The vast majority of the profits withheld are located in the Port City branch, so as to avoid paying taxes to the Federal Inland Revenue Service, and the United States has a long history of overseas profits not being repatriated, so there is no need to pay taxes for the time being.

Although his private equity company is called "San Francisco", its actual registered address is the British Cayman Islands.

This place and the port city belong to the same British colony, the flow of funds is more convenient, the financial management of the first two months by Chen Linzhi was handed over to KPMG accounting firm, the establishment of the enterprise structure, also sought professional advice.

In this way, the profits are still kept overseas, but they can be used to speculate in foreign exchange futures contracts in the U.S. market, and then take the money overseas when they make money, which can save a lot of corporate income tax.

In fact, Chen Linzhi has already begun to consider getting another passport and going to Singapore, Hong Kong City and other low-tax areas to apply for a second household registration, so that it is convenient to keep the money in his own hands.

Ordinary people don't need to worry about personal tax, inheritance tax, gift tax, etc., judging from the growth rate of his wealth, it is necessary to take precautions as soon as possible.

When I woke up, I found that the yen had risen sharply, and I had a good mood at the beginning of the day.

After hurriedly eating noodles, pork liver and egg skin with green peppers, Chen Linzhi drove a Ferrari to the company.

Since his private equity fund is still traded through agents, the formalities are quite convenient, and the purchase and sale consultation can be handled with a single phone call.

After meeting with several employees who went to work early, Chen Linzhi asked them to deliver a few orders with small leverage as soon as possible, and continue to buy yen futures contracts with the repatriated funds.

Buy only when you are bullish, hold it in your hand and wait for appreciation, and as for bearishness, it is another set of processes, mainly selling in advance to cash out, and then buying back to close the position after the fall.

Quickly processed this order, with a total of more than 1.8 million US dollars, leveraged the contract amount equivalent to about 300 million US dollars, and then wanted to increase the need to call a large amount of margin, so as to avoid uncontrollable default risks, Chen Linzhi's account was put on hold with more than 500,000 US dollars, just in case.

This is already gambling, holding a Japanese yen futures contract worth nearly $300 million, even a small fluctuation may trigger the system to force liquidation.

Usually, the exchange rate fluctuations are not large, but the current situation is special, as long as the yen depreciates by more than 0.8 percent, it means that Chen Linzhi's total of more than 2 million US dollars is gone, and the yen has risen rapidly this night.

Chen Linzhi chased the rise, and it was inevitable that he was extremely nervous.

His subordinates were also worried, each of them would have to work for 200 years to earn so much money based on their current income.

In the past, I often heard who played futures, making money like a strong wind, Chen Linzhi really opened a position and held so many contracts, only to find that the psychological pressure brought was not ordinary, it was in the active trading period, he just went to the bathroom, and more than 60,000 US dollars were gone.

The employees were busy learning about the details, and Chen Linzhi went to the office of the trading company downstairs to call the accountant of the branch office to send money early tomorrow morning, and the difference between San Francisco and Port City was 16 hours, and Port City was in the middle of the night.

It is estimated that the accountant of the branch has already beeped the dog, who will be comfortable when he is woken up by the boss twice in a row at night?

There is no smoke in the foreign exchange futures market, but there is no blood everywhere, and this shock alone is enough for countless bearish speculators to force liquidation, and the loss is gone.

Compared with some capital giants, Chen Linzhi's money is far from exaggerating, and some traders on Wall Street can trade hundreds of millions of dollars in principal, which is really amazing, and a thousandth of a fluctuation involves tens of millions, or even tens of millions of dollars.

Chen Linzhi's capital is limited, and it is not bad to be in the retail investors, but it is simply unsightly compared with the big ones.

Watching real-time quotes will be addictive, as if you are opening cards and gambling all the time, patiently staying in front of the computer, not wanting to do anything, patronizing the refresh screen to see the latest electronic exchange rate quotes.

By the time it was more than 10 o'clock in the morning on the West Coast, Chen Linzhi's more than 200,000 US dollars had been lost, which made his employees begin to suspect that the bears had lost miserably, and tried to recover the losses.

Chen Linzhi doesn't think so, since the news of the five countries manipulating the US dollar exchange rate has become an almost definite fact, everyone can see that the US dollar will fall and foreign currencies will rise.

He felt that the slow decline was more like a move by the bookmaker to absorb chips, and the turnover in the foreign exchange market today was staggering, indicating that countless funds were pouring in.

Staring at the more than $200,000 lost in the morning, Chen Linzhi was not satisfied with 200 times leverage, and began to let people use the more than $500,000 to buy 400 times the yen futures contract, both in the long and short term.

In the foreign exchange futures market, the size of leverage is not the key, the focus is on how much principal and how much capital to leverage.

Chen Linzhi's approach is equivalent to a full position, even his traders, they think that this is simply suicide, in case of a fall, unable to cover the position to lower the average price.

Listening to their persuasion to be calm, Chen Linzhi acted indifferent, and told that on the evening of local time today, more than 3 million yuan would be transferred to the company's account, and more could be taken out if necessary.

Like many novices who have just learned to gamble, Chen Linzhi is difficult to calm down.

He only knows the general trend of the yen rising, and when people mention the future local bubble, they can't avoid the beginning of the "Plaza Accord", but what is the trend in the short term, Chen Linzhi is as blind as others, and it all depends on luck to gamble.

If you're lucky, you'll have a chance to become one of the multimillionaires.

But if luck is a little bit back, it is likely that before the agreement is officially signed, Chen Linzhi will already go bankrupt due to two or three violent fluctuations.

After thinking about this, he secretly drew a line in his mind and only accepted a loss of three million dollars at most.

Thinking that if it doesn't work, the gecko will cut off its tail directly, go back honestly to be the fallen master, make a fortune step by step, and learn to be steady and steady.

Around half past ten.

Not long after the trader in charge called, he refreshed the page again, and the total amount of yen futures held had skyrocketed to more than $490 million, a small fluctuation of 1/10,000, involving more than $4,900.

The average price of the yen rose slowly for more than half an hour, and fortunately recovered the loss of more than 200,000 US dollars and made more than 9,000 US dollars.

Chen Linzhi breathed a sigh of relief for this, almost ten Rolls-Royce silver thorns, just like that, they were lost and recovered, and the person with a heart almost couldn't stand it.

I silently hope that I can stabilize today, even if I don't make more money, don't lose money.

So far, in addition to the commission, he has made a small profit from a San Francisco apartment, and the money is not much, which has brought him a lot of psychological pressure.

Staying in the office, always like an ant on a hot pot, Chen Linzhi simply couldn't see it, set a 50% stop-loss line, closed the position today after losing half of the principal, and went out alone after explaining.

I had nowhere to go, so I simply went to Yu Luoqi's side to find out if it would really help improve performance by hoarding freight to California in advance.

Chen Linzhi was very greedy for her grain depots.

It just so happens that there has been a lot of cargo recently, so let's see if we can save some money by going from her fleet......