Chapter 29: Do you want to short the ruble?
When Zheng Zhiguang heard this, he felt that there was a chance, and immediately acted more enthusiastically: "So, I personally want to recommend Mr. Lu to use this money to make money. Recently, the Internet concept stocks on the Nasdaq are very hot. I wonder if Mr. Lu is interested in investing and making your assets continue to increase in value?"
Lu Yiming was speechless after hearing this. Has the promotion of financial management become so crazy since the 1990s?
Directly advise clients to invest in the extremely risky Nasdaq U.S. stock market?
Those who play with finance have dirty hearts!
However, seeing Zheng Zhiguang being so enthusiastic, Lu Yiming suddenly had an idea. He happened to be very interested in the U.S. stock market, so he asked Zheng Zhiguang to briefly talk about the specific market conditions of the U.S. stock market. After all, these days, domestic information is blocked, and it is not so easy to understand what is happening outside.
"Tell me, how do you get angry?"
Seeing that Lu Yiming took the bait, Zheng Zhiguang became even more excited and began to talk incessantly about the current US stocks and the Internet wave.
In the banking and insurance industries, recommenders of clients to make transactions will receive kickbacks, and they do so in a legitimate way. These kickbacks are generally called transaction commissions or service fees. In addition to these, there are all kinds of other tricks, such as asset management fees, referral fees, and so on.
In short, it doesn’t matter whether the clients who invest in financial products make money or not. Anyway those who are involved in finance will make a commission directly.
Those with good performance can even get promotion and salary increase.
The basic salary of bank employees is actually not that high. What is really high is the bonus. Moreover, there is no upper limit to the bonus. How much you can earn depends entirely on your ability.
Therefore, seeing that Lu Yiming was a fat sheep with a huge amount of money at such a young age, Zheng Zhiguang couldn't help but take action.
Zheng Zhiguang recommended several stocks to Lu Yiming, all of which were Internet companies founded in Silicon Valley and listed on NASDAQ.
After reading it, Lu Yiming realized that he had never heard of any of the companies mentioned above. There was no doubt that they all failed to stand the test of time and died in the upcoming Internet winter of the millennium.
That's it, why buy a hammer?
It turns out that swindler is a profession with a long history!
As Lu Yiming who truly lives in the Internet age 20 years later, although he can't remember the numbers of every issue of the Double Color Ball, he can always guess some obvious pitfalls without remembering them.
If Lu Yiming bought the Internet stocks recommended by Zheng Zhiguang, he would lose all his US$300,000 in less than a year.
If I really follow Zheng Zhiguang's advice to invest, I'm afraid I will turn into a boy who brings money and lose everything.
"Okay, stop talking."
Seeing that he could not get any useful information, Lu Yiming decisively waved his hand to interrupt Zheng Zhiguang's endless chatter and made another request: "To be honest, I have a comprehensive plan on how to use this money, and I have never thought about saving it. I now have a big plan to make money, but I am still short of an executor. How about it? Are you interested in helping me?"
Zheng Zhiguang failed to successfully capture the fat sheep in front of him, and felt it was a pity in his heart.
Hearing Lu Yiming's tone, he was a little suspicious at first, but when he thought that Lu Yiming was a man who could easily take out $300,000 in cash, he immediately put away his suspicion and asked tentatively: "What does Mr. Lu want to invest in?"
Lu Yiming, however, was determined to shock people with his words, and only said two words: "Ruble."
"ruble!?"
Li Yiwen, who was standing nearby, couldn't help but interrupt and exclaimed: "Isn't the ruble the currency of the Russian bear country?"
Zheng Zhiguang's face changed, and he couldn't control his emotions: "Mr. Lu, do you really want to invest in rubles?"
"Technically, I want to go short. What do you think?"
Zheng Zhiguang shook his head and smiled bitterly, then replied bluntly: "Honestly, I think you are crazy !"
"In this world, the people who can really make a lot of money are either gamblers or lunatics, or both."
Lu Yiming did not comment on Zheng Zhiguang's evaluation, because to him, what was in front of him was a gamble whose answer was already anticipated.
And he already had the winning streak in his hands, so naturally he dared to give it a try.
Out of professional ethics, even though he felt that Lu Yiming's decision was a model of arrogance and ignorance, Zheng Zhiguang still reminded him: "Although the Russian bear is now in a state of decline, it is still a country. You only have 300,000 US dollars in your hand, and you want to short it. Aren't you afraid of losing everything? You should know that the risk of playing this game is very high. Once you mess up, the compensation will be a bottomless pit. You must think it through."
Hearing this, Lu Yiming nodded, acting very casually: "I've thought it through a long time ago. It's just 300,000 US dollars. It's okay to play around. At worst, I can make more money after losing it."
This amount of money may be something that many ordinary people cannot earn in their entire lives, but for Lu Yiming, it is just plucking a few hairs from the richest man, and he can just plucking more when there is nothing left.
Looking at Lu Yiming's arrogant attitude in front of him, Zheng Zhiguang was speechless, but facing the olive branch thrown by Wang Yi, he accepted it without hesitation. After all, it was not his money that was lost.
"Since Mr. Lu has thought it through, I won't say anything. I'll take the job. When do you plan to start? Do you need to raise funds or increase leverage?"
Regardless of whether Lu Yiming makes money or not, he will charge a service fee anyway. There are always people in this world who are tired of living and want to commit suicide. He doesn't care about all that.
"Can you add leverage when trading foreign exchange? Well, give me a 10x leverage first."
Upon hearing this, Lu Yiming's brows immediately lit up with joy.
Although I had traded stocks in my previous life, I was treated like a leek and was chopped off again and again, which made me exhausted and miserable.
However, back then, people were all playing with A-shares, but now we are starting with Hong Kong stocks and also playing with foreign exchange. The situation is naturally different. Lu Yiming didn’t even know that this could be leveraged.
When Zheng Zhiguang heard Lu Yiming asking for ten times the price, sweat broke out on his forehead. He began to wonder whether it was a wise choice to agree to cooperate with Lu Yiming.
Although this is a paid service, if Lu Yiming loses everything, who will pay the fees?
The leverage is ten times right from the start. Is this guy a fool?
Although the profit can be tenfold, the loss can also be tenfold. If the price of the ruble rises by 10%, the position will be liquidated immediately.
"Mr. Lu, can you please be more rational? How can you get ten times the amount right away? Besides, your capital limit and credit limit do not meet our bank's funding conditions for the time being."
Zheng Zhiguang wiped the cold sweat from his forehead. Talking with someone like Lu Yiming made him very tired.
