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原帖由 如花 于 2006-10-23 13:23 发表
. e% ^. M7 h4 W) s ]; S如果是买了nortel呢? 8 Y1 l: F/ X# h$ c* C8 n1 {( o
- b9 Z; X8 R1 k5 ~# M5 F5 P) U% ?On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work % _( k+ R J/ d& N' w9 v
for Nortel Networks, where in the summer of / b* Z6 {, }+ _. ]9 I* _: R; k" z
2000, there was LOTS of money around for bonuses). 2 t* [3 H) j0 V2 X1 a' v9 `
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Jim, being an intelligent, financially concientious person, put the9 |6 K7 F: m. l0 S/ u' ]
whole $1000 into Nortel Networks stock. With his $1000, and the
) |6 P) {* l, Q% O p. S3 M* P6 Ptransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
* d6 K! b6 Z [( y( fNortel stock climb and climb, he
# ~, ^# S! y- h7 @! Lfelt 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
' r6 C' \3 j( vwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he " v$ ?1 x3 i# Z- w/ Z0 I$ k
purchased 33 cases of beer. John also
% s5 K6 k) K* o* Ifelt very good about his investment: 33 cases x 24 = is 792 bottles
$ w- C* d% k1 {3 x! T" ?of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
0 s% r% ` L- w5 v5 ccalculated that he could drink about 15
- F9 t4 r: a% S& E8 N5 a. cbottles per week, and he wouldn't have to buy beer for a whole9 j* h9 b% P2 j1 O9 K) o
year.
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Jim, of course, was appalled by John's purchase, and berated him
: b* m' G. V" v+ i( A) a Econstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
0 X3 z% x* _+ g: |/ c& u: S: Kdwindle. "It'll go back up", he'd say to John.
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+ u. }% q8 {8 A& B; {& ?John, who has been reaping the benefits of his investment on a daily8 ]5 O3 t+ x* G# u! f7 K: u
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
5 W& \. O# g) rnoticeable 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 ( F* w7 y! {7 Q% e V( b0 [. P
about half gone. Jim, being sure that the
6 Q- ?2 {7 n0 nstock had hit rock-bottom, still was berating John for his frivolous+ ]; F# g' J1 s1 X3 |! G
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
& h* w! J1 E+ M! a* @' e! ?) tworth!!".! h: y* C" q. z% K8 a# |" T4 I4 V& u
0 u7 d$ K% O" M" v! W2 WWell, summer has come, and hard times at Nortel continue. ( q8 D& \- X8 v U4 @4 u, `2 B
Bad news: Both John and Jim have been affected by the layoffs.1 h/ s( d0 G/ M3 {5 K
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Last week, in order to raise some cash to help through
* h! N" P3 h3 o8 x' x- a& P' zthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the - s: _7 Z3 G1 b5 |' \+ m4 P
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone" O9 g1 @: K5 S% v) ~7 X1 | A' x! s
needs their friend's during rough times), and as luck would have
3 \" c( ~2 R+ ]0 M0 k; }1 Mit, there were two bottles of John's beer left. John, being a good,! X( T, A7 U2 D8 l2 M: H7 N3 I
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated . u+ m4 Z, p2 h/ F. r, ?" e
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I " H8 y* ]- D* b) L/ @5 F$ x: `/ S
got fifty bucks back out of it - you have nothing now.", he said.
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' e$ I: W, }; q! `: ~9 S7 \( m"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he ( {4 {+ F0 {) [2 `$ S+ \6 j. Y
added as his other friend with
0 A; B2 z& g# _' f/ ]$ vthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.5 v& ^# f3 w P! c# W/ P
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Upon arrival at the beer store, they unloaded the empties, feeling a
r% N5 p9 E9 U1 flittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
7 t2 c7 v: M% ^1 v! B9 K3 H) T ~bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as- W: L9 E+ Y$ n( }! \$ z( x0 g
he handed him the money. ) T3 W# G+ y0 u V1 b5 t% U. r) E4 \
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Jim was speechless. Poor guy. Can you imagine how you
( s2 o; n! \7 o1 p9 Z5 ?would feel if you just discovered that over the course of the last year, your $1000 stock investment
4 A6 `# V- `0 Yleft 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; k5 |# s V- ~7 N
own "moral to the story"." c0 H p- F5 H* {- f
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Have a nice day, and happy investing. |
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