20,000 deposits can turn out 1 million a year, do you believe it? But in 1988, a Shanghai man accidentally found a secret while reading a newspaper, and really made 1 million yuan in a year.
This man is Yang Huaiding, the god of the stock who called for wind and rain in ** at that time.
In the 80s of the last century, when China's financial reform was just in the testing stage, treasury bills issued by the state were made public for the first time.
On that day, Yang Huaiding came to the bank with a newspaper in his hand, 20,000 yuan in deposit and 90,000 yuan borrowed, ready to buy 110,000 yuan in treasury bills.
Unexpectedly, he was rejected by the bank staff on the grounds that individuals could not buy it.
At this time, Yang Huaiding immediately took out the newspaper, pointed to the words on the newspaper and read: "Citizens of the People's Republic of China can freely buy treasury bills. ”
The bank staff looked at the newspaper and had to explain to Yang Huaiding: "The newspaper is published, and we haven't received the official notice from above, so we still can't sell it to you." ”
Yang Huaiding had no choice but to withdraw from the bank door in frustration, thinking of another way.
It turns out that Yang Huaiding is not an ordinary person, he is a worker in a factory in Shanghai, and his brain is relatively active. In addition to going to work, he and his wife also work part-time outside to earn money.
After making money, Yang Huaiding often invited good workers to eat and drink. Many people don't know where Yang Huaiding got the money, how can he often invite people to eat and drink with such a small salary in the factory?
At this time, the factory lost a batch of goods, and Yang Huaiding naturally became the first object of suspicion, and was reported to be a self-stealing guard.
He was also approached by the Public Security Bureau, and he was suspected of being a theft suspect. When the case was cracked, Yang Huaiding's grievances were cleared.
After this toss, he didn't want to work in the factory anymore, and wanted to break a way outside.
In April 1988, Yang Huaiding smashed his iron job bowl and resigned to fend for himself.
Breaking through society requires not only courage, but also superior knowledge and wisdom.
After resigning, Yang Huaiding, in order to improve himself, soaked in the Shanghai Library every day, read books seriously, and improved his cognition.
One day, while reading a newspaper, he saw the sentence in the newspaper: "Citizens of the People's Republic of China are free to buy treasury bills." ”
Of course, Yang Huaiding understood what treasury bills were, as long as he didn't think that private individuals could buy them.
So after he raised the funds, he rushed to the bank, and the above scene happened.
Yang Huaiding, who walked out of the bank, did not give up, and checked a lot of newspapers and information after going back, and finally locked Hefei to trade, because Hefei is the most convenient.
Comparing the information in the newspaper, he learned that the treasury bills in Shanghai at that time were 102 to 103 yuan, while in Hefei they were 100 yuan, and the difference was equivalent to 3 yuan a piece.
Yang Huaiding was overjoyed, and quickly discussed with his wife, took out the 20,000 yuan deposit to buy ** treasury bonds, and quickly earned back the original one-month salary.
In order to make more money, the couple borrowed another 90,000 yuan from relatives and friends.
With a huge sum of 110,000 yuan, Yang Huaiding drove to Hefei all night and bought 100,000 treasury bills in a bank in Hefei.
Before leaving, he said to the bank manager, "I'll come back in a few days." The bank manager was thrilled.
After returning to Shanghai, Yang Huaiding found the ** exchange and sold it all in one go.
When he went home to settle the account, he and his wife were stunned, just buying and selling, and they actually earned more than a thousand in a few days.
tasted the sweetness for the first time, but Yang Huaiding was uneasy. He is a law-savvy person who knows that nothing can be done against the law. For this ** business, whether it is illegal or not, he really has no bottom in his heart.
In order to dispel his concerns, he ran to consult a law firm. After learning of Yang Huaiding's concerns, the law firm told him that it was also legal to buy and sell in other places after some research.
Soon, Yang Huaiding traveled back and forth to Hefei and Shanghai more and more, and made more and more money, and in less than a year, he earned more than 1 million.
After making so much money, Yang Huaiding began to feel uneasy again, he didn't know if he wanted to pay taxes if he made so much money?
Later, he went to the Shanghai tax department for consultation, and the tax department repeatedly told him that he didn't have to pay taxes, and Yang Huaiding was relieved.
After making money in treasury bill trading, Yang Huaiding began to enter the ** market. Beginning in 1989, Yang Huaiding purchased a large number of **.
At that time, Yang Huaiding had already been famous, and the name of "Yang Million" spread all over the streets and alleys. As long as everyone knows which ** Yang Huaiding bought, everyone will start to follow the trend and go crazy**.
* It rose sharply under the crazy follow-up of everyone, but Yang Huaiding thought carefully, found the best time for the **index, and sold all of it.
Later, when the market fell sharply, the market was bearish, and many people lost their money miserably, Yang Huaiding relied on his keen sense of smell and smart mind to buy it at a low price, and staged a big drama of buying and selling treasury bills at the beginning, making a lot of money.
Thirty years in Hedong and thirty years in Hexi, under the impact of the tide of the times, the market is changing with each passing day, the back waves of the Yangtze River push the front waves, and a generation of stock gods can only slowly withdraw.
On June 13, 2021, Yang Huaiding died of illness at the age of 71, and the former stock god has forever become history.
In fact, in this era of coexistence of opportunities and challenges, some people can always grasp the opportunity and walk to the top of financial freedom, while some people miss the opportunity and have no chance with wealth.
Only with a keen mind, extraordinary courage, intelligent insight, and rich knowledge can we keep pace with the times, distinguish information, and embark on the road to wealth.
Author: The Eye of the Night.
Editor: Zhen Zhen.