Chapter 829 Let professionals do professional things
The call was quickly connected, and the other party heard Fang Minghua's voice with a very respectful tone.
"Mr. Fang, have you come to 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 recommend caution."
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Phillips said.
"I didn't say to enter the stock market now, it's about something else. Come and 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 a foresight and knows that the stock market has not fallen completely yet.
Just on March 9, after the Nasdaq stock index reached its all-time high of 5,133 points, it began to plummet. In just one month, the Nasdaq index plunged to around 3,300 points, a drop of as much as 35%!
The market was in mourning, and of course some people were getting ready to enter the market to buy the bottom.
But Fang Minghua knows that the current stock index is 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. Naturally, the sooner the better.
After receiving Fang Minghua's eight million commission, he immediately fired his boss and rented a house in Chicago to open an investment and financial consulting company.
The business is still quite good, and customers who come to handle entrusted investments are all clients with funds in the millions.
If he hadn't signed a confidentiality agreement with Fang Minghua, he would never disclose his stock investments. Otherwise, if he told this story, he would probably be approached by tens of millions of investors, and it would be a good 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 explained his purpose: to hire him as his full-time personal financial advisor with an annual salary of US$500,000, plus bonuses.
The implication is, close that consulting company you own!
Phillips hesitated for only three seconds before agreeing.
An annual salary of US$500,000 is equivalent to the salary of a senior manager at PricewaterhouseCoopers!
"OK, Phillips, I want to transfer some 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 was not an American.
American economist James Tobin has a famous saying: "Don't put your eggs in one basket." It is obvious that Fang Minghua understands this truth.
But I only know investment and am not very proficient in finance and taxation.
Of course this doesn't bother Phillips.
"Mr. Fang, transferring funds to foreign countries involves accounting and legal knowledge such as reasonable tax avoidance. I can contact you with a very famous accounting firm on Wall Street. He will meet all your requirements."
"No, I'll find an accounting firm and you can participate." Fang Minghua rejected Phillips' suggestion.
this?
Phillips was confused.
Fang Minghua didn't explain. He picked up the mobile phone on the coffee table and called up a phone number.
"Hello, Mr. Zhang? Hello, I'm Fang Minghua." Fang Minghua spoke in 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 said the purpose straight to the point.
"Okay, come on, I'll wait for you in the office."
After answering the phone, Fang Minghua said to Phillips: "Let's go to Zhang Qing Accounting Office with me."
The two left home, and Phillips got into Fang Minghua's Mercedes-Benz and left the community.
Half an hour later, Fang Minghua came to Zhang Qing Accounting Office and saw himself in the office.
"Mr. Fang, please sit down!" Zhang Qing greeted enthusiastically: "Tea or coffee?"
"Tea." "Lina, make tea for Mr. Fang and a cup of coffee for this gentleman." Zhang Qing immediately ordered his secretary.
"This is my personal financial advisor Phillips." Fang Minghua took the initiative to introduce.
"Hello, Mr. Phillips!" Zhang Qing shook hands, but secretly murmured in his heart.
What kind of plane?
There are even personal financial advisors?
Zhang Qing complained in his heart and immediately turned to the topic: "Mr. Fang, how much money are you planning to transfer away?"
"I want to ask your opinion for details." Fang Minghua did not speak Chinese this time but English, so that Phillips could understand: "Part of the mainland, part of Hong Kong, and part of it must be deposited in a Swiss bank, at least one billion US dollars. ”
One billion? !
Zhang Qing almost thought that his ears heard it wrong.
"Yes, Mr. Zhang, there are about 8 billion US dollars in Mr. Fang's account now. I need you to arrange it properly according to his wishes." Phillips immediately entered the role.
Why did the boss let me participate?
Isn’t it just to play a supervisory role and ensure the best interests of the boss? ”
8 billion? !
U.S. dollars? !
Zhang Qing was stunned 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 and give you reasonable suggestions to ensure your best interests."
"Pay attention to confidentiality."
"No problem, this is the most basic professional ethics."
"Also, Phillips was involved in this entire process." Fang Minghua added.
Zhang Qing was stunned for a moment, 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, let's get together with our families? Have a barbecue or something, and invite the Meng Dawen family?"
"Okay, you can arrange it." Fang Minghua said with a smile.
After leaving Zhang Qing's office, Fang Minghua said: "You have been in San Francisco recently, and you will not leave until everything is done."
"OK."
"Shall I take you back to the hotel?" Fang Minghua said again.
"No, no, I'll take a taxi back. The hotel I'm staying in is not far from here." Phillips quickly replied, how could he let his boss drive him?
Fang Minghua didn't insist and drove away by himself.
Phillips took a taxi and thought about the day's events on the way back to the hotel.
"Now that I am Fang Minghua's personal consultant, should I move my family to San Francisco? Instead of running back and forth, take the time to check out Kewei International Real Estate? Are there any suitable villas?
After thinking about it, I thought about fund transfer again.
You have to keep an eye on this matter, and don’t let anything go wrong in the transfer of funds. You can neither let the boss suffer, nor dig a hole for the boss due to tax issues.”
Soon, Zhang Qing Office gave Fang Minghua a suggestion: In view of the strict control of large-amount capital outflows in the United States, it was recommended to transfer US$500 million to the mainland and Hong Kong respectively, deposit one billion US dollars in Swiss banks, and keep the rest if needed later. Then gradually transfer out.
After Fang Minghua consulted Phillips again, he agreed.
When I got home, I saw that it was four o'clock in the afternoon, and there was still a little time before I picked up my daughter. After thinking about it, I went upstairs to the bedroom, picked up the landline phone, and called Song Tangtang.
It's eight o'clock in the evening Beijing time now, she should be at home.
Sure enough, the call got through. Fang Minghua first asked about the situation of the two children, and then told his wife what happened today.
"Tangtang, how is the matter you entrusted your father to handle?" Fang Minghua asked.
"It's done. Donate 200 million US dollars. Which leader wouldn't welcome it?!"
(End of chapter)