ʻO ka waiwai kūpono e hana ana i ka hoʻi houʻana i kahi kūʻaiʻoihana
E nānā kākou i ke kumu e makemake ai ka poʻe waiwai kālā e nānā i nā makamae e kū nei a me kekahi mau kumu no ka komoʻana.
No ke aha ke koho waiwai?
Ua piʻi nui aku ka waiwai o ka hoʻolālā kālāʻana ma nā makuka i kūkuluʻia a me nā'ōmua. ʻO ka hōʻike nui o ka hōʻike kānāwai e hōʻike ana i ka hoʻokomoʻana i nā kumukūʻai me nā uku-uku o nā uku a me nā kumukūʻai o nā kumukūʻai a iʻole nā mea hoʻolaha iʻoi aku ma luna o kaʻoihana kūʻai i nā kūkala kiʻekiʻe ma ka holo lōʻihi. Ua lanakila nā mea kōkua i like me Warren Buffett i kēia mauʻokoʻa a ua hoʻolālā hou i kahiʻoihanaʻoihana ma luna o ka wā.
ʻO kahi pepa i paʻiʻia ma ka Hōʻuluʻulu Manawai Hōhā i ka makahiki 2002, hōʻike ia i ka neʻeʻana o kēia mau hana i loko o nāʻeke kūwaho, me ka 'value' nā huaʻai e loaʻa ana nā kiʻekiʻe kiʻekiʻe ma mua o nā kumukūʻai waiwaiʻole. Uaʻikeʻia ka hōʻike ma hope mai o ka Swiss Credit i kaʻikeʻana o nā kumukūʻai waiwai i loko o nā mea'ē aʻe heʻekolu wale nō 21 mau makamae i puka mai ma waena o 2000 a me 2013, me ka 'avelepaʻana' he 4.3 pakeneka o ka makahiki ke hoohalikeʻia me ka 3.1 pakeneka wale nō o nā'āina i kūkuluʻia.
Hiki i nāʻike waiwai kūpono o ka waiwai waiwai i meaʻono i nā mea waiwai nui, e like me ka poʻe i makemake i nāʻeke kūwaho. Ma o ka kūʻaiʻana i nā mea maʻamau i ka ho'ēmiʻana, hiki i ka mea hikiʻole ke emi i ka hopena ma kahiʻoihana lele lele me nā waiwai a me nā uku. Aia kekahi mauʻike e pili ana i ka waiwai o nā lāʻau waiwai ma mua o nā "waiwai kiʻekiʻe" stocks,ʻo ia hoʻi,ʻaʻole e manaʻo nui nā mea kālā e pili ana i ka beta.
Ka waiwai kūpono i nāʻAna Hōʻai'ē
Uaʻike nui nā'apuka i ka hōʻailona nui ma ka Great Decession i ka makahiki 2008, a ua kaumaha ka mea i hoʻopukaʻia e ka US Reserve Reserve e hoʻopau i kāna papa helu helu ("QE") a hoʻonui i ka uku uku. Uaʻike ka nui o nāʻeke makamae eʻike ana i ka emi iki o ka waiwai a $ 2 trillion i ka hōʻai'ē kālā - hoʻohanaʻia e nā aupuni kūʻokoʻa o nā māhele e kū ana a me nā kamaliʻi e hōʻai'ē - ua lilo i mea kumukūʻai e uku.
ʻO ka hōʻemi nui o ka ukuʻaila o kaʻaila kaʻoi aku i ka nui o kēia mau pilikia, no ka mea, nui nā mākeke e kū nei i keʻano o ka hoʻonuiʻana i nāʻoihana waiwai. ʻO kaʻoiaʻiʻo,ʻo nāʻoihana hoʻolālā e ulu nei, ma ka lakelika, ua hoʻonuiʻia i ka 50% o nāʻano huahana ma mua o ka honua i kūkuluʻia. ʻO kaʻailaʻaila no kahi hapa nui o ka hoʻolālā waiwai no nā aupuni e like me Russia a me Venezuela, a me ka hapanui o nā'āina i ka Middle East.
ʻO kēia mau kumuhana i alakaʻi i ke kaona waiwai nui mai nā makamae kūwaho, i hōʻino i ko lākou kumukūʻai e pili ana i nā mākeke i hoʻolālāʻia. Eia kekahi laʻana,ʻo ka US S & P 500 mau kālepa i ka loaʻaʻana o nā uku he 25.37x, ma Ianuali 19, 2017, akāʻo ka lawelaweʻana o ka MSCI Emerging Markets ma ke kaʻina uku uku o 12.06x wale nō.
No laila, hiki i nā mea waiwai waiwai keʻike i nāʻeke kūkaho eʻoi aku ana nā manawaʻoi aʻe ma mua o nā kumukūʻai i kūkuluʻia.
ETF, Mutual Fund and Stocks
He nui nāʻano likeʻole e hiki ai i nā mea kālā ke loaʻa kaʻike i nā makuka e kū ana, e like me nā ukanaʻo kēlā me kēia kanaka, nā kālā i kālepaʻia ("ETFs") a iʻole kālā'ai'ē .
ʻO ka International ETF e kū nei i ke ala hiki ke maʻalahi a me ka maikaʻi loa e kūkulu i ka hōʻike i hāʻawiʻia i ka hoʻolakoʻana i kahi kōpili holoʻokoʻa i kahi palekana me nā lilo haʻahaʻa ma mua o ka nui o nā kālā likeʻole. ʻOiai he nui nāʻokoʻa e kū ana ma kahi kūʻai a nā FF e koho mai, e kau wale ana ka lima o lākou i nā manawa kūʻai waiwai. ʻO ka hapanui o kēia mau mea i kapaʻia he mākaukau beta pūnaewele e hoʻohana ana i nā kulekele helu kuhikuhi.
ʻO ka helu kūʻokoʻa kūwaho nui loa o ETFs:
- FaultShares Morningstar Hoʻokumu Makamae Factor Kī (TLTE)
- IShares MSCI Hōʻikeʻana i nā Makaika Loaʻa Loaʻa (EEMV)
- SPD S & P Hōʻuluʻulu Manaʻo Kālā (EDIV)
- Nā Kūʻai Hoʻopiʻi Kupanaha Manaʻo Kūlana kiʻekiʻe (DEM)
Loaʻaʻia ka nui o nā kālā kālā e koho ai mai ia mea e kauʻia ana i nā kumukūʻai o ka mākeke kūwāhi, akāʻo ka hapanui o kēia mau mea e mālama ponoʻia ana ma mua o ka loaʻaʻole o nā kālā beta (albeit smart beta). Hiki keʻoi aku ka maikaʻi o ka lakio pōleʻa ma mua o nā ETF,ʻo ia hoʻi he mea nui i nā mea waiwai e noʻonoʻo i nā mele a me nā kumu'ē aʻe.
ʻO kekahi kūlana kūʻokoʻa kūwaho kūwaho nui o kēlā me kēia kālā:
- ʻO T. Rowe Nā Hōʻai'ē Hōʻaikai Kūpono Value Stock (PRIJX)
- Ka Hōʻai'ē Kuhi KauwaiʻAi MokuʻAmelika (AEVVX)
- Kākoʻo kālāʻo Markes Emerging Markets (BEMIX)
I ka hopena, hiki i nā mea kālā ke kūʻai i nā kumukūʻai like me nā American Depositary Receipts ("ADRs") ke kālepaʻana i nā mea kūʻai a US a me nā mea'ē aʻe. ʻO nā manawa pinepine,ʻo ka māmā loa o ka loaʻaʻana o kēia mau manawa,ʻo ia ka hoʻohanaʻana i nā mea nānā ukana a nānā i nā kālepa'ē aʻe e kūʻai ana i nā kumukūʻai a hapa nui paha e hoʻohana ana i nā mea hana like FinViz (www.finviz.com). ʻO kaʻaoʻao ma lalo, heʻoi aku ka maikaʻi o ka hanaʻana i kahi kōpili a nui loa o kēia mau lāʻau i emiʻole ka wai.
Ka Lā Lalo
ʻO kaʻoihana o nāʻelele e ulu nei i ka wā kahiko, he mau mea hoʻokūkū waiwai kālepa. I ka nānāʻana i nā manawa, makemake paha nā mea kālā e noʻonoʻo i nā kālā kūpono a iʻole ka nānāʻana no nā manawa kūpono, akā e hoʻomanaʻo ana i ka hopena o nā lilo kiʻekiʻe, ka waiwaiʻole, a me nā mea pilikia'ē aʻe.