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原帖由 如花 于 2006-10-23 13:23 发表' z0 T6 a7 t% j4 o
如果是买了nortel呢? " ^/ e, n) w, q4 T9 p) |5 |, \
5 O" N, h$ Z2 A* POn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
' O9 }: K0 K6 u/ Cfor Nortel Networks, where in the summer of ; u4 h5 l9 f( Y
2000, there was LOTS of money around for bonuses). ; M4 q8 c) c3 K4 o0 r: A1 `
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Jim, being an intelligent, financially concientious person, put the
, m2 V" J, t( P/ Y) z! zwhole $1000 into Nortel Networks stock. With his $1000, and the6 f' k }0 ^0 f% P
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
* f' w$ n! p1 [8 mNortel stock climb and climb, he
( y, Q' m& g& ~) e& D* w- Vfelt very good about this investment, happy that he is preparing for the future.
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, i3 T2 \" H2 \0 J5 hJohn, being a more care-free sort, did something slightly different : t, [& o9 ?- Z3 \! I/ n# W) K
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he + z2 [4 d# k1 z! P8 r. N$ b
purchased 33 cases of beer. John also/ c+ _8 H" e% r2 |1 T9 o
felt very good about his investment: 33 cases x 24 = is 792 bottles0 s, P( I1 h2 f
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
; f _# E) Z3 @( dcalculated that he could drink about 15
3 `) e+ ^0 ~9 e+ s2 y2 [bottles per week, and he wouldn't have to buy beer for a whole" f X4 w5 X* R% A
year.
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$ Z6 H& L1 ?6 z. `7 a0 g fJim, of course, was appalled by John's purchase, and berated him
0 o X! U+ W( ^9 B# ]/ g6 S4 Fconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
- x/ X, F1 K3 n! p5 Kdwindle. "It'll go back up", he'd say to John.
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' [2 C# N% b( _+ KJohn, who has been reaping the benefits of his investment on a daily
$ c1 o2 m( ]$ a0 D3 }8 Ybasis, would reply, "Ya, it will. Hang in there buddy".0 [1 {. c' c2 `/ ]
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a
6 m4 _' q$ H8 n/ j/ k- Vnoticeable 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 ' J6 q7 [* M' U1 \. S8 a2 y0 e
about half gone. Jim, being sure that the
6 q t) ]& _7 Z8 r; x( A9 I. Estock had hit rock-bottom, still was berating John for his frivolous3 z& W7 x0 f: \7 F7 k! \
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
& V- H( @/ ~ |6 [4 b* s4 }worth!!".# v1 D% ^& L9 \# k* N' q% Q/ J
; j0 }5 f0 O7 i5 HWell, summer has come, and hard times at Nortel continue. ) ^ {, }2 Y: ], ]" z
Bad news: Both John and Jim have been affected by the layoffs.
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Last week, in order to raise some cash to help through2 I, }* B5 U$ }/ U9 |
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 9 W/ s) B9 R3 s* G0 n I) i
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone* k( C9 D; Q+ B+ x- `0 _
needs their friend's during rough times), and as luck would have3 E. `+ \4 c% X9 c8 Y
it, there were two bottles of John's beer left. John, being a good,
! o6 R! s' G. J, ^) N# W+ }, N% Pcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 3 j T- n1 n1 H. u* G% ^
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 4 q- V8 I7 M6 z& o
got fifty bucks back out of it - you have nothing now.", he said. 4 o1 L+ g# O: X" I: Q& @7 X$ J
V0 w; L2 [! ~2 Z( u"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
0 i' ^5 {5 X+ f o- d" t/ i4 Tadded as his other friend with
2 o4 a+ x/ L9 V# b* D3 x1 i% {the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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Upon arrival at the beer store, they unloaded the empties, feeling a5 x9 q! X/ m9 C# h
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
! @ q4 B+ `" Ybottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as4 X4 [2 G: f' ?
he handed him the money. % s6 q. V: S. G8 p, [; @
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Jim was speechless. Poor guy. Can you imagine how you" v% {/ f7 y- n/ p& j" v$ A" I
would feel if you just discovered that over the course of the last year, your $1000 stock investment 1 U* S: j/ K0 c. m
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ( J) h H. l' t1 j$ V
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I'll leave it up to the reader to come up with they're( _+ f* c) M( _# I. d
own "moral to the story".
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Have a nice day, and happy investing. |
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