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Chapter 475: Choices
Chapter 475: Choices
As soon as Zong Shimen returned home, she asked her husband about the stocks. It was a weekend, so the market was closed; otherwise, she would have gone straight to the company to find someone after the gathering.
Hu Zhifeng was a bit surprised, "When did Nie Zhan and Lu Jiaxin sell all their stocks?"
Zong Shimen asked hesitantly, "They sold everything just this week. Zhifeng, what do you think? Should we also sell our stocks?"
It was a difficult decision. The stock prices were rising steadily, and selling now might mean missing out on further gains. But Nie Zhan was a well-known figure in the financial industry, and his decision to liquidate his holdings likely indicated that he sensed an impending shift in the market. If there was a downturn, she would face significant losses.
Instead of answering immediately, Hu Zhifeng called Nie Zhan to inquire about the matter, "Azhan, did you really sell all your stocks?"
Nie Zhan knew that Lu Jiaxin had gone out to play tennis with Zong Shimen and the others that day, and he immediately understood where this question came from, "I only kept the stocks for Peninsula Hotel and Oriental Culture. The rest have all been sold."
In addition to the stocks of these two hotels, he had also sold all his other financial holdings, including stocks purchased in America and London, as well as the Nikkei index. However, there was no need to divulge all the details, and it was better to let others analyze the situation themselves.
Hu Zhifeng was taken aback, "Do you no longer have confidence in the stock market?"
"The stock market can't keep rising indefinitely," Nie Zhan replied. "It's normal for there to be ups and downs, but we never know when the downturn will come."
His stocks had already seen an average increase of 188%, and he was content with that. Even the best stock manipulators couldn't predict the exact day of a market crash. He intended to keep the money in his account to help Lu Jiaxin buy back the stocks of Wan Sheng Real Estate and Green Forest when her index futures went bust.
Hu Zhifeng nodded, "Let's meet up for a drink tomorrow if you're free."
Nie Zhan declined, "I have to teach Jiaxin tonight. But let's go play golf together on Saturday, and I'll bring Jiaxin along too."
"Sure."
Zong Shimen asked as he hung up the phone, "What did Nie Zhan say?"
Hu Zhifeng briefly relayed Nie Zhan's words, knowing Zong Shimen's personality well enough to make the decision for her, "Go ahead and sell yours. Even if the market continues to rise, it probably won't go up by much. Nie Zhan has a keen sense for these things, and I'm also planning to reduce my stock holdings."
Without further hesitation, Zong Shimen immediately called her stock manager and instructed him to sell all her stocks.
While Hu Zhifeng had a personal financial advisor, Zong Shimen managed her dowry herself, keeping it separate from her husband's family wealth. Having witnessed the bitter conflicts between wealthy couples, she usually refrained from touching her dowry and only made conservative investments. This time, lured by the booming stock market, she had invested all her liquid funds into stocks.
Meanwhile, Shi Xinyu also discussed this matter with Tao Yong.
Unlike Hu Zhifeng, Tao Yong, as the president of an investment company, had a deeper understanding of the market and stock trends, "The stocks on Wall Street have been rising, and the Dow Jones index has been soaring. The stock market in Hong Kong City will definitely continue to rise as well."
"So, you're saying the stock prices won't drop?" Shi Xinyu asked.
Tao Yong replied confidently, "No, they won't. Hong Kong City's economy relies heavily on foreign trade. As long as Wall Street's stock market continues to thrive, the Hong Kong stock market won't fall."
Despite Tao Yong's assurance, Shi Xinyu still felt uncertain. After all, in terms of investment prowess, Nie Zhan had achieved more impressive results, and her boyfriend seemed to fall short in comparison.
The next day, Shi Xinyu called Zong Shimen to ask if she planned to hold on to her stocks or sell them.
Zong Shimen laughed, "I've already called my stock manager and asked him to sell all my stocks. Why? Are you hesitating to sell?"
Shi Xinyu was unable to make a decision right away. "Tao Yong said that Wall Street stocks are rising daily, and the market in Hong City will follow suit."
Zong Shimen didn't understand these things either. At the beginning of the year, everyone was buying stocks, and after consulting her husband, she invested all her cash on hand. Now that her husband was asking her to liquidate her stocks, she was prepared to do so. While the couple occasionally disagreed, their interests were aligned, so they always heeded Hu Zhifeng's suggestions.
"So, you're going to listen to Tao Yong and continue holding on to your stocks?"
"But I'm afraid they'll drop," Shi Xinyu replied, concerned.
When it came to money matters, Zong Shimen couldn't make decisions for her either. Recalling what her husband had said the night before, she advised, "If you're worried, sell off a portion. If the market continues to rise, you'll just make a little less profit."
"But I'm afraid Tao Yong will think I don't trust him, and he'll be unhappy," Shi Xinyu fretted.
Zong Shimen was speechless. What was there to be unhappy about? Tao Yong worked in investments himself; how could he not know that diversifying reduced risk? However, she didn't want to meddle in the affairs of the young couple, so she left Shi Xinyu to consider her options.
As a friend, Zong Shimen felt that giving advice was enough; whether or not it was heeded was beyond her concern. In fact, among the four of them, Jia Xin was the most straightforward and decisive, never wavering or allowing herself to be influenced by men.
Shi Xinyu hesitated for a day before inviting Yu Meotong to dinner again to seek her advice.
Yu Meotong's thoughts were simple. She didn't understand stocks or index futures, so she figured that following the advice of professionals was the way to go.
Shi Xinyu said, "Tao Yong works in investments, so he should be more professional than Nie Zhan."
Yu Meotong secretly thought that if Tao Yong were more professional, he should have made more impressive gains. But she kept these thoughts to herself, merely saying, "Follow Sister Shimen's advice and sell off a portion. If you're worried about Tao Yong being unhappy, just don't tell him. This is your allowance, and he won't ask you for it anyway."
In her opinion, there was no need to agonize over this. Jia Xin had liquidated over a hundred million dollars' worth of stocks, and following her lead was the safe bet. As for Tao Yong, it didn't matter what he said; her own finances were more important. However, after experiencing so much, Yu Meotong had learned to be more considerate in her words and actions.
After much deliberation, Shi Xinyu eventually sold off a third of her stocks, doing so secretly without Tao Yong's knowledge.
Lu Jiaxin, on the other hand, didn't agonize as much. She continued her daily routine of teaching classes. The money had already been spent, and there were only two possible outcomes: either the index would rise by more than 8%, leading to a margin call and total loss, or it would soar, resulting in substantial profits. Because she didn't know how the index would perform during this period, the risk was significant, unlike the stock market crash that would occur later in the 2000s, about which she had more knowledge.
After finishing up with a math problem, Nie Zhan asked, "Is Hu Zhifeng still available this weekend to go golfing with us? Do you have time?"
He had been busy these past two days and hadn't wanted to disturb Jiaxin's rest, so he hadn't come over.
Lu Jiaxin shook her head. "There's going to be an art exhibition at school on Saturday, and one of my paintings was selected. I promised the class president I'd be there, so I can't go back on my word."
Upon hearing this, Nie Zhan immediately straightened up and asked, "An art exhibition? Your painting was selected? Jiaxin, why didn't you tell me about something so important?"
Lu Jiaxin smiled at his reaction. "My painting has too much of an artisan feel to it, so it wasn't originally chosen. I donated 20,000 yuan as a sponsorship fee, and that's how my painting got selected. If I hadn't promised the class president, I wouldn't even want to go."
"Who's your class president?" Nie Zhan asked. Lu Jiaxin had never mentioned her classmates from her first and second years, but now, in her final year, she had brought up the class president more than once.
Lu Jiaxin smiled softly. "Don't be silly and jealous. The class president is a beautiful young lady."
Oh, a girl. Nie Zhan relaxed. No problem, then.
(End of Chapter)
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