Chapter 104: Wealth Takes Off!

"Alright, move the Silver to the Garage exit."

Lin Qingxia immediately agreed.

From Xu Yuexin's tone, she realized the matter's significance was great.

After giving the instructions, Xu Yuexin entered Lin Qingxia's mansion, carried the two boxes containing Silver to the basement exit, and at that moment Lin Qingxia had already driven the Mercedes out of the garage.

After loading the Silver into the trunk, Xu Yuexin took the passenger seat beside Lin Qingxia, and Chen Yixue sat in the back row.

A rev of the accelerator and the Mercedes carried the three of them out of the garden, heading forward.

The nearest Urban Area to Lin Qingxia's home is Wong Tai Sin District. In less than fifteen minutes, Xu Yuexin and Chen Yixue arrived at a jewelry shop in her car.

That's the advantage of a Xiangjiang mansion: because the place itself is not large, it can be tranquil inside and bustling outside.

After the car stopped, Xu Yuexin moved the boxes into the jewelry shop and asked the clerk there to confirm the price.

"Silver price? It's 49 US Dollar per ounce, sir."

the female clerk replied in a sweet voice.

Hearing that figure, Lin Qingxia's pupils under her sunglasses flickered.

From 20 US Dollar to 49 US Dollar, that's more than a double increase!

Xu Sheng's investment insight truly far exceeds that of ordinary people.

Unfortunately, I was not sure of his investment level back then and only invested a little with a playful mindset.

If only I could have invested more!

At this moment, Lin Qingxia felt a bit regretful.

Under Lin Qingxia's strange stare, Xu Yuexin pointed at the box: "This contains 4,762 ounces of Silver."

"We'll sell it all to you today."

That much? The female clerk glanced at the box twice, then nodded: "Alright, no problem, sir, please wait a moment."

Xu Yuexin took out the key and opened the box; at that moment the female clerk and her colleagues gathered around, taking out the Silver inside to verify authenticity and weigh it.

After weighing, the female clerk pressed the calculator a few times.

"The total is 233,338 US Dollar, which converts to 1,178,356 Hong Kong Dollar and 9 jiao, may I ask whether you prefer US Dollar or Hong Kong Dollar? Cash or bank card?"

"I want cash,"

Xu Yuexin replied decisively.

The clerk said that transferring to the bank would take time, and the Silver price had already peaked.

If the Silver price collapsed before the other party reached the bank, what could be said? In comparison, the largest Hong Kong Dollar denomination is 1,000, and over a million in cash would not be cumbersome. We'll just ride in Lin Qingxia's car to the bank to deposit the money later.

"Alright, sir, please wait a moment while we go get the money,"

the clerk said.

Chen Yixue listened to the whole conversation and felt as if stepping into an illusion.

It turned out that money can be measured in units of millions.

…

With a rush of footsteps, the clerk and colleagues returned to the counter carrying stacks of thousand-dollar bills: "Sir, here is your 1,178,356 Hong Kong Dollar and 9 jiao, please count it in person."

Xu Yuexin picked up the money, counted it, and after confirming it was exact, packed all the cash into his Shoulder Bag.

One million one hundred seventy‑eight thousand…

The weight is really heavy!

Even before the transmigration, Xu Yuexin had never seen so much cash.

Wealth was expanding rapidly, and his heart rose along with it.

"Inside are your 20% investment funds, and 80,000 are borrowed money."

"All told, I should owe you about 300,000,"

At the jewelry shop's doorway, Xu Yuexin restrained his excitement, smiled and thanked Lin Qingxia, "In any case, thank you, Miss Lin the Heroine, for stepping in and helping me catch this market wave."

Lin Qingxia hadn't had a chance to say anything when Chen Yixue was the first to look at Xu Yuexin.

It turned out his principal was borrowed.

The person who lent him the money was Lin Qingxia? Chen Yixue truly couldn't understand why this world‑famous movie star would lend so much to her own brother‑in‑law.

"The money doesn't need to be repaid."

Moreover, the person who should be thanked this time is me; you helped me earn more than double the money.

"I'll take another 200,000 out later and put it in your hands. Whatever you buy, just buy a share for me as well."

"I'll bear the profit and loss myself; if there's a commission, I'll give you 10%, how does that sound?"

Lin Qingxia wanted to make herself Xu Yuexin's personal financial advisor? Xu Yuexin immediately weighed the pros and cons in his mind.

"No, I decline. Whether stocks or precious metals, they often swing from sky to ground."

After some thought, Xu Yuexin cautiously told Lin Qingxia, "Most people probably can't tolerate such volatility."

Xu Yuexin had previously agreed to buy Silver for Lin Qingxia because the money she gave was small, a modest gamble for enjoyment.

When she proactively asked, he recommended Apple Inc., because ultimately it would still be her own operation.

Managing others' finances is different; the money is entirely in one's own hands, and profit and loss are all self‑caused. Even if Lin Qingxia says she will bear all consequences, Xu Yuexin must still be cautious.

That is not because Xu Yuexin lacks confidence in his own judgment, but rather, as he just said, the market itself is volatile.

If there were two pullbacks in the middle, Lin Qingxia couldn't accept a request to exit, how should she deal with it then?

Facing Xu Yuexin's refusal, Lin Qingxia still persisted: "It's okay, even if all the money is lost, I will have no complaints toward Xu Sheng."

"Of course, I'm not saying this because I distrust your ability; on the contrary, I have great confidence in you."

As soon as the words fell, the three of them got into the car.

"We'll talk later, Miss Heroine, you focus on driving first."

In the co‑pilot seat, Xu Yuexin still shook his head and said, "Safety first."

Lin Qingxia, seeing this, felt rather regretful and said nothing more.

Following Xu Yuexin's instructions, she drove the car to the Goldman Sachs Securities branch in Central; Xu Yuexin intended to open an account there.

She got out of the car and walked into the branch.

"Sir, may I ask how I may be of service to you?"

A broker in a suit and leather shoes approached, and with a very courteous attitude asked Xu Yuexin.

"Open an account, deposit HK$850,000."

Xu Yuexin made his strength clear the moment they met.

He does not like to play the "pig pretending to be a tiger" trick in consumption or investment settings.

He lets the other side know from the start what kind of client he is, so everyone avoids trouble.

The broker realized a major client had arrived.

"Please follow me to the VIP Room, and we'll discuss in detail."

The broker, very enthusiastic, led Xu Yuexin's party toward a room beside the lobby.

Currently, Xiangjiang citizens have an average monthly income of HK$1,600, so HK$850,000 is definitely a large‑client amount for them.

"May I ask what drinks the gentlemen and ladies would like? We have herbal tea, black tea, Longjing tea, cola and coffee."

"I'll have herbal tea."

"Longjing tea."

"Plain water."

After sitting down in the VIP Room, the broker asked the three of them, and shortly brought up four cups.

Xu Yuexin took his plain water and took a gentle sip.

"What is your transaction commission rate?"

Xu Yuexin set down his cup and asked.

"It's 0.5% per transaction, sir, charged on both buy and sell sides."

The broker, with a courteous demeanor, quoted a price Xu Yuexin could never accept.

He had long heard that Xiangjiang securities firms charge black‑market commissions, but didn't expect it to be this black!

In later times, many mainland securities firms usually charge at most 0.2%, never imagined the rate could be this high in this era.

That means for a single buy‑sell cycle, the money Xu Yuexin hands to Goldman Sachs would be as high as 1%.

So you think I'm trading stocks to work for you?

These foreign firms are truly foul‑hearted and black‑hearted. Xu Yuexin muttered under his breath, his expression darkening.

This feeling of being ruthlessly ripped off for no reason made him very upset.

I must negotiate the fee down!

Seeing his displeased expression, the broker immediately offered a line: "Sir, if you are not satisfied with the 0.5% rate, you can also negotiate with us."

"0.15%, no more."

When Xu Yuexin said that, the broker's expression clearly twitched.

Does this person understand the market?

He's crazy!

"0.15%?"

Although displeased inside, the broker kept a smiling face and said, "Please understand, we cannot offer that rate."

"Looking across all of Xiangjiang, no securities firm would set a commission this low."

"Oh, okay."

Xu Yuexin said nothing more, picked up his cup and left.

Chen Yixue and Lin Qingxia were startled for a moment, then got up and followed.

"Don't we need to discuss further?"

As they stepped out of the branch doorway, Chen Yixue whispered.

"No, I just thought, we just use Goldman Sachs as a tool."

Xu Yuexin said lightly.

Looking at Goldman Sachs's stance, negotiating to 0.15% is impossible.

Then just go to the next one, tell them Goldman Sachs is willing to lower to that rate, and use it to undercut their price.

Next, Xu Yuexin let Lin Qingxia stroll slowly along Central, checking the securities firms along the way.

Xiangjiang never lacks securities firms, especially in Central.

In just a few hundred meters, Xu Yuexin saw more than a dozen securities branches in succession.

After half a day of comparison, Xu Yuexin finally, surrounded by many foreign securities firms, chose a local securities firm.

Da Fu Securities!

Compared with Goldman Sachs, its branch isn't as grand, but Xu Yuexin intuitively feels he can negotiate the fee down here.

Holding Goldman Sachs's paper cup, Xu Yuexin entered the branch, and a Da Fu Securities broker greeted him.

Xu Yuexin explained the account opening requirements and amount, and the broker promptly escorted their party into the VIP Room.

As a securities firm only a few years old, a client who can deposit HK$850,000 in one go is extremely valuable.

Just like the Goldman Sachs broker, the Da Fu Securities broker prepared drinks for them, then got down to business.

"I just went to Goldman Sachs, asked to set the fee at 0.12%, but they only offered up to 0.2%."

"So I came to you."

"What's the lowest you can open at?"

Xu Yuexin toyed with the Goldman Sachs paper cup, sizing up the Da Fu brokerage.

The broker smiled as he met his gaze, while internally weighing the truth of his words.

Regarding the fee levels of Xiangjiang brokers, 0.2% is an extremely favorable tier, a discount he had never seen before.

Even Da Fu Securities, which was only a few years old and eager to expand, normally charges at least 0.3%.

But considering the young man's large deposit amount and the fact that he still held a Goldman Sachs paper cup, perhaps he wasn't lying.

0.2% is still too low; I need to ask the manager.

After deliberating, the broker didn't want to lose the client in front of him, but he truly couldn't offer the 0.2% rate.

No, what I want is 0.12%.

Xu Yuexin said calmly.

"Ha... that's probably impossible; we have our own regulations."

The broker sat uncomfortably, because he was eager to secure this big client.

Xu Yuexin saw through his thoughts.

"You go ask first."

"I'll wait here for good news."

"Alright, please wait a moment."

The broker hurriedly said, got up, and left the VIP Room.

"No rush."

Xu Yuexin said lightly, putting down the Goldman Sachs paper cup.

This paper cup is still useful.

"Can it be cut off?"

After the broker left, Lin Qingxia asked softly.

Like Xu Yuexin, she felt ripped off when she heard the high rate of 0.5%.

So she was also very interested in the outcome of the fee negotiation.

Xu Yuexin gave no answer, only a light smile, appearing confident.

"Sir, hello, I've consulted the Manager."

After a long while, the broker finally returned to the VIP room, his expression eager, and said, "We can lower it at most to 0.15%."

"If we go lower, we'll be jointly blocked by competitors."

Fine, then 0.15%.

Xu Yuexin pretended to be reluctant, saying, but in truth his ideal rate was exactly that.

As for his time at Goldman Sachs, his target rate was 0.18%.

After all, Goldman Sachs is a huge firm; cutting to 1.5 is unrealistic.

"Thank you, Xu Sheng, for understanding."

The core fee had been settled, and both parties left the VIP Room to complete account opening and deposit.

After transferring 850,000 yuan into the securities account, Xu Yuexin still had over 320,000 yuan left on his card.

"May I ask, Xu Sheng, how much position you plan to hold?"

"Do you have preferred industries or company types?"

After the deposit was completed, the broker asked enthusiastically yet cautiously.

Based on Xu Yuexin's performance in the negotiation, the broker deemed him an experienced financial investor and could not recommend specific stocks right away.

Otherwise, if it didn't match Xu Yuexin's investment philosophy, he would consider it unprofessional.

"I don't buy individual stocks; I only buy the Hang Seng Enhanced Index."

Xu Yuexin said decisively.

At present, none of the stocks on the Xiangjiang market are recognizable to him.

As for US stocks, familiar companies like Apple and Microsoft have not yet listed, so there are no suitable targets.

Logically, buying the Hang Seng Index becomes the best choice.

1980 was a great year for the Hang Seng Index. That year, its constituent stocks performed well, and the Xiangjiang financial market underwent a regulatory reform.

By July, Xiangjiang will carry out the historic "Four Exchanges Merger", with the Four Exchanges merging to form the Hong Kong United Exchange, establishing the basic framework for Hong Kong stocks for the next several decades.

The United Exchange's establishment effectively improved corporate and market governance, directly raising investor confidence to a historic high.

That year, the Hang Seng Index posted an astonishing 67% rise, drawing worldwide attention! "Sir, how many times leverage do you plan to buy?"

The broker continued, "We have 1.5×, 2×, and 3× options here."

An enhanced index is simply leveraged; for example, 1.5× enhancement amplifies the index's movement by 50%.

"I'll take the 1.5×, then?"

Chen Yixue inferred the meaning of the enhanced index from its wording and whispered a reminder to Xu Yuexin.

In her view, the higher the multiple, the greater the risk.

Lin Qingxia watched with interest, wanting to see what choice Xu Yuexin would make.

(End of chapter)