Even so, most of the fund products of 5S Asset Management still suffered varying degrees of losses along with the stock market crash.
Through Yinhai Weibo, Su Yehao once again posted a post, in which he wrote that short-term risks do not affect medium- and long-term benefits, and the economic fundamentals are still quite good, and suggested that people choose the appropriate time to buy his fund at the bottom.
Last year, mainland China's GDP broke through the RMB 10 trillion mark for the first time, and the economic growth rate remained at about 8%. The overall stock market rose not too much, but the stocks Su Yehao selected were relatively good and outperformed the market with eye-catching data.
Private equity funds, in particular, have invested in several companies in the form of private equity investment, including China Merchants Bank and Jinling Bank, which have been listed, and have achieved very good results.
Some products use profit sharing to help him earn a profit, with the total profit being approximately more than 300 million yuan.
Advising people to buy the bottom will inevitably be ridiculed by many people. Su Yehao has long been accustomed not to read other people's comments. In the end, facts will always prove that he is right, and those who disagree with him are fools.
In this case, why bother caring about the opinions of fools.
There are so many potential investors, it is enough for him to just grab some of them.
The total assets of 5S Asset Management Company in the mainland have exceeded the RMB 75 billion mark, ranking first among its peers in the mainland.
Including branches opened in the Middle East, Japan, the United States, Europe and other places, the total scale has reached 13.5 billion US dollars. With this scale, it is not too bad even on Wall Street.
The old stock god avoids technology stocks and focuses on the value investment logic of traditional enterprises, while Su Yehao, the small stock god, is becoming more and more famous. He just takes a different route from Buffett and mainly invests in the Nasdaq market.
As Nasdaq begins to recover, the number of American users purchasing his funds has begun to increase recently. When I go to Washington, New York, Los Angeles, San Francisco and other rich cities, I might be able to attract billions of dollars back.
The average profit in the asset management industry is not high, and is even lower than many traditional industries with fierce competition. It mainly relies on scale to make money. The advantage is that it uses other people's money to benefit itself, and it guarantees income during droughts and floods, and there is basically no risk.
The reason why Su Yehao paid attention to 5S Asset Management again and wanted to make it grow as quickly as possible was mainly because he had not made any gains in the oil futures market, so he was thinking about ripening cash cows...
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Because of the epidemic.
Two hearings originally scheduled for the beginning of the year were postponed.
In Hong Kong City, officials are still reducing the number of gatherings, but things at Bauhinia Polytechnic cannot be delayed forever, as variables are prone to occur.
Su Yehao felt that reducing the debate would save time, so he proposed to launch an online voting.
The school plan has been in production for several months and has become relatively mature. It was distributed to all the representatives to read, and the plan was released through the media for discussion. Compared with the scale, construction period, school running plan, etc., ordinary people are obviously more interested in the European-style campus concept map.
interest.
The shape of the library is similar to that of Chambord Castle in France. In order to save land, the teaching building has the flavor of the Houses of Parliament in London, England. When completed, it will become the largest Gothic building in the world. With modern construction technology, it will not cost much to build.
trouble.
Su Yehao's plan was so conscientious. How could the higher-ups be reluctant to take out a piece of wasteland? Therefore, the results of the online voting were overwhelmingly passed, and the rest only needed to go through the process.
Over there in the casino.
The plan for King Crab Island is also newly released. It is expected to be about seven square kilometers of land reclamation. It will be surrounded by an oval-shaped dam and have an island shaped like a king crab in the middle.
Since there is an airport to the east, it will inevitably be affected by noise, so the designer planned it on the sea at the southern end of the casino.
On the six long claws, villas are planned to be built in the future. On the two claws are the casino and Su Yehao's private residence respectively. The crab body is mainly used for leisure and entertainment, shopping, hotels and low-density residential buildings. Even the oval embankment has been used to prepare
Develop residential areas.
People have always regarded Su Yehao as the richest man in Hong Kong, but his registered residence is still in the casino city. This status comes in handy, at least he is not a foreigner, and he can shout slogans to revitalize the casino tourism industry.
In order to gain the support of local people, he even planned to build 2,000 rental apartments on a circle of embankments. He announced that they would be provided to local residents in the casino at prices below market prices to relieve the rental pressure of young people and provide
Plenty of high-paying job opportunities.
When the time comes, local people will also be able to enjoy certain discounts when buying houses.
In order to avoid being peach-picked, the total investment scale was claimed to be more than 10 billion US dollars in an attempt to scare away other potential investors. In fact, it only requires about 5 to 6 billion US dollars.
The area of about seven square kilometers is almost three times the total area of Pengcheng Sihai International Cultural Tourism City. The population of the casino city cannot use so much land. Potential buyers are mainly Hong Kong cities, the mainland, as well as Southeast Asia, Japan and South Korea.
of rich people.
In this matter, Su Yehao played a trick.
With the current house price of seven to eight thousand Hong Kong dollars per square meter in the casino, it seems that everyone will be able to afford it easily by then. However, the problem is that the increase in local house prices is likely to increase significantly in a short period of time with the rise of gaming tourism.
Therefore, it seems that good things that everyone can benefit from may turn out to be good things for Su Yehao in the end, and a large part of the profits will flow into his own pocket.
This is understandable. The original intention of developing King Crab Island was not charity. Moreover, the tourists it attracts will also bring economic benefits. It can indeed help many local people and will pay taxes in the future.
As soon as the design was released, it immediately aroused widespread attention around the world. It really made the casino addicted to being a star, and all kinds of news flew everywhere.
Some people say that it is somewhat similar to the Palm Island plan. The concept is indeed similar, but one is a plant and the other is an animal, which directly crosses species.
What's even more outrageous is that Su Yehao had already anticipated this turn of events and hired the chief designer of Palm Island as a consultant.
The ideas come from the same brain, so it's normal to have some similarities.
When Su Yehao went out to visit his son on Baijiadao, he took advantage of the little boy's lunch break to bully Nong Qingying severely.
Satisfied Nong Qingying, who had just finished taking a shower, asked while touching up his lipstick: "There is a lot of noise in the newspapers, how sure is your big crab island of success? If it can be built, I will take this house to follow
Change it to the one on the island, it looks so interesting."
Su Yehao replied:
"There should be no problem, but the developers in the casino are worried that the land they bought before will fall into their own hands. I plan to divide them and bring in a few powerful companies. The rest will be useless, and even