Chapter 588: Russell's Investment Plans
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Fan Wuxian ran home for a trip, but no one was caught at home except for the nanny, the elder sister was still on her honeymoon, the elder brother went back to Tianjin, and the mother Zhang Mei owed a lot of work tasks because she had been at home for a while to organize Fan Ting's wedding, and she went back to the unit to deal with historical debts for a while.
In this way, Fan Wuxian felt that he was not interesting, so he wanted to go back to the company to take a look, and the people in charge of the following branches have not bothered him much recently, who knows what important things need to be dealt with by himself?
After all, now that the U.S. economy has begun to develop in the direction of a bubble, the rise of the stock market has reached a more frenzied level, if it were not for the gimmick of the so-called new economy and digital economy, so that investors do not know where the high point is, it is estimated that it would have collapsed long ago.
Last year, the U.S. economy generally maintained rapid and steady growth, but it was only in the second quarter that the growth rate of private consumption suddenly fell and imports of goods and services also increased rapidly, which led to a slowdown in the overall economic growth, but for the whole year, it was the highest growth rate in eight or eight years.
In the first quarter of this year, despite the fluctuations in economic growth due to the impact of the Southeast Asian financial crisis, the annual growth rate is estimated to remain the same as last year.
In May, Clinton was in the middle of a pick-up. In a joint interview with the Wall Street Journal and NBC Cable Television, the federal budget is expected to run a $50 billion surplus by the end of September 30 of this fiscal year, which will be the first time in a decade.
And the U.S. stock market is also bullish in New York. Stock prices are climbing, and in early April, the Dow Jones Industrial Average broke through the 9,000-point mark and continued to rise, driven by IBM's profit report and Internet stocks.
And as the IT industry gradually becomes American. In addition to promoting the growth of the total economy, the pillar industries have also promoted the improvement of labor productivity.
It was established in 1971 and mainly provides listing services for small and medium-sized enterprises. The NASDAQ stock trading system has attracted a large number of small and medium-sized high-tech enterprises. The rapid development of the Internet around the world has made Internet stocks the new upstart of the U.S. stock market.
In 1995, when Netscape went public, the company invested 1,000. A $7 million company that didn't make a single profit for 16 months turned overnight into a $2 billion giant, creating the first myth of the Internet age.
In May last year, the online bookstore Amazon Inc. went public, and this year, because of the hot speculation of e-commerce, everyone suddenly found that Amazon's model is the best example of the virtual market to defeat the real market, so now, Amazon's stock has risen 23 times, and there is a trend of continuing to rise, it is estimated that by the beginning of next year, Amazon will become a behemoth with a market value of more than 40 billion.
And three years ago in the United States. At that time, AOL's market value was only one-tenth of Netscape, but now, due to the acquisition of other companies by AOL, its market value has exceeded Netscape by ten times, and it can be said that it has risen 100 times year-on-year in three years.
According to traditional economic theory, a stock market rise of about 15 to 20 percent is a bubble economy, and now, the Nasdaq index has hit 60 new highs in a year, with an increase of 85.6 percent, and the price-earnings ratio of Internet stocks is also amazingly high, the price-earnings ratio of AOL is 230 times, and Dell's is 100 times.
The reason behind this phenomenon is by no means gratuitous, and the role and contribution of venture capital cannot be ignored.
Any entrepreneurship requires investment, but also has risks, lack of investment and unwilling to take risks of entrepreneurship is not existing, the reason why the new economy can rise rapidly, the reason why high-tech enterprises can grow rapidly, an undoubted decisive factor, is the intervention and support of venture capital.
When the Internet was just in vogue, venture capital invested a lot of capital in newly launched companies, often before they could prove whether they were in line with the business model, because venture capital was eager to get these companies listed and cash in on their investments as soon as possible, so that well-known institutions such as Morgan Stanley, Goldman Sachs and UBS, which had adhered to investment principles for many years, also lost their principles, driven by profits.
UBS, for example, used to have an empirical rule that any company that underwrote shares must have earned at least $10 million in the year before going public.
However, this regulation has now become a point of contention.
Because just this month, a little-known Internet company went public with a new listing, which soared from $9 to $97 on the same day, and the company easily captured more than $1 billion in market value.
This crazy scene changed UBS's investment principles almost overnight, and they decided that the conditions for recommending companies to go public and underwrite their shares would be changed to $2.5 million in revenue over the past quarter, regardless of previous performance.
In this way, it is natural to greatly increase the rate of new stock issuance, lower the threshold for new stock issuance, and the Internet stocks can be said to be muddy, but all stocks that are related to the Internet can easily go to the NASDAQ to catch fire.
Of course, Fan Wuxian also knows very well that now is not the hottest time for the NASDAQ, and it will be the year after tomorrow, that is, in the new millennium, before the bubble is about to burst, it can be called the final madness.
Fan Wuxian feels that many of his investments need to be screened before the middle of next year, leaving high-quality assets to continue to hold, and temporary investments need to be made, otherwise it is really not easy to sell so many assets for a while.
After Fan Wuxian arrived at the company's headquarters, he found that the atmosphere here seemed to be a little weird, Russell Su was discussing something in a low voice with a few girls of the same age at the front desk, while the nearby security guards avoided it from a distance, not knowing what special things were going on?
"What are you talking about?" Fan Wuxian leaned over and asked.
"Huh?!" When several front desk MMs saw the boss suddenly appear, they couldn't help but lose their faces.
The company has very strict requirements, you can't chat during working hours, and the personnel department under Fan Ting has always cracked down on this kind of thing that may affect the company's image, so everyone is very careful not to offend.
But because Fan Ting went out for her honeymoon and was not in the company for a while, the people in the personnel department were also lazy and did not supervise so closely, so when they were okay at noon, they got together to chat.
However, they never thought that Fan Wuxi would appear in the company at this time, and because they were too involved in chatting before, they didn't find out when he came over.
Russell was talking happily, and when he turned his head, he saw Fan Wuxi, and immediately covered his mouth, his eyes widened.
Seeing this, Fan Wuxian nodded her nose, "You, come up with me to take a look at the latest information." ”
"I still have a job at the front desk, why did you call me a secretary?" Russell reluctantly followed Fan Wuxi's ass and entered the elevator.
As soon as he entered the elevator room, Russell sat next to Fan Wuxian very consciously, and bumped him with his shoulder, "At noon, the boss is not resting at home, how do you remember to run to the company to work overtime?" ”
"I still have to ask you-" Fan Wuxian rolled his eyelids and said, "The company paid you to come here, is it for you to chat?" A few front desks gathered together and laughed, even the guests came to be unaware, what kind of system? I was embarrassed to say you in front of everyone just now, do you think it's very professional to do this? ”
"Isn't it because you're bored?" Russell pulled Fan Wuxi's collar boredly and said, "The top students of Peking University were placed here as vases, if it wasn't for the good treatment that Sister Fan Ting gave me, I wouldn't want to do it." ”
"You mean to say that this job is a bit of a waste of your talent right now?" Fan Wuxian asked with a smile.
"Of course, it's not challenging at all, all day long is to smile after seeing guests, then greet, then register, and then give directions, or call the heads of various departments to report, just these simple things, what professional standards do you say can be reflected?" Russell complained with a bit of disgust.
"Greeting people with a smile is also a skill, and it is indispensable as an experience in life." Fan Wuxian leaned back, leaned on the back of the sofa, looked at Russell, and said very seriously, "Smile is actually a very invincible weapon, you may not have experienced it now, but after officially entering the workplace in the future, you will find that only people who learn to face life with a smile will have more room for development." ”
With a ding, the elevator arrived, and the two people stood up, walked out of the elevator room, and entered Fan Ting's president's office.
Because Fan Wuxian hadn't eaten yet, he asked the people in the restaurant to bring one up, and read the information while eating.
"What were you talking about? I saw that the security guards were hiding far away, as if they had seen a ghost. Fan Wuxi asked with some curiosity.
Russell Susu's face suddenly turned red, and his expression twisted a little.
"Khan, it seems that it is a sensitive topic again, so it's okay not to talk about it." As soon as Fan Wuxi saw her expression, he knew what was going on, so he waved his hand and said.
Russell bit his lip and said a little hesitantly, "Actually, it's not like that, it's just that people don't have a little money on hand now, so everyone got together and discussed what investment to make." ”
Oh, Fan Wuxian nodded, and said in his heart that these front desk MMs do have a lot of income, and if a few people get together, it would really be interesting to make some investment, so he asked, "Then what do you all have in mind?" Engaging in investment is not a shady thing, it is not so sneaky, right? Say it, and I can help you with a little more advice. ”
"A few of them said that the stock market is very hot at the moment, and they want to invest in stocks, but because of the conflict with the time of work, they can't make up their minds." Russell said.
"It's not a good idea." Fan Wuxian shook his head and said, "Let's not say that there is a conflict with the working time, that is, you have no experience in this area, if you only rely on following the trend, it is difficult to make money, and if you want to speculate in stocks, you must have good psychological quality, accurate vision, and a sensitive nose. ”
When Russell Su heard this, he retorted a little unconvinced, "Brother Wu, you seem to be underestimating us girls a little bit!" ”
"It's not a matter of underestimating or underestimating, but that's basically what factual experience is." Fan Wuxian spread his hands out, but he immediately asked, "Do you have any other ideas?" ”
"Well, I mean, I want to open a boutique lingerie store." Russell replied with a blushing face.
"Boutique underwear stores, this kind of store seems to have a lot in the capital, it's not a good idea." Fan Wuxian thought for a while and then said.
The atmosphere in the capital is relatively open, although it is not as good as the coastal area, but basically there is something to have, there are many specialized underwear boutiques, although the price is expensive, but it is still a hot business, the only disadvantage is that the competition is fierce, and the investment in the store is relatively high, if you can't get some big brand agency, it is more difficult to make a profit.
"No, we're not talking about ordinary underwear—" Russell Su twisted and coquettishly beside Fan Wuxi.
"Not ordinary underwear? Could it be, a raincoat? Fan Wuxian was stunned for a moment, and then asked with some uncertainty.
Russell blushed and said, "How can we girls be embarrassed to sell that kind of thing?!" We're talking about erotic lingerie! ”
Erotic lingerie? Fan Wuxi touched his nose and said, "It's a good idea, but I think that a few young girls partner up to sell erotic underwear, and this challenge doesn't seem to be much worse than selling raincoats!" ”
"That's why people are a little undecided—" Russell said.
However, from Fan Wuxi's point of view, assuming that several of his company's front desk MMs can wear erotic underwear for publicity, it is estimated that the door of the store will be kicked out, in a sense, it seems that this idea is also very good.
If nothing else is taken into account, just trying to entice men to buy it as a gift is enough to make them earn a few dollars and count them to the point of cramping.
If children's products are meant to make adults bleed, women's erotic underwear is meant to make men bleed.
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