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原帖由 如花 于 2006-10-23 13:23 发表
* Y4 N8 j, ?# {& h7 `4 u3 Y# ~8 r( ^如果是买了nortel呢? & }- A2 D- V9 }6 H, @) s7 v q# D
' E3 J5 N" B+ G0 p) XOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work + [5 ?6 g) ^7 C9 p% t
for Nortel Networks, where in the summer of
+ e" v; ~/ \( H3 k8 m$ V- ]# R1 M6 U2000, there was LOTS of money around for bonuses). % {' `4 m4 ~; A$ r, w: M
, A' s& R' n+ G p: [+ M% r& MJim, being an intelligent, financially concientious person, put the
" h% c& M: w+ e7 o: C: q$ R# [8 o: fwhole $1000 into Nortel Networks stock. With his $1000, and the
% `! S' Y6 o0 G. Vtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 1 H/ F" j% d! X. M# n2 y
Nortel stock climb and climb, he4 y* S2 g! ~1 q' U$ v3 c
felt very good about this investment, happy that he is preparing for the future.- S+ @0 S& k I. Y3 f2 Y; R3 q
& c- Y7 s- M2 P0 rJohn, being a more care-free sort, did something slightly different
% h. W- g. U, Z% T2 ]1 ewith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he 6 a; z H1 j) I& h
purchased 33 cases of beer. John also# k- {- o4 _6 w' y
felt very good about his investment: 33 cases x 24 = is 792 bottles/ R( u2 m- C S$ _7 S% \
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
$ y: d6 ]+ [. R: ?0 S D- j6 scalculated that he could drink about 15 1 p/ [7 R& w& P& {7 b& y
bottles per week, and he wouldn't have to buy beer for a whole: i# m8 |7 P/ c, _, H9 g' h$ z f
year.
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$ a( a+ u7 @/ g& l/ P8 d5 ]0 oJim, of course, was appalled by John's purchase, and berated him
" s! S( [2 H; v, c% b+ Uconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
$ @5 a8 d1 P Y8 O7 |dwindle. "It'll go back up", he'd say to John.* e' D" c, u4 }8 I3 ~- H# P$ d+ w
9 D$ X( N1 |. D3 IJohn, who has been reaping the benefits of his investment on a daily
" k/ |8 C/ p0 L; X* M) o; i& S; |basis, would reply, "Ya, it will. Hang in there buddy"./ j; V2 k1 y* o# }
% V, M5 R J+ kMonths went by, and the value of the stock continued to fall, and there was the beginnings of a } X2 I Y; S; m/ ~: K
noticeable dent in the beer pile.: m) Z$ b0 t( ^8 k, f5 b% b- z) G
8 ?& O. i8 I8 ]) n6 W7 T2 KMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
" w+ g' W W7 gabout half gone. Jim, being sure that the
1 ? c) @+ |" r$ R6 }, ?stock had hit rock-bottom, still was berating John for his frivolous: c. G& J) B3 @1 J
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ; } B. m* B: H* K3 P
worth!!".
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" K: D% w4 F, c+ ?Well, summer has come, and hard times at Nortel continue.
5 ~, i5 v6 ~7 u6 u+ s5 n, z* eBad news: Both John and Jim have been affected by the layoffs.
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Last week, in order to raise some cash to help through' D$ w: a3 ]4 h" Z6 D! r
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
) G( |4 V0 M, r1 ?* k7 l. v( t; W: Y$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
- Q: r0 s/ M# E3 F7 u$ I3 E g! v# Fneeds their friend's during rough times), and as luck would have
9 s" w+ o& }2 ` A+ b, Q! kit, there were two bottles of John's beer left. John, being a good,2 B+ C' Z& j8 {9 X# t9 o
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated - k+ `' X) g, y8 x& Q
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
! }4 P! \ a2 pgot fifty bucks back out of it - you have nothing now.", he said. % {, i6 J3 Z$ c# }# h# ?
8 l% Z$ q$ t/ I: f/ j9 ]
"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
% f0 C6 I7 f/ g! u0 c' padded as his other friend with
a/ l+ h) m& u6 d$ _2 h+ ithe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.0 {# M- j8 e5 [0 _
n5 K/ ~$ P! Z# K% u3 tUpon arrival at the beer store, they unloaded the empties, feeling a/ i9 i- d* @' k6 B
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 " X( Q' w* X* Q: b5 Z
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as( _: z4 `' u6 t; R9 Z7 B
he handed him the money. 0 p& J" Z& {& H9 |: h. X8 D
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Jim was speechless. Poor guy. Can you imagine how you0 [" O' m0 F) }9 b3 J( d2 w$ m* }: c
would feel if you just discovered that over the course of the last year, your $1000 stock investment
) J: C# G/ G" v. l3 V/ bleft you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. + i) x, U. j7 g0 T
+ H" K. r7 c6 e' N3 j0 iI'll leave it up to the reader to come up with they're3 z# J1 t- x& ?; a8 S: p+ f
own "moral to the story".; b7 u) j1 ~1 G
) Q5 K V- |1 F3 F7 x9 AHave a nice day, and happy investing. |
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