Chapter 373 Financial Inclusion
It is not difficult to make money in stock trading. No matter how green you are, everyone has the experience of making money, or even making a lot of money in a certain period of time. The difficult part is how to make money continuously.
Whether it is institutions or ordinary investors, real bigwigs and experts must have the ability to survive through bull and bear markets, minimize losses in a bear market, and increase positions to make big profits in a bull market. This is the correct way to invest.
The overall market performed poorly this week. There are only a few funds that can maintain positive returns this week, especially public funds with position limits, and even fewer that have returned more than 3%.
Junshi Value Investment's performance this week is indeed very impressive.
With his first fund, Junshi No. 1, Gu Junhao proved to the public that he had the ability to make a lot of money in a bull market .
The second fund, Junshi No. 2, remained standing despite several rounds of stock market crashes. Gu Junhao proved that he has the ability to survive both bull and bear markets.
Although the third fund has changed its attributes and turned into a public fund, which brings certain variables, but judging from this week's performance, Gu Junhao seems to still have the ability to maintain it.
In the eyes of industry insiders, the most terrifying thing is Gu Junhao's ability to attract money. In just one week, he was able to attract more than 400 million yuan in subscription funds, increasing the overall scale from less than 70 million yuan to 500 million yuan.
In fact, this was somewhat beyond Junshi Capital's expectations. According to the original data model calculation under the investment division, this week's subscription capacity should be around 300 million.
The subscription amount of more than 500,000 yuan, which was originally expected to be reduced after the start of the second trading day, did not show a significant decrease as shown in the fund subscription backend.
On the contrary, as the index adjusted, the market fell while maintaining a very stable level range, which also made the data analysis department and Gu Junhao somewhat puzzled.
In fact, what Gu Junhao didn't know was that on the first trading day, there were indeed many investments made for the purpose of showing support. However, it would be impossible to say that there was no intention of making money at all.
The only people who really didn't care about money and benefits, and chose to unconditionally support Gu Junhao were Zhang Mingde and his wife, and Aunt Huang. Even Lao Lu and others still valued benefits while supporting him.
After all, in the past two years, Gu Junhao's reputation in the fund circle has been growing, and his trustworthiness has reached a certain level.
In Yongcheng, compared to the predecessor who has already entered, Gu Junhao's experience is more legendary. In addition, he was born and raised locally, and after becoming famous, he has always stayed within the scope of activities in Yongcheng. His fame in Yongcheng is no less than that of his predecessor.
Apart from the factors of some support on the first day, the large funds that subscribed later were mostly from those who were forced off the train by Gu Junhao after the subscription channel of Junshi No. 2 was closed. These people originally wanted to wait until the subscription channel of Junshi No. 2 was reopened this year before investing.
Having become accustomed to Gu Junhao's style and stable and unexpected returns , this group of people no longer care about any of the fund products on the market.
This is also one of the reasons why peers are wary of Gu Junhao. His ability to attract money and customer stickiness are too strong.
Unexpectedly, Gu Junhao suddenly acquired a public fund company and transformed into a public fund. This was really an unexpected surprise. Compared with Junshi No. 2, Junshi Value Investment no longer has the rule of not charging management fees when the net value is below 1.
But at the same time, there is no regulation on profit sharing after doubling. For Junshi No. 2, some people believe that investing in Junshi Value Investment is obviously more cost-effective. However, Gu Junhao seems to think the money is too hot to handle, and still sets a subscription limit.
A fund account is not allowed to subscribe for more than 2 million yuan at most, and the maximum daily amount is only capped at 500,000 yuan. For the rich, 2 million yuan is not enough, but it is better to have something than nothing.
One account can only subscribe for 2 million yuan. That's okay. I can just open a few more accounts and use the ID cards of everyone in the family to open accounts together. You can't control this. It's just a little troublesome, but there's nothing else to it.
The reason why Gu Junhao set a subscription cap is to better serve some small and medium-sized investors. Although setting an upper limit cannot solve all problems, it still has some effect.
In fact, ever since Gu Junhao withdrew from Taoguba, he has always had the idea of running a public fund. However, at the beginning of his business, his strength was far from enough to obtain a public fund license or acquire a small fund company like he is doing now.
The success he has achieved today is inseparable from the support of those lovely leeks in Taoguba, whether they are people like Su Mingyu and Jiang Jianbai who provided money or people like Li Ze who helped Brother T tout himself on the Internet.
In addition to being more challenging and enriching their own business sectors, public funds allow more fans to participate. It is not a problem for them to make money with some of their fans based on their own understanding of the stock market and their ability to predict bugs.
At least before 2022, there will be no problem. After 2022, even without the advantage of foresight, Gu Junhao believes that he can do well.
In the previous life in 2022, the stock market was not doing well, but without any foresight advantages at that time, Gu Junhao was able to do well. In the stock market, rebirth definitely has certain advantages, but more of it depends on one's own strength.
Take the present for example. In fact, Gu Junhao had seen many stocks in his previous life, but he had never done anything with them, or even touched them at all. However, he could still make money based on his own judgment and analysis.
As for the size of the fund, Gu Junhao did not require it to be very high initially. Publicly offered funds are different from privately offered funds. Many privately offered funds are one-time transactions. After the closed period, if the product has unsatisfactory returns, it can be directly liquidated and the next one can be issued.
Mutual funds are a long-term industry. A mutual fund with good performance has a relatively long life cycle and can continue to operate as long as the performance is normal.
In terms of prospects, acquiring Junshi Price Investment is a major step forward for Gu Junhao's fund career, and it truly marks a step from a small circle to a real fund career.
Again, the initial scale does not need to be too large, the key is to maintain good performance. After a period of time, the net asset value ratio will go up, and it will naturally be able to attract more ordinary investors and achieve true universal access.
Financial inclusion is a very mysterious term, or even a completely non-existent concept to a greater extent. When such a term appears, it is more likely to be used to make money.
However, Gu Junhao still wants to use the advantages of his rebirth and his talent for stocks, to some extent through public funds, to allow some investors to have better returns and achieve universal benefits in a partial sense.
In this way, my rebirth will not be in vain. I had no worries about food and clothing in my previous life. Now that God has sent me back, it is not necessary for me to repeat my previous life. I should at least do something meaningful.
For example, through the identity of a public fund manager, he helped those who suffered heavy losses during the stock market crash in 2015 to recover some of their losses. He also made equity investments in the primary market through his identity as an investor, which increased the vitality of enterprises and promoted local employment.
Even from the perspective of one's own safety, these are all very necessary. The money in the market cannot be earned by one person. This is a consensus among everyone. Even if one has achieved the level of double horses in the previous life, he will still be punished if he gets too excited.
The fellow villager who has already been imprisoned was actually related to these things, not only because of his overly arrogant operations during the stock market crash, but also because he was deeply involved in the vortex of insider trading after he became rich.
In fact, if he had waited until he became rich, instead of blindly making money in the secondary market, he had transformed himself in a timely manner through his accumulated connections, made some equity investments in the primary market, and invested in some real industries, he might not have ended up in this situation today.
The wheel of time is rolling forward. In the post-Internet era, what is most important? Of It is essential to learn from some negative cases and learn from them.
On March 14, after a round of news fermented over the weekend, the subscription amount of Junshi Price Investment reached a total of . So far, within seven days, the overall scale of Junshi Price Investment has exceeded 650 million yuan.
For Gu Junhao, this is really a happy trouble. The current market environment is not good, and the pressure around 2900 points still exists. In Gu Junhao's view, this round of rebound in the first quarter will at most be on the 60-day line, which is around 3000 points.
There is no other reason, and even no foresight. A mature investor should know that the policy turmoil and trading volume during the Two Sessions are not enough to support a large-scale rebound.
However, in such an environment, the subscription amount of Junshi Price Investment has not slowed down. In just one week, the overall scale has almost reached 10 times the original scale.
So, in the early trading session on Monday, Gu Junhao once again decided to limit purchases!
"The daily subscription limit has been reduced to 100,000 yuan. This is not a solution. Who can stand buying new shares every day?"
Before the morning session opened, Gu Junhao said to Liu Tingting somewhat depressedly, "To be honest, if you don't buy Junshi's real investment targets, there are really not many companies in the market that Gu Junhao can look up to. King Ning, you should go public earlier."
If all else fails, you can just buy some BYD. Although its investment cycle is a bit too long, the current price of around 50 yuan is just right for Junshi Value Investment, which wants to operate in the long term.
"I'll buy another new stock this morning, BYD, and also fill up my position in China Construction Bank. You can take care of the remaining funds. Just make sure you have a 5% cash flow and do some T-trading in China Construction Bank."
“As for BYD positions, just follow the trading volume. In the end, it’s better to fill it up. If it can’t be completed in one day, divide it into multiple days.”
Today, BYD's average daily trading volume is only around 400 to 500 million yuan. It is still difficult to increase the amount to 65 million yuan, which is 10% of the fund's total size, within one day.
"In short, you can't add to your holdings of those eight new stocks. If your holdings are too large, the risk will be too great."
