Muenzaniso weClassic wePortfolio yemari yemari yemari yekudyara yemari mumakore makumi matatu apfuura aonekwa formula "60/40": 60% yezvibvumirano, 40% yezvibvumirano. Maererano nekuverenga kweJPMorgan Asset manejimendi, avhareji yegore rose rekodhi yePortfolio muna 1999-2018. yakasvika 5.2% mumadhora. Asi mumakore mashanu apfuura, panguva yeiyo New Bhizinesi Kutenderera, Muenzaniso wakadaro wekutenderera uchakwanisa kuwanira mari yakawanda, uye ichaunza kurasikirwa zvachose, dzimba dzinozivikanwa dzekudyara dzaverengerwa. Vagadziri vanoisa mari vane mukana wekuita mari pazvinhu zvemari zvakawanda here?
Chii chaitikaPamwoyo yekuverenga kweJPMorgan Asset Management yakarara iyo Model Portfolio, iyo yakaiswa mari mune S & DC 500 Nguva yakasarudzwa inoratidza kuongororwa kwekudyara uye nekufunga, sezvazvinosanganisira zviono zviviri zvakanyanya kumisika yegore, apo iyo Msci World Syding Index Yakadzikira: 2008 (-40.3%) uye 2018 (-8,8,2%). Pasinei neizvi, iyo modhi dhora portfolio yaizotendera avhareji yekuwana 5.2% pagore.
Avhareji yekudyara yakagamuchira zvishoma zvishoma: Maererano naDalbars, kubereka kweiyo chaiyo portfolios paavhareji kusvika 1.9% pagore. Dalbars kuverenga kunovimbisa pamwedzi wega wega manhamba uye kutengesa kwekudyara mari nevashandi veAmerica vepedyo. Musiyano wakadaro unotsanangurwa, kutanga pane zvese, chokwadi chekuti vagari vepachivande vaiita kutengeserana zvakatarisana nekuwana purofiti pfupi, iyo mukufamba kwenguva isiriyo isingabatsiri. Nekudaro, ichi chinyorwa chehurukuro dzakasiyana.
Chii chinoteveraMitengo inogovera yakatsemuka kubva kune chaicho. Izvozvi hazvigone kufanotaura nezvekubatsira kwekudyara kwemwedzi 6-12 - iyo yakakosha zviratidzo zvemakambani haakanganiswe nemhedzisiro yenguva pfupi. Asi ivo zvirokwazvo vanoratidza vakaderera avhareji mari pamakore gumi. Model Long Forecastes dzepakati peVashandi kubva muInternet mumatanda mumisika yemasikati emari kubva kuZviratidzo zveBoutique. Uye yakakwira iyo stock yemusika inotora munguva pfupi iri kutevera, vaishamisira vanogamuchira gumi nemakore anotevera.
Nezvisungo zvakatonyanya zvakanyanya. Iyo chaiyo goho (kutora account yekuverenga) yeCorporate Bonds ine iyo yekudyara mari yehupfumi mbiri dzinotungamira, United States neGermany yave isina kunaka. Mune mamwe mazwi, investment mavari anoderedza iyo yekutenga simba reguta guru.
Mumamiriro ezvinhu akadaro, iyo classic portfolio "60/40" inogona kuratidza isina kunaka chaiyo cumulative mari mumakore gumi anotevera. Iyo Legendary Management Kambani GMM GMO inofungidzira kuti iyo yazvino makore icha "yakarasika" yeiyo portfolio
Iyo modhi yakanyorwa neanotsigira Inosvitsa Investor Johnman, inozivikanwa nzira yayo yekudzidzira kuenda kuInvestments, ndeye 60% yezvibvumirano uye 10% mari inobereka "7% pagore.
Iyi isingafadzi maonero iwayo mhedzisiro yekusiyana kweiyo itsva bhizinesi kutenderera mumisika yemastock. Pamakore emakore 2-3 tichaona zviitiko zvitatu, izvo zvichave zvakanyanyisa kudzikama mumakirasi ese ezvivakwa:
- Inflation kukura.
- Mitengo yemubhadharo.
- Kupedzisa kwezvinhu zvinwiwa mumisika yemastock nemabhangi epakati.
Mumwe nemumwe anoisa mari asina kugadzirira kutsungirira nekutsiva kwepedyo kwekirasi yemasikati mumakore anouya anogona kutendeukira kune zvakaitika kune venhau. Vazhinji vavo vanonzwisisa kuti zvisungo zvinoratidza kuti zvakashata kupfuura zvimwe zvinhu zvekirasi, uye nekuderedza chikamu chezvisungo mumapfupi mukuda mari yekudyara mune zvemari.
Imwe yeanonyanya kuremekedzwa Institutional Investors - Iyo University yeYunivhesiti Yunivhesiti Inoda - Kwemakore makumi maviri, kubva kuJune 2000 kusvika June Internal Cumulative mari ye99,9% mumadhora. Mune iyo portfolio modhi yeiyo nheyo pa2021, iyo huremu hukuru (64.5%) inoverengerwa nezvimwe zvishandiso, izvo:
23.5% - Maximum Cumulative Revenue Strategies (Mhedziso Dzokorora Strategies). Izvi zvinowanzove tswanda yemari yekudyara, kusanganisira yeHedge mari inoitirwa kuwana mari yakanaka mumamiriro ese: nekukura, kudonha kana kusimuka kana musika. Kazhinji, bhasiketi iyi ine hushoma hushoma pane chetsika stock portfolio, uye yakaderera mari yekutora panguva yekudonha kwemusika;
23.5% - Startups (Venture Capital, Govera muPortfolio);
17.5% - mari inoenderana nemari yemari uye yekuwana mari yekushandisa yefudzi (yakasarudzika buyout, lbo).
Vamwe vazhinji vanoratidzira vanochengetedza vanowedzerawo kushandiswa kweimwe mari yekudyara mari. Zvino inonakidza inonakidza kuburitsa zvigadzirwa uye mari iyo inoisa mari mune zvekutengesa mari mari inenge 7% mumaonero emwedzi gumi nemaviri. Mumakore mashoma apfuura, mari yekukweretesa (yakavanzika chikwereti) yave kuwanda yakakurumbira - inzira yekuBureaucratic kumabhangi, mutemo weiyo wakasungirirwa gore rimwe nerimwe. Iyo inotarisirwa purofiti ndeye 5% yegore rinouya.
Zvimwe zvinodiwa mari hazvisi zvevose: tikiti rekupinda rinodhura zvakanyanya. Kuti uwane mari yeHedge, inotanga nemadhora miriyoni imwe. Asi mukudyara kwemari mumatanho ekutanga kune madhora zviuru gumi zvemadhora. Izvo zvese zvinoenderana neprojekiti. Iwe unogona kuwana mhando yemhando yekuvanzika chikwereti, iyo inotorwa kuhofisi yehuwandu kubva kumadhora zviuru zana %.
Mumisika yenyika dzokunze, mumaonero angu, zvakabudirira zvakanyanya zvichave zvinoshanda mari yekudyara, yakatarisana ne:
- Makambani e-tech-tech ane breakthrough technologies uye nekukurumidza kukura kwe purofiti (kukura masheya);
- Makambani ane sousitable bhizinesi muenzaniso uye yakagadzikana purofiti, iyo inodzoserwa mukuvandudza bhizinesi (componderders);
- Makambani anounza tekinoroji esvulogies ayo anoshandura chimiro chemaindasitiri ega ehupfumi uye ehupfumi (kukanganisa).
Asi nevese vanoisa mari, zvichiri kukurudzirwa kutevedzera mitemo mitatu yakakosha yekudyara mari.
- Hazvina basa kuti imarii yaunowana, - kubudirira kwekudyara kudzivirira kurasikirwa kukuru kunogona kuve kunetsana kune yako portfolio uye yako mari.
- Izvo zvakakosha kuti udzivise chero zvigadzirwa zvekudyara, zvirongwa zvemari zvemari, kwausinganzwisise zvizere hunhu hwechiridzwa. Chii chaizvo chaunacho? Mari inoita sei mari pane ichi chiridzwa? Ndezvipi njodzi? Chii chinonzi chinwiwa? Zvakare zvimwe zvinhu zvakawanda zvehunyanzvi zvinoda kuiswa muzvikamu kana mhinduro dzekudyara.
- Izvo zvinodikanwa kuti uwane yako chaiyo yakagadzikana mwero yengozi. Iyo Emblitude ye itscillation yeRussia Stock Stock Musika, kunze kwemakore akaipa (2008, 2014, 2020), inenge 30% misika, yakavezwa misika - inenge 10%. Kana iwe usina kugadzirira kutora yakadaro ye oscillatide, zvinoreva kuti chikamu chekugoverwa muzvimiro zvako hazvifanirwe kupfuura gumi muzana, uye kugovera mari yekuchengetedza (deposits, rezvivakwa) inofanira kunge yakakwira. Kana iyo Investor inotora njodzi, iri pamusoro peiyo yakagadzikana chiyero, zvinowanzoita mhinduro dzisina kunaka uye kazhinji inowanzoita chikanganiso chinouraya - inotengesa zviridzwa zvemari kana zvichidikanwa kuti vatwe.
Ndinoshuvira zvese zvakabudirira mari!
Mafungiro emunyori anogona kusabatana nenzvimbo yeiyo vitimes edition.