Reborn in 1991, helping dad become the richest man

After dinner, the father and son took a shower and changed into clean clothes.

I started sitting on the bed and reading the newspaper.

Having not been in Shanghai for a few months, the father and son Poche now need to understand the situation.

However, by flipping through the newspapers one by one, I learned a lot of other information. For example, a few days ago, another small factory in Shanghai went bankrupt. This was the second one to go bankrupt in Shanghai.

At the same time, two factories were successfully merged.

Besides this, there is other information.

For example, the stock market is still rising.

Moreover, the stock market is rising despite the daily limit, and the newspapers also reported that there is still basically no circulation in the stock market.

This increase is actually driven by daily buy orders from the exchange.

In other words, there is a price but no demand.

In fact, before the establishment of the stock exchange, even if people had heard of stocks, they would not take them seriously.

Because at that time, this thing had no regulations at all and was more like a financial product.

But in this day and age, people don't really trust banks. Most people still prefer to keep their money at home.

This resulted in the previous stocks being basically digested as part of internal tasks within factories, state-owned companies, and even banks.

But since the establishment of the stock exchange, who would sell when the price rises by one point a day? They think that if they sell today, they will lose one point tomorrow, and thirty points in a month. Only a fool would sell.

However, there were two pieces of information that made Tang Xionghua and his son sigh.

That is, there were actually two opportunities for new stock issuance during these five months.

The most recent one ended just three days ago.

The newspapers fully described the madness of the time.

The three securities companies jointly rented more than 20 sports venues in Shanghai, and then issued subscription certificates for various stocks at the same time within the specified time.

Of course, it’s not the same as Tang Yichen buying subscription certificates.

This subscription is free.

People just need to line up and get a limited number of tickets.

Then, through a lottery, the winners will go to each stock underwriter with their winning numbers to pay for the stocks.

The newspaper wrote that the number of staff and material resources mobilized this time was unprecedented in the history of Shanghai's stock issuance.

In order to ensure the safety of the release, almost all the police forces in Shanghai were mobilized, but in the end, the doors of the gymnasium were still broken through by the crowd, causing a chaotic situation in which many people were trampled and injured.

"This situation is crazy." Tang Xionghua couldn't help but sigh while holding the newspaper.

To be honest, when Tang Yichen and his son first saw the words "subscription certificate" appear in the newspaper, they were shocked. After careful analysis, they breathed a sigh of relief.

This should be one of the various stock issuance methods attempted in the history of Shanghai before the certificate of wealth came out.

But now it seems that this approach has failed.

Of course, if he had not failed, he would not have become so rich later on.

"It's really crazy! But this is a good thing. The crazier it is, the more money we'll make later!"

"Ok!"

Tang Xionghua nodded, but still couldn't help but say, "Son, are you sure you can buy a certificate of wealth without real name?

The new stock offering is going crazy, I don't believe the fortune-making certificates you mentioned will be a flop!

Tang Xionghua really couldn't figure out this situation.

And according to what Tang Yichen told him, this time the certificate of wealth was advertised as being sold only to people with local Shanghai household registration who could purchase it with their ID cards.

But when it comes to this, Tang Yichen is very sure.

"very sure!"

Tang Yichen smiled and said, "Don't worry, Dad. I may not dare to say anything else, but I am really sure about this."

After a pause, Tang Yichen continued with a smile, "Because this is not something you told me personally in the future."

"Later, when I met the people of Magic City, as long as they mentioned the certificate of wealth, these people who had experienced this era would beat their chests and stamp their feet in frustration because of it. How could they be wrong?"

Tang Yichen is still confident about this.

Because the original certificate of wealth was actually unsaleable.

These days, stocks are crazy in Shanghai.

But this doesn’t mean that the subsequent certificates of wealth will be crazy.

Although you can buy stocks if you win this lottery.

But doesn’t this have to be a lottery?

It's not like what the newspaper said this time that you can get the number for free.

That is an admission ticket that requires real money.

And it’s so expensive at thirty yuan per ticket.

In simple terms, it's like a lottery.

If you don't win, the money will be wasted.

Moreover, the stock market has been rising continuously, and new stocks are constantly being added. In this era, newspapers often contain expert analysis that the stock market will fall due to the increase in volume.

Including the newspaper that Tang Yichen and his son just read, there were also so-called expert comments saying that the stock market will continue to decline and advising the public not to be blind.

For various reasons, people in Shanghai are not very interested in these admission tickets that require money.

This also resulted in the original plan to provide benefits to the local residents of Shanghai, with only things that they could purchase being given to them.

Finally, at each sales outlet, the responsible persons were so anxious that tears came to their eyes.

Can't sell it!

But they have a mission.

Therefore, we started to sell the products anonymously, without the need for registration, so that people from other places could also buy them, hoping that this would change the situation of poor sales.

However, it turned out to be of no use.

These days, local people in Shanghai are not interested in this thing. As for outsiders who come here to work, not to mention whether they have money to buy it, even if they have a little money, who would dare to buy it when they hear the sky-high price of thirty-one lottery tickets, and they don’t know whether they will make money even if they win.

Put yourself in his shoes. If there was no Tang Yichen, even if Tang Xionghua came to the Magic City with all his original wealth at this time, and happened to pass by the Fortune Certificate sales point on the day when the Fortune Certificate was released, he might even be stopped by the salesperson.

He certainly wouldn't buy any.

What a joke, one hundred and sixty dollars a month salary.

Now it’s a game where if you don’t win a thirty-yuan lottery ticket, it’s all thrown away.

The price of this game is too expensive for modern people.

In fact, historically, the major sellers of the certificates of wealth were similar to the initial listing of stocks, which were purchased by major state-owned enterprises as welfare benefits for their employees.

In later generations, people in Shanghai said that these millionaires who appeared everywhere in Shanghai were basically workers in the units or factories of this era.

There is no way they could buy it themselves.

But you should not refuse the free benefits given by the company or factory.

Of course, 90% of this group of people will not be able to hold on to the end, and will sell their certificates of wealth when their prices rise sharply.

This is also something that makes the old workers in Shanghai in later generations often regret it in the dead of night.