Chapter 107 January 10%, financial scale up to 250 billion (Ch 107)

The closed period of a fund is generally three months.

Buying, selling and conversion are not open for three months.

After the three-month closed period, you can buy, sell, or convert normally.

The accumulation period is generally 6 months.

The fund prospectus states that the fund manager will ensure that the fund investment portfolio ratio complies with the provisions of the fund contract within 6 months of the fund contract taking effect.

For example, stock funds need to increase the funds invested in stocks to 80% within 6 months!

The period of building a position depends on the fund manager’s own preference.

Some fund managers make big moves and build up positions quickly.

Even during the three-month closed period, the fund’s net value fluctuates greatly.

Some fund managers have their own pace and slowly buy and build positions.

During the three months of the closed period, the fund’s net value basically did not fluctuate, and it was not even updated because there was no gain or loss!

The closure period of ‘Xinghai High Quality Essence’ is only one month, which is not too long.

Li Mingjie got the “magic trick” from his boss.

It is certain that it is a bull market now.

Naturally, there is no need to build up a position slowly.

He chose to build a position quickly!

Start building positions from the stock pool given by the boss.

Of course, it’s not about buying in bulk…you have to control your own pace.

But what is certain is that in the current market conditions, coupled with the 10 billion yuan in Li Mingjie’s hands, he will continue to buy.

The products listed by Li Yi will definitely have a strong trend!!

“What kind of magical fund is this? It has a 1% increase in just three days after purchase?”

“Other funds bought for half a month or a month, but there was no movement at all!”

“It’s rising again…”

“Brothers, are you here to see Manager Li again?!”

“Manager Li is awesome! The price has gone up again!”

“Can you believe I never fell?”

“The net worth is updated every three days. I am so anxious waiting!”

“Manager Li builds positions very quickly!”

“In one week, the increase was 7%!”

“Geneva, I haven’t even gotten on the bus yet and the collection period has already ended? Open it up to me now!”

“It’s too late. We have to wait until it opens in a month!”

“Manager Li has inherited the true teachings of my classmate Li Yi. He builds positions quickly and achieves high gains!!”

“Isn’t this a case of insider trading?”

“The overall market is just going strong right now. If you buy anything, the price will go up. What’s there to be proud of?”

“…”

Li Mingjie quickly built a position.

The fund was updated once a week in the beginning and then once every three days.

I will start updating every day from now on!

For ordinary funds, there is basically no increase during the three-month closed period.

Li Mingjie’s stock price was closed for one month and it rose by 10.3%!

This is just a one-month accumulation period!

Even without spending 10 billion yuan, there was a 10.3% increase!

To be honest, this increase has far exceeded everyone’s expectations.

Because after Xinghai Investment acquired Jinxin…Jinxin’s two funds were only worth tens of millions.

Even a fund of more than 10 million yuan would only be worth tens of millions if it increased by more than 100%.

Compared with the current fund size of over 10 billion, the difficulty of this operation has increased by more than 100 times! !

Buy the fund ‘Xinghai High Quality Selection’.

Many people initially think that just beating the bank interest rate will be enough.

I would be very satisfied if there is a 10% increase in one year!

If there is a 20% increase, it will be a big profit!

Isn’t this more stable than trading stocks on your own?

I never expected that I could achieve a 10% increase in just one month of position building!!!

“A 10% increase in one month, who else?!”

“Awesome, Manager Li!”

“It’s finally open for buying, hurry up and buy!”

“I bought it for 50,000. Is it too late to get on the bus now?”

“Damn it! Your purchases will affect our net worth!”

“All in! All in!!!”

“I’m very curious about how big the Xinghai High-Quality Select Fund will be?”

“You haven’t updated your holdings and the latest fund size yet?”

“You don’t have to update your positions during the closed period…”

“The closed period has passed, and the quarterly report should be issued. I should be able to see the holdings in the next half month!”

“The new fund issued a shitty quarterly report!”

“I’m curious about what stocks Manager Li bought?”

“Golden Flower Technology should have it, right? This stock hit the daily limit a while ago, and the net value also rose sharply during that period!”

“Li Yi also likes ‘Golden Flower Technology’ very much. I think he bought it…”

“…”

New fund products will be announced within 15 working days after the end of the quarter.

Investors can only wait until the quarterly report is released to view the fund holdings.

Moreover, the regulatory authorities stipulate that if the fund contract has been in effect for less than two months, the fund manager may not prepare the current quarterly report, semi-annual report or annual report.

Xinghai Quality Selection has only been in operation for one month, so it does not have to publish its quarterly report and holdings!

However, Xinghai Quality Selection still chose to publish its own quarterly report!

Users who purchased the ‘Xinghai Quality Selection’ fund on major platforms.

You can see the fund’s holdings information, capital information, etc. on their respective platforms.

“The top ten holdings: Jiangxiang Technology, Wuliang Liquor, Guojin Securities, Xingshang Securities… As expected, there is ‘Jinhua Technology’!”

“Manager Li’s stock building speed is really fast. In just one month, 7 billion yuan has been invested in the top ten stocks!”

“Among them, Jiangxiang Technology holds more than 1.2 billion… Doesn’t it say that a single stock cannot exceed 10%?”

“Damn~ Look at the size of the fund, it’s already 25 billion!”

“You ‘newcomers’, in just 20 days, you bought in over 15 billion in funds?!”

“Are you trying to keep Manager Li busy to death?”

“The scale of ‘Xinghai High-Quality Selection’ exceeds 25 billion. Among so many funds, it can be considered as one of the best, right?”

“Manager Li became famous in one battle!”

“He has inherited the true teachings of my classmate Li Yi… Look at the holdings, most of them are stocks that my classmate Li Yi has bought!”

“I’ve discovered the code to wealth. Just buy these stocks!”

“…”

In fact, this is indeed the code to wealth.

This year and next year will be a bull market.

You can make money by buying these stocks and leaving them there.

Of course, if you continue to trade during the callback phase… you will still lose money in the end.

The best thing to do in a bull market is to do nothing.

A scale of 25 billion.

Even if you do nothing, you can receive more than 500 million in management fees every year!

2% management fee, 0.25 custody fee!

The 2% management fee of Xinghai Quality Selection is relatively high among many funds, or even the highest!

Ordinary funds are generally 1.5%!

Some people complained about this before, but after seeing the performance of ‘Xinghai Quality Selection’ during the one-month closed period, no one said that the management fee was high.

…

“Clear all the stocks of ‘Golden Flower Technology’ and buy Xiaguo Water Conservancy…”

By the sea.

Xinghai Investment Company.

The outside world sees the public positions of ‘Xinghai Quality Selection’.

You can only see the top 10 heavily-weighted stocks.

And it was a position held about 10 days ago.

Li Mingjie has adjusted many of his positions.

‘Jinhua Technology’ has experienced a wave of continuous daily limit increases. The boss said in the ‘meeting’ that the stock might fall to the daily limit after a correction, so of course he had to run away!

Then buy water conservancy.

More than 370 billion yuan will be invested in water conservancy infrastructure this year and next year, which is a major positive.

The boss called a meeting and asked us to buy stocks.

A few days ago, ‘Xinghai Premium Selection’ was opened for buying and selling… and there was basically no selling.

These are all applications for buying funds!

In just 10 days… the fund size of ‘Xinghai Quality Selection’ has increased to more than 25 billion!

I believe that we will be able to reach 30 billion in a few days.

Li Mingjie has communicated with his boss and has decided to limit purchases when the funds reach 30 billion.

Although the more funds you manage, the more management fees you will be charged.

This is all money!

But it is also troublesome to manage.

no need!

We will recruit fund managers later and then launch new products.