dkrc Chapter 91: Visiting 3 More Securities Companies
Chapter 91: Visiting 3 More Securities Companies
Chapter 91: Visiting Three More Securities Companies
When Mao Xiaoyu got up in the morning, her mother and younger sister had already left, leaving only her father eating breakfast at home.
Mao Xiaoyu glanced at the pot and saw that her breakfast was still there. It seemed that her mother had left some for her. Mao Xiaoyu didn't stand on ceremony and started eating with her father.
During this time, Mao Xiaoyu carefully observed her father. Seeing that her father hadn't sneezed for so long, she felt relieved.
Fortunately, the matter has passed, and I believe that after a while, no one will care who Mao Jun is.
"Xiaoyu, why are you secretly looking at me? I'm asking you a question, how's your business lately?" Mao Jun couldn't help but ask, seeing his daughter Mao Xiaoyu always secretly looking at him.
"What kind of business?" Mao Xiaoyu was momentarily confused.
"What other business could you possibly have? It's just renting out rooms near the hospital. Do you have any other businesses?" Mao Jun asked sarcastically.
"Oh, the rental business? Business is booming, there aren't enough beds, it's always fully booked," Mao Xiaoyu replied while eating.
"You've been doing this for two months now, you should have made some money by now."
Mao Jun thought about how much money he had spent on medical treatment and going home this month, and how he might have difficulty repaying his loan by the middle of the month, so he visited and asked.
"I did make some money, but I already have a goal. I plan to buy another house in a year and rent out both houses near the hospital. That way, I can earn more money," Mao Xiaoyu said.
Upon hearing Mao Xiaoyu's words, Mao Jun was at a loss for words.
I originally wanted to ask Mao Xiaoyu for some money to cover my losses.
Who knew this kid would just blurt out that he's planning to buy a house next year? Isn't that just blatantly telling me that this money is useful?
How am I supposed to bring this up?
But what about the loan in the middle of the month? I'm a bit short of money!
Thinking of this, Mao Jun showed a troubled expression. Why had he been sneezing and getting sick so often lately? Otherwise, he wouldn't have spent thousands of yuan on medical treatment without finding anything wrong.
If it weren't for seeing someone sneeze, I wouldn't be in such a tight financial situation.
"However, I've already saved 3 yuan. If you want it, give me your account number later and I'll transfer it to you when I have time. After all, I won't be able to buy a house until next year, so there's not much use for this money in the bank."
Mao Xiaoyu had already noticed her father's expression. Seeing his father's expression, she knew that the family might be under some financial pressure, so she said quietly.
"Call your mom in a bit and ask her for her bank account number," Mao Jun said, annoyed.
Hearing his son's nonchalant words, Mao Jun knew that his son knew what he was going to say. At first, he tried to shut him up, but now he was using his words to provoke him. Since becoming financially independent, this kid has become more and more outrageous.
"Okay, I'll go first then. I don't know if I'll be back today. Don't wait for me or call me. We'll see if I come back or not later."
After saying this, Mao Xiaoyu finished her breakfast, wiped her mouth, grabbed her things, and left.
Arriving at her building, Mao Xiaoyu thought for a moment and decided that since she had nothing to do today, she might as well go and take a look at the securities companies. After all, she had invested 500 million yuan in three securities companies, and she couldn't just ignore it, could she?
But before that, I need to ask my mom for her bank card number and transfer some money to her.
Therefore, Mao Xiaoyu took out her phone and called her mother.
After finding out her bank account number, Mao Xiaoyu went to China Construction Bank and transferred 3 yuan directly to the bank card.
After finishing all that, Mao Xiaoyu came out of the bank, hailed a taxi, and headed straight for Dongfang Securities.
Because the journey was a bit long, and since Mao Xiaoyu was going to Dongfang Securities, the taxi driver assumed that Mao Xiaoyu also liked to buy stocks.
He then launched into a long-winded explanation of his stock market expertise to Mao Xiaoyu. And surprisingly, Mao Xiaoyu, who knew nothing about stocks, actually gleaned a lot of useful information from the driver's boasting.
And so, one learned and the other spoke, and before they knew it, time had flown by and they had arrived at Dongfang Securities.
Mao Xiaoyu saw that they had arrived at their destination, so she paid and got out of the car.
After arriving at Dongfang Securities, Mao Xiaoyu originally wanted to ask a junior employee if she had finished buying all her stocks.
To everyone's surprise, when Manager Zhang of Dongfang Securities heard that Mao Xiaoyu had arrived, he hurriedly came out to greet her, and was extremely polite, even taking Mao Xiaoyu directly to the VIP room.
Actually, the VIP room isn't that great, except there are more computers. It's slightly better than watching the big screen in the lobby on the first floor.
"Mr. Mao, as per your requirement, we can only purchase Guangzhou Shipyard International's shares when the price is below 2.4. So, we have acquired about 100 million shares in the past few days. We estimate that it will take about 4 more days to complete the purchase."
Manager Zhang turned on a computer for Mao Xiaoyu and entered her account information, allowing Mao Xiaoyu to clearly see exactly how many stocks she had purchased.
Mao Xiaoyu checked her account and found that she had accumulated over 400,000 shares of Guangzhou Shipyard International stock in just a few days, with an acquisition price of about 2.38 yuan per share.
"The prices are about the same, no rush, take your time buying them. Just call me when you've finished." Mao Xiaoyu nodded in satisfaction.
Mao Xiaoyu is indifferent to whether the stock price will rise this year, since the real rise in the stock price will take place in the next two years.
In Mao Xiaoyu's view, this year is just a time to buy at the bottom. As long as she uses her funds to buy the stocks she needs, there is no rush.
"Okay, Mr. Mao, I understand," Manager Zhang said politely.
"By the way, Manager Zhang, what did they say about the margin trading I asked you to inquire about last time?" Mao Xiaoyu asked with concern.
When Manager Zhang heard Mao Xiaoyu's question, a troubled look appeared on his face. He said in a low voice, "Mr. Mao, I have already reported the matter you raised to my superiors. However, they are very cautious about margin trading because there is no law in the country that allows us to engage in margin trading. If I were to provide you with margin trading, I might be reported for fundraising, which would be troublesome. So, our securities company can only apologize for this matter."
"So, does that mean your Dongfang Securities company can't provide me with leveraged financing?" Mao Xiaoyu asked calmly.
"Yes, I'm sorry, but there's no way to get leveraged financing in this industry right now," Manager Zhang said apologetically.
Upon hearing Manager Zhang's words, Mao Xiaoyu fell into deep thought. She used to read rebirth novels where the protagonist would get 10 or 20 times the leverage, but how come she couldn't even get leverage in her own life?
He knew that China's stock market was about to enter a bull market, with stocks multiplying dozens of times. But the problem was that he only had so much money; he couldn't really stir things up.
Is 500 a lot?
It seems like a lot, but in the context of the stock market, it's really not that much.
"Excuse me, Manager Zhang, if I buy 200 million shares of Guangzhou Shipyard International, and then pledge the shares to your securities company as collateral, could your securities company lend me another 100 million?" Mao Xiaoyu asked again.
"Mr. Mao, you must be joking. Our securities company is a legitimate platform and we don't lend money by pledging stocks. However, I do know some financial institutions that do like to lend money by pledging stocks, but the interest rates are a little higher," Manager Zhang said, initially refusing outright but then changing his tune.
Upon hearing Manager Zhang's words, Mao Xiaoyu understood what he meant. Securities companies cannot use stocks as collateral for loans, but private individuals might be able to lend money, though such loans could potentially be considered usurious.
If that's the case, it won't mean much to Mao Xiaoyu. She might as well wait and see what good news Li Mingyue can bring.
"Then I won't trouble you, Manager Zhang. I just came to check on the stock market today, to see how things are going," Ms. Mao said modestly.
"Honestly, Guangzhou Shipyard International's stock hasn't been doing too well these past two days. It feels like there's a risk of it falling further. If it weren't for Mr. Mao's recent acquisition of Guangzhou Shipyard International's shares, its stock price might have already dropped to 2."
"It's below 3 yuan." Manager Zhang subtly reminded him.
"It's okay, I think it's a good thing. After all, only when it slowly hits the bottom can there be a chance for a rebound. Maybe Guangzhou Shipyard International is about to hit the bottom," Mao Xiaoyu joked.
"I hope so."
Manager Zhang didn't have much to say. After all, stock trading is a complicated matter, and he'd seen it all before, so it didn't bother him anymore. He was just offering a reminder; whether the other party listened or not was their business.
"Then I'll leave the rest to Manager Zhang. I'm all done here, so I'll be leaving now." Mao Xiaoyu felt there was no point in staying at Dongfang Securities anymore, so she directly offered to leave.
After leaving Dongfang Securities, Mao Xiaoyu went to Guoxin Securities to check on her Moutai shares. Guoxin Securities had already bought all 1 million shares of Moutai at a price of about 54.34 yuan per share, totaling 18,400 shares. Unfortunately, the share price of Moutai had now fallen to 53.68 yuan, resulting in a loss of nearly 70 cents per share.
Moreover, the manager of Guoxin Securities analyzed the situation for Mao Xiaoyu and felt that the stock price of Moutai liquor might fall a bit, which left Mao Xiaoyu, who had bought Moutai liquor shares, speechless.
After all, she had just bought the shares, and others were nagging her about how the price would continue to fall. As the buyer, Mao Xiaoyu was definitely unhappy.
It was only a few cents, which didn't matter to Mao Xiaoyu. Overall, the loss wasn't much.
Besides, Mao Xiaoyu didn't come here mainly to look at stocks; she mainly wanted to ask Guoxin Securities what they said about margin trading.
The manager at Guoxin Securities gave a similar answer to Manager Zhang: the securities company does not support margin financing and is not very interested in stock collateral.
This left Mao Xiaoyu speechless. In her opinion, there wasn't much hope for CITIC Securities in the future.
So, Mao Xiaoyu went to CITIC Securities again, met with their manager, and received the same answer she had expected: they directly rejected the margin financing option and also refused to accept stock collateral.
Mao Xiaoyu had no choice but to accept this. The domestic market was different from the international market. What was easy to do abroad might not be possible in China. So, if you wanted to make money, you had to go abroad!
Having received this answer, Mao Xiaoyu went to CITIC Securities to check on her Dongshan Gold holdings. Surprisingly, she had already bought all the Dongshan Gold shares she had purchased for 2 million yuan. The purchase price was approximately 6.87 yuan per share, and she had acquired a total of 290300 shares.
Currently, each share of Dongshan Gold is worth approximately 6.93 yuan. It has not only not lost money but has also increased by a few cents. In Mao Xiaoyu's opinion, such an increase is acceptable.
Having visited all three securities firms, Mao Xiaoyu had nowhere else to go, so she asked the securities firm manager how to operate stocks from home.
Initially, the securities company could help with the operations, but later, Mao Xiaoyu preferred to operate on her own. So, she spent two hours at CITIC Securities learning the various steps involved in the operation.
He left CITIC Securities only after he had finished learning everything.
With nothing to do, Mao Xiaoyu checked the time; it was only a little past three in the afternoon. Going back seemed pointless, so she found a coffee shop, ordered a coffee, and started thinking about the stocks she had bought.
What frustrates Mao Xiaoyu the most right now is that there's no way to get leveraged financing in China.
Even if Li Mingyue's financial institution provides leverage, it might not be much.
If that's the case, then you need to be more careful when buying stocks, and there are some stocks you shouldn't buy.
For example, you shouldn't buy Moutai liquor. After all, its price is too high. You bought it at a high price, and even if it increases several times over, it won't scare you. Moreover, the price is too high, so it's even less likely to rise.
With that money, you might as well buy stocks that are priced at two or three yuan per share, or even one or two yuan per share. If they rise in price, you'll make more profit.
Take Guangzhou Shipyard International as an example. It was cheap at 2.3 to 4 cents per share. But when the price jumped from 2 yuan to 5 yuan, it was like doubling. If you buy 5 million shares now, as long as the share price becomes 5 yuan per share, your assets will directly become 10 million yuan.
But it's different if you buy Moutai. Moutai is currently priced at over 50 yuan per share. It would take for it to rise to over 100 yuan to double in value. That's incredibly difficult to achieve!
Thinking about this, Mao Xiaoyu felt that she should study these stocks carefully when she got back this time.
It's not that stocks that everyone says are good will make money; rather, it's stocks that can surge from their lowest price that will make money. Next, I need to pick a few low-priced stocks and prepare to buy them now, in preparation for their future surge.