Can we just be leeks and be slaughtered?

Yesterday, the news about the death of Zhang Zhenxin, the chairman of Pioneer Group and the actual controller of Netcom Group, swept the entire industry. First, Zhang Zhenxin himself is a legend in the financial industry and has built a financial empire; He once bought exchanges, mining machines, and mines in large sums and bought a large amount of bitcoin. During the sharp drop in bitcoin in the second half of 2018, he sold it at a low price to stop losses. It is said that these investments have lost tens of billions of dollars in total.

In 1994, 23-year-old Zhang Zhenxin was the general manager of the Dalian Sales Department of Shenyin & Wanguo Securities. And its "Pioneer Department" started as a credit guarantee in Dalian in 2003. In just over ten years, it has collected financial licenses for financial leasing, guarantees, banks, factoring, public funds, securities, and Internet small loans; and From 2014 to the first half of 2018, cross-border diversification developed the most rapidly. It has three Hong Kong-listed companies and has a layout on the New Third Board. However, since July this year, the P2P business Wangxin Pratt & Whitney (formerly Wangxin Wealth Management) under the Pioneer Group was exposed to be overdue, and then more crises surfaced. Its subsidiaries Netcom Securities and Pioneer Payment, like dominoes, have seen risk events one after another.

Misfortunes never come singly. According to the official announcement yesterday, Zhang Zhenxin died in London, England on September 18, London time, at the age of 48, due to organ failure, alcohol dependence, and acute pancreatitis. And now the Vanguard Group has left a huge "hole".

In addition to Sino-Singapore Holdings, the main platform of the Pioneer Internet Finance sector also has a larger network information group.

It is understood that as of June this year, Pioneer Group's loan balance was about 70 billion yuan. It mainly includes three parts: one is the Netcom platform, with a loan balance of about 45 billion yuan; the second is P2P platforms such as Netcom Pratt & Whitney, with a loan balance of nearly 6 billion yuan; the third is the Pioneer Group private equity fund, with a loan balance of about 20 billion yuan. The above-mentioned sectors are overdue to varying degrees.

What can be confirmed is that, according to the information on the information disclosure platform of the China Internet Finance Association, as of the end of May, the cumulative loan amount of Netcom Pratt & Whitney has reached 164.3 billion yuan, and the cumulative number of loans has reached 5.55 million. From the perspective of loan balance, Netcom’s inclusive loan balance is 5.9 billion yuan, the number of loan balances is 130,000, and there are still 150,000 lenders. A financial empire could thus fall.

But now Zhang Zhenxin is gone, leaving behind a "hole" of tens of billions. In the world of investment, as ordinary individuals, we hope to get some warnings. Investment is not a sprint.

There is another story to share with you:

There is a boss who is doing financial POS machine business in a certain provincial capital city. Many local rich people have millions of dollars and no place to invest, so they put it in his company to collect interest. He lent the money to a Shanghai financial company. Someone in the middle heard about his company. It was no good, so the boss of this Shanghai financial company bought a sports car. He saw how he could buy a luxury car worth tens of millions without money. So I continued to vote, and I heard that the company was failing, and then the boss invited some celebrities to hold a concert and gave concert tickets to customers. It was estimated that it cost several million. A few days after the concert, the boss He ran away, and it is said that the financial company in Shanghai owed him more than 100 million yuan.

When I heard this story, I felt that this routine seemed familiar in the currency circle. Being in the rivers and lakes, it is hard to guard against.

And we are in the currency circle, and some people will indeed invest in various projects. Some of these projects will run away directly, and some will fall to close to zero, which is hard to guard against.

Can we just be leeks and be slaughtered?

so,

so,If I invest in bitcoin, ethereum and other currencies that are within my understanding and cognition, I will not be anxious because of short-term fluctuations.