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原帖由 如花 于 2006-10-23 13:23 发表
/ R2 O- S; g9 ~* Y+ n, X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 . ?6 z. g; ]0 D' e5 }9 J/ }2 i6 I
for Nortel Networks, where in the summer of
) z6 _3 K# O7 H% M2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the
) c% b8 o+ H. W+ z" nwhole $1000 into Nortel Networks stock. With his $1000, and the5 S! N% |% ]1 G4 L, g! q% c$ k: k
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 8 W. z) G( _) s
Nortel stock climb and climb, he4 s) l0 U' G6 D/ z" V
felt very good about this investment, happy that he is preparing for the future.
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7 ^% I2 f* g! H% K X0 N6 sJohn, being a more care-free sort, did something slightly different
, t0 n! W, W$ V: `& k) G4 c3 `with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
. ^' B1 T( y; L D) [, h1 vpurchased 33 cases of beer. John also. D2 G7 R2 {' K/ m& O* p! S
felt very good about his investment: 33 cases x 24 = is 792 bottles
! q: U1 z3 r/ C& Aof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, 3 z% s5 T e: i
calculated that he could drink about 15
( T7 d! T9 y" T# v4 ^1 {. H$ q7 Ubottles per week, and he wouldn't have to buy beer for a whole
3 J- \( G& l4 D! P8 ?year.
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/ |7 b3 k4 n4 pJim, of course, was appalled by John's purchase, and berated him3 ]4 U8 Y7 M/ W+ f8 D% _) T
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
: Q% H( t: M |# g# {0 @dwindle. "It'll go back up", he'd say to John.9 A4 r! x0 ~. F% A& m" ~
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John, who has been reaping the benefits of his investment on a daily
8 H: G- {) L/ x& B3 o; L& bbasis, 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
0 J+ Y& _' B. d! d1 {) dnoticeable 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 `, o. _. k* Q1 B/ i7 Z) I
about half gone. Jim, being sure that the% L: t7 F9 Q: q" j) O
stock had hit rock-bottom, still was berating John for his frivolous
2 `+ ^5 Q& U1 o8 i1 C0 Z, c* ^" Qpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
! c {) U0 }: f+ s+ }, H; Rworth!!".
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Well, summer has come, and hard times at Nortel continue.
5 w5 o+ ~( \0 q+ Z- zBad news: Both John and Jim have been affected by the layoffs.) p6 c# {/ K" b( \% Q1 y( A, [9 X
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Last week, in order to raise some cash to help through
1 T7 z: F, n7 z9 f# ^the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
, v7 F5 y% G6 A$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
, l% B2 O' R2 e) mneeds their friend's during rough times), and as luck would have
9 x1 E5 Z) ]3 X! ?# u i+ X4 |: {it, there were two bottles of John's beer left. John, being a good,
# W- ^. P$ @+ ucompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
# z1 v, w Q/ p# O' {1 m* nthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 7 f3 o6 y% M# c5 t* H6 A0 ]
got fifty bucks back out of it - you have nothing now.", he said. 8 s. B. F( Q* |0 z$ Z
- M. ^: q7 ]. Q6 q/ }3 \"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he * A7 @% o3 A, H8 k( |) z* [
added as his other friend with" {: r$ G, M) N
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 a) \7 l: V) J5 [& X) e! `1 U
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
/ [: ]$ E5 U9 Bbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
5 K: q. Z1 J# C$ f1 fhe handed him the money.
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& `# ~: r" B1 t9 J7 D% Z% ^% n# u. yJim was speechless. Poor guy. Can you imagine how you
, U( b( i2 |' j% Q R# _would feel if you just discovered that over the course of the last year, your $1000 stock investment . Q5 B9 b6 h$ d" L2 u/ D" T' m
left 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're9 k* s/ z# f3 v, p; L' o: N- \
own "moral to the story".& J" b" W5 l7 g6 J9 A- w' v
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Have a nice day, and happy investing. |
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