A Returner’s Successful Investment Method - Chapter 611



Only Krnovel

Episode 611 NDY Investment (4)

Seonwoo secretly held out the CD he had brought.

“Can I ask for your autograph?”

“of course.”

Jung Chang-min looked at the CD and looked happy.

“It’s the 7th album… … . “It was already about 20 years ago.”

“yes. “I bought it with my pocket money when I was young.”

He was happy to sign.

Sunwoo carefully packed the signed CD in his arms. I’ve followed you this far, so I should have at least this much income.

For your information, if not this time, it will be difficult to get an autograph for a while.

I talked to Changmin Jung.

He is my favorite singer.

I thought I would like to go to a concert someday.

But I never imagined that we would meet at a multi-level investment briefing session rather than at a concert hall.

I told him.

“I’ve always been a fan.”

“really?”

“yes. “I’ve listened to it a lot since I was young.”

I am confident that I will sing the full versions of about ten of his songs here. Of course, it doesn’t make high notes.

“In America?”

“Ah yes. It is very popular among Koreans. “My parents also like it.”

Jeong Chang-min smiled slightly.

“okay. Sometimes, when I perform overseas, local Koreans seem to like it a lot. “I thought it would be nice to go overseas someday, but now I’m older.”

“Are you releasing any new songs or doing any concerts these days?”

“yes. “I’m a bit busy with my agency work.”

“I heard you started a boy group.”

Jung Chang-min said proudly.

“yes. “We are an 8-member boy group called CM8.”

Unfortunately, current awareness is at its lowest.

Not only do they not know the member names, but most people probably don’t even know the group name.

“It’s been about four years since we prepared for CM8. These kids are truly talented. “It will definitely succeed.”

Maybe we can succeed as he said.

Although it is rare, there are cases where they receive little attention at the beginning of their debut but then become very successful. For your information, lavender berry was like that.

However, the person who closed their possibilities was none other than Jung Chang-min himself.

Who would be interested in a boy group created by a stock manipulator?

In the end, he terminated his contract with CM8 and handed it over to another agency.

I asked Changmin Jung.

“You are investing in NDY Investment, right?”

“yes. of course.”

“I heard from Jiyu that you made a big profit?”

“yes. I am truly fortunate to have met CEO Baek Sang-cheol. “I originally had no idea about stock investing, but I never thought I would make this much money.”

Jung Chang-min has been singing emotional ballads that shake people’s hearts for 27 years.

I am probably not the only one whose eyes were filled with tears as I sang along to his songs without realizing it.

A person who used to sing passionately whenever he picked up the microphone is now holding the microphone and passionately recommending investments.

What on earth made him like this?

At first it might have been desperation.

He founded an entertainment company and invested more than 20 billion won in training idols.

Although he wrote his own songs, produced them, and worked hard to promote them, the boy group he created, CM8, was ignored by the public.

In fact, he probably knew it deep down.

If things continue like this, we will fail.

At this time, Baek Sang-cheol appeared before his eyes.

Perhaps Baek Sang-cheol didn’t seem like a savior from Jung Chang-min’s perspective?

You probably thought it was an opportunity to make up for everything at once.

You might have thought that with that profit, you could do anything in the future.

Desperation clouds judgment, and desire blinds the eyes.

Before he knew it, he was working hard for stock manipulators.

“As you know, this investment is a tremendous opportunity. Because you can stably double or triple your profits. CEO Baek Sang-cheol is the true god of investment. He can’t help but believe it. ah! please wait for a moment. “Let me introduce you to CEO Baek Sang-cheol.”

When Jung Chang-min left for a moment, Sun-woo spoke in a low voice.

“Hey, hearing about Jung Chang-min made me want to invest.”

“Calm down, man.”

In fact, I would have been tempted if I didn’t know the ending.

Who would have imagined that someone so famous would lie or engage in crime?

Seonwoo looked around and said.

“Is this really a scam?”

“huh. “Is the recording going well?”

“No problem.”

I didn’t come here to have fun, but to collect evidence. That’s why I hid a hidden camera in Sunwoo’s clothes.

“Then what happens to Jung Chang-min?”

“what… … .”

It would be fortunate to make some money, but he would not lose all the money he invested and would end up in debt.

But his losses do not stop at money.

The real loss was that the career and image that had been built over 27 years were tarnished.

Will he be able to function properly in the future?

Will people be able to feel the same emotions as before while listening to his songs?

For a time, I felt sad as a fan.

What would it have been like if I had met him through Jiyu or Kim Beom-seok before this incident?

Maybe this could have been prevented?

I think so, he said.

“This is CEO Baek Sang-cheol.”

He brought Baek Sang-cheol, who was greeting others.

Age is around mid 40s.

He has a neat and attractive appearance.

Just by looking at his appearance, it seems like he has never told a lie anywhere.

I said hello to him.

“This is Sid Han, Jiyu’s cousin.”

“Ah, Jiyu, I’m a fan too. It’s nice to meet you like this. “Excuse me, but what are you doing?”

“I worked for a short time at IB in the U.S., and am currently managing Jiyu’s assets and providing investment advice.”

“Ah, I see.”

JiU is a global star.

The amount of money earned is more than that of most small businesses.

It is very common for a close relative to work for a popular celebrity. I would probably consider myself one of those people.

“Then you must have made a really good investment.”

I’m also not good at investing.

If I were to talk about my investment episode so far, it wouldn’t be enough to talk about it for days.

“I wouldn’t say I’m good at it, but I’m pretty good at it.”

Baek Sang-cheol said proudly.

“As you may have heard from CEO Chang-min Jeong, many people have already invested and are making big profits. Among them, there are many who have achieved social success.”

Bragging about one’s connections is one of the tricks of scammers.

As expected, when I hear bullshit right in front of me, the desire to tackle it suddenly pops up.

I said, putting my hand on Sunwoo’s shoulder.

“But this friend made a bad investment last time and lost some money.”

“… … huh?”

Sunwoo looked at me with an expression that asked, ‘Me?’

Baek Sang-cheol asked.

“What kind of investment was it?”

“Do you know KNC International?”

Baek Sang-cheol’s face stiffened slightly at my words.

He immediately changed his expression and smiled awkwardly.

“KNC International?”

“yes. I don’t know if you know, but a few years ago the company announced that it had discovered the world’s largest cobalt mine. At the time, even the Ministry of Foreign Affairs came forward and confirmed that there was a mine, so I couldn’t believe it. But it turned out to be a scam. yes?”

Seonwoo quickly responded to my words.

“yes. A rare conman named Cheon Deok-yu raised the stock price by spreading false information about a cobalt mine that did not exist. “I believed that and invested, but I lost a lot of money.”

“Well, I see.”

Jung Chang-min pretended to know.

“ah! I saw it on the news. “What happened in the end?”

“Someone tipped off the operation right before it was disposed of, and the operation was discovered, so I went into trouble without making any money.”

“thank god.”

I shook my head.

“Thank goodness? Cheon Deyu only received five years in prison. In Korea, punishment for fraudsters is too weak. Fraudsters make tens of billions of dollars by fraud and then embezzle them, then live for a few years and spend the money, making a living and living well, which is why the number of fraud cases is not decreasing. “In America, people like that are never allowed to see sunlight for the rest of their lives.”

“Iknow, right. “I might commit another scam when it comes out in a few years.”

“Maybe he’s plotting another scam inside the prison. “They say you can’t give up your own habits.”

Jung Chang-min burst out laughing at my words.

“haha! Actually, that’s right. “The same goes for the scammers I’ve met.”

“haha… … .”

Baek Sang-cheol also laughed along, but for some reason his expression didn’t look very good.

The reason is because he is Cheon Deok-yu’s son-in-law.

In a way, he is carrying on his wife’s family business(?).

Changmin Jung told me.

“So it is best to avoid investments aimed at short-term profits.”

I nodded.

“yes. NDY Investment makes long-term investments in undervalued blue-chip stocks, so I think you can trust it.”

“So do you have any plans to invest?”

I said it as if it was obvious.

“Of course we plan to invest. “You can’t miss this great opportunity.”

Then he immediately added something as if it were a joke.

“And if I invest, shouldn’t I be able to receive a commission from JiU?”

The two people’s expressions brightened at my words.

Changmin Jung told me.

“Well thought out. “It will be a great help to Jiu.”

* * *

Senior Dongho, who watched the recording and video, stuck out his tongue.

“Wow, this is really serious. “Everyone was fooled.”

“That’s right.”

Senior Dongho presented me with other materials.

“I think influencers, A-Tubers, and Talk Tickers were also brought into this operation.”

In the past, financial information was obtained from the news and securities companies, but now anyone can easily find information on the Internet.

14 million individual investors. Among them, those in their 20s and 30s mainly get information through social media.

As a result, the role of influencers in investment is growing day by day.

These people are called Finfluencers.

It is a compound word of finance, meaning finance, and influencer, and refers to a person who provides investment information and influences investors.

When I looked through the data, there were a lot of videos recommending stocks that NDY Investment is operating in.

The way they make money is through front-end trading.

Get information first, buy stocks, and then recommend purchases to subscribers. When stock prices rise due to a rush of buying, you actually sell and make money.

This makes the Korean stock market no different from a gambling den.

“Currently, we are borrowing money to short sell the four stocks that can be sold short. “Because the circulation volume is small, there are limits to increasing the scale of short selling.”

“Try to change your thinking.”

“how?”

“CFDs are TRS products.”

Total Return Swap (TRS).

If it goes up, the investor takes the difference, and if it goes down, the investor has to pay the loss.

“What happens if the loss exceeds the principal amount?”

“I will have to compensate the investor and securities company.”

If the operating stock explodes, the amount of loss will be at least hundreds of billions of won, but can individual investors really pay for this?

If you are unable to pay, the loss will be entirely borne by the securities company that sold the CFD.

“Security companies that sell CFDs also sell short.”

Episode 612