Reaching the age of thirty, my income randomly doubled-Chapter 756 - 564: Throwing from the High-Rise Building

Chapter 756 -564: Throwing from the High-Rise Building

After finishing his call with Song Yanxi, Chen Pingsheng instructed Tengying Fund on Wall Street to start liquidating assets.

The liquidation amount was 1.65 billion US Dollars. For most companies, such a large amount would likely cause a stock price crash.

But for Apple, it was just a drop in the ocean, barely making a ripple.

Chen Pingsheng deliberated and decided to increase his position in NVIDIA again. If its market cap also reached a trillion US Dollars, the returns on this investment would be staggering.

His wife only owned 0.5%, translating to 0.005.

Chen Pingsheng spent another 750 million US Dollars to increase his holdings by 0.5%, bringing the total to 1%.

He only played the long game, completely disregarding short-term stocks.

In other words, after making a purchase, he wouldn’t consider selling for at least three years barring any unforeseen circumstances.

The remaining 800 million US Dollars were transferred in full to the Tengfei New Energy account. This amount was expected to last two months.

Currently, Tengfei New Energy had an excellent reputation, though electric vehicles hadn’t yet been widely embraced domestically.

There was bound to be an extended period of losses; the same applied to Tengde Era’s batteries.

The nation’s undisputed largest battery manufacturer would boom whenever the new energy sector exploded.

Years of solid-state battery R&D had yielded some results, but not much. There was still a need for a top-notch team to work tirelessly day and night.

This had been anticipated from the start of the investment and couldn’t be rushed.

Any major technological breakthrough requires prolonged effort.

It can’t happen overnight.

Right now, aside from Tengfei New Energy, Chen Pingsheng really didn’t have many areas to spend money. Regular annual dividends alone brought in four to five billion.

He couldn’t even spend it all, even if the spoiled brat and Er Piya kept messing around.

Once you reach a certain level of wealth, it truly becomes about ideals.

In any case, he wanted to build a world-class tech company.

While elevating Tengying Group’s status, he also wanted to raise his own standing in the domestic business world.

That was extremely important, too.

July flew by quickly as Chen Pingsheng and his team toured Golden Mountain headquarters.

He then liquidated his wife’s Apple stocks and simultaneously increased his position in NVIDIA by another 750 million US Dollars.

After accumulating 1% of the shares, he had also gathered the R&D funds Tengfei New Energy needed for the first two months of 2020.

He didn’t touch the other stocks in his portfolio, feeling it still wasn’t the right time.

Neither Meituan, Pinduoduo, nor Tesla were ripe for liquidation yet.

It’s worth mentioning that at the beginning of the year, Tencent, which like him had become a major Tesla shareholder, sold off its entire 5% stake.

But Chen Pingsheng planned to wait another two years. Being in new energy himself, he clearly understood that the market was still in its infancy.

Not even the gates to Tengfei had been opened; cashing out Tesla now was evidently premature.

He planned to hold on for a few more years.

After all, he had plenty of convertible assets on hand and didn’t need to touch these premium stocks at all.

Chen Pingsheng thought it over again and decided to liquidate both the Water Cloud Space headquarters building in Magic City and the Beijing Tengying Entertainment Headquarters building.

The reason for cashing out was, first and foremost, declining property prices.

As a sharp-eyed businessman, selling high and buying low was the standard play.

There was no reason to leave money tied up in a faltering market without freeing it.

With the Golden Mountain Forest Headquarters now established, these buildings would no longer serve significant purposes.

Since he had purchased them fairly early, he could currently sell them for a profit of about 700 to 800 million. But if he waited a few years, even the 1.9 billion principal might not hold its value.

His plan even included selling the Xiangjiang headquarters.

A large number of employees were already concentrated in Guangdong, rendering the Xiangjiang headquarters practically useless. Leasing in the future would be more advantageous.

The source of this c𝐨ntent is freeweɓnovēl.coɱ.

It’s better to buy during price hikes and rent when prices decline.

Chen Pingsheng calculated everything clearly. With the Golden Mountain headquarters complete, many regional headquarters buildings would lose their value.

Rather than watching them depreciate, it made more sense to sell early and pocket a few billion.

So he got right to it, releasing sale information for the three office buildings.

Anyone capable of buying his headquarters buildings would undoubtedly be formidable, likely someone he already knew or from the same circle.

Particularly the Xiangjiang headquarters building, for which he had spent over 10 billion Hong Kong Dollars.

The listing price now was at least 12.5 billion.

Leaving aside the prestige of owning such property, he could earn rental income for himself. But if the market soured, the daily depreciation value of these buildings wouldn’t be negligible.

A million-dollar loss per day wouldn’t be unusual; there was no need to hang onto them anymore.

Selling buildings wasn’t simple. Potential buyers were well aware that the real estate turning point was imminent.

This boom-bust inventory cycle had gone on for years. What could be sold had already been sold; the remaining inventory required alternative solutions.

Xiangjiang Li, the richest man in Xiangjiang, had sold off aggressively during the initial inventory reduction phase. While he sacrificed some potential profits, he exited smoothly.

Back then, there were plenty of buyers. Now, the pool of willing buyers was pitifully small.

To make a clean exit now, you’d need real skill.

Chen Pingsheng wasn’t in a rush; if he could sell, great. If not, he’d just wait for prices to drop.

After all, these high-value properties couldn’t just be listed with agents; they could only be marketed within the elite circles.

There was quick interest in the Xiangjiang headquarters—an inquiry from a tycoon he knew. But the offer was an 80% discount, meaning the original listing price of 12.5 billion was countered with just 10 billion.

They had factored in the anticipated price depreciation over the next few years.

“If you’re so smart, why would I sell to you?”

Chen Pingsheng dismissed the offer without hesitation, saying they could negotiate but the lowest he’d accept was a 5% discount.

“Take it or leave it.”

He wasn’t short of cash, so why sell at an 80% discount?

Unlike Old Wang, who had been offloading premium assets this year at discounts of 50% or 60% or even lower.

Chen Pingsheng didn’t need to. He was loaded, and he wasn’t shy about it—there was no chance anyone would snag a bargain from him.

So he listed the three headquarters buildings in the elite circles, hoping to sell them by year-end. If they didn’t sell,

then they’d be stuck on his hands for real.

Market conditions changed on a whim. Since the beginning of the year, aside from a few wealthy individuals, most had started adopting a more conservative approach.

Even the real estate juggernaut Vanke had been chanting “survive, survive, survive” at every board meeting.

From those three words alone, it was evident Vanke’s outlook on the future of real estate was exceedingly grim.

Forget about expansion—surviving would be a victory.

Only Xu Pidai, as the wind left the real estate market, had boldly declared a 300 billion investment in new energy vehicles.

Claiming he’d achieve world-class leadership, even becoming the largest automaker by 2025.

Not in a million years would Chen Pingsheng believe he could pull it off.

This guy was the textbook example of switching to a new narrative when the old one no longer worked.

It was a shame that he couldn’t warn those unfortunate enough to buy Xu Pidai’s pre-sold properties.

There were too many intricacies tied to real estate, and no one dared to burst that bubble.

That wouldn’t be heroism; it would be suicide.