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原帖由 如花 于 2006-10-23 13:23 发表4 H7 S# r$ \2 y4 S' \8 z# d# e
如果是买了nortel呢? * w5 ?! F/ z5 f. X5 U% H4 F/ R
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 3 t8 [" ^5 G4 |9 p J
for Nortel Networks, where in the summer of 5 B% m" P( c: f6 T" m- c
2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the0 a+ }+ W* F1 p% W4 b! }
whole $1000 into Nortel Networks stock. With his $1000, and the4 N, T' u0 p6 `: P: {& }. R/ k! {
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 5 O! M3 O; ?* @; |: N0 K) q
Nortel stock climb and climb, he
. C% Q% d2 f ]/ ]felt very good about this investment, happy that he is preparing for the future.
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: p6 P4 b( z' R }John, being a more care-free sort, did something slightly different
# f4 ?' ~: g, a3 R' r: Lwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
. ~9 [, H8 Z+ ^3 ppurchased 33 cases of beer. John also
+ M8 j+ g, M. r) c% D$ {2 qfelt very good about his investment: 33 cases x 24 = is 792 bottles/ ^1 Q U2 R3 f$ a$ V
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, ! ^, [" T* `) x
calculated that he could drink about 15
2 S/ V: D9 ]& sbottles per week, and he wouldn't have to buy beer for a whole4 M9 V! p2 |* l2 M/ N& z
year.0 b: V/ e4 q) q; @0 {: t8 N/ ^7 o' }& O
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Jim, of course, was appalled by John's purchase, and berated him# T! \3 ?0 m9 ~ `
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 8 I0 P% i& s, F
dwindle. "It'll go back up", he'd say to John.
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John, who has been reaping the benefits of his investment on a daily
, Y( p5 ]; R: v5 zbasis, would reply, "Ya, it will. Hang in there buddy".1 P) M+ U7 p& q# H
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Months went by, and the value of the stock continued to fall, and there was the beginnings of a ! [8 ]1 e3 X Q+ J
noticeable dent in the beer pile.' E; f( D4 [# g7 Y! V
& [( X: Y* [$ `, jMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
, @* e9 I) g9 S1 I; ~about half gone. Jim, being sure that the) `# a, b: o" r1 e$ H6 ^
stock had hit rock-bottom, still was berating John for his frivolous
0 ^ x! T3 _# p* |purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 4 C. e' A% U9 N- o
worth!!".
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Well, summer has come, and hard times at Nortel continue.
. f3 V: L8 F! `& xBad news: Both John and Jim have been affected by the layoffs.
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$ l4 i( W: p+ l R$ J' B# nLast week, in order to raise some cash to help through, k$ g. ^( K' e+ y6 N
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the : a% i2 W( P! d) t3 v5 P
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
. C0 M$ Y% R T( hneeds their friend's during rough times), and as luck would have' ^/ s2 j4 ~0 E. v. J6 C
it, there were two bottles of John's beer left. John, being a good,
7 L. h) l# f5 D; fcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
! n/ f1 W2 T8 J2 l, K, a8 W- S7 Dthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
6 t9 Y4 D {. I+ Y9 c3 Y: ~+ ~got fifty bucks back out of it - you have nothing now.", he said.
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# `) Q5 W. ?& T- ~; d: \% F"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
& ^6 A% k" Q$ d* d. g( a# ~added as his other friend with
5 ?. u# m/ d8 Ithe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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# j) m: Z5 x1 k6 uUpon arrival at the beer store, they unloaded the empties, feeling a
9 c3 L1 `' i# m( J8 S* g7 ]little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 / W; g5 s. _2 h/ I, \' M* ?% h
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
- \ c8 I# T: ^" zhe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you* l& @5 u4 |, ^- t& ~. h9 @
would feel if you just discovered that over the course of the last year, your $1000 stock investment
9 [5 o) d, R8 u+ kleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. ( e9 Y6 p6 D. J# F
6 Y4 O, A& [' i: O3 x( ]' nI'll leave it up to the reader to come up with they're0 [2 P. e, L) E- y( }
own "moral to the story".
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5 z; N3 e! _8 B7 j5 V+ M( cHave a nice day, and happy investing. |
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