Chapter 289 Private Asset Allocation
The matter of investing in a small theater, the two chatted casually in the car.
Back at home, Lin Feng thought about it because of this, and the current asset management situation of himself and Ye Zi is not very clear.
Of course, Ye Weiyu is Lin Feng's wife in this life, even in this life, the two have been together since they were 19 years old and sophomores, this is the so-called "acquaintance in the micro time", so when the two got married, he did not marry like most of the rich people in this world and make prenuptial property agreements.
That is, the property of the two is combined.
As at the church wedding, he vowed, "I will share with you all that I have, my body and my wealth on earth." ”
Therefore, although the shares held by the two are different from the perspective of the company's shareholdings, they can both be counted as family property.
It's just that dividends and investment income go into the accounts of the two of them.
At present, the property under Lin Feng's name, in addition to the shares of Fengxing and Menglong, the most important thing is his private company (Maple Leaf Co., Ltd.) set up in the British Virgin Islands, which he owns 100% of the equity and is also the main body of his investment.
Lin Feng used this company to open accounts with Swiss banks and HSBC in Hong Kong.
After a series of overseas investments and weddings, UBS now has $130 million in its account and $50 million in Hong Kong. It mainly comes from the dividends of Mylon over the years, the gains from the sale of Mylon shares, and the investment income from the recent sale of Myspace.
In addition to nearly $200 million in cash, Maple Leaf also holds an 18.65% stake in Menglong Technology, a 57.45% stake in Fengxing Online, a 12% stake in Tencent Holdings (which was absorbed from the secondary market and transferred by Fengxing), a 20% stake in Facebook, a 25% stake in Youtube, and a 40% stake in Gropo.
It can be said that this is almost most of Lin Feng's belongings.
In his domestic account, it is mainly the popular dividends.
Of course, Fengxing has been short of money before, and he invested money into it, and in 2005, especially after the launch of "World of Warcraft", Fengxing's profitability finally became stronger, and with the issuance of another 200 million pounds in bonds, Fengxing is not short of money, and the dividends that should be paid have been received.
At the end of the year, Lin Feng found that he had unknowingly accumulated nearly 400 million yuan in cash in his domestic account.
At a time when there is no particularly good investment goal for the time being, it is obviously very stupid to leave a large amount of cash in the bank.
Let the money flow, reasonable asset allocation, is the best choice.
In this regard, Lin Feng's personal financial advisor, McTomney, a partner of Goldman Sachs Group, originally made a complete set of financial management plans for him, but Lin Feng refused.
Joke!
At this time, it was the craziest time for investment banks, and a wide variety of financial projects were actually trust and insurance bonds and funds based on subprime mortgages, and in 2008, when the subprime mortgage crisis broke out, wouldn't he be unlucky?
You know, Goldman Sachs is one of the main investment banks that are the most rampant in selling subprime mortgage funds!
If it weren't for Goldman Sachs' deep background, and it happened to be Henry Paulson, the former chairman and CEO of Goldman Sachs, who served as the US Treasury Secretary at that time, and took out $16 billion from the $700 billion approved by the US Congress to bail out the market, it is estimated that Goldman Sachs would have gone bankrupt like Lehman Brothers!
Lin Feng is very conservative in finance.
After some thought, he is ready to divide his cash assets into three parts.
First, stocks. Although this is the most basic financial management, he knows which stocks will go crazy, so this is the safest investment. In the 06 and 07 years, high-tech stocks in the United States such as Apple and Google were still very good stocks - of course, they must all be liquidated by 08 .......
Second, equity investment, the advantage of equity investment is that, on the one hand, it can share the benefits of the future bull companies, and on the other hand, it can also make a layout for the strategic development of its companies, killing two birds with one stone. For example, Titter (Twitter), which was established in 06, and LinkedIn (LinkedIn), which was established in 02 and is still quietly operating but will explode soon.
Third, continue to hold cash. Cash is king, and that's true. Lin Feng felt that he must always keep a sum of no less than 100 million US dollars in cash, so that in the event of any emergency, he would not miss the opportunity or get into trouble due to financial problems.
In addition, Lin Feng felt that he could sell a small part of Menglong shares, after all, after all, Menglong's stock price fell all the way, and he would also have some losses, so he cashed out some cash at this time, and could buy it back at a lower price next year, which is also a means of asset management.
Lin Feng plans to sell another 3 million shares of Menglong ADR, and at the current price of $35, he can cash out another $100 million. In this way, his stake in Menglong will drop to 15.65%. Of course, he is also the controlling shareholder of the company because of the Class B voting rights.
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Ye Weiyu's assets are simpler, and after a series of agreements, her private company in Hong Kong, Weiyu Holdings Limited, holds shares in her name, Menglong and Fengxing.
In addition, her main assets are in Maple Leaf Investment, she is not only the GP of Maple Leaf Investment, but also the largest LP, when Maple Leaf Investment was founded, she invested most of her cash assets at that time 60 million yuan, and she accounted for 50% of the entire fund's investment, so in fact, it can be said that Maple Leaf Investment is hers.
After two years of development, Maple Leaf Investment's total assets under management have risen to 800 million yuan, a six-fold increase from the beginning, and it can be said that her income is also very good.
Lin Feng feels that Maple Leaf Investment has made a certain name in the industry, and with the addition of Li Ying, Maple Leaf's pattern and investment scope can be expanded.
It's also time for Ye Weiyu to raise a second fund again.
This time, he will invest a certain percentage of funds, and let Zhao Jun in China, and raise some funds overseas, so that in the future, whether Maple Leaf invests in China or overseas, it will be smoother when it enters some more sensitive areas.
In addition to the conventional asset allocation, there are also a lot of fixed assets under the names of the two.
At present, the two of them own four properties, in addition to two villas in Beijing, a hilltop mansion in Hong Kong, and a villa in Santa Monica Beach, California, USA.
Lin Feng felt that he could buy more real estate in China, such as Shanghai, such as Hangzhou and Shenzhen. After all, in the next ten years, domestic housing prices will soar, which is also an investment, and it is an asset allocation with very stable returns.
As for overseas real estate, let's wait until after the 08 financial crisis, when you can go on a shopping spree in London, Paris, New York, etc.!
Property prices in the core areas of these cosmopolitan cities will plummet......
There are too many other funds like cars, which are available everywhere, and Lin Feng is too lazy to count them.
There is also a charitable foundation, which is considered politically correct in China.
In addition to the Fengxing Charity Foundation established in the Fengxing Company, Lin Feng is also preparing to establish his and Ye Weiyu's personal charitable foundation at an appropriate time. At that time, you can also wait for the popular listing and inject some of the shares into the foundation.
There is no talk of donations to avoid taxes in China, but this is definitely something that is encouraged by the upper echelons, especially when it is popular and his net worth reaches a relatively high amount again, this behavior is also a kind of feedback to the society and the country.
Donate to your own foundation, because the foundation still belongs to the Lin Feng family, in fact, it will not lose its controlling interest, but the investment of the money is just public charity, and it can also leave a good reputation.
Otherwise, maybe someone will come to "fight local tyrants" and "slaughter fat sheep".
The rivers and lakes are sinister. [.]