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原帖由 如花 于 2006-10-23 13:23 发表
/ @% l6 r4 v/ n7 Y5 [6 L5 D( u1 G. T如果是买了nortel呢?
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3 g) N. ]' C6 r2 b: _' ~4 u% [) ^+ G( hOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
* l) F) w' z- @) R2 wfor Nortel Networks, where in the summer of
( s: A+ c; S: |* p2000, there was LOTS of money around for bonuses).
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# ?7 v& Y" Z' W9 @0 }; S( M; R( F9 KJim, being an intelligent, financially concientious person, put the& S1 s) m7 D* j" L7 @
whole $1000 into Nortel Networks stock. With his $1000, and the; ~6 a& z/ w* z
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the & F0 R* K- j6 [5 n3 u
Nortel stock climb and climb, he
- v' H, X. W* e* O' `3 hfelt very good about this investment, happy that he is preparing for the future.
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5 N% h0 n. z2 b8 aJohn, being a more care-free sort, did something slightly different 9 P' f# o7 y$ [: B1 y3 |! x* E
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he ! h- u$ R2 N$ H/ b" y
purchased 33 cases of beer. John also( c: S+ p% y/ Q# @) d3 [, l5 y
felt very good about his investment: 33 cases x 24 = is 792 bottles
3 H+ M5 k! @1 Fof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
2 N# V- u% {, P' D5 Ycalculated that he could drink about 15
/ A$ ?! B8 B! q: |bottles per week, and he wouldn't have to buy beer for a whole
9 I0 p5 K5 @' Z' l. T; Iyear.
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Jim, of course, was appalled by John's purchase, and berated him! e+ U7 e, w* ^. e6 C5 {
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
% ]8 s) U4 }* J/ G" A0 ]" j3 g) rdwindle. "It'll go back up", he'd say to John.3 R, X" u8 `1 _' \7 k
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John, who has been reaping the benefits of his investment on a daily
- z: Q4 v1 ?/ }+ _0 n% Ubasis, would reply, "Ya, it will. Hang in there buddy".
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# u: |6 U4 [0 S4 \' G( @: N jMonths went by, and the value of the stock continued to fall, and there was the beginnings of a ' G+ y: _3 L1 r( }5 {/ c
noticeable dent in the beer pile.) U: G/ L' n q" E. n
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was ' g% F/ {" b% m' [" l
about half gone. Jim, being sure that the
+ Y0 i% O, \. Zstock had hit rock-bottom, still was berating John for his frivolous$ X8 T& b7 f' N6 o4 m
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be R- Y6 q1 N% G4 Y# u
worth!!".
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Well, summer has come, and hard times at Nortel continue. 1 [5 _6 @, Z3 s1 M' o' t" w
Bad news: Both John and Jim have been affected by the layoffs.' h7 p4 ]& Q |- c
- h1 j: a" m, j9 m9 x2 }Last week, in order to raise some cash to help through
! G$ b' o! {5 y0 L4 Nthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 4 n+ t9 ?/ f' g7 o! ] ]0 f
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone7 ?9 S3 v' y% r/ V2 B, p3 Y8 r5 [
needs their friend's during rough times), and as luck would have
" K4 s2 d0 m3 w7 yit, there were two bottles of John's beer left. John, being a good,. ^9 e8 M, n" W5 s, w' |
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
" {( A, u- ]# c9 cthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
; u0 @% Q5 L# B( Lgot fifty bucks back out of it - you have nothing now.", he said.
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+ m/ ^/ U) t5 p% F* |! t8 y: _1 G"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he - Y. ]& i3 r4 E. C
added as his other friend with
0 S9 w$ e; x) l$ [9 [ |the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.. ?- {0 \! R% t
8 t% P0 x9 ~3 j- V: AUpon arrival at the beer store, they unloaded the empties, feeling a$ R- I6 R' N( {7 ^: {. D, F
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
3 j6 y% h; W/ A8 I- fbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
[5 o1 Y( Z+ J" G. x/ Ehe handed him the money. . L) n" w. W4 Z! {
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Jim was speechless. Poor guy. Can you imagine how you+ Y5 h9 S. ^7 D. W" v
would feel if you just discovered that over the course of the last year, your $1000 stock investment
4 U3 j+ r, l$ \$ H: Lleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. 7 e5 q' x" i7 _% k# J5 o
* z, e6 l/ r( b% X: c' a; Q2 ~* ~, iI'll leave it up to the reader to come up with they're
. ]8 G" R' J/ @4 ?) Rown "moral to the story".1 L; Z, s$ P$ |) K: }4 K2 o
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Have a nice day, and happy investing. |
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