Mafungiro Aungaita Nezvesitoro Zvitengo

Ndiyo Mistake yekuisa pfungwa paZvako Mutengo Zvimwe Chete Nokuti kukosha Icho Chinopesana

Nguva yekutsvaga pop-quiz. Kana iwe waive ne $ 1 000 kuti uite mari uye ukapiwa sarudzo pakati pekutenga zvikamu zana zvekambani ABC pa $ 10 per share, kana zvikamu 5 zvekambani XYZ pa $ 125, ndeupi waungasarudza? Vazhinji vatengesi vanoenda kune zvikamu zana zveABC nokuti mutengo wegovero wakaderera. "Iko mari ye $ 10 inotapudza," vanopikisa, "iyo $ 125 pamudziro wekutengeswa kweimwe sengozi haina ngozi uye ine pfuma yekutora kwangu."

Kana iwe uchibvumirana nemafungiro aya, uri mukutya. Ichokwadi ndechekuti iwe hauna ruzivo rwakakwana kuti uone kuti chikwata chinofanira kutengwa sei zvichienderana nekutengesa mutengo chete. Iwe unogona kuwana, mushure mekunyatsoongorora, $ 125 mari inodhura kudarika $ 10 mari! Sei? Ngatinyatsoongorora.

Shandisa Mutengo uye Stock Splits - Iyo Coca-Cola Muenzaniso

Chikamu chimwe nechimwe chezviyo muhofisi yako yepodfolio chinomirira chikamu chiduku mune bhizinesi. Muna 2001, Coca-Cola yakawana $ 3.696 mabhiriyoni mubatsiro. Icho chinwiwa chinwiwa chakanga chine anenge anenge mabhiriyoni maviri emiganhu yakawanda. Zvinoreva kuti imwe neimwe yezvikamu izvi inomiririra muridzi wemabhizimisi (1 / 2,500,000,000) mubhizinesi (kana 0.0000000004%) uye anokupa iwe $ 1.48 yehupfumi ($ 3.696 pfuma yakapatsanurwa nemazana maviri mabhiriyoni = $ 1.48 per share).

Tifungidzira kuti kambani yacho inoshambadzira pamadhora makumi mashanu nehafu uye boka revatungamiri veCoca-Cola inofunga kuti iyo inodhurawo mari yevashambadziri vepakati.

Somugumisiro, vanoparidzira chikamu chakaparadzaniswa . Kana Coke achizivisa 2-1 chikafu chinoparadzaniswa , kambani yacho yaizopeta chikamu chemari inowanikwa (munyaya iyi nhamba yezvikamu ichawedzera kusvika mabhiriyoni mashanu kubva kune mabhiriyoni maviri). Kambani yacho yaizogovera mugove wega wega wega wega wega wega wega (kutora, kana uine zvikamu makumi mashanu pamadhora makumi mashanu muhomwe yako yeMuvhuro, mushure mekuparadzana, iwe unenge uine mazana 200 pa $ 25 mumwe nomumwe).

Nhengo imwe neimwe yezvikamu iye zvino inongoda 1 / 5,000,000,000 yekambani, kana kuti 0.0000000002%. Nokuda kwekuti mugove wega wega zvino unomiririra hafu yehuyo hwawakaita musati waparadzana, unongova nekodzero yehafu yezvibereko, kana $ 0.74.

Mubhadhari anofanira kuzvibvunza iye zviri nani - kubhadhara $ 50 ye $ 1.48 mumari, kana kubhadhara $ 25 ye $ 0.74 muhomwe? Kwete! Pakuguma, mutyairi anouya zvakangofanana. Mutengesi uyu wakafanana nemurume ane $ 100 Bill achikumbira ma $ 50. Kunyange zvazvo iye zvino zvinoita saiye ane mari yakawanda, hupfumi hwake hauna kuchinja. Izvo, zvichiitika, zvinofanira kuratidza kuti hazvina maturo kumirira kutengeswa kwezvitoro vasati vatenga zvikamu zvekambani.

Shandisa Mutengo Nezvokukosha

Izvo zvose zvinoshandisa kuita imwe pfungwa inokosha zvikuru: mugove wekugovera pachako haurevi chinhu. Iyo inowanikwa mutengo maererano nehuwandu hwekuwana uye mari yekutengesa iyo inosarudza kana chikwata chapera kana kuti chisingaverengeki.

Kudzokera kumubvunzo wandakaona pakutanga kwechinyorwa chino, tora zvinotevera:

IACC inotengeserana pamutengo wekuwana mari yehuwandu (p / e chiyero) che 67 ($ 10 mugove wega wega wakapatsanurwa ne $ 0.15 EPS = 66.67).

Iko ye XYZ, kune rumwe rutivi, inotengesa pa ap / e ye 3.57 ($ 125 yega yega inokonzerwa ne $ 35 EPS = 3.57 p / e).

Mune mamwe mazwi, uri kubhadhara $ 66.67 ye $ $ 1 mumari yawanikwa kubva kune kambani ABC, apo kambani XYZ iri kukupa imwechete $ 1 mumari ye $ 3.57 chete. Zvose zvese zvakaenzana, huwandu hwakawanda husina kukodzera kunze kwekunge kambani yeAbc iri kukura nokukurumidza.

Dzimwe makambani ane chirongwa chekusazomboparadzanisa zvikamu zvavo, achipa mutengo wemugove kuonekwa kwekuwedzeredza kudhura kune vasiri varairi vadzidzisi. IWashington Post, somuenzaniso, ichangobva kutengesa pakati pe $ 500 ne $ 700 muchikamu neEPS ye $ 22. Berkshire Hathaway yakatengeserana nepamusoro pe $ 70,000 payo neEPS ye $ 2,000. Nokudaro, Berkshire Hathaway , kana yakadarika madhora makumi mashanu nemakumi mashanu emari, inogona kunge iri nani kutenga kupfuura Wal-Mart pa $ 70 per share.

Verenganidza mutengo zvakakwana zvachose.