 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表* d- L+ l3 w3 m& ?
如果是买了nortel呢? 9 z" o5 E- z4 {
: v7 |5 h# E/ j& H) M0 ]4 A! Q
On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
) ^" o, y w, E8 W$ t4 G5 U) G/ bfor Nortel Networks, where in the summer of 4 V0 `& h. a7 c# g) l
2000, there was LOTS of money around for bonuses). 3 O B$ H& s9 Y# @. X
3 p/ c' w% w/ P: T. W* u
Jim, being an intelligent, financially concientious person, put the
8 g# P r+ k4 Z$ k/ Jwhole $1000 into Nortel Networks stock. With his $1000, and the
0 A5 R. U! z# y8 ]5 U0 Etransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 8 a* @) {3 E' Z$ M2 v
Nortel stock climb and climb, he
) k. V9 U+ h3 |1 y. R6 jfelt very good about this investment, happy that he is preparing for the future.
4 t/ `4 k2 ~% M) H: k
' O. B8 g7 l$ ~ cJohn, being a more care-free sort, did something slightly different
" G, t7 |. X j' `9 Twith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he , Q" N9 d- |& A2 @: W& a/ J* U
purchased 33 cases of beer. John also" X- R1 I% Y; c# v( \; x, A
felt very good about his investment: 33 cases x 24 = is 792 bottles
- w B5 p; P! X# Qof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, $ q) X, T1 _: z+ T u8 j
calculated that he could drink about 15
2 p$ [, d2 M. u& L4 gbottles per week, and he wouldn't have to buy beer for a whole2 M, M, n) \0 D: J9 x
year.0 E; c5 A3 r& o' c q# w0 w. b
1 t! t7 Y3 y+ I% U
Jim, of course, was appalled by John's purchase, and berated him
' R' L0 [; h. P' l4 Dconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
- U% W- [% j; h Mdwindle. "It'll go back up", he'd say to John.
' L, B- i; J) o$ H5 J% Y2 J3 [/ f. x& z4 g9 ~: ~! E
John, who has been reaping the benefits of his investment on a daily: S% U) P! y: d$ D3 \* \: q+ p* J: [
basis, would reply, "Ya, it will. Hang in there buddy".
# E4 q, Q; ?9 o. V# P9 f5 q( P% L* R! i. v1 C0 Z( j5 F
Months went by, and the value of the stock continued to fall, and there was the beginnings of a : i2 J0 k0 s8 X0 ~( ~
noticeable dent in the beer pile.* `, D, f8 J: `, H
7 t7 d: ?; k( u- \1 dMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was # f6 K5 _4 c- ]# z4 M
about half gone. Jim, being sure that the- g6 H; v/ k; `* \% A
stock had hit rock-bottom, still was berating John for his frivolous. b6 B V) t4 ]2 `& m6 o
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 7 L3 l7 U* E6 A$ k9 G
worth!!".. l$ ?" ^; ] b# n1 Q9 F! n; D! u
7 f1 ?# t. ?8 i; AWell, summer has come, and hard times at Nortel continue. 2 R! g, o$ t3 N+ G. y! B% T
Bad news: Both John and Jim have been affected by the layoffs.
8 s! M* O! m( I: r0 c, m \! a( n5 q' h8 E4 I5 y( v
Last week, in order to raise some cash to help through, D2 `8 z- i$ k0 I
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
8 k- ]5 z7 |; j% D4 s6 D$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone* _2 T: }5 o N* P- L( l3 z7 r$ {
needs their friend's during rough times), and as luck would have
5 l9 C! k3 F1 e" w v: q" Nit, there were two bottles of John's beer left. John, being a good,
2 H/ ~: ?0 _# s y# {/ I2 ^compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ) Y- l& j U) R
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
) _5 C2 Q, L2 r' Z i+ h& i5 Zgot fifty bucks back out of it - you have nothing now.", he said.
6 b$ {4 O1 ]. R4 t+ e
8 @2 u, `+ d/ y% `! u"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he - Q u; P9 c4 u1 B; n
added as his other friend with4 O- U, h% A1 A8 P) f
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
$ X4 n C/ i; M; p2 i$ u( O7 ~
7 t1 {: E/ N$ H9 K# u* Q( ZUpon arrival at the beer store, they unloaded the empties, feeling a
; o/ b7 ?, a: T l3 X) nlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
( T- i! e& j, x3 J q1 q7 x+ abottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as0 s4 ^8 p/ S0 [( F
he handed him the money.
' u; w/ l! R# C- ]) k3 u
" t5 ~- b' z$ ?1 X. g& r: K( CJim was speechless. Poor guy. Can you imagine how you9 ]7 D5 z0 L7 `% ~4 V
would feel if you just discovered that over the course of the last year, your $1000 stock investment . {6 ~0 ^7 {, a; W- u
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
9 g& {, p1 T! N& K9 q
: i3 e) S# Z, TI'll leave it up to the reader to come up with they're
7 v; q( w# g+ b& a3 Xown "moral to the story".# ~, P0 K( j' i" W
. { E+ F' `' W+ b9 N0 H, ^Have a nice day, and happy investing. |
|