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原帖由 如花 于 2006-10-23 13:23 发表5 N; F' E- e+ T' v5 T. A
如果是买了nortel呢? 5 ?4 h5 D+ f! @0 Q7 B% `
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
2 ~' g+ j# t$ k6 Y; v6 }. ]; T8 afor Nortel Networks, where in the summer of 6 s8 T( T# m" C. o
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the$ e( C; Y$ v3 t; \1 V2 e
whole $1000 into Nortel Networks stock. With his $1000, and the; J# q* T% `$ e) b4 ~$ W
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
0 ]9 R. ]% q8 w8 p" QNortel stock climb and climb, he. h+ F9 k( [* Y$ h& T
felt very good about this investment, happy that he is preparing for the future./ b6 J: N& W4 E( Y
- F, P" _* {1 P) N3 E2 fJohn, being a more care-free sort, did something slightly different $ M, H1 t6 e7 f
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 8 P z4 _7 h9 T
purchased 33 cases of beer. John also
! C7 N z, f/ n, v2 d! f4 d1 Lfelt very good about his investment: 33 cases x 24 = is 792 bottles! K7 ^( F/ a& u0 t& A. g6 f
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ( R$ Y$ t9 p' J7 _/ l4 s
calculated that he could drink about 15
& I$ {' p) y% q+ l4 ^4 Abottles per week, and he wouldn't have to buy beer for a whole
6 w7 i7 B p) @1 B. I: T: |year.
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) |6 A0 p( y8 X4 k& ?4 |/ P" RJim, of course, was appalled by John's purchase, and berated him
# O( U& Z' p, V: y1 yconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to % N/ K% n7 s/ P! W, A/ K' _
dwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily" ^" g9 a0 O% W& z4 m+ B) _
basis, would reply, "Ya, it will. Hang in there buddy".
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m$ I8 D- n- m9 fMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
0 L& `4 |. e% }% K# W pnoticeable dent in the beer pile.- O. D5 R3 T( u1 H$ h) v. t
4 I# B0 Q5 k D6 BMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was " I; ~7 T/ N& z8 D. z0 w
about half gone. Jim, being sure that the
' Q* `- M8 ?4 p' J* @/ [) d) qstock had hit rock-bottom, still was berating John for his frivolous3 {/ ?$ p/ c: l1 P/ s8 t2 c
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
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: X* l# B- \ r7 tWell, summer has come, and hard times at Nortel continue. 4 }$ `1 `4 I/ o ]
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 through4 \) Z$ W4 f! _" w' `
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
- ?( _2 O3 u1 p0 P4 H$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
! O9 Y/ h4 Q. u% _5 a! C; ?needs their friend's during rough times), and as luck would have
, k- Y$ P6 E" \$ L& r' nit, there were two bottles of John's beer left. John, being a good,) Y. }; G7 @/ W
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
( d: \' `% l# O/ f& w3 _9 ]! j- n1 dthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I / A: Z$ v4 A0 Y; B) M
got fifty bucks back out of it - you have nothing now.", he said. 6 d; u/ Y7 }8 O G- |
' B- S+ G# E3 F) {' }5 z"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ; _5 h% _4 H- ]' k, O
added as his other friend with9 b0 T$ u- I2 K; F2 H4 z7 `/ Y
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 a0 k$ d; A# q2 z* S( w
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
$ `8 e; K* O3 L1 r- ~bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
( r- ]2 L7 m- B. d; n8 J: She handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you% X2 z9 S: F6 z1 N C& N
would feel if you just discovered that over the course of the last year, your $1000 stock investment ; N% h$ M' E3 E% h% 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're1 i1 Q+ E# V6 \, y
own "moral to the story".
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Have a nice day, and happy investing. |
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