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原帖由 如花 于 2006-10-23 13:23 发表
; ]- d- m* [+ _' i" `8 H如果是买了nortel呢? $ a$ E7 Z" [( I
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work 7 Y5 ^6 m" |5 ~
for Nortel Networks, where in the summer of
* r) s/ ^* a1 o* ]2000, there was LOTS of money around for bonuses). # G/ A% |, D8 d2 p8 D4 u$ V
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Jim, being an intelligent, financially concientious person, put the6 U1 `: c! n9 e3 ]! Q
whole $1000 into Nortel Networks stock. With his $1000, and the
( ^% Z1 ^. r, A( i; ~( [$ p: Z2 vtransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the ; j" I3 e8 b, O
Nortel stock climb and climb, he; w' `! n' H3 f' x
felt very good about this investment, happy that he is preparing for the future.
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- A+ ^0 X0 b6 R) jJohn, being a more care-free sort, did something slightly different " K( I- k0 f) P' \8 _+ I
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he , v5 c8 `" x- x& w# A
purchased 33 cases of beer. John also0 B2 L7 J6 K- ~& K/ Q$ b* n
felt very good about his investment: 33 cases x 24 = is 792 bottles3 O& k* Z7 v" w, S7 k b' `
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
" z$ D( f) ^( B" Qcalculated that he could drink about 15 ( j* r4 G* `; H0 j
bottles per week, and he wouldn't have to buy beer for a whole6 f1 h! u# @+ i" }
year.
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8 G, d1 T, b# w: g: }Jim, of course, was appalled by John's purchase, and berated him# X0 p+ N8 T' Z7 }* V
constantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
9 h" {3 T* }" T3 i& \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 daily0 g8 T' g) B, U, e. u
basis, 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 6 z) c6 ?; J% @# H- T4 e1 I
noticeable 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
5 n8 b5 g$ n, U: ]about half gone. Jim, being sure that the! v8 E5 f6 T5 I# l4 u& A
stock had hit rock-bottom, still was berating John for his frivolous/ U6 \/ O L1 m$ V
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ) a# I% z) t$ `# [" {4 \) S, v; T
worth!!"./ j: d) ~( g# ]3 b- {- O
( V5 J/ h& u9 `1 HWell, summer has come, and hard times at Nortel continue.
9 I: ^$ p$ I- a( lBad news: Both John and Jim have been affected by the layoffs.9 h* h- j5 }. A2 N8 y
9 H- P o b4 |# W2 rLast week, in order to raise some cash to help through
+ a O2 i3 t3 c5 rthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 1 R, N! H% a) W* `. [+ V
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone* F% r7 W/ q1 x, a) e6 t/ g
needs their friend's during rough times), and as luck would have* ?! r) u* j r! |) d
it, there were two bottles of John's beer left. John, being a good,
1 |& \7 r9 W3 jcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated & V( c/ ]: L6 E6 E4 ^( E& O* Z
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I ; |6 @6 q" ~0 ]6 A) v
got fifty bucks back out of it - you have nothing now.", he said.
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* q' D$ }+ v8 F. G* S9 c6 c9 @"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
3 I0 J& d: G+ k, c. h% Aadded as his other friend with
" j( G; V2 p( |2 `& k% sthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.) O% I& P$ N! J( R% q) i
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Upon arrival at the beer store, they unloaded the empties, feeling a
, G" A4 c* Z2 A, [" @& s/ a5 |little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 % |1 n0 H, S: T
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as! c* W% |: ?( v6 o
he handed him the money. 7 l5 }! u8 }' |* c
1 s3 i( ]& y; ^# J0 @/ F, A& SJim was speechless. Poor guy. Can you imagine how you# r' Z& D& d8 m9 N& d, ?6 `) K- G
would feel if you just discovered that over the course of the last year, your $1000 stock investment 4 |0 v D) D: V+ Z
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're* j3 o ]$ f! l2 G+ [+ I
own "moral to the story".' |' P. s1 y) a0 a( t' U
6 M, c7 k$ l# c* O: XHave a nice day, and happy investing. |
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