My Age of Investment

You can search "My Investment Times Sou Novels ()" in Baidu to find the latest chapter!

"As of yesterday's close, Lixia Fund held a total of 21 companies' stocks in the US and Hong Kong stock markets, with a total market value of US$1.415 billion."

Liu Hai smiled and pressed the PPT controller in his hand, and a form immediately appeared on the large electronic screen in the meeting room.

Through this table, you can clearly see the detailed positions of Lixia Fund, including the market value of each stock's position, the proportion of total equity and other data.

Apple has 4 million shares, with a market value of 266 million US dollars, accounting for 0.68% of the total share capital;

Google has 630,600 shares, with a market value of 238 million US dollars, accounting for 0.23% of the total share capital;

Penguin 43.68 million shares, with a market value of 764.4 million Hong Kong dollars, equivalent to 98.56 million U.S. dollars, accounting for 2.6% of the total share capital;

Baidu has 1.2 million shares, with a market value of US$92.04 million, accounting for 3.4% of the total share capital;

Amazon has 3 million shares, with a market value of US$85.53 million, accounting for 0.6% of the total share capital;

Netflix has 2 million shares, with a market value of US$40.76 million, accounting for 3.16% of the total share capital;

...

The top six major holdings accounted for more than half of the total stock positions held by the fund, reaching 820 million U.S. dollars, and the other nearly 600 million U.S. dollars were scattered among 15 other stocks, including Nvidia, Salesforce, Mastercard and more.

In order to take care of Ricky who doesn't understand Chinese, Liu Hai began to introduce each stock to Xia Jingxing in English.

"Apple, we started to build positions in May last year. The cost of holding positions was 45.62 U.S. dollars. At present, we have made a total profit of more than 80 million U.S. dollars. It is our largest heavyweight stock."

Liu Hai looked at Xia Jingxing with admiration in his eyes.

Last year, after the Lixia Fund made a lot of money from investing in Chinese concept stocks, Xia Jingxing instructed him to liquidate all the positions and invest all the profits in US technology stocks.

At first, he was a little unwilling, because the Chinese concept stocks are really too fragrant.

NetEase has risen dozens of times a year, Shanda and Sina are also surging upwards, Baidu's stock is even more reluctant to sell, and it is hard to find a stock...

Under such a good situation, the boss would decisively choose to make a profit and exit to buy American technology stocks whose share price is climbing like a snail, which made him very puzzled.

But this year, the situation has reversed, and Xia Jingxing's foresight has been fully verified.

Sina, NetEase, Sohu, Shanda and other big bull stocks have completely stopped rising. Many hedge funds investing in Chinese concept stocks have suffered a sharp retracement. Only the Lixia Fund managed to keep the fruits of victory.

At the same time, Lixia Fund has caught up with this round of rise in US technology stocks.

Among them, the biggest increase is Google, which has increased by a full four times.

At first they only invested 30 million US dollars in Google, and gradually increased the proportion of their holdings last year, but the profits have not yet been reflected.

To be honest, he wants to cash in part of the profits, because Google's market value has hovered around 100 billion U.S. dollars, and it seems that it has reached the peak and cannot climb for the time being.

Xia Jingxing looked at the trend of Apple's stock price released by Liu Hai. From May last year to August this year, Apple's stock price fluctuated somewhat. It first rose from 30 US dollars to more than 80 US dollars at the beginning of this year.

At this time, Lixia Fund did not choose to cash out part of the profits in time, mainly because he couldn't remember Apple's stock price trend in a certain year and a certain month.

Since the beginning of this year, Apple's stock price has fallen all the way, from more than 80 US dollars to as low as 50 US dollars, which is close to half.

In this process, they did not choose to sell, but chose to continue to increase their positions.

With the addition and addition, it became the largest holding stock, accounting for nearly 20% of the Lixia Fund's position.

Generally speaking, investing in Apple has made money. The absolute book profit is as high as more than 80 million U.S. dollars, but the investment cost has reached 118 million U.S. dollars. The return rate is not high, less than 50%.

This result is completely incomparable with the return rate that was several times in the past.

Even Google, whose share price has risen fairly well, reached more than $400 last year, but fell back to more than $300 this year, making the fund not only make no money, but also give up a lot of profits.

The worst thing is Amazon. Since the investment, it has been falling and falling endlessly. It has not made any money and has lost a lot.

"We started to build a position in Amazon in March this year, and the cost of holding a position was 35.53 US dollars. Now Amazon's stock price is 28.51 US dollars, and the loss has reached 21 million US dollars."

Hearing Liu Hai's report, Xia Jingxing scratched his head. It was also at his behest that the Amazon storehouse was built.

After Liu Hai led the team to investigate, it is not recommended to buy at this time.

And he was worried that he missed the opportunity to buy Amazon's bottom, and it would be too late if the stock price took off completely, so he insisted on Liu Hai executing the buy order.

Originally, his opinion was to buy 200 million U.S. dollars, but after being discouraged by Liu Hai, he changed to buy about 100 million U.S. dollars. Otherwise, the loss may be 40 to 50 million U.S. dollars.

After this incident, Xia Jingxing also found that there were fewer and fewer things he could rely on in stock trading. Unless it was a major financial event such as the subprime mortgage crisis in 2008, which he remembered clearly, otherwise, short-term investment judgments at other times would still be difficult. Really not necessarily comparable to professionals.

After Liu Hai introduced the situation of the previous few heavyweight stocks, he finally talked about Netflix.

For this investment, Liu Hai couldn't understand it.

"Netflix" is composed of two words: net (network) and "flicks" (movie), so some people translate the company name as "Netflix".

Liu Hai said: "Although Netflix's name is related to the Internet, its actual business still has a traditional side. People rent CDs through its website...

Now that Hulu Video is born, it has also reached a copyright cooperation with the five Hollywood giants. In the future, people will not need to rent CDs through the Internet. They can watch any movies and TV series they want to watch at home through the Internet, and even watch variety shows and sports events.

On the day you announced the launch of Hulu Video, Netflix’s stock price plummeted by more than 10%. The impact on them can be seen.

So far, we have still made a small loss on this investment.

If Hulu Video develops, Netflix will be the first to fall. "

Xia Jingxing nodded first, then shook his head again.

"Your point of view is very correct, but there is one place that is still shallow."

Liu Hai smiled and didn't say anything, knowing that the boss had more to say.

Xia Jingxing continued: "Netflix is ​​the first company to launch online rental video discs, and the founding team still has a certain level of understanding of the Internet and how to solve the industry's pain points.

At that time, the largest DVD rental company in the United States was Blockbuster, a giant with 9,000 stores and 60,000 employees across the United States.

In the face of such a big enemy, they were able to turn that small website into a listed company and make a profit. Their ability is definitely above the level. "

Liu Hai nodded slightly, there was nothing wrong with that.

Netflix was established in 1997 and went public in 2002. Its profitability has been improving year by year, and its market value has reached more than one billion US dollars.

In any case, this is a successful and inspirational entrepreneurial case.

Xia Jingxing is well aware of how good Netflix is ​​at transformation, and the founder's vision is also very forward-looking.

"Let's talk about their products. In 2000, Netflix developed a movie library system that can intelligently recommend movies according to members' preferences.

This year, in order to improve its intelligent recommendation system, Netflix held an algorithm competition around the world. The winners who can optimize their own system will receive a $1 million prize from Netflix.

Such a large bonus has attracted technology experts from all over the world to join in the fun.

What is reflected behind this is Netflix's emphasis on technology and user experience.

In the face of such a company, although Hulu Video is a step ahead, it is really not sure that it will win. "

Xia Jingxing pursed his mouth. In his previous life, Hulu Video was established first, and was backed by giants such as News Corporation and NBC Universal. What happened, he was still overtaken by Netflix in a corner.

Can this kind of company be simple?

Liu Hai nodded, "That's true. When you said that, I remembered a few interesting things I discovered when I was researching Netflix some time ago.

In 2000, Netflix tried to send movies to home terminals through the Internet, but due to bandwidth limitations at the time, it took 16 hours and $10 to download an ordinary movie, so it failed.

Since then, Netflix has even developed a set-top box with network transmission capabilities, which was eventually axed by founder Reed Hasjens. "

Xia Jingxing nodded, this brother's plan was also used by Chen Tianqiao.

It's just that due to the current technical limitations, high cost, or poor user experience, these plans have never been successful.

"Jing Xing, you said that the founding team of Netflix has such a sense of innovation and a sense of crisis. Could it be that they have already secretly developed a streaming service?"

Liu Hai's words reminded Xia Jingxing that this might be quite big.

It is impossible for Hastings and the others not to see the potential threat of Hulu Video to Netflix.

"Whatever it is, if they launch a streaming media service, they can buy some Netflix shares depending on the situation. Anyway, my share in Hulu Video is less than 7%. Maybe it's better for Netflix to win this victory."

As he talked, Xia Jingxing laughed to himself. He bet on both sides, no matter what, he would never lose. When the time comes, he will be mad at Lei Shidong and his gang of grandchildren.

The latest chapter address of My Investment Times:

My investment era full text reading address:

My investment era txt download address:

My mobile phone reading in the investment era:

For the convenience of reading next time, you can click "Favorite" below to record the reading record of this time (Chapter 715, those grandchildren who are mad at the gangsters), and you can see it next time you open the bookshelf!

If you like "My Investment Times", please recommend this book to your friends (QQ, blog, WeChat, etc.), thank you for your support! ! ()