{"id":1104,"date":"2018-07-25T13:51:00","date_gmt":"2018-07-25T05:51:00","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=1104"},"modified":"2026-06-03T16:29:46","modified_gmt":"2026-06-03T08:29:46","slug":"%e5%b8%82%e5%a0%b4%e6%93%87%e6%99%82%ef%bc%8c%e8%a6%81%e8%b6%85%e9%81%8e%e9%80%99%e5%80%8b%e6%95%b8%e5%ad%97%e6%89%8d%e6%9c%83%e8%b4%8f%ef%bc%81","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=1104","title":{"rendered":"\u5e02\u5834\u64c7\u6642\uff0c\u8981\u8d85\u904e\u9019\u500b\u6578\u5b57\u624d\u6703\u8d0f\uff01"},"content":{"rendered":"\n<p>\u6211\u5011\u5927\u90e8\u5206\u7684\u4eba\u5728\u6295\u8cc7\u7684\u6642\u5019\uff0c\u7e3d\u662f\u5f88\u559c\u6b61\u627e\u51fa\u80a1\u7968\u7684\u8cb7\u8ce3\u9ede\uff0c\u8a66\u5716\u5f9e\u4e2d\u7372\u5229\uff0c\u9019\u4e5f\u5c31\u662f\u5e02\u5834\u64c7\u6642\uff08Market 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Sharpe\uff09\u65e9\u57281975\u5e74\u5c31\u767c\u8868\u4e86\u4e00\u7bc7\u8ad6\u6587Likely Gains from Market Timing\uff0c\u5167\u5bb9\u6b63\u662f\u5728\u63a2\u8a0e1929-1972\u5e74\u9593\u5e02\u5834\u64c7\u6642\u7372\u5229\u7684\u53ef\u80fd\u6027\uff0c\u4ed6\u5229\u7528\u80a1\u7968\u8207\u73fe\u91d1\u4e4b\u9593\u7684\u8f49\u63db\uff0c\u8207\u540c\u4e00\u6642\u9593\u8cb7\u9032\u6301\u6709\u4f86\u505a\u6bd4\u8f03\uff0c<strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff6800\" 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class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"563\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/1-2-2.png\" alt=\"\" class=\"wp-image-1106\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/1-2-2.png 940w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/1-2-2-300x180.png 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/1-2-2-768x460.png 768w\" sizes=\"auto, (max-width: 940px) 100vw, 940px\" \/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a<a href=\"http:\/\/www.calculatinginvestor.com\/2011\/02\/21\/market-timing\/\">The Calculating Investor<\/a><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"563\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/2-1-1.png\" alt=\"\" class=\"wp-image-1107\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/2-1-1.png 940w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/2-1-1-300x180.png 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/2-1-1-768x460.png 768w\" sizes=\"auto, (max-width: 940px) 100vw, 940px\" \/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a<a href=\"http:\/\/www.calculatinginvestor.com\/2011\/02\/21\/market-timing\/\">The Calculating Investor<\/a><\/figcaption><\/figure>\n\n\n\n<p>\u63a5\u8457\uff0c\u4f60\u53ef\u4ee5\u770b\u5230\uff0c\u7576\u6295\u8cc7\u4eba\u7684\u6e96\u78ba\u5ea6\u905470%\u6642\uff0c\u5e02\u5834\u64c7\u6642\u7684\u6295\u8cc7\u4eba\u624d\u6703\u8d0f\u904e\u8cb7\u9032\u6301\u6709\u7684\u6295\u8cc7\u4eba\uff08\u5982\u5716\u4e09\u3001\u5716\u56db\uff09\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"563\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/3-3-1.png\" alt=\"\" class=\"wp-image-1108\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/3-3-1.png 940w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/3-3-1-300x180.png 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/3-3-1-768x460.png 768w\" sizes=\"auto, (max-width: 940px) 100vw, 940px\" \/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a<a href=\"http:\/\/www.calculatinginvestor.com\/2011\/02\/21\/market-timing\/\">The Calculating Investor<\/a><\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"940\" height=\"563\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/4-1.png\" alt=\"\" class=\"wp-image-1109\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/4-1.png 940w, 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