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Chapter 52 Losing money

The more than 400 million US dollars inherited from the "family fund" have been successfully doubled after Locke's operation during this period.

Before coming to New York, Locke had no plans to leak the news.

But after meeting Martin Channing, Locke knew that the news was no longer a secret in the eyes of some people, so he prepared a court package for the stock broker who did not adhere to professional ethics.

The lawyer hired by Locke would file a complaint about the leak of customer information and give a compensation bill that the other party could never afford.

Even though the evidence is limited, the lawsuit will continue until the gentleman's property is consumed in court and he will be completely bankrupt.

But even so, Locke knew that this secret was no longer a secret in the eyes of many people. Those who should know would soon know it, so he simply stopped hiding it deliberately.

This 20 million US dollars is the funds used by Locke to make short-term investments. The other funds were invested by Locke into several target companies and successfully became shareholders of these companies.

He is not ready to participate in the management of these companies for the time being, but only plans to hold them for a long time to support the successful management team in his previous life and ensure the development of these companies.

Knowing that he worked for a young billionaire, all people burst into great enthusiasm.

Although the hundreds of millions of funds were managed by Locke himself and there was no management fee, even if he only chose to invest steadily, 5% of the dividends were enough to support the company to ensure normal operation.

Now I will give me the remaining customer list of the company. In addition to the project I personally manage, there is another new project, and we will only operate this project in the future."

Our new products guarantee that you will never lose money in your principal. If you lose money, we are willing to compensate ourselves. In addition, there will be a high dividend of 6% every year.

After the phone call was answered, Locke quickly said: "Hello, Mr. Henry Speart? I'm sorry to bother you at this time. I'm Locke Lee, the new president of Sky Fund."

Locke waved: "Of course you have to start working, otherwise what will I pay you for?

Without letting the other party continue, Locke interrupted at this time:

The remaining small part will become the company's operation funds and their bonuses.

This is mainly done by the new boss in order to make a name for himself, improve the company's credibility, make up for old customers and reduce your losses, so he considers giving such preferential conditions.

As long as you see the rich returns of investment in this project, Locke can take advantage of the situation and persuade those investors to take out the money they have on hand and hand it over to Locke for the management.

It’s okay to say that six percent of the profits are made. Foundations like Martin Channing, their names generally make promises of ten to fifteen percent of annual income.

We are now launching a new product that will buy stocks of companies such as oil, natural gas, General Motors, Boeing Aircraft, etc., and invest in futures and foreign exchange to achieve a principal guarantee through hedging.

Locke is also preparing to implement the fund project that guarantees the principal. Even if investors who cannot attract enough weight can be used as a preview. The key is to make a good demonstration.

But one or two years is enough for Locke to make initial contacts and establish connections. The key is to prove his investment vision through the investment of Sky Fund Company.

They obviously misunderstood that Locke has no special connections now, but Locke believes that the company can get a considerable dividend with this 20 million US dollars and the income from future investments alone.

"Now I'll give you a demonstration first." After getting the list of customers, Locke came to a desk, unbuttoned the tie and the buttons on the suit, and acted like he wanted to do something big.

In order to ensure profits, Martin Qianning could only fake and fool more people into investing, and use the money from later investors to pay the profits of previous investors.

No matter what, the five employees here no longer looked at Locke with suspicion, and their attitude became respectful: "Boss, then what are we doing now?"

"No, no, no, you misunderstood. There is no problem with the funds under your name. If you insist on giving up the high returns, I will arrange for someone to transfer the money into your account tomorrow."

As for attracting investment, Locke is not worried. As his fame spreads, someone will naturally pull Locke into the corresponding circle and can slowly build his connections.

The foundation takes 20% of the income as a commission and daily operating expenses.

Everyone knows that depositing money in the bank is only a pitiful one-point percentage, and treasury bonds are only three percent. The returns of those stable funds will not exceed four percent at most, and they cannot even outperform inflation.

But there are always people who are greedy for high returns to take risks for this.

I guarantee that there is no more reliable and cost-effective financial product in the United States. Ordinary investors can only buy up to 500,000 US dollars per person.”

Maybe it will take some time, after all, Locke's main business is not this.

The most important thing is that this fund confirms Locke's identity as a super rich second-generation in their eyes. This identity also represents a rich connection. As a boss, Locke must know many rich people and can attract investment more easily.

Next everyone watched Locke pick up the phone and dial the number, not knowing what he was going to do.

An employee was ready to watch Locke jokes. Mr. Speart was a customer he developed. He was an old man with a hot temper. He invested $300,000 last year and has now lost $50,000. He doesn't say anything good every time he calls.

Sky Fund has only more than a dozen remaining investment clients, only one piece of paper with the amount, name, bank account, contact information, etc.

The conditions for these projects are naturally impossible to be as good as Locke's own funds, and management fees and other things cannot be missed.

It can completely guarantee the principal and fixed income, and the rate of return is enough as long as the stable investment funds on the market are higher.

Most of the dividends received by the company will become Locke's own bonuses and various benefits in the company. After that, Locke's expenses will mostly go legally to the company's accounts or become Locke's personal bonus.

Of course, such investments are usually accompanied by huge risks. Among the bankrupt sisters, Martin Channing failed because his annual income can reach about 10%.

The income from the investment belongs to Locke, who is used to continue investing in the target company.

This is almost impossible because the rate of return is very incredible. Not to mention veterans and established investment companies in the industry, those who are a little familiar with the industry know that most companies that report this rate of return on investment have problems.

We can guarantee the principal, and in addition, we can pay a fixed dividend of 6% of the principal every year.

There are many investors in the United States who like stable returns. At that time, Locke uses the funds of these people to invest and obtain rich returns. He only needs to give investors a fixed amount of returns to borrow chickens and lay eggs. This is a completely unsubstantiable transaction.

"That's what happened before. Now Sky Fund has been acquired by the new boss. The new boss is a super rich man, very rich, with a net worth of more than one billion US dollars.

Locke signaled everyone not to speak, pressed hands-free, and then an angry voice came from over there:

"You Wall Street devils, bitches, whores, don't want to lie to me and continue to buy, you just want to lie to my money..."

When several employees heard that the guaranteed principal and the annualized dividend reached 6%. They couldn't help frowning because they knew that this condition was too generous and higher than the interest rates of many commercial loans in banks.

In the end, the balloon became bigger and bigger, and it became a typical Ponzi scheme.

This is actually a kind of guarantee, and then there is also a profit sharing, but it is not clearly written on the contract, but gives investors such an impression through publicity and fraud.

Not to mention 10%, you must be careful if the annual return on investment exceeds 5%.

But Locke gave a fixed promise of 6% of the return and guaranteed the principal, which inevitably made them suspect that Locke would definitely lose money if he did this.

(End of this chapter)