Chapter 52 Losing money

The more than $400 million that he inherited from the 'family fund' has more than doubled after Locke's operation during this period.

Before coming to New York, Locke didn't actually plan to leak the news.

But after meeting Martin Johnning, Locke knew that the news was no longer a secret in the eyes of some, so he prepared a court package for the unethical stockbroker.

Locke's lawyer would file a complaint for leaking customer information and give him a bill for compensation that the other party would never be able to pay.

Even if the evidence is limited, the lawsuit will continue until the gentleman's family property is spent in court, leaving him completely bankrupt.

But even so, Locke knew that this secret was no longer a secret in the eyes of many people, and those who should know it would soon know it, so he simply stopped deliberately hiding it.

The $120 million was used by Locke for short-term investments, and the rest of the funds were invested by Locke in several target companies and successfully became a shareholder in these companies.

He is not ready to participate in the management of these companies for the time being, but only intends to hold them for a long time, support the successful management of the previous life, and ensure the development of these companies.

Knowing that they were working for a young billionaire gave everyone a burst of enthusiasm.

Although this hundreds of millions of funds are personally managed by Locke and there is no management fee, even if he only chooses to invest steadily, the five-percent dividend is enough to support the company's normal operation.

The most important thing is that this fund confirms Locke's identity as a super-rich second generation in their eyes, and this identity also represents a wealth of contacts.

They are obviously mistaken, Locke does not have any special connections now, but Locke believes that with this 120 million US dollars, just relying on the income from future investment, the company will be able to get a lot of dividends.

The proceeds from the investment belong to Locke personally and are used to continue investing in the target company.

Most of the dividends received by the company will become Locke's own bonuses and various benefits in the company, and then most of Locke's expenses will be legally taken into the company's account, or become Locke's personal bonuses.

The remaining small part will become the company's operating funds and their bonuses.

As for pulling investment, Locke is not worried, as his fame spreads, naturally someone will pull Locke into the corresponding circle, and he can slowly manage his contacts.

Maybe it will take some time, after all, that's not what Locke's main business is.

But a year or two is enough for Locke to get to know and establish contacts, and the key is to prove his investment vision through the investment of Sky Fund.

As long as he sees the rich returns of this project investment, Locke can take advantage of the situation to launch a new project and persuade those investors to take out the money on hand and hand it over to Locke.

Naturally, the conditions of these projects cannot be as low as Locke's own funds, management fees, etc.

He can fully guarantee the principal and fixed income, and the yield is enough as long as it is higher than those stable investment funds on the market.

There are not many investors who like stable income in the United States, and when the time comes, Locke will invest these people's funds and obtain rich returns, and he only needs to give investors a fixed amount of income to borrow chickens and lay eggs, which is completely a capitalless transaction.

In any case, the eyes of the five employees here were no longer suspicious when they looked at Locke at this time, and their attitudes became respectful: "Boss, what are we doing now?" ”

Locke waved his hand: "Of course you have to start working, otherwise what will I pay you for."

Now give me the list of the rest of the company's clients, in addition to the project that I am personally in charge of, there is a new project, and we will only operate this one project in the future. ”

The fund project that guarantees the principal, Locke is also ready to implement it now, even if it can't attract enough investors, it can also be used as a rehearsal, the key is to make a good demonstration.

"Now I'm going to give you a demo." With the client list in hand, Locke went to a desk, unbuttoned his tie and suit, and looked like he was going to do a big job.

There are only a dozen or so remaining investment clients of Sky Fund, and there is only one piece of paper with the amount, name, bank account, contact information, etc.

The rest of the crowd watched as Locke picked up the phone and dialed the number, not knowing what he was going to do.

When the phone was answered, Locke quickly said, "Hello, Mr. Henry Speart?" I'm sorry to bother you at this time, but I'm Rock Lee, the new president of the Sky Fund. ”

"No, no, no, you misunderstood, there is no problem with the funds in your name, if you insist on giving up the high returns, I will arrange for someone to transfer the money into your account tomorrow."

An employee was ready to see Locke's jokes, Mr. Spitt was a client he developed, a hot-tempered old man who invested $300,000 last year and has now lost $50,000, and every time he called, he didn't have a good word.

Locke motioned for everyone to stop talking, pressed the speakerphone, and then came an angry voice from there:

"You Wall Street devils,, son, raiser, don't want to trick me into continuing to buy, you just want to cheat me out of my money......"

Without letting the other party continue, Locke interrupted at this time:

"That was a long time ago, and now the Sky Fund has been bought by the new owner, who is a super-rich, very rich guy with a net worth of more than a billion dollars.

We're now launching a new product that buys shares in oil, gas, General Motors, Boeing aircraft, and more, while investing in futures and foreign exchange, with a hedging of the principal.

We can guarantee the principal amount and pay a fixed dividend of 6% of the principal amount every year.

Everyone knows that only a few percent of the money is deposited in the bank, only 3 percent of the national debt, and those prudent funds will not return more than 4 percent at most, and they will not even be able to beat inflation.

And our new products guarantee that you will never lose your principal, if you lose, we are willing to compensate ourselves, and there will be a high dividend of 6% every year.

The main reason for this is that the new boss will give such preferential conditions in order to make a name for himself, improve the company's reputation, make up for the old customers, and reduce your losses.

I guarantee that there is no more secure and cost-effective financial product in the whole country, and ordinary investors can only buy up to 500,000 US dollars per person. ”

Hearing that the guaranteed principal and annualized dividend reached 6 percent, several employees couldn't help frowning, because they knew that this condition was too generous, higher than the interest rate of many commercial loans of banks.

Six percent earnings is fine, and foundations like Martin Johnning's ones generally promise 10 to 15 percent annual returns.

The Foundation takes 20% of the proceeds as a commission and daily operating expenses.

Of course, such investments usually come with huge risks, and among the bankrupt sisters, Martin Channing is screwed up because he can earn about 10% of his income every year.

This is almost impossible, because the rate of return is very unbelievable, not to mention the veterans and established investment companies in the industry, and those who know a little bit know that most of the companies that quote this return on investment have problems.

But there are always people who take risks for high profits.

In order to guarantee returns, Martin Channing can only deceive more people to invest, and use the money of later investors to pay the returns of previous investors.

In the end, the balloon blows bigger and bigger, and it becomes a typical Ponzi scheme.

This is actually a kind of guarantee, and then there is a revenue share, but it is not explicitly written on the contract, but through publicity and falsification to give investors such an impression.

Not even 10 percent, but with an annual return on investment of more than 5 percent, you have to be careful and careful.

But Locke gave a fixed promise of six percent of the return, and also guaranteed the principal, which inevitably made them suspect that Locke would definitely lose money if he did this.