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原帖由 如花 于 2006-10-23 13:23 发表! k0 l W& m/ i8 k6 W8 z9 g7 Y
如果是买了nortel呢? . w% ?1 M; I; g8 W1 d7 F
/ F1 z, v) I; k; GOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 6 x$ u. p! f3 M( h: B
for Nortel Networks, where in the summer of
# o2 G. }/ Z. h2000, there was LOTS of money around for bonuses).
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$ z) c7 P& c/ f% W- _" K& DJim, being an intelligent, financially concientious person, put the
( Y* ?6 x' I9 L: O3 `whole $1000 into Nortel Networks stock. With his $1000, and the8 z# f( X4 K; O; J! k
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 7 s! `. i' a/ j
Nortel stock climb and climb, he
g* I, z( _* L8 H0 h4 H/ h" H& hfelt very good about this investment, happy that he is preparing for the future.5 V: i; H9 @# T% v, T% z7 H
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John, being a more care-free sort, did something slightly different
" Z, T+ Y4 P0 U( O' H5 a3 jwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
$ r. F* m3 `. t7 \purchased 33 cases of beer. John also
0 i7 z1 _4 [% D! V Ffelt very good about his investment: 33 cases x 24 = is 792 bottles
& _1 t) D) ?; J; o9 `of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, + m( {9 X |) s$ C
calculated that he could drink about 15 " ~' Q: Q+ F' ^& J" m& s
bottles per week, and he wouldn't have to buy beer for a whole2 q* [ U/ [& {) q5 x! w
year.4 ?: ~: Z( x, f) T
4 S6 }/ Y# C5 J( o" z1 F1 r9 ~( LJim, of course, was appalled by John's purchase, and berated him
4 a: Q/ G( z- K1 }0 m/ }( Bconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 8 O) n! e E( N4 Z8 T3 j
dwindle. "It'll go back up", he'd say to John./ t0 K" C5 a' M$ Z1 `$ O6 w
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John, who has been reaping the benefits of his investment on a daily
G/ l8 o o2 cbasis, would reply, "Ya, it will. Hang in there buddy". [3 f/ x. D! G
9 I, ?: ]! `+ S0 |/ x4 G0 yMonths went by, and the value of the stock continued to fall, and there was the beginnings of a * J; W# k: U* m! Q9 I/ `
noticeable dent in the beer pile.
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 0 U, S. B/ \- }
about half gone. Jim, being sure that the7 T4 Z9 C6 t. g
stock had hit rock-bottom, still was berating John for his frivolous" G0 s& k" Y4 L! X3 M/ k# d
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
; B1 s+ O$ Y' a; d+ D. q( L7 lworth!!".
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0 D- V1 r/ X$ g" cWell, summer has come, and hard times at Nortel continue. ) L2 ^, J5 T" ?. x
Bad news: Both John and Jim have been affected by the layoffs.
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Last week, in order to raise some cash to help through' `: C+ D2 d( |
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 5 N) h, A) c1 h1 b' g1 ]2 v0 O
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
: `3 x& q+ I- R" B$ \' Oneeds their friend's during rough times), and as luck would have
8 F" \5 m4 q8 _1 j* g2 b- i/ Cit, there were two bottles of John's beer left. John, being a good,7 w( {- y" z3 n0 V- |. U
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
+ h+ _( F7 z6 Z) r, s1 Rthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
6 D3 `, z1 r" f' H$ y; @/ Ggot fifty bucks back out of it - you have nothing now.", he said.
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he + W. I8 x( }& S6 m2 {
added as his other friend with
( H+ Q# R1 k4 G' G9 n4 q5 Bthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.$ N) r- R( T* U! [0 e' U
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Upon arrival at the beer store, they unloaded the empties, feeling a
7 G' i$ ]1 O4 H8 C% l' T. s) ulittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 # q2 p; _ P+ p* @ D
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
' q0 {2 m. w% zhe handed him the money. 2 ^5 y4 t1 H9 D* h9 {9 L% \
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Jim was speechless. Poor guy. Can you imagine how you
2 ]" N- y0 @, o2 S) p+ hwould feel if you just discovered that over the course of the last year, your $1000 stock investment . v7 B) C) K i7 c
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're* K3 _# e: R3 M
own "moral to the story".1 Z6 v" d3 H; R
1 A- @: p, q% z mHave a nice day, and happy investing. |
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