Xie Wan said to Daviessi, "Could you please take me in and open an account?"
Seeing Xie Wan's insistence, Davey explained to her that in the United States, stock trading is rarely done by oneself, and is always done through a stockbroker.
He introduced his stockbroker to Xie Wan.
The stockbroker was from Morgan Stanley. Xie Wan had heard of this investment bank. At least before she came here, it was one of the top ten investment banks in the world. She didn't have to worry about the bank going bankrupt if she put her money there.
Xie Wan went to the broker's office, signed the agency agreement, and opened an account.
She used two thousand of the three thousand dollars she had just received and asked her broker to buy Franklin Resources shares.
This stock was something Xie Wan had seen while watching videos in later life.
She followed her roommates to learn how to trade stocks, but lost all her money.
I just happened to see a video introducing this stock from Country M.
When it went public in 1971, the stock price was only $5 per share, and 120,000 shares were issued.
But after decades of continuous split premiums, one share was worth $300,000 in 2024.
Xie Wan asked about the current price of this stock. Due to the recent plunge in the Dow Jones Index, the price of this stock has fallen back to near the issue price.
The stock price was only $5.1 that day.
Xie Wan said to the broker, "Please buy all of them into BEN (Franklin Resources' code) for me. A week later, another sum of money will be transferred to my bank account. Please also buy all of them into BEN for me."
The broker was a white man in his thirties. He asked suspiciously, "Ms. Xie, why did you buy this stock? It has not performed well since it was listed.
Moreover, this year is the year of energy crash, and this stock is likely to fall below the issue price.
If you are looking for long-term investment, I still recommend you to buy Coca-Cola."
Xie Wan was not going to listen at all, as this was the first time she was enjoying the benefits of being a time traveler and prophet.
If she didn't have to keep some dollars on her, she would have wanted to buy all of them to buy this big bull stock that will be a big winner in the next few decades.
Think about it, she now has 380 shares of BEN stock. If she keeps it until 2024, it will be more than 100 million US dollars.
When the remaining money from the auction of the dragon and phoenix bracelet arrives, she can buy about another thousand shares. By 2024, that would be 500 million US dollars.
Xie Wan felt like she was going to drift away. She never imagined that by 2024, she would be over 70 years old.
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