Breaking Up Is Better Than Divorce

black rock

The next morning, the brothers woke up from their luxurious bed and left the hotel after having lunch.

“Take it here. Come out with the sign here.”

Eugene, who walked about a block from the hotel and stood in front of an office building, placed an order for her brother.

“uh. okay.”

Now that I’m used to it, Yoosung silently took pictures first.

“Black Rock? What are you doing here?”

“BlackRock Asset Management. It’s the world’s most money-making place.”

After taking a lot of forms and taking pictures, Eugene answered.

“The most money in the world? How much money do you want to roll?”

“Let’s see… it’s going to be a little under five trillion dollars by today’s standards.”

“Five trillion dollars? how much money is that What was our GDP?”

Yoosung put on a puzzled expression.

“About a trillion dollars. That means the money this company is making is horrendous.”

Eugene confidently entered the building, thinking that one day he would be able to roll that much money too.

“Why are you here?”

“Of course, to ask them to manage our assets. I have a promise.”

While talking, he approaches the reception on one side of the lobby and introduces him, then directs him to go up to the conference room on the 23rd floor.

“When did you make an appointment? I didn’t even know we were together.”

“When in LA. When I applied for permanent residency, I asked my lawyer to connect me here.”

“ah. So, are you going to leave the winnings here?”

Yoosung has a somewhat reassured face.

“uh. Most, if not all, will. After all, the amount of money that can be invested in coins is limited.”

When we arrived at the meeting room we were shown, several people were already waiting for us.

“Nice to meet you. This is William Yun.”

Among the three men, the one who greeted me as the representative was a man of Asian descent.

“Nice to meet you. This is Eugene.”

“You called me. thank you.”

William Yun smiled and reached out to shake hands.

“Yes. I heard that BlackRock has a manager from Korea. This is my first investment like this, so I want to work with someone who has room for mutual consensus.”

“thank you. There are quite a few Koreans in BlackRock, but they chose me. Need investment advice?”

It is also a well known fact. Eugene chose BlackRock not just because it is the largest asset manager.

Because he knew that William Yun was here at this time.

Among the people that Eugene had met in the United States in the past life, he was the most outstanding and reliable person.

William and I initially had a public relationship.

And perhaps because of the fact that they share similar pains, the two were able to get closer as humans.

Having been in a relationship for nearly 20 years, Eugene knew well that he was a very trustworthy person.

“yes. We talked over the phone, but we won the Mega Millions.”

It’s pretty awkward to greet someone you’ve been friends with for a long time as a stranger.

But at the same time, it is also quite fun. I feel like I’m playing some kind of role-playing game.

“I know. You said you won a prize of $430 million. Welcome. You have to manage such a large sum well, and if used incorrectly, it often collapses like a sand castle in an instant.”

“That’s it. I’ve never heard of people winning the lottery and going bankrupt a few years later. I was thinking of leaving it to a regular investment bank, but it would be better to contact the world’s best asset management company.”

“It’s an excellent choice. We, BlackRock, are generating stable and high profits by attracting many high-income earners as well as investment institutions from around the world as customers.”

William seems to be very proud of BlackRock.

But one day he will find his own way and become independent.

“After hearing that you are visiting, we have come up with some suitable investment plans.”

The desk was full of various brochures.

“First of all, we are going to invest 200 million dollars. About half of them are in safe-haven assets, and about half want to invest in high-yield investments with little risk.”

“Then I will make a recommendation for safe assets first.”

They were mostly fund products, and William Yun began to explain each product one by one.

“And if it’s a high-yield product, it’s not bad to use a little leverage to invest in futures or derivatives.”

As Black Rock is called the fund’s department store, there were a lot of funds related to derivatives.

“Individual futures investments are also worth considering. Oil futures are 1,000 barrels per contract. At current prices, that’s around $102,000 per contract.”

A day passed just by listening to the description of the product, asking the necessary questions, and talking about it.

“Oh yeah! Can we take a picture together? I’m going to post it on social media as a commemoration of trading at BlackRock.”

Eugene asked William Yoon.

“Sure.”

William Yoon smiled pleasantly next to Eugene and accepted the photo shoot.

Yoosung took the picture without delay.

“Then I will come back tomorrow.”

“That’s right. We will do our best to make tomorrow a more beneficial time.”

William Yun was a great sales manager. Despite the long explanation, he did not look tired at all, and he maintained a smile until the end.

“Wow. There are so many financial products out there.”

As he left Black Rock that afternoon, Yoosung stuck out his tongue.

“What do you think? Did you have fun?”

The reason I had to listen to all such explanations was actually for my younger brother. It is unknown which path Yooseong will choose in the future, but these various experiences will be of some help.

“I don’t know about fun, and I thought it was very complicated.”

Yoosung, who has never invested in stocks in Korea, is still foolish.

“right? learn step by step I will become bone and flesh to you.”

You don’t necessarily want Yoosung to learn how to invest.

Rather, it is enough to know how big money works.

In the future, he will also wield an enormous amount of money, but it will be difficult if he does not know anything about finance.

“But leverage is the most difficult thing.”

It seems that he did not understand everything just by listening to the conversation between William Yoon and his brother.

“Leverage refers to borrowing and investing. Well, to put it simply, investing in stocks or other financial products that are multiples of my money.”

“So you’re saying you bought stocks with debt?”

I have no experience in stock investing, but I think I’ve heard of it.

“It’s hard to see exactly what I live for. When you pay a certain amount of margin, the broker buys the investment at the agreed-upon leverage ratio. At this time, the leverage can be as small as two times, as high as ten or twenty times, and in severe cases, more than 100 times. It’s an investment of 100 million won with a million won.”

“Are you paying that much debt to buy stocks? Isn’t that illegal?”

Yoosung asked, confused.

“Of course, it is a legitimate investment. In Korea, we are selling a product that can be leveraged up to 10 times called CFD. With 100 million won, you can buy 1 billion won worth of stock. Even more so on Wall Street, where there are not as many regulations as in Korea.”

“Wow······.”

“There are a lot of different high-leverage products, not just for difference settlement transactions. They say that investment banks and hedge funds use an average of 30 to 40 times leverage.”

“It’s 30 times the average….

“If you buy a stock with 100 million won and it rises 1%, you make 1 million won, but if you have the same 100 million won, you can buy 4 billion won worth of stock with 40 times the leverage, and you will make 40 million won.”

“Then the damage is so great!”

Yoosung understood the point right away.

“Sure. That’s why it’s called speculative capital. The investment experts here on Wall Street are, in effect, gamblers. It’s not unusual for fund managers to indulge in alcohol, nightlife and drugs at the end of the day. Because I am continuing the dangerous gamble of walking the tip of a sword like that every day.”

“But you’re going down such a dangerous road too?”

Yoosung remembers talking to BlackRock manager and asking how much leverage he can use.

“it’s okay. It’s free money, so I’ll have to look for a room.”

“uh······.”

Yoosung didn’t seem to want to, but he had an expression that he couldn’t help it because he said he was going to spend his money.

“But in Korea, you do that 10 times?”

That is absolutely unbelievable. No matter how uninterested in stocks, it probably won’t be 10x.

“Nobody can do it. You have to be registered as a professional investor, and in the end you have to show that you have enough money to invest. In other words, all you need is money.”

“It’s amazing that you can do that in Korea anyway.”

“By the way, Korea is a yangban. There are several measures in place to prevent the general public from making too risky investments. But countries that have to boost stock prices do encourage it.”

“From the country?”

“In the case of China, there are some people who recommend such borrowing transactions to boost the stock market to show the government’s performance. If the number of people using leverage increases like that, it affects the stock price quite a bit. When many individuals buy and sell 1 billion won worth of stocks with 100 million won, the liquidity increases.”

“That’s right, but…”

“Even so, Chinese people like to gamble, and the government has even laid out the boards like that, so it seems like you and I are in a lot of trouble right now with investing. As a result, the Chinese stock market seems to have bubbled quite a bit.”

“Ah, that’s right. It’s difficult… Anyway, there’s a lot to learn in the world. I thought only fluid mechanics was difficult.”

That evening, I picked some good photos from Black Rock and posted them on social media.

#BlackRock Asset Management #5 Trillion Dollars

#Korean #Manager #William Yoon

– You’re cool!

– $5 trillion is a cool dream.

In general, articles posted on social media are favorable.

However, the situation is a little different when the post is posted to the community by Fur.

– What is five trillion dollars?

– Did you miss out on $500 million? But isn’t this brother’s fortune 200 million dollars?

– Five trillion won.

– Anything is a bit strange.

– BlackRock Asset Management is the largest wealth management company in the world. That’s $5 trillion in funds under the management of that company.

pretend that someone knows

– 5 trillion dollars makes sense?

– Five trillion won. Ha ha ha

– It’s real. BlackRock is a giant with more money under management than all private equity and hedge funds in the world combined.

– Ugh! Nonsense!!

– Talked! It’s real!

As the information spreads, it also burns with a company called BlackRock.

– But why did you go to that company? brother.

– Of course, you’re going to leave the money. and! Even if it’s me, I’ll leave my money to something like that. In a place like that, you wouldn’t be deceived, would you?

– But even such a company has a Korean manager.

– Of course. How many Koreans are on Wall Street these days?

– I think he’s more handsome.

– That’s right. This hyung just won the lottery, but that hyung is in that position with his own abilities.

– brother! cool! Contact me!

“Everyone is busy.”

Yooseong, who read not only the comments on this post today, but also went around the community to find and read the comments on the posts.

“What do you think? Any comments?”

“uh. The comments have been terrifying since I posted a picture of the hotel.”

“okay? It’s worth the money spent.”

“No, I don’t know if it’s worth 200 million won or not.”

“Of course, I wasn’t just trying to get a reaction out of comments.”

Posting on social media and attracting people’s attention was only a small part of his plan.

The next morning, while I was still spending my leisure time without going out, the doorbell rang.

“I will go out.”

The academy’s two bodyguards, who had followed them all the way to New York, rushed to the front door, and as John opened the door, Roger stood a little further away, his hand on his holster, paying attention.

“I want to talk to the person staying here.”

When I opened the door, an Asian dressed in a suit stood there and spoke in awkward English.

“Who are you?”

“I have come to offer you something. Would it be okay if we talked for a moment?”

“Please identify yourself first.”

John said sternly.

“Uh, um. I am from Korea.”

“Isn’t that your identity?”

“uh? Uh… So. We cannot identify you right now. First, listen to my proposal, and then I can tell you.”

“What should I do? boss?”

Roger looked back and asked.

“it’s okay. Bring it in.”

Eugene answered without hesitation.