Funda iSiseko soTyalo-mali kwii-TIPS kunye ne-What Vanguard Ethetha Ngengozi Zabo
Njengengxenye yengxoxo ye-imeyile kunye noJohn Hollyer, owayengumphathi- mlingane weNgxowa-mali ye- Vangux (Protected Securities) (VIPSX) , sabuza, "Ziziphi iingozi ezisemgangathweni zokutshala imali kwi-TIPS?" Impendulo kaYohane, ngokugcwele, iyathunyelwa kumaphepha alandelayo.
Ubude bexesha - Ingozi yokuTyala imali kwiiTIPS
Kukho iingozi ezintathu eziphambili zokutyalomali kwi-TIPS. Umngcipheko wokuqala wokutyalomali kwi-TIPS kukuba zii-asethi zexesha elide, oku kuthetha ukuba ngokuqhelekileyo i-bond-long bond (ixesha elide lemarike ye-TIPS malunga neminyaka eyi-10). Ngelixa i-TIPS zikhokhelwe kwixabiso lokunyuka kwamanani, zinexabiso elininzi lokubaluleka kwemali kwiinguqu zenzalo (njengokuba kukho nayiphi na ibhondi, amaxabiso kunye neerhafu zenzalo / izivuno zihambelana nezikhokelo ezingafaniyo.) Ewe, imali yokubophelela ilahlekelwa yimali !
Ngoko ke, ngelixa ndibonisa izivuno ze-TIPS njengexesha elide , inqanaba elingenamngcipheko, kwixesha elifutshane, amaxabiso abo angashintsha kakhulu. Kutyalo-mali ongenakuxhamla ngokunyuka kwexabiso, i-TIPS ingaba yingxaki. Amaxabiso abo aya kuhamba.
Ukuchaswa - Ingozi yokuTyala imali kwiiTIPS
Olunye umngcipheko ndidibanisa ne-TIPS ngumngcipheko wokuchasana - ukwehla ngokubanzi kumanani (okuchasene nokunyuka kwamaxabiso).
Ukuba bekukho ixesha elide lokuchithwa, i-TIPS ingahle ilahlekelwe yixabiso. Nangona kunjalo, ngelixa inqununu iya kulungelelanisa ukunyuka kwamaxabiso, ukuba kukho ukuhlengahlengiswa kwezinto eziqhubekayo ebomini bhondi, nayiphi na umtyali-mali kwi-TIPS uza kubuyisa ikhulu leentente ze dollar kwiNondyebo.
Abanye abantu babhekisela kule nto njengento yokuchasana "ukubeka."
Ngoku, ukulungiswa kweminyaka eyi-10 yokuchithwa kwamanani okungafani nakwexesha langoku kwezoqoqosho, kodwa kwenzeka. Oku kukugxininisa umbandela onokukwenza ngokuhlukanisa enye ye-TIPS kunye nomnye. IIMPAWU eziye zagqalwa - mhlawumbi, iminyaka emihlanu okanye eyi-10 - ziye zafumana inani elilinganayo lokunyuka kwamaxabiso kwixabiso lazo langoku. Kwaye ukuba kukho i-protracted deflation i-TIPS ingakwazi ukulahlekelwa ukunyuka kwamaxabiso okunyuka ukuya kwixabiso le-par, okanye imali umgcini-mboleko unelungelo lokufumana xa i-bond bond ikhula.
Ngoko i-TIPS izibhonkco ezinokungena kwexabiso elongezelelweyo, ngamanye amaxesha, ziza kufakwa phantsi kwe-TIPS ezitsha kwaye ziphantse zifumane ukunyuka kwamaxabiso emali. Oku kwenzeka ngenxa yengxalabo-mali-mali eyongezwayo yokunyuka kwamaxabiso.
Sibone le ngxaki ngokugqithiseleyo kwikota yesine ka-2008, xa kwakukho ukuphazanyiswa okukhulu kwezoqoqosho kunye nokuchasana.
Kwaye enye yeengqungquthela zango-2009 yayisisigqibo sokuguqulwa kwengqalelo. Njengoko iimarike zithe zaphucula ngakumbi ukuba amaphulo omgaqo-mali we-Fed aza kuphumelela ekunqandeni ukuhlengahlengiswa kwempahla, ezo zikhewu zokulinganisela ngokweqile, kunye nezaphulelo ezazisetyenziselwa kwiibhonkri ezinezinga eliphezulu lokuchithwa kwempahla, zazisuswa kakhulu.
I-CPI ngokumalunga nexabiso lakho lokunyuka kwamaxabiso - Ingozi yokuTyala imali kwii-TIPS
Umngcipheko wesithathu kukuba i-TIPS ishintsho yokunyuka kwamaxabiso isekelwe kwixabiso lexabiso labathengi (CPI), elingahlanjulwanga ngexesha. Yonke indlu inesitya sayo sokuthenga, kodwa i-CPI isekelwe kwikhasikhi yokusetyenziswa kwamakhaya aseMelika.
Kwinqanaba apho ibhasikidi yakho yokutya ayifani nendawo yokusetyenziswa kwebhayisiki ye-CPI, unokufumanisa ukuba ungaphantsi kwexabiso lentengo engenakulungiswa kakuhle yi-CPI.
Imizekelo emibini emihle kwiminyaka embalwa edlulileyo iya kuba neendleko zonyango kunye nokufundiswa kweekholeji, eziye zandisa inani elifanelekileyo ngaphezu kwezinga lokunyuka kwamaxabiso. Ngoko ukuba le nxalenye enkulu yebhayisiki yakho yokutya, kufuneka uqaphele ingozi.
Qaphela kwakhona: Ukwahlukana phakathi kweeBond kunye neBond Fund