Chapter 329: Hot

The third branch of the Merrill Lynch Center Business Department, World Financial Center, Manhattan, New York

"Head, Django, today's transaction returns are all over, the average price of G3 funds to buy GE is 84.25, the average price of short selling is 85.35, the price of short selling to cover the position is 84.35, today's G3 fund operation on GE stocks, the cumulative earnings per share is 2.10 US dollars, almost 2.5%, with a leverage of 1:1, just today alone, the G3 fund's operation on GE stocks has a single-day income of nearly 5%! The average price of buying Ford cars before the close is 51.75, while the closing price of Ford cars is 52.75, and the current G3 fund holds 1.75 million shares of Ford shares in a full position, with a market value of 92.35 million, and the net value of the G3 fund has soared by 9 percentage points in a single day! The net unit value of the G3 fund after the close of the market is 1.1627! ”

When Mannie reported the above series of astonishing figures and earnings, the third business department was silent, Phoenix and Marbury couldn't help swallowing a mouthful of saliva, only to feel that their throats and eyes were dry, the net value growth of the G3 fund in the first week was 6.87%, but in the second week, the scale of the fund expanded by 4 times, and the first day actually won 9 points of income, this kind of unnatural results made all the members of the third business department excited and even a little trembling, and always felt that what happened in front of them would be just an illusion?

"Is there already a 16% gain? It seems that we are still off to a good start, why are you all in a daze? This is a real harvest of money, and we are only buying and selling big blue chip industrial stocks, we can achieve such success, but we use the rules of credit account day trading, at first we were not noticeable in the market, I believe that with the G3 fund table, there will be strong opponents in front of us, which is one of the reasons why I closed GE before the close of the market to switch to Ford! ”

Jiang Yelin's words did not make the atmosphere in the sales department much relaxed, if the G3 account is now empty, then the mood of the big guy will certainly not be nervous in front of the 16% return, the problem is that Jiang Yelin's style of entering and exiting the warehouse is too domineering and too aggressive, and now there are 1.75 million shares of Ford Motor in the account of the G3 fund, which makes people a little uncertain, Phoenix hesitated and finally asked,

"Django, while the winner is beyond reproach, why take the risk of buying Ford stock when speculation on GE stock has won so much? The big hole you smashed in GE's stock price before the close of trading made a large wave of blue chips dive with it, Ford's stock price and market value are far worse than General Motors, at this time, even if it is a rebound, why not buy General Motors? Not to mention the gossip rumors between GE and GM surrounding the Saab takeover – which is so hot that I don't see how Ford is better than GM. ”

"I don't agree with Phoenix's words, because we took over at a low level to make Ford Motor retaliate by about 2%, because Ford's circulation and market value are much smaller than General Motors, and the G3 fund is likely to not be able to hold up if it goes to General Motors' plate, and when the scandal between GE and GM is boiling, I think it is a good strategy to find another way to bet on Ford!" Marbury was clearly very supportive of the purchase of Ford, which was in fact a candidate for blue chips that he highly recommended to Jiang.

"Head, I think we are a little understaffed now, if the net value of the G3 fund can maintain the current level in the second week, the number of customers and funds subscribed in the third week will be larger, and with the increase in the scale of funds, we are bound to diversify our investments, if we enter and exit a stock in the whole position, it may be too eye-catching and attract guys with ulterior motives to report to the SEC, in addition, the G3 fund is too strong, maybe the operation of the past two weeks has moved other people's cheese, maybe there will be a strong opponent yin us!"

Jiang Yelin's words can be regarded as a precautionary measure, everyone understands that the tree is a big move, he didn't have time to say it in Old Wood's office just now, but now that he has this awareness, it is Old Wood, who is the department manager, is a little relieved, Old Wood nodded with a solemn face,

"Manpower is not a problem, I have sent a report to the central sales department, asking to increase the number of intern brokers, when the time comes, Phoenix and Marbury can focus on serving high-end customers, and hand over the small and medium-sized customers with an account investment amount of less than 50,000 US dollars to the rookies to take care of, of course, my personal opinion, the threshold for internal subscription of the G3 fund is appropriately lowered, so that the small and medium-sized customers of the third business department also have the opportunity to subscribe, which can reduce the daily work intensity of salesmen."

"This, with all due respect, head, you only see the successful performance of our trading now, but intraday trading and high-frequency trading itself is extremely risky, I don't think small and medium-sized customers are a good object to subscribe to the G3 fund, many people are small retail investors who invest thousands of dollars to tens of thousands of dollars, they don't think there is anything good to earn, they take it for granted, and there will be more trivial things when the time comes, and we will not be able to take care of so many small and medium-sized customers with our current manpower!"

Jiang Yelin is actually right, there are only five people in the third sales department now, even if the central sales department promises to increase temporary workers and interns, these people can at most help answer the phone and maintain the existing customers of the third sales department, in other words, it is only a customer service manager rather than a sales manager, the reason why G3 fund is an aggressive fund behind the high return is actually a high risk, and it is extremely important for traders to take precautions.

"Django, in fact, if the G3 fund can maintain an annualized return of 16%, it is a great achievement, do you have a medium and long-term prediction of the future trend of the G3 fund?" Old Wood obviously also thinks that if he blindly does short-term and intraday traders, he may have to get out of the basket sooner or later, so he asked this, not to hint that Jiang Yelin can accept it when it is good, keep the existing fruits of victory, and even let the G3 fund subscribe to the US 10-year Treasury bonds, maybe it is also a way.

"According to my plan, the size of the G3 fund in the third week should be doubled, and the share of the fund should be increased from 42 million to 100 million, so that we are a fund with a net asset of more than 100 million, and the threshold for customers can be further increased from $100,000 to $200,000, and the upper limit is released from $500,000 to $1 million. Jiang Yelin's words were obviously prepared.

"G31 Conservative Fund?" Marbury and Phoenix exclaimed in unison, Nima, this kid dared to think of anything, this first G3 fund has only been established for a few days, so he is thinking about setting up a second fund? That's a big step, isn't it?!

"Yes, the G31 Stable Fund promises to guarantee a minimum return of not less than the 10-year Treasury bonds of the United States, and the investment targets are mainly treasury bond trusts and other funds, and do not directly invest in stocks and financial derivatives, so that the threshold can be lowered to a very low level, and it can also take into account the trust of small and medium-sized investors in the three business departments...... The rookies who have dialed us up above can become salesmen of the G31 fund, so that we can walk on two legs, and we will not get more and more lame! ”

Jiang Yelin explained the investment direction of the G31 Stable Fund, and Old Wood was silent when he heard the words, and said after a while, "When the G3 Fund was established, it had already made the people in the first and second departments of the business envious, jealous and hateful, and it was only a few days later that we had to apply for the establishment of the G31 Fund. You can't let you run both funds alone, how can you be busy? ”

"Well, head, I don't have three heads and six arms, a G3 fund will make me anxious, I can build a G31 fund and hand it over to Phoenix to take the helm, Mannie will be his assistant, Marbury will still be my assistant to take care of the G3 fund, what about you, you are the head, of course you have to keep an eye on our big guy, right? Of course, it's okay for the G31 fund to be established later, but I'm afraid that as soon as the threshold of the G3 fund is raised, the small and medium-sized investors of our three departments will fall out, to be honest, the current threshold has made it very difficult for Marbury and Phoenix to explain to customers! ”

Before Jiang Yelin's words fell, the freckled beauty Manni on the side didn't agree, gritted her teeth and said viciously, "What do you say?" I don't want to be an assistant to Phoenix, haven't I bothered to do so much dirty work every day for you, the G3 Fund, and you have to cross the river and tear down the bridge now? Let Marbury partner with Phoenix to start a stable fund, and I will identify it as a G3 fund! ”

"Nonsense, Mannie, you're my assistant manager and secretary, but you only serve in the department at the same time, who said you could be an assistant to the G3 Fund?! Django Ye is just a junior salesman, and he hasn't reached the level of an assistant at all! Old Wood is obviously not happy, in fact, to say that he is really busy, Mannie is not so busy, after all, Jiang Yelin most of the time directly calls Guò to place orders with Merrill Lynch trading assistants in the field, and has not yet reached the point of fingering and adding a layer to let his assistant place orders for him.

As soon as Old Wood said this, Mannie looked unconvinced, but lowered her head to speak, and then raised her head pitifully and looked at Jiang Yelin for help, now everyone knows that this handsome Asian junior salesman and the helmsman of the G3 Fund is the backbone of the third business department, although Old Wood is the department manager, if you want to say that if you leave Django, how to operate the G3 Fund next is completely directionless.

"Well, I'm right, Mannie is the head of the third sales department, first to serve the head, and then to serve everyone, I can't afford to pay just me as an assistant, and Mannie's annual salary is higher than mine, right...... However, the G3 Fund is really inseparable from the help of everyone here, including Mannie...... of course" Jiang Yelin's words always loosened Mannie's tense face, and looking at Jiang Yelin's eyes couldn't help but feel a little hot.