Wealth

Vol 5 Chapter 588: Russell's investment plan

Fan Wuyi ran home. As a result, no one was caught except the babysitter. The old sister was still on her honeymoon. The old brother went back to Tianjin. His mother Zhang Mei had been there for a while. I owed a lot of work tasks for Fan Ting's wedding at home, so I went back to the work unit to deal with historical debts for a while.

In this way, Fan Wubing himself felt that it was meaningless, so he wanted to go back to the company and have a look. Recently, the people in charge of the following branch offices have not bothered him much. Who knows if there are important things that need him. To deal with it?

In the recent period, Fan Wubing felt that some financial investments in the United States should be sorted out. After all, the US economy is beginning to develop in the direction of a bubble, and the stock market has risen to a relatively frenetic level, if it is not the so-called new economy. And the gimmicks of the digital economy are holding on, and if investors don't know where the high point is, it is estimated that it would have collapsed a long time ago.

The U.S. economy generally maintained rapid and steady growth last year. It was only in the second quarter that the growth rate pointed out by private consumption dropped suddenly, and imports of goods and services also increased rapidly, which led to a slowdown in overall economic growth. In terms of years, it was the highest increase since 1988.

In the first quarter of this year, despite the economic growth fluctuating under the influence of the Southeast Asian financial crisis, it is estimated that the growth rate for the whole year is still the same as last year.

In May, Clinton said in a joint interview with The Wall Street Journal and National Broadcasting Corporation Cable TV that it is expected that the federal budget will have a surplus of $50 billion by the end of this fiscal year on September 30. This It will be the first time in ten years, and facts have indeed proved this.

The U.S. stock market is also bullish. New York stock prices are rising day by day. At the beginning of April, the Dow Jones Industrial Index exceeded the 9,000-point mark, and continued to rise, driven by IBm's profit report and Internet stocks.

As the IT industry has gradually become a pillar industry in the United States, in addition to promoting economic growth, it has also promoted the increase in labor productivity.

Established in 1971, the US Nasdaq Stock Exchange System, which mainly provides listing services for small and medium enterprises, has attracted a large number of small and medium-sized high-tech enterprises. The rapid development of the Internet around the world has made Internet stocks an upstart in the US stock market.

When Netscape went public in 1995, this company, which invested $1.7 million and had not made a profit for 16 months, became a giant with a market value of $2 billion overnight. , Created the first myth in the Internet era.

In May last year, Amazon, an online bookstore, went public. This year, due to the hype of e-commerce, everyone suddenly realized that Amazon’s model is the best example of how the virtual market can defeat the real market. So now, Amazon’s stock has risen by 20. Three times, and there is a continuing upward trend. It is estimated that by the beginning of next year, Amazon will become a behemoth with a market value of over 40 billion.

And three years ago, U.S. Online wanted to cooperate with Netscape. At that time, the market value of AOL was only one-tenth of that of Netscape. But now, after AOL has acquired other companies, its market value has already exceeded that of Netscape. It can be said that it has risen a hundred times year-on-year in three years.

According to traditional economic theories, the stock market’s rise of 15% to 20% is a bubble economy. Now, the Nasdaq Index has hit 60 consecutive new highs in a year, with an increase of as high as 100%. The P/E ratio of Internet stocks is also amazingly high. AOL’s P/E ratio is 230 times and Dell’s is 100 times. According to the general rule, the normal P/E ratio of the national stock market should be 15 to 15 times. Twenty times is normal.

There is no reason behind this phenomenon, and the role and contribution of venture capital cannot be ignored.

Any entrepreneurship requires investment, and it is risky. There is no entrepreneurship that lacks investment and is unwilling to take risks. The reason why the new economy can rise quickly and the reason why high-tech enterprises can grow quickly is an indisputable determinant. , Is the intervention and support of venture capital.

When the Internet was just prevalent, venture capital invested a large amount of capital in newly-started companies, and often before they proved whether they were in line with the business model, they injected a large amount of capital because venture capital was eager to get these companies listed. Realize the investment as soon as possible. Therefore, driven by interests, well-known institutions such as Morgan Stanley, Goldman Sachs and UBS that have adhered to the investment principles for many years have also lost their principles.

For example, UBS once had an empirical rule that all companies underwriting stocks must earn at least US$10 million in the year before listing.

However, this regulation has now become the focus of controversy.

Because just this month, a little-known Internet company went public and soared from nine dollars to ninety-seven dollars on the same day. The company easily gained a market value of over one billion dollars.

This crazy scene almost overnight changed UBS's investment principles. They decided that the conditions for recommending companies to go public and underwriting stocks became 2.5 million US dollars in revenue in the past quarter, regardless of the previous What is the performance.

In this way, it is natural to greatly increase the rate of IPOs and lower the threshold for IPOs. The Internet stocks can be said to have risen in the mud, but any stocks that are connected to the Internet can easily reach Nass. Dak came to the fire.

Of course, Fan Wuyao is also very clear that this is not the time when the Nasdaq is the hottest. The year after that is the new millennium, before the bubble is about to burst, that can be called the final madness.

Fan Wubing feels that many of his investments need to be screened before the middle of next year, leaving high-quality assets to continue to hold, and that temporary investments will need to be sold, otherwise so many assets will be sold temporarily. It's really not easy.

After Fan Wuyi arrived at the company headquarters, the atmosphere here seemed a bit weird. Russell was at the front desk talking with a few girls of the same age in a low voice, while the nearby security guards avoided the distance. , I don’t know what special things are happening?

"What are you talking about?" Fan Wubing leaned forward and asked.

"Ah?!" When several front desk mm saw the boss suddenly appear, they couldn't help but lose their color.

The company has very strict requirements. You can’t chat during working hours, and Fan Ting’s personnel department has always severely cracked down on things that may affect the company’s image, so everyone is very careful not to offend. .

But because Fan Ting was not in the company when she went out for her honeymoon these days, the personnel in the personnel department were also lazy, and the supervision was not so close. Therefore, when they were all right at noon, they gathered together to chat.

But they didn't expect that Fan Wubing would actually appear in the company at this time, and because they were too engaged in chatting before, they didn't know when he came in.

Russell was talking happily, and when he turned his head he saw Fan Wuyao, he immediately covered his mouth, his eyes widened.

Fan Wubing nodded her nose when she saw it, "You, follow me up to see the latest information."

"I still have a job at the front desk, why did you use me as a secretary?" Russell reluctantly followed Fan Wu's body and entered the elevator.

As soon as he entered the elevator, Russell consciously sat next to Fan Wuyi's, and hit him with his shoulder, "It was noon, and the boss was not resting at home. Why did you think of working overtime at the company? "

"I still want to ask you--" Fan Wuyao rolled his eyes and said, "The company paid you to come here. Did it let you chat? Several front desks gathered together and laughed, even the guests came. I don’t know anything, what kind of style is it? I was embarrassed to say you in front of everyone just now. Do you think this is professional ethics?"

"Isn't it because I'm bored?" Russell said boredly, pulling on Fan Wu's collar. "The top students of Peking University are put here as vases. I wouldn't want to do it if Sister Fan Ting gave me good treatment."

"You mean, this job has buried your talent a bit now?" Fan Wubing asked with a smile.

"Of course, it's not challenging at all. All day long, I just smile after seeing the guest, then greet, then register, and then give directions to others, or call the leaders of various departments to report. These are simple things that you say can be reflected. What kind of professional level is it?" Russell complained a bit disgustingly.

"Welcoming people with a smile is also a skill. As an experience in life, it is indispensable." Fan Wuyao leaned back and leaned on the sand back, looking at Russell, and said seriously. , "Smile is actually a very invincible weapon. You may not realize it now, but you will see it when you formally enter the workplace in the future. Only those who learn to face life with a smile will have more room for exhibition."

With a ding sound, the elevator arrived, and the two stood up, got out of the elevator, and entered Fan Ting's president's office.

Because Fan Wuyi hadn't eaten yet, so he asked the person in the restaurant to bring it up and read the information while eating.

"What were you talking about just now? I think the security guards are hiding far away, as if they have seen a ghost." Fan Wubing asked curiously.

Russell's face suddenly turned red, and his expression was a bit twisted.

"Khan, it seems that it's a sensitive topic again, so let's not talk about it." Fan Wubing saw her expression and knew what was going on, so he waved his hand and said.

Russell bit his lip and said hesitantly, "In fact, it's not the case anymore, but people have some money now, so everyone got together and discussed what to invest in."

Oh, Fan Wubing nodded, thinking that these front-end mms do have a lot of income. If a few people get together, it would be interesting to make some investment, so he asked, "Then you all have a little bit. What do you think? Investing is not something to be seen, it shouldn't be so sneaky, right? Speaking of it, I can help you advise."

"Several of them said that the stock market is very hot at the moment and want to invest in stocks, but because there is a conflict with the work time, they can't make up their minds." Russell said.

"Stocks, this is not a very good idea." Fan Wubing shook his head. "Let’s not talk about conflicts with working hours, because you don’t have much experience in this area. If you just follow suit, yes. It is difficult to make money, and if you want to trade in stocks, you must have a good psychological quality, a precise vision, and a sharp nose. If you feel something wrong, you need to retreat promptly. These conditions are not what you girls can meet."

Russell retorted a little unconvinced when he heard the words, "Brother Cure, what you said seems to be a little underestimating our girls!"

"It's not a question to be underestimated, but the fact that experience is basically like this." Fan Wubing said with both hands, but he immediately asked, "Any other ideas?"

"Well, I mean, I want to open a boutique lingerie store." Russell replied with a blushing face.

"Boutique underwear stores, there are already a lot of these stores in the capital, it's not a very good idea." Fan Wubing said after thinking about it for a while.

The atmosphere in the capital is relatively open. Although it is not as good as the coastal area, it is basically what you want. There are also many specialized underwear boutiques. Although the prices are expensive, they are still hot and the only one. The disadvantage is that the competition is fierce, and the investment in the store is relatively high. If you can't get the agency rights of some big brands, it will be more difficult to make a profit.

"No, we are not talking about ordinary underwear--" Russell twisted his body and coquettishly beside Fan Wuyi.

"Not ordinary underwear? Is it ~www.wuxiaspot.com~ raincoat?" Fan Wubing froze for a moment, and then asked with some uncertainty.

Russell blushed and said, "We girls, why are we embarrassed to sell that kind of stuff?! We are talking about **** lingerie!"

Erotic underwear? Fan Wubing touched his nose and said, "The idea is good, but I think that a few young girls are selling **** underwear together. This challenge seems to be no worse than selling raincoats!"

"That's why everyone is a little undecided--" Russell said.

But looking at the problem from the perspective of Fan Wubing, assuming that several front desk mms of his company can put on **** underwear for publicity, it is estimated that the door of the store will be kicked out. In a sense, It seems that this idea is also very good.

If you don’t consider other factors, just soliciting men to buy this kind of things as gifts for consumption is enough to make them count the money and count the cramps.

If children’s products are meant to make adults bleed, women’s **** underwear is meant to make men bleed.

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