America's Road To Wealth Chapter 24

  Chapter 24 Smith Capital

   The encounter between Abel and David Mellon is not a **** plot.

   It was last year, when he first came to New York from Texas.

  He has $70,000 on him for financial investment.

  But in this day and age, the Internet is not yet able to play with finance.

  If you want to invest, you can only go to a bank or a financial company to open an account.

  At that time, he was afraid of being cheated, so he chose a large financial company.

   It's the rebirth again, and the reason for the rebirth of China.

  He had another preference for Goldman Sachs, so he chose to open an account with Goldman Sachs.

  He started playing foreign exchange, and the Goldman Sachs staff who received him at that time was David Mellon.

   Come and go, two or three months, the relationship between the two people has become much closer.

  David Mellon graduated from Wharton Business School and was born in the Mellon family.

  Have worked in Goldman Sachs for three years and have rich working experience.

  At the end of last year, Abel invited David Mellon to work for him.

   Mainly Abel himself, although a graduate of Rice University.

  In addition, Rice University is the number one university in the southern United States. It does not enter the Ivy League but has the strength of the Ivy League.

   is also one of the best universities in the United States.

but

  The original major in university was actually from the art department!

  A child with a red neck in Texas who went to study in the art department is really hard to describe.

   Therefore, whether it is the memory of the original body or the memory of the reborn.

  I am not very familiar with American finance.

   After being reborn, I have been studying hard.

  But how much can you learn from this kind of learning?

   If it weren't for this aspect, he would have made a terrible mistake.

   There is no such hanging words.

  He doesn't know how to touch it at all, and he doesn't have the guts to touch the thing that most smart people study in the whole European and American world.

  But even if there is a hang.

  He was also worried that he would be pitted to death by Wall Street's giant crocodiles during operations.

  He needs an assistant who is very familiar with Wall Street and financial rules.

  After two or three months of his investigation, he thinks that whether it is in terms of professional ethics or ability.

  David Mellon is qualified and meets his requirements.

   He sent an invitation.

   At first, David Mellon naturally refused.

   In front of the middle management of Goldman Sachs, isn't it good to earn millions of dollars a year?

  Finally, Abel offered him an annual salary of $5 million.

  Combined with Abel's previous investment, he has been astonished.

   There is also David Mellon's character, which also has a radical side.

  David Mellon finally chose to resign and found a group of people to follow Abel.

   Later, Abel invested in a series of operations in Nasdaq.

   Abel was in charge of the command, and David Mellon led a group of traders to operate.

   There is also the establishment of Smith Capital later, and David Mellon is also responsible for various tedious and meticulous work.

   Let's put it this way.

  Smith Capital anthropomorphic words.

   Then Abe is the brain, the heart of the company.

  David Mellon is the body and limbs of the company.

   The two have known each other for ten months and have worked closely together for half a year.

  In addition to the establishment of Smith Capital, Abel gave David Mellon 2% of dry shares.

  Since the establishment of Smith Capital, the company's profit has exceeded 600 million US dollars.

   2% of 600 million US dollars, also 12 million US dollars.

   Seven years of work than David Mellon, and more than the sum of all income.

   And this is just over a month, just the beginning.

  Even a blind man can see the future of money.

   If you have money, you will be happy with Abergan.

  He also has a good relationship with Abel personally.

  Due to multiple factors, David Mellon is currently working at Smith Capital.

a week ago,

   Because of the "observation" of the next yen exchange rate, there will be a wave of violent fluctuations.

  Smith Capital, under the control of Abel, began to enter the market, shorting the yen.

  Abel is the commander-in-chief and the soul.

  David Mellon is the pioneer general.

  He selected eight of the company's best currency traders and entered the safe house.

   During a week.

   Even though Abel was away, he did not come to the company.

  David has also been in touch with Abel by phone from time to time according to the operation needs left by Abel.

  Controlling the eight traders in the safe house, they carefully manipulated the huge capital flow with a margin of up to 1 billion U.S. dollars and a leverage multiple of 20 times to continuously build positions, with the goal of shorting the Japanese yen.

  The eight traders who are mainly responsible for the actual operation work have been staying in the safe room.

   David Mellon, the chief executive, has not been home for a week.

   During this week, he also stayed in the company all the time.

   Eating, drinking, and sleeping are all done here.

   In Abel's absence, he needs to be watching here.

   After all, after leverage, it reached a huge amount of 20 billion US dollars.

  Abel has a big heart and dares to run around.

  David Mellon, who was in charge of the operation, couldn't be as relaxed as Abel.

  Because of his undivided attention, David Mellon was very tired.

  That's why I fell asleep involuntarily just now.

   Now Abel is back.

  Also came to the company, David Mellon was a little bit sluggish, and he cheered up all of a sudden.

  Because this means that it is time to close.

   "How about it, please report the market situation?"

  Looking at David Mellon, who is a little rough because of staying up late and working overtime.

   Abel smiled.

  David Mellon lifted his spirits and said softly:

   "According to your requirements. We mainly do two currency pairs, JPY/EUR and JPY/USD."

   On January 1, 1999, the euro was officially born, replacing the dollar to occupy the European currency market.

   This is a brand new currency, but it benefits from the strong strength of the European Union at this time.

  As soon as the euro was born, it became one of the main currencies in the world.

  The Japanese Yen of the Neon Country has been one of the major world currencies since the 1980s.

   And the dollar, not to mention.

  It can even be said that it is synonymous with world currency.

   Therefore, these two currency pairs have always been relatively stable.

  Stability means little volatility.

  The volatility is not large, that is to say, the foreign exchange speculation here, usually the profit and loss will not be too large.

  Generally, only large-scale black swan events will lead to fluctuations in the exchange rate of this stable world-class currency.

  For example, the Fed suddenly raises and lowers interest rates, or what kind of surprise operation the Neon Central Bank and the European Central Bank engage in.

   "JPY/EUR, when we entered the market, the exchange rate was 98.2380."

   "JPY/USD, when we entered the market, the exchange rate was 108.3210."

   "And now."

   Speaking of this, David Mellon smiled bitterly.

   "JPY/EUR is 98.2450."

   "JPY/USD is 108.3560."

   "In addition, according to your instructions, three days ago. Our funds have all entered the market."

   After listening to David Mellon's report, Abel nodded.

   "That means we've lost some money now, haven't we?"

   "Yes. We've lost $64 million."

  David Mellon said with a blank face.

  (end of this chapter)

Chapter end