Zhong Shi was also surprised, this is the central business district of Chicago, you can see rows of neatly parked yachts and sailboats downstairs, and this building is the tallest apartment building on Shijie, and most of the people living in it are working people in the city center.

Seven hundred and fifty thousand dollars, or two thousand five hundred dollars per square meter, was a lot of money in the early nineties, but for Zhongshi, it was not a problem at all.

He looked at the reaction of the white man in front of him, and after thinking about it carefully, he realized that 750,000 US dollars was not a small amount, and if he used a big 100-dollar bill, he would have to pack a large travel bag, and now he couldn't find a place to withdraw so much cash.

This is also why Zhong Shi has lived in the mainland for a long time, and he has to carry some cash in his pocket at any time in case of emergency, so he blurted out without thinking. In the United States, the most common payment method is a check.

Although houses in the United States are freehold, there is a fee to be paid every year, and this fee is the property tax, which can be as high as two percent a year in places like downtown Chicago.

"Checks? Open now? In front of the real estate agent and Linda, Zhong Shi said a little impatiently. He could also go to the wealthy areas further north to buy a house (house), but first, the space is too large, and it is a waste for him to live alone, and secondly, he only lived here for four years, and then returned to Hong Kong in '97, during which time in addition to paying property tax, he also had to hire workers to clean the lawn, swimming pool, etc., which would be a big expense. After much deliberation, he decided that it would be more convenient to find an apartment.

The real estate agent next to him was ecstatic and hurriedly took out the contract. Writing and drawing on it, he can get a lot of commissions for this transaction. And Linda, the representative of HSBC, didn't say anything, and she knew very well that the price was cheap enough.

After writing a check from HSBC for $750,000, the house was officially in Jongshi's name.

"Now that the deal has been sold, can I ask you who you are?" The middle-aged white man put away the check and put on a smiling face. He really wanted to know what the young man in front of him was doing, and how could he be so bold and generous.

His words immediately aroused the interest of the other two, and they also wanted to know how this young man could have so much money. He was the son of a wealthy businessman in Asia. Came to the United States for gilding. Linda was attentive, and it soon occurred to her that private banks were aimed at the wealthy businessmen themselves, although they would also take care of their offspring to some extent. But it will never be like an order from the Hong Kong headquarters. Treated to the highest standards.

"Huh. I'm just an ordinary college freshman who made a little money in the capital market. Bell Stone snorted and replied nonchalantly.

The white man's face turned blue. He could naturally hear the perfunctory meaning of Zhong Shi's words, but he still didn't give up, and continued to ask tentatively: "Capital market? In that case, let's go together, can you talk to me? ”

This kind of continuous conversation that intrudes on other people's privacy is already a kind of rudeness to a certain extent, but Zhong Shi understands that everyone has curiosity, and he doesn't mind revealing a little news: "Actually, it's nothing, I just occasionally bought some strange options in the market, and then made some money after executing." ”

"Options?" The white man's face showed a complicated look, and he was silent for a long time before he said leisurely: "Options are a good thing, especially stock options!" ”

"Oh? What's the story? Zhong Shi suddenly became interested, and asked as he spoke.

"In '87, I bought a lot of put options on high-quality stocks in CBOE, and I made my first pot of gold on that Black Monday, and I've been hooked on this trading variety ever since." As soon as he talked about the past, the middle-aged white man's face showed a proud look, "After that time, my friends and I launched a fund specializing in investing in stock options, and made profits through events, and then the Japanese stock market plummeted, and my fund bought a large number of short-selling futures index options, and the profit of that year even reached 80 percent......

Speaking of this, the middle-aged white man's face showed a look of fascination, but the next words were doubly surprising.

"Unfortunately, the good times didn't last long. During last year's European currency crisis, we lost a lot of money in the FX options market because we misplaced the pound. However, we then adjusted our strategy and shorted the French franc in large amounts, but what was even more surprising was that the French franc was not crushed under the attack of so many exchange funds, so that we lost a large amount of premium on foreign exchange options, the net value and management scale of the fund shrank significantly, and investors rushed to redeem their shares, and now the fund has reached the point where it has to be closed. If I hadn't wanted to continue in the options market, I probably wouldn't have sold this apartment. ”

After listening to the words of the middle-aged white man, Zhong Shi sighed in his heart. He knows very well that foreign exchange investment is definitely not something that ordinary funds and institutions can participate in, otherwise it will not even be enough to pay the interest on leverage.

Take the foreign exchange options mentioned by this middle-aged man as an example, because the premium of an underlying million-dollar foreign exchange American-style option cannot be priced, it is generally listed according to the proportion of the underlying amount, which may be in the thousands, and once the expected exchange rate is not reached, the money will disappear out of thin air.

More importantly, even if the exchange rate fluctuates in the expected direction, but it does not reach the point of recovering the option premium, it is still a loss, but it will not fall to the point of total loss.

For example, a middle-aged white man buys a sterling buy option in the market with a total underlying amount of $50 million. The exchange rate is set at 1.75 US dollars per 1 pound sterling for three months, because it is an American option, the option premium may be relatively high, and the transaction price is set at 100,000 US dollars (American options cannot be priced, and the option price fluctuates at any time according to market expectations), then if the exchange rate of the British pound against the US dollar does not rise above 1.75 at expiration, then these options will be invalidated, and the 100,000 US dollar option premium will be lost.

More importantly, on the options exchange, as the party that sells the long option and the party who buys the short option, must pay the corresponding margin to maintain the transaction from default, so that the calculation, plus the option premium, is a large amount. Naturally, if the option is not exercised, the margin will still be refunded.

Zhong Shi knew very well in his heart that if he didn't know the general trend of the future generations, he would probably lose a horse long ago.

"I'm going to go to New York and look for opportunities there, and I've heard that oil futures on the New York Mercantile Exchange are very active, maybe I might be able to make a comeback." The middle-aged white man touched the place where the check was hidden on his chest, and said with some reluctance.

"Crude oil?" Zhong Shi was suddenly shocked, remembering that the price of crude oil in later generations was often hundreds of dollars a barrel, whether it was in NYMEX (New York Mercantile Exchange) or IPE (London International Petroleum Exchange), the price of crude oil was far more expensive than now. If you can hoard a sum of crude oil now, the wealth converted by that time will skyrocket at least fivefold.

In addition to gold and silver, the things that can maintain the value of this shijie can count these non-renewable natural resources, such as copper, iron ore, crude oil, etc., which in later generations have skyrocketed in price due to increasing consumption and decreasing storage.

Inadvertently, Zhong Shi thought of the next hot spot for investment.

"The leverage ratio of futures is relatively small, and the price of the crude oil market has fluctuated violently recently, as long as I can grasp it, I believe that investors will soon reinvest in me." The middle-aged white man didn't notice Zhong Shi's absent-mindedness in the slightest, and still chattered.

"Set up a fund that operates exclusively in the crude oil market?" Zhong Shi was really shocked at this time, the man in front of him seemed to have entered a state of urgency, investing in either options or futures, all high-risk investment varieties, in case of a bad operation, he would end up in a situation where he lost everything.

However, he is smart and knows how to operate in the form of a fund, because no matter whether he makes or loses, he has a management fee to take.

"Sir, are you interested in investing in my fund? Maybe we can work together in some areas, and according to my plan, this fund will raise about $10 million initially. If you can vote, I can waive the management fee for three years, how about it? Seeing that Zhong Shi was a little moved, the middle-aged white man wasted no time in selling his yet-established fund.

He knew very well that he would not be able to get along in Chicago, and that the news of the liquidation of the fund would soon spread to the wealthy class in Chicago. When he arrives in New York, he can make a slight revision of his resume, and maybe he can swindle a lot of money.

Looking at the young man in front of him, he couldn't help but open his mouth to sell, this is an occupational disease. Generally, when hedge funds raise funds, investment banks generally lead the needle in it, and only those hedge funds that have made a name for themselves do not worry about a large amount of funds coming in.

After the European exchange rate crisis, hedge funds suddenly became famous in the market, all kinds of talents poured into the industry, and senior analysts from the investment banking department of Wall Street have set up their own hedge funds.

But not all hedge funds can succeed, in fact, there are not a few hedge funds that close every year, and some hedge funds even if they make a lot of money in a certain year, they may not be able to control it because of the expansion of the scale of funds, and finally they can't escape the fate of being redeemed by huge sums of money.

What the middle-aged white man didn't expect was that the young man in front of him was not only an extremely experienced investor, but also an investor in several of the most popular hedge funds at present. (To be continued......)

PS: Thank you for the monthly pass support of napoleon! Thank you for the source of life, the reward of the night dust! Today, Sunday, the author has one more chapter, otherwise I'm really sorry that the book friend a13702297 voted for the update again, xiexie support!