A colleague commented on him as "an honest and frank boy".
Fu Haitang created a 70-fold income legend when he was 50 years old. Many people call him a "farmer philosopher" and the futures industry calls him a "northern beggar".
1
Shandong rural areas walk out of futures wizards
Fu Haitang, born in 1967, graduated from junior high school, was an authentic peasant, had cultivated land to raise pigs, and had done some small businesses. At the age of 33 (in 2000, he was 34), his life ushered in a change. He started to do futures, starting from 50,000 yuan, and he found money or even borrowed money when he lost money. The "hundreds of thousands of tuition fees" rose and fell until 2000. In the next few years, it lost more than 200 million yuan. After taking out a small amount of funds, it will return to150,000 yuan at the beginning of 20 16, and then it will be the glory of 20 16.
In Fu Haitang's view, 50% of futures is not called retracement, and losses of 70% and 80% are normal. However, because of the volatility, Fu Haitang does not help people make futures investments, but invests with his own funds.
/kloc-After graduating from junior high school in the 1980s, Fu Haitang entered the social university hall, kind of garlic, cotton and wheat, and then started to do some small businesses, selling fur and plastic products. From 1996, I started to raise pigs and engage in aquaculture. Until 2000, 33-year-old Fu Haitang officially opened a futures account through the accidental introduction of a friend, and then jumped into the futures market.
However, like most novices, Fu Haitang, who just entered the futures market, did not make money immediately. The principal of 50,000 yuan lost money and earned money. Not only did it lose money in farming and doing business, but it also needed loans to support it. Fu Haitang hasn't done anything else since he made futures. At first, he rode a bike and took a bus every day. The bike was not behind the car. He went to Jining, and then rode to the futures trading business department. After 1989, I didn't make any money and lost a lot. "I lost hundreds of thousands back and forth," Fu Haitang said.
His persistence began to pay off on 20 10 in 2009: he used the principal of 50,000 yuan to make more garlic and cotton, and in a year and a half, his assets turned to 65.438+0.2 billion, which made Fu Haitang famous in the industry. After earning money, Fu Haitang also moved to Jining City, and no longer needed to travel from rural areas to urban areas every day.
"At that time, garlic plummeted, the production cost was 1.2 yuan/kg, and the storage cost was 0. 15 yuan/kg, but the most expensive variety only sold for 0. 17 yuan/kg, and garlic farmers and traders suffered serious losses and the planting area decreased." Fu Haitang recalled that although the inventory was large, the supply enthusiasm of garlic farmers and traders declined, and no one was bullish.
Sure enough, Fu Haitang's judgment was verified. When the global swine flu broke out, it was said that eating garlic was good for preventing swine flu. The old garlic in stock was snapped up. Because growing garlic does not make money, the supply of new garlic is in short supply. Before long, the price of garlic doubled, from 1 to 3 yuan's, increasing by more than 30 times. In less than three months, Fu Haitang earned 6 million. "This seems to be an accident that changes the relationship between supply and demand, but it is actually inevitable. If the price of garlic does not increase in 2009, garlic will be gone. Even if there is no outbreak of swine flu, God will certainly create conditions to cooperate with the price increase. " After mastering the rules of futures and spot, the following year, Fu Haitang used the 6 million yuan earned by garlic to make more cotton, and the funds quickly increased from 6 million yuan to 65.438+0.2 billion yuan.
2
Life needs a windfall of 65.438+0.5 million yuan a year to achieve 65.438+0 billion.
From an ordinary farmer to a billionaire futures tycoon, the legend of Fu Haitang is inseparable from his unique outlook on life and wealth. Fu Haitang believes that people's life is limited, and it is too late to make a windfall if they want to make big money. "since ancient times, it has been' people are not rich without windfall, and horses are not fat without night grass'. Man's life is limited, and it turns white in a blink of an eye. How can I grasp the time step by step? "
Fu Haitang sighed, "I will be 5 1 year-old (nominal age) after the New Year. The cycle of life is actually very fast. In his 20 s, he was not sensible, but in an instant he was 30; Entrepreneurship has not been successful, and it will be 40 in two years; It's time to change shifts when you're old. Kids, it's time to go. You have to go down. I am old in the blink of an eye, how can I have time? "
Fu Haitang's view of wealth is also very different from others. When everyone thinks that borrowing money for stock trading is too risky and not feasible, Fu Haitang dares to borrow money to speculate on futures with greater risks; When everyone carefully controlled the position to take profit and stop loss, Fu Haitang dared to enter Man Cang, and the more he fell, the more he bought.
"The risk comes from the judgment of the market, and the biggest risk is the misunderstanding of the market. The so-called risk control and fund management are biased, and the core is to treat the market correctly. As long as you have a correct judgment on the market, of course, you must enter the whole warehouse! " Fu Haitang said with a smile: "Futures is to make money to predict the future of the market. Why do you want to lighten up your listing? "
Based on the above ideas, Fu Haitang can not only withstand the ups and downs of nine years when he first entered the market, but also withstand the large-scale withdrawal later to make a profit. During the years of 20 13, 20 14 and 20 15, Fu Haitang lost more than 50,000 yuan of the principal he had earned before. 20 16 However, Fu Haitang earned 15000000000 yuan in less than one year, and his assets increased 70 times. The method is no different, or judge the fundamentals. Judge the relationship between supply and demand in the market, and then determine the buying point in combination with market sentiment, and make black, cotton, soybean meal, glass and other varieties in turn throughout the year.
"20 16 is a special year, and more than 40 varieties broke out in an all-round way. Take the black part as an example. At the end of 20 15, the steel mills almost suffered a total loss, and the inventory decline was unstoppable. Demand is still good, and backward production capacity is gradually eliminated. More importantly, credit supply surged to a new high of 20 16 in June, releasing 2.5 trillion yuan. These are the fundamental logic that supports the rise of black. At that time, the fundamentals were no longer' bad economy, sluggish demand and overcapacity', and the fundamentals were effective. " However, he said that although he earned nearly 654.38 billion yuan, he did not fully grasp all the market conditions. For example, rebar only grasped the first two waves and missed the biggest rise of the third wave.
As for the commodity futures market of 20 16, Fu Haitang thinks it is once in a hundred years, and it may be difficult to meet it again in this life. For the 20 17 futures market, Fu Haitang said that it is difficult to have big opportunities, and the focus is on the impact of national policies on the relationship between supply and demand. Fu Haitang said that investment is a lifetime thing, and it will continue as long as the body allows.