{"id":3940,"date":"2019-09-30T00:28:23","date_gmt":"2019-09-29T16:28:23","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=3940"},"modified":"2019-09-30T00:46:08","modified_gmt":"2019-09-29T16:46:08","slug":"%e5%bc%b7%e7%a9%8d%e9%87%91%e7%ad%96%e7%95%a5%e4%ba%a4%e6%b5%8121%ef%bc%8d%e5%85%a8%e5%a4%a9%e5%80%99%e8%b3%87%e7%94%a2%e9%85%8d%e7%bd%ae","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2019\/09\/%e5%bc%b7%e7%a9%8d%e9%87%91%e7%ad%96%e7%95%a5%e4%ba%a4%e6%b5%8121%ef%bc%8d%e5%85%a8%e5%a4%a9%e5%80%99%e8%b3%87%e7%94%a2%e9%85%8d%e7%bd%ae\/","title":{"rendered":"\u5f37\u7a4d\u91d1\u7b56\u7565\u4ea4\u6d41#21\uff0d\u5168\u5929\u5019\u8cc7\u7522\u914d\u7f6e"},"content":{"rendered":"

\u5f37\u7a4d\u91d1\u7b56\u7565\u4ea4\u6d41#21\uff0d\u5168\u5929\u5019\u8cc7\u7522\u914d\u7f6e<\/span><\/strong><\/span><\/h2>\n
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\u5168\u5929\u5019\u8cc7\u7522\u914d\u7f6e\uff08all weather portfolio\uff09<\/span>\u662fRay Dalio \u7684\u57fa\u91d1\u516c\u53f8Bridgewater\u7684\u6210\u540d\u4e4b\u4f5c\uff0c\u5148\u7c21\u8ff0\u4e00\u4e0bRay Dalio \u53caBridgewater\u3002<\/span><\/p>\n
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Bridgewater\u662f\u73fe\u6642\uff082019\u5e74\uff09\u5168\u4e16\u754c\u6700\u5927\u7684\u5c0d\u6c96\u57fa\u91d1\u516c\u53f8\u3002\u5c0d\u6c96\u57fa\u91d1\u516c\u53f8\u662f\u6307\u4f9d\u9760\u57fa\u91d1\u7d93\u7406\u500b\u4eba\u80fd\u529b\u53bb\u8cfa\u9322\u7684\u57fa\u91d1\u516c\u53f8\uff0c\u800c\u5c0d\u6c96\u57fa\u91d1\u516c\u53f8\u8cfa\u9322\u6709\u5169\u90e8\u4efd\uff1a\u65e5\u5e38\u7ba1\u7406\u8cbb\u53ca\u8868\u73fe\u8cbb\uff0c\u53732\/20\u3002\u7b2c\u4e00\u500b2\u662f\u65e5\u5e38\u7ba1\u7406\u8cbb\u662f2%\uff0c\u7b2c\u4e8c\u500b20%\u662f\u6307\u8cfa\u9322\u90e8\u4efd\u62bd\u4f6320%\uff0c\u6bd4\u5f37\u7a4d\u91d1\u7684\u6536\u8cbb\u8cb4\u5f88\u591a\u3002<\/span><\/p>\n
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\u5982\u679c\u5c0d\u6c96\u57fa\u91d1\u516c\u53f8\u8cfa\u5927\u9322\uff0c\u591a\u662f\u8cfa\u8868\u73fe\u8cbb\uff0c\u4ea6\u610f\u5473\u5176\u6240\u7ba1\u7406\u7684\u57fa\u91d1\u90fd\u8cfa\u9322\u30022018\u5e74\u5341\u5927\u6700\u8cfa\u9322\u7684\u5c0d\u6c96\u57fa\u91d1\u7d93\u7406\u898b\u4e0b\u5716\uff1a<\/a><\/span><\/p>\n
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\u53e6\u898b\u524d\u6587\uff1a\u6b77\u53f2\u56de\u61b6#8 \uff0d\u7576\u4ee3\u6700\u6709\u9322\u7684\u6578\u5b78\u5bb6<\/a><\/em><\/span><\/p>\n
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Ray Dalio\u500b\u4eba\u65bc2018\u5e74\u888b12\u5104\u7f8e\u91d1\uff0c\u6bd4\u8d77\u9999\u6e2f\u5f88\u591a\u4e0a\u5e02\u516c\u53f8\u9084\u8981\u8cfa\u5f97\u591a\u3002<\/span><\/p>\n
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Ray Dalio\u5e74\u8f15\u6642\u662f\u7528\u50b3\u7d71\u7684\u5c0d\u6c96\u57fa\u91d1\u98a8\u683c\uff0c\u5373\u662f\u5927\u91cf\u4f9d\u8cf4\u500b\u4eba\u773c\u5149\u53bb\u5224\u65b7\u8cb7\u8ce3\uff0c\u5373\u4e0b\u5716\u7684\u7b2c\u4e00\u3001\u4e8c\u968e\u6bb5\u4eba\u7269\u7279\u5fb5\u3002<\/span><\/p>\n
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\u53e6\u898b\u524d\u6587\uff1a\u7d93\u6fdf\u5546\u5b78\u9662\u7684\u8ca1\u5bcc\u5065\u5eb7\u65c5\u904a\u535a\u89bd<\/a><\/span><\/em><\/p>\n
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\u4f46Ray Dalio\u65bc33\u6b72\u6700\u610f\u6c23\u98a8\u767c\u7684\u6642\u5019\u7747\u932f\u5e02\uff0c\u96aa\u4e9b\u7834\u7522\u57f7\u7b20\u3002\u81ea\u6b64\uff0c\u4ed6\u4fbf\u812b\u96e2\u9760\u500b\u4eba\u80fd\u529b\u500b\u4eba\u611f\u89ba\u7684\u968e\u6bb5\uff0c\u9032\u800c\u4f9d\u9760\u591a\u5143\u3001\u6578\u64da\u53ca\u98a8\u96aa\u70ba\u4e3b\u7684\u6295\u8cc7\u7b56\u7565\u3002<\/span><\/p>\n
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Ray Dalio\u5c07\u4ed6\u7684\u6295\u8cc7\u7b56\u7565\u5305\u88dd\u6210\u70ba\u300e\u5168\u5929\u5019\u8cc7\u7522\u914d\u7f6e\u300f<\/strong><\/span>\uff08all weather portfolio\uff09\uff0c\u5168\u5929\u5019\u662f\u610f\u601d\u662f\u80fd\u5920\u7d93\u6b77\u5404\u7d93\u6fdf\u9031\u671f<\/span>\u3002Ray Dalio\u5c07\u7d93\u6fdf\u9031\u671f\u5206\u6210\u5169\u500b\u5411\u5c0e\uff1a\u4e00\u662f\u901a\u8139\uff0c\u4e8c\u662f\u5e02\u6cc1\uff0c\u898b\u4e0b\u5716\uff1a<\/span><\/p>\n
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\u53e6\u898b\uff1a https:\/\/www.bridgewater.com\/resources\/all-weather-story.pdf<\/a><\/span><\/p>\n
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\u5927\u5bb6\u7559\u610f\u4e0a\u5716\u76844\u5206\u6cd5\u4e0d\u662f\u6309\u8cc7\u7522\u5283\u5206\uff0c\u800c\u662f\u6309\u98a8\u96aa\u5283\u5206<\/span>\u3002\u800c\u4e14\u9664\u4e86\u80a1\u7968\u53ca\u653f\u5e9c\u50b5\u5238\u4e4b\u5916\uff0c\u9084\u6709\u4f01\u696d\u50b5\u5238\u3001\u5546\u54c1\u3001\u65b0\u8208\u5e02\u57f8\u7b49\u591a\u5143\u8cc7\u7522\u3002<\/span><\/p>\n
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\u300e\u5168\u5929\u5019\u8cc7\u7522\u914d\u7f6e\u300f<\/strong><\/span>\u5c31\u662f\u7531\u6578\u64da<\/strong>\u5224\u65b7\u51fa\u7d93\u6fdf\u9031\u671f\uff0c\u8003\u616e\u591a\u5143<\/strong>\u8cc7\u7522\uff0c\u4e26\u4e14\u6309\u98a8\u96aa<\/strong>\u5206\u914d\u6bd4\u91cd\uff0c\u7576\u4e2d\u53ef\u4ee5\u6d89\u53ca\u5c11\u5c11\u500b\u4eba\u53d6\u5411\uff0c\u662f\u4e00\u7a2e\u5e73\u8861\u5f0f\u7684\u8cc7\u7522\u914d\u7f6e\u7b56\u7565\u3002<\/span><\/p>\n
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\u300e\u5168\u5929\u5019\u8cc7\u7522\u914d\u7f6e\u300f\u65bcBridgewater<\/strong><\/span>\u7684\u5be6\u969b\u64cd\u4f5c\u7576\u7136\u662f\u5546\u696d\u79d8\u5bc6\uff0c\u5426\u5247Ray Dalio\u53caBridgewater \u5982\u4f55\u8cfa\u9019\u9ebc\u591a\u9322\u3002\u8981\u5b78\u300e\u5168\u5929\u5019\u8cc7\u7522\u914d\u7f6e\u300f<\/strong><\/span>\u7684\u5be6\u969b\u64cd\u4f5c\uff0c\u4e00\u662f\u7167\u6284Bridgewater\u7684\u57fa\u91d1\u6301\u80a1\uff08\u898b\u6b64<\/a>\uff09\uff0c\u53e6\u5916\u53ef\u4ee5\u662f\u76f4\u63a5\u554fRay Dalio\u3002<\/span><\/p>\n
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\u5440\u8302\u5440\u58fd\u554fRay Dalio\u9ede\u8cfa\u9322\uff0cRay Dalio\u776c\u4f60\u90fd\u6709\u5473\u3002\u4f46\u662f\uff0c\u6709\u4f4d\u53e3\u6c34\u4f6c\u53ebTony Robbins \uff0c\u5e7e\u5e74\u524d\u8a2a\u554f\u4e86Ray Dalio\uff08 \u898b\u6b64<\/a>\uff09\uff0cRay Dalio\u7528\u4e86\u4e00\u500b SAA<\/a>\u7684portfolio\u56de\u7b54\uff0c\u898b\u4e0b\uff1a<\/span><\/p>\n
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30% stocks<\/span><\/li>\n
40% long-term U.S. bonds<\/span><\/li>\n
15% intermediate U.S. bonds<\/span><\/li>\n
7.5% gold<\/span><\/li>\n
7.5% other commodities\u00a0<\/span><\/li>\n<\/ul>\n
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Tony Robbins \u662f\u5178\u578b\u7684\u81ea\u6211\u6a19\u699c\u70ba\u5c0f\u4eba\u7269\u5b78\u6703\u6435\u98df\u6280\u80fd\u7136\u5f8c\u8ca1\u52d9\u81ea\u7531\u540d\u6210\u5229\u5c31\u3002\u9999\u6e2f\u4e00\u5927\u5806\u8ca1\u7d93\u66f8\u6295\u8cc7\u66f8\u5fc3\u9748\u96de\u6e6f\u66f8\u7684\u4f5c\u8005\u5011\uff0c\u8207\u53cafacebook\u3001youtube\u3001whatsapp\u53ca\u8ca1\u7d93\u73ed\u5167\u7684\u5c08\u5bb6\u963fsir\uff0c\u5f88\u591a\u90fd\u662f\u6284Tony Robbins\u9019\u689dformula\u3002\u9019\u689dformula\u7684\u5957\u8def\u5143\u7d20\u5305\u62ec\uff1a\u8b93\u4e00\u5927\u5806\u8b80\u8005fans\u611f\u540c\u8eab\u53d7\uff0c\u77e5\u6211\u8005\u83ab\u82e5\u4f5c\u8005\uff0c\u4f62\u90fd\u5f97\u6211\u600e\u53ef\u80fd\u4e0d\u6210\uff0c\u7136\u5f8c\u8ffd\u661f\u822c\u8cb7\u66f8\u8cb7course\u8cb7\u8b1b\u5ea7\uff0c\u6bcf\u661f\u671f\u5514\u807d\u5514\u7747\u4ed6\u5011\u7684\u5206\u6790\u8a55\u8ad6\u5514\u5b89\u6a02\uff08\u53e6\u5916 \u898b\u6b64<\/a>\uff09\u3002<\/span><\/p>\n
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\u9019\u4e9b\u5927\u5e2b\u5011\u7684\u8ca1\u52d9\u81ea\u7531\uff0c\u5927\u591a\u9760\u51fa\u66f8\u3001\u8b1b\u5ea7\u3001\u8ab2\u7a0b\u3001\u96fb\u8996\u96fb\u53f0\u5167\u4fe1\u773e\u7684\u9999\u6cb9\u9322\u6240\u5f97\u3002\u518d\u671b\u671bRay Dalio\u53ca James Simons<\/a>\u7b49\u9760\u81ea\u5df1\u767c\u8de1\u7684\u4eba\uff0c\u4ed6\u5011\u7684\u91d1\u53e3\u4e0d\u662f\u6bcf\u661f\u671f\u90fd\u958b\u7684\u3002<\/span><\/p>\n
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Ray Dalio\u7684All Weather Portfolio\u80af\u5b9a\u4e0d\u6b62\u662f\u4e0a\u8ff0\u90a3\u500b\u7c21\u55ae\u7684SAA\uff0cBridgewater\u7684\u4e3b\u529b\u662fRisk Parity\uff0c\u5176\u64cd\u4f5c\u4e00\u5b9a\u6d89\u53ca\u52d5\u614b\u7684TAA\u6a21\u5f0f\u3002\u4f46\u9019\u500bSAA\u7248\u7684All Weather Portfolio\uff0c\u662f\u666e\u901a\u4eba\u90fd\u53ef\u99d5\u99ad\uff0c\u6bd4\u8d77 \u7562\u83f2\u7279\u7684\u6307\u6578\u5efa\u8b70<\/a>\u66f4\u6709\u5fc3\u3001\u66f4\u591a\u5143\u3001\u66f4\u98a8\u96aa\u70ba\u672c\u3002<\/span><\/p>\n
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\u7531\u65bc\u6210\u4efd\u57fa\u91d1\u7684\u7a2e\u985e\u6240\u9650\uff0c\u5f37\u7a4d\u91d1\u8907\u88fd\u4e0d\u4e86\u9019\u500bSAA\u7248\u7684All Weather Portfolio\u3002\u5982\u679c\u5c07\u5f37\u7a4d\u91d1\u8207\u5176\u4ed6\u8cc7\u7522\u5408\u8a08\u8003\u616e\uff0c\u6574\u9ad4\u5730\u8ddf\u96a8\u9019\u500bPortfolio\u4f5c\u914d\u7f6e\uff0c\u4ea6\u672a\u5617\u4e0d\u53ef\u3002\u5c24\u5176\u50cf2019\u5e74\u9019\u500b\u80a1\u50b5\u7686\u5347\u7684\u5e74\u4efd\uff0cSAA\u7684Portfolio\uff08\u4f8b\u5982\u9810\u8a2d\u6295\u8cc7\uff09\u6703\u6bd4TAA\u7684Portfolio\u66f4\u6709\u6548\u679c\uff08 \u898b\u6b64<\/a>\uff09\u3002<\/span><\/p>\n
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\u4e0b\u6587\u6703\u8a0e\u8ad6\u4e00\u4e9b\u5176\u4ed6\u5927\u8def\u7684SAA Portfolio\uff0c\u7d66\u5927\u5bb6\u591a\u4e9b\u53c3\u8003\u3002<\/span><\/p>\n
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\u5ef6\u4f38\u95b1\u8b80\uff1a<\/span><\/strong><\/p>\n
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\u518d\u770b\u770b\u4e0b\u5716\uff0c\u554f\u4e00\u554f\u81ea\u5df1\u7684\u6295\u8cc7\u53d6\u5411\u5c6c\u65bc\u90a3\u500b\u5e74\u4ee3\uff0c\u5e0c\u671b\u4e0d\u662f\u505c\u7559\u5728100\u5e74\u524d\u7684\u9078\u80a1\u5927\u5e2b\u3002\u9078\u80a1\u4e0d\u662f\u4e0d\u91cd\u8981\uff0c\u4f46\u662f\u6295\u8cc7\u7b56\u7565\u8981\u591a\u5143\u5316\uff1b\u9078\u80a1\u53ef\u4ee5\u662f\u7b56\u7565\u4e4b\u4e00\uff0c\u4f46\u4e0d\u662f\u5168\u90e8\u3002<\/span><\/p>\n
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\u4e0d\u8981\u4ee5\u70ba\u65bc\u4e0d\u540c\u884c\u696d\u9078\u5e7e\u96bb\u7576\u7d05\u589e\u9577\u80a1\u4fbf\u662fAll Weather Portfolio\uff0cAll Weather Portfolio\u662f\u5f9e\u98a8\u96aa\u51fa\u767c\uff0c\u4e0d\u662f\u5f9e\u9078\u80a1\u51fa\u767c\u3002<\/span><\/p>\n
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Image from yp.scmp.com<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
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