The afternoon trading was quite dull. There was no sign of increased volume on Yinzhijie's daily limit. It looked like it would steadily gain a daily limit today; Tonghuashun still maintained a trend of slight fluctuations.
Seeing this, Gu Junhao didn't plan to look any further, and started selecting corresponding targets for his first fund in the afternoon. Although private equity funds are not as strictly managed as public funds, there are not so many restrictions on positions, and one can even buy only one stock.
The biggest advantage of private equity funds over public equity funds is flexibility, which allows positions to be reduced quickly to minimize drawdowns. The disadvantage is that once the market reverses, it may be too late to add positions. As for specific positions, relevant information can be found on the China Securities Investment Fund Association.
If the 30 million yuan of funds were placed in the future when the trading volume is large, Gu Junhao would really like to go all in on a stock. However, he does not plan to do so now. Although there are no specific restrictions, he cannot go too far. If there is an opportunity in the future, he would like to expand the company's scale and enter the public offering industry.
The operation method cannot be too aggressive, so it is necessary to select more targets. In addition to the current Dongfang Wealth, Gu Junhao also plans to add Yin Zhijie to the fund's holdings.
Before the opening of Company No. 6, Gu Junhao decided to find an opportunity to sell the Yin Zhijie in his personal account and bet on only one Tong Huashun. After selling it, he would look for an opportunity to buy it back in the fund account. This way, he would not be accused of carrying a sedan chair, right? As for taking over the shares, that was even more out of the question since they were not bought and sold on the same day.
Two is still a little too few. For this round of fund holdings, Gu Junhao does not plan to choose targets on the main board. He plans to buy all small and medium-sized growth targets starting with 002 and 300, so as to take advantage of this round of bull market of growth stocks. Let's name it Junshi Growth Mixed.
"I already have two, and three more should be about right." It is reasonable to hold 5 stocks with 30 million. There is no need to limit the purchase of each target to only 10% of the total funds.
Gu Junhao spent the entire afternoon searching for small and medium-sized start-up targets, until Zhang Yira came to work and woke him up from his search, curious about why Gu Junhao returned to the office after more than a year.
"I thought Mr. Gu was very busy at work. Aren't you just changing the place to check stocks?" Zhang Yiru said speechlessly.
"That was because I was busy and you didn't see it. The saying "you only see the thief eating meat, but not the thief being beaten" is used to describe your mentality." Gu Junhao rubbed his eyes and said. He had been looking through various trends and research reports for the entire afternoon. His work intensity was not small at all.
However, not many good targets were selected. In order for the first fund to get off to a good start, Gu Junhao attached great importance to the selection of targets.
Today, apart from Wanamine Technology, my first pot of gold in my previous life, I did not select any targets. Another stock I am interested in is Tianqi Lithium Industry. There is no problem with its fundamentals, but the trend is at a high level, so it does not seem suitable for building a position at the moment.
After Wanamine Technology's 10-for-7 stock split and dividend on the 13th of this month, its current share price is 10.92 yuan. However, the trend is weak and there is a possibility of a second bottom. After its own fund goes online next month, it should be time to build a position.
This stock was his first pot of gold in his previous life. Gu Junhao was quite familiar with it. The reason why he did not choose to buy it before was because its current trend was not strong and it would take until the second half of 2014 for it to take any action.
In his previous life, Gu Junhao entered the stock market in the second half of 2014. At that time, he was still a fresh investor and did not make much money in the first bull market. Fortunately, he was lucky enough to escape successfully during the stock market crash in May and kept his profits.
It was also during that stock market crash that Gu Junhao witnessed firsthand the cruelty of the capital market. Countless people went from being middle class to bankrupt, and all kinds of news appeared in society, which are things that cannot be experienced from books.
The successful escape from the stock market crash by luck also made Gu Junhao reflect on whether he would be so lucky every time and whether he would become one of those people in the news. If he really wanted to survive in this market, what should he do?
After this reflection, Gu Junhao kept his positions empty for a while, watching the market sink bit by bit and countless investors getting deeply trapped in it. He originally planned to withdraw from the stock market, but ultimately he could not escape the magic of the stock market.
In my previous life, I was a finance major, and I gained a lot from observing and thinking while holding an empty position for a period of time. Before the National Day, I observed that retail investors in the market could not stand this trend and planned to liquidate their positions, so I held an empty position after the holiday.
Gu Junhao thought that the opportunity had come at that time, and it was at that time that he got acquainted with Wanamine Technology. Before the National Day, Gu Junhao still went all in on Wanamine Technology. He sold it at double the price after the first round of gains, which greatly boosted Gu Junhao's confidence.
After the margin call period, Wanamine Technology resumed its previous position, and Gu Junhao did it again, with the same doubling of prices. The two doubling of prices on Wanamine Technology also made Gu Junhao earn his first pot of gold and achieved his subsequent career as a successful individual investor.
"You don't have to work so hard. Everything is going well now. Give yourself some relaxation." Looking at Gu Junhao lying on the office chair, looking mentally exhausted, Zhang Yiru came over and rubbed his head.
"Oh, it's okay, just take a rest." Zhang Yiru pulled Gu Junhao back from his thoughts.
"We have to go back and rest if we want to. I just came in and saw that your employees outside are still working. It's already past the end of the get off work day."
"Ah? Why didn't you leave?" Gu Junhao looked at the time. It was almost six o'clock and it was long past the working hours.
"Let's go, let's go back. We won't cook today, let's eat out." Gu Junhao said to Zhang Yiru after packing up.
After walking out of the office, Gu Junhao couldn't help laughing when he saw that the employees had not left yet. It seemed that it was his first day at work as the boss and they did not leave after work. The employees did not dare or were embarrassed to leave early, except Xu Jianqing.
"You all can go off work too. From now on, as long as it does not delay your work, you can go off work normally. If you want to work overtime, please ask your supervisor and don't worry about me." Gu Junhao said to the employees.
"Okay, goodbye, Mr. Gu." Some employees breathed a sigh of relief. It seemed that this young boss was easier to deal with. Xu Jianqing ran away without even saying a word.
"Well, be careful on the road."
After the two had a simple dinner outside, they returned home. Gu Junhao also briefly reviewed the market. He had been busy looking for targets in the afternoon and had no time to review the market.
The overall market performed generally today, closing with a false negative cross star line, while the ChiNext performed relatively well, rising by 1.91%, successfully achieving five consecutive positive days. The turnover of the Shanghai Stock Exchange fell below 60 billion yuan again today, but the decline was not large, with a turnover of 59.84 billion yuan, while the turnover of the ChiNext continued to expand, reaching 27.35 billion yuan.
Of its two holdings, Tonghuashun surged 4 cents to close at 13.67 yuan, up 0.29%. The turnover and transaction volume remained stable. Yinzhijie performed well today, with the trading volume shrinking by nearly 100 million yuan compared with the previous trading day and the turnover also dropped by half.
With an amplitude of 14.08%, the increase reached 10.01%, but it is very strange that it did not make it to the Dragon and Tiger list today; it stands to reason that with this amplitude and increase, it would have the chance to be on the Dragon and Tiger list anyway, this stock is really strange.
Although there was a daily limit today, due to the small position, it was only a small profit of 500,000, which is not as good as the previous trading day. However, it is better to make a profit than to lose money, and Gu Junhao is very satisfied with this.
Nothing happened that night. Gu Junhao and Zhang Yiru went to work together for the second time. They first sent Zhang Yiru to the bank, and then Gu Junhao drove to the financial building. The two places were not far apart, but in opposite directions; each place took more than 10 minutes' drive.
"The company will open on the sixth of next month. Can I invite some of my friends to attend the ceremony?" In the car, Zhang Yiru asked Gu Junhao while eating breakfast.
"Of course you can. You are also an investor, and the future boss's wife." After thinking for a while, Gu Junhao said, "I will go to the company and ask someone to make some formal invitation letters. You can give one to your boss when the time comes. It's up to him whether he comes or not."
The custodian bank of Junshi Capital's first private equity fund was set at the bank where Zhang Yiru worked. As the saying goes, good things should be kept in the family. With this performance, she was successfully converted to a full-time employee ahead of schedule.
"Can I send it?"
"What's wrong with that? You're here."
"Okay, see you tonight, give me a kiss before you leave." Gu Junhao said with a smile.
"Go away. It will be so embarrassing if my colleagues see us." Although she said that, Zhang Yiru still quickly kissed Gu Junhao on the cheek and got out of the car with a red face.
When I arrived at the company, it was already nine o'clock; as soon as I sat down in the office, Shen Boyu came over.
"Mr. Gu, all the company staff are here now. Here is the employee information. Please take a look."
"Okay, thank you for your hard work, Mr. Shen. I'll take a look." Gu Junhao glanced at the information and said to Shen Boyu, "The company is scheduled to open on June 6. Mr. Shen will have to work harder to lead the administration to make arrangements and prepare some invitation letters to distribute to investors."
Shen Boyu’s work efficiency is indeed high. He completed the basic framework of Junshi Capital in such a short time. The money was well spent.
"June 6th? It's a good date, and there's plenty of time. I'll go get ready then."
"Okay." After Shen Boyu left, Gu Junhao began to look at the information.
There are four people in the Fund Business Department, myself, Xu Jianqing and two other traders; there is one person in the Finance Department, Guo Yuanwei, and two people in the Human Resources Department, Shen Boyu and one of his subordinates; the Finance Department also needs a cashier, but this matter can be left to Guo Yuanwei.
There are 5 people in the administrative department, including the executive director Liu Yuhua and his assistant, a receptionist, and Gu Junhao's assistant Li Xinyu; there is also a cleaning lady who is also under the management of the administrative department.
The Administration Department is also the department with the largest number of female employees in Junshi Capital. Except for Liu Yuhua's assistant, all other employees are female. It was Gu Junhao who suggested assigning a male assistant to Liu Yuhua, as there must be someone to carry water in a department.
However, at present, Junshi Capital still has more men than women. There is one female trader, and there are only five people in the administrative department. It seems that they need to hire a female cashier to balance the gender ratio.
There is one person in the market intelligence department, Xu Yan; one person in the technical department, Zhou Ao; and there is also an external legal advisor, Zhuo Yifan.