Chapter 202: Personal Wealth Exceeds 50 Million
Shaking his head, Gu Junhao felt that he could not dwell on this issue any longer, fearing that he would not be able to control himself if he thought about it too much; Xu Jianqing's proposal to compete with the main capital was very tempting.
However, the current amount of funds does not allow me to do so. Using more than 10 million yuan of funds to compete with the main funds is tantamount to playing with fire.
Looking at Xu Jianqing, Gu Junhao couldn't help but smile; it's true that Xu Jianqing is a sunny and straightforward person, but in terms of his operating methods, he seems to have some evil spirit, and he always says some misleading words.
After the after-market meeting, Gu Junhao asked the three of them to summarize the specific figures of the fund this month, as it was time for the month-end settlement; while Gu Junhao himself lay on the sofa to rest for a while.
The relaxed spirit made people look particularly tired; in just a short while, Gu Junhao fell asleep unknowingly; when Xu Jianqing woke him up, half an hour had passed.
"They actually fell asleep. The net value of the fund has been announced, right?" I looked at the time, it was exactly half past five. I guess these three people were afraid that I would oversleep and miss the time to get off work.
"Well, it's all been announced. Take a look, Boss." Xu Jianqing handed over a form and said, which showed the specific market value of the four holdings and the total size of the fund at the end of this period.
Taking the form from Xu Jianqing, Gu Junhao also said to the three people: "It's time to get off work, you can go back first."
"Okay; then, boss, we'll leave first." Today is the weekend, and the three of them didn't want to stay any longer since there was nothing to do. After getting Gu Junhao's permission, the three of them left the trading room.
After the three people left, Gu Junhao quickly browsed the numbers on the form. Junshi No. 1's current position is fully invested, and there are very few cash assets left.
Dongfang Wealth 13,400 shares, Xibu Securities 12,800 shares, Yinzhijie 9,900 shares, Wan'an Technology 9,600 shares, cash: 350,800 yuan.
With a hand full of stocks, he is going all in; it must be said that Gu Junhao's operation method is still very bold.
The total scale of Junshi No. 1 is 62.87 million yuan, and the net value of the fund is 1.5718; the profit scale has reached 57.18% since its operation.
"Not bad. Despite the big drop this week, we can still maintain a growth rate of more than 3 points. It's good." Looking at the form in his hand, Gu Junhao nodded with satisfaction.
Three natural months have passed since its launch and Junshi No. 1 has not experienced any monthly drawdown. Gu Junhao and fund clients are very satisfied with the current profits.
With a satisfied mood, Gu Junhao left the trading room.
August 2014 was a fruitful month for Gu Junhao. The net value of the company's funds exceeded 1.5, and his personal cash and stock assets exceeded 40 million yuan.
He also had his first industrial investment in his life. For Gu Junhao, industrial investment was the first time in his life, whether before or after his rebirth.
By the way, Tonghuashun has doubled its share price since its low this month, with a monthly increase of 26.81%, making it the stock with the largest increase among the five stocks.
This is also the fourth stock whose share price has doubled since Gu Junhao's rebirth. Coincidentally, they are all held in his personal account.
You should know that Gu Junhao's original plan was to hold Dongfang Wealth in his personal account, but later he reluctantly sold Dongfang Wealth for the profit of the company's fund.
Unexpectedly, Tong Huashun doubled his wealth before Dong Fang. This can be considered a missed opportunity.
Cash, stocks, investments, real estate, etc., have exceeded 50 million yuan, and this does not include the company's assets. Thinking of this, Gu Junhao's steps became much lighter.
It took about 22 months from a net worth of 50,000 yuan at the beginning of his rebirth to a net worth of over 50 million yuan today. This speed is definitely not slow.
The original accumulation of funds is the most difficult. From ten thousand yuan to one hundred thousand yuan is one process, from one hundred thousand to one million yuan is another process, and from one million to ten million yuan is another process.
The three processes are more difficult than each other. As for the increase from tens of millions to hundreds of millions, it is not as difficult as the previous ones. The speed at which money makes money is much faster than the hard work you put in to earn money.
"My cell phone is still in the office." Gu Junhao walked out of the trading room and headed straight for the company gate, ready to go home. He only remembered this when he was almost at the gate.
Although it was past the end of get off work time, Gu Junhao saw that there were still many employees at their workstations. Seeing this, Gu Junhao smiled, perhaps because he felt that he had not yet gotten off work.
"It's the weekend, if there's nothing else to do, everyone should go home early."
"Congratulations, boss. Keep dominating the list!" Li Xinyu said to Gu Junhao as soon as he entered the office.
"Why haven't you gotten off work yet? Go home early. I'll grab the phone and leave." Gu Junhao responded with a smile.
"Waiting for you, boss. I thought you would come back to get your phone, but it took a while for Tingting and the others to leave before you came out."
"Oh, so, let's go. Have a nice weekend!" Gu Junhao took his phone and responded as he walked towards the office door.
"Ah? That's it, boss. You don't even have any comment on my congratulations?"
"You're doing a great job of flattering me, keep it up!"
"What? I was talking about the fund rankings." Li Xinyu said angrily, but Gu Junhao had ignored her.
The first place ranking was already unshakable, and there was no need for Gu Junhao to say anything more in front of his own people. Being modest would seem too fake, but there was no need to brag either.
…
Some people have already gone home after get off work, while others are still studying the net asset value curve rate of Junshi Changcheng Mixed No. 1 Fund, which ranks first on the private equity fund rankings.
"Manager Gu's position is quite high. Look here. Yesterday, it retreated by almost 2%. "Since losing the top spot on July 18, Gu Junhao has always been the kid in Wang Chao's mouth.
However, after dominating the charts for six consecutive weeks, Wang Chao had to acknowledge Gu Junhao's strength; now, he also followed his brother-in-law Shi Xin and started calling him Manager Gu.
"Indeed, a retracement of around 2% is still relatively large. It seems that Junshi No. 1's position is very heavy. However, even with such a position , the profit can still increase steadily this week. Manager Gu is really strong." Shi Xin also sighed.
"Well, this week's pullback should be affected by Dongfang Wealth; but it can also be seen from here that Junshi No. 1 is not a stock that we will go all-in on."
Judging from Wang Chao’s analysis, Gu Junhao seems to have changed his style, but it is quite normal when you think about it. The initial scale of Junshi No. 1 was 40 million.
If you hold a full position in Dongfang Wealth, then this month's return should be higher than the value updated in this period of Junshi No. 1, and this is the case with the pullback on Thursday.
If I had reduced my positions by T, there would not have been a 2% retracement rate on Thursday. However, if I had not reduced my positions, the retracement rate on Thursday would have been much lower than 2%.
As for the fact that Junshi No. 1 holds a large amount of Dongfang Fortune, this has almost become a consensus in the private equity industry. A qualified fund manager will definitely own Dongfang Fortune while holding a large position in Tonghuashun.
However, even if we know this, we can do nothing about it. Among the shareholders of Dongfang Wealth, there are a large number of public funds, and these funds cannot be blocked by small private equity funds.
While feeling helpless, a number of private equity fund managers, including Wang Chao, were also very envious of Junshi No. 1's ability to own Dongfang Wealth in a low-cost region.
"That's not necessarily true. What if Manager Gu only reduced his position by half?" Shi Xin disagreed with his brother-in-law's opinion.
Wang Hao shook his head and said, "It's unlikely. If Gu Junhao himself is trading Dongfang Wealth's stocks with such high trading volume, he will definitely reduce his holdings to zero."
After a pause, Wang Hao continued, "Of course, I don't rule out your opinion; but in my opinion, this young manager Gu has changed his previous style and no longer only holds a full position in one stock."
"Tsk tsk tsk, according to what you said, brother-in-law, then this young manager Gu is even more amazing. He can maintain a stable income while switching styles."
It was already after get off work and there was no one else in Wang Chao's office, so Shi Xin did not address Wang Chao as "manager" in a formal manner as he did during working hours.
"That's true. Changing styles is like a company's transformation. He was able to change styles while maintaining a super high level of returns, and the drawdown was only intraday. It's rare."
"What if Manager Gu has been building positions in multiple stocks at the same time from the very beginning?" Shi Xin suddenly said after hearing his brother-in-law's analysis.
Shi Xin's words also made Wang Chao stunned. After thinking for a while, he said: "If that's the case, it would be terrible; each stock will rise in turn, so that both the rate of return and the rate of retracement can be controlled."
Shi Xin was also stunned by his brother-in-law's analysis. He didn't know how to respond for a while, and the office fell into silence for a short time.
"Isn't there a peer exchange meeting in the Jiangsu, Zhejiang and Shanghai regions next month? I wonder if Manager Gu will attend?" After a while, Shi Xin suddenly said.
"It's hard to say. This guy doesn't seem to like communicating with others. A few days ago, I heard from my colleagues in Yongcheng that they tried to meet him several times but failed."
This exchange meeting was held in the Shanghai Stock Exchange. According to colleagues in Ningbo, the whereabouts of Gu Junhao's startup company were previously unknown, but since , its activities have been in Beicang and the surrounding areas of Ningbo.
For the past few months, Gu Junhao has been going to and from get off work on time most of the time. After arriving at the company, he either spends the whole day in the trading room or in his general manager's office.
Even employees from other departments of the company find it difficult to see him; if such a reclusive young man does not want to communicate with his peers, it is really difficult for you to see him.
"Whether he comes or not, remember to send him an invitation letter. It's enough to show our sincere gratitude." Henghua Fund is one of the organizers of this event and can issue invitation letters in the name of an exchange meeting.
"Well, okay. I also want to communicate with this young manager Gu and hear some of his insights." Shi Xin nodded.
"Okay, stop studying others. Come home with me. Your sister has asked me to take you to dinner several times. Come with me today to stop her nagging."
"Well, okay, she's going to urge me to get married again." Seeing her brother-in-law like this, it seems that she can't escape today. Originally, Shi Xin thought that it was the weekend, just right for her to relax.
My sister is too strict. Not only does she control her brother-in-law, she also has to control herself. Is this probably the professional habit of a teacher?
…
"Have you bought everything?"
At the dinner table, Gu Junhao said to Zhang Yiru: After arriving home from the company, Zhang Yiru was already preparing dinner, so Gu Junhao also washed his hands and helped.
After a while, the couple had prepared their simple dinner. Since it was still summer and they didn't have to go to work the next day, they each opened a can of ice-cold beer.
When the weather turns cold, it will be difficult to drink it this way.
"I bought everything, including gifts for my parents, Aunt Huang and the children." Zhang Yiru replied.
The two haven't been back to Jiangbei for a long time. It's rare that both of them have nothing to do this week, so they take this opportunity to go to Jiangbei to visit Zhang Yiru's parents and the children in the welfare home.
Originally, Gu Junhao, who had just come into this world, was somewhat resistant to the birth of his previous incarnation. However, after visiting the orphanage several times, Gu Junhao gradually established feelings with the children.
The world of children is warm, and it also provides a lot of psychological comfort to Gu Junhao, a soul that has just arrived in a foreign land.
A reborn time traveler will not live a peaceful life as written in novels. As for Gu Junhao himself, he felt more confused and absurd at the time.
To be honest, the feeling of eagerness to return home at the beginning of a time-travel drama starring that mediocre Gu is the most suitable for me.
"Actually, there's no need to go there specially this week. We'll be moving in half a month anyway, and my parents will be here then." Zhang Yiru looked at Gu Junhao and said.
Zhang Yiru was grateful to Gu Junhao for turning down the invitation to a peer exchange meeting on her behalf, but she also felt a little embarrassed; although she could go back alone, it was not as good as going back with two people.
I learned about Xiao Gu's decision to turn down a peer exchange meeting by accident, and he has never mentioned it before.
"It's not an important matter. Besides, I promised you first, and we should follow the order of first come first served in everything." Gu Junhao said indifferently.
On the last weekend of August, when Gu Junhao accompanied his girlfriend home to visit his parents, the news that had been hot for several days also exploded this weekend.
First of all, there are the new stock funds that were frozen this week. Some media have already claimed that this batch of funds will be unfrozen next week and there will be a demand to re-enter the market. Although various media outlets are often unreliable, this news is indeed true.
The policy of freezing funds for new stock issuance does have a significant impact on the current stock market; and the continued popularity of secondary new stocks has attracted even more funds for new stock issuance.
Whenever there is a large number of new shares being subscribed, it will pose a great test to the market. This week’s sharp drop and the freezing of new shares funds are also a relatively large factor.
Another major news is that many brokerage firms have lowered their account opening fees. The impact is not significant in terms of the amount, but the symbolic significance is very obvious. The continued adjustment of brokerage stocks this month is undoubtedly also affected by this news.
The reduction in transaction fees is also a sign of a bull market. Gu Junhao remembers that during the bull market in 2015, most brokerages reduced their transaction fees to between 12,000 and 11,000 yuan.
But nowadays, there is no such good treatment. If the amount of capital is very small, it may even be as low as 1,300. The extremely high transaction fee is also a major factor hindering the circulation of stocks.
Compared with the third piece of news, the first two pieces of news are just an appetizer. Following the last Japanese newspaper’s high-profile bullishness on the stock market, a certain news agency published four articles in a row this weekend.
These four articles are all related to the stock market. They repeatedly mention the need to revitalize the stock market. This kind of intensive public publication is truly rare and has also triggered widespread discussion in the market.
There is also constant news about individual stocks in the two markets. Among the stocks held by Junshi No. 1 Fund, Xibu Securities, which has just changed its sponsor, has formally submitted an application for private placement of stocks to the China Securities Regulatory Commission.
The action was swift, and the China Securities Regulatory Commission, which also acted swiftly, also officially issued an administrative license application acceptance notice, formally accepting the application of Xibu Securities.
Once it enters the actual acceptance stage of the CSRC, it will be very difficult for a securities firm's equity increase project like Xibu Securities to be rejected.
There was so much market news over the weekend that it was somewhat unexpected. Seeing this, Xu Yan, director of Junshi Capital Markets Intelligence Department, had to call on a group of people to work overtime.
The office area of Junshi Capital in the Financial Building is unusually lively during the weekend, a scene that can only be seen at the beginning of its opening.
As for Xu Yan, he hasn't had to work overtime in person for a long time since the market intelligence department expanded its recruitment. In recent times, he has also been on business trips frequently to the areas around Jiangsu, Zhejiang and Shanghai.
For a veteran in the market, what I have seen and heard during my time at Junshi Capital, especially during the recent business trips, are things I had never imagined before.
Of course, Gu Junhao was not aware of this series of news over the weekend. At the moment, he was playing chess with Teacher Zhang. It was a rare opportunity for his future father-in-law to have time to rest at home.
Although Gu Junhao was not very good at chess, Zhang Mingde's level was about the same. The two bad chess players were evenly matched and had a lot of fun playing.
Zhang Yiru was busy with Qin Ruolan in the kitchen. Qin Ruolan looked at the two people playing chess outside from time to time, with a warm smile on her face.
The market was in turmoil, but Gu Junhao's side was calm.
During the two days of the weekend, in addition to staying with Zhang Yiru's family, Gu Junhao also chatted with Aunt Huang at the welfare home about the welfare home's operations and played games with the children.
Two days passed, with the capital market booming and Gu Junhao staying out of it, and in the blink of an eye, a new week arrived.
September 1, 2014, Monday, marks the beginning of a new month. Stimulated by the positive market news over the weekend, the three major indexes all jumped upward today.
The Shanghai Composite Index opened at 2220.13 points and the ChiNext Index opened at 1452.84 points. More than half of the stocks in the two markets opened higher.
Except for Yinzhijie, the other four supporting stocks of Junshi No. 1 also opened high, officially starting the September market.
