{"id":11286,"date":"2026-01-13T12:53:06","date_gmt":"2026-01-13T04:53:06","guid":{"rendered":"https:\/\/www.invbus.com\/blog\/?p=11286"},"modified":"2026-01-13T12:53:58","modified_gmt":"2026-01-13T04:53:58","slug":"%e6%bc%ab%e6%ad%a5%e5%8d%8e%e5%b0%94%e8%a1%97%ef%bc%88%e7%ac%ac12%e7%89%88%ef%bc%89-%e7%ac%ac%e5%9b%9b%e9%83%a8%e5%88%86-%e9%9a%8f%e6%9c%ba%e6%bc%ab%e6%ad%a5%e8%80%85%e7%ad%89%e6%8a%95%e8%b5%84","status":"publish","type":"post","link":"https:\/\/www.invbus.com\/blog\/?p=11286","title":{"rendered":"\u6f2b\u6b65\u534e\u5c14\u8857\uff08\u7b2c12\u7248\uff09-\u7b2c\u56db\u90e8\u5206 \u968f\u673a\u6f2b\u6b65\u8005\u7b49\u6295\u8d44\u8005\u7684\u5b9e\u52a1\u6307\u5357"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\" id=\"blogTitle0\">\u7b2c12\u7ae0 \u968f\u673a\u6f2b\u6b65\u8005\u7b49\u6295\u8d44\u8005\u7684\u5065\u8eab\u624b\u518c<\/h2>\n\n\n\n<p>\u62ff\u94b1\u6295\u8d44\u65f6\uff0c\u4f60\u60f3\u83b7\u5f97\u591a\u5c11\u6536\u76ca\uff0c\u5e94\u8be5\u53d6\u51b3\u4e8e\u4f60\u60f3\u5403\u5f97\u597d\u8fd8\u662f\u7761\u5f97\u9999\u3002<\/p>\n\n\n\n<p>\u2014\u2014J.\u80af\u83f2\u5c14\u5fb7\u00b7\u83ab\u5229\uff08J. Kenfield Morley\uff09\u300a\u6211\u7684\u4e00\u4e9b\u4fe1\u5ff5\u300b\uff08Some Things I Believe\uff09<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle1\">\u7ec3\u4e601\uff1a\u63d0\u65e9\u50a8\u84c4<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5c3d\u65e9\u5b9a\u671f\u50a8\u84c4\uff1b<\/li>\n\n\n\n<li>\u50a8\u84c4\u592a\u5c11\/\u5f00\u59cb\u592a\u665a\uff0c\u9009\u62e9\u63a8\u8fdf\u9000\u4f11\/\u7a0e\u6536\u6709\u4f18\u52bf\u7684\u9000\u4f11\u91d1\u8ba1\u5212<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle2\">\u7ec3\u4e602\uff1a\u7528\u73b0\u91d1\u50a8\u5907\u548c\u4fdd\u9669\u4fdd\u62a4\u81ea\u5df1<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u751f\u6d3b\u662f\u4e00\u4e2a\u6709\u98ce\u9669\u7684\u547d\u9898\uff0c\u5728\u6bcf\u4e2a\u4eba\u4e00\u751f\u4e2d\u90fd\u4f1a\u51fa\u73b0\u610f\u60f3\u4e0d\u5230\u7684\u9700\u8981\u82b1\u94b1\u7684\u4e8b\uff08\u51e1\u4e8b\u53ef\u80fd\u51fa\u5c94\u5b50\uff0c\u5c31\u5fc5\u5b9a\u4f1a\u51fa\u5c94\u5b50\uff09<\/li>\n\n\n\n<li>\u6295\u9012\u533b\u7597\u548c\u6b8b\u75be\u4fdd\u9669 + \u4e09\u4e2a\u6708\u751f\u6d3b\u8d39\u7528\u7684\u50a8\u5907\u91d1<\/li>\n\n\n\n<li>\u623f\u5c4b\u4fdd\u9669\/\u6c7d\u8f66\u4fdd\u9669\/\u5065\u5eb7\u548c\u6b8b\u75be\u9669\/\u4eba\u5bff\u4fdd\u9669(\u5c24\u5176\u6709\u629a\u517b\u5bf9\u8c61)<\/li>\n\n\n\n<li>\u53ef\u7eed\u4fdd\u7684\u5b9a\u671f\u4fdd\u9669 + \u50a8\u84c4\u6295\u8d44<\/li>\n\n\n\n<li>\u4e0d\u4f1a\u8d2d\u4e70\u53ef\u53d8\u5e74\u91d1\u4ea7\u54c1\uff0c\u8981\u5b9e\u73b0\u8d22\u52a1\u5b89\u5168\uff0c\u8bf7\u8bb0\u4f4f<strong>\u9ad8\u4e8e\u4e00\u5207\u7684\u89c4\u5219\u662f\u4fdd\u6301\u7b80\u5355<\/strong><\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle3\">\u7ec3\u4e603\uff1a\u73b0\u91d1\u50a8\u5907\u6536\u76ca\u7387\u8ddf\u4e0a\u901a\u8d27\u81a8\u80c0<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u8d27\u5e01\u5e02\u573a\u5171\u540c\u57fa\u91d1<\/li>\n\n\n\n<li>\u94f6\u884c\u5b9a\u671f\u5b58\u5355<\/li>\n\n\n\n<li>\u7f51\u4e0a\u94f6\u884c<\/li>\n\n\n\n<li>\u77ed\u671f\u56fd\u503a<\/li>\n\n\n\n<li>\u514d\u7a0e\u8d27\u5e01\u5e02\u573a\u57fa\u91d1<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle4\">\u7ec3\u4e604\uff1a\u5b66\u4f1a\u907f\u7a0e<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5229\u7528\u6bcf\u4e2a\u673a\u4f1a\u4f7f\u50a8\u84c4\u5f97\u5230\u7a0e\u6536\u62b5\u6263\uff0c\u8ba9\u4e2a\u4eba\u8d22\u5bcc\u80fd\u5728\u514d\u7a0e\u7684\u60c5\u51b5\u4e0b\u4e0d\u65ad\u589e\u957f<\/li>\n\n\n\n<li>\u9000\u4f11\u91d1\n<ol class=\"wp-block-list\">\n<li>\u4e2a\u4eba\u9000\u4f11\u91d1\u8d26\u6237\uff0c\u7a0e\u6536\u5ef6\u8fdf\uff08\u6295\u8d44\u6536\u76ca\u4e0d\u6536\u7a0e\uff0c\u9000\u4f11\u65f6\u7eb3\u7a0e\u7b49\u7ea7\u66f4\u4f4e\uff09<\/li>\n\n\n\n<li>\u7f57\u65af\u4e2a\u4eba\u9000\u4f11\u91d1\u8d26\u6237\uff08\u6eda\u5b58\u65f6\u7eb3\u7a0e\uff0c\u9000\u7a0e\u4e0d\u7eb3\u7a0e\uff09<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u517b\u8001\u91d1\n<ol class=\"wp-block-list\">\n<li>401k\u548c403b<\/li>\n\n\n\n<li>\u81ea\u96c7\u517b\u8001\u91d1\uff0c\u5546\u4e1a\u517b\u8001\u91d1\uff1f<\/li>\n\n\n\n<li>529\u5b50\u5b59\u5927\u5b66\u6559\u80b2\u50a8\u84c4<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle5\">\u7ec3\u4e605\uff1a\u8ba4\u6e05\u81ea\u5df1\u7684\u6295\u8d44\u76ee\u6807<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5339\u914d\u8d2d\u4e70\u7684\u8bc1\u5238\u7c7b\u578b\u4e0e\u98ce\u9669\u627f\u53d7\u5ea6\uff1b<\/li>\n\n\n\n<li>\u5339\u914d\u5f53\u524d\u6536\u5165\u548c\u7a0e\u6536\uff1b<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle6\">\u7ec3\u4e606\uff1a\u8003\u8651\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u57fa\u91d1<\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle7\">\u7ec3\u4e607\uff1a\u8003\u5bdf\u503a\u5238<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u96f6\u606f\u503a\u5238\n<ul class=\"wp-block-list\">\n<li>\u4f18\u70b9\n<ol class=\"wp-block-list\">\n<li>\u9762\u503c\u6298\u6263\u4e70\u5165\uff1b<\/li>\n\n\n\n<li>\u5230\u671f\u5151\u6362\u73b0\u91d1\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u7f3a\u70b9\n<ol class=\"wp-block-list\">\n<li>\u6536\u76ca\u4f5c\u4e3a\u6536\u5165\u7533\u62a5\uff1b<\/li>\n\n\n\n<li>\u7ecf\u7eaa\u4eba\u7684\u4f63\u91d1\u8d39\u7528\uff1b<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>\u514d\u624b\u7eed\u8d39\u7684\u503a\u5238\u578b\u5171\u540c\u57fa\u91d1\uff1b\n<ol class=\"wp-block-list\">\n<li>\u63a8\u8350\u8d39\u7528\u4f4e\u5ec9\u7684\u503a\u5238\u6307\u6570\u57fa\u91d1\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u514d\u7a0e\u503a\u5238\u548c\u503a\u5238\u57fa\u91d1\uff0c\u9002\u5408\u8eab\u5c45\u9ad8\u7a0e\u6536\u7b49\u7ea7\u7684\u4e2a\u4eba\uff1b\n<ol class=\"wp-block-list\">\n<li>\u6bd4\u8f83\u503a\u5238\u5229\u7387\u4e0e\u7a0e\u8d39\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u901a\u8d27\u81a8\u80c0\u4fdd\u503c\u503a\u5238\uff1b\n<ol class=\"wp-block-list\">\n<li>\u6839\u636e\u901a\u8d27\u81a8\u80c0\u7387\u8c03\u6574<\/li>\n\n\n\n<li>\u6536\u76ca\u7eb3\u7a0e\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u503a\u5238\u5e02\u573a\n<ol class=\"wp-block-list\">\n<li>\u6301\u6709\u7531\u9ad8\u6536\u76ca\u503a\u5238\u6784\u6210\u7684\u591a\u6837\u5316\u7a0b\u5ea6\u5f88\u9ad8\u7684\u6295\u8d44\u7ec4\u5408\uff1b<\/li>\n\n\n\n<li>\u5efa\u8bae\u6295\u8d44\u8005\u5bf9\u5783\u573e\u503a\u5238\u201c\u575a\u51b3\u8bf4\u4e0d\u201d\uff1b\u221a<\/li>\n\n\n\n<li>\u4ece\u5386\u53f2\u6570\u636e\u6765\u770b\uff0c\u5783\u573e\u503a\u5238\u63d0\u4f9b\u7684\u603b\u6536\u76ca\u6ea2\u4ef7\uff0c\u8db3\u4ee5\u8865\u507f\u5b9e\u9645\u53d1\u751f\u8fc7\u7684\u8fdd\u7ea6\u98ce\u9669\uff1b<\/li>\n\n\n\n<li>\u91d1\u878d\u538b\u5236\u65f6\u4ee3\uff0c\u4f7f\u7528\u80a1\u7968\u80a1\u5229\u66ff\u4ee3\u7b56\u7565\uff1b<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle8\">\u7ec3\u4e608\uff1a\u8c28\u614e\u9009\u62e9\u9ec4\u91d1\u3001\u6536\u85cf\u54c1\u3001\u5546\u54c1\u671f\u8d27\u5408\u7ea6\u3001\u5bf9\u51b2\u57fa\u91d1\u3001\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u3001\u98ce\u9669\u6295\u8d44\u57fa\u91d1<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u9ec4\u91d1\n<ol class=\"wp-block-list\">\n<li>\u5c11\u91cf\u6301\u6709\u9ec4\u91d1\uff0c\u4f8b\u5982\u5360\u6295\u8d44\u7ec4\u5408\u76845%\uff0c\u6709\u5229\u4e8e\u964d\u4f4e\u6295\u8d44\u7ec4\u5408\u7684\u6574\u4f53\u6ce2\u52a8\u6027\uff1b<\/li>\n\n\n\n<li>\u4f4e\u4ef7\u683c + \u901a\u8d27\u81a8\u80c0\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u94bb\u77f3\uff0c\u6295\u8d44\u7684\u98ce\u9669\u6781\u5927\n<ol class=\"wp-block-list\">\n<li>\u4f63\u91d1\u6210\u672c\u9ad8\uff1b<\/li>\n\n\n\n<li>\u96be\u4ee5\u5224\u65ad\u54c1\u8d28\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u6536\u85cf\u54c1\uff0c\u6295\u8d44\u7684\u98ce\u9669\u6781\u5927\n<ol class=\"wp-block-list\">\n<li>\u8d5d\u54c1\u548c\u4eff\u54c1\u592a\u591a\uff1b<\/li>\n\n\n\n<li>\u7ef4\u62a4\u8d39\u7528\u9ad8\u6602\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u5546\u54c1\u671f\u8d27\u5408\u7ea6\uff0c\u5bf9\u4e8e\u4e2a\u4eba\u6295\u8d44\u8005\u8fc7\u4e8e\u590d\u6742<\/li>\n\n\n\n<li>\u5bf9\u51b2\u57fa\u91d1\u3001\u79c1\u52df\u80a1\u6743\u57fa\u91d1\u548c\u98ce\u9669\u6295\u8d44\u57fa\u91d1\n<ol class=\"wp-block-list\">\n<li>\u7ba1\u7406\u8d39\u548c\u8d85\u989d\u5229\u6da6\u63d0\u6210\u8d39\u8fc7\u9ad8<\/li>\n\n\n\n<li>\u5df4\u83f2\u7279\u8d4c\u7ea6\uff0c\u6807\u51c6\u666e\u5c14500\u6307\u6570\u57fa\u91d1 VS \u5bf9\u51b2\u57fa\u91d1\u6295\u8d44\u7ec4\u5408<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle9\">\u7ec3\u4e609\uff1a\u9009\u62e9\u4f63\u91d1\u6210\u672c\u66f4\u4f4e\u7684<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u7ecf\u7eaa\u5238\u5546\u4f63\u91d1\u8d39\u7387 &lt; \u80a1\u7968\u4ea4\u6613\u6807\u51c6\u4f63\u91d1\u8d39\u7387<\/li>\n\n\n\n<li>\u6298\u6263\u7ecf\u7eaa\u5238\u5546\u4f63\u91d1\u8d39\u7387 &lt; \u5168\u9762\u670d\u52a1\u578b\u4e00\u822c\u5238\u5546\u4f63\u91d1\u8d39\u7387<\/li>\n\n\n\n<li>\u4e0d\u8981\u56e0\u62e5\u91d1\u8d39\u7387\u4f4e\u800c\u9891\u7e41\u64cd\u4f5c<\/li>\n\n\n\n<li>\u56de\u907f\u5305\u7ba1\u8d26\u6237\uff0c\u5e74\u8d39\u53ef\u80fd\u9ad8\u8fbe3%\uff1b<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle10\">\u7ec3\u4e6010\uff1a\u6295\u8d44\u591a\u6837\u5316<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u6295\u8d44\u7c7b\u522b\u591a\u6837\u5316\uff1b<\/li>\n\n\n\n<li>\u5728\u5177\u4f53\u7684\u6295\u8d44\u7c7b\u522b\u4e2d\uff0c\u591a\u6837\u5316\u5177\u4f53\u54c1\u79cd\uff1b<\/li>\n\n\n\n<li>\u884c\u4e3a\u91d1\u878d\u5b66\u542f\u8fea\uff1b<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle11\">\u6700\u540e\uff1a\u4f53\u683c\u68c0\u67e5<\/h3>\n\n\n\n<p>\u7ed3\u8bba<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u63a7\u5236\u81ea\u5df1\u6240\u80fd\u591f\u63a7\u5236\u7684\u56e0\u7d20<\/li>\n\n\n\n<li>\u8981\u5b9e\u73b0\u9ad8\u6536\u76ca\uff0c\u53ea\u6709\u627f\u62c5\u9ad8\u98ce\u9669\uff0c\u751a\u81f3\u8f83\u4f4e\u7684\u6295\u8d44\u6d41\u52a8\u6027<\/li>\n<\/ol>\n\n\n\n<p>\u7ec8\u6781<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u671f\u5f85\u7684\u6536\u76ca\u6c34\u5e73\u8ddf\u9009\u62e9\u7684\u91d1\u878d\u5de5\u5177\u79cd\u7c7b\u6709\u5173<\/li>\n\n\n\n<li>\u80fd\u627f\u62c5\u7684\u98ce\u9669\u6c34\u5e73\u8ddf\u5e74\u9f84\uff0c\u975e\u6295\u8d44\u6027\u6536\u5165\u7684\u6765\u6e90\u548c\u53ef\u9760\u7a0b\u5ea6\u6709\u5173<\/li>\n\n\n\n<li>\u80a1\u7968\u3001\u503a\u5238\u3001\u623f\u5730\u4ea7\u4ee5\u53ca\u77ed\u671f\u6295\u8d44\u7684\u6295\u8d44\u7ec4\u5408\u5360\u6bd4<\/li>\n\n\n\n<li>\u80a1\u5e02\u6295\u8d44\u7b56\u7565<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"blogTitle12\">\u7b2c13\u7ae0 \u7406\u89e3\u3001\u9884\u6d4b\u80a1\u7968\u548c\u503a\u5238\u6536\u76ca<\/h2>\n\n\n\n<p>\u6b63\u786e\u4e86\u89e3\u8fc7\u53bb\u7684\u4eba\u5f80\u5f80\u4e0d\u4f1a\u5bf9\u73b0\u5728\u6301\u6709\u5fe7\u90c1\u6216\u60b2\u89c2\u7684\u770b\u6cd5\u3002<\/p>\n\n\n\n<p>\u2014\u2014\u6258\u9a6c\u65af\u00b7B.\u9ea6\u8003\u5229\uff08Thomas B. Macaulay\uff09\u300a\u82f1\u683c\u5170\u53f2\u300b\uff08History of England\uff09<\/p>\n\n\n\n<p>\u5207\u5408\u5b9e\u9645\u5730\u9884\u6d4b\u957f\u671f\u6536\u76ca\u7387\uff0c\u6295\u8d44\u8ba1\u5212\u5339\u914d\u7406\u8d22\u9700\u8981<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u65e0\u6cd5\u63a7\u5236\u80a1\u7968\u548c\u503a\u5238\u7684\u6ce2\u52a8\uff1b<\/li>\n\n\n\n<li>\u6539\u5584\u6784\u5efa\u6295\u8d44\u7ec4\u5408\u7684\u98ce\u9669\u6536\u76ca\u6bd4\uff1b<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle13\">\u80a1\u7968\u548c\u503a\u5238\u6536\u76ca\u7684\u51b3\u5b9a\u56e0\u7d20<\/h3>\n\n\n\n<p><strong>\u80a1\u7968\u6536\u76ca\u7387<\/strong>\uff1d\u80a1\u5229\u6536\u76ca\u7387\uff0b\u589e\u957f\u7387 + \u4f30\u503c\u53d8\u5316<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u8d2d\u4e70\u65f6\u7684\u80a1\u5229\u6536\u76ca\u7387<\/li>\n\n\n\n<li>\u76c8\u5229\u548c\u80a1\u5229\u7684\u672a\u6765\u589e\u957f\u7387<\/li>\n\n\n\n<li><strong>\u5e02\u76c8\u7387<\/strong>\uff08\u80a1\u4ef7\u5bf9\u76c8\u5229\u7684\u500d\u6570\uff09\/\u80a1\u4ef7\u5bf9\u80a1\u5229\u7684\u500d\u6570\u7684\u4f30\u503c\u53d8\u5316\n<ol class=\"wp-block-list\">\n<li>\u4e0d\u540c\u65f6\u671f\u53d8\u5316\u5927\n<ol class=\"wp-block-list\">\n<li>\u5728\u975e\u5e38\u4e50\u89c2\u7684\u65f6\u671f\uff0c\u59822000\u5e743\u6708\u521d\uff0c\u80a1\u7968\u5e02\u76c8\u7387\u5927\u5927\u8d85\u8fc7\u4e8630\u500d\uff0c\u80a1\u4ef7\u5bf9\u80a1\u5229\u7684\u500d\u6570\u8d85\u8fc7\u4e8680<\/li>\n\n\n\n<li>\u5728\u975e\u5e38\u60b2\u89c2\u7684\u65f6\u671f\uff0c\u59821982\u5e74\uff0c\u80a1\u7968\u5e02\u76c8\u7387\u53ea\u67098\u500d\uff0c\u80a1\u4ef7\u5bf9\u80a1\u5229\u7684\u500d\u6570\u662f17<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u7279\u5b9a\u65f6\u671f\u5f71\u54cd\u5927\n<ol class=\"wp-block-list\">\n<li>1968\uff5e1982\u5e74\uff0c3%\u7684\u80a1\u5229\u6536\u76ca\u7387\uff0c\u76c8\u5229\u548c\u80a1\u5229\u589e\u957f\u7387\u6bcf\u5e74\u4e3a6%\u2014\u2014\u300b\u80a1\u7968\u6536\u76ca\u73875.5%<\/li>\n\n\n\n<li>2000~2010\u5e74\uff0c1.2%\u7684\u80a1\u5229\u6536\u76ca\u7387\uff0c\u76c8\u5229\u548c\u80a1\u5229\u589e\u957f\u7387\u6bcf\u5e74\u4e3a5.8%\u2014\u2014\u300b\u80a1\u7968\u6536\u76ca\u7387-6.5%<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u80a1\u7968\u5e94\u8be5\u662f\u5bf9\u4ed8\u901a\u8d27\u81a8\u80c0\u7684\u9632\u8303\u5de5\u5177\n<ol class=\"wp-block-list\">\n<li>\u6240\u6709\u4e1c\u897f\u7684\u4ef7\u683c\uff0c\u5305\u62ec\u5de5\u5382\u3001\u8bbe\u5907\u3001\u5b58\u8d27\u7684\u4ef7\u503c\u968f\u901a\u8d27\u81a8\u80c0\u800c\u4ef7\u683c\u4e0a\u6da8\uff0c\u7ed3\u679c\u76c8\u5229\u548c\u80a1\u5229\u7684\u589e\u957f\u7387\u4e00\u540c\u4e0a\u5347<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<p><strong>\u503a\u5238\u6536\u76ca\u7387<\/strong>=\u5230\u671f\u6536\u76ca\u7387 + \u4ef7\u683c\u6ce2\u52a8<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5bf9\u4e8e\u672a\u5c06\u503a\u5238\u6301\u6709\u5230\u671f\u7684\u6295\u8d44\u8005\u6765\u8bf4\uff0c<strong>\u5e02\u573a\u5229\u7387<\/strong>\u7684\u53d8\u5316\u5bfc\u81f4\u4ef7\u683c\u7684\u53cd\u5411\u6ce2\u52a8<\/li>\n\n\n\n<li>\u5728\u503a\u5238\u5e02\u573a\uff0c\u901a\u8d27\u81a8\u80c0\u7387\u7684\u4e0a\u5347\u6beb\u65e0\u7591\u95ee\u4f1a\u5e26\u6765\u635f\u5931<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle14\">\u91d1\u878d\u5e02\u573a\u6536\u76ca\u7387\u7684\u4e0d\u540c\u65f6\u4ee3<\/h3>\n\n\n\n<p>\u7f8e\u56fd\u80a1\u7968\u548c\u503a\u5238\u7684\u5e74\u5747\u6536\u76ca\u7387<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u8d44\u4ea7\u7c7b\u522b<\/th><th>1947-01~1968-12<\/th><th>1969-01~1981-12<\/th><th>1982-01~2000-03<\/th><th>2000-04~2009-03<\/th><th>2009-04~2018-04<\/th><\/tr><\/thead><tbody><tr><td>\u6807\u51c6\u6807\u666e500\u6307\u6570<\/td><td>14.0%<\/td><td>5.6%<\/td><td>18.3%<\/td><td>-6.5%<\/td><td>17.5%<\/td><\/tr><tr><td>\u4f18\u8d28\u957f\u671f\u516c\u53f8\u503a\u5238<\/td><td>1.8%<\/td><td>3.8%<\/td><td>13.6%<\/td><td>6.4%<\/td><td>3.8%<\/td><\/tr><tr><td>\u5e74\u5747\u901a\u8d27\u81a8\u80c0\u7387<\/td><td>2.3%<\/td><td>7.8%<\/td><td>3.3%<\/td><td>2.4%<\/td><td>1.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u8212\u9002\u5b89\u9038\u7684\u65f6\u4ee31947-011968-12\">\u8212\u9002\u5b89\u9038\u7684\u65f6\u4ee3(1947-01~1968-12)<\/h4>\n\n\n\n<p>\u4f60\u5931\u53bb\u5de5\u4f5c\u7684\u65f6\u5019\u662f\u8870\u9000\uff0c\u6211\u5931\u53bb\u5de5\u4f5c\u7684\u65f6\u5019\u624d\u53eb\u8427\u6761\u3002<\/p>\n\n\n\n<p>\u2014\u2014\u54c8\u91cc\u00b7\u675c\u9c81\u95e8\u603b\u7edf<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u80a1\u7968<\/th><th>1947-01~1968-12<\/th><\/tr><\/thead><tbody><tr><td>\u521d\u59cb\u80a1\u5229\u6536\u76ca\u7387<\/td><td>5.0%<\/td><\/tr><tr><td>\u76c8\u5229\u589e\u957f\u7387<\/td><td>6.6%<\/td><\/tr><tr><td>\u5e02\u76c8\u7387\u589e\u957f<\/td><td>2.4%<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>14.0%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u901a\u8d27\u81a8\u80c0\u7387<\/strong><\/td><td>2.3%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u503a\u5238<\/strong><\/td><td><\/td><\/tr><tr><td>\u521d\u59cb\u6536\u76ca\u7387<\/td><td>2.7%<\/td><\/tr><tr><td>\u5229\u7387\u4e0a\u5347\u9020\u6210\u7684\u5f71\u54cd<\/td><td>-0.9%<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>1.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>1947-01~1968-12\uff0c\u503a\u5238\u7684\u6536\u76ca\u7387\u8fdc\u4f4e\u4e8e\u80a1\u7968<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u4e8c\u6218\u671f\u95f4\uff0c\u7f8e\u56fd\u5c06\u957f\u671f\u653f\u5e9c\u503a\u5238\u7684\u5229\u7387\u56fa\u5b9a\u5728\u4e0d\u8d85\u8fc72.5%\u7684\u6c34\u5e73\uff1b<\/li>\n\n\n\n<li>\u6218\u4e89\u7ed3\u675f\u4e4b\u540e\u76841951\u5e74\uff0c\u5229\u7387\u5141\u8bb8\u4e0a\u6d6e\uff0c\u906d\u53d7\u8d44\u672c\u635f\u5931\uff1b<\/li>\n\n\n\n<li>\u503a\u5238\u5e74\u5747\u6536\u76ca\u7387&lt;\u5e74\u5747\u901a\u8d27\u81a8\u80c0\u7387\uff0c\u5b9e\u9645\u6536\u76ca\u7387\u4e3a\u8d1f\u6570\uff1b<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u7126\u8651\u4e0d\u5b89\u7684\u65f6\u4ee31969-011981-12\">\u7126\u8651\u4e0d\u5b89\u7684\u65f6\u4ee3(1969-01~1981-12)<\/h4>\n\n\n\n<p>\u52301981\u5e74\u5e74\u5e95\u65f6\uff0c\u7f8e\u56fd\u7ecf\u6d4e\u4e0d\u4f46\u9971\u53d7<strong>\u4e24\u4f4d\u6570\u7684\u901a\u8d27\u81a8\u80c0\u7387<\/strong>\u4e4b\u82e6\uff0c\u800c\u4e14\u8fd8\u8981\u5fcd\u53d7<strong>\u4e24\u4f4d\u6570\u7684\u5931\u4e1a\u7387<\/strong>\u7684\u714e\u71ac\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u7f8e\u56fd\u8d8a\u5357\u6218\u4e89<\/li>\n\n\n\n<li>\u77f3\u6cb9\u548c\u7cae\u98df\u4ef7\u683c\u4e0a\u6da8<\/li>\n\n\n\n<li>\u9519\u8bef\u7684\u653f\u7b56<\/li>\n\n\n\n<li>\u6781\u7aef\u7d27\u7f29\u7684\u8d27\u5e01\u653f\u7b56<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u80a1\u7968<\/th><th>1969-01~1981-12<\/th><\/tr><\/thead><tbody><tr><td>\u521d\u59cb\u80a1\u5229\u6536\u76ca\u7387<\/td><td>3.1%<\/td><\/tr><tr><td>\u76c8\u5229\u589e\u957f\u7387<\/td><td>8.0%<\/td><\/tr><tr><td>\u5e02\u76c8\u7387\u589e\u957f<\/td><td>-5.5%<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>5.6%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u901a\u8d27\u81a8\u80c0\u7387<\/strong><\/td><td>7.8%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u503a\u5238<\/strong><\/td><td><\/td><\/tr><tr><td>\u521d\u59cb\u6536\u76ca\u7387<\/td><td>5.9%<\/td><\/tr><tr><td>\u5229\u7387\u4e0a\u5347\u9020\u6210\u7684\u5f71\u54cd<\/td><td>-2.1%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>1969-01~1981-12\uff0c\u503a\u5238\u548c\u80a1\u7968\u7684\u6536\u76ca\u7387\u90fd\u8fdc\u4f4e\u4e8e\u901a\u8d27\u81a8\u80c0\u7387<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>1969\uff5e1981\u5e74\uff0c\u6807\u51c6\u666e\u5c14\u6307\u6570\u7684\u5e02\u76c8\u7387\u51e0\u4e4e\u4e0b\u964d\u4e862\/3\uff1b<\/li>\n\n\n\n<li>\u80a1\u6743\u8bc1\u5238\u88ab\u8ba4\u4e3a\u66f4\u5177\u98ce\u9669\uff0c\u8981\u6c42\u83b7\u5f97\u98ce\u9669\u8865\u507f\u75311%~2%\u63d0\u9ad8\u81f34%~6%\uff1b<\/li>\n\n\n\n<li>\u5982\u679c\u4f60\u60f3\u5bf9\u67d0\u4e2a10\u5e74\u5185\u7684\u6536\u76ca\u7387\u53d8\u5316\u60c5\u51b5\u505a\u51fa\u89e3\u91ca\uff0c\u90a3\u4e48<strong>\u4f30\u503c\u5173\u7cfb\u7684\u53d8\u5316<\/strong>\u4f1a\u8d77\u5230\u4e00\u4e2a\u81f3\u5173\u91cd\u8981\u7684\u4f5c\u7528\uff1b<\/li>\n\n\n\n<li><strong>\u9ec4\u91d1<\/strong>\u3001\u6536\u85cf\u54c1\u548c\u623f\u5730\u4ea7\u4e4b\u7c7b\u7684\u5b9e\u7269\u8d44\u4ea7\uff0c\u63d0\u4f9b\u4e86\u975e\u5e38\u4e30\u539a\u7684\u4e24\u4f4d\u6570\u7684\u6536\u76ca\u7387\uff1b<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u7cbe\u795e\u7115\u53d1\u7684\u65f6\u4ee31982-012000-03\">\u7cbe\u795e\u7115\u53d1\u7684\u65f6\u4ee3(1982-01~2000-03)<\/h4>\n\n\n\n<p>\u80a1\u7968\u548c\u503a\u5238\u7684\u5b9a\u4ef7\u8fc7\u5ea6\u8c03\u6574\uff0c\u5bf9\u53ef\u80fd\u51fa\u73b0\u7684\u901a\u8d27\u81a8\u80c0\u7387\u63d0\u4f9b\u4e86\u5145\u8db3\u7684\u4fdd\u62a4\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u4f18\u8d28\u516c\u53f8\u503a\u5238\u7684\u5230\u671f\u6536\u76ca\u7387\u572813%\u5de6\u53f3\uff0c\u800c\u57fa\u7840\u901a\u8d27\u81a8\u80c0\u7387\uff08\u6309\u5355\u4f4d\u52b3\u52a8\u529b\u6210\u672c\u589e\u957f\u7387\u6765\u8861\u91cf\uff09\u5927\u7ea6\u4e3a8%\uff0c\u56e0\u6b64\uff0c\u516c\u53f8\u503a\u5238\u63d0\u4f9b\u4e86\u7ea6\u4e3a5%\u7684\u9884\u671f\u5b9e\u9645\u6536\u76ca\u7387\uff1b<\/li>\n\n\n\n<li>\u80a1\u7968\u603b\u4f53\u9884\u671f\u6536\u76ca\u7387\u572813%\u4ee5\u4e0a\uff0c\u5e02\u76c8\u7387\u4e5f\u4f4e\u4e8e\u5e73\u5747\u6c34\u5e73\uff1b<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u80a1\u7968<\/th><th>1982-01~2000-03<\/th><\/tr><\/thead><tbody><tr><td>\u521d\u59cb\u80a1\u5229\u6536\u76ca\u7387<\/td><td>5.8%<\/td><\/tr><tr><td>\u76c8\u5229\u589e\u957f\u7387<\/td><td>6.8%<\/td><\/tr><tr><td>\u5e02\u76c8\u7387\u589e\u957f<\/td><td>5.7%<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>18.3%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u901a\u8d27\u81a8\u80c0\u7387<\/strong><\/td><td>3.3%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u503a\u5238<\/strong><\/td><td><\/td><\/tr><tr><td>\u521d\u59cb\u6536\u76ca\u7387<\/td><td>13.0%<\/td><\/tr><tr><td>\u5229\u7387\u4e0a\u5347\u9020\u6210\u7684\u5f71\u54cd<\/td><td>0.6%<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>13.6%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u80a1\u7968\u548c\u503a\u5238\u7684\u5b9e\u9645\u6536\u76ca\u7387\u9ad8\u8fbe\u4e24\u4f4d\u6570<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u521d\u59cb\u80a1\u5229\u6536\u76ca\u73875.8%<\/li>\n\n\n\n<li>\u5e02\u573a\u5e02\u76c8\u7387\u4ece8\u500d\u4e0a\u5347\u523030\u500d<\/li>\n\n\n\n<li>\u503a\u5238\u5e02\u573a13%\u7684\u521d\u59cb\u6536\u76ca\u7387<\/li>\n\n\n\n<li>\u8bf8\u5982\u9ec4\u91d1\u548c\u77f3\u6cb9\u4e4b\u7c7b\u7684\u5b9e\u7269\u8d44\u4ea7\u5219\u4ea7\u751f\u4e86\u8d1f\u7684\u6536\u76ca\u7387<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u611f\u5230\u5e7b\u706d\u7684\u65f6\u4ee32000-042009-03\">\u611f\u5230\u5e7b\u706d\u7684\u65f6\u4ee3(2000-04~2009-03)<\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u7f51\u7edc\u80a1\u6ce1\u6cab\u7206\u88c2<\/li>\n\n\n\n<li>\u623f\u5730\u4ea7\u4ef7\u683c\u7684\u6025\u5267\u4e0b\u8dcc<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u80a1\u7968<\/th><th>1982-01~2000-03<\/th><\/tr><\/thead><tbody><tr><td>\u521d\u59cb\u80a1\u5229\u6536\u76ca\u7387<\/td><td>1.2%<\/td><\/tr><tr><td>\u76c8\u5229\u589e\u957f\u7387<\/td><td>5.8%<\/td><\/tr><tr><td>\u5e02\u76c8\u7387\u589e\u957f<\/td><td>-13.5%<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>-6.5%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u901a\u8d27\u81a8\u80c0\u7387<\/strong><\/td><td>2.4%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u503a\u5238<\/strong><\/td><td><\/td><\/tr><tr><td>\u521d\u59cb\u6536\u76ca\u7387<\/td><td>7.0%<\/td><\/tr><tr><td>\u5229\u7387\u4e0a\u5347\u9020\u6210\u7684\u5f71\u54cd<\/td><td>-0.6%<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>6.4%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u503a\u5238\u4ea7\u751f\u4e86\u6b63\u7684\u6536\u76ca\u7387\u3002<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"20092018\u5e74\u7684\u5e02\u573a\">2009\uff5e2018\u5e74\u7684\u5e02\u573a<\/h4>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u80a1\u7968<\/th><th>1982-01~2000-03<\/th><\/tr><\/thead><tbody><tr><td>\u521d\u59cb\u80a1\u5229\u6536\u76ca\u7387<\/td><td>3%<\/td><\/tr><tr><td>\u76c8\u5229\u589e\u957f\u7387<\/td><td>&#8211;<\/td><\/tr><tr><td>\u5e02\u76c8\u7387\u589e\u957f<\/td><td>&#8211;<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>17.5%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u901a\u8d27\u81a8\u80c0\u7387<\/strong><\/td><td>1.8%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u503a\u5238<\/strong><\/td><td><\/td><\/tr><tr><td>\u521d\u59cb\u6536\u76ca\u7387<\/td><td>3%<\/td><\/tr><tr><td>\u5229\u7387\u4e0a\u5347\u9020\u6210\u7684\u5f71\u54cd<\/td><td>0.8%<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>3.8%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u52302009\u5e74\u5e02\u573a\u4f4e\u8c37\u671f\uff0c<strong>\u6807\u51c6\u666e\u5c14500\u6307\u6570\u7684\u5e02\u76c8\u7387\u5df2\u964d\u81f3\u4e0d\u8db3\u5468\u671f\u6027\u8870\u9000\u76c8\u5229\u768415\u500d<\/strong>\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle15\">\u672a\u6765\u6536\u76ca\u7684\u969c\u788d<\/h3>\n\n\n\n<p>2018\u5e74\u7684\u5e02\u76c8\u7387\u4e3a18\uff5e19\u500d\uff0c\u6bd4\u5386\u53f2\u957f\u671f\u5e73\u5747\u503c\u9ad8\u3002\u800c\u4e0d\u8db31.9%\u7684\u80a1\u5229\u6536\u76ca\u7387\u6bd44.5%\u7684\u5386\u53f2\u5e73\u5747\u503c\u4f4e\u5f97\u591a\u3002<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u80a1\u7968<\/th><th>\u672a\u6765\u957f\u671f<\/th><\/tr><\/thead><tbody><tr><td>\u521d\u59cb\u80a1\u5229\u6536\u76ca\u7387<\/td><td>1.9%<\/td><\/tr><tr><td>\u76c8\u5229\u589e\u957f\u7387<\/td><td>\u957f\u671f5%<\/td><\/tr><tr><td>\u5e02\u76c8\u7387\u589e\u957f<\/td><td>\u4e0d\u53d8<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>7%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u901a\u8d27\u81a8\u80c0\u7387<\/strong><\/td><td>\u5047\u8bbe\u5ef6\u7eed1.8%<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td><strong>\u503a\u5238<\/strong><\/td><td><\/td><\/tr><tr><td>\u521d\u59cb\u6536\u76ca\u7387<\/td><td>4.5%<\/td><\/tr><tr><td>\u5229\u7387\u4e0a\u5347\u9020\u6210\u7684\u5f71\u54cd<\/td><td>&#8211;<\/td><\/tr><tr><td>\u5e74\u5747\u6536\u76ca\u7387<\/td><td>&#8211;<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u80a1\u7968\u5e02\u573a\u4e0a\u6709\u4e00\u4e2a\u5177\u6709\u9884\u671f\u4f5c\u7528\u7684\u6a21\u5f0f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u5728\u5e02\u573a\u6574\u4f53\u5e02\u76c8\u7387\u8f83\u4f4e\u65f6\uff0c\u4e70\u5165\u80a1\u7968\u7684\u603b\u6536\u76ca\u7387\u4f1a\u8f83\u9ad8\uff1b<\/li>\n\n\n\n<li>\u5728\u8ba1\u7b97\u5e02\u573a\u6574\u4f53\u5e02\u76c8\u7387\u500d\u6570\u65f6\uff0c\u5e76\u4e0d\u4f7f\u7528\u5b9e\u9645\u7684\u6bcf\u80a1\u6536\u76ca\uff0c\u800c\u662f\u4f7f\u7528\u6839\u636e\u7ecf\u6d4e\u5468\u671f\u8fdb\u884c\u8c03\u6574\u7684\u76c8\u5229\u6570\u503c\u2014\u2014<strong>\u5468\u671f\u8c03\u6574\u5e02\u76c8\u7387<\/strong>\uff08CAPE\uff09\uff1b<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><div class='fancybox-wrapper lazyload-container-unload' data-fancybox='post-images' href='https:\/\/gitee.com\/jerryqiang\/images\/raw\/master\/%E6%BC%AB%E6%AD%A5%E5%8D%8E%E5%B0%94%E8%A1%97%EF%BC%88%E7%AC%AC12%E7%89%88%EF%BC%89-%E8%AF%BB%E4%B9%A6%E7%AC%94%E8%AE%B0\/imgs\/stock_market_expectation_patterns.png'><img class=\"lazyload lazyload-style-1\" src=\"data:image\/svg+xml;base64,PCEtLUFyZ29uTG9hZGluZy0tPgo8c3ZnIHdpZHRoPSIxIiBoZWlnaHQ9IjEiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgc3Ryb2tlPSIjZmZmZmZmMDAiPjxnPjwvZz4KPC9zdmc+\"  decoding=\"async\" data-original=\"https:\/\/gitee.com\/jerryqiang\/images\/raw\/master\/%E6%BC%AB%E6%AD%A5%E5%8D%8E%E5%B0%94%E8%A1%97%EF%BC%88%E7%AC%AC12%E7%89%88%EF%BC%89-%E8%AF%BB%E4%B9%A6%E7%AC%94%E8%AE%B0\/imgs\/stock_market_expectation_patterns.png\" src=\"data:image\/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAYAAAAfFcSJAAAAAXNSR0IArs4c6QAAAARnQU1BAACxjwv8YQUAAAAJcEhZcwAADsQAAA7EAZUrDhsAAAANSURBVBhXYzh8+PB\/AAffA0nNPuCLAAAAAElFTkSuQmCC\" alt=\"\u7f8e\u56fd\u521d\u59cb\u5e02\u76c8\u7387\u53ca\u672a\u676510\u5e74\u6536\u76ca\u7387\"\/><\/div><\/figure>\n\n\n\n<p>\u4e0d\u8981\u6234\u7740\u201c\u540e\u89c6\u955c\u201d\u6765\u6295\u8d44\uff0c\u4e0d\u8981\u6309\u7167\u8fc7\u53bb\u7684\u6536\u76ca\u7387\u7b80\u5355\u5730\u9884\u6d4b\u672a\u6765\u3002<br><a><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"blogTitle16\">\u7b2c14\u7ae0 \u751f\u547d\u5468\u671f\u6295\u8d44\u6307\u5357<\/h2>\n\n\n\n<p>\u4eba\u8fd9\u4e00\u751f\u6709\u4e24\u79cd\u65f6\u5019\u4e0d\u5e94\u8be5\u6295\u673a\uff0c\u4e00\u79cd\u662f\u627f\u62c5\u4e0d\u8d77\u7684\u65f6\u5019\uff0c\u4e00\u79cd\u662f\u627f\u62c5\u5f97\u8d77\u7684\u65f6\u5019\u3002<\/p>\n\n\n\n<p>\u2014\u2014\u9a6c\u514b\u00b7\u5410\u6e29\u300a\u8d64\u9053\u73af\u6e38\u8bb0\u300b\uff08Following the Equator\uff09<\/p>\n\n\n\n<p>\u6839\u636e\u4e2a\u4eba\u7684\u751f\u547d\u9636\u6bb5\u5236\u5b9a\u4e0d\u540c\u7684\u6295\u8d44\u7b56\u7565\uff1b<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u533a\u5206\u9762\u5bf9\u98ce\u9669\u7684\u6001\u5ea6\u548c\u627f\u53d7\u98ce\u9669\u7684\u80fd\u529b\uff1b<\/li>\n<\/ol>\n\n\n\n<p>\u6700\u4e3a\u91cd\u8981\u7684\u6295\u8d44\u51b3\u7b56\u662f\u5982\u4f55\u5e73\u8861\u8d44\u4ea7\u7c7b\u522b\uff1b<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u786e\u5b9a\u80a1\u7968\u3001\u503a\u5238\u3001\u623f\u5730\u4ea7\u7b49\u8d44\u4ea7\u7c7b\u522b\u5728\u6295\u8d44\u7ec4\u5408\u4e2d\u7684\u6743\u91cd<\/li>\n\n\n\n<li>\u5728\u6295\u8d44\u8005\u83b7\u5f97\u7684\u603b\u6536\u76ca\u4e2d\uff0c\u6709<strong>90%<\/strong>\u4ee5\u4e0a\u7684\u6536\u76ca\u53d6\u51b3\u4e8e\u9009\u62e9\u4ec0\u4e48\u6837\u7684<strong>\u8d44\u4ea7\u7c7b\u522b<\/strong>\uff0c\u4ee5\u53ca\u8fd9\u4e9b\u8d44\u4ea7\u7c7b\u522b\u5728\u6295\u8d44\u7ec4\u5408\u4e2d\u6240\u5360\u7684\u6bd4\u4f8b\uff1b<\/li>\n\n\n\n<li>\u7531\u6295\u8d44\u8005\u9009\u62e9\u54ea\u4e9b<strong>\u5177\u4f53\u80a1\u7968\u6216\u5171\u540c\u57fa\u91d1<\/strong>\u6240\u51b3\u5b9a\u7684\u6295\u8d44\u6536\u76ca\uff0c\u4e0d\u5230\u603b\u6536\u76ca\u7684<strong>10%<\/strong>\uff1b<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle17\">\u8d44\u4ea7\u914d\u7f6e\u7684\u4e94\u9879\u539f\u5219<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u98ce\u9669\u4e0e\u6536\u76ca\u76f8\u5173<\/li>\n\n\n\n<li>\u6295\u8d44\u80a1\u7968\u548c\u503a\u5238\u7684\u5b9e\u9645\u98ce\u9669\u53d6\u51b3\u4e8e\u6301\u6709\u671f\u9650<\/li>\n\n\n\n<li>\u5b9a\u671f\u7b49\u989d\u5e73\u5747\u6210\u672c\u6295\u8d44\u6cd5\u53ef\u4ee5\u964d\u4f4e\u6295\u8d44\u98ce\u9669<\/li>\n\n\n\n<li>\u91cd\u65b0\u8c03\u6574\u8d44\u4ea7\u7c7b\u522b\u6743\u91cd\u53ef\u4ee5\u964d\u4f4e\u98ce\u9669\uff0c\u63d0\u9ad8\u6295\u8d44\u6536\u76ca<\/li>\n\n\n\n<li>\u533a\u5206\u9762\u5bf9\u98ce\u9669\u7684\u6001\u5ea6\u548c\u627f\u62c5\u98ce\u9669\u7684\u80fd\u529b<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u98ce\u9669\u4e0e\u6536\u76ca\u76f8\u5173\">\u98ce\u9669\u4e0e\u6536\u76ca\u76f8\u5173<\/h4>\n\n\n\n<p>\u8981\u60f3\u589e\u52a0\u6295\u8d44\u6536\u76ca\uff0c\u53ea\u80fd\u901a\u8fc7\u627f\u62c5\u66f4\u5927\u7684\u98ce\u9669\u6765\u5b9e\u73b0\u3002<\/p>\n\n\n\n<p>1926\uff5e2017\u5e74\u57fa\u672c\u8d44\u4ea7\u7c7b\u522b\u5e74\u5747\u603b\u6536\u76ca<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u8d44\u4ea7\u7c7b\u522b<\/th><th>\u5e74\u5747\u6536\u76ca\u7387<\/th><th>\u98ce\u9669\u6307\u6570\uff08\u6536\u76ca\u7387\u5e74\u6ce2\u52a8\u7387\uff09<\/th><\/tr><\/thead><tbody><tr><td>\u5c0f\u578b\u516c\u53f8\u80a1\u7968<\/td><td>12.1%<\/td><td>31.7%<\/td><\/tr><tr><td>\u5927\u578b\u516c\u53f8\u80a1\u7968<\/td><td>10.2%<\/td><td>19.8%<\/td><\/tr><tr><td>\u957f\u671f\u653f\u5e9c\u503a\u5238<\/td><td>5.5%<\/td><td>9.9%<\/td><\/tr><tr><td>\u7f8e\u56fd\u77ed\u671f\u56fd\u503a<\/td><td>3.4%<\/td><td>3.1%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u6295\u8d44\u80a1\u7968\u548c\u503a\u5238\u7684\u5b9e\u9645\u98ce\u9669\u53d6\u51b3\u4e8e\u6301\u6709\u671f\u9650\">\u6295\u8d44\u80a1\u7968\u548c\u503a\u5238\u7684\u5b9e\u9645\u98ce\u9669\u53d6\u51b3\u4e8e\u6301\u6709\u671f\u9650<\/h4>\n\n\n\n<p>\u98ce\u9669\u4e0e\u6301\u6709\u671f\u9650<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u503a\u5238\n<ol class=\"wp-block-list\">\n<li>\u57281926\uff5e2017\u957f\u8fbe90\u5e74\u7684\u65f6\u95f4\u91cc\uff0c\u957f\u671f\u653f\u5e9c\u503a\u5238\u63d0\u4f9b\u4e86\u5e73\u5747\u4e3a5.5%\u7684\u5e74\u6536\u76ca\u7387\u3002<\/li>\n\n\n\n<li>\u5982\u679c\u4f60<strong>\u4e00\u5e74\u540e<\/strong>\u53d1\u73b0\u4e0d\u5f97\u4e0d\u5356\u51fa\u503a\u5238\uff0c\u90a3\u4e48\u4f60\u83b7\u5f97\u7684\u6536\u76ca\u7387\u53ef\u80fd\u662f20%\uff0c\u4e5f\u53ef\u80fd\u662f<strong>0<\/strong>\uff0c\u751a\u81f3\u4f60\u4e0d\u8d70\u8fd0\uff0c\u5982\u679c\u5e02\u573a\u5229\u7387\u5927\u5e45\u4e0a\u5347\uff0c\u73b0\u6709\u503a\u5238\u7684\u4ef7\u683c\u4e0b\u8dcc\u4ee5\u9002\u5e94\u65b0\u7684\u66f4\u9ad8\u5e02\u573a\u5229\u7387\uff0c\u4f60\u4fbf\u53ef\u80fd\u906d\u53d7\u5f88\u5927\u7684<strong>\u8d44\u672c\u635f\u5931<\/strong>\u3002<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u80a1\u7968\n<ol class=\"wp-block-list\">\n<li>\u57281926\uff5e2017\u957f\u8fbe90\u5e74\u7684\u65f6\u95f4\u91cc\uff0c\u6807\u51c6\u666e\u5c14500\u80a1\u7968\u6307\u6570\u63d0\u4f9b\u4e86\u5e73\u5747\u4e3a9.9%\u7684\u5e74\u6536\u76ca\u7387\u3002<\/li>\n\n\n\n<li>\u4e00\u5e74\u5f53\u4e2d\uff0c\u4e00\u4e2a\u6b63\u5e38\u7684\u80a1\u7968\u7ec4\u5408\u5e26\u6765\u7684\u6536\u76ca\u7387\u53ef\u80fd\u8d85\u8fc752%\uff0c\u800c\u5728\u53e6\u4e00\u5e74\uff0c\u8fd9\u4e2a\u7ec4\u5408\u7684\u4e8f\u635f\u7387\u53ef\u80fd\u8fbe\u523037%\u3002<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/gitee.com\/jerryqiang\/images\/raw\/master\/%E6%BC%AB%E6%AD%A5%E5%8D%8E%E5%B0%94%E8%A1%97%EF%BC%88%E7%AC%AC12%E7%89%88%EF%BC%89-%E8%AF%BB%E4%B9%A6%E7%AC%94%E8%AE%B0\/imgs\/stock_annual_return_range.png\" alt=\"\u80a1\u7968\u5e74\u6536\u76ca\u7387\u8303\u56f4\"><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5982\u679c\u4f60\u624b\u4e0a\u7684\u8d44\u91d1\u53ea\u80fd\u6295\u8d441\u5e74\uff0c\u6700\u597d\u9009\u62e9<strong>1\u5e74\u671f\u7f8e\u56fd\u56fd\u503a<\/strong>\u6216<strong>1\u5e74\u671f\u94f6\u884c\u5b9a\u671f\u5b58\u5355<\/strong>\uff1b<\/li>\n\n\n\n<li>\u6301\u6709\u6295\u8d44\u7684\u65f6\u6bb5\u8d8a\u957f\uff0c\u80a1\u7968\u5728\u4f60\u7684\u6295\u8d44\u7ec4\u5408\u4e2d\u5360\u6709\u7684\u4efd\u989d\u5e94\u5f53\u8d8a\u9ad8\n<ol class=\"wp-block-list\">\n<li><strong>\u5ef6\u957f\u6301\u6709\u671f\u53ef\u4ee5\u964d\u4f4e\u98ce\u9669<\/strong>\uff0c\u5efa\u7acb\u5728<strong>\u5747\u503c\u56de\u5f52\u73b0\u8c61<\/strong>\u7684\u57fa\u7840\u4e0a\u3002<\/li>\n\n\n\n<li>\u5728\u8fc7\u53bb\u768467\u5e74\u5185\uff0c\u80a1\u7968\u6295\u8d44\u4ea7\u751f\u4e8610%\u4ee5\u4e0a\u7684\u5e73\u5747\u6536\u76ca\u7387\u3002\u5047\u8bbe\u5728\u6700\u7cdf\u7cd5\u768425\u5e74\u65f6\u6bb5\u5185\u8fdb\u884c\u6295\u8d44\uff0c\u9884\u671f\u957f\u671f\u6536\u76ca\u7387\u4e5f\u67095.9%\uff0c\u9ad8\u4e8e\u503a\u5238\u957f\u671f\u6536\u76ca\u73875.5%\uff1b<\/li>\n\n\n\n<li>\u5e74\u9f84\u8f83\u5c0f\u7684\u4eba\u76f8\u6bd4\u4e8e\u5e74\u9f84\u8f83\u5927\u7684\u4eba\uff0c\u5e94\u8be5\u5728\u6295\u8d44\u7ec4\u5408\u4e2d\u6301\u6709\u66f4\u5927\u6bd4\u4f8b\u7684\u80a1\u7968\u3002<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<p>\u80a1\u7968\u6218\u80dc\u503a\u5238\u7684\u6982\u7387\uff08\u81ea1802\u5e74\u4ee5\u6765\u80a1\u7968\u6536\u76ca\u8d85\u8fc7\u503a\u5238\u6536\u76ca\u7684\u65f6\u6bb5\u767e\u5206\u6bd4\uff09<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u6295\u8d44\u65f6\u6bb5<\/th><th>\u80a1\u7968\u8868\u73b0\u4f18\u4e8e\u503a\u5238\u7684\u65f6\u6bb5\u767e\u5206\u6bd4\uff08%\uff09<\/th><\/tr><\/thead><tbody><tr><td>1\u5e74\u671f<\/td><td>60.2%<\/td><\/tr><tr><td>2\u5e74\u671f<\/td><td>64.7%<\/td><\/tr><tr><td>5\u5e74\u671f<\/td><td>69.5%<\/td><\/tr><tr><td><strong>10\u5e74\u671f<\/strong><\/td><td><strong>79.7%<\/strong><\/td><\/tr><tr><td>20\u5e74\u671f<\/td><td>91.3%<\/td><\/tr><tr><td>30\u5e74\u671f<\/td><td>99.4%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u5b9a\u671f\u7b49\u989d\u5e73\u5747\u6210\u672c\u6295\u8d44\u6cd5\u53ef\u4ee5\u964d\u4f4e\u6295\u8d44\u98ce\u9669\">\u5b9a\u671f\u7b49\u989d\u5e73\u5747\u6210\u672c\u6295\u8d44\u6cd5\u53ef\u4ee5\u964d\u4f4e\u6295\u8d44\u98ce\u9669<\/h4>\n\n\n\n<p>\u5b9a\u671f\u7b49\u989d\u5e73\u5747\u6210\u672c\u6295\u8d44\u6cd5\uff1a\u957f\u671f\u91cc\u6309\u76f8\u540c\u7684\u95f4\u9694\u671f\uff0c\u6bd4\u5982\u6bcf\u4e2a\u6708\u6216\u6bcf\u4e2a\u5b63\u5ea6\uff0c\u5c06\u56fa\u5b9a\u91d1\u989d\u7684\u8d44\u91d1\u7528\u4e8e\u6295\u8d44\uff0c\u9632\u6b62\u5728\u4ef7\u683c\u6682\u65f6\u8fc7\u9ad8\u65f6\u4e70\u5165\u6574\u4e2a\u6295\u8d44\u7ec4\u5408\u3002<img decoding=\"async\" src=\"https:\/\/gitee.com\/jerryqiang\/images\/raw\/master\/%E6%BC%AB%E6%AD%A5%E5%8D%8E%E5%B0%94%E8%A1%97%EF%BC%88%E7%AC%AC12%E7%89%88%EF%BC%89-%E8%AF%BB%E4%B9%A6%E7%AC%94%E8%AE%B0\/imgs\/example_of_periodic_equal_cost_averaging_investment_method.png\" alt=\"\u5b9a\u671f\u7b49\u989d\u5e73\u5747\u6210\u672c\u6295\u8d44\u6cd5\u793a\u4f8b\"><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u53ea\u6709\u90a3\u4e9b\u51c6\u5907\u8fd1\u671f\u5356\u51fa\u6295\u8d44\u7ec4\u5408\u7684\u4eba\uff0c\u770b\u5230\u80a1\u4ef7\u4e0a\u6da8\uff0c\u624d\u5e94\u8be5\u9ad8\u5174\uff1b<\/li>\n\n\n\n<li>\u672a\u6765\u53ef\u80fd\u4e70\u5165\u6295\u8d44\u7ec4\u5408\u7684\u4eba\uff0c\u5e94\u8be5\u975e\u5e38\u559c\u6b22\u80a1\u4ef7\u4e0b\u8dcc\u624d\u5bf9\uff1b<\/li>\n\n\n\n<li>\u5b9a\u671f\u7b49\u989d\u5e73\u5747\u6210\u672c\u6295\u8d44\u6cd5\u65e0\u6cd5\u6d88\u9664\u6295\u8d44\u98ce\u9669\n<ol class=\"wp-block-list\">\n<li>\u4e5f\u4f1a\u9762\u4e34\u5e02\u503c\u66b4\u8dcc\uff0c\u4f46\u8981\u575a\u6301\u7528\u73b0\u91d1\u5b9a\u671f\u6295\u8d44\uff1b<\/li>\n\n\n\n<li>\u5e02\u573a\u66b4\u8dcc\u662f\u4e70\u5165\u7684\u597d\u65f6\u673a\uff0c\u901a\u8fc7\u6295\u8d44\u4e8e\u8d27\u5e01\u57fa\u91d1\uff0c\u4fdd\u7559\u4e00\u5c0f\u7b14\u50a8\u5907\u8d44\u91d1\uff1b<\/li>\n\n\n\n<li><strong>\u667a\u80fd\u5b9a\u6295<\/strong>\uff0c\u6839\u636e\u5386\u53f2\u5e02\u76c8\u7387\/\u4ef7\u683c\u6da8\u8dcc\u5e45\u5ea6\u8c03\u6574\u5b9a\u6295\u91d1\u989d\uff1b<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u91cd\u65b0\u8c03\u6574\u8d44\u4ea7\u7c7b\u522b\u6743\u91cd\u53ef\u4ee5\u964d\u4f4e\u98ce\u9669\u63d0\u9ad8\u6295\u8d44\u6536\u76ca\">\u91cd\u65b0\u8c03\u6574\u8d44\u4ea7\u7c7b\u522b\u6743\u91cd\u53ef\u4ee5\u964d\u4f4e\u98ce\u9669\uff0c\u63d0\u9ad8\u6295\u8d44\u6536\u76ca<\/h4>\n\n\n\n<p>\u5bf9\u5df2\u6295\u8d44\u4e8e\u4e0d\u540c\u8d44\u4ea7\u7c7b\u522b\u8d44\u4ea7\u7684\u6bd4\u4f8b\u52a0\u4ee5\u8c03\u6574\uff0c\u4f7f\u4e4b\u91cd\u65b0\u8fbe\u5230\u4e0e\u5e74\u9f84\u4ee5\u53ca\u5bf9\u98ce\u9669\u7684\u6001\u5ea6\u548c\u627f\u53d7\u80fd\u529b\u76f8\u9002\u5e94\u7684\u6bd4\u4f8b\u3002<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5047\u8bbe\u8ba4\u5b9a\u6295\u8d44\u7ec4\u5408\u5e94\u8be5\u753160%\u7684\u80a1\u7968\u548c40%\u7684\u503a\u5238\u6784\u6210\uff1b<\/li>\n\n\n\n<li>\u5728\u6267\u884c\u521d\u671f\u6309\u7167\u6bd4\u4f8b\u6295\u8d44\uff0c60%\u80a1\u7968+40%\u503a\u5238\uff1b\n<ul class=\"wp-block-list\">\n<li>\u4e00\u5e74\u540e\u6301\u6709\u80a1\u7968\u4e0a\u6da8\/\u503a\u5238\u4e0b\u8dcc\uff0c70%\u80a1\u7968+30%\u503a\u5238\uff1b\n<ol class=\"wp-block-list\">\n<li>\u5356\u51fa\u80a1\u7968\uff0c\u4e70\u5165\u503a\u5238\uff0c\u4f7f\u6295\u8d44\u7ec4\u5408\u91cd\u56de60%\u80a1\u7968+40%\u503a\u5238\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u4e00\u5e74\u540e\u6301\u6709\u80a1\u7968\u4e0b\u8dcc\/\u503a\u5238\u4e0a\u6da8\uff0c50%\u80a1\u7968+50%\u503a\u5238\uff1b\n<ol class=\"wp-block-list\">\n<li>\u5356\u51fa\u503a\u5238\uff0c\u4e70\u5165\u80a1\u7968\uff0c\u4f7f\u6295\u8d44\u7ec4\u5408\u91cd\u56de60%\u80a1\u7968+40%\u503a\u5238\uff1b<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p>\u5e74\u5ea6\u91cd\u65b0\u8c03\u6574\u8d44\u4ea7\u6743\u91cd\u7684\u91cd\u8981\u6027<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u4f7f\u5f97\u6295\u8d44\u7ec4\u5408\u7684\u6ce2\u52a8\u6027\u53d8\u5f97\u66f4\u5c0f\uff0c\u4e5f\u5e26\u6765\u4e86\u66f4\u9ad8\u7684\u6536\u76ca\u7387\uff1b<\/li>\n\n\n\n<li>\u53ef\u9760\u5730\u6307\u5bfc<strong>\u4f4e\u4e70\u9ad8\u5356<\/strong>\uff1b<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>1996-01\uff5e2017-12<\/th><th>\u5e74\u5747\u6536\u76ca\u7387<\/th><th>\u98ce\u9669\uff08\u6536\u76ca\u7387\u6807\u51c6\u5dee\uff09<\/th><\/tr><\/thead><tbody><tr><td>60%\u7684\u7f57\u7d203000\u80a1\u7968\u6307\u6570\u57fa\u91d1<br>40%\u7684\u5df4\u514b\u83b1\u503a\u57fa\u6307\u6570\u57fa\u91d1<br><strong>\u6bcf\u5e74\u91cd\u65b0\u8c03\u6574<\/strong><\/td><td>7.83<\/td><td>10.40<\/td><\/tr><tr><td>60%\u7684\u7f57\u7d203000\u80a1\u7968\u6307\u6570\u57fa\u91d1<br>40%\u7684\u5df4\u514b\u83b1\u503a\u57fa\u6307\u6570\u57fa\u91d1<br>\u4ece\u4e0d\u91cd\u65b0\u8c03\u6574<\/td><td>7.71<\/td><td>11.63<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u533a\u5206\u9762\u5bf9\u98ce\u9669\u7684\u6001\u5ea6\u548c\u627f\u62c5\u98ce\u9669\u7684\u80fd\u529b\">\u533a\u5206\u9762\u5bf9\u98ce\u9669\u7684\u6001\u5ea6\u548c\u627f\u62c5\u98ce\u9669\u7684\u80fd\u529b<\/h4>\n\n\n\n<p>\u5728\u6295\u8d44\u7ec4\u5408\u4e2d\uff0c\u6c38\u8fdc\u4e0d\u8981\u627f\u62c5\u4e0e\u4e3b\u8981\u6536\u5165\u6765\u6e90\u76f8\u540c\u7684\u98ce\u9669\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle18\">\u6839\u636e\u751f\u547d\u5468\u671f\u5236\u8ba2\u6295\u8d44\u8ba1\u5212\u7684\u4e09\u6761\u4e00\u822c\u51c6\u5219<\/h3>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u7279\u5b9a\u9700\u6c42\u5fc5\u987b\u5b89\u6392\u4e13\u7528\u8d44\u4ea7\u63d0\u4f9b\u8d44\u91d1\u652f\u6301\">\u7279\u5b9a\u9700\u6c42\u5fc5\u987b\u5b89\u6392\u4e13\u7528\u8d44\u4ea7\u63d0\u4f9b\u8d44\u91d1\u652f\u6301<\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u4f4f\u623f\u9996\u4ed8\u6b3e\uff1b<\/li>\n\n\n\n<li>\u5927\u5b66\u5b66\u8d39<\/li>\n<\/ol>\n\n\n\n<p>\u884d\u751f\uff1a\u7279\u5b9a\u9700\u6c42\u5fc5\u987b\u5b89\u6392\u4e13\u7528\u7684\u65f6\u95f4\u4e0e\u7cbe\u529b<\/p>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u8ba4\u6e05\u81ea\u5df1\u7684\u98ce\u9669\u627f\u53d7\u80fd\u529b\">\u8ba4\u6e05\u81ea\u5df1\u7684\u98ce\u9669\u627f\u53d7\u80fd\u529b<\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5173\u952e\u8fd8\u5728\u4e8e\u5728\u591c\u665a\u662f\u5426\u80fd\u5b89\u7136\u5165\u7761\u3002\n<ol class=\"wp-block-list\">\n<li>2008\u5e74\uff0c\u80a1\u5e02\u51e0\u4e4e\u66b4\u8dcc\u4e8650%\uff0c\u5f53\u65f6\u7684\u611f\u53d7<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u98ce\u9669\u538c\u6076\u7a0b\u5ea6<\/li>\n<\/ol>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"\u5728\u56fa\u5b9a\u8d26\u6237\u4e2d\u575a\u6301\u4e0d\u61c8\u5730\u50a8\u84c4\u65e0\u8bba\u6570\u76ee\u6709\u591a\u5c0f\u5fc5\u6709\u597d\u7ed3\u679c\">\u5728\u56fa\u5b9a\u8d26\u6237\u4e2d\u575a\u6301\u4e0d\u61c8\u5730\u50a8\u84c4\uff0c\u65e0\u8bba\u6570\u76ee\u6709\u591a\u5c0f\uff0c\u5fc5\u6709\u597d\u7ed3\u679c<\/h4>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u575a\u6301401\uff08k\uff09\u8ba1\u5212\uff1b<\/li>\n\n\n\n<li>\u575a\u6301\u85aa\u8d44\u50a8\u84c4\u8ba1\u5212\n<ol class=\"wp-block-list\">\n<li>\u6bcf\u5468\u5b58\u4e0b23\u7f8e\u5143\/11.5\u7f8e\u5143\uff0c\u53ef\u884c\u5417\uff1f<\/li>\n\n\n\n<li>\u5c06\u50a8\u84c4\u91d1\u7528\u4e8e\u4f4e\u6210\u672c\u5171\u540c\u57fa\u91d1\u6295\u8d44\uff1b<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle19\">\u751f\u547d\u5468\u671f\u6295\u8d44\u6307\u5357<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5bf9\u4e8e20\u591a\u5c81\u7684\u5e74\u8f7b\u4eba\uff0c\u5efa\u8bae\u91c7\u7528<strong>\u6fc0\u8fdb\u578b<\/strong>\u6295\u8d44\u7ec4\u5408\n<ol class=\"wp-block-list\">\n<li>\u6709\u5f88\u591a\u65f6\u95f4\u53bb\u5de5\u4f5c\u6323\u94b1<\/li>\n\n\n\n<li>\u5b89\u7136\u6e21\u8fc7\u4e00\u4e2a\u4e2a\u6295\u8d44\u5468\u671f\u7684\u6ce2\u5cf0\u548c\u6d6a\u8c37<\/li>\n\n\n\n<li>\u6301\u6709\u6743\u91cd\u5f88\u5927\u7684\u80a1\u7968\uff0c\u8fd8\u5305\u542b\u5927\u6bd4\u4f8b\u7684\u5916\u56fd\u80a1\u7968\uff0c\u5c24\u5176\u98ce\u9669\u8f83\u9ad8\u7684\u65b0\u5174\u5e02\u573a\u80a1\u7968\u3002<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u968f\u7740\u6295\u8d44\u8005\u5e74\u5c81\u6e10\u589e\uff0c\u5e94\u5f00\u59cb\u524a\u51cf\u98ce\u9669\u8f83\u5927\u7684\u6295\u8d44\uff0c\u540c\u65f6\u589e\u6301\u503a\u5238\u4ee5\u53ca\u8bf8\u5982\u80a1\u5229\u589e\u957f\u578b\u80a1\u7968\u4e4b\u7c7b\u7684\u503a\u5238\u66ff\u4ee3\u54c1<\/li>\n\n\n\n<li>\u5e74\u5c4a55\u5c81\u7684\u6295\u8d44\u8005\u5e94\u8be5\u8003\u8651\u9010\u6e10\u5411\u9000\u4f11\u8fc7\u6e21\uff0c\u8f6c\u5411<strong>\u6536\u5165\u5bfc\u5411\u578b<\/strong>\u6295\u8d44\u7ec4\u5408<\/li>\n\n\n\n<li>\u8fc7\u53bb\u7ecf\u9a8c\u6cd5\u5219\uff1a\u6295\u8d44\u7ec4\u5408\u4e2d\u503a\u5238\u7684\u6bd4\u4f8b\u5e94\u8be5\u4e0e\u6295\u8d44\u8005\u5e74\u9f84\u76f8\u7b49\u3002\u5373\u4fbf\u6295\u8d44\u8005\u5e74\u8fd1\u4e03\u65ec\uff0c\u8fd8\u662f\u5efa\u8bae\u5728\u6295\u8d44\u7ec4\u5408\u4e2d\u4fdd\u670940%\u7684\u4e00\u822c\u80a1\u7968\u548c15%\u7684\u623f\u5730\u4ea7\u6743\u76ca\u7c7b\u8bc1\u5238<\/li>\n<\/ol>\n\n\n\n<p><img decoding=\"async\" src=\"https:\/\/gitee.com\/jerryqiang\/images\/raw\/master\/%E6%BC%AB%E6%AD%A5%E5%8D%8E%E5%B0%94%E8%A1%97%EF%BC%88%E7%AC%AC12%E7%89%88%EF%BC%89-%E8%AF%BB%E4%B9%A6%E7%AC%94%E8%AE%B0\/imgs\/25-year-old_guide_to_investing.png\" alt=\"25\u5c81\u6295\u8d44\u6307\u5357\" style=\"width: 600px;\"><br><img decoding=\"async\" src=\"https:\/\/gitee.com\/jerryqiang\/images\/raw\/master\/%E6%BC%AB%E6%AD%A5%E5%8D%8E%E5%B0%94%E8%A1%97%EF%BC%88%E7%AC%AC12%E7%89%88%EF%BC%89-%E8%AF%BB%E4%B9%A6%E7%AC%94%E8%AE%B0\/imgs\/35-year-old_guide_to_investing.png\" alt=\"35\u5c81\u6295\u8d44\u6307\u5357\" style=\"width: 600px;\"><br><img decoding=\"async\" src=\"https:\/\/gitee.com\/jerryqiang\/images\/raw\/master\/%E6%BC%AB%E6%AD%A5%E5%8D%8E%E5%B0%94%E8%A1%97%EF%BC%88%E7%AC%AC12%E7%89%88%EF%BC%89-%E8%AF%BB%E4%B9%A6%E7%AC%94%E8%AE%B0\/imgs\/55-year-old_guide_to_investing.png\" alt=\"55\u5c81\u6295\u8d44\u6307\u5357\" style=\"width: 600px;\"><br><img decoding=\"async\" src=\"https:\/\/gitee.com\/jerryqiang\/images\/raw\/master\/%E6%BC%AB%E6%AD%A5%E5%8D%8E%E5%B0%94%E8%A1%97%EF%BC%88%E7%AC%AC12%E7%89%88%EF%BC%89-%E8%AF%BB%E4%B9%A6%E7%AC%94%E8%AE%B0\/imgs\/65-year-old_guide_to_investing.png\" alt=\"65\u5c81\u6295\u8d44\u6307\u5357\" style=\"width: 600px;\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle20\">\u751f\u547d\u5468\u671f\u57fa\u91d1<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u81ea\u52a8\u91cd\u65b0\u8c03\u6574\u8d44\u4ea7\u6743\u91cd\uff0c\u968f\u7740\u5e74\u9f84\u589e\u957f\uff0c\u4f1a\u4f7f\u6295\u8d44\u7ec4\u5408\u9010\u6e10\u8f6c\u5411\u66f4\u52a0\u5b89\u5168\u7684\u914d\u7f6e\u6bd4\u4f8b\uff1b<\/li>\n\n\n\n<li>\u5148\u9009\u5b9a\u4e00\u4e2a\u9884\u671f\u5c06\u9000\u4f11\u7684\u65e5\u671f\uff0c\u4f8b\u5982\u5047\u8bbe\u4eca\u5e74\u662f2020\u5e74\uff0c\u5f53\u524d40\u5c81\uff0c\u8ba1\u521270\u5c81\u9000\u4f11\uff0c\u90a3\u4e48\u5e94\u8be5\u8d2d\u4e70\u4e00\u53ea\u201c\u76ee\u6807\u5230\u671f\u65e5\u4e3a2050\u5e74\u201d\u7684\u751f\u547d\u5468\u671f\u57fa\u91d1\uff1b<\/li>\n\n\n\n<li>\u9009\u62e9\u5927\u578b\u7efc\u5408\u6027\u5171\u540c\u57fa\u91d1\u516c\u53f8\uff0c\u5982\u5148\u950b\u96c6\u56e2\u3001\u5bcc\u8fbe\uff08Fidelity\uff09\u3001\u7f8e\u56fd\u4e16\u7eaa\uff08American Century\uff09\u3001\u666e\u4fe1\u96c6\u56e2\uff08T. Rowe Price\uff09\uff1b<\/li>\n\n\n\n<li>\u9009\u62e9\u624b\u7eed\u8d39\u4fbf\u5b9c\u7684\uff1b<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle21\">\u9000\u4f11\u4e4b\u540e\u7684\u6295\u8d44\u7ba1\u7406<\/h3>\n\n\n\n<p>\u7f8e\u56fd\u4e00\u76f4\u662f\u4e2a\u6ce8\u91cd\u6d88\u8d39\u7684\u56fd\u5bb6\uff0c\u800c\u4e0d\u662f\u6ce8\u91cd\u50a8\u84c4\u7684\u56fd\u5bb6\u3002\u9274\u4e8e\u8054\u90a6\u653f\u5e9c\u957f\u671f\u4ee5\u6765\u7684\u9884\u7b97\u72b6\u51b5\uff0c\u4e0d\u80fd\u6307\u671b\u653f\u5e9c\u80fd\u5e2e\u52a9\u4e2a\u4eba\u6446\u8131\u56f0\u5883\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8981\u4e48\u65e9\u70b9\u79bb\u5f00\u4eba\u95f4\uff1b<\/li>\n\n\n\n<li>\u8981\u4e48\u5f00\u59cb\u4e25\u8083\u8ba4\u771f\u5730\u50a8\u84c4\uff1b\n<ol class=\"wp-block-list\">\n<li>\u518d\u5de5\u4f5c\u51e0\u5e74 + \u63a7\u5236\u5f00\u9500\uff1b<\/li>\n\n\n\n<li>\u63a8\u8fdf\u9000\u4f11\uff1b\n<ol class=\"wp-block-list\">\n<li>\u63a8\u8fdf\u5230\u5b8c\u5168\u9000\u4f11\u5e74\u9f84\u624d\u5f00\u59cb\u9886\u53d6\u793e\u4f1a\u4fdd\u969c\u798f\u5229\u91d1\uff0c\u4ee5\u4f7f\u4eca\u540e\u6bcf\u5e74\u9886\u53d6\u7684\u798f\u5229\u91d1\u8fbe\u5230\u6700\u5927\u5316\uff1b<\/li>\n\n\n\n<li>\u53ea\u6709\u5bf9\u4e8e\u90a3\u4e9b\u5065\u5eb7\u72b6\u51b5\u5f88\u5dee\u56e0\u800c\u9884\u671f\u5bff\u547d\u5f88\u77ed\u7684\u4e2a\u4eba\uff0c\u624d\u4f1a\u5efa\u8bae\u5728\u80fd\u5f00\u59cb\u9886\u53d6\u798f\u5229\u91d1\u7684\u6700\u65e9\u5e74\u9f84\u4fbf\u5f00\u59cb\u9886\u53d6\uff1b<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle22\">\u5982\u4f55\u6295\u8d44\u9000\u4f11\u50a8\u84c4\u91d1<\/h3>\n\n\n\n<p>\u9000\u4f11\u50a8\u84c4\u91d1\u7684\u6295\u8d44\u7b56\u7565<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5168\u90e8\u6216\u90e8\u5206<strong>\u5e74\u91d1\u5316<\/strong>\uff1b<\/li>\n\n\n\n<li><strong>\u7ee7\u7eed\u6301\u6709\u6295\u8d44\u7ec4\u5408<\/strong>\uff0c\u540c\u65f6\u786e\u5b9a\u4e00\u4e2a<strong>\u63d0\u7528\u8d44\u91d1\u7684\u6bd4\u4f8b<\/strong>\uff1b<\/li>\n<\/ol>\n\n\n\n<p>\u4f60\u6240\u542c\u5230\u6216\u8bfb\u5230\u7684\u4e00\u5207\u4e1c\u897f\uff0c\u670995%\u90fd\u662f\u6beb\u65e0\u7528\u5904\u7684\u5783\u573e\u3002<\/p>\n\n\n\n<p>\u2014\u2014\u79d1\u5e7b\u5c0f\u8bf4\u4f5c\u5bb6\u897f\u5965\u591a\u00b7\u65af\u7279\u91d1<\/p>\n\n\n\n<p>\u5e74\u91d1<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u4e0e\u4fdd\u9669\u516c\u53f8\u7b7e\u8ba2\u7684\u4e00\u79cd\u5408\u540c<\/li>\n\n\n\n<li>\u6295\u8d44\u8005\u5411\u4fdd\u9669\u516c\u53f8\u652f\u4ed8\u4e00\u7b14\u8d44\u91d1<\/li>\n\n\n\n<li>\u4fdd\u9669\u516c\u53f8\u672a\u6765\u5411\u5e74\u91d1\u6301\u6709\u4eba\u5b9a\u671f\u652f\u4ed8\u4e00\u7cfb\u5217\u6b3e\u9879\uff0c\u76f4\u81f3\u5e74\u91d1\u6301\u6709\u4eba\u6b7b\u4ea1<\/li>\n\n\n\n<li>\u8054\u5408\u751f\u5b58\u7279\u8272\uff0c\u4f8b\u5982\u592b\u5987<\/li>\n\n\n\n<li>\u89e3\u51b3\u957f\u5bff\u4e0b\u6536\u5165\u6765\u6e90\u4e0d\u8db3\u7684\u98ce\u9669<\/li>\n<\/ol>\n\n\n\n<p>\u53ef\u53d8\u5e74\u91d1<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u53d6\u51b3\u4e8e\u9009\u62e9\u7684\u6295\u8d44\u8d44\u4ea7\u7c7b\u578b<\/li>\n\n\n\n<li>\u4fdd\u8bc1\u652f\u4ed8\u671f\uff0c\u5f53\u5e74\u91d1\u6301\u6709\u4eba\u8eab\u6545\u65f6\uff0c\u652f\u4ed8\u7ed9\u7ee7\u627f\u8005<\/li>\n\n\n\n<li>\u6839\u636e\u663e\u6027\u901a\u8d27\u81a8\u80c0\u7387\u8fdb\u884c\u8c03\u6574<\/li>\n\n\n\n<li>\u66f4\u4f18\u6e25\u7684\u6761\u4ef6\uff0c\u4f1a\u5bfc\u81f4\u5b9e\u9645\u7684\u6536\u76ca\u7387\u66f4\u5c11\uff1b<\/li>\n<\/ol>\n\n\n\n<p>\u5e74\u91d1\u7684\u7f3a\u70b9<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5e74\u91d1\u4e0e\u9057\u8d60\u52a8\u673a\u4e0d\u76f8\u7b26\u5408\uff1b<\/li>\n\n\n\n<li>\u5e74\u91d1\u4f1a\u4f7f\u5e74\u91d1\u6301\u6709\u4eba\u7684\u6d88\u8d39\u8def\u5f84\u4e0d\u6613\u6539\u53d8\uff1b<\/li>\n\n\n\n<li>\u5e74\u91d1\u53ef\u80fd\u4f1a\u6d89\u53ca\u9ad8\u6602\u7684\u4ea4\u6613\u8d39\u7528\uff1b<\/li>\n\n\n\n<li>\u5e74\u91d1\u5728\u7a0e\u6536\u4e0a\u53ef\u80fd\u6ca1\u6709\u4f18\u52bf\uff1b<\/li>\n<\/ol>\n\n\n\n<p>\u7ed3\u8bba<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u81f3\u5c11\u5c06\u90e8\u5206\u50a8\u84c4\u6295\u5165\u5e74\u91d1\uff0c\u89e3\u51b3\u957f\u5bff\u4e0b\u6536\u5165\u6765\u6e90\u4e0d\u8db3\u7684\u98ce\u9669\u3002<\/li>\n\n\n\n<li>\u9009\u62e9\u4e00\u4e9b\u4fe1\u8a89\u826f\u597d\u7684\u516c\u53f8\uff0c\u5982\u5148\u950b\u96c6\u56e2\u7b49\uff1b<\/li>\n\n\n\n<li>\u9009\u62e9\u4f4e\u6210\u672c\u65e0\u9500\u552e\u4f63\u91d1\u7684\u5e74\u91d1\uff1b<\/li>\n\n\n\n<li>\u4e92\u8054\u7f51\u4e0a\u5bf9\u6bd4\u4ea7\u54c1\uff1b<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle23\">\u7ee7\u7eed\u6301\u6709\u9000\u4f11\u524d\u7684\u6295\u8d44\u7ec4\u5408\uff0c\u5982\u4f55\u8fc7\u597d\u9000\u4f11\u751f\u6d3b<\/h3>\n\n\n\n<p>4%\u89e3\u51b3\u65b9\u6848<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u6bcf\u5e74\u82b1\u8d39\u7684\u94b1\u4e0d\u5e94\u8be5\u8d85\u8fc7\u5df2\u79ef\u6512\u4e0b\u6765\u7684\u8d44\u4ea7\u603b\u503c\u76844%<\/li>\n\n\n\n<li>45\u4e07\u7f8e\u5143\u7684\u50a8\u84c4\uff0c\u6bcf\u5e74\u83b7\u5f971.8\u4e07\u7f8e\u5143\/\u6bcf\u6708\u83b7\u5f971500\u7f8e\u5143\u6536\u5165<\/li>\n\n\n\n<li>\u80a1\u7968\u548c\u503a\u5238\u7684\u591a\u5143\u5316\u6295\u8d44\u7ec4\u5408\u7684\u6536\u76ca\u7387\u6781\u6709\u53ef\u80fd\u8d85\u8fc74%\uff0c\u9650\u5b9a\u63d0\u6b3e\u6d88\u8d39\u7684\u6bd4\u4f8b\u7684\u539f\u56e0\n<ol class=\"wp-block-list\">\n<li>\u8ba9\u6bcf\u6708\u7684\u652f\u51fa\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\u6309\u901a\u8d27\u81a8\u80c0\u7387\u4fdd\u6301\u589e\u957f\uff1b<\/li>\n\n\n\n<li>\u786e\u4fdd\u5b89\u7136\u5ea6\u8fc7\u80a1\u5e02\u96be\u514d\u4f1a\u51fa\u73b0\u7684\u51e0\u5e74\u8427\u6761\u671f\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u5148\u4f30\u8ba1\u6295\u8d44\u8d44\u91d1\u7684\u6536\u76ca\u7387\uff0c\u7136\u540e\u4ece\u4e2d\u6263\u9664\u901a\u8d27\u81a8\u80c0\u7387\uff0c\u6240\u5f97\u7ed3\u679c\u4fbf\u786e\u5b9a\u4e86\u53ef\u6301\u7eed\u7684\u6d88\u8d39\u6c34\u5e73\u3002\n<ol class=\"wp-block-list\">\n<li>\u9884\u671f\u80a1\u7968\u5e02\u573a\u6bcf\u5e74\u4ea7\u751f7%\u7684\u957f\u671f\u6536\u76ca\u7387\uff0c\u4e00\u4e2a\u591a\u6837\u5316\u7684\u503a\u5238\u6295\u8d44\u7ec4\u5408\u6bcf\u5e74\u4ea7\u751f4%\u7684\u6536\u76ca\u7387\uff1b<\/li>\n\n\n\n<li>50%\u80a1\u7968+50%\u503a\u5238\u7ec4\u6210\u7684\u6295\u8d44\u7ec4\u5408\u6bcf\u5e74\u4ea7\u751f5.5%\u7684\u6536\u76ca\u7387\uff1b<\/li>\n\n\n\n<li>\u5047\u8bbe\u5728\u8f83\u957f\u65f6\u671f\u91cc\uff0c\u901a\u8d27\u81a8\u80c0\u7387\u6bcf\u5e74\u4e3a1.5%\uff1b<\/li>\n\n\n\n<li>\u5f97\u51fa4%\u7684\u6bd4\u4f8b\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u8865\u5145\u610f\u89c1\n<ol class=\"wp-block-list\">\n<li><strong>\u5f00\u59cb\u65f6<\/strong>\u6309\u7167\u6700\u521d\u9000\u4f11\u50a8\u84c4\u91d1\u76843.5%\u62164%\u8fdb\u884c\u6d88\u8d39\uff0c\u5c0f\u4e8e4%\uff1b<\/li>\n\n\n\n<li>\u4f18\u5148\u5356\u51fa\u4e00\u90e8\u5206\u76f8\u5bf9\u4e8e\u8bbe\u5b9a\u7684\u76ee\u6807\u8d44\u4ea7\u914d\u7f6e\u6bd4\u4f8b\u6743\u91cd\u5df2\u8fc7\u5927\u7684\u8d44\u4ea7\uff1b\uff08\u7ed3\u5408\u5e74\u5ea6\u91cd\u65b0\u8c03\u6574\u8d44\u4ea7\u6743\u91cd\uff09<\/li>\n\n\n\n<li>\u5c3d\u53ef\u80fd\u63a8\u8fdf\u7f34\u7eb3\u6240\u5f97\u7a0e\u7684\u65f6\u95f4\uff0c\u540c\u65f6\u53c8\u80fd\u4ece\u8d44\u4ea7\u4e2d\u63d0\u51fa\u6b3e\u9879\u3002\u8ddf\u7f8e\u56fd\u7a0e\u6536\u653f\u7b56\u6709\u5173<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"blogTitle24\">\u7b2c15\u7ae0 \u4e09\u79cd\u6b65\u4f10\u6f2b\u6b65\u534e\u5c14\u8857<\/h2>\n\n\n\n<p>\u5e74\u6536\u516520\u82f1\u9551\uff0c\u5e74\u652f\u51fa19\u82f1\u95516\u4fbf\u58eb\uff0c\u7ed3\u679c\uff1a\u5e78\u798f\uff1b<\/p>\n\n\n\n<p>\u5e74\u6536\u516520\u82f1\u9551\uff0c\u5e74\u652f\u51fa20\u82f1\u95516\u4fbf\u58eb\uff0c\u7ed3\u679c\uff1a\u75db\u82e6\u3002<\/p>\n\n\n\n<p>\u2014\u2014\u67e5\u5c14\u65af\u00b7\u72c4\u66f4\u65af\uff08Charles Dickens\uff09\u300a\u5927\u536b\u00b7\u79d1\u6ce2\u83f2\u5c14\u300b\uff08David Copperfield\uff09<\/p>\n\n\n\n<p>\u5df2\u505a\u51fa\u4e86\u5408\u7406\u660e\u667a\u7684\u5224\u65ad<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u5904\u7406\u7a0e\u6536\u3001\u623f\u4ea7\u548c\u4fdd\u9669\uff1b<\/li>\n\n\n\n<li>\u6700\u5927\u9650\u5ea6\u5229\u7528\u73b0\u91d1\u50a8\u5907\uff1b<\/li>\n\n\n\n<li>\u5ba1\u89c6\u4e86\u6295\u8d44\u76ee\u6807\u3001\u6240\u5904\u7684\u751f\u547d\u9636\u6bb5\u3001\u5bf9\u98ce\u9669\u7684\u6001\u5ea6\uff1b<\/li>\n\n\n\n<li>\u5df2\u51b3\u5b9a\u4e86\u80a1\u7968\u7684\u6295\u8d44\u91d1\u989d\uff1b<\/li>\n<\/ol>\n\n\n\n<p>\u6f2b\u6b65\u534e\u5c14\u8857\u7684\u65b9\u5f0f\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u7701\u5fc3\u7701\u529b\u6f2b\u6b65\u6cd5\uff1a\u6295\u8d44\u6307\u6570\u57fa\u91d1<\/li>\n\n\n\n<li>\u4eb2\u529b\u4eb2\u4e3a\u6f2b\u6b65\u6cd5\uff1a\u53ef\u8d44\u4f7f\u7528\u7684\u9009\u80a1\u89c4\u5219<\/li>\n\n\n\n<li>\u66ff\u8eab\u6f2b\u6b65\u6cd5\uff1a\u96c7\u8bf7\u6295\u8d44\u987e\u95ee<\/li>\n\n\n\n<li>\u9a6c\u5c14\u57fa\u5c14\u6f2b\u6b65\u6cd5\uff1a<strong>\u6298\u4ef7\u8d2d\u4e70\u5c01\u95ed\u5f0f\u57fa\u91d1<\/strong>\n<ul class=\"wp-block-list\">\n<li>\u672c\u4e66\u7b2c\u4e00\u7248\u65f6\uff0c\u7f8e\u56fd\u80a1\u7968\u7684\u6298\u4ef7\u7387\u9ad8\u8fbe40%<\/li>\n\n\n\n<li>\u4e2d\u56fd\u5c01\u95ed\u5f0f\u57fa\u91d1\u6298\u4ef7\u7387\u9ad8\u8fbe20%<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle25\">\u7701\u5fc3\u7701\u529b\u6f2b\u6b65\u6cd5\uff1a\u6295\u8d44\u6307\u6570\u57fa\u91d1<\/h3>\n\n\n\n<p>\u5e02\u573a\u4e0a\u6240\u6709\u7684\u6295\u8d44\u8005\u5e73\u5747\u800c\u8a00\u5c06\u4f1a\u83b7\u5f97\u5e02\u573a\u56de\u62a5\u7387\u3002\u6307\u6570\u57fa\u91d1\u80fd\u4ee5\u6700\u4f4e\u7684\u8d39\u7528\u5b9e\u73b0<strong>\u5e02\u573a\u56de\u62a5\u7387<\/strong>\uff1b<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u4e3b\u52a8\u7ba1\u7406\u578b\u57fa\u91d1\u4f5c\u4e3a\u4e00\u4e2a\u6574\u4f53\uff0c\u5176\u603b\u6536\u76ca\u7387\u5e76\u6ca1\u6709\u597d\u8fc7\u5e02\u573a\n<ol class=\"wp-block-list\">\n<li>\u4e3b\u52a8\u57fa\u91d1\u7684\u6301\u4ed3\u5468\u8f6c\u7387\u666e\u904d\u63a5\u8fd1100%<\/li>\n\n\n\n<li>\u6807\u51c6\u666e\u5c14500\u6307\u6570\u57fa\u91d1\uff0c\u6536\u53d6\u7684\u8d39\u7387\u4f4e\u4e8e<strong>\u4e07\u5206\u4e4b\u4e94<\/strong>\uff0c\u8fdc\u4f4e\u4e8e\u4e3b\u52a8\u57fa\u91d1\u6536\u53d6\u7684\u8d39\u73871%<\/li>\n\n\n\n<li>\u6307\u6570\u57fa\u91d1\u7684\u8d44\u91d1\u6295\u8d44\u6bd4\u4f8b\u9ad8<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u6307\u6570\u57fa\u91d1\u7684\u5176\u4ed6\u4f18\u52bf\n<ol class=\"wp-block-list\">\n<li>\u6307\u6570\u57fa\u91d1\u53ef\u4ee5\u63a8\u8fdf\u8d44\u672c\u5229\u5f97\u7684\u5b9e\u73b0\uff0c\u4f5c\u4e3a\u9057\u8d60\u8d22\u4ea7\u8fd8\u53ef\u4ee5\u8ba9\u6295\u8d44\u8005\u5b8c\u5168\u907f\u514d\u7eb3\u7a0e<\/li>\n\n\n\n<li>\u5b9a\u6295\uff1b<\/li>\n\n\n\n<li>\u7ea2\u5229\u518d\u6295\u8d44\uff1b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u6307\u6570\u6295\u8d44\u7b56\u7565\n<ol class=\"wp-block-list\">\n<li>\u7f57\u7d203000\u6307\u6570\u3001\u5a01\u5c14\u5e0c\u5c14\u6574\u4f53\u5e02\u573a\u6307\u6570\uff08Wilshire Total Market Index\uff09\u3001CRSP\u6307\u6570\uff0c\u6216MSCI\u7f8e\u56fd\u5927\u578b\u5e02\u573a\u6307\u6570 > \u6807\u51c6\u666e\u5c14500\u6307\u6570\n<ol class=\"wp-block-list\">\n<li>\u5305\u542b\u6240\u6709\u7f8e\u56fd\u80a1\u7968\u5e02\u503c\u4f59\u4e0b\u768420%\uff5e25%\uff1b<\/li>\n\n\n\n<li>\u5728\u5f88\u591a\u60c5\u51b5\u4e0b\uff0c\u8fd9\u4e9b\u516c\u53f8\u90fd\u662f\u63d0\u4f9b\u8f83\u9ad8\u6295\u8d44\u6536\u76ca\u7387\uff08\u98ce\u9669\u4e5f\u66f4\u9ad8\uff09\u7684\u65b0\u5174\u589e\u957f\u578b\u516c\u53f8<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>MSCI\u6b27\u6fb3\u8fdc\u4e1c\u6307\u6570\u548cMSCI\u65b0\u5174\u5e02\u573a\u6307\u6570\n<ol class=\"wp-block-list\">\n<li>\u901a\u8fc7\u56fd\u9645\u591a\u6837\u5316\u6295\u8d44\u6765\u964d\u4f4e\u98ce\u9669<\/li>\n\n\n\n<li>2018\u5e74\uff0c\u65b0\u5174\u5e02\u573a\u7684\u5468\u671f\u8c03\u6574\u5e02\u76c8\u7387\u4f4e\u4e8e12\u500d\uff0c\u4e0d\u8db3\u7f8e\u56fd\u7684\u4e00\u534a<\/li>\n\n\n\n<li>\u65b0\u5174\u5e02\u573a\u4e3b\u52a8\u7ba1\u7406\u578b\u57fa\u91d1\u7684\u8d39\u7387\u8fdc\u9ad8\u4e8e\u53d1\u8fbe\u56fd\u5bb6\u5e02\u573a<\/li>\n\n\n\n<li>\u6807\u51c6\u666e\u5c14\u516c\u53f82018\u5e74\u53d1\u5e03\u62a5\u544a\u8bf4\uff0c\u5728\u6240\u6709\u4e3b\u52a8\u7ba1\u7406\u578b\u65b0\u5174\u5e02\u573a\u80a1\u7968\u57fa\u91d1\u4e2d\uff0c95%\u7684\u57fa\u91d1\u5728\u6b64\u524d15\u5e74\u95f4\u8f93\u7ed9\u4e86\u6807\u51c6\u666e\u5c14\u548c\u56fd\u9645\u91d1\u878d\u516c\u53f8\u7684\u65b0\u5174\u5e02\u573a\u6307\u6570\u3002<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u5efa\u8bae55\u5c81\u5de6\u53f3\u7684\u4eba<br>\u6301\u6709\u7684\u5177\u4f53\u6307\u6570\u57fa\u91d1\u6295\u8d44\u7ec4\u5408<\/th><th><\/th><\/tr><\/thead><tbody><tr><td>\u73b0\u91d1\uff085%\uff09<br>\u53ef\u8003\u8651\u77ed\u671f\u503a\u5238\u57fa\u91d1\u4ee3\u66ff\u8d27\u5e01\u5e02\u573a\u57fa\u91d1<\/td><td>\u5bcc\u8fbe\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff08FXLXX\uff09<br>\u5148\u950b\u4f18\u9009\u8d27\u5e01\u5e02\u573a\u57fa\u91d1\uff08VMMXX\uff09<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td>\u503a\u5238\u53ca\u503a\u5238\u66ff\u4ee3\u54c1\uff0827.5%\uff09<\/td><td><\/td><\/tr><tr><td>\uff087.5%\uff09<\/td><td>\u5148\u950b\u7f8e\u56fd\u957f\u671f\u516c\u53f8\u503a\u5238ETF\uff08VCLT\uff09<br>iShres\u516c\u53f8\u503a\u5238ETF\uff08LQD\uff09<\/td><\/tr><tr><td>\uff087.5%\uff09<\/td><td>\u5148\u950b\u65b0\u5174\u5e02\u573a\u653f\u5e9c\u503a\u5238\u57fa\u91d1\uff08VGAVX\uff09<\/td><\/tr><tr><td>\uff0812.5%\uff09<\/td><td>\u667a\u6167\u6811\u80a1\u5229\u589e\u957f\u578b\u57fa\u91d1\uff08DGRW\uff09<br>\u5148\u950b\u80a1\u5229\u589e\u957f\u578b\u57fa\u91d1\uff08VDIGX\uff09<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td>\u623f\u5730\u4ea7\u6743\u76ca\u7c7b\u8bc1\u5238\uff0812.5%\uff09<\/td><td><\/td><\/tr><tr><td><\/td><td>\u5148\u950b\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u6307\u6570\u57fa\u91d1\uff08VGSIX\uff09<br>\u5bcc\u8fbe\u65af\u5df4\u8fbe\u4eba\u623f\u5730\u4ea7\u6295\u8d44\u4fe1\u6258\u6307\u6570\u57fa\u91d1\uff08FRXIX\uff09<\/td><\/tr><tr><td><\/td><td><\/td><\/tr><tr><td>\u80a1\u7968\uff0855%\uff09<\/td><td><\/td><\/tr><tr><td>\u7f8e\u56fd\u56fd\u5185\u80a1\u7968\uff0827%\uff09<\/td><td>\u5609\u4fe1\u6574\u4f53\u80a1\u5e02\u6307\u6570\u57fa\u91d1\uff08SWTSX\uff09<br>\u5148\u950b\u6574\u4f53\u80a1\u5e02\u6307\u6570\u57fa\u91d1\uff08VTSMX\uff09<\/td><\/tr><tr><td>\u5176\u4ed6\u53d1\u8fbe\u56fd\u5bb6\u80a1\u7968\uff0814%\uff09<\/td><td>\u5609\u4fe1\u56fd\u9645\u6307\u6570\u57fa\u91d1\uff08SWISX\uff09<br>\u5148\u950b\u56fd\u9645\u6307\u6570\u57fa\u91d1\uff08VTMGX\uff09<\/td><\/tr><tr><td>\u65b0\u5174\u5e02\u573a\u56fd\u9645\u80a1\u7968\uff0814%\uff09<\/td><td>\u5148\u950b\u65b0\u5174\u5e02\u573a\u6307\u6570\u57fa\u91d1\uff08VEIEX\uff09<br>\u5bcc\u8fbe\u65af\u5df4\u8fbe\u4eba\u65b0\u5174\u5e02\u573a\u6307\u6570\u57fa\u91d1\uff08FFMAX\uff09<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u6295\u8d44\u7406\u8d22\u65f6\u8003\u8651<strong>\u7a0e\u6536<\/strong>\uff1b<\/li>\n\n\n\n<li><strong>\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\u578b\u6307\u6570\u57fa\u91d1<\/strong>\u8d4e\u56de\u65f6\u83b7\u53d6\u4e00\u63fd\u5b50\u80a1\u7968\uff0c\u9ad8\u6548\u907f\u7a0e\uff0c\u6536\u53d6\u7684\u8d39\u7528\u4e5f\u6700\u4e3a\u4f4e\u5ec9\uff1b<\/li>\n\n\n\n<li>\u8981\u80fd<strong>\u62b5\u5fa1\u8bf1\u60d1<\/strong>\uff0c\u4e0d\u8981\u5728\u4ea4\u6613\u65e5\u4efb\u4f55\u65f6\u5019\u4e70\u5356\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\uff1b<\/li>\n\n\n\n<li>\u6839\u636e\u5efa\u8bae\u7684<strong>\u8d44\u4ea7\u914d\u7f6e\u6bd4\u4f8b<\/strong>\uff0c\u5c06\u6295\u8d44\u7ec4\u5408\u7684\u6838\u5fc3\u90e8\u5206\u6295\u8d44\u4e8e<strong>\u6307\u6570\u57fa\u91d1<\/strong>\uff0c\u7136\u540e\u7528\u989d\u5916\u7684\u8d44\u91d1\u53bb\u79ef\u6781\u4e0b\u6ce8\u3002<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\u578b\u6307\u6570\u57fa\u91d1\uff08ETF\uff09<\/th><th>\u4ea4\u6613\u4ee3\u7801<\/th><th>\u8d39\u7387\uff08%\uff09<\/th><\/tr><\/thead><tbody><tr><td><strong>\u7f8e\u56fd\u6574\u4f53\u80a1\u5e02<\/strong><\/td><td><\/td><td><\/td><\/tr><tr><td>\u5148\u950b\u6574\u4f53\u80a1\u5e02\u57fa\u91d1<\/td><td>VTI<\/td><td>0.04<\/td><\/tr><tr><td>SPDR\u6574\u4f53\u80a1\u5e02\u57fa\u91d1<\/td><td>SPTM<\/td><td>0.03<\/td><\/tr><tr><td><strong>\u5176\u4ed6\u53d1\u8fbe\u56fd\u5bb6<\/strong>\uff08\u6b27\u6fb3\u8fdc\u4e1c\uff09<\/td><td><\/td><td><\/td><\/tr><tr><td>\u5148\u950b\u6b27\u6d32\u592a\u5e73\u6d0b\u57fa\u91d1<\/td><td>VEA<\/td><td>0.07<\/td><\/tr><tr><td>iShares Core MSCI\u5176\u4ed6\u53d1\u8fbe\u56fd\u5bb6\u5e02\u573a\u57fa\u91d1<\/td><td>IDEV<\/td><td>0.07<\/td><\/tr><tr><td>SPDR\u9664\u7f8e\u56fd\u5916\u53d1\u8fbe\u4e16\u754c\u57fa\u91d1<\/td><td>SPDW<\/td><td>0.04<\/td><\/tr><tr><td><strong>\u65b0\u5174\u5e02\u573a<\/strong><\/td><td><\/td><td><\/td><\/tr><tr><td>\u5148\u950b\u65b0\u5174\u5e02\u573a\u57fa\u91d1<\/td><td>VWO<\/td><td>0.14<\/td><\/tr><tr><td>SPDR\u65b0\u5174\u5e02\u573a\u57fa\u91d1<\/td><td>SPEM<\/td><td>0.11<\/td><\/tr><tr><td>iShares Core MSCI\u65b0\u5174\u5e02\u573a\u57fa\u91d1<\/td><td>IEMG<\/td><td>0.14<\/td><\/tr><tr><td><strong>\u9664\u7f8e\u56fd\u4e4b\u5916\u7684\u5168\u4e16\u754c<\/strong><\/td><td><\/td><td><\/td><\/tr><tr><td>\u5148\u950bFTSE\u5168\u4e16\u754c\u57fa\u91d1<\/td><td>VEU<\/td><td>0.11<\/td><\/tr><tr><td>SPDR MSCI ACWI\u57fa\u91d1<\/td><td>CWI<\/td><td>0.30<\/td><\/tr><tr><td>iShares Core MSCI\u6574\u4f53\u56fd\u9645\u80a1\u7968\u57fa\u91d1<\/td><td>IXUS<\/td><td>0.11<\/td><\/tr><tr><td><strong>\u5305\u62ec\u7f8e\u56fd\u7684\u5168\u4e16\u754c<\/strong><\/td><td><\/td><td><\/td><\/tr><tr><td>\u5148\u950b\u5168\u4e16\u754c\u57fa\u91d1<\/td><td>VT<\/td><td>0.10<\/td><\/tr><tr><td>iShares MSCI ACWI\u57fa\u91d1<\/td><td>ACWI<\/td><td>0.32<\/td><\/tr><tr><td><strong>\u7f8e\u56fd\u503a\u5238\u5e02\u573a<\/strong><\/td><td><\/td><td><\/td><\/tr><tr><td>\u5148\u950b\u6574\u4f53\u516c\u53f8\u503a\u5238\u57fa\u91d1<\/td><td>VTC<\/td><td>0.07<\/td><\/tr><tr><td>iShares\u6295\u8d44\u53ca\u516c\u53f8\u503a\u5238\u57fa\u91d1<\/td><td>LQD<\/td><td>0.15<\/td><\/tr><tr><td>\u5609\u4fe1\u7f8e\u56fd\u7efc\u5408\u503a\u5238\u57fa\u91d1<\/td><td>SCHZ<\/td><td>0.04<\/td><\/tr><tr><td><strong>\u5e94\u7a0e\u6295\u8d44\u8005<\/strong>\u5e94\u8003\u8651\u8868C-9\u5217\u51fa\u7684<strong>\u5c01\u95ed\u5f0f\u5e02\u653f<\/strong>\u503a\u5238\u57fa\u91d1\u3002<\/td><td><\/td><td><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"blogTitle26\">\u4eb2\u529b\u4eb2\u4e3a\u6f2b\u6b65\u6cd5\uff1a\u53ef\u8d44\u4f7f\u7528\u7684\u9009\u80a1\u89c4\u5219<\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u65e0\u8bba\u5bf9\u4e8e\u4e2a\u4eba\u8fd8\u662f\u673a\u6784\uff0c\u4e3a\u4e86\u7ba1\u7406\u5176\u5982\u9000\u4f11\u50a8\u84c4\u4e4b\u7c7b\u7684\u91cd\u8981\u8d44\u91d1\uff0c<strong>\u6307\u6570\u5316\u90fd\u662f\u63a8\u8350\u7684\u6295\u8d44\u7b56\u7565<\/strong>\uff1b<\/li>\n\n\n\n<li>\u5c06\u6574\u4e2a\u6295\u8d44\u7ec4\u5408\u90fd\u8fdb\u884c\u6307\u6570\u5316\u5b89\u6392\u662f\u4e00\u4e2a\u975e\u5e38\u67af\u71e5\u4e4f\u5473\u7684\u6295\u8d44\u7b56\u7565\uff0c\u5f88\u591a\u4eba\u5c06\u6295\u8d44\u89c6\u4e3a\u73a9\u4e50\uff1b<\/li>\n\n\n\n<li>\u4eb2\u529b\u4eb2\u4e3a\u9700\u8981\u4f60\u4ed8\u51fa\u5f88\u591a\u52aa\u529b\uff0c\u51b5\u4e14\u80fd\u59cb\u7ec8\u80dc\u51fa\u7684\u4eba\u975e\u5e38\u7f55\u89c1\uff1b<\/li>\n\n\n\n<li>\u83b7\u53d6\u6295\u8d44\u4fe1\u606f\u7684\u6e20\u9053\n<ol class=\"wp-block-list\">\n<li>\u516c\u5171\u56fe\u4e66\u9986\uff0c\u6295\u8d44\u4fe1\u606f\uff1b<\/li>\n\n\n\n<li>\u8d22\u7ecf\u7248\u9762\n<ol class=\"wp-block-list\">\n<li>\u4f8b\u5982\u300a\u7ebd\u7ea6\u65f6\u62a5\u300b\u3001\u300a\u534e\u5c14\u8857\u65e5\u62a5\u300b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u5468\u520a\n<ol class=\"wp-block-list\">\n<li>\u4f8b\u5982\u300a\u5df4\u4f26\u5468\u520a\u300b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u8d22\u7ecf\u6742\u5fd7\uff0c\u63a5\u89e6\u6295\u8d44\u7406\u5ff5\u548c\u6295\u8d44\u89c2\u70b9\n<ol class=\"wp-block-list\">\n<li>\u4f8b\u5982\u300a\u5f6d\u535a\u5546\u4e1a\u5468\u520a\u300b\u3001\u300a\u8d22\u5bcc\u300b\u3001\u300a\u798f\u5e03\u65af\u300b<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u5927\u578b\u6295\u8d44\u54a8\u8be2\u670d\u52a1\u673a\u6784\n<ol class=\"wp-block-list\">\n<li>\u6807\u51c6\u666e\u5c14\u516c\u53f8\u7684\u300a\u5c55\u671b\u300b\uff08Outlook\uff09<\/li>\n\n\n\n<li>\u4ef7\u503c\u7ebf\u516c\u53f8\u7684\u300a\u4ef7\u503c\u7ebf\u6295\u8d44\u7efc\u8ff0\u300b\uff08Value Line Investment Survey\uff09<\/li>\n\n\n\n<li>\u300a\u6668\u661f\u300b\uff08Morningstar\uff09<\/li>\n<\/ol>\n<\/li>\n\n\n\n<li>\u4e92\u8054\u7f51\uff0c\u5305\u62ec\u8bc1\u5238\u5206\u6790\u5e08\u7684\u63a8\u8350\u3002<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n\n\n\n<p><strong>\u6210\u529f\u9009\u80a1<\/strong>\u7684\u56db\u6761\u89c4\u5219<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>\u6240\u8d2d\u80a1\u7968\u9650\u4e8e\u76c8\u5229\u589e\u957f\u770b\u8d77\u6765\u81f3\u5c11\u80fd\u591f\u8fde\u7eed\u4e94\u5e74\u8d85\u8fc7\u5e73\u5747\u6c34\u5e73\u7684\u516c\u53f8\u3002\n<ol 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href=\"https:\/\/www.cnblogs.com\/nightglow\/articles\/18090691\/practical_guide\">https:\/\/www.cnblogs.com\/nightglow\/articles\/18090691\/practical_guide<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7b2c12\u7ae0 \u968f\u673a\u6f2b\u6b65\u8005\u7b49\u6295\u8d44\u8005\u7684\u5065\u8eab\u624b\u518c \u62ff\u94b1\u6295\u8d44\u65f6\uff0c\u4f60\u60f3\u83b7\u5f97\u591a\u5c11\u6536\u76ca\uff0c\u5e94\u8be5\u53d6\u51b3\u4e8e\u4f60\u60f3\u5403\u5f97\u597d\u8fd8\u662f\u7761\u5f97\u9999\u3002 \u2014\u2014J [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11286","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/11286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11286"}],"version-history":[{"count":0,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/11286\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invbus.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}