Back to 80: My literary life.

Chapter 829 Let professionals do professional things

The call was connected quickly, and the other party heard it was Fang Minghua's voice, with a very respectful tone.

"Mr. Fang, are you in the United States?"

"Yes, do you have time? Come to San Francisco, I want to talk to you about something." Fang Minghua said.

"Mr. Fang, I am happy to serve you, but I must remind you that although the Nasdaq stock market has plummeted, it is far from the time to buy at the bottom. If you want to enter the stock market now, I suggest you be cautious."

Phillips said.

"I didn't say I was going to enter the stock market now. It's something else. Come on over."

"OK, I'll be there soon."

“See you in San Francisco!”

Fang Minghua hung up the phone, made a cup of tea and drank it slowly.

Phillips has vision and knows that the stock market has not fallen through yet.

On March 5133, the Nasdaq stock index reached its all-time high of 3300 points and then began a plunge. In just one month, the Nasdaq index plunged to around 35 points, a drop of %!

The market was filled with wailing, and of course some people were beginning to get ready to enter the market and buy at the bottom.

But Fang Minghua knew that the current stock index was still halfway up the mountain.

Besides, after Phillips answered the phone, he immediately packed up and asked his assistant to book a flight to San Francisco, the sooner the better.

After receiving an eight million commission from Fang Minghua, he immediately fired his boss and rented a house in Chicago to open an investment and financial consulting company.

Business is still quite good, and the clients who come to apply for entrusted investment all have funds in the millions.

If he had not signed a confidentiality agreement with Fang Minghua, he would never disclose his stock investment situation. Otherwise, if this story got out, the investors who would come to him for investment would probably be worth tens of millions, and he might have set up a private equity fund.

take it easy.

In the afternoon, Phillips rushed to Fang Minghua's residence. Fang Minghua briefly asked about his situation and then told him his purpose: to hire him as his full-time personal financial advisor with an annual salary of US$500,000, with bonuses added on top.

What this means is, close that consulting company you started!
Phillips hesitated for only three seconds before agreeing.

An annual salary of 50 US dollars is equivalent to the salary of a senior manager at PricewaterhouseCoopers!
"OK, Phillips, I want to transfer some of my funds out of the United States. As my personal financial advisor, I want you to get involved in this matter."

Phillips was not surprised by Fang Minghua's decision to transfer part of the funds out of the United States. After all, Fang Minghua is not an American.

American economist James Tobin has a famous saying, "Don't put all your eggs in one basket." Obviously, Fang Minghua understands this truth.

But I only know about investment and I am not very proficient in financial and tax business.

Of course, this does not pose a problem for Phillips.

"Mr. Fang, transferring funds to a foreign country involves accounting and legal knowledge such as reasonable tax avoidance. I can contact you with a very famous accounting firm on Wall Street, and they will meet all your requirements."

"No need, I'll find an accounting firm and you just need to get involved." Fang Minghua rejected Phillips' suggestion.

This?
Phillips was confused.

Fang Minghua didn't explain, picked up the mobile phone on the coffee table and dialed a phone number.

"Hello, is this Mr. Zhang? Hello, I'm Fang Minghua." Fang Minghua spoke in Chinese.

"Hello Mr. Fang, are you in San Francisco?" The other party's voice was enthusiastic.

"Yes, I want to transfer part of the funds in the United States out, and I would like to entrust you to handle this matter. Let's meet to discuss the details." Fang Minghua stated his purpose straight away.

"Okay, come on, I'll wait for you in the office."

After Fang Minghua answered the phone, he said to Phillips, "Come on, follow me to Zhang Qing's accounting firm."

The two left home, and Phillips got into Fang Minghua's Mercedes and left the community.

Half an hour later, Fang Minghua arrived at Zhang Qing Accounting Firm and met him in his office.

"Mr. Fang, please take a seat!" Zhang Qing greeted him warmly: "Tea or coffee?"

"Tea." "Lina, make tea for Mr. Fang and pour a cup of coffee for this gentleman." Zhang Qing immediately ordered his secretary.

"This is my personal financial advisor Phillips." Fang Minghua took the initiative to introduce.

"Hello, Mr. Phillips!" Zhang Qing shook hands but muttered to himself.

What kind of plane?
There are actually private financial advisors?

Zhang Qing complained in his heart and immediately got to the point: "Mr. Fang, how much money are you going to transfer?"

"I need to ask for your opinion on the details." Fang Minghua did not speak Chinese this time but English, so that Phillips could understand: "Part of it is in the mainland, part of it is in Hong Kong, and part of it must be deposited in a Swiss bank. At least one billion US dollars must be deposited."

One billion? !
Zhang Qing almost thought he had heard it wrongly.

"Yes, Mr. Zhang, Mr. Fang now has about 80 billion US dollars in his account, and you need to make proper arrangements according to his wishes." Phillips immediately got into the role.

Why did the boss let me participate?
Isn't it to play a supervisory role and ensure the boss's best interests?"

80 billion? !

US dollars? !
Zhang Qing was stunned for a moment and didn't speak for a long time.

"Mr. Zhang?!" Phillips reminded.

Zhang Qing woke up and quickly returned to professional mode.

"OK, I will arrange for someone to handle it, give you reasonable advice, and ensure your best interests."

"Please keep it secret."

"No problem, this is the most basic professional ethics."

"Also, Phillips was involved in this matter throughout." Fang Minghua added.

Zhang Qing was stunned, but a smile immediately appeared on his face: "Okay, we will work closely with Phillips."

After the two signed the agreement, Fang Minghua and Phillips were about to leave but were stopped by Zhang Qing.

"Mr. Fang, when are you free can we bring our family members together for a get-together? Have a barbecue or something, and invite Meng Dawen's family along?"

"Okay, you arrange it." Fang Minghua said with a smile.

After leaving Zhang Qing's office, Fang Minghua said to Phillips: "You will be in San Francisco soon. Wait until everything is done before leaving."

"OK."

"Shall I take you back to the hotel?" Fang Minghua said again.

"No, no, I'll take a taxi back. My hotel is not far from here." Phillips replied quickly. How could he let his boss drive him?
Fang Minghua didn't insist and drove away.

Phillips took a taxi and went back to his hotel, thinking about what had happened today.

"Now that I am Fang Minghua's personal consultant, should I move my family to San Francisco? So as to avoid running back and forth, I can take some time to visit Kewei International Real Estate and see if there is a suitable villa.

As I was thinking about it, I thought about the issue of fund transfer.

You have to keep a close eye on this matter, and make sure there are no tricks in the transfer of funds. You can't let your boss suffer a loss, and you can't set a trap for your boss because of tax issues."

Soon, Zhang Qing's office gave Fang Minghua a suggestion: In view of the fact that the United States has strict controls on large-scale capital outflows, it is recommended to transfer 500 million US dollars to the mainland and Hong Kong respectively, deposit 1 billion in a Swiss bank, and transfer the rest gradually if needed later.

Fang Minghua consulted Phillips again and agreed.

When I got home, I saw that it was four o'clock in the afternoon. There was still some time before I had to pick up my daughter. After thinking about it, I went upstairs to the bedroom, picked up the landline phone, and called Song Tangtang.

It's eight o'clock in the evening Beijing time now, she should be at home.

Sure enough, the call went through. Fang Minghua first asked about the two children, and then told his wife what had happened today.

"Tangtang, how is the matter you asked your father to do going?" Fang Minghua asked.

"It's done. A donation of 2 million US dollars. Which leader would not welcome it?!"

(End of this chapter)