Zhou Hexuan watched the traders running around. The trading hall was as noisy as a vegetable market. Everyone craned their necks and stared at the blackboard. This traditional and primitive stock trading method made him very interesting.
Zhang Mouzhi started his career as a comprador and real estate agent, and has never been involved in finance. Looking at the rising bull market, he was already retreating: "Mingcheng, the U.S. stock market is booming. Is there any sign of a collapse? How about that?
, let’s go home.”
"It's about to collapse." Zhou Hexuan laughed.
Zhang Mouzhi still felt something was wrong and asked: "Xian son-in-law, how much money did you bring this time?"
Zhou Hexuan showed four fingers.
"40,000 oceans?" Zhang Mouzhi said.
Zhou Hexuan smiled and shook his head.
"Is it 40,000 U.S. dollars?" Zhang Mouzhi asked in surprise. 40,000 U.S. dollars is equivalent to nearly 100,000 oceans!
Although Zhang Mouzhi's business was huge, he didn't trust Zhou Hexuan, and he didn't want to mobilize too much cash. He only brought 80,000 silver dollars this time.
I really didn't expect that my son-in-law could freely mobilize 100,000 cash without saying a word. Zhang Mouzhi felt a little emotional, and at the same time he was worried. If he lost money, his daughter's life would be difficult.
Zhang Mouzhi shook his head and smiled bitterly. This time he was so obsessed that he believed his son-in-law's words and traveled across the ocean to come to the United States to play stocks.
Can a scholar’s words be trusted?
Zhang Mouzhi decided to be more conservative and only take out a maximum of 30,000 silver dollars. No matter whether he made a profit or a loss, he was determined not to play with his son-in-law any longer.
As for Zhou Hexuan, did he really only bring 40,000 US dollars?
Haha, multiply this number by ten!
Zhou Hexuan brought all the money he had stolen from Chu Yupu, the published royalties that had been settled at home and abroad, the profits from selling underwear, and the profits from running newspapers, which added up to 870,000 yuan.
The money was first deposited into Citibank's international account. After deducting some handling fees, it was automatically converted into U.S. dollars in the United States. The amount was: 404,000 U.S. dollars! (The exchange rate of the U.S. dollar against the silver dollar in 1929 was 1:2.15)
Weng and his son-in-law came to New York at the end of September. They had been hanging out on the stock exchange for a week and even used some small money to buy stocks.
Since the slight decline in July, the U.S. stock market has risen for two consecutive months, and it has soared like a rocket. Zhou Hexuan and Zhang Mouzhi casually threw a few thousand dollars into it and bought stocks with their eyes closed. Now they have made more than 4,000 U.S. dollars, almost
It's a 100% rate of return.
Zhang Mouzhi couldn't help but sigh, it is really profitable to play stocks, much faster than repairing a house.
If Zhou Hexuan hadn't reminded him, he would have kept buying when the price went up and only stopped when he felt it was almost reaching the top.
The two came out of the exchange and found a Western restaurant for lunch.
At the end of the meal, Zhou Hexuan handed the waiter a $1 tip and said to Zhang Mouzhi: "Dad, I'm going to visit someone this afternoon."
"Who are you visiting?" Zhang Mouzhi asked.
Zhou Hexuan smiled and said: "The number one speculator in the United States."
No. 730 Fifth Avenue, New York, where the famous Livermore worked. He ran a small securities company with only a few employees. Although he did not have much business, he took on large orders.
Six years ago, Livermore worked as a trader for others, with a capital of up to 50 million US dollars.
This was US$50 million in the early 1920s, when the United States’ annual tax revenue was less than US$4 billion.
Zhou Hexuan only knows simple stock trading, and it is a fully electronic trading system in later generations, which is very different from traditional manual operations. If you want to short U.S. stocks during the stock market crash, you must hire a professional trader.
Since you want to invite, of course you have to invite the best.
Historically, Livermore made $100 million by shorting U.S. stocks during the 1929 stock market crash. Even the U.S. government begged him to stop shorting.
When Weng and his son-in-law came to Livermore's securities company, the front desk lady looked at them with some surprise because she had never received Asian customers. After being stunned for a few seconds, the front desk lady smiled and asked: "Hello, are you there?
How can I help you?"
Zhou Hexuan said directly: "I want to see Mr. Livermore."
The front desk lady said: "Sorry, Mr. Livermore is very busy. If you want to hire a trader, I can recommend someone else."
"Please go in and inform me," Zhou Hexuan said, "that Zhou Hexuan, the author of "The Rise of Great Powers", is here to visit."
The lady at the front desk had obviously never heard of Zhou Hexuan's name, but she still smiled politely and said: "Sorry, you need to make an appointment to see Mr. Livermore."
Zhou Hexuan stared at her and smiled: "Are you sure you want to turn away a big customer?"
Perhaps Zhou Hexuan was too confident and spoke calmly. The lady at the front desk hesitated for a moment and finally said: "Please wait a moment!"
She dialed the office manager's phone number and said, "Mr. Fermi, there is an Asian who wants to meet the boss. He claims to be the author of "The Rise of the Great Powers."
After a while, Zhou Hexuan was invited into Livermore's office.
Livermore was quite a gentleman, wearing a pair of black-rimmed glasses, with a thin figure and a handsome face. All his hair was combed back, making his forehead look a bit bald. He smiled warmly and shook hands with Zhou Hexuan and said: "Mr. Zhou
, I enjoy reading your work.”
"It's a great honor." Zhou Hexuan said.
Li Feimore didn't waste any time and asked directly: "Mr. Zhou, what do you want from me?"
Zhou Hexuan smiled and said: "The U.S. stock market is almost over."
"Hmm, I know." Livermore nodded.
Zhou Hexuan smiled playfully and said: "I am here to short every share this time. Presumably, Mr. Livermore is also making preparations, right?"
"How do you see it?" Livermore asked.
"You are the number one speculator in the United States, and I believe in your vision." Zhou Hexuan said.
Livermore shrugged: "Okay, you're right."
Zhou Hexuan said: "I need a trader."
Livermore said: "I am very expensive."
"How expensive?" Zhou Hexuan asked.
Livermore said: "20% profit commission."
"It's too expensive, 10% at most." Zhou Hexuan bargained.
Livermore laughed and said: "This is impossible. The top traders on Wall Street are all 15%. I am much better than those idiots."
Zhou Hexuan said: "It's different. You don't need to worry too much about my business, because you have to perform the same operation, just incidentally. Moreover, I may be able to give you some help."
"What help?" Livermore asked with interest.
"For example, I can predict that the U.S. stock market will collapse by the end of this month." Zhou Hexuan said.
Livermore laughed and said: "Sir, securities trading is not divination."
Zhou Hexuan crossed his legs, took the coffee brought by his secretary, tilted his head and said to Li Feimore: "Make a friend, 10% of the profit, friendly price."
Livermore asked: "How much principal do you have?"
"400,000 US dollars." Zhou Hexuan replied.
"Okay, friendly price, I'll only charge you 10%." Livermore said nonchalantly. For him, $400,000 is not enough to fill his teeth. It is completely dispensable.
When Zhang Mouzhi heard the same words, he was so shocked that he almost fell down.
400,000 US dollars, that’s close to 900,000 oceans!
