Chapter 205: Chapter 168 Storm
Little Fart Kid was so happy, she was beyond compare.
However, her happiness didn\'t last long before her little face fell, and without a word, Liu Fen took her inside to change her diaper.
She had pooped again, and it stank to high heaven.
That\'s the annoying thing about Little Fart Kid; usually, she\'s very cute.
When Liu Fen came back holding her, she said, "Pingsheng, do you really need to make that thing? Why not just buy one!"
What\'s bought is certainly better than what he could make.
Chen Pingsheng refused to admit it, "It\'s different, when we were young, our parents made things for us by hand. We never bought any big toys."
Fine, Liu Fen couldn\'t be bothered to argue.
She still had plenty of serious things to get on with.
Since last year, the stock market had been booming.
If one had to describe the stock market in the past two years with a single phrase, then "even the cleaning lady can easily make a fortune" would be it.
What exactly was the reason?
Even Chen Pingsheng himself wasn\'t clear on that, but Liu Fen had started playing the stock market since last year.
Their family had a savings of several hundred thousand to begin with.
From last year to this year, their savings rose from a little over half a million to nearly nine hundred thousand.
An increase of a whopping 100%.
Anyone who has dabbled in stocks knows that a 20% increase in a year is already incredibly impressive.
Not to mention the across-the-board surge like the current situation.
Apart from taking care of the child, Liu Fen spent her days looking at the stock trends on her phone.
Or she was in the group chat sharing her stock trading experiences with the other ladies.
When the market is good, everyone\'s a stock god.
But as soon as the market goes south, everyone turns into a jinx.
Clearly, the current stock market trend is extremely favorable.
Even Liu Fen, who\'s not particularly well-educated, could make smart observations about stocks.
That shows how good the market is now.
According to incomplete statistics, since the beginning of this year, there have been about four million new stock accounts opened on average every week.
That\'s a massive number. One should know that rural residents, who make up the largest base of the population, are the least likely to play the stock market.
It\'s mostly the laid-back middle-aged and elderly city dwellers who are enjoying their pensions that like to engage in such activities.
Of course, real estate trading is another popular venture.
Four million new accounts a week almost means that half the urban population is involved in this activity.
"With the stock market being so good, Pingsheng, why don\'t you try your hand at it too?" Liu Fen thought it was quite profitable.
"I did, I bought fifty million worth of Vanke shares."
"You bought Vanke shares?"
Liu Fen was astonished; her son-in-law had quietly entered the market with fifty million.
She hadn\'t seen him glued to the numbers on the screen, analyzing them.
That\'s the difference between small investors and big investors; small investors watch the market obsessively every day.
Big investors throw in a few million or even a billion and then wait for one or two years.
They don\'t have the luxury to watch it every day.
Liu Fen asked him, "Do you have some inside information on it?"
"A little bit, not much."
Chen Pingsheng concentrated on making the little trolley for Little Fart Kid.
Liu Fen watched his casual demeanor, as if investing fifty million was no big deal for him.
But her son-in-law was a different man now; a little tip from him was sure not to be wrong.
Liu Fen opened her family and friends stock chat group. The men were all out working hard to make money, and these ladies were all endeavoring to make money work for them.
Liu Fen: "Ladies, I\'ll tell you a secret tip. Vanke\'s going to skyrocket."
Second cousin: "Where did you hear that from?"
Third cousin: "Last time you said \'inside information,\' but it didn\'t soar much at all."
Fourth sister: "Don\'t listen to her, everyone just stick with Storm Technology."
"Storm Technology\'s rise is too exaggerated. It\'s almost hitting three hundred per share, can it grow even more?"
From an initial public offering price of seven yuan, Storm Technology headed for an almost forty-fold increase in a short time.
God knows how outrageous that is.
Eldest cousin: "You lot don\'t know anything. In the stock market, you chase the rise not the fall. The faster it rises, the more people buy."
Chen Pingsheng had of course heard about Storm Technology.
Some of his classmates had bought a small number of shares early on and decisively sold when the stock reached over a hundred, withdrawing from the market.
A situation too good to be true usually points to trouble.
In their words, the major stockholders were selling off, while the small investors were still frantically entering the market.
Who ended up being the last fool was a matter of how fast you could run.
After all, with just that little substance, how could they support a high stock price in the long run?
There were big players manipulating the market from behind the scenes.
"That\'s right, I bought in when it was over two hundred a share. My heart was in my throat at the time, but hasn\'t it almost reached three hundred now in just a short while?"
Liu Fen: "If you trust me, sell now!"
They were family, after all; she felt she had to offer a word of caution.
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Relatives from the Liu family all had some money to their names.
In Capital City, earning power might be dismal, but couldn\'t they just make a fortune from demolition compensations?
Following the big trend, they then used the money to speculate in real estate.
That\'s where the wealth disparity came from.
In China, at least 80% of the millionaires\' fortunes had nothing to do with their abilities.
It was closely linked to where they were born.
In rural areas, lacking that initial capital to get ahead,
the first thing most people did after earning some money was to build a big house for their family in the countryside.
The next thing was that their sons grew up and needed to marry, draining two generations\' savings to buy a house in the city.
Think about that logic.
Frightening upon reflection.
The last fool is in the countryside.
"Trust you? We\'ve seen what kind of foresight you have, Liu Fen!"
"If you\'d treated your son-in-law better in the past, you could be living in a palace by now."
Liu Fen retorted, "What\'s the point of saying that? The house I\'m living in now is hundreds of square meters. How is that bad? Besides, I\'m just kindly reminding you all."