Kwakhona wathetha ingcamango esichukumise kancinci kwaye ibe yintengo yengqolowa yexesha elide kunye nendlela echaphazela ngayo ukulinganisela okufuneka ukuyisebenzise ukucacisa ukukhangela kwenkampani.
Iimali zeeNondleko zexesha elide
Njengabantu, sinesidingo esinzulu seenkontileka; imilinganiselo apho zonke ezinye izinto kufuneka zilinganiswe ngayo. Kwi-Wall Street, yonke into iyafaniswa neentengo zengxowa-mali yexesha elide. Ezi zibophelelo, ezikhutshwe nguRhulumente waseburhulumenteni ukuphakamisa iimali zentsuku zentsuku zokusebenza, zibhekwa njengezinga "lokungabikho kwemingcipheko" kuba akukho ithuba elifanelekileyo lokungagqibekanga. Ngoba? ICongress inamandla okurhafu.
Ukuba urhulumente akakwazanga ukuhlangabezana neembopheleleko zalo, abamele bethu eKapitol Hill babeza kufuneka bafune ukufumana ingeniso yerhafu. (Kakade, kwimeko enjalo, ukunyuka kwamaxabiso kunokuqalisa ukuthetha intsingiselo ephakamileyo yokuba nangona uza kufumana imali yakho, ixabiso langempela lala ma-dollar njengoko kulinganiswa ngokweendlela ezininzi zeebhenka okanye iibhokisi zokuhlamba iimpahla onokuzithenga kuzo luleke kakhulu.)
Ngexesha le nqaku, uNondyebo weminyaka engama-30 wenza i-5.22%. Ingcamango yecandelo lokumisela kukuba wonke umtyalomali kwihlabathi kufuneka azibuze yena ngokwakhe: "Ukuba ndifumana imali engama-5.22% kwimali ngaphandle kokuthatha nayiphi na ingozi, yiyiphi i-premium kufuneka ndiyifune ixabiso leempahla ezinobungozi ezifana nezitokisi? "U
Ngokuqinisekileyo, abaninzi abantu abayikubuza umbuzo ngale ndlela. Esikhundleni saloo nto, bangabuka kwizabelo zeCoca-Cola baze baqikelele ukuba kumyinge we- price-to-earnings of 23 (oko kuthetha ukuba isivuno semali esiyi-4.34%) abavumelanga ukutyalo.
Okanye, banokugqiba ekubeni uCoke unethemba lokukhula - kanti i-treasury ayinayo-kwaye inakho ukukwazi ukuphoyisa isiphepho xa kwenzeka ukunyuka kwamaxabiso.
Abantu basayi kusela isoda, nokuba phakathi kokudakumba okukhulu kuba, njengoko inkampani ibonise, "i-luxury affordable".
Premium Risk
Ukwahlukana phakathi kwemveliso yokufumana imali yesitokethi esithile okanye i-asethi kunye nokuvunyaniswa kwexesha elide liyaziwa ngokuba yi-"premium premium". Kufuneka kuthintele kuzo zonke iintlobo zezinto ezifana nokulindela ukunyuka kwamaxabiso, ukukhula, ukuqinisekiswa okukuyo malunga nokuhamba kwemali ezayo (oko kukuthi, uqinisekisile ukuba ulwabikezele kwixesha lakho elizayo kwi-share share, ubuncinane bentsebenziswano i-premium oyifunayo.) Ngokwenene, kukulinganisa kakhulu ukuba kukuxelele inzuzo engakanani enokuyifumana idola ngalinye.
Abachumi bethanda ukuthatha intlawulo ye-premium yengozi kwinqanaba lexesha elizeleyo kwaye liqhathanise nexesha elidlulileyo. Ngokuqhelekileyo, oku kungabonakalisa ukusabalalisa okanye ukungahlawulwanga. Cinga kwakhona kwibhola le-dot-com. Ekuphakameni kwayo, i-S & P 500 ine-value-to-earn ratio ratio engaphezulu kwama-60. Lo ngumvuzo wokufumana umvuzo we-1.67% kuphela. Ngelo xesha, izinga elingenamngcipheko lali-5.90%.
Oko kuthetha ukuba abantu bakwazi ukwenza i-5.90% ngaphandle kwengozi, kodwa banikezwa ithuba lokusula kwiinkampani ezinobungozi, abasandul 'intsha, bafuna kuphela i-1.67%!
Akumangalisi ukuba abatyali-mali bexesha elide bevakalisa isilumkiso. Ngethuba lolo hlobo lweengcamango, nangona kunjalo, isizathu sihlala sihlekwa njengeCassandra; ukuphazamiseka okungaqondanga ukuba izinto "zahluke ngeli xesha."
Umzekelo Wemihlaba Yeyona Yona Yeyona Indlela Okuye Yakukusindisa Ngokulahlekelwa
Yingakho kuphazamiseka ngabafaki-mali abanolwazi ukuva ezinye zezinto ezingenangqondo ezichithwa ngabadlali kunye nabahlalutyi ngokufanayo. Ngaphambi kokuhamba kukaRobert Nardelli ekuqaleni kwawo-2007, ndabhala inqaku malunga neengxaki kwi-Home Depot.
Ingongoma yayiyiyo (kwaye ihlala) ukuba abatyali-mali babethukuthele ngaye ngenkqubo enkulu yokuhlawula, ngaphandle kweenzuzo ezingaphezu kokuphindwe kabini, izabelo , inzuzo ngesabelo ngasinye , isibalo sendawo, kunye nokudibanisa kwezinye iindawo ezinxulumene nazo, ngenxa yokuba intengo yesitokisi yaye yaphazamisa kwisiqingatha.
Ngentlonelo yonke, okokuba, ngexesha le-bubble, izabelo zomthengisi zafikelela kwisisiphukuphuku-sisisiphukuphuku - ukulinganisa kwamaxesha angama-70.
Oko kukufumana isivuno se-1.42%. Ukuba uNardelli kunye neqela lakhe alizange liqhutywe kakuhle, ukubuyela kumbakala kuya kuba mkhulu kakhulu kunokuba ukuhla kwe-50%. Nabani na othenga isitokethi kulawo maxabiso kufuneka ahlolwe ikhanda.
Nangona kunjalo, njengomntu otshitshisileyo obeka uFilip Morris okanye isifo sikashukela esipheleleyo esichasa iMcDonald's, abaninzi balaba abanini-mali babenomsebenzi wokumangalisa ukukhalaza kwaye bakhetha i-CEO njenge-scapegoat. Enron, Worldcom, kunye no-Adelphia, oku kwakungekho.
Apha, njengoko umgca ukususela kumandulo, iphoso ayikho kwiinkwenkwezi, kodwa nathi. Ukuba abanini-nxaxheba babegxile kulwalamano phakathi kwezinga elide lokubambisana kunye nokufumana isivuno, bazinokuzigcina bezininzi zemali kunye neentliziyo zengqondo.