"The stock market is gambling after all, and it is impossible to make a profit forever, right?" When he said this, Wu Mingyun looked at Luo Ziling with a meaningful look. "The stock market will always be short and long, with dozens of times profits in a bull market. It is entirely possible to lose money in a bear market for a few months. What's more, our China stock market is completely immature."

Luo Ziling nodded: "Manager Wu's words are very pertinent, and I completely agree."

Seeing that Luo Ziling agreed with his words, Wu Mingyun couldn't help laughing: "So, I think it's better to invest in other aspects if you have money. If you have money or eggs in the stock market, you can't put them all in one basket."

"No wonder Manager Wu can do so well. It turns out that the investment philosophy is very scientific!" Luo Ziling gave Wu Mingyun a thumbs up, "I hope he can listen to Manager Wu's advice and hope that Manager Wu can give me a clear path."

"Real Estate!" Wu Mingyun said three words decisively and smiled again: "But this investment is not a small amount."

When Wu Mingyun said the three words "real estate", Luo Ziling's admiration for him immediately rose to several levels.

Those who suggested investing in real estate in 1994 mean that they have enough vision.

Luo Ziling's record of the first round of real estate fever occurred on the island south of Yangcheng.

In 1988, the island became the largest special economic zone in China. The scene of entering Guangdong Province in the past reappeared, but it turned into a gold hunting island. A large number of people and funds poured in, and real estate became the first choice for investment, which later lost control and evolved into a crazy speculative bubble.

Not only banks, state-owned enterprises and private enterprises have participated in this game of playing the game of passing flowers.

Tens of billions of funds poured into real estate, but behind it may be a barren land, with several real estate drawings that are still in the design stage.

At its peak, an island with a population of 6 million actually had more than 20,000 real estate companies, with an average of more than 300 people.

What kind of situation is this? You can imagine it.

In 1988, the average house price on the island was only about 1,350 per square meter, and by 1992 it had reached 5,000 yuan.

If the 5,000 yuan in 1992 is calculated based on purchasing power, it is approximately equivalent to 50,000 yuan in 2018.

How big the bubble was at that time was obvious, but it could not stop the greed of human nature, and many people were crazy about it.

In June 1993, the 16th National Bureau of State issued measures to control credit, increase interest rates, and recover illegal lending. The real estate bubble on the island was pierced. A real estate bubble supported by capital leverage came and went quickly.

At that time, nearly 13,000 real estate companies went bankrupt and thousands of companies fled with their money.

Finally, what are left are more than 600 unfinished buildings, more than 18,000 hectares of idle land, and 10% of the country's inventory.

There is always a mess behind the carnival...

What was even more serious at that time was that the bank also encountered trouble.

The bad debts of the local rural credit cooperatives broke out and almost fell into the dilemma of chain bankruptcy.

As a last resort, the Island Development Bank was ordered to merge these banks.

Originally, the Island Development Bank itself was also hit by bad debts, which increased the burden. In the end, the central bank had to announce the closure of it.

To this day, this is still the only bank in China that went bankrupt after 1949.

The tragedy of the real estate bubble on the island in the south in 1993 was just over, and Wu Mingyun still suggested investing in real estate, and Luo Ziling certainly looked down on it. After all, he, the reborn, witnessed the madness of China Real Estate later.

Now, buying a house in Hangzhou will increase by dozens of times after more than ten years.

It can be said that investing in real estate is the safest and most rewarding investment method.

Although the profits in the stock market are also considerable, the risks also exist. After all, he did not save the K-line chart before his rebirth.

What Luo Ziling feared the most was that his return had a butterfly effect, which affected the stock market.

Therefore, he is most optimistic about real estate investment.

However, he did not speak out, but calmly asked Wu Mingyun why he suggested investing in real estate?

"The real estate crazy on the island in the south may be staged in more cities in the future. If places like Yanjing, Zhonghai, Yangcheng, and Shenzhen Stock Exchange are to develop into international metropolis, it is impossible to have no real estate support. If our Chinese economy wants to develop rapidly, it cannot be without the support of the real estate industry." Speaking of this, Wu Mingyun showed a mysterious smile, "So I think the real estate economy will definitely rise again, maybe it will be nationwide. Investment in real estate or real estate development will definitely be possible."

"Are there also tycoons who invest in real estate that Manager Wu invited tonight?"

"There are indeed two friends who are preparing to invest in real estate." Wu Mingyun didn't say much, but said mysteriously: "I'll tell you later. I'll introduce you to you. However, they want to invest in real estate development, not just buying a house."

"So that's it!" Luo Ziling was a little surprised.

When Wu Mingyun took Luo Ziling to the hotel for dinner, several other friends he invited happened to arrive.

They were all surprised to see Wu Mingyun bringing a young man over.

"This is Luo Ziling, the stock god who opened an account in our business hall. In a month and a half, his funds in the stock market increased by more than ten times. Unfortunately, he has little funds, otherwise he will be rich immediately." Wu Mingyun introduced Luo Ziling to everyone with a smile, "I bought it with him and made a profit."

Wu Mingyun's words surprised everyone else.

Luo Ziling's calmness and calmness when facing them was not as embarrassed as the young man, which surprised them even more.

Wu Mingyun also introduced several other people.

Among the four guests he invited, one of them was Wang Zhenjun, a wealthy man in the business hall, known as Wang Baiwan.

Among the other three, one is the bureau-level leader of the government agency, named Chen Dashu, the other is Li Haiyang, the boss engaged in investment in real estate companies, and the other is the bank manager Cao Jianhui.

Luo Ziling greeted them politely, looking neither humble nor arrogant.

Seeing Luo Ziling responding so calmly, Wu Mingyun couldn't help but be secretly surprised.

"This kid is really extraordinary." He was proud of his extraordinary vision.

During the meal, the group of people talked about investment.

The real estate investment Li Haiyang is the most excited.

After hearing them, Luo Ziling realized that in Hangzhou, there is no large real estate company.

Several very famous real estate companies later have not been established yet.

When Luo Ziling heard this businessman named Li Haiyang say that he wanted to set up a real estate company called "Jiangbin", Luo Ziling felt aroused.

Could this guy be the founder of the very famous listed real estate company in Hangzhou later?
Chapter completed!