MTL - Wall Street Legend-Chapter 44 All beginnings are hard

  Chapter 44 Everything is difficult at the beginning

  New York's Chinatown is also known as Chinatown. There are currently more than 600,000 Chinese living in this area, and the East Coast Chinese are mainly concentrated here.

  In 1848, two men and a woman arrived in the United States on the "Wandering Eagle" sailing ship. This is the first Chinese immigrated to the United States. When the "Chinese Exclusion Act" was first promulgated and implemented in California at the end of the 19th century, the excluded and persecuted Chinese migrated to the east coast of the United States in large numbers, and finally chose to settle on the land at the foot of Ye Dongqing, and the scale continued to grow. Thus formed today's largest Chinese gathering place in North America.

  In New York's Chinatown, the common language is mainly Cantonese, but there are also other local dialects.

  At a glance, there are Chinese newsstands on many street corners. You can hear Chinese broadcasts while driving, and you can watch TV programs in Chinese at night. There are a lot of roadside restaurants, and about one out of every three shops is a Chinese restaurant.

The level of education is generally not high, coupled with skin color and cultural background and other reasons are often excluded, it is difficult to find a satisfactory job, so most of the Chinese here choose to do some small business, or learn a craft, etc. to earn a living .

New Yorkers call this place "slums", from which we can see how their living conditions are. Although there are some rich people among them, the proportion is far from that of white people. Most of them are in the society. bottom layer.

  Some elderly Chinese don’t even know English. They say they live in New York, and it’s more like living in this small society “isolated” from other places, unable to integrate into mainstream American society.

  Ye Dongqing grew up here and knows this very well.

  His grandmother fled to the United States in the 1940s, and his grandfather's house was earlier. When he left China, the emperor was still in power. After working so hard for so many years, he didn't save much money and barely managed to survive.

   It was in his parents' generation that life became a little more comfortable.

Because Ye Dongqing’s father is an accountant, a certified public accountant with an AICPA certificate. Unfortunately, he only graduated from a community college. Big companies don’t want people with low education. They don’t have the strength to buy a good house and make enough money to support their families up.

  In my impression, before the accidental death of my parents, the family was quite happy squeezed together in a dilapidated small house.

  Grandma passed away early, and the four of them crowded into an old house of about 60 square meters. Later, the smoker grandpa died of illness, so he had a separate small room. As for the people from her mother's house, I don't have much impression, they seem to have never met each other, Ye Dongqing was still young when they passed away, so she can't remember too many things.

  After the accident, he went to live in his aunt's house. After a few years, the compensation for his parents' death was completely spent.

  More than 300,000 U.S. dollars, can't support a few people together and only spend without earning. Renting a house and tuition fees for cousins ​​are big expenses. My uncle also likes to gamble. Before Ye Dongqing became an adult, he even sold the house.

  At that time, he was young, and he was so angry that he cried, but the guardian had the right to handle these assets, and finally his uncle succeeded.

  Since then, the hatred has deepened, and I just want to leave their house early. It seems that I never thought about recovering the money. However, it is not easy even if you want to pursue it. It is very difficult to win this kind of lawsuit. It can be said that the big house was rented for Ye Dongqing, and it has been used up in the process of "cultivating" him.

   Out of sight, out of mind, last time I didn’t want to be angry about it, and this time I don’t want to be angry. The little affection between parents and aunt’s family has been exhausted in his life, and he has been a passerby ever since.

  They don't do things properly, Ye Dongqing has a backbone, and she just repays that little "gratitude of upbringing".

  If you want to ask what kind of experience it is to be an orphan, it is probably like a ship that can never be docked. You can only drift with the current and rely on yourself for everything.

   Gradually develop this kind of personality in the low self-esteem and depression, it is difficult to trust and get close to anyone wholeheartedly, Ye Dongqing is easy to get along with, but not easy to get along with...

  Familiar streets, familiar shops.

  At the corner across the road, there are piles of fruit, medicinal materials, and seafood stalls. Various Chinese signboards are mixed together. There are many vehicles and the snow on the roadside has not yet melted.

  The simple billboard of Danshui Fund Company was erected there. After the workers piled up all the gifts and home appliances, they drove away. The words were repeated on the speakers. It took more than ten minutes to come, and the amount of funds raised was zero.

Some people try to understand the details of financial products, but no one dares to take money to invest in a company they have never heard of. Dishes are just as casual.

  Everything is difficult at the beginning. Ye Dongqing also wants to hold a high-end rich party, and then draw connections to get investment from them. Currently, Freshwater Fund Company has no scale and no performance. Who would believe him? He can only accumulate funds in such a way that his peers can laugh at him. The method is not important, he just wants to see satisfactory results.

   Clearly know that many passers-by have spare money that can be used for financial management, and the scale may not be small. Now we just need to find a way to make them willing to spend it.

  Prepare for this, fearing that someone would search for Danshui Fund through the Internet, so I paid someone to update the website, and spent 800,000 US dollars to advertise, which will be placed on the homepage of some financial management forums with a high number of clicks.

There are also these prizes, posters, etc., which cost a total of more than 100,000 US dollars. Tomorrow, the second batch of goods worth 100,000 US dollars will also be delivered. I specially made Chinese version personal posters for the company employees. Harvard, Yale, Wharton The background of famous schools such as business school and Columbia, plus the work resumes of Citigroup, Morgan, and Goldman Sachs, looks quite gimmick.

  Reluctant that the child could not be caught by a wolf, in order to gain fame, Ye Dongqing decided to give it a try, and if it didn't work, she went back and continued to obediently follow the list of bought one by one, trying her luck to find adventurous investors.

   Seeing several passers-by one after another, he stopped to take a look and left. He was quite puzzled and was thinking about what went wrong.

Logically speaking, a return rate of 7.5% a year is not low. Other wealth management companies will set the initial investment amount, and if they want to reach about 7%, it should start with at least 500,000 US dollars, and it is still not certain. To make money, there is a certain risk of principal loss.

  I don’t have high requirements, and I lowered the initial investment amount to 10,000 US dollars, but no one came to the door. It can only be said that the reputation of Danshui Fund is too small. Thinking about it carefully, it is probably because no company has done this before. It is too down-to-earth, and people subconsciously choose not to believe it.

   While thinking about it with a frown, a woman with a child in her arms stood in front of him, waving a leaflet with one free hand, and asked in Mandarin, "Does your company have anything to do with that Vale company in Brazil?"

Ye Dongqing didn't realize it for a while, wondering why the other party would think in this way, and said nonsense decisively: "It doesn't matter much, we have a promoter who used to be a member of the board of directors of the Vale company that sells ore, and has strong strength. Come here for a cup of tea? Let me explain this product to you..."

  (end of this chapter)