Wall Street Legend

Having designed a financial product with such a high rate of return, and with so many people helping to promote it, the users who have already purchased it are also living signs, spreading the word one by one, resulting in the rapid rise in the performance of Tamsui Fund Company.

With a yield that is twice as high as long-term U.S. bonds, it would be surprising if people weren't crazy about it. If it weren't for the fact that they couldn't guarantee the safety of funds and felt that Freshwater Funds were not strong enough, even some Wall Street colleagues would like to use their funds to buy such financial products.

Ye Dongqing hasn't asked his employees to contact these organizations yet. Now they are just humiliating themselves. When the scale grows and better results are achieved, there is no need to worry about no one coming to them. In fact, there have been several recently. As a small business, I tried to communicate with Mr. Kanek, the acting director.

We are still in the period of accumulating capital and strengthening ourselves. Look at Bernard Madoff, the chairman of Nasdaq. He recently received a total of 200 million US dollars from a rich man. The news has spread. Recently, Freshwater Fund Company has received much more total funds from more than 2,000 investors.

Envy is for sure, but there is still a long way to go before we can accumulate qualitative changes from quantitative changes. Freshwater Funds are currently unable to attract truly wealthy people and large companies...

Stay in the office and look through recent transactions.

Ye Dongqing was thinking about other things in his mind, such as the temporary workers at Golden Island Financial Management Company, some of whom were dawdling or those with insufficient abilities, who would no longer have to work at the beginning of next year.

He thought that some year-end 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, next year we should think of ways to improve it and select some management talents from within the company.

There is an insurance company's organizational structure to learn from. He hopes that his Golden Island Financial Management Company will become a formal enterprise instead of a group of rabble that is difficult to manage. Appropriate requirements for the academic qualifications of new employees will also be required, and interviews will be more detailed. Be strict.

There are high dividends paid to investors, and there is also a group of people who need to use profits to support them. In addition to the necessary taxes and operating costs, the money in his hands will shrink, which makes the return on investment must be high enough. Just fine.

The current risk is acceptable, but the risk will be greater later on.

When this fund company only manages US$10 million in assets, even if it earns 20%, it will only be US$2 million. However, as the amount of capital it controls increases, after US$200 million, 1% A loss can wipe out the initial 20% profit.

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

After all, there are only a few fund companies that can escape the financial crisis. More fund managers will lose all the profits they made in the early stage to a certain crisis. Then those who should go bankrupt will go bankrupt, and those who should leave will leave. Anyway, management fees, procedures The money has already been put into your pocket, just enjoy life comfortably.

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

Middle-class investors, without top experts to help guide their planning, often quickly lose part of their principal after investing in a large fund with excellent performance in the past, and complain about their bad luck. In fact, they have missed the best opportunity. Entry opportunities and excellent early performance mean that the current capital scale is already large and the dividend is nearing the end.

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

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

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

The slightly larger pits were clearly visible to him, but Ye Dongqing couldn't remember all the small fluctuations in the short term. After all, he hadn't really studied them hard.

After a round of gains some time ago, Amazon fell again for several days. He thought he had escaped the crisis. However, things did not go as he wished, and market confidence was still insufficient, resulting in another sharp fall in the past two days. Amazon lost more than $8 million on its stock alone.

Looking at Netflix, which is engaged in the online rental and sale of DVDs, it also lost more than two million U.S. dollars, with a total loss of more than 10 million. As for Apple, this company has not seen much growth in recent months, and its trading volume Like a pool of stagnant water, it has yet to show signs of rising.

CEO Steve Jobs was trapped in a maze and couldn't find a way out. This made Ye Dongqing want to go to Silicon Valley in person and tell him face to face how to develop. However, the stock price fluctuations were small, which left Ye Dongqing time to make plans in advance. , after buying more Apple stocks, it is not too late to find ways to promote the development of this company.

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

It can be done for almost 200 million US dollars. Until now, Apple has not developed iTunes. People need to use third-party programs to download music for the Apple iPod Walkman. The operation is too cumbersome, making sales very poor.

One bite cannot make you fat, and Ye Dongqing doesn't think he 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 of Freshwater Fund and Facebook are enough to keep him busy until his head spins. I can't spare much energy to do it myself.

After all, he is not the type of young Edward who is a super-rich second generation with more than 10 billion US dollars in his family. He does not have much funds for his operation. Some opportunities are clearly in front of him, but in the end he can only let them slip away and invest in Facebook. The significance is that while making money through it, you can also use its platform and user base to develop branches and subsidiaries in the future, and put some relatively profitable Internet startups into your pocket, which is enough to eat while lying down... No, several lifetimes.

The issue of Tencent came to mind, and the fork in the road before him forced him to consider whether to invest in Tencent or focus on developing Facebook. Fifty million US dollars was simply too much...