Ndezvipi Zvokubhadhara Zvikwereti Zvokubhadhara Zvikwereti Kwauri?
The Relation Between Investment Risk and Reward
Sezvinowanzoitika kune mamwe masimari, mukana wekubhadhara mari yakawanda inounza ngozi yakawedzerwa. Sezvo zita racho rinoreva, mari yakasungirirwa mari yekusungirwa mari ndiyo inoshandisa mari inoshandiswa kuburikidza nekubhadhara mari uye / kana zvigadzirwa kuti zviwedzere kudzokera kwekutsvaga. Imwe katatu inokonzerwa nehutano yebhadha ne $ 100M muzvinhu kubva kune varairi vayo, somuenzaniso, inogona kukwereta imwe $ 200M kune vashandi vemari inoshandisa mari uye inoshandisa mari iyo yakakweretwa kutenga zvigaro zvakawanda nekuda kwevatengesi vayo, katatu kupera kwavo, asiwo kurasikirwa kwavo .
Kune rumwe muenzaniso, funga kana US Treasury kudzoka inenge 1%, katatu (kana kuti 3x) inokonzerwa neHarare yepfuma inodzoka 3%. Saizvozvowo, kudonhedzwa kwe3% muhutano hwehutano mune 3X yeveraged bond bond inokonzera kupera kwe 9%.
Semuenzaniso wezvakaitika pangozi uye kusagadzikana kwekutsvaga, funga nezvechiito muProShares Ultra 20+ Year Treasury ETF (ticker: UBT) muvhuvhu ra2011.
Kubva pamutengo wokuvhara we $ 105.25 musi waAugust 31, mari yacho yakasvika ku $ 140.52 naOctober 3 uye yakabva yasvika ku $ 111.38 musi waOctober 27 - kurasika kwe20.7% mumazuva gumi nematanhatu ekutengeserana. Usati watenga chibvumirano chechibvumirano, chengetedza kushivirira kwako kune ngozi kuitira kuti uone kana iwe unogona kukunda rudzi urwu rwekushaya simba.
Inverse Bond Funds
Leveraged bond funds haisi yega yega inoshandiswa yevashandi vasina mari.
Iko kunewo zvipfeko zvakasiyana-siyana zvekushinhana -kutengesa zvinhu (ETPs) zvinotengesa pamusika. Zvimwe zveEATs idzi mbiri-uye katatu zvakapetwa, kunze kwekuti dzichienda kune zvakasiyana nedzimwe sarudzo dzekushambadzira uye chinangwa chokumirira mukana wevatengesi kuti vabatsirwe nekukwirirana kwehutano hwehutano. Zvisinei, vanopa mungozi yakafanana nedzimwe svondo dzakasungirirwa.
Ko Vashandi Vanonzwisisa Vasinganzwisisi Nheyo dzeBond Bond?
Pasinei nokuti chinangwa chepakutanga chemari inoshandiswa mari yakave yakambove yakaitwa sei - dzimwe nguva inonzi yakagadzirirwa chete mazano ekutengesa kwenguva pfupi nevashambadzi vezvakawanda - vakave vakakurumbira zvikuru pakati pevatengesi vemabhizimisi, avo dzimwe nguva vanovabata sehupfumi hwenguva refu.
Izvo zvinoshandiswa mumabhandi emabhishopi kutarisa kubhadhara uye kushandiswa kwekushandiswa kwezvakabva kune dzimwe nyika kudzoka kwakashungurudza International Monetary Fund (IMF), iyo yakabudisa mapepa ekutanga muna 2016 pamusoro pengozi yakakura. Imwe pepanhau zvakare yakataura kuti haisi chete vatariri vezvisungo zvebhadhiro zvinonzi "rakasimudzirwa" iyo inoshandisa kubvumira. Nhamba iri kukura yezvakadzama-vanilla bond mari inoshandisa zviwanikwa. Ichi chiito, iyo IMF yakataurwa, inopa ngozi yakavanzwa kune vashandi vanogara.
Vashandi vanofanirwawo kunge vachiziva kuti mari mbiri uye katatu mari inoshandiswa mari inopa chete kutarisirwa kwemazuva mashoma.
Nokufamba kwenguva, zvinokonzera kugadzirisa zvinoreva kuti vashandi havazooni basa iro rakanyanyisa kana katatu kushanda kwezvisungo zvepasi. Ichokwadi, nguva yakareba nguva, hurukuro yakasiyana pakati padzo neidzo inotarisirwa. Ichi ndicho chimwe chikonzero chinokosha nei mari inoshandiswa mari inofanirwa kuve isingatarisirwi semari yekutsvaga kwenguva refu.
Nezvemari haigone kupa mutero, utsvaga, kana mari yemari uye mazano. Mashoko aya ari kuendeswa asina kufunga nezvezvinangwa zvekutsvaga, kubvumira kusangana nematambudziko kana mamiriro emari yemumwe muzvinabhizimisi chaiyo uye angave asina kukodzera kune varairi vese. Basa rekare harisi kuratidza migumisiro yemangwana. Kuisa mari kunosanganisira njodzi dzinosanganisira kurasikirwa kwatinoitwa mukuru.