 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表
" j- ^4 ?2 P: f% B如果是买了nortel呢?
7 q' A! s0 X/ x1 {+ p5 {% ]( i+ l Q O6 ^0 K0 I/ y0 p0 I6 U# _2 r
On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
" a3 Q. Q6 T. }* dfor Nortel Networks, where in the summer of 5 G7 R/ J; V( Q5 y; r$ j
2000, there was LOTS of money around for bonuses).
8 g+ Z' E( i' o* M) @
1 m2 W4 T& c u; aJim, being an intelligent, financially concientious person, put the
$ O1 F1 h, J6 |/ m2 h% }1 jwhole $1000 into Nortel Networks stock. With his $1000, and the5 W7 [. d9 e* b# h" e: f8 ?: E
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 8 c* a, M' I& h2 a, X8 N
Nortel stock climb and climb, he, N; S: g! x3 l% Y. k6 U
felt very good about this investment, happy that he is preparing for the future.
9 ]) d% Y1 h, t% m. O
" A/ ~6 C9 V$ C, { @ q$ z- xJohn, being a more care-free sort, did something slightly different 2 k& u" W1 ~# z
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
! D; U+ G" Y( A4 i: h' [purchased 33 cases of beer. John also
+ P1 g o: T2 v' }; zfelt very good about his investment: 33 cases x 24 = is 792 bottles# N* a9 u6 B" {1 C
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
" W- o% M& T# h' R- f- [" ocalculated that he could drink about 15
9 P0 [8 o& @' l: Y; Vbottles per week, and he wouldn't have to buy beer for a whole
( y' ?; \3 x. g dyear.
3 x) |- W" S2 e/ p; C: x# x
& Y+ Q9 Q' `, i6 c! N2 jJim, of course, was appalled by John's purchase, and berated him3 R" H, s3 i& R, K$ N
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to * v9 c3 k5 N" Q8 `/ h, X6 E
dwindle. "It'll go back up", he'd say to John.
5 x$ ]6 D2 }/ Q
9 q9 b% b& h& K; ZJohn, who has been reaping the benefits of his investment on a daily
- ~" ?& H' ^, ?( Ybasis, would reply, "Ya, it will. Hang in there buddy".
7 U8 B5 q! ]2 \, i9 f6 ]. F y I& O% {
Months went by, and the value of the stock continued to fall, and there was the beginnings of a ( L& [; ]" Q2 o i$ D
noticeable dent in the beer pile.: H) M4 h% U* B+ y1 J
% R# x# s2 h6 q; C
Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
|" M" J$ \- q( O1 sabout half gone. Jim, being sure that the: m( E% H ]$ V/ Y9 f, o! Y
stock had hit rock-bottom, still was berating John for his frivolous
- D: |* l& e$ [purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
& C5 }2 @9 r# N$ O( C& _" nworth!!".
' A! w; R3 G, r
! m2 O" ?8 e1 R: G4 _3 }7 gWell, summer has come, and hard times at Nortel continue. 1 |0 p4 Z# x8 h; s
Bad news: Both John and Jim have been affected by the layoffs.* {5 z+ [" Q# D) u! L6 v3 I- F
& n/ e1 l8 E I( M, c
Last week, in order to raise some cash to help through
/ L1 Q; e7 c8 W$ o& m0 m) dthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 8 a2 O1 t O- f1 Y F
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
- t7 S) n7 i+ C& ^needs their friend's during rough times), and as luck would have. ~! e' `6 F6 p: S' M8 b( S
it, there were two bottles of John's beer left. John, being a good,
7 E* s& n; k( i% z' Acompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 9 u1 G. r' D0 X, q; f. P% a
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
/ y* m8 m3 h( d9 N1 Y2 L/ igot fifty bucks back out of it - you have nothing now.", he said. 9 L( w8 f' n( V* e
) W- \4 x6 a( p/ o
"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
6 }0 z+ b# B' n& E. i7 V& ?! gadded as his other friend with6 e; r8 U8 u/ k( T9 t
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.9 N9 X( w7 v6 e% |. e* R2 R. D e
2 P- V6 M7 g% x6 M, r6 o
Upon arrival at the beer store, they unloaded the empties, feeling a1 U% Q: H8 X/ A! D; i$ j
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
- A6 e% U3 C( u9 Y! {/ U* P4 X9 @# Mbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
5 H. D8 z5 `& K* ?' hhe handed him the money. 0 z, f$ ]& ~2 V% Y; R: D3 |
! T9 C- b7 C- ?: ^
Jim was speechless. Poor guy. Can you imagine how you" ~2 I1 d0 |( L/ ^
would feel if you just discovered that over the course of the last year, your $1000 stock investment
2 f) z$ x7 W/ l. P3 Jleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. * W. B6 P) v# P& Z
" A8 N& j. W, S% L$ _I'll leave it up to the reader to come up with they're2 ^8 r4 K; L' Q( [# l
own "moral to the story".
# l3 R# A# p( N
* h9 B. B! C. T; r) m, `Have a nice day, and happy investing. |
|