Breaking Up Is Better Than Divorce

hedging

Meanwhile, negotiations with Trump Organization are over.

“The final offer price is $23.5 million.”

After several days of tug-of-war, $4.5 million fell.

Rent did not come down very often, but the selling price fell a lot.

It means that the owner is willing to sell.

“It’s great…. Did you cut 5 billion?”

Yoosung thought he had been cut much more than he thought.

“What. I didn’t cut as much as I thought. Actually, most of the high-rise houses in New York or LA are like that. The more expensive the house, the more limited the number of consumers, and it is common that even if it is put on the market, it does not go out for a year or two. Not 20%, but almost half. It’s not uncommon to even drop by one-third.”

Eugene knows that Ronaldo bought this Trump Tower home for $20 million next year, put it up for sale after Trump left office, but rarely went out, selling it at half the loss.

Still, Eugene didn’t care.

Apartment prices will go up until Trump announces his candidacy next year and is elected president.

And frankly, it doesn’t matter if the price goes down.

Anyway, I needed a house to live in during my stay in New York, and another house of the same size was more expensive.

Eventually, Eugene decided to purchase the apartment.

No, I made the decision from the beginning.

“William. I’m thinking of buying a house this time. Where can I get a decent mortgage? I can’t get a mortgage for Koreans because my green card hasn’t come out yet.”

“I guess so. For foreigners, the down payment goes up to 40%, right?”

“It looks like that. But the house price is a little high, so I give it 40%.”

“How much house did you see?”

William asked with a smile.

“At first we called 2,800, now it has dropped to 2,350.”

“Wheeyu! That’s a rare thing in Manhattan. See you, One 57?”

It was around the time when the newly built mansion called One57 was being talked about among New Yorkers.

But Eugene shook his head.

“It’s Trump Tower.”

“Aha! But isn’t it a little old there?”

“Still, it was clean inside. Well, isn’t it common to see mansions over 100 years old in Manhattan?”

“It does. I knew. I will find out.”

In just one day, William introduced me to a bank with a down payment of up to 20%.

It was probably thanks to the fact that he had a huge amount of assets worth 200 million dollars in BlackRock.

“Then why are you a Chinese bank?”

Yoosung asks gently. It seems that the Dasan Motor Company has raised awareness about the Chinese people.

“Right now, China is overflowing with capital. And we are trying to increase overseas sales as a policy. That’s why I’m pretty good at getting loans that aren’t good at regular banks. And there is such a thing as Kwonsi, so if you have a personal network, it’s something that shouldn’t be done.”

“Isn’t there a problem?”

“Of course. He probably wouldn’t have come out with a liver enough to do crazy things while operating in the world’s financial capital.”

“So, you’re paying $130,000 a month for the next 20 years? After all, if you include taxes and administrative expenses, it’s $2 million a year… That’s money to buy an apartment in Gangnam every year…”

“You look great when you say that. haha.”

That being said, it’s a penny that only accounts for 1% of Eugene’s assets.

“I would like to see a list of real estate handled by Trump Organization. If there is such a cool thing, I would like to buy more. Of course, other real estate other than houses are also good.”

After signing the contract, I asked an employee of Trump Organization.

“All right. Then we will prepare our real estate portfolio.”

When he says he is willing to buy more real estate, his face turns red.

Thus, the first paving for the Trump family was laid.

Now we just have to wait for a response.

A few days after signing the contract, the brothers moved to Trump Tower.

I didn’t have any luggage anyway, so there was nothing to say about moving.

Yoosung worked hard to film all over the house, and posted the picture right away that afternoon.

#Trump Tower #Central Park #First home

“Is this enough?”

Yoosung posted a picture of his brother looking down at Central Park from the inside of the colorful house and the terrace, then wrote a tag and asked.

“Good work. But it came out really arrogant.”

Although that was the intention, Eugene thought it was a bit cramped when she saw a picture of herself wearing a brioni suit she bought from Beverly Hills and holding a whiskey glass.

“Yesterday’s post has already spread to the community.”

“It will.”

“Look, everyone is envious. I think you already know how expensive this luxury mansion is. It’s no joke to say that you bought an expensive house that even the Korean chaebol can’t afford. haha.”

Now that he’s used to malicious comments, Yoosung smiled and showed the post he was looking at.

– Are you pretending to be a chaebol just because you hit the lottery once?

– Usually, when big money comes in that you don’t expect, you get excited like that and then you become a beggar.

– That sounds like a good thing. New York’s real estate rise is not unusual. It may double in a few years.

– but. Real estate speculation is the best in Korea or the United States. well thought

Among those posts, there was an article that did not come up from time to time.

– He’s a garbage man. Abandoning my fiancee and having fun alone, right?

– He’s the bad guy. It’s a shame to call you human.

– How could you do that the day before the wedding?

And once such a post starts to be posted, comments follow one after another.

“Are you going to leave this alone? I’m kinda weird Isn’t that the kind of publicity agency that hyung was talking about at the time?”

“It may or may not be. No need to worry.”

– I work in the same company as this person’s ex-fiance, and she says she’s pregnant.

– really? It’s really trash.

– In that case, you can file a lawsuit and receive a hefty amount of alimony and child support.

– I know? What’s with all these guys?

– But why did you break up with a pregnant woman?

– Isn’t there something?

– Isn’t your private life unknown?

The articles posted on the bulletin board were a melting pot of chaos.

Although there were many swear words against Eugene, there were many opinions that supported him.

“I think this is a post from a public relations company.”

Yooseong was thinking that the people who persistently supported his brother or posted neutral posts were employees of the public relations company he hired.

“Well, how are you?”

But Eugene doesn’t care at all.

The more you swear right now, the more you eat, the bigger the reaction will be when the bomb explodes.

Of course, we know that there are cases where this is not always the case.

In particular, when quarrels arise over male and female issues, it is often the case that they take the side of one gender unconditionally.

Even if a man is freed from being framed for being innocent, it is not uncommon for a man to curse for death just because he is a woman.

But that will only happen in the next five years or so.

It is still a time when the issue of justification is far more important than the gender of the person involved.

Even in the week they moved into their new home, the brothers commuted to Black Rock every day.

“The report shows that the production of shale oil has increased significantly, but the demand is decreasing.”

Several times a day, I talked with William Yoon about the oil market.

“There is no such thing. It is difficult to create demand equivalent to the increase in shale oil. Moreover, the global game itself is not very good.”

There was already an atmosphere on Wall Street where oil prices had risen enough.

For some reason, the futures price was kept below the oil price at this point by a few dollars.

“If you decide the direction at this point, will it be short?”

Yoosung asked William about the direction of the gift.

“I think it is highly likely. However, it is difficult to make hasty judgments as oil prices change rapidly depending on various circumstances. Especially because we don’t know how the situation in Iraq will turn out. ISIS declared an Islamic state not long ago and is moving south, but if they occupy and burn oil fields, there is a possibility that it will rise overnight.”

William was not in a position to make decisions easily.

The dealers at BlackRock, who were in charge of Eugene’s gift, changed positions several times a day, making some profit or losing money.

“like. So today, I will buy 1,000 contracts with a short position.”

There was no reason to leave it to Black Rock dealers any longer.

I saw the market conditions enough to see, and I thought I could start investing in earnest.

“One thousand contracts, one million barrels, right? That’s about 100 million dollars in market value.”

Yoosung, who was now familiar with the concept of a gift to some extent, quickly finished the calculations.

“If the futures price drops by one dollar here, you make a million dollars. Conversely, if $1 rises, you lose $1 million. It’s scary to think that three or four dollars go up and down at most a day, and millions of dollars in brother’s assets go up or down. Now, it feels like a real gamble.”

“Not yet. We haven’t leveraged it yet, but oil futures average 15 to 20 times leverage.”

“Twenty times? I’m crazy… So, even if you get 5% wrong, you lose the principal, right?”

“Oil is the least. Gold futures usually use a leverage of close to 30x, and Yen futures are around 35x.”

“They are also big people.”

“Because it’s mostly done by people with a gamble.”

In the case of Eugene, it would be different in that it was not a gamble, but a one-sided solicitation of money.

“We’re adding 1,000 more this week.”

On the following Monday, Eugene, who went to Black Rock again, announced the start of the race in earnest.

Now the leverage is doubled.

“Wow! Two billion dollars? I can’t see because my heart is trembling.”

Saying that, Yooseong’s eyes did not escape from the monitor.

“If you can’t see the information, go out.”

“no. Just watch.”

Did I say that gambling is the second most addictive thing in the world after drugs?

Eugene was also convinced that his choice was right, but he couldn’t help but feel his heart thump when the price went up during the day.

“Now we will increase it to 5,000.”

That Wednesday, Eugene started going more aggressive.

“Ugh! really?”

It seems that Yooseong was only afraid of what his brother was doing.

“If the leverage is 5x… you have to lose $5 million for every $1 increase in the futures price.”

Yooseong, who had become in tears, said.

There is something called loss aversion in behavioral economics.

In general, humans are more sensitive to losses than gains, so even if there is an opportunity to make a profit, it is the reaction of ordinary people that the fear of loss takes precedence.

Ironically, this response to loss aversion is also common in the stock market, similar to gambling.

Individual investors, called ants, fail to realize profits because they are afraid of losses.

Fearing that the stocks they own will fall even if they rise even a little, they sell them and make a marginal profit.

Conversely, when the stock price falls, it is not easy to stop and hold on to it and increase the loss.

The meteor that came to mind from five times the loss rather than the five times the profit at the word 5 times the leverage was not unusual.

“You can say that it is decent enough. Oil futures move much smaller than individual stocks.”

“I see.”

Yoosung’s expression was still inconsistent.

“I will buy a put option. First of all, please buy as many puts on the market as possible.”

“Ummm…”

William, who seldom complained about Eugene’s investment, hardened his face slightly.

“Are you convinced that oil prices will fall?”

“yes. That’s how I feel.”

“All right. Then we will.”

* * *

“What he is doing these days is very reluctant.”

“yes. They seem to be investing in something, and they keep posting them on social media.”

Sunggyu immediately responds to his father’s words.

“Perhaps that’s how you keep attracting attention. What does that mean?”

“If the investment product I wrote like that proudly hits the jackpot, it will definitely attract attention.”

“Then the Jaemin Ilbo will publish an article saying it’s right?”

“It seems to be worth it.”

“So, are there any solutions? Do you think there are risky investment products such as futures and options? Is there any way to stop the disturbance?”

“I just said I was investing in futures and options, but I do not know the direction, so it is difficult to make a number right away. And the oil price gift is so huge that even knowing it is useless.”

Seong-gyu’s father, Ryu Geun-soo, CEO of Daeyang Heavy Industries, narrows his forehead.

“Then you’re just waiting for him to fail?”

“I’m looking for a way otherwise.”

“okay. It would be better to ask for some way. Right now, it’s just a seed that doesn’t matter much, but it’s really annoying that he ate with fertility. Even so, I heard a word from your grandfather a few days ago. I mean, why did you break up with Dasan? Come to think of it, they don’t even call you these days?”

“yes. It’s been a while since we haven’t seen each other.”

“He’s like a knife to the yangban…. You must be aware of every single grain of millet that is happening right now. So, if you can’t properly handle the seeds and Seongjin Precision…”

Ryu Geun-soo looked at his second son with sharp eyes.

“I will keep that in mind. I’ll do everything I can to make sure he doesn’t bother my father any more.”

With bright eyes, Sunggyu resolutely answered.