Chapter 47: Home is not for Long
The next morning, Lu Liang was awakened by the sound of laughter outside the house.
After a night of fermenting, news of Lu Tiechui's son making a fortune in Magic City and driving back in a 4 million yuan luxury car had spread throughout Luhe Village.
Uncles San and Chun, both combined nearly 150 years old, were too idle to work. They wandered around visiting people every day. With just over three hundred households and fewer than two thousand people in the small, ordinary village, fresh news was a rare commodity.
Old stories were repeated endlessly, and when something new did happen, such as a 4 million yuan luxury car showing up at the Lu family’s door, people couldn’t help but boast, especially since they were treated to soft cigarettes as a result.
So, from the morning, visitors kept arriving at the Lu family home, with people passing by just to see what kind of car was worth 4 million.
"Uncle, Aunt, please make yourselves at home."
Lu Liang greeted a few familiar faces but didn’t know exactly what to call them. He knew the cause of all the attention was the car parked outside. After breakfast, he found an excuse to leave.
Lu Liang didn’t go far; he drove to a newly built neighborhood not far from Luhe Village.
The project had been launched a few years ago, with an average price of 5800 per square meter, but in their hometown, nearly everyone owned land, so property sales were sluggish.In their area, the saying went that only poor people would buy commercial housing; those with money built their own houses. A commercial house, even a duplex, was not much, and the neighbors upstairs and downstairs were strangers. But with self-built houses, people could do whatever they wanted—two Roman columns at the entrance, or even building an entire European palace.
The more important aspect was that rural land was almost permanent, unlike commercial properties with time limits and management fees.
Lu Liang arrived at the sales office and picked a 120-square-meter unit. Due to the poor sales, the total price was only 650,000 yuan, with a parking space included.
He wanted to tear down the old house and rebuild, but given his parents' personalities, they would probably seek out relatives to stay with them. This would inevitably create a situation where they owed favors.
Since money could solve the problem, there was no need to be indebted to others. To prevent this from happening, Lu Liang went out to find them a new home.
The 120-square-meter, simple, three-bedroom unit was priced at 5800 per square meter, with an annual rent of 30,000 yuan.
Upon hearing the rent, Lu Liang wasn’t interested in renting. Since he had the money, he decided to buy the place instead.
With his professional real estate knowledge, he quickly chose a low-floor, north-south facing apartment.
He looked at the house in the morning and signed the contract by noon. The property certificate would take a few more days, but the apartment was ready to move into.
Lu Liang called his parents to let them know he wouldn’t be back for lunch and instead drove into the town to look for childhood memories.
He ordered a few local delicacies he used to love and sat on a small stool by the roadside, checking the stock market.
The stock performance of Teli A had yet to take off.
It was another day of decline.
The current drop was -1.5%, with the stock price at 9.61 yuan.
The trading volume of individual stocks was shrinking, with money flowing out and not in.
Numb best expressed the current mood of investors.
Those who were willing to cut their losses had already done so, while those who couldn’t bear to sell kept digging into their savings to top up their positions.
The stock market crash was inevitable, and investors could only watch their assets shrink repeatedly, unable to do anything.
“Besides real estate, what other industries can I invest in?”
At this moment, Lu Liang’s thoughts began to wander.
Apart from the 100 million he was investing with Meng Changkun, he still had 13.9 million USD (about 88 million RMB).
With his current asset allocation, he couldn’t even get a loan from a bank since he had no fixed assets.
The stock market was filled with virtual assets; a single market crash could cut his assets in half, and only real industries could bring peace of mind.
After thinking for a while, Lu Liang began to search for new concepts and emerging industries in major financial boards.
Finance is the pinnacle of all industries, and no matter how much the government may not want the financial sector to grow stronger, this fact can’t be changed.
Investors were like sharks in the sea, once they smelled blood, they would swarm and heat up the concept.
Take the case of Storm Technology, for instance. It was driven by the "Internet+" concept and exploded on the market after listing.
Moreover, with Lu Liang’s current capital, even if he qualified to participate in traditional industries, he would most likely be just a small player, contributing nothing substantial.
To make real investments, he had to look for emerging sectors in the market to find the next opportunity.
Lu Liang identified four new concepts: new retail, new finance, new energy, and the sharing economy.
New retail represented online shopping, new finance represented online lending, and he hadn’t yet fully understood new energy and the sharing economy.
At this moment, the shopkeeper brought over the dishes: "The food’s all ready. Would you like a complimentary soup?"
"Boss, I’ll take it to go," Lu Liang said, his mind preoccupied with his thoughts.
Carrying his takeaway, he planned to return home and delve deeper into his investment direction.
Among the four emerging concepts, he ruled out new finance.
Even though it was the hottest concept in the market right now, with many companies preparing to list in the US, Lu Liang wasn’t optimistic.
He had borrowed from online lending platforms before and understood its risks. It was a floating industry, and any new policy could topple the whole sector.
So, he narrowed down his options to new retail, new energy, and the sharing economy.
Lu Liang thought of Meng Changkun. He was always investing in new industries, and now they were business partners.
"Brother Kun, are you busy?"
Lu Liang called him to ask about any upcoming venture capital events and if there were any opportunities to join and broaden his horizons.
Although he didn’t know much about these industries, he had money to invest. If he liked a future trend, he could secure shares, seize control, or even start a new venture.
The financial market was his arsenal, and he was confident that with his massive cash flow, he could clear all obstacles ahead.
Meng Changkun guessed what Lu Liang was thinking and laughed: "Don’t forget, it’s June now. There are two events this weekend, though the quality might not be very high. If you’re interested, I’ll send you the invitations."
"Alright, thanks a lot."
June was graduation season. Influenced by the legendary stories of Bill Gates and Mark Zuckerberg, university students starting businesses had become very popular in recent years.
This had also driven the growth of online lending.
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