Chapter 270: Is all your money blown by the wind?
Li Dayong stayed in Fenghua Garment Factory, but Wang Jianqiang insisted on staying with Li Ye.
After all, this is overseas. How can I let my brother go alone with someone else?
However, after arriving at the agreed restaurant and confirming that Luo Runbo was the only one in the private room, he took a few bites of food and stubbornly stayed outside.
"Brother, I don't understand what you guys are talking about, I'll just wait outside."
"Qiangzi, we brothers are not outsiders. If you stay outside, people will think you are my little brother!"
"Hehehe, I'm just your little brother!"
Wang Jianqiang smiled naively, but Li Ye always felt that this boy showed signs of coming to his senses, or in other words, he was not that stupid.
After Wang Jianqiang left the box, Luo Runbo took out a stack of documents from his briefcase.
"Mr. Li, recently, according to your instructions, I have sold most of the futures contracts and converted them into US dollars as soon as possible. Now I have transferred the money into your personal account. Here is the specific profit details, please take a look."
Li Ye took the details and took a quick look, and found that Luo Runbo had been making continuous subtle operations over the past six months, indeed trying his best to maximize Li Ye's profits.
Li Ye's final profit was approximately 78 million Hong Kong dollars, which is close to 9.5 million US dollars after conversion into US dollars.
Li Ye put down the income details and asked Luo Runbo: "How much has the Hong Kong dollar fallen against the US dollar now?"
Luo Runbo sighed and said, "It has fallen below 8.6 to 1, and is almost at 8.7. Mr. Li, you are right. Not only has the Hang Seng index fallen below 700 points, but even the exchange rate has fallen to an endless level!"
Although Luo Runbo made a living from financial speculation and made a lot of money in this decline, he was also very worried when he saw the situation in Hong Kong Island getting worse and worse.
"Abo, you are a professional, so you should give Mr. Li some professional advice."
Pei Wencong, who was standing next to him, kicked the table with his feet, reminding him not to express his personal feelings in such occasions.
Luo Runbo, this old classmate, is a man of temperament and it is good for him to make friends, but it is very unprofessional for him to show such emotions in front of Li Ye.
Li Ye looked at Luo Runbo with interest and said with a smile: "How can it be possible that it won't fall to the bottom? Everything will turn around when it reaches its extreme!"
"Yes, yes, everything will turn around when it reaches its extreme. Good times will come after bad times. It will definitely be fine, hehe, uh."
Pei Wencong tried to smooth things over with a smile, but he suddenly thought of something and his laughter stopped abruptly.
He looked at Li Ye hesitantly, and then asked carefully: "Mr. Li, when do you think the fall will reach the end?"
"Maybe soon!" Li Ye glanced at Pei Wencong, smiled faintly and said to Luo Runbo: "Mr. Luo, if it drops another 10%, help me open the maximum leverage and buy Hong Kong dollars."
"Buying Hong Kong dollars? Maximum leverage? Mr. Li, are you kidding? The maximum leverage here is 100 times."
Luo Runbo cried out in surprise.
The situation in Hong Kong Island is very bad now. It is not just a downturn in the foreign exchange market. A large number of citizens have lost confidence in the Hong Kong dollar and have begun to convert their savings into foreign currency.
This has led to some banks stopping the exchange of Hong Kong dollars for foreign currencies, and some individual businesses have even put up signs refusing to accept Hong Kong dollars for some special products.
And now Li Ye is actually going to buy Hong Kong dollars against the trend and use a high leverage. This is an act of "seeking death" no matter how you look at it.
You should know that when Li Ye was speculating on the Hang Seng point, he was "going with the flow".
At that time, the Hang Seng Points had been falling for a long time. Everyone in the market believed that the Hang Seng Points would continue to fall, but they did not expect it to fall so sharply, all the way down to below 700 points.
But this is just like the stock market crash. When everyone has lost confidence, no one thinks there is light ahead and everyone thinks it is a bottomless abyss.
But now Li Ye is actually optimistic about the foreign exchange market, and he is so determined to do so. This is really incomprehensible.
However, in a professional manner, Luo Runbo still asked: "So, Mr. Li, how much capital are you going to invest?"
Li Ye said calmly: "Help me to win! Just let me know after you eat it."
Are you playing mahjong on the street? Don't you care about a few bucks?
Not only Luo Runbo was shocked, but also Pei Wencong.
But he quickly reacted, suppressed his excitement and asked Li Ye: "Mr. Li, do you have any news?"
Li Ye smiled and said, "I don't have any news. I'm just doing economic analysis. Of course, you can also think that I'm a gambler speculating."
Pei Wencong and Luo Runbo were both speechless.
You want to say that Li Ye is a madman! He just completed a big deal and made tens of millions of profits with less than a million yuan of capital.
But if you say that Li Ye is an "economist", that's too outrageous.
Which economist could predict the turning point of the foreign exchange market so accurately? You have to know that with the use of leverage, as long as the price fluctuates downward by a few cents, Li Ye’s principal of nearly 10 million US dollars will be gone.
Tens of millions of US dollars in 1983 was really a lot of money!
"Okay! Mr. Li, you are the client, you have the final say, but I must remind you once again that in the financial futures market, risks and rewards are not necessarily equal."
Luo Runbo gave Li Ye a final safety warning.
But Li Ye smiled gently and said, "I know, thank you for troubling Mr. Luo."
Li Ye certainly knows that the risks and rewards are not equal, but for others the risks are far greater than the rewards, while for him there is only rewards and no risks.
The exchange rate of Hong Kong dollar to US dollar fell to a historical low of 1 to 9.6 in 1984, and now it is close to 8.7. If it falls by another 10%, it will exceed 9.55. If you don't act now, you will miss the chance.
In just one month, the exchange rate will rise back to 1:7.8. As long as the leverage is appropriate, Li Ye will earn his first "small goal" after the time travel.
And it is denominated in US dollars.
. . . . . .
After the decision was made, a series of procedures were signed. Luo Runbo and Li Ye signed a very rigorous entrustment agreement. Only after Li Ye signed the last word did he let out a long sigh.
"Mr. Li, you are the youngest, boldest, and best individual investor I have ever met. I hope your judgment this time is correct as well."
Li Ye put down the pen and said with a smile: "Why, Mr. Luo won't come with me this time?"
Luo Runbo's office has been moved from a narrow alley to a spacious office building, and he also drives a brand new car, so Li Ye guessed that he was following his "style" when he was speculating on the Hang Seng points.
Luo Runbo smiled bitterly and shook his head, "I'm not afraid of being laughed at by Mr. Li. I'm old now and I'm afraid of losing everything I just gained. I'm even more afraid of losing confidence."
Li Ye seemed to understand why Luo Runbo had repeatedly dissuaded him just now.
A young and energetic genius may die if he suddenly suffers a fatal setback.
I have to say that Luo Runbo is really a humane trader, although he is not professional enough in some aspects.
"Thank you, Mr. Luo. Would you like to have dinner together tonight?"
"No, no, I need to hurry up and prepare for Mr. Li's affairs. Tomorrow or the day after tomorrow, I will treat Mr. Li back."
"Well, bye."
Li Ye smiled and turned away, heading to the Talang Literary Publishing House with Pei Wencong.
There are two main reasons for his visit to Hong Kong this time. One is to achieve his own small goals, and the other is about things related to "A Song of Ice and Fire".
"A Song of Ice and Fire" ended the first phase of selection two months ago and entered the second phase of market trial sales. The final result will be announced soon.
Although the returns from this novel cannot compare to the exciting speculative game of futures, it also has its own advantages.
First, the income is long-lasting and there are endless possibilities for future publications, adaptations, peripheral products, etc.
Second, the money is earned "legitimately", which can give you a layer of protection.
What's more, Wen Leyu occasionally criticizes Li Ye for being too wasteful. Although he has not thought of limiting his pocket money, this is not a solution.
Why not, let me show you what a sky-high royalty fee is. Thirty-one thirty-one, and even Teacher Ke will be included in it.
Wen Leyu, you are already a millionaire. If I spend a little money, you won't criticize me for wasting it, right?
After arriving at the publishing house, Pei Wencong asked Amin to greet Li Ye and Wang Jianqiang warmly, arranged red wine and snacks, and gave several of the best translation manuscripts to Li Ye for study.
Then, Pei Wencong quietly returned to his office and hurriedly called Luo Runbo.
"Hey, Apo, how much money do I have left in my investment account with you? What? Why is there only 4 million?"
"Acong! You just withdrew two million US dollars last month. Last month..."
"Okay, okay, okay, I get it. You invest all your money in the foreign exchange market and implement Mr. Li's plan."
“.”
There was silence on the other end of the phone for a long time, and then Luo Runbo roared: "You don't believe me, right? You think I'm unprofessional, right? With such a big risk, your money was blown away by the wind?"
Pei Wencong held the receiver further away, and waited until Luo Runbo calmed down before he put his ear close to it again.
"Apo, isn't our money the result of the wind? Didn't you also make millions just by following the wind?"
“.”
"Trust me, Apo, it's important to follow the right wind."
“.”
"Acong, tell me the truth, who is that Li Ye?"
"I don't know, but Aqiang went to Beijing a few months ago and told me some things after he came back. I always feel that he is not simple."
"I know you have something going on. I know it. You, Ah Cong, are hiding it from me."
Even through the phone, Pei Wencong could imagine that Luo Runbo was spinning in anger at this moment.
"Okay, I'll put my coffin on the table, and if... I'll live in your big villa on the top of the mountain."
“Beep, beep, beep~”
Luo Runbo hung up the phone.
Pei Wencong turned around in his boss chair and said with some regret: "Don't be too greedy, be content with what you have."
Pei Wencong was not afraid of losing the four million US dollars, but regretted that he had embezzled too much funds some time ago.
When the Hang Seng Index fell below 800 points, he took a fancy to the luxury houses in Victoria Peak, so he delivered some futures in advance, resulting in him not being able to reap the subsequent profits.
Then when I had money, I would engage in all kinds of impulsive consumption, such as buying a BMW for my sister and an apartment in Central, which cost me a lot of money.
As a result, he found that Li Ye had made another move, but he did not have enough capital to follow suit.
The last time he followed Li Ye to trade the Hang Seng index, he only invested 10,000 Hong Kong dollars less than Li Ye!
But this time, more than half of them were missing, and they fell behind in an instant.
(End of this chapter)
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