Chapter 757 - 314: Off-the-Books Funds
Wanliu Capital promptly confirmed the redemption application, which is good news for those eager to quickly withdraw their funds.
Under normal procedures, one would wait an additional day and endure a day of losses.
Today, Wanliu Capital is definitely going to incur heavy losses.
Thus, confirming the shares in advance allows people to take money based on yesterday’s net asset value, ensuring a profit.
They are only thankful for themselves.
Meanwhile, some people admire Wanliu Capital; at such times, one could delay a day since it’s normal procedure, but to prevent the investors from worrying, they confirmed the shares a business day early.
This event attracted considerable attention in live streams, thanks to frequent highlights and people’s boredom; many livestream rooms followed up on it.
Any livestream discussing this topic attracted hundreds or thousands of viewers; it’s the absolute highlight of the day.
Many people casually browsing found related livestream rooms.
"Many have sent me private messages saying Wanliu Capital has confirmed the redemption shares ahead of time, meaning today’s redeemed funds don’t suffer today’s market losses. Congratulations to them for surely grabbing some impressive returns; for early entries, the profit could exceed seventy percent, which is quite rare."
"From the data I’ve found, among domestic public funds, only sixty-two funds achieved an annual net value increase of more than five percent on average, while only seventeen funds achieved an average of more than ten percent."
"Regarding fund size, only 16% of investors profit in a year, and a little improvement appears at three years with 18% profiting, but a five-year investment drops sharply to only 5% profiting, meaning 80% of investors lose money, although this isn’t as bad as stock investors, 86% of whom lose, indicating fund investing has less risk of loss than stock trading."
"Wanliu Capital has experienced a net value growth of 331% over three years, with only one year in the QDII fund."
"From this incident, you can tell Wanliu Capital is quite responsible, akin to the management principles of Extreme Shadow Group and Green Water Group; Li Yang and Jiang Banxia, as a couple, continue displaying an exemplary attitude, offering utmost sincerity to the users."
"Extreme Shadow Cars’ service, Green Water Heaven and Earth’s service, even financial companies, they all prioritize user consideration. Confirming shares early is simply to ease user concerns over today’s market fluctuations. Currently, no matter how much Wanliu Capital reinvests, it’s hard to pull back. Taking stakes is merely a temporary strategy, severely limiting their funds afterward; in case of a strong withdrawal pressure, they’d need to come up with hundreds of billions to fill the gap."
...
Ye Changrong, as a vegetable farmer, made most of his money over the years from hard work.
After all, over twenty greenhouses need attention.
He isn’t idle throughout the year.
Though he hires help for planting, spraying, and harvesting, he also pitches in himself.
This year nearly got his twenty-year effort trapped by one Xinguan.
Thanks to Green Water Group stepping in, not only did he not lose any money, but he earned more than in previous years.
Now he has millions in cash on hand.
However, this money is for next year’s greenhouse planting costs—labor, seeds, fertilizers...
If Green Water Group were to collapse, he’d feel truly distressed.
Only locals understand this company’s importance.
Take just the food processing factories in nearby county cities; they’ve provided countless jobs to many families.
With other companies, those jobs could offer a six thousand salary? Only work eight hours a day? The company even watches over the kids? Provides two meals?
Many of his neighbors work there, mostly women staying home with kids while the men work elsewhere.
The town’s men working away mostly do construction and heavy labor. Coincidentally, with recent bad real estate trends, many worked all year without pay.
Right at this moment, Green Water Group offered the jobs.
Not daring to speak of wealth, but at least one person working allows the whole family a fine life.
After thinking it over, he went straight to his son’s room and found his son gaming.
"Stop playing games; set up a stock account for me."
"Huh?"
"Quickly! Or I’ll cut off your allowance for a year! Also, after setting it up, help me buy 500,000 worth of Green Water Group’s stock."
He didn’t want to buy anything else, just Green Water Group’s.
...
Tang Jianwei, an algorithm engineer with Extreme Shadow Cars, stayed despite the department-wide poaching, so Li Yang restructured the team for him.
Over several years, his entire team expanded over tenfold; his authority grew increasingly substantial.
Under thirty, he became a millionaire because of an opportunity.
He feels his current status doesn’t reflect any exceptional ability, just pure luck, and Li Yang treats employees uniquely.
With Extreme Shadow Group, unless company-mandated, overtime isn’t allowed.
Company-mandated overtime results in cash payments immediately afterward, calculated according to wage ratio; basic hourly wage is roughly 100 yuan, overtime is triple, 300 yuan an hour.
Three years in the company earns 100,000 stock incentive shares; five years earn 300,000 shares; ten years earn one million shares.
Extreme Shadow Group’s competitiveness is considerable, yet considering this perspective, unless severe principle violations occur, if it’s purely a matter of capability, the company offers transfer opportunities.