{"id":2146,"date":"2018-01-25T23:29:09","date_gmt":"2018-01-25T15:29:09","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=2146"},"modified":"2018-10-12T22:44:17","modified_gmt":"2018-10-12T14:44:17","slug":"%e5%bc%b7%e7%a9%8d%e9%87%91%e7%ad%96%e7%95%a5%e4%ba%a4%e6%b5%8114-%e5%bc%b7%e7%a9%8d%e9%87%91%e4%b8%a6%e9%9d%9e%e9%81%8b%e7%94%a8%e5%b9%b3%e5%9d%87%e6%88%90%e6%9c%ac%e6%b3%95","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2018\/01\/%e5%bc%b7%e7%a9%8d%e9%87%91%e7%ad%96%e7%95%a5%e4%ba%a4%e6%b5%8114-%e5%bc%b7%e7%a9%8d%e9%87%91%e4%b8%a6%e9%9d%9e%e9%81%8b%e7%94%a8%e5%b9%b3%e5%9d%87%e6%88%90%e6%9c%ac%e6%b3%95\/","title":{"rendered":"\u5f37\u7a4d\u91d1\u7b56\u7565\u4ea4\u6d41#14 \u2013 \u5f37\u7a4d\u91d1\u4e26\u975e\u904b\u7528\u5e73\u5747\u6210\u672c\u6cd5"},"content":{"rendered":"

\u5f37\u7a4d\u91d1\u7b56\u7565\u4ea4\u6d41#14 \u2013 \u5f37\u7a4d\u91d1\u4e26\u975e\u904b\u7528\u5e73\u5747\u6210\u672c\u6cd5<\/span><\/strong><\/span><\/h2>\n
<\/p>\n
\u7121\u8ad6\u7a4d\u91d1\u5c40\u6216\u4e00\u773e\u53d7\u8a17\u4eba\u71df\u8fa6\u4eba\uff0c\u904e\u5f80\u5341\u591a\u5e74\u4f86\u90fd\u4e0d\u65b7\u63a8\u5ee3\u5f37\u7a4d\u91d1\u662f\u9032\u884c\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\uff0c\u898b\u6b64 1<\/a>\u00a0 2<\/a>\u00a0 3<\/a>\u00a0 \u3002\u672c\u6587\u6309\u4ee5\u4e0b\u4e09\u500b\u554f\u984c\uff0c\u8a0e\u8ad6\u4e00\u4e0b\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\uff1a<\/span><\/p>\n
<\/p>\n
\n
\u4ec0\u9ebc\u662f\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\uff1f<\/span><\/strong><\/li>\n
\u904b\u7528\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u65bc\u5f37\u7a4d\u91d1\u7684\u56de\u5831\u53ca\u6ce2\u5e45\u5982\u4f55\uff1f<\/span><\/strong><\/li>\n
\u5f37\u7a4d\u91d1\u662f\u904b\u7528\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u55ce\uff1f<\/span><\/strong><\/li>\n<\/ol>\n
<\/p>\n
\n
<\/p>\n
1.\u4ec0\u9ebc\u662f\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\uff08Dollar Cost Averaging\uff09\uff1f<\/span><\/strong><\/p>\n
<\/p>\n
\u9996\u5148\uff0c\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u662f\u5148\u624b\u6301\u4e00\u5806\u8cc7\u91d1<\/span>\uff08\u9019\u9ede\u842c\u5206\u91cd\u8981<\/span>\uff09\uff0c\u7136\u5f8c\u6309\u81ea\u8a02\u7684\u671f\u6578\u6216\u6642\u9593\u9593\u8ddd\uff0c\u5206\u671f\u5e73\u5747\u8cb7\u5165\u67d0\u4e00\u8cc7\u7522\uff0c\u4ee4\u8cb7\u5165\u50f9\u9054\u5230\u6642\u9593\u9593\u8ddd\u7576\u4e2d\u7684\u5e73\u5747\u503c<\/strong>\u3002<\/span><\/p>\n
<\/p>\n
<\/p>\n
\u898b\u4e0b\u8868\uff0c\u7531\u65bc\u5148\u6709$5,000\uff08\u9019\u9ede\u842c\u5206\u91cd\u8981<\/span>\uff09\uff0c\u7b2c1\u671f\u7528\u4e94\u5206\u4e00\u5373$1,000\u8cb7\u5165100\u500b\u7576\u6642\u50f9\u683c\u70ba$10\u7684\u6295\u8cc7\u7269\uff0c\u7e3d\u8cc7\u7522\u503c\u70ba100\u500b\u6295\u8cc7\u7269\uff0c\u540c\u6642\u52a0\u4e0a\u624b\u6301\u7684$4,000\uff0c\u5408\u8a08\u7e3d\u503c<\/strong><\/span>$5,000\uff08\u4e0d\u662f$1,000\uff09\u3002<\/span><\/p>\n
<\/p>\n\n\n\n\n\n\n\n\n\n
\u671f\u9593<\/strong><\/span><\/td>\n \u4f9b\u6b3e<\/strong><\/span><\/td>\n \u6295\u8cc7\u7269\u50f9\u683c<\/strong><\/span><\/td>\n \u8cb7\u5165\u6578\u91cf<\/strong><\/span><\/td>\n \u7d2f\u8a08\u6578\u91cf<\/strong><\/span><\/td>\n \u6295\u8cc7\u7269\u50f9\u503c<\/strong><\/span><\/td>\n \u7e3d\u503c<\/strong><\/span><\/td>\n \u7576\u671f\u56de\u5831<\/strong><\/span><\/td>\n<\/tr>\n
1<\/span><\/td>\n $1,000<\/span><\/td>\n $10<\/span><\/td>\n $1,000\/$10 = 100<\/span><\/td>\n 100<\/span><\/td>\n 100x$10<\/span><\/p>\n
=$1,000<\/span><\/td>\n
$1,000+$4,000=$5,000<\/span><\/td>\n <\/td>\n<\/tr>\n
2<\/span><\/td>\n $1,000<\/span><\/td>\n $14<\/span><\/td>\n 71.4<\/span><\/td>\n 100+71.4<\/span><\/p>\n
=171.4<\/span><\/td>\n
171.4x$14<\/span><\/p>\n
=$2,400<\/span><\/td>\n
$5,400<\/span><\/td>\n Ln(5400\/5000)=7.7%<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\n $1,000<\/span><\/td>\n $18<\/span><\/td>\n 55.6<\/span><\/td>\n 227<\/span><\/td>\n $4,086<\/span><\/td>\n $6,086<\/span><\/td>\n Ln(6086\/5400)=12%<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\n $1,000<\/span><\/td>\n $20<\/span><\/td>\n 50<\/span><\/td>\n 277<\/span><\/td>\n $5,540<\/span><\/td>\n $6,540<\/span><\/td>\n Ln(6540\/6086)=7.19%<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\n $1,000<\/span><\/td>\n $15<\/span><\/td>\n 66.7<\/span><\/td>\n 343.7<\/span><\/td>\n $5,155<\/span><\/td>\n $5,155<\/span><\/td>\n Ln(5155\/6540)=-23.8%<\/span><\/td>\n<\/tr>\n
\u7e3d\u8a08<\/strong><\/span><\/td>\n $5,000<\/strong><\/span><\/td>\n <\/td>\n <\/td>\n 343.7<\/strong><\/span><\/td>\n <\/td>\n $5,155<\/strong><\/span><\/td>\n \u00a0<\/strong><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/p>\n
<\/p>\n
\u5982\u662f\u8005\uff0c\u7b2c2\u671f\u7528\u624b\u4e2d\u7684<\/span>$4,000\u5167\u7684$1000<\/span>\uff0c\u4ee5$14\u8cb771.4\u500b\u6295\u8cc7\u7269\uff0c\u671f\u672b\u7e3d\u8cc7\u7522\u503c\u70ba171.4\u500b\u6295\u8cc7\u7269\u7684\u5e02\u503c($14 x 171.4)\uff0c\u52a0\u4e0a\u624b\u6301\u7684$3,000<\/span>\uff0c\u5408\u8a08\u7e3d\u503c<\/strong><\/span>\u70ba$5,400\u3002<\/span><\/p>\n
<\/p>\n
\u53bb\u5230\u7b2c5\u671f\uff0c\u6700\u5f8c\u7684$1,000\u8cc7\u91d1\uff0c\u6309\u5e02\u50f9$15\u8cb7\u516566.7\u500b\u6295\u8cc7\u7269\uff0c\u9023\u540c\u4e4b\u524d4\u671f\uff0c\u5408\u5171\u8cb7\u5165\u4e86343.7\u500b\u6295\u8cc7\u7269\uff0c\u5373\u5e73\u5747\u8cb7\u5165\u50f9\u70ba$5,000\/343.7 = $14.55\uff0c\u65bc\u7b2c5\u671f\u7684\u7e3d\u503c<\/strong><\/span>\u70ba$15 x 343.7 = $5,155\u3002<\/span><\/p>\n
<\/p>\n
\u6240\u4ee5\uff0c\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u7684\u662f\u7531\u521d\u59cb\u624b\u6301\u7684$5,000\u6210\u672c<\/span>\u53bb\u5206\u671f\u5e73\u5747<\/span>\u8f49\u63db\u6210\u70ba\u6295\u8cc7\u7269\uff0c\u800c\u4e0d\u662f\u6bcf\u671f\u589e\u52a0$1,000\u6210\u672c\uff0c\u8207\u5f37\u7a4d\u91d1\u7684\u8cc7\u91d1\u6295\u5165\u60c5\u6cc1\u4e26\u4e0d\u4e00\u6a23<\/span>\u3002<\/span><\/p>\n
<\/p>\n
\n
<\/p>\n
2.\u904b\u7528\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u65bc\u5f37\u7a4d\u91d1\u7684\u56de\u5831\u53ca\u6ce2\u5e45\u5982\u4f55\uff1f<\/span><\/strong><\/span><\/p>\n
<\/p>\n
<\/p>\n
\u6240\u4ee5\uff0c\u4e00\u958b\u59cb\u624b\u6301$5,000\u5230\u7b2c5\u671f\u672b\u624b\u6301$5,155\uff0c\u898b\u4e0a\u8868\uff0c\u5e73\u5747\u6bcf\u671f\u56de\u5831\u70ba (7.7%+12%+7.19%-23.8%)\/4 = 0.77%\uff0c\u4ea6\u5373($5155\/$5000-1)\/4\uff0c(\u5047\u8a2d\u671f\u521d\u6295\u5165\u8cc7\u91d1\uff0c\u5171\u67094\u500b\u5340\u9593)\uff0c\u6ce2\u5e45\u70baSTDEV(7.7%,12%,7.19%,-23.8%)=16.5%<\/span><\/p>\n
<\/p>\n
\u53cd\u89c0\u5f37\u7a4d\u91d1<\/strong>\uff0c\u5f37\u7a4d\u91d1<\/strong>\u6c92\u6709\u4e00\u958b\u59cb\u624b\u6301$5,000\uff0c\u53ea\u6709\u6bcf\u6708\u65b0\u589e$1,000\u6295\u8cc7\uff0c\u6295\u8cc7\u7269\u50f9\u503c\u6703\u9010\u671f\u63d0\u5347<\/strong>\uff0c\u898b\u4e0b\u8868\uff1a<\/span><\/p>\n
<\/p>\n\n\n\n\n\n\n\n\n\n
\u671f\u9593<\/strong><\/span><\/td>\n \u4f9b\u6b3e<\/strong><\/span><\/td>\n \u6295\u8cc7\u7269\u50f9\u683c<\/strong><\/span><\/td>\n \u8cb7\u5165\u6578\u91cf<\/strong><\/span><\/td>\n \u7d2f\u8a08\u6578\u91cf<\/strong><\/span><\/td>\n \u6295\u8cc7\u7269\u50f9\u503c<\/strong><\/span><\/td>\n \u7576\u671f\u56de\u5831<\/strong><\/span><\/td>\n<\/tr>\n
1<\/span><\/td>\n $1,000<\/span><\/td>\n $10<\/span><\/td>\n $1,000\/$10 = 100<\/span><\/td>\n 100<\/span><\/td>\n 100x$10<\/span><\/p>\n
=$1,000<\/span><\/td>\n
<\/td>\n<\/tr>\n
2<\/span><\/td>\n $1,000<\/span><\/td>\n $14<\/span><\/td>\n 71.4<\/span><\/td>\n 100+71.4<\/span><\/p>\n
=171.4<\/span><\/td>\n
171.4x$14<\/span><\/p>\n
=$2,400<\/span><\/td>\n
Ln[(2400-1000)\/1000]=33.6%<\/span><\/td>\n<\/tr>\n
3<\/span><\/td>\n $1,000<\/span><\/td>\n $18<\/span><\/td>\n 55.6<\/span><\/td>\n 227<\/span><\/td>\n $4,086<\/span><\/td>\n Ln[(4086-1000)\/2400]=25.1%<\/span><\/td>\n<\/tr>\n
4<\/span><\/td>\n $1,000<\/span><\/td>\n $20<\/span><\/td>\n 50<\/span><\/td>\n 277<\/span><\/td>\n $5,540<\/span><\/td>\n Ln[(5540-1000)\/4086]=10.5%<\/span><\/td>\n<\/tr>\n
5<\/span><\/td>\n $1,000<\/span><\/td>\n $15<\/span><\/td>\n 66.7<\/span><\/td>\n 343.7<\/span><\/td>\n $5,155<\/span><\/td>\n Ln[(5155-1000)\/5540]=-28.8%<\/span><\/td>\n<\/tr>\n
\u7e3d\u8a08<\/strong><\/span><\/td>\n $5,000<\/strong><\/span><\/td>\n <\/td>\n <\/td>\n 343.7<\/strong><\/span><\/td>\n <\/td>\n <\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/p>\n
<\/p>\n
\u6309\u4e0a\u8868\uff0c\u5f37\u7a4d\u91d1\u55ae\u4e00\u6295\u8cc7\u7684\u5e73\u5747\u6bcf\u671f\u56de\u5831\u70ba (33.6%+25.1%+10.5%-28.8%)\/4 = 10.1%\uff0cSTDEV(33.6%,25.1%,10.5%,-28.8%)=27.6%\uff0c\u5c0d\u6bd4\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u76840.77%\u56de\u5831\u53ca7.7%\u6ce2\u5e45\uff0c\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u7684\u56de\u5831\u8a08\u7b97\u6578\u5b57\u7d50\u679c\u660e\u986f\u8f03\u4f4e<\/strong>\u3002<\/span><\/p>\n
<\/p>\n
<\/p>\n
\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u7684\u56de\u5831\u662f\u8a08\u7b97\u671f\u521d\u624b\u6301\u8cc7\u91d1\u7684\u5168\u671f\u8b8a\u5316\uff0c\u5982\u679c\u653e\u65bc\u5f37\u7a4d\u91d1\u74b0\u5883\uff0c\u4f9b\u6b3e\u6642\u9593\u6108\u9577\uff0c\u671f\u521d\u624b\u6301\u8cc7\u91d1\u6108\u5927\uff0c\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u7684\u56de\u5831\u4fbf\u6108\u5c11<\/strong>\u3002<\/span><\/p>\n
<\/p>\n
\u800c\u771f\u6b63\u7684\u5f37\u7a4d\u91d1\u662f\u6c92\u6709\u671f\u521d\u624b\u6301\u8cc7\u91d1\uff0c\u53ea\u6709\u6309\u6bcf\u671f\u4f9b\u6b3e\u8a08\u7b97\u7576\u671f\u56de\u5831\uff0c\u518d\u53d6\u5e73\u5747\u503c\uff0c\u8207IRR\u8a08\u7b97\u7684\u7d50\u679c\u5dee\u4e0d\u591a\uff08\u4f46IRR\u65b9\u6cd5\u4e0d\u80fd\u8a08\u7b97\u51fa\u6ce2\u5e45\uff09\u3002<\/span><\/p>\n
<\/p>\n
\u65bc\u5f37\u7a4d\u91d1\u7684\u57fa\u91d1\u4fbf\u89bd\uff0c\u4ee5\u4e0b\u9762\u6ed9\u8c50\u667a\u9078\u8a08\u5283\u5167\u7684\u6052\u6307\u57fa\u91d1\u70ba\u4f8b\uff0c\u7d05\u5708<\/span>\u662f\u5c07\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u5047\u8a2d\u65bc\u5f37\u7a4d\u91d1\uff0c\u5373\u5404\u671f\u4f9b\u6b3e\u5047\u8a2d\u5df2\u65bc\u671f\u521d\u6301\u6709\uff0c\u56de\u5831\u8a08\u7b97\u51fa\u4f86\u4fbf\u5f88\u5c11\uff0c\u75312000\u5e7412\u6708\u81f32017\u5e746\u6708\u5e74\u5747\u53ea\u67093.83%\uff1b\u7da0\u5708<\/span>\u662f\u63a5\u8fd1\u5f37\u7a4d\u91d1\u6bcf\u671f\u4f9b\u6b3e\u4e0b\u7684\u5e73\u5747\u56de\u5831\uff0c\u75312000\u5e7412\u6708\u81f32017\u5e746\u6708\u5e74\u5747\u67095.48%\u3002<\/span><\/p>\n
<\/p>\n
<\/p>\n
$\"$ <\/a><\/p>\n
<\/p>\n
\n
<\/p>\n
3.\u5f37\u7a4d\u91d1\u662f\u904b\u7528\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u55ce\uff1f<\/span><\/strong><\/span><\/p>\n
<\/p>\n
<\/p>\n
\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u7684\u56de\u5831\u8a08\u7b97\u5728\u5b78\u8853\u4e0a\u540d\u70ba\u300c\u8abf\u548c\u5e73\u5747\u56de\u5831\u300d\uff08Harmonic return\uff09<\/strong>\u6216\u300c\u5012\u6578\u5e73\u5747\u56de\u5831\u300d\uff0c\u662f\u4e00\u7a2e\u7279\u6b8a\u7684\u56de\u5831\u6578\u5b57<\/span>\uff0c\u4e0d\u80fd\u8207\u5176\u4ed6\u56de\u5831\u6578\u5b57\u4f5c\u76f4\u63a5\u6bd4\u8f03\uff0c\u53ea\u61c9\u8a72\u5c07\u67d0\u4e00\u57fa\u91d1\u7684\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u56de\u5831\u8207\u53e6\u4e00\u57fa\u91d1\u7684\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u56de\u5831\u4f5c\u6bd4\u8f03\u3002\u4ee5\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u65bc\u6ed9\u8c50\u5f37\u7a4d\u91d1\u6052\u6307\u57fa\u91d1\u8a08\u7b97\u51fa\u4f86\u7684\u300c\u8abf\u548c\u5e73\u5747\u56de\u5831\u300d\u70ba3.83%\uff0c\u6b64\u6578\u5b57\u5176\u5be6\u5b8c\u5168\u6c92\u6709\u5be6\u969b\u7528\u9014<\/strong>\uff0c\u56e0\u70ba16\u5e74\u671f\u9593\u7684\u6bcf\u6708\u5f37\u7a4d\u91d1\u4f9b\u6b3e\uff0c\u4e0d\u53ef\u80fd\u5047\u8a2d\u5df2\u65bc2000\u5e7412\u6708\u521d\u5df2\u7d93\u5168\u90e8\u6301\u6709\u3002<\/span><\/p>\n
<\/p>\n
<\/p>\n
\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u7684\u6295\u8cc7\u662f\u5148\u6709\u4e00\u5927\u7562\u91d1\u9322\u518d\u5206\u6bb5\u8cb7\u5165\uff1b\u4f46\u5f37\u7a4d\u91d1\u7684\u6295\u8cc7\u662f\u6709\u9322\u5373\u8cb7\u5165<\/strong>\u3002\u5f37\u7a4d\u91d1\u6c92\u6709\u5206\u6bb5\u8cb7\u5165<\/strong>\uff0c\u53ea\u662f\u6295\u5165\u8cc7\u91d1\u7684\u6a21\u6a23\uff08pattern\uff09\uff0c\u6709\u9ede\u50cf\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u800c\u5df2\u3002<\/span><\/span><\/p>\n
<\/p>\n
\u5f62\u8c61\u5316\u4f86\u8aaa<\/span>\uff1a\u7f8e\u65af\u7a7f\u8457\u5df4\u585e10\u865f\u7403\u8863\uff0c\u65fa\u89d2\u9ea5\u82b1\u81e3\u7403\u5834\u90fd\u6709\u4eba\u7a7f\u8457\u5df4\u585e10\u865f\u7403\u8863\uff0c\u4f46\u5169\u4eba\u4e0d\u662f\u540c\u4e00\u4eba\u3002\u540c\u6a23\uff0c\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u6bcf\u6708\u8cb7\u5165$1,000\uff0c\u5f37\u7a4d\u91d1\u4f9b\u6b3e\u90fd\u662f\u6bcf\u6708\u8cb7\u5165$1,000\uff0c\u4f46\u5169\u500b\u6295\u8cc7\u65b9\u5f0f\u4e0d\u662f\u540c\u4e00\u65b9\u5f0f\uff0c\u7576\u4e2d\u56de\u5831\u53ca\u6ce2\u5e45\u7684\u8a08\u7b97\u662f\u5b8c\u5168\u4e0d\u540c\u3002<\/span><\/p>\n
<\/p>\n
<\/p>\n
\u5982\u679c\u4f60\u9084\u662f\u4e0d\u592a\u660e\u767d\uff0c\u4e0d<\/span>\u8981\u7dca\uff0c\u53ea\u8981\u77e5\u9053\u4e00\u4e8b\uff1a<\/span><\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\u5f37\u7a4d\u91d1\u4e26\u975e<\/span>\u904b\u7528\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d<\/strong><\/span><\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\u5f8c\u8a18\uff1a<\/strong><\/span><\/p>\n
<\/p>\n
\u5f37\u7a4d\u91d1\u696d\u754c\u4e0d\u65b7\u5439\u6367\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u5df2\u7d93\u4e0d\u5408\u6642\u5b9c\uff0c\u4e00\u4f86\u5f37\u7a4d\u91d1\u5df2\u7d93\u904b\u4f5c\u4e8617\u5e74\uff0c\u5404\u8a08\u5283\u6210\u54e1\u5e73\u5747\u6301\u670920\u591a\u842c\u5143\u8cc7\u7522\uff0c\u6bcf\u6708\u65b0\u4f9b\u6b3e\u7684\u5e7e\u5343\u5143\uff0c\u4e26\u4e0d\u5f71\u97ff\u7576\u6708\u6574\u9ad4\u8cc7\u7522\u7684\u56de\u5831\uff1b\u4e8c\u4f86\u4ee5\u5f80\u7d93\u5e38\u8aaa\u5f37\u7a4d\u91d1\u662f\u9577\u7dda\u6295\u8cc7\uff0c\u4e0d\u8981\u56e0\u5e02\u6cc1\u8cb7\u8cb7\u8ce3\u8ce3\uff0c17\u5e74\u4f86buy and hold\u7684\u4e0b\u5834\u53ea\u67094%\u81f35%\u56de\u5831\uff0c\u6b63\u6b63\u5c31\u662f\u9019\u7a2e\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u5f0f\u7684buy and hold\u6295\u8cc7\u601d\u7dad\u7684\u7d50\u679c\u3002<\/span><\/p>\n
<\/p>\n
\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u771f\u6b63\u7684\u904b\u7528\uff0c\u662f\u5927\u6236\u5165\u5e02\u7684\u65b9\u5f0f\u3002\u4f8b\u5982\u516c\u53f8\u9032\u884c\u5927\u984d\u80a1\u7968\u56de\u8cfc\uff0c\u904b\u7528\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u5c07\u5e7e\u5343\u842c\u6216\u5e7e\u5104\u5143\u7684\u8cc7\u91d1\u5206\u6563\u5e73\u5747\u843d\u76e4\uff0c\u5c31\u662f\u7528\u300c\u5e73\u5747\u6210\u672c\u6cd5\u300d\u7684\u6982\u5ff5\u53bb\u63a7\u5236\u6574\u9ad4\u8cb7\u5165\u50f9\uff0c\u4f46\u4e0d\u6703\u662f\u904b\u7528\u65bc\u5f37\u7a4d\u91d1\u9019\u7a2e\u6a6b\u8de845\u5e74\u7684\u6295\u8cc7\u3002<\/span><\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\u5ef6\u4f38\u95b1\u8b80<\/span><\/strong><\/p>\n
<\/p>\n
<\/p>\n
\u300c\u8abf\u548c\u5e73\u5747\u300d\uff08Harmonic mean\uff09\uff1a<\/span>http:\/\/mathworld.wolfram.com\/HarmonicMean.html<\/a><\/span><\/p>\n
<\/p>\n
\u7b97\u8853\u5e73\u5747\u3001\u5e7e\u4f55\u5e73\u5747\u8207\u8abf\u548c\u5e73\u5747\uff1a<\/span>http:\/\/economistatlarge.com\/finance\/applied-finance\/differences-arithmetic-geometric-harmonic-means<\/a><\/span><\/p>\n
<\/p>\n
\u7b97\u8853\u5e73\u5747\u8207\u5c0d\u6578\u5e73\u5747\uff1a<\/span>\u300a\u7a4d\u91d1\u5927\u53cd\u64ca\u300b\u7b2c38\u9801<\/span><\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
\u5f37\u7a4d\u91d1\u7b56\u7565\u4ea4\u6d41#14 \u2013 \u5f37\u7a4d\u91d1\u4e26\u975e\u904b\u7528\u5e73\u5747\u6210\u672c\u6cd5 \u7121\u8ad6\u7a4d\u91d1\u5c40\u6216\u4e00\u773e\u53d7\u8a17\u4eba\u71df\u8fa6\u4eba\uff0c\u904e\u5f80\u5341\u591a\u5e74\u4f86\u90fd…<\/p>\n","protected":false},"author":1,"featured_media":2147,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[4],"tags":[39,54,22,41,23,53,27],"class_list":["post-2146","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-4","tag-buy-hold","tag-position-sizing","tag-22","tag-41","tag-23","tag-53","tag-27"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.mpfdiy.com\/wp-content\/uploads\/2018\/01\/Dollar-Cost-Avg-HSBC-sample.png?fit=564%2C601&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7Tc20-yC","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/2146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/comments?post=2146"}],"version-history":[{"count":5,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/2146\/revisions"}],"predecessor-version":[{"id":3150,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/posts\/2146\/revisions\/3150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media\/2147"}],"wp:attachment":[{"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/media?parent=2146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/categories?post=2146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mpfdiy.com\/wp-json\/wp\/v2\/tags?post=2146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}