I was determined to be bad, but I went straight to the Basketball Hall of Fame

Chapter 84 Worthy of Being the God of Basketball (Sixth)
On the morning of November 11, 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 opening of the New York trading market.

The opening time of the U.S. stock market is 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 to work before 06:30 to prepare for the market opening.

However, American stockholders do not need to get up so early, because the vast majority of American people who buy stocks put their funds in investment funds to take care of them, and retail investors have basically disappeared in the U.S. stock market.

They did not disappear automatically, but were photographed to death on the beach in repeated financial crises and stock market crashes. Those who came after saw the corpses all over the place and dared not enter the market casually.

In addition to various funds in the United States, the insurance industry is very developed. Ordinary people can get stable and high returns when they invest their money in it. Why should they invest in the stock market by themselves at the risk of losing everything?
Moreover, even if you make a little money by relying on the stock market, you still have to pay high taxes to the IRS, and some funds can defer tax payments and even enjoy tax-free policies.

These reasons are superimposed, and there are fewer and fewer ordinary retail investors in the US stock market, and only real masters can make waves in it.

Min Congda is obviously not a master. The banking industry and the securities industry are both financial industries, but in fact they are far apart, and the professional content is completely different.

However, Min Congda has the advantage of foresight as a traveler, and he can't remember other things clearly. He still knows that Apple, a company, will shine in the future.

After all, when I was in college, the appearance of the iphone4 mobile phone brought a subversive experience to everyone, and the smartphone completely changed the world.

Min Congda started to buy a small amount of Apple stocks after receiving his first preseason wages. In mid-October, Apple's stock price was more than 10 yuan.

Unlike the domestic market where you buy at least one lot (100 shares) at a time, there is neither a trading time T+1 limit nor a minimum stock purchase limit for US stocks, so you can just buy one share.

Therefore, Min Congda bought 370 shares for US$2 at the beginning, and then kept covering his position with two shares and two shares regardless of the ups and downs. By the end of October, he already owned 10 shares of Apple stock worth US$10.

At this time, Apple's stock has risen to a maximum of 204 US dollars per share. If it is an ordinary retail investor, it is already considering selling at this time, at least part of it will be sold.

Just 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-share assets naturally shrunk a little, but he didn't care. After getting the wages of losing games in the regular season, he continued to use part of the money to cover Apple's position.

Before losing to the Suns, he made up 5 shares, but this time he lost to the Mavericks, he decided to make up 5 more shares, increasing the number of shares he holds to 20 shares.

Don't underestimate these 20 shares. After 10 years, when Apple's stock reaches its highest point, the price per share will reach 42000 US dollars if the stock is not split.

If Min Congda insisted not to sell the stocks, the value of these 20 shares alone would be 82 US dollars.

Moreover, this only calculates the value of the stock itself, and does not include dividends. Apple's dividends are very large and generous.

The market opened on time at 06:30, and Min Congda invested money in the call auction and bought 5 shares of Apple.

As for the price, he doesn't bother to care about it. It's in a down cycle recently, but from a long-term perspective, the current price is the bottom of the bottom, and it's over if you buy with your eyes closed.

After buying the stocks, Min Congda turned off the website and didn't look at it anymore. He lay back on the bed and slept for a while. It was only 06:30.

"Hey, I bought another 5 shares... I can only buy so much at a time. I can accumulate a lot of wealth after buying it in the year of the monkey? My 3 million US dollars."

Losing wages can be said to be a lot less, but it can be said that it is really not much. It is more than enough for daily household use, but it is not easy to save a lot of money.

It's not that Min Congda didn't want to use a bank loan to speculate in stocks. It stands to reason that in his capacity, it is easy to get a relatively large loan from the bank.

But when Min Congda went to a nearby bank, he found that the credit limit under his ID was zero, and he could not get a loan, not even a credit card.

The bank card left by the system for Min Congda is a debit card of the "Alaska Frontier Development Bank". This bank does not even have a branch in Los Angeles. It's really MF to pay a handling fee of 2.5 US dollars.

The system arranges this way because Min Congda can only get direct benefits from the team's poor performance, otherwise, as a traveler, he will more or less know some ways to make money.

What if you take advantage of the loopholes to make a fortune and don't care about the main mission?
As for the stable investment and financial management method of regular investment and buying stocks, the system turned a blind eye and let him do it.

After going back to sleep, it was already 10:30 when he woke up. He didn't want to go to the team headquarters, so why did he go?Play 2K?boring.

I will wash up later, and go directly to the training center for lunch. The Clippers will have another game in the evening, and my income is still pointing to the Clippers losing.

Min Congda looked at the schedule, playing the Timberwolves tonight, then went to the away game to play the Warriors, and then returned home to play the Memphis Grizzlies...

These three teams have a characteristic, that is, so far since the start of the game, they have won 1 game and only won 1 game, which is not as good as the Clippers.

Min Congda looked at the schedule and felt a pain in his head, "How can we continue to beat bad teams? Can't we just play more strong teams? The season has just started, so we should play more strong teams to lower the morale of the record. What? Old bad team."

Out of worry about the schedule, Min Congda didn't have a good meal at the training center at noon, and he couldn't eat after eating only three hamburgers.

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 turned out to be good!

Min Congda hurriedly asked Ada: "Ada, how many seats are there tonight?"

Ada replied: "Tonight's attendance is 15789, which is not bad."

15789?The total number of seats in the Staples Center is 18997, and the attendance rate reaches 80.00%.

It is understandable that the attendance rate was 80.00% when playing the Suns. After all, the Suns are more popular and it is the home opener.

And with the momentum of the last lore against the Lakers, the team's performance made the fans look forward to it, and it is normal for the attendance rate to be high.

Now that they have lost to the Mavericks, why is the attendance rate in this game still quite high?This is a little unforgivable.

Are Los Angeles fans so ignorant of football?Having nothing to do at home, I came to watch the Clippers play.

Min Congda was puzzled and asked, "Which game has the lowest attendance rate this week?"

Ada took out the data and looked it up, and said, "It was the Charlotte Bobcats game against the New Jersey Nets that just ended today. The attendance rate was only... 48 percent."

"What? 40.00% eight! This attendance rate... Who is the owner of the Bobcats?"

"It's Michael Jordan."

Min Congda slapped his thigh and said, "Damn it, you are indeed the god of basketball!"

(End of this chapter)