Chapter 89: CH 89
Nodding, Daphne looked back down to what she was reading. "Your father was busy managing investments until - that time - Clearly, he was making good use of the time they were in hiding. "According to this," she said, tapping the sheet in front of her, "he made quite a few significant movements of funds from out of the wizarding world into the muggle world stock exchanges. From this, it is clear he believed the wizarding economy was either in the process of collapsing, or would soon collapse. However, he made the movements over a period of about a year. Never too much at one time."
Reaching across to one of the piles, she handed it to Hermione, "These are the stocks he purchased in the muggle world during that time and just before. As well as the existing stocks he owned at the time."
Hermione eagerly accepted the pile and started going through it. But, before she went too far, she reached into Harry's bag and snagged for herself a couple sheets of parchment, ink and a quill. Soon, she was writing down columns of information. "However," said Daphne, "He didn't only choose stocks in the muggle world. He didn't abandon the wizarding economy, completely. He also purchased and sold stocks and business interests in the wizarding world. These are what he purchased here and abroad."
She passed that large stack off to Neville. He split it between himself, Hannah and Susan. Together, they also snagged some parchment and a quill. They shared ink with Hermione.
"He also divested himself of a lot of monetary bonds and bought overseas currency," she said, passing a pile to Tracey.
"And, finally, he purchased a great deal of overseas and local commercial property," moving the pile closer to herself. "These last few pages are a financial summary of your total holdings," she said, passing the remainder to Harry. "You need to acquaint yourself with that."
Curious, Harry picked up the sheets of parchment Daphne had passed to him. He didn't see them when he was going through the folio. That's when he realised they were on the bottom. That surprised him as the muggles liked to keep that sort of information on top, so it was both easy to find and explained the rest.
From what Harry read the Potter fortune was staggering in it's size. His view of the vaults the first day he visited Gringotts, and the gold within, represented only a tiny fraction of the Potter wealth. Nearly all of it was invested in either stocks, property or businesses both home and abroad.
Alright," said Harry eventually, feeling a little woozy. "Alright. This - is incredible." Nodding, Daphne said, "Alright. Let's hear it. Hermione; you want to go first?"
After the group had sifted through all the information before them, Hermione was almost jumping in her seat in excitement.
"Harry's right. This is incredible." Looking to Harry, she said, "Your father was clearly being advised by your mother and others who knew the muggle world really well. He made a few really good stock purchases; and a couple of absolutely brilliant ones.
"Firstly, whoever advised him to invest in both Microsoft and Apple Computers did really well for the Potter family. I won't know how well until I can get my Dad to send me a copy of the Financial Times, but the returns are constant and profitable from Apple Computers and are surging really well from Microsoft. You want to keep both of those, so don't let the goblins sell them on your behalf. "There's also stock here for a couple of other telecommunications companies that are returning decent profits. One, however, you may want the goblins to divest you of. I've circled that one for you.
"Other than that, there's a few here that are what are called 'Blue Ribbon' companies. That means they will maintain steady and healthy returns unless something drastic happens, such as another global war.
"There's also a few start-ups he invested in that, I suspect, have since collapsed. But a few seem to be sustaining themselves for the moment.
"All in," she concluded, "this is a very good and diverse portfolio of muggle stocks that only requires a minor amount of tweaking. I'll be able to give you a better report once I get a copy of the Financial Times." "Thank you, Hermione," said Daphne, before she turned to Neville and company. "Neville?"
With a nod in recognition, Neville explained, "James Potter was thinking long term here. He purchased a number of businesses that owned their own properties. So, if the business collapsed due to the war, he would still own the land on which the business sat. In some cases, the land and building was worth more than the business itself.
"Here in magical Britain, Harry now holds the deed to the land for a significant portion of Diagon Alley, Knockturn Alley, Hogsmeade, and McDonald Street in Inverness. He also holds the deed to the land for a few businesses in Rue de Magique in Paris, Assistenten Stabe in Berlin, and Brujas Manera in Madrid. A few others are scattered around in Magical Salem in the US, Magical Australia, and Magical Japan. All of them are returning a healthy and steady return."
Susan took over. "As for magical businesses Harry owns a moderate share in, the significant ones in Britain are: The Daily Prophet, twenty five percent; Flourish & Blotts, twenty five percent; The Leaky Cauldron, twelve and half percent; Quality Quidditch Supplies, ten percent; and Magical Menagerie, ten percent. They're all in Diagon Alley.
"In Knockturn Alley, you own a pub called the Warlock's Curse. And there's a note here we shouldn't have probably read that states the proprietor there, back in 1980 and 81, was providing intelligence to the Order via the goblins through a drop box.
"In Hogsmeade: You actually own the Shrieking Shack outright; Honeydukes, twenty percent; Gladrags, ten percent; Scrivenshaft's, ten percent; and Dervish and Banges, five percent.
"There are others but I'll let you go through this to decide for yourself what is and isn't important. However, none of the businesses are currently running at a loss. In all of the businesses you're currently acting as a silent partner. However, with the percentages you hold, you can become more active in a lot of them should you desire to do so."
Daphne gave a few nods before turning to Tracey. "Trace?" she asked.
"Harry owns quite a few bonds that can now be cashed out in a lot of the wizarding world's currency," replied Tracey. "They include: war bonds for the Galleon; and treasury bonds for France's Argent, Spain's Dinero, Germany's Geld, and the America's Franklin, to name a few. The sums are quite significant. "The most telling is the war bonds. The Ministry effectively owes the Potters well over two million Galleons. If Harry was to cash in the lot in one fell swoop it would probably bankrupt the Ministry right there and then. I doubt they'd be able to pay it back, even though they're required to do it immediately."
"And that leaves me," said Daphne turning to her own stack. "As I've already mentioned, the Potters own a manor. It's in Merlin's Bridge, near Haverfordwest, Pembrokeshire, Wales. There's Potter's Cottage in Godric's Hollow, which was bought only about eighteen months before - you know - and which has been claimed by the Ministry as a place of historical interest, but nothing here that says they've legally purchased it. There's Lily's Pad, which sits above Scribbulus Everchanging Inks in Diagon Alley. And, the building known as the Shrieking Shack in Hogsmeade. That's all the ones in Magical Britain.
"Overseas, in Europe, there's a Chateau in France on the south coast near the town of Toulon called La Retraite De Potier Potter's Retreat. And, peculiarly, a winter house in Australia on the east coast in the town of Byron Bay simply called - The Winter House.
"Those look like the private residences for the Potters. On top of those there's quite a few investment properties the Potters own that are rented out. All bar two are in the wizarding world. The two that are not are a house in Spinner's End near Weston-super-Mare; and a house in the township of Little Whinging in Surrey."
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