Chapter 2005 King of the Internet Era
"Damon, you guys, no matter how long your brains are, you can come up with such a method!" Qin Feng sighed.
"This is the power of finance!" Dimon said with a smile.
Finance is not a simple zero-sum game. Finance is an art derived from it.
An art that makes money make money, makes money valuable, keeps money from devaluing, and keeps money in your name forever.
If you play this art well, it can be said that your family will be immortalized forever.
For example, this era is turbulent and ever-changing. It is very possible to become rich overnight today and become a bankrupt wretch tomorrow.
As for how to preserve your wealth and prevent it from shrinking as much as possible, trust funds are the best choice.
For example, when you become wealthy and make a major decision, you can place your main assets in a trust fund in advance and then sign a holding agreement.
In this case, if you sign a decision that you will never be able to take it out. In other words, you will only have the right to control the dividends of all assets in the future, but not the right to take them out, then no one can take away this asset.
At this time, if your decision causes the business investment to fail and you face huge debts, you can file for bankruptcy.
After bankruptcy, all your income within three years belongs to the creditor. At this time, the dividends from the trust fund and the money within three years belong to the creditor. After three years, when your bankruptcy protection ends, it no longer belongs to the creditor.
The money here and the annual dividends in the future will belong to you forever.
At that time, your life can still return to its previous level. At the same time, you will also have another chance to make a comeback.
This is a very good means of preventing risks.
Of course, there is also a drawback to this, that is, once all your assets are placed in the trust fund, they cannot be retrieved. Then you can only enjoy its dividends in the future, but cannot withdraw them.
This is the only small drawback.
But as long as you can withdraw the trust fund, then your creditor can take it away if you go bankrupt.
Therefore, this kind of trust fund can be said to have more advantages than disadvantages.
As for such an operation, wouldn't it be very detrimental to the creditor?
This situation is also normal. Because in many cases, when you lend money to others and enjoy the interest, you naturally also bear risks.
If you don't take the risk, how is that possible?
The moment you want to make money, you have to take risks.
Therefore, regardless of whether the other party has adopted this method to refuse to return your money, you can call the other party cunning and despicable, but this is the other party's method.
You can only blame yourself for not being smart enough and not doing detailed research when lending money.
It is even said that it is useless for the other party to use this kind of trust fund as collateral.
Because the law cannot force a beneficiary of a trust fund to be taken away from him.
Even if the other party uses the trust fund's income for the next few years to make a loan, you seem to be able to sit back and relax.
In fact, once the other party declares bankruptcy, the previously signed loan agreement must be governed by the bankruptcy law.
Therefore, Western financial rules are indeed unpredictable.
Through various financial means, financiers on Wall Street in the United States are raking in wealth while trying to preserve their wealth as much as possible.
This has also led to the division of classes in Western society.
The strong will always be strong, and the weak will always be weak.
This is ensured by these financial rules.
In the past, people throughout history relied on machetes and guns to rob the poor.
This kind of robbery often arouses the anger of the poor, causing them to fight back or even rise up.
Princes, generals and prime ministers would rather have their own kind.
Even poor people have angry days.
But now, it is useless.
The rich use financial rules that everyone knows to extract benefits from the poor, so that when you face such exploitation, you can only stare.
This is the power of knowledge.
Earn profits through knowledge.
This is also what the Chinese ancestors said before, a gentleman loves money and gets it in the right way.
Of course, this approach naturally makes many people angry.
It's a pity that no matter how angry you are, you can't explain why.
Moreover, most of the time there won’t be anyone to help you redress your grievances.
"However, these shares will never be available again," Dimon said.
This trust fund is permanent.
Unless one day the trust fund collapses.
But this is usually impossible.
Because this kind of trust fund adopts the safest investment channel. Generally speaking, it is treasury bonds, bonds and the like. Relatively speaking, the income is not that big, but it is very stable and the risk is very low.
Of course, when the amount of funds is large enough, even if the rate of return is not that high, the post-income figures are still very impressive.
Only the poor will pursue investments with high rates of return.
Because the poor are eager to stand up, and often the giants in the financial world take advantage of the poor's eagerness to stand up and set up various traps, eventually allowing them to swallow up the little money they have saved through hard work.
Generally speaking, most investors will pursue investments with lower investment but smaller risks. Of course, this does not mean that they will not invest in high-risk investments. However, the proportion of high-risk money invested is very small.
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Moreover, you will never put your eggs in one basket, but you will definitely put them in multiple baskets to avoid the basket falling and the eggs breaking.
"It's okay, I don't care about the money." Qin Feng said with a smile, "The most important thing is safety."
The important thing is to be able to control the company in the future. Although the equity cannot be sold, the income it brings is still yours. So, there is no difference.
What's more, after establishing the company, according to Qin Feng's character and the current reality, it would be impossible for Qin Feng to kill the goose that lays the goose to lay the eggs.
Selling equity is impossible.
Since it is impossible to sell shares, it does not matter whether the equity can be sold.
As for the sale of 20% of the equity of Qin Feng's Qin Heavy Industry in China, what Qin Feng got in exchange was Buffett's investment. What he wanted was Buffett's reputation and being able to use it as his own shield when necessary.
Therefore, Qin Feng sold his company shares.
Of course, the price of 1 billion US dollars is not a loss now. This also solves the current problem of Qin Feng's insufficient funds for investment abroad.
For example, without this money, it would be impossible for Facebook to develop rapidly.
It is absolutely impossible to allow Melissa to develop crazily and enclose territory in the Internet era like it is now.
At present, the entire Internet has not yet realized the influence of social media and its stickiness to users. If you seize it first, there will be no enemies in the future.
As long as you don't make mistakes, you will always be invincible.
This is the horror of social media software.
Chapter completed!