Otherwise, how could he make such a fortune all of a sudden!
"Mom and Dad, don't worry, this money came from a good source. I made it from stock trading recently."
Chen Dating explained it this way:
He used the 20,000 yuan he had saved to invest 200,000 yuan, and then used this 200,000 yuan to withdraw the college's 5 million yuan.
Then use the 5 million to allocate another 40 million.
The last step, and also the most crucial one, was that I was extremely lucky and bought a stock that hit the daily limit, and then I got several daily limits in a row.
It increases by 20 a day.
As a result, he earned tens of millions!
Chen Dating's explanation is not far from the actual situation. It can be summed up in one word: high leverage.
Small investment for big wins!
But he didn't tell anyone about his special eye ability. The fewer people who knew about it, the better.
“Tens of millions!”
When Chen Luoxiang heard this number, his mouth opened so wide that a big duck egg could almost fit in it!
Wang Yanfang had a similar expression on her face. For her, half of her life had passed, and let alone tens of millions, the deposit in her family’s bank card had never exceeded 100,000 yuan!
Tens of millions!
What a concept!
Seeing that his parents still didn't quite understand, Chen Dating gave another example:
Just like those who are engaged in real estate, although they only have one million in their hands, they first use this one million to mortgage and finance 10 million, and then use this 10 million as a deposit to get the land.
Once the land is acquired, use it to mortgage 100 million yuan to the bank.
With this 100 million yuan, a real estate project worth 1 billion or even 2 billion yuan can be started and put into operation.
Afterwards, the leverage can be further increased through pre-sales of houses, advance payment by construction companies, etc.
Wait until this building is finally completed.
If the profit margin is 10%, he would have earned 100 million out of 1 billion, while his initial investment was only 1 million!
It is equivalent to saying that the profit from using a chicken to lay eggs has increased 100 times.
After Chen Dating's explanation, Chen Luoxiang and Wang Yanfang understood a little bit.
"Son, if that's the case, how much leverage did you use?"
"Let me do the math... 10*25*8, 2000 times!"
“…”
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