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原帖由 如花 于 2006-10-23 13:23 发表
9 n9 W( \/ G8 r如果是买了nortel呢?
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% A; Q1 C3 A: B9 P0 J- `On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
5 s$ c, |- ~! _2 d$ lfor Nortel Networks, where in the summer of
6 Z& W* ^; C/ q: c( j2000, there was LOTS of money around for bonuses). : ^( f$ c. j4 W8 Y! d
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Jim, being an intelligent, financially concientious person, put the
- D6 V& m+ c1 e; G5 N3 hwhole $1000 into Nortel Networks stock. With his $1000, and the; U( Z( h# R; m! W! h
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
) V3 A& d- f9 y+ BNortel stock climb and climb, he
% d7 Y; B1 w7 @4 E- ^5 jfelt very good about this investment, happy that he is preparing for the future.4 Y; ~4 p0 I+ k: G4 N8 w
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John, being a more care-free sort, did something slightly different 1 K6 [! g- s3 j: i& b+ o
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 6 q# h/ X8 D9 H8 [+ G, D
purchased 33 cases of beer. John also
5 _" N% h' |4 {& U: Wfelt very good about his investment: 33 cases x 24 = is 792 bottles
$ |+ x) @ X; R: C# nof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
" P. J+ T; V# x! w, Qcalculated that he could drink about 15 % W5 |$ C6 T u' ^# @$ [ a+ E4 m' j3 I
bottles per week, and he wouldn't have to buy beer for a whole: v9 D+ _3 T7 P4 k
year. ^6 ~( w0 u( r4 W
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Jim, of course, was appalled by John's purchase, and berated him# S+ K' O( h; N6 Y
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to - A9 ?& T! {" Q$ ?7 k
dwindle. "It'll go back up", he'd say to John.
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, N) D* E4 Q9 w" kJohn, who has been reaping the benefits of his investment on a daily
& p" U3 T9 Z( r# i+ Pbasis, would reply, "Ya, it will. Hang in there buddy".
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+ _) i B, s k9 y# T% SMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
' w# k, J7 S4 T( _8 B; ]noticeable dent in the beer pile.; S3 ?2 | z2 {1 l
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
* E! S& O& x$ ~about half gone. Jim, being sure that the; Y2 e2 j- @* y! F+ H* \) y, K6 y
stock had hit rock-bottom, still was berating John for his frivolous
" |. ?2 E9 h# q- G p+ Y7 ]purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
, U$ D* }$ b+ G* U, h' r, _. {worth!!".
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) Z3 I5 U2 N* Z. U5 x* |! nWell, summer has come, and hard times at Nortel continue. 7 q* d# x, s3 x6 F
Bad news: Both John and Jim have been affected by the layoffs.
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, Z& e: H( m( w, |5 fLast week, in order to raise some cash to help through' a+ m4 }! e) j/ p* f
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the - l+ O8 i) e( n8 L- c) I! e
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone$ n' }8 o! v$ @* e7 G! {- r1 w5 a
needs their friend's during rough times), and as luck would have8 t. x- _! G8 s$ r. j
it, there were two bottles of John's beer left. John, being a good,3 j0 a8 H" T* {8 ?$ N6 r: m; o
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
' [; l G: C; z/ N2 Q* ]3 @/ Ythe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
. P6 M6 V9 K& ^: d7 K( a9 agot fifty bucks back out of it - you have nothing now.", he said.
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9 F+ Z- S9 U1 `% v- p' ?"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he & ^- [) d& K2 V/ o8 b b4 Z
added as his other friend with0 s1 i1 y& d+ a
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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Upon arrival at the beer store, they unloaded the empties, feeling a
$ C8 x- X( l l3 `0 vlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
* X; M# B$ x- k; Sbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
5 L& v1 ]; {1 ]7 _he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you+ V" ^. w- ]6 P' R
would feel if you just discovered that over the course of the last year, your $1000 stock investment $ b, B6 h$ m! ]9 `
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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|! @8 ~7 ?9 h$ y/ c0 WI'll leave it up to the reader to come up with they're- t3 g3 I L% m1 D, s& Q: c
own "moral to the story".
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Have a nice day, and happy investing. |
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