Yiyiphi i-Dollar Strength okanye Ubuthakathaka kubhekiselele kwiPortfolio yakho

Indlela yokukhusela i-Portfolio yakho kwimingcipheko yemali

Kubekho umthetho ongabonakaliyo phakathi kweentloko zorhulumente, iintlanganiso zezezimali kunye neebhanki eziphambili zithi azijolise kwaye zikhankanywe ngokukodwa ngokulinganisela kwemali. Yingakho kwafika ngokumangalisa ngoJanuwari 2017 xa uMongameli uDonald Trump wathi idola 'inamandla kakhulu' kwaye yatsho ngokungabikho kokuncintisana neChina . Ngokumangalisa ukuba iTrump ikhethwe nguNobhala WezeNondyebo - uSteven Mnuchin - obonakala enombono ochaseneyo.

Kule nqaku, siza kujonga apho idoli ihamba khona, yintoni enye idorla enamandla, ukuba ithintela njani abatyali-mali, kwaye yintoni abachaphazeli-mali abanokuyenza ukunciphisa ingozi kuyo nayiphi na imeko.

I-Strong vs. Weak Dollar

Iimali zelizwe jikelele zezorhwebo zithandana nomnye kunokuba zixabiseke ngokupheleleyo. Umzekelo, awukwazi 'ukuthenga' i- euro ngaphandle 'kokuthengisa' idola. Ixabiso leyuro kwiidola liyaziwa njengezinga lokutshintshisiswa kwaye liyahluka ngokuxhomekeke kwinkqubela yezoqoqosho kunye nezinye izinto. I dollar 'eqinile' ithetha ukuba idola ngalinye lithenga iiyunithi ezingaphezulu zeemali zangaphandle, ngelixa 'idola ephosakeleyo' ithetha ukuba idola ngalinye lizithenga iiyunithi ezimbalwa zemali yangaphandle.

I-United States igcine 'ipolisi enamandla yepolisi' ukususela ngo-1995, oko kuthetha ukuba akayi kuthatha isenzo ngokuzithandela ukwenza idoli kunye neemeko zangaphandle. Ngokwenza njalo, iUnited States ikhuthaze abantu abanamanye amazwe ukuba bathenge i-Treasury securities, ukunyuka kwamaxabiso kugcinwe ngethengiselwano, kwaye imali isisiseko senkqubo yezemali yehlabathi njengoko ixhaswa nguqoqosho olukhulu kunabo bonke emhlabeni.

Inzuzo ye dollar eqinile kukuba i-dollar nganye ithenga inani elikhulu leempahla ezixabiso kwixabiso leemali zangaphandle, kodwa i-tradeoff kukuba impahla yasekhaya ibiza kakhulu kubathengi bangaphandle. Kwimeko yeChina, oku kuthetha ukuba ama-US angenisa ama-$ 483.9 billion ngelixa athengisa i-116.2 billion yezigidigidi ukusuka eChina ngo-2015.

Oku kwakha irekhodi ye-367 ​​billion yeebhilidi zezorhwebo eziye zaziwa njengeyona nto iphambili kwezopolitiko ekujoliswe kuzo.

Impembelelo kuTyalo-mali

Ukulinganiswa kwe dolaphu kunempembelelo enkulu kuzo zombini i-United States 'utyalo-mali lwangaphakathi kunye notyalo-mali lwangaphandle.

I-dollar eqinile iye yanceda iqulethe ukunyuka kwamaxabiso kwiminyaka ye-1990, kodwa ukususela ngo- 2008 Ukubuyisela Okukhulu , i-dollar ekhulayo yenze umsebenzi omkhulu we-Federal Reserve. Ibhanki ephambili ingathanda ukubona ukunyuka kwamaxabiso okukhuthaza ukuboleka kunye nokukhula koqoqosho, kodwa i dollar eqinile yenza ukuba akunakwenzeka. I-dollar eqinile ingaphinda iphoxise imfuno yasekhaya kwaye idonsa iintengiso zangaphandle, ngokulandela uSihlalo we-Federal Reserve uJanet Yellen.

Imoya yeli dola njengelizwe lokugcina imali lithetha ukuba amanye amazwe athembela ekuzinzileyo. Ekubeni idola liye lithengwa, abathengi beemarike abasakhulayo abangabhanki bebhanki baye baqokelela imali engaphezu kwama-3 trillion kwiidola-denominated debt, ngokubhekiselele kwiBhanki yeeNdawo zokuHlaliswa kwamazwe ngamazwe. Ukomeleza idoli - kunye nokunciphisa iindleko zemarike ezivela kwamanye amazwe-kunokudala iingxaki ngokwenza iidola zamatyala ezibiza ukubuyisela imali yengingqi.

Ukufaka iNgxowa-mali

Kukho iindlela ezininzi zokutsalwa kootyalo-mali ukuhlawula iipotifoliyo ekuchaseni ukunyuka kweemali, kodwa imali-ehlanganisiweyo yemali yokuthengiselana ("ETFs") iyona ethandwa kakhulu.

Ezi mali ziphinda zilandelelanise i-index-njengengxowa-mali, kodwa yongeza iikontraki zesikhathi esifutshane ezenza ukuba ziguqulwe iimali zamanye amazwe zibe ngama-dollar kwisilinganiso sokutshintshiselwa kwangaphambili. Injongo kukunciphisa impembelelo yokunyuka kwemali kwiindleko zeepolfoliyo ezibizwa ngeedola.

UCharles Schwab u-Michelle Gibley ubonisa izinto ezibalulekileyo ezifunekayo:

• Ukunciphisa ukunyanzelisa: Iimali-mali esetyenziweyo zibonakalisa ukungabi nanyanzalo kuneeposfoliyo ezingabanjwanga, ngokubhekiselele kwidatha ngokuthelekiswa kwe-MSCI EAFE Index phakathi kwe-1969 no-2016.
• Ixesha elide kunye nexesha elifutshane: Iimali-i-currencies zemali ziye zagqitywa ngaphezu kwexesha elifutshane njengoko idola liye lanyuka ngokungahambisani nezinye iirhafu, kodwa kukho inzuzo encinane yexesha elide.
• Iindleko: Imali-mali eneenqwelo-mali enexabiso elingaphezulu kweendleko ezingaphezulu kweemali ezingekho phantsi, ngelixa abatyali-mali kufuneka bahlawule iindleko zokuthwala kunye ne-bid / ask asking spread.

• Ulwahlulo: Ii-ETF zehlabathi zenzelwe ukudibanisa iipotifoliyo zotyalo-mali, kodwa ukukhupha ixabiso lemali yokulinganisela kunokunciphisa ukuhlukahluka.

Ngokubanzi, abaninzi abatyali-mali bexesha elide kufuneka banamathele kwiimali ezingenakunyulwa ngenxa yokuba bavame ukuvelisa iindleko eziphezulu kunye neendleko eziphantsi kunye neentlobo ezahlukeneyo. Abatyalo-mali abancinci bexesha elifutshane kunye abakhutheleyo bekhangela inzuzo kwiimeko ezithile, nangona kunjalo, banokufuna ukuqwalasela imali-iimali ezikhutshwe ngeengcipheko zokunciphisa umngcipheko okanye ukuxhaswa kwiimeko ezithile.

Ngaphantsi

I-United States iye yagcina imigaqo-dollar enamandla, kodwa ezi zintengiselwano zitshintshe ukugxininiswa kweMongameli uTrump kwi-domestic and exporting. Nangona umgaqo-nkqubo ungahlala ungacacile okwangoku, abatyali-mali kufuneka bahlale bekhumbula ingqalelo into enamandla ngayo nefuthe le dollar. Ngexesha elifanayo, kubalulekile ukuqaphela ukuba abatyali-mali bexesha elide bangathanda ukuwutyeshela le mingcipheko kwaye banamathele kwiimali ezingahlawulelwayo zengxelo ezilungele ukulungiswa kwengozi.