Recently, I found out from Douyin that among the products that reap the rich in China, there is a particularly awesome one called Haiyin Wealth, which has reaped more than 70 billion. The amount of funds is secondary. The most important thing is that this fund has lasted for 18 years!

22 shell companies, 49 fundraising accounts, and 465 financial products issued.

The most amazing thing is that all the underlying assets invested by this company are fake. Unlike Xu Jiayin, who at least has unsold houses to repay debts, this kind of person has nothing. After the thunderbolt, investors can't recover even a little loss. What a pure Ponzi.

When I was a child, I always thought that people who were fooled by the Ponzi scheme were so stupid. Didn't anyone do a careful investigation and throw all their wealth into it to earn interest? They cried and blamed the government after the thunderbolt.

Now I have more experience, and I have seen and played a lot of plates. I found that the Ponzi scheme is also mixed with a lot of human weaknesses. In fact, many people know that it is a plate, but as long as they don't take over, what's the problem?

It can even be said that many economic activities in the world are also based on Ponzi schemes (such as social security in various countries). As long as the plate can last long enough, most people will not feel anything. Why do they have to go to the death to investigate and burst the bubble? Anyway, you can't wake up the person pretending to sleep, so you might as well take a ride.

The people who got on the Haiyin plate earlier have made 8-10% per year (in recent years), and the income is settled every six months. With 18 years of compound interest, they have already made a lot of money.

So the take away of Haiyin is:

1. When an emerging market/market is on the rise, it is worth participating in a strong and rigorously designed plate.

2. When the market/market starts to reach the top and go down, the funds are weak, and even the most powerful and sophisticated plates may burst. Don't be lucky at this time. No matter how high the income is, you must stop. Fund safety is the first priority. If you want to buy, only buy the world's strongest plates, such as US bonds backed by the US government.

3. Control greed, withdraw the principal in time, and let the income fly.

4. The duration of the project can only be used as a plus point. If you really want to invest a lot of money, you still have to do your own DD no matter what others say. You can accept getting on board knowing that it is a plate, but you cannot accept being brainwashed by others and being treated as a fool who got on board.(The SPV registration address of Haiyin is either fake at first glance or a shared office with a table. A little on-site verification will reveal that there is a problem)

4. From time to time, read the three-plate theory written by Pan Ge @thecryptoskanda to improve your understanding and identification of the plate, choose the right time to enter and exit the market, and strive to increase your chances of winning in this huge grass-roots team in the world.

The picture shows the founder of the Ponzi scheme, Charles Ponzi