My absurd experiences in North America over the years

Chapter 139 Someone Knows Better Than Me

April in New York was sunny and the local economy was beginning to recover.

However, Wall Street as a whole is still far from recovering its vitality, and even top investment banks like Goldman Sachs are experiencing sluggish trading.

The joint fund of Forrest Capital and CP Group is one of the most active.

On Monday morning, April 12, Li Fu held a video conference in his New York office, during which he completed the final batch of foreign exchange market positions.

At 9 a.m., the euro completed its first and final addition to short positions around 1.3210. At 2 p.m., the yen completed the last addition to its first short positions around 100.50.

Li Fu leaned back in his chair, looking at the densely packed transaction records on the screen. Finally, it was over.

These days he can only sleep four or five hours at most.

Lina also breathed a long sigh of relief. The entire team had been working at high intensity for so many days since the fund was established, like a taut string.

They were more nervous than Li Fu because they didn't know the future trend. Any slight fluctuation in the market could affect hundreds of millions of dollars in profits or losses, which would make it impossible for anyone to remain calm.

"Next is position management. Have someone monitor the daily margin ratios, and notify me immediately of any changes approaching the warning line," Li Fu said, rubbing his forehead. "Also, try to finish the research report on clean energy this week."

"Received," Lina said, perking up.

She was very grateful to Li Fu for providing her with this platform. Strictly speaking, she was extremely lucky to be able to work alongside Li Fu, a rising star in the financial market, right after entering the workforce.

Most importantly, her boss is incredibly generous. The team's base salary is roughly the same as their counterparts in New York, far higher than that in Nashville, while the bonuses are significantly higher than those on Wall Street.

Everyone on the team is proud to be part of Forrest Capital.

Money sometimes means nothing, but sometimes it means a lot. Money can make even the devil turn the millstone, let alone people.

Li Fu stood up and walked to the floor-to-ceiling window, gazing blankly at the increasingly bustling street scene on Fifth Avenue.

The fund has completed its initial investment, with evenly distributed positions and reasonable cost prices. As long as the market follows the trend he knew from his previous life, there's not much need for further action in the coming weeks; just wait for the market to develop.

But the Capitol Hill proposal that Jackson mentioned last week is like a thorn in his side.

Goldman Sachs won't stop with just one proposal; that might just be the beginning. Also, Kushner must hate him intensely—the hatred of having his wife stolen is insurmountable.

He can't do nothing.

After thinking for a moment, Li Fu took out his phone and sent a message to Jackson: "The first phase of investment is complete. For the next two months, could you keep an eye on Mr. Rubin's schedule? If there's an opportunity, I'd like to get to know him through your introduction."

Jackson recovered quickly, "No problem, I'll take care of it."

He had barely sat down to rest when there was a knock on the door.

Ivanka arrived, dressed as usual in a business suit, exuding both competence and elegance.

"The fund's foreign exchange position building is complete," Li Fu said, a smile appearing on his face.

"So fast?" Ivanka's voice was clearly surprised. "While the entire Wall Street was watching, you had already finished building it?"

Aside from the surprise, she also felt proud; he truly was the one she had in mind.

"Speed ​​is of the essence in war! The rest is just waiting, waiting for the unrealized profit to appear, and then looking for an opportunity to add to the position."

So, you're free from now on?

Li Fu smiled. "It depends on what it is."

I probably don't have the energy for shopping or eating out, but going directly to his hotel room would be a better option.

But Ivanka clearly had something else in mind: "My father would like to invite you to dinner, Thursday evening, at Mar-a-Lago. He has some ideas about the next steps in New York real estate that he'd like to discuss with you."

"Okay, I'll go over on Thursday," Li Fu said without hesitation.

Isn't this exactly what he wanted to achieve by associating with the CP Group?

On Wednesday evening, Li Fu unusually left his office before six o'clock.

After establishing his forex position, the market entered the holding period, and he no longer needed to get up early every day to monitor the market as he had the previous week. Lina had arranged for her team to take turns on duty, keeping the margin ratio stable, and everything was running smoothly.

He returned to the hotel, showered, changed into casual clothes, and then texted Ivanka: "What time are we leaving tomorrow afternoon?"

"The private jet takes off from Tetborough at three o'clock. I'll pick you up," Ivanka replied quickly. "Let's try not to be late; my dad hates waiting."

"OK!" Li Fu replied with an emoji.

The following afternoon, a black Cadillac parked downstairs at the CP Building.

When Li Fu got into the car, Ivanka was already sitting in the back, wearing a light white dress with a white short jacket over it, which was much softer than her office uniform.

"You look like you finally had a good night's sleep," she said, turning her head to nuzzle his forehead. "You looked terrible last week."

"There's no way around it during the initial investment period. The forex market operates 24/7, so someone has to keep an eye on it," Li Fu said, leaning back in his chair and putting his arm around her shoulder. Manhattan outside the window slowly receded in the afternoon sunlight. "Now it's a bit easier; just let the team monitor the market."

Ivanka nodded. "My father has been in a good mood lately. The New York recovery project is progressing very well. He was interviewed by Fox News three times last month."

"It seems he really enjoys being in front of the camera," Li Fu replied with a smile, something he had witnessed in his previous life.

"Nobody knows better than me" and "We've always been winning" are his catchphrases.

"He always seemed to enjoy it," Ivanka laughed, but there was a hint of complexity in her voice.

The plane landed in Palm Beach less than three hours after taking off from Teterboro.

Mar-a-Lago was brightly lit at dusk, the white buildings outlined in soft yellow light, and the shadows of palm trees stretched long across the lawn.

CP, dressed in a dark blue casual suit with the collar open, stood at the entrance of the main hall to greet them.

His smile was brighter and more confident than usual, and his handshake was firm, as if he wanted to convey some emotion through the warmth of his palm.

"Li, you've finally arrived!" His voice was so loud it almost drowned out the classical music playing in the hall. "I heard your fund has finished building its positions? Now the whole of Wall Street is probably guessing what you've bought."

"The initial positions in the foreign exchange market are complete; there will be stocks and gold later," Li Fu said as he followed Trump toward the restaurant.

"So you're saying you also think the stock index is at its bottom?" CP looked back at him as they walked, full of confidence and speaking eloquently. "Actually, I think so too. We should go all in and buy at the bottom."

"We are currently conducting research and will soon be building a position to buy at the bottom," Li Fu answered truthfully.

"You did a fantastic job," Trump said, patting him hard on the shoulder.

Dinner was typical Florida style, with grilled sea bass and steak, paired with fine red wine.

Besides Li Fu, CP, and Ivanka, there were also Trump's personal lawyer and a vice president of the real estate department at the table, but CP did not let them sit at the main table, but only as companions.

"The New York real estate market is starting to recover," CP said, cutting a piece of steak but not immediately putting it in his mouth. "Several of my projects have received inquiries, and the prices are significantly higher than at the end of last year."

"The most dangerous phase is over," Li Fu replied while eating. "The Fed's $7000 billion bailout will eventually reach the real economy, and New York, as a global capital center, will certainly be among the first beneficiaries."

CP stared at Li Fu for two seconds. Was he so sure because of some mysterious Eastern power?

Thinking of this, a signature smile crept across his face. "Late last year, I was at an event in Washington, having dinner with some Republican congressmen. They asked me what I thought about the future economic situation, and I said, 'Don't ask me, go ask a young man named Li Fu; he knows far more than I do…'"

This is a rare instance of him saying that someone knows more than I do.

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