Extraordinary Genius
Chapter 941 – Hidden worries
Soros was defeated in Hong Kong and start to attack South Korea’s financial market. But this time, he did not inform Feng Yu. Soros had broken his agreement with Feng Yu when he attacked Hong Kong, and both cannot work together again.
Feng Yu also start to prepare his funds to attack South Korea. He hopes he can acquire some of South Korea’s companies shares at low prices.
Initially, Feng Yu had wanted to continue to make money, and at the same time, he can get to know how Soros operates and see if he has any weakness. If Feng Yu knows Soros’s operation style, he can give the latter a lethal blow.
But at this time, something happened in Hong Kong’s market.
“Uncle Fu, you say those people had started to dump their shares to raise funds? What are they trying to do? Can’t they wait until the end of the year?” Feng Yu frowned. Is Hong Kong’s stock market is going to fall?
“They know Soros is going to attack South Korea, and want to go there to make money. I don’t know who is the one that spread rumors that you had made over 10 billion USD from this crisis with only less than 5 billion USD! After they know about this, they are jealous.” Fu Rongqi looked at Feng Yu, waiting for his answer.
Profits of over 200% within a few months… Who will not be jealous?
Some people thought if they invest all their fortune, they can double it. The returns will be faster and higher than their traditional business.
“Do they think by following behind Soros, they can make so many profits?” Feng Yu laughed. Even if they want to follow the trend, they must have foresight. If they are too greedy, do not understand the market well enough, or missed the timing, it will be too late for them to make profits. If Soros canceled their future contracts before them, and the Korean Won rate recovers, they will suffer losses.
Judgment is critical, and without good judgments, these people will not succeed. Most of the time, only a handful of people will make profits in the financial market, and most people will lose their money. If everyone can make money from the financial market easily, it is a dangerous signal!
Also, Soros had just attacked Hong Kong, and they want to follow him to attack Korea. Are they not afraid of Soros setting them up?!
“I tried to persuade them to invest with me. But they think I am too conservative, and the returns are too low.” Fu Rongqi shook his head. Over the past two months, his returns are over 50%. How can this return rate be considered low?
These people might not even get profits of 50% in a year!
“Just let them be and let them dump their Hong Kong stocks to let Hang Seng Index plummet. The more Hang Seng Index falls, the easier it is for us to stabilize it.”
“But Soros might set them up in South Korea’s financial market, like short the market for a while and then buy in suddenly. If they are not careful, they might suffer massive losses.” Fu Rongqi was worried.
“They don’t trust you, and you are still worried about them? Furthermore, we are also entering the South Korea market, and if Soros tries anything funny, we can fight it out with him there!”
Feng Yu was excited. The battlefield had moved to South Korea, and Feng Yu will not have many people helping him. But Soros’s Quantum Fund had just lost in Hong Kong and had lost some followers. Not many people will join Soros in South Korean, and Feng Yu can make use of his victory to gather more investors to attack Soros.
At the same time, Feng Yu can also teach those tycoons a lesson. Those tycoons must know that without enough experience to analyze the market, and just following behind someone, will not succeed!
……
“Ah… the stock market had dropped again. I thought Soros was defeated and had left Hong Kong’s market?” A Hong Kong investor grumbled.
“It is always the big players controlling the financial market. They are the ones pushing up the stock market, and now, they are the ones making the market plunge. Small-time investors like us should run before its too late.” Someone sighed.
“But if I sell the stocks now, I will lose money.”
“It’s better to lose some than to lose all. Anyway, I had sold all my stocks and used the money to invest in properties!”
Many Hong Kong investors are discussing this, and many of them started to dump their stocks. They would rather keep their money in the banks or hand it to investment funds, like Wind and Rain Consulting and Guangzheng Fund, to manage for them.
Some of these investors turned to real estate as they realize the property market is more stable than stocks. When Soros attacked Hong Kong’s financial market, there were volatile fluctuations in the stock market, but the property market was not affected.
Look at Thailand. Their stock market and financial system had collapsed, but their properties’ price is still climbing. That means investing in properties is the safest!
A strange phenomenon appeared in Hong Kong. The Hang Seng Index is falling every day, and only a handful of stocks’ prices are rising. The majority of stocks are dropping.
Most of the money started to flow into the property market, and property prices start to rise.
Some people even borrowed money from finance companies to buy a few apartments. Even if the apartments cannot be rented out and are in bad locations, the prices are still rising.
These investors felt they could make money from selling these properties sometime later.
……
“Brother Feng, my Second Uncle, is asking me to invest in properties. I am thinking of withdrawing my investments from Wind and Rain Consulting.” Fu Guangzheng said.
“What? Invest in properties? Where?”
“Hong Kong’s properties. The property market is rising and is doing better than the stock market. I am not withdrawing all my money, and I only need 100 million USD.” Fu Guangzheng put up his index finger.
“Brother Fu, your Guangzheng Fund had made quite a lot of money, right? You had also invested with your Eldest Uncle’s company. The returns from my side are the highest, and it doesn’t make sense to withdraw funds here. Don’t tell me that you had withdrawn all your money from other places?” Feng Yu asked.
“No.”
Feng Yu raised his brows. No? This is fishy!
Brother Fu, are you asking me about my opinions about Hong Kong’s property market? I can tell you honestly that the property market bubble will burst within a year, just look at Japan. When houses are empty, and the prices of properties everywhere are rising, it is an indication of a serious problem. If the banks increased their interest rates, many property speculators will be bankrupt and will be stuck with their properties!”
Feng Yu shook his head. Fu Guangzheng had become more cunning now.
“You also think the property market will collapse?” Fu Guangzheng’s eyes opened wide. What Feng Yu said was the same as his Eldest Uncle and Professor Liang, and it seems that he had to follow what his Second Uncle said. He should wait until the property market collapse before entering!
“It will surely collapse, and even if Hong Kong’s Government cannot do anything about it.”
Feng Yu realized that Hong Kong’s economic crisis is still around. The Forex and stock market can be stabilized, but it’s hard to control the property market!