"Come with me for a moment."
Chen Xuelin called Chen Dong to the master bedroom and closed the door.
Then, I rummaged through the cabinet.
Not long after.
A bankbook appeared in his hand.
"There's still over 4,500 yuan in here. Go to the bank tomorrow and withdraw 4,000 yuan."
"Dad, what's wrong?"
Chen Dong was somewhat surprised.
It's almost Chinese New Year, and we've already bought all the necessary New Year's goods for the family, so there's nothing else we need to spend money on.
Suddenly they asked me to withdraw money, and it was clearly my parents' most precious savings.
Upon hearing this, Chen Xuelin patted Chen Dong on the shoulder.
"Although your dad doesn't know much about doing business, I do know that doing business these days is not easy."
"Take this money first. It's not much, but it will make things a little easier for you when you open your shop."
"I......"
Hearing this, Chen Dong was speechless.
It was obvious that the father had misunderstood him.
He will definitely need money after the New Year.
But this money wasn't used to buy a shop.
A commercial storefront built in 1990, at a price of 1,000 yuan per square meter, can definitely be acquired.
Moreover, this price is for a commercial street in the city center.
In more remote areas, it's around 500 yuan per square meter.
For 20,000 yuan, you can get a 20-square-meter shop, which is still a good deal.
Just a few more years.
The prices in the store can also rise accordingly.
The shop, which I bought for 20,000 yuan, can recoup its cost in just one year from rent alone.
By the 20th century, the monthly rent would probably have been more than 20,000 yuan.
Not to mention, what happens when there's demolition or redevelopment...
This is a highly profitable business.
However, Chen Dong also had his own plans.
Buying real estate or shops is indeed a viable option. You can buy them and leave them there without doing anything else, and in just a few years, their value can increase several times or even ten times.
In later generations, many illiterate, uneducated people lived incredibly comfortable lives and achieved financial freedom at a very young age simply because they owned property.
If Chen Dong were just an incompetent good-for-nothing, he would have gone down the same path.
They can even use real estate as collateral to buy more properties and then mortgage those properties again, creating an unlimited arbitrage model.
In just a few years, the profits from the appreciation of the property will be enough to offset the loss of interest.
However, the drawbacks are also obvious. On the one hand, you need connections, and on the other hand, the cycle is too long.
Chen Dong, with his background in finance, knew exactly what was important and what wasn't.
Thinking of this, Chen Dong spoke up.
"Dad, let's keep this money at home. It'll be there in case something happens."
"If you really want to help, why don't you ask around and find out where I can buy treasury bonds?"
Treasury bonds?
Upon hearing this, Chen Xuelin looked at him suspiciously and asked.
Why are you asking this?
"You don't actually want to buy this, do you?"
"Let me tell you, Chen Dong, your father has eaten more salt than you've eaten rice. You really shouldn't touch this stuff."
As he spoke, Chen Xuelin's voice rose eight octaves due to his emotional outburst.
"Why can't I touch it?"
Chen Dong was somewhat confused.
His dominant mindset is that of billionaire Chen Dong, who has not experienced this era.
Many things I've only seen or learned from books.
In other words, he only has theoretical knowledge but lacks practical experience.
"See for yourself."
As he spoke, Chen Xuelin opened a drawer, took out several receipts from an iron box, and handed them to Chen Dong.
Isn't this exactly the treasury bond I've been looking for?
Chen Dong recognized it at a glance.
I held it in my hand and looked at it repeatedly; indeed, the words "Treasury Bonds" were written on it in large characters.
Like paper money, it has a denomination, design, year, and serial number.
On the far right of the treasury bill, it is also written that it has a three-year term and a five-year term.
"Dad, how did this end up in the house?"
"You didn't buy it too, did you?"
Chen Dong looked suspicious.
Chen Xuelin sighed and said.
"The task assigned from above requires every employee to buy something, supposedly to support local development."
"As you can see, over the years, it's almost 500 yuan."
"You know, this stuff can't be eaten or drunk. I went to ask the bank staff before, and they said it can only be redeemed after it matures."
"Hasn't it already expired?"
Chen Dong looked at the numbers on the screen repeatedly.
It has a face value of 100 yuan and was issued in 1986 as a three-year term.
It's 1990 now, so it should have expired long ago.
"Do you think I didn't go to the bank?"
Chen Xuelin rolled his eyes and offered an explanation.
"The bank said that they have already collected all the treasury bonds and have no more money to collect, and told me to come back later."
“I went back and forth several times, and they all gave me the same answer, so I got tired of going.”
As he spoke, he looked at Chen Dong with a serious expression.
"Now you understand, right? Even if you manage to collect it, what if you end up with nothing to show for it?"
"......"
Hearing this, Chen Dong was both annoyed and amused.
But thinking about it, it's not surprising that Chen Xuelin thought that way.
Information was not readily available in this era.
The price of treasury bonds varies drastically between cities.
Banks are a prime example.
The most expensive city is Mingzhu.
A typical 3-year treasury bond priced at 100 yuan will be redeemed for around 104 yuan.
Banks in other cities offer different buyback prices.
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