Wall Street Legend

  Chapter 94 Long-term benefits

  Designing a wealth management product with such a high rate of return, coupled with so many people helping to promote it, users who have already bought it are also living signs, passing on one by one, leading to the rapid growth of the performance of Danshui Fund Company.

  The rate of return of long-term U.S. bonds is twice as high. It is surprising that people are not crazy about it. If it is not that the security of funds cannot be guaranteed, and the strength of Freshwater Fund is not enough, even some Wall Street colleagues would like to buy the funds on hand into this kind of wealth management product.

Ye Dongqing hasn't asked the employees to contact these organizations, and now it's just self-defeating. After the scale grows and better performance is achieved, no one will come to the door by themselves. In fact, there have been several organizations recently. Small business, try to communicate with Mr. Carnek, acting director.

It is still in the period of accumulating capital and growing itself. Just look at the chairman of Nasdaq, Bernard Madoff. Recently, he got a full 200 million US dollars from a rich man. The news has spread. Recently, the sum of all the funds obtained by Freshwater Fund Company from more than 2,000 investors has increased a lot.

   Envy is for sure, but there is still a long way to go to accumulate qualitative changes from quantitative changes. Freshwater Fund is temporarily unable to attract real rich people and big companies...

  Stay in the office and check the latest transactions.

  Ye Dongqing was thinking about other things, such as the group of temporary workers of the Golden Island Financial Management Company, some of them were dawdling or lacking in ability, and they would not have to continue to work early next year.

  He thought that some end-of-year benefits should be added to the group of employees who really worked hard. There is also the management structure. As the number of people in the company increases, we should think of ways to improve it next year and select some management talents from within the company.

There is an insurance company's organizational structure that can be learned. He hopes that his Golden Island wealth management company will also become a formal enterprise, rather than a group of rabble that is not easy to manage. Appropriate requirements for the academic qualifications of new employees should also be made, and interviews will be more difficult. Be strict.

There are not only high dividends paid to investors, but also a group of people who need to be supported by profits. In addition to the necessary taxes and operating costs, the money that can reach him will shrink, which makes the return on investment must be high enough just do.

  The current risk is still acceptable, and the risk will increase further later.

When the fund company managed only 10 million U.S. dollars in assets, even if it earned 20 percent, it was only 2 million U.S. dollars. If you lose money, you can even out the initial 20% profit.

  It is an open secret in the fund industry. They are always boasting how safe and stable the fund is, but no one knows when the periodic financial crisis will come.

After all, there are only a small number of fund companies that can escape the financial crisis. More fund managers will lose all the profits they earned in the early stage into a certain crisis, and then those that should go bankrupt will go bankrupt and those that should leave. The fee has already been put in his pocket, just enjoy life comfortably.

  So smart people invest in funds and only hold them for seven or eight years at most. Near the end of the golden cycle, once they notice that something is wrong, they immediately withdraw their funds and leave, and wait until the next opportunity to rush in to avoid unnecessary risks.

Middle-class investors, without the help of top experts to guide their planning, often lose part of their principal quickly after investing in a large fund with outstanding performance in the past, and complain about their bad luck. In fact, they have missed the best The opportunity to enter the market, the outstanding performance in the early stage means that the current capital scale is already very large, and the dividend is coming to an end.

This is why smart people like to grasp the general trend. They will flexibly choose investment methods according to the economic cycle. The reason why Warren Buffett has become a stock **** is mainly because he has a longer-term vision than immediate interests. Avoid industries with higher risks.

For example, Buffett doesn't know much about the Internet industry, nor is he optimistic about long-term returns, so he resolutely refuses to touch it. Although he missed a wave of golden age, he also avoided the huge risks of the past two years. No one doubts that the elderly The old man, like Ye Dongqing, has no money to invest.

  Ye Dongqing, who has his own "large lightning rod", knows where there will be pitfalls in the next ten years. This is the key factor for the future development of Freshwater Fund. If nothing happens, he feels that his company should be able to grow bigger.

  Slightly larger pits are clear to him at a glance, but Ye Dongqing can't remember all the small fluctuations in a short period of time, after all, he hasn't really worked hard to study them.

Some time ago, after a round of rising Amazon, it fell for several days in a row. He thought that he had escaped the crisis, but things did not go as he wished, and the market confidence was still insufficient, which led to another sharp drop in the past two days. Amazon lost more than 8 million US dollars on this stock.

Looking at Netflix, which is engaged in the online rental and sale of DVDs, it also cost him more than two million dollars, with a total loss of over ten million. As for Apple, this company has not risen much in recent months, and its trading volume Like a pool of stagnant water, it has not yet shown signs of rising.

CEO Jobs was stuck in the maze and couldn't find a way out, which made Ye Dongqing want to go to Silicon Valley in person and tell him how to develop in person, but the stock price fluctuates little, which leaves Ye Dongqing time to make plans in advance , After buying more Apple stocks, it is not too late to find a way to promote the development of this company.

  If it weren't for the lack of funds at hand, he would have wanted to take away the path of Apple's rise. Is it difficult to develop a Walkman and an online music store similar to iTunes?

  About 200 million US dollars can be done. Until now, Apple has not developed iTunes. People need to use third-party programs to download music for Apple iPod Walkman. The operation is too troublesome, which makes the sales very bad.

   You can't become fat with one bite, and Ye Dongqing doesn't think you can make all the money in the world.

Using limited funds to buy Apple stocks and enjoy dividends as the company develops is also very good in his opinion. From the current point of view, the two companies, Freshwater Fund and Facebook, are enough to keep him busy and dizzy. Can't spare too much energy to do it myself.

After all, it’s not the kind of little Edward. The family has more than 10 billion dollars in the super rich second generation, and there is not much money for him to operate. Some opportunities are clearly in front of him, but in the end he can only let them go and invest in Facebook. The significance is that while making money from it, you can also use its platform and user base to develop branch subsidiaries in the future, and put some more profitable Internet start-up companies in your pockets, which is enough to lie down and eat for a while... no , several lifetimes.

  The matter of Tencent came to mind, and the fork in the road before him made him have to start thinking about whether to invest in Tencent or to concentrate his "golden power" to develop Facebook. 50 million US dollars is too much...

  (end of this chapter)