{"id":1394,"date":"2020-03-17T16:00:00","date_gmt":"2020-03-17T08:00:00","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=1394"},"modified":"2026-10-27T10:10:33","modified_gmt":"2026-10-27T02:10:33","slug":"%e5%a6%82%e6%9e%9c%e4%bd%a0%e5%9c%a8%e8%82%a1%e5%b8%82%e4%b8%8b%e8%b7%8c%e6%99%82%e8%84%ab%e6%89%8b%e8%82%a1%e7%a5%a8%e6%8f%9b%e7%8f%be%e9%87%91%ef%bc%8c%e4%bd%a0%e6%9c%83%e5%9b%a0%e6%ad%a4%e4%bb%98","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=1394","title":{"rendered":"\u80a1\u5e02\u5927\u8dcc\u600e\u9ebc\u8fa6\uff1f\u8a72\u4e0d\u8a72\u8ce3\u3001\u8981\u4e0d\u8981\u52a0\u78bc\uff0c\u5148\u7b97\u9019\u4e09\u4ef6\u4e8b"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u80a1\u5e02\u53c8\u8dcc\u4e86\uff0c\u8981\u4e0d\u8981\u5148\u8ce3\uff1f<\/p>\n\n<p class=\"wp-block-paragraph\">\u8dcc\u9019\u9ebc\u591a\uff0c\u662f\u4e0d\u662f\u8a72\u52a0\u78bc\uff1f<\/p>\n\n<p class=\"wp-block-paragraph\"><strong>\u80a1\u5e02\u5927\u8dcc\u6642\uff0c\u6295\u8cc7\u4eba\u6700\u5e38\u72af\u3001\u4ee3\u50f9\u4e5f\u6700\u9ad8\u7684\u932f\u8aa4\uff0c\u662f\u5728\u4f4e\u9ede\u8ce3\u51fa\u3001\u932f\u904e\u96a8\u5f8c\u7684\u53cd\u5f48\uff1b\u8a72\u4e0d\u8a72\u8ce3\uff0c\u53d6\u6c7a\u65bc\u4e09\u4ef6\u4e8b\uff1a\u9019\u7b46\u9322\u5e7e\u5e74\u5167\u8981\u7528\u3001\u76ee\u524d\u7684\u80a1\u50b5\u914d\u7f6e\u504f\u96e2\u591a\u5c11\u3001\u6709\u6c92\u6709\u69d3\u687f\u6216\u904e\u5ea6\u96c6\u4e2d\uff1b\u6307\u6578\u9019\u5e7e\u5929\u8dcc\u4e86\u591a\u5c11\uff0c\u5f71\u97ff\u6700\u5c0f\u3002<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0b\u8dcc\u672c\u8eab\u662f\u5e38\u614b\uff0cS&amp;P 500 \u5728 1980\u20132025 \u5e74\u7684 46 \u5e74\u88e1\uff0c\u6bcf\u5e74\u5f9e\u9ad8\u9ede\u5230\u4f4e\u9ede\u5e73\u5747\u8dcc 14.2%\uff0c\u5176\u4e2d 35 \u5e74\u5168\u5e74\u4ecd\u6536\u6b63\u5831\u916c\uff0c\u53f0\u80a1\u52a0\u6b0a\u6307\u6578 1998\u20132025 \u5e74\u5e73\u5747\u6bcf\u5e74\u6700\u5927\u8dcc\u5e45 22.1%\uff0c28 \u5e74\u4e2d\u6709 20 \u5e74\u6536\u6b63<sup>[2][3]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u9019\u4e00\u6ce2\u7684\u8dcc\u5e45\u9084\u4e0d\u6df1\uff0c\u53f0\u80a1\u52a0\u6b0a\u6307\u6578 2026 \u5e74 10 \u6708 19 \u65e5\u6536 46,822.08 \u9ede\uff0c\u8ddd 10 \u6708 6 \u65e5\u9ad8\u9ede 49,822.55 \u9ede\u8dcc 6.0%\uff0cS&amp;P 500 10 \u6708 16 \u65e5\u6536 7,659.44 \u9ede\uff0c\u8ddd 10 \u6708 6 \u65e5\u9ad8\u9ede 7,818.93 \u9ede\u8dcc 2.0%<sup>[2][3]<\/sup>\uff0c\u5169\u8005\u90fd\u9084\u6c92\u5230\u300c\u4fee\u6b63\u300d\uff08\u8ddd\u9ad8\u9ede \u221210%\uff09\u7684\u7a0b\u5ea6\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6b77\u53f2\u4e0a\u8dcc\u5e45 20\u201335% \u7684 2020 \u5e74\u8207 2025 \u5e74\uff0c\u7f8e\u80a1\u5f9e\u4f4e\u9ede\u56de\u5230\u524d\u9ad8\u7d04 3\u20135 \u500b\u6708\uff0c2000 \u5e74\u8207 2008 \u5e74\u90a3\u7a2e\u8dcc\u6389\u4e94\u6210\u4e0a\u4e0b\u7684\u7a7a\u982d\uff0cS&amp;P 500 \u5f9e\u4f4e\u9ede\u56de\u5230\u524d\u9ad8\u82b1\u4e86 4 \u5e74\u4ee5\u4e0a<sup>[2]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6253\u500b\u6bd4\u65b9\uff0c\u5927\u8dcc\u50cf\u98db\u884c\u9014\u4e2d\u9047\u5230\u4e82\u6d41\uff0c\u6a5f\u8eab\u6643\u5f97\u5f88\u53b2\u5bb3\uff0c\u5b89\u5168\u5e36\u71c8\u4eae\u8d77\uff0c\u9019\u6642\u5019\u6700\u5371\u96aa\u7684\u52d5\u4f5c\uff0c\u662f\u6253\u958b\u8259\u9580\u8df3\u4e0b\u53bb\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u4f9d\u4f60\u7684\u60c5\u6cc1\u6c7a\u5b9a\uff1a\u5927\u8dcc\u6642\u8a72\u505a\u4ec0\u9ebc<\/h2>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u4f60\u7684\u60c5\u6cc1<\/th>\n<th>\u5927\u8dcc\u6642\u7684\u52d5\u4f5c<\/th>\n<th>\u7406\u7531<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>3 \u5e74\u5167\u8981\u7528\u9019\u7b46\u9322\uff08\u982d\u671f\u6b3e\u3001\u5b78\u8cbb\u3001\u660e\u5e74\u7684\u7a05\uff09<\/td>\n<td>\u628a\u8981\u7528\u7684\u91d1\u984d\u79fb\u5230\u5b58\u6b3e\u6216\u77ed\u671f\u50b5\u5238\uff0c\u5206 2\u20133 \u6b21\u79fb<\/td>\n<td>\u7f8e\u80a1 2022 \u5e74\u542b\u606f\u8dcc 24.5%\uff0c\u5f9e\u9ad8\u9ede\u5230\u56de\u5230\u524d\u9ad8\u7d04 23 \u500b\u6708\uff1b2000 \u5e74\u8d85\u904e 6 \u5e74<sup>[2]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u9577\u671f\u6295\u8cc7\u3001\u9084\u5728\u5b58\u9322<\/td>\n<td>\u7167\u539f\u8a08\u756b\u5b9a\u671f\u6295\u5165\uff0c\u4e0d\u505c\u6263<\/td>\n<td>\u540c\u6a23\u91d1\u984d\u8cb7\u5230\u66f4\u591a\u55ae\u4f4d\uff1b\u932f\u904e\u53cd\u5f48\u7684\u4ee3\u50f9\u5927\u65bc\u591a\u8dcc\u4e00\u6bb5<\/td>\n<\/tr>\n<tr>\n<td>\u5df2\u9000\u4f11\u3001\u9760\u6295\u8cc7\u63d0\u9818\u751f\u6d3b\u8cbb<\/td>\n<td>\u5148\u5f9e\u50b5\u5238\u6216\u73fe\u91d1\u90e8\u4f4d\u63d0\u9818\uff0c\u66ab\u7de9\u8ce3\u80a1\uff1b\u5fc5\u8981\u6642\u5c11\u9818\u4e00\u9ede<\/td>\n<td>\u9000\u4f11\u521d\u671f\u9047\u5230\u5927\u8dcc\u53c8\u8ce3\u80a1\uff0c\u5831\u916c\u9806\u5e8f\u98a8\u96aa\u6703\u88ab\u653e\u5927<\/td>\n<\/tr>\n<tr>\n<td>\u55ae\u62bc\u500b\u80a1\u6216\u71b1\u9580\u4e3b\u984c<\/td>\n<td>\u628a\u96c6\u4e2d\u90e8\u4f4d\u5206\u6279\u63db\u6210\u5206\u6563\u7684\u914d\u7f6e\uff0c\u4e0d\u5fc5\u5168\u90e8\u63db\u73fe\u91d1<\/td>\n<td>\u6307\u6578\u6703\u9760\u6210\u5206\u80a1\u6c70\u63db\u56de\u5230\u524d\u9ad8\uff0c\u55ae\u4e00\u500b\u80a1\u8207\u4e3b\u984c\u4e0d\u4e00\u5b9a<\/td>\n<\/tr>\n<tr>\n<td>\u7528\u878d\u8cc7\u3001\u8cea\u62bc\u6216\u69d3\u687f ETF<\/td>\n<td>\u5148\u7b97\u8ffd\u7e73\u9ede\uff0c\u628a\u69d3\u687f\u964d\u5230\u518d\u8dcc 30% \u4e5f\u4e0d\u6703\u88ab\u8ffd\u7e73<\/td>\n<td>\u88ab\u8feb\u8ce3\u51fa\u6703\u628a\u5e33\u9762\u640d\u5931\u8b8a\u6210\u5be6\u969b\u640d\u5931\uff0c\u7b49\u4e0d\u5230\u53cd\u5f48<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/1394_\u5927\u8dcc\u6642\u7684\u5224\u65b7\u9806\u5e8f.png\" alt=\"\u6d41\u7a0b\u5716\uff1a\u5927\u8dcc\u6642\u4f9d\u5e8f\u554f\u56db\u500b\u554f\u984c\uff0c\u9019\u7b46\u9322 3 \u5e74\u5167\u8981\u7528\u3001\u6709\u6c92\u6709\u878d\u8cc7\u6216\u69d3\u687f\u3001\u662f\u5426\u55ae\u62bc\u500b\u80a1\u6216\u4e3b\u984c\u3001\u662f\u5426\u5df2\u9000\u4f11\u9760\u63d0\u9818\uff0c\u7b2c\u4e00\u500b\u300c\u662f\u300d\u5c0d\u61c9\u8a72\u5148\u505a\u7684\u4e8b\uff0c\u90fd\u4e0d\u662f\u5c31\u7167\u539f\u8a08\u756b\u6295\u5165\u4e26\u518d\u5e73\u8861\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u6574\u7406<\/figcaption><\/figure>\n\n<p class=\"wp-block-paragraph\">\u76ee\u9304\uff1a<a href=\"#\u80a1\u5e02\u5927\u8dcc\u8a72\u8ce3\u80a1\u7968\u55ce\u4f9d\u9019\u7b46\u9322\u7684\u7528\u9014\u5206\u4e94\u7a2e\u60c5\u6cc1\">\u4e94\u7a2e\u60c5\u6cc1<\/a>\uff5c<a href=\"#\u8ce3\u6389\u518d\u8cb7\u56de\u4f86\u8981\u4ed8\u591a\u5c11\u4ee3\u50f9\u932f\u904e\u6700\u597d\u7684-10-\u5929\">\u932f\u904e\u6700\u597d\u7684 10 \u5929<\/a>\uff5c<a href=\"#\u80a1\u5e02\u5927\u8dcc\u8981\u52a0\u78bc\u55ce\u7528\u518d\u5e73\u8861\u7b97\u51fa\u8a72\u8cb7\u591a\u5c11\">\u8981\u4e0d\u8981\u52a0\u78bc<\/a>\uff5c<a href=\"#\u80a1\u5e02\u5927\u8dcc\u5f8c\u591a\u4e45\u56de\u672c\u53f0\u80a1\u8207\u7f8e\u80a1\u6b77\u6b21\u5927\u8dcc\u6642\u9593\u8868\">\u591a\u4e45\u56de\u672c<\/a>\uff5c<a href=\"#\u5e38\u898b\u554f\u984c\">\u5e38\u898b\u554f\u984c<\/a>\uff5c\u60f3\u5148\u4e86\u89e3\u80a1\u707d\u600e\u9ebc\u767c\u751f\uff0c\u53ef\u8b80<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=2236\">1987 \u5e74\u9ed1\u8272\u661f\u671f\u4e00<\/a><\/p>\n\n<h2 class=\"wp-block-heading\">\u80a1\u5e02\u5927\u8dcc\u8a72\u8ce3\u80a1\u7968\u55ce\uff1f\u4f9d\u9019\u7b46\u9322\u7684\u7528\u9014\u5206\u4e94\u7a2e\u60c5\u6cc1<\/h2>\n\n<p class=\"wp-block-paragraph\">\u540c\u4e00\u5929\u7684\u5927\u8dcc\uff0c\u5c0d\u8981\u7528\u9322\u7684\u4eba\u548c\u9084\u5728\u5b58\u9322\u7684\u4eba\u662f\u5169\u4ef6\u4e0d\u540c\u7684\u4e8b\uff0c\u5148\u5224\u65b7\u81ea\u5df1\u5c6c\u65bc\u54ea\u4e00\u7a2e\uff0c\u518d\u6c7a\u5b9a\u52d5\u4f5c\uff08\u540c\u4e00\u67b6\u98db\u6a5f\u4e0a\uff0c\u6709\u4eba\u4e0b\u4e00\u7ad9\u5c31\u8981\u4e0b\u6a5f\uff0c\u6709\u4eba\u8981\u98db\u5230\u7d42\u9ede\uff09\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">3 \u5e74\u5167\u8981\u7528\u7684\u9322\uff1a\u79fb\u51fa\u80a1\u5e02\uff0c\u5206\u6279\u79fb<\/h3>\n\n<p class=\"wp-block-paragraph\">\u80a1\u7968\u5f9e\u9ad8\u9ede\u56de\u5230\u524d\u9ad8\u7684\u6642\u9593\u6c92\u6709\u4e0a\u9650\uff0cS&amp;P 500 \u7e3d\u5831\u916c\u6307\u6578\uff08\u542b\u80a1\u606f\u518d\u6295\u5165\uff092022 \u5e74 1 \u6708 3 \u65e5\u5230 10 \u6708 12 \u65e5\u8dcc 24.5%\uff0c\u5230 2023 \u5e74 12 \u6708 13 \u65e5\u624d\u56de\u5230\u524d\u9ad8\uff0c2000 \u5e74 9 \u6708\u7684\u9ad8\u9ede\uff0c\u8981\u5230 2006 \u5e74 10 \u6708\u624d\u56de\u4f86<sup>[2]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">3 \u5e74\u5167\u8981\u7528\u7684\u9322\uff0c\u4f8b\u5982\u982d\u671f\u6b3e\u3001\u5b50\u5973\u5b78\u8cbb\u3001\u660e\u5e74\u8981\u7e73\u7684\u7a05\uff0c\u4e0d\u9069\u5408\u653e\u5728\u80a1\u7968\uff0c\u5df2\u7d93\u5728\u80a1\u7968\u88e1\u7684\uff0c\u5927\u8dcc\u5f8c\u628a\u8981\u7528\u7684\u91d1\u984d\u79fb\u51fa\uff0c\u5206 2\u20133 \u6b21\u57f7\u884c\uff0c\u907f\u514d\u5168\u90e8\u8ce3\u5728\u6700\u4f4e\u7684\u90a3\u4e00\u5929\uff0c\u4e0d\u6025\u7528\u7684\u90e8\u5206\uff0c\u7167\u9577\u671f\u914d\u7f6e\u8655\u7406\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u9577\u671f\u6295\u8cc7\u3001\u9084\u5728\u5b58\u9322\uff1a\u7167\u8a08\u756b\u6295\u5165<\/h3>\n\n<p class=\"wp-block-paragraph\">\u5df4\u83f2\u7279\u5728 1997 \u5e74\u81f4\u80a1\u6771\u4fe1\u88e1\u554f\u904e\u4e00\u500b\u554f\u984c\uff0c\u4e00\u8f29\u5b50\u90fd\u8981\u8cb7\u6f22\u5821\u3001\u81ea\u5df1\u53c8\u4e0d\u990a\u725b\u7684\u4eba\uff0c\u61c9\u8a72\u5e0c\u671b\u725b\u8089\u6f32\u50f9\u9084\u662f\u8dcc\u50f9\uff1f\u672a\u4f86\u4e94\u5e74\u90fd\u6703\u6301\u7e8c\u8cb7\u80a1\u7968\u7684\u4eba\uff0c\u9053\u7406\u76f8\u540c\uff0c\u80a1\u50f9\u4e0b\u8dcc\u5c0d\u6de8\u8cb7\u65b9\u6709\u5229<sup>[7]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u9084\u5728\u7d2f\u7a4d\u8cc7\u7522\u7684\u4eba\uff0c\u5927\u8dcc\u6642\u505c\u6b62\u5b9a\u671f\u6295\u5165\uff0c\u7b49\u65bc\u653e\u68c4\u50f9\u683c\u6700\u4f4e\u7684\u90a3\u5e7e\u6b21\u8cb7\u9032\uff0c\u771f\u6b63\u8981\u8655\u7406\u7684\u662f\u6bd4\u4f8b\uff0c\u80a1\u7968\u8dcc\u6df1\u4e4b\u5f8c\uff0c\u80a1\u50b5\u6bd4\u4f8b\u6703\u504f\u96e2\u539f\u672c\u7684\u8a2d\u5b9a\uff0c\u9019\u6642\u8981\u505a\u7684\u662f\u518d\u5e73\u8861\uff0c\u4e5f\u5c31\u662f\u8b93\u504f\u96e2\u822a\u7dda\u7684\u7d44\u5408\u56de\u5230\u539f\u672c\u7684\u822a\u7dda\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">T. Rowe Price \u7528 25 \u5e74\u8cc7\u6599\u6bd4\u8f03\u4e86\u56db\u7a2e\u518d\u5e73\u8861\u65b9\u5f0f\u5728\u718a\u5e02\u671f\u9593\u7684\u6548\u679c\uff0c\u6574\u7406\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=13736\">\u5e02\u5834\u56de\u6a94\u671f\u9593\u7684\u518d\u5e73\u8861\u6548\u76ca<\/a>\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5df2\u9000\u4f11\u3001\u9760\u6295\u8cc7\u63d0\u9818\uff1a\u5148\u52d5\u50b5\u5238\u8207\u73fe\u91d1<\/h3>\n\n<p class=\"wp-block-paragraph\">\u9000\u4f11\u5f8c\u7684\u63d0\u9818\u6703\u628a\u300c\u5148\u8dcc\u300d\u7684\u50b7\u5bb3\u653e\u5927\uff0c\u5e73\u5747\u5831\u916c\u76f8\u540c\uff0c\u9000\u4f11\u982d\u5e7e\u5e74\u5148\u9047\u5230\u5927\u8dcc\u3001\u53c8\u8981\u8ce3\u80a1\u4ed8\u751f\u6d3b\u8cbb\u7684\u5e33\u6236\uff0c\u7528\u5b8c\u7684\u6642\u9593\u6703\u65e9\u5f88\u591a\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5927\u8dcc\u7684\u90a3\u4e00\u5e74\uff0c\u751f\u6d3b\u8cbb\u512a\u5148\u5f9e\u50b5\u5238\u8207\u73fe\u91d1\u90e8\u4f4d\u652f\u61c9\uff0c\u80a1\u7968\u66ab\u6642\u4e0d\u8ce3\uff0c\u8dcc\u5e45\u5f88\u6df1\u6642\uff0c\u628a\u7576\u5e74\u7684\u63d0\u9818\u984d\u66ab\u6642\u8abf\u964d\uff0c\u4e5f\u80fd\u5ef6\u9577\u8cc7\u7522\u53ef\u7528\u7684\u5e74\u6578\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u540c\u6a23\u7684\u5e73\u5747\u5831\u916c\uff0c\u5148\u8dcc\u8207\u5f8c\u8dcc\u7684\u9000\u4f11\u5e33\u6236\u5dee\u591a\u5c11\uff0c<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=137\">\u5831\u916c\u9806\u5e8f\u98a8\u96aa\u662f\u4ec0\u9ebc<\/a>\u6709 1,000 \u842c\u5143\u63d0\u9818\u7684\u8a66\u7b97\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u55ae\u62bc\u500b\u80a1\u6216\u71b1\u9580\u4e3b\u984c\uff1a\u5927\u8dcc\u662f\u964d\u4f4e\u96c6\u4e2d\u5ea6\u7684\u6642\u6a5f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u6307\u6578\u6703\u56de\u5230\u524d\u9ad8\uff0c\u662f\u56e0\u70ba\u5b83\u6703\u6c70\u63db\u6210\u5206\u80a1\uff0c\u55ae\u4e00\u500b\u80a1\u6c92\u6709\u9019\u500b\u6a5f\u5236\uff0cBessembinder \u7814\u7a76 1926\u20132016 \u5e74\u7684\u7f8e\u80a1\uff0c\u6bcf\u4e03\u6a94\u500b\u80a1\u7d04\u6709\u56db\u6a94\uff0c\u4e0a\u5e02\u671f\u9593\u7684\u7d2f\u7a4d\u5831\u916c\u4f4e\u65bc\u4e00\u500b\u6708\u671f\u7f8e\u570b\u570b\u5eab\u5238\uff0c\u6574\u500b\u80a1\u5e02\u7684\u6de8\u8ca1\u5bcc\u589e\u52a0\uff0c\u4f86\u81ea\u8868\u73fe\u6700\u597d\u7684\u7d04 4% \u516c\u53f8<sup>[8]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6240\u4ee5\u91cd\u62bc\u55ae\u4e00\u500b\u80a1\u6216\u4e3b\u984c\u7684\u4eba\uff0c\u5927\u8dcc\u6642\u8a72\u554f\u7684\u662f\u300c\u5982\u679c\u9019\u6a94\u56de\u4e0d\u4f86\uff0c\u6211\u627f\u53d7\u5f97\u4e86\u55ce\u300d\uff0c\u628a\u96c6\u4e2d\u90e8\u4f4d\u5206\u6279\u63db\u6210\u5168\u5e02\u5834\u5206\u6563\u7684\u914d\u7f6e\uff0c\u6bd4\u5168\u90e8\u63db\u6210\u73fe\u91d1\u66f4\u80fd\u4fdd\u7559\u53cd\u5f48\u7684\u6a5f\u6703\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5169\u7a2e\u98a8\u96aa\u7684\u5dee\u5225\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=1523\">\u7cfb\u7d71\u6027\u98a8\u96aa\u662f\u4ec0\u9ebc<\/a>\uff0c\u71b1\u9580\u4e3b\u984c\u57fa\u91d1\u7684\u9577\u671f\u8868\u73fe\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=1820\">\u4e3b\u984c\u578b ETF \u503c\u5f97\u8cb7\u55ce<\/a>\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u7528\u878d\u8cc7\u6216\u69d3\u687f\uff1a\u5148\u7b97\u8ffd\u7e73\u9ede<\/h3>\n\n<p class=\"wp-block-paragraph\">\u53f0\u80a1\u878d\u8cc7\u4ee5\u6574\u6236\u64d4\u4fdd\u7dad\u6301\u7387\u8a08\u7b97\uff08\u64d4\u4fdd\u54c1\u5e02\u503c \u00f7 \u878d\u8cc7\u91d1\u984d\uff09\uff0c\u4f4e\u65bc 130% \u6642\uff0c\u8b49\u5238\u5546\u65bc\u7576\u65e5\u6536\u76e4\u5f8c\u901a\u77e5\u88dc\u7e73\uff0c\u6295\u8cc7\u4eba\u6709 2 \u500b\u71df\u696d\u65e5\u88dc\u8db3\uff0c\u672a\u88dc\u8db3\u4e14\u7dad\u6301\u7387\u4ecd\u4f4e\u65bc 130%\uff0c\u5c31\u6703\u88ab\u8655\u5206\u64d4\u4fdd\u54c1<sup>[9][10]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4ee5\u878d\u8cc7\u6210\u6578\u516d\u6210\u8a66\u7b97\uff0c\u81ea\u5099 40 \u842c\u5143\u3001\u878d\u8cc7 60 \u842c\u5143\uff0c\u8cb7\u9032 100 \u842c\u5143\u7684\u80a1\u7968\uff0c\u8cb7\u9032\u6642\u7dad\u6301\u7387\u662f 100 \u00f7 60 \uff1d 166.7%\uff0c\u80a1\u7968\u5e02\u503c\u8dcc\u5230 60 \u00d7 130% \uff1d 78 \u842c\u5143\u5c31\u89f8\u767c\u8ffd\u7e73\uff0c\u4e5f\u5c31\u662f\u80a1\u50f9\u4e0b\u8dcc 22%\uff08\u7c21\u5316\u8a66\u7b97\uff0c\u672a\u8a08\u5229\u606f\u8207\u624b\u7e8c\u8cbb\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">22% \u7684\u8dcc\u5e45\uff0c\u53f0\u80a1\u5728 2020\u30012022\u30012025 \u5e74\u90fd\u8d85\u904e\u4e86<sup>[3]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u69d3\u687f\u578b ETF \u7684\u98a8\u96aa\u4f86\u81ea\u53e6\u4e00\u500b\u6a5f\u5236\uff0c\u4e5f\u5c31\u662f\u6bcf\u65e5\u91cd\u8a2d\uff0c\u6307\u6578\u8dcc 10% \u5f8c\u518d\u6f32 11.1% \u6703\u56de\u5230\u539f\u9ede\uff0c\u5169\u500d\u69d3\u687f ETF \u540c\u671f\u662f\u5148\u8dcc 20% \u518d\u6f32 22.2%\uff0c\u7d50\u679c\u662f \u22122.2%\uff0c\u4f86\u56de\u9707\u76ea\u8d8a\u4e45\uff0c\u843d\u5f8c\u8d8a\u591a\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u7528\u69d3\u687f\u7684\u4eba\uff0c\u5927\u8dcc\u6642\u512a\u5148\u8981\u505a\u7684\uff0c\u662f\u628a\u69d3\u687f\u964d\u5230\u300c\u518d\u8dcc 30% \u4e5f\u4e0d\u6703\u88ab\u8ffd\u7e73\u300d\u7684\u7a0b\u5ea6\uff0c\u4e82\u6d41\u88e1\u8d85\u8f09\u7684\u98db\u6a5f\uff0c\u6700\u5148\u6490\u4e0d\u4f4f\u3002<\/p>\n\n\n<div class=\"wp-block-group alpha-cta alpha-cta-mid alpha-cta-mind has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"border-left-color:#006ece;border-left-width:4px;background-color:#f3f7fb;padding:16px 20px\">\n<p class=\"wp-block-paragraph\"><strong>\u5f9e\u66f8\u3001\u6b77\u53f2\u8207\u5e02\u5834\u5b78\u6295\u8cc7\uff0c\u6211\u5011\u6574\u7406\u5728\u300a\u963f\u723e\u767c\u89c0\u9ede\u300b\u96fb\u5b50\u5831<\/strong><\/p>\n\n\n<div class=\"wp-block-buttons is-content-justification-left is-layout-flex wp-container-core-buttons-is-layout-7b4500cd wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/blog.roboadvisor.com.tw\/?page_id=18852#sib-form\" style=\"border-radius:50px;color:#ffffff;background-color:#006ece;border:2px solid #006ece;font-size:clamp(14px, 0.875rem + ((1vw - 3.2px) * 0.234), 17px);line-height:1.4;padding:10px 26px\" target=\"_blank\" rel=\"noopener\"><strong>\u770b\u904e\u5f80\u671f\u6578\uff0c\u8a02\u95b1\u963f\u723e\u767c\u89c0\u9ede<\/strong><\/a><\/div>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">\u8ce3\u6389\u518d\u8cb7\u56de\u4f86\u8981\u4ed8\u591a\u5c11\u4ee3\u50f9\uff1f\u932f\u904e\u6700\u597d\u7684 10 \u5929<\/h2>\n\n<p class=\"wp-block-paragraph\">\u5927\u8dcc\u6642\u8ce3\u51fa\u300c\u5148\u907f\u4e00\u4e0b\u300d\uff0c\u6700\u5927\u7684\u98a8\u96aa\u662f\u932f\u904e\u6700\u597d\u7684\u90a3\u5e7e\u5929\uff0c\u56e0\u70ba\u6700\u597d\u7684\u65e5\u5b50\u5e38\u7dca\u8ddf\u5728\u6700\u5dee\u7684\u65e5\u5b50\u5f8c\u9762\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">J.P. Morgan \u7d71\u8a08 2006\u20132025 \u5e74\uff0c1 \u842c\u7f8e\u5143\u5168\u7a0b\u6301\u6709 S&amp;P 500 \u7e3d\u5831\u916c\u6307\u6578\uff0c20 \u5e74\u5f8c\u6210\u70ba 80,619 \u7f8e\u5143\u3001\u5e74\u5316 11.0%\uff0c\u932f\u904e\u9019\u6bb5\u671f\u9593\u6f32\u5e45\u6700\u5927\u7684 10 \u5929\uff0c\u53ea\u5269 35,866 \u7f8e\u5143\u3001\u5e74\u5316 6.6%<sup>[1]<\/sup>\uff0c\u4ee5\u540c\u4e00\u6bb5\u6bcf\u65e5\u8cc7\u6599\u91cd\u7b97\uff0c\u7d50\u679c\u4e00\u81f4<sup>[2]<\/sup>\uff0c\u932f\u904e 20 \u5929\u300130 \u5929\u300140 \u5929\u7684\u5b8c\u6574\u5c0d\u7167\uff0c\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=2244\">\u80a1\u7968\u9032\u5834\u6642\u6a5f\u600e\u9ebc\u770b<\/a>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u53f0\u80a1\u7684\u843d\u5dee\u66f4\u5927\uff0c\u4ee5\u767c\u884c\u91cf\u52a0\u6b0a\u80a1\u50f9\u5831\u916c\u6307\u6578\uff08\u542b\u80a1\u606f\uff09\u8a08\u7b97 2006 \u5e74 1 \u6708 2 \u65e5\u5230 2025 \u5e74 12 \u6708 31 \u65e5\uff0c\u65b0\u53f0\u5e63 1 \u842c\u5143\u5168\u7a0b\u6301\u6709\u6210\u70ba 91,693 \u5143\u3001\u5e74\u5316 11.7%\uff0c\u932f\u904e\u6700\u597d\u7684 10 \u5929\u5269 50,492 \u5143\u3001\u5e74\u5316 8.4%\uff0c\u932f\u904e 20 \u5929\u5269 33,193 \u5143\u3001\u5e74\u5316 6.2%\uff0c\u932f\u904e 30 \u5929\u53ea\u5269 22,794 \u5143\u3001\u5e74\u5316 4.2%<sup>[3]<\/sup>\uff08\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97\uff0c\u932f\u904e\u7684\u65e5\u5b50\u4ee5\u5831\u916c 0 \u8a08\uff0c\u5047\u8a2d\u6027\u8a66\u7b97\uff0c\u672a\u8a08\u8cbb\u7528\u8207\u7a05\u8ca0\uff09\u3002<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/1394_\u932f\u904e\u6700\u597d\u768410\u5929.png\" alt=\"\u9577\u689d\u5716\uff1a2006\u20132025 \u5e74\uff0c1 \u842c\u7f8e\u5143\u5168\u7a0b\u6301\u6709 S&#038;P 500 \u6210\u70ba 80,619 \u7f8e\u5143\uff0c\u932f\u904e\u6700\u597d\u7684 10 \u5929\u53ea\u5269 35,866 \u7f8e\u5143\uff1b\u65b0\u81fa\u5e63 1 \u842c\u5143\u5168\u7a0b\u6301\u6709\u53f0\u80a1\u6210\u70ba 91,693 \u5143\uff0c\u932f\u904e 10\u300120\u300130 \u5929\u5206\u5225\u5269 50,492\u300133,193\u300122,794 \u5143\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aJ.P. Morgan Asset Management, Guide to Retirement 2026\uff1b\u81fa\u7063\u8b49\u5238\u4ea4\u6613\u6240\u767c\u884c\u91cf\u52a0\u6b0a\u80a1\u50f9\u5831\u916c\u6307\u6578\uff0c\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97<\/figcaption><\/figure>\n\n<p class=\"wp-block-paragraph\">\u9019 20 \u5e74\u88e1\uff0cS&amp;P 500 \u6700\u597d\u7684 10 \u5929\u6709 6 \u5929\u51fa\u73fe\u5728\u6700\u5dee 10 \u5929\u7684\u524d\u5f8c\u5169\u9031\u5167\uff0c2020 \u5e74 3 \u6708 12 \u65e5\u8dcc 9.5%\uff0c\u9694\u5929 3 \u6708 13 \u65e5\u5c31\u6f32 9.3%<sup>[2]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u53f0\u80a1\u540c\u671f\u6700\u597d\u7684 10 \u5929\u6709 4 \u5929\u843d\u5728\u6700\u5dee 10 \u5929\u7684\u524d\u5f8c\u5169\u9031\u5167\uff0c\u6700\u8fd1\u4e00\u6b21\u662f 2025 \u5e74 4 \u6708\uff0c4 \u6708 7 \u65e5\u8dcc 9.7%\u30014 \u6708 9 \u65e5\u518d\u8dcc 5.8%\uff0c4 \u6708 10 \u65e5\u5c31\u6f32 9.3%<sup>[3]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e82\u6d41\u548c\u6674\u7a7a\u5e38\u5e38\u53ea\u9694\u5e7e\u5206\u9418\uff0c\u8df3\u6a5f\u7684\u4eba\uff0c\u770b\u4e0d\u5230\u96f2\u5c64\u5f8c\u9762\u7684\u90a3\u4e00\u6bb5\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">2020 \u5e74 3 \u6708\uff1a\u4e09\u7a2e\u64cd\u4f5c\u7684\u7d50\u679c<\/h3>\n\n<p class=\"wp-block-paragraph\">2020 \u5e74\u75ab\u60c5\u5d29\u76e4\u662f\u6700\u8fd1\u4e00\u6b21\u5b8c\u6574\u7684\u4f8b\u5b50\uff0c\u7f8e\u80a1\u65bc 2020 \u5e74 3 \u6708 12 \u65e5\u3001\u53f0\u80a1\u65bc 3 \u6708 17 \u65e5\u6536\u76e4\u6642\uff0c\u5e74\u521d\u81f3\u4eca\u8dcc\u5e45\u9054 20%\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5e74\u521d\u6295\u5165 1 \u842c\u5143\u3001\u5168\u5e74\u6301\u6709\u4e0d\u52d5\u7684\u4eba\uff0c\u5e74\u5e95\u7f8e\u80a1 S&amp;P 500\uff08\u542b\u606f\uff09\u5831\u916c +18.4%\u3001\u53f0\u80a1\u52a0\u6b0a\uff08\u542b\u606f\uff09+27.1%\uff0c\u5728\u8667\u640d 20% \u6642\u8ce3\u51fa\u3001\u7b49\u4e86 90 \u500b\u4ea4\u6613\u65e5\u624d\u8cb7\u56de\u7684\u4eba\u5247\u662f \u221210.4% \u8207 \u22126.9%<sup>[2][3]<\/sup>\uff08\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97\uff0c\u8ce3\u51fa\u8207\u8cb7\u56de\u7686\u4ee5\u6536\u76e4\u50f9\u8a08\uff0c\u672a\u8a08\u8cbb\u7528\u8207\u7a05\u8ca0\uff0c\u8ce3\u51fa\u671f\u9593\u73fe\u91d1\u4e0d\u8a08\u5229\u606f\uff09\u3002<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/1394_2020\u5e74\u8ce3\u51fa\u518d\u8cb7\u56de\u7684\u4ee3\u50f9.png\" alt=\"\u9577\u689d\u5716\uff1a2020 \u5e74\u5168\u5e74\u5831\u916c\uff0c\u5168\u5e74\u6301\u6709\u7f8e\u80a1\uff0b18.4%\u3001\u53f0\u80a1\uff0b27.1%\uff1b\u8667\u640d 20% \u6642\u8ce3\u51fa\u300110 \u500b\u4ea4\u6613\u65e5\u5f8c\u8cb7\u56de\u964d\u5230\uff0b11.6% \u8207\uff0b23.3%\uff0c30 \u500b\u4ea4\u6613\u65e5\u5f8c\uff0b3.3% \u8207\uff0b8.9%\uff0c90 \u500b\u4ea4\u6613\u65e5\u5f8c\uff0d10.4% \u8207\uff0d6.9%\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aS&#038;P 500 \u7e3d\u5831\u916c\u6307\u6578\u3001\u81fa\u7063\u8b49\u5238\u4ea4\u6613\u6240\u52a0\u6b0a\u5831\u916c\u6307\u6578\uff0c\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97<\/figcaption><\/figure>\n\n<p class=\"wp-block-paragraph\"><strong>\u8ce3\u51fa\u5f8c\u8d8a\u665a\u56de\u4f86\uff0c\u4ee3\u50f9\u8d8a\u5927\uff1b\u7b49\u5230\u300c\u5c40\u52e2\u660e\u6717\u300d\u7684\u4eba\uff0c\u591a\u534a\u932f\u904e\u4e86\u5927\u534a\u6bb5\u53cd\u5f48<\/strong>\uff0cS&amp;P 500 \u5728 2020 \u5e74 8 \u6708 18 \u65e5\u5c31\u56de\u5230\u75ab\u60c5\u524d\u7684\u9ad8\u9ede<sup>[2]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">Dimensional \u5275\u8fa6\u4eba David Booth 2025 \u5e74\u5728\u300a\u91d1\u878d\u6642\u5831\u300b\u7684\u5c08\u6b04\u7528\u53e6\u4e00\u7d44\u6578\u5b57\u8aaa\u660e\u540c\u4e00\u4ef6\u4e8b\uff0c2000 \u5e74\u6295\u5165 1 \u842c\u7f8e\u5143\u65bc Russell 3000 \u6307\u6578\uff0c\u5230 2024 \u5e74\u5e95\u6210\u9577\u70ba 66,038 \u7f8e\u5143\uff0c\u53ea\u932f\u904e 2008 \u5e74 11 \u6708 28 \u65e5\u7d50\u675f\u3001\u8868\u73fe\u6700\u597d\u7684\u4e00\u9031\uff0c\u5269 55,114 \u7f8e\u5143\uff0c\u932f\u904e 2020 \u5e74 6 \u6708 22 \u65e5\u7d50\u675f\u3001\u8868\u73fe\u6700\u597d\u7684\u4e09\u500b\u6708\uff0c\u5269 46,554 \u7f8e\u5143<sup>[5]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4ed6\u4e5f\u5340\u5206\u4e86\u5169\u7a2e\u8abf\u6574\uff0c\u56e0\u4eba\u751f\u8b8a\u5316\u800c\u8abf\u6574\u914d\u7f6e\uff0c\u662f\u8ca1\u52d9\u898f\u5283\uff0c\u56e0\u70ba\u65b0\u805e\u800c\u51fa\u5834\uff0c\u6bd4\u8f03\u63a5\u8fd1\u8ced\u535a<sup>[5]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u932f\u904e\u53cd\u5f48\u4e0d\u53ea\u662f\u5047\u8a2d\uff0cMorningstar\u300aMind the Gap 2026\u300b\u4f30\u8a08\uff0c2016\u20132025 \u5e74\u7f8e\u570b\u5171\u540c\u57fa\u91d1\u8207 ETF \u6bcf\u5e74\u7e3d\u5831\u916c 9.9%\uff0c\u6295\u8cc7\u4eba\u5be6\u969b\u62ff\u5230\u7684\u91d1\u984d\u52a0\u6b0a\u5831\u916c\u53ea\u6709 8.7%\uff0c\u5dee\u8ddd\u7d04 1.2 \u500b\u767e\u5206\u9ede\uff089.9\u22128.7\uff1d1.2\uff09\uff0c\u4e3b\u8981\u4f86\u81ea\u8cb7\u8ce3\u7684\u6642\u9ede<sup>[4]<\/sup>\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u80a1\u5e02\u5927\u8dcc\u8981\u52a0\u78bc\u55ce\uff1f\u7528\u518d\u5e73\u8861\u7b97\u51fa\u8a72\u8cb7\u591a\u5c11<\/h2>\n\n<p class=\"wp-block-paragraph\">\u8981\u4e0d\u8981\u52a0\u78bc\u3001\u52a0\u591a\u5c11\uff0c\u7528\u76ee\u6a19\u914d\u7f6e\u7b97\uff0c\u4e0d\u7528\u731c\u5e95\u90e8\uff0c\u4ee5 100 \u842c\u5143\u3001\u80a1\u516d\u50b5\u56db\uff0860\/40\uff09\u7684\u7d44\u5408\u70ba\u4f8b\uff0c\u5927\u8dcc\u5f8c\u56de\u5230 60\/40 \u9700\u8981\u8cb7\u56de\u7684\u80a1\u7968\u91d1\u984d\uff1a<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u60c5\u5883<\/th>\n<th>\u80a1\u7968<\/th>\n<th>\u50b5\u5238<\/th>\n<th>\u7e3d\u503c<\/th>\n<th>\u80a1\u7968\u5360\u6bd4<\/th>\n<th>\u56de\u5230 60\/40 \u8981\u8cb7\u9032\u80a1\u7968<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u539f\u59cb\u914d\u7f6e<\/td>\n<td>60 \u842c<\/td>\n<td>40 \u842c<\/td>\n<td>100 \u842c<\/td>\n<td>60.0%<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<tr>\n<td>\u80a1\u7968\u8dcc 20%\u3001\u50b5\u5238\u6301\u5e73<\/td>\n<td>48 \u842c<\/td>\n<td>40 \u842c<\/td>\n<td>88 \u842c<\/td>\n<td>54.5%<\/td>\n<td>4.8 \u842c\u5143<\/td>\n<\/tr>\n<tr>\n<td>\u80a1\u7968\u8dcc 30%\u3001\u50b5\u5238\u6f32 3%<\/td>\n<td>42 \u842c<\/td>\n<td>41.2 \u842c<\/td>\n<td>83.2 \u842c<\/td>\n<td>50.5%<\/td>\n<td>7.92 \u842c\u5143<\/td>\n<\/tr>\n<tr>\n<td>\u80a1\u7968\u8dcc 20%\u3001\u50b5\u5238\u8dcc 15%\uff082022 \u5e74\u578b\u614b\uff09<\/td>\n<td>48 \u842c<\/td>\n<td>34 \u842c<\/td>\n<td>82 \u842c<\/td>\n<td>58.5%<\/td>\n<td>1.2 \u842c\u5143<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u8a66\u7b97\uff1a\u8cb7\u9032\u80a1\u7968\u7684\u8cc7\u91d1\u4f86\u81ea\u8ce3\u51fa\u50b5\u5238\uff0c\u6216\u65b0\u6295\u5165\u7684\u8cc7\u91d1\uff1b\u672a\u8a08\u4ea4\u6613\u6210\u672c\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4ee5\u80a1\u7968\u8dcc 30%\u3001\u50b5\u5238\u6f32 3% \u7684\u60c5\u5883\u70ba\u4f8b\uff0c\u518d\u5e73\u8861\u5f8c\u6301\u6709\u80a1\u7968 52.8 \u842c\u3001\u50b5\u5238 35.2 \u842c\uff0c\u5982\u679c\u80a1\u7968\u4e4b\u5f8c\u6f32 25% \u56de\u5230\u539f\u50f9\uff0c\u518d\u5e73\u8861\u7684\u7d44\u5408\u662f 101.2 \u842c\u5143\uff0c\u6c92\u6709\u518d\u5e73\u8861\u7684\u662f 100 \u842c\u5143\uff0c\u5982\u679c\u80a1\u7968\u518d\u8dcc 20%\uff0c\u518d\u5e73\u8861\u7684\u7d44\u5408\u662f 77.44 \u842c\u5143\uff0c\u6c92\u6709\u518d\u5e73\u8861\u7684\u662f 78.4 \u842c\u5143\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u518d\u5e73\u8861\u672a\u5fc5\u6bcf\u6b21\u90fd\u6bd4\u8f03\u597d\uff0c\u5b83\u7684\u4f5c\u7528\u662f\u8b93\u98a8\u96aa\u56de\u5230\u4f60\u539f\u672c\u9078\u7684\u6c34\u6e96\uff0c\u5c31\u50cf\u6309\u65e2\u5b9a\u822a\u7dda\u98db\u884c\uff0c\u76ee\u7684\u4e0d\u662f\u98db\u5f97\u6700\u5feb\uff0c\u662f\u78ba\u5b9a\u98db\u5f97\u5230\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">T. Rowe Price \u7528 1998\u20132023 \u5e74\u7684\u6efe\u52d5 10 \u5e74\u8cc7\u6599\u7814\u7a76\uff0c\u80a1\u7968 60% \u7684\u7d44\u5408\u5728\u542b\u718a\u5e02\u7684\u671f\u9593\uff0c\u4ee5 3 \u500b\u767e\u5206\u9ede\u70ba\u5bb9\u5fcd\u5340\u9593\u518d\u5e73\u8861\uff0c\u5e73\u5747\u5e74\u5316\u5831\u916c 6.48%\uff0c\u4e0d\u518d\u5e73\u8861\u70ba 6.11%<sup>[6]<\/sup>\uff0c\u7814\u7a76\u7d30\u7bc0\u8207\u56db\u7a2e\u518d\u5e73\u8861\u65b9\u5f0f\u7684\u6bd4\u8f03\uff0c\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=13736\">\u5e02\u5834\u56de\u6a94\u671f\u9593\u7684\u518d\u5e73\u8861\u6548\u76ca<\/a>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u624b\u4e0a\u6709\u4e00\u7b46\u65b0\u8cc7\u91d1\u60f3\u8d81\u5927\u8dcc\u6295\u5165\u7684\u4eba\uff0c\u4e5f\u7528\u540c\u4e00\u628a\u5c3a\uff0c\u5148\u6c7a\u5b9a\u9019\u7b46\u9322\u653e\u9032\u53bb\u4e4b\u5f8c\u7684\u80a1\u50b5\u6bd4\u4f8b\uff0c\u518d\u4e00\u6b21\u6216\u5206\u6279\u6295\u5165\uff0c\u4e00\u6b21\u6295\u5165\u8207\u5206\u6279\u6295\u5165\u7684\u5dee\u5225\uff0c\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=8077\">\u55ae\u7b46\u6295\u8cc7 vs \u5b9a\u671f\u5b9a\u984d\u54ea\u500b\u597d<\/a>\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u80a1\u5e02\u5927\u8dcc\u5f8c\u591a\u4e45\u56de\u672c\uff1f\u53f0\u80a1\u8207\u7f8e\u80a1\u6b77\u6b21\u5927\u8dcc\u6642\u9593\u8868<\/h2>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u5927\u8dcc<\/th>\n<th>\u5e02\u5834<\/th>\n<th>\u9ad8\u9ede \u2192 \u4f4e\u9ede<\/th>\n<th>\u8dcc\u5e45<\/th>\n<th>\u4f4e\u9ede\u56de\u5230\u524d\u9ad8\uff08\u50f9\u683c\u6307\u6578\uff09<\/th>\n<th>\u4f4e\u9ede\u56de\u5230\u524d\u9ad8\uff08\u542b\u606f\uff09<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1987 \u9ed1\u8272\u661f\u671f\u4e00<\/td>\n<td>\u7f8e\u80a1<\/td>\n<td>1987-08-25 \u2192 1987-12-04<\/td>\n<td>\u221233.5%<\/td>\n<td>1989-07-26\uff0c\u7d04 20 \u500b\u6708<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<tr>\n<td>2000 \u7db2\u8def\u6ce1\u6cab<\/td>\n<td>\u7f8e\u80a1<\/td>\n<td>2000-03-24 \u2192 2002-10-09<\/td>\n<td>\u221249.1%<\/td>\n<td>2007-05-30\uff0c\u7d04 4.6 \u5e74<\/td>\n<td>\u7d04 4.0 \u5e74<\/td>\n<\/tr>\n<tr>\n<td>2000 \u7db2\u8def\u6ce1\u6cab<\/td>\n<td>\u53f0\u80a1<\/td>\n<td>2000-02-17 \u2192 2001-10-03<\/td>\n<td>\u221266.2%<\/td>\n<td>2017-06-05\uff0c\u7d04 15.7 \u5e74<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<tr>\n<td>2008 \u91d1\u878d\u6d77\u562f<\/td>\n<td>\u7f8e\u80a1<\/td>\n<td>2007-10-09 \u2192 2009-03-09<\/td>\n<td>\u221256.8%<\/td>\n<td>2013-03-28\uff0c\u7d04 4.1 \u5e74<\/td>\n<td>\u7d04 3.1 \u5e74<\/td>\n<\/tr>\n<tr>\n<td>2008 \u91d1\u878d\u6d77\u562f<\/td>\n<td>\u53f0\u80a1<\/td>\n<td>2007-10-29 \u2192 2008-11-20<\/td>\n<td>\u221258.3%<\/td>\n<td>2015-04-24\uff0c\u7d04 6.4 \u5e74<\/td>\n<td>\u7d04 2.1 \u5e74<\/td>\n<\/tr>\n<tr>\n<td>2020 \u65b0\u51a0\u75ab\u60c5<\/td>\n<td>\u7f8e\u80a1<\/td>\n<td>2020-02-19 \u2192 2020-03-23<\/td>\n<td>\u221233.9%<\/td>\n<td>2020-08-18\uff0c\u7d04 5 \u500b\u6708<\/td>\n<td>\u7d04 5 \u500b\u6708<\/td>\n<\/tr>\n<tr>\n<td>2020 \u65b0\u51a0\u75ab\u60c5<\/td>\n<td>\u53f0\u80a1<\/td>\n<td>2020-01-14 \u2192 2020-03-19<\/td>\n<td>\u221228.7%<\/td>\n<td>2020-07-09\uff0c\u7d04 4 \u500b\u6708<\/td>\n<td>\u7d04 4 \u500b\u6708<\/td>\n<\/tr>\n<tr>\n<td>2022 \u5347\u606f<\/td>\n<td>\u7f8e\u80a1<\/td>\n<td>2022-01-03 \u2192 2022-10-12<\/td>\n<td>\u221225.4%<\/td>\n<td>2024-01-19\uff0c\u7d04 15 \u500b\u6708<\/td>\n<td>\u7d04 14 \u500b\u6708<\/td>\n<\/tr>\n<tr>\n<td>2022 \u5347\u606f<\/td>\n<td>\u53f0\u80a1<\/td>\n<td>2022-01-04 \u2192 2022-10-25<\/td>\n<td>\u221231.6%<\/td>\n<td>2024-02-15\uff0c\u7d04 16 \u500b\u6708<\/td>\n<td>\u7d04 9 \u500b\u6708<\/td>\n<\/tr>\n<tr>\n<td>2025 \u95dc\u7a05<\/td>\n<td>\u7f8e\u80a1<\/td>\n<td>2025-02-19 \u2192 2025-04-08<\/td>\n<td>\u221218.9%<\/td>\n<td>2025-06-27\uff0c\u7d04 3 \u500b\u6708<\/td>\n<td>\u7d04 3 \u500b\u6708<\/td>\n<\/tr>\n<tr>\n<td>2024\u201325 \u56de\u6a94\uff08\u542b\u95dc\u7a05\uff09<\/td>\n<td>\u53f0\u80a1<\/td>\n<td>2024-07-11 \u2192 2025-04-09<\/td>\n<td>\u221228.7%<\/td>\n<td>2025-08-18\uff0c\u7d04 4 \u500b\u6708<\/td>\n<td>\u7d04 4 \u500b\u6708<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u8cc7\u6599\u4f86\u6e90\uff1a\u7f8e\u80a1\u70ba S&amp;P 500 \u6307\u6578\u8207 S&amp;P 500 \u7e3d\u5831\u916c\u6307\u6578\uff081988 \u5e74\u8d77\uff09\uff1b\u53f0\u80a1\u70ba\u767c\u884c\u91cf\u52a0\u6b0a\u80a1\u50f9\u6307\u6578\u8207\u767c\u884c\u91cf\u52a0\u6b0a\u80a1\u50f9\u5831\u916c\u6307\u6578\uff082003 \u5e74\u8d77\uff09\uff1b\u7686\u4ee5\u6536\u76e4\u50f9\u8a08\uff0c\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97<sup>[2][3]<\/sup>\u3002<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/1394_\u6b77\u6b21\u5927\u8dcc\u56de\u672c\u6642\u9593.png\" alt=\"\u6a6b\u689d\u5716\uff1a\u7f8e\u80a1\u8207\u53f0\u80a1\u6b77\u6b21\u5927\u8dcc\u5f9e\u4f4e\u9ede\u56de\u5230\u524d\u9ad8\u7684\u6642\u9593\uff0c2020\u30012022\u30012025 \u5e74\u591a\u5728 3 \u5230 16 \u500b\u6708\uff0c2000 \u8207 2008 \u5e74\u8981 4 \u5e74\u4ee5\u4e0a\uff0c\u53f0\u80a1 2000 \u5e74\u7db2\u8def\u6ce1\u6cab\u7d04 15.7 \u5e74\uff1b\u542b\u606f\u8a08\u7b97\u7684\u6642\u9593\u8f03\u77ed\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aS&#038;P 500 \u8207\u7e3d\u5831\u916c\u6307\u6578\u3001\u81fa\u7063\u8b49\u5238\u4ea4\u6613\u6240\u52a0\u6b0a\u6307\u6578\u8207\u5831\u916c\u6307\u6578\uff0c\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97<\/figcaption><\/figure>\n\n<p class=\"wp-block-paragraph\"><strong>\u6bcf\u4e00\u6b21\u5927\u8dcc\u6700\u5f8c\u90fd\u56de\u5230\u4e86\u524d\u9ad8\uff0c\u5dee\u5225\u5728\u6642\u9593\uff1a\u8dcc\u4e09\u6210\u4e0a\u4e0b\u3001\u4f01\u696d\u7372\u5229\u6c92\u6709\u5d29\u58de\u7684\uff0c\u591a\u5728 3\u201316 \u500b\u6708\u5167\u56de\u4f86\uff1b\u4f34\u96a8\u6ce1\u6cab\u7834\u88c2\u6216\u91d1\u878d\u5371\u6a5f\u7684\uff0c\u542b\u606f\u4e5f\u8981 2\u20134 \u5e74\u3002<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">\u53f0\u80a1\u50f9\u683c\u6307\u6578\u4e0d\u542b\u80a1\u606f\uff0c\u53f0\u80a1\u73fe\u91d1\u6b96\u5229\u7387\u53c8\u9ad8\u65bc\u7f8e\u80a1\uff0c\u542b\u606f\u8a08\u7b97\u7684\u56de\u672c\u6642\u9593\u660e\u986f\u8f03\u77ed\uff0c2008 \u5e74\u5f9e 6.4 \u5e74\u7e2e\u77ed\u70ba\u7d04 2.1 \u5e74\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u9019\u4e5f\u662f\u300c3 \u5e74\u5167\u8981\u7528\u7684\u9322\u4e0d\u653e\u80a1\u7968\u300d\u7684\u539f\u56e0\uff0c\u6c92\u6709\u4eba\u80fd\u4e8b\u5148\u77e5\u9053\u9019\u4e00\u6b21\u662f 4 \u500b\u6708\u9084\u662f 4 \u5e74\uff0c\u6b77\u6b21\u80a1\u707d\u4e8b\u524d\u6709\u6c92\u6709\u524d\u5146\u30011987 \u5e74\u90a3\u4e00\u5929\u767c\u751f\u4e86\u4ec0\u9ebc\uff0c\u6574\u7406\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=2236\">1987 \u5e74\u9ed1\u8272\u661f\u671f\u4e00\uff1a\u80a1\u5e02\u5d29\u76e4\u524d\u5146\uff0c\u591a\u534a\u4e8b\u5f8c\u624d\u770b\u5f97\u6e05<\/a>\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u70ba\u4ec0\u9ebc\u5927\u8dcc\u6642\u5f88\u96e3\u7167\u8a08\u756b\u8d70\uff1f\u4e8b\u5148\u505a\u597d\u4e09\u4ef6\u4e8b<\/h2>\n\n<p class=\"wp-block-paragraph\">\u5927\u8dcc\u6642\u60f3\u8ce3\uff0c\u662f\u6b63\u5e38\u53cd\u61c9\uff0c\u5e33\u6236\u6bcf\u5929\u7e2e\u6c34\u3001\u65b0\u805e\u8207\u793e\u7fa4\u4e00\u7247\u60b2\u89c0\u3001\u8eab\u908a\u7684\u4eba\u7d1b\u7d1b\u505c\u640d\uff0c\u6050\u61fc\u8207\u5f9e\u773e\u6703\u4e00\u8d77\u63a8\u8457\u4eba\u505a\u6c7a\u5b9a\uff0c\u5728\u90a3\u500b\u7576\u4e0b\u9760\u610f\u5fd7\u529b\u5f88\u96e3\uff0c\u9760\u7684\u662f\u4e8b\u5148\u7684\u6e96\u5099\uff08\u98db\u884c\u54e1\u4e5f\u662f\u5728\u6a21\u64ec\u6a5f\u88e1\u628a\u7dca\u6025\u72c0\u6cc1\u7df4\u719f\uff0c\u4e0d\u662f\u7b49\u5230\u771f\u7684\u9047\u4e0a\u624d\u60f3\uff09\uff1a<\/p>\n\n<ul class=\"wp-block-list\">\n<li>\u4e8b\u5148\u5beb\u4e0b\u5927\u8dcc\u6642\u8981\u505a\u4ec0\u9ebc\uff0c\u4f8b\u5982\u300c\u80a1\u50b5\u6bd4\u4f8b\u504f\u96e2\u76ee\u6a19\u5230\u67d0\u500b\u5e45\u5ea6\u5c31\u518d\u5e73\u8861\u300d\u300c3 \u5e74\u5167\u8981\u7528\u7684\u9322\u4e0d\u653e\u80a1\u7968\u300d\uff0c\u51b7\u975c\u6642\u5beb\u597d\u7684\u898f\u5247\uff0c\u6bd4\u81e8\u5834\u5224\u65b7\u53ef\u9760\uff0c\u9019\u7a2e\u505a\u6cd5\u53eb\u5c24\u5229\u897f\u65af\u5408\u7d04\uff0c<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=16617\">\u5f9e\u96fb\u5f71\u300a\u5967\u5fb7\u8cfd\u300b\u770b\u6295\u8cc7\u8207\u4eba\u751f\u7684\u5c24\u5229\u897f\u65af\u5408\u7d04<\/a>\u7528\u4e00\u500b\u6545\u4e8b\u8aaa\u660e<\/li>\n<li>\u6e1b\u5c11\u770b\u76e4\u8207\u8ca1\u7d93\u65b0\u805e\u7684\u6b21\u6578\uff0c\u770b\u5f97\u8d8a\u983b\u7e41\uff0c\u8d8a\u5bb9\u6613\u628a\u6bcf\u5929\u7684\u6ce2\u52d5\u7576\u6210\u9700\u8981\u56de\u61c9\u7684\u4e8b\u4ef6<\/li>\n<li>\u628a\u6295\u8cc7\u548c\u4eba\u751f\u7684\u6642\u9593\u8868\u5c0d\u9f4a\uff0c\u4e0d\u8ddf\u8457\u65b0\u805e\u7684\u6642\u9593\u8868\uff0cBooth \u7d66\u6295\u8cc7\u4eba\u7684\u4e09\u500b\u539f\u5247\u4e4b\u4e00\uff0c\u5c31\u662f\u4f9d\u81ea\u5df1\u7684\u4eba\u751f\u7bc0\u594f\u8abf\u6574\uff0c\u4e0d\u4f9d\u65b0\u805e<sup>[5]<\/sup><\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\">\u6211\u7684\u60f3\u6cd5<\/h2>\n\n<p class=\"wp-block-paragraph\">\u6211\u89ba\u5f97\u5927\u8dcc\u6642\u6700\u96e3\u7684\uff0c\u4e0d\u662f\u5224\u65b7\uff0c\u662f\u5fcd\u4f4f\u4e0d\u505a\u4e8b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u932f\u904e\u6700\u597d\u7684 10 \u5929\u90a3\u5f35\u5716\uff0c\u6211\u89ba\u5f97\u662f\u6574\u7bc7\u6700\u523a\u773c\u7684\u4e00\u5f35\uff0cS&amp;P 500 \u7684 20 \u5e74\u5e74\u5316\u5831\u916c\u5f9e 11.0% \u6389\u5230 6.6%\uff0c\u53ea\u56e0\u70ba\u5c11\u4e86 10 \u5929\uff0c\u800c\u90a3 10 \u5929\u6709\u4e00\u5927\u534a\u5c31\u85cf\u5728\u6700\u96e3\u71ac\u7684\u90a3\u5e7e\u9031\u88e1\u9762\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6240\u4ee5\u300c\u5148\u8ce3\u6389\uff0c\u7b49\u660e\u6717\u518d\u56de\u4f86\u300d\u807d\u8d77\u4f86\u5f88\u5408\u7406\uff0c\u8aaa\u5be6\u5728\uff0c\u57f7\u884c\u8d77\u4f86\u5e7e\u4e4e\u505a\u4e0d\u5230\uff0c2020 \u5e74\u7b49\u4e86 90 \u500b\u4ea4\u6613\u65e5\u624d\u56de\u4f86\u7684\u4eba\uff0c\u5168\u5e74\u5f9e +18.4% \u8b8a\u6210 \u221210.4%\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\u6211\u4e5f\u4e0d\u89ba\u5f97\u5927\u8dcc\u6642\u4ec0\u9ebc\u90fd\u4e0d\u7528\u60f3\uff0c3 \u5e74\u5167\u8981\u7528\u7684\u9322\u3001\u9000\u4f11\u5f8c\u7684\u63d0\u9818\u3001\u55ae\u62bc\u7684\u500b\u80a1\u3001\u8eab\u4e0a\u7684\u69d3\u687f\uff0c\u9019\u56db\u7a2e\u60c5\u6cc1\u771f\u7684\u8981\u52d5\uff0c\u800c\u4e14\u6700\u597d\u5728\u4e82\u6d41\u4f86\u4e4b\u524d\u5c31\u52d5\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5269\u4e0b\u7684\u9577\u671f\u8cc7\u91d1\uff0c\u6211\u89ba\u5f97\u6700\u597d\u7684\u505a\u6cd5\u5f88\u7121\u804a\uff0c\u7167\u539f\u672c\u7684\u6bd4\u4f8b\u6295\u5165\uff0c\u504f\u96e2\u4e86\u5c31\u518d\u5e73\u8861\uff0c\u628a\u65b0\u805e\u7684\u97f3\u91cf\u8f49\u5c0f\u4e00\u9ede\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u9019\u4e00\u6ce2\u6703\u8dcc\u591a\u6df1\u3001\u591a\u4e45\u56de\u4f86\uff0c\u6211\u4e0d\u77e5\u9053\uff0c\u6c92\u6709\u4eba\u77e5\u9053\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\u9047\u5230\u4e82\u6d41\uff0c\u6211\u6703\u7e6b\u597d\u5b89\u5168\u5e36\uff0c\u7167\u822a\u7dda\u98db\u3002<\/p>\n\n\n<div class=\"wp-block-group alpha-cta alpha-cta-end alpha-cta-mind has-background is-layout-flow wp-block-group-is-layout-flow\" style=\"background-color:#f3f7fb;padding:32px 20px\">\n<p class=\"has-text-align-center wp-block-paragraph\" style=\"font-size:clamp(16.834px, 1.052rem + ((1vw - 3.2px) * 0.716), 26px);font-weight:700\">\u591a\u5e74\u5f8c\u91cd\u8b80\uff0c\u4f9d\u7136\u53d7\u7528\u7684\u6295\u8cc7\u6d1e\u5bdf<\/p>\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\u300a\u963f\u723e\u767c\u89c0\u9ede\u300b\u6bcf\u4e00\u5c01\u6709\u4e00\u7bc7\u5c08\u5bb6\u89c0\u9ede\u3001\u4e00\u500b\u7406\u8ca1\u6848\u4f8b\u3001\u4e00\u53e5\u7406\u8ca1\u91d1\u53e5\uff0c\u514d\u8cbb\u8a02\u95b1\uff0c\u96a8\u6642\u53ef\u9000\u8a02<\/p>\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-fe0a7de2 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/blog.roboadvisor.com.tw\/?page_id=18852#sib-form\" style=\"border-radius:50px;color:#ffffff;background-color:#006ece;border:2px solid #006ece;font-size:clamp(14px, 0.875rem + ((1vw - 3.2px) * 0.234), 17px);line-height:1.4;padding:10px 26px\" target=\"_blank\" rel=\"noopener\"><strong>\u8a02\u95b1\u963f\u723e\u767c\u89c0\u9ede\u96fb\u5b50\u5831<\/strong><\/a><\/div>\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-text-color has-background wp-element-button\" href=\"https:\/\/urli.ai\/line\/XpZpxkKi\" style=\"border-radius:50px;color:#00b900;background-color:#ffffff;border:2px solid #00b900;font-size:clamp(14px, 0.875rem + ((1vw - 3.2px) * 0.234), 17px);line-height:1.4;padding:10px 26px\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>\u52a0 LINE \u554f\u9867\u554f<\/strong><\/a><\/div>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">\u5e38\u898b\u554f\u984c<\/h2>\n\n<h3 class=\"wp-block-heading\">\u80a1\u5e02\u5927\u8dcc\u8981\u5168\u90e8\u8ce3\u6389\u55ce\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u591a\u6578\u60c5\u6cc1\u4e0d\u9700\u8981\uff0c3 \u5e74\u5167\u8981\u7528\u7684\u9322\u61c9\u8a72\u79fb\u51fa\u80a1\u5e02\uff0c\u7528\u69d3\u687f\u7684\u4eba\u61c9\u8a72\u5148\u964d\u69d3\u687f\uff0c\u9577\u671f\u6295\u8cc7\u7684\u90e8\u5206\uff0c\u5168\u90e8\u8ce3\u51fa\u6703\u9762\u81e8\u300c\u4f55\u6642\u8cb7\u56de\u300d\u7684\u554f\u984c\uff0c\u800c\u932f\u904e\u6700\u597d\u7684 10 \u5929\uff0cS&amp;P 500 \u5728 2006\u20132025 \u5e74\u7684\u5e74\u5316\u5831\u916c\u5c31\u5f9e 11.0% \u964d\u5230 6.6%<sup>[1]<\/sup>\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u80a1\u5e02\u5927\u8dcc\u662f\u52a0\u78bc\u7684\u597d\u6642\u6a5f\u55ce\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u5c0d\u9577\u671f\u6295\u8cc7\u3001\u8cc7\u91d1 5 \u5e74\u4ee5\u4e0a\u4e0d\u6703\u52d5\u7528\u7684\u4eba\uff0c\u5927\u8dcc\u5f8c\u8cb7\u9032\u7684\u50f9\u683c\u8f03\u4f4e\uff0c\u4f46\u52a0\u78bc\u91d1\u984d\u61c9\u7531\u76ee\u6a19\u80a1\u50b5\u6bd4\u4f8b\u6c7a\u5b9a\uff0c\u4e0d\u8981\u7528\u731c\u6e2c\u7684\u5e95\u90e8\u6c7a\u5b9a\uff0c60\/40 \u7d44\u5408\u5728\u80a1\u7968\u8dcc 20% \u5f8c\uff0c\u6bcf 100 \u842c\u5143\u7d04\u9700\u8cb7\u56de 4.8 \u842c\u5143\u80a1\u7968\u624d\u56de\u5230\u539f\u6bd4\u4f8b\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u80a1\u5e02\u5927\u8dcc\u5f8c\u901a\u5e38\u591a\u4e45\u6703\u56de\u4f86\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u4f9d\u8dcc\u5e45\u8207\u539f\u56e0\u5dee\u5f88\u591a\uff0cS&amp;P 500 \u5728 2020 \u5e74\u5f9e\u4f4e\u9ede\u56de\u5230\u524d\u9ad8\u7d04 5 \u500b\u6708\u30012025 \u5e74\u7d04 3 \u500b\u6708\uff0c2000 \u5e74\u7db2\u8def\u6ce1\u6cab\u8207 2008 \u5e74\u91d1\u878d\u6d77\u562f\uff0c\u50f9\u683c\u6307\u6578\u5f9e\u4f4e\u9ede\u56de\u5230\u524d\u9ad8\u90fd\u8d85\u904e 4 \u5e74\uff0c\u542b\u606f\u8a08\u7b97\u7d04 3\u20134 \u5e74<sup>[2]<\/sup>\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5b9a\u671f\u5b9a\u984d\u9047\u5230\u80a1\u5e02\u5927\u8dcc\u8981\u505c\u6263\u55ce\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u9577\u671f\u6295\u8cc7\u7684\u5b9a\u671f\u6295\u5165\u4e0d\u9700\u8981\u505c\uff0c\u505c\u6263\u7b49\u65bc\u653e\u68c4\u50f9\u683c\u6700\u4f4e\u6642\u7684\u8cb7\u9032\uff0c\u9700\u8981\u8abf\u6574\u7684\u662f\u80a1\u50b5\u6bd4\u4f8b\uff0c\u7528\u518d\u5e73\u8861\u8655\u7406\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5927\u8dcc\u6642\u63db\u6210\u73fe\u91d1\uff0c\u7b49\u843d\u5e95\u518d\u8cb7\u56de\u4f86\u53ef\u4ee5\u55ce\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u6b77\u53f2\u4e0a\u5f88\u96e3\u505a\u5230\uff0c2020 \u5e74 3 \u6708\u8667\u640d 20% \u6642\u8ce3\u51fa\u7684\u7f8e\u80a1\u6295\u8cc7\u4eba\uff0c10 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href=\"https:\/\/blog.roboadvisor.com.tw\/?p=137\">\u5831\u916c\u9806\u5e8f\u98a8\u96aa\u662f\u4ec0\u9ebc\uff1f\u9000\u4f11\u524d\u5f8c\u6700\u6015\u5148\u8dcc<\/a>\uff1a\u9069\u5408\u5df2\u9000\u4f11\u6216\u5feb\u9000\u4f11\u3001\u64d4\u5fc3\u63d0\u9818\u9047\u4e0a\u5927\u8dcc\u7684\u4eba<\/li>\n<\/ul>\n\n<script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@type\": \"FAQPage\", \"mainEntity\": [{\"@type\": \"Question\", \"name\": \"\u80a1\u5e02\u5927\u8dcc\u8981\u5168\u90e8\u8ce3\u6389\u55ce\uff1f\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"\u591a\u6578\u60c5\u6cc1\u4e0d\u9700\u8981\uff0c3 \u5e74\u5167\u8981\u7528\u7684\u9322\u61c9\u8a72\u79fb\u51fa\u80a1\u5e02\uff0c\u7528\u69d3\u687f\u7684\u4eba\u61c9\u8a72\u5148\u964d\u69d3\u687f\uff0c\u9577\u671f\u6295\u8cc7\u7684\u90e8\u5206\uff0c\u5168\u90e8\u8ce3\u51fa\u6703\u9762\u81e8\u300c\u4f55\u6642\u8cb7\u56de\u300d\u7684\u554f\u984c\uff0c\u800c\u932f\u904e\u6700\u597d\u7684 10 \u5929\uff0cS&P 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Morgan Asset Management. (2026). <em>Guide to retirement 2026<\/em>\uff08GTR 41, Impact of being out of the market; data as of December 31, 2025\uff09. https:\/\/am.jpmorgan.com\/content\/dam\/jpm-am-aem\/global\/en\/insights\/retirement-insights\/guide-to-retirement-us.pdf<\/li>\n<li>[2] S&amp;P Dow Jones Indices. (2026). <em>S&amp;P 500 and S&amp;P 500 total return index daily closes, 1970\u20132026<\/em> [Data set]. Yahoo Finance. 2026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\uff1b\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97\u3002https:\/\/finance.yahoo.com\/quote\/%5EGSPC\/history<\/li>\n<li>[3] \u81fa\u7063\u8b49\u5238\u4ea4\u6613\u6240\uff082026\uff09\u3002\u767c\u884c\u91cf\u52a0\u6b0a\u80a1\u50f9\u6307\u6578\u3001\u767c\u884c\u91cf\u52a0\u6b0a\u80a1\u50f9\u5831\u916c\u6307\u6578\u6b77\u53f2\u8cc7\u6599\u30022026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\uff1b\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a08\u7b97\u3002https:\/\/www.twse.com.tw\/zh\/indices\/taiex\/mfi94u.html<\/li>\n<li>[4] Ptak, J. (2026, August 6). <em>Mind the gap 2026<\/em>. Morningstar. https:\/\/www.morningstar.com\/business\/insights\/research\/mind-the-gap<\/li>\n<li>[5] Booth, D. (2025). <em>In shaky times, investors should hold their nerve<\/em>. Financial Times\uff1bDimensional Fund Advisors \u8f49\u8f09\u3002https:\/\/www.dimensional.com\/us-en\/newsroom\/david-booth-in-the-ft-in-shaky-times-investors-should-hold-their-nerve<\/li>\n<li>[6] T. Rowe Price. (2023). <em>What&#8217;s the best approach for portfolio rebalancing?<\/em> https:\/\/www.troweprice.com\/content\/dam\/iinvestor\/resources\/insights\/pdfs\/whats-the-best-approach-for-portfolio-rebalancing.pdf<\/li>\n<li>[7] Buffett, W. E. (1998, February 27). <em>Chairman&#8217;s letter 1997<\/em>. Berkshire Hathaway. https:\/\/www.berkshirehathaway.com\/letters\/1997.html<\/li>\n<li>[8] Bessembinder, H. (2018). Do stocks outperform Treasury bills? <em>Journal of Financial Economics, 129<\/em>(3), 440\u2013457. https:\/\/doi.org\/10.1016\/j.jfineco.2018.06.004<\/li>\n<li>[9] \u4e2d\u592e\u793e\uff082022 \u5e74 9 \u6708 29 \u65e5\uff09\u3002\u8b49\u4ea4\u6240\uff1a\u53f0\u80a1\u64d4\u4fdd\u7dad\u6301\u7387\u5747\u503c 157%\uff0c\u672a\u9054\u65b7\u982d\u9580\u6abb 130%\u3002\u79d1\u6280\u65b0\u5831\u3002https:\/\/finance.technews.tw\/2022\/09\/29\/taiwan-stock-guarantee-maintenance-rate\/<\/li>\n<li>[10] \u9ec3\u5f65\u5b8f\uff082026 \u5e74 8 \u6708 3 \u65e5\uff09\u3002\u8b49\u4ea4\u6240\u91cd\u7533\uff1a\u4fe1\u7528\u4ea4\u6613\u64d4\u4fdd\u7dad\u6301\u7387\u63a1\u6574\u6236\u7ba1\u7406 \u7c72\u6295\u8cc7\u4eba\u8a55\u4f30\u98a8\u96aa\u3002\u7d93\u6fdf\u65e5\u5831\u3002https:\/\/udn.com\/news\/story\/7251\/9668168<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\">\u91cd\u8981\u8072\u660e<\/h2>\n\n<p class=\"wp-block-paragraph\">\u672c\u6587\u7531\u963f\u723e\u767c\u8b49\u5238\u6295\u8cc7\u9867\u554f\u80a1\u4efd\u6709\u9650\u516c\u53f8\u7de8\u88fd\uff0c\u50c5\u4f9b\u53c3\u8003\uff0c\u4e0d\u69cb\u6210\u4efb\u4f55\u91d1\u878d\u5546\u54c1\u4e4b\u8981\u7d04\u3001\u62db\u652c\u6216\u63a8\u4ecb\uff0c\u4ea6\u975e\u91dd\u5c0d\u7279\u5b9a\u6295\u8cc7\u4eba\u4e4b\u500b\u5225\u6295\u8cc7\u5efa\u8b70\uff1b\u6295\u8cc7\u4eba\u61c9\u4f9d\u81ea\u8eab\u8ca1\u52d9\u72c0\u6cc1\u3001\u6295\u8cc7\u76ee\u6a19\u8207\u98a8\u96aa\u627f\u53d7\u5ea6\u5be9\u614e\u8a55\u4f30\uff0c\u4e26\u81ea\u884c\u627f\u64d4\u6295\u8cc7\u98a8\u96aa\u3002\u6587\u4e2d\u6b77\u53f2\u7d71\u8a08\u4fc2\u4ee5\u6b77\u53f2\u6307\u6578\u8a08\u7b97\uff0c\u672a\u6263\u9664\u8cbb\u7528\u8207\u7a05\u8ca0\uff0c\u4e0d\u4ee3\u8868\u4efb\u4f55\u5be6\u969b\u5e33\u6236\u7e3e\u6548\uff1b\u60c5\u5883\u8a66\u7b97\u70ba\u5047\u8a2d\u689d\u4ef6\u4e0b\u4e4b\u7d50\u679c\uff0c\u975e\u5c0d\u672a\u4f86\u5e02\u5834\u8d70\u52e2\u4e4b\u9810\u6e2c\u6216\u4fdd\u8b49\u3002\u904e\u53bb\u7e3e\u6548\u4e0d\u4ee3\u8868\u672a\u4f86\u8868\u73fe\u3002\u878d\u8cc7\u8207\u69d3\u687f\u578b\u5546\u54c1\u53ef\u80fd\u9020\u6210\u8d85\u904e\u539f\u59cb\u6295\u5165\u4e4b\u640d\u5931\u3002\u963f\u723e\u767c\u8b49\u5238\u6295\u8cc7\u9867\u554f\u80a1\u4efd\u6709\u9650\u516c\u53f8\u3000115\u91d1\u7ba1\u6295\u9867\u65b0\u5b57\u7b2c019\u865f<\/p>","protected":false},"excerpt":{"rendered":"<p>\u80a1\u5e02\u5927\u8dcc\u600e\u9ebc\u8fa6\uff1f\u4f9d\u8cc7\u91d1\u7528\u9014\u6642\u9593\u3001\u63d0\u9818\u8207\u69d3\u687f\u5224\u65b7\u8a72\u4e0d\u8a72\u8ce3\uff0c\u9644\u932f\u904e\u53cd\u5f48\u4ee3\u50f9\u8207\u56de\u672c\u6642\u9593\u8868\u3002<\/p>\n","protected":false},"author":3,"featured_media":17198,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_llm_markdown_disabled":false},"categories":[566],"tags":[376,942,946,941,944,945,943,947],"class_list":["post-1394","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-566","tag-376","tag-942","tag-946","tag-941","tag-944","tag-945","tag-943","tag-947"],"jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_featured_media_url":"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/00-cover-24.png","_links":{"self":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/1394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1394"}],"version-history":[{"count":6,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/1394\/revisions"}],"predecessor-version":[{"id":19128,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/1394\/revisions\/19128"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/media\/17198"}],"wp:attachment":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}