Life at the Top

Jerriman lived in San Francisco, a city on the west coast of the United States. He was a dentist. He had a decent job and a good income in this local area. His wife was a judge, and he had a son and daughter. No matter how you looked at it, his was an enviable family.

Besides work, Jerriman‘s favorite investment method was stock trading. In his opinion, handing the US Dollars to a group of fund managers who only knew how to suck blood and collect commissions was no better than doing it himself. Besides, he was also a staunch chauvinist who believed in great power.

He firmly believed that the United States was the strongest country in the world and that no other person or country could challenge the hegemony of the United States. Therefore, the recent turmoil in the United States capital market that had caused global investors to be in turmoil was not enough to scare him. He even thought that the group of Somerland investors had to be crazy.

Otherwise, how would they dare to face the United States head-on?

Under this premise, he bought 800 thousand US Dollars worth of stock at the highest price of 130 US Dollars per share on the first day of the battle.

After the market opened today, not only did the decline in Layman Investment Bank’s stock price not scare him, he also firmly believed that this was a huge opportunity to make money.

The United States government would inevitably intervene, and Wall Street Capital would eventually repel Somerland’s capital!

With this belief in mind, Jerriman used his financial leverage and offered all his assets as collateral in exchange for a full 6.4 million US Dollars. After this, he bought all of Layman Investment Bank’s stocks. The so-called leverage meant that while large gains were shown in multiples, losses were also magnified.

800 thousand US Dollars in principal, with a 5-fold leverage, would amount to 4 million US Dollars. Meanwhile, under the original 10% rise and fall limit, the maximum daily loss and profit limit for this 800 thousand US Dollars was 80 thousand US Dollars. With this 5 times leverage, an investment of 4 million would spell a loss of 400 thousand US Dollars if the daily loss was 10%.

Jerriman used 8 times leverage, which was the highest legal multiple he could obtain due to the comprehensive credit situation of himself and his family.

There were also some black-market leverages and private fundraising. They could magnify this rate to 20 times, 30 times, or even more…

While his income was swelling, his risks were also skyrocketing.

Jerriman thought this was a great opportunity for the beggars of Somerland to send money to the capitalists of the United States. Many people felt the same way.

as everyone expected, Quantum Fund began to enter the Layman Investment Bank stock market to lift the share price. However, JW Foundation’s determination exceeded everyone’s expectations. At this moment,

guard. Quantum Fund’s defensive line broke, and Layman Investment Bank’s stock price plummeted as the empty orders were

it! Damn

Jerriman did not have the patience to put on a white coat that he so

moment, his eyes were red, and his expression looked ferocious. He wanted badly to smash the computer

could tell that if Quantum Fund did not continue to put in money, then it was only a matter of time

loss had

Ring ring ring.

phone on his desk

chair as if he had been electrocuted. After that, he grabbed the phone

assigned to you by the securities company. Now you have only 50 thousand usable principal left in your securities account. Do you need to

on the phone fueled the hatred in

are you in such a hurry for? Maybe

the other end of the phone seemed to be tired of hearing such words. He continued coldly, “But according to your additional 8 times leverage, the current Layman Investment Bank stock price is

happens, the securities company will forcibly close your position to ensure that the

“What?!”

the manager of the securities company finished speaking,

Layman Investment Bank’ 8 stock price officially broke through the 99.5

that all Jerriman’s property had evaporated in this short

paused for a while. Apparently, he had also

inform you that your

same time, there were countless people in the United States,