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Chapter 94 Long-term interests

With the design of financial products with such high returns, and with so many people helping to promote, users who have purchased them are also lively signs, one passing by, which has led to the rapid increase in the performance of Danshui Fund Company.

It is surprising that people are not crazy about long-term US debt. If it is not impossible to ensure the safety of funds, they think that the Danshui fund is not strong enough, and even some Wall Street colleagues hope to buy the funds on hand into this kind of financial product.

Ye Dongqing has not asked his employees to contact these institutions yet, and now he is just a humiliation when he comes to the door. After the scale grows and achieves better results, there is no need to worry that no one comes to him. In fact, several small companies have recently tried to communicate with the acting director Mr. Carnike.

While still accumulating capital and growing oneself, look at Nasdaq Chairman Bernard Madoff, who recently received a full 200 million US dollars from a wealthy man. The news has been heard, which is much more than the total funds that Tamsui Fund recently received from more than 2,000 investors.

Envy is certain, but if you want to accumulate qualitative effects from quantitative change, there is still a long way to go. Tamsui Fund cannot attract real rich people and large companies for the time being...

Stay in the office and look through the latest transactions.

Ye Dongqing was thinking about other things, such as the group of temporary workers at Golden Island Financial Management Company, some of whom were stumbled or those with insufficient abilities would not have to continue working at the beginning of next year.

He thought that he should add some year-end benefits to the group of employees who are working hard. There is also a management structure. As the number of employees 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 to learn. He hopes that its Golden Island Financial Management Company will become a formal enterprise, rather than a group of chaotic people who are not easy to manage. It also requires appropriate requirements for the education of new employees and will be stricter during interviews.

There are both high dividends paid to investors, and there are also a group of people who need to support them with profits. With the necessary taxes and operating costs, the money that can be paid to them will shrink, which makes the return on investment necessary to be high enough.

The current risks are acceptable, but the more you go, the greater the risks.

When this fund company only manages $10 million in assets, even if it makes 20%, it is only $2 million. However, as the amount of capital controlled increases, after reaching $200 million, a loss of 1% can eliminate the initial 20% profit.

It is a secret open in the fund industry. They always boast about how safe and stable the funds are, but no one knows when the cyclical financial crisis will come.

After all, there are only a few fund companies that can escape the financial crisis. More fund managers will compensate all the profits they earned in the early stage into a certain crisis, and then those who should go bankrupt and those who should leave leave. Anyway, the management fees and handling fees have already been put into their own pockets, just enjoy life comfortably.

Therefore, smart people invest in funds for only seven or eight years at most. As the end of the golden cycle is approaching, once they notice something wrong, they will immediately withdraw their investment and leave, and wait until the next opportunity to enter and avoid unnecessary risks.

Middle-class investors, without top experts to help guide the planning, often lose some of their principal quickly after investing in a large fund with excellent performance in the past, and complaining that they are not lucky. In fact, they have missed the best entry opportunity. The outstanding performance in the early stage means that the current fund scale is already very large and the dividend is coming to an end.

This is why smart people like to seize the general trend. They will flexibly choose investment methods based on the economic cycle. The reason why the stock god Buffett became the stock god is mainly because he has a longer-term vision than the immediate interests. He likes to choose to enter the market during the trough period and try to avoid industries with greater risks.

For example, Buffett doesn't understand the Internet industry very well and is not optimistic about long-term returns, so he resolutely does not touch it. Although he missed a golden period, he also avoided the huge risks in the past two years. No one suspected that the elderly man would have no money to invest like Ye Dongqing.

Ye Dongqing, who has its own "large lightning rod", knows where there are pitfalls in the next ten years. This is a key factor in the future development of Tamsui Fund. If nothing unexpected happens, he thinks that his company should be able to grow.

The slightly larger pit was clearly visible in his eyes, but Ye Dongqing could not remember all the small fluctuations in the short term. After all, he had not really put in hard work to study.

After a round of rises, Amazon fell for several consecutive days. He thought he had avoided the crisis, but things were not as good as he wished, and the market confidence was still insufficient, resulting in another sharp drop in the past two days, and lost more than 8 million US dollars on Amazon stock alone.

Looking at Netflix, which is engaged in online rental and sale of movie discs, also caused him to lose more than 2 million US dollars, with a total loss of over 10 million. As for Apple, this company has not risen much in recent months, and its transaction volume is like a stagnant pool, and there has not yet been any signs of its rise.

CEO Jobs was trapped in a maze and could not find a way out, which made Ye Dongqing want to go to Silicon Valley in person and tell him in person how to develop. However, the stock price fluctuations are small, which left Ye Dongqing time to make arrangements in advance. After buying more Apple stocks, it would not be too late to find a way to promote the company to develop.

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

It can be done with almost $200 million. Until now, Apple has not developed iTunes. People need to use third-party programs to download music for Apple's iPod Walkman. The operation is too troublesome, which makes sales very bad.

Ye Dongqing doesn't feel that she can make all the money in the world.

Using limited funds to buy Apple stocks and enjoy dividends as the company develops, this is also very good in his opinion. From the current perspective, the two companies, Tamsui Fund and Facebook, are enough to keep him busy until he is dizzy and can't spend too much energy to do it himself.

After all, he is not like Edward. He has a super rich second generation with more than $10 billion in his family. There are not much funds available for him to operate. Some opportunities are clearly in front of him, but in the end they can only let them slip away. The significance of investing in Facebook is that while making money on it, he can also use its platform and user base to develop branches and subsidiaries in the future, and put some more prosperous Internet startups into his pockets. This is enough to eat while lying down... No, it will take several lifetimes.
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