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原帖由 如花 于 2006-10-23 13:23 发表
0 q6 l' F% F5 J如果是买了nortel呢? , o& u2 c1 d" R: T! P* X
. H+ p( w7 L# J8 N- K' LOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
3 U: N! ~7 I4 ?# K# r$ }for Nortel Networks, where in the summer of . a/ z# r( Y: o
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the! b) n* z4 B3 [0 C6 t6 O5 J
whole $1000 into Nortel Networks stock. With his $1000, and the
" l1 F0 V( w" j- X2 B9 G/ htransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the . F! y! g9 ~2 W
Nortel stock climb and climb, he9 V& d2 {/ J/ a: z( x4 r v- P
felt very good about this investment, happy that he is preparing for the future.( C- v8 v! Z+ X7 l5 h2 `
8 D, X: J; H$ [) j* c! bJohn, being a more care-free sort, did something slightly different
r1 s. y; v4 k& O$ M9 V' Uwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 4 A" u. ?. t0 ]4 ?
purchased 33 cases of beer. John also# y) J3 z3 X% ?. M5 \2 z7 l
felt very good about his investment: 33 cases x 24 = is 792 bottles
" p' V- C4 Q( ]& W7 [1 c+ I, Gof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
8 ?7 [: L% n0 |/ Fcalculated that he could drink about 15 , m7 y# n7 V8 w0 E0 L" ~* E' i
bottles per week, and he wouldn't have to buy beer for a whole- j, D! q+ j1 D1 O
year.1 J# b* M$ J4 P8 Z' W
" M) _) G, D0 \) `2 L b' OJim, of course, was appalled by John's purchase, and berated him
! e+ V* \+ r L! {5 g: \0 fconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
4 v" g2 l R" y4 Mdwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily9 G9 g* k& p9 j8 z! a# M' { u
basis, would reply, "Ya, it will. Hang in there buddy".
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a " R% _" ~# [0 z. }7 O
noticeable dent in the beer pile.9 R! w/ ?* x7 V- K) f g' _. @
: c" Y( F3 G# ~Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
# G1 X5 C1 p& s' [$ gabout half gone. Jim, being sure that the) e/ u) A& k0 I' X% `& {1 `0 S& R; d# }
stock had hit rock-bottom, still was berating John for his frivolous: P! _' a7 a9 F3 j& W( U
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
: ]- W/ y% P+ {6 T6 O8 V$ Yworth!!".4 u5 ^' d% D8 l8 r6 n
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Well, summer has come, and hard times at Nortel continue. 8 y% V6 k7 G- E. V
Bad news: Both John and Jim have been affected by the layoffs.
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Last week, in order to raise some cash to help through
4 v4 o6 U1 C2 R5 ^the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
0 D7 D$ c2 E" {! {5 d; ~& Q$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone/ M, f; _9 O6 Y: X/ j9 p" F G" U
needs their friend's during rough times), and as luck would have
' q0 I2 z C) g8 D+ H( O- Jit, there were two bottles of John's beer left. John, being a good,
( {4 W* a; }3 W" G0 B8 Q% k# y3 Vcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 1 D9 n; h8 u' k" Y
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
' }0 F. j8 i5 {$ @got fifty bucks back out of it - you have nothing now.", he said. 3 |$ \; R; ~' q# w) w R
8 x$ ?( v# Z: h1 o"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
! {( U9 |# E* F- Q+ e% J9 uadded as his other friend with' Q$ i. Q" t+ X$ [2 n! E
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.5 B5 ^2 t& i! t/ h. m/ ]# [
$ z5 V/ U1 _/ g8 b; h- h0 v8 K9 zUpon arrival at the beer store, they unloaded the empties, feeling a
9 ^4 R+ N3 l3 Y* Dlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
9 ?* s/ L$ Z `. Lbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as ?) D9 V0 U2 y
he handed him the money.
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; F1 j' N8 g' t. u# R( IJim was speechless. Poor guy. Can you imagine how you6 `4 a3 h" y6 E' Q
would feel if you just discovered that over the course of the last year, your $1000 stock investment
( y; G- H" l: [; jleft 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 x0 q& u6 v( V. k, ?
own "moral to the story".
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1 v Y v1 b) V0 BHave a nice day, and happy investing. |
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