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原帖由 如花 于 2006-10-23 13:23 发表/ M/ b% C, R' U$ s0 S) G H8 G0 Y. z6 u
如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
% ~0 k# ]9 y! M2 Y+ ^$ \% efor Nortel Networks, where in the summer of
( v" c3 i. c5 ]( `# |2000, there was LOTS of money around for bonuses). & I2 K' a% Q2 Z$ u! \: O5 k1 x
8 a5 [3 Z9 h1 [0 W$ nJim, being an intelligent, financially concientious person, put the6 M" B3 H+ j5 b, t
whole $1000 into Nortel Networks stock. With his $1000, and the5 T+ b0 H# c) b7 S
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ; z+ @# E4 \2 F( N! a
Nortel stock climb and climb, he
. q3 b+ P% y X% rfelt 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
$ l1 `, @5 s% a2 I" W& y V! Owith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
% R( u: [4 l5 z4 c( M& Wpurchased 33 cases of beer. John also
* Z6 |/ i8 D# ]* _7 ]1 G0 [, Mfelt very good about his investment: 33 cases x 24 = is 792 bottles
3 Q: I" t7 M j* Dof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
5 Q4 e1 D) h' m9 r8 ^# lcalculated that he could drink about 15
5 `9 ~3 k* Q3 \bottles per week, and he wouldn't have to buy beer for a whole7 o4 j! f2 J$ O: j! D( l
year.
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Jim, of course, was appalled by John's purchase, and berated him% H7 W0 x2 }8 V* H4 A7 @
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
, U5 \* B( A) ~ |" U2 Q5 e3 L$ s4 Vdwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily* ]# i& u2 p# p: z# _
basis, would reply, "Ya, it will. Hang in there buddy".* \9 f# {7 {. {( E1 n9 ]+ U
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a 3 D. k8 [& |& g( [
noticeable 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 ; h8 L* A9 ?$ a$ [' C
about half gone. Jim, being sure that the4 d, A- X$ T8 g `8 ^5 V% |* U5 J
stock had hit rock-bottom, still was berating John for his frivolous
7 k& x8 W! ~3 h9 W/ A! c4 c% K5 B- _purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
8 ]2 c) S# @ ~$ k5 } Zworth!!".- o3 G0 e4 O1 U5 a7 ^
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Well, summer has come, and hard times at Nortel continue. # D( Q) M) r7 X* k6 ^
Bad news: Both John and Jim have been affected by the layoffs.
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* ~: P, u: ] X- S, C% M7 b ULast week, in order to raise some cash to help through! v$ z& Q1 g7 ~3 j8 d
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
8 t Y- I- ]1 l) ]$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
; Z6 T! Q8 M9 Y' i2 f. B; g. ?needs their friend's during rough times), and as luck would have q/ x2 a1 k- N. ` R
it, there were two bottles of John's beer left. John, being a good,
; v" M- [3 R6 T7 A9 t9 Jcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated $ V/ U f9 s( M# r5 A4 E8 d9 N
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
/ ?) V0 V8 c q* f, Agot fifty bucks back out of it - you have nothing now.", he said. 7 `$ N. R9 T0 U/ T0 B& u
$ C. R+ {7 _- i( w/ y9 j8 _: j"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 0 v9 l2 M& E/ n& Y! A5 K
added as his other friend with
% `9 a+ D+ f; `* Athe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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: k0 x1 Z: a$ J/ ?: \, v9 zUpon arrival at the beer store, they unloaded the empties, feeling a: B$ ] k; P& d/ Z7 n9 W
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 7 k+ X+ m; L2 U. X) F: |% P1 |2 G
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as; D1 ]& o% _# a! O3 `# q) J+ e
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
9 Q; J; R0 l; N9 ?would feel if you just discovered that over the course of the last year, your $1000 stock investment
' }1 t8 L' [+ V1 `2 U6 V. \left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're) E1 R6 a$ T, U' v1 W; S
own "moral to the story".: u- b1 ~) D) P$ S7 `. A8 `
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Have a nice day, and happy investing. |
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