Damn, How could my family be so wealthy? -
Chapter 78: Borrowing and Returning, Makes Lending Easy
Chapter 78: Chapter 78: Borrowing and Returning, Makes Lending Easy
Elder Su knew that Su Mu had no special matters to attend to today.
A complete set of Tai Chi was performed.
"Finished,"
Su Mu, mimicking his grandfather, made a concluding gesture.
"Young master, today marks the third consecutive day that stock 00078 hit its upper limit. Should we sell it all now?"
Ah Fook had already checked the stock market as soon as it opened.
He had been waiting for Elder Su and Su Mu to finish their Tai Chi before coming forward to confirm.
"Sell it all,"
Su Mu decided without hesitation.
Regardless of whether the stock would rise further, Su Mu had decided not to hold onto it any longer.
The system had provided information that this stock would have a three-day limit-up.
Su Mu only planned to hold it for three days.
As for how the stock would perform later, Su Mu had no certainty.
For things he was not sure about, Su Mu naturally would not persist.
To quit while ahead was also a good choice.
"Alright, young master,"
Since Su Mu had already made his stance clear, Ah Fook did not try to persuade him further.
Turning around, Ah Fook went to take care of the task Su Mu had assigned.
"Xiao Mu, why not hold onto it for a few more days?"
"I heard from Ah Fook that the stock still has some potential,"
"Although there may not be another limit-up, it should be able to rise for a few more days without issue,"
Elder Su sat down in a chair and gestured for Su Mu to sit as well.
The grandfather and grandson began to chat casually.
Elder Su primarily wanted to understand why his grandson was so decisive.
He had no hesitation in selling all the stocks that still had upward momentum.
Elder Su was quite satisfied with his grandson’s boldness.
Ruthless and decisive, for the future successor of the Su Family Group.
He was very fond of Su Mu’s character.
"I can’t grasp what will happen next, so it’s best to just sell,"
Su Mu took a sip of water and spoke indifferently to his grandfather.
Su Mu was telling the truth, he only knew about the stock’s situation for three days.
As for what comes next, he was utterly in the dark and had no idea.
The stock market is like gambling.
Since Su Mu had no guaranteed win, he naturally wouldn’t choose to keep gambling.
Elder Su nodded, understanding the logic.
Not fighting battles without assurance, Xiao Mu was still very rational.
Knowing his grandson had his own thoughts, Elder Su stopped dwelling on the stock matter.
Initially, Elder Su had prepared himself for the possibility of losing a hundred million.
Now, not only had Xiao Mu not lost money, it seemed he had made a good profit.
What more was there for Elder Su to say?
The grandfather and grandson moved on to talk about other matters.
Ah Fook ran over.
"Young master, the stocks have all been sold,"
When stocks hit their upper limit and someone sells, of course there is a crowd waiting to buy.
Although Su Mu owned a large amount of the stock,
there were also many individual investors waiting to buy.
A hundred million worth of stock was snapped up almost instantly.
In no time, it was all taken by these individual investors.
"How much did we make?"
Su Mu really didn’t understand stocks,
He didn’t know how much three consecutive limit-ups could earn.
"Young master, roughly speaking, three limit-ups could yield about a thirty percent profit,"
"So a hundred million would have earned about thirty million,"
"The principal and profit have already been transferred back to your account,"
Ah Fook, who was well versed in stocks, explained to Su Mu.
"Thirty million, not bad,"
Su Mu nodded, indicating that the system’s information was quite valuable.
It didn’t take much effort, and in just a few days, he earned thirty million.
If it were pocket change, it would be enough for Su Mu to spend for quite a while.
However, Su Mu initially wasn’t familiar with the stock market, otherwise, he should have asked his old man to lend him some more funds to enter the fray.
But Su Mu wasn’t a greedy person.
Plus, the Su Mu of now didn’t really care that much about money.
He considered it just playing around, so there was no need to take it too seriously.
He took out his cellphone and called his dad.
Su Mu found that since returning to the castle, he rarely had the chance to see his mom and dad.
It wasn’t as cozy as when they were crammed into the two-bedroom apartment.
Of course, Su Mu himself had a "hand" in this.
The Su Mu of now wasn’t just a bookworm who only stayed at home.
With different understandings of life, Su Mu naturally wouldn’t waste his time staying at home.
Like last night, when Su Ruizhi and Bai Xiuping came home, Su Mu was still at the gym working out.
By the time Su Mu got home, his parents were already resting.
So naturally, he missed the chance to see them.
"Xiao Mu, is something up?"
Su Ruizhi was a bit surprised when he answered the call.
So early?
Had Xiao Mu already gotten up?
Su Ruizhi remembered that the night before, when he and his wife went to bed, Xiao Mu hadn’t returned to the castle yet.
Would Xiao Mu not take the opportunity to sleep in at this hour?
It just showed that the communication between Su Ruizhi and Su Mu had indeed become rarer recently.
Su Ruizhi didn’t even know that his son had been practicing Tai Chi with Elder Su for several days now.
For Su Mu, the real business was already taken care of at this time of day.
How could it be considered early?
"Dad, send me your account number, I want to pay back the money I borrowed from you."
With borrowing and returning, one can borrow again without issues.
Su Mu wouldn’t embezzle that billion from his old man.
Otherwise, it would be embarrassing for Su Mu to ask his dad for money for a big project in the future.
"What money?"
Su Ruizhi was completely confused. Xiao Mu wanted to repay him money?
Su Ruizhi had completely forgotten about Su Mu borrowing money to buy stocks.
It could also be said that from the start, Su Ruizhi had prepared himself for the possibility of losing that billion.
So now, when Su Mu mentioned repaying money, Su Ruizhi really didn’t associate it with that billion.
"Dad, you’re not that forgetful, are you?"
Su Mu didn’t expect his dad to completely forget about it.
A bit speechless, but luckily he was his dad’s son.
If someone else borrowed money from his dad and his dad was this forgetful, wouldn’t the Su Family’s enterprises be ruined by his dad?
Inwardly, Su Mu criticized his old man a bit.
"It’s about the billion I borrowed at the company a few days ago to buy stocks."
Since his dad couldn’t remember, Su Mu had to make it clearer.
"That billion?"
"You didn’t lose it?"
Su Mu could hear the disbelief in his dad’s voice over the phone.
He couldn’t help but look up at the sky.
Su Mu realized why his dad hadn’t taken that billion to heart.
It turned out that from the beginning, his dad never expected him to be able to repay the money.
"Dad, you have that little faith in me?"
"How could I possibly engage in something that would lose money?"
Even through the phone, Su Mu couldn’t help but complain.
"So you made a profit?"
The only possibility for his son to be able to repay the entire billion was if he had made money.
Otherwise, no matter how much was lost, there wouldn’t be enough to pay back.
Su Ruizhi admitted that he had been careless.
Initially allowing Xiao Mu to consult Ah Fook was meant to have Ah Fook keep an eye on things a bit for him.
But these past few days, Su Ruizhi had completely forgotten to ask Ah Fook about the stock market.
If you find any errors (non-standard content, ads redirect, broken links, etc..), Please let us know so we can fix it as soon as possible.
Report