He aha nā lālā hoʻolālā kiʻekiʻe?
ʻO nā lālā kiʻekiʻe kiʻekiʻe nā paʻa i hāʻawiʻia e nā hui a me nā hōkeo hōkeo ma lalo o nā haʻawina kūʻai. ʻO kahi hōʻailona o kahiʻoihana hoʻolako kālāʻo Microsoft a iʻole Exxon Mobil , nāʻoihana hui lehulehu e loaʻa ana ka waiwai nui a me ka nui o ke kālā ma kā lākou mau pane.
Loaʻa i nāʻoihanaʻelua iʻoi aʻe ka hōʻai'ē hōʻai'ē ma mua o ke aupuni US, no ka meaʻaʻohe kūpono e laʻaʻole lākou, aiʻole ma nā'ōlelo'ē aʻe,ʻaʻole e uku i ka waiwai a me nā uku uku i ka manawa.
I ka hoʻokaʻawaleʻana, ua hāʻawiʻia nāʻaha hua kiʻekiʻe e nā kamaliʻi me nā hiʻohiʻona e kuhihewa ana i ka paleʻana i kā lākou hōʻai'ē mai ke kohoʻana i nā haʻawina koho. Hiki i nā lālāʻoihana kiʻekiʻe ke loaʻa i kahi kiʻekiʻe o ka aie, nā meaʻoihana hoʻouluhi kālā, aiʻole nā uku loaʻaʻole.
Ma muli o ka hopena, hiki i ka mea hiki ke paʻakikī. No laila, e loaʻa ana i nā poʻe hoʻolahaʻike haʻahaʻa haʻahaʻa a me nā mea noi kālā e koi i nā mea kiʻekiʻe e loaʻa i ko lākou mau paʻa. ʻO ke kumu o ka hoʻopaʻaʻana o nā paʻa paʻa i ka uku i nā meaʻoi aku iʻoi aku ke kūkākūkāʻia i loko o kaʻuʻatikala pili i ka pilina ma waena o ka hopena a me ka hāʻawiʻana ma ka Market Mark .
Nā Risks o nā Palapala Hoʻoili Kūpono Loa
No nā poʻe i hoʻolako i nā huahua kiʻekiʻe ma o ke kālā likeʻole a iʻole ke kūʻaiʻana i kālā (ma mua o nā hoʻopaʻaʻana o kēlā me kēia kanaka),ʻo ka paʻakikīʻaʻole ia ke nānā mua.
ʻO ka piʻiʻana o ka makahiki ma muli o ka puka kiʻekiʻe he 4% o kēlā me kēia makahiki,ʻo ia hoʻi,ʻo ka hapa nui o nā kālā a iʻole nā ETF e mālama ana i ka māheleʻaʻoleʻike i kahi hana nui o nā hewa ma kēlā me kēia makahiki.
Akā,ʻo ka pilikia mua,ʻo ia ka hopena kiʻekiʻe o nā kūpaʻa kiʻekiʻe e like me nāʻano'ē aʻe o ka māhele hoʻopaʻa.
Ua holo maikaʻi nā lāpili kiʻekiʻe ma kahi o ka manawa, akā, hiki i ka papa waiwai ke hāʻule nui loa i ka manawa i huli ai ka'āpana kūʻai.
Ua hōʻikeʻia ka hananaʻoi loa loa loa i ka makahiki 2008 i ka wā i hoʻokūpilikiaʻia ai nā kūʻai kūʻokoʻa e ka US. MaiʻAukake 29 aʻOkakopa 27 o kēlā makahiki, ua lilo ka māheleʻaiʻoi aku ma luna o 25% o kona waiwai. He kūlanaʻano'ēʻole kēia, akā hōʻikeʻia nā hopena o ka hopena hikiʻole ke komo pū me kahi hoʻonui i nā hua kiʻekiʻe.
Kahaʻiʻo Historical Returns
ʻO ka pānaʻi kūʻai wā likeʻole e like me ka mea i hanaʻia ma ka 2008ʻaʻole i hōʻemi i ka hana lōʻihi o nā koina paʻa kiʻekiʻe. Ma ka makahiki heʻumi i pau i ka lā 31 oʻAukake, 2012, ua hāʻawi mai ke kumukūʻaiʻo Credit Suisse High Yield i ka huina o ka makahiki he 10.26% -ʻoi aku ma mua o nā māhele a pau o ka mākeʻa kūʻai hōʻokoʻa ma mua o ka paʻaʻana o nā kikoleʻa kūʻai .
I kēlā manawa hoʻokahi, ua hoʻihoʻiʻia nā koina hoʻonaʻauao-hoʻopaʻa (e like me ka mea i anaʻia e ka hōʻailona US Bond Index) i 5.48% o kēlā me kēia makahiki ma ka lakelika,ʻoiaiʻo ke kumukūʻai o nā US (e like me ka hāʻawiʻiaʻana e ka S & P 500 Index) ua hoʻihoʻiʻia 6.51%.
ʻAʻole i loaʻa wale nā kumukūʻai kiʻekiʻeʻana ma waho o nā waiwai i loko o kēia wā, akā, ua hanaʻia me ka hapalua o ka volatility -ʻo ia hoʻi, he kūlana koʻikoʻi ka pāʻoihana / pāʻoihana pili ma kahi pilina.
Pono ia e hoʻomaopopoʻia i nā huapalapala kiʻekiʻe i kāleleʻia i 23 mau lā o ka 28 mau makahiki kahiki a hiki i ka makahiki 2011 e like me Lipper.
Ma keʻano o ka uluʻana, ua loaʻa i ka papa waiwai ka waiwai o nā meaʻeono o ka helu waiwai e pili ana i nā Treasuries US ma mua o ka manawa. Eia naʻe, ua hoʻonuiʻia kēia pono - aiʻole ka huahaha - ua neʻe i loko o kahi ākea. Ua emi iho he 2.5 - 2.6 pakeneka pakeneka i ka makahiki 1997 a hiki hou i ka 2007, a ua like ka nui o ka helu he 21 pakeneka ma ka pilikia o ka makahiki 2008.
ʻO nā'eneki kūpona kiʻekiʻe e hana maikaʻi i ka wā o ka hoʻonuiʻana i ke kālā a me ka hilinaʻi o nā mea hoʻolimalima kiʻekiʻe. Ma ka hoʻololiʻana, hiki i ka papa waiwai ke hana i nā mea kūpono i ka wā e kiʻekiʻe ai ka hopena o ka hoʻoholo.
ʻO ka nui o nā hāpai o ka hoʻolimalima kālāʻaʻole i loaʻa ka hopena o ka hopena i nā koina ikaika e like me nā mea'ē aʻe o ka māhele kūʻai ma hope o ka loaʻaʻana o kā lākou huakiʻi he hele ka hapahā ma kahi o nā Treasuries i ka hopena o ka uluʻana e like me kona makemake. nāʻaelike me nā hua.
ʻO kēia pepa keʻokeʻo e ka mana waiwai o Alliance Bernstein e hāʻawi mai i nā mea kiko'ī no kēiaʻano.
Hoʻolakoʻia i kēia makahiki i kēlā me kēia makahikiʻo ka hanaʻana i nā koina ikaika kiʻekiʻe, me ka hoʻohālikelikeʻana i nā hōʻailona hōʻailona e kū'ē ana i nā mea kūʻaiʻelua a me nā koina ukana, aia maʻaneʻi.
ʻO wai ka mea nāna e hūnā i nāʻae i hoʻoliloʻia?
Hoʻonuiʻia nāʻaha kūpaʻa kiʻekiʻe e hāʻawi i kahi waena waena o nā meakomo a me nā kāmepa. ʻOiai lākou e loaʻa ana nā waihona waiwai kālā, uaʻoi aʻe kaʻoi aku o kaʻoihana kiʻekiʻe ma mua o ka hapa nui o ka māhele hoʻopaʻaʻana, aʻo ka lōʻihi o kā lākou hana ke nānā aku i kahi kokoke loa i ka māhele kūʻai ma mua o ka hoʻokomoʻana i nā koina.
ʻO ka lālā waiwai, he mea kūpono ia no ka mea eʻimi ana i ka waiwai nui a me ka mea e hiki ai ke hoʻonui i ka mahalo i ka wā lōʻihi, akāʻo ka mea hiki ke pale i ka pilikia a me ka mea nui - he hiki ke hoʻopaʻa i ko lākou waiwai noʻekolu elima makahiki. Ma muli o ko lākou kūlana kiʻekiʻe,ʻaʻole i kūpono i nā mea hoʻolale i nā mea kūpono i ka wā pōkole a iʻole ka pale haʻahaʻa no ka pilikia .
Pehea eʻimi ai
Loaʻa i nā mea hoʻolimalima kālā nui ka koho o ka kūʻaiʻana i nā koina kiʻekiʻe kiʻekiʻe ma o ka mea kūʻai aku. Eia naʻe, he hana hoʻoulu lima hana kēia e komo ana i kaʻike a me ka noiʻi kiʻekiʻe. Loaʻa ka hapanui o nā poʻe kālā i ke komoʻana i ka lālā ma o nā kālā likeʻole a me nā ETF . Loaʻa ka Morningstar i ka papa inoa piha o nā kumu pilikino kiʻekiʻe, me ko lākou mau moʻolelo i hōʻikeʻia. ʻO nā ETF nuiʻelua kiʻekiʻe kiʻekiʻe,ʻo SPDR Barclays Capital High Yield Bond ETF (JNK) a me iShares iBoxx $ Hāʻawi i ka Waihona Bond Bond Fund (HYG). Nā Other ETF e hoʻokomo nei i ka māhele:
- IShares iBoxx $ Hāʻawi i ke kālā Waiwai Bunduna (HYG)
- ʻO SPDR ka hanaʻana i ke kīkoʻo kiʻekiʻeʻo Fond ETF (JNK)
- SPDR Barclays Capital Short Short Term Bond ETF (SJNK)
- iShares 0-5 Hiki ke hāʻawi i ka hoʻokumuʻana i ka hui aupuni a me ka ETF (SHYG)
- PIMCO 0-5 Ka Hōʻai'ē Kuʻuna HōʻemiʻoʻAmelika Huʻukia kiʻekiʻe (HYS)
- Hāʻawi ka PowerShares High Priority i ka Bond Portfolio (PHB)
- Hāʻawiʻo Grant i ka ETF (HYLD)
- Nā hua'ōlelo kālepa Fallen Angel Bond ETF (ANGL)
- Ke Kiʻekiʻe Loa Loa Kūpono Loa / Loa ETF (HYLS)
- Kālā Treasure Treasury - Hāʻawiʻia ke Kūlana Bond ETF (THHY).
- Nā Kūlana Kūlana kiʻekiʻe o ka ProShares-Loaʻa Loaʻa i ka ETF (HYHG)
- ʻO Guggenheim BulletShares 2013 Ke Kūʻana i ka Waihona Bond Bond ETF (BSJD)
- Guggenheim BulletShares 2014 Haʻawina Kūpono Kūpono Kānana Aʻo (ETF) (BSJE)
- ʻO Guggenheim BulletShares 2015 Ke Kūlana Kū'ē Kūponoʻo ke Kenehana Aʻo (ETF) (BSJF)
- Guggenheim BulletShares 2016 Haʻawina Kūponoʻo ke Kino Lōpū ETF (BSJG)
- Guggenheim BulletShares 2017 Ke hāʻawi i ka hoʻokumuʻana i ka hui aupuni (ETF) (BSJH)
- Guggenheim BulletShares 2018 Hiki ke hāʻawi aku i ka hoʻokumuʻana i ka hui aupuni (ETF) (BSJI)
- Guggenheim BulletShares 2019 Haʻawina hoʻonui i ka 'oihana Bond ETF (BSJJ)
- Guggenheim BulletShares 2020 Ke Kūkulu Loa i ka Waihona Bond ETF (BSJK)
Hiki i nā mea kālā kālā ke loaʻa i nā mea kūʻai i nā koina kūlana kiʻekiʻe ma waena o nāʻenehana ETF:
- Hāʻawiʻo IShares i ke kiʻekiʻe kiʻekiʻe kiʻekiʻe i ka Waihona Bund Bond Fund (GHYG)
- Kāleka Honua Kuleana Mea'Āina Kālā'Ilepa (IHY)
- iShares Global ex USD Haʻawina hoʻonui i ke kālā hui kālā (HYXU)
- Kākoʻo PowerShares Global Short Term Kīkoʻo Bond Portfolio (PGHY)
- Nā Huahana Kūʻai Makamae Kūʻai Loaʻa-Kūpono EFE (HYEM)
- Pākuʻi Hōʻai'ē Kālā Hōʻai'ēʻoka iShares (EMHY)
Ka Hoʻohaha :ʻO kaʻike ma kēia pūnaewele ua hoʻolakoʻia no ke kūkākūkāʻana wale nō, aʻaʻole pono e kuhiʻia e like me ka'ōlelo aʻo kālā. ʻAʻohe kumu e hōʻikeʻia kēiaʻikepili i manaʻo e kūʻai a kūʻai aku i nā palekana. E huli mau i mua o kou hoʻolālāʻana.