Isicwangciso soBuchule sichazwe ngokuba i-portfolio inzima kakhulu emacaleni amabini, njengawe - uqikelele - i-barbell.
Ibhondi yebhanki ayifanele ukuba ibe nobunzima obulinganayo kumacala omabini - inokuthi ifakwe kwinqanaba elilodwa okanye kwelinye ngokusekelwe kumbono wabatyalisi kunye neemfuno zokuvelisa.
Ukuthengiswa kweeNgcaciso kwiBarbell
Kubalulekile ukugcina engqondweni ukuba ibhondi ye-bond isicwangciso esisebenzayo esifuna ukubeka iliso kuba i- short-term securities izakufuneka idibene kwimicimbi emitsha rhoqo. Kwakhona, uninzi lwabatyalomali basondela kwicala lexesha elide le-barbell ngokuthenga amathengi amatsha ukutshintsha imiba ekhoyo njengoko ukukhula kwabo kufutshane. Ngokuqhelekileyo, isivuno samanje sesitokethi esitsha, kunye nobukhulu bentlawulo okanye ukulahlekelwa ngumtyalo-mali okhoyo kwiibhondi ezikhoyo, kuya kudlala indima kwisigqibo.
Izinzuzo zeBarbell
Iintlobo ezinokubakho zeqhinga leBluetooth zi:
- Ukugqithisa okukhulu kunokuba isicwangciso seqhinga
- Unako ukuphumeza isivuno esiphezulu kunokuba kunokwenzeka ngeendlela ezinobumba
- Umngcipheko omncinci wokuba amaxabiso ahlayo aya kunyanzelisa umtyalo-mali ukuba aphinde ahlawule imali kwizinga eliphantsi xa izibophelelo zabo zikhula
- Ukuba amaxabiso aphakama , umtyalo-mali uza kuba nethuba lokubuyisela inzuzo ye-securities-shorter term at rate
- Indlela enokuthi iphumelele ukuvelisa isivuno esiphezulu kunokuba kunokwenzeka ngeendlela ezinobomi
- Inyaniso yokuba izibophelelo zexesha elifutshane zivuthiwe zinika utyalo-mali utywala kunye nokulungelelanisa ukujongana neengxamiseko.
Ziziphi iingozi?
Umngcipheko ophambili wale nkqubo uhlala ekupheleni kwexesha le-barbell. Iibhondi zexesha elide zivame ukuba zincinci ngaphezu kohlobo lwazo lwexesha elifutshane, ngoko kukho ukulahleka kweentlawulo ezinkulu ukuba amaxabiso awele (njengoko amanani awela ) kwaye umtyalomali ukhetha ukuthengisa izibophezelo ngaphambi kokukhula kwabo. Ukuba umtyalo-mali unako ukubamba iintsimbi aze aqokelele, ukuguqulwa kokungenelela kuya kuba nefuthe elibi.
Isimo esona sikhulu kunazo zonke zebhanki " yintambo yokuvelisa isivuno ." Le binzana inokuvakala ingcaphephe kakhulu, kodwa ithetha ukuba ukunyuka kwexesha elide liza kukhula (kunye namaxabiso awela) kakhulu ngokukhawuleza kunokuvelisa kwiimbopheleleko zexesha elifutshane. . Kule meko, ixabiso lexesha elide le-barbell liyancipha kwixabiso, kodwa umtyalomali usenokunyanzeliswa ukuba abuye abuyele kwimali ye-short end to bonds low-yields. Ukuchasana kwendwangu yokuvelisa isivuno, i-curve yield yield curve, apho kuvuna ukunyuka kwexesha elifutshane kunesivuno kwixesha elide.
Le meko ibaluleke nakakhulu kwiqhinga leBluetooth.