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原帖由 如花 于 2006-10-23 13:23 发表) |* M# D* T! V. q0 }( a3 }5 P
如果是买了nortel呢? 7 L5 F; g9 o& Y" Z3 h, ^% p
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
) f8 ]5 A% T) Lfor Nortel Networks, where in the summer of
5 ^+ h" S) S' s; W: i! X- e& X2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the
9 U6 \0 f. A$ `% o3 \whole $1000 into Nortel Networks stock. With his $1000, and the4 Q0 U2 W1 P) x8 m7 ?. @( e
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
! w2 K' ]2 C/ v; _( @1 ~! x6 Y! {Nortel stock climb and climb, he
! W5 q5 q8 m! u# @' cfelt very good about this investment, happy that he is preparing for the future.# ?6 G9 H: x/ }4 _7 {5 `. P
/ X5 q3 n8 H" O& E9 I; EJohn, being a more care-free sort, did something slightly different
, q# b( G" E% T, a6 a0 mwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
. K5 Q5 _0 }; Lpurchased 33 cases of beer. John also
3 M# v2 w9 u4 E/ E* q0 ~felt very good about his investment: 33 cases x 24 = is 792 bottles$ E' v8 x& a \" k
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
* w3 h3 k* o( d3 \* P+ jcalculated that he could drink about 15
+ b+ f$ R& ]0 S4 C0 e( nbottles per week, and he wouldn't have to buy beer for a whole
5 A5 d) W: ~/ k2 y- v+ Myear.( n4 s! G- o, n+ t
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Jim, of course, was appalled by John's purchase, and berated him: v7 S8 |# `4 F3 S0 N, @- F
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
$ ^2 r; a# s5 S% u7 O R! vdwindle. "It'll go back up", he'd say to John.
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- t( I3 R3 y# ~: E) q) g" z# [John, who has been reaping the benefits of his investment on a daily
( L! E& P, N5 `+ a* r1 k* h3 Fbasis, would reply, "Ya, it will. Hang in there buddy".% U+ B* I1 _# Y, J2 X1 g
9 ~" F) @" v3 [! A. \2 @1 c- QMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
) L/ F# Y0 j* ~: tnoticeable dent in the beer pile.4 [8 X! k! m1 p9 p- |& w% J9 Q0 r
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 0 l5 c# W; {5 Z, @8 T
about half gone. Jim, being sure that the
, j$ j- Q9 \" Q) n( T9 W# b3 a& Cstock had hit rock-bottom, still was berating John for his frivolous
1 E' |( G% A0 ~purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 8 u4 }- X5 J1 i3 s& V
worth!!".8 d$ O1 R6 q3 P3 v$ a* S; e7 N
. R+ O; G9 j: l& zWell, summer has come, and hard times at Nortel continue. * r4 K: `6 j+ Y& a' ?4 S7 f
Bad news: Both John and Jim have been affected by the layoffs.7 z4 h" y& j" P
5 X! y) m; w% ? \' F2 \Last week, in order to raise some cash to help through% j r8 \1 M- x& i& F
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
- k8 f; S) H2 B3 ? a$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
- [, |# [ t6 C {$ |# Zneeds their friend's during rough times), and as luck would have
/ G# @+ \3 v4 ^) c- ^8 K- Wit, there were two bottles of John's beer left. John, being a good,
6 }1 Y- V; S2 Y" u! Wcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
) R9 g3 d; S; h3 ^; Cthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 2 H4 S" S* q4 m2 m6 Y
got fifty bucks back out of it - you have nothing now.", he said. 5 G2 T4 a6 Y& |, V
4 t6 N: v$ R! ^4 d9 K' B"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
" ^$ p0 U- v( D& p& s! h/ h5 Padded as his other friend with
% g* Z4 |" e+ z+ ^+ H3 |the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.* H2 C- A! z$ Z' y5 M
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Upon arrival at the beer store, they unloaded the empties, feeling a
$ M6 j/ D4 Y3 K' a8 U$ F" Ylittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
/ }8 I6 g3 ~, ?1 Kbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
8 I9 {# E9 c( t/ o5 @9 @1 O; Dhe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you4 t& r; X" f! x+ Y. x
would feel if you just discovered that over the course of the last year, your $1000 stock investment
( g: O$ y: t/ l% C& n. ?left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. + l1 `4 D% w3 d6 x5 X
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I'll leave it up to the reader to come up with they're
, F3 z. ?0 }0 M7 Y4 U0 [3 A# oown "moral to the story".$ Y6 B# o# N" ^- r
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Have a nice day, and happy investing. |
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