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原帖由 如花 于 2006-10-23 13:23 发表; {3 ]5 h e2 a4 a; f3 R
如果是买了nortel呢? 8 c. A q) c0 H' a
1 R5 ^5 Q" ]: E' nOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 3 C/ x% g4 v+ L
for Nortel Networks, where in the summer of ) z$ u( S; P7 n3 z M0 Y
2000, there was LOTS of money around for bonuses). . k7 q9 o) I% J9 \6 S* k' ?5 h, k6 j6 z
0 J# t8 }" z" G, H' p O" Q; S7 lJim, being an intelligent, financially concientious person, put the
9 Q9 V: V) J+ vwhole $1000 into Nortel Networks stock. With his $1000, and the
- O6 _1 t+ ^1 Z2 m+ X/ Q& L* Ttransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the - Q9 [: F! D& x; {- B: R( w. o
Nortel stock climb and climb, he! A1 W4 s( C- L5 f0 p
felt very good about this investment, happy that he is preparing for the future.
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0 w! _% K5 E3 Z# u$ V/ V( gJohn, being a more care-free sort, did something slightly different 1 F5 t% d1 a* c" k; A5 {+ ?
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
- T; r3 g+ P$ B* ?4 Zpurchased 33 cases of beer. John also
1 D5 q1 L) _0 f* t" W; O8 yfelt very good about his investment: 33 cases x 24 = is 792 bottles- j2 Q6 m& A2 K4 S; g' T2 r
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
8 h n5 N6 [' b6 V. ocalculated that he could drink about 15 $ V- q+ z. h+ l) ^4 |6 d
bottles per week, and he wouldn't have to buy beer for a whole
|/ i2 E4 a0 M7 s, Syear.
$ a2 r( B$ ~$ _4 _, U! w- V4 _" n, O- ?: o5 m
Jim, of course, was appalled by John's purchase, and berated him
* H( y6 _9 `& i# P2 {0 S8 |constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 8 s7 K, I# r! v! x3 H
dwindle. "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 daily3 r+ I, c$ b& w5 I9 F- k
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
& c5 f) t1 Y/ ^; {' v2 vnoticeable dent in the beer pile./ e! l8 w/ X& t: p# Q
# j2 i9 _2 c/ R2 c; S& g1 qMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
; Q; u6 l" [3 N; _1 \4 Vabout half gone. Jim, being sure that the
& h3 ^: O: `3 X3 r% i& Q) Y. g Gstock had hit rock-bottom, still was berating John for his frivolous
9 b# c6 D" b8 M* _purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
6 y5 {0 i: H! h5 Rworth!!". O8 s7 a$ [) K7 K: n: t( [4 S
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Well, summer has come, and hard times at Nortel continue.
+ l8 {) O A3 {Bad news: Both John and Jim have been affected by the layoffs.# ~8 v9 H% W4 l: Z0 }
" k, l/ G; U' ]/ P: @$ pLast week, in order to raise some cash to help through, R7 ] g9 w, p; p% b, j& l% t8 j
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 7 S5 p- L8 C7 z. y2 ^' b
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
& w- w p9 U8 |9 \needs their friend's during rough times), and as luck would have
4 [9 c2 d8 \" D! ?7 h# C" P/ iit, there were two bottles of John's beer left. John, being a good,
+ j6 m4 v; a% Q Q0 k" t jcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
& W4 @2 q" D8 m" `the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I * t3 ~: a g$ b
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 . t4 P% }/ b& z1 V$ L+ D0 `, ~' m
added as his other friend with, H. \% h" N" f8 `1 y+ Y
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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7 u$ U! Q& P/ }6 Q" a2 c3 {: cUpon arrival at the beer store, they unloaded the empties, feeling a
! l2 z; k& K% T0 d2 _ i; @& [little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
" R7 J: k8 B" @: ?) P( Y$ ibottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as( k" |' j7 `7 N) D( n0 j& ^$ h' ~
he handed him the money.
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; y$ V0 o2 e2 f" c/ @9 T+ k% oJim was speechless. Poor guy. Can you imagine how you4 S3 O" p. G8 @6 I( m$ n
would feel if you just discovered that over the course of the last year, your $1000 stock investment / Z4 T; q( A& u% P0 ^( D, W' D
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. # d2 V; j! |/ E8 H5 B( F; N
- [2 S; I, _, H0 h1 Z3 K1 e+ QI'll leave it up to the reader to come up with they're" O- q' o2 F0 Q+ D
own "moral to the story".2 N1 N% Q" O$ `; F: m1 E j% A. T9 @1 \
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Have a nice day, and happy investing. |
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