On the morning of November 2, Min Congda got up at six o'clock in the morning. The first thing he did was to turn on his computer, log in to his account on the US stock trading website, and wait for the New York trading market to open.
The U.S. stock market opens at 9:30 Eastern Time. Los Angeles is in the Pacific Time Zone, which is three hours later than Eastern Time. Therefore, traders here have to get up to work before 6:30 to prepare for the opening of trading.
However, U.S. stock investors do not need to get up so early, because most Americans who buy stocks hand over their funds to investment funds for management, and retail investors have basically disappeared from the U.S. stock market.
They did not disappear automatically, but were photographed dead on the beach during financial crises and stock market crashes again and again. Newcomers saw the corpses everywhere and no longer dared to enter casually.
Coupled with various funds in the United States, the insurance industry is very developed. Ordinary people can get very stable and high returns by investing their money in it. Why should they risk losing their money by investing in the stock market themselves?
Moreover, even if you make a little money from the stock market, you still have to pay high taxes to the IRS. However, some funds can defer tax or even enjoy tax exemptions.
The sum of these reasons means that ordinary retail investors are becoming less and less popular in the US stock market, and only true masters can make waves in it.
Min Congda is obviously not an expert. The banking industry and the securities industry are both considered financial industries, but in fact they are thousands of miles apart and their professional contents are completely different.
But Min Congda has the advantage of being a time traveler with foresight. He can't remember other things clearly. He still knows that Apple will shine in the future.
After all, when I was in college, the emergence of the iPhone 4 brought a disruptive experience to everyone, and smartphones completely changed the world.
After receiving the first pre-season loss salary, Min Congda began to buy a small amount of Apple stock. In mid-October, Apple's stock price was more than 180 yuan.
Different from the domestic minimum purchase of one lot at a time, there is no limit on the trading time T+1 for U.S. stocks, nor is there a limit on the minimum amount of stocks purchased. You can just buy one share.
Therefore, Min Congda spent US$370 to buy two shares at the beginning, and then continued to cover his position regardless of the ups and downs. By the end of October, he already owned 10 shares of Apple stock worth US$2,000.
At this time, Apple's stock has risen to a maximum of 204 US dollars per share. If you are an ordinary retail investor, you are already considering selling at this time, at least part of it.
Because most people and institutions thought so, after reaching a high of $204, Apple stock began to fall, falling from more than $200 to more than $190.
Min Congda's 10 shares of assets naturally shrank slightly, but he didn't care. After receiving the salary for losing in the regular season, he continued to use part of the money to cover his position in Apple.
After losing to the Suns before, he bought 5 shares. This time he lost to the Mavericks. He decided to buy 5 more shares, increasing the number of shares he held to 20.
Don't underestimate these 20 shares. In 10 years, when Apple's stock reaches its highest point, the price per share will reach $42,000 without splitting the stock.
If Min Congda had insisted on not selling the stocks, the value of these 20 shares alone would be US$820,000.
And this only calculates the value of the stock itself, not including dividends. Apple's dividends are very large and generous.
The market opened on time at 6:30, and Min Congda invested his money during the call auction and bought 5 shares of Apple.
As for the price, he doesn't bother to care about it. It has been in a downward cycle recently, but from a long-term perspective, the current price is the bottom among the bottoms, so he can just buy it with his eyes closed.
After buying the stock, Min Congda closed the website and stopped looking at it. He lay down on the bed and slept for a while. It was only half past six.
"Hey, I bought 5 more shares... I can only buy so much at a time. How can I accumulate a lot of wealth by buying them in the year of the monkey and the month of the horse? My 300 million US dollars."
The salary for losing is quite small, but it is really not much. It is more than enough for daily household needs, but it is not easy to save a large amount of money.
Min Congda didn't think about going to the bank for a loan to speculate in stocks. Logically speaking, given his status, it would be very easy for him to obtain a relatively large loan from the bank.
But when Min Congda went to a nearby bank, he discovered that the credit limit under his ID was zero, and he couldn't get a loan, not even a credit card.
The bank card left by the system for Min Congda was a debit card from the Alaska Frontier Development Bank. This bank did not even have an outlet in Los Angeles. He could only use this card to withdraw cash from ATMs of other banks. Every time There is a handling fee of US$2.50, which is really
The system is arranged in this way because Min Congda can only obtain direct benefits from the team's failure. Otherwise, as a time traveler, he knows more or less ways to make money.
What if you take advantage of a loophole and make a fortune but don't pay attention to the main mission?
As for the stable investment and financial management method of buying stocks by fixed investment, the system turned a blind eye and let him do it.
After a long sleep, it was already half past ten when he woke up. He didn't want to go to the team headquarters, so why did he go there? Play 2K? Not interesting.
I'll wash up later and go directly to the training center for lunch. The Clippers have another game in the evening, and my income is still pointing to the Clippers losing.
Min Congda looked at the schedule. He will play the Timberwolves tonight, then go to the away game to play the Warriors, and then return home to play the Memphis Grizzlies...
One characteristic of these three teams is that they have all won 1 game so far, and have only won 1 game, not even as good as the Clippers.
Min Congda's head ached looking at the schedule, "How can we beat bad teams in a row? Can't we just let us play against strong teams more often? The season has just begun. It would be better to beat strong teams more often to push down the record and morale. Why? The old bad team.”
Due to worries about the schedule, Min Congda didn't eat well at the training center at noon. He only ate three burgers and couldn't finish it.
In the evening, Min Congda and Ada came to the Staples Center to watch the game together. They were surprised to find that the attendance rate tonight was actually good again!
Min Congda hurriedly asked Ada: "Ada, what is the attendance tonight?"
Ada replied: "Tonight's attendance is 15,789, which is a good number."
15789? The total number of seats at Staples Center is 18,997, and the occupancy rate has reached 83%.
It is understandable that the attendance rate is 80% when playing the Suns. After all, the Suns attract more fans and it is the home opener.
Moreover, with the momentum of the last game's decisive victory over the Lakers, the team's performance has given fans expectations, and it is normal for the attendance to be high.
Now that they have lost to the Mavericks, why is the attendance rate for this game still so high? This is a bit unforgivable.
Are Los Angeles fans so ignorant of football? I had nothing to do at home and came over to watch the Clippers play.
Min Congda was confused and asked: "Which game has the lowest attendance this week?"
Ada took out the data and checked it, and said: "It was the game between the Charlotte Bobcats and the New Jersey Nets that just ended today. The attendance rate was only... the attendance rate was only 48%."
"What? Forty-eight percent! This attendance rate...who is the boss of the Bobcats?"
"It's Michael Jordan."
Min Congda slapped his thigh and said: "Damn, he is indeed the god of basketball!"
new
