 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表
' U0 @+ _+ Y3 \/ I, F8 `5 ^如果是买了nortel呢? q e% G" D% T6 l( @2 u
! y$ h/ T2 O9 p$ P. C9 D& `
On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
9 x I5 O3 Y9 W1 N+ ^' }# hfor Nortel Networks, where in the summer of * Q" E7 I! |1 m; c9 E; t
2000, there was LOTS of money around for bonuses).
6 z1 m0 K1 U! t( Z
7 ?. U6 `& M7 V: |& C3 |Jim, being an intelligent, financially concientious person, put the
5 p6 k5 T/ }+ ?- j2 ?! lwhole $1000 into Nortel Networks stock. With his $1000, and the
( Z* |, q9 B- z7 ^9 x1 v3 Q' vtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
" I2 c) f# r4 w9 J1 |" S- JNortel stock climb and climb, he y; i, B5 m; h! h0 R6 y
felt very good about this investment, happy that he is preparing for the future.) S, ^. J7 V+ x" B" b( ~5 M" W7 E) K/ o
R7 z5 k) d/ q6 \9 ]6 n j
John, being a more care-free sort, did something slightly different 8 _4 J6 {. @( B/ G3 W: r
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he , H8 S; D! k- Q
purchased 33 cases of beer. John also
) H6 P& Y4 k7 L6 q5 J1 ffelt very good about his investment: 33 cases x 24 = is 792 bottles |8 _+ w3 r2 i- Y, p! ?1 A) v
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
% V* q# E: S! I# T# L0 Jcalculated that he could drink about 15 : A# A! j% x! q
bottles per week, and he wouldn't have to buy beer for a whole- K; ]% y5 t' _8 i- w& I$ g0 _% s% T
year.
4 W) O$ A" b* T$ S9 @7 P8 |0 h7 e g$ q/ |' D: P/ i
Jim, of course, was appalled by John's purchase, and berated him
) z" V4 X( {2 d# f" Yconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to & Y' I1 \% V+ @! F
dwindle. "It'll go back up", he'd say to John.
; e' q8 L6 x4 |4 f$ g+ J. K" w; e2 x) n, }
John, who has been reaping the benefits of his investment on a daily
0 N& y& S0 D$ o, kbasis, would reply, "Ya, it will. Hang in there buddy".2 l+ c: \, d! ?& V: |
: n7 v, J# f7 ] W% P5 c& A) E
Months went by, and the value of the stock continued to fall, and there was the beginnings of a ! r( }2 I1 R3 s4 ]
noticeable dent in the beer pile.
/ j1 _$ ?* o9 A& c' Y/ O
3 U9 ]) Z* s# \( pMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was , q% F1 h! Z+ j8 N. g* B2 Q
about half gone. Jim, being sure that the
0 A* I% P8 s& P5 ~6 k/ w0 qstock had hit rock-bottom, still was berating John for his frivolous& [2 Q/ t2 W) r8 T1 ]
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be - Y( y! Z" X; w
worth!!".) ]6 D* n/ W L
) i* B5 B/ h! K% B7 L: e% ?
Well, summer has come, and hard times at Nortel continue.
: k4 n0 ~# e* Q: o3 [, uBad news: Both John and Jim have been affected by the layoffs." G2 O4 f7 P' @" f9 i6 j
; C5 O% `( s9 W( A1 K% y& t$ Q8 R5 g4 y
Last week, in order to raise some cash to help through
- e" ^5 c; n$ K0 ^9 O( t5 {/ lthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the : @: ]& X0 l6 @' N: f% [
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
4 V0 a' P* ?) E8 wneeds their friend's during rough times), and as luck would have8 o8 H; q8 x8 C
it, there were two bottles of John's beer left. John, being a good,
* I7 R- S, `, Acompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ! N* ?2 ^+ K! K3 ?. w
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I % W' S; Y" `$ R; u4 m" Z% }
got fifty bucks back out of it - you have nothing now.", he said.
/ T9 g! ^6 P7 E- @4 v4 {# l# b8 [: ]3 o: i! F
"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 5 Y& C' N$ X, ~6 |) m
added as his other friend with t6 g% J' B0 I4 q* W. G! d5 N) e! Y
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.2 Q8 b$ @" l. a) {
W8 s, W3 B+ V
Upon arrival at the beer store, they unloaded the empties, feeling a
]2 I3 `2 N5 K" b; ^little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
+ Q- r; k( O k- p& rbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
S# ^: ]3 L2 fhe handed him the money.
# n# l) F; F, q* i
+ I2 R5 H' ?, G! C6 [Jim was speechless. Poor guy. Can you imagine how you
- G; f$ M+ p- C! u2 p6 i& @would feel if you just discovered that over the course of the last year, your $1000 stock investment & G5 O E3 p6 H- s% G
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. " }9 W) v) |6 a% P" L% C) c/ c' ]4 f
; H8 S& Q3 Y" J# W: K2 I
I'll leave it up to the reader to come up with they're; r5 V; V' m; R/ R" h7 F! q
own "moral to the story".
- h% b8 q+ k) B: y& D D7 a$ Z D+ V8 P
Have a nice day, and happy investing. |
|