Extraordinary Genius
Chapter 994 – Plans to buy at low prices
The Asian Financial Crisis had affected the whole world, and Ruble’s depreciation caused Europe and the US stock markets to crash.
Some investors immediately withdraw their investments to avoid the risks, while some become bankrupted.
Even expert investors like Soros suffered massive losses, let alone other investors. Those investors might not have tried to make money from the Russian markets, but they also suffered losses when their countries’ stock markets crashed. Those countries’ stock markets had been doing well before this crash.
Most of the investors were gloomy, but Feng Yu, who is having dinner at Fu Rongqi’s house, and the Fu Family were all smiles.
Although their profits are not very high this time when everyone is losing money, and they are going to be the only winners.
“Nephew Feng, we will be earning another sum of money again, and Soros will suffer massive losses. We don’t have to worry about Hong Kong anymore.” Fu Rongqu laughed.
“Second Uncle Fu, Hong Kong might not be safe too. Hong Kong’s economy is also affected, and the stock market had plummeted. Although Soros is not involved, it is not looking good.”
Fu Rongqi scolded. “Why are you so optimistic every time, and how do you know that Soros had suffered massive losses?”
Fu Rongqu asked curiously. “You all are the ones who said Soros had entered the Russia market to hunt for bargains. Now, Russia’s financial market had collapsed, how can Soros not suffer any losses? I think Soros might be almost bankrupt, right?”
Fu Rongbing added. “Even if Soros did not lose all his money, but he still must answer to his Quantum Fund’s clients. He had guaranteed his investors their capital, and I’m afraid he had to use all his assets to compensate his clients.”
Fu Rongqi looked at everyone and asked Fu Guangzheng. “Guangzheng, what do you think?”
“Uncle, Soros is a world-renowned hedge fund manager and was said to be the world’s best fund manager before. He will surely hedge against his investment. Although Ruble had depreciated and Russia’s stock market crashed, he should not have lost all his money. We can predict the other countries’ stock market will be affected, so can he.”
Fu Rongqi nodded. Under Professor Liang’s guidance, Fu Guangzheng had been improving and had matured a lot. He looks more like Fu Rongqi’s successor now.
Fu Rongqi looks at his two younger brothers. “Did you all hear that? How can Soros not know about this? Whenever we invest, we will also keep some of our money for an emergency or to make a comeback. Do you all think Soros will not do that? If he can build up a short-position portfolio in other countries, he should recover his losses. Maybe he can still make some profits if he has the guts.”
At this time, it does not matter whether Soros has the guts to take risks. He has no choice, or he cannot recover his losses.
This is like gambling, but Soros must make this bet, and he stands a high chance of winning!
Fu Rongqu and Fu Rongbing look at each other and smile. Fu Rongjing did not say anything and just sat there smiling. If Guangzheng had not told him about this, he would also have the same thoughts as his second and third brothers.
Money can be earned quickly in the financial market, and this made Fu Rongjing more determined to let Fu Guangzheng marry Liang Yin. With Professor Liang’s help, all of them will earn more money in the future, and he does not need to worry about Guangzheng. His elder son Guangxian is not doing as well as Guangzheng, and he wishes to leave more money for him.
Fu Rongqi had hinted that the next head of the family, will be Fu Guangzheng.
Fu Rongjing was full of respect for his eldest brother. If he is the current head of the family, his successor will be one of his sons and not his nephews!
This decision will become the criteria of the family. Future heads of the family will be pick base on their talent and success. This criterion will guarantee the Fu family will have the most suitable leader to lead them in the future.
The stronger the family, the more benefits they will get. Their social status will also increase!
Fu Rongjing turned and took a glance at Feng Yu. If Fu Rongqi had not represented the Fu family to make peace with Feng Yu, the Fu Family might not become the wealthiest family in Asia, and Guangzheng will not become the next successor.
When the media reported about Fu Guangzheng, they will also mention Fu Rongjing. This made him proud!
“Nephew Feng, what are you going to invest next after this? Are you still going to invest in futures, or are you investing in the stock markets?” Fu Rongqi asked and laughed.
Feng Yu wiped his mouth and smiled at Fu Rongqi. “Uncle Fu, you already know the answer, why are you asking me?” The future market is too volatile recently. It is tiring to monitor it, and the profits will not be high.”
“Hahaha… seems like we are on the same page again. I am going to invest in the South Korea stock market. Of course, if there are some good companies, I will consider buying them. I am also looking at Malaysia, Singapore, and a few other countries. Are you interested?”
The Fu family has many investments in Southeast Asia like Singapore and Malaysia. With sufficient funds, it’s normal to increase their investments there. But Feng Yu did not expect the Fu Family to consider South Korea first.
South Korea is also Feng Yu’s target.
South Korea’s internet technology is one of the best in the world. In Feng Yu’s previous life, South Korea has the best internet infrastructure in the world. They are better than the US, Japan, and many other countries. Their software, PCs, PC games, home appliances, etc. are among the best in the world.
As PCs and the internet develops, the video games market, etc. will have high potential, and Feng Yu had a plan in his mind. He wants to acquire WeMade and Actoz Soft, the companies that developed the PC game, Legend of Mir.
In the future, Feng Yu wants to build his gaming empire, and develop all the popular titles from his previous life himself. Also, he can send his people over to these two companies for training. After they master all the techniques, the Chinese can develop all the popular online games!
“I am also considering investing in South Korean companies. I love to play PC games and is thinking of acquiring one or two companies to develop the games I like. Also, I will be investing in electronics or buying some technologies from these companies. Of course, I will also invest in some European and US companies.”
You like to play PC games, and you want to buy a PC game company? Fu Rongqi thought about Feng Yu’s age and felt he might still want to have fun. Developing PC games can make some money, but he does not believe that it will be extremely profitable.
“Hahaha… alright. Let me know if we picked the same companies. We will withdraw and will not fight with you!” Fu Rongqi laughed.
“Thank you.” Feng Yu smiled. He knows Fu Rongqi will never know how high the profits from PC games will be in the future.
Translator’s notes:
WeMade
https://en.wikipedia.org/wiki/WeMade_Entertainment
Legend of Mir 2