Rebirth 79: I opened a bank in the United States

Chapter 680 Reflections on Asset Portfolio and Heart

If you add all the big and small investments and look at them together, Carter finds that his current asset portfolio is a mess!

Financial industry: Black Flag Bank, a wholly-owned holding company, includes two major banking business segments: savings and commerce; Tiger owns 10% of the investment company; in terms of funds, Magellan Fund is part of the Vanguard S&P 500 Index Fund, although It is invested through black flag savings, but in the end the right to speak is still here.
Software, communications and semiconductors: In addition to Microsoft, AMD and Intel have their own shares. Although they are pitifully small, the future rate of return is guaranteed;

Food and Beverage: In addition to HT, I also own a 4% stake in Coca-Cola, and a stake in PepsiCo held through HT; I even own a part of ADM stock.
Prison industry: Needless to say, there are still no peers in this business.Basically in the leading position in the industry, the advantage lies in me!
Construction and real estate industry: DOG Construction Engineering, DOG Real Estate;

Plus some messy projects: what SR-166 highway, what B-5 police, what giant panda house
The money in hand almost never stays.Income here, out there.
Even though Carter understands that this is a common operation for the rich, especially the rich in the United States, after so many years, Carter suddenly feels tired for a while.

During his days at Yale, Carter took many business classes.Naturally, he understands the importance of asset allocation, but he can put it on himself. Carter feels that the asset allocation theories taught by the professors are not applicable
For example, a common age-based asset allocation scheme:
Assuming that I am 21 years old at the end of this year, then I can invest 21% of my assets in the bond market with relatively low risk and stable expected returns to seek a stable appreciation; about 10% will be deposited in the bank to meet daily monetary needs; The remaining 69% of assets can be invested in high-risk, high-yield places such as the stock market to fight for the future.

After all, young people have a relatively strong ability to resist risks~
However, Carter thought about his own situation and found that this was not applicable.

First of all, let's talk about deposit banks. Why do you own a bank? Don't you know if a deposit bank is suitable? !
Even when deposit interest rates are high, when others are cheering, I have been worrying about this until now! !
The era of high inflation is undoubtedly a serious burden on the banking industry.A large amount of cash assets are held in hand, and every day when the eyes are closed and opened, they are depreciating.
Even though the situation of Black Flag Bank is pretty good now, Goodman's hair volume can be seen to be much looser to the naked eye.If this is another person, I will have to worry about heart disease.
Maybe ordinary people are not sensitive to fluctuations in the actual value of currency, but after all these years of experience, how can I not even have this sensitivity? !
Not only can I not deposit my own money in the bank, but even after these years, I have to try my best to get a little cash into the account to hedge against the risk of currency value reduction.

Second, 69% of assets are invested in the future.In this regard, Carter feels that he has done it, but the problem is
As a traverser, the advantage is naturally foresight.He clearly knows which companies have survived into the future. Of course, this is certainly not all, but he must know the leading companies, and he has never seen or heard of them.

This is an advantage, or a huge advantage.But at this moment, Carter suddenly felt that this seemed to be a disadvantage.
It's like if you let anyone go back to the United States in the 80s and invest in Coca-Cola, which has a market value of only more than 40 billion. On the premise that he knows that the market value of this thing will exceed [-] billion in the future, is he willing to sell his stock? !
Calculated only from the market value, this is a rate of return of more than 50 times!30 years, [-] times return.
It's hard for Carter to say what about others, but as far as he is concerned, Carter thinks he is not willing to sell!

Whether it is Microsoft, which holds the largest share, or AMD and ADM, which were just tasted back then, I am reluctant to sell it!

And this directly led to the fact that the liquidity of their own assets was so low that there was almost no liquidity.Here, it seems like a big pit, Franklin needs to keep filling it with green
There is a hole in the bank, and the greed brought about by my own understanding of the future is another hole!
There are two big holes in front of you, like two black holes.Two huge gold-absorbing kilns, forcing myself to jump up like a hyena smelling blood in any place that may bring benefits
As a result, by fluttering and fluttering, the current huge, chaotic, and messy asset portfolio was saved!
Of course, this scene must have been caused by some political or other investment factors.If you add this part, it will be too complicated
Reaching out his hand from the elm tree on the side of the road, he broke off a branch, and Carter was not picky.

He turned into the nearby Trumbull College, found a piece of lawn, and sat on the ground.While breaking off the branches one by one, I thought about some philosophical questions:
"What the hell are you trying to figure out?"

During the time when he just crossed, Carter felt that his goal was very clear: God let me come to this age, so I will be rich in the future!
Investing in those awesome companies in the future and saving your own small bank that is on the verge of bankruptcy is the best motivation!

But today, the inflation rate has dropped to 5%, and the turning point of economic recovery has arrived.As for the banking industry, as long as they survive the sequelae left over from the era of high deposit interest rates, they will be able to fully recover;

Based on the current investment alone, the shares of Microsoft, Coca-Cola, and Pepsi are enough to ensure that they will live the life of the top rich in the future.
Carter suddenly felt as if he had lost his motivation and direction.

The pressure is there, but not as much as it used to be.These years, I haven’t bought a new house, I haven’t been to a luxury store a few times, the watch is still the one that Julian gave back then, and the sports car is even more so.
I drive less cars now, and I have never considered ordering Rolls, Mercedes-Benz, or Maybach.

It can be said that in daily life, except for the Gulfstream II business jet, I don't live like a rich man at all.

I didn't enjoy anything, but I was still worrying about various investment matters. What is this? !
Maybe it's a habit, or maybe it's like Jim Rogers said, investing is an addictive behavior? !
Carter can't get the answer to this question now, but after some thinking, Carter has come to another clear result: at the moment, he still can't resist the temptation to make money!
If you don't want to give up some income, you can streamline and sort out your current messy industry and assets.The intuitive result is the increase in management difficulty and cost.

When I think about the time I need to spend on various industries every day, even if sometimes it is just a matter of signing
Simply adjust the management structure, it seems that it is necessary!

(End of this chapter)