Yiyiphi iCore and Satellite Investment?

Inkcazo kunye neSicwangciso soLawulo lwePortfolio ye-Mutual Fund Investing

Xa kwakhiwa iipotifoliyo yeemali eziphathekayo, i-design elula iyenzeka ukuba iyona nto ibhetele. Kule nqaku, abatyali-mali baya kufakwa kwizinto ezisiseko zokwakha iipotfoliyo kunye noyilo olubizwa ngokuba "yintloko kunye nesathelayithi."

Njengamacebo amaninzi kunye nefilosofi ezona zilungileyo kakhulu, ingundoqo kunye nesathelayithi ilula kwaye isebenzayo, ingakumbi ixesha elide, ukuthenga nokugcina imali.

Inkcazo yeCore and Satellite

I-core kunye neSatellite iyindlela yokuqulunqa i-portfoliyo eyimfuneko kunye nexesha eliqhelekileyo eliqukethe "ingundoqo," njengengxowankulu enkulu yesikhokhelo-mali, ebonisa inxalenye enkulu yepotfolio, kunye nezinye iintlobo-mali " "iimali-ngasinye sinamacandelo amancinci kwipotfoliyo yokudala yonke into.

Injongo ephambili yale mveliso yoyilothifoliyo kukunciphisa umngcipheko ngokusebenzisa ulwahlulo (ukubeka amaqanda akho kwiibhasikiti ezahlukeneyo) ngelixa uphumelele (ukufumana imbuyiselo ephezulu kune-benchmarkmark) yokusebenza, njenge- S & P 500 Index . Isishwankathelo, iphothifoliyo yesiKhulu kunye neThala leSatellite liyakufumana ukufumana ukubuyisela ngaphezu kwe-average nge-average-risk risk for investor.

Qalisa Ngeyona Nkcitho

I-hold holding engundoqo yintlawulo ye-stock-cap, efana ne -S & P 500 ye-index index . Ingundoqo iya kubonisa inxalenye enkulu yepotfoliyo yakho. Ipesenti efanelekileyo kwipotfoliyo ehambelanayo , umzekelo, ngu-30-40%.

Isizathu sokuba iimali zengxowa-zimali ezinkulu zisebenza kakuhle kunye neenkampani eziphambili kuba ulwazi malunga nenkampani ezinkulu, ezifana neWal-mart, iGe, Exxon kunye neMicrosoft, ifumaneka ngokukhawuleza kuluntu ukuba kunzima kakhulu kubatyalo-mali ukuba baqhubeke beqhuba kwiimarike, ingakumbi kwixesha elide.

Ngamanye amazwi, ukuba nangona iprosti inexesha elinzima lokubetha i- S & P 500 , kutheni unokwenza ngcono? Unokufunda okungakumbi malunga nale ngqiqo nokuqiqa ukusetyenziswa kwemali yenkcazo ngokufunda malunga ne- Hypothesis yeeMakethe esebenzayo (EMH) .

Yongeza i-Satellites

Emva kokuthenga i-core-cap core, iintlobo ezahlukeneyo zemali-"ama-satellites" -ukubonakalisa iintlobo ezahlukeneyo zeengxowa-mali ziza kugqiba isakhiwo sePortfolio yeCor and Satellite.

Ezi ezinye iimali zingabandakanya isisitja se-cap, isitotyi esincinci, isitoko samazwe angaphandle, ingeniso eqhotyoshelweyo (ibhondi), iimali zecandelo kunye nemali yemarike yemali. Ezi satellites ziyimali eza kunceda umnini-mali, ukuba uphumelele kwesi sicwangciso, ukufumana iimbuyiselo eziphezulu kunomlinganiselo, njengeS & P 500 .

Okona ubuncinci, kwaye mhlawumbi okubaluleke kakhulu, uyilo lokwakha iipotfoliyo eziKhulu kunye neThala leStatellite linganceda ukuqinisekisa ukuba abatyalo-mali bahlukeneyo phakathi kweentlobo ezahlukeneyo zee-asethi (amasheya, iibhonki kunye nemali) kunye neendidi ezahlukeneyo zeengxowa-mali. Olu lwabiwo lweefa kunye nokwenza utyalo-mali lunokukunceda umnini-mali ukuba afumane ukubuyiswa okufanelekileyo kwimingcipheko efanelekileyo.

Ukuziphendulela: Ulwazi olukule ndawo lunikezelwa ngeenjongo zengxoxo kuphela, kwaye akufanele lichazwe ngokungeniswa njengeengcebiso zotyalo-mali. Ngaphandle kweemeko ngaba le nkcazelo ibonisa isincomo sokuthenga okanye ukuthengisa iziqinisekiso.