你可能很懂理財,也可能一竅不通。以下的10個理財觀念,對任何人都可適用,掌握這些原則與方法,幫你作出正確的理財抉擇。
1. 看財經局勢,做趨勢計畫
2.不要只為了賺錢而投資
3.用情緒理財是最失敗的策略
趙夫子
2014/02/21
By Caleb Silver, Editor in Chief
& Deborah D'Souza, News Editor
Friday's Headlines
1. Global markets flat to end the week
2. Auto industry feels the virus
3. Disney offers Hong Kong land for quarantine
4. Investors have low expectations, according to survey
Image courtesy: Shi Tou / Reuters
Markets Today
European and Asian markets are flat this morning, and U.S. futures indicate a slight rise at the open on the final trading day of the week. The major U.S. indexes backed off of record highs yesterday as investors considered a sharper rise in the amount of coronavirus cases due to the inclusion of new testing methodologies to diagnose the virus. Nearly 64,000 cases have been reported by world health officials so far.
The business toll of the outbreak is now spreading to the auto sector. Tesla warned yesterday that COVID-19 could have a material impact on its business, saying, "... It is unknown whether and how global supply chains, particularly for automotive parts, may be affected if such an epidemic persists for an extended period of time." Chinese automakers are bracing for at least a 10% hit to overall sales in the next six months. More immediately, multinational companies with operations in countries where the virus has spread like Singapore and Vietnam are halting operations and sending workers home. In Hong Kong, Disneyland offered the Chinese government use of its land to establish a quarantine era. This is no fairy tale.
Welcome to Friday.
Headlines:
Image courtesy: BBC/Giphy
The Big Story
High Anxiety
Investors are fearful. If we needed more evidence of that, we got it in the form of a survey of investors that the Boston Consulting Group released this week. What's interesting is that the same survey conducted at the end of 2018 revealed nearly the exact same results. One year later, nearly one-third of the investors surveyed have a bearish, or very bearish outlook for the stock market looking three years out. Just over one third are very bullish. Remember that 2018 ended with a steep stock market correction, and 2019 ended with the S&P 500 rising nearly 30% for the year.
Survey respondents’ expectations for average annual total returns over the next three years are just 5.6%. That's markedly lower than the 10.1% annual average total return since 1926. Total return is price increases plus dividends.
What is driving these low expectations among investors? High valuation multiples remain the number-one source of concern, according to the survey. Among all respondents, 73% believe that markets are overvalued, an uptick from 67% in the 2018 survey. But the perceived downside appears to be limited: on average, investors viewed markets as being overvalued by 10%, an improvement from the average of 15% in the previous survey. That's even more peculiar given the hearty gains in the market over 2019, but investors are peculiar.
One final note, 71% of respondents anticipate a recession within the next two years, compared with 74% in the 2018 survey. And although 46% of those expect the anticipated recession to last more than one year, 74% expect it to be mild (less than a 2% contraction in real GDP) even if it is prolonged.
Image courtesy: BCG
Read more:
In honor of Black History Month in the United States, every Friday in February we'll shine the spotlight on African American pioneers in finance who fought barriers and discrimination to achieve something remarkable and open the door for future generations to participate in the industry.
Half a century ago on February 13, 1970, Joseph L. Searles III became the first black floor trader on the New York Stock Exchange (NYSE). Searles had played football for the New York Giants after graduating from law school at George Washington University. In 1967, he left football to work as an aide to New York City Mayor John Lindsay, and became Chairman and Director of the New York Mortgage Agency, which provides low-interest mortgages to low-and-middle-income first-time home-buyers.
Just a year after his debut on the floor, the NYSE admitted its first black-owned firm, Daniels & Bell, which helped underwrite securities issued by minority-owned businesses. Searles would go on to work for Manufacturers Hanover Trust, a major bank, and then at investment firm Newburger Loeb, and Co. He also worked as a deputy commissioner at the New York Economic Development Administration and as the first chairman of the 125th Business Improvement District in Harlem.
富人與窮人的時間觀
窮人為錢工作,富人讓錢為他們工作;
窮人管理金錢,富人卻善於管理時間;
富人時間不夠用,窮人不知如何殺時間。
時間在窮人手上變得一文不值,在富人手裡卻變得價值連城,
因此,窮人將會更窮,而富人也將更富。
為什麼每個人擁有的時間都一樣,但成就卻大不相同呢?你通常是花錢買時間還是賣時間賺錢?有人開車繞了半小時只為了找一個免費車位,有人花錢找人辦事讓自己可以做別的更重要的事。當時間不再只是度量衡而是有行有市可以買賣,你的時間值多少錢,你願意用多少錢買別人的時間,未來會有交易所,請先標好你的定價。
會管理時間就會管理金錢也會管理自己的人生,讓人生更精彩的關鍵就在於同樣的時間內透過規劃、分工可以做更多的事情,讓家庭、事業、婚姻、健康都能兼顧。
千萬不要讓遲到、懶惰,這些小事浪費在您寶貴時間上。
十個理財重要觀念
你可能很懂理財,也可能一竅不通。以下的10個理財觀念,對任何人都可適用,掌握這些原則與方法,幫你作出正確的理財抉擇。
1. 看財經局勢,做趨勢計畫