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原帖由 如花 于 2006-10-23 13:23 发表
: p) C+ N1 f$ ^如果是买了nortel呢? ( T1 X2 M! q7 z: U0 i, ]/ K2 i
$ W4 V& F4 M0 Y$ K7 q, l4 ?On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
& r7 S% W& a' h& Bfor Nortel Networks, where in the summer of ( q: o( t/ B" P& h4 y/ e& Q5 p1 [
2000, there was LOTS of money around for bonuses). ! J1 r3 U2 W& y& D
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Jim, being an intelligent, financially concientious person, put the
) ^% ^6 h$ B1 g: k4 O# [whole $1000 into Nortel Networks stock. With his $1000, and the9 F N4 ]+ s, f4 g
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
3 g, G: \, `8 r; wNortel stock climb and climb, he" k; k& T' o6 V. Z
felt 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
# f. ]6 |( b o( K8 d& swith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
0 A1 u' R/ Z4 npurchased 33 cases of beer. John also) @4 E4 v6 D5 ]$ C, D% y
felt very good about his investment: 33 cases x 24 = is 792 bottles
! U. D6 z2 K pof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 1 M9 t! ], X' W C# u8 \
calculated that he could drink about 15
6 b0 X p, b2 P/ Q: j+ {bottles per week, and he wouldn't have to buy beer for a whole+ F9 C3 L) z" ~8 V p! w- `# I
year.
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Jim, of course, was appalled by John's purchase, and berated him* `$ U4 F+ W8 j( f9 V
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
s( E# {) y% x: z$ I6 `dwindle. "It'll go back up", he'd say to John.
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. b; V7 W x% Q" PJohn, who has been reaping the benefits of his investment on a daily
3 |. R$ K: i# T1 N! M, Cbasis, 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
2 G2 [9 v. S% Z6 q& {, ynoticeable dent in the beer pile.
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8 W1 q# `0 U, U& h QMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was , r& A$ z4 W, g! V
about half gone. Jim, being sure that the( N9 [# ?3 f- d" `8 Z8 D
stock had hit rock-bottom, still was berating John for his frivolous
0 o d8 \! Z* Z; j$ b# C9 {6 [purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
& @! {4 k( V4 Q! ^( Y5 l8 `worth!!".0 u' r7 b8 q- B: B( E
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Well, summer has come, and hard times at Nortel continue.
8 x9 ^. v3 ^1 aBad news: Both John and Jim have been affected by the layoffs.
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; z& k2 u) j- [& BLast week, in order to raise some cash to help through) P7 u! D$ o% d& ^& c
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the ! ?# R$ J" h: D' B5 U9 Y
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone9 Q1 ]6 i" T2 Y& ~. \
needs their friend's during rough times), and as luck would have
. B8 z' F% b! D1 s0 q! b& j' g( kit, there were two bottles of John's beer left. John, being a good,
% l# Z7 {) _7 A+ `, ]compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
2 d7 S7 G l0 g+ j3 k" O8 \the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I / \, w) s, r$ J
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 ; q- ]" K8 ~# V4 q
added as his other friend with6 @1 n" ]2 G. |, W9 f9 l8 J4 p( ]% u
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.& f# f7 t8 c) v% @4 a+ n
+ h' q2 b" }/ W R" y7 ~7 h4 NUpon arrival at the beer store, they unloaded the empties, feeling a0 O! s; W9 M3 O) J) l; V' p
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
0 f, C A2 p4 {" C3 }4 I. mbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
5 o2 T6 G$ M" r6 H+ f5 {. p/ A+ ahe handed him the money.
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( j4 H* s3 ]" B3 I3 M8 _9 N2 o$ OJim was speechless. Poor guy. Can you imagine how you' U4 n" ]1 ~. }* l# C; C+ o9 k$ l
would feel if you just discovered that over the course of the last year, your $1000 stock investment ' S) y( @# Z x0 s% Y
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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5 A' u* B* y; b7 u( uI'll leave it up to the reader to come up with they're
- G% P k/ j+ d; [own "moral to the story".
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Have a nice day, and happy investing. |
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