Chapter 450 Fang Minghua Buys Stocks

"Stock market crash?"

Fang Minghua didn't care about the stock market before or now, so he really didn't know.

Sun Lizhe told him.

It turned out that on Monday, October 19, last year (1987), the New York stock market on Wall Street was hit by a stock crash, and the largest crash in history broke out. The Dow Jones Index fell 508 points in one day, a drop of 22.6%, setting a record for the largest single-day drop since 1941.

In 6.5 hours, the New York stock index lost 500 billion US dollars, which is equivalent to 1/8 of the US annual GDP.

This stock market crash shocked the entire financial world and produced a "domino effect" in stock markets around the world. Stock markets in London, Frankfurt, Tokyo, Sydney, Hong Kong, Singapore and other places were strongly impacted, and stock prices fell by more than 10%.

The stock market crash caused great panic among stockholders in Western countries. Many millionaires became paupers overnight, and thousands of people suffered mental breakdowns and jumped off buildings to commit suicide.

This day was called "Black Monday" by the financial community, and the New York Times called it "the worst day in the history of Wall Street."

"This year, the US stock market has not fully recovered, and the stock market fell sharply a few days ago." Su Lizhe finally said.

Fang Minghua smiled and said:

"It doesn't matter. Didn't Buffett say: When others are greedy, we feel fear, and when others are fearful, we become greedy. Now is the time to be greedy."

"Oh. You still know Buffett? It seems that you have done your homework in the United States to buy stocks, not just on a whim." Sun Lizhe joked.

I want to buy stocks, but I haven't done any homework. I just know this sentence of Buffett, and I don't know anything else.

Of course, Fang Minghua will not tell her his little thoughts.

Since Fang Minghua decided to buy, Sun Lizhe didn't persuade her too much, and drove Fang Minghua to the city the next day.

First go to the First National Bank to check the funds in your account.

Well. 7.02 million US dollars.

These incomes are mainly royalties from novels and scripts in recent years, and a small part is dividend income from investing in Sun Lizhe's company.

Sun Lizhe was envious when he saw this amount.

In the United States, this is also a rich man level.

Fang Minghua decided to keep 100,000 US dollars for emergency use, and invest the rest in the stock market!

After checking the funds in their accounts, the two drove straight to the stock exchange.

The Chicago Stock Exchange is called the Midwest Stock Exchange. It is one of the oldest exchanges in the United States. It is said to have been established in 1882. It is located in the center of Chicago. When the two drove there, there were not many people inside.

According to Sun Lizhe's introduction, although the Chicago Stock Exchange has a long history, its scale is not as large as the New York Stock Exchange.

But Fang Minghua doesn't care, as long as he can buy it.

First, you have to open an account. Fortunately, the exchange is open to foreigners. Fang Minghua quickly opened the account with a lot of information. When the staff of the stock exchange found that this black-haired and yellow-skinned young man transferred 6.92 million US dollars to the account designated by the exchange, their eyes immediately became respectful.

"Sir, are you Japanese? Korean? Taiwanese? Hong Kong?" The other party was very curious and named several places.

"I'm sorry, let me correct you first. Taiwan and Hong Kong are just part of China and should not be listed with Japan and South Korea." Fang Minghua looked a little serious.

"I'm sorry, sir."

Fang Minghua did not pursue this any further. There was no need to compete with an ordinary American.

"I'm Chinese."

"Mr. Fang, this way."

The staff led him to a room similar to a VIP room. After a while, a middle-aged man who looked like a manager came in, followed by a young man with glasses.

The other party introduced himself as the lobby manager. In view of Fang Minghua's large investment amount, he strongly recommended that he hire a private financial advisor.

"This Mr. Phillips is a top student who graduated from Elgin Community College in Chicago with a major in finance. He has interned on Wall Street and has rich experience in stock trading. He can help you configure stocks and get the maximum return. And his salary is very cheap."

Elgin Community College?

Never heard of it? And why does this name sound like a domestic workers' university?

In fact, Fang Minghua really guessed it right.

Elgin Community College is a university that trains technical talents. If it were in China, it would probably not even be considered a second-tier university.

Junior college, right?

Fang Minghua actually didn't want a financial advisor, but thinking that he had been in China for many years, he didn't know much about the US stock market, and now there was no Internet, so it was not a big deal to keep looking for Sun Lizhe. Someone who could explain the general situation of the stock market would be enough.

This does not require high talent.

In addition, he saw the eager eyes of the young man named Phillips, and it seemed that he really wanted to get this job.

Forget it, just treat it as a charity to solve the employment problem.

So Fang Minghua agreed.

The two sides quickly negotiated the salary issue. As Fang Minghua's personal financial advisor, Phillips' annual salary was 5,000 US dollars - of course, he probably didn't just take Fang Minghua's job.

The two sides signed an employment contract, and the young man named Phillips immediately got into the role and talked about a lot of stocks that he wanted to invest in.

Fang Minghua didn't bother to listen.

"Are there any Microsoft or Apple stocks here?"

"Yes, most of the Nasdaq technology stocks are traded here." Phillips said quickly.

"With 6.92 million funds, buy half of each of these two stocks." Fang Minghua stood up after speaking.

I was too lazy to listen to him, and I wanted to go somewhere else.

my god

Phillips was stunned.

This is the first time I see someone buying stocks like this!

Seeing Fang Minghua go out, Phillips quickly followed him: "Mr. Fang, I see that you are very interested in technology stocks. I strongly recommend another stock to you, which is guaranteed to make you a lot of money."

"What stock?"

"Dell Computer."

Dell computer?

"Yes, this is a company founded in 1984. It adopts a unique model for computer sales: it manufactures computers according to customer requirements and ships them directly to customers. This allows Dell to understand customer needs most effectively and clearly, and then quickly implement them. responded. This direct business model eliminates middlemen, thus reducing unnecessary costs and time. I am very optimistic about the prospects of this company! ”

Phillips seemed worried that Fang Minghua would leave and spoke very quickly.

Of course Fang Minghua knew about Dell Computer, and it later became famous in China, but he didn't know what the trend of Dell Computer's stock was.

Seeing this young man recommending so hard, my heart moved a little.

Dell Computer is also considered a high-tech company, right?

Would you like to buy some?

"Okay, I'll do as you said. Use 1 million to buy Dell Computer stock. The remaining 5.92 million, Apple and Microsoft will each buy half."

"OK!"

After Fang Minghua entered his account password to log in to his account, Phillips immediately followed Fang Minghua's instructions to buy stocks at the computer, while Fang Minghua and Sun Lizhe returned to the VIP room and drank coffee leisurely.

US$6.92 million was invested and the transaction was completed quickly.

Fang Minghua took a look at the transaction list, put it in his pocket when he was satisfied, turned around and walked out.

"Mr. Fang, when do you need to sell? Can you give me your expected price? I will inform you then." Phillips said quickly.

"wait for my call."

After Fang Minghua finished speaking, he walked away.

"Okay!" Phillips quickly replied without daring to ask any more questions.

How did he know that he had to wait for more than ten years?

After buying the stocks, Fang Minghua finished all his business in the United States and went around Chicago accompanied by Sun Lizhe in the past two days.

Garden of the Gods State Park, Pomona Natural Bridge, Cloud Gate Arch. Had a great time.

Of course, I occasionally have to talk to my wife on the phone at night.

Fang Minghua has already booked a flight from Los Angeles to Yanjing the day after tomorrow. He will spend another day in Chicago tomorrow and prepare to return to China the day after tomorrow.

It was now nine o'clock in the evening. Lying on the bed in the guest room on the second floor of Sun Lizhe's house, Fang Minghua dialed his home number in China. He originally wanted to tell his wife about preparing to return to China, but he heard Song Tangtang speak first on the phone, his voice a little anxious.

"Minghua, yesterday my second aunt received an international long-distance call from Lili from San Francisco, saying that she did not plan to return to China, and that she would stay in San Francisco to teach!"