ALL NOVEL Chapter 29
Chapter 29: Poor Student? He’s A Big Shot With a Net Worth Of 500 million!
Translator: Dragon Boat Translation Editor: Dragon Boat Translation
The next day, Lin Bai went to the bank early in the morning to obtain a certificate of assets to prove that he had 500 million yuan.
1
After getting the certificate of assets, he rushed to the stock exchange center without stopping.
“Hello, what services do you need?”
The receptionist of the Stock Exchange Center was very cold and indifferent.
Reason being Lin Bai was really too young and had a scholarly look on his face. It was obvious that he was still a student.
In addition, Lin Bai’s clothes were very ordinary. Regardless of how one looked at it, he did not look like a person who could afford the funds for securities trading.
The receptionist even suspected that this poor student in front of him was just bored and had come over to have fun.
With such a guess, his attitude naturally could not be enthusiastic.
In fact, if it were not for the rules of the trading center, the receptionist would not even bother entertaining such a poor student.
Lin Bai only wanted to make money as soon as possible, and he was too lazy to argue with the receptionist about his attitude.
“Please help me open an American stock account,”said Lin Bai.
The receptionist’s eyes rolled his eyes so hard that he could almost see his brains.
He thought to himself, ‘This poor student really doesn’t know any better. How could he open an American stock account so easily?’
However, due to the rules, he didn’t dare to show his disdain too clearly.
He could only say coldly, “To open an American stock account, you need to submit your proof of assets.”
He thought that this poor student in front of him definitely wouldn’t be able to produce the document. He was even secretly rejoicing over the fact that he was about to send this penniless guy who was wasting his time, away.
In the end, Lin Bai grunted and placed the proof of assets on the table.
The receptionist was completely stunned.
‘No Way… Are all the poor students so free these days? In order to come here to seek entertainment, they even specially went to get a proof of assets?’
However, when he saw clearly the amount written on the certificate, he was instantly dumbfounded.
‘Five hundred million?!’
‘I must have seen wrongly!’
The receptionist suspected that his eyes were playing tricks on him. He rubbed his eyes hard, and when he looked again, it was still five hundred million.
He even pinched his thigh under the tablet.
It hurt. He wasn’t dreaming.
The receptionist looked at the asset certificate on the table, then at Lin Ban looked, and then at the asset certificate, and then at Lin Bai again…
No matter how he looked at it, this student didn’t seem to have 500 million.
Lin Bai couldn’t help but frown when he saw that the receptionist was staring at him without doing anything.
“Is there a problem?” Lin Bai asked.
The receptionist was speechless.
What’s the problem?
A young student who looked like he was only 20 years old with a certificate of assets worth 500 million was the biggest problem in itself!
“Well… according to the rules, we need to verify the authenticity of the certificate of proof of assets. Wait a moment.”
The receptionist began to make a call to check the situation with the bank.
The result was naturally that it was authentic.
Only then did the receptionist have to accept reality.
The moment he hung up the phone, he had already quickly reviewed his previous behavior in his heart.
He realized that other than his relatively cold attitude, there was nothing else that could be blamed on him. He also did not violate any of the rules.
Only then did he secretly heave a sigh of relief. He only felt a lingering fear.
He was so close to losing his job.
“Mr. Lin, I’m sorry to have wasted your time.”
“Please Wait a moment. I’ll open an account for you right away.” The receptionist did not dare to be the slightest bit negligent.
He opened the account respectfully and even reminded Lin Bai very considerately.
“Mr. Lin, the U.S. stock market hasn’t opened yet. Do you need me to give you some simple introductions and recommendations?”
Just as Lin Bai was about to say yes, a new notification popped up on the Future News app.
So Lin Bai immediately changed his words. “No, thank you.”
This time, the news post was about the Coronavirus vaccine.
At present, the Coronavirus epidemic had spread all over the world, and it was getting more and more intense, making everyone anxious.
Dragon City was still under control, and the people could basically maintain their normal lives.
4
The situation in Europe and the United States was almost out of control, and the number of people infected every day could even be said to be on the rise.
Moreover, the most outrageous thing was that many people had no awareness of defense and did not even want to wear masks. They even liked to travel around the world.
3
Under such circumstances, people all over the world were looking forward to the rapid appearance of a vaccine.
Otherwise, if the pandemic worsened, the consequences would be unimaginable.
Lin Bai opened the Future News app.
The headline was: [Pfizer has announced that it has successfully developed a Coronavirus vaccine. It will be put into use as soon as possible.]
The date was tomorrow.
Lin Bai smiled.
This news feed came at the right time. He was vexed while contemplating about which stock to buy but the future news came to give him the answer just in time.
Lin Bai believed that when Pfizer announced the successful development of the vaccine tomorrow, their company’s stock price would definitely soar. In that case, the more he invested now, the greater his profit.
Lin Bai decided to increase the leverage. The so-called leverage was actually borrowing money to invest.
This was a high-yield and high-risk thing.
Of course, Lin Bai had the Future News app, the god of cheating, in his hands. Risks basically didn’t exist for him.
Taking advantage of the fact that the market hadn’t opened yet, Lin Bai quickly went to the receptionist.
He asked for a loan.
“I can get a loan here, right?”
“Yes, Mr. Lin.”
“That’s good. I want to borrow 500 million.”
After hearing this, the receptionist felt a chill in his heart. When he helped Lin Bai open his account, he had only deposited 5 million into it. Borrowing 500 million was 100 times the leverage!
This was the first time a newbie who had just opened an account dared to use such a high level of leverage.
He really did not know whether to say that he was naive or ignorant and fearless.
Out of professional ethics, the receptionist still kindly reminded him.
“Mr. Lin, I have to remind you that increasing leverage is an extremely risky investment.”
“Considering that you have just opened an account and do not know much about the US stock market, I personally suggest that you do not use leverage for the time being.”
“It is not too late to increase leverage after you fully understand the US stock market. What do you think?” ”
Lin Bai smiled.
“Well, I think what you said makes sense. Thank you for your suggestion.”
The receptionist secretly heaved a sigh of relief. She felt that she had done a great deed to prevent Lin Bai from going bankrupt.
However, halfway through her relief, she heard Lin Bai say again, “But I still want to increase the leverage. Can you handle 50 billion?”
The receptionist almost spat out a mouthful of blood.
He felt that what he said made sense, but Lin Bai did not take his advice. What on earth was this?
Seeing that the receptionist was hesitating, Lin Bai thought that it was because the loan couldn’t be processed easily so he said, “If it’s hard to handle, then forget it. I’ll borrow directly from the bank.”
The receptionist quickly stopped him.
“No, no, no. Mr. Lin, please wait a moment. I’ll handle the loan for you right away.”
‘What a joke. This is an important client with a net worth of 500 million! Of course, I have to keep him around!’