Chapter 535 - 237: You’ve All Been Making Money on the Side, Haven’t You? (Part 3)
Chapter 535 - 237: You’ve All Been Making Money on the Side, Haven’t You? (Part 3)
"Damn, didn’t they say no one had money? Where did all these things come from? Buying a car and then adding another 350,000, all together that’s 700,000 cash. Where are you guys earning this money?"
...
"Thanks for your hard work, my dear wife. Come here, let me give you a massage."
After having a meal, Li Yang went to the East Lake Service Center with Jiang Banxia, waiting for the car delivery to start at 2 PM. They took a short break while it hadn’t started yet.
Jiang Banxia smiled and said, "So this is why you asked me to apply for a closed-end fund."
"Yeah, then we can charge them high management fees. The management fee for closed-end funds is usually higher. What’s the maximum again?"
"The limit for regular funds is 2.5%, but for closed-end funds, you can set it yourself, with a maximum increase of 1.5%."
"Then just set it to the highest, a 4.0% management fee."
Currently, the management fee for publicly offered funds is generally around 1.5%, and with miscellaneous expenses included, it can reach up to 2%.
This closed-end fund, with a 4.0% management fee, plus custodial fees, should be about 0.3% or 0.5%. With other fees, it might directly reach 5%.
Five percent is a lot.
With 10 billion in funding, you could collect 500 million in fees.
"Master Li, I feel like you’re a marketing genius. I never thought you’d have so many marketing strategies."
"Pfft, what marketing? We’re looking out for our brothers! We’re exchanging sincerity for sincerity. Aren’t you the same? If I were a hypocritical person, you wouldn’t like me, right?"
"I’d like you even if you were hypocritical."
"..."
...
Ning Hao sat in the passenger seat, experiencing this car.
He hadn’t sat in many good cars, mostly taxis or ride-shares.
Now, this car had no strange odors, especially not the strong smell of plastic or gasoline.
He was sensitive to those smells and would feel nauseous after a while.
Moreover, the car seats were quite comfortable, and the entire interior exuded luxury from every angle.
Along the way, it drew a lot of attention; he could see many people glancing at the car as it passed by.
However, he didn’t speak the whole time, mainly because... the driver was a beautiful woman.
A tall and beautiful woman.
The little suit she wore really looked stunning on her.
The 50-60 kilometer journey took about an hour and a half.
It wasn’t because of the car, but mostly due to slight traffic congestion, with half the journey on county roads and the last few kilometers on country paths.
It’s hard to pass another car on these country paths.
Finally, they arrived at the destination.
Ning Hao pointed to a spot in front of a gate by the roadside and asked the beautiful woman to park the car there.
After stopping the car, the girl took a business card out of her pocket and said, "Mr. Ning, here’s my contact information. You can also add my personal WeChat or contact me via the Extreme Shadow Cars app. Whenever there’s a car issue, we’ll solve it for you as soon as possible."
"Alright, thank you..."
Ning Hao glanced at his house; no one was home.
He didn’t know where his parents had gone.
"I’ll be leaving now."
Upon hearing this, Ning Hao quickly said, "Why don’t you wait a bit? I’ll call my parents back, let them see the car, and then you can drive back. After all, we live in a remote area, and it might be inconvenient for you to return."
"No, no need, my colleague is following behind. She’ll pick me up."
"Ah?"
Ning Hao looked behind and indeed, another car was approaching.
"By the way, Mr. Ning, don’t forget about the freebies in the car,"
said the girl as she headed towards the other car, quickly getting in and leaving.
Ning Hao held that business card in his hand, with a very beautiful name on it.
Zhang Mengyu.
He carefully kept the card, then called his parents.
After finding out they were at a relative’s place, he hurriedly headed there.
Moments later, at the gate of a small courtyard, he heard voices from inside.
"With your son Ning Hao looking like that, having nothing to show for, which girl would dare to marry without getting the dowry first?"
"But don’t worry, they’ve said the dowry is only for temporary safekeeping by the girl’s parents. Once the relationship is stable, they’ll return the money. Isn’t it still your Ning Family’s money?"
"I’m telling you, the girl at least graduated from a vocational college and has a proper job in a big city. Your Ning Hao is really punching above his weight!"
"Do you know what her previous WeChat name was? ’Nationwide flying!’ But she recently changed it to ’Qianqian can’t get full.’ She used to be a flight attendant, a high-class job!"
"If you can’t come up with the money, how can you marry? She’s not short of suitors. It’s not like I didn’t praise your Ning Hao enough to get you this chance."
"Hurry and get the money together. Also, take these two bottles of liquor back with you. Don’t be offended by my words, but who gifts Sky Blue nowadays?"
...
"Mom, Dad..."
Ning Hao called from outside.
In no time, someone stepped outside. Upon seeing Ning Hao, his parents quickly made up their minds.
Ning Hao wasn’t young anymore, at twenty-four. If he didn’t get married soon, no one might want him later.
Ning Hao’s dad said, "You take Haohao inside, I’ll go home and get some money. When the girl’s family comes, I’ll call a car to take us to Jiangbei for dinner."
Feeling a bit awkward, Ning Hao said, "Dad, I bought a car, but I don’t have a driver’s license."
"What? What did you say?"
"It’s parked just at the entrance. How about I show you?"
Ning Hao just wanted his parents to see the car, after all, owning a car in the hometown is a big deal.
He was convinced this was the coolest car in the world.
Soon enough, Ning Hao’s parents and the matchmaker relative followed him.
After seeing the car, the relative frowned and said, "What’s this flashy car? I don’t recognize the brand. Is it a Chinese car? Ning Hao, how can you be so silly, buying a Chinese car? If you had the money, why not get a Japanese one, it saves fuel!"
"This one doesn’t use gas; it’s an electric vehicle, just needs charging."
"What? It’s an electric vehicle? Have you lost your mind? What’s the difference between an electric vehicle and those old-man’s happy rides in our village? I thought buying a car would give you some face, but now both inside and out, you’ve lost it all!"
Ning Hao bowed his head and said nothing.
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