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原帖由 如花 于 2006-10-23 13:23 发表
2 z" y$ M# G0 g9 G( ~" S8 ~) Y6 z' I& {如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
* t0 l- U6 V8 u" s6 P; rfor Nortel Networks, where in the summer of
1 {$ k' `; [ V N2000, there was LOTS of money around for bonuses). " K0 D3 g& Y$ V: ?/ x |; _/ V
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Jim, being an intelligent, financially concientious person, put the+ b7 q( l% a# X8 v& s$ M
whole $1000 into Nortel Networks stock. With his $1000, and the
3 x' ?- B* H" S* f. V/ `transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the + t6 W0 r8 x8 r: q6 k
Nortel stock climb and climb, he
9 Y6 I6 Q( e! Z: ffelt very good about this investment, happy that he is preparing for the future.# w4 c+ o2 L8 \! G- i
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John, being a more care-free sort, did something slightly different 0 p' `) Q2 _/ \2 I
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
/ M' a) ?2 U7 m2 Y! Bpurchased 33 cases of beer. John also2 J* G* }+ K: K
felt very good about his investment: 33 cases x 24 = is 792 bottles
- X2 N8 c+ ^! R( ?. f n: c S* M, }of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, , ]8 L9 ^% m& ~: t% `* v
calculated that he could drink about 15 8 {5 A& ^8 J0 {; q! t- \0 e* l+ w
bottles per week, and he wouldn't have to buy beer for a whole0 D5 I2 b$ e+ v1 n
year.$ d4 e/ ~# p- }, N# s3 O) b
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Jim, of course, was appalled by John's purchase, and berated him
! U' N/ w9 g# ]2 u2 ]constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
2 ~) t3 V. N' H( r1 \2 qdwindle. "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
& n7 [1 O% r# N% _* X Y! ?2 i& Jbasis, would reply, "Ya, it will. Hang in there buddy".
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/ d* ^/ z! b0 U: z& Y- a- u/ V+ n3 bMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
. Y: i; p/ t; b Bnoticeable 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 4 O9 C$ T0 ?' x# ]1 n
about half gone. Jim, being sure that the% O5 A& X( E4 q' } K
stock had hit rock-bottom, still was berating John for his frivolous
! }0 X0 ?( a$ K$ g" n8 J# Rpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 8 M \2 _' U; T! g) T
worth!!".3 V5 Y- F% I: c3 T
3 v& R/ z0 A% X. Z! HWell, summer has come, and hard times at Nortel continue.
" ]) s/ g# S0 jBad news: Both John and Jim have been affected by the layoffs.2 \* ~- ~' ^) s$ W% \1 `6 q
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Last week, in order to raise some cash to help through
6 e) w8 p. P$ h4 uthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
7 ^ `6 ?" H, G) D, d8 F$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
4 t. \& P8 I* Y. G: A$ Pneeds their friend's during rough times), and as luck would have
" k! Z; D. E) P- a$ m; ~it, there were two bottles of John's beer left. John, being a good,/ ]/ p7 u% q1 `- W% h% j' u
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ! g4 }9 |- b, t: G- g" ?1 O v" I
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I , \1 W [! }5 S5 `' E' Q( M
got fifty bucks back out of it - you have nothing now.", he said.
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7 [2 v: F6 B) H3 X"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
1 e% g5 ~6 a& h- {7 s5 r6 Gadded as his other friend with
3 \% ?8 e8 ?- {' h, C+ {the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.' f) n9 {2 s2 _
. j' [7 `% _/ u5 rUpon arrival at the beer store, they unloaded the empties, feeling a
+ [. D. d) f* {( [$ ~" slittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 # ^; s* j4 r! O1 g9 ?
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as& k1 d- u* k) K' n4 C0 O
he handed him the money. ! z6 d6 N9 y0 W
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Jim was speechless. Poor guy. Can you imagine how you ^8 F# B* Z w2 S
would feel if you just discovered that over the course of the last year, your $1000 stock investment + c3 [" T% t) l2 t- `5 o
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're8 c1 y% K7 Q2 K$ u# w" M
own "moral to the story".
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- |) c( l) G- ~7 D2 y( _9 \Have a nice day, and happy investing. |
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