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原帖由 如花 于 2006-10-23 13:23 发表
4 Q: F9 M2 P u3 k, C# w6 I如果是买了nortel呢?
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) v/ }3 U" R1 p5 E* v+ X2 m4 ]On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
9 m- \7 @- v7 b& F2 Bfor Nortel Networks, where in the summer of ! u1 u L; D1 d* A
2000, there was LOTS of money around for bonuses). " U6 q% l/ j. t1 I1 Q5 @- b/ ]1 O
! I( L, O- @# l; b9 I9 s$ JJim, being an intelligent, financially concientious person, put the
; d+ h* r6 F, }0 _- A% ~" [6 xwhole $1000 into Nortel Networks stock. With his $1000, and the5 \3 E& J$ p$ T# j
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the / a8 q4 ]& ~' Z- O9 J1 e
Nortel stock climb and climb, he
+ ~8 N) a4 O; z" g; zfelt very good about this investment, happy that he is preparing for the future.
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; }% i, @. u7 }5 D/ \& WJohn, being a more care-free sort, did something slightly different
2 t6 e9 K, I$ [9 lwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he $ N6 P' V7 O0 A7 n3 i
purchased 33 cases of beer. John also
1 U# @: B+ v- { X0 mfelt very good about his investment: 33 cases x 24 = is 792 bottles* w* Z; U6 H( C
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
7 Q- o* w% b* r- ^calculated that he could drink about 15
" h7 O; j* _9 d, C4 @# Abottles per week, and he wouldn't have to buy beer for a whole+ D8 k' o& i) k4 b- Q' `, O1 V5 x
year.3 D$ S5 j8 y% `% l: ?. g# B" |. Y& c
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Jim, of course, was appalled by John's purchase, and berated him S2 a8 S& E! b+ f" V
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
9 g/ h$ F0 e% f! y- ]" z! Hdwindle. "It'll go back up", he'd say to John.
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7 X" G" Q* x5 XJohn, who has been reaping the benefits of his investment on a daily& @, U4 G/ n1 m* T
basis, would reply, "Ya, it will. Hang in there buddy".! q5 f% y$ X& ^8 G d6 l9 _
9 P7 V. x, ?- `7 A. z/ S3 [$ ^Months went by, and the value of the stock continued to fall, and there was the beginnings of a
! d, X6 h/ I+ Q& x1 R/ A$ x- Pnoticeable 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 ( Z/ D" H3 G, _% z: `: @
about half gone. Jim, being sure that the+ w. r8 U# E0 b" L/ S1 t5 t
stock had hit rock-bottom, still was berating John for his frivolous! @, ]7 n2 N6 r9 v f0 c
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
7 I6 I, F! {; v6 w. V% Pworth!!".
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; A7 n6 M/ @8 x/ R9 mWell, summer has come, and hard times at Nortel continue. ! O3 K: `( D+ t' i# X1 F: i' n
Bad news: Both John and Jim have been affected by the layoffs.
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+ x3 r+ z+ @- W" p. KLast week, in order to raise some cash to help through
! n4 t, n3 s( ithe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 4 h* i9 {1 z) E
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
% U9 Y5 k3 C& g0 E+ h, P& Q$ Ineeds their friend's during rough times), and as luck would have% m4 p6 E# s+ g
it, there were two bottles of John's beer left. John, being a good,
2 J- W$ a: N; Gcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 0 o6 A' k% A; z3 \
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ) I/ T% W9 c* i' v+ L t0 K% v5 E
got fifty bucks back out of it - you have nothing now.", he said.
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' Z# P6 w1 O9 T+ |( k( V4 E' u3 O& F"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
E3 X$ N, J. W8 p3 c8 madded as his other friend with
# t2 a) `, V0 \. ]1 Q0 zthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.% ] |2 n Q) M5 N; ^
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Upon arrival at the beer store, they unloaded the empties, feeling a
7 `- X. ^/ p' X f) I- r; rlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 ! _* `. U8 o3 z7 N5 F
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
: h, g. K* p# i3 Z2 q( A6 b! e3 rhe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you4 v+ u- Q8 ^# K, X# e9 y
would feel if you just discovered that over the course of the last year, your $1000 stock investment
! @( ~ K8 D! [) _% R( yleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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3 ?% ~8 o' m& J; KI'll leave it up to the reader to come up with they're) X4 g2 b8 B$ s+ A1 d
own "moral to the story".
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6 R* t, E5 |; B9 H/ H( XHave a nice day, and happy investing. |
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