Chapter 1116: Pitfalls Everywhere

"It must be these friends of John who are very pleased with you," Marling said.

Feng Yiping thought that this might indeed be the case. It seems that the love of showing off is something that is common at all times and in all countries.

"I'm telling you in a low voice, I actually didn't say much today,"

"Why?"

"Why?" Feng Yiping hugged her arrogantly, "If you want to hear some specific insights, you should pay some price like having lunch with Buffett."

Ma Ling didn't think he was arrogant at all, and said seriously, "You're right!"

Her quick affirmation made Feng Yiping feel a little embarrassed.

"How about you do a lunch auction too?"

"No, no, no," Feng Yiping immediately refused.

Buffett's lunch charity auction is in its fourth year this year. It can be said to be a household name in the United States. Although it is not as exaggerated as the millions of dollars later, this year's event was also used by David E., founder of the hedge fund Greenlight Capital. Inhorn bought it for $250,100.

In China, a meal worth hundreds of thousands is really nothing. When we fight against China, our arrogance in eating is definitely world-class.

Not to mention the later legendary million-dollar meal, in fact, at the beginning of this year, on January 6, 13 people had already appeared in our ancient capital of the Han and Tang Dynasties, spending 366,000 on a sky-high meal, even CCTV They all made a special program.

366,000 in 2003, accounting for inflation, and later the legendary one-million-dollar dinners actually had to be put aside.

But in the United States, spending hundreds of thousands on a meal is really unbelievable. Even if it is Buffett, even if it is a charity event, Buffett's auction of lunch has also caused a lot of controversy in American society.

Feng Yiping feels that it is really hard to follow the trend and do this now. With his current age and qualifications, it is not good to cause controversy.

However, he also thought that in the future, this matter might not be impossible to consider.

…………

Vincent was wearing a birthday hat and was being held by Ma Ling. A large circle of people gathered around him and clapped and sang happy birthday. The little guy was obviously not used to it, but he was quite interested in blowing out the candles and he did it neatly.

Feng Yiping was holding the birthday boy and eating cake. John and Williams, who worked in a bank, came over and asked, "Feng, can we talk alone?"

You definitely wouldn't be able to do it alone, but now that John is standing with you, is it still possible?

"Here, please." Feng Yiping led them to sit down at a table next to him. "The cake is pretty good, thank you John,"

"It's indeed very good, Mr. Feng, I want to tell you about another delicious piece of cake," Williams rushed to say, "With your current achievements and your personal wealth, it has long been necessary for a specialized agency to take care of it. , with your current wealth scale, if the annual investment return is ideal, the increase in your wealth will be very considerable,”

"Even if you don't take your other incomes into account, by the time Vincent is 10 years old, it won't be a problem for you to double your wealth purely through investment,"

"9% annual return, compound interest, right," Feng Yiping wiped the cream from the corner of his mouth and said very casually.

The two people were stunned.

John looked at Feng Yiping in great surprise, "They all say that Chinese people are good at mathematics, and it is indeed true."

Vincent turns two years old today, and there are still 8 years until he turns 10. In 8 years, the income will double. Calculated, the annual return will be about 9%.

But for this problem, John had to use a calculator for a long time to figure it out.

Feng Yiping smiled and said nothing.

Later, similar issues were not discussed too much online.

For example, how to surpass Li Ka-shing? In other words, how much money do you need to earn in a year to become a billionaire when you retire?

There are many answers to the latter question. Feng Yiping remembers it clearly. One of the plans is that from the age of 25, you only need to save 14,000 yuan every year, and then invest the money saved every year in stocks and real estate. , or other fields, and guarantee an average annual investment return of 20%. Then, when you retire at the age of 65, your wealth will reach 102.81 million yuan, a proper billionaire.

Williams was stunned for a while. He did not expect this result. Feng Yiping revealed the answer to the mystery himself, so of course the effect of his words would be compromised. He smiled and said, "Such a question, for a genius like Mr. Feng For human beings, nature is not a problem, Einstein said, "

As soon as he stood up, he was immediately picked up by Feng Yiping, "Compound interest is the most powerful force in the world?"

"Yes, Mr. Feng really knows everything." Williams felt a little frustrated. The rhetoric he carefully prepared was followed by Feng Yiping's few words. Not to mention the shocking effect, it probably didn't even leave a deep impression. .

He now also strongly agrees with John's words. It seems that the legend that Chinese people are good at mathematics is really true.

He calmed down his emotions and decided to stop showing off. "I will just open the window and speak frankly. Our bank is currently operating a hedge fund. I can definitely guarantee you that the annual return will never be less than 9 %,"

"John is well aware of our strength and capabilities. It would be a great honor for us if we could serve you, Mr. Feng!"

Feng Yiping glanced at John. It seemed that he must have joined this project. It was not surprising. That was a high return of nearly 10 points!

However, where does Feng Yiping still lack investment channels? Who else would be interested in a return of less than 10 points?

"Mr. Williams, are you and your company in Miami?" Feng Yiping asked, holding a piece of cake on his fork.

Williams felt very bad, helpless, and even a little broken. Please, what is your problem? Does this question have anything to do with what I'm talking about?

This is also a different perspective. For Feng Yiping, this issue is actually quite critical.

As we all know, the United States not only leads the world in high technology, but its financial industry is also unique in the world.

But just as the domestic telecommunications industry developed later, telecommunications fraud became rampant. In the United States, where the financial industry is developed, financial fraud is also very developed.

Domestic telecommunications fraud, like other industries, became very concentrated later. Similarly, financial fraud in the United States also has certain concentrated areas, and Miami is a very representative place among them.

It is said that after the 2008 financial crisis, with the exposure of the Madoff fraud case that shocked the world, and with more than 2,800 financial fraud cases filed that year, O'Hei, who was very worried, asked the investigation department to conduct a project code-named " Plan to Save the Confidence Crisis" investigation.

The result shocked everyone. According to the results of the first investigation, in addition to the known cases, the FBI's 48 branches spread across the United States roughly identified more than 500 financial fraud suspects, involving amounts of They range in size from a few million dollars to billions of dollars.

Different from the later domestic telecommunications fraud cases, these financial frauds in the United States were blatant frauds. The main subjects were banks or some companies, and well-known public figures like Madoff joined them. It can be said that the impact was even worse.

The consequences were naturally no better than the subsequent telecom fraud in China, and many of the victims were vulnerable groups.

In New Jersey, a childless old lady was defrauded of all her savings, leaving her homeless; in South Carolina, a widow invested all her savings in a company, hoping to make some money for her son to go to school, but soon discovered that The phone number of a company was out of reach; in Texas, more than a dozen families on a farm lost all their money because of purchasing "acceptance notes"...

But those in the United States who are engaged in financial fraud include very heroic figures, such as Madoff, who even defrauded the Swiss banking industry, HSBC, BNP Paribas, Santander, and Royal Bank of Scotland.

And the amount can range from hundreds of millions of dollars to as much as 4.2 billion dollars in Swiss banking industry!

In short, the results of the investigation made Comrade O'Hei very worried. He asked worriedly at the time, "Do people think that the United States is full of financial scammers?"

As for the suspects and companies in that investigation report, Miami occupies a large proportion.

Therefore, Feng Yiping had long thought that it was best not to deal with financial institutions in Miami.

Even if he had no investment means, he would definitely stay away from these money-playing guys in Miami.

Only he knew the reason at this time.

Although Williams didn't know why Feng Yiping asked such a question, although he was depressed, he still answered very honestly, "Yes, in Miami."

"Miami is really a good place, IKEA is livable," Feng Yiping ate his piece of cake cleanly, "But I'm sorry Mr. Williams, because of some upcoming plans, I really don't have free funds at the moment. ,"

"Mr. Feng, you don't need to reply right away. I'll leave the detailed information with you so you can take a good look at it." Williams had already known this result from the beginning of the conversation when Feng Yiping repeatedly disrupted the rhythm. Prejudgment, so he is not too discouraged. How can business negotiations be so smooth?

He believes that for someone like Feng Yiping who is so sensitive to numbers, his 9% return must be very attractive to him.

The main reason why they found Feng Yiping was naturally because of Feng Yiping's influence. By the way, there are more and more rich people in China now.

If China's richest man Feng Yiping can join their project, Williams, who knows that Chinese people love to follow trends, is convinced that as long as the news is disseminated in a targeted manner, many wealthy Chinese people will line up to send money to their doorsteps.

Until then, haha!

He decided to visit Feng Yiping at least once a month.

…………

"Feng, are you not optimistic about this project?" John asked as soon as Williams left.

"You know I don't need such an opportunity," Feng Yiping said. "Besides," he looked back at Williams, "he didn't even ask me how much money I could invest, and he guaranteed a return every year." Above 9%,"

Feng Yiping picked up a glass of beer and shook his head, "I don't think it's reliable. Let's put it this way, I think it's a Ponzi scheme."

"How is that possible?" John couldn't help shouting, "I know very well the strength of their bank. Their investment portfolio plan is very excellent, with high rates of return and very stable. Many of my friends and I have already invested in it. There were no problems for several years,”

"If no one introduces such an investment plan, even if you have funds, you are not qualified to join. I know that many people want to invest, but they are rejected. Feng, you must be overthinking,"

"Really?" Feng Yiping played with the beer bottle. This is not surprising, Madoff also did this.

Madoff usually asked a person to say, "I just got a good investment opportunity" in a country club or other places, and after arousing some people's interest, he would say, "This project does not accept investment casually, but who We are called friends. Let me help you ask and see if I can give you a chance."

In other words, if it weren't for the sudden financial crisis in 2008, and if it weren't for his son's report, Madoff's scam would definitely not have been exposed. As long as he was given time, the final amount involved might have exceeded 100 billion US dollars.

"You may disagree, but John, let me give you an opinion. If you want to invest in funds, you should choose mutual funds. Be sure not to invest in hedge funds."

The financial crisis has not yet broken out, and various forms of financial fraud can still survive. Feng Yiping cannot say too much, but mutual funds need to publish a lot of data after their establishment and accept the supervision of relevant departments, which is better than hedge funds that do not have to explain these. Need insurance.

"If it is a long-term investment, I suggest you buy more blue-chip stocks. Of course, after Google goes public, you can also hold some in large amounts. I believe the return will not be low,"

John's expression also became serious. He thought a lot. The strength of Williams' bank seemed really good, but since he met Feng Yiping, some of his judgments were also correct.

"Before that, could you imagine that companies like Enron and Global Telecom would go bankrupt?" Feng Yiping said quietly, as if he knew what he was thinking.

Alas, there is no way. This is Ma Ling's father. If there is a problem with his finances, won't it become his own problem in the end?

John was stunned again after hearing Feng Yiping's words. Yes, Enron and Global Telecom were giants with a market value of more than 40 billion US dollars before they suddenly went bankrupt. Wouldn't they end up going bankrupt? What are the net assets and market value of Williams' bank?

"You are right, I will redeem it immediately,"

"No, there's no need to be in such a hurry. It's best to wait for some time, such as the end of this fiscal year, to find a better reason," Feng Yiping said.

Even if the fund owned by Williams and his bank is a Ponzi scheme, they still have a few good years to live. Before 2008, they might be able to see each other without looking up, and there is no need to turn against them.

Moreover, if John successfully redeems his money in the near future, then Williams' bank will really create a lot of profits for him.

"John, it's best not to expand my inferences and suggestions," Feng Yiping added. Cutting off people's financial resources is tantamount to sworn enemies, so just do it quietly.

As long as you don't fall into this pit, that's fine.

"Understand, they'll never know why," John said.

He also knows the importance.

"John, Ping, come here and take pictures," Ma Ling greeted at the door holding Vincent.

"I'm coming son,"

Feng Yiping thought of another thing. He could learn from what some people did later. From now on, he would take Vincent in a fixed place and take a photo on his birthday every year.

"How about we take our son to your school later and take a photo where we walked yesterday?"

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