Kwimasheya kunye neengcipheko eziphezulu, ngokuqhelekileyo. Amashishini angaphandle nakwamashishini asekhaya ahlala ebonakalisa ukusetyenziswa kwexabiso elibuthathaka xa izihloko zingabonakali.
Nangona kunjalo, i- US Treasury - ngenxa yobume bayo njengenye yezolimo-mali ezona ziphantsi kakhulu-ezona zinzuzo xa uhlahlo lwabiwo-mali lube lukhuni. Le ngqungquthela iyaziwa ngokuba "yindiza ukuya kumgangatho" okanye "ukubalekela kwindawo yokuphepha."
Yiyiphi iNqwelomoya yokuLungisa, kwaye unokunceda njani xa ibeka indawo?
Uhambo oluya kwizinga eliphezulu luyinto eguqukayo eyenziwa kwiimarike xa abatyali-mali bekhathazekile ngokuzikhusela kwimingcipheko kunokuba benza imali. Ngethuba lexesha loxinzelelo, abathathi-nxaxheba beemarike bavamise ukutyaliswa kotyalo-mali apho bancinci ukufumana ukulahlekelwa kwinqununu. Ezi ndawo zikhuselekileyo ziqhelekileyo izibophelelo zikaRhulumente zamazwe amaninzi amakhulu, ikakhulukazi eMelika.
Kwinqanaba elilula, ukubalekela kumgangatho umtyalo-mali uthi kuye, "Ngaba ndiziva ndikhululekile ukuthatha umngcipheko, okanye ndingcono ukugcina imali yam ikhuselekile ngoku?" Ukuba abantu abaneleyo bayakukhetha okokugqibela, umphumo ngokuqhelekileyo i-rally kwiiNondyebo zase-US.
I-Flight Flight to Work
Makhe sibone umzekelo. Ngomnyaka ka-2011, ingxaki yeTyala leYurophu ithathe ibakala eliphambili njengomqhubi oyintloko wokusebenza kwemarike. Abatyalomali baba nexhala malunga nesimo esibi kunazo zonke eYurophu - into engafanelekiyo yiGrisi okanye enye yamanye amazwe amancinci, kunye / okanye ukuwa kwe-euro njengemali ekhoyo.
Isiphumo sasithengiswayo kwiimpahla, iimpahla, kunye neendawo eziphezulu zokubeka ingcipheko kwimarike yemboleko, njengoko abatyali-mali bathuthela imali kwiimpahla ezinokuthi zenzakaliswe zizihloko ezimbi. Ngelo xesha, ixabiso leNondyebo liye lenza i-rally mammoth kunye nezivuno zawela ukurekhoda amanqanaba aphantsi. (Khumbula ukuba iibhondi, intengo kunye nesivuno zihamba ngendlela echaseneyo) . Ngokomzekelo, uvimba-mali boomnye wase-United States wasebenzisa ubuninzi bezohwebo zonyaka wesibini kunye nesivuno esingaphantsi kwe-0.20%, kwaye ngezinye izihlandlo ezimbalwa, isivuno sasihla nge-0.09%. Ngenxa yoko, ixabiso leNondyebo linyuka.
Oku kubonisa ukuba abatyali-mali bazimisele ukubamba utyalo-mali olulodwa-mali olungahlawulwanga nto-kwaye bekuninzi ngaphantsi kwezinga lokunyuka kwamaxabiso - kuphela ilungelo lokugcina imali yabo ikhuselekile kwiinkxwaleko zoqoqosho lwehlabathi. Oku kukubalekela kumgangatho kwisenzo.
Iibhanki eziMgangatho oPhezulu zenze ntoni kwi-Flight to Quality?
Kwiimarike ezibopheleleyo, le ntlupheko yokuhweba kwintengiso inecala le-flip. Amagcisa aphezulu emakethe athambekele ekuthengiseni xa iindaba zijika. Izibophelelo ezivunyiweyo eziphezulu , ityala lokunyuka kwamatyala, kunye nezibophelelo ezincinci kwiimarike zoshishino-mali kunye nezomasipala zihlala zilahlekelwa ngokuvumelana nempahla.
I-Flight Flight From Quality
Uhambo lokuya kumgangatho lungaphinda luqhubele phambili.
Xa ukuphuma kweendaba ezilungileyo kukubeka abatyala-mali kwisimo esihle sengqondo, umphumo ngowona mgangatho osebenza ngamandla kwiimarike ezikhuselekileyo zeemarike kunye nokungaphantsi kweeNkokheli ze-US, ezithetha amanani aphantsi kunye nezivuno eziphezulu.
Yintoni eyenzeka ekupheleni kweengxaki zemali ze-US kwikota yokuqala ka-2009 ngumzekelo omhle wokubaleka ukusuka kumgangatho osebenzayo. Ekholelwa ukuba ixesha lokungaphumeleli kwebhanki kunye nokuxhaswa kweebhanki kwakudlulile, abatyali-mali baye bahamba ngokunyuka okukhulu kooNondyebo baye kwii-stocks. Ngenxa yoko, isivuno kwiNondyebo ye-10-mali i-rocketed ukusuka kwi-2.5% ukuya kwi-4.0% kwiinyanga ezintathu nje nje ukuba ixabiso layo liqhutywe-i-flight classic ukusuka kumgangatho. (Gcina ingqalelo, amaxabiso kunye nezivuno zihamba kwindlela echaseneyo .)
Kwabanye abatyalo-mali, into ebalulekileyo ebalulekileyo kule ngxoxo kukuba ayikhombulanga ukujonga "i-market bond" njengendawo yokufihla ngexesha leengxaki.
Enyanisweni, ngokuqhelekileyo kuphela izibambiso eziphakamileyo kakhulu (njengezoNondyebo) ezibonakala zingenakwenzeka ukuba zenzeke ngokugqibeleleyo ezenza kakuhle xa ubungozi befuna ukuphuma. Ngenxa yoko, qiniseka ukuba uyazi ukuba uluhlobo luni lwebhondi okanye ubophelelo obunakho ngaphambi kokuba ucinge ukuba ukhuselekile kwizihloko ezimbi.