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原帖由 如花 于 2006-10-23 13:23 发表
' A3 X8 G" y( F- g1 \如果是买了nortel呢? ; ^/ M* n2 n {' C+ `; J
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On July 26, 2000, two friends, Jim and John, each got a $1000 bonus at work. (They both work
- x0 e/ N. T; z# p# q2 Sfor Nortel Networks, where in the summer of
3 J) U6 c: y6 M& U2000, there was LOTS of money around for bonuses). 7 r' o, |- O% s5 E8 j
* \) d5 {# L) V, dJim, being an intelligent, financially concientious person, put the% A* y+ _2 Q$ y) V
whole $1000 into Nortel Networks stock. With his $1000, and the" [' o2 ^2 {8 q9 ?/ v
transaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the 4 ]' A9 b# o+ J" y
Nortel stock climb and climb, he
( I% Y* d( P' ?7 S- N, Ffelt very good about this investment, happy that he is preparing for the future.
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0 k' p& _8 M7 X! \" RJohn, being a more care-free sort, did something slightly different ! w3 K5 e: q. p: K; p( @
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
- A1 m% W0 }0 u; Z+ Vpurchased 33 cases of beer. John also
6 J$ E, t7 g! m( Z/ F1 lfelt very good about his investment: 33 cases x 24 = is 792 bottles
9 Z4 Q; P+ J5 ^* o7 W3 Oof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim, - |5 A& v8 W6 ~# v* E% n4 I7 a
calculated that he could drink about 15 # p( r' k1 m1 v3 \* T
bottles per week, and he wouldn't have to buy beer for a whole
m* e4 V' O9 g% iyear.
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Jim, of course, was appalled by John's purchase, and berated him
8 E0 B6 V' T" x5 K1 vconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to 3 j- W1 F6 n Y& W
dwindle. "It'll go back up", he'd say to John.
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6 z: ^" [2 Y3 h, a6 r9 cJohn, who has been reaping the benefits of his investment on a daily0 d n; Y) _9 t) t }! @
basis, would reply, "Ya, it will. Hang in there buddy".
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8 E j6 L5 u4 l4 ^' fMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
, k; z7 H$ @7 K7 ?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 9 J# }/ s8 R! j* u: d' C& a
about half gone. Jim, being sure that the
1 n9 |+ W% x, a% Cstock had hit rock-bottom, still was berating John for his frivolous8 s, G% ^0 O2 f0 I/ [+ s- A+ K
purchase, telling him "Your beer will be gone in six months! Who knows what my stock will be
( ]1 [4 Q. W$ B4 _' d, Iworth!!".& b, }- g3 |% N F; M1 E
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Well, summer has come, and hard times at Nortel continue.
. L# u2 H2 b/ iBad 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
; D3 c% }6 m( `$ R5 o- V# Ithe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
% M, n3 M) U4 F7 I( p: |$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone
$ T! a9 j U* J- p0 pneeds their friend's during rough times), and as luck would have8 e- a, t* K; A
it, there were two bottles of John's beer left. John, being a good,
; I- P6 V6 I& i/ C/ Icompasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated 1 U0 I( L+ E; G& ]0 U
the gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I
& `/ {; e4 @ ]! y$ Fgot fifty bucks back out of it - you have nothing now.", he said.
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; w% X9 U+ x( @9 H, f"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he
3 t' S0 n8 w- W( {4 }added as his other friend with
3 X, l7 K- }8 xthe truck pulled in. So, they loaded up the truck, and proceeded off to the beer store.
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1 H- G2 a5 L g1 r9 nUpon arrival at the beer store, they unloaded the empties, feeling a8 ?$ g4 j, g! @* F$ u; j* |& ?4 N* ~
little grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
$ Z' v8 Y- F& T- S8 D/ ~" I7 o6 X) m: Nbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as
n. Y+ l* @( ^% g p. i+ Whe handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you
9 ?% D4 C1 |: g% n3 j& p9 gwould feel if you just discovered that over the course of the last year, your $1000 stock investment ( x) N6 _! X ^! L$ d
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80. $ G, f6 Y& D" F; |; `
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I'll leave it up to the reader to come up with they're9 ~' A* K1 s+ V3 o0 E
own "moral to the story".
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Have a nice day, and happy investing. |
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