2024-08-16
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Who says investing in funds is a sure win? Look at the record of Liu Yanchun, who lost 43.7 billion in three years. This number is shocking enough. But what is even more shocking is that this big man not only did not lose money, but made a lot of money! 3.6 billion management fees were pocketed. This is really amazing.
You say that the life of this fund manager is so comfortable. Managing 6 funds, the annual salary is tens of millions, and in three years, he has pocketed 138 million. This income, I am afraid even the first-line stars would be jealous, right? But the problem is, the stars still have to make movies and sing, what about this fund manager? Just relying on a few numbers can make a lot of money, this business is too cost-effective, right?
What is the most infuriating thing? Regardless of whether the fund makes money or loses money, the management fee is charged without any reduction. What do you think of this? If you make money, it is your ability, and if you lose money, it is market risk? Isn't this clearly asking investors to accept their bad luck?