Chapter 472: Investing in Shares
Chapter 472: Investing in Shares
Upon hearing Jiang Dong's request, Jiang Xia immediately replied, "Yes, but I only have half of the cash available. I can transfer it right away, and for the remaining half, I'll ask someone to help me sell some stocks and then transfer the money to you. Will it be too late if it's delayed by a day or two?"
With an outsider present, Jiang Xia didn't directly mention the amount of 100,000 yuan but instead used 'half' as a substitute.
During the previous two months, either due to the Chinese New Year or rainy weather, they hadn't gone out to sea and had only been translating at home.
So they hadn't made much money.
They had 100,000 yuan in savings, most of which was earned by their father when he went on a long sea voyage before the New Year.
On the other end of the phone, Jiang Dong was touched when he heard his sister agreeing to transfer the money without asking any questions.
His sister was always there for him; whether it was a large or small amount, she never hesitated to help him.
"Sister, you didn't even ask me why I needed 200,000 yuan?"
Jiang Xia: "Oh, I forgot to ask. What's it for?"
Jiang Dong: "..."
"Isn't it too late to ask now?"
Jiang Xia: "It's not too late. If you don't have a legitimate use for it, I won't give it to you. The money hasn't been transferred to you yet, right?"
Jiang Dong: "..."
"Sister, you've changed! You actually suspect that I don't have a legitimate use for it."
Jiang Xia laughed, "Alright, I'll go and transfer the money after I have lunch. Sister believes you have a legitimate use for it."
Hearing this, Jiang Dong became excited and shared the good news, "Sister, I recently participated in a design competition abroad with my suitcase and baby stroller, and I just returned today. Guess if I won any awards?"
Jiang Xia: "..."
This question would have insulted his intelligence, as well as hers, even at the kindergarten level!
Without waiting for Jiang Xia to guess, Jiang Dong couldn't help but blurt out, "Both of them won awards!"
Jiang Xia smiled, "So you want to expand production and stock up on inventory in preparation for the Guangzhou Fair?"
Before the New Year, Jiang Dong had mentioned in a letter that he and several senior brothers had partnered to open a factory specializing in producing various suitcases, travel bags, and baby strollers in Jing City.
"Yes!" Jiang Dong exclaimed, "I believe it will sell very well. Sister, do you know that when I walk in the airport with my suitcase, I get a lot of attention! Many people ask me where I bought it. Whether it's in China or abroad, many people inquire about it."
Jiang Xia laughed, "If the amount you mentioned isn't enough, I can sell all my stocks and raise another 10,000 yuan. I'll transfer 10,000 to you right away, and then I'll call Zhang Erge to help me sell the stocks. I'll transfer the remaining 20,000 to you in a couple of days."
Jiang Xia was very optimistic about the suitcases and baby strollers.
At present, there were no suitcases with handles worldwide, only luggage with wheels, which had many drawbacks and were far less convenient than suitcases with handles.
Moreover, Jiang Xia had discussed the value of branding and product positioning with Jiang Dong in her letters.
She suggested that when their funds were limited, they should start with a high-end route. Once the economy developed and more people went out to work, they could consider the mid-to-high and mid-to-low-end routes.
There was no rush for the mid-to-high and mid-to-low-end routes, as those who needed suitcases were mostly people who traveled frequently for work, and they either had status or wealth.
Only a high-end suitcase could highlight their social status.
How prestigious would it be to stroll through major airports or train stations with an expensive suitcase?
In the international market, there were many wealthy people in developed countries, so they should first cater to the needs of these consumers.
Because of their wealth, they would be willing to spend money on convenience without hesitation.
As for the domestic market, who among the common people would be willing to spend money on a suitcase? Weren't the red, white, and blue plastic bags good enough?
Only the wealthy could afford to buy them in China as well.
Jiang Xia's thoughts were not baseless; there was a significant economic gap between China and developed countries abroad.
She had previously noticed that many international friends attending the Guangzhou Fair had a penchant for luxury brands.
Some wore only a single watch, belt, or carried a branded bag.
Some even dressed entirely in luxury brand clothing.
Jiang Xia hoped that Jiang Dong could create an international brand, even if it wasn't a luxury brand. She wanted it to become a household name, the pioneer of suitcases, so that any future brands would never surpass it.
"You don't need to sell your stocks, even 100,000 is enough. Sis, you and your husband are actually learning to trade stocks like others? Is it profitable?" Jiang Dong had also heard that the stock market in Hong Kong was doing extremely well.
With an outsider present, Jiang Xia didn't want to say too much, thinking that Jiang Dong might also want to buy stocks, so she replied, "It's not bad. I'll explain the details to you later in a letter."
Upon hearing this, Jiang Dong understood that there was an outsider present, so his sister couldn't say more.
He said, "Sis, you don't need to sell your stocks. 100,000 is enough. I'll help you invest. This 100,000 is a capital investment, and I'll help you invest with both capital and technology, taking up 20% of the company's equity. In the future, you'll receive dividends every year."
Jiang Dong didn't mention that he had already contributed 100,000 for his sister, but currently, she could only come up with 100,000 in cash, so he helped her with the remaining 100,000.
It wouldn't be good to ask her to sell all her stocks.
His sister still owed the shipyard several hundred thousand in outstanding payments. She probably wanted to rely on the stock market and the Guangzhou Fair to make some money and pay off the remaining balance.
(End of Chapter)
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