| [: Ʒ Ư ũ(valuewalk.com) 11 4 Դϴ. ֽĿ ǰ Դϴ.]
* ó: DIVIDEND GROWTH INVESTOR(www.dividendgrowthinvestor.com/), CONVICTION," 2021 11 4, https://www.valuewalk.com/conviction/
ڿ ʿ* ó: DIVIDEND GROWTH INVESTOR(www.dividendgrowthinvestor.com/), CONVICTION," 2021 11 4, https://www.valuewalk.com/conviction/
ϴ ϳ ٸ ̵ , Ȯ ١ ̴.
ڵ ٷ ֱ Ǹ ̶ ִ. 츮 Ϻδ ٸ ״ м ä ϱ Ѵ. ̴ Ÿο ϴ ̱ µ̴. 츮 ൿ ڽŸ ڰȹ Ѵ. Ȳ ڽ ȹ ˾ƾ Ѵ.
ڴ Ϲ , ϰ, ٸ ڵ ڷḦ а ȣۿ ϸ鼭 ھ̵ ãµ ַ ð . ̵ Ÿϴٰ ϴ ٽ ɷ. ̷ ൿ å, ű⼭ ڷμ ϴ ܰ ư.
ݱ 15 缺ֵ鿡 ؿ, Ϸ ħ õϰ Դ. ħ ϳ ߴ ڵ ϴ ̴. ŷ ϴ ߰ϰ ȸ ãµ DZ ڵ鿡 ſ ȴٰ ϰ ִ.
ģ Ȯ
ߴ ڵ鿡 ü м Ѽͷ Ȥ 10 Ⱓ ̷ 缺 ְ ̸ ٴ ߰ϰ Ǿ. 2008 ߴ Ϻ ̵ 2011 Ʈ 캸Ҵ. ο콺(Lowe's) ְ ϳ ̶ ߴ. Ʈ ν ִ ־. ŵϰ ġ żϴ Ϻ Ǽ ϱ , Ҵ.
̸ Ϸ ߰, ̴ Ǿ. л ڰ Ǿ, ڴ ʰ Ǿ. ְ 10 ھ̵ 50-100 л Ʈ ȿ ԵǾ ϱ , 10 ְ ھ̵ . 迡 , ְ ھ̵ ְ Ȯߴ 10 Ȥ 20 ܿ Դ.
츮 , װ 츮 Ǵٴ ִ ƴϴ. ൿ ٽ м ſ ൿ̴. Ȯ Ǹ Ȯſ ̸, θ, 뼺 ֱ ڿ Ȯ Ѵ. Ģ ϰ, Ȯ κ ڵ鿡 ִ. Ȳ ̶ ϸ鼭 ñ⸦ Ƽ Ȯ ͵ , Ȳ ٲ ڽŵ ٲ Ѵٴ ͵ ˾ƾ Ѵ. Ȯź ߿ϴٰ . Ȯ ݴ ְ, ׳ ż ֱ ̴. Ҵ Ϸ ũ.
ǰߺ
Ϲ, Ϲ Ǹ Ϸ Ǹ ̷ ִٰ Ѵ. ϰ ϰ, ϰ ־ Ѵ. ְ ǰ, ־ . ϰ, ս ϴ ̴. ̴ ǰ ƴ϶ ؾѴٴ ǹѴ.
̴ ý ͱ ìų 丮 ƴ϶, ٴ ǹѴ. , ʰ ϴ ׳ ڸ Ѵ. ̴ ݱ ̾. ̰, ΰ 缭 氪 ȼ ְ, ս ̰ شȭϴ ִ.
̿ Ģ 1: . Ģ 2: Ģ 1 ſ Ѵ.
ս ּȭ ũ Ͽ
, ڿ ϱ ؼ ְ ѱ ռ ũ ε带 ս ּȭϴ ãƾ Ѵٰ ִ. ɼ ǵ θ , Ʈ Ŵ( )μ Ϲ ũ ϴ ̴.
1. л ũ
ũ ϴ ù ° ǿ Ʈθ ġ ̻ ũ ο ʴ ̴.
̷ 鿡 ٱϿ л ϸ, ְ ̵ ϴ ݴѴ. ̵ 2031 ְ ̵ ̸ ϱ ̴. 뷫 , Ǽ ִٴ , Ȯϸ ߴ ͺ ϱ ƴٴ ͵ ؾ Ѵ. 30-50 лϰ ִ. ̴ Ʈ ġ 2-3% ̻ ڱ ʴ´ٴ ǹѴ.
̵ ֽ ġ 0 Ǿ, Ҵ Ʈ ġ 2-3% ģ. ̷ սǿ ұϰ , ٸ ǵ ؼ ս ִ.
Ʈ ϴ ߰, ̸ ߴٴ ݹ ´. , ƴϸ, е ƴϴ. ũ ؼ̴ 44 ֽ Ʈ , ̺ μ л ´. ڷ Ʈ κ ɼ ͺٴ ټ ں Ǵ ξ ȣѴ.
1950 1960뿡 ݺ ߴ , ״ 20-30 ڻ ߴ. ߿ װ Ϲ ( ֽ), ũƿ(M&A, , û), 濵 (ൿ ) лϰ ִٴ ̴.
2.
ũ ϴ ° , ̴.
缺ڷμ ִ żѴ. ̴ ϱ ̰ ȴٴ ̴. (ڶ ϵ ϵ) ϰ װ ִ ǥ 鼭 ֽ żѴ. , ؼ Ѵ. , , 谨 ʴ Ѵ. ϴ ݴ ħ ȿ ü Ʈ ϴ 2-3% ̸̸ ߰ ż Ѵ.
Ǹ, ̻ ߰ ż ̴. ̴ ⺻ Ȳ ʰ ư ִ ȣ. Ȳ Ʊ ִ ߰ м, ൿ ʴ´.
⼭ ư 谨Ǹ, ̴ Ѽյ ǹѴ. ִ ñⰡ DZ⸦ ϸ鼭 ż, ߰ 谨Ǹ, ̴ Ȳ ٲٴ ִ ȴ. ̰ ذ ܱ Ȳϼ ִ. · Ȳ ٲ ̱ ŵϰ ٸ ִ´. ܱ ٴڿ ŵϰ ֽ ٽ 質 ɼ , ̴ ߿ ʴ.
ϰ Ѵ . ϰ ì ʿ䰡 . ְ ܱ ϶ ؼ ƴϴ. Ʈ κ Ϻ 鿡 ϴ ֱ ã ̵ ϴ ո̴.
ü Ȳ ư ִٴ ǹѴ. ȿ ̴. ǥ Ⱓ, ٶϰԴ Ⱓ ӵǴ ̴. ǥ ٽ ǰ мϴ ƴ϶ ѹ Ÿ Ÿ ö ̴.
ڵ ϴµ ´. ֽ ʹ , ǰ̶ ְ, ٸ ΰ , Ͻ Ϻ ְ, ְ ְ , ִ.
׳ ϴ ɸ ſ ̴. ̷ ɸ ִ ſ ߰ ִ. ħ 谨ϰ ǰ ŵϰ Ǵ ̸, Ʈ ־ ̴. ̵ Ǽ ս ־ Ʈ ־ ̸, ̴. ̷ ƹ մ ŵߴٸ ݰ ̴.
3. ݴп
°, ż ݴп . Ϲ Բ ۵ϴ ε ִ.
- ֱ 5-10Ⱓ ִ
- ÷̼ 缺
- Ӱϰ ü ȿ ִ 缺
ִ ϸ, ø ִ. ݴ ִ , а Ʈ ƴ ̴. ̼ǵ , ִ ƴϴ. PER 缺 , ش ȸ ٸ ȸ Ѵ. , ֱ, 캻.
ణ Ѵ ص ִ ϸ ᱹ ̴. ݸ, ϴ , PER ̶ֽ ص ġ ִ.
4.
õõ ϴ ִ. żϰ, ణ ð ߰ żϴ ִ. ̷ ߴ ڿ ִ ڻ ϴµ ð ɷȱ ̴. , κ ߰, Ⱓ ߴ.
̷ ſ ϰ żϰ ȴٴ ̴. ð 鼭 ش ϸ ̴ ʴ´.
̷ ߿ Ȳ ȭ ð Ȥ м Ʋ ִ ð ִٴ ̴.
ۿ ӿ Ƴ ִ ̵ Ұߴ. Ģ ڵ ӿ Ƴ ϴ ϴ´.
- л .
- Ʈ ġ ̻ ũ ο .
- 鼭 ũ .
- ݴп .
- .
- ϰ .
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