MTL - Wall Street Legend-Chapter 48 small profit

  Chapter 48 A small profit

Small but complete.

  Freshwater Fund Company has only a few people, and has formed the necessary personnel structure of a fund company, including an external law firm and the famous accounting firm PricewaterhouseCoopers, who will provide paid assistance to Ye Dongqing.

Currently wandering on the edge between crime and non-crime, many operations violate the legal requirements formulated by the regulatory agency, running a legitimate company is different from before, Ye Dongqing is still learning to abide by the law, there is always an invisible **** The feeling made him feel uncomfortable.

  Fortunately, there are many Wall Street companies and the small scale of the Freshwater Fund, leaving him some room for flexibility. As long as the pits are filled in time, there will be no major troubles.

For three days in a row, nearly 400,000 U.S. dollars was spent on purchasing various prizes, which brought in more than 6 million U.S. dollars in investment and more than 240 customers. These numbers are still increasing. Some people choose to give up, and more people choose I am struggling with whether to increase investment.

  There are a total of more than 400 potential customers. Ye Dongqing plans to make two return calls to them, trying to raise more funds for management. At the same time, I brought Ms. Vigo to the door in person, hosted by her, assisted by herself, tried to contact the wealthy people in the New York Chinese circle, and increased the dividend rate to 8%.

  About every three people, there will be one person who is interested, and the investment amount ranges from 100,000 to 400,000 US dollars. A rich second generation who owns a chain restaurant invested 700,000 US dollars in one go.

  In this busy state of small business, Freshwater Fund has managed tens of millions of dollars, and has gained some fame. A small number of customers take the initiative to call or come directly to seek this high-return financial product.

Ms. Laura was surprised by the growth rate of the amount. Considering the low-risk and high-yield prospects promised to customers, it is not surprising that they are willing to invest money. In the eyes of Carneg, Ms. Vigo and others, it should be surprising that Only millions of dollars were raised.

Change the name of Freshwater Fund to "Schroder" or "Merrill Lynch", and let them issue similar products at a rate of return of 7 to 8%. It is normal to raise tens of billions of dollars in a few days. Because investors want to believe in these strong companies.

Large fund companies are picky about investors and set a series of thresholds, such as verifying assets, stipulating the initial investment amount, agreed redemption period, etc., while investors are very picky about small fund companies, mainly because they are worried about their reputation and ability.

  Reputation can’t be done quickly, it needs time to accumulate slowly, and after the first batch of investors get their money next year, it is estimated that they can really feel relieved and attract more customers to invest.

This gave Ye Dongqing the idea of ​​launching a short-term wealth management product, such as a quarterly dividend of 2%, and an appropriate increase in commission, which is similar to the price paid for a one-year wealth management product, but it can speed up the growth of the customer scale, provided that perfection is always guaranteed If the contract is fulfilled, the cash flow will be under pressure, and the risk is within an acceptable range.

  Thoughts like this lingered in her mind, so Ye Dongqing decisively implemented this plan, and the types of wealth management products of Tamsui Fund expanded to... two.

Other fund managers don't have the confidence to gamble and win, and like to spread the risk widely. After analyzing Amazon's recently disclosed financial report, he put more than half of his chips on this company, investing a total of seven million US dollars, and the rest of the money Then invest in another Internet company called Netflix, which is mainly engaged in the online video rental industry.

It is used by Ye Dongqing to share risks and resolve internal conflicts in the company. The average purchase price is three dollars and eighty cents a share. If you buy it at the end of last month, it only costs about two dollars and seventy cents, and the total purchase price is nearly three dollars. 1.45 million US dollars, and hold 1 million US dollars in national debt.

Yes, there is a little trouble inside the Freshwater Fund, and Ye Dongqing also bought US Treasury bonds with pitifully low yields. This is his way of compromising with conservative employees. No one agrees to bet all their chips on Amazon. body.

  He knows that this company is destined to have a bright future, but other people don't know that Ye Dongqing's investment method is too radical and risky in the eyes of these veteran employees.

Although as the owner of the Tamsui Fund, in order to avoid being "justly reported" by a timid employee, Ye Dongqing feels that it is necessary to compromise with each other, and wait for some achievements to conquer these people After that, get tougher.

No matter what, Freshwater Fund Company started to get on the right track slowly, and began to try to set up a subordinate investment department to prepare for investing in Facebook. The domain name has just been paid for registration, and a small warehouse has also been rented as a temporary Office point.

On November 6th, he conducted an interview in a cafe on Wall Street. He recruited the supervisor first, and then asked the supervisor to select capable programmers. It needs to be handled by professionals...

  ****************

  Days are very fulfilling, not busy, and there are many messy things.

It seems that the information industry has really started to pick up. Nasdaq has risen for four consecutive days, and Amazon's stock price has soared by 29%. It can only be said that Ye Dongqing's **** luck is very good, and she caught this small fluctuation , The stock price of Netflix also rose by 21%.

In his view, this is more like a rebound after bottoming out. The transaction volume of the entire Nasdaq Internet industry is still not much. The final payment, or else always thinking about it.

He has two companies under his control, while FB is just an empty shell, and Freshwater Fund can get an average of about 600,000 U.S. dollars in investment every day, and there are more than 4 million U.S. dollars lying on the account. He plans to wait and see for a week. make a decision.

  In a short period of time, the rise was too rapid, which made people panic. This kind of performance is abnormal, very similar to the trapped stockholders and institutions struggling to survive. The inflow of funds is not much, and Amazon is even in a situation of net outflow.

So he asked the trader to clear 80% of Amazon's stock, and Netflix was supported by good news, so he kept it. In the next two days, Amazon's stock price plunged by one-third, and the lowest fell to $12.37, which was a perfect escape. Open a big hole and continue to buy with the whole position.

After coming and going, I made more than two million US dollars by hand. According to the agreed dividends, judging from the current capital scale, I only need to distribute about one million US dollars to customers after one year. I must have earned it. The celebration banquet must have to.

  On November 9th, Freshwater Fund finally welcomed a big client.

   Ms. Vigo helped to bring me here. I have an aquatic product company in Boston. The other party has expressed investment intentions, but I want to meet the person in charge of the fund first...

  (end of this chapter)