Chapter 310: Millionaire Maker
Junshi No. 1's performance has exceeded 22 times, and unsurprisingly ranks among the hot spots in major stock trading communities.
Taoguba, the place where Gu Junhao made his fortune, has published several hot articles in succession, attracting some new entrants to come and watch.
This also led to a new increase in the number of Gu Junhao's fans in Taoguba.
For industry practitioners, the performance of Junshi No. 2, which is shrouded in the halo of Junshi No. 1, is what they are most concerned about.
In the opinion of industry insiders, it is indeed exaggerated that Junshi No. 1 can achieve such a level.
But in essence, it is also due to the right time and place, as well as its initial small size, which made it easy to move.
But Junshi No. 2 is different. When Junshi No. 2 was launched, it had a capital scale of 500 million yuan. It is conceivable how difficult it was to operate with such a large amount of capital.
In just half a year, Gu Junhao was able to increase the scale from 500 million to more than 2.6 billion yuan, which fully demonstrated his ability to control large funds.
It is not scary to be able to handle small capital, what is scary is that you can handle large capital so well.
"Ningbo's peers will have a hard time. Funds are limited. With such a performance benchmark attracting large funds, it will become increasingly difficult for everyone to raise funds in the future."
"That's right. It is said that someone reported this manager Gu some time ago. However, after an on-site inspection, he was found to be in compliance with the regulations and was even praised by the local regulator."
"There's such a thing? Who is this wicked person? Reporting a colleague? Haha."
“I don’t know who it is, but we were indeed inspected by the local regulatory authorities some time ago.”
"The first fund will soon be closed. I don't know what it will be when it is settled. According to the current market conditions, it will be no problem to exceed 1 billion."
…
In the evening, Gu Junhao returned home and said to Zhang Yiru: "Before leaving get off work today, I have sent emails to all customers of Junshi No. 1, and also told everyone in the group that after the May Day holiday, the net value of the fund will be settled and free subscription and redemption channels will be opened. You can also share the money at that time."
"I saw it. Free redemption is open so soon? Isn't there still two months before the closed period?" Zhang Yiru replied.
"It doesn't make much sense to continue operating it, except for the change in net worth. Besides, stocks don't always go up, and the company also needs funds, so it's better to lock in the profits."
"That's right. You are the one who is subsidizing the company now. You are under great financial pressure. It's a good thing to settle the accounts early."
“Well, I mentioned this in the email, and 80% of the customers have replied that they agree.”
"Haha, the rest of the people probably didn't see the email, so they will definitely agree. The investment has been increasing, and it would be hard not to get it."
"Well, you can divide the share you applied for me among you, your parents, and your best friend. I'll give you my share as well. You can keep it as your own money."
"Haha, then wouldn't I become a multi-millionaire all of a sudden?" Zhang Yiru said with a smile.
"If we get divorced, you'll be a billionaire." Gu Junhao joked.
"screw you!"
The scale of Junshi No. 1 after the ex-rights is an astonishing 476 million yuan, and the net value after the ex-rights is as high as 11.9. According to the initial investment share, Zhang Yiru has indeed become a multi-millionaire all of a sudden.
On May 1st, the holiday officially began. As time went by, all customers of Junshi No. 1 had responded and agreed with Gu Junhao's decision to liquidate Junshi No. 1 early.
In fact, there is nothing to disagree with. Not to mention that fund managers have the right to get huge profits after the May Day holiday, which is something everyone is happy to see.
As the largest single investment group of Junshi No. 1, the Su Mingyu family, which holds a 25% stake in the No. 1 fund, will share 25% of the 476 million yuan. The initial investment of 10 million yuan earned a profit of 119 million yuan. This surprise is really too big.
If we were to say who was most surprised by the specific benefits of Junshi No. 1, it would be the Su Mingyu family. The investment income of 10 million yuan turned into a profit of over 100 million yuan in less than a year.
We all trade stocks, but there is no such exaggerated way to make profits.
Jiang Jianbai, who temporarily decided to invest an additional 1 million yuan, will also receive more than 20 million yuan in profits this time.
Investors like Qin Junkai who bought a 1 million yuan share will eventually receive more than 10 million yuan.
A feast of wealth thus began. In less than a year, Gu Junhao created many multi-millionaires through Junshi No. 1 Fund.
The news of Junshi No. 1 liquidation first caused a huge sensation in Beicang.
Qin Junkai became very popular overnight, and some of his friends also participated in the subscription of Junshi No. 1 for the sake of face.
To be honest, my friends didn’t have much hope at the beginning, so much so that many people almost forgot about it.
Unexpectedly, in less than a year, I would be able to reap a profit of more than 10 million yuan.
All of a sudden, the number of people who invited Qin Junkai to dinner and drinks doubled, causing him to party every night during the subsequent May Day holiday, and his waist could no longer bear it.
And because Qin Junkai and Gu Junhao have a good personal relationship, many people also hope to get to know Gu Junhao through Qin Junkai and expand their network.
Of course, the biggest winner is naturally Junshi Capital, which obtained 438 million yuan in cash through management fees and profit sharing, which made it feel much more confident.
"So my 50,000 has become 500,000?" Liu Ruihuan looked at Zhang Yiru with some surprise.
Taking advantage of the May Day holiday, Gu Junhao and Zhang Yiru took their wedding photos.
Liu Ruihuan, Zhang Yiru's best friend and bridesmaid, also accompanied her. She expressed her surprise after Zhang Yiru told her the news of Junshi No. 1's ex-rights.
"It should be more than 500,000 yuan, less than 600,000 yuan. After deducting a certain tax rate, it should be more than 500,000 yuan." Zhang Yiru replied.
Then he added: "My parents can get more than 2 million."
The old couple were also a little surprised by the sudden arrival of more than 2 million yuan.
"That's too much. This is much faster than making money by speculating in stocks. If I had the money to buy one million at that time, would I be a multi-millionaire now?"
"Yes, it's been quite lively recently. Everyone says that there are many millionaires in Beicang, and they have cash."
Although there is no shortage of wealthy people in Beicang, most of them are private entrepreneurs, and most of their assets are counted in company accounts.
This kind of private ownership of large cash flow is still very enviable. At least it gives you more confidence when applying for a loan.
During the May Day holiday, Gu Junhao not only gave several traders a half-month holiday, but after arranging the company's affairs, Gu Junhao also gave himself an extra week off to relax.
During the official holiday, the two of them focused on taking wedding photos. After the holiday, they traveled at different times to have a better experience, just like having a short honeymoon.
It’s a pity that Zhang Yiru’s annual leave is not enough, otherwise Gu Junhao would have planned not to go to work this month.
With the end of the holiday, Junshi No. 1 officially entered the liquidation stage, and investors were delighted after receiving specific profits.
The profits of Junshi Capital have also been credited to the accounts, and Guo Yuanwei repaid the 15 million yuan loan from Gu Junhao as soon as the money was credited.
Pay your boss’s money first and put other things aside.
With users redeeming their products and posting pictures on WeChat Moments, the news of Junshi No. 1’s liquidation spread across major websites.
As a die-hard fan of Gu Junhao, Li Ze has been paying attention to topics related . Naturally, he has heard about the news that Junshi No. 1 is about to be liquidated.
With blind trust, Li Ze quickly sold out his 10,000 shares of Tong Huashun after the market opened on Monday, May 4.
After the stock split and ex-rights, Li Ze's 5,000 shares of Tong Huashun became 10,000 shares. During the call auction, Li Ze's 10,000 shares were traded at a price of 110 yuan. This time, he completely cleared his inventory.
Tong Huashun's stock price opened high and then fell 6.79% throughout the day, which made Li Ze feel that the decision he made was absolutely correct.
"Haha, don't worry about the reason why Brother T liquidated his stocks, but there must be a reason for the adjustment of the market. Brother T's liquidation in the past is proof of this."
The market trend in the following days seemed to confirm Li Ze's judgment. The Shanghai Composite Index only barely closed in the green on the first day of trading after the holiday, and then fell sharply for three consecutive days, with the stock index falling from 4,400 points to below 4,200 points.
Within a week, the Shanghai Composite Index fell by 5.31%, barely closing at 4205.92 points, creating the largest single-week drop since the rebound.
The last time the Shanghai Composite Index fell by more than 5% was in the week of December 20, 2013, when it fell by 5.07%, which was not as large as this time.
The biggest drop this week was even more than the one seen this week when the stock index peaked at 3,478 in 2009.
That was in August 2009, more than five years ago. For a while, the news that the Shanghai Composite Index had peaked was widely circulated.
A week of sharp decline caused the news of Junshi No. 1, which had been liquidated, to be brought to the surface again. In addition, Junshi No. 2, which topped the list due to the liquidation of Junshi No. 1 this week, has retreated sharply, from a total scale of 2.641 billion before the holiday to 2.528 billion this week, and the net value rate has also fallen to 5.0576.
This makes those who have been paying attention to Gu Junhao for a long time feel that the market has reached its peak. Some people are already preparing to start secretly reducing their positions, including some institutions.
What's even funnier is that some Junshi No. 2 investors who don't know much about the stock market were affected by this and wanted to liquidate Junshi No. 2 as soon as possible, which made Gu Junhao laugh and cry.
What is worrying is not the lack of wealth but the uneven distribution of wealth. After seeing Junshi No. 1 liquidated ahead of schedule, it is understandable that some customers of Junshi No. 2 want to redeem it in advance in the face of huge profits.
However, understanding is one thing, but disagreement is another.
At present, it is just an adjustment of the broader market. This Friday, the ChiNext Index officially recovered after falling for four consecutive days. On Friday, May 8, the ChiNext Index officially broke through the 2,900 point mark with a 5.97% surge, closing at 2,973.60 points.
The Shanghai Composite Index also held the 30-day line on this day. If nothing unexpected happens, the two markets will end their adjustments next week, and the ChiNext Index will officially enter the 3 era, starting the final madness.
On May 11, Gu Junhao returned to work after his vacation, but he did not go to the trading room today.
After taking a vacation for a while, the company still had a lot of affairs to deal with, and Xu Jianqing was still the only one left in the trading room.
Since the company had already repaid the original personal loan of 15 million yuan, after receiving the money, Gu Junhao decided to repay the 8 million yuan financing and interest from the brokerage firm in advance to reduce the leverage ratio.
Although my leverage ratio is almost negligible at present, the power of leverage cannot be ignored, and I must do everything I can to control the risk.
As for the bank's 25 million yuan bridge loan, Gu Junhao also plans to repay it in advance this month, and the plan to reduce his holdings in Tong Huashun is also going to be put on the table.
After ending last week's adjustment, both the Shanghai and Shenzhen stock markets rose sharply today. The Shanghai Composite Index and the Shenzhen Component Index both rose by more than 3%, while the ChiNext Index surged by 5.83%, with the stock index closing at 3146.83 points.
A total of more than 280 stocks in the two markets hit the daily limit, and theme stocks triggered a surge in daily limit prices.
Dongfang Fortune and Tonghuashun, which plunged last week, both hit their daily limit, and Zhongguo First Heavy Industries also ended today's trading with an increase of 8.4%.
Tonghuashun’s stock price returned to above 100 yuan, closing at 112.09 yuan.
May 12th was a special day. The stock market once again saw a surge in daily limit prices following yesterday. The three stocks currently held by Gu Junhao all hit their daily limit prices again.
Tonghuashun’s share price was 123.30 yuan, Dongfang Fortune’s share price was 90.61 yuan, and Zhongguo First Heavy Industries’ share price was 15.32 yuan.
Even though he was summoned for a talk by management last night, he still remained crazy.
However, the overall volatility of the Shanghai and Shenzhen stock markets began to increase today, and trading volume also shrank compared with the previous trading day.
The decline in financial products such as securities and insurance is more obvious, which also shows that the differences in funds in the market are becoming increasingly larger.
During the trading session, Gu Junhao, who was sitting in the office, also instructed Xu Jianqing to reduce his holdings over the phone.
Today, Xu Jianqing sold a total of 30,000 lots of Dongfang Fortune and 150,000 lots of Zhongguo Yizhong, and recovered a total of more than 500 million yuan.
At this point, Junshi No. 2's position has dropped to around 500 million yuan in market value, while the cash on the books has reached 2.2 billion yuan.
If the share prices of these two holdings hit the daily limit again in the future, Gu Junhao will sell off part of his holdings again.
Similarly, Gu Junhao also cleared all his positions in Tong Huashun today. Tong Huashun's transaction volume today was as high as 4.38 billion yuan. Gu Junhao sold all his positions at an average price of 123 yuan, and earned a total profit of 393.6 million yuan.
Assistant Li Xinyu initially invested less than 50,000 yuan, and sold it at today's upper limit price. The profit of 246,600 yuan is nearly 5 times, which made the assistant very happy. She made almost 200,000 yuan with her boss, and she was very happy.
On Tong Huashun's Dragon and Tiger List after the market closed, Gu Junhao's seat appeared at the selling position one as expected. His sales of nearly 400 million yuan accounted for 9% of Tong Huashun's total transaction volume today, which shocked everyone.
"Fuck! When did Brother T sneak back into Tong Huashun? It looks like he's going all in again."
"That's amazing. When Brother T first bought Tong Hua Shun last year, he only had 16 million. Today, after clearing out his position, he has almost 400 million. It's been just one year. It's terrifying."
"Little-known fact: this is Brother T's personal seat, which means that the 400 million yuan is Brother T's personal property. Counting the income from Junshi Capital, Brother T's net worth exceeds 1 billion."
"Continuing from the above little-known fact, Brother T's Junshi No. 1 has created countless multi-millionaires, and it is said that the largest investment yielded more than 100 million yuan."
"It is said that Brother T's company treats its employees very well. It seems that Brother T is simply a millionaire making machine."
"The name 'millionaire making machine' is good, but everyone should pay attention to one thing. Brother T has started to run away on a large scale, which means he is not optimistic about the future market. Those who understand will understand."
"That's right. Junshi No. 1 was liquidated, and my personal account was liquidated. I guess if Junshi No. 2 hadn't been in operation for too short a time, it would have been liquidated as well. But I feel that Junshi No. 2 should have also significantly reduced its holdings."
"Of course, all my personal accounts have been liquidated. One fund has been liquidated, and the other fund has definitely reduced its holdings."
"Is this the end? I haven't made any money yet. Why do I feel like everyone is in a bull market, but I'm the only one who hasn't made any money?"
"The above poster is obviously a back-and-forth person, and he certainly hasn't read Brother T's previous public post; Brother T told everyone to hold on to their stocks and wait for them to rise, otherwise just buying one would double the returns."
"Since Brother T is gone, I'm going to withdraw too. I listened to Brother T and have tripled my profits. That's enough. This year, I'll just use a little money to play around, just like playing mahjong."
"envious!"
"+1!"
As Tong Huashun's stocks were on the Dragon and Tiger List today, Li Ze felt extremely regretful: "Fuck! Why did I sell them blindly? I should have thought that Brother T would definitely be among them if Tong Huashun's stocks were soaring. Otherwise, I would have made at least 6 million in profit if I sold them tomorrow. I've made a huge loss."
"Haha, Li Kuang, aren't you known as Brother T's number one fan? You miscalculated!"
"Oh, I miscalculated, I miscalculated; but there is nothing I can do, Brother T is gone, it looks like this will be the end of this year, I am too lazy to speculate later, I am used to long-term trading, I am not used to short-term trading anymore."
Then Li Ze sighed again: "Maybe I can only earn one or two million."
"Listen, is this human language? You made a fortune in the stock market and bought a house and a car, and you have over 1 million in savings, and you're still not satisfied!"
"Li Kuang, you can pick a stock and invest in it for the long term."
"What stocks are worth investing in for the long term in this market? They've gone up to the sky, are you going to buy them?"
"Not really. Liquor prices haven't increased much. There have been some unusual movements recently."
"No one buys liquor! It hasn't moved at all in the bull market for several years. If you buy it, who knows how long you will get it."
"That's right. If it doesn't rise when the market is rising, it will definitely fall when the market is falling."
"Let's wait until Brother T comes in next time."
…
Time flies, and it is May 28, Thursday, the penultimate trading day of this month.
The Shanghai Composite Index rose to 4941.71 points at the close yesterday, while the ChiNext Index has reached 3628.67 points.
After a half-month vacation, all members of Junshi Capital's trading team are in place, and Xu Jianqing is finally no longer alone at work like he was at the beginning of this month. However, no one has anything to do these days.
Yesterday, Xu Jianqing sold out all his Zhongguo No. 1 Heavy Industry stocks as Gu Junhao suggested. The transaction price of 150,000 lots was the upper limit of 19.75 yuan. This time, a total of more than 296 million yuan in cash was recovered.
Having come to this point with the Chinese-character series, Gu Junhao may not touch it again for a long time or even in the future.
As for CSR and CSR, which peaked on April 20, they have been falling since reaching their second highest point. The share price closed at 29.45 yuan on May 6.
Calculated based on the peak price of 39.47 yuan, it has fallen by 34%. However, Gu Junhao knew that this was just the beginning. After the trading ended on May 6, both CNR and CSR were suspended again.
After this suspension, CNR will officially withdraw from the A-share market, and CSR will be renamed Zhongguo CRRC. The officially renamed CRRC after the resumption of trading will be the beginning of a real nightmare for retail investors.
Compared with the subsequent decline, the current 34% drop is simply too kind.
Gu Junhao remembered that on the second day after the resumption of trading, CRRC closed at the daily limit and the stock price went straight to the daily limit.
After that, the stock price continued to fall without resistance until it fell below the 10 yuan mark, and in the following years it broke through all major price levels, trapping a large number of retail investors.
Currently, Dongfang Wealth only holds 30,000 lots of shares in Junshi No. 2 account, which can be regarded as a state of liquidation, and is already waiting for the stock market crash to come.
The closer it got to the stock market crash, the clearer Gu Junhao's memory became. As Zhongguo No. 1 Heavy Industry was the last stock to be liquidated, why did it choose to liquidate yesterday? It was because Gu Junhao clearly remembered that there would be a huge drop on May 28.
The reason why he remembered it so clearly was that on that day in his previous life when the index hit the 5,000-point mark, Gu Junhao suffered the biggest loss in history. As the amount of funds increased, Gu Junhao, who was fully invested on that day in his previous life, suffered heavy losses.
However, it was precisely because of the epic drop on that day that Gu Junhao realized that the risks were becoming more and more serious. Every adjustment of the market would be a huge drop, so he immediately made the decision to reduce his holdings.
It was precisely this decision to reduce holdings that allowed Gu Junhao in his previous life to retain most of his profits during the subsequent stock market crash, rather than wasting a year or two like most people, or even losing all his capital.
It was also because of this stock market crash that my previous self began to grow slowly, until he began to transform after 2018. During the digestion years after the stock market crash from 2015 to 2018, Gu Junhao never left the A-share market.
Relying on his own abilities, he slowly operated in a performance stock with a very small fluctuation range, honed his mentality, and laid a good psychological foundation for his subsequent soaring success.
Looking back on my past, I have to say that I was relatively immature at this stage in my previous life. I especially remember that when the stock market crash came, I wanted to make the overall profit an integer just for the sake of a profit of only 20,000 yuan.
Knowing the risks well, he still took the risk, which resulted in him suffering four limit downs before he could escape. He lost a lot of money from that operation.
The painful lessons learned in his previous life made Gu Junhao, a patient with severe obsessive-compulsive disorder, pay special attention every time the profit reaches an integer threshold in this life. As Xu Jianqing said before, it would be more meaningful if the overall scale of Junshi No. 1 exceeded 1 billion yuan.
But after considering a series of factors, Gu Junhao did not do so. Instead, he decisively took profits on April 30 and did not operate according to the 1 billion yuan target.
"Boss, what are you laughing at?" Xu Jianqing saw Gu Junhao in a daze with a smile on his face, and couldn't help but ask curiously.
"Ah? I'm not laughing at anything. I just remembered something happy." Gu Junhao came back to his senses and said that a scene like this must be witnessed in the trading room today.
"Oh, is the market heading for 5,000 points?"
"5,000 points? Let's wait and see, haha."
"It doesn't matter. We don't hold many positions anyway. The 30,000-hand Dongfang Wealth will not drop much, and it will not have a big impact on the net value." Xu Jianqing responded. The boss always felt that something was wrong today, but he couldn't put his finger on it.
"Oh, he sounds a bit mysterious, but this doesn't fit the boss's temperament. It's really weird." Xu Jianqing scratched his head and thought. After he couldn't figure it out, he went back to his workstation and slacked off.
By the way, this month, everyone's workload has been very light, and they have basically been slacking off. This state of mind is really rare. Xu Jianqing even hopes that the boss can raise another fund as soon as possible.
