Reborn as a tycoon in Hong Kong

Chapter 150 The profitable 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, so Lin Baicheng took Isabella with him. As for the bodyguards, naturally they can only wait outside for such occasions and cannot be brought inside the party.

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

Lin Baicheng and Isabella arrived not too early, but not too late either. 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 man coming 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 Lin Baicheng to the guests who also came to the party, including Tony Brown, whom Lin Baicheng had met once, and several others who were Phil Smith's business partners.

"This is Lin from Xiangjiang. He runs a game company. "Xiangjiang Cube" and "Pac-Man" that are currently on the market are both games developed by Lin's game company." Phil Smith later introduced to others Lin Baicheng.

"You can also call me by my English name Allen. Nice to meet you."

Lin Baicheng nodded to them. In order to make it easier to deal with Westerners, Lin Baicheng gave himself an English name. It was just for address anyway.

Wade Thomas said with a smile: "The name 'Allen' symbolizes wisdom, and it matches you very well. In just one year, you have achieved your current net worth. I can imagine that you must be extremely intelligent, Allan."

"It's okay. I can only say that wisdom is the main reason, but there is still some luck."

Lin Baicheng said with a smile, not modestly, because he had asked Isabella for advice and knew that there was no need to be modest when dealing with white people, and it was very necessary to show strength.

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

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

"We are currently developing two games. The results will be available in a few months at most. I will definitely notify you Smith as soon as possible."

Lin Baicheng smiled and agreed. Except for the local arcades in Xiangjiang and Aodaowan Island, he planned to hand over all arcades to agents. Although you will make a lot less money this way, you won't have any trouble and you can receive payment as soon as possible. Just keep the current situation like this.

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

Phil Smith's eyes couldn't help but light up. He made a lot of money by being an agent for two games of Galaxy Games. The current monthly profit is quite considerable, so he is looking forward to the new games of Galaxy Games.

Although this does not mean that the new game of Galaxy Games will definitely be successful, it is just that since there are already two successful games, the new game of Galaxy Games has a high probability of success.

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

Phil Smith, Lin Baicheng, Isabella, Tony Brown, and Wade Thomas are here, and the others have gone to other places to play.

"Smith, what's the matter?"

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

"Is such that."

Phil Smith said: "Alan, don't you do long gold futures? I didn't do it at first, but because of Alan, you are doing gold futures, so I paid attention to the trend of gold prices. When the gold price adjusted somewhat two months ago, I also invested US$10 million and used triple leverage. The buying cost price at that time was US$183 per ounce.”

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

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

Phil Smith used triple leverage and made a profit of nearly 20 points on his principal, which is nearly 2 million US dollars, which is quite a lot.

"What do I earn?"

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

Phil Smith is really envious. Lin Baicheng probably bought gold futures around November. Now it is early March. In less than four months, he has made more than 90% of the principal. Even if After deducting handling fees, financing interest and taxes, it is also a huge benefit.

"It would be great if there were so much profit."

Lin Baicheng waved his hand, looked at Wade Thomas and said: "Goldman Sachs is the most profitable, okay? You don't have to bear any risks. You can earn 30 million US dollars in financing interest alone. More importantly, my 100 million The dollar cost is still borrowed from Goldman Sachs, and the annual interest is 9%, which will be 27% in three years. In other words, I will have to pay Goldman Sachs $57 million in three years, and this is after I no longer raise funds. Down."

This is how people in finance make money, otherwise capitalists in Western countries wouldn’t all crowd into the financial industry.

"Ellen, you can't say that."

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

"That's what Mr. Thomas said."

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

"After the six-month period is up, if you still need financing, Allen, please remember to contact me at any time."

Wade Thomas once again said that for people like Lin Baicheng who can make Goldman Sachs tens of millions of dollars, Goldman Sachs considers them good friends and needs to maintain a friendly relationship between the two parties.

If you change it to someone who cannot make Goldman Sachs money, no matter how rich the other party is, it will be meaningless to Goldman Sachs. It is not as important as Lin Baicheng to Goldman Sachs. One can make money for himself, and the other cannot make money for himself. There is no need to say who is more important, it is clear at a glance.

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