Chapter 116 [More somersaults, buy a big A (3500 months)
At 8:30, Lu Ming left his office and went to the company's internal conference room to host today's morning meeting. Li Mingyang, Qi Wei and others were also present.
"The 2638 point at the end of last month should be the historical bottom. At this point, there is no way to fall, but to rise. After a month of continuous decline, the risks have basically been released, and it is time to enter the market in a big way." Lu Ming
He looked around at everyone and said.
Li Mingyang and others couldn't help but get excited after hearing this. Bo SS's opening remarks were very direct. He no longer was bearish on the market, but was bullish on the market.
The participants present were convinced of his judgment, and the transformation of the wave to SS somersault was very authoritative.
There is no way, Bo SS's judgment on the direction of the capital market is horribly accurate. He was bearish at the beginning of the year, but the result was a flash crash in one month. The market was driven from more than 3,600 points to more than 2,600 points, directly killing thousands of points. The previous ones
Not to mention the impressive record.
"The main theme in February is one word: buy! Buy, buy, buy, buy!" Lu Ming glanced at Li Mingyang, then looked around at several other fund managers and added: "It is recommended that the funds you manage can reach full positions."
Several fund managers who run passive index funds nodded.
Lu Ming looked at Li Mingyang again and said: "Tiansheng Value Growth Mix's investment portfolio and positions will undergo major adjustments. The current fund size has reached 37.8 billion, with 24.5 billion in currency holdings, and the positions are 95% full.
With such a large amount of funds, the secondary market is too slow to sweep up, so we need to use bulk trading channels."
Having said this, Lu Ming opened the folder he brought, and then added: "Haitian An's Mao Wulu, these five tickets will fill the position."
Upon hearing this, everyone discovered that Bo SS was really obsessed with these five tickets. It seemed that the reduction in positions in December was just a big T. After the market stabilized, the arrangements were finally made clearly.
Core assets are core assets.
These five full positions account for 50% of the Tiansheng Value Growth Mix positions.
Lu Ming continued: "The remaining positions are allocated to Hikvision Microvision 9%, Zhaoshang Bank 8%, Shandong Gold 7.63%, Yili Shares 7.3%, Hengrui Pharmaceuticals 3.3%, Longji Shares 2.2%, Yiwei Lithium
Neng 2%, Xiamen Tungsten Industry 1.7%, Ganfeng Lithium Industry 1.5%, Huayou Cobalt Industry 0.92%, Tianchi Materials 0.85%, Beifanghua Chuang 0.6%, there are 17 targets in total, accounting for 95% of the total
The position is full. Adjustments will begin today, adding positions that should be added, reducing positions that should be reduced, and closing positions that should be closed."
Li Mingyang took all the notes and nodded at the same time: "Understood!"
Tiansheng Value Growth Mix currently holds 30% of its stock positions with more than 40 targets, and more than half of them are miscellaneous. To put it bluntly, Lu Ming’s institutions were doing ultra-short-term arbitrage during this period. The entire January was through short-term speculation and arbitrage.
Seeking to make money, the main thing is to resist the decline and control the retracement.
If we only reduce our positions and do not engage in speculation, 30% of our stock positions will collapse within one month, and the retracement will be fifteen or six points.
Among the top ten holding stocks of Tiansheng Value Growth Mix after adjustment, BYD and Zhongguo Ping An were eliminated and their positions were cleared directly.
This is not to say that these two stocks are not good. Looking at the five-year long-term cycle, they are definitely big bull stocks. Even Ping An has tripled in five years based on the restoration of rights.
BYD is also a big bull stock that has quintupled in value in the next five years, but it has been on a roll this year and has fallen sharply by about -22% in 2016. Naturally, Lu Ming would not take over the market even if he knew it was plummeting.
, when the killing is almost done, go back and do it hard.
Lu Ming's value investment is not about holding on, it is also about T, but it will not be a daily level T, but a quarterly or even annual level big T, and it is trend trading.
Similar to the year-round bear market in 2018, when all white horse stocks were cut in half, it is natural to avoid it, become a super big T at the annual level, and then go to take the meat after the killing.
As a patient with obsessive-compulsive disorder, Lu Ming pursues the net value curve of Tiansheng Value Hybrid Fund to follow an upward channel with an angle of approximately 45% and cross the bull and bear markets. The amplitude of the channel range is controlled at around 15%, which is the maximum career drawdown control.
Around 15%.
It was almost nine o'clock in the morning, and the morning meeting was over. Li Mingyang and other fund managers were preparing to open positions and buy stocks, but Qi Wei stayed. He is the person in charge of the overseas Born Global Vanguard Hybrid QDII Fund and Tiansheng QDIE Fund.
First executor.
Lu Ming of two external funds also put his name on them, but he does not monitor the night market. Monitoring the market is basically what Qi Wei has been doing.
Lu Ming ordered crisply: "Starting today, we will switch to long positions. All short crude oil orders in QDIE's hands will be closed, including those put options."
Starting from mid-to-late December last year, the QDIE fund began to switch from long to short, taking profits from both long and short. Some time ago, it transferred 5 billion US dollars back to the country, which is equivalent to recovering the principal of the previous overseas investment. Now it is doing external trading.
Funding is equivalent to making profits.
This wave of short-selling layout brought Tiansheng QDIE a profit of US$8.385 billion.
In Bitcoin trading in the past month, I have been buying, buying, buying, and buying in various ways every trading day, but so far I have only bought and held less than 1 billion U.S. dollars. There is no way, the trading volume of Bitcoin is now low.
It is far from the daily trading volume of billions or tens of billions of dollars in three to five years.
Lu Ming doesn't plan to spend his own money to mine. Mining? Haha...
Qi Wei nodded and asked: "How much funds are prepared to go long in crude oil?"
Lu Ming thought for a while and replied: "Let's do 5 billion for crude oil. Bitcoin will continue to attract funds. In addition, we mainly do these types of products... Nvidia, AMD, Tesla, Netflix, Google, Facebook, Induwa
Data, Onike, Iminda Gene Sequencing, SJX..."
Qi Wei wrote down the memos one by one. Basically, they were all high-tech companies and the facade of the US stock market.
Lu Ming added: "U.S.$10 billion is long on these targets, and another $3 billion is used to make call options on them."
Qi Wei nodded again. He didn't know what to say about Bo SS's unilateral operation, which had almost no hedging tools to avoid market risks. The risk was so explosive that it would return to zero if it got out of hand.
But as long as you do it right, there is no doubt that the profits will be explosive. The US$5 billion Tiansheng QDIE Fund went overseas has already made more than US$60 billion in profits in less than five months, which is comparable to
Called the Wealth Harvester.
This kind of money-making ability has already overtaken Apple. Apple's annual profits are about 40 to 50 billion US dollars, but how big is Apple? Tiansheng Capital currently has less than a thousand employees and is responsible for the management team of the QDIE fund.
With only fifty employees, the wealth created can exceed the profits of a company as big as Apple.
This is the charm of financial capital, the art of harvesting wealth.
"Tiansheng Global Vanguard Mix has also reached the final opening date, so we will go long on the above-mentioned stock varieties as normal." Lu Ming explained again that the investment scope of QDII funds is relatively small, mainly long stocks, and other high-risk stocks.
The game is not allowed to be played.
After all, QDII funds are funds purchased by non-specific groups, that is, the general public, and focus on stability.
…
(Ps: This is the 27th consecutive daily limit redemption. Seeing that there are fewer and fewer manuscripts, I feel more and more tired. I originally planned to save so many manuscripts so that the system can automatically update them. I gave myself a long vacation to spend a few days. Oh, I owe you.
I'm in debt. Today's incident has taught me to keep a low profile in the future. No, isn't the cost of pretending to be too high?)
