My Age of Investment

   Chapter 969

  After inspecting the Jintian studio, Xia Jingxing and the management had a meal together, and then took a plane to the magic city that night.

  It was late at night when we arrived at Hongqiao Airport. Deng Fenghua, an old classmate, brought a few employees from the Magic City office to greet Xia Jingxing and his party.

   Rested all night, Xia Jingxing came to the 49th floor of Jinmao Building early the next morning.

  Because it is the National Day, most of the employees are on holiday. When Xia Jingxing walked into the office lobby, he only saw a few left-behind employees sitting at their desks busy with their work.

  Deng Fenghua specially explained: “All the positions of the Mango Seed Fund have been emptied. Everyone has been working for several months and it happened to be in time for the National Day, so I gave the team a long vacation.”

  Xia Jingxing nodded and said: "Yes, everyone has worked hard this time. When I come back from the holiday, I will give everyone a reward for their merits."

  Deng Fenghua smiled, he was very clear about the weight of the four words "reward on merit".

  Mango Seed Fund was established last year. It has been in the large A-share market for nearly two years. It is not well-known to the outside world, but it is a famous star private equity (securities) fund in the industry, and it is full of mystery.

  The most mysterious thing is, how much money does the Mango seed fund make?

   Although there are speculations in the industry, the numbers range from billions to tens of billions, but no one really guessed it.

  Deng Fenghua, the vice president of Envision Capital, is actually one of the leaders of the following sub-teams of the Mangos Fund. He is one of the few people who know the fund's specific profit figures best.

  He secretly thought, if the company rewards the fund team for a round, then at least how many houses per person of the key members? And it's still in the prosperous area in the center of the magic city.

  Deng Fenghua led Xia Jingxing into the conference room, where there were already a few people sitting.

   Seeing the appearance of the big boss, Zhao Jun quickly got up to greet him, and several vice presidents behind him also got up.

  Xia Jingxing shook hands with several people one by one, and said, "Thank you very much."

  But none of these people felt hard, and everyone’s face was filled with the joy of harvest.

  Because today is the day to count the harvest, who is tired of counting money?

  After a while, Xia Jingxing sat down and nodded towards Zhao Jun with a smile: "Let’s start!"

   Zhao Jun happily walked to the stage, still the old rules, playing PPT.

"This year, in accordance with your guidance from Mr. Xia, after a round of reductions, we have retained 80% of the positions in the three major industries of brokerage, real estate, and liquor, and added 20% of ST stocks and other industry sectors... "

  Xia Jingxing looked at Zhao Jun with a smile. In fact, he did not guide the Mango Seed Fund. The investment directions of several major industries were mainly determined by Zhao Jun and the investment research team after investigation and research.

  However, he provided two key guidance, buying and selling timing, especially when to sell, this is the essence of stocks, and it is related to whether the profit is full or the basket is empty.

"In the last round of fund adjustments, we sold 4 million shares of CITIC Securities at an average selling price of 40.2 yuan per share; this year we sold all remaining 16 million shares held at an average selling price of 92.5. Yuan/share;

  Our average position price for CITIC Securities is RMB 7.39 per share, and the holding cost is RMB 147.8 million.

  The two reductions in holdings resulted in a total of 1.640.8 billion, with a total profit of 1.493 billion and an investment return rate of more than 10 times. "

  Xia Jingxing looked at a group of K-line charts and shareholding change charts on the projection screen, and nodded secretly. Without any leverage, he made ten times the income in less than two years. It is really a big bull market!

  And this is the record they achieved when they reduced their holdings by one-fifth of CITIC Securities at a low price.

   "CITIC Securities has a very good growth trend. It is estimated that after the festival, the stock price may exceed the 100 yuan mark."

  Xia Jingxing glanced at Zhao Jun, who seemed to regret the reduction of holdings too early, and said indifferently: "What if it breaks through the hundred yuan mark? Maybe it will stop the next day.

  The subprime mortgage crisis in the United States has spread to major financial institutions, and a greater financial storm may be brewing at any time.

  There is no need to put yourself at risk in order to earn that last copper plate. "

Zhao Jun came to his senses and nodded quickly: "Mr. Xia, you are right, it is me who took the picture! The big bull market last year and this year was indeed a bit confusing, and it is easier to magnify a person’s greed and gain tenfold. It’s something that I didn’t even dare to think about in the past."

  Xia Jingxing smiled, and said no more.

  Zhao Jun continued to play the PPT and reported the profitability of each stock.

"We have an average position price of 4.62 yuan per share for China International Finance Securities, reduced our holdings by 4 million shares at an average price of 19.08 yuan per share, and reduced our holdings by 16 million shares at an average price of 151.51 yuan per share. The two reductions totaled Obtained 2.504.8 billion, with a total profit of 2.40808 billion, and an investment return rate of more than 24 times."

  Hearing this series of numbers, Xia Jingxing was not sleepy at once. He thought that CITIC was the biggest demon stock, but compared with China National Finance Securities, it was still slightly less coquettish.

"Fan Hai Construction, with an average position price of 5.48 yuan per share, reduced its holdings by 6 million shares at an average price of 23.2 yuan per share, and reduced its holdings by 24 million shares at an average price of 71.3 yuan per share. The two reductions totaled 18.504. Billion, the total profit is 1.686 billion, and the return on investment is more than 10 times."

"Luzhou Laojiao, with an average position price of 6.13 yuan per share, reduced holdings by 6 million shares at an average price of 28.01 yuan per share, reduced holdings by 24 million shares at an average price of 60.39 yuan per share, and obtained a total of 16.1742 from the two reductions. Billion, with a total profit of 1.43352 billion and a return on investment of 7.8 times."

"Vanke A held an average position price of 6.71 yuan/share, reduced its holdings by 6 million shares at an average price of 17.61 yuan/share, reduced its holdings by 24 million shares at an average price of 30.16 yuan/share, and obtained 829.5 million from the two reductions. The total profit is 628.2 million, and the return on investment is 3.12 times."

  ……

  Xia Jingxing listened to all the reports of more than a dozen stocks in the portfolio, and he knew everything in his mind. In this round of bull market, the performance of real estate and liquor is generally not as good as that of brokers.

  Especially Vanke, only earned a little more than three times, and it is the worst performer among all stocks.

  This made him complain about Wang Yan, so he can’t climb the mountain less and stay away from the female celebrity?

   "All three major industry sectors have been cleared, and a total of 10.68448 billion funds have been obtained."

  The smile on Zhao Jun’s face is very bright, he is very satisfied with the result, there is nothing to be dissatisfied with.

After reporting the situation of the main funds, he continued to press the PPT controller in his hand and said: “Next is the ST section. At the beginning of the year, we reduced our holdings by 800 million in total. The ST sector invested 200 million yuan."

"ST Jintai, the largest demon stock this year, has a total of 42 daily limits. Our average purchase price is 2.5 yuan. We bought a total of 3 million shares. The average price of the reduction was 26.58 yuan. The reduction was 79.74 million and the total profit was 7224. Million, the return on investment is nearly ten times."

   Xia Jingxing interrupted: “I heard that Liu Fang, ST Jintai’s largest tradable shareholder, was tracked down by various parties, and it was finally discovered that it was a rural woman with a poor family?”

  Zhao Jun nodded and said: "There are a lot of tricks in it. Fortunately, we don't buy much, otherwise others might not take us to play."

  Xia Jingxing's mouth twitched, which is really messy.

  Zhao Jun continued to show the return on investment of other ST stocks. Those who earned more earned ten times eight times, and those who earned less were only two or three times. Of course, there were also some who lost money.

  In the last inventory, only 600 million yuan was made in ST stocks, and the average rate of return was only 3 times.

   After showing the final profit statement, Zhao Jun explained: “Because the ST shares are relatively small and the number of valuable ST shares is relatively small, it is impossible to withstand our 800 million yuan of funds.

  So, we ended up investing only 200 million in the ST sector, and the other 600 million in other industry sectors. "

  Xia Jingxing nodded, expressing understanding, because he had told Zhao Jun that no illegal operation was allowed.

  Next, he looked at the investment in other industry sectors shown by Jun Zhao. The return rate was good, reaching four times, with a total profit of 2.4 billion, which was a little better than the performance of the ST sector.

   "As of now, all the stocks held by the Mangos Fund have been liquidated. There is a total of 14.5 billion yuan in cash in our bank accounts."

  Speaking of the number of "14.5 billion", Zhao Jun couldn't help but breathe a little bit faster.

He witnessed with his own eyes how the funds in his hand changed from 1 billion to 14.5 billion step by step. It felt a little unreal, and it was too easy. He focused on several major industry sectors to buy and held it for more than a year after he bought it. Then reduce holdings and make money.

  Think about it carefully. In fact, it is mainly due to the big bull market. The entire big A-shares are skyrocketing. Even many small white stockholders have made money, and they have earned several times or more than ten times.

  The only thing they are better than Xiaobai stockholders is that the Mango seed fund has already withdrawn all the funds. They are not greedy, and they are safe.

  It feels easy to say, but he has hesitated and lingered, because if he holds it for another month, 14.5 billion is likely to become 20 billion.

  Faced with such a temptation, few people can calm down.

  Thinking of this, he couldn't help but admire Xia Jingxing a little, his mind was clearer than any of them.

  Be aware that when I received the order to sell Xia Jingxing some time ago, most of the team members were hesitant and entangled since him, and some even persuaded him to persuade Mr. Xia to take back the order: hold it for another month! Just one month!

  At that time, he thought for a whole night, and finally did not persuade Xia Jingxing, but strictly implemented the boss's selling order.

  When 14.45 billion lay quietly on the company’s bank account, he felt that he had an epiphany and he had grown up on the road of investment.

  Even if he held it for one more month, the money would become 20 billion or 30 billion. He felt that he would not have the wiseness of the boss to stop it in time.

  Because when the holdings really become 20 billion or 30 billion, they may not be able to stop them completely, and then they may face the disaster of extinction.

  Others fear I am greedy, others are greedy I fear!

  Many people know this famous saying by the old man, but few people can really do this. Knowing it is easier than doing it!

   Thinking of this, Zhao Jun turned his gaze to Xia Jingxing, who still had a calm look on his face, as if it was not 14.5 billion, but 145 yuan.

  Xia Jingxing reacted quickly, and no matter what, he should encourage the team, so he took the lead and applauded.

"Very good! The Magic Office successfully pulled back a round this time. Without using any leverage, it created a 14.5 times rate of return in one and a half years, which is harder than the New York office’s "sixty times rate of return in three years". Realize a lot.

  Because the leverage of the Lixia No. 1 Fund has been maintained at three or four times at any time.

  Lao Zhao, you led the team to make great achievements this time, and the company will definitely reward you and the team. "

Zhao Jun hurriedly waved his hand and said modestly: "The Mango seed fund can achieve this excellent result. The first is that you have the command of President Xia, the second is that the big bull market has helped a lot, and the third is that the team is united and sincere. cooperate."

  Xia Jingxing smiled, and glanced at the flushing pats of the small hands next to him. He knew what these people were expecting.

  So he cast his sights on Zhao Jun, and said: "Keep the notice, the colleagues in the financial department who have worked hard these days will work overtime again and come up with a detailed reward plan.

  In addition, on the first day after the festival, the whole company will take another day off and hold a celebration banquet. "

  Zhao Jun smiled: "Okay, I'll make arrangements later."

   Seeing this, Deng Fenghua and several vice presidents knew that the boss and Zhao Jun had something to discuss, so they got up and quit. Only Zhao Jun and Xia Jingxing were left in the conference room.

  (End of this chapter)