 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表
. B( X- f; q2 k1 D0 z- c& e f如果是买了nortel呢?
/ N$ c! T+ t1 e* f- t/ c# Y1 L* S
! u+ e! W! b' p% H `On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 5 L% U# D4 p' {/ U6 L
for Nortel Networks, where in the summer of - v: H1 u. ~ E* E1 b. J; J4 t9 n
2000, there was LOTS of money around for bonuses). % @& P8 Q7 n/ u9 u- r; [
2 v4 D8 k, ` |9 B2 EJim, being an intelligent, financially concientious person, put the9 K6 f: G7 f8 F K# z) \8 n+ q
whole $1000 into Nortel Networks stock. With his $1000, and the9 t, g6 B8 A# b" D" z& b
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
: F9 M" w6 ?% q! k X. q/ bNortel stock climb and climb, he2 J" z+ |, S+ o1 j
felt very good about this investment, happy that he is preparing for the future.
9 }* e: W8 z0 w8 }, H: V- ~- L4 d. b9 ^
John, being a more care-free sort, did something slightly different
# W% G5 ^- E _% ~& [3 swith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
* I q8 X) y+ D; m) F8 h1 ipurchased 33 cases of beer. John also! v4 l6 Y6 L) }% ]; K' M
felt very good about his investment: 33 cases x 24 = is 792 bottles
: x7 H/ v8 D$ a6 C0 p3 }of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, + m; P/ D- h: E F/ I5 b0 T6 O
calculated that he could drink about 15
: l0 E" I- p7 N: q8 d% g# n# pbottles per week, and he wouldn't have to buy beer for a whole& f7 y! ?7 `& w) l" S
year.7 ]$ c( o9 W% }8 ~/ ^+ ` l$ o
( B( N5 |: h9 F& o7 @9 \
Jim, of course, was appalled by John's purchase, and berated him
% j* {3 s9 S, d5 e" K% u. w4 U1 tconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
7 k' W2 p1 g8 D- `, ~dwindle. "It'll go back up", he'd say to John.# `0 m1 P& }8 r2 S `
% `2 @/ ~3 ~0 ] n
John, who has been reaping the benefits of his investment on a daily
]1 A5 M# y( @& f8 F: p; mbasis, would reply, "Ya, it will. Hang in there buddy".- E1 U }3 W7 l; s
+ a$ q% H* A5 h4 rMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
' l' d4 H" |8 s5 hnoticeable dent in the beer pile.( r0 T8 C3 B, q7 X; k8 m
9 m" }+ r9 X! j0 g+ K
Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
) W6 z6 R1 K" C: Jabout half gone. Jim, being sure that the/ E# T% X) Z. N" [7 C4 ?
stock had hit rock-bottom, still was berating John for his frivolous. L9 k1 h' g7 g( H1 p! u
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be : o2 [3 q9 T; h9 ^0 t: l+ f: o: S
worth!!".
4 O2 P# h+ p& B8 E1 v. [5 ?9 Y( o3 X+ C+ m7 y# m, |6 h# M+ Z
Well, summer has come, and hard times at Nortel continue.
# f" W1 Y' r( ] c9 N+ ~* @! b+ _Bad news: Both John and Jim have been affected by the layoffs.
4 ^* n1 ?) Y6 x, x
2 R% ^3 U9 a F4 p. vLast week, in order to raise some cash to help through
& E: |6 p3 E. j1 Q. K: G( athe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 8 f- ~1 r; \( f8 K
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
) `; E% o' r' ~0 H9 Uneeds their friend's during rough times), and as luck would have
+ b$ P: @- w0 Zit, there were two bottles of John's beer left. John, being a good,
$ Q; c( |# l" {) {4 ncompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated + A4 V3 ?$ ]6 H$ G% h6 F
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
8 l' e* m' {# }2 ugot fifty bucks back out of it - you have nothing now.", he said.
# H0 }* s; Y" t* P! ^. t: G. m
: @* w9 K0 a7 i: g+ t"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 8 ?) U3 a e O- z/ F
added as his other friend with
/ k2 _: O. c* o! D- Z7 Dthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
) G% F$ Q% q; r: }: B' s
) n7 O* J% ]# x; l7 V& U% ^. f7 U: HUpon arrival at the beer store, they unloaded the empties, feeling a
7 K" Y8 q9 L1 Blittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 " E3 a) t8 C3 w7 W* b" d- z4 I
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
9 ?) k' _7 e- q6 ?+ F7 Zhe handed him the money.
# o7 \# _0 }4 I+ J9 |: _5 ~; g8 p8 u6 d, l* _4 c- E
Jim was speechless. Poor guy. Can you imagine how you0 H( M/ @$ K( E
would feel if you just discovered that over the course of the last year, your $1000 stock investment 7 K& @/ H; E7 U R$ \0 `) Z
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
7 D1 W% _ Q1 F/ A1 H) Z& Z! D7 e" g3 d6 E8 ~
I'll leave it up to the reader to come up with they're
, N& [2 |5 d, L+ \& E! Z pown "moral to the story".
% Q1 p7 ], O) G! f- a E8 P4 _$ p4 v0 n5 \* l0 s3 w
Have a nice day, and happy investing. |
|