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原帖由 如花 于 2006-10-23 13:23 发表% g/ ~( {5 z. y
如果是买了nortel呢?
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6 {6 }/ P# m8 v2 O) m' X* ~* g! ^On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work ) c: ?& G3 h5 b& X
for Nortel Networks, where in the summer of
, U9 F# u" a. ?4 }2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the
& L$ [0 _& q! ?; Iwhole $1000 into Nortel Networks stock. With his $1000, and the
/ I7 d6 n0 a. z8 Utransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the
U/ U5 C8 C h; q lNortel stock climb and climb, he6 c S# B+ N% j/ J" L- n, O/ _
felt very good about this investment, happy that he is preparing for the future.: J+ E @( K C" ^ R ~+ M
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John, being a more care-free sort, did something slightly different
9 Q; S3 Q: M( r, nwith his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
* o/ u8 U; p( n: Q; r. {purchased 33 cases of beer. John also! ?9 {# r1 b4 W9 W) f. f
felt very good about his investment: 33 cases x 24 = is 792 bottles
( {+ q2 p1 W6 y$ nof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
6 R% p( {, Z3 o6 zcalculated that he could drink about 15 " L4 _( @* R& a7 i
bottles per week, and he wouldn't have to buy beer for a whole% h, O, O& V. p. Y1 Z/ w
year.
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Jim, of course, was appalled by John's purchase, and berated him
3 }1 l+ h, r. p) Mconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
- U/ Y# ]* L* Z7 Z4 G+ v4 Xdwindle. "It'll go back up", he'd say to John.. F1 t: `9 u0 A1 U0 T$ ^
) S- R2 _ B7 l4 Q# ZJohn, who has been reaping the benefits of his investment on a daily
/ S* c; u1 t* j( t% t! bbasis, would reply, "Ya, it will. Hang in there buddy". s' j4 {$ p% L' N, Y
- K4 f8 {5 g9 T) G8 ?+ CMonths went by, and the value of the stock continued to fall, and there was the beginnings of a ; [! D$ D$ P2 E+ u2 S, Q
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
( ~! Z: F* d/ z( @about half gone. Jim, being sure that the# d( T' f6 n. V- v6 E( v
stock had hit rock-bottom, still was berating John for his frivolous" ]& w+ o- N( F6 q7 I# [
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
9 _5 R, a2 [ t1 u& ^/ h" a1 R- tworth!!".$ v1 u# ]/ e: F- a
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Well, summer has come, and hard times at Nortel continue.
+ m7 g) A5 W* z9 G4 @ @Bad 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 through2 R; ]7 Q5 F0 G- z: N! Q
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
S- K! q, D3 g! {$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
3 X: u% c9 i7 Eneeds their friend's during rough times), and as luck would have
( a/ A* ~" n1 Nit, there were two bottles of John's beer left. John, being a good,) q F" f0 R7 g w( V4 T$ n
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
+ J$ z1 b) E' _# _1 T3 |the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
1 f1 q2 x) x2 c# Pgot fifty bucks back out of it - you have nothing now.", he said. . w4 @2 E: F, f" B9 k# Z) V
9 a) a# _" ?) q3 D: \5 c/ [ W- n"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he - _/ c; a2 ]: \. Q) O; C0 B$ Y v. D
added as his other friend with0 A5 n/ ^3 V/ B3 r$ ^8 J. d; u j
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.( H# `4 u: i2 L( f& M! C& E
7 R* A% O& S, I/ t% G$ @; oUpon arrival at the beer store, they unloaded the empties, feeling a5 N, Y! z4 |; v/ R4 x9 F
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 . `0 j/ d V4 l% a
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as) v6 k3 U6 g' u+ `8 b- H
he handed him the money. 4 V; n9 D9 Q+ Z7 I# {9 R: ?( {
" k' Y. I2 c3 f, YJim was speechless. Poor guy. Can you imagine how you7 t/ W6 j/ v# D
would feel if you just discovered that over the course of the last year, your $1000 stock investment & y1 R" M S1 w
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. & t6 n9 c: Z( ]4 e6 p7 E1 r5 I
$ O' p. Y& c4 F0 ^! @# FI'll leave it up to the reader to come up with they're, f8 i( s7 M6 N: G1 p" V
own "moral to the story".
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* _. d2 o# I- q) f1 lHave a nice day, and happy investing. |
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