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原帖由 如花 于 2006-10-23 13:23 发表
, _# R& ?5 g q, O如果是买了nortel呢?
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/ E% k C6 A! I1 N2 DOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work # k. n$ V) \- v) `1 M. e0 Y
for Nortel Networks, where in the summer of ( ~8 A8 E" L; F
2000, there was LOTS of money around for bonuses). 9 g0 W$ `7 Z0 X5 n/ {4 H7 V
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Jim, being an intelligent, financially concientious person, put the% X/ V% r: ]0 N9 o8 }, s
whole $1000 into Nortel Networks stock. With his $1000, and the4 b6 G: z% o6 [+ Y, J7 t
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
: b q" @8 T3 q0 h' K0 CNortel stock climb and climb, he) r' N$ J- j' _- d; W8 L: _3 e! n
felt very good about this investment, happy that he is preparing for the future./ v/ @7 ^1 ]3 c
( o8 G2 k, `$ r# u3 vJohn, being a more care-free sort, did something slightly different
0 ?- v' Q: B! X- U$ dwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he + P/ F* H- o6 ]
purchased 33 cases of beer. John also( h, t1 e$ c* T8 N+ F4 t
felt very good about his investment: 33 cases x 24 = is 792 bottles
! O6 A: X7 v, p4 ~, a+ sof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, - m- p' j4 }" n; w a+ E
calculated that he could drink about 15 , y7 b' x! @0 Z" Q. p, `+ ~4 H
bottles per week, and he wouldn't have to buy beer for a whole
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4 U8 a) g/ v! E' VJim, of course, was appalled by John's purchase, and berated him$ s7 n- _% a T" J& k1 ?% U
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
' B$ R" Y; A m [+ |7 tdwindle. "It'll go back up", he'd say to John./ r/ b3 Y1 h, b- O2 N# J+ r; s
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John, who has been reaping the benefits of his investment on a daily: e& N& E# [% z8 U) S8 {. F
basis, would reply, "Ya, it will. Hang in there buddy".
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$ K8 K4 y; I7 L% a+ RMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
3 Z2 `, t0 f3 y+ }" ~* j" cnoticeable 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
, N O/ u( v u8 p3 L$ Rabout half gone. Jim, being sure that the
3 ]3 i, f3 ?9 qstock had hit rock-bottom, still was berating John for his frivolous
$ _" g C/ B5 A7 m4 s, j: Cpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 0 G' V# S( s9 d7 w; b+ }6 d/ d# ^0 X9 I
worth!!".2 |6 b6 ?2 E, C" ^# b
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Well, summer has come, and hard times at Nortel continue.
1 n0 m- X, m! b# aBad news: Both John and Jim have been affected by the layoffs.. D% D/ z! Q6 n' a4 N6 i l
+ u( C& h7 C. B4 x! }. S1 nLast week, in order to raise some cash to help through
" n/ ~3 J2 x* |: y, N, V* Ythe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
( w, @) b8 a6 A3 g; \$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone6 N. z7 Y9 ]; V3 n
needs their friend's during rough times), and as luck would have
" V: y2 m: b/ Z8 j; Fit, there were two bottles of John's beer left. John, being a good,
; h" A, A$ ^1 W3 ]8 {/ {! ecompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated $ X0 ~; ~& e I2 L l- D! J8 L
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I . y+ v& d1 ~8 w$ z. s; _
got 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
6 B5 @. I+ `( G3 |6 fadded as his other friend with, G3 E+ j) r z I; x1 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 a9 _4 m5 y" i5 w: g2 f
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
% r! z* e) o; O' ~/ z3 mbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as( A. a+ J: k# _& T( ]2 p
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
8 e! P& l8 l' G) {+ I7 Kwould feel if you just discovered that over the course of the last year, your $1000 stock investment 0 c7 \! f3 h r( j9 ]# W
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- u# l: y4 Y5 d, a. I5 Y4 P* f. Z
own "moral to the story".
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Have a nice day, and happy investing. |
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