Reborn in Hong Kong as a Tycoon

Chapter 150 Making Money in the Financial Industry
In the evening, Lin Baicheng took his bodyguard and Isabella to Phil Smith's villa.

Phil Smith held a private party tonight and invited Lin Baicheng to attend, and Lin Baicheng took Isabella with him.As for the bodyguards, of course they can only wait outside on such occasions, and it is impossible to bring them into the party.

Phil Smith's villa is not in Beverly Hills, and the area is slightly smaller than Lin Baicheng's villa, but the difference is not much.

Lin Baicheng and Isabella arrived not too early, but not too late, the party was already in progress.

"Hey, Lin, long time no see, welcome to the party tonight."

Phil Smith opened his arms and hugged Lin Baicheng.

"Long time no see, Smith."

Lin Baicheng said and looked at the person who came with a wine glass: "Good evening, Mr. Thomas!"

"Good evening, Mr Lin!"

Goldman Sachs executive Wade Thomas was originally introduced to Lin Baicheng by Phil Smith, so it is normal for him to come to the party tonight.

"Lin, let me introduce you."

Phil Smith introduced to Lin Baicheng the guests who also came to the party. Among them was Tony Brown whom Lin Baicheng had met once, and the others were Phil Smith's business partners.

"This is Lin from Xiangjiang, and he runs a game company. The currently popular "Xiangjiang Cube" and "Pac-Man" are games developed by Lin's game company." Phil Smith then introduced to others Lin Baicheng.

"You can also call me Alan in English. Nice to meet you."

Lin Baicheng nodded to them. In order to facilitate dealing with Westerners, Lin Baicheng chose an English name for himself, which was just for address anyway.

Wade Thomas said with a smile: "The name 'Alan' symbolizes wisdom, and it matches you very well, Alan. You have achieved your current net worth in just one year. It is conceivable that you, Alan, must be extremely intelligent."

"Fortunately, I can only say that wisdom is the main cause, but there is more or less luck."

Lin Baicheng smiled and said that he was not humble, because he had consulted Isabella and knew that it is not necessary to be humble when dealing with white people, but it is very necessary to show strength.

"Alan, is your company developing a new game recently? Don't forget to notify me as soon as you develop a new game."

Phil Smith took two glasses of wine from the waiter who came over, and handed one of them to Lin Baicheng.

"Two games are currently being developed, and the results will be available in a few months at most. I will definitely notify Smith as soon as possible."

Lin Baicheng responded with a smile, and he was going to hand over all the arcade machines to the agent, except for Xiangjiang local area and Audaowan Island.Although this will save a lot of money, there is no trouble, and the payment can be received immediately. It is good to keep the current situation.

"Then I'll just wait for your good news, Allen."

Phil Smith's eyes couldn't help but brighten. The two games he represented Xinghe Games made him a lot of money. The current monthly profit is quite considerable, so he is looking forward to Xinghe Games' new games.

Although this does not mean that the new game of Xinghe Games will definitely be successful, but given that there are already two successful games, the possibility of the new game of Xinghe Games being successful is quite high.

After everyone chatted for a while, Phil Smith signaled that he had something to say to Lin Baicheng, so they went to one side and sat down.

Phil Smith, Lin Baicheng, Isabella, Tony Brown, and Wade Thomas are here, and the others went to other places to play out of interest.

"Smith, what's the matter?"

After taking a sip of his wine, Lin Baicheng took the initiative to ask.

"Is such that."

Phil Smith said: "Allen, don't you have long gold futures? I didn't do it at first, but because Alan you have a relationship with gold futures, I pay attention to the trend of gold prices. When the price of gold adjusted two months ago, I also took out an investment of 1000 million U.S. dollars and used triple leverage, and the cost of buying at that time was 183 U.S. dollars per ounce.”

"Congratulations, Smith, then you have made a lot of money."

Lin Baicheng raised his glass to indicate that he was lucky. Not long after buying gold futures a few days ago, the price of gold started to rise.In the morning, he asked Isabella and learned that the price of gold is now around $195 per ounce.

Phil Smith used triple leverage and made a profit of nearly 200 points of the principal, which is nearly [-] million US dollars, which is quite a lot.

"What is the little I earn?"

Phil Smith shook his head, looked at Lin Baicheng and said, "I remember Alan, when you bought it, the price of gold was less than 165 US dollars. Let's calculate it at the cost of 165 US dollars. That's an increase of more than 18%. You Using five times leverage, this is more than 90% of the profit."

Phil Smith is really envious. Lin Baicheng bought gold futures around November, and now it is the beginning of March. In less than four months, he has made more than 3% of the principal. After deducting handling fees, financing interest and taxes, that is also a huge benefit.

"If only there were so many profits."

Lin Baicheng waved his hand, looked at Wade Thomas and said, "Goldman Sachs is the most profitable one, okay? You don't have to take any risks at all. You can earn 3000 million US dollars just by financing interest. More importantly, my 9 million The dollar cost is still borrowed from Goldman Sachs. The annual interest is 27%, and it is 5700% after three years. That is to say, I will pay Goldman Sachs US$[-] million in three years. This is still the case that I will not raise money after Down."

That's how people in finance make money, otherwise capitalists in Western countries wouldn't all be squeezed into the financial industry.

"Alan, you can't say that."

Wade Thomas immediately said after hearing this: "If you think about it this way, you have already made such a high profit without paying a penny, and even the interest on the bank loan for three years is enough to pay. How can there be such a good thing in this world to use it casually without spending a penny of interest."

"Mr. Thomas said so."

Lin Baicheng smiled, and did not argue with Wade Thomas, as long as he knew whether he was making money or not.

"After the half-year deadline is up, Alan, if you still need financing, remember to contact me anytime."

Wade Thomas said again that for a person like Lin Baicheng who can make Goldman Sachs earn tens of millions of dollars, Goldman Sachs regards him as a good friend, and it is necessary to maintain the friendly relationship between the two parties.

Changing to someone who can't make Goldman Sachs make money, no matter how rich the other party is, it doesn't mean anything to Goldman Sachs, and it's not as important as Lin Baicheng to Goldman Sachs.One can make money for oneself, and the other can't make money for oneself. It doesn't matter who is important, it's clear at a glance.

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(End of this chapter)