Chapter 697 God of Wealth Blessing
I learned that I had made $2.3 million before going to bed.
After getting up the next morning, Fan Wumian picked up the first-generation iPhone on the bedside table and saw a bunch of unread emails on the screen. He instantly guessed that today would probably be a busy day.
"The Youngest Son of the Chaebol Family" has been completed, and he has been idle these days. Affected by the sharp drop in US stocks in the middle of the night, A-shares and Hong Kong stocks will inevitably fall today. The asset management business will most likely fluctuate. It will also take some time to communicate with the media, officials, and Wall Street.
Apple had just started producing mobile phones and its market share was pitifully low. The first generation of iPhones were relatively safe to use for the time being and there should have been no backdoors implanted in them.
On the contrary, Fan Wumian is a little worried about brands such as BlackBerry and Motorola, which are strongly recommended by the US government. Although others do not know what the "Prism Gate" is, he has read related exposé reports and has some understanding of it.
Ordinary people are not worth being monitored no matter what product they use, but they think they can barely be considered "high-value targets" or have the opportunity to contact some key figures. They may be targeted by people or organizations with ulterior motives. Whether it is exposing real-time location or leaking private information, there are certain potential risks, so it is definitely right to be on guard.
Don't rush the work.
When he got up from the bed, Fan Wumian first thought of three companies: Boshi Fund, Mainland Bandit King Fund, and Xinhua Insurance.
In the past few days, they have been busy reducing their holdings and cashing out, but due to industry regulations and some restrictions from above, there are still more than 100 billion yuan of assets left in the market. Today, they may be dragged down by the overall market, causing their assets to shrink.
Fortunately, after reducing their holdings and cashing out more than 100 billion yuan, the risk has been reduced to a barely acceptable level. In addition to adjusting their positions in a timely manner and allocating some real estate, energy, mining and other projects with strong risk resistance, these three companies will also allocate part of the funds obtained from cashing out to gold, large-scale bank wealth management, securities and other fields to hedge risks.
If there is a market crash, even if there is no loss at all, at least the decline is relatively small and the impact is within the controllable range. As long as the losses are much less than others, investors will not run a run on the bank, make trouble, cry and curse. Instead, they will be glad that they have vision and choose to hand over their money to him to manage.
It’s like a group of people encountering a lion hunting them on the African savannah. In fact, they don’t have to run faster than the lion, as long as they outrun the others, they win.
Except for China Merchants Bank and Bank of China Fund, in which he invested, other asset management companies on the market were either completely unprepared or their preparedness was not strong enough. Once the stock market crash caused by the subprime mortgage crisis occurred, the decline of their wealth management products would definitely exceed that of similar products of the "bandit series".
The financial products launched by Fan Wumian have stronger risk resistance. At the same time, there are a large number of gold, large deposits, government bonds, foreign exchange, etc. to hedge and bring income. In this round trip, customers’ losses will not be too great.
If it is confirmed that the subprime mortgage crisis has really exploded, he feels that the mainland Bandit King Fund and Boshi Fund can already lift the ban on subscription, take the opportunity to absorb a batch of safe-haven funds from the market, and continue to grow rapidly.
Thinking about talking to his senior executives about the cancellation of subscription later, while brushing his teeth, washing his face and changing into clean clothes, Fan Wumian also thought about businesses such as the Hong Kong City Bandit King Fund, Paulson Hedge Fund, and WM-Rogers Hedge Fund.
These companies have fewer restrictions and have allocated a large number of short positions in advance. The negative impact of the subprime mortgage crisis that has made others cry and scream is a long-awaited opportunity for them to get rich. They should have made a lot of money today and there is no need for them to worry.
Thinking of the widely accepted name "Bandit Group", Fan Wumian was speechless and finally realized that company naming is very important. It sounds like a den of robbers, but it is unique and memorable, which is not a bad thing.
After getting up, I suppressed my curiosity and didn't check the profit and loss data on the account.
After finishing the cleaning, Fan Wumian first came to the tea room, stood in front of a specially carved glass-type sky blue jade God of Wealth ornament, burned a stick of incense respectfully, and chanted a few words of "God of Wealth bless you", then went to the study, sat in front of the computer to check the latest data.
The mainland never keeps useless gods. Fan Wumian always only prays for the God of Wealth at the last minute, and only remembers to burn incense to the God of Wealth when he needs it, to seek some psychological encouragement.
Mainland stock investors don't like the color green because mainland exchanges and other companies mostly use "green falls and red rises" to display data, while Hong Kong and other international markets prefer to use "green rises and red falls". Even though he has a large amount of glass-type positive green jadeite materials on hand, he still feels that it is not appropriate to use green jadeite to carve the God of Wealth.
He first opened his personal brokerage account and found a long string of green numbers. The number rose by more than 2.3 million US dollars last night, and now it has become "312". Then he checked the back-end data of Hong Kong City Bandit King Fund and WM-Rogers Hedge Fund respectively. The former helped its clients earn 987 million US dollars, and the latter's book profit exceeded 588 million US dollars in a single day.
Even though he had prepared himself mentally in advance, Fan Wumian was still shocked when he saw these exaggerated numbers.
After all, these two companies are mainly private equity funds. When the closed period of private equity financial products ends, he will be able to extract 20% performance commission from the profits.
The performance commission for just one night was more than 1.5 million US dollars. Even though he had not yet pocketed the money, it still made him in a good mood.
He had no memories of his past life as a reference for the countless changes in details, so he could only follow the general trend and explore his own investment layout.
For example, Goldman Sachs suddenly stabbed its Wall Street allies in the back, breaking the tacit understanding between them and preferring to protect itself and seek profit even at the risk of offending Washington. The development trajectory of the whole thing is no longer the same as in the previous life.
The direct cause of the butterfly effect was nothing more than the fact that Fan Wumian caused a lot of trouble on Wall Street, which resulted in the inability to sell subprime mortgage derivatives and attracted countless people to short sell frantically, causing heavy losses to Goldman Sachs' shareholders.
When Goldman Sachs analysts discovered that if the company didn't find a way to save itself, the losses would be large enough to bankrupt it, it made sense to offend Wall Street.
There are many issues involved behind the scenes, including the election of a chief executive next year, conflicts within Wall Street, the influence of the Federal Reserve, global interests, etc. In any case, Goldman Sachs has made sufficient preparations before deciding to stab in the back.
This included the board of directors giving some senior executives cash checks totaling hundreds of millions of dollars, asking them to take a gamble for the long-term interests of the company, and then taking the blame afterwards and resigning collectively from Goldman Sachs.
Fan Wumian has made so much money from his "small operations", and Goldman Sachs may be able to take advantage of the subprime mortgage crisis to make tens of billions of dollars. If the benefits are big enough, they are certainly willing to take the risk.
Even if you are held accountable and sued afterwards and lose a large amount of money in fines, it is much better than watching yourself being coerced by giants such as Citigroup, Lehman Brothers, Merrill Lynch, Bear Stearns, etc. and being buried with them.
Behind Goldman Sachs stands a group of "squids" who are best at seeking profit and avoiding harm and parasitizing on the world's strongest economy. How could they do such a stupid thing as staying on board and trying to save the situation when they know the ship is going to sink?
Fan Wumian was busy reading the news, trying to piece together some information from clues. He was not at all surprised by Goldman Sachs' backstabbing.
Compared with countless businessmen from both sides of the Taiwan Strait and Hong Kong, those profit-seeking guys obviously cannot feel the heavy weight brought by their country, civilization, and history, and lack correct views. This is probably one of the reasons why many foreigners are psychologically fragile and easily traumatized and collapsed.
Another reason may be the increasing proportion of mixed-race people.
The more times Fan Wumian went abroad, the more he found that many foreigners were really not smart enough. Not only were they lazy, but they were also very arrogant. If it weren't for their ancestors who burned, killed, looted, and madly plundered the wealth of countries around the world, how could they have been able to bully so many countries?
My thoughts drifted a little far away.
Fan Wumian also suddenly thought that if he was not afraid of offending the vested interests in the American psychology industry, he could write an original new script from the perspective of a Chinese fortune teller, and perhaps he could make a Hollywood movie with good box office and reputation.
This sudden idea went around in his head for a few times, and he wrote it down in a small notebook so that he wouldn't forget it when he was busy. (End of this chapter)