Innovation * * * and Fund
In 1950s, Roy Neuberger thought that * * * mutual fund was a wonderful and clever investment way. By combining many people's funds into a fund, small investors can hold various securities of large companies. But at that time, the fund had a big defect, that is, 8.5% commission in advance. Before buying the first fund, the investor has to pay 8.5% commission fee, and this commission fee directly falls into the pocket of the fund sponsor, so his capital remains 9 1.5%.
Roy Roy Neuberger believes that the advance commission is not conducive to building trust and encouraging investment, because this commission is not paid to those who manage funds or make investment decisions, but goes into the pockets of fund sellers, so there is no need to advance the commission.
He believes that there should be such a fund, which is profitable because it can bring benefits to investors, rather than charging a certain commission at the beginning. So he wants to set up a mutual fund that doesn't charge commission in advance. This practice was unprecedented at that time.
After unremitting efforts, on June 65438+ 1 0950, Roy Neuberger's "protector" was established with the fund company, and he set up a * * * fund without 8.5% commission in advance. Although the fund developed slowly at first, people finally realized that it was a wise choice to invest in the "protector" fund.
The initial scale of the Protector Fund Company is only $654.38 +0.5 million. A few years later, the scale of the fund expanded to $6.5438+0 million. As of August 2008, the company managed more than $230 billion.
The growth of "protectors" and funds has impressed the world. Roy Roy Neuberger, with his keen investment vision, invented the investment method without advance commission, and showed his extraordinary investment ability to the world. He believes that the "protector" and the fund are successful because the fund has a long-term good record and will not bear unreasonable risks. People regard it as a way of investment, not gambling.
Roy Roy Neuberger, when summing up the "protector" fund company, said: "My investment decisions are often based on some important factors, mainly income, book value, financial status, dividends, management quality, etc."
Roy R. Roy R.Neuberger, the father of American mutual funds, is the pioneer of joint-stock funds. 201010 On February 24th, Roy Neuberger died at his home in new york, USA, at the age of 107.
Roy Roy Neuberger, an American, was born in America in 1903, stayed in Paris in 1920, and entered Wall Street in 1929. He is the only one who has experienced both the Great Depression of Wall Street 1929 and the stock market crash of 1987. He not only avoided losses twice, but also gained considerable benefits in the catastrophe.
1950, founded the low commission "Protector Fund", the father of American open-end funds. Roy didn't go to college or business school. Later, he became the pioneer of joint-stock funds. As an American professional investor who has worked for 68 years, he has never lost money in a year, and is called the winner of Century Longevity Stock Market by people in the industry. His success is not only great wealth, but also a long life and a happy family.