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原帖由 如花 于 2006-10-23 13:23 发表
; u% t. E6 h1 |1 H7 g如果是买了nortel呢?
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* u/ D- i0 [; w: s6 k' GOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
0 X* C7 d S8 K8 y6 U _for Nortel Networks, where in the summer of
$ i3 o' c: ^; i$ ?+ q% O" q2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the+ |5 M) z x1 @6 s# i
whole $1000 into Nortel Networks stock. With his $1000, and the( ^0 J& m- M* N$ V$ D. O3 q0 k! ~
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
* I0 Q) u: M' v- |' b; M4 GNortel stock climb and climb, he* \( M8 i5 v4 ^7 U% r8 I& w3 S
felt very good about this investment, happy that he is preparing for the future.
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7 t$ W8 S% r1 m6 u; f0 A( @% k# ]John, being a more care-free sort, did something slightly different
, i( b" L0 Z4 r: C7 Swith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 1 f, S% p, ]- k* _3 i0 }
purchased 33 cases of beer. John also5 V7 h3 u" C8 \: D( R8 u
felt very good about his investment: 33 cases x 24 = is 792 bottles+ V( N: f4 u6 }5 ~# R$ n3 B
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, , D6 S }0 p: `$ I$ c; z% b! X" e
calculated that he could drink about 15 9 A) f% {) Y8 G4 d x
bottles per week, and he wouldn't have to buy beer for a whole
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4 Y* j9 }5 p; f uJim, of course, was appalled by John's purchase, and berated him
2 Q; M8 G- R9 Sconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to " C4 U+ N p* D
dwindle. "It'll go back up", he'd say to John.0 @0 x1 a ?1 \- J( X
. r; [1 R* l9 d7 Q. }John, who has been reaping the benefits of his investment on a daily
/ F/ H+ m7 r7 ?1 n4 l! o/ Qbasis, would reply, "Ya, it will. Hang in there buddy"." k. d! A8 @: ]& c% b* K$ H
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
+ Z! o: l1 c- N6 Znoticeable 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 : q1 ^$ e2 C. B' C' ?9 Y6 _4 }
about half gone. Jim, being sure that the6 A {4 X7 x; d. c5 K& s/ t: {& s& b
stock had hit rock-bottom, still was berating John for his frivolous% U1 H0 c/ m+ U. q
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
" Y% a; p2 n4 W- T3 H7 xworth!!".) K4 x) V* G* _
: a- D7 H8 v) r6 y9 e" h$ g8 [* s2 KWell, summer has come, and hard times at Nortel continue.
( Q0 G1 Z% j/ a3 ?Bad news: Both John and Jim have been affected by the layoffs.
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W$ l: ^+ B k7 Q0 BLast week, in order to raise some cash to help through
' }* h% J6 c/ {+ D: [the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the + O5 Q8 Y# M3 }# \- `0 a0 y5 I
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
' B2 f, d0 F6 k$ V" }4 ?% Sneeds their friend's during rough times), and as luck would have0 |5 Y9 x6 ~" k3 a% h7 i. s# l. `
it, there were two bottles of John's beer left. John, being a good,# g U- j8 G, G. g* i
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ) n+ q8 l8 a4 R( J0 j
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 0 c* x% Z$ _/ j, U3 O4 R% w
got fifty bucks back out of it - you have nothing now.", he said.
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! n6 n- V0 N! Q, d6 _& c. ]"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 4 Q- S" A3 x4 W8 C2 A0 L: j
added as his other friend with5 q- Q. ^: u! p
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store. x5 V4 o# Q& j' \ ?8 y& I
5 w8 V b: s; KUpon arrival at the beer store, they unloaded the empties, feeling a2 f& z4 t7 D/ _+ z- T) l
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 % ?. _) B& R! t( Y" b* Y8 m
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as' B- n* h+ J( o
he handed him the money.
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9 q; O7 a/ @& V7 _; GJim was speechless. Poor guy. Can you imagine how you* A% D* U/ c1 J5 W
would feel if you just discovered that over the course of the last year, your $1000 stock investment 3 Q: {9 o- @5 V _
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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. [4 U1 k8 ^0 ~# Z4 l/ EI'll leave it up to the reader to come up with they're! X. h M( j9 P& D8 W' [
own "moral to the story".
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Have a nice day, and happy investing. |
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