 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表
) t: ], x# q Z2 L如果是买了nortel呢?
; q" A# y0 [7 {. \, ]1 F6 Q1 V& x9 C% P& |
On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 9 t5 L) L3 b( U, P$ |
for Nortel Networks, where in the summer of 9 M9 a( s5 Z. c# c. n# a
2000, there was LOTS of money around for bonuses). - v* @2 o1 }) b: M( v
! X: u( A' a O/ l: P( L9 yJim, being an intelligent, financially concientious person, put the: x$ P, z- z& u; O* A6 ^
whole $1000 into Nortel Networks stock. With his $1000, and the
7 D2 [+ A; v9 b# ]6 Ztransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ' N4 ~7 P5 Z$ c3 R
Nortel stock climb and climb, he
6 Q# J$ z! h+ [# Z6 A2 Dfelt very good about this investment, happy that he is preparing for the future.
1 x( `+ o5 T" i# r$ U" S7 O: _6 m, A
1 O3 E; x0 T8 x- zJohn, being a more care-free sort, did something slightly different
Y% E0 r. Y1 O6 s$ v/ t1 S: Nwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he : x; Z& W s1 C; i+ M! r: R
purchased 33 cases of beer. John also
3 F- \3 V" t$ ]; F% ^/ b/ gfelt very good about his investment: 33 cases x 24 = is 792 bottles# t. f# E0 `! O$ n" v2 L E
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 9 p; i7 q' E* Z9 u q
calculated that he could drink about 15 - @) C: L/ j+ E" u2 h3 j {* u4 s
bottles per week, and he wouldn't have to buy beer for a whole2 T o7 E9 g$ d) I
year.
$ x; K n: [, R" C' o
1 S8 N) D& ?8 y) |6 F t4 w OJim, of course, was appalled by John's purchase, and berated him
9 c; b) C* J; Uconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 6 |; T7 G0 b& h* f5 \4 M" Q( M
dwindle. "It'll go back up", he'd say to John.0 b! o% V, T0 {; N
& k9 Z3 _: O9 }! \4 G& V3 ZJohn, who has been reaping the benefits of his investment on a daily. M# p1 z: z, r7 c
basis, would reply, "Ya, it will. Hang in there buddy".0 y9 ^1 [: [" s
6 [) U( o9 V* v! ~5 }Months went by, and the value of the stock continued to fall, and there was the beginnings of a j( ~1 ?, k" K0 a! ], T- e
noticeable dent in the beer pile.- _/ s0 o6 b% t" J& _/ x3 G
: }' [: m& g) W# ~3 s- r/ ?" B) yMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 9 X* P* E( u' u, W& B5 H+ Z5 b* e
about half gone. Jim, being sure that the A! j$ S- U/ E( Y H
stock had hit rock-bottom, still was berating John for his frivolous
. i8 k% B( D/ }5 e; m8 Y+ w) dpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
, I2 @0 m) N% E9 mworth!!".
2 z C0 O+ X1 _+ T6 _" m. B6 O' `4 h6 m
Well, summer has come, and hard times at Nortel continue.
, V8 `' d8 e9 r$ W+ k) F2 iBad news: Both John and Jim have been affected by the layoffs.
! L$ k/ O, @1 }0 D# |; z! p$ \9 V1 S- k+ D" i7 u, e9 n8 H& r
Last week, in order to raise some cash to help through* o0 V2 {$ c6 r" o; }
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
4 `. O- w% u. ]: k$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone( r, H; F) F( k v3 j U Q, n% H- T
needs their friend's during rough times), and as luck would have# W- q, W- n q! P# h
it, there were two bottles of John's beer left. John, being a good,9 {1 Z- l+ e/ y7 b( I
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated * c1 X# Q2 R! L& n5 w
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
" M0 x) e, e/ E# T$ k5 Hgot fifty bucks back out of it - you have nothing now.", he said.
! Q2 s& s. P, d3 q) u3 x" [+ M& ]6 ? r7 @4 d
"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 1 C3 f6 x% y+ S9 i- w( U* v
added as his other friend with$ O; ~. S& a1 }7 n
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
( }3 h' }" n6 _! s
, B9 E( x+ ?7 r6 l, ~Upon arrival at the beer store, they unloaded the empties, feeling a
& m& C; k% M" l& `little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
. N5 `$ b; H# K2 ]/ S7 C- ]bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
' a& g. L+ ]/ b1 r; e; nhe handed him the money.
# @# p) M0 D P6 c, T& X
P# O6 |' n& ^/ [& N( z; e: f$ m3 mJim was speechless. Poor guy. Can you imagine how you# W2 y8 K1 X1 o) v
would feel if you just discovered that over the course of the last year, your $1000 stock investment 3 d! N$ e# g) ]0 R
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 8 C8 k8 f j1 o
* N0 a& D0 L2 h7 z' V# f; e T8 R6 W' L
I'll leave it up to the reader to come up with they're
9 Z& D4 ]6 C7 P% ~- T4 qown "moral to the story".
: D# p" y5 \% ?6 r$ J- X
/ Y% c$ f2 Y2 AHave a nice day, and happy investing. |
|