{"id":4631,"date":"2020-05-10T22:31:17","date_gmt":"2020-05-10T14:31:17","guid":{"rendered":"https:\/\/www.mpfdiy.com\/?p=4631"},"modified":"2021-02-15T00:28:40","modified_gmt":"2021-02-14T16:28:40","slug":"%e8%b7%9fkol%e5%ad%b8%e6%8a%95%e8%b3%871","status":"publish","type":"post","link":"https:\/\/www.mpfdiy.com\/2020\/05\/%e8%b7%9fkol%e5%ad%b8%e6%8a%95%e8%b3%871\/","title":{"rendered":"\u8ddfKOL\u5b78\u6295\u8cc7#1"},"content":{"rendered":"

\u8ddfKOL\u5b78\u6295\u8cc7#1<\/span><\/p>\n

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\u300c\u5982\u4f55\u6295\u8cc7<\/strong><\/span>\u300d\u9019\u500b\u984c\u76ee\u662f\u4eba\u751f\u5176\u4e2d\u4e00\u9805\u6700\u6838\u5fc3\u3001\u6700\u95dc\u9375\u7684\u554f\u984c\uff0c\u5982\u679c\u6c92\u6709\u6295\u8cc7\uff0c\u8b49\u660e\u4f60\u662f\u6c92\u6709\u4eba\u751f\u8a08\u5283\uff1b<\/span>\u5982\u679c\u6c92\u6709\u76c8\u9918\u53ca\u7a4d\u84c4\uff0c\u4f60\u53ea\u662f\u4e00\u500b\u9910\u63fe\u9910\u98df\u9910\u9910\u6e05\u7684\u4eba\uff0c\u5c0d\u5c07\u4f86\u6c92\u6709\u8a08\u5283\uff0c\u5373\u662f\u5c0d\u5c07\u4f86\u6c92\u6709\u76fc\u671b\uff0c\u4ea6\u662f\u5c0d\u5c07\u4f86\u6c92\u6709\u61a7\u61ac\u3002<\/span><\/p>\n

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\u597d\u7684\u6295\u8cc7\uff0c\u662f\u5728\u9032\u884c\u6295\u8cc7\u4e4b\u524d\u4fbf\u8981\u5efa\u7acb\u597d\u6295\u8cc7\u76ee\u6a19\uff0c\u6108\u9ad8\u7684\u6295\u8cc7\u76ee\u6a19\u9700\u8981\u6108\u8c50\u5bcc\u7684\u6295\u8cc7\u64cd\u4f5c\u3002\u8981\u638c\u63e1\u6295\u8cc7\u64cd\u4f5c\uff0c\u9664\u4e86\u81ea\u5df1\u4e82\u6253\u8aa4\u649e\u4e4b\u5916\uff0c\u6700\u5b89\u5168\u7684\u662f\u900f\u904e\u5b78\u7fd2<\/span>\uff0c\u5c24\u5176\u662f\u6587\u5b57\u4e0a\u66f8\u672c\u4e0a\u7684\u5b78\u7fd2\uff0c\u662f\u53e4\u4eca\u4e2d\u5916\u5168\u4eba\u985e\u5404\u9818\u57df\u7684\u6587\u660e\u505a\u6cd5\u3002<\/span><\/p>\n

 <\/p>\n

\u8fd1\u5341\u5e74\u6295\u8cc7\u7684\u5b78\u7fd2\u53ef\u4ee5\u900f\u904e\u7db2\u4e0a\u8cc7\u6599\uff0c\u5c24\u5176\u4e00\u4e9b\u4eba\u58eb\u5c07\u5176\u5fc3\u5f97\u53ca\u7d93\u9a57\u653e\u4e0ablog\uff0c\u629b\u78da\u5f15\u7389\uff0c\u8207\u5927\u773e\u8b80\u8005\u4e92\u76f8\u5207\u78cb\u3002\u672c\u6587\u5c07\u4e00\u4f4d\u7b87\u4e2d\u7684\u8868\u8868\u8005\u7684\u4e09\u7bc7\u6587\u7ae0\u5206\u4eab\uff0c\u770b\u770b\u6295\u8cc7\u9054\u4eba\u5982\u4f55\u6295\u8cc7\u3002<\/span><\/p>\n

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\u9019\u4f4d\u53c8\u5bebblog\u53c8\u6295\u8cc7\u7684\u9054\u4eba\u540d\u70baMeb Faber\uff0c\u4ed6\u6210\u540d\u4e0d\u53ea\u5728\u4ed6\u7684blog\uff0c\u4ea6\u56e0\u70ba\u4ed6\u767c\u5e03\u65bcSSRN \u7684\u6587\u7ae0\uff1aA Quantitative Approach to Tactical Asset Allocation\uff0c\u8a72\u6587\u7ae0\u662fSSRN \u5167\u4e0b\u8f09\u7b2c\u4e00<\/a>\uff0c\u898b\u524d\u6587<\/a>\uff0c\u6587\u7ae0\u5167\u5bb9\u4ea6\u662f\u300a\u7a4d\u91d1\u5927\u53cd\u64ca\u300b\u7b2c5\u62db\u79fb\u52d5\u5e73\u5747\u7b56\u7565<\/span>\u7684\u6e90\u982d\u3002Meb Faber \u91cd\u8996portfolio management\uff0c\u662f\u7b2c\u4e09\u4ee3SAA \u6295\u8cc7\u8005\u7684\u6a21\u7bc4\uff0c\u5176\u66a2\u92b7\u66f8 The Ivy Portfolio \u66f4\u662f\u6295\u8cc7\u5fc5\u8b80\u66f8\u7c4d\u4e4b\u4e00\uff0c\u5165\u9580\u521d\u54e5\u4e00\u5b9a\u8981\u5411Meb Faber\u8ddf\u7e31\u5b78\u7fd2\u3002<\/span><\/p>\n

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\"<\/a><\/p>\n

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 <\/p>\n

 <\/p>\n

2020\u5e74\u521d\uff0cMeb Faber \u5beb\u4e86\u4e09\u7bc7\u6587\u7ae0\uff0c\u4e09\u90e8\u66f2\u63cf\u8ff0\u4e86\u4ed6\u5982\u4f55\u6295\u8cc7\uff1a<\/span><\/p>\n

 <\/p>\n

The get rich portfolio<\/a> (\u81f4\u5bcc\u7684\u6295\u8cc7)<\/span><\/p>\n

The stay rich portfolio<\/a> (\u6301\u76c8\u4fdd\u6cf0\u7684\u6295\u8cc7)<\/span><\/p>\n

How I invest my money<\/a> (\u6211\u662f\u5982\u4f55\u6295\u8cc7)<\/span><\/p>\n

 <\/p>\n

\u4ee5\u4e0b\u5c0d\u9019\u4e09\u7bc7\u6587\u7ae0\u4f5c\u5c11\u5c11\u7ffb\u8b6f\u53ca\u7d9c\u5408\u8ad6\u8ff0\uff0c\u5f37\u70c8\u5efa\u8b70\u5927\u5bb6\u5982\u662f\u6709\u5fc3\u56b4\u8085\u5730\u9762\u5c0d\u81ea\u5df1\u5982\u4f55\u6295\u8cc7\u7684\u4eba\u58eb\uff0c\u4ed4\u7d30\u95b1\u8b80Meb Faber \u9019\u4e09\u7bc7\u6587\u7ae0\uff0c\u8207\u53ca\u4ed6\u5176\u4ed6\u7684\u4e00\u4e9b\u6587\u7ae0\u53ca\u66f8\u7c4d\uff0c\u4f5c\u70ba2020\u5e74\u4e0a\u534a\u5e74\u7684\u6295\u8cc7\u5b78\u7fd2\u8ab2\u7a0b\u3002(2019 \u5e74\u7684\u6295\u8cc7\u81ea\u5b78\u8ab2\u7a0b\u898b\u6b64<\/a>\uff0c\u5927\u5bb6\u5b8c\u6210\u4e86\u6c92\u6709\uff1f)<\/span><\/p>\n

 <\/p>\n

 <\/p>\n


\n

The get rich portfolio<\/strong><\/a> (\u81f4\u5bcc\u7684\u6295\u8cc7)<\/strong><\/span><\/p>\n

 <\/p>\n

 <\/p>\n

\u7531\u5187\u9322\u8b8a\u6210\u6709\u9322\uff0cMeb Faber \u8a0e\u8ad6\u4e86\u591a\u7a2e\u65b9\u6cd5\uff1a<\/span><\/p>\n

 <\/p>\n

1. \u9760\u904b\u6c23<\/span> – \u9664\u4e86\u505a\u6295\u80ce\u754cKOL\uff0c\u542b\u4f4f\u91d1\u9396\u5319\u51fa\u4e16\u4e4b\u5916\uff0c\u5c31\u53ea\u6709\u4e2d\u516d\u5408\u5f69\u540c\u5ac1\u500b\u6709\u9322\u4eba\u3002\u4e0d\u904eMeb Faber \u8a8d\u70ba\u7d71\u8a08\u4e0a\u4f86\u8aaa\uff0c\u767e\u842c\u5bcc\u7fc1\u90fd\u662f\u9760\u81ea\u5df1\u5be6\u529b\u3002<\/span><\/p>\n

 <\/p>\n

2. \u9760\u5c08\u696d\u5de5\u4f5c<\/span> – \u8b80\u66f8\u8b80\u5230\u5c08\u696d\u5c31\u4e00\u4e16\u7121\u6182\uff0c\u5f8b\u5e2b\u3001\u91ab\u5e2b\u3001\u6703\u8a08\u5e2b\u3001\u5de5\u7a0b\u5e2b\u7b49\u5c08\u696d\u8cc7\u683c\u662f\u4e0d\u5c11\u4eba\u7684\u524d\u534a\u751f\u7684\u6253\u62fc\u5c0d\u8c61\u3002\u4f46Meb Faber \u8a8d\u70ba\u904e\u7a0b\u4e2d\u6709\u5f88\u9ad8\u5b78\u8cbb\u652f\u51fa\uff0c\u800c\u4e14\u5c08\u696d\u4e4b\u9014\u9700\u8981\u5f88\u9577\u6642\u9593\u3002<\/span><\/p>\n

 <\/p>\n

3. \u7d30\u6c34\u9577\u6d41\u53ca\u8b39\u614e\u7684\u6295\u8cc7<\/span> – Meb Faber \u5c07\u6b64\u985e\u6295\u8cc7\u505a\u6cd5\u7528\u65b9\u7a0b\u5f0f<\/span>\u4ee3\u8868\uff1a<\/span><\/p>\n

 <\/p>\n

Saving +\u00a0investment\u00a0+ time = wealth<\/span><\/strong><\/p>\n

\u5132\u84c4 + \u6295\u8cc7 + \u6642\u9593 = \u8ca1\u5bcc<\/span><\/strong><\/p>\n

 <\/p>\n

\u7747\u843d\u540c\u963f\u5abd\u4fc2\u5973\u4eba\u5187\u5206\u5225\uff0c\u6240\u4ee5Meb Faber \u8a8d\u70ba\u6b64\u985e\u505a\u6cd5\u6700\u7c21\u55ae\u3001\u6700\u4e0d\u9700\u8981\u8166\u7b4b<\/span>\uff0c\u53ea\u8981\u300c\u5132\u84c4\u300d\uff0c\u6709\u300c\u5229\u6f64\u7684\u6295\u8cc7\u300d\uff0c\u8207\u53ca\u6162\u6162\u7b49\u5f85\u3002\u4e0d\u904e\uff0c\u5187\u4eba\u807d\u5f97\u5165\u8033\u3002<\/span><\/span><\/p>\n

 <\/p>\n

 <\/p>\n

4. \u96c6\u4e2d\u55ae\u4e00\u52a0\u69d3\u687f\u6295\u8cc7<\/span> – all-in<\/a> \u55ae\u4e00\u985e\u5225\u7684\u6295\u8cc7\uff0c\u52a0\u4e0a\u69d3\u687f<\/a>\uff0c\u505a\u51fa\u5f88\u5438\u5f15\u7684\u96d9\u4f4d\u6578\u5b57\u56de\u5831\uff0c\u5c31\u662f\u7b46\u8005\u5e7e\u5e74\u524d\u5e7e\u7bc7\u69d3\u687f\u6587\u7ae0\u7684\u53cd\u7701\u5167\u5bb9 (\u898b\u6b64<\/a>)\uff0c\u4ea6\u662f\u8fd1\u6708loop looop loooop \u5927\u6cd5\u5167\u9999\u6cb9\u6703\u773e\u7684\u8655\u5883\uff0c\u751a\u81f3\u662f\u7121\u8a08\u7b97\u6ce2\u5e45\u53c8\u7121\u8a08\u7b97\u81ea\u5df1\u627f\u53d7\u80fd\u529b\u53c8\u7121\u8a08\u7b97Kelly criterion<\/a> \uff0c\u5c31\u8d70\u53bb\u570d\u7210\u4e92\u6284\uff0c\u69d3\u687f\u8cb7\u50b5\u3001\u8cb7REIT\u3001 \u8cb7\u6d3e\u606f\u80a1\u7684\u6025\u529f\u8fd1\u5229\u4eba\u58eb\u00a0 (\u8a73\u898b 2017\u5e741\u6708\u8ca1\u52d9\u81ea\u7531\u7684\u8ff7\u601d<\/a>\u4e00\u6587)\u3002<\/span><\/p>\n

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 <\/p>\n

\"<\/a><\/p>\n

\"<\/a><\/p>\n

\u69d3\u687f\u8ab0\u4eba\u4e0d\u8b58\uff1f\u4f46\u53c8\u5982\u4f55\u7528\u5f97\u5176\u6240\uff1f<\/p>\n

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 <\/p>\n

Meb Faber \u554f\u81ea\u5df1\u6587\u7ae0\u7684\u8b80\u8005\uff0c\u53ef\u4ee5\u5bb9\u5fcd<\/span>\u6295\u8cc7\u4e0b\u8dcc\u591a\u5c11\uff0c\u624d\u5c0d\u57fa\u91d1\u7d93\u7406\u53ca\u6295\u8cc7\u7b56\u7565\u4e0d\u5931\u4fe1\u5fc3\uff1f\u9ad8\u56de\u5831\u4f46\u7793\u5514\u8457\uff0c\u63c0\u908a\u6a23\uff1f<\/span><\/p>\n

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5. \u6bd4\u8f03\u5feb\u7684\u81f4\u5bcc<\/span> – \u505a\u751f\u610f<\/span><\/p>\n

 <\/p>\n

Meb Faber \u8a8d\u70ba\u5de5\u4f5c\u7684\u6027\u8cea\u4e0d\u65b7\u8f49\u8b8a\uff0c\u9435\u98ef\u7897\u90fd\u6709\u6d88\u5931\u7684\u4e00\u65e5\uff0c\u5373\u4f7f\u662f\u5c08\u696d\u53ca\u6280\u8853\u884c\u696d\uff0c\u90fd\u6703\u88abA.I. \u53ca\u6a5f\u68b0\u4eba\u6240\u53d6\u4ee3\u3002<\/span><\/p>\n

 <\/p>\n

\u8209\u6295\u8cc7\u70ba\u4f8b\uff0c\u6295\u8cc7\u8005\u9700\u8981\u7372\u53d6\u5927\u91cf\u8cc7\u8a0a\uff0c\u5c07\u9019\u4e9b\u8cc7\u8a0a\u9032\u884c\u5206\u6790\u53ca\u53d6\u6368\uff0c\u4e26\u4e14\u914d\u5408\u81ea\u5df1\u7684\u8655\u5883\u53ca\u80fd\u529b\uff0c\u5f9e\u800c\u4f5c\u51fa\u660e\u667a\u53ca\u6700\u4f73\u7684\u6295\u8cc7\u64cd\u4f5c\u3002\u9019\u4e9b\u4e8b\u60c5\uff0c\u5176\u5be6\u96fb\u8166\u7684 robo advisor<\/a> \u5df2\u7d93\u505a\u5230\uff0c\u53ea\u662f\u7528\u624b\u6d17\u886b\u7684\u4eba\u5c0d\u6d17\u8863\u6a5f\u5f88\u6297\u62d2\uff0c\u71d2\u67f4\u7684\u4eba\u8a8d\u70ba\u7164\u6c23\u662f\u5371\u96aa\u53ca\u5625\u9322\uff0c\u6392\u9280\u884c\u6ac3\u53f0\u8f49\u5e33\u7684\u7adf\u7136\u8aaa\u8f49\u6578\u5feb\u5f88\u9ebb\u7169\u3002<\/span><\/p>\n

 <\/p>\n

Meb Faber \u53c8\u8a8d\u70ba\u505a\u751f\u610f\u7684\u4e0d\u4e00\u5b9a\u662f\u81ea\u5df1\u505a\uff0c\u6295\u8cc7\u65bc\u521d\u5275\u4ea6\u80fd\u4eab\u53d7\u7531\u5187\u5230\u6709\u7684\u6295\u8cc7\u589e\u9577\u3002<\/span><\/p>\n

 <\/p>\n

Riches don’t come both fast and<\/u><\/em> safely.<\/span>\u00a0 Meb Faber \u7528\u4e86\u5b58\u5728\u4e3b\u7fa9<\/a>\u5f0f\u7684\u614b\u5ea6\u53bb\u4eab\u53d7\u6295\u8cc7\u65bc\u751f\u547d\u53ca\u751f\u6d3b\u4e2d\u7684\u5b58\u5728\uff0c\u9817\u6709\uff1a\u300c\u6211\u6295\u8cc7 \u6545\u6211\u5728\u300d \u7684\u610f\u5473\u3002<\/span><\/p>\n

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\u4e0b\u6587\u7e8c<\/span><\/a><\/p>\n

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