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Chapter 339 - 339 328 Shorting GreenbacksJapanese Yen
Chapter 339 - 339 328 Shorting GreenbacksJapanese Yen
?Chapter 339: Chapter 328 Shorting Greenbacks/Japanese Yen Chapter 339: Chapter 328 Shorting Greenbacks/Japanese Yen Lu Jiaxin opened foreign exchange accounts with HSBC, Standard Chartered, and Worldwide Precious Metals at three banks, originally wanting to disperse risks, but later figured that with her modest capital, it was entirely unnecessary.
After selling off her stocks, Lu Jiaxin converted all her money into greenbacks, a total of thirty million. She had the best impression of the manager at HSBC, so she deposited all her money into this account.
After transferring the bulk of her funds into her HSBC foreign exchange account, only one point six million Hong Kong Dollars remained in Jiaxin’s commonly used account. However, her largest monthly expense was rent, which had already been paid for a year, and the rest was living expenses and the bodyguards’ salaries, which could last her for most of a year.
Wu Ziyue was astounded when he heard her request, “Leveraging thirty times to short the greenbacks/Japanese Yen, Miss Lu, if you short thirty times, just a 3% rise in the exchange rate will blow up your position, and you will lose everything.”
Over the past half a year, Lu Jiaxin also had him help with foreign exchange speculation, but there were only six hundred thousand greenbacks in the account. There were losses and gains, but it roughly broke even over six months. Suddenly speculating with such a large sum and with such high leverage, he genuinely felt overwhelmed.
Lu Jiaxin said, “Speculating in foreign exchange is basically gambling, so I might as well gamble big. Manager Wu, if you can’t do this deal, then I’ll go to another bank.”
Wu Ziyue still tried to dissuade her earnestly, saying that even if she wanted to speculate on greenbacks/Japanese Yen, she couldn’t use such high leverage; ten times was already very high. But no matter what, Lu Jiaxin would not be swayed.
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