Ngamanye amaxesha Iirhafu eziNcinci zeZindleko eziNcinci kunye neZiphumo eziPhezulu eziKhuselekileyo ZiyiNtetho
Okwangoku, ukukhangela kwinqanaba leetekisi kubonisa ukuthengiswa kweenkampani kwiintlawulo ze- 3-4x kunye ne-10% ye- dividend yield - okanye ngaphezu kwembini iindleko zenkxaso-mali yeminyaka engama-30 yemali yokuthenga. Olu hlobo lwexabiso aluzange lube khona ukususela ekuhlakalweni okubi kweeminyaka yee-1970, kodwa oko akuthethi ukuba ufanele uphume kwaye uqale ukuthenga konke onokufumana izandla zakho, ingakumbi ukuba unobungozi ekulahlekelweni komsebenzi okanye ungenzi unokufumana imali engaphezu kwemali kwiimeko ezikhawulezayo . Ewe, kukho ixabiso elikhulu. Ewe, kwiinkampani zam, siye saxhamla kule meko ngokukhulisa amashishini asebenzayo kunye nokusebenzisa imali engaphezu kwemali ukuthenga amasheya . Nangona kunjalo, siyazi ngokucacileyo ukuba kukho amandla okwenene okwaziwa ngokuba ngumgibe wokuhlawulela.
Uluphi ugibe lohlula? Ngokucacileyo, umgibe wokuhlawulela umonakalo owenzekayo xa intengo yesitishi yoshishino ehlawula isahlulelo iyancipha ngokukhawuleza ngakumbi kunemali echaziweyo.
Oku kubangela ukulinganiswa kwe-p / e ephantsi kunokuba kunjalo, kwaye isivuno sokwahlula, esingenako ukuzinzileyo, sibonakala siphezulu kunokuba siyakwazi ukuqhubela phambili kwixesha elizayo xa kunqunyulwa isahlulo semali ngenxa khusela inkampani. Abatyala-mali kunye nabathengisi abanolwazi, abaye bahlawula ixabiso lentengo, bayazi oku.
Ngabalimi abangenamava bazama ukuthenga oko bacinga ukuba lingalingani ngokulinganayo .
Umzekeliso unokukunceda uqonde indlela oku kubonakala ngayo kwihlabathi lenene.
Isibonelo sokuxhomekeka kohlobo lweSikhulu esingafaniyo
Khawucinge ukuba intsapho yakho ngumnini-shareholder olawulayo wevenkile yokuthengisela izinto ezibizwa ngokuba yi-Super Luxury Jewelry (SLJ). Ngaphambi kokuphazamiseka, i-firm firm yakho yafumana i-$ 10 yezigidi kwimali engenayo kunye ne-Wall Street yanikezela umlinganiselo we-15, obangelwa imali eyi-150 yezigidi zemarike . Uhlawula iindleko zeeRandi ezigidi eziyi-3 ngaphandle kwemali engenayo, kwaye uvuselele konke ukunyusa. Ukuba kukho izigidi ezili-10 ezabelo zikarhulumente, iinombolo ziza kubonakala ngathi: ixabiso lentengo ye-$ 15, i-$ 1 yenzuzo yesiseko nganye , kwaye i $ 0.30 izahlulo zesabelo ngokwahlula isivuno se-2.0%.
Xa uqoqosho lugqithisa, isitokethi sakho sifike kwi-p / e yeemali ezine-4x kuphela, okubangela ukuba i-market capital capital kuphela eyi-40 million yezigidi. Ngamanye amaxesha, kukho i-lag phakathi kwe-Wall Street ukukrakra kwaye xa umphumo woqoqosho olubi luhlasela iincwadi zenkampani, ngokukodwa i- income statement . Emva kokuwa, amanani aya kukhangeleka njengale: ixabiso lemali le-4 lemali, intengo ye-$ 1 eyinzuzo nganye, isahlulo se-0.30 sesahlulo, isivuno se-7.5%.
Ngamanye amagama, kubonakala ngathi ungasima i-$ 100,000 esitokisini kwaye ufumane i-$ 7,500 ngonyaka ngemali-mali, ngelixa ulinde ukuthengiswa kwemarike. Cinga nje ngokuba uyahlawulwa ngomonde wakho.
Ingxaki? Kungenzeka ukuba i-SLJ yokuthengisa kunye neenzuzo ziya kuhlaselwa kanzima kuba akukho mntu ufuna ukuthenga ibhondi ye-diamond xa efuna ukulahlekelwa yindlu. Ukuba iingeniso ziza kuwela, zithi, i-60%, i-earnings ngayinye iza kuba yi-$ 0.40 kuphela - kungekhona i-1.00 ye-$ njengokuba bekuphelileyo kunyaka. Oko kwenza i-dividend ye $ 0.30 ilingana ne-75% yenzuzo yonyaka yenkampani. IBhodi yabaLawuli ingathanda ukugcina loo mali ye-liquid kwi-handout ukulungiselela ukugqithisa kakhulu ukukhusela ukuchithwa okanye ukuphulwa kwemigaqo-mboleko yeebhanki. Indlela kuphela yokuyilungisa? Uqikelele ngokuchanekileyo. Slash i sahlulo.
Umphumo osisiseko soluhlu oluninzi lwabiwo luya kuba lukhulu lokuhla kwexabiso lempahla.
Kungenxa yokuba abaninzi abatyali-mali bazimisele ukulinda izinto ukuba zijikelele xa zifumana iisesheke kwi-imeyile (okanye zifakwe kwi- akhawunti yabo ye- brokerage , njengoko kunjalo njalo). Xa umjelo wekheshi utyhafile, abaxhamli.
Mhlawumbi i-SLJ yintle-mali yokuhlala ixesha elide . Mhlawumbi akunjalo. Akusilo nto. Ingongoma, ukuba uthembele kwimali engenayo , okanye ukuxhasa imali yakho yokuphila okanye uqikelele uqikelelo lwexabiso langaphakathi, ukhangele kuphela kwisivuno sokwabelana kuphela, uzibeka kwindawo engozini. Kumele ujonge ngokujulile kwiingxelo zemali. Kufuneka uqonde ishishini. Ngaphandle koko, unokuba uninzi lweentlungu zemali. Ngaba isahlulo sizinzileyo? Ingaba nayo, kwaye iya kuthi, iya kugutywa ngonaphakade kwizinto ezibonakalayo eziphantsi kwemali kunye neenzuzo?