Chapter 94: Long-term benefits

The design of financial products with such a high rate of return, coupled with the help of so many people to promote, the users who have already purchased them are also living signs, one by one, resulting in the performance of Tamsui Fund Company in a stage of rapid growth.

It is surprising that people are not crazy about the fact that they are not crazy about the fact that they cannot guarantee the safety of their funds and feel that the strength of the freshwater fund is not enough, and even some Wall Street peers hope to buy the funds in hand into this kind of financial product.

Ye Dongqing has not let the employees contact these institutions, and now the door-to-door is just self-inflicted humiliation, and when the scale grows and achieves better performance, there is no need to worry about no one coming to the door by themselves, in fact, there have been several small enterprises recently, trying to communicate with Mr. Kanek, the acting director.

While still in the period of accumulating capital and strengthening itself, look at the NASDAQ chairman Bernard Madoff, who recently received a full $200 million from a wealthy man alone, and the news has come out that it is much more than the total amount of money that Freshwater Fund Company has recently received from more than 2,000 investors.

Envy is certain, but there is still a long way to go if we want to accumulate qualitative changes from quantitative changes, and Freshwater funds cannot attract real rich and large companies for the time being......

Stay in the office and look through the latest transactions.

Ye Dongqing was thinking about other things in his head, such as the group of temporary workers of the Golden Island Wealth Management Company, some of whom were chaotic or incapacitated, and they would not have to continue to work at the beginning of next year.

He thought that he should add some year-end benefits to the group of employees who really worked hard. There is also the management structure, as the number of people in the company increases, we should think of ways to improve it next year and select some managerial talents from within the company.

He hopes that his Golden Island Wealth Management Company will also become a regular enterprise, rather than a group of rabble that is not easy to manage, and there should be appropriate requirements for the academic qualifications of new employees, and the interview will be more strict.

There are not only high dividends paid to investors, but also a group of people who need to be supported by profits, plus those necessary taxes and operating costs, the money that can reach him will shrink, which makes the return on investment must be high enough.

The risk is acceptable at the moment, but the risk is greater the later.

When this fund company only manages $10 million in assets, even if it earns 20 percent, it will only be 2 million dollars, but with the increase in the amount of capital under control, after 200 million dollars, a loss of 1 percent can wipe out the initial 20 percent of the profit.

It's an open secret in the fund industry, they always boast about how safe and sound the fund is, 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, and more fund managers will lose all the profits earned in the early stage into a crisis, and then the bankruptcy of the bankrupt and the departure of the person who should leave, anyway, the management fee and handling fee have already been put into their own pockets, just enjoy life comfortably.

Therefore, smart people only hold the fund for seven or eight years at most, near the end of the golden cycle, once they notice that something is wrong, they will immediately withdraw their capital and leave, and wait until the next opportunity to enter and avoid unnecessary risks.

Middle-class investors, without the help of top experts to guide planning, often invest in a large fund with excellent performance in the past, quickly lose part of the principal, and complain that they are unlucky, in fact, they have missed the best opportunity to enter, the early performance is excellent, which means that the scale of funds is now very large, and the dividend is nearing the end.

This is the reason why smart people like to grasp the general trend, they will flexibly choose investment methods according to the economic cycle, the reason why Warren Buffett has become a stock god, mainly because he has a more long-term vision than the immediate interests, and likes to choose the trough period to enter the game, and try to avoid risky industries.

For example, in the Internet industry, Warren Buffett doesn't understand it very well, and he is not optimistic about long-term returns, so he resolutely does not touch it, although he missed a wave of golden periods, but he also avoided the huge risks of the past two years, and no one doubts that the old man will have no money to invest like Ye Dongqing.

Ye Dongqing, who has his own "large lightning rod", knows where there will be a pit in the next ten years, which is a key factor in the future development of the freshwater fund.

The slightly larger pit was clear at a glance in his eyes, but the small fluctuations in the short term, Ye Dongqing couldn't remember them all, after all, he hadn't really worked hard to study them.

Some time ago, after a round of rises, Amazon fell for several days, he thought he had avoided the crisis, but things did not go as he wanted, and market confidence was still insufficient, resulting in another sharp drop in the past two days, and Amazon alone lost more than $8 million in this stock.

Looking at Netflix, which is engaged in online rental and sale of video discs, it also cost him more than $2 million, with a total loss of more than 10 million, as for Apple, this company has not risen much in recent months, and the transaction volume is like a pool of stagnant water, and it has not yet shown signs of rising.

CEO Steve Jobs was stuck in a labyrinth and couldn't find a way out, which made Ye Dongqing want to go to Silicon Valley in person and tell him how to develop in person, but the stock price fluctuation was small, which left Ye Dongqing time to lay out in advance, and after buying more Apple shares, it was not too late to find a way to promote the development of this company.

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

It's almost $200 million, but until now Apple hasn't developed iTunes, and people need to use third-party programs to download music for Apple's iPod Walkman, which is too cumbersome to operate, making sales very bad.

You can't become a fat man by eating in one bite, and Ye Dongqing doesn't think that he can make all the money in the world.

Using limited funds to buy Apple shares, as the company develops to enjoy dividends, this is also very good in his opinion, from the current point of view, Freshwater Fund, Facebook, these two companies, is enough to keep him busy to the point of dizziness, not too much energy to do it himself.

After all, it is not the kind of little Edward, the family has more than 10 billion dollars of super-rich second generation, there is not much money for him to operate, some opportunities are clearly in front of him, but in the end he can only let them slip away, the significance of investing in Facebook is that while making money from it, it can also use its platform and user base to develop branch subsidiaries in the future, and put some more wealthy Internet startups into his pocket, so that it is enough to lie down and eat for a ...... No, it's been a lifetime.

The matter of Tencent came to mind, and the fork in the road in front of him made him have to start thinking about whether to invest in Tencent or concentrate on "financial power" to develop Facebook, 50 million US dollars is too much......