Oku kungaba njani?
I-TIPS ingaba njani neentsikelelo ezibi
Impendulo kukuba isivuno kwisibophelelo se-TIPS silingana nokuvunyaniswa kwebhondi yeNondyebo kunciphisa izinga lokunyuka kwamaxabiso okulindelekileyo .Oku kuyimpawu ebalulekileyo ye-TIPS - zenzelwe ngaloo ndlela. Ngenxa yoko, xa izibophelelo zexabiso leNondyebo zithengisa kwiintengo ezingaphantsi kwexabiso elilindelekileyo lokunyuka kwamaxabiso - njengoko kuye kwaba njalo ukususela ekupheleni kuka-2010 - i-TIPS isivuno iya kungena kwintsimi embi.
Makhe sijonge ngoJulayi 17, 2012, kwakhona njengomzekelo. Ngaloo mini, inqaku leNondyebo le-10 leminyaka lalingenayo i-1.49%. Nangona kunjalo, ngokusekelwe kwizivuno zokuthelekisa ze-TIPS ngokubhekiselele kwi-vanilla ecacileyo, abatyalo-mali babelindele ukunyuka kwamaxabiso angama-2.13% kwiminyaka elishumi ezayo. Ukuba uthabatha le 2.13% ukusuka kwisivuno seminyaka eyi-10 engama-1.49%, umphumo uyinombolo engafanelekanga ye-TIPS ye-10: -0.64%. Ngethuba nje ukuba iSebe lezeMali liqhubeka linika izivuno ngaphantsi kwezinga lokunyuka kwamaxabiso okulindelekileyo, i-TIPS iya kuhlala kwindawo engakhiyo.
Kodwa kutheni ukuba abatyali-mali bathathe isivuno esibi?
Ukubuyiselwa Kwangempela Kwemali kuNondyebo
Ekubeni ubuso babo, kubonakala kungekho ncazelo engqiqo kumtyalo-mali obeka imali kwi-investment engabhawuli kuphela umrhumo, nangona kunjalo incinci, kodwa empeleni ityala umtyalo-mali ukuba abambe imali.
Enyanisweni, le nto inokuthi yinto eqhelekileyo "i-vanilla ecacileyo" kunye novimba. Ukuba, umzekelo, uthenge inqaku leNondyebo elihlawula inzala ye-2% ekuvuthweni kwaye izinga lokunyuka kwamaxabiso ngokwemali li-2.5%, ukubuya kwakho kwangempela ku-0.5%. Ukwahlukana kwezivuno ezingekho phantsi kobuncwane obuqhelekileyo kunye ne-TIPS kukuba ngenxa yendlela amathiphu ahlelwe ngayo, isivuno esibi siyabonakala.
Ukuvelisa okungekho nto kunye ne "Flight to Safety"
Into eyaziwa ngokuthi "ukubalekela ekukhuselekeni," okanye, ngokunye, "ukubalekela kumgangatho," kuchaza ukuba kutheni amafama atyhola ngamanye amaxesha avuma isivuno esibi kwi-TIPS okanye nayiphi na enye ingcebo. Ngamaxesha okungaqiniseki kwezoqoqosho, ukubakhoyika kootyali-mali ukulahlekelwa ukutyalomali kwabo kusoloko kunciphisa umnqweno wabo wokubuyiselwa kwembuyekezo. Kwiindawo eziphantsi kwezinga lentengo, umzekelo, nangona izibophelelo eziphezulu zithengisa iimveliso ezibophelelayo ezivelisa izivuno ezilungileyo, abatyali-mali ngokuqhelekileyo bayabahlenga ngenxa yokuba (ngokuchanekileyo) bafumana ingozi enkulu. Enyanisweni, oku kuchaza ukuba kutheni izibophelelo ze-junk zivama ukubonelela ngeemveliso eziphezulu kwiimeko ezixakekileyo: abatyali-mali kufuneka bafumane ingozi ngokukhethekileyo kwimingcipheko yabo imali xa imali ingabonakali iyingozi kunexesha eliqhelekileyo.
Ngesizathu esifanayo, iibhondi zamabakala otyalo-mali, kunye noNondyebo, ngokukodwa, bathambekele ngokunikela ngezinga elincinci lentlawulo kwixesha elinzima. Ngenxa yokuba imfuno yokhuseleko olukhuselekileyo lunokunyuka koqoqosho oluxakekileyo, ababoneleli banokunciphisa inzala yabo inzuzo engaphezulu kunexesha eliqhelekileyo, beyazi ukuba abaninzi abatyalo-mali baya kubathabatha -baleka kwiindawo ezikhuselekileyo. Enye indlela efanelekileyo yokujonga le nto kukuba yiphumo lokubonelela kunye nesiganeko semfuno.
Ngokomzekelo, umnqweno lwabatyalomali utyalo-mali olukhuselekileyo phakathi kweengxaki malunga neengxaki zematyala eYurophu ezakhawuleza ngo-2009 zaqhuba umvuno kwi-vanilla elula. Ngamanye amazwi, ukhuseleko lwaba luleke kakhulu abatyali-mali bekulungele ukuwamkela okwenene (emva kokunyuka kwamaxabiso) abuyele kuwo onke amaNondyebo, kungekhona nje ama-TIPS, ngokutshintshela ukubuya okuqinisekileyo kwinqununu.
Kutheni abaTyalo-mali bathabatha ii-TIPS ngeemveliso ezimbi
Abatyalomali bayaqhubeka bethengisa i-TIPS ngeemveliso ezimbi ngenxa yezi zizathu:
- Ukukhuselwa kweNqununu: Njalo ixhalaba ngabatyalomali kwiimfanelo, kodwa, njengoko kuphawuliwe, ikhuthazo ngokukodwa kwixesha elibi loqoqosho;
- Umngcipheko we-Inflation: Abanini-zimali abaninzi benza izinto ekulindelwe ukuba imigaqo-mali ye-Federal Reserve yokukhuthaza kwezo zihlandlo zezoqoqosho ezixinzelelekileyo ekugqibeleni iya kubangela ukunyuka kwamaxabiso ukukhawuleza. Ukuba ukunyuka kwamaxabiso kukhawuleza abatyalo-mali baya kuphinda bafumane ukubuyela okulungileyo kwi-TIPS kuba inqununu ye-TIPS iguqula phezulu ngamanani emali. Ekugqibeleni, olu lungiso olusentla lokulwa nokunyuka kwamaxabiso luya kunika intsebenzo enqabileyo yentsebenzo eye yabonisa i-TIPS esikhathini esidlulileyo.