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原帖由 如花 于 2006-10-23 13:23 发表+ A- d4 h* ]* V* V4 V
如果是买了nortel呢?
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( @- _3 j6 Z( H! D) D9 SOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 0 f8 y K% k6 \6 D5 L0 ^
for Nortel Networks, where in the summer of " t4 q$ P( p2 g' l) f% r: Z! m9 a9 e
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the" a) d9 N' N, d" z- ]7 I
whole $1000 into Nortel Networks stock. With his $1000, and the" \( G" s2 j& q
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
7 n$ L, i$ A4 g$ r1 v/ K) c! mNortel stock climb and climb, he' [% A# u0 E, q; z+ J$ A$ G1 O
felt very good about this investment, happy that he is preparing for the future.0 V+ U5 s8 V$ S: T3 p
) U* P H* S/ { K3 eJohn, being a more care-free sort, did something slightly different 9 ^8 m# U3 u1 ^5 e+ p; o- `( R
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
$ w( _( p, ^: t" I2 dpurchased 33 cases of beer. John also% H% O( j2 m' x. n1 z, I/ K
felt very good about his investment: 33 cases x 24 = is 792 bottles8 B" F4 _+ |# {; w: Y
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
& L6 v" o$ i- e) b% Zcalculated that he could drink about 15
3 n# t3 h6 @: \3 L; k5 {4 pbottles per week, and he wouldn't have to buy beer for a whole9 N9 Y9 G7 V9 d5 w9 A: `- @ J
year.
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Jim, of course, was appalled by John's purchase, and berated him( m2 L0 Y& P( c) ?: i+ e
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
3 b* U8 O0 K4 _1 B; Vdwindle. "It'll go back up", he'd say to John.
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3 L! \# J% @6 H" N& ^6 |, EJohn, who has been reaping the benefits of his investment on a daily$ s; h% A0 z- k2 v4 j
basis, would reply, "Ya, it will. Hang in there buddy".4 L7 e" Z7 h% P7 [. ^: |" {
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
% s2 X* U2 j+ j# S1 T8 Gnoticeable dent in the beer pile.: r, ]2 Y; k8 J0 k+ W/ ]
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
$ i5 ] `' ~3 W/ S- O7 I {about half gone. Jim, being sure that the0 d5 v2 V& N3 N; K, M
stock had hit rock-bottom, still was berating John for his frivolous6 C5 w& S' P. k3 C' M3 k" J$ t
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 4 O- ]* R2 y B6 w& y) Z. \ C
worth!!".
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Well, summer has come, and hard times at Nortel continue.
3 W4 U' V/ b+ V4 w+ hBad news: Both John and Jim have been affected by the layoffs.6 U8 w! F( V+ {6 m
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Last week, in order to raise some cash to help through
% d! u3 v" M4 O) P) g3 J7 b0 I Pthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the D! I8 O R/ i- E
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
! O' w/ E4 e6 \0 n( h- fneeds their friend's during rough times), and as luck would have
u8 @7 K8 N+ ~- V; w' _it, there were two bottles of John's beer left. John, being a good,
7 W X8 W" e% z% u& bcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
4 V: N/ p$ a2 Q, _, Tthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ; Y! E$ F+ |: Q+ _& V
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 1 s& P% [# O% `+ o/ g
added as his other friend with
, C- J- s/ F( d3 `! Othe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.2 d* X: e/ g! P
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Upon arrival at the beer store, they unloaded the empties, feeling a
) H/ M7 R4 L$ q% W% f/ O& d, Jlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
% B( A* \7 N" mbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as/ m9 U; S$ {0 `& F7 w
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
6 q/ ]/ w$ i- K! O) z9 K2 P* Fwould feel if you just discovered that over the course of the last year, your $1000 stock investment & W5 L2 f4 g' s: O; w" l5 T
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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+ d# B0 ~+ \3 YI'll leave it up to the reader to come up with they're
' S# ~" _) B+ @: Yown "moral to the story".2 v/ }3 X' ^6 h9 y
6 u1 x& l7 |( R7 [4 |0 _' x$ ?& DHave a nice day, and happy investing. |
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