"It's not that I can't make high returns, but that I deliberately lowered my returns. It has only been ten trading days since the resumption of trading, and the cumulative net worth has increased by +133.81%, which is too much." Lu Ming tilted his head and glanced at Su Xiao.
Man said.
When the capital is below 10 billion, Lu Ming feels no pressure to do short-term speculation and make high profits when trading. If it is below 20 billion, there is not much pressure, but it is a bit more tiring.
Hearing this, Su Xiaoman was puzzled: "Deliberately not making high returns? I have never heard of it. This is not good for us. Why not do it if we can make high returns? Other fund managers
I wish the sky was the end, but you would be better off. The intentional result is that today’s subscription funds have shrunk significantly compared with the previous trading day, and background data shows that many investors who bought in the early stage have begun to choose to redeem the fund.”
Since he said he deliberately lowered returns, Su Xiaoman naturally believed him, but he really couldn't figure out why he would do this. The bigger the capital, the more money the fund company makes, including management fees, redemption fees, etc.
Lu Mingyun said calmly: "Don't go too far in anything, and stop in moderation. This is awareness."
Su Xiaoman looked at him suspiciously.
Lu Ming saw her puzzled look and immediately added: "Do you really think that Tiansheng is developing smoothly and at a high speed without anyone paying attention? Do you really think that the management is not paying attention? I can tell you for sure, from now on
On the second day after Tiansheng Pioneer Mixed Trading resumed trading, it created a net income of more than ten points, which has definitely entered the management's field of vision."
Su Xiaoman was stunned when he heard what he said. She couldn't help looking at him with a hint of worry in her eyes and said: "You mean... no, are you thinking too much? All operations of Tiansheng are...
Standardization, standardization, any regulatory red line will not be exceeded even half a step, it is not a crime to invest in a technical level, right?"
Lu Ming smiled and said: "That's not the case. Unless I reach a level that can influence the capital market, I may be interviewed. Now I don't have such a big influence. The management only pays attention to me, but it is not impossible to
Tolerance, the capital market requires a certain amount of speculation, otherwise the market will not be active."
The current capital of Tiansheng Pioneer Hybrid Fund is only about 7 billion as of now. Even if it is one to two billion, it is unlikely to have a big impact on the entire capital market.
It is still far from the point where the management must intervene to maintain stability. The real energy is when everyone regards Lu Ming as a kind of weather vane, and the management will attach great importance to it.
This kind of weather vane is like Warren Buffett, the stock god in the United States. As long as he buys a stock, even if the stock is junk, it will immediately skyrocket because other investors regard the stock god as a kind of weather vane.
This kind of belief, the stock god bought this ticket, is the strongest logic of this ticket.
This kind of influence has the ability to influence the capital market, and it is a visible influence.
Lu Ming added: "The reason for cooling down is that I don't want the market to pay too much attention to me, and I don't want to have enough influence to influence the capital market too early. Once I have this influence, I must change the current situation."
There are trading models and investment strategies, and simply put, we can no longer engage in such crazy speculation and arbitrage.”
The reputation of Tiansheng Fund has been established, and the goal has been achieved. It is time to clean up the market. It has indeed risen too much.
The cumulative increase in net worth in eleven trading days exceeded 1.3 times, which is a quite exaggerated rate of return, worthy of the nickname "Enchantress".
The basic citizens there made too much, so they had to return part of their profits to the market. Lu Ming wanted to wash away part of the profits and send them back to the market. His method was also very unique.
That is to let the fundamentalists wash themselves out, and the method is to reduce the rate of return. The internal logic is to take advantage of the weaknesses of human hearts and greed.
Lu Ming did not let the fund's net value income retrace. The absolute income increased every day, but the increase was less.
But people are not greedy. Today's data has shown that some people have begun to redeem their stocks. Many of the comments below are complaining that the price has increased too little and wasting a good market. Not only are they not grateful, they even blame them for preventing them from making big money.
Lu Ming couldn't actually see where the funds they redeemed went, but he firmly believed that a large part of the funds they redeemed must have entered their personal trading accounts to speculate in individual stocks.
In today's hot market, everyone thinks they are a stock god. In the end, these people will be severely beaten by market education because of their greed, and the profits they made will be returned.
In the end, when they realize that they are not stock gods, but just leeks, they will still come back and embrace the Tiansheng Pioneer Hybrid Fund, and say it is still the best.
During this period, Lu Ming achieved his goal without doing anything. Only when these people are willing to accept becoming rich slowly will they be worthy of enjoying the dividends of the capital market.
The door to Tiansheng Pioneer Mix is always open, and any investor can come and go at his or her own discretion.
And only those investors who have firmly adhered to value growth and have bought since the day trading resumed have also gained short-term huge profits. This is the return they deserve as the first batch of followers.
In fact, every investor who entered the market early and made huge profits deserved it. Without them, Tiansheng Fund would not be as well-known as it is today. However, these people began to differentiate after getting huge profits. Some people chose
If you continue to stick to it, some people will be dissatisfied and choose to leave to seek greater profits.
Everything is your own choice, and different choices lead to different results.
After his personal interpretation, Su Xiaoman couldn't help but nodded lightly, and then looked at him with an admiring face and said: "It turns out that the slowdown in the rise is not bad, but it's too good, it's really good!"
…
On Tuesday, March 31, the market opened higher and moved lower today. It closed at 3747.90 points after the market closed down -1.02%. There were 69 stocks in the two cities with daily limit, which was 8 stocks lower than the previous trading day. The market made money in general.
In the evening, the net value of Tiansheng Pioneer Hybrid Fund was updated.
Net worth: 2.3831 (+1.92%)
Relative to yesterday's +2.89% increase, the profit-making ability of Tiansheng Pioneer Hybrid Fund has fallen below investor expectations for three consecutive trading days and has continued to decline.
It ranked first among thousands of over-the-counter hybrid funds and was far ahead of the second place. As an over-the-counter open-end public fund, with such an exaggerated increase, people who didn't know it thought it was a B-class fund with added leverage.
Internal funds.
After the net worth update came out today, the dissatisfaction was reflected in the comments on Taoba forums and Tiansheng Pioneer Hybrid Fund on Zhifubao fund platform.
"Clear it, the handling fee is really expensive, I wish you good luck in getting rich if you leave it behind!"
"It seems that Brother No. 1 is really not good at trading large amounts of money. I ran away and went to the market to grab money first. I will come back when this guy's plate goes down."
"You can't even outperform Hai Futong's small and medium-sized caps. Is this a god who can do 10,000 times in three months? He doesn't live up to his name!"
"Oh, I was tricked last week. They said that this fund manager was awesome. The over-the-counter fund could rise by more than ten points in a day. It can be called a B-level fund on the exchange. After looking at it, it was really good, so I sold the stock.
You came in, and you ended up like this when I came in? I regret it so much. The stock market that just came out last week has been withdrawn, which is a waste of a great bull market."
"It's so funny. Some people's comments remind me of the saying 'pay rice to nourish kindness, bear rice to nourish hatred'. If I were the first brother, I would never lead these gangs of white-eyed wolves to make money. I would directly follow the example of the chief rudder and engage in private equity. Private equity
The fund also has an excess performance commission of 10-20%, so you can earn more."
"I think it's pretty good. The market fell by 1 point today. Tiansheng Pioneer also ranked 61st among 3,647 OTC funds today. It has never fallen out of the top 100 since then."
"People's hearts are not enough. You are not satisfied with doubling in more than ten days. You are not happy if you don't raise the limit every day, right? It's just that the increase is a little less than before. If it turns green tomorrow, wouldn't you be scolded?"
"Anyway, I have no brains to trust Brother Yi. As long as Brother Yi is the fund manager of Tiansheng Pioneer Mixed, I don't have a redemption button here."
…
(Ps: Tickets, don’t stop collecting~~, the PC fan list has not broken 300 yet, is it the end of the main promotion?...[face covering])
