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原帖由 如花 于 2006-10-23 13:23 发表8 z7 [$ T% u N# [: i$ [2 U) O% M
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
" N' N7 ]& Q& u& tfor Nortel Networks, where in the summer of
' F6 i7 Z/ z7 m: }# O' ]2000, there was LOTS of money around for bonuses).
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Jim, being an intelligent, financially concientious person, put the
! \6 L. t4 g; c- `) u5 q/ pwhole $1000 into Nortel Networks stock. With his $1000, and the
$ Z) I! o/ ]/ ^5 |9 ntransaction cost of $35, he was able to purchase 7 shares at $123 each. Having watched the : E4 o3 G& U% R: L; \6 {
Nortel stock climb and climb, he H5 X( p ] h" Z2 b9 V! w1 F3 J- O
felt very good about this investment, happy that he is preparing for the future., s- l+ f [5 b
& z$ [) E# o LJohn, being a more care-free sort, did something slightly different 9 Z6 ?0 a3 |/ y( W7 Y/ o* q
with his $1000. John borrowed a friend's truck, and proceeded to the Beer Store, where he
1 x$ A+ N6 }$ H+ ~7 fpurchased 33 cases of beer. John also% l! H$ C! `. C
felt very good about his investment: 33 cases x 24 = is 792 bottles
/ n( Z' I' o7 [, t! \. L. `# A4 hof beer! John, also being an intelligent guy, although perhaps not as forward-thinking as Jim,
2 p" h/ v8 A! y \5 Hcalculated that he could drink about 15 - a% V6 U/ r: r6 |% Z
bottles per week, and he wouldn't have to buy beer for a whole E' s* i( R3 M3 I
year.. C5 t: v- P* x/ ^/ x `. N, t3 K
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Jim, of course, was appalled by John's purchase, and berated him
) G: s7 R8 K2 N2 g% i# R* Pconstantly about it. As months went by, Jim excitedly watched the stock prices, and saw it start to
, v8 i% x! Z9 E4 U" c4 Fdwindle. "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 daily8 c/ r- i: ~! ] K
basis, would reply, "Ya, it will. Hang in there buddy".
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3 i B# f* q+ r* }- c! w6 I: FMonths went by, and the value of the stock continued to fall, and there was the beginnings of a
% Y j x8 V# pnoticeable dent in the beer pile.: c* J3 t/ L, Y' G
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Midwinter came, Jim's stock had fallen to about half of it's original value, and John's beer was
( j2 v2 Y; T3 P/ c$ i& Babout half gone. Jim, being sure that the
/ V- q, r/ E! U0 Wstock had hit rock-bottom, still was berating John for his frivolous
, T) C3 }2 ?6 ]( opurchase, telling him "Your beer will be gone in six months! Who knows what my stock will be & @/ b0 p. U, w. M) P) ^1 ^8 v. ^
worth!!".# {/ ?6 O/ l& d
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Well, summer has come, and hard times at Nortel continue.
- D" ^% c6 K# _8 s6 `/ OBad 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
- t9 y$ |: Z w3 L; xthe rough time, Jim sold his 7 shares, at that day's value of $12, and got $84, then after paying the
3 B0 b, f! f7 c! M) ]) E$35 transaction fee, he only had $49. Jim stopped by John's house later that day (everyone. c( g+ u4 L( O/ G
needs their friend's during rough times), and as luck would have% S- M+ O$ Z9 f$ }7 J1 h( c
it, there were two bottles of John's beer left. John, being a good,& i+ Y. r$ f4 V" b3 r+ a
compasionate friend, offered to share his last two bottles of beer with his friend. Jim appreciated
8 y; s$ {8 ~/ V" x8 e+ xthe gesture, and enjoyed the cold beer on the hot summer's day, but he felt a bit guilty. "At least I # y! i8 G2 X1 q2 ~6 `6 T. T1 o1 c
got fifty bucks back out of it - you have nothing now.", he said.
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; r% p: t$ h% c! f w"That's ok.", replied John. "Perhaps you can help me, I need to return all these empties.", he 0 v, x% R$ j1 a& H& ^! R
added as his other friend with& \* K' V% c. d0 s
the truck pulled in. So, they loaded up the truck, and proceeded off to the beer store., N2 s; {' o) w" m2 J0 m; r, G! T
8 _! I( L7 }3 D8 w2 P: V2 _- eUpon arrival at the beer store, they unloaded the empties, feeling a
- k- H. x! e4 ]2 G. c4 V* H: vlittle grim. John went to the counter, and collected his refund for the bottles. "33 cases x 24
5 h% Q# k; r' p0 K% s, ~, K3 zbottles, at 10 cents per bottle, that comes to $79.20", the friendly Beer Store clerk said to John as# y$ z/ \* i( W) `
he handed him the money.
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Jim was speechless. Poor guy. Can you imagine how you+ ~$ f0 {8 d( n" T6 E3 \
would feel if you just discovered that over the course of the last year, your $1000 stock investment 2 m" F2 ~+ b4 ~2 k2 Q5 Z- Y
left you with $50, and taking same 1000, buying beer, and drinking it, would leave you with $80.
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I'll leave it up to the reader to come up with they're
/ p5 z8 O- Q: s4 K& sown "moral to the story".
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/ L5 J0 K( t! d7 I$ qHave a nice day, and happy investing. |
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