Chapter 337: Increasing Investment in the External Stock Market
The total scale of 6 billion has exceeded Gu Junhao's expectations. How to arrange the positions next is the key. However, before the New Year, Gu Junhao did not intend to invest heavily in buying A shares. He would wait until after the circuit breaker.
As for Junshi Capital 's 1.859 billion yuan in profits, it has already been transferred to the company's account; next, most of the more than 1.8 billion yuan will be used to invest in US stocks and reap profits overseas.
Nvidia's slow and steady trend is unlike the ups and downs of A-shares. This trend is very suitable for bargain hunting. If you encounter a big drop in US stocks one day or one month, it will be a good opportunity.
Currently, Nvidia's stock price has risen to over $30, and the profit from proprietary trading has exceeded 50%. It is not suitable to increase positions during the current rise, and you can even look for opportunities to sell.
The time to take back and increase positions is actually already clear, which is the day when the U.S. Federal Reserve raises interest rates. Currently, this is a major negative for U.S. stocks. Even if there is no prophet in the previous life, it can be felt from .
It was planned to switch to US stocks during the bear market, but the time difference is a bit annoying. Currently, Xu Jianqing is the only one in charge of the business, and he can take care of a market worth one or two hundred million yuan.
But now the company has once again earned more than 1.8 billion yuan. With so much money, Xu Jianqing obviously cannot handle it alone. In addition, the overall scale of Junshi No. 2 has increased to 6 billion yuan, and four traders are obviously not enough.
The company's development is getting faster and faster, and professional traders must keep up. Gu Junhao had already discussed this with Shen Boyu. An executive with rich experience would not make temporary arrangements when the company needs personnel.
Traders who will be trading in foreign stock markets will be able to officially take up their posts next month, led by Xu Jianqing. Xu Jianqing will then be transferred to Junshi's proprietary trading desk, where he will be responsible for specific projects.
Originally, Gu Junhao wanted to train Xu Jianqing to be a fund manager, but from the current perspective, Xu Jianqing's experience is still a little insufficient. The fund needs to be responsible to its clients, and Xu Jianqing's immature personality makes him unable to take on this role at the moment.
However, the company's self-operated trading can solve this problem very well. Operating a self-operated trading account is similar to helping Gu Junhao trade stocks personally, but it is done in the name of the company and the company is only responsible to Gu Junhao.
Whether losses or profits are all within a certain controllable range, which can serve as a good exercise for Xu Jianqing. Gu Junhao also hopes that Xu Jianqing can live up to expectations and become his capable assistant.
The fund aspect is easier to handle. Although there is only one fund at present, its overall scale has reached 6 billion yuan. As far as the current market is concerned, the overall scale of Junshi No. 2 is already sufficient to be listed as a front-end product of private equity funds.
Even if it is placed in the public fund, this scale is already considered to be at an upper-middle level. The overall scale of a company is not judged by how many fund products it has, but by its overall scale.
Being able to operate the Junshi No. 2 fund well is already very good, not to mention that the management fee of Junshi No. 2 is not low, and there is profit sharing, and now it has entered the closed stage again.
From the perspective of specific operations, Gu Junhao does not want the size of the fund to change too frequently. The specific subscription channel will not be online again until at least one year later, and Gu Junhao does not plan to redeem the channel once a month.
This is too frequent and he may not complete his position in a month, so Gu Junhao plans to launch the redemption channel once a quarter. There will be no more redemption opportunities this year and the next redemption will be scheduled for the end of March 2016.
…
Since hitting the recent high of 3673, the index has been unable to break through and finally fell below 3600 points today. On November 18, the Shanghai Composite Index closed at 3568.27 points, down 1.01%.
A nearly bare-headed and barefoot negative line fell below the daily five-day line and the 10-day line. The index felt very great pressure, but Vanke A went against the market trend today, rising by more than 9% during the session.
Vanke's trading volume today reached 2.58 billion yuan, which is the highest trading volume since September 2. Before September 2, whenever there was a high trading volume, it must be when Baoneng bought heavily. It was also the time when Baoneng raised his stake in Vanke for the second time.
Vanke's counter-market performance today naturally attracted market attention, and people couldn't help but think of the equity battle in the past few months. Today's volume is very likely to be another outbreak of war.
In the evening, Vanke, whose stock price had moved unusually today, unsurprisingly updated its announcement on changes in shareholders' equity.
This time, the unusual movement of the stock price during the day was a counterattack by Vanke's original largest shareholder. After Baoneng raised its stake for the third time and its total share capital reached 15.04%, Vanke's original largest shareholder lost its position as the largest shareholder.
Today, it bought 497 million yuan and held a total of more than 1.689 billion shares, accounting for 15.29% of the company's total share capital and regained the position of the largest shareholder.
The battle for Vanke's equity has entered a white-hot stage, with Huarun once again regaining the position of the largest shareholder. What everyone is looking forward to next is Baoneng's performance.
The renewed battle for equity has clearly surpassed the specific trend of the A-share market. Investors are immersed in the drama and seem to be less concerned about stock trading.
On Wednesday evening, Gu Junhao paid attention to the trend of US stocks at home. Today, the trend of US stocks is still positive. Nvidia continues its trend, and another pig farm stock that he had previously paid attention to has also risen to around US$150.
Nvidia has ended its adjustment and continued to rise above US$30. From the perspective of cost-effectiveness, it is obviously more appropriate to buy Nvidia.
Chinese stocks have experienced great ups and downs and are greatly affected by the policies of the two countries. Unlike Nvidia, which is a long-term bull stock, its stock price trend is more resilient among US stocks than Apple, Tesla, etc.
The size of its plate is also very suitable for Junshi Capital's current capital to participate. With an investment of around RMB 1 billion, or more than US$160 million, it can only be regarded as a small institution in this stock.
Calculated based on 10 times or even 20 times the returns, the total revenue of a foreign institution in NVIDIA is about 10 billion US dollars. Even the one who comes to the top later will not pay too much attention to it.
What's more, by that time, Gu Junhao would have already withdrawn most of the positions, and it would be impossible to impose sanctions on him.
The relationship between the two parties is still good at present. Now is the best opportunity to invest in US stocks, and I happen to have a large amount of idle funds in my hands, so there is no need to be too conservative.
"Next month, transfer more than 1 billion yuan to the company's proprietary trading account and look for opportunities to continue to criticize Nvidia. By then, the trader will be in place, so you will manage it well."
Gu Junhao said to Xu Jianqing in Junli that since they were operating the company's proprietary trading account and it was a foreign stock market, there was no need to limit their instructions to one place, which was why Gu Junhao was able to give instructions at home.
"Haha, boss, that's awesome. We have made almost 80 million RMB this time. It's more satisfying to make money from foreigners." Xu Jianqing said happily.
In the following days, he will have to work night shifts frequently. Junshi's proprietary trading account has been completely taken over by him. Gu Junhao only needs to give specific buying and selling plans.
Due to the negative impact of the expected interest rate hike on the US stock, there will definitely be a period of volatility at the end of the year or in early 2016. The profits mentioned by Xu Jianqing reminded Gu Junhao that US stocks can be shorted.
Today, Xu Jianqing talked about Nvidia's specific profits, and Gu Junhao remembered this; in essence, even when it comes to buying Nvidia, Gu Junhao still operated according to his own inherent thinking mode in the early stages.
Just like A-shares, you can hold them for a long time, try not to use leverage, and operate with your own funds. However, even if US stocks allow short selling, there is no need to liquidate the stocks when interest rates rise.
According to the short-selling method, it should be possible to try hedging on a small scale; but Gu Junhao does not dare to short-sell on a large scale.
There is no other reason. In recent years, there has been a bull market in US stocks, especially in technology stocks. Short selling technology stocks on a large scale is no different from seeking death.
Occasional hedging is just to test the properties of short selling and enrich the investment categories. If short selling is to be carried out on a large scale, it cannot be carried out in the past few years.
After watching for about an hour, Nvidia's stock price was close to $31, and the trend was very stable. Gu Junhao said to Xu Jianqing: "It's almost time for today. You have been watching it during the day and trading at night. You are very tired. Go back and rest early."
"It's okay, I'm not tired. This is much more exciting than A-shares. I can make a lot of money." Xu Jianqing replied excitedly while sitting in the trading room.
The profit calculated by Gu Junhao is only based on the increase in stock price. The yields from other intraday operations are not taken into account by Gu Junhao.
Most of this profit will belong to the company, and part of it will be counted as Xu Jianqing's performance and will be distributed as dividends.
Junshi No. 1 and Junshi No. 2 were previously allocated in this way. The stock price fluctuated greatly, and the profits from intraday T were very large, such as Home Depot operated by Wu Peng and Tong Huashun operated by Cao Wenxun.
For stocks with large fluctuations, if the trader operates well, the performance commission will be high. For stocks with small fluctuations, it is relatively more difficult and the income will be lower.
Before Tong Huashun and Home Depot liquidated their shares, Wu Peng and Cao Wenxun were full of energy, as a big intraday fluctuation meant they would have greater profits.
Now, the daily fluctuations of the three heavyweight stocks are not big enough, so these two people seem less energetic. However, there is nothing they can do about it. In the next few years, most A-share stocks will be like this. It is common for employees to have a lower income in a bear market.
According to Gu Junhao's future plans, most stocks will maintain this trend. How to solve the psychological gap of employees caused by reduced income is also something Gu Junhao needs to consider.
