Chapter 85 Online Game Gold Farming Studio
To put it bluntly, a fund is something where we hand over all our money to a fund manager and let them make their way in the capital market, hoping they can bring us some profit.
However, there's a small but significant pitfall here.
If you're trading stocks, once you've found the right opportunity, just click the mouse and "sell"!
The money would be back in the account in a flash, very quickly.
But you bastard fund manager, do you want to redeem your money?
You'll just have to wait patiently; it'll take at least three days, by which time the daylilies will have been out of season several times over!
And so, ETFs came into being.
The benefits of ETFs are:
We can buy and sell funds directly on the exchange, as conveniently as buying and selling cabbages.
Money can come in whenever you want and go out whenever you want; it's all so convenient!
However, all of Su Hao's department's funds ended up in the hands of those traditional funds.
Moreover, the funds he chose were no pushovers!
They were all like ferocious beasts that hadn't eaten for three days and three nights, filled with primal, wild desires to attack!
risk?
That's incredibly high, and you could easily lose everything if you're not careful!
But once they get the chance, their hunting rate is quite "brutal"!
If Su Hao had to choose for himself, he would never pick something that puts his life on the line.
But his damned, ridiculously powerful intuition, like a GPS navigator, precisely led him to these dens of wolves and tigers.
Now, the Zhongda cheating scandal has finally begun to unfold, and in a way that is earth-shattering and has sent shockwaves through the global financial markets!
Zhongda Group CEO Winterkorn has publicly admitted to all data fabrication and resigned to take responsibility!
This move will further amplify the impact of the " Dieselgate " incident. The group has decided to conduct a global recall of up to 11 million vehicles!
Dieselgate! Good grief!
These German idiots actually falsified the vehicle emissions data, making the actual emissions forty times higher than the stated amount!
They actually managed to sell these problematic cars for several years without anyone knowing!
Now look what happened: the CEO was fired, and the problematic vehicles were recalled on a massive scale.
The astronomical number of fines came flying in like snowflakes, leaving the entire group completely stunned.
Fines aren't the worst part.
Those consumers who were cheated deserve an explanation, and compensation is a must.
However, given the typical behavior of these large companies, it's obvious what will happen:
They will definitely use every means at their disposal, including public relations and lobbying, to try to reduce the compensation to the lowest possible level.
In short, the owners of Zhongda cars have become the most pitiful victims in this whole mess.
"..."
Su Hao silently opened his account and began to review the current status of the funds he had "splurged" into.
Normally, when you put money into a fund, you can't see what stocks it buys or what investments it makes, just like being blind.
If the fund manager is in a good mood, they'll give you a quarterly report; if they're in a bad mood, just wait for the year-end summary—whether you make a profit or a loss is up to fate.
But there are always exceptions, especially when you've spent enough money.
Su Hao's huge sum of money was transferred through a large brokerage firm to Vulture Funds, and the contract signed contained "unfair terms"...
Of course, it's "domineering" for Vulture Funds, but for Su Hao, it's called "VIP supreme service".
While it's impossible to monitor every transaction in real time, regularly checking positions and trading volume is perfectly feasible.
"This feels... a lot like running a gold farming studio for online games!"
Su Hao stroked his chin, a playful smile playing on his lips.
Anyone who has played online games knows that there are always some hardcore players who set up dozens or even hundreds of computers, run script bots, and farm gold coins and equipment day and night. These are commonly known as "gold farming studios".
To be honest, what Su Hao is doing right now does have a bit of the feel of a studio AFK farming money.
Aren't these funds just like "robots" that automatically fight monsters?
He threw money out, and these "robots" started yelling and attacking everywhere, automatically helping him to plunder wealth.
The only difference is:
Doing this in the game is strictly prohibited and constitutes "cheating," which can easily lead to your account being banned.
In reality, doing this is called "reasonable asset allocation" or "legal wealth appreciation"!
Look, it's the same idea of automatically fighting monsters to make money, but here it's not only legal, it's also hailed as the highest level of investment!
How ironic, how realistic!
"But then again, these 'robots' are incredibly aggressive, each one more ferocious than the last!"
Su Hao exclaimed in amazement.
There was no other way; when he was selecting them, he chose the most ruthless and aggressive characters.
If this were a normally calm exchange, these vulture funds would probably have gone bankrupt long ago, losing everything.
But things are different now. Zhongda, once a behemoth, has been stabbed through by " Dieselgate," bleeding profusely and on the verge of death.
These funds are like a pack of hyenas that have been lying in wait for a long time and have caught the smell of blood—no, they are a swarm of piranhas that have gone mad with hunger!
They knew perfectly well that this fat sheep was now too weak to even resist!
If not now, when?
So they tore at Zhongda one by one, wishing they could swallow him whole, skin and bones!
"Judging by this, they've almost finished gnawing on it... If they keep gnawing, there won't be any bone fragments left."
Su Hao pondered, "Shouldn't we call it quits and take the money back?"
He scrolled through the list of "gold-farming robots" he had sent out, carefully sensing each one, but his brows furrowed slightly.
"..."
No!
They didn't have the slightest sense of "it's time to stop"!
It's worth noting that Zhongda's stock price has already plummeted by a full 20%!
Like a free fall, there's no stopping it!
It was a scene of utter carnage, a truly horrific sight!
Strangely, none of the funds gave him that intuitive signal that it was time to "close the net"!
what does that mean?
This lavish feast, this hunt for Zhongda —is far from over!
The real show has only just begun!