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原帖由 如花 于 2006-10-23 13:23 发表" h* Y$ B7 |* t/ F' r$ Y
如果是买了nortel呢?
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
. e3 f7 A/ m# P& s$ e+ Q2 ^for Nortel Networks, where in the summer of # z; [7 @7 Q/ l' F( q8 s S
2000, there was LOTS of money around for bonuses). # v9 D* A- N$ d
- _7 L; [+ c8 z% \% g0 {0 ]& }Jim, being an intelligent, financially concientious person, put the! s: z/ u, |) u6 t( c
whole $1000 into Nortel Networks stock. With his $1000, and the% l! j: K$ |1 j3 W8 v
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the + X! p% _6 m3 @1 B! @
Nortel stock climb and climb, he
1 k, U" }; F G# Zfelt very good about this investment, happy that he is preparing for the future.
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+ N; e0 Z& X% \* f, q. ?John, being a more care-free sort, did something slightly different
# v% U7 M' F# Qwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he ( |+ N* J6 f/ e
purchased 33 cases of beer. John also8 ]$ P t" F5 L& o0 f; M; ~7 g9 y: ~8 i
felt very good about his investment: 33 cases x 24 = is 792 bottles3 l" U% g7 L( P5 [7 P
of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
4 ^- I0 {* z1 _; Lcalculated that he could drink about 15
. o1 T- K9 x9 i) ]. U- Sbottles per week, and he wouldn't have to buy beer for a whole: {1 M4 ^ @% B: Z% j$ s1 m
year.6 b0 B2 G' Z/ k% H* m
* o3 C) s& Y$ \9 ~6 {0 {Jim, of course, was appalled by John's purchase, and berated him
1 ?" F$ d- ?; {$ n* T7 `. Xconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to ! ]0 l+ I) P. u. T
dwindle. "It'll go back up", he'd say to John.; ?( V$ s7 U0 J) d' P0 L: |
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John, who has been reaping the benefits of his investment on a daily
3 d4 p3 h- o1 ^6 K/ {+ v! ^basis, would reply, "Ya, it will. Hang in there buddy".( m0 }* V1 k9 i# }2 P
8 U: [ m) X7 U3 Z% G4 N+ MMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
) [4 A0 Z; W* x3 a5 T# Inoticeable dent in the beer pile." c( ^2 d- o! F9 s& P: h$ @8 ]. B
$ p* F0 G; _/ w2 M9 _, i1 NMidwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
1 Y4 I8 K6 ~5 m0 rabout half gone. Jim, being sure that the
3 \9 A0 D' `0 a$ }; H9 {) X, e$ p, sstock had hit rock-bottom, still was berating John for his frivolous, e3 I; h w b$ |. U* F) n
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be 0 D B1 ~: @3 q4 N& i* r
worth!!".
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$ S D* k' t/ v& c9 XWell, summer has come, and hard times at Nortel continue.
& S, p7 b, Z7 h) m1 ~Bad news: Both John and Jim have been affected by the layoffs.9 L9 |2 C2 j' V! j1 O& t1 y
; h; c8 _0 n; r5 M, q0 C* \; fLast week, in order to raise some cash to help through! Q4 j5 M7 O9 ^! ^( g0 z, Y
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the $ Q" M h3 h; m' d4 v2 n* @
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone' X2 Q* |/ | z! u! Q
needs their friend's during rough times), and as luck would have% t; S% O6 h, d; A0 V; { H
it, there were two bottles of John's beer left. John, being a good,
, E$ B, G' i, Y( G2 p* ` P8 Ecompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 2 @& c# T) B8 o' l8 j& l* O, G$ E' a
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
2 c( G8 }- `4 i3 T" l# ^got fifty bucks back out of it - you have nothing now.", he said. V8 v Q! V9 s
; p- O! P7 R, @"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
" f. B/ ]5 d8 ]+ radded as his other friend with- h; h( s; F3 r& I" f" W' }
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.$ B5 e( H, ]4 n2 T! w' I) e
1 _! b5 f* z, }. _Upon arrival at the beer store, they unloaded the empties, feeling a
* x; ~: X1 b+ x5 ], [' Dlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 + g* u/ Y* A6 f0 U' K! d; A5 d- P
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as. a, d1 h2 T, C! I
he handed him the money. % j# v, d9 T3 P$ N
. u) D! ]8 g9 S RJim was speechless. Poor guy. Can you imagine how you5 v1 l3 j6 K- y/ ^: ^4 y# B* v& y
would feel if you just discovered that over the course of the last year, your $1000 stock investment $ L9 `# n9 j& ~1 M
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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+ U5 P% z: O! LI'll leave it up to the reader to come up with they're
# ~7 |% [4 g! a3 e: N, W2 Gown "moral to the story".
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Have a nice day, and happy investing. |
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