ps. Present the May Day update, don't hurry up to play after reading, remember to vote for the monthly ticket first. From now on, you can enjoy double monthly passes for the 515 Fan Festival, and you can also take a look at other activities with red envelopes!

Chapter 311 Harvest

Anything can happen on Wall Street.

A moment ago, it was like a rainbow, but when a news channel and the Internet began to spread in some circles, it almost collapsed, and the price of LEM copper on the London Stock Exchange began to dive.

2700 broken.

2650 broken.

2600 broken!

Three extremely important technical thresholds were blown up by the bears without hindrance, and the stampede that was bound to cause a stampede caused by this caused an uproar and shock to the market!

The price plunge was futile and without warning, so when the copper price fell below 2650, the old Tony who stuck to the company couldn't help it, and when he saw that Fu Zhengyi's phone couldn't get through, he immediately called the driver to send him over, so Fu Zhengyi, who was sleeping, was woken up by the sound of slamming the door.

Let the shocked old Tony enter the door, Fu Zhengyi, who walked into the study in pajamas, turned on the computer, and then covered his mouth and yawned very sleepily, which made old Tony shake his head and couldn't help but speak. "Boss! The decline has begun without warning, and it has fallen below the key technical level of 2650 before I rushed here, and there is no clear news that such a decline is normal!"

"Tony, since the trend is starting to match our position expectations, why don't you wait until tomorrow morning to let me know?"

was so angry by Fu Zhengyi's question that he blew his beard and glared, and old Tony was speechless when he saw him slowly, so he had to take out the previous record to report the specific situation.

"That's good. The drop of more than an hour has reduced our account losses by nearly 60%, if we can continue to fall so deeply tomorrow. The profit of the position should be magnified!"

"How is it possible, a month's increase was swallowed up in an hour. If there is no clear negative news, then there must be something wrong with the exchange! I talked to my British counterparts on the phone, and they were also surprised by the strange trend of London copper, and asked if there was a mistake in the London Stock Exchange......

After listening to the situation report of old Tony, Fu Zhengyi coaxed his shoulders. "Then continue to wait, the trend is a reflection of the mentality of the traders behind it, this is an inevitable result of the synthesis, when the trend has reversed it must mean that something is happening, you and your British counterparts are not clear, but it does not mean that something has not happened. The transmission of information is lagging after all. Since the anomaly occurred near the close, there are only five minutes left before the market closes, so just be patient......"

Old Tony, who was completely speechless in response to justice, left in a huff.

The next day, before the market opened, there were finally some rumors in the market.

It is said that the U.S. Commodity Futures Trading Commission and the London Metal Exchange jointly announced that they were ready to take restrictive measures on the copper futures position of the Yuzhu Group, so the price of LEM copper futures on the London Stock Exchange fell deeply.

Once the decline begins, it is difficult to stop.

And then came the rumor that Yasuo Oniwa, the head of the metal trading department of the Tomozumi Group, would be forced to resign. Pushing the downward trend more and more out of control.

For those with large short positions, any reason to move copper prices down is good news.

But for clients with long positions, it is a doomsday disaster.

It's just three days. The plunge in copper prices has turned dozens of accounts opened by the three fund companies from losses to profits.

Knowing that history was still developing according to the memory of his previous life, Fu Zhengyi almost did not hesitate to inform the three fund companies to continue to invest the profits from his position. Expand its earnings in a profit-rolling manner.

Copper prices fell from $2,700 in May to $2,300 in early June, and the scandal over his unauthorized involvement in the London Stock Exchange's copper futures trading became an open secret in New York's financial industry. The Tomozumi Group had to announce on June 24 that the company had incurred huge losses, and as a result, it fired the head of its metal department, Yasuo Oniwa!

So the news that has been circulating in the financial markets for a long time has finally been confirmed. This has also become a footnote to the continuous decline in copper prices, and has given the final blow to the LEM copper price!

As a result, the price of copper plummeted from 2,165 24 hours ago to $1,860 per tonne, which made those miners and large traders who wanted to hedge finally unable to resist, so the ensuing panic selling was actually in the following days, smashing the price of LEM copper to 1700 per tonne!

Fu Zhengyi, who is based in New York, when the Youzhu Group publicly announced the dismissal of Tai Ting, in the name of the head office, asked the traders to leave the fund accounts after the copper price broke through 1800.

Although the number of traders is the smallest and the most operable funds are the fund company managed by Guo Jianmin, the fund company managed by Guo Jianmin has patiently waited until the copper price fell below 1730 before starting to close the position, and the final profit was as high as 14 times, and the funds of more than 50 million yuan became 700 million.

Although the [FL Americas Investment Management Company] managed by Tony Sr. has trained many experienced traders, because of his own prudence, the final profit of the fund account managed by him is only nine times, and the book capital after closing the position is less than 1.4 billion.

What surprised Fu Zhengyi the most was the [FL Foundation] set up in San Francisco, although its profit ratio was slightly lower than that of the London fund company, but because the investment of more than 300 million US dollars borrowed from David was the best time, so in the end, the book profit of the foundation plus the purchase of the [FL Americas Investment Management Company] closed-end fund, its total income reached an astonishing 4 billion!

After receiving the order to close the position, Smith and Tang Yan, a beautiful work-study student from the original [Proton Investment Fund], had the highest return ratio, and the accounts managed by the two were as profitable as 16 times, which made Xi Meiwen, who was in charge of supervision, excited and incoherent when she reported to Fu Zhengyi.

In just a few months, together with the funds borrowed from David, the three fund companies with a total investment of less than $600 million have left Fu Zhengyi with nearly $6 billion in cash in vain!

asked Xi Meiwen to pay off the funds borrowed from David in advance with interest, and sat down to start calculating the company's profits and the total amount of taxes to be paid, and soon fainted.

The capital gains tax in the UK is up to 40%, and the capital gains tax currently implemented in the United States is 28%, and the dozens of accounts opened by the three companies, only the account profits belonging to the [FL Foundation] are not taxable, and all the remaining accounts must pay taxes, otherwise once they are found, it will be a catastrophe of bankruptcy!

Knowing that he couldn't calculate the amount of tax payable in the current period, Fu Zhengyi asked Guo Jianmin and Tony Lao to go to a local accounting firm to count and calculate the tax payments of the fund companies they managed, so as to sort out the tax problem as soon as possible.

The simplicity of the transaction itself shocked the accountants who came to calculate but also rejoiced, because even if the profit amount is extremely amazing, the single tradable variety makes tax accounting very easy.

In the end, the British fund company managed by Guo Jianmin had a total surplus of 490 million, while the account surplus of [FL Americas Investment Management] was only 600 million, and the [FL Foundation] was in the tax holiday, so the final surplus carryover was as high as 3.8 billion!

When you have a lot of money, you naturally need to reward your employees and treat yourself.

After paying off the funds borrowed from David, Dream Media raised the capital to 500 million, and then paid off all the money for the cartoon produced by DreamWorks, and became a capital-based media parent company on the scale of almost the same as DreamWorks, ready to lay the foundation for future expansion, and will do preliminary planning for Candace's first film.

In San Francisco, Liu Meijia has received further capital injections into the Bayside Securities, which will allow her to have more autonomy and options, as well as easier access to bank allocation.

All the company executives involved in the operation received a check for $300,000 and two months of free leave.

Traders at the grassroots level, according to their contributions, received bonuses of varying amounts that would definitely make the envy of traders of the same level turn green.

Smith, the former manager of the [Proton Investment Fund], Tang Yan, a beautiful work-study student, and Sriver, a former Canadian wanderer with a team, all received a special reward of 150,000 US dollars and a ten-year employment contract with good salary.

Of course, 5 percent of the original profit was used for charity, and this money must not be saved.

As a result, the Charity Association under the FL Foundation has received nearly $300 million in funding, which will provide more free assistance to developing countries and help more people in need.

What to do in the future, Fu Zhengyi didn't have a specific idea for a while.

In his opinion, whether it is cash holdings or early investment in future large-scale Internet companies, he has now entered the formalization of the company.

Even if he doesn't do anything now, and deposits all the cash he currently uses in the bank, the annual interest income will be enough for him to live a life of poverty and luxury.

It's just that the United States is not Fu Zhengyi's home, so his attention to the Tai Ting Tai Nan who was announced to be fired has not decreased because of his increased value.

The Japanese team responsible for monitoring Oina was able to obtain clear photographs of his son, Oiwa later on the day of his dismissal and arrest, and continued to monitor his whereabouts so that more evidence could be obtained.

I didn't think that I should retire before I was twenty years old, so after dealing with these things, Fu Zhengyi locked himself in his apartment to make his future development plan, and decided to buy shares of companies that are growing rapidly, operating steadily, and worth holding for a long time in the form of capital participation, so that the amazing funds on the books can be put into action......

[Thank you for your continued support, this time from the 515 Fan Festival of the Writer's Hall of Glory and the General Election of Works, I hope you can support it.] In addition, there are some red envelopes on the Fan Festival, get one and continue the subscription!] (To be continued.) )