Funda malunga Nokuba kutheni i-Asset Correlation Matters
Ngokutsho kweNkqubo yeeNgcebiso kwiNkcazo yokuThuthukiswa koTyalo-mali: "Ulungelelaniso luneenombolo ukusuka kwi--100% ukuya ku-100% eqikelelwe ngokubuyiswa kwembuyekezo.
Ulungelelaniso lwama-50% phakathi kwamasheya amabini, umzekelo, lithetha ukuba ngexesha elidlulileyo xa ukubuyela kwisitokisini esinye senyuka, ngoko malunga ne-50% yexesha ukubuyela kwesinye isitokhi senyuka, kwakhona. Ulungelelaniso -70% lukwaxelela ukuba i-70% yexesha abahamba ngayo kwicala elichasene-isisithi esinye sasenyuka kwaye esinye sasihla. "Ulungelelaniso lwe-0 luthetha ukuba ukubuyiselwa kwempahla ayinakunyaniswa ngokupheleleyo. Iimpahla ezimbini zibhekwa njengento engangqinelaniyo, ukunyuka kwentengo yexabiso elilodwa lungekho mphumo kwintengo yokunyuka kwempahla.
Ngaphantsi kwinto eyaziwayo njengengcamango yesikhokhelo samanje , unokunciphisa umngcipheko jikelele kwi-portfoliyo yokutshala imali kwaye ukhulise i-returns yakho jikelele ngokutyalomali kwiintlobo ezingabonakaliyo. Kuthetha ukuba abafuni ukuhamba ngendlela efanayo ngexesha elifanayo. Ukuba kukho ulungelelaniso lwezero okanye ukungasebenzi okanye ukungasebenzi, enye i-asset iya kunyuka xa enye isezantsi, kwaye ngokulandelelana.
Ukuthenga okubini kokubili, wenza kakuhle kakhulu nakweyiphi na imarike, ngaphandle kokunyuka okuphezulu kunye nodibaniso olunzulu lwendlela enye ye-asethi. Ukuphakama kwakho akunako ukuphakama njengommelwane wakho, kodwa akukho nto iya kuyenza ibe yinto ephantsi.
Ulungelelaniso lungatshintsha
Ulungelelaniso kunye non-correlation theory lwenza ingqiqo, kodwa kwakulula ukubonisa ukuba imali-mali yayingaphantsi kakhulu.
Namhlanje, iimarike azinakulinganiswa, kungekhona njengoko zizinzile kwaye zitshintsha indlela abahamba ngayo. Enyanisweni, iingcali ezininzi zezemali ziyavuma ukuba ukulungelelaniswa kubonakala kuthathe utshintsho kwi-post-financial crisis ka-2008. Ukulungelelaniswa kwimpahla yezinto zonke ngaphandle kooNondyebo base-US kwandiswe ngokukhawuleza ngo-2008 kuya ku -9, ngokweSiseko, kunye nezoNondye ngoku zilungelelaniswe ngokufanelekileyo xa zi ngendawo. Izitokhwe zamazwe ngamazwe kunye nezibophelelo ezisetyenziselwa ukuhamba kwindlela eyahlukileyo yamasheya ase-US kunye nezibophelelo, kodwa le ntsuku enye imarike yomhlaba wonke inokukhawuleza ithintele enye. Uninzi iinkampani zihlabathi jikelele kwaye azixhomeke kwelinye ilizwe okanye indawo. Ukulungelelaniswa kwamasheya angamazwe ngamazwe kwanyuka kwi-90%. Ukuzibophelela kwee-junk, kwakhona, ziye zafudukela kwi-90% yokulungelelaniswa ukususela ngaloo xesha. Izitokisi ezincinci zenkampani eziqalile ukuqala, kunye neemveliso zeemarike ezikhulayo, ngokuqhelekileyo azizange zihambelane kunye neenkampani ezinkulu okanye ezimiselweyo zeemarike. Kodwa kubonakala ngathi kuxhomekeka kwimarike. Iiklasi zee-asethi ezinye, ezifana ne-hedge funds kunye nokulingana kwangasese, ngokuqhelekileyo azihambelanisi kodwa zifumaneke kuphela kubatyalimi abavunyiweyo.
Indlela yokufumana iiAfa ezingekho phantsi
Ukuchithwa yindlela yokufikelela ngaphandle kokulungiswa, uhlobo.
Ukunyaniseka okungekho mbambano kunqabile kule mihla, kwaye kukho iingcali zezezimali ezisebenza ixesha elipheleleyo kwizame zokufumana iphothifoliyo engafanelekanga. Kuba baninzi bethu, sibambe inhlanganisela yamasheya, iibhondi kunye, mhlawumbi imali ethile kunye ne-estate estate ngexesha elide liya kwenza inkohliso. Ezi zixhobo zonke zihlala zenza ngendlela engaphantsi kwe-correlated-way, kwaye ngokudibeneyo kunokunceda ukunciphisa ukunyanzeliswa kweepoteliyo. Igolide, nayo, iyaziwa ngokuba ayilinxulumene neempahla. (Kunengqiqo xa ucinga ngabantu abagijimela ukhuseleko lwegolide xa kukho ukunganyaniseki kwimarike yemasheya.)
Ngaba ukudibanisa kwenza i-Sense?
Nangona utyalo-mali luba lukhulu kakhulu, ukuhlukahluka kobuchule kunokunciphisa umngcipheko kunye nokwandisa ukubuya kwepottoliyo yakho. Iimpahla zihlala zenza okungafaniyo kwaye ukuzuza komnye kusekho ukuhlawula ilahleko kwenye.
Ngoko fumana umxube wotyalo-mali ofanelana nokunyamezela kwakho kunye neenjongo zokutshala ixesha elide. Uya kuba ngumnini wepottoliyo yamanje.
Kuphi ukuPhakanyiswa kweeMpahla zoPhando
Izixhobo ezininzi ezahlukeneyo kunye nezibonelelo zikhoyo ukukunceda ucinge ukulungiswa kweklasi usebenzisa ii-ETF eziqhelekileyo kunye neebhenchmarks zeklasi ze-asethi. Lo mthombo ovela kwi-Portfolio Visualizer ubonisa i-matrix yokulungelelanisa kwiiklasi ze-asethi eziqhelekileyo kunye neeklasi. Ngokuqhelekileyo, iiklasi eziphantsi okanye ezingekho phantsi kwezinto eziphathekayo zidibeneyo, ziza kuxhamla omnye umvuzo, ukuba luncedo oluninzi lwee-asethi kwi-portfoliyo-mali.
Umxholo kule ndawo unikezelwa ngolwazi kunye neenjongo zokuxoxa kuphela. Akuhloswe ukuba yingcebiso ngezezimali kwaye akufanele kube yedwa isiseko sotyalo-mali lwakho okanye izigqibo zokucwangcisa irhafu. Ngaphandle kweemeko ngaba le nkcazelo ibonisa isincomo sokuthenga okanye ukuthengisa iziqinisekiso.
Ukuhlaziywa nguScott Spann