A great director who grew up happily

Chapter 190 The Dragon and Phoenix of the Investment World

"No, Lei'er, please speak slower. I couldn't hear you clearly." Fang Yuan quickly stroked Lin Lei'er's back to help him catch his breath.

"Yes...it's like this, my...uncle-in-law, and I were just...downstairs with my cousin, looking at the new car that Chen Jinnian just bought." Lin Lei'er said breathlessly.

"Ah, that car is from Jinnian. I thought it was bought by the Ji family." Fang Yuan couldn't help but continue.

"What's going on? Stop interrupting Lei'er." Tong Wenjie pushed Fang Yuan away with disgust and handed him a glass of water.

Lin Lei'er took the cup but didn't drink. Instead, he continued, "At this time, my grandparents came over with a lot of things. They also said that they had invested in some big health project and received tens of thousands of dividends."

"What? Are my parents crazy? It sounds like a scam. How could they fall for such a trick?" Fang Yuan suddenly lost his composure and his voice became higher.

"I told Chen Jinnian the same thing after hearing it. He pulled me aside and said it was a Ponzi scheme." Lin Lei'er finally finished speaking.

Fang Yuan and Tong Wenjie were also disappointed. One of them studied law and the other studied finance, and they were very familiar with this business model.

The Ponzi scheme is not complicated, and it can even be said to be a very simple financial investment fraud method. It is a typical method of making money out of nothing, using the money of new investors to pay high interest to old investors, in order to create the illusion of making money and defraud more investment.

When the interest to be paid is too high and the investment attracted is not enough to cover the operating costs, the trader will choose to run away with the money.

Therefore, there was nothing abnormal in the operating conditions of such companies before the bankruptcy. Some companies could even operate for seven or eight years, but these could not change the final outcome.

Moreover, those who commit this kind of financial fraud have already transferred the money away long ago. Even if the boss is caught, it is impossible to get the money back. They don't care how many years the court is willing to sentence them.

At worst, they will be sentenced to life imprisonment. If they actively reform themselves in prison and apply for sentence reduction, they will be able to get out in 14 or 15 years if things go well. They will be financially free directly, which is great.

Fang Yuan forced himself to stay calm and asked in a trembling voice, "Where are grandpa and grandma? I'll go find them."

"He should still be chatting with his cousin downstairs."

After hearing this, he hurried to go out, but his legs were completely out of control. His left foot tripped over his right foot and he almost fell in the living room.

Tong Wenjie and Lin Lei'er quickly reached out to support him.

"Fang Yuan, please don't be anxious. Talk to your parents."

"What are you talking about? Aren't we here?"

Fang Yifan's grandparents walked in happily, carrying large and small bags.

Fang Yifan, who was following behind, was also grinning with joy. He was still calculating that if his family invested money in it, he could earn hundreds of thousands of dollars a year, and then he would buy a car for fun.

"Leier and Fanfan, you guys eat first. I have something to talk to grandpa and grandma about." After Fang Yuan finished speaking, he pushed his parents out of the house. The children couldn't hear this.

"Hey, son, what are you doing? Your father and I have finally come here, and you can't even let us sit down before you coax us to leave. Is there any son like you?"

"Mom, please let's talk it out." Fang Yuan suppressed his inner anxiety and urged her to go out quickly.

Only Fang Yifan was still confused. He sat down at the dining table with difficulty, legs apart, and said happily, "Mom, I found a good way to make money. As long as we follow grandpa and grandma to invest, we can earn..."

Before he could finish his proud words, Tong Wenjie slapped him back.

"Mom, why did you hit me?" Fang Yifan grimaced in pain and tried to reach back to his beaten back. However, because he twisted his body, his injured hip ligament was pulled and he rolled his eyes in pain.

"Think carefully with your pig brain, how can there be such a good thing as money falling from the sky? If there is a real opportunity to make money, why do people still keep a few cents in bank deposits?" Tong Wenjie scolded him angrily, her big account was completely wasted.

"That's because they don't have enough knowledge and can't grasp first-hand resources, Mom. We have this opportunity now, and we must seize it." Fang Yifan still insisted on his point of view.

It can only be said that sake makes people famous and white money moves people's hearts. If Fang Yifan, who only heard it from hearsay, is still so convinced, then it is even more impossible to persuade his grandparents.

No matter what Fang Yuan said, even until his voice became hoarse, the two old men insisted that there could be no problem. They had all conducted on-site inspections and the project was very reliable.

Chen Jinnian, Wang Yidi and Huang Zhitao all had dinner at Ji Yangyang's house. When they came out after dinner, they could still hear Fang Yuan's earnest advice coming from the corridor.

At the same time, someone was found eavesdropping on the first floor.

"Qiao..."

"Shh." Qiao Weidong also saw them, and quickly signaled them to shut up, and tiptoed out.

Chen Jinnian looked at him with disdain: "Uncle Qiao, you are so shameless. You can do such a thing."

After being verbally bullied by the younger generation, even a thick-skinned person like Qiao Weidong felt a little embarrassed. He pretended to clear his throat and said, "I wanted to see Yingzi, but I happened to hear Fang Yuan's voice in the corridor. He was just curious and wanted to listen."

"Listen to me? It doesn't look that simple to me."

Their Shuxiang Yayuan is an old residential complex. The elevator has been replaced with a new one. No one walks in the stairwell, and it is drafty everywhere. Chen Jinnian looked at the other person's red nose and ears from the cold and felt that he had been listening for a long time.

When Qiao Weidong felt the other person's gaze sweep over his face, he nervously touched his cold nose and said, "I have a good relationship with Fang Yuan, and I care about my friend. But Fang Yuan has a hard time too. He lost his job, and his parents are investing in such an unreliable project."

Chen Jinnian couldn't help but nod his head. The Fang family did have a tragic fate. If one excluded the useless Fang Yifan, he would still have a pretty good impression of the Fang family.

But Qiao Weidong's next words left Chen Jinnian dumbfounded.

"Why invest in big health? If you want to invest, you should learn from me and invest in wine estates. That's the project that can make money."

He looked at Qiao Weidong, then looked up.

Come on, what kind of luck is this today? In just a few meters, the best of the investment world have gathered together.

Seeing the children's confusion, Qiao Weidong explained, "Let me tell you, the red wine industry is definitely a blue ocean market. In just a decade or so, sales have increased tenfold. Plus, young people don't like drinking white wine anymore, so red wine will definitely dominate the market in the future. Let me see what your strategic vision is."

Chen Jinnian looked at Qiao Weidong as if he were a fool. His analysis was correct, but his conclusion was wrong. Young people hate white wine because they resist the drinking culture, and red wine is even worse in this regard.

So young people not only dislike white wine, but also throw away red wine.

As far as he knew, in just a few years, the red wine market had plummeted by half, and those who invested in wine estates had suffered huge losses.

Chen Jinnian now had only one thought in mind, and quickly asked, "Uncle Qiao, has my father agreed to this?"

"Hey, you don't know yet, your dad has sold all his shares to us."

He breathed a sigh of relief when he heard this and patted his chest. Fortunately, his family's money was finally saved.