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原帖由 如花 于 2006-10-23 13:23 发表( s. ]9 B5 u$ b! U/ V/ F3 E% C9 c
如果是买了nortel呢? 7 d3 V2 b/ Q3 }, j7 |
& _, K& y4 C) AOn July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
5 Z! c# K0 n2 {3 A# Sfor Nortel Networks, where in the summer of ) a: e9 e: d( N5 i7 l+ {
2000, there was LOTS of money around for bonuses). % D1 L3 D# ]; O7 x" v/ K/ D
0 ~( K% c& W0 H) |) `) t" ?Jim, being an intelligent, financially concientious person, put the
- B( Q W$ P# l4 i9 t/ ?2 X" gwhole $1000 into Nortel Networks stock. With his $1000, and the
! y: b* o8 i3 U- G5 ^# N2 Btransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the + n ^) G4 g0 V+ O5 \* {: N3 w
Nortel stock climb and climb, he
7 p5 r6 }* R. ifelt very good about this investment, happy that he is preparing for the future.8 E: h* y! J4 q0 q T2 C0 `& r
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John, being a more care-free sort, did something slightly different 0 g! q( i5 h6 X/ ~" y9 d; p5 }
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
1 n- f: f/ q& T2 Rpurchased 33 cases of beer. John also
" D t% o9 B) k" w2 A, m4 ?/ Efelt very good about his investment: 33 cases x 24 = is 792 bottles
" a( \) Q# ~3 J9 P; z" S! W- \of beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, # x0 U9 ^3 D0 c1 z4 b
calculated that he could drink about 15
# g/ A8 K' J2 E8 J5 e5 `" z8 }bottles per week, and he wouldn't have to buy beer for a whole
. @) f: b3 U0 F. e8 m# Qyear.. ` C C x1 f/ m" N$ q8 g& G
' N8 g- V# E# _0 ?3 }0 [/ pJim, of course, was appalled by John's purchase, and berated him
! a& @: ^; a9 Fconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
6 ?& z+ l7 ~8 l8 @) T) Adwindle. "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 daily7 j- ?5 f0 A/ L2 y- s2 ~; X! _
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
0 Z2 s, g7 C) o7 h# O/ E, Y" k$ Rnoticeable dent in the beer pile./ f2 g4 }' g) V# S: b1 f
8 ?! ~3 [ E( n: s( ~; ]Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
$ `% f& Z& v* T: \about half gone. Jim, being sure that the
5 M: z$ U; s4 t$ [/ ~stock had hit rock-bottom, still was berating John for his frivolous, ~, R% v% Z" I1 s4 i7 w5 S
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be ! L1 b7 B x! p+ V/ n* Y# `
worth!!".
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1 {, b& {# J) a9 i6 lWell, summer has come, and hard times at Nortel continue.
- m& O) z0 a' g) O- O0 k$ X% p3 [Bad news: Both John and Jim have been affected by the layoffs.+ L1 {) b8 d' K2 J' `5 X+ a
$ c) v9 V: m A( j$ D, {( f: r4 ILast week, in order to raise some cash to help through5 _5 ^8 x; h0 Z# H" M( Y
the rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the 2 A7 W& ?' u2 N4 R) a) N/ A9 `
$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
/ N% _7 |7 }: p9 kneeds their friend's during rough times), and as luck would have
) {7 \9 p' x j, H# b, B* w3 Dit, there were two bottles of John's beer left. John, being a good,
; c7 Z, O% `& l% jcompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated ; j. u) x8 z; Z+ u% ]- {" J
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
5 P" K: {5 m+ P/ i. r5 f6 E* Sgot fifty bucks back out of it - you have nothing now.", he said.
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"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
3 | ?1 v: }7 A3 C' |% r! }added as his other friend with
' X2 z. g% V7 C0 m1 l; i! Ethe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.1 L. d R; t/ ?# }! }- ]5 _
# z$ r$ R; X4 K$ EUpon arrival at the beer store, they unloaded the empties, feeling a
8 k) y3 @- F; klittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24 4 S' @9 {- w: N; y
bottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as" N* Q+ f, ~. p6 U+ K. `2 b
he handed him the money. # J0 w! ~( D0 N: d3 p
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Jim was speechless. Poor guy. Can you imagine how you% h3 z! ^- K$ G8 u8 C$ u1 Y! B! }
would feel if you just discovered that over the course of the last year, your $1000 stock investment + W7 E0 p- \4 |
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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2 d8 I1 h; y3 z3 aI'll leave it up to the reader to come up with they're
8 ]2 b* Y; O% N& o) Y3 _5 E) @own "moral to the story".
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2 h) {5 s& T6 E, O8 @Have a nice day, and happy investing. |
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