Reborn as the youngest son of a chaebol, let's get to know his sister-in-law!

Chapter 444: Sign the contract and prepare to make a lot of money!
Chen Daojun said to Rachel:

"Are you nervous because you spent half the money?"

"No, I just want to say that your prediction may not be right."

"Then make a bet with me?"

Chen Daojun said with a smile, but Rachel still didn't relax her stiff expression.

"I want to maintain my consistent beliefs. As an investor, I don't want to gamble. I support investments as long as they can generate stable and stable income. I have convinced most of my customers that they also support my idea and agree to exit the mortgage loan." Supported the securities, but he didn’t want to gamble, and that was the path I took at their request.”

Rachel wanted a conservative, not a moneymaker.

"Well, I also support your management style, so please continue to be the CEO of Zhuri."

This is real.

New York City is the safe deposit box used to store his money.

What Chen Daojun wants is not investment returns, but to let his assets on Wall Street expand little by little and inconspicuously.

Of course, the Daily name would thrive on Wall Street because of this bet.

Chen Daojun knew Rachel's uneasiness.

This is because she realized that the moment Dojun invested a large amount of money in the precarious financial market of Country M was the beginning of the economic collapse.

"Everyone, please remember that we are signing credit default contracts at the same time. If we sign the contracts one by one, someone will definitely come directly to review our contracts out of curiosity. We need to get rid of them all immediately before the information is leaked. .”

Chen Daojun could see the people holding the contract holding back laughter, as if they felt ridiculous.

In their minds, as long as such a stupid contract is put on the market, it will be popular anytime and anywhere, and no one will doubt or investigate. That is what they really think.

"It's Friday morning in New York and Friday afternoon in London. As long as you get these contracts done at any time, you can enjoy the weekend there."

The silent smiles on the faces of those who were sent to London quickly spread.

Because the task is not difficult, just like a business trip on vacation, everyone can easily sign a contract with someone else and enjoy the entire weekend before coming back.

They set off cheering.

Chen Daojun finished all the preparations and was drinking with Rachel in a small bar waiting for Friday.

"How much is each contract worth? What is the total investment?"

Rachel asked, licking her lips with her cocktail.

"I set the insurance rates a little high, and some of them, maybe a little bit now, are feeling this crisis, and we have to pay enough to take that anxiety away."

"What percentage? How long?"

"Minimum 4%, maximum 7%, 5 years."

"What... According to your opinion, there should be no difference between 5 years and 10 years, right? After all, 2008 is next year."

Rachel smiled to herself.

"Yes, we only have to pay the premium for one year."

"What's the total amount?"

"About US$85 billion, with an average premium rate of 10%..."

"You made 85 times $10 billion on this bet, $850 billion?"

The bartender who was refilling his drink frowned and turned around when he heard this.

Unscrupulously discussing the control of a huge sum of money in a bar, the middle-aged woman and young Asian man in front of me talked like nonsense.

In fact, that sounds like bullshit to me too.

850 billion US dollars, 85 trillion won.

Unrealistic numbers look to me like ciphers or digital signals with lots of circles.

"Do you think Wall Street can pay $850 billion?"

She thought for a moment and opened her mouth.

"Right now, interest rates are low enough that there won't be any problems, but next year, I think you'd be concerned that the amount would be too high."

"Our funds have been dispersed to London and New York and should be safe."

“Are you going to catch or beat Warren Buffett next year and are you going to sit down and be the richest man in the world right away?”

"Just like my wealth has not been disclosed, there are invisible rich people in this world. Therefore, next year's Forbes rich list will still be No. 1 Warren Buffett, and No. 2 will be Bill Gates."

Hanguo Zaibatsu is also a hidden group.

The personal wealth of some people is reported to be 3 trillion or 4 trillion won, but after using companies worth hundreds of billions as safe deposit boxes, who knows how much money they have hidden?
“My whole life has been buried in numbers, but it’s even confusing to see numbers that cross the boundaries of thinking appear in front of reality.”

Rachel emptied the cup again, rolled her eyes, and suddenly asked:
"If, I mean if you do make money, what are your plans for the money?"

Of course!
However, Chen Daojun couldn't tell this woman.

"My grandpa once said."

Rachel's gaze turned to Dojun as she stared at the glass.

"The purpose of money is to make money. Don't think about where to spend it. In life, there will always be a time to spend money. Then you can worry about how to spend it."

She laughed quietly.

"As expected, you found another reason to reject me. Isn't your grandfather also very rich?"

"Yes, but if he were still alive, he would be very surprised that he never made $8.5 million in a year, while I could potentially increase the value of that number 100 times."

“Do you want to be the richest man in the world in the next few decades?”

"Didn't the Rothschild family make enough money to buy the entire England because of Napoleon's failure in the Battle of Waterloo?"

Rachel shook her head.

"This is a story based on a conspiracy theory. I just made a lot of money by investing in government bonds. Even at the current market price, the accumulated funds did not exceed $10 billion."

The US$10 billion earned by the Rothschild family is, after all, taxes from the French people, and the money Chen Daojun wants to earn also comes from the pockets of citizens of Country M.

At least he was not a citizen of Han Country, so he felt very relaxed.

Goldman Sachs Group is an American investment bank and the largest company in the global financial market. It was originally a note trading company founded by Marcus Goldman, a German Jew, and has dominated the financial market in the 21st century.

The Group has more than 23 employees in 50 offices in 30000 countries, regardless of borders or currencies.

During the period of the two presidents of Country M, people here served as the Minister of Finance. There is even a saying from the Finance Minister Academy of Country M, which issued various regulations and gave wings to Goldman Sachs.

They manipulated the financial accounts to allow Greece to join the EU and are therefore considered to be the main culprits of Greece's bankruptcy and the European financial crisis.

Yet the company symbolizes the evils of neoliberalism and finance capital because it makes huge profits in the process.

Finally, on Friday morning, standing in front of Goldman Sachs' headquarters, Chen Daojun thought about the company's future.

Even if due to the financial collapse of Country M, nearly 600 million citizens of Country M have lost their jobs, and nearly [-] million citizens of Country M have lost their homes, it has nothing to do with the executives of this building. They can still receive hundreds of billions of won in dividends, receive dividends, and drink Pop champagne.

In country M, a bankrupt company must be rebuilt with the people's bloody taxes no matter what.

Chen Daojun stood in front of the building, his heart racing.

"Let's go."

His subordinates swallowed and followed him. The nearly tens of billions of dollars in contracts made him very nervous.

"These crazy bastards..."

As soon as he entered the hall, Han Yu's dirty words came out.

The halls of Goldman Sachs are filled with stuff more expensive than a luxury furniture store in Nonhyeon-dong.

The marble on the floor and walls is okay, but who would have thought of using marble on the reception desk?
The chairs prepared for people waiting in the lobby are also luxury goods worth more than 100 million won.

Dozens of these chairs are lined up like a subway station.

When Dojun followed him into the conference room, three people were already waiting for us.

There is one supervisor and two managers.Their eyes were shining, looking at Chen Daojun greedily.

"If you really want to do this, I won't stop you, but from a polite and moral point of view, I think there is something I need to tell you."

Chen Daojun looked at the youngest man who had been promoted to the top of the company and said with a smile.

"please say."

"I want to change the contract I signed two years ago."

From this point of view, he must be one of the people with good vision that Rachel said.

"The contract signed two years ago required monthly premiums. Initially, the premiums were very low, but as the price of mortgage-backed securities increased, so did the premiums. Now we have to pay 10% of the premiums. We are paying Take huge losses.”

“So, you’re saying we want to do it on a monthly basis instead of a yearly basis?”

"No, I'm just letting you know that if you believe the rumors about mortgage insolvency, you're going to lose a lot of money."

"Did you know that starting this year, mortgages will have variable interest rates? When delinquency rates increase, do you think insolvency won't happen?"

Chen Daojun wanted to see what they were trying to do and whether they were trying to hide the fact that he was insolvent.

"Mr. Chen, securities are not loans. AAA ratings are basically mixed with some bad loans, but this does not hinder the fact that it is a good financial product. AAA-rated securities make up for the losses caused by B-rated securities, right? ?”

"Now, the government is also making some adjustments to housing prices, because housing prices are now at a high point and have not collapsed yet."

One of the managers also spoke quietly.

"I understand where Goldman Sachs is coming from, but I decided to stick with my opinion. Oh, of course, thank you for the information."

The young executive shrugged and clasped his hands.

"So, should we take a closer look at Zhuri's proposal?"

The three of them opened the content prepared daily and browsed through it in an instant.

"In the summary, the product analysis part is very good. After all, this is a day-to-day business."

"As long as both of us can agree on two things, the contract can be signed."

Looking at the satisfied faces of the three partners, Daojun slowly opened his mouth.

"Even if it's a monthly insurance payment, I'm okay with it. In addition, Wall Street has a precedent for premium conditions, so we will likely follow this approach."

The team leader who came with him looked at Chen Daojun with a worried look.

With a premium, when the value of the security rises, the premium to be paid rises sharply.

Insurance premiums may soar to levels they cannot afford.

Dojun nodded slightly towards the team leader.

This was a sign of relief, but the concern on the team leader's face did not disappear at all.

"Based on this, we still have a pleasant time cooperating, right? Haha."

Before the young executive could finish laughing, Chen Daojun made another condition.

"Again, there is precedent, so insurance is 4.8%."

The other person smiled, but disapproved.

"Oh, the same conditions as two years ago? Is it a little difficult?"

"Why is it difficult? If the value of the housing security deposit has decreased, the risk has increased, then the insurance premium should also have increased, but hasn't the value of the policy increased steadily from two years ago? Doesn't this mean that the risk has decreased? Even if it is the same There seems to be no problem with the conditions...?
The three people across from each other started whispering to each other after hearing Chen Daojun's remarks for the first time.

After a moment, one of them cleared his throat and said.

"What do you think is an appropriate ransom?"

"It sounds like you're willing to accept my terms based on the amount?"

"Of course, if it's over $1 million, I'll sign at 4.8%."

nice!

Chen Daojun breathed a sigh of relief. If it was 5%, no, even 6%, he would accept it.

There are few places like Goldman Sachs that can absorb large amounts of money at once.

"Oh, the rest of the problems are solved in one fell swoop."

Seeing Daojun's bright smile, the three of them all showed doubtful expressions.

"Since it is US$40 billion, can't the entire amount and insurance rates be arranged at once?"

They were surprised by the huge number of Daojun's insurance amounts, and also saw the huge rate revenue, 40% of US$4.8 billion, or US$2.16 million.

And just a little bit is enough for them to achieve financial freedom. At this time, Chen Daojun is the God of Wealth to them.

The team leader who came with Do-joon kept sending and receiving text messages.Employee visits to other financial institutions are being viewed in real time.

Dojun wrote the number in the blank space of the thick contract.

4.8% and $40 billion.

The moment the contract was signed, Daojun and the three partners all laughed.

Contracts that both parties are very satisfied with are not common in investment banks.

Dojun pushed away his chair and stood up, shaking hands one by one.

"It's all under your control."

At this time, the team leader who came with Dojun whispered in my ear.

"All 26 locations, including London, have successfully signed contracts."

Looking at Daojun's brighter smile, a young Goldman Sachs executive said.

"Looks like you have some good news."

"Yes, the good news is, we signed a very good contract."

"Ah, congratulations, can you give me a hint?"

"You'll soon find out, with a contract like this, it's hard to hide it anyway, there are no secrets on Wall Street."

“You should keep your eyes open, every day is known for its successful investments!”

After Daojun signed the contract, he felt very relaxed because it was notarized directly by a lawyer and the contract was now irrevocable.

Do-joon gave Goldman executives some tips.

"Our Zhuri is well-known at home and abroad for its successful venture capital cases. In this way, the contract signed here today can also be regarded as a successful case of our Zhuri Investment Company?"

Daojun gently shook his hand, which contained the thick contract terms that both parties had signed.

"Our success means their failure and it's very rare to have a successful contract that satisfies both parties, right?"

The smiles disappeared from the faces of Goldman Sachs executives.

As the saying goes, whatever you are afraid of will come to you. Does Chen Daojun have any inside information?

Chen Daojun thought of what could be called the most terrifying nightmare when the real estate market in Country M collapsed. Although the possibility of such a bad thing has been reduced to a minimum, who can guarantee that it will not happen?

"Well, time will tell for whom this deal works out..."

Daojun left the meeting room behind a group of doubtful guys.

Looking up, the sunny New York sky is even more beautiful today.

"Shall we go get lunch? How about a nice hot dog and hot coffee?"

Dao Jun led Zu Hang, who looked anxious, towards the dining car at the corner.

That afternoon, all employees of Zhuri Company received generous bonuses and were allowed to leave early.

Daojun wants to share a little bit of his happiness.

(End of this chapter)