Reborn as a female internet celebrity in a county town

Chapter 278 They dared not touch that money

Tianjin Hybrid Selection Fund released its net asset value for Thursday at 3:30 PM.

+ 0.18 %
The market is in the red zone, but not many stocks are red; it's better than nothing.

Undoubtedly, this result is unsatisfactory for those who bought Tianjin Mixed Optimized Stock.

With so much money entering the market today, even if it's just self-inflicted damage, the profit shouldn't be this small.

But what can be done?

Since we've already bought in, we can't just redeem it while incurring exorbitant fees, can we?
Besides, there are purchase limits. What if the price surges after I redeem my shares?
Fortunately, we didn't lose money, and that's good enough.

There are indeed more and more news circulating online that all public funds are joining forces to suppress Tianjin Capital. However, public funds will not respond to this matter, and Yan Li has not said anything either, so it can only ferment in a small circle and cannot be brought to the forefront.

Liang Jiwei was still moving goods.

Yesterday they were moving sand and cement, carrying them up from downstairs, but today they're moving construction waste, carrying it down from upstairs.

None of these are easy jobs.

As for Chu Tianhe, he would find a corner without any cold wind to smoke, and he could smoke two or three packs a day.

After the net asset value of Tianjin Hybrid Selection was released, Chu Tianhe immediately said to Liang Jiwei, "Did you see that? The net asset value increased by 0.18% today. I told you long ago that your expectations were destined to be disappointed, but you didn't believe me..."

Liang Jiwei wiped his sweat and said, "What's wrong? My account is making money too. I make 18 yuan on 10,000 yuan. My account has more than 7 million yuan, so I'm making about 14,000 yuan. Even if I do this every day, I can get back the interest on the 5 million yuan I lent you in just a few days."

Chu Tianhe's face fell upon hearing this.

because……

He hasn't received his interest payment yet.

Five million, at 0.18% per day, that's a profit of nine thousand yuan per day.

With only a little over two hundred trading days a year, and after deducting management fees and other expenses, even if he earned that much every day, it wouldn't be enough to cover the interest on his loan shark loans.

With an interest rate of 36%, that's 1.8 million a year. You'd have to earn 11,000 a day just to barely break even.

"Do you know how much money was invested yesterday? So much money only managed to push it up this little bit. Just wait for a big drop tomorrow, at least three percent!"

"That's for tomorrow, at least we made a profit today."

"There are already rumors circulating online about Tianjin Capital's holdings, which are all large-cap stocks. You'll know when the market opens tomorrow, or even before it closes."

The holdings of Tianjin Capital have indeed started to circulate in the past two days, but everyone has pretended not to see them after seeing them.

After all, they are all large-cap stocks, so it's difficult to push them up. Not to mention, the last news about Tianjin Capital's holdings misled many retail investors, who are now stuck at high prices.

Those retail investors are currently ranting and raving online, and they still haven't gotten out of their positions.

Their voices scared away many people.

Human nature is to seek advantage and avoid harm. When the harm is magnified, people are less interested in the benefits.

"That's for tomorrow. I'll earn my four hundred yuan today, while you haven't done anything."

"Heh, I'd never risk my life for this kind of money! With your attitude, you'd worry about earning money but not living to spend it, and you'd end up with a host of illnesses in just a few years!"

Chu Tianhe could never believe that Liang Jiwei, who already had millions, would do this kind of work.

Every day, they have to carry at least several thousand kilograms or even tens of thousands of kilograms of things back and forth, wearing only thermal underwear in the dead of winter, their bodies soaked with sweat.

"I don't have any other skills, and if I did, I definitely wouldn't want to do it. To be honest, I'm prepared to lose all the money I made at Tianjin Mixed Selection. You don't need to keep making excuses to provoke me..."

Chu Tianhe: "..."

Indeed, he kept provoking Liang Jiwei, wanting to see Liang Jiwei get angry and embarrassed, which made him feel particularly accomplished.

A guy worth two million dollars ruined his own life.

"Don't worry, I definitely won't let you down. We'll reach our agreed-upon clearance line before the New Year, and then you'll have nothing left!"

"no problem!"

Liang Jiwei felt his mindset becoming more and more peaceful, especially after making a major decision, he had almost no regrets.

Unlike before, he spends almost every day in regret.

I regret impulsively spending money in the game, I regret not studying hard enough and only getting into a junior college, I regret not saving money...

But the regret is only temporary; he'll turn around and go back to his previous reclusive lifestyle, doing a little work each day and then lying down.

Now, he has no regrets. He has more energy to work every day and doesn't indulge himself during his rest time.

After all, regret is useless; it only adds to negative emotions and affects future decisions, work, and life.

……

Yan Li was busy until after six o'clock in the afternoon. When she arrived at the office break room, she glanced at Lin Lang, who was lying there sleeping.

At 3 p.m., when Lin Lang came out of the trading room, he was already very sleepy and fell asleep right away in the lounge.

After get off work, Yan Li originally wanted to go home, but she was worried about Lin Lang, so she decided to stay and handle some other things while waiting for the night shift employees to come over.

The night shift starts at 8 p.m., and there are only a dozen or so people on it.

While Lin Lang was sleeping, Yan Li contacted several headhunting companies.

Lin Lang wants to build a quantitative team, and algorithm engineers are essential, but... such talents are relatively scarce in the market.

Those recent graduates simply don't have the ability to participate in projects right now.

She couldn't possibly find a recent graduate to mentor Lin Lang, since Lin Lang himself might not be able to do it well either.

She closed the door to the lounge and made a phone call to her father.

"Dad, I'm looking to set up a quantitative team, but we're a bit short-staffed... Could you help me out?"

Yan Keming said, "Wuliang Capital is short-handed. Liang Wenyuan has been recruiting all over the world. He has almost found all the top engineers in the world and has a lot of resources in his hands. Why don't you go and talk to him? If you want to do quantitative finance, he is the top quantitative finance expert in China."

Yan thought for a moment and said, "Forget it. We can meet for a meal if we have the chance, but let's not talk about work."

She remembered clearly that Lin Lang had said that they were not on the same path and could not get along.

Lin Lang works in quantitative trading, and he is one of the top quantitative private equity firms in China. Although Tianjin Capital cannot directly use quantitative programs to manage its portfolio, there is still some competition between them.

"In terms of quantitative analysis, there is really no one in the country who can compare to him. Wuliang Capital's quantitative model may already be the best in the world."

"Hmm, I'll look for it myself..."

Yan Li hung up the phone and then added more money to the headhunting company.

Because of the funds held by fund investors, currently, apart from Lin Lang and Yan Li, very few people know how much equity Tianjin Capital actually has.

There's no need to be so restrained when it comes to spending money.

If we can't find someone with an annual salary of five million, then we'll offer six million or eight million. At worst, we'll find a few core members and some more ordinary ones; the key is to have enough manpower so Lin Lang can easily make the selection process.

Before they knew it, it was past eight o'clock in the evening, and Lin Lang was still not awake.

Yan Li prepared the meal for Lin Lang around 7:00, and by then it had already cooled down.

She had no choice but to reorder.

If Lin Lang hasn't woken up by then, we'll continue ordering until he does.

After Lin Lang arrived, she felt an unprecedented sense of peace.

Today, the stocks held by Tianjin Hybrid Selection continued to perform poorly, but Lin Lang managed to reverse the trend at the end of the trading day.

Even if it's just a simple accumulation of shares at the end of the trading day, who knows what the outcome will be tomorrow? There's always the possibility of a big gap down at the open.

But who in the entire company would dare to do that?

Only Lin Lang dared to do that.

Simple actions take on a different meaning when performed by Lin Lang.

……

Several vice presidents from Shanghai-based mutual funds were chatting while taking a bath and drinking tea after finishing their drinks.

"Tianjin Capital's holdings have resurfaced online. Although there is some error, the accuracy is over 80%... This is their old trick. They exposed their holdings once before, and it was exactly the same."

"Damn it, there should be a law to crack down on online trolls! All Tianjin Capital does is spread rumors and stir up trouble online, they don't know any other tricks!"

"Don't worry too much. Last time it was small-cap stocks, and a few billion could change the situation. This time it's different. Tianjin Capital's holdings total over 20 trillion in market value. Even if a few billion more comes in, let alone a few billion more, the impact will be negligible. Tianjin Capital is just scared, isn't it? Otherwise, they wouldn't have only invested so little today."

"This time, Tianjin Capital probably wants to use netizens as pawns while hiding behind the scenes and reaping the benefits. I guess netizens don't even know that they didn't put in much money at all. The more than 10 billion yuan they absorbed yesterday is all still in their accounts, and they didn't even reach the minimum position requirement."

Equity funds have a minimum position limit, but this limit is not very strict.

It's normal for your position to fall short of the target for one or two days occasionally, especially when facing large-scale subscriptions, as it's difficult to buy all of it in one day.

So, it's not a big deal.

However, in their eyes, this was just one of Tianjin Capital's tricks; they deliberately left so much money behind to deal with redemptions.

At the same time, they spread information about Tianjin Capital's holdings online to attract retail investors and help them prop up the market.

"If they fall for a few more days, they'll behave themselves... If it weren't for the late-day surge today, they wouldn't have made it into the green."

"Let's arrange for someone to deliberately release information about Tianjin Capital's holdings. We can't completely suppress the related public opinion, otherwise too many retail investors will rush in, and even if we cripple Tianjin Capital, it won't be convenient to start a market rally."

If they want to drive the market up, they certainly won't allow a large number of retail investors to buy in.

They understand the psychology of retail investors better than anyone else.

The two most common strategies for retail investors are chasing high prices and buying low.

Chasing highs mainly involves buying at the limit up price, while buying low involves buying when the price is falling.

Especially for those who have been holding a stock for a long time, they know where the bottom support level is, and as soon as the price touches that level, someone will take action.

But once they decide to initiate a rally, neither of them dares to enter the market.

They will first surge, and just when it looks like they're about to hit the daily limit, they'll crash it down again. They'll surge eight points, but by the end of the day, they'll only have three points left, trapping a bunch of people who bought at the top.

The market opened two points higher the next day, then gradually declined until the close.

Those who bought at the peak either have to cut their losses or continue waiting.

As for buying on dips?
Seeing a sudden surge in volume followed by a sharp drop automatically triggers a brainwashing effect, leading to the belief that the major players have exited and the market is about to turn bad...

Even if some people have accumulated shares, the market will fluctuate and decline for several days, resulting in increasing losses and psychological pressure.

In general, it's like a day of upward movement followed by half a month of consolidation.

Or, when a topic is trending, it might rally for two days, then consolidate for half a month or a month... Whether you chase the highs or buy the lows, you'll get stuck in that consolidation.

As for those who buy more shares and then leave the position, that has absolutely nothing to do with them.

Because... such people are almost impossible to become selling pressure at high prices, and holding positions for a long time does not necessarily guarantee profits. After the price falls from its high, they may waste several years of their time.

They participated, but not fully...

"No need for all that trouble. Just open five points lower tomorrow... Tianjin Capital is only a little over 10 billion, right? Let them pull it up and see if they can get it up by five points! This isn't like those small-cap stocks; you can't just use any trick to get things out of this situation."

"This one will work too..."

"I heard Guan Sheng got some money again recently? And we didn't get a share again..."

"I already knew about this, but there's no need to worry. It's from the medical insurance department, and they'll charge three percent interest..."

"Three points? Forget it, there's no profit to be made, and it'll only cause trouble if we lose money."

"They probably wanted to give it to Tianjin Capital, but they're afraid Tianjin Capital will put it in the stock market..."

"That's medical insurance money, do they dare? If they really did that, it would be even easier to destroy Tianjin Capital. If we just suppress them a little, how much money does Tianjin Capital have to pay? Given the size of Tianjin Capital, let alone more, if we reduce their investment by ten percent, they should panic."

"That's true. As long as Yan Li isn't stupid, he wouldn't dare to mess with this money. At most, he'd just lend it out..."

"Indeed, with an interest rate of three percent, you can't make any money if you don't lend it out! You can only make a little money by lending to those P2P platforms."

"P2P lending is really profitable; the leverage has already been pushed to its limit."

"It's no longer feasible. Many people have stopped repaying their loans, and there's a mountain of bad debts. Anyway, it's agreed that we shouldn't let Tianjin Capital rise tomorrow, to prevent them from launching a late-day attack. We've got people keeping an eye on them..."

……

Lin Lang got up at 8:30, and the food Yan Li had ordered had just arrived.

Then, Yan Li waited for him to finish his meal before going back to rest.

As for Lin Lang, he sat in the office for a while, then went to the trading room to make a brief appearance.

They didn't do anything!

The position hasn't been touched at all.

However, innovative drugs still saw a significant surge today.

Related sectors rose by five or six points, while the core stocks that Lin Lang selected generally rose by more than eight points.

The stock, which was guaranteed to rise by at least 300% in a year, had fallen for so long after New Year's Day, and the rebound was even stronger than Lin Lang had imagined.

After the market closed, he wasn't particularly sleepy. He waited until the net asset value was released and then signed a document on behalf of Yan Li.

Yes, Tianjin Global Selection rose ten points today.

(End of this chapter)