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原帖由 如花 于 2006-10-23 13:23 发表2 K$ g1 {* `' E, {' N9 `
如果是买了nortel呢? 1 N- ?- m' \% h
6 F9 F& ?" ?6 M) y! H& HOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
! o* K+ P/ y1 K/ Mfor Nortel Networks, where in the summer of + n* d" R; Q5 F/ k* T, C y2 p
2000, there was LOTS of money around for bonuses).
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$ |! w5 l, K/ N2 SJim, being an intelligent, financially concientious person, put the5 m" v S& ?0 p: V. c! `& W) C
whole $1000 into Nortel Networks stock. With his $1000, and the0 ?# ?. t% c5 d: \ ]. Z
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
, Y6 a0 l# u- U [# @Nortel stock climb and climb, he
- P0 N# e" ?9 }& W/ }% lfelt very good about this investment, happy that he is preparing for the future.
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5 ?5 @% }5 s* s: y" s6 AJohn, being a more care-free sort, did something slightly different 9 @1 d7 k* \$ Z7 G
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he ! u( x: F1 z3 C
purchased 33 cases of beer. John also
' u1 X) q: q* a; [" N2 Q7 Ufelt very good about his investment: 33 cases x 24 = is 792 bottles) Z, D/ l( n h% k
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
' u# C, R3 n2 Ycalculated that he could drink about 15 - H3 b7 A h" z1 m9 K
bottles per week, and he wouldn't have to buy beer for a whole
2 l; T) a3 Y* P. n9 c0 Y2 pyear.+ B1 o8 P& _* Y" f, e& N* l! b" {
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Jim, of course, was appalled by John's purchase, and berated him% W3 e3 A4 [- A: }5 R* U& w; d
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
$ @9 q# X7 e/ r) n$ n R# @dwindle. "It'll go back up", he'd say to John.4 \% c% V, _8 P8 x4 q
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John, who has been reaping the benefits of his investment on a daily
) |% |: o% [+ S" h- h/ Gbasis, would reply, "Ya, it will. Hang in there buddy".) _% M/ p) V8 I2 ~
/ ]' ]) L: J/ ^& f A. @Months went by, and the value of the stock continued to fall, and there was the beginnings of a 6 O' D/ E- {- b7 r+ [% b& g
noticeable dent in the beer pile.4 e) n. F8 r4 e
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ) V8 q7 \$ s1 M+ {+ X
about half gone. Jim, being sure that the D' w6 Z* E3 }( ~
stock had hit rock-bottom, still was berating John for his frivolous
) x; s) C. y4 j$ y: y; Opurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
( k* `7 i2 p" N$ v; c# W. p+ D+ }worth!!".
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Well, summer has come, and hard times at Nortel continue. , Z8 `) w& V5 ] x- 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 through7 m; r% }5 p! A* V2 ?+ |
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
' P7 z `- g7 S. {# o4 d$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
/ N7 X3 a) b" S& ]needs their friend's during rough times), and as luck would have4 e3 C$ V2 z; ?5 n0 u+ N2 a
it, there were two bottles of John's beer left. John, being a good,! ?9 c0 m" N& {- s7 C
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
7 m0 `$ e" I7 S0 W" K/ ]1 lthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
; R$ s8 C6 _8 A' `4 \ O2 \8 d0 \got fifty bucks back out of it - you have nothing now.", he said. 4 V( t) V" h5 ]6 Y
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
* w* Y6 V* r- x& u6 Q# Yadded as his other friend with/ F3 L+ ^2 b7 N y( _
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.: q+ B, m `9 d% b8 o; }
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Upon arrival at the beer store, they unloaded the empties, feeling a% d; {& t& i- Q5 Y+ t' n3 K
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 0 E, S4 J; m( h$ ^' }* S
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
9 u2 y! {) x" r( k# uhe handed him the money. - I( X) O% z& ^1 X5 P
( J g# N0 L2 V, wJim was speechless. Poor guy. Can you imagine how you2 w, g! f$ x& V* r4 V1 M
would feel if you just discovered that over the course of the last year, your $1000 stock investment / b; U Y' r4 ~8 f1 a4 c
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
. u7 p$ Z7 A" k3 @own "moral to the story".) N: b4 [5 U( E, G
: _+ M2 W$ ^ X' B5 qHave a nice day, and happy investing. |
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