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原帖由 如花 于 2006-10-23 13:23 发表
3 ~9 m+ Z& p. l! }( [# @- C如果是买了nortel呢? " E7 I A3 }9 V( G- v0 |
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work ; |& U. `5 d/ C' M
for Nortel Networks, where in the summer of
4 J# _& h; J# q- ] H2000, there was LOTS of money around for bonuses). / f, T& m; W$ }: Q$ H1 W
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Jim, being an intelligent, financially concientious person, put the
/ ]0 N r. H. V. F; owhole $1000 into Nortel Networks stock. With his $1000, and the
0 _7 H1 B+ [$ d) _( ?6 V" g0 gtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the $ _$ c) \' F) |: ~2 h' z6 q. ^* E
Nortel stock climb and climb, he
' y8 U9 ]- A8 | H2 Zfelt very good about this investment, happy that he is preparing for the future.: Y8 O8 P# V* N* |% j
2 t6 n/ s( t* n% G! VJohn, being a more care-free sort, did something slightly different - _0 t6 @9 ` h- ]5 K' k' _% A
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he & K6 f" h9 b$ ?
purchased 33 cases of beer. John also! p0 {, q' y/ ^$ Z; H. E: |
felt very good about his investment: 33 cases x 24 = is 792 bottles
6 L' x1 O; c4 I" P! D. Zof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
, B+ H" s5 S0 S" Fcalculated that he could drink about 15
+ z! S! s1 b% M# s; B) O* Nbottles per week, and he wouldn't have to buy beer for a whole+ N" G1 V% t* \ F8 e. ^
year.
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Jim, of course, was appalled by John's purchase, and berated him
. y4 t8 w0 m3 O j% |constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
# {1 ~; N, b; D6 y. ~dwindle. "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 daily4 b, g% ~1 w" \: Q0 `2 {. `
basis, 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
8 H. g: ]9 w7 [/ n# cnoticeable 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 ! n9 I9 x$ A+ u5 S* v' [
about half gone. Jim, being sure that the4 C1 O* V! B; V. o) I- p
stock had hit rock-bottom, still was berating John for his frivolous
; @6 a9 Z4 a6 N- s& Gpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
; ~0 L$ J/ p( J4 {2 f2 yworth!!".
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Well, summer has come, and hard times at Nortel continue.
1 e" w" E4 l+ A- ^Bad news: Both John and Jim have been affected by the layoffs." d6 S6 w& n7 k/ s$ V9 K; \
6 ]! {) F) p$ oLast week, in order to raise some cash to help through
0 c$ {/ s, h6 U" f8 Hthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
. ~: _& m2 D7 J2 E9 O# \. ]5 a$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone# D: @7 x+ m+ I5 D6 R
needs their friend's during rough times), and as luck would have
4 t# @5 C9 T- W$ \7 h6 i5 Rit, there were two bottles of John's beer left. John, being a good,
; j9 C# @% H7 l5 K" u$ }compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
( j3 {4 X0 W+ O8 ~; _ @" Fthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
8 c" P, Q7 u3 v, \: i' Kgot 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
1 G0 U( \* z8 r4 u0 F' badded as his other friend with$ b9 J7 `$ O% j+ o
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.! v: W0 }( F5 D `
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Upon arrival at the beer store, they unloaded the empties, feeling a9 W9 U" }2 C# Q T0 x$ }/ `3 f
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 + Y. W/ d- w" b0 A8 k1 A) A$ \7 g
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as- \" y' C9 ]$ [
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you" l; \2 e' m* D6 D4 e
would feel if you just discovered that over the course of the last year, your $1000 stock investment ) ]" c0 b* z( E$ g; v/ ?
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 3 v8 x5 ]# w! h& J# |8 p9 S
0 I+ C+ b/ O# ?6 ^- O9 rI'll leave it up to the reader to come up with they're. [4 g0 l$ x7 X( Y, R
own "moral to the story".: h' F: C/ j( L' B+ s
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Have a nice day, and happy investing. |
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