"Ms. Lu just opened a store, why are you so optimistic about it?"
Su Heyuan smiled and said, "Compared to finance and real estate business, the profit of clothing company is not high, but she gave up the real estate business to open a clothing store. Do you know why?"
"Why?"
Su Heyuan explained: "Because she likes it, she is willing to spend energy and financial resources to do it, and she will definitely do it well."
In fact, he really wanted to buy shares, but he didn't say anything because he knew Lu Jiaxin would not agree.
Susan asked again, "You just said that Miss Lu gave up the real estate business? This real estate business is not that easy to do. My father and eldest brother also invested in it before, and they all lost money."
Su Heyuan meant that Lu Jiaxin opened a real estate company, but Susan thought he was talking about investment, but he didn't explain: "With Nie Zhan here, I can't lose money even if I want to."
Susan thought about it and agreed.
When she went back, she asked her husband for his opinion, but he was against her going to Lu Jiaxin's place. After all, Lu Jiaxin only opened a store, while Chery was a company with an annual profit of tens of millions.
After much deliberation, Susan decided to join Lu Jiaxin's team. First, Lu Jiaxin was very sensitive to fashion and had talent in this area; second, Xu Yue was well-known in the industry, and she gave up working for a big company and followed Lu Jiaxin, she must have thought that the prospects were better; third and most important, that was Su Heyuan's words. The two had worked together for so long, she knew that Su Heyuan was not a person who talked nonsense.
Seeing that Susan didn't listen to her, her husband was very angry and the couple had a quarrel. However, this did not change her mind, and she gave Lu Jiaxin a positive answer the next day.
Lu Jiaxin smiled and said, “Then hand it over as soon as possible and come over.”
She didn't want to tire herself out, so she only planned to focus on the general direction of Green Forest, leaving the agency rights and product selection to Xu Yue, and the company's operations to Susan.
Susan promoted her assistant and reported to Lu Jiaxin in three days. At this time, Xu Yue had already dealt with the celebrity endorsement. She was responsible for the subsequent filming and publicity, which were her strengths and she quickly got the hang of it.
On the first night of filming, Susan went to report to Lu Jiaxin, but was interrupted after just a few words. Lu Jiaxin said, "Since I'm handing these things over to you, there's no need to report everything. Sister Su, I only look at the results. You decide the process and I won't interfere. You've been in this industry for almost 20 years, and I believe in your vision and ability."
Susan was stunned. After a while, she nodded and said, "I understand."
Lu Jiaxin said, "I have transferred three million to the Green Forest account. Sister Su, our advertisements must appear on TV, in fashion magazines, and on buses and bus stops."
Susan didn’t expect her to be so generous: “Boss, this will cost a lot of publicity.”
"You don't have to worry about the money, just make a budget for me. By the way, if you know anyone with publicity skills, you can poach them."
Susan was relieved and she agreed with a smile. He Yuan said that she would regret not following Miss Lu, and she now agreed with him. The boss is not only very sensitive to fashion, but also very wealthy and willing to spend money. The store will definitely be popular.
With this calculation, she had spent nearly 10 million green coins, and still had about 13 million on hand. However, she was planning to buy a high-quality property next, and this amount of money was not enough.
The next morning, Lu Jiaxin called Wu Ziyue and asked him how much the green coin/yen exchange rate was now. Hearing that the current exchange rate was 50% lower than before the agreement, it was another 30% lower than the exchange rate when Lu Jiaxin bought it for the third time.
At that time, she bought in 50 million green coins, using a 10-fold leverage, which means she earned another 150 million green coins (excluding taxes and fees); in addition, Standard Chartered and HSBC each bought 5 million green coins, without using leverage, and the two banks together earned 3 million green coins; the principal plus profit on the Hong Kong City side was 213 million, and after deducting taxes, fees and commissions, she got more than 187 million; she transferred 80 million to Nie Zhan, earning 240 million green coins, a total of 320 million green coins, and Lu Jiaxin didn't know how much taxes, fees and commissions there were, so she would ask Nie Zhan later. This does not include the 20 million green coins used to buy stocks, which have also increased a lot in the past six months.
After the calculation, Lu Jiaxin was very satisfied. The first goal, financial freedom before the age of 20, had been achieved. The next goal was to establish her own brand before the age of 25. She felt that this goal could be achieved in less than five years.
When Wu Ziyue heard her say that she wanted to close the position, he immediately agreed. He had already made a lot of money from this drop, so it was wise to know when to quit.
Lu Jiaxin did not stop while she was ahead. She remembered that the exchange rate of Greencoin/Japanese Yen had fallen by more than half in two years. Now it was only 50%, so she could still make money by shorting. However, the decline could not be so great, and there would definitely be fluctuations.
After thinking for a while, Lu Jiaxin said, "Manager Wu, I want to continue to buy short. The principal is 50 million, and the leverage is five times. There should be an order to do it, right?"
Wu Ziyue thought about what she had said when she bought short that the Greenback/Japanese Yen would continue to fall in the next year, and said with a smile: "Yes, you can buy all of them."
After hearing this, Lu Jiaxin thought for a moment and said, "Since there is an order to do, then buy 100 million, with a five-fold leverage."
Wu Ziyue smiled and nodded in agreement, saying, "I will help you close your position when the market opens tomorrow, and then help you buy in."
"Okay." Lu Jiaxin said. Tomorrow she would transfer the money out of the account and then discuss the purchase of the property with Tan Gang and He Bin.
As for Nie Zhan, he didn't call. The two of them had already agreed to have lunch together at noon, and then go on a date. Couples should still meet and date frequently, so that their feelings will grow deeper. Not meeting for a long time, spiritual platonic love only exists in movies and novels, and in reality, it basically ends in a breakup.
During lunch, Lu Jiaxin expressed her thoughts: "After closing the position, I will keep another 100 million to continue buying. According to the five times leverage you mentioned before, I plan to hold this until the end of the year."
Nie Zhan didn't give any more suggestions. He made three times the money this time, so it wasn't a risk to keep 100 million to continue short selling. "Okay, then can you transfer the rest of the money back?"
Lu Jiaxin shook her head and said, "Leave half there. I plan to open a few accounts on Wall Street, which will make it convenient to buy stocks or trade foreign exchange."
There was no other way before. She couldn't open an account in any country because she was underage. It would be better to ask Nie Zhan to help her buy it than to ask others for help. Now that she is an adult and has no such constraints, she doesn't want to trouble Nie Zhan anymore.
(End of this chapter)