Reborn in 1991, helping dad become the richest man

Afterwards, the father and son continued to talk about stocks and securities.

It was basically Tang Yichen spreading knowledge to his father...

During the process, we also talked about a person: Yang Baiwan.

"What kind of treasury bonds are these? They actually allowed this guy named Yang to make a million in less than two years!?"

Tang Xionghua was shocked and curious about the things that Yang Baiwan used to make his fortune.

Tang Yichen smiled and continued to spread the new knowledge:

"Treasury bonds are a unique financial product of this era. They're basically issued by the government, bought and sold by banks at all levels. They're also freely tradable and bearer-name."

"However, the price of this product varies greatly in different cities and regions due to differences in economic levels."

"In Chuzhou, Chu Province, it's not easy to sell. It might only be worth 100 yuan. And if you buy it, they will give you extra oil and rice, or even discounts."

"But it's different in Shanghai. It might cost a hundred or more yuan, and it's hard to find. This way, there's a price difference, and with a price difference there's an opportunity to make money. To put it bluntly, it's the same business as selling dried fish and shrimp."

"They were all profiting from the price difference during this period of information isolation, transportation, and logistics. The difference is that the entry threshold for treasury bonds is relatively high. Yang Baiwan was already a millionaire at the time, and he also borrowed a lot from relatives and friends. He saw this opportunity and became rich overnight."

"There will be plenty of opportunities like this in the future..."

After listening to this, Tang Xionghua seemed to have a much clearer mind.

After turning off the lights, I savored it for a long time before I couldn't resist the invasion of sleepiness...

-

The next day, January 8st.

After getting up early and checking out of the hotel, the father and son ate a bun on the roadside and then went to the vegetable market near the train station carrying a small sack of dried fish and shrimp.

The first vegetable market they went to, they were shocked by the retail prices of dried small fish and shrimp.

11 yuan per catty, much more expensive than Chuzhou!

I originally thought that Shanghai would be a bigger stage for making money, but I was completely discouraged by the sight of almost every stall in the vegetable market piled high with dried fish.

The price is very attractive, but unfortunately the market has long been occupied and is saturated.

Tang Xionghua was not discouraged and tried to get close to a stall owner, asking him where they got their dried fish and shrimps from.

The stall owner said without hesitation that of course he bought it from the wholesale market.

In other words, Shanghai already has a wholesale market for dried small fish and shrimp, which is not only saturated but has also formed a mature industrial chain.

Although I don’t know what the wholesale price is, it’s already difficult for them to squeeze in.

Even if they shipped goods from their hometown in Chu Province and their prices were competitive, they still didn't dare to touch other people's cakes easily.

If you are not careful, you may get into trouble.

Afterwards, the father and son went to several vegetable markets in succession and the situation was basically the same.

It seems this business is no longer viable in the Demon City...

"I thought there would be a market for it, and it wouldn't matter if I made less money. Who could have imagined this would happen?"

Tang Xionghua squatted on the side of the road, feeling a little depressed.

"Dad, it's okay. If the devil can't do it, we can go to other cities."

After Tang Yichen added an order to comfort his father, he proposed a new idea and said, "In this case, let's go to the securities market to see the situation."

"Okay, let's go." Tang Xionghua suddenly became interested.

He really wanted to see with his own eyes what stocks were all about.

Having said that, I have to say one more thing.

Although the first stock exchange was established only last year, stocks actually existed as early as the 80s.

In the early days, some companies would regard issuing stocks as a goal and direction of company development.

This is the so-called "old eight stocks".

The operation is extremely simple and straightforward. You just carry the cash box and go directly to the mail room like selling theater tickets, and the transaction is done on the spot.

Money is paid on one hand and goods are delivered on the other hand, and the main focus is on being down-to-earth.

What exchange, what market trend, there is no such thing at all.

Therefore, the stock prices at that time were even more unpredictable and most people could not grasp them.

This is why stocks circulated only within a very small range during those years and were actually more like corporate bonds.

Of course, after the establishment of exchanges last year, many things have become relatively more open.

But the stock market still cannot be considered a capital market as it should be.

Some people who had studied abroad and returned home, relying on their foreign financial knowledge, thought they could dominate the stock market, but in the end they were severely taught a lesson by the stock market at that time.

In this era, following the general policy direction is the only direction of development.

Financial knowledge and professional analysis are of no use at all.

Then again, Tang Yichen didn't understand much either, he just knew some historical processes.

But that's enough!

Knowing the future trend is better than anything else.

After making up their minds, Tang Yichen and his son began to look for the location of the exchange.

It’s not on the map, and few people know the way when you ask.

Tang Yichen was also a little sad. He originally knew the location of the exchange, after all, it had never moved.

But the Shanghai in 1991 is very different from the Shanghai in 2024.

Apart from some recognizable landmarks, they are basically two different cities.

After wandering around for most of the day, they finally found the place at around two o'clock in the afternoon.

It's not easy!

At this time, I was standing in front of a store on the street that was slightly larger than a bank.

Tang Xionghua couldn't help but ask with some doubt: "Yi Chen, are you sure this place will be our country's financial center in the future?"

"Uh...it's not written on the sign. Dad, you can't read."

Tang Yichen didn't expect this to happen and felt a little embarrassed.

The stock exchange was previously hyped up as too grand and too important, but... it feels a bit mismatched.

"Anyway, just go in and take a look and you'll know."

Tang Yichen shrugged his shoulders and led his father inside.

Fortunately, although the place is a bit small, it looks quite realistic inside.

In the trading hall of less than 100 square meters, a large color screen is hung on the wall.

There were a lot of people inside, and the counter staff were also dressed formally.

Wearing a work badge, he was communicating with different clients enthusiastically and professionally.

Tang Yichen pointed to an empty counter and said to his father, "Dad, go up and ask."

Tang Xionghua walked forward and asked the male staff member somewhat stiffly:

"Hello, is this where I can buy stocks?"

The staff member glanced at Tang Xionghua. Although he didn't look like someone who would buy stocks, he still replied professionally:

“Yes, we are an evidence exchange and can trade stocks normally.”

"But it might not be that easy to buy stocks right now. I can place an order for you first, but whether you can buy it depends on luck."

After hearing this, Tang Yichen suddenly realized.

Careless!

These days, there are only a few stocks that are discovered, and they are only a limited number.

Those who bought first made nearly double the money in a short period of time. How could anyone sell it?

Unless there are special circumstances, there is little trading volume on the entire exchange.

I only thought about making money by buying stocks, but I didn't consider that I couldn't buy them at all...