{"id":4138,"date":"2019-12-15T20:42:39","date_gmt":"2019-12-15T12:42:39","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=4138"},"modified":"2019-12-16T07:56:47","modified_gmt":"2019-12-15T23:56:47","slug":"%e8%88%87%e6%99%82%e4%b8%a6%e9%80%b2%e7%9a%84%e6%8a%95%e8%b3%87%e7%ad%96%e7%95%a5","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2019\/12\/%e8%88%87%e6%99%82%e4%b8%a6%e9%80%b2%e7%9a%84%e6%8a%95%e8%b3%87%e7%ad%96%e7%95%a5\/","title":{"rendered":"\u8207\u6642\u4e26\u9032\u7684\u6295\u8cc7\u7b56\u7565"},"content":{"rendered":"
<\/p>\n
\u61c2\u5f97\u8db3\u7403\u7684\u88fd\u4f5c\uff0c\u8349\u576a\u7684\u990a\u690d\uff0c\u7403\u8863\u7684\u7e2b\u88fd\uff0c\u662f\u5426\u5c31\u662f\u61c2\u5f97\u8db3\u7403\u904b\u52d5\uff1f\u7576\u7136\u4e0d\u662f\u3002<\/span><\/p>\n \u5c31\u7b97\u61c2\u5f97\u63a5\u7403\u3001\u50b3\u7403\u3001\u9032\u7403\uff0c\u90fd\u4e0d\u80fd\u4ee4\u8db3\u7403\u968a\u8d0f\u6ce2\u3002<\/span><\/p>\n <\/p>\n \u540c\u6a23\u9053\u7406\uff0c\u77e5\u9053\u516c\u53f8\u7684\u71df\u904b\u3001\u7522\u54c1\u3001\u92b7\u552e\u3001\u958b\u767c\u3001\u6703\u8a08\u7b49\uff0c\u662f\u5426\u5c31\u662f\u61c2\u5f97\u80a1\u7968\u6295\u8cc7\uff1f<\/span><\/p>\n \u5c31\u7b97\u61c2\u5f97\u80a1\u7968\u3001\u50b5\u5238\u3001\u8ca8\u5e63\u7684\u5167\u5bb9\uff0c\u90fd\u4e0d\u80fd\u4ee4\u6295\u8cc7\u8d0f\u9322\u3002<\/span><\/p>\n <\/p>\n <\/p>\n \u597d\u7684\u7ba1\u7406\u662f\u6210\u529f\u6295\u8cc7\u7684\u5fc5\u8981\u689d\u4ef6\uff0c\u800c\u7b56\u7565\u5c31\u662f\u7576\u4e2d\u7684\u624b\u6bb5\u3002<\/span><\/p>\n \u597d\u7684\u7ba1\u7406\u662f\u6709\u8a08\u5283\u3001\u53ef\u57f7\u884c\u3001\u53ef\u6301\u7e8c\u7684\u3002\u4f9d\u9760\u500b\u4eba\u611f\u89ba\u53ca\u904b\u6c23\u7684\uff0c\u5f80\u5f80\u662f\u96a8\u6a5f\u6027\u3001\u4e0d\u53ef\u91cd\u8907\uff0c\u5404\u4eba\u6709\u5404\u4eba\u7684\u53cd\u61c9\u3002<\/span><\/p>\n \u9019\u985e\u4f9d\u9760\u500b\u4eba\u611f\u89ba\u7684\uff0c\u597d\u50cf\u63f8\u5927\u81bd\u8eca\u4e00\u6a23\uff0c\u98a8\u5e73\u6d6a\u975c\u7684\u6642\u5019\uff0c\u53ef\u4ee5\u81ea\u8a61\u8eca\u795e\u4e0a\u8eab\uff0c\u7121\u8996\u6cd5\u5247\uff0c\u5de6\u7a7f\u53f3\u63d2\uff0c\u597d\u4e0d\u5a01\u98a8\u3002\u597d\u904b\u7684\u6642\u5019\uff0c\u50cf\u5e0c\u81d8\u4ea6\u53ef\u4ee5\u8d0f\u6b50\u6d32\u570b\u5bb6\u676f\uff0c\u5e7e\u5e74\u5167\u53ef\u4ee5\u6191\u65fa\u5e02\u81f4\u5bcc\u3002\u7576\u4e2d\u81ea\u77e5\u662f\u4e0d\u80fd\u6301\u4e45\u7684\uff0c\u4fbf\u5f97\u4e9b\u597d\u610f\u9700\u56de\u9996\u3002<\/span><\/p>\n \u9019\u985e\u6295\u8cc7\u53d6\u614b\u662f\u975e\u5e38\u7368\u7279\u3001\u4e0d\u53ef\u8907\u88fd\uff0c\u898b\u4e0b\u5716\u6700\u5de6\u624b\u908a\uff0c\u6210\u4e16\u4eba\u6d41\u6d41\u9577\uff0c\u7e3d\u6709\u4e00\u52ab\u3002<\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n \u5f88\u591a\u4eba\u4ee5\u5df4\u83f2\u7279\u4f5c\u62db\u5fa0\uff0c\u8ddf\u5df4\u83f2\u7279\u5b78\u6295\u8cc7\uff0c\u8ddf\u5df4\u83f2\u7279\u501f\u9322\uff0c\u8ddf\u5df4\u83f2\u7279\u5b78\u9078\u80a1\u7b49\u7b49\uff0c\u8ddf\u5df4\u83f2\u7279\u6295\u8cc7<\/span>\u6c92\u6709\u554f\u984c\uff0c\u8ddf\u5df4\u83f2\u7279\u5b78\u6295\u8cc7<\/span>\u4fbf\u662f\u85e5\u77f3\u4e82\u6295\u3002<\/span><\/p>\n <\/p>\n \u8ddf\u5df4\u83f2\u7279\u6295\u8cc7<\/span>\u5f88\u7c21\u55ae\uff0c\u6284\u8db3\u5df4\u90e1\u7684\u6295\u8cc7\u4fbf\u53ef\uff1a<\/span><\/p>\n <\/p>\n https:\/\/www.gurufocus.com\/guru\/warren+buffett\/stock-picks<\/span><\/a><\/p>\n <\/p>\n Top Holdings:<\/span><\/p>\n \u00a0AAPL(25.96%)\u00a0<\/a><\/span><\/p>\n BAC(12.60%)\u00a0<\/a><\/span><\/p>\n KO(10.14%)\u00a0<\/a><\/span><\/p>\n WFC(8.89%)\u00a0<\/a><\/span><\/p>\n AXP(8.35%)<\/a><\/span><\/p>\n <\/p>\n \u860b\u679c\u3001\u7f8e\u9280\u3001\u53ef\u53e3\u53ef\u6a02\u3001\u5bcc\u570b\u3001\u904b\u901a\u7b49\u80a1\u7968\uff0c\u96a8\u6642\u90fd\u53ef\u4ee5\u8ddf\u4f4f\u8cb7\u3002\u4f46\u8981\u5b78\u70ba\u4f55\u8cb7\uff0c\u662f\u8981\u5b78\u70ba\u4f55\u8cb7\u860b\u679c\u800c\u4e0d\u662fGoogle\uff0c\u5b78\u70ba\u4f55\u662fAE \u800c\u4e0d\u662fVISA \u53ca Master\uff0c\u9019\u624d\u662f\u5b78\uff0c\u800c\u4e0d\u662f\u8ddf\u3002<\/span><\/span><\/p>\n <\/p>\n \u9999\u6e2f\u6709\u5927\u91cf\u4ec0\u9ebc\u50f9\u503c\u6295\u8cc7\uff0c\u4ec0\u9ebc\u8ddf\u5df4\u83f2\u7279\u5b78\u9078\u80a1\u7684\u8ab2\u7a0b\u3001\u66f8\u85c9\u3001\u8996\u983b\u3001\u6587\u7ae0\uff0c\u4f46\u7b46\u8005\u672a\u898b\u904e\u7576\u4e2d\u6709\u4eba\u80fd\u8b1b\u51fa\u70ba\u4f55\u5df4\u90e1\u670925%\u7684\u8cc7\u7522\u662f\u6301\u6709\u860b\u679c<\/span>\u3002\u5206\u6790\u4e00\u4e9b\u5783\u573e\u516c\u53f8\u53c8PE \u53c8\u5468\u8f49\u7387\u53c8\u4e5c\u53c8\u7269\u5c31\u597d\u50cf\u982d\u982d\u662f\u9053\uff0c\u96c4\u8faf\u6ed4\u6ed4\uff0c\u4f46\u53cd\u800c\u5c0d\u8001\u7956\u5b97\u7684\u4e3b\u696d\u53ef\u4ee5\u5b8c\u5168\u6c92\u7814\u7a76\u3002<\/span><\/p>\n <\/p>\n \u5176\u5be6\u9019\u4e9b\u4eba\u8b1b\u7684\u53ea\u662f\u666e\u901a\u7684\u8ca1\u52d9\u5206\u6790\u3001\u6703\u8a08\u5831\u8868\u3001\u7d93\u6fdf\u7406\u8ad6\uff0c\u593e\u786c\u626f\u4e0a\u5df4\u83f2\u7279\u70ba\u81ea\u5df1\u8cbc\u91d1\uff0c\u5982\u679c\u5df4\u83f2\u7279\u5462\u500b\u5927\u540d\u90fd\u5514\u5920\u7167\u7684\u8a71\uff0c\u5c31\u642c\u57cb\u8ca1\u52d9\u81ea\u7531\u3001\u98df\u606f\u9000\u4f11\u3001\u96f6\u6210\u672c\u3001\u9322\u63fe\u9322\u3001\u6536\u606f\u80a1\u3001\u7206\u5347\u80a1\u3001\u516c\u53f8\u4f30\u503c\u7b49\u7b49\uff0c\u7e3d\u6709\u4e00\u7d44\u8a5e\u8a9e\u80fd\u5920\u5438\u5f15\u5230\u5584\u773e\u4ed8\u9999\u6cb9\u9322<\/span>\u3002\u82e5\u679c\u5927\u5bb6\u771f\u662f\u8981\u5b78\u7fd2\u9019\u4e9b\u666e\u901a\u5b78\u8853\u77e5\u8b58\uff0c\u73fe\u6642\u5df2\u7d93\u6709\u4e00\u5927\u5806\u514d\u8cbb\u7db2\u4e0a\u8ab2\u7a0b<\/a>\uff0c\u7121\u8ad6\u5e2b\u8cc7\u6559\u6750\u53ca\u5167\u5bb9\u90fd\u5b8c\u52dd\u90a3\u4e9b\u53e3\u6c34talk\u3002<\/span><\/p>\n <\/p>\n \u53c8\u6216\u8005\u53ea\u8981\u82b1\u5e7e\u767e\u5143\uff0c\u8cb7\u672c\u5e2b\u7956\u7684Security Analysis \u6216\u8005 The Intelligent Investor\uff0c\u7136\u5f8c\u4e0a\u7db2\u7747\u4e0b\u5df4\u83f2\u7279\u7684\u81f4\u80a1\u6771\u4fe1\u4ef6<\/a>\uff0c\u5df2\u7d93\u662f\u8ddf\u5df4\u83f2\u7279\u5b78\u6295\u8cc7\u7684\u6700\u4f73\u9014\u5f91\u3002<\/span><\/p>\n <\/p>\n <\/p>\n \u7b46\u8005\u90fd\u597d\u559c\u6b61\u5df4\u83f2\u7279\uff0c\u5c24\u5176\u662f\u4ed6\u8f49\u5b78\u8853\u70ba\u5be6\u52d9\u7684\u80fd\u529b\uff0c\u53ef\u60dc\u4ed6\u7684\u505a\u6cd5\u662f\u9577\u671f\u89c0\u5bdf\u6d78\u6deb\u7b49\u5f85\uff0c\u53ea\u6709\u4e0a\u5497\u5cb8\u7684\u5168\u8077\u6295\u8cc7\u4eba\u58eb\uff0c\u624d\u80fd\u9577\u6642\u9593\u8b80\u5831\u89c0\u5bdf\u5206\u6790\uff0c\u624d\u80fd\u5920\u6355\u6349\u9019\u4e9b\u6a5f\u6703\u3002<\/span><\/p>\n <\/p>\n \u6211\u7b49\u6563\u6236\u4e0d\u662f\u8077\u696d\u7403\u54e1\uff0c\u53ea\u662f\u5de5\u9918\u6642\u9593\u8e22\u4e0b\u885b\u751f\u6ce2\uff0c\u4e0d\u80fd\u53ca\u4e0d\u7528\u5b78\u7f8e\u65af\u4e00\u500b\u626d\u5341\u500b\uff0c\u81ea\u5df1\u9023\u91d8\u978b\u90fd\u5187\uff0c\u5b78\u8b58\u90fd\u7528\u5514\u5230\u3002<\/span><\/p>\n \u6240\u4ee5\u7b46\u8005\u6700\u656c\u4f69John Bogle\uff0c\u4ed6\u5c07\u9ad8\u9ad8\u5728\u4e0a\u7684\u83ef\u723e\u8857\u624d\u4fca\u62c9\u56de\u6ce5\u5730\u4e0a\uff0c\u7528\u6700\u7c21\u55ae\u7684\u6307\u6578\u6295\u8cc7\u7b56\u7565\u56de\u7b54\u4e86\u6295\u8cc7\u7684\u4e09\u5927\u554f\u984c<\/span>\uff1a<\/span><\/p>\n <\/p>\n \u9ede\u89e3\u8cb7(\u5514\u8cb7) \uff1f<\/span><\/strong><\/span><\/p>\n \u5e7e\u6642\u8cb7(\u5514\u8cb7)\uff1f<\/span><\/strong><\/span><\/p>\n \u8cb7\u5e7e\u591a\uff1f<\/span><\/strong><\/span><\/p>\n <\/p>\n John Bogle \u4e5f\u662f\u5c07\u6295\u8cc7\u7406\u8ad6\u5316\u70ba\u5be6\u969b\uff0c\u5275\u5efa\u6307\u6578\u57fa\u91d1\uff0c\u4f4e\u5ec9\u5be6\u7528\uff0c\u53ca\u5f8c\u555f\u767c\u4e86ETF \u7684\u767c\u5c55\uff0c\u4ee4\u6211\u7b49\u6563\u6236\u6709\u80fd\u529b\u8207\u5c08\u5bb6\u53ca\u5927\u578b\u57fa\u91d1\u904b\u7528\u540c\u6a23\u7684\u6295\u8cc7\u5de5\u5177\uff0c\u5927\u5927\u62d3\u5c55\u4e86\u6295\u8cc7\u7684\u53ef\u80fd\u6027\u3002<\/span><\/p>\n <\/p>\n ETF \u662f\u5283\u6642\u4ee3\u7684\u6295\u8cc7\u5de5\u5177\uff0c\u6191\u611f\u89ba\u6216\u81ea\u547d\u5df4\u83f2\u7279\u4fe1\u5f92\u7684\u9078\u80a1\u5929\u624d\uff0c\u61c9\u8a72\u5c0dETF \u4e0d\u5c51\u4e00\u9867\u3002\u672c\u7ad9\u5f88\u5c11\u8a0e\u8ad6\u80a1\u7968\uff0c\u7b46\u8005\u66f4\u751a\u5c11\u5728\u8b1b\u5ea7\u3001\u8336\u805a\u53ca\u6587\u7ae0\u4e2d\u8a0e\u8ad6\u500b\u80a1\u6295\u8cc7\uff0c\u539f\u56e0\u662f\u7b46\u8005\u7684\u6295\u8cc7\u7b56\u7565\u7684\u6700\u4f73\u5de5\u5177\u662fETF\u3002<\/span><\/p>\n <\/p>\n \u5982\u679c\u6c92\u6709John Bogle\uff0cETF \u4e0d\u6703\u6709\u4eca\u6642\u4eca\u65e5\u7684\u767c\u5c55\u3002\u5e74\u5c3e\u4e00\u671b\uff0c\u4e00\u773eETF\u5df2\u7d93\u4f54\u4e86\u7b46\u8005\u7684\u4e00\u500b\u6295\u8cc7\u6236\u53e3\u8fd1\u516d\u6210\u8cc7\u7522\u3002<\/span><\/p>\n <\/p>\n <\/p>\n <\/p>\n <\/p>\n John Bogle \u53ca\u5df4\u83f2\u7279\u90fd\u63a8\u85a6buy and hold \u80a1\u7968\u57fa\u91d1\u6216ETF\uff0c \u6708\u4f9b\u76c8\u5bcc\u57fa\u91d1\u662f\u6b64\u985e\u6295\u8cc7\u7b56\u7565\u7684\u5be6\u8e10\u3002<\/span><\/p>\n <\/p>\n \u9019\u985e\u7c21\u55ae\u7b56\u7565\u5df2\u80fd\u6eff\u8db3\u4e09\u5927\u554f\u984c\uff1a<\/span><\/p>\n \u9ede\u89e3\u8cb7(\u5514\u8cb7) \uff1f<\/span><\/p>\n \u5e7e\u6642\u8cb7(\u5514\u8cb7)\uff1f<\/span><\/p>\n \u8cb7\u5e7e\u591a\uff1f<\/span><\/p>\n \u4f46\u9084\u6709\u4e00\u500b\u554f\u984c\uff0c\u5c31\u662f\u9069\u4e0d\u9069\u5408\u6211\uff1f<\/span><\/strong><\/span><\/p>\n <\/p>\n \u6b63\u5e38\u4eba\u6703\u8aaa\uff0c\u8cfa\u9322\u4e5f\u6709\u9069\u5408\u4e0d\u9069\u5408\u7684\u55ce\uff1f\u53ea\u8981\u6709\u9322\u8cfa\u5c31\u53bb\u505a\uff0c\u662f\u6230\u5f8c\u767e\u5ee2\u5f85\u8208\u6216\u8d70\u96e3\u4f86\u6e2f\u7684\u5b30\u5152\u6f6e\u4eba\u5011\u7684\u60f3\u6cd5\u3002\u4f46\u662f\uff0c\u5c0d\u65b0\u4e16\u4ee3\u4eba\u58eb\u4f86\u8aaa\uff0c\u500b\u4eba\u5316\u53ca\u9069\u5207\u6027\u66f4\u70ba\u91cd\u8981\u3002\u56e0\u800c\u5f15\u4f38\u51fa<\/span>\u500b\u4eba\u98a8\u96aa\u627f\u53d7\u80fd\u529b<\/span><\/a>\u3001\u8a8d\u8b58\u81ea\u5df1<\/a>\u3001\u6295\u8cc7\u5fc3\u7406<\/a>\u7b49\u554f\u984c\uff0c\u751a\u81f3\u662f\u4ee5\u300c\u9069\u4e0d\u9069\u5408\u6211\uff1f\u300d\u70ba\u6295\u8cc7\u9996\u5148\u8003\u616e\u7684\u554f\u984c\uff0c\u7136\u5f8c\u624d\u8003\u616e\u9ede\u89e3\u8cb7\uff1f\u5e7e\u6642\u8cb7\uff1f\u8cb7\u5e7e\u591a\uff1f<\/span><\/p>\n <\/p>\n <\/p>\n
\n<\/a><\/p>\n
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