Chapter 86 Don’t Do It If You’re Not Familiar
After the stock market opened, the funds frozen for new stock issuance returned to the investors' accounts.
Some investors could not hold back and rushed into the stock market again, while some investors were timid and waited and watched with their money. Li Feng went directly to the second floor of Hengtong Financial Company and knocked on Gan Yitong's door.
"Hey, Mr. Li, you are a rare guest, a rare guest. Please sit down, please sit down..." Gan Yitong pointed at the tea table and greeted him with a smile.
Li Feng waved his hand, sat down in front of the tea table, and said with a wry smile: "Boss Gan, please stop making fun of me. My little money is just a small shrimp in your place, a drop in the bucket."
"That's different," Gan Yitong said as he came to the tea table and started to boil water. "I've seen at least eight hundred, if not a thousand, people trading stocks, but you've been so calm and collected, going from a few hundred thousand to several million. You're the first one to do that."
"It's just luck." Li Feng said politely.
Gan Yitong said, "Luck is also part of strength. If you don't have the ability, the money you invest in the stock market will only get less and less. Only those who are truly capable can accurately seize opportunities in the stock market and, with the blessing of luck, soar to the sky."
"I've been involved in stock market financing for the past few months and have seen countless examples of this. Some people started with only tens of thousands of yuan and, through multiple leverage, became rich overnight, sometimes reaching tens of millions. But then a stock market crash wiped out their fortunes. Others started with millions, sometimes reaching tens of millions, but were wiped out completely by a stock market crash. Very few people can escape a bear market unscathed."
"You count as one."
"I've finally figured it out. The stock market is a place where you exchange money for lessons and experience for money. It's much harder than running a business!"
As he spoke, Gan Yitong washed the teacup and filled a cup for Li Feng. He said, "Come, try the Yunnan Pu'er tea I just got. It's twenty years old."
Li Feng hurriedly said, "Thank you, Mr. Gan."
After saying that, Li Feng took a sip and felt a refreshing fragrance lingering on his lips and teeth, which made him feel relaxed and happy. It was worthy of being the Yunnan Pu'er tea that is famous both at home and abroad.
"Number One, what brings you here? Do you want to borrow some more money?" Gan Yitong also took a sip of tea and asked with a smile.
The familiar name made Li Feng feel more at home. He replied, "Number Two, I want to pay off the loan in advance."
"In advance?" Gan Yitong was a little surprised.
"Well," Li Feng continued, "Yesterday the China Securities Regulatory Commission announced the suspension of new share issuance. Today, the money was returned. I don't have any good investment projects on hand, so I'll just pay off the loan first."
"Not trading stocks anymore?" Gan Yitong continued to ask.
Li Feng said helplessly: "In today's world, it's impossible to trade stocks. Moreover, using loans to trade stocks is very stressful and not cost-effective."
"Hey, you're really good at accounting," Gan Yitong smiled. He returned to his computer and, clicking away, printed out a repayment agreement. "I definitely wouldn't agree to early repayments, but since we're old friends, I have to give you a favor. Just sign and wire the money over, and that'll be all."
Li Feng took a careful look at the repayment agreement, which clearly stated the responsibilities of both parties, the loan amount, the loan period, the repayment method, the interest rate, etc. It seemed quite formal, so he signed it, put his fingerprint on it, took out his mobile banking app, and transferred the money directly.
Less than half a minute later, with a "ding" sound, the payment arrived.
Gan Yitong took a look and nodded secretly, very satisfied.
After this incident, he admired Li Feng even more. This kind of person is determined and has clear goals. He knows what he wants to do, what he can do, and what he cannot do. When working with him, the cooperation is extremely smooth and never drags his feet.
"Brother, you made a lot of money from this wave of new stock purchases." Gan Yitong exclaimed.
"It's only a little over a million. There's also a stock called Baofeng Technology, which has been suspended," Li Feng said frankly. "It's also thanks to my brother's help. Otherwise, I wouldn't have dared to do such a big thing. My brother should have made some money from the new shares, right?"
“No.”
"No?" Li Feng was very surprised. He had explained this strategy to Gan Yitong in detail at that time. It was a business that could make a lot of money. Why didn't he do it?
Gan Yitong looked at him and smiled, "Snakes have their own ways, rats have their own paths. If you are not familiar with it, don't do it. I wanted to try it, but after discussing it with a few old friends, I gave up. I'd rather stick to my old business. I feel it's safer."
safe?
Li Feng shook his head in his heart. If the annualized return on new shares is 20 points, minus the financing costs, it can at least reach an annualized return of 10 points. If it is just a loan, can the annualized return be more than 10 points?
The key is that investing in new stocks is still risk-free arbitrage.
But after a moment, Li Feng was shocked and suddenly realized.
Gan Yitong runs Hengtong Finance and engages in online lending, lending to himself and to others. Isn't that stable and allows others to work for him?
Take myself for example. I worked hard for a long time to buy new stocks. Now when I do the math, I have to share nearly half of the profits with Gan Yitong.
Not to mention, those loans with higher interest rates.
In addition, investing in new stocks is a one-time deal and may not be possible after a few months. However, the company run by Gan Yitong is a long-term business and can be carried out for a lifetime as long as the risks are well controlled.
It’s a good idea not to do something if you are not familiar with it.
This is very similar to stock trading in the stock market.
Successful investors all work in industries and stocks that they are familiar with, and execute strategies that they are familiar with. They never go beyond the line and dabble in industries or stocks that they do not understand.
Failed investors buy stocks faster than they buy clothes, trading one stock in two or three days, and seven or eight stocks in three to five days. They are dazzled by the constant flow of activity, but often fall into various traps.
"I really admire your determination, brother." Li Feng complimented.
"There, there, your determination is beyond the reach of ordinary people," Gan Yitong also praised. "Take this real-time trading competition for example. You said you would clear out your positions, and you did it right away. In the past ten days, you haven't even tried to catch a rebound. You're really patient."
"Oh, by the way, I'll give you the championship prize money for the live competition as well."
Li Feng hesitated and said, "It's only July now, and it's not even August 1st yet. That's not good."
Gan Yitong laughed and said:
"What's wrong with that? Look at these contestants. Before the stock market crash, some of them might have been able to compete with you. But now, with the crash, all of them have shown their true colors. Not a single one has escaped unscathed. And you're still making several times the profit. They can't catch up even if they're beaten to death."
"It's true what they say: when the tide goes out you see who's been swimming naked."
"I'll go through the procedures and call you later. Now let's continue drinking tea."
The two talked for a while, and Li Feng was about to leave, saying, "Oh, Mr. Gan, I have something else to do, so I'll take my leave first."
Gan Yitong laughed and said, "Why are you in such a hurry? Are you thinking about accompanying your two confidantes? Oh, number two, you're so lucky! One isn't enough, you even have two... If your kidneys aren't working, I'll give you a bottle of Liuwei Dihuang Wan... I guarantee it's authentic..."
As he said that, he really went to look in the drawer.
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