In the evening, Jia Changliang had a late-night snack at a street barbecue stall with a friend he had known for almost a year. He had met him when he opened an account for the second time. This friend worked in a securities company.
"What a good guy, you decided to retire at the age of 30? You are really yours." His friend was quite surprised when he heard this, and immediately laughed: "This decision of yours is not bad. The lifestyle of integrating man and nature, this kind of
Frankly speaking, I’m a little envious of the leisurely, slow-paced life.”
After saying that, he clinked glasses with Jia Changliang. The latter shook his head with a smile and said: "The problem is money. The budget is not enough. I am having a headache over this matter."
When his friend heard this, he immediately said in confusion: "Don't you have a hand in Tiansheng's stock? Four million in assets is not enough in the budget? Isn't it? Is the cost of living in the countryside so high? Or do you want to start a business?
Isn't it possible to build a very large 'house'? As a friend, I would like to remind you, don't do this, the homestead will not give you so much area, and forced construction will inevitably lead to demolition in violation of regulations, so don't ruin a good hand."
Jia Changliang couldn't laugh or cry when he heard this. He shook his head and explained simply: "What kind of big house is there? What I have a headache now is how to get one or two million in cash. I now have assets worth three or four million in my name, but
90% of it is the 100 shares of Tiansheng Holdings I hold, but I don’t want to sell them.”
His friend laughed and said: "It's right not to sell. Only fools will sell. It's not a problem for your 100 shares to have a market value of over 10 million in the future. Don't sell them unless you have to. I'll give you a few words among friends in private."
, we are very optimistic about this vote internally.”
After a pause, he added: "Whenever Lu Ming is no longer the helmsman of Tiansheng, you can consider selling. As long as he is the leader of Tiansheng, you will take it. Don't forget that Lu Ming, a fierce and evil man, is not an old man.
, but he is several years younger than you and me. When he retires at the age of sixty or seventy, it will be thirty or fifty years later."
Jia Changliang couldn't help but smile when he heard it, and then said helplessly: "That's why I have a headache. If I don't sell the stock, I have no cash. If I sell the stock... No, no, I won't sell it if you don't tell me just now. Even you
Having said that, I won’t even sell it.”
His friend immediately said: "Just because of this headache? You have four million in high-quality assets, but you are worried about not being able to get one or two million in cash? Good guy, don't make this too simple, put your future cash flow forward
In the current period, you can withdraw cash without selling stocks, it’s such a simple thing.”
Jia Changliang was stunned for a moment when he heard this, and then said: "Cash out in advance? What does it mean? Can you cash out without selling the stock? What is this operation?"
His friend immediately said concisely and concisely: "Two words, pledge."
Jia Changliang was curious: "Pledge?"
His friend took a sip of wine and nodded and said: "Yes, to be precise, it is equity pledge. It is a common cash-out operation for CEOs of listed companies. Many listed companies like Big A are actually junk stocks. The methods for CEOs of listed companies to cash out are nothing more than that.
There are several methods, such as making a market to increase the stock price and then reducing the holdings for cash out, and the other is equity pledge. We don’t care whether the company is good or not in the future. We can pledge it to the bank and cash it out later.”
"In other words, put your forward future cash flow forward and cash it out in the current period to spend it first. Your 100 shares of Tiansheng Holdings are very high-quality core assets. There is no problem in using them as pledges. I have some problems with the bank.
He is a high school classmate of mine. I can introduce you to him. The cost price of your 100 shares is 13,000, right?"
Jia Changliang immediately said: "I bought it at a price of about 13,300."
His friend immediately said: "13,300 yuan? Now that you have restored the rights, your holding cost is less than 10,000 yuan. How much do you plan to cash out?"
Jia Changliang said: "I plan to get 1.5 million out."
His friend nodded and said, "Okay, the liquidation level can be set at 15,500 yuan, which means that if Tiansheng's stock price drops to 15,500 yuan per share, the 100 shares in your name will be forced by creditors."
Ping, these 100 shares will have nothing to do with you from now on. However, it is basically impossible for your pledged position to be blown up. If not out of rigor, I would like to say that it is 100% impossible for your pledged position to be blown up."
The stock price of Tiansheng Holdings fell to 15,500 yuan, which is equivalent to the evaporation of 1.85 trillion in market value, and the cumulative decline will be close to 60%. If the stock king falls in this way, Big A will rush to fall below 2,000 points.
Jia Changliang couldn't help but nodded. He didn't believe that the king of stocks could fall like this. A company with zero debt, after paying a dividend of 300 billion, its net assets were still slightly higher than the market value. If such a high-quality asset falls, it is an act of giving away money. If it falls a little more
They will all be robbed, and there is never a shortage of people to take over. On the other hand, it is basically impossible for it to fall.
His friend smiled and added: "It's no exaggeration to say that as long as you don't get too high and don't live too extravagantly, these 100 shares will be enough to support you in living a well-off life. Brother Yi will work for you to make money, right?"
Very cool?."
"And you don't need to sell stocks. When the stock price of Tiansheng Holdings goes up, your costs come down or the market value of your positions increases, then you can further forward more forward cash flow and spend it.
, which means that when asset prices rise, your consumption can be appropriately upgraded, and you can enjoy the rise in asset prices without hindering you from cashing in on your current consumption. This is the correct way to open it."
At the end, Jia Changliang couldn't help but sigh and said: "There are so many tricks, but you guys are better at playing finance."
Upon hearing this, his friend replied calmly: "Don't Liu, this gameplay can only be regarded as a decent basic operation, and there are a lot of cool operations that you can't think of. Some people are crazy when they play it.
Call it a wild person, such as that ant or something, with a capital of more than one billion or billions, dare to give you a leverage of hundreds of times, and the capital still belongs to the client, it is so wild."
"Compared to how wild these people are, Lu Ming is not very disciplined. Sometimes he has to lament that it is incredible that such a young man has become so popular. He looks wild and unrestrained but is actually as steady as an old dog.
I think the evaluation of him by people in the industry is very good. Lu Ming is a person who respects rules and regulations. He is unrestrained and bold but does not break the rules. However, although there are many good things in the industry, I am not in the position to tell you too much. I will explain it in simple terms.
Just one sentence will do."
After a friend took this trick, Jia Changliang also had a new plan in his mind. To put it bluntly, he wanted to leverage himself and front-load the forward cash flow to be spent on current consumption, which is also a liability.
While chatting with this friend, Jia Changliang also understood that people who live a more prosperous life are often high-debt people, but there is a prerequisite, that is, they have certain assets that will increase in value in the long term.
If ordinary people consume ahead of schedule or overdraw their consumption, they will end up in a miserable situation. There will be no asset appreciation income and no income. However, they are forced to spend future cash flow in the current period. They will be happy in the current period, but the debts they owe must be repaid.
.
How enjoyable it is to consume in the current period, how painful it will be to pay off the debt later.
Jia Changliang's friend suggested that he play this way because the Tiansheng Holdings in his hand has a strong expectation of asset price appreciation. This means that asset price increases can outperform liabilities, so of course he can play with confidence.
