 鲜花( 0)  鸡蛋( 0)
|
原帖由 如花 于 2006-10-23 13:23 发表
1 P( I$ v5 m+ _- @1 s6 i如果是买了nortel呢? : ]0 ?; ~: b( i
! W: B5 u% j$ @' qOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
: y( g1 `! |+ F- U9 K# Pfor Nortel Networks, where in the summer of
( a/ s1 g/ \) ~) T; ~9 t2000, there was LOTS of money around for bonuses). # p! s, [2 {$ x3 g
/ `( A7 s$ k% A6 @8 P- K
Jim, being an intelligent, financially concientious person, put the
: R2 d% k( ^# N/ [" I/ v( Awhole $1000 into Nortel Networks stock. With his $1000, and the; n1 C; u2 r) ?) p0 ~0 Q7 u3 Q: R) |
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the * f! q0 o: k3 W3 R
Nortel stock climb and climb, he8 h0 {- C1 {6 |
felt very good about this investment, happy that he is preparing for the future.0 P; z/ c S6 Q" \% x, P% p; W6 A9 ^
/ C7 h0 W/ Y0 L( l% S8 `) C
John, being a more care-free sort, did something slightly different
5 q1 I+ m! \9 ] B1 Z1 Ywith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 2 U% o* ^' I/ D) [6 h6 u4 G* [
purchased 33 cases of beer. John also
& e0 m! m6 b4 J' Afelt very good about his investment: 33 cases x 24 = is 792 bottles
2 S& x, @& K) |" f$ ?2 Hof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
. ^3 @" \2 g3 u. z/ ccalculated that he could drink about 15
" N7 M; J0 }- b) Cbottles per week, and he wouldn't have to buy beer for a whole
: g: a! F; F: s7 X7 dyear.
' m+ j7 _- }- Q4 _$ t! c
, R: u8 c7 d+ q8 E, ^- P( m; H0 N. TJim, of course, was appalled by John's purchase, and berated him
6 v% A/ g+ K7 U2 i1 q2 w' mconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to $ ~: @$ C( _, J
dwindle. "It'll go back up", he'd say to John.' w; A) |. y) Y+ u0 U0 ^6 i
0 n: [' z: g6 N; K
John, who has been reaping the benefits of his investment on a daily
% u% c. A7 G8 |3 K9 L7 Bbasis, would reply, "Ya, it will. Hang in there buddy".
2 ~7 s9 \# Q1 k$ w3 }7 k- e+ g9 L$ ~" \6 U7 s
Months went by, and the value of the stock continued to fall, and there was the beginnings of a 1 G" x! q% m0 i7 u# h( C
noticeable dent in the beer pile./ E4 m6 q( p8 M% P4 v \6 O
0 N: _& i9 c; Z3 k C9 g
Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was * C- G! F/ S* @& l; T$ w0 |
about half gone. Jim, being sure that the! ], s, T" q/ t
stock had hit rock-bottom, still was berating John for his frivolous
: c4 J$ R, f8 }6 x: P) ppurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be % a" O$ e+ A# h. j" ?
worth!!".1 l4 K! S) M i$ ^& K
0 `0 @# Z* T* C7 j) [' O$ f6 U3 }
Well, summer has come, and hard times at Nortel continue.
1 ]" S3 V5 u0 ?: q. f9 K$ lBad news: Both John and Jim have been affected by the layoffs.
) V6 U3 v3 H3 L) E: y. ^& t+ g# s9 T, l
Last week, in order to raise some cash to help through4 h8 `( }2 y0 U1 ~
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
* v) |" f* k" m) I7 f' ]$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone, U. Y$ n' D9 G2 y& N4 r/ E
needs their friend's during rough times), and as luck would have
# E% q$ l+ P; O- M, |5 Git, there were two bottles of John's beer left. John, being a good,5 W& ~- D( S* Z- I! `7 Q# [
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated B" c3 X t m
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
# j1 ]0 x: F: n+ S S* Wgot fifty bucks back out of it - you have nothing now.", he said. & a6 Q" V3 [4 O$ E( z! }3 v b! V
$ D6 l1 a) o% F- ["That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
! s7 m" g* ]1 d: g, X* k' F, Vadded as his other friend with% s5 Z- f1 K' ~, P* ^2 g
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.( r( U% |5 Y# o, c' ?0 F( _
, l( a) G V9 w$ g
Upon arrival at the beer store, they unloaded the empties, feeling a$ p3 J8 T' n( p; u
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 + _3 ?$ y; u! \* _7 w
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
0 r+ z4 v8 u, o5 E4 [he handed him the money. 7 b4 @) r1 y% Q: E6 P4 N A
5 O4 j! r A1 q5 ~. o8 I6 a9 e% S: FJim was speechless. Poor guy. Can you imagine how you
8 o4 [0 I0 R# f3 ewould feel if you just discovered that over the course of the last year, your $1000 stock investment
; i- s8 j: x8 |2 k# rleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ' O9 T/ G" H/ {4 d* ^5 A
, z$ h3 x P0 h; c$ PI'll leave it up to the reader to come up with they're$ R4 J2 L- C$ a& A
own "moral to the story".& r4 r& T) ]+ M' ]& S
8 |& x6 F, a4 g
Have a nice day, and happy investing. |
|