Chapter 622
Although he is an American emperor, tens of millions of dollars is still a lot of money. For more than 95% of people, it is a figure that is out of reach.
York just heard it very clearly. More than 200 million RM coins, converted into nearly 30 million US dollars, how could he not be happy to have such a large sum for his own operation?
At first, he called Zhao Qin BOSS, which was a bit flattering and ridiculing, but now all this is gone, the boss is the boss.
“BOSS, how do you plan to use this money?”
“Why buy that?”
“S&P 500?”
“Yes, just buy this and go short.”
York scratched his head, but still suggested: “BOSS, the controllability of the S&P 500 is too low. I think it is better for us to speculate on a certain stock, which is less risky.”
Of course, what he said was a sincere statement, and of course he was also considering his own profits and credibility.
Zhao Qin knew that buying Apple stocks now would definitely make money, but the time line was too long, so it would be more enjoyable to do it quickly.
“York, it’s still the same. If you help me operate until the end of next year, I will give you 2% of the income plus a guarantee of US$200,000.”
“Okay BOSS, the money is yours and it’s up to you to decide. The S&P index is now 1710 points, which is said to be a bit high, so how do you plan to buy it?”
The operating fee of 2% was actually a bit low, but York didn’t argue. After all, there was a guarantee of 200,000.
But after a few months, he will know that 200,000 is nothing to 2%.
“When the money arrives tomorrow, you can just continue to be short.”
“At what point do you throw it?”
“Throw it all away next October.”
York was confused. Stock trading depends on the rise and fall, not the time. However, he now understands Zhao Qin’s character to some extent. To put it bluntly, he is a bit stubborn, so he is too lazy to argue.
“Then use leverage?”
Hearing Zhao Qin think about the leverage, York thought he was also scared, but he heard him ask: “How many times the leverage can be used?”
“I can operate it up to 80 times, but no one has ever used such a high leverage, because it is not gambling, it is giving away money.”
Although Zhao Qin is a novice in stock trading, he still knows a little about leverage. This thing is a double-edged sword.
For example, if you invest 100 yuan to buy a stock and it rises by 1%, then you will earn 1 yuan.
But if you use ten times leverage, then the money you invested becomes 1,000 yuan, and you can earn 10 yuan if it rises by 1%. Of course, if the stock falls by 10%, it means that the original loss of 10 yuan has become Losing 100 yuan,
Then the capital you invested in the early stage will be gone, and the position will be forcibly closed without leaving a cent.
“How much leverage do you think I should use?” Zhao Qin is not sure. He wants to maximize it. He is shorting. If he really maximizes it, if the S&P rises slightly, his money will be lost. The hair is gone.
“How about 5 times?” York gave a relatively conservative figure. If the S&P fluctuates, there is still a chance to leave the market.
After five times, my 30 million has become 150 million. Well, it still feels a bit small.
“25 times leverage.” If the coward is starved to death, it’s only 30 million dollars. Money is a bastard’s money. If you lose, you can make more.
“Zhao, if the fluctuation is 4%, there will be nothing. Are you sure?”
“Sure, let’s do it.”
York shrugged and didn’t think about his 2% commission anymore. He just took the 200,000 guarantee. Anyway, it was just a simple operation and it didn’t cost much.
Yu Fake acted quickly and told Zhao Qin that the money was ready at around two o’clock in the afternoon, and he also had a lawyer ready.
The two drove to the place where Yu Fake was, found a lawyer and signed a contract, then contacted an international futures company and opened an account in Zhao Qin’s own name.
Then the money is deposited into the account, and York is responsible for the next operation.
After finishing the work, it was already past five o’clock in the afternoon when the two returned to their residence. After taking a shower, Zhao Qin was about to order a meal, but the next moment there was a knock on the door.
He thought it was York, but when he opened the door it was Joey.
I’m so happy, let’s see who can’t stand it first!
“Mr. Joy, are you okay?”
“Zhao, can I treat you to a meal? According to you, acquaintance is fate. As a guest from afar, I think I should treat you as a landlord.”
Zhao Qin took care of himself, changed his clothes and went downstairs.
He didn’t go out, but stayed in the hotel’s supporting restaurant. After he sat down, Joey told him that fried rice was provided today. Zhao Qin was so happy that he had been out for nearly a week.
For a kid who has been eating rice for two lifetimes, a life without riceIt’s too hard to bear.
“Are you sure? I don’t eat rice.” Seeing Zhao Qin ordered two servings at once, Joey reminded him.
“Order two first, if it’s not enough, I’ll add more.” Zhao Qin confirmed.
Joey nodded, and after ordering the meal, he envied, “Young people have a good appetite.”
Waiting for the meal, the two chatted for a while. Under Joey’s intentional guidance, the topic soon turned to fishermen, “Zhao, why do you want to be a fisherman?”
Seeing Zhao Qin stunned, he hurriedly added: “I don’t mean to offend your profession. I just think that young people like you should not be willing to drift on the sea every day.”
Zhao Qin thought, that’s because you don’t know how much I gain in a day. After knowing it, even if you Americans spend American money, there are still many young people who will cry and shout to do it.
“I’m here purely out of interest. I’ve lived by the sea since I was a child. My parents are fishermen. I like the sea and the sight of a good harvest in one net.”
“Do you have other hobbies?”
“Quite a lot, fishing, food, oh, by the way, does sleeping count?”
Joey smiled bitterly, “Zhao, you really don’t look like a young person. The young people I’ve seen have personality and publicity. While working hard, they also indulge in wine, women, and drunkenness.”
“No, you have to stay healthy. Joey, do you know what the most painful thing in a person’s life is?”
“What is it?”
“People die, but the money is not spent, so I plan to live longer.”
Joey’s face was about to cry, “So I’m still lucky, because although I’m still alive, the money has been spent.”
“No, no, no, yours is more painful, that is, the money is gone while the person is alive.”
Joey had the urge to slap his butt and leave. This guy’s words were too irritating.
“Zhao, have you heard of Alaska?”
“Of course.”
“There is a group of people there who also make a living by fishing. Some of them catch crabs in the Bering Sea, such as snow crabs and king crabs. The risk is very high, but the return is very high.
However, the season is wrong now. Some of them make a living by catching silver cod. It happens that it is the season for fishing now, and I just know a few friends who are fishing.
I want to invite you to play with me, please agree.”
Zhao Qin was stunned. Didn’t he invite himself to the gold panning site? How did it become cod fishing?
“Joey, business is business, friends are friends, I want to understand your purpose for doing this.”
“Of course I have my purpose, but I want to keep it a secret for the time being and tell you when we get there. Please rest assured that I am a very pure businessman.”
The so-called pure businessman will not do anything illegal or use some shady means.
But just listen to what these people say. Capitalists are always profit-seeking.
“Sure, but I’ll have to wait until I get back from Philadelphia.”
“You can call me.”