Chapter 684 - 289: A Mirror
May 1st marks the beginning of the holiday.
For a small group of people, it’s a double blessing.
Because at midnight, Wanliu Capital sent mass text messages to users.
Even though everyone knew about this rule long ago, they were still very anxious as the time approached.
The discussions in various groups were lively.
Many people speculated on the net value situation of the Wanliu Global Selection fund.
Some guessed a 50% increase, while others speculated 70%.
These are already very frightening figures, entirely due to the public’s trust in Wanliu Capital and their recognition of Jiang Banxia’s abilities.
The only regret is that the quotas are not high for everyone this time since the point exchange was halved.
Many people also thought that they should exchange at a one-to-one rate for the quotas of the other four funds. Those four funds have also risen by over thirty points in almost a year, and estimating that in two more months, when a year is up, forty points should be no problem.
But everyone wants a miracle!
The people from the year before last made a fortune; not only were their cars practically free, but they also had some extra income. Everyone wants to experience such good fortune.
Unfortunately, they missed it.
Despite the halved point exchange, they still want to gamble again.
Anyway, after buying the car and driving it, they don’t feel like they’re at a loss.
Apart from the lack of brand influence, other features placed on luxury cars would probably be considered a loss to sell for a million; people would have to pay extra.
"A three billion US Dollar quota, and how much did we car enthusiasts take? Even in the last half of the year before last and the first half of last year, not many cars were sold, right? Points were also halved, so a fifty billion US Dollar quota for car enthusiasts would be fine, meaning..."
"Congratulations, blind friend, you’ve discovered the key point. The bulk of the fund’s profit is undoubtedly still Wanliu Capital’s. Last time Wanliu Capital made quite a lot, although it wasn’t enough to fill the hole of more than two billion US Dollars, surely they would prioritize their funds before considering others. Even a 50% profit, along with the high management fee, Wanliu Capital’s overseas revenue this year should be around ten billion US Dollars."
"What if we add the domestic revenue?"
"Not sure about domestic revenue, but it definitely starts at ten billion... Wanliu Capital is aiming to make one hundred billion this year!"
"The financial industry itself doesn’t have particularly high costs, even top companies have annual operating costs of only a few billion, occasionally over ten billion. Wanliu Capital’s operating costs are even lower, less than twenty billion a year. Making one hundred billion would be terrifying; its market value would definitely exceed two trillion."
"From the recent rise of Wanliu Capital, it can be seen that this time’s revenue will not be low."
"This is not scientific, why did I only get a five or six points increase from a different QDII fund this year? The Dow Jones and Nasdaq have both risen by nearly twenty points."
"What can the domestic fund managers do? Besides a bit of insider trading, they’re useless! Most of them just buy and leave it there without adjusting according to the market."
"In fact, the other four funds of Wanliu Capital didn’t gain much this time either..."
"Jiang Banxia simply doesn’t have the energy. After all, it’s a few hundred billion now, can’t be operated like before with a few tens of billions. Besides, Jiang Banxia is pregnant with her second child; it’s good enough to manage in one direction."
"True..."
"It’s out, it’s out... I received the text message."
"Oh my god, quickly take a screenshot, let us see, I didn’t buy it."
"Then what about your points?"
"Used them to consult on a problem, asking a useful question costs me 120,000 points, it’s expensive!"
"What question did you consult?"
"Future wealth configuration, personally said by Jiang Banxia."
"What configurations?"
"Can I tell you?"
...
"Screenshot is here!"
"Oh my god! +136%?"
"A three billion dollar plate more than doubled?"
"How much money is that?"
"Wanliu Capital’s website is also updated, indeed it’s 136%, and this is personal funds revenue. If it were Wanliu Capital’s own funds revenue, it must exceed 140%."
"Wanliu Capital is likely to earn over twelve hundred billion this year."
"The exchange rate is now 6.8, not the previous 6.5."
"Wanliu Capital’s market value will definitely exceed two trillion, but unfortunately... I only bought five hundred thousand shares..."
...
Li Yang also just received the report.
Net value increased by 136%, so in theory, the total fund should be 300X236%, which is 74.8 billion dollars.
In reality, the total fund is 74.4 billion dollars, and the additional 3.6 billion dollars are the management fees for this fund.
The five-point management fee is calculated daily, and those management fees stay inside, continuing to eat into the profits, accumulating over time into such a large amount.
Ultimately, the company’s financial gain is 15 billion dollars, adding the principal of 11 billion dollars, the company will take away 26 billion dollars this time.
Meanwhile, earning 3.6 billion dollars in management fees this time, plus a series of fees from the other four stocks, from the second half of last year to now, roughly 1.4 billion dollars, Wanliu Capital’s cash on the books is 31 billion dollars.
Extreme Shadow Cars will take away 11.8 billion dollars this time, and Kuai Pai will take away 23.6 billion dollars, leaving only 9.4 billion dollars belonging to the fund buyers.
The company’s money already has a plan.
There will be a 50 billion A-share dividend, while keeping a portion for the next round of investment.
After seeing all this, he can rest for a while, but Jiang Baichuan’s phone call came.
"Li Yang, are you asleep?"