Chapter 207 Mid-Autumn Festival
The good market conditions in the first week of September were a little regrettable due to the decline of ChiNext today. ChiNext Index ended its five-day winning streak and finally closed down 0.38% today, closing at 1489.84 points.
The extremely strong Shanghai Composite Index rose again by 0.85% today, closing at 2326.43 points. The performance of five positive lines in five trading days shocked countless investors.
In terms of the overall performance of the index, this week can be regarded as extremely strong. The Shanghai Composite Index surged 4.93% in a week, and the ChiNext Index, which pulled back today, also surged 4.59% this week.
Although the performance of several holdings in the first three trading days of this week were somewhat unsatisfactory, with Gu Junhao's position adjustment plan and the fact that Yinzhijie was finally launched as Gu Junhao expected, Junshi No. 1's returns this week were still very good.
Dongfang Wealth had a good increase on the first trading day of this week and today, and finally ended with a gain of 8.79%, with the stock price closing at 13.98 yuan.
Xibu Securities fell 0.74% today, closing at 12.08 yuan, and rose 5.06% this week, barely outperforming the index. Its performance was the worst among the four stocks.
Wan'an Technology also fell today, slightly outperforming Xibu Securities with a 5.25% increase this week, and its share price finally settled at 13.02 yuan.
Yinzhijie performed well this week. Although it fell slightly today, within a week, Yinzhijie brought considerable benefits to Junshi No. 1 with a return of 17.01%.
You should know that as of today, Junshi No. 1 already holds 11,100 shares of Yinzhijie, with a market value of up to 24.2868 million yuan, accounting for 35.19% of the total scale of Junshi No. 1.
All four holdings outperformed the index, which also surged. Combined with the surge in the largest holding, this also indicates that Junshi No. 1's earnings this week will explode.
As of the close of September 5, the total scale of Junshi No. 1 reached 69.0124 million yuan, with a net value rate of 1.7253. This net value increased by 0.1535 compared with the net value on the last day of August.
This week, Junshi No. 1's net income reached a staggering 6.14 million yuan, with a yield rate of 11%, which can be said to be a very impressive performance.
In addition, the current cash scale held in the fund account has reached 11.01 million yuan, which is considered to be sufficient preparation for the subsequent high-level fluctuations of the index.
After calculating the first week's earnings, Xu Jianqing and the other two were stunned. The fund size had almost reached 70 million yuan without them noticing.
In just less than three months, the rate of return reached about 75%. If there are no major accidents and the rate continues , wouldn’t the total size of the fund be able to reach more than 100 million yuan in about two months?
I didn’t expect that the first private equity fund I joined would be able to achieve such a scale. This can be considered a perfect start to my career, right?
Nowadays, it is quite difficult for a newcomer to the fund industry to manage a fund with a scale of over 100 million yuan without a solid background. Newcomers can only do some miscellaneous work when they first enter the profession.
"Boss, this is awesome!" Xu Jianqing gave Gu Junhao a thumbs up. This time he was not flattering him but expressing his sincere admiration.
In terms of operations, Xu Jianqing does not think that he, Wang Ruoyu and Liu Tingting can compare with experienced traders.
When it comes to the specific operation of the fund, the three can provide very limited help. The fund's impressive returns are not unrelated to the boss's choice.
According to the boss's position building plan, even if no operations are performed, the returns of these four stocks will not be bad, and this does not include the initial wave of returns from Hailanxin.
"Not bad. In just three months, we increased the size from 1 million to 70 million. Everyone has done a great job." Gu Junhao was also very happy.
The fund was officially put into operation on June 9th. There will be no trading on next Monday, the 8th. So today is exactly three months of trading time. In three months, the rate of return is very high.
Of course, it is also closely related to the sharp rebound of the broader market and the ChiNext in the past two months. There are no so-called stocks in the market, and everything can only follow the general trend.
Judging from the trend of the four holdings I have selected, the range of increases has basically remained between 30% and 40% since the positions were established, and the largest number of securities has increased by less than 20%.
It cannot be said that the stock selection is very good, but the advantage is stability. For large funds holding positions, stability is the most important thing; this is why such a rate of return can be achieved.
In addition to the reasonable allocation of positions among these four stocks, the operations of Xu Jianqing and the other two also contributed greatly. Over the past three months, the three of them rarely made major mistakes.
Junshi No. 1 is always under his control, which makes Gu Junhao feel at ease.
"Okay, there will be no meeting today. Let's announce the net worth early and leave work early."
Then Gu Junhao added: "Next Monday is Mid-Autumn Festival. I wish you a happy Mid-Autumn Festival as well."
The A-share market will be closed during the Mid-Autumn Festival, and Junshi Capital will also take a day off accordingly. Including the weekend, there will be a three-day holiday, which is a rare holiday for office workers.
Mid-Autumn Festival is a festival for family reunion. Liu Tingting is a local, so it goes without saying that she can go home to celebrate. Wang Ruoyu’s hometown is in Zhejiang Province, so naturally he can also go home to celebrate the festival.
Xu Jianqing's hometown is in a mountain city, which is quite far away; it's not that he can't go back during the three-day vacation, but it's relatively rushed, so Xu Jianqing didn't plan to go home.
After hearing about the three people's Mid-Autumn Festival plans, Gu Junhao also smiled and said to Xu Jianqing: "Then you are pretty miserable? You are spending the festival alone. I advised you to find a girlfriend a long time ago."
Xu Jianqing rarely retorted. He missed his family even more during the holidays; this emotion was also reflected in Xu Jianqing.
"You have a good income now, and you are doing well among your peers. Maybe you can bring your parents over to live with you?" Gu Junhao saw that Xu Jianqing was a little depressed, so he comforted him.
"My parents are farmers, and they are not used to living in the city." Xu Jianqing said softly.
"Oh, I see. Then it's okay for you to stay for a few days to see your work environment. You can also bring your parents to the company to have a look."
As for giving Xu Jianqing a few more days off, Gu Junhao didn't plan to bring up the topic himself. Everything should be done in moderation. If Xu Jianqing asked for it himself, then Gu Junhao would agree to it.
Asking for leave is one thing, and it is another thing for your boss to give you leave on his own initiative. This is not fair to other employees.
However, Xu Jianqing did not bring up this topic again. Young people's emotions come and go quickly. After Wang Ruoyu and Liu Tingting comforted him with a few words, Xu Jianqing's emotions disappeared.
"Why don't you come home with me?" Wang Ruoyu suddenly said. His hometown was not far away, and they both had new cars, so it would be convenient to drive back.
"Ah? It's not a good idea to disturb your family during the Mid-Autumn Festival, right?" Xu Jianqing said with some hesitation.
"There's nothing wrong with it. Just think of it as a trip. You don't have much to do by yourself anyway. Just remember to bring gifts." Wang Ruoyu said with a smile.
He doesn't have a girlfriend, and his parents will inevitably talk about him when he goes home for the Mid-Autumn Festival. It's a good idea to bring Xu Jianqing as a shield. With a colleague around, his parents will give him some face.
"Well, gifts are no problem. Okay, then, I'll go to your place and have some fun." Xu Jianqing didn't want to celebrate the holiday alone, but this was his first time to celebrate at a colleague's house.
I feel a little embarrassed.
"Okay, make your own decision. I'll leave first." Seeing that the three of them were chatting enthusiastically and had no intention of leaving get off work early, Gu Junhao said with a smile.
After leaving the trading room, Gu Junhao came to the office and dealt with some backlog of company affairs, and then left the company. As for the Mid-Autumn Festival benefits and other matters, he didn't need to worry about them.
Although Junshi Capital has a small staff, it has a formal operating model. For example, small matters such as company benefits do not require the boss Gu Junhao to personally take care of them.
The administrative department just needs to come up with a specific plan and Gu Junhao will just need to sign it.
The Mid-Autumn Festival in 2014 was Gu Junhao’s second Mid-Autumn Festival since he came to this world. Last year’s Mid-Autumn Festival, Gu Junhao spent it alone.
Not long after the Mid-Autumn Festival, Gu Junhao officially resigned and became a full-time stock trader. Not long after that, he met Zhang Yiru again.
The second half of 2013 was a year of change for Gu Junhao; time has passed, and the Mid-Autumn Festival in 2014 is completely different from the previous ones.
Not only will they no longer have to spend this year's Mid-Autumn Festival alone, but Gu Junhao and Zhang Yiru will also move into a new home. The new house has been fully furnished and can be moved into at any time.
The two also chose to move to their new home on the Mid-Autumn Festival, which is also a memorable day; at that time, Zhang Mingde, Qin Ruolan, and Aunt Huang will also come to warm up Gu Junhao's home.
Gu Junhao had also invited Lao Lu, but Lao Lu directly refused; according to the original owner's memory, Lao Lu had this kind of personality, which was not strange in Gu Junhao's opinion.
The next day, Gu Junhao and Zhang Yiru cleaned up the house they were currently living in, packed up some clothes and other things, and took them to their new home.
"There is still half a year left on the lease of this house. Do you want to cancel the lease with the landlord?" Zhang Yiru said to Gu Junhao before leaving.
"No need. I have already talked to the landlord. We will buy it when the time comes. We will sign the contract after the landlord returns from his business trip. You just need to sign it with him then." Gu Junhao said with a smile.
"Ah? Why buy it? There are so many new properties now, why buy an old house?" Zhang Yiru said in surprise.
"The location here is not bad. Besides, I have rented a house many times. This one should be the last one. I might as well buy it as a souvenir." Gu Junhao said with some emotion.
There is nothing wrong with that. Gu Junhao thinks the location of this house is very good. It is also a school district house. He negotiated a premium over the market price with the landlord.
However, the last reason was Gu Junhao's true feeling. Buying this house, the appreciation of value was secondary. The most important thing was to keep it as a commemoration and to say goodbye to his predecessor.
