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原帖由 如花 于 2006-10-23 13:23 发表& F, v, o( A) ~+ u E8 v
如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 8 {. q. U4 c; c0 {& ^! I" E
for Nortel Networks, where in the summer of
* ?" @+ W) G" |/ v) g; D2000, there was LOTS of money around for bonuses). , I6 a6 n+ B6 e$ `% p
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Jim, being an intelligent, financially concientious person, put the5 `3 R5 T6 z' K1 S
whole $1000 into Nortel Networks stock. With his $1000, and the
6 u4 y) C; x; R! y4 V3 v8 ]transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 3 b0 ], [/ {$ l7 h* r- J
Nortel stock climb and climb, he
5 S( H, p* T% r# v) I g5 q7 U nfelt very good about this investment, happy that he is preparing for the future.; x5 d. P3 P* x1 [' ~+ W: x* p
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John, being a more care-free sort, did something slightly different
( p& X' Q9 q7 q5 _7 ?- @3 {with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he ! q8 Z% y/ u$ u! w+ D, |5 a- |
purchased 33 cases of beer. John also
F+ @) {) ]& a k" w* \1 Tfelt very good about his investment: 33 cases x 24 = is 792 bottles
4 Z) y" s/ s# s/ C7 O8 Yof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, + g/ G( x; k- y B* q, E7 P4 R
calculated that he could drink about 15
0 M" F% {: t, [1 Gbottles per week, and he wouldn't have to buy beer for a whole! V& Y0 k8 o5 \. n/ n6 T8 S0 m
year.
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6 l9 p# C! z# F; O7 p7 n1 JJim, of course, was appalled by John's purchase, and berated him3 Z6 z+ N- F/ v! d
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to + `8 f/ T j9 m7 _/ o
dwindle. "It'll go back up", he'd say to John.! ^0 g8 c5 _# S a5 }
, Y0 o4 |* T; {+ x! x1 R$ |John, who has been reaping the benefits of his investment on a daily
9 ^: v, R7 b9 y3 J- e+ Y+ B; Y1 ~2 pbasis, would reply, "Ya, it will. Hang in there buddy".
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7 Q- [8 w1 p5 K% vMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
& {- g( f7 a' H7 l8 ?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
! D4 Y. W' o3 j$ @0 d; wabout half gone. Jim, being sure that the
" c7 b) H# W0 wstock had hit rock-bottom, still was berating John for his frivolous
; j6 U& K+ K! ?& p$ G0 W4 c% Bpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
# F$ H7 w, ?3 }: w. }worth!!".* x ?% n& L* k- X2 R$ g% {
% j U! e/ |2 TWell, summer has come, and hard times at Nortel continue.
# E" q0 ]* s( l2 {0 RBad news: Both John and Jim have been affected by the layoffs.% k1 G x' j: |0 g. ?% Y# V
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Last week, in order to raise some cash to help through j3 G" {" \9 b/ m
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
2 n( I5 k: ~. ~9 f$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
. q4 G3 d* a4 r5 W2 kneeds their friend's during rough times), and as luck would have/ y9 |- p* s% ?2 F/ H9 t
it, there were two bottles of John's beer left. John, being a good,1 o) v, Y9 E' C2 X: D2 U
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
0 O# z$ O: h2 ~6 b cthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I + ~$ }. ?9 w+ e& V; E& x. L8 Y
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
$ v8 ~# e+ f/ x% i9 T* ]added as his other friend with
- C$ a- ~% S& r# Y6 Cthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store./ t Q* P8 _# U2 l3 c
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Upon arrival at the beer store, they unloaded the empties, feeling a* S; }+ Q4 l! ~
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
5 t2 U, N; c6 ]4 o* W# v6 Zbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as# z% N0 J% z+ f. ?
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you+ @$ v- ? P9 O% x, r! {
would feel if you just discovered that over the course of the last year, your $1000 stock investment
% E7 h# m2 D4 C* o8 ?left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. o. T7 b& h! j0 r% c
% l; q* J3 M/ j) Z4 w, iI'll leave it up to the reader to come up with they're
2 ]* @( @$ D& P: s; W8 town "moral to the story".
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Have a nice day, and happy investing. |
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