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原帖由 如花 于 2006-10-23 13:23 发表3 Q" W. H! j% v/ d% S+ x, J
如果是买了nortel呢? & ]# l; H( x% `! Q C2 \
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 8 S2 e% ^6 p! i( z8 N" N
for Nortel Networks, where in the summer of
, C0 G+ D; f4 I9 v) d5 f Q: m: V2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the) ^: v0 l' v4 l ]3 Z/ } c! g
whole $1000 into Nortel Networks stock. With his $1000, and the7 f8 n' C4 p# v
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the & a8 v" L V3 X/ y! K4 I% \
Nortel stock climb and climb, he
1 \, b; J: g7 c4 cfelt very good about this investment, happy that he is preparing for the future.
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John, being a more care-free sort, did something slightly different ; X, D) d: g, q: s8 Y+ B1 a
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he & n6 N; n' a: t8 O- @2 {
purchased 33 cases of beer. John also# Z% V+ P) H+ d/ c9 p( J8 {2 B: P
felt very good about his investment: 33 cases x 24 = is 792 bottles
+ w9 W6 U9 c, ?3 T- R tof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 2 Y. [, r* ^/ \% ]$ z! q& |
calculated that he could drink about 15 ) k r; l' C: J7 s
bottles per week, and he wouldn't have to buy beer for a whole; E! c6 }; J, u- r+ k3 s- z. K
year.
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Jim, of course, was appalled by John's purchase, and berated him5 ]( f) Y: f8 `$ T, ]; q
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to ' o% W1 e# L3 D) Z: i* W: n
dwindle. "It'll go back up", he'd say to John.
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+ n1 K4 F1 C% x& G p+ YJohn, who has been reaping the benefits of his investment on a daily
: _% H0 z$ e9 x$ ~! W/ s; lbasis, would reply, "Ya, it will. Hang in there buddy".3 O+ ]" v5 C, F# x
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a ( _# V# V& r0 L$ o9 R/ G
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
5 y' E7 r& V- `* ]! V+ Yabout half gone. Jim, being sure that the
# O$ j' T: G4 D6 I! w6 B% bstock had hit rock-bottom, still was berating John for his frivolous
7 z; @7 l. X8 A, `; s, \. gpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ! c, G. P* n) X2 t; J% w' S
worth!!".( D. i* m" G& V( c( p2 w$ H9 H+ p
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Well, summer has come, and hard times at Nortel continue.
2 z3 d; j8 W6 B. W, ~; i! @Bad news: Both John and Jim have been affected by the layoffs.( h/ Y' G6 ^6 v- l
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Last week, in order to raise some cash to help through' N1 o+ D, b$ R% x, X- M
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
/ s0 S/ O6 ^, b) X$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
# P) y6 X5 z h3 }& y) ~: E0 lneeds their friend's during rough times), and as luck would have/ y G/ M3 p( N5 Z7 q
it, there were two bottles of John's beer left. John, being a good,
9 P# y2 N1 A' n2 g1 dcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ; l% Z/ |5 o2 `
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 9 b, y1 M7 L1 Q9 o! h
got fifty bucks back out of it - you have nothing now.", he said. 4 B9 Q, W0 l. z% D6 l. A" i
$ ]' \- C0 p5 f9 m0 i"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 5 i0 u+ u. B9 F$ n$ o0 g9 e% C* d
added as his other friend with9 ~/ \# h+ u" b2 m; H
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 a1 |) Q: ]9 H9 z4 p* R/ k
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
, a- T" Q- {% S4 q3 x, ^bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as ^& \' Q( ?+ l6 O" \2 M3 E
he handed him the money. & W! y7 w R) |; r( j7 p
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Jim was speechless. Poor guy. Can you imagine how you, d$ E, H; W' J7 ~! z( }+ W5 w
would feel if you just discovered that over the course of the last year, your $1000 stock investment 2 t& L- Z: o- @! p4 ^6 E
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. * X( b2 v, S, r; w- n7 S% i
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I'll leave it up to the reader to come up with they're
( J( R- e! a) j) D, |- f0 Wown "moral to the story".' C5 o# P! k2 [% M& ]% ]/ F$ P: M
2 u- G3 U5 B1 L' T. ?9 q& Z2 I' vHave a nice day, and happy investing. |
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