The richest man starts with a blind box

Chapter 253 Finally Returning to China 【Addition】

"I can finally go back to China!" Sitting on the plane back to China, Leng Zhiruo said with emotion.

They originally planned to stay in the United States for only two weeks, and they would return to China in mid-October, but they dragged on for another two weeks, and now it is November 10th, but Boss Huang and his party should be considered a smooth return Yes, and it has been rewarding.

"Unfortunately, the money was not spent!" Boss Huang's only regret is that the 10 billion US dollars was not used up. The total cost was only about 5 million US dollars. As far as the special effects cost of the brigade is concerned, there may be more than [-] million U.S. dollars left.

In fact, leaving all the money in the West Mustang Company, it is not bad to invest in Apple's stock. Huang He remembers that Apple's stock will usher in a surge in 03.

The price rose from $16 per share to around $86 per share, but unfortunately, the funds from the loan cannot be used for stock market investment, otherwise Huang He would just throw in the remaining several hundred million yuan and buy Apple's stock. up.

Forget it, anyway, Apple also likes to throw tens of billions of dollars in the account, and throwing more than five billion dollars in its own account should not be a big problem.

However, although Huang He couldn't invest these hundreds of millions of dollars, he remembered that when he left the United States, the fund of the Western Mustang Investment Company had already sold more than 3 million dollars. Special reputation, gained black support to buy funds.

Before leaving, Huang He not only told Swift the secret of only investing in Apple, but also asked Swift to adjust the operating rules of the fund and introduce floating management fees.

Under normal circumstances, a fund generally charges an annual management fee of 1.5% of the funds in a year, and then the annual management fee will be charged on a daily basis. In addition, buying and selling a fund requires a transaction As for the fee, this is a fixed fee, there is nothing to say, the key lies in the management fee.

Under the setting of Huang He, the management fee collection rules of Western Mustang Company have changed from a stable 1.5% to an annualized rate of return of less than 5% without any management fees.

That is to say, if you buy a fund of 1 yuan, if you do not earn 2 yuan in the second year, then you will not be charged any management fees.

If the annualized rate of return is between 5% and 15%, a management fee of 0.5% of the total amount will be charged.

If the annualized rate of return is between 15% and 30%, a management fee of 1.5% of the total amount will be charged.

If the annualized rate of return is between 30% and 100%, a 30% management fee will be charged for profits exceeding 12%.

If the annualized rate of return is between 100% and 200%, a 100% management fee will be charged for profits exceeding 25%.

In that year, after the rate of return exceeded 200%, 200% of the management fee was charged for the profit exceeding 50%.

This kind of floating management fee system is not new. Many funds have the same system. However, when this system of Little Swift appeared, it still shocked many people, because this little Swift is really too arrogant. .

You must know that even when the stock market is at its peak, the annualized rate of return of most funds will not exceed 30% at most. Under normal circumstances, the annualized rate of return of funds is actually around 5%.

But in reality, most funds lose money every year.

To put it bluntly, at this time, 60% of the funds in the United States have a yield of less than 5%. Now Little Swift has announced that no management fee will be charged if it is less than 5%, which means that Little Swift Te is confident that he can earn an annualized rate of return of more than 5% every year, otherwise the Western Broncos will not earn a penny.

As I said before, the annualized rate of return of most funds will not exceed 30%, and even if the annualized rate of return reaches 30%, Western Mustang Company will charge a normal 1.5% management fee, but it can reach this 30% In terms of annualized rate of return, in 2001, there were only about 100 companies in the world.

Take the most well-known Soros Quantum Fund as an example, the average annual rate of return is only 30%, but other funds charge a management fee of up to 5%, and the total amount is charged regardless of whether they lose money or not. 5% as the management fee, which is three times the management fee of most funds.

But even so, these funds are still sought after by countless people. They wave their banknotes to snap up funds that are limited to release. The reason why they accept huge management fees is to get them in the name of Soros. The 30% rate of return is a real fact. Even if you pay a 5% management fee, you can earn more money than other funds.

Therefore, this fund of Swift Jr. is very cheap. It has the cheapest management fee among all funds. If it is an average fund, it will still lose a lot of operating expenses in a year.

For example, the 20-person Ivy League team needs to pay about 200 million US dollars in salary in one year.Don’t look at the fact that the fund already has as much as 3 million US dollars, but if it doesn’t earn 5% in a year, then the company won’t earn a penny in management fees, and it will lose at least 200 million US dollars salary, and various miscellaneous expenses, such as stock transaction costs, etc., there will definitely be a loss of about 500 million a year.

Even if the annualized rate of return is 15%, it will lose money, because there is only a total management fee of 0.5%, and 3 million US dollars is 150 million management fees.

Only after the annualized rate of return exceeds 15%, the management fee is charged at the normal rate of 1.5%, so that it is possible to maintain a basic balance of payments.

So in terms of purchase cost alone, the purchase cost of Little Swift is definitely the lowest.

Of course, if the annualized rate of return of this fund can exceed 30%, then the management fee will start to become high, and the management fee of 12% is already very high.

The 100% management fee of more than 25% is outrageous
As for the part that exceeds 200%, half of it will be taken away in one breath, which is even more exaggerated.

But no one cares about this. After all, the normal annualized rate of return of the fund is only about 5%. If it exceeds 30%, it is considered lucky. If it exceeds 100%, it will be the second Buffett.

If you can really exceed 100%, I will give half of it to you, I am also willing, after all, the other half is equivalent to picking it up for nothing.

So in the end, when Swift Jr. launched this new floating management fee system, all those who bought the fund almost immediately agreed to change the fund's charging rules, and then a large amount of funds poured in.

As a result, one month later, the investment scale of the Western Mustang Fund reached the upper limit of 5 million U.S. dollars. This is the size of the Western Mustang Fund's fund allowed by law. Continue to increase the level of capital scale.

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After flying in the air for more than 20 hours, it finally indicated that it had reached the sky above Shanghai, and it was about to land in a few minutes.

At this time, Huang He suddenly felt that someone beside him patted his shoulder, and turned his head to look over. It was a young Caucasian man about 20 years old.

It is reasonable to say that Huang He should take the first class, but the first class is already full, and even the business class is gone, so our majestic Boss Huang, who is worth hundreds of millions of dollars, can only squeeze in the economy with a few staff members. inside the cabin.

The seats were not even close together, only two of the four seats were joined together, allowing Boss Huang and Leng Zhiruo to sit together, and the remaining two seats were scattered in two corners of the plane.

So besides a neighbor like Leng Zhiruo, Huang He also had a neighbor sitting beside him, the young man who patted him on the shoulder.

"Hello, are you from Shanghai?" the young man asked.

"No!" Huang He shook his head and said.

"Oh!" The young man's expression was a little disappointed.

"What's the matter with you?" Huang He asked with a smile.

"This is my first time in China, and I want to find a store in China, but I don't have any friends in China, so I thought if you are from Shanghai, maybe you can help me and take me to find this store!" The young man said.

"From what you mean, you came to China specifically for shopping?" Huang He asked in surprise.

"That's right!" The young man nodded vigorously and said, "I came to China just to buy the things in this store. I originally wanted to find the address on the map by myself, but I found that I overestimated what I saw. The ability of the map also overestimated my ability to distinguish Chinese characters, and I found that all the Chinese characters I was looking for were on this map!"

"Oh, can you show me the address?" Huang He smiled.

"Okay!" The young man couldn't wait to hand over a piece of paper with the address written on it to Huang He. Huang He took a look and couldn't help laughing.

Because the Chinese characters are not written, but drawn, and each character is bigger than one, and the lines are not written with one stroke of the Chinese characters, but drawn.

"I'm sorry, I drew this by looking at the Chinese characters on the computer, but you should be able to recognize them!" said the young man.

"Of course, Shanghai Road!" Huang He smiled and said, "No wonder you said that these Chinese characters are everywhere on the map. In China, there are more than 5000 Shanghai Roads, and there is only one Shanghai Road in Shanghai. There are so many kinds of buildings, it’s normal for you to not find them!”

Huang He smiled and read the entire address, and then his face became a little weird.

"Is your address correct?" Huang He asked.

"That's right, there is absolutely nothing wrong, I compared it more than 10 times, and I can guarantee that none of the characters are drawn wrong!" the young man said.

"Then what did you buy from this store?" Huang He asked again.

"Of course it is to buy the most fashionable things that can make money at the same time, don't you know..." The young man seemed to think of something in the middle of the sentence, then made a stop gesture and said to Huang He, "Sorry sir, this is my exclusive I can't tell you what I want to buy, but it will definitely make me some money!"

"Okay!" Huang He nodded, "Well, let me teach you the easiest way. After you get off the plane, give this note to the taxi driver, and he will take you to this shop. The only The trouble is that this shop is on a pedestrian street, and cars are not allowed to pass by, so after the taxi driver drops you off, you can take this note and ask some passers-by, and they will tell you where the shop is. "

"Actually, the shape of this shop is very unique. I think you can see this kind of building at a glance even if you don't ask passers-by!"

(End of this chapter)