建立你的投资组合——2022第6本

设置股票和债券的投资组合。

根据年龄来平衡组合，同时可以调整比例来控制风险。

股票选择指数基金，它基本能战胜90%多的主动型基金。

债券选择：

1. 债券选择发达工业国家的政府债券，次选择是绩优公司发行的债券。依我看来，我国的可转债可作考虑，但风险应按股票来算。债券收益越高，其风险越大。

The safest ones you can buy are first-world government bonds from high-income industrial countries. Slightly riskier bonds can be bought from strong blue-chip businesses such as Coca-Cola <www.coca-cola.com>, Wal-Mart <www.walmart.com>, and Johnson & Johnson <www.jnj.com>. Riskier bonds pay higher interest, but there’s a higher chance that they might forfeit on the loan. The higher the interest paid by a corporate bond, the higher the risk associated with it.

2. 选择1-3年的短期债券。长期债券会受通货膨胀的影响。

buying bonds with shorter maturities (such as one- to three-year bonds) is wiser than buying longer term bonds (such as 10-year bonds). If inflation rears its head, you won’t be saddled with a 10-year commitment to a certain interest rate. When a short-term bond expires, and you get your money back, you can buy another short-term bond at the higher interest rate.

3. 债券的收益通常通货膨胀率和无风险利率呈反比。

4. 如果这个听起来很复杂，就购买短期政府债券吧。它能与通货膨胀保持一致，你随时都可以卖出。

If this sounds complicated, don’t worry. You can buy a shortterm government bond index, and you never have to worry about an expiration date. It will keep pace with inflation over time, and you can sell it whenever you want. It’s easy.

5. 债券买多少：可大约等于你的年龄。也可以根据你的风险承受能力，调整比例。

A rule of thumb is that you should have a bond allocation that’s roughly equivalent to your age. Some experts suggest that it should be your age minus 10, or if you want a riskier portfolio, your age minus 20; for example, a 50-year-old would have between 30 and 50 percent of his or her investment portfolio in bonds.

短期说来，股票收益不总能超出债券收益，但长期来看，股票收益一定优于债券收益。也就是说，股票唱跌时，债券将成为你的秘密武器。

Stock returns don’t always beat bond returns over the short term, but over long periods, stocks run circles around bonds. That said, bonds could be your secret weapon when stocks hit the skids.

用平衡的投资组合痛击专业投资人Trounce the professionals with a balanced portfolio

按月投资投资你的投资组合，你可以30%投入你的债券，70%投入你的股票。

If you’re adding $200 a month to a portfolio, you could add $60 a month to a bond index ($60 is 30 percent of $200) and $140 a month ($140 is 70 percent of $200) to your stock indexes.

同时，如果当月你组织中的股票比例，大大低于你当初设置的比例，你应该将本月的钱全部投资股票；反之，投入债券。

组合再平衡

通过组合再平衡的频率一年不超过一次。但当股票市场疯狂时——下降大于等于20%时——快来抢购吧。

这种组合再平衡在大学基金和退休基金中是很常见的手法。

购买政府债券基金后，你的组合就够了。但是有许多投资者还喜欢增加国际股票基金到他们的组合当中。

After adding a government bond index to your portfolio, you really could stop right there. But many investors like having an international component to their portfolios.

如果这样的话，一个三十岁的投资组合可能是这样子的：

In that case, a 30-year-old American investor (without an upcoming pension) would have a portfolio that looked like the one.

推荐年龄和投资组合比例：

选择费用低的基金

下一步：

学会了建立组合，你每年在投资上花费的时间可能少于一小时。

Once you learn how to build indexed accounts, the time commitment you will spend on making investment decisions and transactions will be minimal. You could end up spending less than one hour a year on your investments.

女性投资收益率优于男性，大约年收益率高于男性1%。原因是女性交易频率低、喜欢低风险、回报收益率低。

Finance professors Brad Barber and Terrance Odean suggest that women’s investment returns beat men’s returns, on average, by roughly one percentage point annually because they trade less frequently, take fewer risks, and expect lower returns, according to a 2009 article by Jason Zweig in The Wall Street Journal.2 Overconfidence, it appears, might be more of a male trait than a female’s.

别单独持有股票：

I don’t believe most millionaires trade stocks. If they own any shares at all, I believe they buy and hold them for long periods much like they would if they bought a business, an apartment building, or a piece of land.

总得来说，交易越少，收益越高。

Generally, the fewer trades you make in your investment account, the more money you’ll make. Whether you’re a mutual fund manager or a personal stock picker, lower trades equate to lower costs and taxes— and generally higher returns.

9条变富法则：

1. Spend like a millionaire (or less) if you want to become rich.

2. Start investing as early as possible—after paying off credit card debt and any other high-interest loans.

3. Invest in low-cost index funds instead of actively managed funds. Nobody can consistently pick “winning” actively managed funds ahead of time.

4. Understand stock market history and psychology so you don’t fall victim to the craziness that infects every investing generation (often more than once).

5. Learn to build a complete, balanced portfolio with stock and bond index funds that will easily beat most of the pros.

6. Create indexed accounts no matter where you live.

7. Learn to fight an adviser’s sales rhetoric.

8. Avoid investment schemes and scams that tickle your greed button.

9. If you must buy common stocks, do it with a small percentage of your portfolio and pick a mentor such as Warren Buffett.

年存款22W——已积累 -2877.3元

年消费5W——已消费5141.1元

年精读36本--已完成6本