kiwanis-nylisc Chapter 416 Stock Market Crash
Chapter 416 Stock Market Crash
Uncle Lu and Third Aunt's husband weren't very close, so they just nodded to each other briefly.
Out of consideration for their family ties, Shen Qingnan truthfully replied, "We're not here to buy, we're here to sell stocks."
"Sell stocks?" My third uncle's eyes widened in disbelief. "The stock market is doing so well right now, only a fool would sell! I specifically took out a loan, ready to make a big splash, maybe I can get rich!"
Shen Qingnan's heart sank, and he frowned as he advised, "Uncle, taking out a loan to invest in stocks is too risky. If you lose it all, you'll never be able to recover. You'd better not do it."
My third aunt's husband waved his hand impatiently, his tone laced with sarcasm: "You child, how can you be so timid at such a young age? Don't delay my path to wealth!"
Shen Qingnan wanted to persuade him again, but Uncle Lu patted him on the shoulder and said in a low voice, "Alright, if he won't listen, then so be it. You've already fulfilled your responsibility to remind him, so you have a clear conscience."
Shen Qingnan nodded and sighed, "Dad, you only came to sell stocks because Lili told you on the phone, right?"
Uncle Lu nodded: "Yes, Lili is a thoughtful and insightful child. Listening to her is the right thing to do."
The two had a considerable number of shares, and it took them two days to completely sell them off.
To their surprise, after they sold their stocks, the stock market surged for several days, and many people laughed at them for being foolish for not making money when they had it in hand.
But Shen Qingnan and Uncle Lu had no regrets whatsoever—they knew in their hearts that they were lucky to have managed to extricate themselves in time.
Finally, it was the end of June.
Shen Li and Ming Xiangyang were enjoying a leisurely vacation by Erhai Lake in Y Province, savoring the rare tranquility, when devastating news arrived from across the country—the stock market had completely collapsed, leaving countless investors impoverished overnight, and the streets and alleys were filled with wailing.
Ming Xiangyang was carrying a laptop computer, which was manufactured by Licheng Machinery Factory. Compared to the bulky models in his previous life, it was much smaller and easier to carry.
In recent years, Licheng Group has developed rapidly, with its businesses spanning various industries, including automobile manufacturing.
Currently, domestic car prices are high, and most rely on imports. Once domestically produced cars are launched, they will inevitably impact the prices of imported cars.
Lu Cheng has already laid out plans, establishing two car brands in China, one targeting middle-class consumers and the other focusing on the high-end wealthy. They are currently in the final preparation stage and will be launched soon.
Shen Li and Ming Xiangyang sat in the courtyard, watching the news about the stock market crash on TV, their expressions solemn.
Shen Li picked up her phone first and dialed Lu Cheng's number. For others, losing money might be a minor matter, but Lu Cheng was deeply involved in the stock market. If he failed to sell in time, the consequences would be unimaginable.
The call connected quickly, and Lu Cheng's voice came through, tinged with relief: "Hey, Lili, you saw the news too, right?"
"Hmm," Shen Li's heart skipped a beat, "Have you sold all your previous stocks?"
Lu Cheng breathed a sigh of relief, his tone tinged with lingering fear: "As soon as you mentioned there was a problem, I arranged for people to sell off the shares the very next day. It's just that I had too many shares, and it wasn't until the day before yesterday that I finally managed to get rid of them before the market crashed."
"That's good," Shen Li's heart finally settled down, and a relieved smile appeared on her face. "It's good that you're all alright."
Lu Cheng smiled and said, "Don't worry, everything's fine. When are you guys coming back?"
Shen Li looked at Ming Xiangyang beside her, her eyes full of tenderness: "Soon, after we've had enough fun here, we'll go back."
The stock market crashed.
Lan Wei called first, her voice still trembling with fear: "Lili, I'm so glad I listened to you, otherwise I'd probably have lost everything this time!"
Before her divorce, Lan Wei had saved tens of thousands of yuan. Initially, she bought gold to preserve its value. After the divorce, seeing the stock market soaring, she followed the trend and cashed out her gold to buy stocks.
The stock market back then was like a wild horse that had broken free of its reins, with its rapid rise so fierce that it made people lose their minds.
But the more abnormally high something's price rises, the less you should touch it—you never know if that seemingly glorious peak is the beginning of a crash.
You might jump right in and become the one getting fleeced.
Shen Li's voice was calm and steady: "It's good that it's sold. Safety is the most important thing."
Lan Wei's voice suddenly rose, tinged with lingering fear and sigh: "Lili! You didn't see what happened today. Several people have already jumped off buildings because of the losses. Their families have fallen apart. That was their entire family's hard-earned money!"
Shen Li was silent for a moment, then slowly said, "We just need to take care of ourselves."
Since they are not familiar with you, even if you kindly remind them, they may not believe you and you may end up in trouble.
On this day, both the second brother and the eldest uncle called, their voices full of relief, thankful that they had listened to advice and sold the property early.
The next day, Lan Wei called again, this time with a hint of sarcasm and anger in her voice.
"Yan Xiangcheng got caught in the trap too," Lan Wei scoffed. "And then he turned around and complained that Zhang Wei and the others sold their stocks, saying they didn't tell him in advance that the stock market was going to fall."
Lan Wei found it increasingly ridiculous: "What gives him the right? What is our relationship with him? Why should we have to go along with him and remind him of everything?"
Anger gradually overwhelmed the mockery, and Lan Wei's voice carried a hint of disbelief and grievance: "I really can't believe it now, how could I have married such a scumbag?"
The most outrageous thing is that Yan Xiangcheng actually mortgaged his house to take out a loan to speculate on stocks, thinking he would make a quick profit and then get out, but he ended up being trapped.
Now, with nowhere else to turn, he is forced to sell his house in his hometown to pay off his debts, and even has the audacity to ask Lanwei for money.
Lan Wei naturally refused.
She's already trying to avoid Yan Xiangcheng, how could she possibly jump into a fire pit again?
For the next week, Shen Li and Ming Xiangyang stayed here, wandering around every day to relax, watching the sunrise paint the sky red, and waiting for the sunset to spread its afterglow.
The two lived like any ordinary couple, chatting about everyday things, and their days were comfortable and peaceful.
Such pleasant times always seem to pass by exceptionally quickly.
With the children on holiday, Shen Li couldn't stay away from home any longer, so the two booked plane tickets and set off back to Pengcheng.
When Shen Li returned to her home in Pengcheng, she was stunned as soon as she entered the garage—Lu Cheng had already neatly piled all the stones she had collected in the garage.
Looking at the mountain of jadeite rough stones in front of him, Shen Li couldn't help but smile, secretly pleased: Who would have thought that this pile of inconspicuous stones was full of top-quality goods?
Haha, she bought all of these with her own money, and each one contains a surprise.
On the contrary, most of the items in her space that she obtained without spending money were of average quality.
Anyway, that unscrupulous merchant didn't get any benefit this time, which makes me feel relieved.
This trip, including all the fun and things I gained, only cost me less than two small goals.
If you include the collections on the surface and the "zero-dollar purchases" in her space, she probably has at least several dozen small goals.
This is based on current prices. If we were to consider future generations, when the price of jade skyrockets, these treasures would be worth at least eighty, if not a hundred, small fortunes.
The feeling of financial freedom is just amazing.
With money, you won't be tied down by worldly affairs, and you can do whatever you want and live the life you desire.