Be sure to pay attention to me in blue.

Last Thursday, I asked you a question: Is the title of a certain Hui good, or are there more people paying attention to the stock market?

the statistical result is: the title has been picked up, and the title party has read more.

I'm relieved. I'm really worried about the market trend recently.

1 Market Views

Last Friday, the Shanghai Composite Index opened higher and went lower, closing down slightly by .66% to close at 3,159.5 points; Growth enterprise market refers to four consecutive yin, closing down .13% to 1824.59 points. The market turnover continued to shrink. The total turnover of the two cities was only 396.3 billion yuan, a decrease of 32.2 billion yuan from the previous trading day, and most of the industry sectors closed down.

I stared at the market all day, and saw that gold also went up, crude oil also went up, and stocks went down, so I wondered if there might really be a fight. As a result, the United States, Britain and France launched missile air strikes against Syria on Saturday, launching more than 1 missiles. It is expected that the stock market will open directly lower tomorrow, and the subsequent evolution will become the key. Affected by risk aversion, short-term gold and oil may fluctuate upwards.

In fact, last Thursday's article "What's the gap? A list of people who are stuck at work every day vs. 2 minutes early (click to read the original text) is a list of assets allocation of a certain Hui in the second quarter. Students who haven't had time to read it can read it again. I specially added suggestions on the allocation of gold and oil.

2 jokes are eye-catching

Why attack Syria?

AEF: We suspect that he has weapons of mass destruction.

why not attack Russia?

AEF: He really has weapons of mass destruction.

Some Hui: Fortunately, we were born in a peaceful country ~ ~

Friends circle can sometimes reflect the girl's humanity to the fullest.

if she is beautiful, she will probably be narcissistic;

if she is rich, she will probably show off her wealth;

If she is clever, she likes to be clever.

if she is knowledgeable, she is likely to be a good teacher;

if she is not beautiful, rich, clever or knowledgeable, she will probably be blacked out.

Some Hui: I encourage everyone to get more sun, regardless of what others think ~ ~

Now this kind of weather is:

those who wear more admire those who wear less,

those who wear less admire those who wear more,

those who wear neither too much nor too little admire those who wear less.

A certain Hui: The chef who sells breakfast told me that the soybean milk had to be cold two days ago, and it had to be hot in the morning these two days. No one is blind this year in Wuhan ~ ~

3? E

Let's talk today: Why are almost all mutual gold platforms made into Ponzi schemes?

introduce myself again. I am a senior financial practitioner with IT thinking, majoring in computer science and finance for graduate students. Since 213, I have been particularly optimistic about the Internet finance business and have been paying attention to and studying the development of this business.

at the end of p>214, I went to a company for an interview and met its bosses. At that time, I mainly talked about the company's internet finance business.

actually, from the perspective of traditional financiers, internet finance is-internet technology+financial application, technology is the bottom layer, products are the carrier, and risk control is the soul.

However, my thinking is obviously out of tune with the fantastic words "reinventing business model" and "O2O" that were circulated at that time.

of course, the interview failed.

I remember very clearly. Before I left, the boss asked me a question:

"Now Tencent has a technology that can match and review the needs of lenders through the Internet and realize loan issuance through the Internet. So, how can the traditional credit process of banks compete with it in efficiency and cost? If there is really a way to achieve it through computer algorithms, what do you need banks for? "

I couldn't answer this question at that time, but I think I can answer it again today-

"Internet finance can only solve technical problems, and the core of finance lies in how people who use technology control and isolate risks through systems and processes.

Identifying, preventing and resolving risks through product design and system flow is the core secret of commercial banks, and it is not just anyone who can fool people by setting up a platform and a concept.

if internet finance can't do this, it can only explode more risks. "

Speaking of which, I remembered a story I once told on WeChat WeChat official account-

(see "The King called me to visit the mountain" on February 19, 216 (click to read the original))

In p>211, my mother bought a high-interest product of the company "General Red", which was next to a provincial branch of a bank.

at that time, I told my mother: this is a lie.

On the contrary, she questioned me for three reasons:

(Knocking on the blackboard, which is the reason why most people fall for it)

First, all my friends around me are buying, and others buy hundreds of thousands;

second, I pay interest every six months, which is quite good.

thirdly, if you rent the building of your bank, there will definitely be no problem with your credit.

I repeatedly asked her how much she bought? She said first that she only bought 4 thousand.

Later, I repeatedly explained to her that she was still skeptical. I only threatened not to come to me and cry if something happened in the future, and severely warned her not to invest any more, and she would get the money back as soon as it expired.

several years later, she accidentally let it slip, and I realized that she bought 8, instead of 4,.

fortunately, I got the money back in 213 (the product expires in two years).

Just now, I looked up this company on the Internet. As a result, many elderly people bought it for tens of millions, and finally lost all their money. So far, they have not recovered it.

I have never felt so wise, and I have never felt so much malice in the world. That was a close call ~~

At that time, I once said in an article-

"Although my mother's money is back, I still have a lot of regrets in my heart, even though I tried my best to tell all kinds of front-line personnel in various trainings within my ability, so that customers should not deposit their money in third-party wealth and other companies, because: you want others to pay high interest, and others are staring at your principal.

I am also rethinking. If in 211, I can let more people know what I think of these companies as soon as possible, even if I make some noises, so many old people will not be deceived.

Because of this job, I have learned more professional knowledge and common sense of risks, and my relatives have been spared from being caught in it, and the savings of the elderly at home have been kept.

But there are more elderly people who don't have these experiences and abilities. It's really pitiful. This is the biggest risk-they lose all their principal when they don't have time to turn over their books. "

Back to the topic, why are almost all mutual gold platforms made into Ponzi schemes?

first, there is a surplus of funds and capital. In 215, under the call of that famous slogan, funds fleeing from capital allocation and stock market sought new development direction, and hundreds of millions of venture capital poured into the internet finance industry, which caused an industry bubble.

second, the asset quality is declining gradually. With the influx of funds, the more late it is, the harder it is to find good asset targets. I have repeatedly said that if a good enterprise needs financing, the first step is to find a bank, because bank funds are cheap. What banks don't want to do is often given to brokers and trusts, which is the second step; The rest of the third step and even the n step can be put into internet finance enterprises, split into targets and sold online.

what the bank doesn't do must be that the collateral is defective or the lender has credit risk. Therefore, although the target that the corresponding Internet finance companies can get is high in income, the corresponding risks are also great.

third, once you step on the thunder, you will make a false product renewal. The later, the worse the assets, the more difficult it is to make money. This is a common problem in the entire Internet finance industry.

in the long run, there will definitely be assets that cannot be redeemed, and the platform can only keep issuing new products for redemption.

fourth, if you have quick money, who wants to get up early and get greedy for the spread?

at this stage, I think it is equivalent to opening Pandora's box: some mutual gold platforms feel that they can raise money without the asset target, which is much faster than I have to find assets every day.

at this stage, the mutual fund platform has always seen unregulated use of funds, misappropriation and abuse of funds, and even fatal self-financing (providing money to shareholders for use).

of course, this is the development path of a fairly standard platform-capital will eventually destroy capital itself.

We professional financial professionals only need to hold our own positions, upgrade our weapons and shells, practice martial arts, and wait for the enemy to destroy themselves. Of course, we should try our best to help customers identify risks, even if it is only a kind reminder.

Again, if there are customers who bought products on this platform, please go and get the money back as soon as possible. There are too many thunder.

It's my long-standing regret and chagrin to listen to a song "Summer in Distant Memory". Although our personal influence is very small, we should try our best to make a faint cry. However, I also know that there are still many people who are deceived, but doing it is better than not doing it. Good night, see you tomorrow ~~

Suffix: the fund is risky, so you should be cautious in investing. It only represents personal views and does not constitute specific investment advice.

At 22: 43 on April 15th, 218 in Wuhan

A marathon runner said: When the body doesn't belong to you, the soul will be within reach ~ ~