Chapter 337: Continuing to Buy
Chapter 337: Continuing to Buy
On the last day of 1985, Lu Jiaxin closed her short positions and sold all her contracts. Having held them for over two months, with the exchange rate dropping by 9.5%, her investment of 100 million Green Dollars at a leverage of 10 times had yielded a profit of 95 million. After deducting financial taxes, fees, and commissions, she was left with a balance of just over 173 million.
Wu Ziyu reached out and exclaimed, "Congratulations, Miss Lu!"
Lu Jiaxin wanted to continue shorting, but there weren't enough contracts available for her to do so.
Wu Ziyu indicated that he would negotiate with his superiors: "Miss Lu, I can secure up to 50 million for you, but anything more is impossible. There simply aren't enough contracts."
Lu Jiaxin was satisfied with 50 million. She nodded and said, "Alright, then another 50 million with a 10-times leverage, just like last time."
After signing the contract, she transferred out all her money except for the additional 50 million Green Dollars she had just invested. As for what to do with the rest? Of course, she would continue to short the market.
The transfer of funds wouldn't be immediate, so when she returned home, Lu Jiaxin called Nie Zhan: "The money from my investment is back, and I want to buy more Green Dollar/Yen contracts, but the bank says they don't have any available for me."
It wasn't embarrassing to ask her boyfriend for help with making money.
Nie Zhan asked, "How much money did you bring back?"
Lu Jiaxin didn't give him a number but indicated that they could discuss it in person, as it was too complicated to explain over the phone.
"Then I'll come to you later," he replied.
When Nie Zhan arrived, he noticed the courtyard was filled with potted plants, and it was only after asking the servants that he learned Lu Jiaxin had bought them that day.
As he entered the living room, he spotted a bouquet of lush, vibrant roses on the table. Well, she must have made a substantial profit this time, he thought. Otherwise, the usually frugal Jiaxin wouldn't be so extravagant.
Upon seeing him, Nie Zhan asked, "Tell me, how much did you make from this investment?"
After sending everyone away, Lu Jiaxin wrapped her arms around Nie Zhan's arm and cooed, "Quite a bit. I can put up 80 million to short the market."
In October, she had left 10 million Green Dollars untouched. This time, with her principal and profits totaling 173 million Green Dollars, she had 50 million at HSBC for continued shorting, leaving her with 133 million in hand. However, even with Nie Zhan, she wouldn't reveal her entire hand.
Nie Zhan was stunned. "What kind of investment are you doing that's making you so much money?"
According to his estimates, Lu Jiaxin's assets ranged from 100 to 150 million, and even with Ms. Gu's gift, it wouldn't exceed 180 million. But now she was giving him 80 million Green Dollars to short the market, which would be the equivalent of 624 million Hong Kong dollars. Her rate of earning was truly astonishing.
Lu Jiaxin assured him it was a legitimate business but didn't elaborate on the specifics. "Nie Zhan, will we be able to get our hands on the contracts? If not, I'll have to make other arrangements."
Nie Zhan smiled and said, "It's possible, but not here in Port City. We'll have to go to Wall Street to buy them. Transfer the money to my account, and I'll take care of it for you."
Lu Jiaxin agreed and then asked, "Nie Zhan, can I buy at a 10-times leverage?"
"Ten times is too high. How about five? I'm also buying in at five times leverage."
This time, Lu Jiaxin didn't yield. "No, make it ten. I think it will still drop, by at least another one or two percent."
A 10-times leverage was already on the conservative side for her. However, with her initial accumulation complete, she would continue to make money in the financial sector but shift her focus to the real economy.
"Alright, I'll transfer the money to your account tomorrow," she said.
Seeing her determination, Nie Zhan smiled and said, "No wonder the villa is filled with flowers inside and out. So, our little Jiaxin has made a fortune."
Lu Jiaxin led him to the guest room and pointed to the more than ten bags on the bed. "Look, these are all things I bought for you."
Not only had she bought many new things for the house, but she had also purchased numerous gifts for Nie Zhan, including clothes, ties, belts, bags, and a watch.
Nie Zhan immediately took off his watch and replaced it with the one Jiaxin had bought for him. This new watch was the latest model, exuding a subtle yet luxurious aura, and Lu Jiaxin felt it suited him perfectly. Now that he was earning a substantial amount, he wouldn't have dared to spend this much on a watch ordinarily—after all, it cost over 400,000 Hong Kong dollars!
After putting it on, Nie Zhan raised his wrist in front of Lu Jiaxin and asked with a smile, "Does it look good?"
"Of course, it looks great. I bought it, after all."
Even though Lu Jiaxin had bought him so many things, Nie Zhan still said, "Jiaxin, you don't need to buy me so many things. Now that you're earning money too, you should consider buying a villa. Once you buy a place, you can renovate and decorate it according to your tastes."
This time, Lu Jiaxin readily agreed. "I plan to find a real estate agent in a couple of days and tell them my requirements. If they have something suitable, I'll snap it up."
The style of this house was fine, but the interior decorations didn't suit her taste. She didn't want to make changes to someone else's property. Now that she had the money, she didn't need to endure the same hardships as before, and buying a villa was on the agenda.
Nie Zhan asked her about her requirements.
Lu Jiaxin said, "I want to buy a place in Repulse Bay or Deep Water Bay. It must have a large garden and a swimming pool. It would be even better if there's a basement so that I can turn it into a gym and a home theater."
She hadn't even considered living on the Peak. Only the top tycoons resided there, and even with her newfound wealth, she felt unqualified to buy a property there, given her lack of reputation and company.
"A home theater? You like watching movies?"
In her past life, she had been too busy with work, and watching movies had been her greatest leisure activity. It was a convenient way to unwind without having to spend too much time, unlike traveling, which demanded more time. However, since coming to this era, she had been occupied with her studies and only managed to catch a few movies during the longer holiday breaks.
Nie Zhan pondered for a moment before saying, "Villas with large gardens are usually around 13,000 to 14,000 square feet, and they cost about 60 to 70 million."
Lu Jiaxin had already made some discreet inquiries beforehand. "I've set aside money for the purchase. Nie Zhan, you have many friends and connections, so please help me keep an ear out for suitable options. It must have a garden, and a bigger one would be preferable."
Without waiting for her to finish, Nie Zhan assured her, "If I come across something suitable, I'll help you secure it. If you don't like the interior design, we can always renovate it later."
During the New Year holiday, Lu Jiaxin bought bird's nest soup, donkey-hide gelatin, and other tonics to visit Grandma Gu's place. As soon as she got out of the car, she could hear loud noises coming from inside.
When she entered the living room, Red Aunt seemed to have been choked by something and couldn't speak.
Lu Jiaxin noticed that the caregiver cowered when she saw her, and her demeanor was clearly amiss. Frowning, Lu Jiaxin asked, "What's going on here?"
Red Aunt, relieved that Lu Jiaxin wasn't blaming her, explained in a soft voice, "She brought water for Grandma Gu without checking the temperature and was about to let her drink it. Fortunately, I noticed in time, or Grandma Gu would have been scalded. I got angry and scolded her, but she complained that I was interfering."
After finishing her explanation, she pointed at the cup of water that was still steaming. "Miss Lu, the water is still here if you want to see it."
Lu Jiaxin picked up the cup and could feel the heat radiating from it without even testing the temperature. With a stern expression, she asked, "Is this how you take care of Grandma Gu?"
The caregiver explained that Gu Xiuxiu had called for her in a hurry, so she had rushed to bring the water without checking the temperature.
Lu Jiaxin didn't yell but simply stated, "You're fired. You can leave now."
There were three caregivers looking after Grandma Gu, and they were paid well. The caregiver didn't want to lose this job, so she pleaded, "Miss Lu, I've been very diligent in taking care of Grandma Gu. I was just careless this once. Please, Miss Lu, give me another chance!"
Lu Jiaxin didn't believe a word of her excuses. "Is this a matter of carelessness? The water is still steaming. Anyone with eyes can tell that it's not suitable for drinking right now. Xiao Xiao, escort her out."
(End of Chapter)
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