Chapter 348: Chapter 337: Continue Buying Chapter 348: Chapter 337: Continue Buying On the last day of ’85, Lu Jiaxin closed her positions, selling all the short contracts she held. Having held onto them for over two months, the exchange rate had fallen by 9.5%. Leveraging ten tis on a billion greenbacks, she made a profit of 95 million greenbacks. After deducting the financial tax, handling fees, and commission, she still had over 173 million left.
Wu Ziyue reached out and said, “Miss Lu, congratulations to you!”
Lu Jiaxin wanted to continue short selling, but by then, there weren’t as many short contracts available for her to purchase.
Wu Ziyue conveyed that he would try to get her a deal with his superiors, “Miss Lu, I can try to get up to 50 million for you, but no more than that, there just aren’t enough contracts available.”
Lu Jiaxin felt that 50 million was not bad, and she nodded, “That’s fine, let’s go ahead with another 50 million, still at ten tis leverage, just like before.”
After the contract was signed, she transferred out all the money except for the 50 million greenbacks she continued to purchase. As for what investnt? Of course, she continued to short sell.
The transferred money couldn’t imdiately reach her account. Once back ho, Lu Jiaxin called Nie Zhan, “The money I invested has co back. I want to buy greenback/Japanese Yen contracts now, but the bank says they don’t have any contracts available for .”
Asking her boyfriend for help with making money didn’t embarrass her.
Nie Zhan asked, “How much money did you bring back?”
Lu Jiaxin didn’t specify, only suggesting they discuss it in person as it was too complicated to explain over the phone.
“Then I’ll co over to see you later.”
When Nie Zhan arrived, he found many potted plants arranged in the courtyard and learnt from the servants that Lu Jiaxin had bought them that day.
Entering the living room, he noticed a bouquet of lush, vibrant roses on the table. Alright, this investnt must have made quite a profit, otherwise the usually frugal Jiaxin wouldn’t be so willing to spend like this.
Upon seeing him, Nie Zhan asked, “Tell , how much did you make on this investnt?”
After sending everyone away, Lu Jiaxin, snuggling Nie Zhan’s arm, said coyly, “I made quite a bit, enough to short sell with 80 million.”
In October, she left 10 million greenbacks untouched, and this ti, with the principal plus the profit amounting to 173 million greenbacks, she continued to short sell with 50 million at HSBC. Now, she still had 133 million greenbacks on hand. Even with Nie Zhan, though, she wouldn’t reveal her full hand.
Nie Zhan was astonished, “What kind of investnt have you made to earn so much?”
Based on his estimation, Lu Jiaxin’s assets were between one and one and a half billion. Even including the most Madam Guh might have given her, it would have been only 1.8 billion tops. But now, giving him 80 million greenbacks to short sell, which amounted to 624 million Hong Kong Dollars, was astoundingly fast money-making.
Lu Jiaxin explained it was a legitimate business but did not reveal what it was, “Nie Zhan, can we manage to get so contracts to sell? If not, I need to make other plans.”
Nie Zhan smiled and said, “It’s possible, but not here in Hong Kong; we’ll have to go to Wall Street. Transfer the money to my account and I’ll buy them for you.”
After Lu Jiaxin agreed, she asked, “Nie Zhan, I want to leverage ten tis on the purchase, can I?”
“Ten tis is too high, how about five? I’m also buying in at a five tis leverage.”
This ti, Lu Jiaxin didn’t go along with him, insisting, “Ten tis it is. I still think it will fall, a drop of one to two percent shouldn’t be a problem.”
In utilizing ten tis leverage, she was actually being conservative. But the initial accumulation was now done, and though she would continue to make money in the financial circle, she planned to turn her core focus towards the real industry.
“Alright, I’ll transfer the money to your account tomorrow.”
Nie Zhan, seeing her decisiveness, said with a smile, “No wonder the villa is decked out in fresh flowers today, our Xinxin must have made a big fortune.”
Lu Jiaxin pulled him into the guest room, pointed at the bags on the bed, and said, “Look, all of these are for you.”
Not only did she buy many things for the house, but she also bought lots of gifts for Nie Zhan, including clothes, ties, belts, bags, and a watch.”
Nie Zhan imdiately took off his own watch and put on the one Jiaxin had bought for him. This watch was the latest model and exuded a discreet luxury which Lu Jiaxin felt suited him perfectly. Now that she was making big money, she could afford it, although it would have hurt to spend over four hundred thousand Hong Kong Dollars on a regular day!
After putting it on, Nie Zhan raised his hand to Lu Jiaxin’s face and asked with a smile, “Does it look good?”
“Of course it looks good, I picked it out.”
Although Lu Jiaxin bought so many things for her, Nie Zhan still said, “Jiaxin, there’s no need to buy so many things for . Now that you’re earning money, you should buy a villa, and once you have it, you can decorate and arrange it to your liking.”
This ti, Lu Jiaxin readily agreed, “I plan to find a real estate agent in the next couple of days, tell them what I’m looking for, and buy sothing if it appeals to .”
The decor in the house was alright, but she didn’t like the furnishings; Jiaxin didn’t want to touch other people’s property. Now that she was earning money and not as hard-pressed as before, buying a villa was on her agenda.
Nie Zhan inquired about her requirents.
Lu Jiaxin said, “I want to buy in Shallow Bay or Deep Water Bay, it must have a large garden and a swimming pool. It would be even better if there’s a basent, which could be turned into a gym and a ho theater.”
She never even considered living on the mountain top. Right now, only top-tier tycoons reside there, and since she currently has no fa or company, even if she has the money, she wouldn’t qualify to buy there.
“A ho theater? You like watching movies?”
In her previous life, she had been so busy that watching movies was her primary form of entertainnt. She couldn’t spare the ti for travel, but a movie took just three or four hours. Since coming here, she has always been busy, only managing to travel during sumr and winter vacations, so she hadn’t watched as many films.
After contemplation, Nie Zhan said, “A villa with a large garden usually spans around thirteen to fourteen thousand square feet, and the price is between sixty and seventy million.”
Lu Jiaxin had already done so preliminary research, “I have saved money for buying a house. Nie Zhan, you have well-inford friends; also help look out for one, preferably with a big garden, even bigger is fine.”
Without her asking, Nie Zhan was already on it, “If I find sothing suitable, I’ll help you secure it. If you don’t like the decor, you can get it renovated.”
During the New Year’s holiday, Lu Jiaxin bought bird’s nest, donkey-hide gelatin, and other nourishing products to take to the Guh Residence. As soon as she got out of the car, she heard a commotion coming from inside.
By the ti she entered the living room, Aunt Hong seed to have lost the nerve to speak any further.
Seeing the caretaker shrink back at the sight of her, Jiaxin imdiately sensed sothing was amiss. Frowning, she demanded, “What happened?”
Relieved that Jiaxin hadn’t scolded her, Aunt Hong spoke softly, “She was bringing hot water to Old Lady Guh to drink and didn’t bother to check the temperature before handing it to her. Luckily, I noticed in ti; otherwise, Old Lady Guh would have definitely been scalded. I got angry and scolded her, and then she had the nerve to say I was ddling.”
After saying that, she pointed to the still steaming kettle, “Miss Cousin, the water is still here.”
Lu Jiaxin held up the cup of water, and without even trying, she could feel the heat, so she sternly said, “Is this how you take care of Old Lady Guh?”
The caregiver explained that Guh Xiuxiu had called for it urgently, so she thought to bring the water quickly and didn’t check the temperature.
Lu Jiaxin didn’t scold her but simply stated, “You’re fired; you can leave now.”
There were three people taking care of Old Lady Guh, with generous salaries, so the caregiver was reluctant to lose the job, “Miss Lu, I usually take great care of Old Lady Guh, it was just this once, just this ti I was careless. Miss Lu, please give another chance!”
Lu Jiaxin didn’t believe a word, “Is this about being careless? The water is visibly steaming; anyone with eyes can tell it’s not fit to drink now. Xiaoxiao, take her out.”
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