Rebirth 1983: Building My Business Empire
Chapter 493 - Chapter 493 Chapter 481 Quit While Youre Ahead

Chapter 493: Chapter 481: Quit While You’re Ahead Chapter 493: Chapter 481: Quit While You’re Ahead Lu Jiaxin smiled and said she hadn’t decided yet, “What good suggestions do you have?”

Nie Zhan replied, “Haven’t you always said real estate prices will keep rising, urging me to hoard more land? Wansheng Real Estate only has 1.2 billion in its accounts, and I plan to use 1 billion of that to hoard land, but that’s far from enough.”

“Jiaxin, you can take out one billion to hoard land, and later on, you can collaborate with Wansheng Real Estate to develop properties. This approach would be beneficial for the development of Wansheng Real Estate and allow you to earn money from both sources.”

Holding land, the rising price of land could yield a profit; she was the second largest shareholder of Wansheng Real Estate. The more Wan Sheng Bank earned, the larger her dividend.

Lu Jiaxin acknowledged with a hmm, “Besides hoarding land, I’m also planning to buy shops, high-end apartments, and residences. Oh, I heard there’s a mansion for sale in Shallow Bay, is that true?”

“Yes, the owner of building number 4 in Shallow Bay intends to sell. Why, are you interested?”

“What do you think if I buy it to rent out?” said Lu Jiaxin. She definitely wouldn’t move in herself. Having made a big profit this time, she planned to buy the land next to it as well, then build two annexes. One for the butlers and maids, and another one for the bodyguards.

Nie Zhan felt it was not cost-effective, “It would tie up too much cash flow; that money could be put to other investments. However, if you really want to buy it, go ahead, but forget about renting it out–just keep it for your own use!”

“How are you going to handle the funds in America and Little Days? Are you transferring them back to Hong Kong or keeping them there to continue investing?”

Lu Jiaxin said, “I won’t transfer them back, I’ll keep them there for investment. Ah Zhan, I’ve got my eye on a few stocks for long-term holding, and I want to buy some high-quality properties over there. Also, I’m looking to invest in some promising companies.”

Nie Zhan said with a smile, “Today the Dow Jones Industrial Average plunged 67 points as the market opened, and it couldn’t stop tumbling after that. The Hong Kong stock market plummeted due to the impact from New York, and the dive in Hong Kong’s market triggered a catastrophic fall across all Asia-Pacific stock markets. The domino effect came full circle back to New York, where the Dow Jones Industrial Average fell by 508 points, a loss of over 22%.”

As per Jiaxin’s instructions, they shorted at ten times leverage, which meant they had more than doubled their profits. The New York market would definitely continue to fall upon opening tomorrow, the panic set to persist, though it was unclear by how much.

Lu Jiaxin said, “Ah Zhan, let’s close our positions on the Dow Jones Index when the market opens tomorrow!”

She was aware that the Hang Seng Index had dropped nearly fifty percent, but other countries only knew about the steep plunge on that day, without specifics. To be safe, it was best to close positions immediately!

“What about the Hang Seng Index?” Nie Zhan asked. America would surely intervene to stabilize the market, it might cause the Dow Jones Index to rise tomorrow, so it would be wise to seize the profits as soon as they appeared.

Lu Jiaxin shook her head, “Based on my prediction, it’ll plunge significantly at the opening; we can hold off until next Monday.”

Nie Zhan nodded his head.

Lu Jiaxin asked, “Have you eaten yet? If not, go have dinner first.”

Nie Zhan, infuriated by Nie Jingwen all day, didn’t have an appetite, but after talking with Lu Jiaxin and feeling better, he found he was hungry.

After he went down for a meal, Lu Jiaxin phoned Mo Libin and Deng Weihai separately, telling them to close their positions as soon as the market opened the next day.

The Dow Jones Index had fallen by over 22%, the Nikkei Index by 14.9%, and the Singapore Index by 12.4%, while today’s Hang Seng Index plunged by 113%. They were all leveraged tenfold; this time, they should at least double their money.

Compared to the downturns in other countries today, the Hang Seng Index’s drop was in the middle range. Sadly, the Stock Exchange decided to halt trading for four days, leaving investors panicked and anxious. When the market opened next Monday, everyone would be rushing to sell, and it couldn’t be stopped, which wouldn’t be the case otherwise.

After taking care of these matters, Lu Jiaxin went downstairs to eat stewed fish maw with donkey-hide gelatin and red dates. Not needing to eat it every day now that she was better, she would have it about ten times a month.

After dinner, Nie Zhan made a few calls outside, then joined Lu Jiaxin to watch the stars in the garden.

Lu Jiaxin wasn’t interested in stargazing tonight, but since it wasn’t suitable to sleep right after eating, she accompanied him to the garden for a walk.

As they walked outside, holding Lu Jiaxin’s hand, Nie Zhan said, “Jiaxin, today Wansheng Real Estate fell by 12%. It will continue to drop next Monday, and that’s when I’m planning to buy back company shares.”

Lu Jiaxin thought for a moment and said, “Once my funds are liquidated, I will buy some too. 17% is a bit low, 25% would be about right.”

Nie Zhan would only be too happy if she bought more company stocks. “After this stock disaster, there should be shareholders selling their shares. I’ll help you negotiate then.”

Lu Jiaxin nodded her agreement.

Nie Zhan mentioned he had received a call from Tao Yong on the way back; it was one of gratitude: “Shi Xinyu often throws little tantrums, but Tao Yong has always been tolerant. Only this time, because the loss was so huge and he was in a bad mood, they had a fight. He thanked you for comforting Shi Xinyu and even complimented me on my good taste for finding a great wife.”

Hearing this last comment made him feel extremely pleased; not only was his wife understanding and supportive, but she also brought him luck. He had sensed the stock market would be shaky, but had it not been for Jiaxin’s reminder to run a promotion, the company wouldn’t have been able to liquidate so much capital.

Lu Jiaxin chided him, “Who is your wife? Stop talking nonsense.”

Nie Zhan wrapped her in his arms, “In this lifetime, you are mine. Wherever you go, I will follow; don’t think about shaking me off.”

Lu Jiaxin scolded with a laugh, “You’re being unreasonable.”

“I am unreasonable, and in this life, I’m sticking with you.”

Miao Na, watching the cozy pair, glanced at Yan Yijun before saying, “The boss and Mr. Nie are so sweet together, I want to be in a relationship too.”

Yan Yijun said with an impassive face, “Being in a relationship can be distracting. If you start dating, I will suggest to the boss that you be fired.”

Miao Na huffed and turned to go back inside.

The next afternoon, after school, Lu Jiaxin got home to her apartment and received a call from Mo Libin. As per Lu Jiaxin’s orders, he had liquidated the positions as soon as the market opened.

Mo Libin reported, “Boss, for the Dow Jones Index, the principal was 210 million greenbacks; after deducting fees and taxes, the liquidated funds amounted to 610 million greenbacks. For the Singapore index, the principal was 110 million greenbacks and, after deductions, the liquidated funds were 210 million greenbacks.”

With a principal of 320 million greenbacks, they made a profit of 500 million greenbacks, totaling 820 million greenbacks. The risk was high, but so was the reward.

Lu Jiaxin guessed that America would definitely intervene to stabilize the market, but given their significant economic bubble, any rise would be short-lived: “Buy as much as you can of Coca-Cola, Johnson & Johnson, Oracle, and Nike, but do it the same way as before, through offshore companies.”

Mo Libin felt it might be better to wait and see before buying: “Boss, according to this trend, there will be further declines.”

A drop was certain, but these companies had good prospects and were unlikely to fall much further. Lu Jiaxin said, “Buy a portion now, and if it drops, continue to procure in large quantities.”

“Understood, boss.”

Shortly after, Lu Jiaxin got another call from Deng Weihai. For the Nikkei Index, the principal was 120 million greenbacks. After fees and taxes, they recouped 270 million greenbacks.

Lu Jiaxin first thanked him for his efforts then instructed him to keep an eye on stocks such as Fujifilm and Shin-Etsu Chemical. As for the remaining funds, she planned to invest in real estate for Little Days.

However, when considering investment in Little Days’ real estate, she wanted to consult with Nie Zhan, as he was the expert in that field. She had earned her money through the financial markets, taking significant risks and not daring to invest recklessly.

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