NOVEL WEB Chapter 34
Chapter 34: You’re truly the God of Stocks!
In this way, Lin Beifan silenced all voices of opposition and strongly supported the protagonist, Ye Xingchen.
Although everyone felt discontented, they didn’t know how to dissuade him.
Even Liu Rumei sighed.
After all, this was the first decision made by Lin Beifan. Regardless of how absurd it might be, subordinates cannot challenge the authority of their leader. This is an unspoken rule in the workplace.
The only time it’s acceptable to retrieve the funds is when the other party makes a mistake.
Afterwards, all departments followed Lin Beifan’s investment plan.
A total of 580 million funds, with 30 million kept as working capital, 50 million given to the protagonist Ye Xingchen, and the remaining 500 million invested in the stock market.
Then, silently making a wish.
“I wish for a return on investment of over 8% today!”
It’s not that he didn’t want a higher return, but the fluctuation range of the stock market was only about 10%.
Combined with the time it takes to buy stocks, it was impossible to achieve a return rate of over 10%.
“Ding! Wish successful!”
Lin Beifan smiled faintly, as it was time to reap the rewards.
There was also a surprise waiting for him.
On the other hand, the protagonist Ye Xingchen returned with excitement on his face.
“How can I make him lose even more?”
“It would be best if I could make him lose right after investing, and it should be a significant loss, leaving him no time to react!”
Ye Xingchen pondered seriously, realizing that stocks and bonds were not feasible as their decline was limited, with a maximum daily decrease of 10%, and they would surely react and employ stop-loss measures.
“So, it’s best to invest in futures, foreign exchange, gold, crude oil, and other leveraged products. And I should go against the trend and go all-in, so they won’t have time to react!”
“Decision made, I will short gold!”
Currently, the global economy is relatively weak, and the value preservation ability of gold is prominent, causing its price to rise steadily!
The upward trend is quite evident!
At this time, going long on gold means making money, while shorting it is literally seeking death!
With this in mind, Ye Xingchen immediately logged into the trading account provided by the company and used the 50 million funds in his account to short gold.
Because the amount of money is quite large, the bank only provided a margin of 10 times.
In other words, this 50 million could be used as if it were 500 million, allowing for a 10x increase in profits.
But if there’s a 10% loss, all the money would be lost.
This is the allure of margin trading – you can make a lot of money when you earn, but lose a lot when you lose!
“Just you wait and see how much I can make you lose!” Ye Xingchen thought maliciously.
Then, he went to find a place to rest.
He is a bodyguard as well as a driver, so as long as his boss doesn’t go out, he has some freedom in the company.
At this time, the employees of Lin Beifan’s department were nervously watching their computer screens, tracking the flow of funds and the return rates of the stocks they invested in.
Suddenly, they became excited.
“Quick, look! The stock of Ju Neng Bioscience has risen, with a increase of 3%! Look at the trading volume, the amount of funds has clearly increased significantly, and the momentum is very strong. It may surpass 5% today!”
“Wan Chuang’s stock has also risen, with a sudden increase of over 5%! I just monitored multiple institutions buying Wan Chuang’s stock, which means they have high expectations for Wan Chuang’s future!”
“Du Yun Real Estate has also risen, currently at 4%! There was just a piece of good news announced!”
“And Qicai Furniture City has risen too!”
…
Good news came one after another.
Under everyone’s attention, the stocks they bought were all showing gains!
The stock with the lowest increase had reached 5%!
And the stock with the highest increase had even hit the limit!
Everyone was excited and thrilled!
This was a great start!
Truly a strong start right from the beginning!
This news quickly reached Lin Beifan’s ears.
Already aware of the situation, Lin Beifan was also very happy. “Is that so? It seems today will be a bountiful harvest!”
Liu Rumei nodded excitedly. “Yes!”
An investment manager said with excitement, “Boss Lin, you are truly amazing! The stocks you chose have all skyrocketed. You’re truly the God of Stocks! My admiration for you is unending, like the surging river, and unstoppable like the flooding Yellow River…”
“Okay, stop flattering. I’m only responsible for overseeing the general direction, while the specific operations are done by everyone. So, this credit belongs to everyone!” Lin Beifan waved his hand modestly.
The investment manager admired him even more, and even Liu Rumei’s eyes sparkled.
Not being arrogantly proud, always considerate of subordinates – this is what makes a good leader!
At this moment, Lin Beifan had a thought. “By the way, where is our friend Ye? How is his performance?”
Liu Rumei sneered. “Him? Even not losing money would be considered a success for him!”
Even now, she still couldn’t stand Ye Xingchen. He didn’t look like a bodyguard at all, and he had no sense of self-awareness.
If it weren’t for Lin Beifan valuing him, she would have fired him already.
“Let’s go and see. Maybe he will bring us an unexpected surprise!” Lin Beifan smiled mysteriously.