首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
When the Dow rockets 300 points or the stocks of retailers, say, get decimated, I devour the news. Here’s my admission: I’m a bu
When the Dow rockets 300 points or the stocks of retailers, say, get decimated, I devour the news. Here’s my admission: I’m a bu
admin
2013-08-05
34
问题
When the Dow rockets 300 points or the stocks of retailers, say, get decimated, I devour the news. Here’s my admission: I’m a buy-and-hold investor, and a lazy one at that. My employer prohibits us news folks to trade equities on a short-term basis, but even if it didn’t, I’d still buy and hold.
The bulk of my portfolio is in two retirement accounts, and neither stock-market gyrations nor major financial earthquakes prompt me to tweak my allocations. I simply hold a fairly routine mix of low-cost U. S. and international-stock mutual funds, plus a bond fund, and I stick to it.
Sure, the markets get volatile but I figure that, eventually, average historical returns will work in my favor. And, to my mind, stock-market trading, if you’re not spending many hours a week working on it, is little more than a guessing game.
The fact is, a buy-and-hold investor with a decently diversified portfolio should celebrate her ability to remain firm in the face of financial-news tidal waves which prompt many, less staunch, to jump in and out of investments, often at the worst possible time.
Some might say the staunch investor is akin to a passenger on the Titanic, refusing a lifeboat to safety due to misguided loyalty to the idea of "buy and hold." But as long as three prerequisites are satisfied, that investor is among the most prudent savers around: a well-diversified investment plan, invested in low-cost index funds, with a long-term outlook.
In fact, if you’re not going to be an active, pay-attention-every-day investor, setting up a simple plan and then forgetting about it may be the best retirement-savings decision you make. "What is often problematic is the middle ground People will set something up and then follow it intermittently and on a whim make changes," says John Nofsinger, associate professor of finance at Washington State University and author of "The Psychology of Investing."
Those who follow the markets tangentially but don’t take time for deeper analysis tend to buy high and sell low. If, like me, you’re not going to spend time daily on your plan, then set it and forget it.
Note that, unless you have a rock-solid pension plan from your employer and significant other assets, you’re going to need to invest Interest rates on cash simply won’t get most savers to a well-funded retirement.
What to do?
1. Create a plan. That means investing in low-cost index funds covering the U.S. stock market, perhaps 10% to 25% of your portfolio in international stock funds, plus exposure to bonds (a typical scenario is 70% or 80% in stocks and 30% or 20% in bonds), and perhaps some portion in a money-market or cash-type account. Keep in mind that your focus is not to beat the market.
2. Once your plan is in place, ignore it. "I do virtually nothing. I do less than I do for my car. There’s not even a need to change the oil," Mr. Statman says. If rebalancing worries you, don’t even do that except perhaps once every few years. And make sure you focus on getting back to your investment plan, rather than chasing the winners of the moment. "If the stock market went up that year and maybe bonds didn’t, so you take a little out of the stock market and put it in bonds to reallocate to where your targets originally were, I think that’s a good strategy," Mr. Nofsinger says.
3. Accept risk. Yes, stock-market investing is risky. But over the long haul, investors are rewarded—if they adopt a long-term outlook and diversified investment plan. "Risk is not something you want, but oftentimes risk does go hand in hand with return," says Peng Chen, chief investment officer of Ibbotson Associates, an investment research and consulting firm owned by Morningstar in Chicago. Keep in mind: Avoid this risk with money you need soon, say, in the next year or two. And remember that the more you invest in one company, sector or country, the more risk you’re taking on.
4. Stay in for the long haul. We have no idea what’s coming tomorrow, and past stock-market performance does not predict future results. But what is your alternative? Stick all your cash in a money-market account, a CD or, slightly riskier, bonds? You are not avoiding risk with this plan, simply shifting to the risk inflation will trump your return.
5. Do what you can. The investment options available through your retirement plan may not be ideal. Invest there for the employer match, but ensure diversification through an account outside your employer plan, perhaps an individual retirement account or Roth IRA.
The word "volatile" in the third paragraph means
选项
A、explosive.
B、transient.
C、unstable.
D、lively.
答案
C
解析
根据文章内容,作者即使在市场波动的情况下,还是坚持“buy-and-hold”,因此,可推断volatile意为“易变的”,C的unstable“不稳定的”与它意思接近,故选C。
转载请注明原文地址:https://jikaoti.com/ti/EFRYFFFM
0
专业英语八级
相关试题推荐
Theswingingsinglelifestyleofthestereotypeismostpossibleforurban,educatedprofessionalandtechnicalpeople.Onlythe
Theswingingsinglelifestyleofthestereotypeismostpossibleforurban,educatedprofessionalandtechnicalpeople.Onlythe
WhichofthefollowingisNOTtrueoftheU.S.A?
LearningforItsOwnSakeForme,scientificknowledgeisdividedintomathematicalsciences,naturalsciencesorsciencesd
Materialculturereferstothetouchable,material"things"--physicalobjectsthatcanbeseen,held,felt,used--thataculture
IntheUS,pollafterpollhasshownamajorityinfavourofanimalexperimentation,evenwithoutstatementsaboutitsvalue.Wh
Captain,MyCaptainiswrittenfor______.
Therearemanyacareerinwhichtheincreasingemphasisis(1)______inspecialization.Youfindthesecareersinengineering,
现时有两种不知爱“今”的人:一种是厌“今”的人,一种是乐“今”的人。厌“今”的人也有两派。一派是对于“现在”一切现象都不满足,因起一种回顾“过去”的感想。他们觉得“冷”的总是不好,古的都是好。政治、法律、道德、风俗,全是“今”不如古。此派人唯一的
SincetheTitanicvanishedbeneaththefrigidwatersoftheNorthAtlantic85yearsago,nothinginthehundredsofbooksandfi
随机试题
A.腺病毒肺炎B.金黄色葡萄球菌肺炎C.呼吸道合胞病毒肺炎D.肺炎支原体肺炎E.肺炎球菌肺炎弛张热,易合并脓胸、脓气胸
下列计划中,属于控制性进度计划的有()。
某技术方案的现金流量表中,把借款本金偿还和利息支付作为现金流出的现金流量表是()。
提出“大自然、大社会都是活教材”观点的教育家是()
(2011年真题)三个边长为1的正方形拼成如图3.29所示的图形,图中有两条线段相交的锐角为α,tanα=[]。
《世说新语》所记人物轶事起于东汉末,止于_______。
劳工法令,指的是在英国,政府通过政权强迫工人延长工作时间。直到18世纪后期到19世纪上半叶,工人每日劳动仍旧长达12、14甚至是18小时以上,远远超过当前在国内引发热议的“996”(每天工作时间达到12小时,每周工作6天),通过这种方式积累的财富属于(
(05年)设二维随机变量(X,Y)的概率密度为求:(I)(X,Y)的边缘概率密度fX(x),fY(y);(Ⅱ)Z=2X—Y的概率密度fZ(z).
Aromatherapy(芳香疗法)1Aromatherapyisaformofalternativemedicinewhichisbasedontheuseofveryconcentrated"essentia
竞争力
最新回复
(
0
)