Chapter 99 The Stock Market is Worse than Casinos
“Dang~dang~”
The knock on the door, accompanied by Li Youhu's shouts, reached inside the house.
The people in the room were stunned for a moment.
It was just getting dark that day and someone came. Is he in such a hurry?
Li Youjiang glanced at the suitcase and said, "Xiaofeng, put the money away first. I'll go open the door."
Having said that, he walked out of the house.
Li Feng got down from the dining table, dragged the suitcase over, took it to the next room, and covered it with a floral quilt.
Soon, Li Youhu followed Li Youjiang into the house.
"Brother, I heard you were back, so I came to see you." As he said that, Li Youhu put the milk in the corner of the room.
"Oh, you're here. What did you bring with you?" Wang Xiurong said while cleaning up the dishes.
"Come, there's a lake, let's go inside and sit down." As they said that, the two of them went into the inner room.
Li Youhu handed him a cigarette and said, "Brother, have you been doing well out there these past few years?"
"What's the problem?" Li Youjiang lit a cigarette and said, "Where do we go, we're working?"
"Hey, big brother, I heard Xiaofeng has made a lot of money in the stock market in the past two years. I want to invest in the stock market too. You can ask Xiaofeng to teach me some secrets. I'm not greedy. I'd be happy if I could make 50% a year."
Li Youjiang didn't understand the stock market. He took a puff of cigarette and thought, whoever makes money in the stock market will make money. Instead of letting others make money, it would be better for brothers to make money together.
He turned around and shouted, "Xiao Feng, come here, your uncle wants to see you for something."
Li Feng walked in and sat on the edge of the kang.
Li Youjiang said, "Xiaofeng, your uncle wants to learn how to trade stocks. Please teach him."
Li Feng was stunned for a moment and couldn't help but look at his third uncle Li Youhu.
Li Youhu is nearly fifty years old, with a strong build. He is wearing a promotional T-shirt with "Luxi Fertilizer" printed on it. His face is slightly red and his hair is a little sparse.
If you rashly enter the stock market at this age, I'm afraid the rest of your life will be ruined by it.
Li Feng thought for a moment and said, "Uncle San, do you gamble?"
"Hehe, sometimes I gamble a little." Li Youhu said.
Li Feng continued: "Do you have a good chance of winning the bet?"
"Hey, gambling mainly depends on luck. If you are lucky, you get a good hand of cards and you win no matter how you play. If you are unlucky, you get a bad hand of cards and you lose no matter how you play! Generally speaking, small bets are just for fun. There is no big profit or loss." Li Youhu said after blowing out a smoke ring.
Li Feng continued, "Uncle San, the stock market is much more dangerous than gambling. When you gamble, you might lose five or six out of ten, but when you trade stocks, nine out of ten you lose."
"How is that possible? The worst that can happen in farming is three years. If you lose money in stock trading, who makes money? Could it be that the money just disappears out of thin air?" Li Youhu retorted in disbelief.
Li Feng knew that his third uncle must have heard that he made money by trading stocks and wanted to follow suit to make some money. It was just like planting crops. If a certain crop made money, everyone would follow suit and plant it. But in the end, it was a mess and no one could make any money.
"Uncle San, let me tell you, when you gamble, even if the owner takes a cut, it's only 10%. But when you trade in the stock market, just look at it."
Li Feng took out his mobile phone, searched for a set of data, and continued,
"This year alone, stamp duty was 200 billion, commissions were 200-300 billion, and financing was at least several hundred billion, yet dividends were only over 600 billion, not including transfer fees and handling fees..."
"The gap is nearly a trillion yuan. It's like taking a cut of everyone's profits when gambling. Not to mention the many large institutions and speculators in the stock market. They can go long or short, and they can manipulate the market as they please. They also have advantages in information, capital, talent, trading channels, and so on..."
"To be honest, the stock market is even worse than a casino. In a casino, you have rules, but here, many people cheat. They see your cards, set traps for you, and steal your money."
"I only make money when times are good. Look, the Shanghai Composite Index is still around 3,000 points, almost 4,000 points. It's neither going up nor down, so it's hard to make money."
"So, Third Uncle, please stop speculating in the stock market. At your age, if you lose a lot, it will be very troublesome. If you don't believe me, go read the book 'The Ultimate Bullish Investor'. Liu Bin in the book lost millions in a single day!"
Losing millions in one day! ?
This huge number scared Li Youhu and Li Youjiang.
Li Youjiang also advised: "Youhu, just farm our land honestly and you can retire. Why take such a big risk? Stock trading is just like farming. Once the solar term is over, it's over. Don't worry about it."
Li Youhu took a puff of cigarette, regained consciousness, and then thought of the cash in the suitcase that Li Feng had opened in public a few hours ago. Greed arose in his eyes and heart, and he said:
"How do you know if you win or lose without gambling? How do you know if you win or lose without trading? Xiaofeng, stop talking about these useless things and tell us how to trade stocks!"
"If I don't work hard now and make some money, how can I find a wife for Xiao Zhen? You don't know, in our village now, to get a wife, you need a car, a house, and a betrothal gift. Without one million, you really can't come up with it. Look, my hair has turned white from worrying about it."
Li Youhu pointed at the white hair on his head.
"Alas..." Li Feng sighed and continued to persuade, "Uncle San, if you really want to invest in stocks, just treat it as gambling. Don't take it seriously. When you have time, download Tomato's novel and read "The Ultimate Bull Retail Investor." His investment is equivalent to yours, and..."
"Okay, I understand. I'll go check it out right away," Li Youhu said. Then he turned to Li Youquan and said, "Brother, if Xiao Zhen gets married, you can't just ignore him. You have to help me."
Li Youjiang pondered for a moment and replied, "Yes!"
"Thank you so much, brother. I'll leave first." After saying that, Li Youhu got off the kang and walked out the door.
Li Youjiang, Wang Xiurong and Li Feng were seeing him off.
After taking two steps, Li Feng looked at the aged back of his third uncle, Li Youhu, and continued to persuade him, "Third uncle, listen to my advice. If you want to play, just gamble a little and satisfy your gambling addiction. Don't speculate in stocks."
"Okay, okay, I got it. Don't see me off. The moon is bright today!" Li Youhu responded.
"well…"
Li Feng sighed deeply.
"Xiaofeng, why are you sighing? Since stock trading is so difficult, your third uncle lost money and learned a lesson, so he won't trade stocks anymore, right?" Wang Xiurong was puzzled.
Li Feng explained:
"Mom, you don't understand. Stock trading is addictive. Scientific statistics show that the dopamine secretion is even stronger than that of getting married, second only to XD. Out of ten stock traders, less than eight can finally quit. Many people trade stocks once and trade them for life. They wish the stock market were open every day, trading every day, 24 hours a day."
Li Feng said, took out his cell phone and said:
"If you wanted to gamble, you had to travel to the casino. But now, when trading stocks, you do it on your phone, four hours a day, five days a week, and you can place bets with just the tap of a finger. It's like carrying a casino with you, and you're tormented by the stock market every day."
"Who can stand this? In the end, many people not only lost all their money, but also developed a lot of health problems. It would be better for them to just work and farm honestly."
"So powerful!?"
Wang Xiurong was shocked. She thought he was addicted to gambling, but she didn't expect that his addiction to stock trading was even worse than gambling.
After thinking for a while, she hurried back to the house, took out her cell phone, and called Li Youhu's wife Deng Xinqiao, saying:
"Xinqiao, you know what? Youhu said he wants to invest in the stock market. You have to keep an eye on him. I heard that investing in the stock market is even more dangerous than gambling. You can lose millions in a single day. It's terrifying!"
"By the way, he just left our house. Did he go to borrow money from someone?"
Can you lose millions in one day?!
Deng Xinqiao was frightened and stunned for a moment. After she recovered, she cried out in sorrow:
"Wuuu... He dares, wuuu... If he loses so much, how can I live like this... Wuuuu... Li Youhu, I will never let you go!"
With that, she ran out of the house to look for Li Youhu.
Li Youjiang and the other two had just returned to the house when the knock on the door sounded again.
"Who again?"
Li Youjiang was puzzled and walked out of the house.
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