He still had 900,000 yuan left in his hand, so Chen Yu had an idea and bought a batch of PHS.
The popular trend in this era is PHS. If you don’t have 20,000 yuan for one, you can’t buy one.
In less than three days, Chen Yu sold all the PHS phones and made another 1.3 million!
The principal has been almost accumulated now, so it’s time for him to start starting a business investment!
Chen Yu handed 250,000 yuan to his mother, Han Xuemei, and asked him to hand over the money to his cousin when he came over.
When Han Xuemei and Chen Penghai saw that Chen Yu had gotten back another two hundred and fifty thousand yuan in just one week, their jaws almost dropped to the ground in shock.
Father Chen Penghai looked at his son blankly and murmured: "Son, are you... going to stock stocks again?"
If he can earn such huge returns every time he trades in stocks, then his son is really a genius in stock trading!
Chen Yu shook his head and said with a chuckle: "The nature is the same, but the essence is different. They are both high investment, high risk, and high return."
After hearing this, Han Xuemei couldn't help but asked curiously: "Son, you gave your cousin 250,000, how much money did you make yourself?"
"Less than one million." Chen Yu did not tell the truth, but lied casually to prevent the news from leaking and more and more people looking for him.
"Wha... what?"
After Han Xuemei and Chen Penghai heard this, they immediately looked at each other in shock.
"You said you made less than one million, doesn't it mean you can pay off all your debts tomorrow?"
Han Xuemei excitedly took Chen Yu's hand and said enthusiastically: "Son, I didn't expect that you are so capable before you graduate!"
My father couldn't help but sigh: "Sure enough, the old man is better than the old man. It seems that I, an old man, should withdraw from the stage of history."
But Chen Yu shook his head. He had no plans to pay back the money for the time being.
"Mom and Dad, I am going to invest this money."
Chen Yu must tell the truth to his parents and has no intention of hiding it from them.
"Investment? Son, but I heard people say that investment, like stock trading, is a very risky thing."
Han Xuemei looked at Chen Yu worriedly and asked eagerly: "You have finally made one million now. We are now able to repay the debt, why don't we pay it back first?"
"We have paid back half a million, and there is still half a million left. Even if we put this amount of money in the bank to earn interest, we can earn a lot every year. Why do we need to do something so risky?"
Halfway through Han Xuemei's words, her face became a little solemn and she hesitated: "And what if... what if..."
Han Xuemei didn't say the rest directly, but his meaning was already obvious.
What if I lose all this money again
What will they use to repay this debt
"Mom, we can't live on this dead deposit. Using money to make money is the last word."
Chen Yu was good at tempting and patiently persuaded: "Moreover, if there is another economic crisis, the five hundred thousand yuan will depreciate just like the fifty thousand yuan. Wouldn't it be a greater loss?"
Chen Penghai on the side encouraged him: "I support my son's idea. We can't live with this pile of dead money. Money is earned, not saved."
"Young people should be bolder, go out and try their best, and then you can live up to your youth and do something great!"
What my father, Chen Penghai, said was very emotional and the public was passionate.
Unexpectedly, she was strongly dissatisfied by Han Xuemei.
She rolled her eyes suddenly and shouted angrily: "You still have the nerve to say that if you hadn't dared to venture and fight, you would have lost money in the stock market. As for letting your son work hard to make money and pay off your debts!"
"I… "
Chen Penghai was so speechless by his wife that he couldn't even say a word and didn't know how to defend himself.
Seeing that Chen Penghai was frustrated, Han Xuemei continued to persuade: "Son, if you want to invest and make money yourself, it is indeed a good thing, but should we also consider the situation of our family?"
Han Xuemei couldn't help but shook her head and sighed heavily, her face full of helplessness.
"At the beginning, it was very difficult to get them to agree that we would pay back the money after one month."
"If you really invest, if you want to get your money back, you won't be able to get it back in a month, and what if you lose the money then."
Han Xuemei's worries are not unreasonable. She is indeed frustrated by life, and she is frightened and cautious in everything she does.
"Your mother is right. This matter really needs to be reconsidered."
Chen Penghai was also moved by Han Xuemei's words.
He couldn't help but look at his son and persuaded him: "Son, you must be reliable when choosing a partner. Even brothers are at risk of being deceived. Don't you understand?"
Chen Yu naturally understands this truth, otherwise, he would not be so wary of his aunt and his family.
But now, investment is a path that Chen Yu must take.
Whether online or offline, the ambitious Chen Yu wants to do it all!
This era is the era for him to show his talents. He must realize his dream no matter what!
"Mom and Dad, I have made my decision. Don't worry, I will keep an eye on it. If it doesn't work out, wouldn't it be a good choice for me to invest in it myself?"
Chen Yu was extremely insistent. No matter how much his parents tried to persuade him, they could not persuade Chen Yu. The two elders had no choice but to give up.
No one knows their son's personality better than them.
As long as it is something Chen Yu has determined, he must do his best, otherwise, he will not give up.
Although his parents did not support his investment, they did not continue to oppose it. This made Chen Yu calm down and prepare to do this properly.
In 1998, the Internet actually existed, but at that time, there were not many people who could 'surf' on the Internet.
Because most people simply cannot afford a computer, and therefore do not have the conditions to access the Internet.
In this era, there is no wireless or broadband, and even the Internet can only use the most primitive 'dial-up' technology.
The contact information for many people's communications is mostly BB phones.
When Chen Yu thought of this, he suddenly had an idea!
Since everyone can't afford a mobile phone and thinks that a mobile phone is an expensive high-end product, wouldn't it be possible to make money if you could solve their phone call needs yourself
It's better to open a public phone supermarket yourself first, and then store some 201IP phone cards.
At that time, as long as they want to make calls, they can purchase a phone card valid for one month and call each other with their family numbers.
Just do it!
If you want to open a Gonghua Supermarket, you must first choose a suitable location. It must be a location with a lot of traffic and a relatively prosperous location.
Chen Yu immediately bought a few newspapers and checked the advertisements to see where the most suitable areas were for rent and sale.