Wall Street Legend

The recent purchase of a house, a car, and a change of office space can help Ye Dongqing improve his quality of life to a higher level and lead a life that is the envy of most people.

It's not the top one, but it's more than 99% of the people in New York. The house costs more than six million dollars, and it's located next to Fifth Avenue, which is enough to make many New Yorkers look up and envy them.

Compared with living in a dilapidated rental house two months ago, the next step is the beginning of comfortable days.

Buying a house or a car may seem like a big expense, but in fact you only need to pay a part of the down payment, and if you buy it in the name of a company, you can get a tax deduction. This is similar to leverage in the futures field. You can get a house by paying part of the money. You can earn more when it goes up, and you will lose more when it goes down. Calculated from the perspective of purchasing power, taking inflation into account, New York House prices have not fluctuated much over the past century.

After two people work for a few years, they can almost buy a decent house in a remote area of ​​New York. Of course, they need to save money desperately during this period, and the salary cannot be too low. The pressure is relatively high, but not to the point where it can crush people. Social welfare provides them with many guarantees, such as medical insurance, unemployment insurance, relief funds, etc., which reduces people's worries.

Ye Dongqing is not an ordinary person.

Life is so boring, and there is not much to worry about except money. Thinking about how to make money all day long has really made him a lot of money.

Courageous and smart, people who never like to keep their thoughts in their mouths deserve to be rich.

Calculating his net worth, he is still far away from becoming a billionaire, far from reaching the peak of his life. In the next few days, he circled around the company and got the crude oil futures order agreement. He temporarily changed his mind and bought more than 16 million US dollars. , four percent margin, twenty-five times leverage.

So far, with the increase in oil prices, a small profit of more than 4 million US dollars has been made, and the Nasdaq market has not lived up to its expectations, bringing in nearly 5.5 million US dollars in book wealth in three days.

The reason why I say I am disappointed is because Mr. Kanak is representing Tamsui Fund Company and discussing with representatives of several investment banks and securities firms about buying warrants of several Internet companies from them. A rise in stock prices is naturally a good thing, but it is a pity that the price rise The timing is wrong.

In addition to the half-dead Apple, after the stock prices of listed companies such as Amazon, Netflix, and eBay rose, investment banks and securities firms also increased their prices. They set a premium based on a certain value, and then set the warrant price, which is equivalent to taking advantage of them. Acquire on hand, but pay only a small fraction of the money.

It doesn't matter whether you actually buy the warrant after it expires. It's more like gambling with securities firms, investment banks and other institutions. If the stock price falls, the other party will make a profit. If the stock price rises significantly, these securities firms and investment banks will lose a lot of money. Profits that could have been put into his own pocket.

From a risk control perspective, given the current downturn in the Internet industry as a whole, selling warrants at a premium of 10% to 15% is a relatively good deal for them.

After all, except for Ye Dongqing, no one knows what the future world will look like, and no one knows that the bottom is now. The Nasdaq index will skyrocket for more than ten years. Already, companies including Merrill Lynch, Morgan Stanley Morgan Stanley, Goldman Sachs, and even Fidelity Investment Group are all interested in the warrants proposed by Kanak.

Apple was the worst company. They were willing to sell it at no premium, and the share was so large that Ye Dongqing couldn't eat it and could only stare.

Considering the speed at which Tamsui Fund raises funds, he can only take his time one by one and pay a very low percentage of deposits. The longer the agreed delivery time, the better. Even if the premium is higher, it doesn't matter. This will leave time for him to Raise more money and buy this part of the stock directly when the time comes, at the low price agreed upon now.

Facebook is an entrepreneurial side, while the Freshwater Fund side is Ye Dongqing. In order to be able to rest and eat for the rest of his life, Ye Dongqing desperately took the opportunity to buy low-priced stocks and prepare to hold them for a long time. It is not yet time to enjoy them, but he has already taken the initial steps during this period. Basically, just develop according to the current model.

Borrowing investors' money and playing crazy arbitrage with leverage, Ye Dongqing played his own little game without having too much contact with his peers.

In fact, Freshwater Fund Company and himself have slowly become famous in the circle recently.

The gambling agreement with Edward Jr. made many people hear the name of him and Freshwater Fund for the first time. Later, he made a lot of money through crude oil futures and disclosed his assets to the Securities and Exchange Commission. The news spread through everyone's mouth. Mainly concentrated on Wall Street, many people have heard that a young Chinese guy who was still in high school made a profit of 40 to 50 million US dollars in just over ten days.

News on Wall Street travels very fast, and many people rely on this news to make a living.

Don't look at people often saying that there are people on Wall Street who started from scratch and became so rich and earned so much money, but they are only rare. From a basic point of view, there are more millionaires and fewer who earn tens of millions of dollars. Fifty million US dollars is another concept.

Considering that the deadline had passed, Edward Johnson Jr. kept silent about the outcome of the bet, as if there was no such thing, and people had already speculated about the bet.

I felt that the little guy named Leo probably won, but I don't know why I didn't dig deeper and let little Edward cash in on those embarrassing bets.

In the financial world, it is difficult to make a fortune quietly. In addition, in order to show one's own strength, there is no need to hide unless the source of the funds is unknown.

Only by making investors think that they are powerful can they obtain more investment. This is the truth pursued by fund managers. Occasionally, parties held among peers often turn into showing off to each other, especially at parties of the rich.

today.

Ye Dongqing unexpectedly received an invitation letter, inviting him to attend a party hosted by Ms. Johnson of the Fidelity Investment Group at the Waldorf Astoria Hotel tonight. This kind of invitation letter should have been sent to the guests a few days in advance. The only explanation is Someone wanted to invite him to attend on an impromptu basis, but it was unclear whether it was little Edward's idea or his mother's.

At first I didn’t want to go, but later I felt I didn’t have to worry about anything, and came up with the idea of ​​attending the party. Otherwise, I would be bored between home and work all day long, and I wouldn’t be able to expand my network of contacts.

After thinking for a while, he waved Laura over. They were currently in the newly purchased house in Puchuan Building. Up above was the home of the New York real estate tycoon who would occupy Washington in the future. Ye Dongqing and his family became Neighbor.

Tell Laura: "There is a party tonight, or you can go to it with me. I still need a female companion. I will take you to buy a dress later and get a haircut by the way. I also need to cut my own hair. OK?"

Of course Laura had no objection to this kind of thing where you can eat and play, and asked curiously: "Whose party is like the high-end party on TV?"

"Absolutely. Drinking and chatting will definitely be boring. You don't have to go if you don't want to."

"Don't! Who said I don't want to go? The parties I went to before were just like a bunch of crazy people having fun. I've never been to a formal party like that!"