1929 I am a chaebol in the United States
Chapter 10 Entering the Stock Market
The cruise ship drifted on the sea for a month and finally arrived at its destination.
Lu Chen carried his luggage and got off the cruise ship. New York, the future financial center. A place many people dream of coming to. I also came to this place.
Lu Chen arrived in the United States, but his family suffered a disaster. Half a month after Lu Chen left, Xiao Rizi's agents found Hans and his men just as Lu Jiaming said.
But Hans and his friends were Germans, and they had no roots in Germany, so there was nothing they could do. But they learned through some channels that Hans and his friends were brought to China by Lu Chen.
They couldn't take revenge on Hans and his men, so they directed their anger at the Lu family. Father and mother Lu were assassinated many times. Fortunately, the Lu family had arranged people to protect father and mother Lu in the morning, so the assassination failed.
Under pressure, Lu's father had to sell the factory. Under the escort of Lu Jiaming's men, he left the Magic City and secretly returned to his hometown in Sichuan.
Lu Chen didn't know what happened to the Lu family at this time, and was looking around at the exit of the dock. When he left, Lu's father had told him that someone would come to pick him up when he arrived in the United States.
After a while, a young man about the same age as Lu Chen walked up to him.
"Excuse me, are you Lu Chen?"
Lu Chen looked at the young man and asked, "Who are you? Do you know me?"
The young man said, "My name is Chen Jianghe. I am here to pick you up at your father's request."
Lu Chen looked at the young man with some suspicion: "How do you prove it?"
Chen Jianghe smiled and took out a telegram and said, "This is the telegram your father sent me when you left. It also records the time when I received the telegram."
Lu Chen looked at it, nodded and said, "In that case, let's go."
Chen Jianghe took Lu Chen on the bus and then came to a rental house near a university. Chen Jianghe said, "You can stay here first, and move out when you get a job and rent a house."
Lu Chen looked around the house. There was only one house here, so he couldn't help but ask, "I live here, so where do you live?"
Chen Jianghe said: "I can just sleep on the floor."
Lu Chen said, "How can this be possible, Brother Chen, I'd better rent another house."
Chen Jianghe thought for a moment and said, "That's fine. I know there's a house for rent nearby. I'll take you to have a look later."
Lu Chen's eyes lit up, and he quickly said, "Brother Chen, are you familiar with this area?"
Chen Jianghe said: "I work and go to school here, so I am very familiar with this place."
Lu Chen then asked: "Do you know what the housing prices are around here?"
Chen Jianghe was a little confused. He didn't know what Lu Chen meant by asking this. Was he planning to buy a house here? Chen Jianghe said, "The house prices here are a bit expensive, about 50,000 or 60,000 US dollars."
Lu Chen thought to himself, why is it so expensive? Isn't the economy in a recession now? The house price is still so expensive, it's unreasonable.
When Lu Chen thought of this, he suddenly slapped his head. The Great Depression was after October, and it was only May now. The housing prices here should not have dropped yet.
Thinking of the Great Depression, Lu Chen felt that this was his chance. As a finance major, he knew that every economic crisis was a time for tycoons to make money.
Seeing that Lu Chen didn't say anything, Chen Jianghe thought that Lu Chen didn't bring enough money, so he comforted him:
"Lu Chen, this is New York, and housing prices have always been relatively high. You should wait until you find a job here before considering buying a house. I'll take you to rent a house first."
Lu Chen's train of thought was interrupted by Chen Jianghe's words. Lu Chen quickly said:
"Okay, Brother Chen, let's go rent a house first."
Under the guidance of Chen Jianghe, Lu Chen found a relatively good house. The rent was not very expensive, only 40 US dollars a month for the whole house. Lu Chen rented it for a year.
Seeing that Lu Chen was so straightforward, the landlord waived one month's rent for Lu Chen and only charged him $440.
After renting the house, Chen Jianghe said goodbye to Lu Chen.
After Chen Jianghe left, Lu Chen immediately began to plan how to make money during this global economic depression.
First of all, the first step was the sharp drop in the US stock market in October. This was a good opportunity. Chen Jianghe remembered that he had read an autobiography in his later life. The man shorted the US stock market during this period and multiplied his assets several times. He became a millionaire.
Chen Jianghe calculated the funds he had, and he still had more than 500,000 US dollars. According to that person's method, it would not be a problem for him to multiply the 500,000 US dollars tenfold.
During the economic depression, stocks of many industries were very cheap. Industries like oil and construction had all hit rock bottom. I could buy a lot of stocks at this time. I could live a comfortable life here with just these stocks.
Thinking of oil, Lu Chen thought of Xiao Rizi again. It seemed that during World War II, Xiao Rizi bought all its oil from the United States.
Lu Chen said with a sly smile: "In the future, the Americans will strangle others with all kinds of means. I can also strangle Xiaozi with oil in the future. Oh, and there is also steel. Xiaozi is an island country and is short of steel. During World War II, Xiaozi was also short of steel."
As Lu Chen thought about this, ideas for dealing with his daily life popped up one after another in his head.
Lu Chen recorded them all in a notebook.
After Lu Chen finished recording everything, he laughed and said, "Damn you, little life! With these, I'll see if you die or not."
After Lu Chen traveled through time, he never figured out what to be thankful for. When he came to this era, he also wanted to help China fight back against the Japanese aggressors.
But he never thought of how to help China. He wanted to join the army and make a living, and asked Hans and others to train him. But he always felt that this was not what he was good at. And it would not be of much help to China.
Only now did he realize that there was another way to help China.
After Lu Chen made up his mind, he went out. Since he wanted to make money in the stock market, he had to open an account at the stock exchange.
Lu Chen walked out the door and boarded the bus directly to Wall Street.
Lu Chen walked into the exchange and took a look. Damn, there were people everywhere, and not a single counter was empty.
Lu Chen cursed: "Why are there so many people?"
At this time, a young foreigner found Lu Chen. He said, "Sir, do you want to trade stocks here? I can help you."
Lu Chen looked at the foreigner with some suspicion and said, "How are you going to help me?"
The foreigner quickly said, "I am a salesperson from Citibank. Our bank has cooperation with the exchange. You can open an account with our bank and trade stocks."
Lu Chen understood instantly that some financial institutions in the future also had such businesses. He did not expect that this business already existed at this time.
Lu Chen said to the foreigner: "Okay, then I will open an account in your bank."
Seeing that Lu Chen agreed, the foreigner immediately took Lu Chen to Citibank. Then he said to the person at the counter:
"This gentleman wants to open a securities trading account. Please help me with the process."
The person at the counter looked at Lu Chen and said, "Do you have an ID? Or if you want to apply for a savings account at our bank, we can also handle it."
Lu Chen cursed in his heart, damn, another bundled service. Fortunately, he already had an account at Citibank.
Lu Chen handed the account opening certificate he obtained at Citibank in Shanghai to the teller.
When the teller saw that he was a customer of their bank, he immediately opened a trading account for Lu Chen.
Lu Chen deposited 500,000 yuan of the money he brought with him into his own account and then left the bank.
Lu Chen wanted to contact Fu Mingzhuo immediately to ask about the progress of grain collection. So he took a car to the telegraph company and sent a transatlantic telegram to Fu Mingzhuo. He then left his address at the telegraph company so that the telegraph company could receive a reply and deliver the telegram to him in time.
After finishing these things, Lu Chen took a taxi back to his rental house.
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