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原帖由 如花 于 2006-10-23 13:23 发表$ N$ O' L. d% w/ h' l* c4 j- o
如果是买了nortel呢? # ~; F" K; }( f# w- x3 E5 }
2 d9 g3 |+ B9 i8 I/ gOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work + _+ i1 r( z9 K/ {5 k; x
for Nortel Networks, where in the summer of
7 h/ z- ]8 s# d6 s& a+ ^2000, there was LOTS of money around for bonuses). @8 ?/ h( k3 P* Q) ^9 _
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Jim, being an intelligent, financially concientious person, put the1 O6 J- b" R# R
whole $1000 into Nortel Networks stock. With his $1000, and the/ z" Q5 y7 \7 ?5 J* b4 Z1 k; p) A3 Q
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 3 j5 y( A p5 g1 A
Nortel stock climb and climb, he
. v$ r9 i# @6 P6 U( O9 q: cfelt very good about this investment, happy that he is preparing for the future.2 e. n. W8 n* K& V
- S0 a( _8 x& E2 a% z/ mJohn, being a more care-free sort, did something slightly different
2 F. H4 [6 G( c; ?0 z0 I+ [with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 7 u: J; I) Y" g! Z* H& b. c H* ?
purchased 33 cases of beer. John also5 R8 c, B( |; A0 l* Y1 d* ]
felt very good about his investment: 33 cases x 24 = is 792 bottles
& R* X' i H' ?of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
4 k% G2 }% m, o& k0 |6 o; [$ bcalculated that he could drink about 15 2 ]& |7 |' S, w0 e' G7 }% |
bottles per week, and he wouldn't have to buy beer for a whole
3 F" |: f; r2 Q- N5 n$ a' m6 O3 I9 \$ byear.! B- D S) S: O
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Jim, of course, was appalled by John's purchase, and berated him
( u8 i1 r3 p& F. lconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to - D% P m9 e5 e$ ~0 ]& q7 y1 C: v- d
dwindle. "It'll go back up", he'd say to John.
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; k9 v7 Y/ l5 XJohn, who has been reaping the benefits of his investment on a daily) i% ^ Y; R" B- \, l. X: P
basis, would reply, "Ya, it will. Hang in there buddy".2 f/ p K) w: T5 o
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
/ y# Q6 R7 p0 R6 H8 S0 U' x* x5 lnoticeable dent in the beer pile.8 L2 E5 P: f3 s
0 r% H, o2 A+ `( {( q; P7 dMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 3 @6 P* f; y- t b. n
about half gone. Jim, being sure that the
; Z2 g5 D8 c) j3 e3 h" Rstock had hit rock-bottom, still was berating John for his frivolous" Y [1 w, `& I' G4 b
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
6 i* C! D N4 k5 P7 pworth!!".
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- ]5 c1 q# s, p0 i) vWell, summer has come, and hard times at Nortel continue.
7 f/ I! E9 G4 ^8 q0 K4 r, I) ^Bad news: Both John and Jim have been affected by the layoffs.- a# Y5 d* F& F# ^
1 y- \/ }1 C: ~4 YLast week, in order to raise some cash to help through
; T7 Y8 A3 N& R5 \* {, B U d* h1 E5 W Cthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
+ r* `& R0 d" f/ q6 k% n1 o$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone1 h# d8 A/ @- @8 @, E0 n
needs their friend's during rough times), and as luck would have, x1 t# y% ^: v# F2 K& q& G
it, there were two bottles of John's beer left. John, being a good,
: d* g- \* C4 l8 Ycompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
& j+ v ?5 s' U' d. sthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
, ]8 P# H1 r% h fgot fifty bucks back out of it - you have nothing now.", he said. / c3 G! x, _" n2 [! B- S$ z
& @$ p5 `2 O0 {& z"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he " g0 w( c2 g/ l5 Q8 W8 b O
added as his other friend with8 K1 ~5 L& a, L
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.# [# ~ H/ E1 _2 I; e0 ~
7 c4 K! n" z# q# d7 r( C$ u9 t4 QUpon arrival at the beer store, they unloaded the empties, feeling a
f& X7 }! K4 m" a7 K: f8 Tlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
/ ~7 u5 a: a6 H: lbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
/ F- N; c% A* i! v/ i/ d8 m7 Zhe handed him the money. - E- d1 \1 g l3 Y# c
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Jim was speechless. Poor guy. Can you imagine how you
; P9 I1 L3 r5 q* N' M3 j5 fwould feel if you just discovered that over the course of the last year, your $1000 stock investment , o" | x: a! |5 Q. q- l
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 2 g) S' p9 x4 H+ w
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I'll leave it up to the reader to come up with they're
% X9 m6 ?, S% y: s/ Q Yown "moral to the story".
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( G9 N9 b0 w4 }4 D, `Have a nice day, and happy investing. |
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