Chapter 608 Investing Is Worse than Being a Spy

Zhang Yaoyang felt that he needed to work very hard to make money, because the 200,000 deposits he had managed to save over the years were made into venture capital by his prodigal daughters, and he lost 130,000 in one breath.

It's not easy to earn 130,000 yuan these years. I can buy a Honda Civic! In Shanghai, you can also buy a house of two square meters.

In fact, the so-called venture capital and venture funds are not so profitable. Those fund investments with an annual return of more than 10% are unreliable when you think about it. Most of them are funds that others have almost played, and then need to find a bunch of successors to solve the problem.

Can it be my turn to invest in a really profitable fund? Those funds with an annual income of 17%, those funds that can really guarantee returns, what do these things have to do with ordinary people like myself? That's what the big guys do.

They continue to split various bonds, invest money in various hot industries, and then promote these industries. Create companies that look like unicorns one after another, and when everyone is chasing these unicorns, they quietly short these unicorns.

When ordinary people rush in with money, fearing that they will not make money if they invest it too late, they have already withdrawn. Only a group of idiots are left to help take over, and the final smash is in the hands of such retail investors.

Just like the subprime mortgage crisis in the United States. The outbreak of the subprime mortgage crisis was caused by the bankers playing off. In the beginning, the real estate bonds made in the US real estate market were all composed of bonds with the highest AAA rating. These mortgage bonds are made up of the American middle class. They have stable jobs, stable families and stable income.

Therefore, including many pension funds, medical funds and various national insurances, they put money into these mortgage bonds. Many banks and investment institutions, including Lehman Brothers, packaged these housing bonds to form a seemingly perfect bond transaction. system.

After all, how many people in this world can buy a house without a loan? This is a platform that looks very stable and will definitely make money.

And when this bond platform has been developed for decades, it has completely changed. Because banks have earned excess and stable profits from the housing bond platform, in order to eat more cakes, they have lowered their requirements for lenders without limit.

Mexican immigrants, strippers, bar keepers. As long as an individual can get a loan from a real estate agent to buy a house, real estate worth hundreds of thousands of dollars has become readily available, and the dream of having a house for everyone in the United States has become a reality. However, low-interest loans are not permanent, and the repayment ability of borrowers is not all equally stable.

Real estate agents coax people who don't know their shit into houses, promising long-term low-interest loans. However, in fact, these commercial loans will usher in a wave of explosive interest rate hikes after the previous two years of low interest rates. Because bankers can no longer make the profits they want from packaged bonds. Simply put, the sale of housing bonds has entered a period of saturation.

Eight years ago, a stripper provided three apartments in New York. This is not a fairy tale but a reality. But unstable income, uncertain future. She has the lowest B rating in the Debt Trust System rating. And that's not the worst part, those Mexican immigrants who don't have a job and don't know what they're doing all day don't even get a B rating. But they bought a $300,000 to $500,000 property in Buffalo in Atlantic City. Because the real estate agent offers a zero down payment plan. They don't even have to pay a dime, they can live in luxury villas with just a few signatures, why not? !

And these junk bonds and those AAA-rated bonds were packaged together and sold to other people together. AAA-rated housing bonds all float on the surface, looking magnificent. And underneath those AAA-rated bonds is rotting BBB-to-B junk.

But who cares? How can American houses lose money? How can American houses not worry about selling? Come on, as long as there is a house built, it will be sold soon. American real estate never loses money!

Everyone waved their money into the real estate market, and then...the avalanche began.

Those B-rated debtors couldn't repay their loans at first, and when the banks started to collect payments with commercial interest instead of low interest and no interest, they realized how terrible the loan to support a large house was. Many people left their houses and started running.

When B-level bad debts began to increase indefinitely, then the BB-level to AAA-level built on it all became a pile of rotten garbage.

The big guys on Wall Street asked the president to save the market, and the president put out trillions of dollars to save these bankers. Because they can't go bankrupt, and when they go bankrupt, the country's economy collapses. So in the end, the subprime mortgage crisis that swept the world became the hard work of the whole world to protect the predators on Wall Street.

Countless middle-class Americans are bankrupt. The bigwigs on Wall Street continued to run and dance, and survived the crisis with a smile. The only unlucky one may be Lehman Brothers.

"So, it's unreliable to do things like investing. It feels like you have to pay for everything." Zhang Yaoyang is familiar with these economic histories, and he knows how unreliable retail investment is. Many times, retail investors make money through investment not because of good vision, but simply because of good luck.

These are very unreliable, because I can't get any really effective consultation at all. Who knows if the news on the market is true or not. Do you still expect to make money from these consultations? That's a little overthinking.

"It's better to make money honestly." Zhang Yaoyang felt that being a spy was more reliable than investing. Because who knows what it will be like to invest.

At least the money for being a spy has been negotiated, as long as it is done well, there will be one million. Well, I still have to work hard to find a breakthrough with Master Xiao and solve this matter.

Although there are only 70,000 yuan left, it is still necessary to invest some money to please Master Xiao.

Zhang Yaoyang stood in front of the pancake and fruit booth and struggled for a long time, then said: "Boss, here are two sets of pancakes and fruit. One is ordinary, and the other has an extra egg and sausage. By the way, how much is this soy milk?" It's a bloodbath.

Zhang Yaoyang took two pancakes with more eggs and intestines, along with a cup of soy milk for breakfast, to find Master Xiao. Old master Xiao is still at the place where he used to be, sweeping the street at the gate of the workshop.

"Master Xiao, have you had breakfast yet? I brought you something delicious." Zhang Yaoyang showed his most cordial smile.

The old master Xiao turned his head, his eyes were like pandas, and his breath smelled like bad breath: "Morning!"

Vomit ~ Zhang Yaoyang almost fainted, he suppressed the discomfort: "Old Master Xiao, what's going on with you?"

"Hey, don't mention it. I had a tossing night last night, I didn't sleep well, I was a little bit angry, and I just had a little bit of constipation. What do you want from me?" Old Master Xiao gave a huff.

And on the second floor of the workshop, a pair of dark eyes were staring at everything that happened.