Chapter 101: The Great Ups and Downs
Xu Wanfu made a lot of money in the bull market that lasted from 1999 to 2001, not only did he get all the money he lost in the previous years back, but he also had more than 200,000 yuan in his account.
More than 200,000 yuan may only be the annual income of a white-collar worker who has done a relatively good job in Beijing, Shanghai and Guangzhou, but more than ten years ago in 2000, so much money was enough to buy a house.
With the current housing prices in Shanghai, more than 200,000 yuan may be enough to buy a bathroom, but in 2000, even the first-hand house in the center of Shanghai's inner ring was only 3 or 4,000 yuan per square meter, and a small two-bedroom of about 70 square meters could be bought for only 250,000 yuan.
After the growth of assets, even Xu Wanfu's self-confidence was restored. He got a girlfriend again, and soon planned to get married, and began to prepare for the wedding in full swing.
Because Xu Wanfu had been divorced once, the woman's parents were not particularly satisfied with him, that is, relying on his three-inch tongue, the untrained little girl was fascinated, and the other party had no choice but to reluctantly agree.
However, although the other party's parents couldn't resist their daughter's soft grinding and hard bubbles and agreed to the marriage, their requirements for marriage could not be lowered.
The mother-in-law said that if I want to marry my baby daughter, I must prepare a house of more than 100 square meters.
A 100-square-meter house cost at least 300,000 yuan in Shanghai at that time, and this is not counting decoration. After adding the decoration and miscellaneous taxes and fees, I am afraid that I will have to prepare at least 400,000 yuan.
Of course, the other party is not so unkind, they also know that 400,000 is a huge amount of money, and ordinary people don't say that they can take it out, so they don't say that they can't take out a loan.
However, even if you take out a loan to buy a house, you have to come up with 200,000 yuan for the down payment and decoration, which is equivalent to all Xu Wanfu's current assets.
The problem is that getting married is not just about buying a house, but also about buying jewelry, taking wedding photos, hosting a banquet, and going on a honeymoon. All these things add up, I'm afraid it will cost another hundred thousand.
Xu Wanfu's parents are still alive and healthy, but the two old men are ordinary workers who have long since retired, and now they are both at home with a meager pension.
Originally, Xu Wanfu's family still had some savings, but he spent a lot of it when he got married for the first time, and then he speculated in stocks and was trapped, and cheated the rest of the money from the second elder, and finally lost all of it.
The family couldn't help, and there was still a gap of more than 100,000 yuan in the money needed for marriage, so Xu Wanfu had to pin his hopes on the stock market again.
100,000 yuan may be a huge amount of money for the ordinary wage earners in Shanghai who have an average income of only one or two thousand, but for the stock market, there is a capital of more than 200,000 yuan, which is a matter of several price limits.
According to Xu Wanfu's idea, anyway, the stock market is rising so hot now, as long as you grab a dark horse stock and make 50% of it, the marriage money will come out.
Driven by this thought, he once again filled up his entire asset position, and this time because he set himself a short-term profit target, so he became more aggressive in his approach.
In the long run, technical strength is only secondary, and mentality is the most important thing.
Now Xu Wanfu's mentality of stock speculation has undergone subtle changes, although he himself is completely unaware, but everything is clearly reflected in the stock market.
What's worse is that after more than two years of bull market, China's stock market has finally begun to show signs of fatigue, and the broader market has begun to fall.
In June 2001, the Shanghai Composite Index hit an all-time high of 2,245 points and then turned downward.
The 2245 point has become a swan song, and the next time Chinese investors see this point again will be at the end of 2006, five years later.
Five years is not a short time for anyone, let alone a girl in the prime of her cardamom years.
In the end, Xu Wanfu not only failed to earn 100,000 yuan of his wife's capital as planned, but also lost part of the money he earned before.
In fact, at this time, he himself has realized that something is wrong with the stock market, after all, he has been immersed in the stock market for so many years, and the general trend can still be distinguished.
If Xu Wanfu can decisively stop at this time, maybe everything will have room for redemption, but as a gambler who has lost red-eyed, how can he stop at this time?
Xu Wanfu is unwilling to admit his judgment mistakes, and he always has a trace of luck in his heart, always looking forward to a possible rebound in the market, no matter how bad it is, at least the stocks he bought should have a market.
It's a pity that the god of wealth didn't favor him anymore, and the broader market index fell all the way without the slightest sign of rebounding, while Xu Wanfu could only watch the assets in his stock account shrink.
In the end, Xu Wanfu had lost only 100,000 yuan in his account, not to mention using this money to get married, and even the down payment he promised to buy a house was not enough.
The promise he promised to the woman's parents before was not fulfilled, and he was angry after losing money in the stock market, so the marriage naturally did not come to fruition, and in the end, all that was left for Xu Wanfu was a sigh......
Once again, Xu Wanfu finally woke up after planting a big heel in the stock market. The stock market is a man-eating tiger with a bloody mouth, and investors are lured by the high returns in the bull market, thinking that they can become heroes who can grab food, but in the end, most of them lose so much that they don't even have bones left.
After seeing the true face of the stock market, Xu Wanfu finally gave up the fantasy of making a fortune in the stock market. In the next few years, there will be basically no decent market in the stock market, and if you don't give up, you will starve to death.
After all, Xu Wanfu is a college student who graduated in the early nineties, although these years have been a little wasted, but the basic skills are quite solid, so he started to work in a down-to-earth manner again.
Xu Wanfu studied mechanical engineering before, and later looked for a job in auto parts production, and then met Wu Yingying, who was still an executive of a well-known automobile company at that time.
After 2000, although China's stock market fell into a long-term depression, with China's accession to TO, the country's economy flourished and began to develop rapidly.
The college students in the early nineties were all dragons and phoenixes among the people, in fact, those college students who are indiscriminate and full of numbers are comparable now? After working for two years, Xu Wanfu, who had accumulated a certain amount of work experience and contacts, decisively decided to start his own business and go it alone.
In the next few years, with his shrewd and decisive ability and perseverance, he actually achieved a small success, and in just a few years, he turned a small façade selling auto parts into a formal contract to join the 4S store, and worked hard to create millions of assets.
And at this time, the stock market, which was originally cold, became lively again. So Comrade Xu Wanfu, who had healed his scars and forgotten the pain, resolutely joined the ranks of the stock speculation army again......
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