Reaching the age of thirty, my income randomly doubled

Chapter 218: Chapter 175: Limited Stock

Song Yanxi was well aware of all these things.

She just didn't know the reason Song Shuiqing brought them up.

Trading stocks is different now than it was before; it used to be done through brokers in the stock market, but now it's all done directly on the mobile phone.

It's very convenient.

"Shuiqing, you're not also learning to trade stocks, are you?"

"No, where would I get the money for that?"

Song Shuiqing was eyeing the end of her third year in college, and after September, she would be in her senior year.

That's when internships and job hunting begin.

"Cousin, can I apply to intern at your family's company?"

"Intern at our place?"

Song Yanxi looked at her husband, curious, "Which company do you want to intern with?"

"Any of them will do; you have so many companies now, as long as I can get an internship, it's fine."

"I see!"

That was not difficult to arrange; Chen Pingsheng simply decided to let her go to Tengying, where the work is the most relaxed.

The company Song Shuiqing most wanted to intern with was Tengying, as it has many celebrities.

Yang Mi is there, and you can chase celebrities anytime.

When their family drove back, Liu Fen had invited quite a few relatives to their home.

They mainly exchanged recent stock trading experiences; with the current market trend, whatever you buy goes up.

Chen Pingsheng always felt that the stock market's rise was a bit too rapid.

What goes up must come down.

Of course, he didn't have much to worry about; he only bought Vanke Shares after all.

No matter how the stock market fluctuates, it can't have too much impact on him.

"Daughter, do you also want to take out some money to invest in stocks?"

Liu Fen knew that Song Yanxi had at least nearly a hundred million yuan of funds; this year, apart from investing in the Water Cloud Space storefront,

she hadn't had any major expenses.

She brought this up mainly because the current stock market was performing very well.

Putting money into the stock market is always better than leaving it in the bank.

Song Yanxi would not listen to her. The stock market is fine when it's doing well, but once it's not, it's hard to get your money out.

"I'll pass on that, and you should also play it safe."

After thinking it over, Song Yanxi couldn't be bothered to persuade her any further.

Mainly because, all things considered, the money in her mother's hands was about as much as the watch her granddaughter had.

It seems like a lot, but it's not really much.

"What a pity, if Yanxi had started trading stocks last year, she could have at least doubled her money."

"Pity what? Her family is making so much money they don't even care about this."

That's the reality. When you're as wealthy as she is, there's really no need to focus on the stock market every day.

Liu Fen didn't concern herself with her daughter's opinion; she continued her daily research.

Her goal is clear: this year, she intends to make enough money to buy an apartment.

The bull market draws countless people to open brokerage accounts every day.

No one knows exactly when it will peak.

Anyway, those who bought Storm Technology are now ecstatic.

When can we experience such a surge?

The stock went public on March 24th and hit several limit-ups in succession.

Within less than two months its share price rose from 7 to 300 yuan per share.

The legendary stocks of 2015 were Storm Technology and LeEco.

Chen Pingsheng, who only invested in Vanke, remained as calm as an old hound, never even considering making a move.

Time flew, and it was May 8th.

Chen Pingsheng went to the fifth floor at Tengying to participate in Tenghui Department Store's first financial report since its opening one and a half months prior.

The total investment of Tenghui Department Store in Capital City is almost 1.5 billion yuan.

This includes a super large logistics warehouse, three operating Tenghui Department Stores, and one more department store undergoing renovations scheduled to open in June.

Shen Chengjun, with many years of experience in managing chain department stores, and Lin Jia, who still is responsible for the marketing department of Tenghui,

"Mr. Chen, these are the changes in foot traffic at Tenghui Department Store from mid-March to the May Day holiday."

The data is very detailed.

It's clear to see that since its opening in mid-March, Tenghui Department Store's foot traffic had been on a steady rise, peaking during the May Day holiday. Stay tuned for updates on m-v -NovelBin.net

Considering how Tenghui Department Store inherited the comprehensive range of fresh products from Tengsheng, it had a significant advantage in customer traffic.

From the current situation, Tenghui is expected to achieve overall profitability by August.

This is quite normal; department stores, including large supermarkets, have a growth period.

It's mostly about accumulating customers.

This growth rate is quite fast, especially since they had dual-level promotion from celebrities like Yang Mi and Zhao Liying in the initial stages,

plus the fact that the space was their own, eliminating the need for high rent payments.

Once the cost savings are realized, profit margins naturally appear.

According to Shen Chengjun's estimation, with Tenghui's low-price, high-quality strategy, the reputation among customers is very good.

Continuing this way, profitability is just a matter of time.

Normally, a successful Tenghui Department Store can expect an annual profit of around 60 million yuan.

It can't compete with Water Cloud Space, but its strength lies in its stable, long-term profitability.

If he can open 25 stores within two years, their family will have truly stepped into the threshold of the super-rich.

And that would be a very secure position, which is not easy to achieve.

"Not bad."

Chen Pingsheng then examined the detailed sales data for each major department within the department store.

Overall, fresh produce was still attracting the most consumer visits.

Next were daily necessities.

As for clothing, footwear, electronics, and the like,

the sales figures had not really taken off yet, mainly because of a trust issue.

Customer trust needs to be built up over time.

Even though they have marked every product with the purchase price, which is novel for customers,

those who are distrusting still make up the majority.

It can only be said that proof will come with time.