The securities firm's branch manager said with a smile.
There are many cases in which fund managers leave securities companies to start their own businesses these days. But it's not easy."
"Is that so?"
"Some of them are good at it, but others are regretting it because it didn't go well. Some of us want to get back into the stock market."
said the chief sitting in front.
When I was in a securities company, I still had a background of being a securities firm. He's out there and he has to do his best in the open, but it's not easy."
"Is that so?"
"There are many rich people who have about 1 billion won in cash in Gangnam because of the ample liquidity in the market. They look at fund managers and they open trust accounts, but when they leave the securities firm, they'll be reluctant."
"Hmm."
"But if you're a fund manager who's been making a lot of money, you're a customer."
"I see."
"Furthermore, if a successful super ant like you is the CEO, it follows. Look at Mirae Asset. Aren't there a lot of people who follow Park Hyun-joo's individual?"
While we were talking, there was a writing poem.
Vegetables with mayonnaise, grilled mackerel, steamed eggs, and corn corn were served.
"You don't deal with corporations?"
"We also deal with corporations. We also increase not only corporate money but also the owners' personal wealth. There are some owners who take huge dividends."
The branch manager also said a word.
"There are managers who spend all of their monthly and public expenses on corporations and make a lot of dividends. There are some people who have never been more greedy and are the body of an operation."
The sound of the operation reminded me of the Virgin Mary and my acquaintance.
The assorted sashimi came out.
I brought it in two large plates for four people to eat.
The branch manager ordered soju and beer to drink as he wanted.
I got a strange thirst today.
It seems that he took great care to sell stocks related to THAAD all day long.
The beer seemed to be well received today.
I emptied the beer that the branch manager had poured me.
"Oh, you're a good drinker."
"No. I'm thirsty because I made a lot of deals today.”
"The chief here is also a good drinker. I hope you two get along well. Haha."
After eating a piece of food, I asked the branch manager.
"But who the hell are the forces?"
"I've just heard that there are major shareholders, executives and employees of companies, second and third generations of chaebol, boutiques in Yeouido, M&A experts, stock clubs, and even private moneylenders and gangsters. Maybe we and the boss are part of the operation.
I nodded.
"It's a game that's hard to win for an ant with weak information.”
"But there are people like the Sod Master who catch the operation with their own senses and come through the game."
"Is that so?"
"It's like you."
Everyone laughed at this remark.
said the chief, filling my empty glass with beer.
"I'm not a sourcing master like you, but I'm level five. Jeong Dae-ri and Song Dae-ri, who are here together, are level 5 like me. I want to work with Master Sod."
I laughed at this remark.
[What kind of sour master am I?] Grandmother Baek barely admitted level 6 to me!]
In my dream, I was recognized as Level 6 by Grandma Baek.
Although he was also trying to bring in THAAD from Japan, he was recognized by his grandmother for saying that South Korea could bring it in first if it had a justification.
I was in a pretty good mood then.
It was a pleasure for a man to be recognized by others. That was also recognized by Mrs. Baek, who is known to be the god of stocks.
The store manager's glass was empty, so I poured him a beer.
Song, who was next to him, was surprised and hurriedly picked up the beer bottle.
"I'll follow."
"Okay, I'll do it."
I poured beer into the store manager's glass.
"Go, thank you."
The branch manager raised his head and drank beer. I could see his throat.
The branch manager said, wiping his mouth with a napkin after drinking up the beer.
"You don't have to invest two billion dollars. They're going to get their severance pay or their mortgage."
"Is that so?"
"Jeong and Song bring in 100 million won each and Jang 200 million won each.“
"So you're bringing 400 million."
"Yes, sir. You can put in 1.6 billion.
I now have 14 billion, so I had no burden to pull out 1.6 billion.
"Hmm, 1.6 billion..."
I put on a look of thought with my arms folded.
"First, set up a company. Since Song has resigned and is at home these days, we can have him do business."
"Oh, aren't you leaving the securities firm now?”
I looked Song in the face. said Song, bending over.
"Yes, it is."
said the branch manager again.
"Please create a separate bankbook containing 1.6 billion won for the establishment of an asset management company that handles private equity funds. And these guys right here, they're going to put their money in there and get two billion.“
"Let's do that."
When I said, "Let's do that," the three people, including the branch manager, were in a state of harmony.
The branch manager patted Jang on the shoulder and said,
"Director Chang is well aware of the attorney's office that our branch deals with, right?"
"I know."
"The secretary there knows well about the establishment of an asset management company, and you can leave it to him."
"Okay."
said the branch manager with a smile.
"I also name a private equity firm. You can name it."
"Well, someone else can name it. I don't have a name on my mind."
said Chung, who had been quiet.
"Since your name is Choi Joon-sik, why don't you take your initials and call it JS Investment?”
Jang also said.
"Since JS Investment is hard to pronounce, how about JS Investment Korea?”
The branch manager clapped his hands and gave great approval.
"Oh, that's nice!"
Zhang said, putting his hands forward.
"Then let's give a round of applause for J.S. Invest Korea."
Everyone applauded.
It was the moment when JS Invest Korea, a private equity fund, was formed.
said the branch manager with his head down.
"By the way. Boss."
"Yes, please speak."
"Samo Fund is a place where you roll with your customers' money."
"Of course."
"If the office is near Gasan Digital Station, I don't think so. I think we should move to Yeouido financial district."
"You're gonna have to pay a lot of rent..."
"When I see my friends who quit the securities company and settled in Yeouido in advance, they get a place to use even if they pay 100 million won in deposit and 5 million won in monthly rent. They said they could get about 25 pyeong, enough space for four people."
"Is that so?"
"If you're a level 5 manager here, you'll get 500 rent in no time."
"Hmm."
"And we'll need one executive to back up fund managers. The accounting manager or the general manager. You can hire one of them as your boss."
"I guess so."
"We'll just have to let the administration manage or manage employee's private insurance, and these people will only have to manage the funds that the customer has entrusted."
"Okay."
"And I think it would be better to adjust the position as we set up the company."
"Your position?"
"That would give the impression that these people are scouts to private equity firms, not layoffs."
"That's a good idea."
"So, you can be the deputy director, Jung Dae-ri and Song Dae-ri are the directors, and the president can be the CEO."
"Haha, that's great. By the way, how many customers do we have?”
"The chief said 3 billion won, 1.5 billion won for Jung Dae-ri and 500 million won for Song Dae-ri. Isn't that right, Mr. Chang?"
answered Jang.
"Yes, that's right."
"If you're working and you're doing well, your customers are going to grow even more. Payments should be based on a lower base salary and incentives based on performance."
"I understand."
"Maybe Jang will organize the fund management plan and come back."
I thought about how much profit they would make if they rolled over 5 billion won of customer money.
I made 5 billion won in stocks related to THAAD and got 40 percent profit this time. At that rate, labor and office expenses would be nothing, but it was a problem if we didn't make any money.
I asked because I was curious.
"Then how much profit can you make if you operate with 5 billion?"
"It's not 5 billion, it's 2 billion plus capital, so it's 7 billion. With the start-up cost, we can manage 6.8 billion won, even if we lose 200 million."
"Then what is the expected return of 6.8 billion?"
"It depends on our performance, but we see roughly 10 percent."
"10%?"
I thought 10 percent a month was a great deal of course.
"It's annual."
When I heard that it was a year, I thought so. If the company earns 680 million won, or 10 percent, by rolling 6.8 billion won in one year, it will fall by half, even if labor and office operating costs are excluded.
"It's 340 million won, given that we're half out of our labor and office expenses. So what's the yield?"
When I took out my smartphone for payment, Song first paid with the calculator in his smartphone.
"5%."
"5%? Well, I think it would be better than a banker. As long as we don't make mistakes."
"Yes, if it's better than the bank, the money that you have nowhere to go will be driven to private equity firms."
"You don't have a theme, do you?"
"Oh, no, no theme stocks. Theme stocks can hit the jackpot, but if you get caught up in the operation, you'll be embarrassed."
Haha, is that so?“
"I don't know if it's my money, but it's dangerous to do that."
"That's true."
"If we have a lot of money, we'd better touch M&A, but we'd better specialize in blue-chip or potential over-the-counter stocks."
I nodded.
It was generally perceived as people with sound common sense.
"Oh, I've been drinking beer and I need to pee a lot."
I pretended to go to the bathroom and paid for today's meal by card first.
The branch manager jumped up when I paid for the meal today, but he seemed to like it secretly.
Today, I made money by selling stocks of THAAD, which was nothing more than gum for me.
"Sir, then I'll have Song come to your office tomorrow. I have to work on setting up a company."
"Go ahead."
"You don't have to pay me until the company is officially established."
"Haha, I understand."
I broke up with them and went home right away.
I got off work by subway.
When I came home, I thought it might be a good thing.
[Yes, well done. I felt lonely doing business alone. I used to walk around alone when I went to eat.]
I thought I'd be ashamed of my family if I set up a company and carried a business card with me. Isn't the president of an asset management company more handsome than a full-time investor?
I also liked Sangho JS Invest Korea.
The initials of my name made me think it was my company.
I also thought that there would be a lot to learn when I was with them.
They are elites who have worked in securities companies for many years, so I thought they would know a lot of things I don't know.
You said you wanted to move your office to Yeouido Financial Street, right? I think that's right to deal with customers. Shouldn't customers trust the office when it's pretty cool?]
Then I was worried about what to do with Mrs. Baek's new stock.
[If we move the office, we'll have to build a separate office for the president.]
Morgang Tech due diligence