Chapter 399 Preparing to Purchase Japanese Yen

“As of last weekend, the total investment amount was US$27 billion.

The companies with the largest holdings currently include AT&T, IBM, ExxonMobil, Schlumberger (energy), Amoco (energy), General Electric, DuPont, Walmart, Apple, Intel, Microsoft, etc.

The cumulative market value has now exceeded 30 billion US dollars.

At the same time, according to previous requirements, 5 billion US dollar index was purchased.

As of last week, the US dollar index was 148, ten points lower than the highest point of 158 three months ago. It is expected to continue to fall and return to the initial point of 82 points in 85.

We just sold all of our USD last week in anticipation of this pullback.

Although we did not sell at the highest point, judging from the results, we were among the first batch to sell US dollars on a large scale.

And because of the huge amount, it caused a brief panic, but fortunately someone on Wall Street took over immediately.

However, after selling off Perfect Sword, the cash is now close to 80 billion US dollars. Adding the appreciation of the stock market, the profit is about billion US dollars.

Should I continue to invest in the stock market?

If you invest in the stock market, do you have a specific goal, or do you just follow the recommendation of our team?"

Turner Smith briefly reported all the profits made by the securities company founded by Yin Qingqiu in the three years from 82 to now.

Obviously, the US dollar index has the highest return.

When I bought it in 82, it was exactly the lowest point of the US dollar index. Although it did not reach the highest point when I sold it, it was not too far behind.

More importantly, the inventory was cleared in time.

The US dollar index alone achieved a net profit of 3 billion US dollars.

“Don’t worry, just keep an eye on the Japanese yen and find a suitable opportunity to convert all of it into Japanese yen.

The Japanese yen will gradually rise in the second half of the year and is a better choice than the US dollar index."

Fang Xiang looked at the thick report in his hand without raising his head.

It is now June of 85.

In his memory, in September 85, a major event that would affect global finance would occur.

Plaza Accord.

That’s right, it’s the agreement that forces the Japanese yen to appreciate.

From the day the agreement was signed, the Japanese yen began to appreciate rapidly.

From 1 US dollar to 250 Japanese yen, after just three months, the exchange rate depreciated to 1 US dollar to 200 Japanese yen.

The drop was as high as twenty percent!

In other words, if you exchange it for Japanese yen in advance, it would be equivalent to making 20% profit for free!

At its lowest point, 1 U.S. dollar could only be exchanged for 120 Japanese yen.

In other words, it has fallen by half!

However, just a simple transaction can double the 80 billion US dollars to 160 billion US dollars!

How could Fang Xiang miss such an opportunity to make money without doing anything?

“Exchange Japanese yen?

Now the Japanese yen...”

However, Turner Smith immediately expressed his doubts, but before he finished speaking, he saw Fang Xiang looking up at him.

His eyes were cold and emotionless.

This made him realize instantly that he was just an employee who was paid, and the other party was the boss.

Moreover, it was at the request of this boss that I achieved such brilliant results.

"Okay, boss. I'll arrange to buy Japanese yen as soon as I get back."

Thinking of this, Turner Smith immediately changed his tone.

“Spend all $80 billion on Japanese yen, and don’t worry about anything else.

After buying it, just leave it alone and wait for my news.

As for the shares of other companies, continue to hold them for the long term and do not take any action until you receive my notice.

Don’t worry about your income. Even if you don’t operate, your salary and bonus will be paid as usual.”

Seeing Turner Smith recognize the reality, Fang Xiang spoke slowly.

Fang Xiang didn't have a good impression of the foreigner in front of him.

Although the stock market crash and the appreciation of the yen did not reach their peak until the end of 86 and the second half of 87, keeping them would save a lot of trouble.

“No problem, boss.

Anything else?"

When Turner heard Fang Xiang say that he could get a high annual salary and bonus without doing anything, he instantly became happy.

You have to know that his annual salary alone was more than 80 US dollars. In the mid-s, when the US dollar had not yet begun to depreciate, this was basically a high salary that could be counted among the highest in the world.

"Great Wall Industrial will make some moves recently to acquire stocks and shares of several companies in Northern Europe, Southern Europe and North America.

If they need help, they will come to you.”

Fang Xiang thought about it for a while and felt that Alcatel and Nokia might not be willing to sell their shares so easily.

After all, buying their products is equivalent to giving them money, but buying their shares is probably extremely difficult for these two companies, which are now on the rise.

If the other party really refuses at that time, it may not be a bad thing to let these people from the securities company mess with the stock prices of these two companies.

As for Cisco?

It wouldn't cost much or require much effort.

Now Great Wall Industrial is taking US dollars and becoming their angel investor. It is so easy to acquire 30% of the shares with hundreds of thousands of dollars.

"Okay, boss.

Waiting for dispatch at any time."

Unexpectedly, Turner learned a sentence in Chinese when he left.

"What are you going to do with the money?"

After Turner left, Yin Qingqiu, who was sitting nearby and listening, asked.

"Don't worry, where is this money?

In less than two years, this money will at least triple again.”

Fang wanted to get up, walked to the window, and found that his son and daughter were no longer on the lawn.

The golden retriever, which was a few months old, was probably tired from playing, and was now sleeping soundly in a doghouse built just for it on the lawn.

"How did you know?

Can you predict the stock market?"

Yin Qingqiu suddenly became curious.

“No, I can’t predict the stock market, but I came back from the future and the answer is in my heart.”

Fang Xiang turned his head and looked at Yin Qingqiu with a smile.

This was the first time he told the truth to anyone else.

"Tsk... I won't believe you.

I don’t want to say it, so forget it. . . ”

Yin Qingqiu curled his lips, waved his hand, stood up and left the study.

It was obvious that she didn't believe it.

Fang Xiang was left standing there alone, watching Yin Qingqiu's slim figure disappear outside the study door.

Fang Xiang shook his head and smiled bitterly.