Supreme Sacred Ring, Carefree Tycoon!
In the 80s, a good-quality old Hainan Huanghuali round-backed armchair from the Qing Dynasty could be yours for just twenty yuan. Now, two million yuan o...
If he could still be caught by others using such an operation method, then Yang Jing could not complain about anything else except lamenting his bad luck.
In fact, Yang Jing was so careful that in this era when there was no Internet in the world, the possibility of him being caught was almost zero.
Once everything is ready, there are still ten days left to build a position, which is enough time for Cesar and others to build a position quietly.
Although the Plaza Accord was officially signed on September 22, 1985, in fact, various accurate information about the Plaza Accord had been confirmed as early as September 8, 1985, Eastern Time.
September 8, 1985 was a Sunday. On this day, the U.S. Treasury Secretary and the Chairman of the Federal Reserve Board, as well as the Finance Ministers and Central Bank Governors of the United Kingdom, France, Federal Germany and Japan, held a meeting at the Plaza Hotel in New York. The dignitaries at the meeting negotiated and decided to jointly coordinate intervention in the international financial market and adjust the over-appreciation of the U.S. dollar. The agreement reached at the end of the meeting was later known as the "Plaza Hotel Agreement."
Therefore, the time for building a position must be completed before Saturday, September 7. If Yang Jing builds a position based on September 22, the date when the Plaza Accord was officially signed, he will lose a lot of money.
In fact, before Saturday, September 7, the exchange rate of the US dollar to the Japanese yen remained at a high level of 1:248, but by Friday, September 13, the Japanese yen had risen by 10% in just five trading days.
From September to December, the Japanese yen appreciated by 20% in total within these four months, but within these five trading days, the Japanese yen appreciated by 10%. If Yang Jing had opened a position on the day the Plaza Accord was signed, he would have only had a profit range of 10% in 1985, which was unacceptable to Yang Jing.
However, Yang Jing could not, like Soros, start holding a large amount of West German Marks and Japanese Yen as early as mid-August. As a result, this premature position building caused Soros to suffer certain losses in the early stage.
Therefore, the time to build a position cannot be too early, otherwise it will cause unnecessary losses. Of course, it cannot be too late either. With the total amount of funds Yang Jing invested this time, if the time to build a position is too late, it is easy for others to catch the tail.
Of course, Yang Jing did not intend to follow Soros. In this investment, Soros speculated on both the German Mark and the Japanese Yen, but in fact, this approach did not make as much profit as speculating on the Japanese Yen alone.
Although the Deutsche Mark appreciated when the U.S. dollar depreciated, the appreciation was far less than that of the Japanese yen. Therefore, concentrating all funds to speculate on the Japanese yen is the best way to maximize profits.
Therefore, in this investment, Yang Jing completely ignored the German Mark and instead put all his financial resources and energy into the Japanese yen.
With the same $2 billion of capital, speculating on the German Mark may only result in a profit of $5 billion, but speculating on the Japanese yen can result in a profit of $10 billion. Even a fool would know which choice to make.
Seeing that Cesar and the others had no problems, Yang Jing said to Mike Aller, "Mike, you can put aside other matters of the Dragon Fund for the time being. You should be responsible for the logistics of this investment operation. Oh, by the way, do you plan to invest in this operation? I can't say how much, but I can guarantee a 300% return on investment."
Mike Aller smiled and shook his head, saying, "I'll continue to be in charge of logistics, and I won't get involved in investment matters. Cole, you know my personality. I'm not interested in this kind of speculative investment. I just like to earn a stable commission."
Yang Jing looked at Mike Aller, shook his head slightly and said, "Well, since you don't want to invest, I won't force you. How about the commission rate still being 1% this time?"
Mike Aller immediately smiled, "Boss, thank you very much for your generosity. I am very, very satisfied with this number. Don't worry, I will do a better job in logistics than last time."
Mike Aller is not a fool. Based on the 300% return on investment that Yang Jing promised him just now, he can easily calculate how much money Yang Jing can make this time.
With an investment of 3.5 billion US dollars and a 300% return rate, he can get a profit of at least 10 billion US dollars. Even if he only takes 1% commission, it will be as much as 100 million US dollars!
In this era, a commission of $100 million is definitely the highest in the world. There is no reason for Mike Aller to refuse such a commission.
Watching several people getting busy, Yang Jing nodded with satisfaction.
This small team has been formed. Although there may not be many investments, this team is an indispensable and important part of Yang Jing's big plan.