Chapter 103 Shorting, Stock Speculation
It is also a golf course on the doorstep, with indoor tennis courts.
Make an appointment in advance, ask the staff to turn on the air conditioner, and wait for the hotel's car to send Song Fuxiang over, Fan Liancheng found out that he also brought a friend over, so he asked someone to prepare another set of clothes and sneakers.
Rich people are not stupid.
Being willing to spend that much money, going in and out of high-class places, and participating in top circles, although it costs a lot of money, can often create greater value.
Of course, this also requires one's own ability, and many times it is mutually beneficial, and no one will give money to others for no reason.
Take the SSR Supercar Club as an example, there are more than 20 first-level members, more than 70 second-level members, and more than 100 third-level members, almost all of the top sons and ladies in the magic capital and surrounding cities.
Just the communication and transactions between these people can have tens of billions every year, and it is not only people who join the association, but also all kinds of resources, Ge Junfa has successfully connected with several thermal power stations and a steel mill, and earned tens of millions of "commissions" from his father.
There are really few lucky people like Fan Liancheng who cross the river with a dragon, he doesn't care about the so-called "Four Youths of the Demon Capital", others can't care less. A family of two rich people, Fan Liancheng is far more concerned by others than he imagined.
After Song Fuxiang came, he helped introduce him and said:
This is Gao Junye, a senior advisor at Goldman Sachs' asset management department in China.
His dad used to be a colleague of mine, and he used to be a colleague with me, a Ph.D. in finance from the University of Pennsylvania, mainly studying financial markets in Asia, and I think you should have a good talk. ”
Fan Liancheng knew it as soon as he heard it.
Where did there be so many coincidences, most of them were approached by the other party, and Director Song was not easy to refuse, so he kicked the ball to himself, just responsible for the introduction.
The one surnamed Gao, who looked relatively good, took the initiative to reach out with a smile on his face, greeted Fan Liancheng and said, "Boss Fan, I finally saw you, you can call me William." ”
The name William is too popular in the Chinese circle, William Zhao, William Wang, etc., Fan Liancheng knows several people.
The word "finally" already says a lot.
Fan Liancheng knew in his heart that since he came from the asset management department, most of them wanted to take money from themselves to earn management fees, and to put it bluntly, he was equivalent to a senior salesman.
After shaking hands with the other party, he replied with a smile: "Can you play tennis, right? I just want to find someone to ask about some financial problems, and when I sit down and find a place to talk after the fight, if there is a suitable project, I will invest some money, and declare a little in advance, now I am more inclined to be bearish on the market, and I can introduce some high-quality emerging companies." ”
The meaning is obvious, if you recommend it indiscriminately, say how good the market is, how hot the market is, etc., don't talk about it.
The crisis facing the subprime loan market has become a time bomb hanging over the global economy, and the more than 20 related companies that have collapsed have clearly expressed the risks, and even Fan Liancheng, an outsider in the financial circle, can have a premonition that something is wrong.
?? The English name is William, who only thinks that it will be more refreshing to talk to Fan Liancheng, and from then on he began to search for information all over his head, and replied with a kind smile: "Of course, I can play tennis, but the technology is very average, young people like you should know a lot about Internet companies, right?"
......
?? When they changed their clothes, Song Fuxiang, who was a little older, came on the field first.
Fan Liancheng has studied tennis, he hasn't touched a racket for a few years, he drank after the massage last night, and his back hurts faintly at the moment.
At the time, I felt that etiquette, horseback riding, golf, and tennis were useless, but now I find that I can often use them when socializing, the first ball touches the net, and after waving my arm, I send out the second ball, and the motor cells are relatively good, and I hit back after catching the ball.
William, who came from Las Vegas, barely passed the Mandarin level, and he knew that Fan Liancheng would have about 25 to 3.5 billion yuan in cash, which was worth making a special trip to him.
During the period, he made a phone call, explained the appeal, and asked the assistants to sort out the information within an hour and send it to his mailbox, and the headquarters of the magic capital was also quickly mobilized to help him collect all kinds of information that may or may not be used.
In the face of customers of Fan Liancheng's level, everything is the highest priority, if he can fight for more funds, William will not have to worry about expenses in the next few years, and the commission will be at least seven figures.
William Gao participated in the tennis club at the University of Pennsylvania, and before playing, he thought about releasing water a little, and only after he got on the court did he find that Fan Liancheng and Song Fuxiang also released water when they played, and even where the ball fell could be roughly predicted, and the action was very capable, and the hitting strength was also large, and he began to take it seriously unconsciously, busy running back and forth, and soon fell behind Fan Liancheng in the score, and the gap continued to widen.
?? More than ten minutes passed, and he was so tired that he was out of breath, but Fan Liancheng was just a little short of breath.
Song Fuxiang is very old, and William has to admit that he has been tired of coping with work all these years, and his physical strength cannot be compared with that of this twenty-year-old super-rich man.
???? Soon.
Fan Liancheng found that both opponents were unable to do it, and the hitting force was getting smaller and smaller, so he quickly stopped the sport.
He was the only one who was comfortable.
When they came to the Fan family's mansion together, William's hands trembled a little during the tea, and he seriously introduced the situation of various Internet companies to Fan Liancheng,?? And according to Fan Liancheng's idea, predicting the possible impact of the current subprime mortgage crisis, he listed several companies that may be more affected, including Bear Stearns, Lehman Brothers, Bank of Merrill Lynch, HSBC, etc., a total of more than a dozen companies.
Fan Liancheng unexpectedly found that the name of Goldman Sachs was also in it, and his eyes widened suddenly: "It's ruthless enough,?? I didn't even let go of my own company, if I really shorted Goldman Sachs, are you sure I won't be fired?"
William spread his hands indifferently and said, "Business is business,?? It doesn't have to fall absolutely, as long as you are willing to go short, at least the company can earn some fees and make up for some losses while falling. ”
This statement is ...... An asset advisor is a person who plays finance.
If he only had a general idea before, after William systematically showed him through his laptop, Fan Liancheng had quietly made up his mind.
The prospect is uncertain, and I dare not bet on the future of those Internet companies, but in this bearish area, Fan Liancheng has a greater grasp.
He didn't dare to bet on the demon wind of mainland A-shares, but it was worth betting on Europe and the United States that the market was dragged down by the crisis, which had risen for ten consecutive years, and the big bull market finally showed a weak situation, in the eyes of Fan Liancheng, he felt that it might be a good opportunity.
After discussing with Song Fuxiang for a long time, he didn't like a single stock, but on the idea of shorting, Fan Liancheng and Director Song reached an agreement, and finally decided to take out 300 million Hong Kong dollars from the company's books to bet on Lehman Brothers, Washington Mutual, Royal Scottish Holdings, HSBC, and Bear Stearns, the stock prices of the five listed companies, in a five-fold leverage, to short them through Goldman Sachs.
The common denominator is that it has a large number of North American home loan mortgage businesses.
Prepare to wait and see for a period of time, and then make further decisions depending on the situation, anyway, in this environment, it is unlikely that the stock prices of financial companies will rise, whether it is Fan Liancheng or Song Fuxiang, they all think it is worth betting.
It can be seen from the changes in the scale of short selling since the beginning of this year that the scale of short selling has increased more than tenfold in the past six months, and many people are also betting that the stock prices of these companies will fall.
Fan Liancheng's worth came too easily, and he was a very decisive character, and even William's proposal to take some more money out as a hedge was rejected by him.
Considering the worst-case scenario, it is only a loss of about 300 million Hong Kong dollars, unless the stock prices of these old financial institutions soar in the short term, so that Fan Liancheng can suffer heavy losses.
Is it possible? It's not a share.
He is more relieved, and he can't find any other good news except for the official backing.
entrusted Song Fuxiang to handle the transfer of funds,?? 300 million Hong Kong dollars, counting leverage, is equivalent to selling stocks worth 1.5 billion Hong Kong dollars, even Fan Liancheng feels that this is really not a small amount, which is equivalent to taking almost 200 million US dollars to bet.
In the unlikely event that it rises by more than 20 percent, it counts the fees that need to be paid to Goldman Sachs,?? It means that all the money invested is wasted.
So much so that after Song Fuxiang and William left, Fan Liancheng studied it again and again for a long time, and finally still insisted on his own ideas, feeling that the market was not right.
I finally understood why I rarely heard of a rich man who went to the casino to gamble.
Investing itself is already tantamount to gambling, so why go to the casino to find excitement?
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Part of the funds was used for shorting, and the transaction entrustment contract was processed with Goldman Sachs on the same day.
Part of the funds is intended to invest in the Southeast Asian tourism market, which is relatively stable.
The funds of the Huo Fund will arrive in the account within two weeks, and the purchase money that is expected to arrive within a month means that Fan Liancheng still has a large amount of money left in his hands and has nowhere to invest.
In addition to leaving some funds for emergency purposes, especially if you decide to go short, and holding a large amount of funds in case of emergency, Fan Liancheng has also begun to set his sights on the mainland real estate market and stock market.
It took two hours to analyze the study and continued after lunch,?? There is no short-selling mechanism in the mainland stock market, and there is almost no way to simply speculate on the market.
Thinking of hedging with the "subprime mortgage family bucket" outside, I picked the three industries of securities, real estate, and non-ferrous metals, and let Liancheng International play freely, and also took out 300 million yuan to diversify investment.
It's easy to make a decision, but it's a shame to be done.
even made Fan Liancheng regret it, reflecting on whether it was too hasty, and he was worried that he would become a "leek" in the eyes of others, as Lao Fan said, and become a loser in the mouth of others.
I have never made such a major and valuable decision in my life, and it is inevitable that I will start to suffer from gains and losses, and I wanted to talk to Lao Fan, but I didn't dare to tell him in the end.
After all, when I looked at the house a few days ago, I just said that I didn't dare to gamble, and if I changed my hexagram so quickly, I would probably be taken out by Lao Fan to make fun of it......
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