Chapter 588: Luo Susu's Investment Plan

Fan Wubing went home, but found no one at home except the nanny. His elder sister was still on her honeymoon, his elder brother had returned to Tianjin, and his mother Zhang Mei had been at home to organize Fan Ting's wedding for some time, so she had a lot of work to do. She had returned to the company to deal with historical debts.

As a result, Fan Wubing felt that there was no point, so he thought about going back to the company. Recently, the heads of the branches below had not bothered him much. Who knew what important things he needed to deal with?

Recently, Fan Wubing felt that some financial investments in the United States should be sorted out. After all, the US economy is now beginning to develop in the direction of a bubble, and the stock market has risen to a relatively fanatical level. If it were not for the so-called new economy and digital economy gimmicks that made investors confused about where the high point was, it would have collapsed long ago.

Last year, the US economy generally maintained a fast and stable growth. It was only in the second quarter that the growth rate of private consumption suddenly dropped, and the import of goods and services also increased rapidly, which led to a slowdown in the overall economic growth. However, from the perspective of the whole year, it was the highest growth rate since 1988.

In the first quarter of this year, although the economic growth fluctuated due to the impact of the Southeast Asian financial crisis, it is estimated that the growth rate for the whole year is still the same as last year.

In May, Clinton said in a joint interview with the Wall Street Journal and NBC Cable that it is expected that the federal budget will have a surplus of 50 billion US dollars at the end of September 30 of this fiscal year, which will be the first time in ten years. The facts have indeed proved this point.

The US stock market is also bullish. The stock prices in New York are rising day by day. In early April, the Dow Jones Industrial Index has broken through the 9,000-point mark. Driven by the profit report of IBM and Internet stocks, it continues to rise.

As the IT industry gradually becomes the pillar industry of the United States, in addition to promoting the growth of the total economy, it has also promoted the improvement of labor productivity.

The US NASDAQ stock exchange system, which was established in 1971 and mainly provides listing services for small and medium-sized enterprises, has attracted a large number of small and medium-sized high-tech enterprises. The rapid development of the Internet around the world has made Internet stocks the new upstarts in the US stock market.

When Netscape went public in 1995, this company, which had invested 17 million US dollars and had not made a single cent of profit in 16 months after its establishment, became a giant with a market value of 2 billion US dollars overnight, creating the first myth of the Internet era.

Last May, the online bookstore Amazon went public. This year, due to the hype of e-commerce, everyone suddenly realized that Amazon's model was the best example of the virtual market defeating the real market. Therefore, up to now, Amazon's stock has risen 23 times, and there is a trend of continued rise. It is estimated that by the beginning of next year, Amazon will become a behemoth with a market value of over 40 billion.

Three years ago, AOL wanted to cooperate with Netscape. At that time, AOL's market value was only one-tenth of Netscape's. But now, after AOL acquired other companies, its market value has exceeded Netscape by ten times. It can be said that it has increased by 100 times year-on-year in three years.

According to traditional economic theory, a stock market with a growth rate of 15% to 20% is considered a bubble economy. Now, the Nasdaq index has hit 60 new highs in one year, with a growth rate of 85.6%. The price-earnings ratio of Internet stocks is also surprisingly high. The price-earnings ratio of America Online is 230 times, and that of Dell is 100 times. According to general rules, the normal price-earnings ratio of the stock market in developed countries should be 15 to 20 times.

This phenomenon is not without reason. The role and promotion of venture capital cannot be ignored.

Any entrepreneurship requires investment and is risky. There is no entrepreneurship that lacks investment and is unwilling to take risks. The reason why the new economy can rise rapidly and high-tech enterprises can grow rapidly is that an unquestionable determining factor is the intervention and support of venture capital.

When the Internet was just becoming popular, venture capital invested a lot of capital in newly started companies, and often injected a lot of capital before they proved whether they met the business model, because venture capital was eager to get these companies listed and cash out their investments as soon as possible. Therefore, driven by interests, famous institutions such as Morgan Stanley, Goldman Sachs and UBS, which had adhered to investment principles for many years, also lost their principles.

For example, UBS once had an empirical rule that any company underwritten by it must have at least $10 million in revenue in the year before listing.

However, this rule has now become the focus of controversy.

Because just this month, a little-known Internet company's new shares went public, and the price soared from $9 to $97 on the same day, and the company easily obtained a market value of over $1 billion.

This crazy scene changed UBS's investment principles almost overnight. They decided that the conditions for recommending companies to go public and underwriting stocks became $2.5 million in revenue in the past quarter, regardless of previous performance.

This naturally greatly increased the rate of new stock issuance and lowered the threshold for new stock issuance. Internet stocks can be said to be mixed with good and bad stocks. Any stock related to the Internet can easily become popular on the Nasdaq.

Of course, Fan Wubing also knows very well that now is not the time when Nasdaq is the most popular. Only in the year after tomorrow, in the new millennium, before the bubble is about to burst, will it be called the final madness.

Fan Wubing feels that many of his investments need to be screened before the middle of next year, leaving high-quality assets to continue to hold. Temporary investments need to be sold, otherwise so many assets will be sold at once. It's really not easy.

After Fan Wubing arrived at the company headquarters, he found that the atmosphere here seemed a bit strange. Russell Su was at the front desk discussing some issue in a low voice with several girls of similar age, while the nearby security guards stayed away from the distance. , I wonder if something special happened?

"What are you talking about?" Fan Wubing leaned over and asked.

"Huh?!" Several front desk girls couldn't help but pale when they saw the boss suddenly appearing.

The company has very strict requirements. You are not allowed to chat during working hours, and Fan Ting's HR department has always cracked down on things that may affect the company's image, so everyone is very careful not to offend. .

But because Fan Ting went on her honeymoon and was not in the company these days, the people in the HR department were lazy and didn't supervise so closely, so a few people got together to chat when they had nothing to do at noon.

However, they never expected that Fan Wubing would actually appear in the company at this time, and because they were too involved in chatting before, they didn't notice when he came over.

Russell Su was talking happily. When he turned around and saw Fan Wubing, he immediately covered his mouth and his eyes widened.

When Fan Wubing saw this, he tapped her nose, "You, follow me up to check out the latest information."

"I still have a job at the front desk. Why do you treat me like a secretary?" Russell reluctantly followed Fan Wubing's wife into the elevator.

As soon as he entered the elevator, Russell consciously sat next to Fan Wubing and bumped him with his shoulder, "It's noon and the boss is not at home to rest. Why did you remember to come to the company to work overtime? "

"I still want to ask you -" Fan Wubing rolled his eyelids and said, "The company paid you to come here, is it for you to chat? Several receptionists gathered together and laughed, even the guests came You are so unaware, how can you behave like this? I was just embarrassed to say it to you in front of everyone, do you think this is very professional?"

"Isn't it because of boredom?" Russell Su pulled Fan Wubing's collar out of boredom and said, "A top student from Peking University is put here as a vase. If it weren't for the good treatment Sister Fan Ting gave me, I wouldn't want to do it."

"Are you saying that this job has buried your talent a bit?" Fan Wubing asked with a smile.

"Of course, it's not challenging at all. The whole day is spent smiling after seeing the guests, then greeting them, then registering, and then giving them directions, or calling the leaders of various departments to inform them. It's these simple things that you think can embody What level of professionalism can you show?" Russell complained with a bit of disgust.

"Welcoming people with a smile is also a skill. As a kind of experience in life, it is indispensable." Fan Wubing leaned back, leaned on the sand, looked at Russell Su, and said seriously , "Smile is actually a very invincible weapon. You may not realize it now, but you will find it when you officially enter the workplace in the future. Only those who learn to face life with a smile will have greater room for development."

With a ding, the elevator arrived. The two people stood up, walked out of the elevator, and entered Fan Ting's CEO office.

Because Fan Wubing hadn't eaten yet, he asked the people in the restaurant to bring him a portion, and he ate while reading the information.

"What were you talking about just now? I saw the security guard hiding far away, as if he had seen a ghost." Fan Wubing asked curiously.

Russell Su's face suddenly turned red, and his expression became a little awkward.

"Khan, it seems that it involves a sensitive topic again, so don't talk about it." Fan Wubing knew what was going on when he saw her expression, so he waved his hand and said.

Russell bit his lip and said hesitantly, "Actually, that's not the case. I just have some money on hand now, so we all got together and discussed making some investments."

Oh, Fan Wubing nodded, thinking that these front desk girls do have a lot of income. If a few people get together and make some investments, it would be really interesting, so he asked, "Then you all have a little bit of income." What do you think? Investing is not a shady thing, right? Tell me, and I can help you."

"A few of them said that the stock market is very hot right now and they want to invest in stocks, but they can't make up their minds because they conflict with work schedules," Russell said.

"Stock trading, this is not a very good idea." Fan Wubing shook his head and said, "Not to mention the conflict with working hours, you just don't have much experience in this area. If you just follow the trend, it will be It’s hard to make money, and if you want to trade in stocks, you must have good mental quality, precise vision, and a sensitive nose. You need to retreat immediately when something goes wrong. These conditions are not met by girls like you.”

Upon hearing this, Russell Su retorted a little unconvinced, "Brother Wu Bing, you seem to be looking down on us girls a little bit!"

"It's not a matter of being trivial or trivial, but this is basically the reality and experience." Fan Wubing spread his hands and said, but he immediately asked, "Do you have any other ideas?"

"Well, what I mean is that I want to open a boutique underwear store." Russell replied with a blushing face.

"Boutique underwear stores. There seem to be many such stores in the capital. It's not a very good idea." Fan Wubing said after thinking for a while.

The atmosphere in the capital is relatively open. Although it is not as good as the coastal areas, basically everything is available. There are also many specialized underwear boutiques. Although the prices are high, the business is still booming like a trend. The only one. The disadvantage is that competition is fierce and store investment is relatively high. If you cannot get agency rights from some big brands, it will be difficult to make a profit.

"No, we are not talking about ordinary underwear -" Russell Su said coquettishly as she twisted her body around Fan Wubing.

"Not ordinary underwear? Could it be, a raincoat?" Fan Wubing was stunned for a moment, and then asked with some uncertainty.

Russell blushed and said, "How can we girls have the nerve to sell that kind of thing?! We are talking about sexy underwear!"

Sexy lingerie? Fan Wubing touched his nose and said, "It's a good idea, but I think the challenge of several young girls working together to sell sexy underwear is not much worse than selling raincoats!"

"That's why everyone is a little undecided -" Russell said.

However, looking at the problem from Fan Wubing's perspective, assuming that several front desk girls in his company can put on sexy lingerie for promotion, it is estimated that the door of the store will be kicked open. In a sense, It seems that this idea is also very good.

If other factors are not taken into consideration, just attracting men to buy these things as gifts is enough for them to make so much money that their hands will cramp.

If children's products are meant to make adults bleed, women's sexy underwear is meant to make men bleed.