Back to 80: My Literary Life
Chapter 829 Let professionals do professional things
The call was quickly connected, and the other party heard Fang Minghua's voice and spoke in 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 have to remind you that although the Nasdaq stock market has plummeted, it is far from the time to buy the bottom. If you want to enter the stock market now, I suggest you be cautious."
Phillips said.
"I didn't say to enter the stock market now, it's something else, you come."
"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.
This Phillips still has vision, and he also knows that the stock market has not fallen through.
On March 9, after the Nasdaq stock index reached its historical high of 5133 points, it began to plummet. In just one month, the Nasdaq index plunged to around 3300 points, a drop of 35%!
The market was filled with wailing, and of course some people were ready to enter the market to 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 his things and asked his assistant to book a flight to San Francisco, the sooner the better.
After receiving Fang Minghua's 8 million commission, 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 handle the entrusted investment are all clients with funds in the millions.
If he hadn't signed a confidentiality agreement with Fang Minghua at the beginning, he would never disclose his stock investment situation. Otherwise, if this story was told, the investors who came to him to invest would probably be tens of millions of investors, and it would not be a bad idea to set up a private equity fund.
Take your time.
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 500,000 US dollars, and bonuses were not included.
The implication was to close the consulting company you opened yourself!
Phillips hesitated for only three seconds before agreeing.
An annual salary of $500,000 is equivalent to the salary of a senior manager at PricewaterhouseCoopers!
"OK, Phillips, I want to transfer part of the funds out of the United States. As my personal financial advisor, I want you to participate 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 he only knows how to invest, and is not very proficient in financial and taxation business.
Of course, this is not difficult for Phillips.
"Mr. Fang, transferring funds to a foreign country involves reasonable tax avoidance and other accounting and legal knowledge. I can contact a very famous accounting firm on Wall Street for you, and he will meet all your requirements."
"No, I'll find an accounting firm, and you can participate." Fang Minghua rejected Phillips's suggestion.
This?
Phillips was confused.
Fang Minghua did not explain, picked up the mobile phone on the coffee table, and dialed a phone number.
"Hello, Mr. Zhang? Hello, I'm Fang Minghua." Fang Minghua spoke Chinese.
"Hello, Mr. Fang, are you in San Francisco?" The other party's voice was very enthusiastic.
"Yes, I want to transfer part of the funds in the United States, and I want to entrust you to handle this matter. Let's meet to discuss the details." Fang Minghua stated the purpose directly.
"Okay, come on, I'll wait for you in the office."
After answering the phone, Fang Minghua said to Phillips: "Let's go, follow me to Zhang Qing Accounting Firm."
The two left home, and Phillips got in Fang Minghua's Mercedes-Benz and left the community.
Half an hour later, Fang Minghua came to Zhang Qing Accounting Firm and met him in the office.
"Mr. Fang, please sit down!" Zhang Qing greeted enthusiastically: "Tea or coffee?"
"Tea."
"Lina, make tea for Mr. Fang, and pour a cup of coffee for this gentleman." Zhang Qing immediately instructed 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 in his heart.
What kind of plane?
There is actually a personal financial advisor?
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, in order to let Phillips understand: "Part of it will be in the mainland, part of it will be in Hong Kong, and part of it will be deposited in Swiss banks, at least one billion US dollars."
One billion? !
Zhang Qing almost thought he had heard it wrong.
"Yes, Mr. Zhang, Mr. Fang now has about 8 billion US dollars in his account, and you need to arrange it properly according to his wishes." Phillips immediately got into the role.
Why did the boss let him participate?
Isn't it to play a supervisory role and ensure the boss's greatest interests? "
8 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 entered a professional state.
"OK, I will arrange for someone to handle it, give you reasonable advice, and ensure your greatest interests. ”
"Keep it confidential. ”
"No problem, this is the most basic professional ethics. ”
"Also, Phillips participated in this matter throughout." Fang Minghua added.
Zhang Qing was stunned, but a smile immediately appeared on his face: "Okay, we will work together 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 we free to bring our families together? Have a barbecue or something, and invite Meng Dawen's family?"
"Sure, you arrange it." Fang Minghua smiled.
Leaving Zhang Qing's office, Fang Minghua said to Phillips: "You are in San Francisco recently, wait until everything is done before leaving."
"OK."
"I will take you back to the hotel?" Fang Minghua said again.
"No, no, I will take a taxi back. The hotel I live in is not far from here." Phillips hurriedly replied. How could he let his boss drive him?
Fang Minghua did not insist, and drove away by himself.
Phillips took a taxi and thought about what happened today on the way back to the hotel.
"Now that I am Fang Minghua's personal consultant, should I move my family to San Francisco? In order to avoid running back and forth, I should take some time to visit Kewei International Real Estate. Is there a suitable villa? .
Thinking about it, I thought about the transfer of funds.
I have to keep a close eye on this matter. Don't let any tricks appear in the transfer of funds. I can't let my boss suffer losses, and I can't dig a hole for my boss because of tax issues."
Soon, Zhang Qing's office gave Fang Minghua a suggestion: In view of the strict control of large-scale capital outflows in the United States, it is recommended to transfer 500 million US dollars to the mainland and Hong Kong respectively, and deposit 100 million in Swiss banks. If there is a need later, the rest can be transferred out gradually.
Fang Minghua consulted Phillips again and agreed.
When I returned home, I saw that it was four o'clock in the afternoon. There was still some time before picking up my daughter. I thought about it and went upstairs to the bedroom. I picked up the landline phone and called Song Tangtang.
It was eight o'clock in the evening Beijing time. She should be at home.
Sure enough, the call went through. Fang Minghua first asked about the two children's situation, and then told his wife what happened today.
"Tangtang, how is the matter you entrusted your father to do going?" Fang Minghua asked.
"It's done. Which leader would not welcome a donation of 200 million US dollars?!"
You'll Also Like
-
The extraordinary life of a certain American comic
Chapter 200 11 hours ago -
American comics: Starting from a copycat arms dealer
Chapter 231 11 hours ago -
From the waste of spiritual roots to the practice of asking the devil
Chapter 380 11 hours ago -
Trickster Hunter
Chapter 363 15 hours ago -
Expedition to Europe
Chapter 1080 16 hours ago -
The giant corporations that started in Night City
Chapter 385 18 hours ago -
Marvel's Chronicles of Multiverse Warfare
Chapter 855 18 hours ago -
The apocalypse is weird: I am the number one containment object, what's wrong with being a litt
Chapter 612 18 hours ago -
Time and space transaction: Exchange food for the elf princess at the beginning
Chapter 503 18 hours ago -
I, the villain, trained the loser into a dark boss
Chapter 374 18 hours ago