"I can finally return to China!" Leng Zhiruo said with emotion while sitting on the plane returning to China.

They originally planned to stay in the United States for only two weeks and return to China in mid-October. However, it was postponed for another two weeks. It is now November 6th, but Boss Huang and his party should have returned home smoothly.

, and the harvest is full.

"It's a pity that the money has not been spent all!" Boss Huang's only regret is that the 1 billion U.S. dollars of funds have not been spent. The total cost is only about 300 million U.S. dollars. If you add in the misty money that has been signed but has not been spent,

In terms of special effects costs, that would probably leave over US$500 million.

In fact, it would be good to keep all the money in Western Mustang Company and invest in Apple's stock. Huang He remembered that Apple's stock would experience a surge in 2003.

The price rose from 16 US dollars per share to around 86 US dollars per share. Unfortunately, the loan funds cannot be used for stock market investment. Otherwise, Huang He would just throw all the remaining few hundred million into it and buy Apple stocks.

Already.

Forget it, Apple likes to throw hundreds of billions of dollars into its accounts anyway. If it throws more than five hundred million dollars into its own account, the problem shouldn't be big.

However, although Huang He could not invest these hundreds of millions of dollars, he remembered that when he left the United States, the Western Mustang Investment Company's funds had sold more than 300 million U.S. dollars, all of which were made possible by Little Swift.

Due to its special reputation, it gained the support of black people to purchase funds.

Before leaving, Huang He not only told Swift the secret of investing only in Apple, but also asked Swift to adjust the fund's operating rules and introduce floating management fees.

Under normal circumstances, a fund generally charges an annual management fee of 1.5% of the funds for a year, and then this annual management fee will be charged equally to each day. In addition, the purchase and sale of the fund will be charged for one transaction.

As for the fee, this is a fixed fee. There is nothing to say. The key lies in the management fee.

Under Huang He's setting, Western Mustang Company's management fee collection rules changed from a stable 1.5% to an annualized rate of return of less than 5% without charging any management fees.

That is to say, if you buy a fund of 10,000 yuan and do not earn 500 yuan in the second year, no management fees will be charged.

If the annualized rate of return is between 5% and 15%, a management fee of 0.5% of the total amount will be charged.

If the annualized rate of return is between 15% and 30%, a management fee of 1.5% of the total amount will be charged.

If the annualized rate of return is between 30% and 100%, a management fee of 12% will be charged for the profit exceeding 30%.

If the annualized rate of return is between 100% and 200%, a management fee of 25% will be charged for the profit exceeding 100%.

For that year, after the rate of return exceeds 200%, a management fee of 50% will be charged for the profit exceeding 200%.

This kind of floating management fee system is not new. Many funds have the same system. However, when Little Swift's system appeared, it still shocked many people because Little Swift was really too arrogant.

.

You know, even when the stock market is at its best, the annualized return of most funds will not exceed 30% at most. Under normal circumstances, the annualized return of a fund is actually about 5%.

But in reality, most funds lose money every year.

To put it bluntly, at this time, 60% of funds in the United States have a return rate of less than 5%. Now Little Swift has announced that no management fees will be charged if the rate is less than 5%. This means that Little Swift

You are confident that you can earn an annualized rate of return of more than 5% every year, otherwise Western Mustang will not earn a penny.

As mentioned before, the annualized rate of return of most funds will not exceed 30%, and even if the annualized rate of return reaches 30%, Western Mustang Company will charge a normal 1.5% management fee, but it can reach this 30%

In terms of annualized return, in 2001, there were only about 100 companies in the world.

Take the most famous Soros' Quantum Fund as an example. On average, it only has an annualized rate of return of 30%. However, other people's funds charge a management fee of up to 5%, and the total amount is charged regardless of whether it loses money or not.

5% is used as management fee, which is three times the management fee of most funds.

But even so, these funds are still sought after by countless people. They wave their money to snap up limited-release funds. The reason why they accept huge management fees is because of Soros's reputation. After all, their average annual income is

The 30% return rate is a real fact. Even if you pay a 5% management fee, you still make more money than other funds.

Therefore, Swift's fund is very cheap, with the cheapest management fee among all funds. If this is an average fund, it will still lose a lot of operating expenses in a year.

For example, this 20-person Ivy League team needs to pay about 2 million US dollars in salary in a year. Even though the fund already has a portfolio of 300 million US dollars, if it can earn less than 5% in a year

, then the company will not be able to earn a penny in management fees, and will have to lose at least 2 million US dollars in wages, as well as various miscellaneous expenses, such as stock transaction fees, etc., resulting in a loss of about 5 million US dollars a year.

There will definitely be.

It is even said that even if the annualized return rate reaches 15%, it will still lose money, because there is only 0.5% of the total management fee, and US$300 million is a management fee of 1.5 million.

Only after the annualized rate of return exceeds 15%, the normal management fee of 1.5% will be charged, so that it is possible to maintain a basic balance of payments.

So in terms of purchase cost alone, the purchase cost of Little Swift is definitely the lowest.

Of course, if the annualized rate of return of this fund can exceed 30%, then the management fee will start to become expensive, and a management fee of 12% is already very high.

A management fee of 25% over 100% is even more outrageous

As for the part that exceeds 200%, half of it is taken away in one go. This is an exaggeration.

But no one cares about this. After all, the normal annualized return rate of a fund is only about 5%. If it exceeds 30%, you are considered lucky. If it exceeds 100%, you will be the second Buffett.

If you can really exceed 100%, I will be willing to give you half of it. After all, the other half is equivalent to picking it up for free.

So in the end, when Swift launched this new floating management fee system, everyone who bought the fund almost immediately agreed to change the fund's fee rules, and then a large amount of money poured in.

As a result, a month later, the investment scale of the Western Mustang Fund reached a maximum of $ 500 million. This is the size of the funds of the Western Mustang Fund allowed by the law. If you still want to increase the upper limit of funds, it depends on the results of this year, and then apply for the application.

Continue to increase the scale of funds.

——————————

After flying in the air for more than 20 hours, I finally reminded that it was over Shanghai, and there were still a few minutes to land.

At this time, Huanghe suddenly felt someone next to him patted his shoulders, turned his head to look at it, and was a white young man about 20 years old.

It was reasonable to say that the yellow crane should sit in the first class, but the first class is already full, and even the business class is gone.

Inside the cabin.

Even the position was not leaned together. There were only two seats in the four seats. Let the boss Huang and Leng Yan sit together, and the remaining two seats were scattered in the two corners of the plane.

Therefore, in addition to such a neighbor, Huang He also sat next to his neighbors, which was the young man who patted his shoulder.

"Hello, are you from Shanghai?" This young man asked.

"No!" Huang He shook his head.

"Oh!" The expression of young people was a little disappointed.

"What are you doing?" Huang He asked with a smile.

"I came to China for the first time and wanted to find a shop in China, but I didn't have any friends in China, so if you are from Shanghai, you may help me and take me to find this shop!"

Young humanity.

"Listen to your meaning, you come to China for buying things?" Huang He asked in surprise.

"Yes!" The young man nodded hard "I just came to China for buying things in this shop. I originally wanted to find the address on the map, but I found that I overestimated myself to see it.

The ability of the map also overestimates my ability to distinguish Chinese characters. I found that all of this map is the Chinese characters I are looking for! "

"Oh, can you show me the address?" Huang He smiled.

"Okay!" The young man couldn't wait to hand over a note with the address to the yellow crane. The yellow crane glanced and couldn't help laughing.

Because this Chinese character is not written, but drawn. Each word is bigger, and the lines are not a line written by Chinese characters, but described.

"Sorry, this was painted by the Chinese characters on the computer, but you should be able to recognize it!" Young humanity.

"Of course, Shanghai Road!" Huang He laughed. "No wonder you say that there are these Chinese characters everywhere on the map. In China, there are more than 5,000 Shanghai roads. There is only one Shanghai Road in Shanghai.

There are too many plant buildings, it is normal for you to find it! "

Huang He laughed and read the entire address, and the expression on his face was a little weird.

"Isn't your address wrong?" Huang He asked.

"Yes, there is absolutely nothing wrong. I have compared more than 10 times, and I guarantee that no word is wrong!" Young humanity.

"Then what do you buy in this shop?" Huang He asked again.

"Of course, buying the most fashionable and making money at the same time, you don't know ..." The young man said half of his words, and seemed to think of something, and then made a stop gesture.

Business secrets, I can't tell you what I want to buy, but this will definitely make me make some money! "

"Okay!" Huang He nodded. "Let's teach you one of the easiest ways. After you get off the plane, you will give this note to the taxi driver, and he will take you to this shop.

The trouble is that this shop is on a walking street. The car is not allowed to pass, so when the taxi driver puts you down, you can take this note to ask some passers -by, and they will tell you where this shop is.

"
Chapter completed!