Chapter 650: Cash Out and Walking on Two Legs
A few relatives came from my hometown. They were the people Peng Ying picked up at the train station. These relatives were all from the Peng family.
We are old cousins with Peng Ying. One of them is over sixty, and the other is over fifty.
The main reason for coming this time is also the children of the family.
I finally spent all my savings to buy a house in the city, but I couldn’t get the house.
It’s not that it’s unfinished, it’s just that the construction site has no money and can’t start work.
The normal situation is to put it off again and again.
I contacted many people and tried every possible means, but the final result was that I still had to pay back the money from the bank, but the house was nowhere to be found.
The only way is to find Peng Ying.
Because they were all relatives with whom they had little contact, and Chen Pingsheng had not been back for many years, he did not come back.
But after knowing the matter, let Song Yanxi handle it.
Roughly, all the unfinished buildings bought by these relatives were bought.
This small amount of money is not worth mentioning to him, but to these rural relatives it is really life-threatening.
I don’t have time to cry every day.
Seriously, it is really not easy for ordinary people to buy a house.
Not to mention buying an unfinished building.
His relatives here can still have him to take care of them. It would be really miserable for those country people who have no one to take care of them.
Chen Pingsheng spent roughly more than 30 million to collect the house, because it was not a house in a first-tier city, so tens of millions could help his poor relatives in the countryside get through this disaster.
This can be regarded as a great thing he has done for his relatives. Anyway, although he usually would not deliberately get close to these relatives who are in trouble.
But if he encounters a problem, he will still do his best to help.
In late October, when NVIDIA's stock price rose to US$680 billion, Chen Pingsheng didn't wait any longer.
Just take out 1.5% to cash out, at least to get out all the principal invested.
The rest depends on the situation.
1.5% of 680 billion US dollars is not a small amount at all.
It was a huge cash-out of tens of billions of dollars, which is about 70 billion when converted into RMB.
Chen Pingsheng basically collects all the funds needed to take off new energy a year in advance.
This year, due to Tesla’s three large cash-outs, his investment in the technology field has risen three levels in one go.
This time the cash-out is completed, 30 billion is also allocated to Tengfei New Energy.
Including the 20 billion previously invested, the reserve funds of Tengfei New Energy including Tengde Times in 2021 will already reach 50 billion.
There is no shortage of funds required for the next year.
As for other sectors, there is also no shortage.
The reason why he wants to cash out is because he does not want to put all his money on the Nvidia family.
With 40 billion left, plus the 8 billion in cash he already had, Chen Pingsheng held two days of meetings at the headquarters and finally decided to invest in Google.
The current total market value of Google is about 700 billion U.S. dollars, which is 4.8 trillion when converted into RMB.
He spent 48 billion to buy back only 1%.
With his existing capital, he can only invest in these technology giants.
Smaller stocks are easier to get in and harder to get out. Just one move can crash the stock price.
When it comes to Google, you don’t need to worry too much about cashing out.
It’s still the same as before. Once you invest, you won’t cash out for at least two to three years.
If it could double in three years, that would be extremely impressive.
As for those high-quality domestic assets, they are not at a desperate stage yet. Although everyone has difficulties, they always feel that they can hold on a little longer.
Anyone with this kind of mentality is not the best time to enter the market.
Only when these people completely abandon all chance, that is the best time for him to enter.
It is almost the end of October, and the group has to start comprehensively calculating its third quarter profit and financial report.
As for their own families, they also need to start counting their income.
His family’s current most stable income comes partly from investment and partly from rent collection managed by Tengchao Business.
Tengchaoshang invested nearly 100 billion in it, and the investment time was very early.
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The annual net profit from rent collection is as high as about 3.5 billion.
In addition, Shuiyunjian also accounts for the majority of cash income. Due to well-known reasons, Shuiyunjian's profits this year have decreased by at least 30% compared to last year.
The estimated annual revenue is only 2.6 billion.
Investment aside, these two incomes are considered the most stable among family incomes.
As for Tengying Group, there will be no dividends in the past three years, so there is no room for calculation.
After Chen Pingsheng put down the family financial report in his hand, he said: "We must save a little bit. It seems that our family is prosperous. Leaving aside investment, we can really have a stable income for a year." It’s only about 6 billion, which is still far short of expectations.”
The main reason why stock investment income is not calculated is that it is risk income.
It may be very high this year, but it may not be certain next year.
At least he doesn’t know whether NVIDIA, including the newly invested Google, will rise or fall next year.
Of course, this kind of uncertain asset cannot be included in the family's stable source of income.
“This is not low. I think it is already very impressive to be able to maintain a stable income of more than 6 billion a year.”
"That's what I say, but I always feel it's still a little too little."
Chen Pingsheng said: "Singapore has invested 20 billion, and it is expected that there will be a stable income of 780 million next year. When Tengfei New Energy really takes off, there should be another surge.”
Song Yan. Xi also nodded, "My Tongxin family, which has invested more than 5 billion, can generate very good profits within two years."
"Wait a minute, our family is far from its peak period yet. , My relatives from my mother’s side probably don’t come very much recently!”
“A lot less”
Song Yanxi said: "You had good intentions when you took over the unfinished house from them. Unfortunately, some people always like to think that we are fools. They even took a few broken bowls at home and said they were antiques and wanted to sell them to us for millions. They even said that they lost everything and took it back."< br>
Chen Pingsheng shook his head and laughed, "Some people are like this. If you give them a little dessert, they will rush to take advantage of you. They always feel that you have helped others but not them, and they are very unbalanced mentally. , don’t pay attention to this kind of person, just ask the security guard next time you come over. Just rush out."
"This is not good, after all, it is still a bit related. Besides, your mother will not do the same."
"You treat them as such. Relatives, they like to take advantage of you.”
Chen Pingsheng said: "Don't worry about this kind of people anymore. There's nothing we can do about the house. Ordinary people will not be able to survive this kind of thing for the rest of their lives. If we don't reach out, we probably won't be able to sleep a wink until the day we die. Other things are different. , just want to be cheap.”
Song Yanxi thought about it, it was best to ignore this kind of person, it was uncomfortable to look at him.
(End of this chapter)