He was reducing his holdings while simultaneously buying more, careful not to let the price fall too quickly.
When the price rose, he would reduce his holdings; when it dropped, he would buy more. The T 1 settlent rule wasn’t a problem for him, as he could operate on a T 0 basis every day. Whatever he bought at a low price, as long as the market went up, he could imdiately sell it at a higher price to profit from the spread.
If the stock fell below 38 yuan, he would buy in to push the price back up before selling again. Once it reached 39 yuan, he could sell off a portion. How much he sold depended on how many buyers were in the market.
In the stock market, those with a large number of shares and substantial capital always held the advantage. Retail investors, on the other hand, were just there to be fleeced. It was difficult for them to make money; they might earn a little occasionally, but they often lost big.
Furthermore, Yi Anguo had the advantage of knowing that National Liquor shares would inevitably surge one day. Therefore, after buying in at a low price, it was impossible for him to sell at a loss. If he wasn’t making a profit and the market was poor, the worst-case scenario was to simply hold on. The price would always recover eventually.
He also didn’t need to worry about waiting too long; at most, it would be two or three months.
As long as the cash flow holds up, if you dare to keep falling, I’ll dare to keep buying until you can’t fall any further. The mont you start to rise, that’s when I’ll make my money.
Although Yi Anguo couldn’t keep buying indefinitely, the stock price wouldn’t fall forever either. There would always be a rebound. Besides, his cost basis was only 28.79 yuan. No matter how much the price dropped, as long as it didn’t fall below that number, any sale would be profitable.
The real estate agency was no longer a solo operation. Yi Anguo had hired more than a dozen experienced real estate agents. A woman nad Chen Hong was appointed as the sales departnt manager, while Wang Bing served as the rental departnt manager, still primarily responsible for managing rental matters.
Although Wang Bing’s job description had barely changed, she now had a few subordinates and had begun to handle rent collection directly. Previously, Yi Anguo had collected the rent in person, while Wang Bing was only responsible for making calls or visiting tenants to urge paynt. But now, Yi Anguo had essentially delegated this authority to her, allowing her to collect the rent directly and deposit it into the bank.
Moreover, when a vacated property was rented out again, a service fee equivalent to half a month’s rent would be charged. A portion of this was a commission that Wang Bing was also entitled to.
Yi Anguo had also arranged for Wang Bing to attend financial training courses long ago. She had smoothly passed the assessnt and obtained an accounting certificate, so managing finances was naturally no problem for her. Over the past year, Wang Bing’s performance had greatly satisfied Yi Anguo and earned his trust. As one of his earliest employees, he certainly wouldn’t mistreat her and had planned out her career path well in advance.
As for the real estate agents, their base salary was very low, only 600 yuan. To make money, they had to rely entirely on commissions. They only got paid if they sold a house.
Basically, as long as they could facilitate one transaction a month, they could earn a decent amount. In Shenzhen City’s downtown area, a 100-square-ter house normally cost around 600,000 to 700,000 yuan, while older ones went for about 300,000 to 400,000 yuan. Based on the minimum two percent service fee, the commission would be at least 6,000 to 7,000 yuan. From that, an agent could personally receive a commission of around 2,000 yuan.
But if they were lucky, they could certainly close more than one deal, and then they would earn much more. As long as one was diligent, worked hard, and had a bit of luck and good people skills, earning tens of thousands of yuan a month wasn’t very difficult.
The property market was already beginning to recover, and with prices on the rise, anything was possible. The higher the house prices climbed, the easier they were to sell, leading to more active transaction volus. However, prices were just at the beginning of their ascent, and many people were still in a wait-and-see mode, so transaction volu was not yet high.
But the long-term market forecast was bullish, so developers had already raised their prices collectively. Even though sales volu hadn’t caught up, prices were already on the move.
The storefronts from the second and third phases, which had been temporarily used for rentals, had all been leased out. The newly opened real estate agency had beco Yi Anguo’s final base of operations. He had set up a private office for himself there, which included a renovated rest area with a private bathroom and shower.
Yi Anguo basically didn’t interfere with the agency’s daily operations, leaving them to Chen Hong and Wang Bing. He only reviewed Wang Bing’s financial statents to keep a handle on the company’s financial situation.
Currently, the agency’s operations were running smoothly. They had plenty of listings, and the transaction volu was stable at about thirty houses per month—an average of one per day. This ca out to an average of 1.7 houses per agent each month, aning each agent could typically close at least one deal monthly. The top-performing agent had closed four deals in a single month, earning a commission reward of over 10,000 yuan.
The agents’ monthly commission was calculated on a tiered system based on the total performance revenue they generated. They received a 15% commission for revenue below 10,000 yuan, 20% for revenue between 10,000 and 20,000 yuan, 25% for 20,000 to 60,000 yuan, and 30% for 60,000 to 100,000 yuan. Revenue over 100,000 yuan earned a 35% commission.
With thirty transactions, the total commission inco for the company was about 250,000 yuan, of which twenty percent was paid out to the real estate agents.
This only covered the performance commissions for the agents. Salaries and commissions for other staff also had to be paid. A real estate agency couldn’t function with just agents; it required support staff who also needed to be compensated.
In addition, there were costs such as the office rent, utilities, office equipnt, and corporate inco tax. After a comprehensive calculation, a profit margin of 20% for the company was considered quite good. Although Yi Anguo had purchased the shop himself, its rental value still had to be factored in as a business cost.
This ant that out of the 250,000 yuan in commission inco, roughly 50,000 yuan remained as profit after all expenses.
Additionally, there was commission inco from rentals, amounting to about 50,000 to 60,000 yuan per month. With 1,500 rental properties, having about fifty units turn over each month was a normal rate.
All told, the entire real estate agency’s monthly profit was around 80,000 yuan, which was quite satisfactory.
Although Wang Bing’s base salary hadn’t increased, she received a 10% cut of the half-month rent charged as commission for every property she rented out. From this alone, her monthly commission inco was around 5,000 to 8,000 yuan. It was quite normal for her to occasionally earn over 10,000 yuan in a month.
Yi Anguo was reviewing the real estate agency’s payroll report. The end of the month was approaching, and it was almost ti to issue salaries. Before they could be officially disbursed, they required his final approval and signature as the boss.
Company policy dictated that salaries were paid before the close of business on the last day of each month. The monthly pay cycle was calculated from the 21st of the previous month to the 20th of the current month. Thus, there was always a ten-day period of work that would be included in the following month’s paycheck.
This cycle repeated itself endlessly. No matter when salaries were paid, there was always a ten-day period that hadn’t yet been settled. After all, calculating payroll took ti, so a ten-day buffer was not unreasonable and was common practice in many companies.
The door to Yi Anguo’s office wasn’t locked. Soone knocked gently twice before pushing it open.
Yi Anguo looked up and saw it was Li Sisi’s sister, Li Shan Shan, who had arrived with a al.
"Brother-in-law! I brought you food!" Li Shan Shan said with a cheerful smile as she walked in.
"Oh, it’s Shan Shan! Why are you bringing food today? Don’t you have school?"
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