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God of Money (Web Novel) - Chapter 67: <It’s him>
Chapter 67: ’s>
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After checking his message, Woosung grinned.
‘Perfect.’
He was getting closer to Choi Gichul. He didn’t ask Shin Semi, but Woosung thought there was a good chance he was a part of this group. The possibility filled Woosung’s vengeful heart with a dab of maniacal glee.
“Now that the news of our new cell phone is out, all that’s left for us is work harder. Are you going to go back to the office right away?” Jang Gwangchul asked Woosung.
“Yes. I have lots to do.”
“It’s hard for employees when the boss works too hard. So don’t overdo it.”
“Haha, I know.”
“Great. So what are you going to work on first? Coconut? Blue S? Perhaps, algorithm trading?”
Woosung had something else in mind.
‘The exchange rate will go up to 15.00 by March, so I should make some money from it.’
The first thing he needed was to look into the future of currency.
Jang Gwangchul glared at Woosung. “Boss. Boss?”
Jang Gwangchul had a gut feeling. Woosung was thinking about making money. He knew it, but he couldn’t figure out the specifications of his schemes.
“What are you thinking about? Tell me.”
It was like Jang Gwangchul had the sixth sense when it came to money, but Woosung had no intention of sharing investment ideas with him.
“I’m going to start on Coconut. I’m going to try to hire Korea’s biggest star Lee Ari.” Woosung answered posthaste.
“Lee Ari?” Jang Gwangchul’s eyes widened.
Lee Ari.
She was Korea’s top star even in 2018. Her father and grandfather were both high ranking government officials. She was both a brilliant actress and a talented singer. Since she came from a rich family, she was known for not getting involved in company sponsorships or tv commercials. She only focused on her artistic career.
“Don’t you think she would be perfect? I plan on having her featured on our tv commercial and release a video of her chatting with users using Coconut.”
“How would you be able to hire Lee Ari? She is known for not getting involved in any TV commercials.”
“That is why she’s perfect if we want to attract users.”
Jang Gwangchul murmured. “How would you do it? She is impossible to get. I would love to meet her.”
“Haha…You’ll meet her soon.”
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After returning to the office, Woosung opened the HTS screen.
Available cash: 76,516,400.10
Even after purchasing two apartments, a building for his parents, and the current office building, he still had over 70 million dollars in cash.
“Let’s see…”
Woosung checked the current exchange rate.
February 7th, 2009: 13.8270
After checking the number, Woosung clicked the icon “Currency Future.”
“U0902.”
He clicked it.
The button meant the rate of currency on February 2009. There were many real-time transactions being made as he watched the screen.
Approximately 500 dollars
1 Tick equaled 0.01 cent.
For every 0.01 cent increase in rate, there was a profit of 1 dollar. With 10,000 dollars in the bank, one could purchase 20 contracts.
By the first day of March, the rate would increase to 15.00. This was a chance for Woosung to make a huge amount of money. He clicked every button with the speed of a blazing breeze. He bought hundreds of contracts.
Woosung wanted to invest his money the right away, but placing this much money could cause unexpected changes to the market. He needed to be patient and buy bits at a time.
Woosung made similar purchases in the American market as well. He didn’t expect to make as much money as he made during the financial crisis, but any profit is a good profit.
On February 9th, the rate went down to 13.7910 from 13.8270. A red alert button blinked on Woosung’s account, but he continued to buy.
Alex, who was working at Woosung’s financial corporation in America, called and asked him.
“Boss, you are losing about 25 million dollars from the currency futures market right now. I wanted to make sure you are aware of it, and that this seems to be the trend. There is a good chance it’s going to go down further.”
“I don’t care. Put in an additional 100 million dollars.”
“I…you already put 100 million dollars in. Are you sure you want to double up right now?”
“Yes,” Woosung answered with unfazed confidence.
Alex couldn’t understand. Woosung was losing money, and he was asking to put more money into a losing market.
Oh my god!
Alex thought Woosung was crazy.
“Boss…I must advise against it. No one would invest like this. It’s too risky.”
Woosung didn’t listen. “100 million today and another 100 million tomorrow, please. I plan to put every available cash I have into this.”
He sold a lot of his assets recently and had 800 million dollars to invest. Woosung planned to go all-in.
“…”
“Alex?”
“…Are you sure, boss?”
Woosung said once more with a firm tone. “Yes, put all 800 million dollars in.”
“You could lose half of it very easily. Are you still sure about it?” Alex said weakly.
Woosung did not change his answer. “Yes.”
Alex was being paid 500,000 dollars per year to work for Woosung. He really wanted to do his best to aide him, but at the end of the day, he had to follow his order.
“Fuck…”
Alex swore as he placed Woosung’s orders.
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A large hedge fund company called Ryan Capital had an employee named Williams Liam who worked as a quant for a currency future 304 algorithm department. He graduated early from Harvard, and after receiving a master’s degree, he chose to work on Wallstreet.
He was able to survive the recent financial crisis. He trusted his math, and he was able to predict the crisis.
“This is strange…”
An unusual increase in purchases was noted in his system. His trading system’s Sharpe ratio increased from 2 to 4.
“Someone’s making huge intentional purchases…”
Hundreds of millions were being used. This much money meant a country or a large hedge fund was involved.
Williams Liam contemplated.
Should he buy too, or trust the trend?
…Or should he just watch?
He had three choices to choose from.
His salary depended on his performance. Since he has made the right choices in the past, he was being paid a million dollars a year at the young age of 29.
Williams thought carefully.
“Should I…”
On February 14, the exchange rate went up to 14.0110. Woosung made tens of millions of dollars that day.
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Alex exclaimed and texted Woosung. He read the message and got out of the car. Today was the KYLO’s welcoming party for him. Already, the place was surrounded by several luxury cars.
A familiar face appeared in front of him from out of nowhere.
Shin Semi.
Wearing a sexy violet dress, she looked like a celebrity. Woosung stood beside her.
“Let’s go in.”
As they walked, a stranger waved and approached them. He spoke with Shin Semi with a tone of familiarity.
“I was surprised to hear you give a recommendation for someone. This must be him. He must be someone special!”
Woosung’s eyes lighted with fury as he clenched his fists.
Shin Semi gave a disinterested nod. The man came towards Woosung and offered his hand.
“Hello. My name is Jung Jinsup.”
Bitmain’s CTO from Woosung’s previous life.
Woosung greeted him.
“N…nice to meet you. My name is Kang Woosung.”
