316 [God of Stocks]
In early October, the New York Stock Exchange. Pen @ fun @ pavilion wWw. ļ½ļ½ļ½Uļ½Eć ļ½ļ½ļ½ļ½
Zhou Hexuan watched the traders running around, the trading floor was as noisy as a vegetable market, and everyone craned their necks to stare at the blackboard, this traditional and primitive way of trading stocks made him very interesting.
Zhang Mouzhi started as a comprador and real estate, and never played finance. He was looking at the rising bull market at the moment, and he was already retreating in his heart: "Mingcheng, the U.S. stock market is very prosperous, where is there any sign of a crash?" Let's go home. ā
"It's going to collapse." Zhou Hexuan said with a smile.
Zhang Mouzhi still felt inappropriate, and asked, "Virtuous son-in-law, how much money did you bring this time?" ā
Zhou Hexuan gestured four fingers.
"40,000 oceans?" Zhang Mou's way.
Zhou Hexuan smiled and shook his head.
"Is it $40,000?" Zhang Mouzhi was surprised, 40,000 US dollars is converted into close to 100,000 oceans!
Although Zhang Mouzhi's business is big, he doesn't believe Zhou Hexuan at first, and he doesn't want to mobilize too much cash, so he only brought 80,000 silver dollars this time.
I really didn't expect that my son-in-law, who was silent, could freely mobilize 100,000 cash. Zhang Mouzhi felt a little emotional in his heart, and at the same time, he was also worried, if he lost his money, his daughter's life would be sad.
Zhang Mouzhi shook his head and smiled bitterly, this time he was a ghost, so he would believe his son-in-law's words and go to the United States to play stocks.
Can a scholar's words be believed?
Zhang Mouzhi decided to be conservative, and only took out 30,000 silver dollars at most, and resolutely did not accompany his son-in-law to play with him, regardless of whether he made or lost.
As for Zhou Hexuan, did he really only bring $40,000?
Hehe, multiply that number by ten!
The money he snatched from Chu Yupu, the book royalties that have been settled at home and abroad, the profits from selling underwear, and the profits from running newspapers, Zhou Hexuan brought them all this time, adding up to 870,000 oceans.
The money is first deposited into Citibank's international account, and after deducting some handling fees, it is automatically converted into dollars in the United States, in the amount of $404,000! (In 1929, the exchange rate of the US dollar against the silver dollar was 1 to 2.15)
Weng and his son-in-law came to New York at the end of September, and have been on the stock exchange for a week, and they have also taken out a small amount of money to buy up.
Since its slight decline in July, the U.S. stock market has risen for two months in a row, and it has soared like a rocket. Zhou Hexuan and Zhang Mouzhi casually threw thousands of dollars into it, bought stocks with their eyes closed, and now they actually earned more than 4,000 US dollars, almost a 100% rate of return.
Zhang Mouzhi couldn't help but sigh, playing stocks is really profitable, much faster than repairing a house.
If there was no reminder from Zhou Hexuan, he would have kept buying and buying, and he would stop when he felt that he was almost at the top.
The two came out of the exchange and found a Western restaurant for lunch.
At the end of the meal, Zhou Hexuan handed the waiter a $1 tip and said to Zhang Mouzhi: "Dad, I'm going to visit someone this afternoon." ā
"Who to visit?" Zhang Mouzhi asked.
Zhou Hexuan smiled: "The first speculator in the United States." ā
730 Fifth Avenue in New York, where the famous Riffemore works. He runs a small securities company with only a few employees under him, and although he doesn't have much business, he takes on large orders.
Six years ago, Lee Femore helped people work as a trader, with a principal of up to $50 million.
That's $50 million in the early '20s, when the U.S. was paying less than $4 billion a year in taxes.
Zhou Hexuan only understands simple stock trading, and it is a fully electronic trading system in later generations, which is very different from traditional manual operation. If you want to short U.S. stocks during the stock market crash, you must hire a professional trader.
If you want to please, then of course you have to ask for the best.
Historically, in the 1929 stock market crash, Lee Fermore made $100 million by shorting U.S. stocks, and even the U.S. government begged him to stop shorting.
When the couple arrived at Riffmore's securities firm, the front desk lady looked at them with some surprise, because she had never received Asian clients. After being stunned for a few seconds, the front desk lady smiled and asked, "Hello two, is there anything I can do to help you?" ā
Zhou Hexuan said directly: "I want to see Mr. Li Feimore." ā
The front desk lady said, "I'm sorry, Mr. Riffemore is busy. If you want to hire a trader, I can recommend someone else. ā
"Please go in and report it," Zhou Hexuan said, "Let's just say that Zhou Hexuan, the author of "The Rise of a Great Power", came to visit. ā
The front desk lady obviously hadn't heard of Zhou Hexuan's name, and still smiled politely: "I'm sorry, I need to make an appointment to see Mr. Li Feimore." ā
Zhou Hexuan stared at her and smiled: "Are you sure you want to turn away a big customer?" ā
Perhaps Zhou Hexuan was too confident and spoke calmly, but the front desk lady hesitated for a moment, and finally said, "Please wait a moment!" ā
She dialed the office manager's phone number and said, "Mr. Fermi, there's an Asian guy who wants to meet Boss, who claims to be the author of 'Rise of a Great Power.'" ā
Moments later, Zhou Hexuan was invited into Li Feimore's office.
Lee Femore was quite gentlemanly, wore a pair of black-rimmed glasses, was emaciated, had a handsome face, and all his hair was combed back, so that his forehead appeared a little bald. He smiled enthusiastically and shook hands with Zhou Hexuan and said, "Mr. Zhou, I like to read your works very much. ā
"It's a great honor." Zhou Hexuan said.
Li Feimore didn't talk nonsense, and asked directly: "Is there anything Mr. Zhou looking for me?" ā
Zhou Hexuan said with a smile: "The U.S. stock market is almost over. ā
"Uh-huh, I know." Li Feimore nodded.
Zhou Hexuan smiled playfully: "I'm here to short each share this time." Presumably, Mr. Riffemore is also starting to prepare, right? ā
"How so?" Lee Femore asked.
"You are the number one speculator in the United States, and I trust your vision." Zhou Hexuan said.
Lee Femore shrugged: "Okay, you're right. ā
Zhou Hexuan said: "I need a trader. ā
Lee Femore said, "I'm expensive. ā
"How expensive?" Zhou Hexuan asked.
"20% of the profits. ā
"It's too expensive, up to 10%." Zhou Hexuan bargained.
Riffemore laughed: "It's impossible, the top traders on Wall Street are 15%, and I'm much better than those idiots." ā
Zhou Hexuan said: "It's different. I don't need you to bother too much about this business, because you have to do the same thing, just by the way. And, I might be able to give you some help. ā
"What helps?" Lee Femore asked with interest.
"For example, I can predict that the U.S. stock market will collapse around the end of this month." Zhou Hexuan said.
Li Feimore laughed and said, "Sir, securities trading is not divination. ā
Zhou Hexuan crossed Erlang's legs, took the coffee brought by the secretary, tilted his head and said to Li Feimore: "Make a friend, 10% profit commission, friendship price." ā
Lee Femore asked, "How much principal do you have?" ā
"$400,000." Zhou Hexuan replied.
"Okay, friendship price, I'll only charge you 10%." Riffemore didn't care. $400,000 is not enough for him, it is completely dispensable.
Hearing the same words in Zhang Mouzhi's ears, he was so shocked that he almost fell.
$400,000, that's close to 900,000 oceans!
How much money does this son-in-law have?