In fact, money funds are not very creative these days, and someone has worked in money funds before.

Ruth Banter, the head of the cash management department of the world's largest pension fund, "Teacher Annuity Insurance Company", founded a mutual fund named "Saving Fund Company" in 1970, and was recognized by the U.S. Securities and Exchange Commission in 1971 to sell financial products to the public.

Birth  In October 1972, a savings fund company purchased $300,000 in high interest rate regular savings and sold it to small investors at the same time at $1,000 as an investment unit. In this way, small investors enjoyed the return on investment that only large companies could obtain, and at the same time had higher cash liquidity. The first money market mutual fund in history was born

Money funds are no longer novel in the United States, but the key is that these monetary funds also have closed periods. During the closed period, if people need it, it will be difficult for people to get back their funds. Even if they get back the funds, not only will the returns be ruined, but they may also lose their funds. Nowadays, monetary funds have generally closed periods of more than one year.

The Shengshi Money Fund prepared by Duqi is different. The most flexible product he prepared is Shengshi Money Fund A. As long as you deposit money, you can generate returns every day. There is no closed period. Of course, the yield rate may not be as good as many money funds with closed periods, but it is definitely much higher than the deposit interest of many banks.

Of course, in addition to money fund A, Shengshi Money Fund will also launch other fund products with closed periods, with higher yields.

The impact of the economic crisis still exists. Ordinary people are extremely cautious about venture capital. Such money funds with stable long-term and stable and can be withdrawn at any time, and whose yield is a fraction of the higher than ordinary deposits, are believed to be their best choice.

After hearing Duqi's idea, Su Ze couldn't help but say: "This is indeed an excellent method. Moreover, money funds themselves have mature operating methods. We only need to make a little change. I believe that they are definitely attractive to ordinary people. Now I finally know that there is indeed a genius in finance."

Duqi just smiled at Su Ze's praise and then told him to improve his ideas quickly. Su Ze knew the situation of the bank's personnel very well. He could quickly select suitable candidates and give them the right job, saving them time to familiarize themselves with the bank. This is why Duqi's first bank to acquire was the bank where Su Ze had worked before.

Of course, there are also unnecessary restrictions. Duqi is preparing to select a suitable person through the headhunting company to serve as the deputy general manager of the bank. At the same time, he also needs to select someone to be responsible for Shengshi Money Fund. He cannot give too many rights to Su Ze. In this way, they can check and balance each other and increase Duqi's control over the bank.

After dealing with the bank's affairs, it was already April. Duqi returned to school and did not have time to register for the school. Fortunately, Daniel had already asked him to help sign up for the course selection. After Duqi arrived, he returned to campus life.

After the start of this school season, Duqi's mentality was obviously different. In addition to preparing to invest 100 million US dollars in Shengshi Bank, Duqi also has more than 50 million US dollars in cash.

Even though Duches had signed a strict confidentiality agreement with members of Gate's team, the fact that he made $150 million has been circulated within Wall Street.

After all, the funds are in Citibank's account, and the direction of loans and capital allocation cannot be concealed, so naturally it is impossible to hide them from industry insiders. Duqi asked them to sign a confidentiality agreement, just to avoid Gate's team's personnel from revealing to the media. Duqi did not want to appear in the public's eyes too early.

Of course, Duqi will not let it stay in the bank account of more than 50 million US dollars of cash, but will be ready to invest in Apple and get as much as possible Apple stocks.

Steve Wozniak and Jobs founded Apple together. They had a friend, Row Wayne, who also joined. In January 1977, Apple Computer Company was officially registered as "Apple Computer Company".

In the same year, Woz had successfully designed Apple II, which was more advanced than AppleI. Jobs wanted to expand the company and lend money to the bank, but Wayne withdrew due to the psychological shadow of the failure of venture capital. At that time, Apple computer companies lacked funding sources. Jobs finally met Mike Marcusa.

Mike Marcusa invested $92,000 and helped Apple get a $250,000 loan, gaining a 30% stake in Apple.

Duches aims at the shares in Mike Marcusa. Mike Marcusa is an angel investor. He is also optimistic about the development of Apple, so he chooses to invest in order to make future returns.

Duches previously obtained 5% of Apple shares, and later financing from financial institutions also reduced Mike Marcusa's shares to 22.7%, but he is still an important shareholder of Apple.

Now Apple's Apple II sales are very good, and sales have been increasing, which has continuously increased Apple's valuation. It has now reached 80 million US dollars. Mike Marcusa's investment is extremely cost-effective, but because Apple is still in the development period, all the money earned is invested in the company's development.

Mike Marcusa now wants Apple to go public. Only in this way can his shares be exchanged for more benefits. Duqi contacted him directly and proposed to buy the shares of Apple in his hands, and was willing to directly acquire them at a premium of 20% according to the current valuation.

As an investor, Mike Marcusa is undoubtedly a very business-minded person. He is also optimistic about Apple's future. However, as a businessman who prefers financial operations, if he has enough interests, he will also choose to "take the money for peace."

Faced with Duches’ acquisition request, Mike Marcusa put forward his own conditions: "For US$2,000, he is willing to sell Duches 16% of Apple's shares."

The condition proposed by Mike Marcusa is equivalent to a premium of more than 56%. However, after Duchydo finally came to a 0.7% stake, he still agreed to his offer. The two parties quickly reached a contract. Mike Marcus's investment was only more than 90,000 US dollars, but now in just three years, he has received more than 200 times the return, not to mention that he still holds 6% of Apple's shares.

Duqi also believes that it is very good. Now he holds 21.7% of Apple's shares and successfully becomes Apple's major shareholder, which is also very important for his next development plan.
Chapter completed!