1979: Literary Master, Starting from the Return of Educated Youth

Chapter 104 Wealth takes off!

"Okay, move the silver to the garage exit."

Lin Qingxia agreed immediately.

From Xu Yuexin's tone, she realized the seriousness of the matter.

After finishing the instructions, Xu Yuexin walked into Lin Qingxia's mansion and moved two boxes of silver to the exit of the basement. At this time, Lin Qingxia had already driven the Mercedes-Benz out of the basement.

After moving the silver into the trunk, Xu Yuexin sat in the passenger seat of Lin Qingxia's car, and Chen Yixiu sat in the back seat.

With a sound of the accelerator, the Mercedes-Benz carrying the three people drove out of the garden and headed forward.

The nearest urban area to Lin Qingxia's home is Wong Tai Sin District. In less than fifteen minutes, Xu Yuexin and Chen Yixue arrived at a gold shop in her car.

This is the advantage of a luxury home in Hong Kong. Since the place itself is not big, it is quiet when inside and bustling when outside.

After the car stopped, Xu Yuexin moved the box into the gold shop and confirmed the price with the clerk there.

"The price of silver? It's $49 an ounce, sir."

The salesgirl replied in a sweet voice.

When she heard this number, Lin Qingxia's pupils under her sunglasses trembled.

From 20 US dollars to 49 US dollars, it has more than doubled!

Mr. Xu's investment vision is indeed far beyond that of ordinary people.

It’s a pity that I was not sure about his investment level at the beginning, and I just invested a little with a playful attitude.

If only I could invest more!

At this moment, Lin Qingxia felt a little regretful.

Under Lin Qingxia's strange gaze, Xu Yuexin pointed to the box and said, "There are 4762 ounces of silver in here."

"I'll sell them all to you today."

so much?
The female clerk glanced at the box and nodded: "Okay, no problem. Please wait a moment, sir."

Xu Yue took out the key and opened the box. At this time, the female clerk and her colleagues gathered around, took out the silver inside to verify its authenticity and weighed it.

After weighing, the female clerk pressed a few buttons on the calculator.

"The total is 233338 US dollars, which is 1178356 Hong Kong dollars. Sir, would you like US dollars or Hong Kong dollars? Cash or bank card?"

"I want cash."

Xu Yuexin said decisively.

It takes time for the clerk to go to the bank to transfer the money, and now the price of silver has peaked.

What if the price of silver collapses before the other party reaches the bank?
In comparison, the largest denomination of Hong Kong dollars is 1000 yuan, so more than one million in cash would not seem cumbersome. I would take Lin Qingxia's car to the bank to deposit the money later.

"Okay sir, please wait a moment and we will get the money right away."

the clerk said.

Chen Yixiu listened to the whole conversation between the two and felt like she was stepping into a fantasy.

It turns out that money can be measured in millions.

……

With the sound of footsteps, the clerk and his colleagues returned to the counter holding piles of thousand-yuan bills: "Hello, sir, this is 1178356 yuan and 9 cents for you. Please count it in front of me."

Xu Yuexin picked up the money and counted it. After making sure that there was not a penny missing, he put it all into his bag.

One million one hundred and seventy thousand...

It’s quite heavy!

Even before traveling through time, Xu Yuexin had never seen so much cash.

His wealth was expanding rapidly, and his heart was flying with it.

"It contains your 20% investment, and the remaining 80,000 yuan is borrowed money."

"All in all, I should pay you back about 30 yuan."

When leaving the gold shop, Xu Yuexin suppressed his excitement and thanked Lin Qingxia with a smile, "Anyway, thank you Miss Lin for your help, which allowed me to catch up with this wave of market."

Before Lin Qingxia could say anything, Chen Yixiu looked at Xu Yuexin first.

It turned out that his principal was borrowed.

The person who lent him money was actually Lin Qingxia?
Chen Yixiu really couldn't understand why this world-famous movie star was willing to lend so much money to her brother-in-law.

“You don’t have to pay back the money.”

At this time, Lin Qingxia made a statement that was beyond Chen Yixue's expectations, "And this time, I am the one who should be thanked. You helped me earn more than double the money."

"I'll take out another 20 yuan later and put it in your hands. Whatever you buy, just buy a copy for me."

"I will bear the profits and losses myself, and I will give you 10% of the commission. How about that?"

Lin Qingxia wants me to be her personal financial advisor?
Xu Yuexin immediately weighed the pros and cons of this matter in his mind.

"No. Stocks and precious metals are always up and down."

After thinking for a while, Xu Yuexin said to Lin Qingxia cautiously, "I'm afraid most people can't accept such fluctuations."

Xu Yuexin had agreed to help Lin Qingxia buy silver because the money she gave was not much and it was just a small gamble for fun.

I recommended Apple when she asked because it was ultimately her turn.

Managing money for others is different. All the money is in your own hands, and all the profits and losses are caused by yourself. Even if Lin Qingxia said that she would bear all the consequences, Xu Yuexin had to take it easy.

This is not because Xu Yuexin has no confidence in his vision, but as he just said, the market itself is volatile.

What if there are two callbacks in the middle and Lin Qingxia can't accept it and asks to withdraw, how should I respond then?

Facing Xu Yuexin's rejection, Lin Qingxia still insisted: "It doesn't matter. Even if I lose all my money, I won't have any complaints against Mr. Xu."

"Of course I'm not saying this because I don't trust your ability. On the contrary, I'm very optimistic about you."

As soon as the voice fell, the three got into the car.

"Let's talk about it later, lady, just concentrate on driving first."

In the co-pilot seat, Xu Yuexin still shook his head and said, "Safety first."

Lin Qingxia felt quite regretful when she saw this and didn't say anything else.

According to Xu Yuexin's instructions, she drove to the Goldman Sachs Securities branch in Central, where Xu Yuexin wanted to open an account.

Get off the car and walk into the sales department.

"Sir, how can I help you?"

A securities broker in a suit and tie came up and asked Xu Yuexin in a very polite manner.

"Open an account and deposit 85 yuan into it."

Xu Yuexin showed his strength as soon as they met.

He doesn't like to play the pig and eat the tiger trick in situations like consumption and investment.

Let the other party know what kind of client you are from the beginning so that everyone can save trouble.

The agent realized that a big customer had arrived.

"Please follow me to the VIP room and we can talk in detail."

The agent said enthusiastically, and took Xu Yuexin and his group to the room next to the hall.

The current average monthly income of Hong Kong citizens is HK$1600, so for them, HK$85 is definitely a big customer.

"Excuse me, sirs and madam, what would you like to drink? We have herbal tea, black tea, Longjing tea, cola and coffee."

"I want herbal tea."

“Longjing tea.”

"Plain water."

After sitting down in the VIP room, the agent asked the three people, and soon brought up four cups.

Xu Yuexin took his own boiled water and took a sip.

“What is your transaction commission rate?”

Xu Yuexin put down the cup and asked.

"It's 0.5% per transaction, sir. It's charged on both the buying and selling sides."

The agent politely quoted a price that Xu Yuexin absolutely could not accept.

I've heard that brokerage firms in Hong Kong charge unfair commissions, but I didn't expect it to be so unfair!

In later generations, there were a large number of mainland securities firms, and they generally received a maximum of 0.2%. I didn’t expect that the rate would be so high in this era.

That is to say, for every purchase and sale, Xu Yuexin paid as much as 1% to Goldman Sachs.

So I’m working for you by trading stocks?

These foreign investors are really vicious and black-eyed. Xu Yuexin cursed in his heart, his face darkening.

He felt very uncomfortable with the feeling of being brutally exploited for no reason.

The rate must be negotiated down!

Seeing that he looked unhappy, the agent immediately offered a trick: "Sir, if you are not satisfied with the rate of 1,500 yuan, you can negotiate with us."

"One thousand and a half, no more."

When Xu Yuexin said this, he clearly saw his agent's expression twitch.

Does this person understand the market situation?

What a crazy guy!

"One thousand and a half?"

Although he was unhappy, the agent still smiled and said, "Please forgive me, we can't offer you this rate."

"Looking across Hong Kong, there is no other brokerage firm that would set the commission so low."

"Oh well."

Xu Yuexin didn't say much, just picked up the cup and left.

Chen Yixiu and Lin Qingxia were stunned for a moment, then stood up and followed.

"Don't we need to talk anymore?"

Chen Yixiu asked in a low voice as she walked out of the sales department.

"No, I just thought about it. I'll use Goldman Sachs as a tool."

Xu Yuexin said with a relaxed expression.

Judging from Goldman Sachs' attitude, it is impossible to negotiate to 1.15.

Then just find the next company, lie to them and say Goldman Sachs is willing to lower the fee to this rate, and take the opportunity to lower their price.

Then, Xu Yuexin asked Lin Qingxia to walk slowly along Central and check the securities firms along the way.

What Hong Kong lacks the least is securities firms, especially in Central.

In just a few hundred meters, Xu Yuexin saw the business departments of more than a dozen securities companies.

After half a day of comparison, Xu Yuexin finally chose a local brokerage firm among many foreign securities companies.

Tai Fook Securities!

Compared with Goldman Sachs, its business department is not as impressive, but Xu Yuexin intuitively feels that he can negotiate the fee rate down with it.

Xu Yuexin walked into the sales department holding a Goldman Sachs paper cup, and was greeted by a broker from Dafu Securities.

Xu Yuexin explained to him the account opening requirements and the amount, and the broker quickly invited them into the VIP room.

As a brokerage firm that has only been established for a few years, customers who can deposit 85% of their money into us at one time are extremely valuable.

Just like the brokers at Goldman Sachs, the brokers at Tai Fook Securities prepared drinks for them and then got down to business.

"I just went to Goldman Sachs and asked them to set the fee rate at 1.2 per thousand, but they were only willing to set it at 2 per thousand at best."

“So I came to you.”

"What's the lowest you can go?"

Xu Yuexin played with the Goldman Sachs paper cup and looked at Dafu's broker.

The agent met his gaze with a smile, while mentally considering the truth of his words.

As far as the fee level of Hong Kong brokers is concerned, 1,200 yuan is an extremely favorable level, so favorable that he has never seen it before.

Even Dafu Securities, which has only been established for a few years and is eager to expand, usually charges a minimum of 1,300 yuan in fees.

However, considering that the young man in front of him had deposited a large amount of money and was holding a Goldman Sachs paper cup in his hand, maybe he was not cheating.

"Two thousand is still too low. I have to ask the manager."

After thinking it over, the broker didn't want to miss the client, but he couldn't make the decision on the fee of 1,200 yuan.

"No, I want 1.2 thousandths."

Xu Yuexin said in a calm tone.

"Ha... That's probably impossible. We also have our own rules."

The agent was on pins and needles and said that he really wanted to get this big client.

Xu Yuexin saw through his thoughts.

"Go ask first."

"I'm waiting for good news here."

"Yes, please wait a moment."

The agent said hurriedly, standing up and walking out of the VIP room.

"Not urgent."

Xu Yuexin said calmly, putting down the Goldman Sachs paper cup.

This paper cup is still useful.

“Can you cut it down?”

After the agent left, Lin Qingxia asked in a low voice.

Like Xu Yuexin, she also felt exploited when she heard the high fee of 1,500 yuan.

So she is also very concerned about the outcome of the rate negotiations.

Xu Yuexin did not answer, but just smiled gently, appearing confident.

"Hello sir, I have asked the manager for instructions."

After a long time, the agent returned to the VIP room and said attentively, "We can reduce it to 1.5 thousandths at most."

"If it goes any lower, we will be banned by our peers."

"Okay, then 1.5 thousandths."

Xu Yuexin pretended to be reluctant and said that this was actually the ideal rate in his mind.

As for his time at Goldman Sachs, his target fee rate was 1.8 per thousand.

After all, Goldman Sachs is a big company, so it is not realistic to cut it to 1.5.

"Thank you Mr. Xu for your understanding."

The most important fee rate has been negotiated, and both parties walked out of the VIP room to go through the account opening procedures and deposit funds.

After transferring 85 yuan into the securities account, Xu Yuexin still had more than 32 yuan left in his card.

"May I ask how much position Mr. Xu intends to hold?"

“Do you have a preferred industry or company type?”

After the deposit was completed, the broker asked enthusiastically but cautiously.

Based on Xu Yuexin's performance during the negotiation just now, the economic department concluded that he was an experienced financial investor and that it was not possible to recommend specific stocks to him right at the beginning.

Otherwise, if it does not conform to Xu Yuexin’s investment philosophy, he will consider it unprofessional.

"I don't buy individual stocks, I only buy the Hang Seng Enhanced Index."

Xu Yuexin said decisively.

He didn't recognize any of the stocks currently listed on the Hong Kong stock market.

As for US stocks, well-known companies such as Apple and Microsoft have not yet gone public, so there are no suitable targets.

Naturally, buying the Hang Seng Index becomes the best choice.

1980 was a great year for the Hang Seng Index. Its constituent stocks performed well and the Hong Kong financial market also underwent an institutional reform.

In July, Hong Kong will carry out the historically famous "Four Exchanges Merger", whereby the four exchanges will merge to form the Hong Kong United Exchange, laying the basic framework for Hong Kong stocks in the next few decades.

The establishment of the Hong Kong Stock Exchange has effectively improved the governance of listed companies and the stock market, and directly raised investor confidence to an all-time high.

This year, the Hang Seng Index achieved an astonishing 67% increase, attracting global attention!
"How many times of enhancement do you plan to buy, sir?"

The agent continued, "We have 1.5 times, 2 times, and 3 times."

To put it simply, enhanced index means adding leverage. For example, a 1.5x enhancement means amplifying the index's rise and fall by 50%.

"Maybe you should buy 1.5 times the size?"

Chen Yixiu figured out the meaning of the enhancement index from the literal meaning and reminded Xu Yuexin in a low voice.

In her opinion, the higher the multiple, the greater the risk.

Lin Qingxia looked at Xu Yuexin with interest, wanting to know what choice he would make.

(End of this chapter)