 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表 K7 N- g" N; n3 w
如果是买了nortel呢?
0 [1 h: f$ a2 `# z. a$ U8 d, u6 m C2 O$ P- _
On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
8 \) s8 F; C. p. ]+ \ Nfor Nortel Networks, where in the summer of
; A1 F0 u- r; K9 }5 Q- S2000, there was LOTS of money around for bonuses). " _: G7 O6 [& f2 E7 j5 x
]" R/ {, i: L% b
Jim, being an intelligent, financially concientious person, put the
w0 U7 D3 A; k1 cwhole $1000 into Nortel Networks stock. With his $1000, and the
9 M0 k7 T X" k! W- ?transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
' H; T! w0 ?7 r- E! wNortel stock climb and climb, he( S* O" J1 |* m4 r
felt very good about this investment, happy that he is preparing for the future.
; w+ Z" A8 w: n" }
2 y) Q3 C% F1 t3 D5 m; oJohn, being a more care-free sort, did something slightly different
3 e" _/ r9 D& y' }6 Z3 dwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he ' [) t% R1 t+ h: h
purchased 33 cases of beer. John also
5 b) |, H+ Y, ~2 S& f* P+ ifelt very good about his investment: 33 cases x 24 = is 792 bottles
7 P6 l2 O2 J% Y; w7 T# ?of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
4 _6 Z# ]$ O% }1 y9 Xcalculated that he could drink about 15 ! |2 _1 [6 z& X! a5 L
bottles per week, and he wouldn't have to buy beer for a whole7 ?! d9 q" \' g" j& E0 K. T
year.
* h4 u; k! N; p- X- B* L0 B1 d4 W v7 W" {; {1 ?# ?7 ]& Z
Jim, of course, was appalled by John's purchase, and berated him0 U( d8 b& |5 }: O7 m8 U
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
1 U5 b8 h" @2 N Q, s8 Cdwindle. "It'll go back up", he'd say to John.
3 R P& l' t# Z" K3 O0 Q. Y7 A ]0 V: B8 U& |7 z
John, who has been reaping the benefits of his investment on a daily6 Z X1 m. O. R2 O5 N. U
basis, would reply, "Ya, it will. Hang in there buddy".
6 F( v/ y! g3 D& \+ }2 i+ h6 X+ G) D
9 { M; O/ {0 {, E F# Y; vMonths went by, and the value of the stock continued to fall, and there was the beginnings of a " `2 p' T1 \% S( r8 C0 |! K+ L4 a o
noticeable dent in the beer pile.
; E: O5 f4 O% g) W6 ~3 j7 W1 N' f6 D' N" a+ a# R
Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ! P3 h5 b, h. B# I
about half gone. Jim, being sure that the
1 ^; h1 W* O+ L" Jstock had hit rock-bottom, still was berating John for his frivolous+ o8 H1 Y* ^6 N
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be # m$ E: }8 O, J! C/ g' W
worth!!". E1 ]) N5 a9 Z3 y! t
- B- ~) u$ ~% O/ @0 x Q
Well, summer has come, and hard times at Nortel continue. - t1 L" ~9 M$ V; e+ Z3 \* ^2 [# ]4 y
Bad news: Both John and Jim have been affected by the layoffs.
: k# P+ }, q* m) ? t, r9 u1 U2 N4 w
Last week, in order to raise some cash to help through4 b7 w9 }. k1 q! _
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the ) h" a: w d' I) w8 t" c# F' L+ Z
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone7 m9 K" C& s/ ]( e
needs their friend's during rough times), and as luck would have9 D' k% }( y: P! S- T- N, O
it, there were two bottles of John's beer left. John, being a good," y' |* g( P8 r0 ?
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
! S/ I2 T) U$ i: athe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 3 g9 \. b7 ?8 Y2 G
got fifty bucks back out of it - you have nothing now.", he said. # T, e/ l9 h' b) x. A% J3 i
4 g# {9 K! c) O% j/ W: E"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ) p0 E5 ], f4 U: f7 X
added as his other friend with
( H/ G1 ^/ F: W% a( Athe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.5 L: W) p6 X- k2 C
! j4 X7 Z+ i& j/ J
Upon arrival at the beer store, they unloaded the empties, feeling a. w M/ o5 l; A) ]
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
8 ]6 a" `$ d* j: q) h- W$ Qbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as7 z; M7 V$ Z7 u
he handed him the money.
% q$ r4 h1 c4 Z& U6 g. _% j9 i0 c( }! b" k) Z# G* f" m+ p: |- r D
Jim was speechless. Poor guy. Can you imagine how you
* V9 N; Q, m# y. v. Zwould feel if you just discovered that over the course of the last year, your $1000 stock investment + o# w# O: [# s7 M
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
& a9 B9 a0 s2 s/ n) b* Y; \1 s( Q" h! ~
I'll leave it up to the reader to come up with they're
& E# [5 X$ B1 U7 v) y+ Fown "moral to the story".
) |9 L l2 h' k0 C! U2 i' `( w% a ^! x# D
Have a nice day, and happy investing. |
|