, Ʈ ͷ ŭ ʾ ڵ , ֽ ƴ ݿ ؾ ұ? ̿ Point View Financial Services λ ̺ G. ü(David G. Dietze) 6 ݴ ǻ縦 .
1.
1½ 500$ ұ ƴϸ 3,000$ ұ? ƹ ١ ̴. κ ڴ ں âѴ. ̷ ͷ äͷ̳ Һ ̷ Ϳ ִ. ִ 100$ 1 110$ ִ. ƽԵ, ̳ ҵ浵 â Ѵ.
ݿ ġ . , . ġ ٸ ͵鿡 ġθ ѵǾ ִ. Ⱓ ġ ſ Ǿ Դ.
ݿ ġ οϷ õ ־. 1½ Ż纹 ݰ ٰ ߴ. ٸ ̵ 1980 ̷ ݰ S&P 500 1.74 ߰, ̿ 1½ 2,000$ Ǿ Ѵٰ ߴ.
ٸ 1980 ̷ ݼӰ ְ 2,287$ Ѵٰ ߰, ÷̼ Ͽ ̸ ϸ 850$ Ǿ Ѵٰ ϱ ߴ. ϱ , ݰ 850$ 쿡 ϴ. 1980 ĵ ҷ Ͻź ħ ÷̼ ؽϿ ̴.
ٸ 鿡, 뿡 Ǿ Ѵٴ 嵵 ִ. ˷ ٿ 1½ 556$̴. ̿ ° ٸ, پ ̰ ̴. , ٸ, ͼ 굵 ͼ 鼭 ̴. 귮 ϰ ̴.
2. ϴ ʴ ǰ̸, ٽ ȸ ִ
Һϴ . Һ þ ʴ´. Ǿ , 1990 ħü ϸ鼭 Һ ϰ ִ. κ ڻ зǰ, ݰ ȯ游 Ǹ ŷǰų ٽ ִ.
߿ η 簡 ۵ ̷ ä κ ¸ ϰ ְ ٽ 忡 ɼ ִٴ ̴. , þ ִ. · ӿ ̶, ݰ ϴ ٸ ӿ ٽ ־ ִ ̴. ̷ ݿ ڸ ϰ Ѵ.
1970뿡 ߴ. 20Ⱓ, ġ ÷̼ 80% ϶ߴ. ̷ ɼ ó Ѵ.
3. Ȳ , װ 信 ĥ
÷̼ǰ ༼ Դ. ÷̼ ϴ ſ ٴ ̴. ÷̼ǿ Ҹ å ʹ 游ϰ ȭå ʹ ϴٰ Ѵ. ( غȸ) ֱ ȭ ȭ Ȯå ϰ Ѵٰ ǥ ó ̴.
å ڵ ൿ ϴ ſ ƴ. ÷̼̳ ǹ ġ ʴ´. ݸ ø Ͱ ʿ̸ ̷ å ÷̼ Ҹ ̰, ݿ Ÿ ̴.
Ӵٴ Ϳ ٰؼ 꿡 ϰ ; ڴ. ó, ڵ ̵ 潺 ̰ ̴. ڵ ݵ ݺϰ ְ, Ϻδ 3 ʾҴ.
ٽ ݿ ŷǰ ִٴ ̴. Ȯ ó ø ο ̴.
4. ϴص, Ǿ ִ
2004 3 , Ư 2008 2谡 Ǹ鼭 Ұ J Ŀꡱ ̰ ִ. ؽ ÷̼̳ ص Ѵ ȭ .
̰, ̴ ŷ ٲ ִ. 1990 IT ϰ Ѵ. , ÷̼ǰ ä ݿϿ õõ ִ. ֱ Ͻ ̰, ɰ ũ ϰ ִ.
ݿ ȯ δ. TV Ǹϴ ´. ڵ 鼭 ſ ʰ ǰ ִ. Ͽ Ͼ ġ ó ǰ ִ. ġ , ٽ ƿ´ٴ Ӿ Դ.
5. ̴
ֽ ŷ ϳ ں̵濡 15%(츮 ŷ 0.3% ) ѵǾ ִٴ ̴. , 츦 Ѵ. ǰ Ǿ, ְ 28% ´. ڵ ETF ص ְ ̴.
ݿ ϱ ߴµ ̷ ϰ ʹٸ, ݱ ȸ ֽ . ġ Ѿ ũ ϴ ݸ, ҵ濡 û پ ̴.
ٸ ̿ؼ ϴ ̴. ̳ ȭ ġǰ ڴ , ϰ ִ ETF ȴ. ݿ ҵ ʴ´.
6. 帧 Ѵ
ݰ ̳ ڸ ʴ´. Ǹε ʿ 鿡 ް Ȳ ƴϴ. ϰ ִ Ϳ ȸ, ִ ٸ ȿ ŭ ִٴ ̴.
ϳ δٸ, ϰ ϱ Ḧ ϴ . ̷ ETF ٰ ִ ƴϴ. ETF 0.4% Ḧ õ ݺ ϱ ̴.
̸ , ſ ϱ ؿ ִ.
1~6 Ư¡̶ Ĩô. Ư¡ .... ر Դϴ.
̰ fact. ̰ ִ Ƿ " fact ұϰ δ " ̶
ٰŸ մϴ. ݰ ̶ ٰŴ ϳ ֳ.
ڴ ݰ ö ƾ ϴ.
ݰ ʹ ʳ?
ȭü Ǿ ְ, ̱ 游ϰ ϰ ֽϴ.
Ⱑ " "( ̶ ) غϷ ϴ°.
װ Ȱų, Ǵ ᱹ ü 鸮Ŷ ڵ / ϰ ִ .
1) ̱ Ⱑ ȸǾ fed ⱸ ϰų, 2) δ ħü ٽ Ÿ ϰų( Ľ ٲų) ϱ ݰ մϴ.
1)̳ 2) Ÿ? ɼ ʾ Դϴ.
ݰ ִٰ ϴ.