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原帖由 如花 于 2006-10-23 13:23 发表
: O& V5 B; V; D* R' C如果是买了nortel呢?
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0 d) _9 T" I2 m" R3 e/ w# \5 K0 V. \On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work . |8 S) W( u ^. H- e2 h
for Nortel Networks, where in the summer of
6 _1 N0 K; ~6 ^6 l1 o2000, there was LOTS of money around for bonuses). ! `. s$ M% `& t$ A
$ S/ e: B/ |- G; G$ w: sJim, being an intelligent, financially concientious person, put the( [4 x1 x6 r ], o6 F1 X
whole $1000 into Nortel Networks stock. With his $1000, and the
3 B+ o$ _& h# X9 s0 w o) utransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ! k* x; Y# y$ j# N0 T! T0 A+ a
Nortel stock climb and climb, he) n# D3 B+ [2 V# S3 S# Z
felt very good about this investment, happy that he is preparing for the future.
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) U2 [( f$ {0 p9 T8 _. I5 j$ [% a x. oJohn, being a more care-free sort, did something slightly different * c% w K# y1 [* c5 ?! {# L
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
" `' q3 x+ `; ?- {purchased 33 cases of beer. John also
; }0 L# }& P+ H+ U$ g/ Ufelt very good about his investment: 33 cases x 24 = is 792 bottles
k3 O( R5 c2 u6 M* ^of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
& l' L, |+ J$ b2 A1 }( Vcalculated that he could drink about 15
8 K: Z/ ~* r1 q; k' J0 Fbottles per week, and he wouldn't have to buy beer for a whole
9 J5 @$ A$ g7 f* X) ~% Lyear.
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2 n8 L7 z @5 `/ I* ^7 }( a+ @) OJim, of course, was appalled by John's purchase, and berated him& \- E: l3 q g" x2 |- M
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
6 P/ ^+ i% B7 Jdwindle. "It'll go back up", he'd say to John.8 }/ n8 Q6 i: F
$ G' k: ~; E; }! x/ t5 b5 kJohn, who has been reaping the benefits of his investment on a daily, o6 ~0 E7 _6 e' g8 Y
basis, would reply, "Ya, it will. Hang in there buddy".
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! W! _: D' C+ u- E; \. m! r9 AMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
& P L; ^0 `3 `0 T5 r: Hnoticeable dent in the beer pile. ~! Q7 @! U- z( o; T$ w/ x) z
. J) U& S' c# v: y1 ~* O; O- X' FMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
9 P) L$ G( N: `8 Pabout half gone. Jim, being sure that the
# A, }6 R) w( z& [, qstock had hit rock-bottom, still was berating John for his frivolous1 a% ^, R, u$ u1 P* {; L
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
" C, ^0 v$ U4 \8 X- Gworth!!".
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Well, summer has come, and hard times at Nortel continue.
$ T, X0 n/ E+ {! U& ^( |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 through
: t7 m" D' W. B" Dthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
- X' Z6 v# h0 L8 B7 ]- a5 h% n: _$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
4 M( x. r. a3 T+ y. A0 e3 kneeds their friend's during rough times), and as luck would have5 N) E# \: i0 _$ ~, _5 e1 W
it, there were two bottles of John's beer left. John, being a good,
1 v t0 e2 ]& [- ?; B! p& l8 b3 _compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 9 z" R. n+ x7 \3 D Q7 ]# ]( T
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I + X4 s$ k T. V* H% j* l
got fifty bucks back out of it - you have nothing now.", he said.
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4 F% I# S2 `' x* h$ ^) ^"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
9 V2 k B% ^! T# g3 m/ c7 Oadded as his other friend with9 r4 s3 I8 ?* U- i" O i2 \
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.4 W4 F& ^9 F7 Q6 ^" O0 k" ~
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Upon arrival at the beer store, they unloaded the empties, feeling a
, u% C! _4 ]4 |- L) l$ I. |* o. Wlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
2 B0 T- S, u5 I( i/ P+ n/ Bbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
' s( h9 W+ H0 s3 Q8 Y! a) a' Yhe handed him the money. 1 T8 R& ]% E: m( o3 E( @6 a9 _
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Jim was speechless. Poor guy. Can you imagine how you2 ?) w: v- v' I! Z: B* Q
would feel if you just discovered that over the course of the last year, your $1000 stock investment
1 ^, \) N7 y' v1 Qleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. : B- M- `/ i6 z6 x! w1 V1 [
R+ n. j& Q) [I'll leave it up to the reader to come up with they're
- c6 }2 @0 M. ^1 ]" @ U+ |6 Jown "moral to the story"./ P* s) _1 ^- I/ ]
/ F, c( }4 h" D( r/ \2 ZHave a nice day, and happy investing. |
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