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原帖由 如花 于 2006-10-23 13:23 发表. ^. U% e2 T: B4 v* h3 H
如果是买了nortel呢? + F$ K# g6 X& u' p* Z6 T' K
' t0 q3 W/ u- R+ QOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
8 J- u' B+ W. I& Z/ S# w/ mfor Nortel Networks, where in the summer of 9 X+ Q* Z0 M! J% a" I7 p
2000, there was LOTS of money around for bonuses). - _7 a5 B$ W5 v" Z4 \, G6 F2 ^* P
# Y2 f6 ~5 W2 c. y9 eJim, being an intelligent, financially concientious person, put the
: g' K e$ g' }! s+ ]whole $1000 into Nortel Networks stock. With his $1000, and the) z1 `% }7 S |1 W V4 A
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
* Y. y9 F; x+ c0 p J1 kNortel stock climb and climb, he4 n3 W' k: ^& I+ e( Z
felt very good about this investment, happy that he is preparing for the future.. @0 F9 R/ I% E: `
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John, being a more care-free sort, did something slightly different 9 Y- c7 P& S5 S. h; ?
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 7 A, k7 b& M, T, @7 q
purchased 33 cases of beer. John also9 m0 g8 } q/ v( C2 W1 N
felt very good about his investment: 33 cases x 24 = is 792 bottles! l! \1 }) O$ @& E% l' V: b
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, # }' j* |# q& o$ s0 S
calculated that he could drink about 15
8 B4 l" y2 J: l9 O \bottles per week, and he wouldn't have to buy beer for a whole
$ F S1 N7 V( C5 e- _6 Kyear.0 F0 L4 n0 W6 D
$ A* o- E n: g8 m3 Y0 AJim, of course, was appalled by John's purchase, and berated him+ Q9 C5 Z, l7 C0 F$ c4 G8 R6 V
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 5 W2 }, \( o% f0 y- W
dwindle. "It'll go back up", he'd say to John.) u8 e9 T7 n! N$ Y
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John, who has been reaping the benefits of his investment on a daily
' U; u/ }1 p4 c( Q7 Cbasis, would reply, "Ya, it will. Hang in there buddy"., M7 L' Y2 A. k) u# O* e- B h
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a 3 e& S$ ]- r) _+ P% v% t
noticeable dent in the beer pile.! ^ d: e% F$ H' p# {+ }
; d3 [% a+ S! T+ q0 W. P3 xMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was 4 |& k0 V+ o9 h @: }3 f! h
about half gone. Jim, being sure that the+ a5 u4 K! i- @# D, x
stock had hit rock-bottom, still was berating John for his frivolous
/ T# `4 F% E, X8 e2 gpurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be % q5 W- l1 ~% R
worth!!". d3 {0 V8 m: h& F) Z8 L& {
; ^9 I+ t2 J' D$ S$ G8 f2 `$ D
Well, summer has come, and hard times at Nortel continue. / @. n4 I& q# M. I |% j
Bad news: Both John and Jim have been affected by the layoffs.% K2 d- a2 o7 h" ?+ ^6 ]
+ D' F" \2 T1 e$ N
Last week, in order to raise some cash to help through `& c+ K/ e/ [! x- ~
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 7 t/ ?) P# a' I4 f
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
E& h7 M: m8 x- ?) f$ Kneeds their friend's during rough times), and as luck would have4 ^0 k# P& }: w% ^- U3 H0 t
it, there were two bottles of John's beer left. John, being a good,/ t! G, g$ R, v9 B
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ) `1 B- k" s6 X* k
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I 2 ^ l0 M/ W( w5 F& B, P
got fifty bucks back out of it - you have nothing now.", he said. ! w7 h' d" t0 a2 E
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
2 s+ S t. A' I9 z! m4 z& xadded as his other friend with% W/ t6 a" u# O9 P9 o+ q
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.* [( L4 K: U7 t5 @6 K
# K* v% M% q8 ?Upon arrival at the beer store, they unloaded the empties, feeling a
3 m6 d Z2 E& K. A7 Olittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 2 |$ W- n! d d& e0 e# i R6 l
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
+ x" ]) p% b5 jhe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
, ]9 E* @* |% E! k+ v7 Lwould feel if you just discovered that over the course of the last year, your $1000 stock investment / U: k) W& M' G1 e8 U$ D7 h; m$ V
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. % X1 c9 m- b# z! v! m
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I'll leave it up to the reader to come up with they're
- S) P" Z$ R+ k4 c. Iown "moral to the story".! J0 Y+ c! E5 i, R6 V4 c
$ Z3 b+ @& s6 f* }# uHave a nice day, and happy investing. |
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