Chapter 48: Making a Small Profit
Although the sparrow is small, it has all kinds of organs.
Tamsui Fund has only a few people, and has formed the necessary personnel structure of a fund company, including an external law firm and the well-known accounting firm PricewaterhouseCoopers, who will help Ye Dongqing for a fee.
At present, he is on the verge of being on the verge of committing a crime and not committing a crime, many operations violate the legal requirements set by the regulatory authorities, and running a legitimate company is different from before, Ye Dongqing is still learning to abide by the law, and there is always a feeling of being bound invisibly, which makes him feel uncomfortable.
Fortunately, there are many companies on Wall Street and the small size of the freshwater fund, which leaves him some room for flexibility, as long as he fills the hole in time, it will not cause any big trouble.
For three days, nearly $400,000 was spent on various prizes, bringing in more than $6 million in investment and more than 240 customers, and these numbers are still increasing, some people choose to give up, and many more are struggling with whether to increase investment.
There are also more than 400 potential customers in total, and Ye Dongqing plans to make two return calls to them to try to raise more funds for management. At the same time, she took Ms. Vigo to the door in person, presided over by her, and assisted by herself, tried to contact the wealthy people in the Chinese circle in New York, and increased the dividend rate to 8%.
Almost one in three people will be interested, with investments ranging from $100,000 to $400,000, and a wealthy second-generation restaurant owner who has invested $700,000 at once.
In this busy state of small fights, Freshwater Fund has managed tens of millions of dollars and has gained some fame, and a small number of customers take the initiative to call or directly come to the door to seek this kind of high-return wealth management products.
Miss Laura was surprised by the increase in the amount, and given the low-risk, high-yield prospects promised to her clients, it was not surprising that they were willing to invest their money, and in the eyes of Carneke, Ms. Vigo, and others, it should be surprising that only millions of dollars were raised.
Changing the name of a freshwater fund to "Schroders" or "Merrill Lynch" and having them issue similar products at a rate of return of 7 to 8 percent is normal for them to raise tens of billions of dollars in a matter of days, because investors want to trust these powerful companies.
Large fund companies are picky about investors and also set a series of thresholds, such as verifying assets, specifying the minimum investment amount, agreeing on the redemption period, etc., while investors are very picky about small fund companies, mainly because they are worried about their credibility and ability.
Credibility can't be done quickly, it takes time to accumulate slowly, and when the first batch of investors get the money smoothly next year, it is estimated that they can really put their minds at ease and attract more customers to invest.
This gave Ye Dongqing the idea of launching short-term wealth management products, such as a quarterly dividend of 2%, and appropriately increasing the commission, which is similar to the price paid by one-year wealth management products, but it can speed up the growth of customers, provided that perfect performance is always guaranteed, cash flow will be under pressure, and the risk is within an acceptable range.
Such ideas lingered in his mind, so Ye Dongqing decisively implemented this plan, and the types of wealth management products of Tamsui Fund were expanded to ...... Both.
After analyzing Amazon's recently disclosed financial report, he put more than half of his chips on this company, investing a total of $7 million, and investing the rest of the money in another Internet company, called Netflix, which is mainly engaged in the online video rental industry.
It was used by Ye Dongqing to share risks and resolve internal conflicts within the company, and the average price of one share was $380 cents, and if it was bought at the end of last month, it would only cost about $270 cents, a total of nearly $3.45 million, and a million dollars in treasury bonds.
Yes, there was a little trouble within the Tamsui fund, and Ye Dongqing also bought US Treasury bonds with pitiful yields, which was his compromise with conservative employees, and no one agreed to bet all their chips on Amazon.
He knew that this company was destined to have a promising future, but others didn't know that in the eyes of these old employees, Ye Dongqing's investment method was too aggressive and risky.
Although he is the owner of the Tamsui Fund, in order to avoid being "justly reported" by a timid employee and stabbing him in violation of the law, Ye Dongqing feels that it is necessary to compromise with each other, and then become tougher after doing some achievements to conquer these people.
In any case, Tamsui Fund Company began to slowly get on the right track, and began to try to set up a subordinate investment department to prepare for investing in Facebook.
On November 6th, he conducted an interview in a café on Wall Street, first recruiting a supervisor, and then asking the supervisor to select capable programmers......
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Life is very fulfilling, it can't be called busy, and there are a lot of messy things.
It seems that the information industry has really begun to pick up, the NASDAQ has risen for four consecutive days, and Amazon's stock price has risen by 29% rapidly, so it can only be said that Ye Dongqing's shit luck is very good, seizing this small fluctuation, and Netflix's stock price has also risen by 21 percentage points.
In his opinion, this is more like a rebound after bottoming out, and the transaction volume of the entire Nasdaq Internet industry is still not much.
With two companies under his hands, FB is still just an empty shelf, and Tamsui Fund can pull an average of about $600,000 in investment funds every day, with more than $4 million lying on the books, and he plans to wait and see for a week before making a decision.
The short-term rise is too fierce, so fierce that it makes people panic, this performance is abnormal, it is very like trapped stockholders and institutions struggling to survive, the amount of inflow is not much, and Amazon is even in a net outflow situation.
So let the trader clear eighty percent of Amazon stocks, Netflix was supported by good news, and he left it, and in the next two days, Amazon's stock price dived by one-third, and the lowest fell to $12.37, perfectly avoiding a big hole, and continued to buy in the whole position.
Coming and going, I made more than 2 million US dollars, according to the agreed dividends, with the current scale of funds, only about one million US dollars will be distributed to customers after a year, which must have been earned, and the celebration banquet must be had.
On November 9th, Freshwater Fund finally welcomed a big client.
Ms. Vigo helped bring it, the kind that Lao Tzu has a fishery company in Boston, and the other party expressed his intention to invest, but wanted to meet the person in charge of the fund first......