Cold Jun was really depressed.
He had previously heard Kai’s advice and sold half of his stocks. As for the remaining half, Cold Jun had been hesitating whether to sell them or not.
During the Spring Festival, Cold Jun took Gan Tao to Chengdu for a trip, and Chen Ru also said she was not optimistic about this year’s stock market.
At that time, Cold Jun pretended to ask Chen Ru for advice on how to trade stocks, but in reality, he was helping his cousin Gan Tao pursue Wen Kai’s family. Not long after returning to Beijing, Wen Kai confessed to Gan Tao, so Cold Jun completely forgot about asking Chen Ru for advice.
In February, the main index was still over 4000 points, but by May it had dropped to just over 2000 points, almost halved!
This was not a stock market chart, it was the fluctuating electrocardiogram of the investors, the kind with severe heart stimulation.
Fortunately, Cold Jun listened to Wen Kai and sold half early. The profits from that half were enough to cover his original investment and break even.
But if he had sold everything and taken the money out earlier, he would be making a huge profit now!
“What a pity.”
Cold Jun felt depressed for a while, then cheered up again and muttered to himself to comfort himself: “I’ll call my second aunt right now to say hello. It’s been a long time since we talked, I really miss her.”
“First, she is my second aunt; second, my second aunt is definitely not an old lady!”
Wen Kai corrected Cold Jun.
Cold Jun chuckled: “Aren’t you and I sworn brothers? I don’t treat you as an outsider, yet you’re so distant with me. Sure enough, once the bride enters the room, the matchmaker gets thrown over the wall!”
Wen Kai’s face turned bright red instantly.
“Don’t talk nonsense!”
What bride entering the room? He and Gan Tao had not reached that step at all.
Wen Kai was indeed at the age full of youthful vigour. It was his first love, so of course there were moments of restlessness. But he respected Gan Tao and cherished her. Until he was certain he could give her a happy life, he would never cross that line!
Tsk tsk, what a pure and foolish boy.
Cold Jun tsked in amazement: Heaven has eyes, sending this fool to match with his cousin Gan Tao. Both pure, both foolish, neither can look down on the other!
…
It was not only Cold Jun who was thinking about Chen Ru.
When the main index fell below 3000 points, Wen Ying’s third uncle Wen Changlin almost wanted to set up long-life tablets for his elder brother and sister-in-law and burn incense every day!
“If it weren’t for second brother forcing me to sell the stocks…”
Wen Changlin was drenched in cold sweat.
Wen Ying’s third aunt was also extremely frightened: “If second brother hadn’t forced you to sell, we might be sleeping on the streets now!”
If they had not sold, not only would the more than 100,000 yuan in profits be gone, but even the original capital would be lost.
The capital came from mortgaging their house in Chengdu. If they could not repay the loan, the bank would surely take the house. The couple would either have to return to their hometown county in disgrace or sleep on the streets in Chengdu!
After selling the stocks and earning more than 100,000 yuan, Wen Kai asked Zhu Meiqun to spread the word that their family was buying a second home. As soon as the third aunt heard this, she immediately felt competitive and rushed to make the down payment on a second home before Zhu Meiqun.
In this way, Wen Changlin and his wife not only avoided losing their principal in the stock market crash, but actually gained an extra mortgaged property.
One for living in, the other for renting out. The rent covered most of the mortgage, so the couple’s life would not become too strained.
Looking at the current index, Wen Changlin obediently called Wen Dongrong to apologise.
Wen Changlin’s words on the phone would fill several thousand characters if turned into a self-criticism. Wen Dongrong was touched at first, but later felt exhausted.
“Third brother, can you speak more concisely?”
“Second brother, please thank second sister-in-law for me!”
“I persuaded you, why thank her?”
Wen Changlin knew that the person who stepped in to stop him was second brother Wen Dongrong, but the one with such foresight must be second sister-in-law Chen Ru.
When it came to navigating official circles, second brother Wen Dongrong was certainly the expert.
When it came to understanding the stock market, it could only be second sister-in-law.
Wen Changlin did not look down on his own second brother, but he felt that Wen Dongrong might not even know how much money the family had.
These words stung Wen Dongrong: So what if he did not know how much money the family had?
Among married men in Sichuan Province, probably very few knew the exact amount of family savings, yet everyone still lived well.
The head of the family only needed to guide the overall direction of the family. Trivial matters like managing money could be left to the women!
Not managing money, Wen Dongrong still had food to eat and a house to live in.
Not managing money, Wen Dongrong could still sponsor poor students.
Not managing money, he still received 4000 yuan in generous pocket money from his wife.
Not managing money, he could still receive a laptop from Hei Xin Mian.
Not managing money, he still had the motivation to write more articles and earn manuscript fees.
Thinking like this, Wen Dongrong felt open-minded again:
“Third brother, you are still too young… Your level is not there yet. Even if I explain, you won’t understand. Reflect on yourself properly. I have work to do!”
Wen Changlin thought about it for a long time but still did not know what his second brother was so pleased about.
Sigh, this must be what second brother meant by “level not there yet”!
…
The Qin family.
Qin Xianming asked his son Qin Yi: “Do you admit it now? You thought you were very smart, thought your judgement was accurate. And what happened? There are too many people in this world better than you!”
Fortunately, Qin Yi was only in charge of ‘Shrimp King’ at the time. Even when greed arose, he could only misappropriate money from ‘Shrimp King”s accounts. Qin Jiao discovered it early, and Qin Xianming could still cover the shortfall for Qin Yi.
If Qin Yi had already taken over the family business and invested all the money in the stock market without consulting anyone else, with no supervision and no reminders… the wealth Qin Xianming had accumulated over half a lifetime would probably have vanished by now!
Making money with money is both easy and difficult.
Wealth accumulates slowly but dissipates quickly.
Besides the loss of assets, such failure is also a devastating blow to a person’s investment confidence.
Qin Yi’s face was full of shame: “Dad, I know I was wrong.”
Qin Xianming shook his head. “No, you don’t know yet. This time your sister pointed out your mistake, and I stopped you from continuing. Only when there is no interference from us and you can still control your greed will you truly understand and correct your mistake.”
In the end, Qin Yi’s starting point was too high.
The money was not earned by him one penny at a time, so he was not cautious enough when spending it.
In the past, Qin Xianming thought Wang Shuang was sloppy, but now he saw that Wang Shuang was stronger than Qin Yi. Wang Shuang had already learned to be down-to-earth, but Qin Yi had not!
He heard that Wang Shuang once dragged a cart to the clothing wholesale market to purchase goods, was cheated, and even cried from exhaustion.
Qin Xianming looked at his son thoughtfully.
If Qin Yi had nothing now, would he make some progress?
Qin Xianming struggled inwardly for a while, then sighed deeply: “I plan to hand over the family business to your sister to manage. I’ll guide her first and let her take over gradually. In a few years, when she can fully take charge, I’ll retire. While I’m still young, I can take your mother travelling around.”
Qin Yi felt like a stone was stuck in his throat. After a long pause, he could only say one word: “Okay.”
Qin Yi did not doubt for a moment that Qin Xianming was lying. The Qin family had no tradition of favouring sons over daughters. Qin Xianming had long said that whichever sibling was capable would take over the family business.
Qin Yi had made a huge mistake, so it was only natural for Qin Xianming to choose Qin Jiao as the successor!
