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原帖由 如花 于 2006-10-23 13:23 发表" Y9 E5 S* P; i
如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work " [- L) M" J1 u- Q
for Nortel Networks, where in the summer of ) r( A# @" X9 D1 [+ k3 `, b
2000, there was LOTS of money around for bonuses).
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$ F8 L( O: u& h! O% e9 uJim, being an intelligent, financially concientious person, put the
( y4 t \) s4 Q( E" M0 H- k0 J/ `) jwhole $1000 into Nortel Networks stock. With his $1000, and the2 X D, @7 M& X6 m" D* U
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 6 j2 X" R$ N( f' `
Nortel stock climb and climb, he
! g! W% G. J) i. w- dfelt very good about this investment, happy that he is preparing for the future.7 Y5 C: T' M0 j0 t# u) c' T
) c5 n# ]2 l% _1 nJohn, being a more care-free sort, did something slightly different
; [2 `2 h; \9 @, uwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he ; S6 e x( ^; N; M
purchased 33 cases of beer. John also4 p( _* |% `2 y, q3 ^8 z% a5 Q6 f
felt very good about his investment: 33 cases x 24 = is 792 bottles
" y3 y, P0 O5 cof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ) p5 g. D8 J2 I$ v- j
calculated that he could drink about 15
/ ]+ c% p6 N3 T% Mbottles per week, and he wouldn't have to buy beer for a whole4 D( I: ?0 y* V6 \+ M2 ~) T; a
year. y$ K; R: s* y) _) g& n) q. f
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Jim, of course, was appalled by John's purchase, and berated him
; ]& T7 j% s6 e7 Fconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to + k& @$ p/ H3 y# s* M
dwindle. "It'll go back up", he'd say to John.
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/ y3 r+ H% Z% i' }John, who has been reaping the benefits of his investment on a daily/ Y# P& W/ E7 S7 k9 ?. o
basis, would reply, "Ya, it will. Hang in there buddy".' V+ g% J* s" ~9 L
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a # t0 r \& ?3 ?
noticeable dent in the beer pile.
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6 ]: h. l5 D- A2 b4 sMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was & J; k! m5 u2 ?) A# [/ ?3 `
about half gone. Jim, being sure that the: C0 B. Q/ G. v% z- c# Y; W
stock had hit rock-bottom, still was berating John for his frivolous3 a: ]7 ?) g& [ l% @8 D, y
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
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g' Q( a. T) }6 K: U! hWell, summer has come, and hard times at Nortel continue.
- B/ c* T& b* ABad 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 through9 |7 n4 t4 _$ ?' N
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the " C: P' R5 M' M O) x& p9 r
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
# ^0 C! I* A/ dneeds their friend's during rough times), and as luck would have
2 l, v6 ?' [1 k7 f2 `it, there were two bottles of John's beer left. John, being a good,0 \7 t6 O# V7 U# H* i/ N
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated + {1 z& V! X0 X' Y9 ^
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 5 V/ m1 w- j3 q- f" g5 j
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
" ] A, p- \) S2 B; uadded as his other friend with
/ s" Q9 L$ t- Y% `+ q Dthe 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 a$ W0 G7 N" s$ d7 l
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 * [0 w5 q/ P9 v' }* h7 _2 Q: B
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
T' P( A( C) ]5 ?5 m# d6 ~he handed him the money.
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* E: w1 B. ?$ AJim was speechless. Poor guy. Can you imagine how you7 T* q ^$ ?# y+ @3 k
would feel if you just discovered that over the course of the last year, your $1000 stock investment 0 s4 n. ~2 S W' V3 m3 f
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 7 H# H x |( S6 z
" {2 S9 j5 c. K1 vI'll leave it up to the reader to come up with they're
' w1 q4 ~+ L/ n: jown "moral to the story".
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Have a nice day, and happy investing. |
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