Fang Yitong: "Isn't it because he thinks he's pretty capable? He's accumulated more wealth in just over ten years than his ancestors accumulated in three generations!"
Don't they realize that the older generation earned their money penny by penny through hard work and real business?
His investments made money quickly, but lost it even faster. Overnight, hundreds of millions vanished!
Chen Hong, who just made hundreds of millions of yuan in the stock market... I suspect you're alluding to me!
Chen Hong: "We ordinary people all say that even if something is worth a fortune, it doesn't count if it has fur. Raising livestock and poultry is the riskiest thing. If you catch an epidemic, you can lose all your wealth."
I never imagined that investing in stocks could lead to financial ruin even faster than raising livestock and poultry and getting sick from disease. It's truly terrifying!
Director Guan: "After this painful lesson, we must be careful in the future. It's okay to play the stock market, but we can't put all our savings into it. If it crashes, it won't be enough time to get out!"
Fang Yitong agreed with this statement: "The old saying 'don't put all your eggs in one basket' is also very practical when it comes to investment."
For most ordinary people like us, such a large stock market crash doesn't have particularly serious consequences. At most, we just end up buying stocks with our savings.
Unlike these big bosses who have large bank loans entangled in their businesses, they are like a chain reaction of bombs; once one explodes, the rest will follow suit.
We ordinary people may have lost our savings, but at least we don't have any foreign debt. We'll be short of money for a while, but we can save up slowly later!
Director Guan had a very objective view of things. "This stock market disaster is a wake-up call. I think many people have gone crazy in the past two years; stocks have risen too fast, and no one can resist!" Director Guan sighed.
"Ordinary people might lose money this time and be afraid to invest in stocks again. But in my classmate's case, if he has a chance to turn things around, I don't believe he can resist touching stocks again."
Stocks are a thing where you can lose money quickly, but you can also make money quickly! Lots of people like to speculate.
Throughout history, there have been many such people; they thrive on thrills and excitement! Those who stand at the forefront of controversy are no longer comfortable with a mundane life.
Fang Yitong also said, "We ordinary office workers dare not follow the trend; our hearts can't handle this kind of stimulation."
If you really want to try your hand at the market, choose a listed company with good prospects, buy some shares and hold them long-term. Follow the company's business expansion and you'll be satisfied with making a little less money.
Regardless of the ups and downs of the stock market, as long as the company's development is steady and rapid, it will definitely make money in the long run. This is the safest approach.
Chen Hong said, "I think the safest option is still to buy a house. Aren't most of the big shots who have crashed in the stock market now relying on selling real estate to make a comeback?"
"If the property appreciates in value, we'll make money. And if it doesn't, it's a safety net; the property is there, it won't disappear, and we'll even earn rent. Uncles, why don't you buy some more? I think buying real estate is the safest and most secure investment!"
Chen Hong secretly thought: I'm now dedicated to dragging you all down with me and forming a small real estate speculation group!
Fang Yitong and Director Guan exchanged a glance. "We are very interested in investing in real estate, but we don't have any money on hand."
I bought a house before the Lunar New Year, and the mortgage is still outstanding. If I want to buy another house, I'll have to wait until the mortgage is paid off and then save up for a few more years.
Chen Hong looked surprised. "Uncle, look at how much housing prices have risen in the past few years. If you want to buy, you have to do it now in the next two years. If you wait until you've saved enough money later, you might not even be able to afford a toilet."
Saving money can't keep up with the rate at which house prices are rising. Uncle Guan, in your and Uncle Fang's situation, couldn't you mortgage your courtyard house?
Then the money obtained after mortgaging the property can be used to buy another house, right? The rent from the house can be used to pay off the mortgage, and even the interest can be covered by the rent.
Without having to spend any more money themselves, and with their property appreciating rapidly, such a favorable market situation is a once-in-a-century occurrence.
Wouldn't it be possible to expand your investment by only paying the initial purchase price? If you're determined to invest in real estate, you can buy properties and mortgage them, like a snowball rolling downhill.
"Couldn't one just withdraw cash in a short period to buy multiple properties? The bank should allow that, right?"
Director Guan slapped his forehead and said, "Look at me, I'm getting more and more confused as I get older. Every day when I'm working, I'm thinking about how to find loan customers with safe repayments. How come I never thought of Chen Hong's idea?"
Lao Fang, look at the house we bought before the New Year. In just six months, the price per square meter has increased by two or three thousand yuan. Now, both of our houses have appreciated by over a million yuan.
This is something I never imagined before. Such a high rate of return is indeed suitable for office workers like us.
It won't violate national policies, and the returns are exceptionally high, plus it's safe and secure! How about we take out mortgages from both of us and each buy one of Lao Yang's properties?
These properties of his are all prime locations; they can be rented out or resold later, and they're in such good locations that you can't buy them on the market right now.
Incited by Chen Hong, two government employees who were originally working diligently also joined Chen Hong in becoming a group of real estate speculators.
Now, Guan and Fang, together with Chen Hong, analyzed the pros and cons of the properties and shops they wanted to buy in great detail.
They first compiled all the information about the property. Chen Hong took out a notebook and listened to their presentation.
After ticking off options in the notebook, I ruled out five-courtyard houses! I couldn't live in them after buying them, they were difficult to rent out, and they were too high-profile and tied up too much capital.
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