Chapter 84: I Bought a Mansion, What About You?
Qin Di sent Old John away, thinking that there was still $100 million in the account, what should be done?
It's not okay to keep the money lying in the bank. It is not possible to buy stocks, and it will be a big bear market for the next 10 years or so! It is even more difficult to buy gold and silver, because in a few years, the United States will abandon the gold standard and will not allow gold and silver to circulate!
After thinking about it, Qin Di decided to set up another "Sky food" company.
The company had two businesses: one was to buy grains and soybeans and send them to China by ship, the second was to build a dairy factory to turn fresh milk into milk powder, and the third was to build a meat cannery.
You must know that the Great Depression in the United States after 1929 was not a lack of supply of agricultural products, but a lack of purchasing power, which had to bury a large amount of grain under the plough, and even use wheat and corn as "fuel" to pour countless barrels of milk into the Mississippi River. In 1933, the U.S. federal government bought 6 million pigs and then destroyed them!
During the same period, 7 million people died of starvation in the United States, accounting for about 7 percent of the total population! In the following decade or so, China was also in a state of severe hunger, but its food production was insufficient.
Thinking of these things, Qin Di couldn't help but scold: "This evil capitalism!"
From this point of view, he set up a food company and docked with the Qinjia Grain Store in the magic capital, which can be regarded as a good thing, which is of great benefit to both China and the United States.
Qin Di injected $30 million into "Sky food", and he didn't know how much food he could buy!
In 1933, before the United States introduced the "Agricultural Protection Act" and set up a "standing position," the price of corn once fell to zero! Just like oil futures in the future, it is unimaginable to say that oil futures can fall to negative values!
It can be seen that the price of food during the Great Depression completely collapsed!
To this end, Qin Di hired another professional manager, this person is named "Ross Berg", Irish, 40 years old, and used to be a broker of Chicago grain futures.
The two parties signed the agreement, which was then notarized by a lawyer and handed over to KMG, the predecessor of KPMG, for auditing.
After doing this, Qin Di was finally able to relax and take a breath.
He got eight companies in one go, and he didn't expect all of them to run very well, anyway, the registered capital was stolen from the stock market, as long as these managers were not ridiculously bad, and a little greed didn't affect the overall situation.
He trusts in his own vision, so that his luck will not be too bad, and those he chooses are the great evildoers.
He also believes that KMG, one of the five largest accounting firms, has good professional qualities and will not join hands with the company's managers to embezzle property.
According to his judgment, after a long period of time, only half of these eight companies survived, and they could bring him huge wealth.
And himself, does he really need these riches?
He is a cultivator, relying on sucking wind and drinking dew, roaring mountains and forests, he can live a good life!
On December 18, 1929, Qin Ling and Zhang Naijing took a cruise ship from Florida and the Caribbean coast to return to New York.
Zhang Naijing only knew that he had sold stocks, but he did not know that he had made a lot of money by shorting, so he gave a thumbs up as soon as they met, and kept praising him: "Brother, how do you know that the stock market will fall? I played a circle, and when I came back, I realized that you emptied the stocks in September, and you happened to sell them at the highest point! If it was a month late, it would be miserable! It is equivalent to eight years wasted!"
Qin Di smiled slightly: "I pinched my fingers and I knew it, what's the difficulty?"
Zhang Naijing said with a smile: "I used the money you gave me to buy a mansion in Manhattan near the Hudson River, covering an area of two acres and eight thousand square feet, and I spent $100,000!
Qin Di smiled: "This is a good investment. ”
At the peak of New York prices in 1928, they cost $15 per foot (1 square foot equals 0.1 square meter), fell below $10 after the stock market crash in late 1929, fell all the way down to $5 in 1932, and only recovered to $8 in 1940. However, by 2015, it had risen to $1,300 per square foot! So the effect of long-term investment is amazing, the problem is that investors have to live that long!
Qin Di's "Manhattan Real Estate Company," which invested $10 million, could theoretically buy 2 million square feet if it was bought at the lowest point, but how big is a house? The big one is 3,000 square feet, and the small one is 1,000 feet, and on average, 2,000 square feet, it can buy 1,000 houses. Of course, there are not many good places in Manhattan, and if you buy too many houses at once, it will inevitably increase the price of real estate, so Qin Di can't guess how much you can buy in the end.
In addition, he still has $70 million lying in the bank! If all the real estate investment is caused by too much movement, it may alarm the US government and send someone to investigate him, then it will be meaningless.
Zhang Naijing bought a large house of 8,000 square feet, which is an extraordinary mansion, unless there is an economic crisis, it is not easy to buy in a place like Manhattan.
He asked with a smile: "Brother, you have so much money, have you bought a few mansions?"
Qin Di smiled: "I'm too lazy to take care of it." If you want to buy it, when can't you?"
This is not the lowest point, and when the real trough is reached, he can inform his subordinates to buy a few mansions for collection.
Afterwards, the group took a train from New York to San Francisco, and from there they took a boat back home.
By the time they returned to the magic capital, it was already January 10, 1930, and it was almost the Spring Festival.
Half a year later, everyone returned home and felt very excited.
Qin Di told his father that he had established a "Sky Food" company in the United States with a registered capital of 30 million US dollars!
Qin Hancheng was taken aback: "You have so much money, how good is it to bring it home? Setting up a company in the United States, the sky is high and the emperor is far away, if it is invaded by someone, you don't know!"
Qin Di smiled: "Anyway, it's easy to make money, it's like a big water flowing down!"
"Nonsense! That's what you earned after eight years of hard work and good luck!"
"Dad, don't worry about it so much, hurry up and think about how to build a granary and store a boatload of grain. ”
"How many tons of grain can you buy for $30 million?"
"God knows! The price of food is the same every day!"
"Where is the granary?"
"Anqing, Changsha, Wuhan, and Chongqing! The farther we go inland, the more we must build large granaries! The focus will be on Sichuan! ”
Qin Hancheng was puzzled: "Why do you want to do this? It stands to reason that it is best to build the granary in the magic capital and Jinling." It's safe and easy to schedule. Sichuan is too far away! Manpower, material resources, and transportation costs have increased by a large amount, isn't this asking for trouble?"
Qin Di said: "In a few years, there will be a war! It is difficult to find a safe place in the huge China. ”
"I'm not afraid of war, is someone attacking the concession?"
"That's not exactly. The concession could also fall. ”
After some explanation and persuasion, Qin Hancheng agreed to go to Chongqing after the Spring Festival and choose a site to build a large granary.