Published at 27th of July 2022 9:06 pm

Chapter 477 NBA Season Begins 1

This chapter is updated by NovelFree.ml

With this great appreciation Matthew regretted not having thought about investing more money than he had saved in the bank when Jake suggested this, Matthew actually thought about selling his shares and did not think about investing more.

But now he realized that he had missed an excellent business opportunity, he should have trusted Jake who saved his company from bankruptcy to become the leading company in the digital camera market.

Jake did not know that Matthew thought that way, in fact, he understood well what Matthew thought before, Jake was so confident that the shares would appreciate because he came from the future, otherwise he would never invest almost all of his money in Cisco shares.

And Matthew had been right to invest the money back in the company, now the future of Matthew's company was guaranteed for many years by selling digital cameras and cameras to a cell phone company.

Matthew received in profit share much more than the total value of his company and he would continue to receive a lot of profit because he continued to reinvest profits in the company again.

This camera would be the last one they could sell for so much profit, the next ones would have to be much lower in order to keep having so many sales, even so, Matthew had a profit margin of 60 percent and could be reduced to just 20 percent cent and greatly lower the cost of the camera.

This digital camera that was being sold cost 440 dollars, and it sold for 1100 dollars, Matthew could sell for 660 dollars and still earn 220 dollars and the camera would have a value that competing companies could not compete and still earn profits.

Jake really admired Matthew and knew that Matthew just needed help to be one of the most successful men in the world, today if Matthew's equity was calculated he would be 15th among the richest men in the world.

After all, Matthew's total fortune was over 11 billion dollars, that was because he still had 78 percent of his company and had 2.5 billion invested in shares and had gained almost 5 billion in profit share from his own company. always having reinvested in the company.

Jake knew that Matthew was much richer than him and would be even more so when Jake sold the shares in 2000, but in the future, Jake knew that the richest in the world would be him because he intended to invest in 3 of the 4 largest technology companies in the world.

"Jake, I confess that I didn't trust your investment vision very much and that's why I refused to invest more in the Cisco company, but I realized that I was wrong and I could have gained many billions to trust you more."

"It doesn't matter, Matthew, I understand why you did this and I confess I would do the same if I were you, the important thing is that your company has managed to grow and will continue to grow."

"Yes, that is important, Jake, because now I am going to try to correct my mistake and invest almost all the money I earned with the company in shares of the company Cisco, and you will take care of that money for me."

Jake, Oliver, and Joseph were shocked to hear this, at a time when the market was most uncertain and no one knew when the stock market bubble would burst and it was hard to believe that someone as conservative as Matthew would risk everything.

"Dad, I don't think it's a good idea to do that, I know you trust Jake and I do too, but we're talking about the stock exchange and not Jake, you can lose everything."

"Oliver is right, Matthew, it is very risky for you to invest all that money, even because it will be difficult to sell all the shares in a short time if you have so many shares."

"I trust you, Jake, I know you invested all the money you earned in the Cisco company, and you are not sure of earning that money again if the company you invested in goes bankrupt, so I will trust you."

"I am going to invest 4 billion dollars in shares of the company Cisco, even so, I will still have money saved and it is impossible for me to lose all that money, at most I will lose a few million dollars."

Jake did the calculations quickly and realized that Matthew would probably have 6 percent of the company if he invested that $ 4 billion now if it were that much Jake could sell before the stock devalued.

Oliver and Joseph tried to convince Matthew but failed and Jake tried just a little before accepting this challenge if Oliver and Joseph knew that Jake had come from the future they would not be so concerned.

Jake would receive more money with his profit share and if everything went well Matthew would make it into the top 5 on the list of the richest men in the world, so they agreed to this investment, and Jake went back to his house.

He had to wait because the next day he would talk to Clara at lunch, after knowing how much he would receive from Clara's company profit share he would set up a meeting to send Emily to invest Matthew's money and his as well.

Clara's company had made 50 million dollars in profit in 1997, it was very much thinking that the company had made many investments in the whole year and was starting to make new agreements to sell even more in 1998.

But in 1998 Jake had ended their sponsorship contract which did not help the company to earn more profits, of course, some people who bought the products because of Jake would continue to buy, but now was the time when Jake was becoming more famous in everyone after joining the NBA.

Even so Jake expected them to earn more that year because it was the first profit after making all the investments, after that the company would depend on making new investments and the quality of the products to make more profit.

Jake was waiting at the restaurant he arranged to meet with Clara to talk business, it was different from Matthew that Jake could come into his house to talk, Jake realized that Clara was happier than at their last meeting.

Of course, on his birthday Clara was happy, but it was a party occasion so he hadn't noticed any difference, so Jake can be more excited waiting for good news from Clara.

"Hi, Clara, you look happier and more relaxed today."

"Yes, fortunately, the company's results in the last year were better than expected, they were not as good as they could be, but the company finished the improvements that were invested at the end of the last year, so we hope that this year will be even better."

"This is good, I am happy for you, Clara, I know how you have fought for the success of your company for many years and I want you to know that I will always support you in any decision you make."

"Thanks, Jake, but let's talk about business, in 1997 we started a lot of investments and we were also recovering from the years of lost company growth, but we did not have a good financial result."

"But in 1998, because of our investments, we were able to earn much more than expected, our company's profit was 114 million dollars, much more than double the last year."

"I'm going to have to reinvest half that money, but you will still receive $ 5.7 million for your 10 percent stake in the company."

"It's really good, Clara, your company is doing very well and I'm sure that in 1999 your company will have an even greater profit, you managed to recover the lost time that you could have invested and now it will improve your company even more."

"Thanks for the support, Jake, I know that you and Tiffany have always supported me, and that gives me the strength to make this company grow even more."

They talked for a while and then Jake went to meet Emily, in the conversation with Clara, he didn't mention Tiffany's company because he knew Clara was a little envious of Tiffany's company even though they were friends.

After all, Tiffany's company had a much smaller investment than her company and started later and in the last year it made more profit than her company did that year, and in 1998 Tiffany's company made 156 million dollars.

The biggest difference was that Tiffany owned more than half of the shares in her company, and even by reinvesting in the company, Tiffany earned much more than she did, not to mention that Tiffany also owned 10 percent of Clara's company.

Of course, the two were still very friendly and supported each other, but Clara's pride was very great and so it was better not to mention it near her, Emily was already waiting anxiously because she knew that Jake would invest even more in the Cisco company and she would win more with that too.

"Hi, Emily, sorry to call so urgently, but you and your team are going to have a lot of work in the next few days and the sooner I speak to you the better."

"It's okay, Jake, I knew something like this was going to happen and I got everyone ready to work hard for the next few days."

"Okay, well, I decided to invest an additional $ 66 million in shares of the company Cisco, and Matthew asked me to invest $ 4 billion in his name, so you're going to have to work hard to get all those shares."

Emily, who was concentrating on writing, was shocked and even stopped writing when she heard what Jake had said, she thought she had already gotten used to working with a lot of money after taking care of Jake and Matthew's actions, she already took care of more than 3 billions of dollars.

This put a lot of pressure on her and the employees of Jake's investment company, but she could never hope that Matthew would still decide to invest more money than she currently cared for, with those 4 billion dollars she would look after more than 7 billion dollars.

Perhaps only the biggest investment companies in the world worked with so many stocks and so much money, and it was crazy for any investor that they invest everything in just one company.

Share