Wolf of Xiangjiang

2008 October.

Global stock markets have hit a low point, with the Hang Seng Index at just 18000 points, more than half of its peak of 40900 points. The S&P has also fallen from more than 1500 points to 1000 points, and there may be further declines in the future.

Of course, regardless of whether the market has hit rock bottom or not, Lin Zhengjie plans to buy the stock market at the bottom first and then buy it back in three or four months. However, this time, his companies need to reallocate their stock market investments.

this day.

He came to the 'Lin Zhengjie Family Office' in the Hengfeng Financial Group Center (shaped like a fortune) and held an investment meeting.

The senior executives who attended the meeting included President Toni Kroos, investment manager Blake and other investment-related senior executives, as well as board members Lin Wendong, Lin Wenyi, Lin Wenji and Lin Wenyue as observers.

The eldest son of Room 14 will enter a probation period after working for one or two years, and can join the family office board of directors after obtaining a certificate of qualification.

"Before the meeting, I mentioned something else. Zheng Binghai will no longer serve as the family's executive director. You need to select a new executive director. At the same time, Zheng Binghai will serve as an external director and consultant of Lin Zhengjie's family office."

Several second-generation members of the Lin family initially thought that something had happened to the family, but later they realized that their uncle was still deeply trusted by their father.

In fact, Lin Zhengjie made such arrangements because he took into account the wealth of Zheng Binghai and Lin Jiaxuan, and there was no need for Zheng Binghai to continue to serve as the executive head of the family office, because this position was very busy, second only to the head of the investment department.

Of course, Zheng Binghai and Lin Jiaxuan were still two of his most trusted outsiders, and were even selected as executors of his will (in theory, after all, they were unlikely to outlive him).

Therefore, the adjustment of Zheng Binghai's position this time is also to hope that he can have a little more free time, but still be able to be used by his own family.

Toni Kroos then said, "Mr. Zheng's deputy, Wang Qingshan, has not only worked in the administrative department for many years, but is also an outstanding manager. I suggest that he be promoted from within! In view of the confidentiality of Lin Zhengjie's family office, the management can be promoted and handed over from within in the future, which can best guarantee privacy."

At this time, most of the management of the family office had joined since its inception. And Toni Kroos's proposal was exactly what Lin Zhengjie thought, that is, all important management must be promoted from within, and the middle management must have worked for at least 5 years, and the senior management must have worked for more than 10 years, so as to ensure the privacy of Lin Zhengjie's family office.

The reason why Lin Zhengjie cares so much about privacy is that the wealth of this family office is very amazing, so it must be kept strictly confidential. As for determining "loyalty" based on the length of time joined, this is what Lin Zhengjie thinks is his "charm value".

This was exactly what Lin Zhengjie meant. He said, "Well, this arrangement makes sense."

Next.

Lin Zhengjie presided over the investment meeting: "At present, the global stock market has almost fallen to the bottom. It is an opportunity to buy at the bottom. Therefore, in the next four months, the family office should evenly buy related stocks. After this purchase, it will basically be a longer-term holding."

Black asked, "Just buy the stocks we sold earlier?"

If the family office simply buys back previously sold stock shares, it will still have a lot of cash flow left.

Currently, the expenses of the family office mainly consist of two parts: operating expenses (salaries and benefits of management and staff, and corresponding service expenses, etc.) are approximately HK$3 million per year, and family member benefits (each person can receive HK$3600 million per year) are as high as HK$18 billion.

The operating expenses alone are the highest among all "family offices" in the world. After all, Lin Zhengjie's Family Office is also the largest family office in the world. The management and staff alone are as high as 200 people, and the salary of the management is also the highest in the private family office industry.

Of course, this is not generally acknowledged. After all, Lin Zhengjie's family office is rather mysterious and has never disclosed specific internal information. Otherwise, the wealth value of nearly 80 billion US dollars (calculated at the peak before the stock market crash) would shock the world.

With assets valued at US$800 billion, most of it is stocks, so the annual dividends are an astronomical figure, enough to cover the huge expenses.

Lin Zhengjie immediately said: "No, when the second round of the cycle begins, the family office's investment will turn to diversification, so it will use sufficient cash flow to acquire rental properties around the world, including simple commercial properties such as office buildings and shops."

Complex commercial real estate requires planning, development, and management, such as shopping malls and outlets (which are also shopping malls), while office buildings and shops only require collecting rent and management, which is simpler.

Toni Kroos immediately agreed and said, "That's right. With the size of Lin Zhengjie's family office, we can consider a more stable and diversified investment model."

Lin Zhengjie then said: "So if you have any good investment suggestions, you can also submit them to me and I will consider them."

Everyone nodded, but as insiders they all knew that Lin Zhengjie's family office had a clear rule - once Mr. Lin Zhengjie was unable to make a decision, the new investment decided by the management each year could not exceed 50% of the asset growth in the previous year; if there was no growth, there could be no new investment and the existing investment projects must be maintained.

Such a rule means that if Lin Zhengjie dies unexpectedly or normally in the future, the management of the family office cannot make random investments.

Next.

Lin Zhengjie continued, "At the same time, we will continue to adjust the direction of shareholding: first, the family office will continue to increase the proportion of shareholding in European and American stock markets; second, the family office will continue to strengthen stock investment in traditional industries and real industries. That's about it."

Take investing in U.S. stocks as an example:
Healthcare: Eli Lilly, UnitedHealth, Johnson & Johnson, Merck
Banking and Finance: JPMorgan Chase, Berkshire, Visa, MasterCard.
Daily necessities consumption: Wal-Mart, Procter & Gamble, Home Depot, Costco, Nike, Coca-Cola, PepsiCo.
Energy: ExxonMobil
All of the above are traditional industry and real industry stocks. In Lin Zhengjie's plan, he divides US stocks into three categories: traditional industries (including real industries), technology industries (Apple, Nvidia, AMD, Broadcom, etc.), and Internet technology (Microsoft, Google, Amazon, Oracle, Netflix, etc.).

As soon as he saw the name of a US stock, he would remember it and choose it for investment directly, because he believed that he would not remember a bankrupt company, but would definitely remember the top 100 companies in the world, or at least the top 500.

At the beginning of the millennium, Lin Zhengjie planned three types of investments in U.S. stocks. The family office invested in stocks of these traditional industries. Each stock should not exceed 2%, and should be maintained at just over 1% as much as possible. It should also be dispersed and handled offshore.

The investments in three important Internet stocks (Microsoft, Google, and Amazon) and Apple were given to his 12 wives and concubines (his principal wife and Zou Kaixuan did not invest).

Horizons Ventures focuses on other Internet stocks (Oracle, Netflix, Broadcom, etc.), as well as technology industry stocks (including Apple, TSMC, etc.), and more importantly, Asian stock market investments.

Of course, during this period, Horizons Ventures also has investments in traditional industries, but we will take this opportunity to continue to make the distribution clearer. After all, this kind of layout requires multiple opportunities to complete.

After hearing this, Black said, "Okay, boss, we will buy these stocks while giving you a detailed plan and a rough funding plan. If you want to buy commercial real estate, you can consider it next year, when the impact of the financial crisis will be more profound and it will be suitable for bargain hunting."

Lin Zhengjie said with satisfaction: "That's right. In short, we need to prepare at least 100 billion US dollars this time to invest in commercial real estate and new investment projects. At the same time, we must also increase investment in Europe."

"Ok!"

Before the financial crisis, they cashed out 220 billion U.S. dollars, so the cash flow is very sufficient. Even if they buy it back, it will probably cost 140 billion to 150 billion U.S. dollars.

The family office has always had a good cash flow. In the past, the dividends were more than 10 billion US dollars a year, and the expenditure was less than 3 million US dollars. After the meeting, everyone took action.

Although the family office's "primary headquarters" is in Hong Kong, it actually has "four major sub-headquarters" - New York, Singapore, London and Zurich.

The U.S. stocks only account for the majority of the assets, about 80%, but the investment in other regions also accounts for 20%. In the future, Lin Zhengjie hopes that the United States will only account for 60-70%, and other regions will account for 30-40%, although it is difficult to achieve for the time being.

However, once the U.S. investment is finalized and can generate considerable dividends and profits every year, these funds will inevitably be invested in new regions.

Next.

Lin Zhengjie also held financial bottom-fishing meetings in two companies, Horizon Ventures (a personal investment company) and Hengjin Investment Development, to plan for the future.

Needless to say, Horizons Ventures focuses on U.S. technology stocks and some Internet stocks. It also invests in stocks in Hong Kong, Japan, South Korea and other Asia-Pacific regions. In the future, it also wants to get a piece of the mainland stock market.

However, after Horizons Ventures completes this bottom-fishing, it will inevitably leave a lot of cash flow, so these funds are difficult to digest and gradually become real cash flow.

In the future, whether it is a family office, Horizons Ventures, or Evergrande Investment Development, they will all have a large amount of cash.

In a villa on Long Island, New York, Lin Zhengjie was meeting with Ma Yawen and Ma Mein, both of whom came to the United States to buy up American bank bonds.

Lin Zhengjie knew one thing in his previous life - Liu Luanxiong made at least 500 billion Hong Kong dollars in this Bank of America bond. This is also one of the reasons why Liu Luanxiong did not achieve much success in real estate and Hong Kong stock market since the 90s, but still ranked among the top ten richest people in Hong Kong in later generations.

Of course, in this life, Liu Luanxiong no longer has Chinese Estates Holdings and China Entertainment, and his strength was greatly weakened at the beginning. Now he can't even make it into the top 20 richest people in Hong Kong.

Skills are important, but opportunities are also important. There are only so many cakes, and if they are snatched away by others, your strength will naturally be greatly damaged. Hong Kong's Li Jiacheng, Liu Luanxiong, and Lin Baixin have all suffered great losses in strength.

This would have been the case if Lin Zhengjie had not left Hong Kong.

On the lawn of Long Beach Villa.

Lin Zhengjie sat down with Ma Yawen and Ma Mein to chat and relax. In Ma Mein, Lin Zhengjie saw how he looked when he first met Ma Yawen.

It just so happened that today, even though they were on vacation, Ma Mein and Ma Yawen were both wearing professional attire, as if they were deliberately trying to evoke Lin Zhengjie's memories.

Because Ma Yawen has a hot body and a South American style, Lin Zhengjie really likes her to wear professional attire, which can fully interpret the wisdom and physical beauty of a woman.

Now Ma Meiyin is the same, her long legs wrapped in stockings are full and full of ROU, fat but not greasy, and her thighs are about to burst. Her plump upper body feels like a paradise of desire, but her face gives a feeling of a strong woman and intellectuality.

Strong contrast is the symbol of women's beauty!
As for Maya Wen today, she is still a beautiful mature woman with remaining charm. After being nourished by him, these women even have improvements in that aspect.

"Don't look at it. It's easy for you to eat her now!" Mayawen said jealously.

Instead, Ma Mein deliberately showed off her hot body and young face. In this respect, she was also an 'ungrateful' woman.

On the contrary, Lin Zhengjie said calmly: "It just seemed like I saw a younger you."

Ma Yawen suddenly felt triumphant, and Ma Meinyin could only stop. However, she was not angry because she also understood the fact and the truth. But who told her to admire this man?

Then, Lin Zhengjie said, "How is the progress of purchasing American bank bonds?"

Ma Yawen did not answer, but Ma Meiyin said happily: "It's going very smoothly. So far, we have completed the purchase of Citibank bonds worth 50 billion Hong Kong dollars, and the average holding cost is only 35.5 US dollars (face value 100 US dollars)."

Lin Zhengjie nodded. His Hengjin Investment Development was also buying, but on a larger scale, with an estimated investment of 200 billion. Of course, this market was worth at least several hundred billion US dollars (only bank bonds), so his investment was not that big.

"After the financial crisis, these bonds will surely return to their par value, and we can sell them then. All in all, you can make 80 to 90 billion Hong Kong dollars."

If the face value of a bond is $100, it can even rise to a price higher than this face value in the future, as long as the economy improves. In addition, many investors actually value the interest on the bonds.

Of course, in the case of a financial crisis, everyone is more worried about bank bankruptcies or other factors, so the financial industry is the first to be hit.

Ma Yawen said without hesitation: "I plan to give all the money I earn to Meiyin and her future children. Meiyin, take this money and set up another investment company."

Ma Meiyin said quickly: "You have already given me a lot!"

She didn't want to compete with Lin Wenyi and Lin Wenkai for property because they had a good relationship. When she got married, Ma Yawen gave her a lot of assets, including 6% of the shares of Chinese Estates Holdings.

So, she has already divided the family property and left the house!

Ma Yawen smiled and said, "That was at the beginning. Now we are 'sisters', so of course I have to give it back. It's a gift from a man. Besides, Wen Yi and Wen Kai don't know about this investment, so just take it with confidence!"

Ma Meiyin glanced at Lin Wenjie shyly, and then said, "Oh"

Since Lin Zhengjie nodded to her, she took it without any hesitation!
Because in the Lin family, Lin Zhengjie means "imperial edict".

The three of them chatted for a while, and Mayawen took the initiative to say, "Let's go, it would be great to chat in the study!"

After saying that, they lifted up Lin Zhengjie, and Ma Mein then lifted up the other side. In this way, Lin Zhengjie was carried into the study by the two women.

The way these two women walk can charm a man!
The only pity is that the women with the hottest bodies, such as Ma Yawen, Ma Meiyin, Lizhi, and Monica, cannot form a team. After all, Ma Meiyin is a secret treasure. (End of this chapter)