Finance and the Internet are undoubtedly the most lucrative industries. Nearly every tale of sudden wealth originates from these two sectors.
The internet industry, at least, demands technical prowess. However, the barriers to entry in the financial sector are exceedingly high.
Not for employment, but to start a financial company.
The restrictions on various licenses can drive anyone to madness. Financial institutions like securities firms are often well-established companies; new entrants are rare.
Such profitable companies, not being tax departments, offer exceptional service.
Of course, even government agencies at the grassroots level now provide excellent service in most cases.
"Sir, you only need to fill in here and here…"
The service personnel, or client manager named Stacy Jones enthusiastically instructed Zack on what to fill out.
Despite being called a manager, she was akin to a real estate agent—everyone had a managerial title, which meant little. These titles were mainly for clients' ears.
They were vastly different from genuine operational managers in private enterprises.
"Thank you."
Zack smiled and didn't reject her enthusiasm.
Although he now possessed the experience and prowess of an asset management tycoon, how could such a tycoon fill out account opening information?
Thus, Zack happily accepted her assistance.
"By the way, what are the requirements to open a margin trading account and use leverage here?"
As Zack filled in basic information like his name, age, and ID number, he casually inquired.
"To open a margin trading account, you'll need a certain amount of capital verification and at least six months of investment experience," Stacy replied with a smile.
She glanced at Zack and deduced that he wasn't completely unfamiliar with stocks and securities since he inquired about margin trading.
However, since he was opening an account for the first time, it meant he lacked six months of investment experience.
"I've actually been investing in stocks using my father's account. I'm quite experienced in that area."
"…But since I wasn't old enough then and had access to my father's account, I never opened one myself."
"Regarding capital verification, I can transfer 2.6 million yuan into the account. Should that suffice?"
Zack put down his pen and looked at the client manager with a smile.
The total manuscript fee was 2.63 million yuan. Zack rounded it up to 2.6 million yuan for investment and kept the remaining 30,000 yuan for daily expenses.
Since he wasn't going anywhere before school started, this money was enough for him.
"Of course, 2.6 million is fine."
Stacy's eyes lit up, and she couldn't help but take another look at Zack, wondering if he was a rich second-generation. How could someone so young easily afford 2.6 million yuan?
As for using his father's account, Stacy knew it was an excuse.
However, markets like stocks and futures sometimes resembled gambling.
Restrictions on investment experience for margin trading and leverage were, to some extent, to prevent newbies from acting recklessly and losing everything.
But this regulation wasn't strict. For those securities firms, they only cared about earning transaction fees. As long as you paid, they didn't care if you lost or gained.
"How much credit line do you need? The standard margin trading ratio is one-to-one, and the maximum for loophole operations is one-to-two."
The client manager, whose name sounded quite masculine, quickly explained the business content to Zack.
This was basically the basic leverage operation in stocks. Even a one-to-two ratio was a loophole around the standard, as the domestic requirement was one-to-one.
Even in the United States, after the 2008 economic crisis, very strict standards were implemented, greatly limiting leverage, to prevent another financial crisis.
Domestic regulations on this were even stricter. Leverage ratios of ten times were all off-exchange funding, which was illegal.
Moreover, off-exchange funding was almost entirely virtual. If you lost money, it was gone. If you earned money, you couldn't withdraw it; it stayed in the virtual platform. There was no real money involved.
Zack naturally knew this, so he didn't ask about higher leverage.
If she said she could offer ten times leverage, he would leave immediately. That was just deceiving him.
But this was a reputable securities firm, so it wouldn't do such things.
"I understand. A one-to-two credit line is sufficient."
Upon hearing this, Stacy hesitated.
In her opinion, Zack might be a novice investor. Directly engaging in loophole operations was risky.
From her expression, Zack guessed what she was thinking.
He smiled leisurely, "…If you're willing to give me a one-to-two credit line, I can agree to increase the daily interest rate and also accept a higher margin call rate."
"…If that's not possible, then I have no other options."
Zack shrugged, as if ready to leave if she didn't agree.
Securities firms earn from commission and transaction fees, so they never lose money.
Naturally, with leverage, they wouldn't wait for you to lose all your money but would set a margin call level based on the deposit.
When that level is reached, they'll force a liquidation.
Moreover, clients usually strive to lower their daily interest rates. Zack's willingness to increase them showed sincerity.
The client manager calculated that 2.6 million yuan was within her authorization range.
And since Zack was willing to raise the margin call level and even increase the daily interest rate, she immediately agreed.
After all, as a client manager, she was essentially a salesperson who needed performance.
Zack's actions and funds undoubtedly boosted her performance.
The two began negotiating and eventually reached a figure.
Actually, it wasn't much higher than the normal daily interest rate and margin call level—just a slight increase.
But Zack understood human psychology. By making her feel like she was getting a good deal and had no risk, she immediately agreed.
"Thank you. Since everything's done, I'll take my leave."
It took half an hour to complete all the procedures. Zack packed his things and stood up to bid farewell.
"If you have any questions, you can call me or add me on WeChat," Stacy enthusiastically said, actively adding Zack's WeChat and phone number.
To be honest, Zack was handsome, and being able to invest so much money at such a young age made him look like a rich second-generation.
Stacy couldn't be completely uninterested.
However, she didn't have high hopes; she just wanted to get to know him.
What if he liked her back? She wasn't ugly!
Zack understood the slight intentions of this pretty client manager.
He chuckled internally and added her on WeChat.
Although he wasn't interested in this quite attractive girl, Zack felt pleased.
Charm, appearance, money, and talent are all important factors that attract women.
Money is the foundation, charm, and appearance are crucial for first impressions, and talent is the final weapon to completely bind someone.
After all, to let others see your interesting soul, you must first have a good-looking appearance.
And obviously, Zack was gradually becoming a god of women who could make most women's hearts flutter.
His good looks weren't just for show, he was also becoming wealthy.
But as he grew stronger, Zack became more selective towards women.
This book is provided by FunNovel Novel Book | Fan Fiction Novel [Beautiful Free Novel Book]