Chapter 485: Chapter 473: Each Their Own Choice Chapter 485: Chapter 473: Each Their Own Choice Zong Shimeng asked her husband about the stocks as soon as he got home. It was only because the market did not operate on weekends that she didn’t go directly to the company to find someone after the gathering.
Hu Zhifeng was somewhat surprised, “Nie Zhan and Lu Jiaxin sold all their stocks? When did this happen?”
Zong Shimeng asked with some indecision, “They cleared their position this week. Zhifeng, should we sell our stocks too?”
Sell, and if the current upward trend continues, we might regret having missed out on further gains; but if we don’t, given Nie Zhan’s reputation in the financial circle, he must have sensed something. If there’s a disturbance in the stock market, we could suffer big losses.
Hu Zhifeng didn’t respond immediately but made a phone call to Nie Zhan to inquire about the matter, “Ah Zhan, did you clear all your stock positions?”
Nie Zhan knew that Lu Jiaxin had arranged to play golf with Zong Shimeng and others that day, so when he heard the question, he understood it must have come from his girlfriend, “I’ve sold all my Hong Kong shares, except for those in Peninsula Hotel and Eastern Culture.”
Besides shares in these two hotels, he had sold all financial products in his possession, including stocks bought in America, London, and the Nikkei Index. However, he didn’t need to be so explicit; it was better to leave some information unsaid and let Hu make his own analysis.
Hu Zhifeng was startled, “So you’re not optimistic about the stock market anymore?”
Nie Zhan said, “It can’t keep rising forever. The market fluctuates, that’s its nature, but who knows when it will drop.”
The stocks he had purchased had on average gone up by 188%; he was content with that. Even the best traders can’t predict the exact day of a crash. He needed to keep that money in his account, for when Jiaxin’s futures blew up, he would have to help her redeem Wansheng Real Estate and Green Forest stocks.
Hu Zhifeng nodded, “Let’s have a drink if you’re free tomorrow.”
Nie Zhan declined, “I have to tutor Jiaxin tonight. This Saturday, let’s go play golf together, and bring your wife along.”
Zong Shimeng looked at him after he hung up the phone, “What did Nie Zhan say?”
Hu Zhifeng relayed Nie Zhan’s message briefly, knowing Zong Shimeng’s temperament, he made a decision for her directly, “I’ve sold all of yours. Even if the stock prices rise, they shouldn’t increase by much. Nie Zhan has a keen sense, and I’m planning to reduce my stock holdings as well.”
Zong Shimeng no longer hesitated and immediately called her stockbroker to have all her shares sold.
Hu Zhifeng had a private financial consultant, but Zong Shimeng managed her dowry on her own, keeping it separate from the Lu Family’s wealth. Having seen plenty of wealthy couples turn against each other, she never touched her dowry except for some secure investments. She bought stocks this time solely because she couldn’t resist the heat of the stock market.
At the same time, Shi Xinyu also discussed the matter with Tao Yong.
Tao Yong didn’t call Nie Zhan. As the president of an investment firm, he had a better understanding of the situation and the stock market, “Wall Street stocks have been rising, with the Dow Jones Index soaring. Hong Kong’s stock market is certain to continue its upward climb.”
“So, the stocks won’t fall?”
Tao Yong said confidently, “No, Hong Kong relies on foreign trade. As long as Wall Street’s stock market keeps thriving, Hong Kong’s stocks won’t fall.”
Although Tao Yong was full of confidence, Shi Xinyu was still uncertain. After all, Nie Zhan had made more from investments, and her boyfriend still fell short.
The next day, Shi Xinyu called Zong Shimeng to inquire whether she would hold or sell.
Zong Shimeng replied with a laugh, “I’ve already phoned my stockbroker to sell all my shares. What about you? Can’t bear to sell?”
Shi Xinyu couldn’t decide right away, “Tao Yong said that the stock market on Wall Street is rising every day, and the stock market in Hong Kong will follow.”
Zong Shimeng didn’t understand these things either. At the beginning of the year, everyone was buying stocks, and after consulting her husband, she put all her available cash into them. Now that her husband wanted her to liquidate, she was preparing to do so. The couple occasionally argued, but their interests were aligned, so they would follow Hu Zhifeng’s advice.
“So you’ll listen to Tao Yong and keep holding?”
“But I’m afraid it might fall.”
When it came to matters of money, Zong Shimeng couldn’t make decisions for her. Thinking of what her husband had said the night before, she suggested, “If you’re not feeling secure, sell a portion. If it continues to rise, you’ll just earn a bit less.”
“I’m afraid Tao Yong will feel that I don’t trust him and be unhappy?”
Zong Shimeng was speechless. What was there to be unhappy about? Tao Yong was an investor himself; surely, he understood that diversifying investments could reduce risk. However, she wasn’t going to meddle in the couple’s business and suggested that she think it through herself.
As a friend, giving advice was enough. Whether it was taken or not was beyond her concern. Speaking of which, of all four of them, Jiaxin was the best at being decisive, never beating around the bush, and certainly not swayed by men.
Shi Xinyu hesitated for a day and then met with Yu Meitong for dinner, after which she sought her opinion.
Yu Meitong’s thoughts were straightforward; she didn’t understand stocks and futures at all. Since she didn’t understand, it was best to follow the professionals.
Shi Xinyu said, “Tao Yong is an investor, he should be more professional than Nie Zhan.”
Yu Meitong thought to herself, if Tao Yong was more professional than Nie Zhan, he would be making more money. She kept this thought to herself, not wanting to vocalize it: “You should listen to Sister Shimeng and sell a portion. If you’re worried about upsetting Tao Yong, just don’t let him find out. It’s your spending money; he can’t demand it from you.”
In her view, there was no need for such deliberation–Jiaxin had already liquidated her stocks worth hundreds of millions, so following her lead was the safest option. As for Tao Yong, whatever he said didn’t matter; what was most important was one’s own wallet. However, after experiencing so much, Yu Meitong had learned to be more measured in her actions and words.
After much consideration, Shi Xinyu sold one-third of her holdings in secret, not daring to let Tao Yong know.
Lu Jiaxin didn’t have such complications. She attended classes as usual every day. Having already spent the money, there were only two outcomes: either the increase was over 8%, leading to a total loss if the market crashed, or she made a substantial profit. Because the risk of the index fluctuating greatly within that period was high, and unlike the stock market crash that came later, she didn’t have much insight.
After Nie Zhan finished explaining a problem to Lu Jiaxin, he mentioned, “Big Brother Hu has invited us to play golf this weekend; do you have time?”
He’d been busy until late the last few days and hadn’t come over, not wanting to disturb Jiaxin’s rest.
Lu Jiaxin shook her head, “This Saturday, the school is holding an art exhibition, and one of my paintings has been selected. I promised the class president that I would be there to Keep reading on NovelHub - where stories come alive!”
Nie Zhan immediately sat up straight and asked, “An art exhibition, and your painting was selected? Jiaxin, why didn’t you tell me about such a big event?”
Seeing his serious reaction, Lu Jiaxin smiled and said, “My painting is too amateurish; it wasn’t supposed to be selected. I Keep reading on NovelHub - where stories come alive! If I hadn’t promised the class president, I wouldn’t even want to go see it.”
“Who is your class president?” Nie Zhan asked. Lu Jiaxin had never mentioned her classmates from her freshman or sophomore years, but now in her senior year, she had mentioned this class president more than once.
Lu Jiaxin chuckled, “Don’t be ridiculous and get jealous; the class president is a beautiful girl.”
Oh, a girl, well then, no problem.