Omniscient Investment Point - Chapter 230



Only Noblemtl

230. Buy Japan – 1

(1)

JTS Partners has more ammunition than ever before, so is there a need to even have a blind fund?

There may be people who ask this question, but the question itself is stupid.

The more investment capital, the better.

The reason for the existence of private equity funds is to gather as much as possible, invest as much as possible, and make large profits.

So the next day, I announced to the people that I was pushing for a blind fund.

“But I would like to give this blind fund a name.”

“What name?”

“Blind Fund for Clean Retirement Preparation.”

“······.”

Was it because the name was a bit absurd?

Tak Jun-seok’s expression became blank for a moment.

“Th-what is that?”

“What is it? It’s exactly as the name suggests. It’s a fund for preparing for a clean retirement.”

“So. What does that fund invest in?”

“The meaning is always hidden in the title. There are so many places where you can use the word ‘clean.’ Right now, it’s clean energy like hydrogen.”

“ah······.”

Tak Jun-seok now looks as if he understands something.

“What about retirement?”

“Domestic retirement pension returns are so high. It’s not good.”

“Well, it’s only 1%. It’s embarrassing.”

“Would that be enough to prepare for a proper retirement in this day and age when people live to be 100?”

“Then, it’s similar to a personal pension or retirement pension.”

“It’s similar, but it’s a bit more radical.”

“Breakthrough?”

“Should we call it a fund to create a FIRE tribe?”

“omg······.”

FIRE is an acronym for Financial Independence and Retire Early.

Who wouldn’t want that?

It was just a dream that was difficult to achieve.

But what if a blind fund targeting the FIRE tribe were launched?

“Sir, that’s a fund that’s easy to hear people call you crazy. If you do it wrong, you’ll get burned to death.”

Because it was too absurd.

But I shrugged my shoulders and expressed my confidence.

“Well, it’s definitely worth the challenge. I think so.”

“Whew, this is going to be an issue······.”

“Well, this isn’t a fund created to attract attention. I really wanted to create this fund in the hopes that people who subscribe to it will become FIRE tribe members.”

“Okay, okay. I’ll design it first. But how much are you going to make it this time?”

“It’s at least a small amount. We’re not only going to invest in domestic companies.”

“So how much?”

“It’s Group 3.”

“Three groups?”

Tak Jun-seok’s eyes roll back again.

I know it’s a lot of money.

“The world is wide and there are many places to invest······.”

“Still, that’s true······.”

“Let’s give it a try. This is also a challenge. Let’s see if they trust JTS Partners and raise 3 trillion won.”

“I don’t know······.”

Is Tak Jun-seok also burdened by the amount of money?

He shakes his head from side to side.

(2)

At that moment, Hyun Ki-hyuk also contacted me to see me.

I had a gut feeling that it was something related to Japanese magnetics, and headed straight for H2K Partners.

And a little while later, as soon as I entered the chairman’s office, Hyun Ki-hyuk offered me tea as usual.

“What kind of tea would you like to drink?”

“What kind of tea would you like?”

“Hahahaha.”

He burst into his characteristic laughter and offered me a cup of oolong tea, and while it was being prepared, he brought up the subject of pensions.

“When the new government comes in next week, I think they’ll start by touching retirement pensions. That’s been on the news all along.”

“Yes, I saw it too. But if it’s only 1%, the place that runs it is extremely incompetent.”

“That’s right. Even the national pension isn’t that much.”

“Thank goodness they’re giving us a chance, so let’s give it a try.”

“Well, it won’t be easy. Taking something away from someone isn’t something just anyone can do.”

I nodded.

The people in charge here refer to the places that manage existing retirement pensions.

For reference, there are two types of retirement pensions: DB and DC. The former can be managed by companies and the latter by individuals.

Furthermore, the DC type is a form in which individuals entrust their operations to a financial institution.

However, this does not mean that financial institutions do not operate the DB type.

Even if the retirement allowance is confirmed, companies do not put the money in a bank account but instead entrust it to a financial institution for management.

Preserving principal as safely as possible.

As a result, the yield is low, in the 1% range.

But last year it was extreme.

A while ago, the yield pointed out in the media was only 1.02%.

This is because companies rely too much on principal-and-interest guaranteed products.

If you can roll your money into a contract structure with less liability, you can definitely get a higher rate of return.

Even though they know this, companies just leave DB-type operations alone, and once they manage it, the operator sucks up all the honey.

“Obviously, if the government tries to touch it, the operator will start emphasizing the risks.”

“Yes, there will be more reporters who will take note of that. But you can never do that in the early days of a government.”

“That’s right. That’s why they’re laying the groundwork like this even before the president takes office.”

It is difficult for any media to strongly criticize the policy drive that the government pursues as soon as it comes into power.

Usually, they wait for about a year or two and then, when the lame duck phenomenon comes, they tend to push it in the direction they want.

That’s why Song Jae-hwan seemed to be thinking of persuading the president and seizing the initiative early on.

“The problem is speed. No matter how fast you try to push it, it’s not easy to adapt to that speed if the organization is large.”

“But you have to do it anyway. If you keep doing it, you will eventually see good results. When you see that, there is no way you won’t change.”

“Above all, if individuals change their consciousness, companies will not neglect retirement pensions as they do now.”

“Yes, I agree.”

This is a story that not only I can relate to, but anyone can relate to it.

A shift in individual consciousness.

Our country was particularly financially illiterate, and institutions and foreigners were always the main players in finance.

Here, the subject is A.

Naturally, the individual was .

It is absurd that the rich are the ones who suffer, but individuals are just suffering because they don’t know.

Song Jae-hwan spoke to me several times.

– We intend to inform the public about who companies entrust their retirement pensions to and how they are being neglected after they are entrusted to them.

It was a good try.

You can look forward to it.

How will individuals who know this change?

However, excessive expectations were prohibited.

“There will be some changes at first. But don’t expect too much. We have no choice but to share it with the places that used to manage the money and the new places that are rushing in like hyenas. Eventually, it will really come down to us at the level of small change.”

“Well, I know. But why do you keep emphasizing it?”

“Why? Are you worried that I might have too high expectations for that amount of money? I’ll be spending a lot of money soon.”

“Oh, you mean magnetic?”

“That’s right. I think the bankruptcy will be resolved tomorrow. That is, unless something dramatic happens.”

I chuckled.

Because I now understand what this gentleman meant.

We had tentatively concluded to acquire Magnetic in Japan.

The acquisition method is to purchase bad debt.

“How much do you think it will cost?”

“How much do you think you’ll make?”

“Even though it is a company that is in the red, its annual sales are 18 trillion won. I think its sales might be its value.”

“That’s right. It’s worth 18 trillion won. And if the electric car era comes to Japan, there will definitely be a premium.”

“Then, does that mean that more than 9 trillion won is needed for the acquisition?”

“It seems so in terms of calculations.”

The most certain way to secure management rights in a company is to acquire ‘50% + alpha’.

Therefore, if the ransom is 18 trillion won, then it is possible with ‘9 trillion won + 1 week’ in terms of calculation.

However, if it is a place that has gone bankrupt, it should be reduced significantly.

“Since bad debt is like trash, 2 trillion? Or, would 3 trillion be okay?”

“It depends on the amount of bad debt. We’ll probably need around 4 trillion.”

“wow.”

4 trillion, that was a really huge amount of money.

An amount that would have been unthinkable in the past.

“We can prepare from 2 trillion to 3 trillion. It depends on JTS.”

Hyun Ki-hyuk looks at me cautiously.

It means that it is up to my judgment whether I should pay 2 trillion or 3 trillion.

I said with a smile.

“I’ll do 2 groups.”

“······?”

“why?”

Looking at the question mark engraved in his eyes, I quickly asked.

“Why? Because it exceeded my expectations.”

I chuckled.

‘You already noticed.’

In the context of the previous post, I thought that even 1 trillion would not be easy.

Even if we hit the jackpot on NASDAQ this time, 2 trillion won is a huge amount of money.

Because there are more than one or two places where we have invested and will invest in the future.

This gentleman may not know it, but he was thinking of joining hands with Dr. Katy and taking over Shinra Pharmaceuticals.

Also, we were looking for properties in the construction sector by joining hands with Good Day Group.

“We will be launching a blind fund soon.”

“Aha. How much?”

“Three groups?”

“and······.”

He seems surprised by the amount.

In fact, in Korea, other than H2K, there were few places that successfully sold out units.

Even though I know that, I try to brag a little.

“Why are you doing this? You’ve saved up 10 trillion won. I have pocket change.”

“Hahahaha.”

What I say is true.

H2K has experience raising up to 10 trillion won through a blind fund.

What’s more surprising is that the fund boasted an annualized return of 25%.

For that alone, I couldn’t help but respect this gentleman.

“I was surprised by the amount of 3 trillion won, but already? I can’t help but think that. We also started a blind fund with 1 trillion won after building trust for several years.”

“And you always proved your presence in the market with your sales after selling out.”

“Is that so? Hahaha.”

“Honestly, I respect you. If I were to say it right in front of you, it would be embarrassing.”

“No. I’m not the type of person who feels embarrassed about such things. But I don’t want to be respected. If I fail later, I’ll just come back to the ship.”

“You have no experience of failure, so I can’t imagine.”

“I’ve been at the crossroads of success and failure many times in the beginning, just like you. But these days, I’m only taking the safe path.”

“You are managing a fund with an annual return of over 20%. Is that a safe path?”

“Hey, is that a match for you? This fund’s performance is the best ever.”

One big hit brought about another giant evaluation.

In fact, the return on blind fund number 1 that was finally confirmed today was 6,567%.

“That’s why I’m thinking of taking over Magnetic this time, because I want to reminisce about the past and try again. In other words, you influenced me.”

I smiled again at the pleasant compliment.

And then the question.

“When are you going to Japan?”

“Of course tomorrow.”

“Let’s go together.”

“Me, okay.”

Buy Japan is imminent.