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原帖由 如花 于 2006-10-23 13:23 发表; D) Y2 c0 V; m' w
如果是买了nortel呢? $ i0 @: d) H* x3 f* q$ ~
4 i8 ^& F0 |! c6 S4 p y' \On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
+ H6 {" K. W9 Q- W6 m% N& C) Ufor Nortel Networks, where in the summer of + j' f- R/ B" s7 j, e& U# A
2000, there was LOTS of money around for bonuses). ' [+ V5 y V1 M) p7 r+ N) J# G; o
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Jim, being an intelligent, financially concientious person, put the) \- ]7 Z+ h9 @8 I" l" T" q
whole $1000 into Nortel Networks stock. With his $1000, and the) V: U3 j" V' Y" N! i! W
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
2 @! T$ u* l) s6 e) r9 U3 ^6 FNortel stock climb and climb, he) }- A! Q! Z; U3 |9 g# J
felt very good about this investment, happy that he is preparing for the future. ?: _# D# N$ b$ J3 n: S
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John, being a more care-free sort, did something slightly different
2 U. B6 R! _5 G" r9 \( [with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
8 Q7 _. M! @, xpurchased 33 cases of beer. John also
' B$ s$ o7 h- k: b1 p0 kfelt very good about his investment: 33 cases x 24 = is 792 bottles
6 x: z4 w/ q% s9 }9 rof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
- F) x* I+ U6 p5 Bcalculated that he could drink about 15
' W2 d9 @9 _! q! M# _& k& J" lbottles per week, and he wouldn't have to buy beer for a whole% ~: o" P* ^3 ^* c: I3 ?: N
year.8 q1 ^2 p# \* q* J
% q0 [; E3 X S8 ~) mJim, of course, was appalled by John's purchase, and berated him
7 O# {4 `$ G; m% J/ rconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
. i6 f6 B# }0 B2 Kdwindle. "It'll go back up", he'd say to John.3 {' n% v" j3 x: w1 I
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John, who has been reaping the benefits of his investment on a daily
; w) f& @! y$ C5 N4 k, Xbasis, would reply, "Ya, it will. Hang in there buddy".
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" |$ a2 a+ C; `2 v# gMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
- g$ V" ]! L" j8 t9 N) d$ ~noticeable dent in the beer pile.
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
$ c8 m% T- h$ Q \* y' Xabout half gone. Jim, being sure that the
/ D- a% U* |) h2 ^3 Sstock had hit rock-bottom, still was berating John for his frivolous
3 _2 ^$ C9 L' ypurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
! r# b7 O0 C- a8 v& E3 K4 jworth!!".5 h4 p) m/ D3 B
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Well, summer has come, and hard times at Nortel continue.
, K7 U2 m$ X1 i$ L0 T1 O! W9 w4 XBad 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 through1 x X. Y' S5 s2 p( m0 k
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
4 A' v! S9 v$ R! g4 n2 \5 z$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone5 k, H4 P7 I3 Z* ^( A8 B/ j5 O1 P
needs their friend's during rough times), and as luck would have6 a% G% @" U4 q- [( v, y$ c
it, there were two bottles of John's beer left. John, being a good,
, \: `6 g y' O1 `" q) z' ^6 bcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ) |6 e% i" `7 Y3 p8 ^0 [
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
0 e" p6 [% n, v+ A2 Z$ ?3 ngot 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 9 M5 B6 G8 q2 [* T! q
added as his other friend with4 Y( o7 ~, J% W, ]
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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Upon arrival at the beer store, they unloaded the empties, feeling a% }# s" e8 Q+ X: Y% s: Z# _
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
' k$ Y* a# ? a4 N/ `7 Jbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as% A2 v- V) W* \( K- t
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you2 ~8 p# Q ~. X6 b$ Z
would feel if you just discovered that over the course of the last year, your $1000 stock investment
+ d- l% n" \" a0 d' s5 O, _1 `left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
. E+ J" ~, z7 e4 T% xown "moral to the story".8 G P: t, ^5 j* M$ W- ?
' T+ b- E" F# ^0 ]$ SHave a nice day, and happy investing. |
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