American Ranch

Chapter 300 The Impact of the Financial Crisis

After swinging dozens of clubs, my arms are a little sore.

After going home to take a shower and watch some TV, Bai Xiaoou has already arrived with a motorcade, three Lamborghini Reventons, covered with black cloth...

Chen Mo opened the doors of the garage, went over to hug Bai Xiaoou and Luo Chen, and said with a smile, "You two must have something to do when you come here together."

Bai Xiaoou looked at the workers in the car dealership: "I'll talk about it later. Let's take a look at your car first."

"OK."

Three Reventons, one dark green and black, and two matte black.

The dark green and black one should be a private collection, and I have never seen it on the Internet or in magazines.

The two matte blacks are relatively common, and many Ravingtons have this color.

"The dark green and black one is worth 341 million dollars. It has never been photographed. The total mileage is only more than 400 miles. It has not been driven much. The other two, one hardtop and one convertible, are 239 million and 289 million respectively. I have been photographed. The hard top has run more than 8000 miles, and the open top has less than [-] miles..." Bai Xiaoou introduced.

"Is there anything wrong with the inside of the car?"

"No." Bai Xiaoou cut a cigar for Chen Mo: "There are two more, one is hardtop and the other is convertible. , That’s amazing, Reventon in the United States, you have collected almost half of it by yourself.”

Chen Mo shrugged, and took the workers from the car dealership, as well as the workers from Lamborghini, into the garage to do a comprehensive maintenance on his other cars.

Like a limited edition supercar, if you want to store it properly, you have to move it once a month or two, otherwise it will be more likely to break if you leave it alone.

In the garage, there are two Reventons, a Porsche 918, an SVJ63, and other cars that are not often driven.

It costs money to maintain these cars, all the cars are maintained at one time, and the bank interest for one day is gone...

A comprehensive maintenance of 10,000 [-]+, if it is delayed, Chen Mo will definitely feel distressed.Now, it's just a day's deposit interest... No, it's the income of fund wealth management products.

Sending the workers away, let alone Chen Mo and the others, Bai Xiaoou said, "What's your next step?"

"What's next?"

"You have earned more than two billion yuan. Don't want to invest? The end of the year is coming soon, and you have to start filing taxes... At least think about how to avoid taxes." Bai Xiaoou said.

"I don't plan to invest anymore. I handed it over to the bank for tax avoidance and bought a fund wealth management product with full insurance. I handed over all the tax matters to the bank..."

"The price of gold has reached US$1406, don't you want to make another move?" Bai Xiaoou was speechless.

Chen Mo had a toothache and shook his head: "I'm not interested anymore. It's not like you don't know how risky gold speculation is. If I continue to play, I have a bad heart and I can't bear it. Wealth is wealth that can be kept, and wealth that cannot be kept , It's all floating clouds..." Chen Mo has 21.3 billion dollars, if all of them are stored in the bank, that is, if he buys a wealth management product with full insurance, he will eat 1 million dollars in interest a year.

Investing, if you want to make money, it is impossible to have no risk at all.

Like the previous trader, in order to earn super high profits, they also took super high risks...

Even if the price of gold reaches $1500, buying short does not mean that there is no risk at all.If you want to earn high profits, you need to build a position in advance. That...is another capital bet.

If you win the bet, you will get a lot of money, but if you lose the bet, everything before is just a cloud.

Chen Mo has enough money.There is no need to gamble anymore...Although Chen Mo also wants to become a billionaire...But, no matter London Gold, New York Gold, or other markets that can use high leverage, they are far more complicated than the data that they see.

The total capital invested at the beginning was 4 million.

Ellie's continuous misjudgment during the trading process, those are probably not mistakes.This is Ellie's time to analyze, it's not a mistake, but a big capital wants to eat them.

This...is entirely possible.

Large-scale hedge funds have tens of billions of capital at every turn, Chen Mo and the others eat meat like a tiger, and they are very lucky to get it.

Bai Xiaoou felt a little regretful: "This is a good opportunity, are you really going to try again?"

"We were lucky enough to win last time. Spot gold is a trap. If you want to play, just play futures, and don't bet too much. Seriously... a small gamble, A big bet... hurts the liver."

"Okay. I know about spot gold. If you don't play it anymore, I will definitely not touch it. At most, I will wait until the end of the financial crisis to buy the bottom of the stock market. It is a business that can make a profit without losing money." Bai Xiaoou smiled.

"How about Huafeng Group? Is it greatly affected by the financial crisis?" Chen Mo said.

"It's miserable." Bai Xiaoou spread his hands together: "You know, we closed a total of 35 stores last month. But even so, we still can't make ends meet and lose money every day. At most A loss of more than 300 million... let's get through it, fortunately we have prepared in advance and have sufficient cash reserves."

A loss of more than 300 million in a day... and even worse, it affected the company's project in Napa Valley.

In this financial crisis, if he hadn't made money from the spot gold market, Chen Mo would not know how depressed he is now.

If there is no financial crisis, Huafeng Group will be able to go public next year.Chen Mo holds nearly 6000 million shares, and according to the scale of Huafeng Group, both turnover and profit are much higher than Barbona's. If it goes public, its market value will definitely be higher.

When Barbona went public, its market capitalization was $55.5 billion.

"By the way, are you looking for Cohen to avoid taxes for you?"

"Well. Regardless of whether it is a big bank or a small bank, there is a tax avoidance business for bank customers. You can go over and find out..." Chen Mo looked at the time and it was almost noon: "Stay here for dinner, I'll go buy some seafood and come back."

"Forget it. Let's rush back to San Francisco first, and just eat something on the way. There are still many things in the company, and I have to go back and review the financials to see if those stores are not doing well, and continue to lay off employees."

Chen Mo shook his shoulders: "Okay. I also have something to do in the afternoon, so I have to go out."

The closed stores of Huafeng Group are mainly 'Tang Xia Yi Pin' and 'Lao Shu Feng Hot Pot', and the business of fast food restaurants is still good.

It is said to be closed, but it is actually a large number of layoffs and vacations with basic salaries.

Temporary workers who do not have a formal contract are directly on leave, which is equivalent to resignation.There are also many regular employees who take a basic salary for vacation...

Only a few restaurants are actually closed, and other restaurants are still open... The restaurants that were said to be "closed" just now are all large restaurants with twenty or thirty employees, but now half of the workers are left, or even less, just like Closing the door makes no difference.

Before the financial crisis, Huafeng Group had more than 5000 employees including regular workers and temporary workers.Now, about 1000 to [-] percent of temporary workers are on vacation, which means that more than [-] people have been laid off in disguise.There is no way, the business is not good, and there are so many employees that cannot be supported.

Among the four companies under the Huafeng Group, the least affected one is Hegu Catering.The company now has 5 stores, and the business in the Los Angeles store is still booming. In the past, reservations were still required for meals.The business of the Twin Peaks restaurant is not as good as before, and it is also profitable.The Dawgson restaurant in San Jose has been in business for a long time, and now the business is booming... It can be seen that under the financial crisis, rich people still have money, and there is still a high-consumption market...

Minimal impact, but not all impact.

The second is the Shufeng chain fast food company, which is also affected, and is still profitable on the whole.The most influential ones are the hot pot restaurant "Laoshufeng" and the high-end Chinese restaurant "Tangxia Yipin".

　I will try to write as little as possible about business and making money later.

　　Write more about the ranch, life, cute pets...

　　
　
(End of this chapter)