The Underground Emperor: Starting from Running Away with Sister-in-law

Michael Berry said nothing.

But there was a hint of inquiry in his eyes...

"It's because of you!"

Ding Xin smiled confidently and continued, "I have studied your resume and found that your investment vision is very unique. You can always find the wealth code from the small details that others can't find!"

"Mr. Ding, you are too kind. Thank you for your recognition!"

Michael Berry smiled widely.

Obviously.

I really benefited from Ding Xin's words.

"So, my ability to take so-called risks depends entirely on you. As long as you can make me fully believe in your ability, then there will be no problem!"

Pause for a moment.

Ding Xin looked into his eyes and said with a smile: "In other words, as long as you can bring me a generous return, then a temporary loss is nothing to me. You should understand what I mean, right?"

Michael Berry nodded subconsciously.

Slowly exhale a puff of smoke.

Ding Xin smiled and said, "So, do you have any good projects to introduce?"

"Have!"

Talking about professional knowledge.

Michael Berry is not ambiguous at all.

He directly pulled out a stack of documents.

Introducing: "Our company is following up on a product recently. I can guarantee that in the next ten years, you will never encounter a project with such a high rate of return as this product..."

Ding Xin looked carefully.

It’s CDS indeed!

"Perhaps you don't know, but after my data analysis, the current housing market situation in the United States is very unhealthy..."

"This product is an insurance business that I customized for several banks..."

"I can boldly predict that between the second half of this year and the first half of next year, the American real estate market will definitely experience a major collapse..."

Michael Berry went into great detail.

Whether it is data analysis or grasp of time points, they are far better than the accounting team hired by Ding Xin...

in fact.

There is a reason why Michael Berry is so hard at selling his product.

When Ding Xin said that he had 1.3 billion US dollars, Michael Berry had already set his eyes on the money.

It’s not that he had any bad intentions.

Instead, he associated it with other clients who had entrusted him with financial investments.

among these people.

A large number of people are already dissatisfied with his large holdings of CDS insurance products.

Especially as time goes by.

This group of people has become increasingly impatient, calling every now and then to redeem their own funds.

Forcing Michael Berry to reduce his CDS quota...

Short-sighted!

This made Berry, the always conceited Wall Street wizard, very angry!

even.

He already wanted to use the emergency clause in the original agreement to freeze the account directly and suppress the funds...

however.

Although Michael Berry has some social disabilities, it does not mean that he has no emotional intelligence.

He is very clear.

If he really did that, it would be tantamount to offending these old customers, and also offending a bunch of capital bosses...

and so.

He really couldn't make this decision unless it was absolutely necessary...

but.

The appearance of Ding Xin now made him see another possibility.

If he could persuade the man in front of him to entrust all the 1.3 billion funds to him for investment management.

Then there is a lot of room for maneuver.

"is it?"

Ding Xin pretended to be confused and said, "Dr. Berry, I don't know if I understand you correctly. What you just said means that you are now shorting the U.S. housing market and betting against the U.S. government?"

"Yes, Mr. Ding!"

Michael Berry affirmed: "CDS is different from ordinary stock or bond investments. It is a real insurance product. The annual premium is only about 10% of the total amount of funds you purchase..."

"In other words, if you hold it for a year, even if you lose money, the maximum you lose is 10%..."

"But if you bet right, once the American real estate market collapses, your returns will be several times or even dozens of times your principal!"

This is obviously not the first time Michael Berry has said this.

It sounds tempting.

After he finished speaking, he saw that Ding Xin still looked hesitant.

Then he continued, "Also, Mr. Ding, if you can entrust me with financial management and agree to hold this insurance product, you can get a bigger discount!"

"Really? Can you tell me more specifically..."

Ding Xin has been acting for so long just waiting to hear this sentence.

"The foundation of cooperation is integrity. I will not hide it from you. Our company has already held a large number of CDS insurance policies for our customers..."

"However, many clients are not optimistic about this investment and want to reduce their holdings..."

Michael Berry tells it like it is.

His character.

It's really rare in this cannibalistic place called Wall Street.

If it were another company, they would definitely only try their best to exaggerate their own advantages and would never take the initiative to expose such loopholes...

Ding Xin nodded with appreciation.

"so what?"

“So, if you decide to entrust our company to purchase this product now, you can operate it and take over the CDS quotas of those customers who want to reduce their positions at a price lower than one-tenth of the original price…”

Pretty!

In fact, this is what Ding Xin thought.

Let’s use an analogy.

It turns out that a 1 billion insurance limit can generate 5 billion in profits...

So now, with the same 1 billion quota, Ding Xin only needs to pay 900 million to get the same return...

in other words.

With his capital of 1.3 billion, he can get a quota of more than 1.4 billion!

If future earnings are taken into account.

Then the difference between the inflow and outflow is several hundred million US dollars...

The bigger the base!

The profit gap will be bigger!

Seeing that Ding Xin was somewhat interested, he still hadn't made up his mind.

Michael Berry gritted his teeth.

He said, "In addition, as long as you are willing to choose our company, I can make concessions to you in terms of commission. If the rate of return does not reach 300%, then we will not charge a penny..."

"Only when the rate of return exceeds 300%, our company will take a 10% commission from the excess amount!"

Chapter 217 A sudden whim

A great offer indeed!

To know.

The current rule of capital operation on Wall Street is that fund companies will continue to collect commissions regardless of whether their clients make money or not.

And they are all drawn from the total personal holdings as a percentage...

so.

Michael Berry has made a big concession by proposing this plan.

However, Ding Xin decided to try again.

After all, who wants too much money?

"You know, according to what you said, this is equivalent to a targeted investment, so the commission still needs to be reduced..."

"So, if you are really confident in this product, then the baseline will be 400%, and the commission will be 8%..."

"If you agree, I'll go crazy with you for once and go all in. How about that?"

Done.