Shrewd Hangzhou uncle, this time he really got trapped.

Bought during the 12-year stock market downturn, sold at the peak in 2015, earning 500,000 and using it as a down payment for a house.

Before the real estate crisis in 2022, he held the property for at least 5 years, paid the minimum deed tax, and sold the house for over 3 million yuan.

All investments were in Zhejiang Zhongjin's financial products, with a 4% interest rate, very stable. During this period, he added multiple times up to 5 million yuan, earning substantial interest.

On December 8th, Zhejiang Zhongjin defaulted. The uncle's 13-year investment journey resulted in a loss of 2 million yuan.

He avoided the stock market crash, the real estate bubble burst, but ultimately fell victim to "stable financial management."