After thinking it over carefully.
Viscount Roster gave up on the idea of communicating.
Just watch him perform and call it good.
He also wanted to see just how far the first person to actively embrace the new era from within a traditional religion could go!
Back then, although the Church of Love and Beauty appeared on the Magic Net earlier, after all they’d received divine will. But Wool Ryan had entered on his own initiative and was directly ahead of his ti by an era, displaying his live streaming sales skills to perfection.
Right now on the Magic Net, probably two-thirds of the people doing live streaming sales were still copying him!
The stock market remained lively.
But on the Magic Net, a new trend had already begun.
Starting with "Magic Net News," spreading all the way through—Magic Encyclopedia, Magic Space, Magic Know, Magic Net Video... one after another, an extrely exaggerated headline appeared everywhere.
[Still Worried You Can’t Buy Stocks? Another Way That Lets Everyone Own ’Stock’ in Their Favorite Company]
Starting with the Golden rchant Guild and the Roster Territory Group Company, up to Dragon Delivery—pretty much all the stocks of companies that everyone considered invincibly strong had already beco like wild horses running free these past few days. Even so minor nobles could no longer afford them.
It seed to have beco a ga for big nobles and big rchants. Who knew how many people were beating their chests in regret for not getting in early? But there was nothing they could do except turn their attention to these new stocks—traditional guilds and associations, so church-supported industries, so new-type companies.
They could afford those, but at a glance, there was a gap between them and those established listed companies.
Seeing a headline like this, how could it not be attractive?
Imdiately, quite a few people clicked on it.
Even at the eting venue in the Gray Fort Empire’s capital where those church Popes were eting, quite a few people opened this information.
However, when people clicked through, they discovered it wasn’t actually stocks, but bonds.
People had been curious about "bonds" for quite a while now.
The reason was simple—the Magic Net had this function.
It appeared together with stocks.
But because the bond trading market had never opened, and the description when the function was released was too simple, they only had a vague concept and couldn’t really figure out what it was for.
It wasn’t until they saw these related articles or reports that they had their "aha!" monts one after another.
"So bonds are basically IOUs. A company goes to the bond trading market and says how much money they want to borrow and how much interest they’re willing to pay. Then the bond trading market verifies the company’s information and publishes it. People willing to lend money go buy a bond, and when the ti cos, they can take the bond and exchange it for interest."
"It’s not just that. These bonds can also be sold. In the trading market, you can basically understand it as, if you can’t wait or need money urgently, you can take out IOUs that are close to maturity and exchange them with others for cash."
People looked at the information above, compared it with their everyday life experience, discussed it casually, and figured out the whole thing.
Compared to stocks, this was way easier to understand.
It was just a normal borrowing process.
It’s just that before, you could only borrow money from banks, churches, or people you knew. Now you could borrow publicly.
And trading bonds early with others was just negotiating how to split the interest, which depended on when the bond was purchased, when it matured, the risk of the company running off, and stuff like that.
Worth ntioning was that in this bond trading market, not only companies could borrow money—churches and nations could too.
And it was recomnded that the more powerful the nation, the less interest they should offer.
Because the risk they needed to bear was obviously smaller than others.
"Feels like the interest on these bonds won’t be much."
"Anyway, I feel like it’ll definitely be higher than bank deposit interest, probably not as high as bank loan interest."
"That makes sense! If the interest was lower than the bank’s interest, we’d just deposit in the bank. If it was higher than bank loan interest, they’d just go to the bank directly and be done with it. So this interest definitely has to be between the two."
"If that’s the case, doesn’t that an the annual interest is probably between 5 to 10%? Feels kind of not worth it. If you put this money in the stock market, you might get it done in one day."
"Tell about it. Feels like after they released this, nobody’s gonna want to buy it."
"I’m not even gonna think about it anyway. I thought it was so aweso feature!"
Stimulated by stocks, a lot of people right now weren’t thinking about risk at all. They only cared about how much money they could make.
Soon, voices like this dominated the Magic Net mainstream.
Everywhere people were mocking that this feature was useless.
Of course, along the way they’d also talk about how Dragon Bank was this and that.
To this, the dragons had no reaction whatsoever. They even kind of wanted to laugh.
Once so companies on the stock market side started crashing and rapidly losing massive amounts of wealth, people would naturally understand the difference between depositing in a bank, buying bonds, and buying stocks.
But these dragons forgot that if they hadn’t known the script of how things would develop beforehand, maybe they’d be doing the sa thing.
Especially those dragons who’d already made ten tis, even twenty tis their money on this stock market wave—their hearts were incredibly grateful.
Following the right deity was more important than anything.
Before, they’d gone through so much hardship plundering and robbing—how much could they even grab?
These past few days, money was like rainwater, launching attacks at them in waves.
For a mont, the entire Magic Net seed to beco incredibly restless.
The appearance of the bond trading market not only failed to absorb much investnt, but actually stimulated many people to throw even more money into the stock market, as if the bond trading market and bank interest made them realize that to really make money, you had to go with stocks!
Just as the market was about to close today, the Dawn Southern Developnt Company issued an announcent. They were about to publicly issue three different types of bonds in the bond market: "1-year term, 1 million gold coins, 5.5% annual interest," "3-year term, 10 million gold coins, 6.2% annual interest," "5-year term, 20 million gold coins, 8% annual interest."
Interest rates like these—in Ren’s previous life, you wouldn’t even dare to dream of them. If you encountered them, your first thought should be: isn’t this a scam? Aren’t they planning to borrow money and run? How could they possibly offer such high interest!
But right now, on this restless Magic Net, after people saw it, they all revealed disdainful expressions.
A re 5.5%? Only 0.5% more than Dragon Bank. Not even worth thinking about. Even the five-year term giving 8% annual interest was just a few minutes in the stock market, at most a few hours’ worth of gains. One year? Who wants to wait!
Even so churches that considered themselves very shrewd shook their heads after seeing this information. So of the more extre ones were even thinking—should they borrow so money in the church’s na and throw it into the stock market?
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