The richest man starts with a blind box

Chapter 941 Flashing Internet Thinking
"It's not a management fee? What kind of fee is that?" Hao Jianguo was stunned for a moment, and then asked subconsciously.

"Of course it's this one!" Little Swift clicked lightly on this list, and finally landed on a fee called transaction commission.

"Trading commission? What kind of money can this make?" Hao Jianguo was taken aback for a moment. Trading commission is a common fee charged by all funds, and it is also a fee that users must pay when buying funds.

The transaction commission itself is not high, only 3‰ of the total transaction amount, and the transaction commission is not fully earned by the brokerage firm. In fact, a large part of the money is used to pay the stamp duty of the stock market. Management fees, securities transaction fees required by the exchange, and transfer fees in special cases, etc.

This 3‰ transaction commission may only be half or even 1/3 in the hands of the fund company in the end. This has never been a project for the fund company to make money. The real money for the fund company is the management fee and custody fee, which are added together. I can receive a fee of about 2%, which is more than this 3‰.

This has always been a charging item that fund companies do not value. Hao Jianguo did not think that this would be the most profitable item at first.But when Little Swift figured it out, Hao Jianguo thought about it for a moment, and immediately realized that this was indeed the most profitable project in the whole process.

The reason why I thought it was not profitable to charge for this project was because there was only one chance to charge a fee a year, so of course it would not make much money.

But what if users trade frequently?Among other things, assuming that a user only trades once a month, he can receive a transaction commission equivalent to 3% in a year. If it is 1 billion US dollars, then this is a fee of 000 billion US dollars, which is no more than How much lower is it to simply charge a daily management fee.

But does a user really only trade once a month?

This is not necessarily the case. Under normal circumstances, users can’t manage their own fund status. They can only patiently wait for the annual income to be settled, and there is no way to trade.

But if they can really look at the data of the fund every day, can they still hold the fund tightly in their hands?
No, when they see that yesterday's fund income was a loss, they will immediately panic. Many people will choose to sell the funds in their hands today, wanting to stop the loss in time.

And if you see that the fund's income has skyrocketed yesterday, then many people will want to buy the fund back. This is a stupid thing that normal people will do called chasing ups and downs.

In fact, for an ordinary person, it is a very bad thing to give him the right to trade and choose freely, because it will always follow the design of a smart person, step by step, to push away all the hard-earned hard-earned money in his hands.It's not that they are stupid, but that their knowledge is far inferior to those who operate in the dark, so they can only walk into the abyss step by step and lose all their money.

This can be fully witnessed in the stock market. What do those retail investors who stare at the market every day and watch their own stock prices with their mobile phones do? A lot, but every time there is a transaction commission of 3‰, which is given to the fund company for no reason.

And if you think about it carefully, you will find that these transaction commissions are actually costless to the Western Broncos Fund.

As I said before, most of the transaction commissions actually need to be used to pay various handling fees, and fund companies can only earn a small part of it, and some fund companies don’t even make money.

But this is not the case for the West Coast Fund. Swift Jr. said bluntly that the daily transactions of these users do not actually allow the West Coast Fund to actually sell the securities in hand to pay back the money.

Instead, it is paid from the reserves of the Western R&D Fund. These reserves are placed in bank accounts throughout the entire process. There are almost no fees for the in and out of funds, but they are still charged at a transaction commission of 3‰. A transaction commission of 3‰ is pure profit.

That's why Little Swift said that the transaction commission is the biggest source of profit for this plan, and the Western Mustang Fund Company is the ultimate big winner. Relying on simple transaction and management fee taps every year, it is conservatively estimated that it can make money. Take the net profit equivalent to about 10% of the total fund.

And it can also throw all the risks on the customers, and the Western Mustang Fund itself does not have any risk of loss.Judging from your current position in the eyes of stockholders in the West Mustang Fund and Swift Jr.'s title as the God of Black Finance, the stable profits of tens of billions of dollars per year have nothing to do with it!

"It's so fucking shameless!" After thinking about this, Hao Jianguo opened his mouth and couldn't help muttering.

"Have you ever said that to your colleagues? These are the company's profits, your future bonuses!" Little Swift rolled his eyes, and then said, "Now the plan is stuck with the US Securities and Exchange Supervisory Commission. When it comes to approval, they always say that our plan will cause systemic financial risks, and ask us to rectify the plan. This has been changed to the sixth edition. We have added several measures to maintain safety, but none of them passed. The only way is to ask you, a big man, to help!"

"You can't blame the Securities and Exchange Supervision Committee for not approving this. You basically put all the risks on the buyer. It's a ghost that the committee will be willing to approve it!" Hao Jianguo rolled his eyes and said.

"Tch, I think this committee is trying to make things difficult for us, otherwise such nonsense as subprime loans would be able to pass the review, why can't my plan that just changed the transaction method be approved?" Little Swift said angrily.

Hao Jianguo couldn't say it. Indeed, a fool like subprime mortgages can see that the risk is extremely high. Once it collapses, the Securities Regulatory Commission can even pass the approval. How about such a small fund transaction? The model cannot be approved, and it is true that the game cannot be justified.

"Actually, according to my understanding, Wall Street approves more than a dozen financial innovation products like me or subprime loans every year. As long as there are no risks that fools can see, the Securities Regulatory Commission will approve them." After all, the entire Securities Regulatory Commission is actually composed of those Wall Street bigwigs, and it is impossible for them to block their own interests."

"That's our project of the Western Mustang Fund, which parents don't talk about and mothers don't love. It can't be reviewed. That's why I need you to find a way. No matter how much it costs, you must let those who block us let go. "

"After all, the settlement of the third phase will begin next month, and the fourth phase of fund sales will begin. If we miss this time node, then we will have to wait another year!" Little Swift sighed, Then he patted Hao Jianguo's shoulder vigorously and said, "My good brother, now all the hopes are on you alone, you must work hard!"

"I'll try my best, but I can't guarantee it. After all, I don't have many friends on Wall Street!" Hao Jianguo said vaguely, how dare he give any guarantee.He can only report the relevant matters to your old man at Goldman Sachs after leaving the Western Mustang Fund, and then wait for the other party to make a ruling.

"Genius!" After reading the whole plan, the old man was overwhelmed, and even stood up and shouted, "This little Swift is really a super genius, he really deserves the title of God of Finance, such a perfect plan , There are so many people in Goldman Sachs, none of us can think of it!"

The old man was very excited when he said this, and he was even a little ashamed.

You know, what did Goldman Sachs start with?

That is to rely on acting as an agent for others to speculate in stocks, starting with the most primitive form of fund, and later evolved into the huge financial giant that it is today, but even now, agency and sales of funds are still one of Goldman Sachs' biggest profit points, and it is also the core of Goldman Sachs. business.

Goldman Sachs has more than 3 professionals worldwide.

But with so many professionals, no one can come up with such a genius fund management plan in the hands of little Swift, which will naturally make the old man feel sincerely ashamed.

Of course, this is not to say that Goldman Sachs is too stupid, but that Goldman Sachs has always been immersed in traditional projects and lacks Internet thinking, and Swift’s plan would never be completed without the Internet.

After all, frequent transactions like this every day involve a lot of computing work. If they rely entirely on Goldman Sachs' offline staff, then Goldman Sachs will not have to hire 10 people to take care of these transactions, and at the same time give the 10 People provide a dedicated office space facing the street, which is enough to completely drown all the profits of the transaction.

So without the Internet, this kind of thing would not be possible.

But with the Internet, everything is different. Everything can be done automatically by Internet programs. You only need to send a dozen programmers to stare at the background to support the entire business. This is how this plan was implemented. rationality.

Goldman Sachs is still a traditional financial company at present, and has no Internet thinking in its head. Naturally, it is impossible to take the lead in tossing out such a set of Internet financial solutions that are already rare in the market outlook.

"Sir! Do you want to help Huang He with this?" After the old man finished admiring, Hao Jianguo asked in a low voice.

"Of course this is impossible. How can I make Huang He earn billions of dollars in net profit steadily every year!" The old man said as a matter of course, but after a few seconds, his expression changed a bit.

This seems...to be irresistible.

(End of this chapter)