The youngest son of the chaebol family, Hu Mou Xianmin

Chapter 673 Three years later

In the following three years, Chen Daojun, Goldman Sachs Group, Xingguang Investment Company (led by Hong Zhiqing), and Xingchen Investment Company (led by Le Yan) aggressively operated in beautiful countries and European stock markets, and gained a lot!

Of course, Chen Daojun has made the most money in the past three years from Pingguo Company and Google Company!
At the end of 2005, the Pingguo mobile phone, which Jobs had carefully developed and prepared for many years, was officially launched.At the mobile phone launch conference, when Jobs grandly introduced this mobile phone to the media reporters and guests who came to attend, everyone was shocked!

Before this, they had never thought that the mobile phone screen could be so exaggerated!The entire mobile phone uses 3.5-inch touch screen technology and multi-touch, replacing the traditional physical keyboard, and is equipped with a 2G network and a 200-megapixel camera. The interactive design of the mobile phone is more user-friendly and the operation is simpler!
As the news media rushed to report, Pingguo Company became an instant hit with this new smartphone!The stock price continues to rise.As the major shareholder of Pingguo Company, Chen Daojun's net worth skyrocketed to tens of billions of dollars overnight!

With the mass production of Apple mobile phones and sales far exceeding expectations, manufacturers such as Motorola and Nokia, the giants in the mobile phone industry, are somewhat unable to hold on. After all, they could make money just lying down in the past. They would slightly change the configuration every year. You can easily make a lot of money by changing your appearance.

Fortunately, Pingguo Company, a guy who came out of nowhere, has completely disrupted the mobile phone market. Their mobile phone market share in beautiful countries and Europe has continued to decline, making them miserable!

What's even more terrible is that in the middle of 2006, Google suddenly released a piece of exciting news!They also developed a smartphone operating system.Unlike the "stingy" Pingguo Company, the Android operating system developed by Google allows major manufacturers to use it, and only needs to pay a certain patent fee!
While many companies were still confused by the sudden news, Shunyang Group, which had been informed by Chen Daojun in advance, responded very quickly. After paying a large sum of patent fees, it quickly began to produce its own smartphones. .

After borrowing the parameters and components of Apple mobile phones, in just half a year, a smartphone equipped with Android system was released.Although there is still a big gap in performance between Apple phones equipped with Apple's IOS system, for those traditional button phones on the market, it is simply a one-sided massacre!

Smartphones produced by Shunyang Group soon sold well throughout Asia, and Shunyang Electronics, which led this business, expanded its scale and changed its name to Shunyang Semiconductor, and subsequently specialized in R&D and product mass production in the semiconductor field.

------Dividing line------

Wall Street, Goldman Sachs.

Chen Daojun, Wu Shixian, Rachel and others were sitting in the conference room negotiating with senior executives of Goldman Sachs Group.

James Sr. had successfully retired at the beginning of 2005, and his successor was Paul Wolfe, who can be regarded as half of James's students.

George, a veteran senior manager, has also relied on many "merits" in the past few years to become one of the vice presidents of Goldman Sachs Group; Eric has also become a big player in the industry by virtue of his trading skills over the years. coffee.

"...Paul, I suggest that the company shares we hold can be cashed out one after another to withdraw funds! The previous funds that were open for subscription can also contact those major customers and prepare to redeem them."

Chen Daojun's sudden words caught everyone present off guard. "Chen, you are so good, why do you suddenly do this?" Paul looked confused. The market is just right now, why is he suddenly going to "back out"?

In the past few years, he has continued the Buddhist policies of his teacher James. Following Chen Daojun, a gold medal investor, he has made a lot of money. The funds managed by Goldman Sachs Group have gradually exceeded the scale of 8000 billion US dollars.

……

"Just last month (late April 2007), the bankruptcy of New Century Financial Corporation, the second largest subprime mortgage lender, exposed the risks of subprime mortgage bonds. This is not a good sign! If I guess That's right, in a month or two at the latest, the Federal Reserve will probably notice the anomaly and may respond." Chen Daojun frowned and said seriously.

In the early 2000s, the decline in interest rates in the United States' real estate industry led to rising housing prices, and people's demand for houses also gradually increased.Banks decided to open up subprime loans and sell the bonds of the loans to investment banks. The investment banks also resold the bonds to investors, split the recovered loans into smaller portions, and maximized risk avoidance...

This series of sweeping operations has caused housing prices in beautiful countries to continue to rise.However, as time goes by, fewer and fewer people can afford to buy a house, and the Federal Reserve begins to adjust interest rates, and house prices begin to decline.

……

Chen Daojun's words shocked everyone present.Especially those at Goldman Sachs Group, they have a deep understanding of housing prices that have more than doubled.They might not have thought it at first, but now that Chen Daojun said it, it might actually be a big hidden danger!
"...Chen, how long do you think this hidden danger will take before it completely breaks out?" Paul pondered for a while and then asked.

"If it's fast, half a year, if it's slow, it's about a year. Once it breaks out, it will inevitably sweep through all the financial institutions in the beautiful country, and it will be extremely difficult to escape!" Chen Daojun's tone was a little solemn. It can be said that the real estate bonds of the beautiful country have been sold all over the world, and many financial institutions They all regard this thing as an investment and financial management product.

As everyone knows, this kind of real estate bonds are far more unstable than other investment and financial management products.The American government's inappropriate real estate and financial policies paved the way for the crisis.Secondly, the abuse of financial derivatives has lengthened the financial transaction chain and encouraged speculation.In addition, there are also many problems with the country's monetary policy.

Hearing what Chen Daojun said, everyone became a little nervous. After all, Chen Daojun's predictions have not been wrong after so many years.Now that they have known the future development trend "in advance", they have to find ways to deal with it in advance and avoid risks!
"...Chen, do we need to use the cashed-out funds to gradually purchase gold, a fixed asset with a very high value retention rate?" George on the side asked. In his opinion, if a huge disaster really happens, During the financial crisis, investing in safe-haven assets like gold is a good choice!

"...Perhaps we can take the opportunity to go short like the Asian financial crisis in 97~!" Eric, a trader by trade, suggested excitedly.

(End of this chapter)