Ulwabiwo lweeTactical Asset (Works) nge-Index Index
Uhlobo lwe-TAA lokutshala imali luhluke kohlalutyo lobugcisa kunye nohlalutyo oluphambili ngokubhekiselele ekubhekisweni kweefa kunye nokwesibini ekukhethweni kotyalo-mali.
Nantsi indlela ulwabiwo lwee-asethi olusebenza ngayo.
Kutheni iActical Asset Allocation ibaluleke ngakumbi kunokhetho loTyalo-mali
Abatyalomali nabacebisi bezezimali abakhetha ukutshala imali ngokusebenzisa i-acac allocation allocation, bajonga "umfanekiso omkhulu." Basenokuba babhalisele kwi- Modern Portfolio Theory , echaza ukuba ukwabiwa kweempahla kunempembelelo enkulu kwiimbuyekezo zeepotfolio kunye nemingcipheko yemarike kunokuba ukhetho lomntu ngamnye.
Akudingeki ukuba ube ngumgcini-nkcazo ukuqonda isiseko esisisiseko emva kokunikezelwa kweefa. Cinga umtyalo-mali osisiseko owenze umsebenzi omhle wophando kunye nohlalutyo. Mhlawumbi banesiphothifoliyo sama-stocks ezingama-20 eziye zalinganiswa okanye zenziwa ngaphandle kwee- S & P 500 zemali zenkcazo zeminyaka emithathu elandelelanayo. Oku kuya kuba kuhle, akunjalo?
Ukuze uphendule umbuzo, qwalasela le meko: Ngethuba leminyaka emithathu ukususela ekuqaleni kuka-1997 ukuya ekupheleni kuka-1999, abatyali-mali abaninzi banokulula ukuphumeza i-S & P 500.
Nangona kunjalo, ngexesha leminyaka eli-10 ukususela ngoJanuwari 2000 ukuya kuDisemba 2009, nokuba iphothifoliyo eqinile yamasheya bekuza kuba ne-0.00% yokubuya kwaye yayiza kwenziwa ngaphandle kwendawo yokuxuba, iibhonki kunye nemali.
Ingongoma kukuba ulwabiwo lwee-asethi luyinto ebalulekileyo yokuthintela ukusebenza kwipotfoliyo, ngokukodwa kwixesha elide.
Ngako oko, umtyalo-mali unako ukusweleka ekukhethweni kotyalo-mali kodwa ulungelelaniso lwexabiso lomhlaba kunye nokusebenza okukhulu, xa kuthelekiswa nabatyalo-mali nabasisiseko abanokuzikhethela ukhetho lokutyalomali kodwa babe nexesha elibi kunye nokwabiwa kwempahla.
Indlela yokufaka isiCwangciso soLwabiwo lweeNdawo zoTyebi
Umtyalomali osebenzisa ulwabiwo lwee-asethi, ngokomzekelo, unokufikelela kumxube oqilileyo weempahla ezifanele ukunyamezela kwabo kunye neenjongo zotyalo-mali. Ukuba lo mtyalomali ukhetha ulwabiwo-mali olulinganisiweyo , lunokujoliswa kwi-stock% ezingama-65%, i-bond% ezingama-30 kunye ne-5% yemali.
Inxalenye yale ndlela yokutyalwa kwemali eyenza ityhutyhile kukuba ulwabiwo luya kutshintsha kuxhomekeke kwiimarike ezikhoyo (okanye ezilindelekileyo) kunye neemeko zoqoqosho. Ngokuxhomekeka kwezi meko, kunye neenjongo zomtyalomali, ukwabiwa kwi-asethi ethile (okanye ngaphezulu kwee-asethi enye) ingaba yinto engathathi hlangothi, ininzi okanye iphantsi.
Ngokomzekelo, cinga i-65/30/5 isabelo esinikezwe ngasentla. Oku kunokuthi kuqwalaselwe isabelo-mali sojoliso; zonke iimpahla "azibandakanyeki." Ngoku ucinga ukuba iimarike kunye neemeko zoqoqosho zitshintshile kwaye ukulinganiswa kwee-stocks ziba ziphezulu kwaye i- market bulls appear in stages.
Utyalomali ngoku ucinga ukuba iifowuni zigqithise ngaphezu kwexabiso kwaye indawo engafanelekileyo isondele. Umtyalomali unokuthatha isigqibo sokuqala ukuthatha amanyathelo kude nomngcipheko wemarike kunye nokudibanisa i-asset mix, njengama-stock% ama-50, i-bond% ezingama-40 kunye ne-10% yemali.
Kule meko, utyalomali unamasheya angaphantsi kobunzima kunye nezibophelelo ezingaphezu kwemali kunye nemali. Ukunciphisa umngcipheko kuqhubekeka kumanyathelo njengoko kubonakala iimakethi entsha zeebhere kunye nokunciphisa umnotho. Umtyalo-mali unokuzama ukufikelela ngokupheleleyo kwiimbopheleleko kunye nekheshi ngethuba ixesha iibhere zentengiso zibonakala. Ngeli xesha, umniki-mali wezabelo uya kubonelela ngokuthe ngcembe kwanezikhundla zabo zesikhundla ukuze alungiselele ukuthengiswa kweenkomo ezilandelayo.
Kubalulekile ukuba uqaphele ukuba ukwabiwa kwee-asethi zamashishini kuyahluke kwixesha elifanelekileyo leemarike ngenxa yokuba indlela ihamba ngokukhawuleza, ngokuzikhethela nangokwemigqaliselo, ngeli xesha ixesha elininzi libandakanya ukuhweba okuqhelekileyo kunye nokuzicingela.
Ulwabiwo lwee-asethi zentengiso yindlela yokutyalo-mali esisebenzayo ene-investment investment kwaye ithenge kwaye ibambe iimpawu kuba umtyalo-mali akasayi kubalahla iintlobo zexabiso okanye utyalo-mali kodwa kunokuba utshintshe izisindo okanye ipesenti.
Ukusebenzisa i-Index Index, iiNgxowa zeeNkcazo kunye ne-ETF zeSabelo seMpahla yeTactical
Iimali ze-Index kunye ne-Exchange Traded Funds (ETFs) zintlobo zentalo yotyalo-mali yokwabiwa kwempahla ye-asethi ngoba, kwakhona, kugxininiswe ngokukodwa kwiiklasi ze-asethi, kungekhona utyalo-mali ngokwabo. Olu hlobo lomfanekiso omkhulu, ihlathi-ngaphambili-imithi, ukuba uya kuthanda. Ngokomzekelo, utyalo-zimali-zimali unokukhetha kuphela imali ye-stock index, i-bond index index kunye nemali yemarike yemali, ngokuchasene nokwakha iphothifoliyo yeziqinisekiso. Iintlobo ezithile zeengxowa-mali kunye neendidi ezikwimasheya nazo zinokulula kunye neendidi, njenge-stock-cap enkulu, isitoko samazwe angaphandle, i-stock-cap stock, kunye ne- sector okanye ii-ETF .
Xa amacandelo akhethwe, i-acacative allocation shareholder angakhetha amacandelo awayekholelwa ukuba uya kwenza kakuhle kwixesha elizayo kunye nexesha eliphakathi. Ngokomzekelo, ukuba umtyalomali uziva iimpahla eziphathekayo, iMpilo kunye neZibonelelo zinokubuyiswa okuphezulu xa kuthelekiswa namanye amacandelo kwiinyanga eziliqela okanye kwiminyaka embalwa, banokuthenga ii-ETF kumacandelo athile.
Umzekelo Ulwabiwo lweeAfa kunye ne-Index Fund kunye nee-ETF
I-shareholder ye-actif izakusebenzisa rhoqo imali ye-index kunye nee-ETs ukwakha iphothifoliyo kuba umtyalo-mali ufuna ukulawula iklasi ye-asethi nokulawula i-holdings engundoqo kunye nokuphepha ukukhutshwa kwesitayela kunye nokugqithwa kwempahla okungabangela ukusetyenziswa kweemali ezilawulwa ngentshukumo. . Ngokwenene, utyalomali udala i- alpha yakhe .
Nasi umzekelo weepoteliyo usebenzisa i-index index kunye nee-ETF:
65% Amasheya:
I-25% ye-S & P 500 Index
I-15% ye-External Stock (Index) ye-MSCI
10% uRussell 2000 Index
I-5% ye-Real Estate Sector ETF
I-5% yezeMpilo kwi-ETF
5% Iinkonzo zee-ETF zeCandelo
Iibhondi ezingama-30:
I-10% Inkcazo yexesha elifutshane
I-10% Imali-mali yemali eVikelekileyo (i-TIPS) ye-Index Index
I-10% yeeNkcazo zeeNkcazo eziPhakathi
5% Imali:
5% Imali yemarike yemarike
Ulwabiwo olukhankanywe ngentla lubonisa umzekelo olwabiwo olujoliswe kumtyalo-mali. Ukutshintsha izisindo, umniki-mali we-acac unokunyusa okanye ukunciphisa ipesenti zonikezelo kwiindawo ezithile ukubonisa ukulindela kwe-zimali zeemarike ezisekufutshane kunye nezoqoqosho. Umtyalo-mali unokukhetha kwakhona amanye amacandelo, njenge-Amandla (i-Natural Resources) kunye namaZiko ancedo.
Eli sayithi alinikezeli irhafu, utyalo-mali, iinkonzo zemali kunye neengcebiso. Ulwazi lwenziwa ngaphandle kokuqwalasela iinjongo zotyalo-mali, ukunyamezela ngengozi okanye imeko zezimali kwanoma yimuphi umtyalo-mali othile kwaye angenakufaneleka kubo bonke abatyalo-mali. Ukusebenza kwangaphambili akubonakali kweziphumo ezizayo. Utyalo-mali luquka ubungozi kubandakanya ukulahlekelwa kwinqununu.