Chapter 641 159 billion US dollars
The next few days.
The company is on holiday for the New Year, so there is not much to do.
After Fan Wumian learned about the situation of the Mainland Bandit King Fund Company, he was idle most of the time and was only busy paying attention to the stock price trend.
When he found that the shoe had dropped and the market began to rebound, he immediately closed all his short positions except for Hongcheng, and his personal profit was a total of US$1.59 million.
As for the two hedge fund companies managed by John Paulson and Jowon Rogers, their paper profits reached 2.1 million and 1.32 million US dollars respectively.
Since the fundamentals of the subprime mortgage market have not been shaken, the rate of return is actually lower than that of Fan Wumian's own short selling of individual stocks.
Big Liu, Uncle Li, Zuo Ziyan's father and others are not the kind of people who would think of running away after making a little money, so the money, including the money raised from official enterprises, is still handed over to Fan Wumian to manage.
There is only a floating profit income on the books. Only when customers redeem or dissolve the fund can the Hongcheng Bandit King Fund Company extract a performance commission from it.
Starting from the sixth day of the Lunar New Year, various media outlets have been busy giving people advance warnings, telling them that due to external shocks and the possible slowdown or recession of the global economy, the A-share market may plummet at the opening.
On the eighth day of the Lunar New Year, the authorities also announced that they would start raising interest rates in order to cope with external pressure.
Faced with a series of heavy negative news, when A-shares and Hong Kong stocks opened on the ninth day of the Lunar New Year, they fell sharply as soon as they opened.
After the short market break at noon, several products under Boshi Fund are expected to have a single-day decline ranging from 4.88% to 6.71%.
Other peers were even worse off, with some funds even falling by more than 9%, indicating that most of the stocks they held hit their limit down.
All indexes fell sharply, both blue chip and small cap stocks plummeted, and 90% of stocks were at the limit down. This spectacular scene of "thousands of stocks hitting the limit down" made Fan Wumian gasp. He felt that the market was not rational at all and fell into panic.
He received many calls one after another, and Boshi Fund told him that the total amount of redemption applications from customers exceeded 30 billion yuan in just one morning. The reason was simply that they were worried about a complete collapse of the market and it would be too late if they didn't run away.
Considering that many investors lack rational investment thinking and even like to treat funds as bank deposits that are sure to make money, Fan Wumian believes that it is necessary to do something.
then.
He opened Penguin Weibo again and wrote:
——"The shoe has dropped. Today the market has fallen into a panic and plunge, which is actually completely unnecessary.
There are cheap chips everywhere, I am going to enter the market with a full position, you guys can do whatever you want."
——“Anyone who understands the tidal effect of the US dollar knows that before the market explodes, there will be a wave of sharp rises. As long as you seize the opportunity, the returns will still be considerable.
For clients who hold my company’s fund products, I sincerely advise you not to rush to sell them. I’m afraid you’ll cry in a month or two.”
Guo Biting has returned to the women's troupe to continue rehearsing and preparing for the performance at Hubei Radio and Television during the Lantern Festival.
The connection was almost seamless. Yesterday, Zuo Ziyan flew from Australia to Shanghai to have a small gathering with Fan Wumian.
Although she is not a serious professional actor, she is very well-known in Asia. Once the news that Zuo Ziyan came to Shanghai to find Fan Wumian and lived in his house spreads, it will definitely cause a big commotion.
Therefore, the girl was particularly sensible and only lived in the old villa on Julu Road. She had no intention of letting Fan Wumian take her out for travel and sightseeing.
The reason why she chose to have an underground relationship at the beginning was mainly because Zuo Ziyan was worried that her family and friends would object. Now she continues to choose to hide this relationship mainly out of consideration for her personal safety.
On the one hand, both of them are famous, and some of their extreme fans are very aggressive. It is impossible to understand the thoughts of these fans with normal thinking. After the news is announced, both parties may be in danger.
On the other hand, Fan Wumian and Zuo Ziyan do not want to be disturbed by the outside world, which would seriously affect their current lives.
Therefore, choosing to continue to keep a low profile is the most worry-free approach. This situation is very beneficial to Fan Wumian. For the sake of his colorful private life, he certainly does not want to change anything suddenly and would rather keep it secret forever.
At this moment, Zuo Ziyan was eating strawberries, and after reading the whole thing on the computer screen, she shook her head and sighed:
"I don't know how effective your words will be. Many people think they are very smart and don't listen to other people's opinions, especially during periods of turbulent market fluctuations. They only want to hear what they want to hear."
"As the boss of a fund company, you only need to be responsible for yourself and your investors. If the market falls further in panic, the price of picking up chips will be even cheaper."
“Buy when no one is interested and sell when the market is booming. Instead of stopping others and persuading them not to redeem, it is better to take the opportunity to do a good job. Then you will naturally attract a large number of investors and they will hand over their funds to you for management.”
Fan Wumian patted her hands and explained:
"The mainland's annual GDP is just over 21 trillion yuan, and more than 1 trillion yuan evaporated today. Although I like to make money, I don't want to see countless middle-class people return to poverty. The market is really being harvested by foreign capital."
"That's why I couldn't help but remind everyone to be wary of the dollar tidal effect to prevent the mainland stock market from completely turning into a big casino, with everyone playing the thrilling game of passing the parcel."
"It doesn't matter if they don't understand what I said now. If the market starts to overheat as I predicted, and stock prices rise irrationally, then even if only a small number of investors think of what I said, they can help cool down the market."
Zuo Ziyan asked:
"So if it's really like what you said, your own funds can be easily cashed out, but what about the Bandit King Fund and the BoShi Fund?"
Fan Wumian said decisively:
"Of course you have to run early. You must not think about making every last penny. Some things need to be prepared in advance, such as starting to diversify your investments now so that you can cash out when the time comes."
"The Bandit King Fund is okay, but the size of the BoShi Fund is a bit too big. If there is no way to get out of this unscathed, then use the cash from the fund to invest in gold to hedge the risk."
"The company has made a lot of plans based on my ideas. After helping investors make money, they will also try to preserve their profits as much as possible. There shouldn't be any big problems."
Many details cannot be predicted, so Fan Wumian can only take one step at a time.
Zuo Ziyan continued:
"This is just a small business because public funds account for the majority. Even if you help your clients make money, your company can only charge about 2% management fee."
"The real key is the U.S. side. If your hedge fund on Wall Street successfully shorts the U.S. housing market, the profits will be so high that you will have to use trucks to load up with dollars."
"Now Huifeng Bank has revealed the tip of the iceberg. The two largest subprime lenders in the United States, one announced a reduction in loan quotas, and the other warned of a possible huge loss. It is very likely that a major crisis with wide-ranging impacts has really occurred."
Fan Wumian was still in the mood to joke, and replied:
"Let's not talk about the opportunity. We should be civilized between you and me."
"I'm not too worried about the mainland. Some investors were influenced by the gambler mentality and rushed in to be cannon fodder. They didn't listen to the official advice at all. They just asked for it and can't blame anyone."
"The official interest rate hike in the mainland was originally intended to guide money to banks and remind everyone to be careful of financial risks. As for Wall Street, Rogers used the client's funds to increase leverage and now holds a short position of more than 10 billion US dollars. The day before yesterday, he called me and said that he was too cautious before and should have learned from me to short those stocks. He missed an opportunity in vain."
As a young lady, Zuo Ziyan has always admired strong people. When she heard that the holdings were over 10 billion US dollars, she was overjoyed. She kept rubbing Fan Wumian's face with her hands and said with a smile:
"You are so amazing. Every time I thought I knew you, you always create new surprises. I thought you were only good at singing and making movies, but I didn't expect you could make waves on Wall Street."
".Making trouble, is that a nice word?"
Fan Wumian continued:
"Those Wall Street institutions have always been good at harvesting emerging markets. I went to their base camp to do something, which can only be regarded as karma. Unfortunately, my allies who cooperated with me in short selling are still too weak. They can't tear off the skirt that Wall Street uses to cover its shame and see how torn its underwear is."
Zuo Ziyan had a strange expression on her face and said to him:
"This description is very vivid, but it also reveals a hint of vulgarity. No wonder you like to pull my stockings." (End of this chapter)