Everyone wants to buy good things, but the market needs to rely on investment to maintain its value, and the capital of retirement and pension funds that outperform inflation is said to be less than 100 billion.

Based on the 242 million population of the United States in 73 years, the minimum estimate of the retired population over 60 years old is also more than 2,420.

Per capita of 10,000 US dollars is 242 billion US dollars.

But this number is definitely the most conservative estimate. The reason is simple. In 70 years, the debt ratio of the United States was only 7%.

By 73 years, it was only 10.3%.

In other words, if half of the retired population has fixed assets and deposits, not to mention assets of 50,000 or 100,000.

There is still $30,000.

The 300 billion pension and retirement funds are looking for investment projects in the market, and the fierce competition can be imagined.

So, anyone will grab those bonds with high credit ratings, but what if you can't grab them?

Or just grab a part of the fund management funds, where do you invest the rest?

And for the management of retirement and pension funds, their primary goal is not to earn 10% or 30%.

It's a 3A-class stable income that is comparable to the national debt of 5%.

Even for the commission and salary next year and the following year, the management of retirement and pension funds will take the initiative to depress the returns of the fund.

So that customers are not stimulated by high profits and become harsh on management.

So 60% of high-yield bonds, plus 40% of junk bonds, will become the first choice for these stable funds?

Isn't it ridiculous?

But for Citigroup, once this investment portfolio is sold to selected funds, various contracts and confidentiality clauses are signed.

Citigroup can make more than 40% more money each year than other commercial banks.

And this 40% means that the annual net profit is 100 million or 200 million US dollars more than the previous year.

Comparing the earnings of other commercial banks and investment banks, a 40% increase will make it impossible for stock prices to rise sharply.

In addition, subprime mortgages are not necessarily true, and they completely need junk stocks in real estate.

Since oil and gold will rise in the next ten years, the United States will certainly issue a large number of national debt.

You can use these stable-income assets, plus various junk stocks to make a combination, and specifically push them to various hedge funds.

Moreover, the proceeds from subprime mortgages are only the first.

As far as Li Changheng thought, there were insurance companies insuring these bonds, and the rating agencies rated packaged bond products at 50,000 and 100,000 U.S. dollars.

Also, in order to get more national debt, it is a bumper for fund recognition and acceptance of subprime mortgage products.

Helping the Fed lend a large amount of printed US dollar bills to investors will earn two more transaction fees.

In the contract for loans to investors, junk contracts with low repayment ability are selected and packaged with spot contracts such as treasury bonds, gold, and oil.

Reuse contracts with high-quality repayment capabilities and other junk bonds to form a second financial product, which will be evaluated by rating agencies.

It is easy for Citibank to transfer creditor's rights and risks to investors, and also earn another transaction fee from the transaction.

Of course, some people will say that oil and gold will rise, and Citi will suffer a loss if they sell it.

But Citi is a commercial bank. It can not only absorb deposits, but also has all the functions and powers of an investment bank.

This morning, it took out 10 million gold and oil contracts as a portfolio bond. In the afternoon, Citigroup could buy back the same number of spot contracts in the market at a markup lower than the subprime mortgage transaction fee.

In other words, as long as gold and oil do not fall, Citi can always earn transaction fees and spreads.

Even bite his mouth to the Fed.

However, for the sake of confidentiality, the Fed is still let go of the profit of this model for a period of time.

After all, apart from Citigroup, the powers that control the Fed are not fools, and it's impossible not to notice it for a long time.

Fortunately, because of the unrestricted expansion of several large consortia in this era, Americans have always controlled financial institutions strictly.

The harm of financial derivatives will certainly not be as serious as decades later.

Moreover, it has always existed, but the bank did not expect to combine junk bonds with good assets to make the cake bigger and earn more transaction fees than good bonds.

As for who will suffer in the end, it must be the US government and ordinary people.

As for issues of conscience and morality, capitalists don't care about them.

What's more, it is the vampires of Wall Street who maintain the high credit and high quality of life of Americans.

Investors want to kill their investment managers, fund managers, nothing more than encountering a financial crisis.

When waiting for the bull market, the American leeks will be like flies, chasing after those Wall Street elites who can make money.

Therefore, since entering the market, we must be prepared to lose money.

After thinking about this in a few seconds, Li Changheng looked at the shareholders, bewildered again.

"In the next ten years, as long as you are a shareholder of Citi, even if you only hold 0.1% of the shares, I guarantee you can become a billionaire."

At this time, whether it was a major shareholder or a minority shareholder, they were all quietly staring at Li Changheng with their eyes open.

Everyone wouldn't believe what Li Changheng said, but no one would question him as a fool at this time.

The prospects of TV shopping, integration of vertical farms and offices, and word processors as computer substitutes have forced shareholders to put aside their doubts and choose to trust Li Changheng.

Moreover, since they dare to make public promises to shareholders, everyone is still willing to give Li Changheng a little time to prove themselves.

And Li Changheng's next words made everyone more convinced that he was not talking nonsense.

Bringing some shareholders into the meeting room, Li Changheng kissed Annie and asked her to go to the luxurious reception room to wait for herself.

Unexpectedly, Annie's expression was tangled, her eyes revealed a cautious look, holding onto her hand.

After thinking about it a little bit, Li Changheng understood that this little girl should be telling her husband to buy Citigroup shares as soon as possible.

But he was worried that he would offend his own man.

After thinking about it, since I can't buy stocks in the stock market, it is better to be cheaper than others~lightnovelpub.net~ Even if Annie doesn't say, Philip will probably use the fund to buy Citi stocks.

A reminder is definitely better than nothing.

However, I'm a bit particular about how to say it, "Don't call or write, let Butler Meryl fly to London to avoid being caught by the inside information.

Moreover, you are my fiancee, and you must not buy Citi stock at this time. "

Annie nodded happily, then grabbed Li Changheng's hand and shook it a few times. She smiled and asked, "It's almost winter, I want to buy a sable coat, okay?"

Of course, Li Changheng will not be stingy in this matter, let alone tens of thousands of dollars, even more than tens of thousands are no problem, "I will accompany you to go shopping in the afternoon."

Annie suddenly smiled brightly.

Li Changheng scented her mouth a few times, and asked Banks and Dao Feng to take care of Annie.

He walked into the conference room and waited for the idlers to leave. After scanning dozens of shareholders, he walked to the podium.