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原帖由 如花 于 2006-10-23 13:23 发表: a$ x/ c& ^5 ^4 a/ X2 [! h
如果是买了nortel呢? + ^( q& e) z# S9 L
7 @, W3 c% Y, ?8 f2 ?5 KOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work , O) h, @; U) h7 L+ y2 R0 [3 I* G
for Nortel Networks, where in the summer of $ D, }3 d$ [$ j' v) A! d( Q6 K5 C
2000, there was LOTS of money around for bonuses). $ Z/ N* Y- ?! M* [
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Jim, being an intelligent, financially concientious person, put the3 n6 n/ s5 A5 X0 R! H+ i
whole $1000 into Nortel Networks stock. With his $1000, and the
' p7 ^, h0 s+ x9 Ttransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
1 m. r/ \ N; @0 f4 P' P' CNortel stock climb and climb, he6 y% o/ w* ]3 K1 H B* L+ I
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
$ ]3 p+ L7 O. c5 _8 awith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
0 c( j7 @7 a! S/ Y( E6 @purchased 33 cases of beer. John also
8 x2 W; s1 n* |# _# p1 Q/ U8 {felt very good about his investment: 33 cases x 24 = is 792 bottles
% n. T* Z" v. b, ]of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
5 i( N, x9 q4 E4 @' y0 J+ b2 Ycalculated that he could drink about 15 / K2 r# j0 K! t, ~2 v" V
bottles per week, and he wouldn't have to buy beer for a whole8 N% r2 C I7 e" f- I
year.( c6 q) }: b. f* z0 q- ]; Q+ f
! D, u" w1 Q* J1 xJim, of course, was appalled by John's purchase, and berated him
; a. G7 Q3 x: L% Tconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
4 G& v' Y1 G; p' @- S0 |- U) }+ G& Xdwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily
9 d& @$ I5 P" r0 d6 `9 d8 Dbasis, 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 " f% z0 I- I. \: W# {5 N
noticeable dent in the beer pile.5 O3 R' z/ t' }, T; y( G
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was % ~* q' B3 |4 }4 M" M
about half gone. Jim, being sure that the
7 M7 {& i1 F5 n# Xstock had hit rock-bottom, still was berating John for his frivolous' H. x$ l' ~/ ]
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 1 B: H" k, f$ r0 r# z
worth!!".! A+ G% b! p1 ]0 l& \
& ]0 c7 H$ ^* i7 z; \Well, summer has come, and hard times at Nortel continue.
. z! e P$ S- S9 U7 `Bad news: Both John and Jim have been affected by the layoffs.1 m& z! I, \2 Y: c3 y+ z9 B: G1 j
( B4 G; a, |, Y2 I# S& S$ \Last week, in order to raise some cash to help through0 L6 v* l9 N: Z$ B% Q2 b
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the # I6 g! b0 G+ f! d
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone, X' f$ w7 ^6 ~0 ?; q/ ~8 c$ D
needs their friend's during rough times), and as luck would have
( X! |2 K* X- B& M9 A, ]it, there were two bottles of John's beer left. John, being a good,
6 H% r1 L- }1 j( Bcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ' A6 Y" x5 r+ K$ g) R2 O. o
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I + x% A W+ J+ n
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
- M/ b$ ^; s1 fadded as his other friend with
, W6 Z( g4 W ^- B' M, ]# a! ^the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store. \. S2 C1 G9 o( C1 s3 p
7 d5 g; f/ ?6 @Upon arrival at the beer store, they unloaded the empties, feeling a
& s" ~$ x7 i( ]4 D, |, Z& Klittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
7 R5 x n& w5 L; e. r& ^% ^- vbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as( ~& k# y8 ~; L& u
he handed him the money.
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! k- j& U0 D0 f4 p6 KJim was speechless. Poor guy. Can you imagine how you( s y& C, G$ ?1 c
would feel if you just discovered that over the course of the last year, your $1000 stock investment
& c/ Z" h+ {5 a1 N% Qleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ! p0 F% e/ \3 N5 S+ A- _% m6 @
5 g* @, P/ r7 i0 f e; SI'll leave it up to the reader to come up with they're5 [' w c& z0 \" ~! T/ O
own "moral to the story".
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Have a nice day, and happy investing. |
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