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原帖由 如花 于 2006-10-23 13:23 发表# L" C1 d( _0 L
如果是买了nortel呢? / Z' e0 ?5 C. G4 D; ^0 t
- X4 X0 n3 J4 n1 @- L# D4 j: UOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
/ G; Q1 {- o; R& q E: \( tfor Nortel Networks, where in the summer of
0 Y. G) }6 s8 |/ y% T' s2000, there was LOTS of money around for bonuses).
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' ?. u/ s. C; r T! [, s) K5 vJim, being an intelligent, financially concientious person, put the K2 H Z9 P" C, J
whole $1000 into Nortel Networks stock. With his $1000, and the# [) g. G: u/ ~5 C
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ! N" o$ L; Z3 s( ?2 |, N F
Nortel stock climb and climb, he2 a5 H- ~* B$ k: L3 u$ X
felt very good about this investment, happy that he is preparing for the future./ {3 j9 N/ n1 B! X" h! h9 g
/ q% f& R% [' T6 v5 zJohn, being a more care-free sort, did something slightly different
9 [ ^# Q" }# H, J) q1 S hwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
, t0 b; }0 `6 K( R6 y9 v( E: Dpurchased 33 cases of beer. John also
: G4 i; l' J+ S- G1 gfelt very good about his investment: 33 cases x 24 = is 792 bottles
/ {1 v* j9 Y: ?0 iof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, # m5 H4 C# Y- @) ~4 F
calculated that he could drink about 15 & z- ?) y; h9 a4 @9 f
bottles per week, and he wouldn't have to buy beer for a whole
1 r& k" F8 y+ v, fyear.
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! r( R: i6 R# g* C0 |Jim, of course, was appalled by John's purchase, and berated him4 r) a% i+ _/ w+ A
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
7 {5 g6 y# ?. r, }. hdwindle. "It'll go back up", he'd say to John.0 C! h5 L! x& m, ]0 ?
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John, who has been reaping the benefits of his investment on a daily
) P( B! Z! ]; _/ E: _basis, would reply, "Ya, it will. Hang in there buddy".
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a 7 N4 B2 I+ |- E5 _
noticeable dent in the beer pile.; b- [5 j/ t7 v* W: o+ ^" T; B5 T
@5 u9 d# b* W8 hMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was % u4 y" i# H$ Y2 S& V6 f
about half gone. Jim, being sure that the( z) a! C( }- T2 G) `: D8 U* O
stock had hit rock-bottom, still was berating John for his frivolous
4 [+ Y! D' N' r2 v( z) J/ mpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
4 F9 B% T; J( u: Tworth!!".
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' O! i5 M: o2 H$ u& ZWell, summer has come, and hard times at Nortel continue. 1 @3 E/ @' O# X1 Y6 C4 d, M, G
Bad news: Both John and Jim have been affected by the layoffs.7 |5 h4 Q6 A8 X7 T' X; t- } U# h
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Last week, in order to raise some cash to help through0 I. _( Y2 _' C4 t, n% W: V( a
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
* M! z6 o% Z( ]( Z$ Z2 K. a: Z$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
" b) B8 f* U4 H9 ~7 l# {9 y$ bneeds their friend's during rough times), and as luck would have4 ~% a5 s8 k% [! ^! L6 G* |* ~
it, there were two bottles of John's beer left. John, being a good,# ~+ `+ X! o8 o# ]% a, v' K* @0 m" ~
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
8 v3 V k( n$ [; Sthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
$ Z: j# Z8 \. X. u. e" ?6 E; d3 Bgot fifty bucks back out of it - you have nothing now.", he said. 2 k! @$ R& g, u+ `% s6 n3 Y! J8 }
# o' p- {" o" k/ y- G5 ^6 O) @) N"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he . G5 z3 V0 c5 M# f6 G2 y {% i& x
added as his other friend with
# X; O' Z1 B4 @# `8 zthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.) c, \; S2 z L. j
! Z/ B% ?4 J$ ^7 g' TUpon arrival at the beer store, they unloaded the empties, feeling a' k8 Z9 ?( D' _/ A$ A6 l4 C
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
7 A2 t2 e# Y0 O2 g7 v( G2 rbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as" }+ I5 H0 E7 p4 p$ c
he handed him the money.
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1 ?, N2 w& r. c# M% ^# O1 }, a1 l$ kJim was speechless. Poor guy. Can you imagine how you; x6 `( R7 v8 k% D: w/ g& l2 `) s
would feel if you just discovered that over the course of the last year, your $1000 stock investment & o3 i5 C" k, e6 Y; H0 b# Z
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ( M# T' N1 \0 m; K" Z4 Y' l
. X7 ^* M$ Z* T4 p' PI'll leave it up to the reader to come up with they're- Q6 Q3 G3 G: @# I
own "moral to the story".8 [8 ~6 o+ v7 N( H( ?9 E) H6 u
1 s4 t5 G1 ?- H) x' N+ N& I. wHave a nice day, and happy investing. |
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