Wall Street Legend

The hearing held by the Securities and Exchange Commission has just ended. Ye Dongqing must abide by the rules next, otherwise it will be difficult to escape easily if he is targeted by those people again this time.

Most of the wealth of Tamsui Fund Company belongs to investors. Ye Dongqing has successively transferred several amounts of money from it, some of which went into Facebook, which is regarded as investing in an independent company, and the other is Leo-Y and the bonus he paid to himself. , the total amount is nearly 20 million US dollars.

Both Golden Island Financial Management and Leo-Y are nominally subsidiaries of Tamsui Fund, but Facebook is not. Since Ye Dongqing holds all the shares of Tamsui Fund, it is quite convenient to operate. Do not use the funds belonging to investors. Just the principal.

As punishment, he will have to report to the Securities and Exchange Commission every quarter for the next two years, and he will also have to cooperate with the committee to review the accounts, leaving him little room for maneuver.

The specific financial issues are left to the professional financial company PricewaterhouseCoopers, while the equity structure, organizational structure, etc. are left to Ye Dongqing to figure out on his own. It is not yet to the point where he needs to spend money to hire institutions for help. Several companies are not large in scale. , it all belongs to him anyway.

The official website launched this time means that Freshwater Fund can have another blood transfusion channel. The other one is Golden Island Financial Management Company. It currently has more than 130 salesmen and has been slowly expanding in New York. It is considering Annualized returns of 7.5% and quarterly returns of 2% have led to booming sales of financial products.

Buying on a quarterly basis, Freshwater Fund deducts 12% from the interest as management fees, while for regular deposits for a whole year, the management fee is only 5%. Calculated, the one-year term is more cost-effective. Next, Ye Dongqing We are also preparing to launch financial products with longer time periods and higher interest rates to attract large deposits.

As a small fund company, Ye Dongqing is very self-aware. He defines the concept of large amount as 30,000 U.S. dollars. According to the introduction on the official website, as long as the deposit limit reaches 30,000 U.S. dollars, you can enjoy a two-year annualized rate of return. 8.6% for super financial products.

For deposits of more than US$100,000, you can even enjoy an annualized rate of return of 10%, with the same term of two years.

After going through the initial development stage, he is trying to make his company more formal and subdivide various financial products so that users can find the one that suits them.

“When this financial product is launched, my fund company will be able to get more investment.

Mr. Alfred, remember to help me think about how to promote it. I hope that when people search for keywords such as funds, financial management, and making money on the Internet, the website of Freshwater Fund Company will appear first.

The online trading platform has not yet been officially launched, and Ye Dongqing's idea of ​​trying to buy some of his company's financial products fell through.

He is still discussing with the director of PayPal, hoping to reduce the cost of online transactions. Otherwise, handling fees will be charged for transfers in and out of transactions. Not only will Tamsui Fund lose a lot of money, but it will also easily cause dissatisfaction among users. .

Ye Dongqing hopes to cancel the handling fees for users of his company to use PayPal to transfer funds to freshwater funds and redeem and withdraw funds from accounts. As a listed company that has just been acquired by eBay, eBay is currently not large in scale. As an enterprise-level customer, there is hope that transaction fees will be reduced.

It is worth mentioning that the founder of PayPal was Elon Musk, who later founded Tesla electric cars and SpaceX. The start-up funds for the development of those two companies mainly came from the sale of the online payment tool PayPal. brought huge wealth.

Now that PayPal has been acquired by Amazon's competitor eBay, Ye Dongqing feels sorry for this. In general, except for the disadvantage of higher fees, PayPal is a relatively good online payment tool. Currently, Amazon can only bind it through The procedures for purchasing with credit cards and debit cards are a little more troublesome.

Customers of Freshwater Fund can naturally invest with credit cards or debit cards from various banks. Mr. Alfred smiled and shook his head and said: With such a high rate of return, it is surprising that there are not many investors. As long as you are willing to spend money to invest. Advertising, even if you want to put your company advertisement on the wall in Times Square.

It is almost completed, but it is best to find a specialized company to build an enterprise-level electronic customer management system. I suggest you ask Oracle or Salesforce. The latter's charges are more reasonable, and the products are said to be quite good.

Really? I didn't consider this before. I will ask someone to contact these two companies to ask.

Our company also needs a set. We don't need it yet. I will tell you when it is needed. However, we do have some business that needs to be contacted by Oracle.

Making an OK gesture, Ye Dongqing stood up from the computer and said, It's really a headache to deal with all kinds of things. You can decide by yourself if you think it's necessary. Just let me know after contacting you. As long as it's beneficial to the company. It's impossible for me to disagree with you.

Now that secretary doesn't know anything. It's almost time to find someone more capable to help me. When he has time, make a list of the problems that must be solved now and send them to my mailbox. Christmas is only a few days away. Can you Put off the ones that are delayed for a few days first, and the rest will be solved slowly next year.

Let’s take a look and understand the situation. It feels terrible to have Ye Dongqing stay at Facebook from morning to night. After all, he can’t help with anything except paying. Even interviewing employees requires help from others. Come and test the depth.

Fortunately, as a boss, you don't have to do everything yourself. As long as the people under your control can produce products that satisfy him, everything is easy.

As for Miss Laura, now she is more like Zhao Liuli's nanny than Ye Dongqing's secretary.

She was only an eighteen-year-old high school girl, and most of her peers were still studying in school. Ye Dongqing didn't expect her to be very outstanding, but he was satisfied that she could help take care of the girl.

By the second half of next year, if nothing else happens, Laura will enter a certain school. She has almost saved up enough for college tuition. During her promotion some time ago, she attracted several big investors and received a lot of commission bonuses from them.

Those who eat Ye Dongqing and live in Ye Dongqing usually have almost no expenses. Recently, they even look at cosmetics. Unfortunately, their makeup skills are really bad and they often hide in front of the dressing mirror to ponder.

She is no longer a poor girl who is so poor that she takes risks on a dead end. Ye Dongqing doesn’t know how far she can go in the future, but she hopes that after entering college, Laura will choose a major related to business management, so that she can stay by his side to help in the future. , not to mention how much wealth you make, it is not easy to starve to death.

After getting in the car and driving for a while, when we were approaching the building where Tamsui Fund Company was located, we unexpectedly heard a siren sounding from behind the car. My heart skipped a beat, and I slowly parked the car on the side of the road with a sense of luck.

Muttering to himself, Don't check my driver's license. After Ye Dongqing got out of the car with a vigilant look, a policeman also got out of the car and walked towards him.