{"id":1493,"date":"2021-03-02T09:45:00","date_gmt":"2021-03-02T01:45:00","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=1493"},"modified":"2026-05-22T16:08:54","modified_gmt":"2026-05-22T08:08:54","slug":"%e3%80%902021%e6%8a%95%e8%b3%87%e5%b1%95%e6%9c%9b%e3%80%91%e6%88%91%e7%9a%84%e6%8a%95%e8%b3%87%e5%95%9f%e7%a4%ba%e9%8c%84%ef%bc%9a%e4%bd%a0%e4%b8%8d%e7%94%a8%e5%be%88%e6%9c%89%e9%8c%a2%e6%89%8d","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=1493","title":{"rendered":"\u30102021\u6295\u8cc7\u5c55\u671b\u3011\u6211\u7684\u6295\u8cc7\u555f\u793a\u9304\uff1a\u4f60\u4e0d\u7528\u5f88\u6709\u9322\u624d\u958b\u59cb\uff0c\u4f46\u4f60\u8981\u958b\u59cb\u624d\u80fd\u6162\u6162\u5f88\u6709\u9322\u3002"},"content":{"rendered":"\n<p>2021\u5e74\u525b\u958b\u59cb\uff0c\u5c31\u6536\u5230\u8a31\u591a\u670b\u53cb\u554f\u6211\uff0c\u5c0d\u65bc2021\u5e74\u6295\u8cc7\u4e0a\u7684\u5c55\u671b\u662f\u4ec0\u9ebc\uff1f\u6709\u4ec0\u9ebc\u6a19\u7684\u503c\u5f97\u6295\u8cc7\uff1f\u6709\u4ec0\u9ebc\u7b56\u7565\u548c\u64cd\u4f5c\u4e0a\u61c9\u8a72\u6ce8\u610f\u7684\u4e8b\uff1f\u6211\u767c\u73fe\u4eba\u5011\u771f\u7684\u5c0d\u65bc\u300e\u9810\u6e2c\u5e02\u5834\u300f\u9019\u4ef6\u4e8b\u7279\u5225\u6709\u8208\u8da3\uff0c\u5f88\u5e0c\u671b\u80fd\u591a\u65b9\u6536\u96c6\u8cc7\u8a0a\uff0c\u4e26\u85c9\u7531\u9019\u4e9b\u8cc7\u8a0a\u8a02\u5b9a\u4eca\u5e74\u7684\u6295\u8cc7\u7b56\u7565\u3002<\/p>\n\n\n\n<p>\u5176\u5be6\u4e86\u89e3\u904e\u6211\u7684\u4eba\u90fd\u77e5\u9053\uff0c\u5728\u6295\u8cc7\u9818\u57df\u4e0a\uff0c\u6211\u4e0d\u505a\u4efb\u4f55\u8da8\u52e2\u7684\u5206\u6790\uff0c\u4e5f\u4e0d\u505a\u4efb\u4f55\u5e02\u5834\u7684\u5224\u65b7\uff0c\u6211\u4e5f\u4e0d\u770b\u76e4\uff0c\u60f3\u5fc5\u5f88\u591a\u4eba\u5f88\u597d\u5947\uff0c\u90a3\u6211\u662f\u5982\u4f55\u9032\u884c\u6295\u8cc7\u898f\u5283\u7684\uff1f<strong>\u88ab\u52d5\u8ffd\u8e64\u6574\u9ad4\u5e02\u5834\u3002<\/strong>\u5468\u672b\u82b1\u4e86\u4e00\u9ede\u6642\u9593\u6574\u7406\u4e86\u5728\u6295\u8cc7\u4e0a\u6211\u505a\u4e86\u4ec0\u9ebc\u3001\u70ba\u4ec0\u9ebc\u6703\u9019\u6a23\u505a\u7684\u539f\u56e0\uff0c\u6211\u76f8\u4fe1\u9019\u4e5f\u662f\u8a31\u591a\u4eba\u5c0d\u65bc\u88ab\u52d5\u6295\u8cc7\u4e0a\u6703\u6709\u7684\u7591\u554f\uff0c\u4ee5\u4e0b\u662f\u62112021\u5e74\u7684\u6295\u8cc7\u5c55\u671b\uff0c\u9019\u7bc7\u6587\u7ae0\u6bd4\u8f03\u9577\uff0c\u4f46\u5e0c\u671b\u80fd\u5c0d\u6b63\u8981\u958b\u59cb\u6295\u8cc7\u3001\u6216\u662f\u5df2\u7d93\u5728\u6295\u8cc7\u8def\u4e0a\u537b\u8dcc\u8dcc\u649e\u649e\u7684\u4f60\u6709\u5e6b\u52a9\u3002<strong>1. \u8cb7\u4e0b\u5168\u4e16\u754c\u3002<\/strong>\u6211\u76f8\u4fe1\u672a\u4f86\u5e02\u5834\u662f\u7121\u6cd5\u9810\u6e2c\u7684\uff0c\u6c92\u6709\u4eba\u80fd\u5920\u6e05\u695a\u77e5\u9053\u672a\u4f861\u5e74\u54ea\u500b\u570b\u5bb6\u3001\u90a3\u4e9b\u7522\u696d\u751a\u81f3\u54ea\u6a94\u80a1\u7968\u6703\u8868\u73fe\u5f97\u6bd4\u8f03\u597d\uff0c\u4e8b\u5be6\u4e0a\u6211\u5011\u9023\u660e\u5929\u6703\u767c\u751f\u4ec0\u9ebc\u4e8b\u90fd\u4e0d\u77e5\u9053\uff0c\u66f4\u5225\u8aaa\u8981\u6e96\u78ba\u9810\u6e2c\u672a\u4f863\u5e74\u30015\u5e74\u751a\u81f310\u5e74\u7684\u5e02\u5834\u8da8\u52e2\u3002<br \/>\u4e0d\u904e\u7121\u6cd5\u9810\u6e2c\uff0c\u96e3\u9053\u5c31\u4e0d\u80fd\u9032\u884c\u6295\u8cc7\u4e86\u55ce\uff1f<br \/><\/p>\n\n\n\n<p>\u5176\u5be6\u771f\u6b63\u7684\u6295\u8cc7\u662f\u4e0d\u7528\u4f9d\u8cf4\u9810\u6e2c\u7684\uff0c<strong>\u6700\u7c21\u55ae\u4e14\u76f4\u63a5\u7684\u65b9\u5f0f\uff0c\u5c31\u662f\u76f4\u63a5\u300e\u8cb7\u4e0b\u5168\u4e16\u754c\u300f\u5c31\u53ef\u4ee5\u4e86\u3002<br \/><\/strong>\u9019\u4e9b\u5e74\u5e38\u5e38\u770b\u5230\u8a31\u591a\u300c\u524d\u9032\u7f8e\u80a1\u300d\u7684\u65b0\u805e\uff0c\u904e\u53bb10\u5e74\u7f8e\u570b\u80a1\u5e02\u512a\u7570\u7684\u5831\u916c\u8868\u73fe\u5438\u5f15\u4e16\u754c\u6295\u8cc7\u4eba\u7684\u76ee\u5149\uff0c<strong>\u7d71\u8a082011\/1\/1-2020\/12\/31\u7684\u6642\u9593\uff0c\u7f8e\u570b\u80a1\u5e02(\u672c\u6587\u4ee5S&amp;P 500\u6307\u6578\u7d71\u8a08)\u5e74\u5316\u5831\u916c\u738713.88%\uff0c\u7d2f\u7a4d\u5831\u916c267%\uff0c<\/strong>\u592a\u4eae\u773c\u4e86\uff01<br \/>\u60f3\u53cd\u5730\uff0c<strong>\u570b\u969b\u80a1\u5e02(\u672c\u6587\u4ee5S&amp;P Global Ex US Large TR USD \u6307\u6578\u7d71\u8a08)\u5728\u9019\u6bb5\u6642\u9593\u5e74\u5316\u5831\u916c\u73876.24%\uff0c\u7d2f\u7a4d\u5831\u916c83.26%<\/strong>\uff0c\u570b\u969b\u80a1\u5e02\u9060\u9060\u843d\u5f8c\u7f8e\u570b\u5e02\u5834\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%872-2.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u570b\u969b\u80a1\u5e02\u3001\u7f8e\u570b\u80a1\u5e02\u3001\u4e16\u754c\u6574\u9ad4\u80a1\u5e02\u5831\u916c\u7387\u8207\u8d70\u52e2\u5716\u3002\u7d71\u8a08\u671f\u9593\uff1a2011\/1\/1-2020\/12\/31\u3002\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar Direct\u3002<br \/>\u770b\u5230\u9019\u88e1\uff0c\u6295\u8cc7\u4eba\u53ef\u80fd\u6703\u60f3\uff0c\u662f\u4e0d\u662f\u91cd\u58d3\u7f8e\u570b\u5c31\u597d\u4e86\uff1f<br \/>\u4f46\u4f60\u77e5\u9053\u518d\u5f80\u524d\u63a810\u5e74\uff0c\u7f8e\u570b\u80a1\u5e02\u8868\u73fe\u5982\u4f55\u55ce\uff1f<strong>\u7d71\u8a082001\/1\/1-2010\/12\/31\u7684\u6642\u9593\uff0c\u7f8e\u570b\u80a1\u5e02\u5e74\u5316\u5831\u916c\u73871.41%\uff0c\u7d2f\u7a4d\u5831\u916c15.07%\uff0c\u4f60\u6c92\u770b\u932f\uff0c\u524d\u4e00\u500b10\u5e74\u7f8e\u570b\u8868\u73fe\u76f8\u7576\u4ee4\u4eba\u5931\u671b\uff01<\/strong><br \/><strong><br \/><\/strong>\u60f3\u53cd\u5730\uff0c<strong>\u570b\u969b\u80a1\u5e02\u5728\u9019\u6bb5\u6642\u9593\u5e74\u5316\u5831\u916c\u73875.58%\uff0c\u7d2f\u7a4d\u5831\u916c72.15%<\/strong>\uff0c\u570b\u969b\u80a1\u5e02\u9060\u9060\u52dd\u904e\u7f8e\u570b\u80a1\u5e02\uff01<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%873-2.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u570b\u969b\u80a1\u5e02\u3001\u7f8e\u570b\u80a1\u5e02\u3001\u4e16\u754c\u6574\u9ad4\u80a1\u5e02\u5831\u916c\u7387\u8207\u8d70\u52e2\u5716\u3002\u7d71\u8a08\u671f\u9593\uff1a2001\/1\/1-2010\/12\/31\u3002\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar Direct\u3002<\/p>\n\n\n\n<p>\u75762010\/12\/31\u770b\u8457\u904e\u53bb10\u5e74\u570b\u969b\u80a1\u5e02\u8868\u73fe\u529b\u58d3\u7f8e\u570b\u80a1\u5e02\uff0c\u5c1a\u672a\u77e5\u90532011-2020\u6703\u767c\u751f\u4ec0\u9ebc\u4e8b\u7684\u6e05\u6cc1\u4e0b\uff0c<\/p>\n\n\n\n<p>\u8acb\u554f2010\u5e74\u7576\u4e0b\u7684\u4f60\u6703\u9078\u64c7\u7f8e\u570b\u80a1\u5e02\u9084\u662f\u570b\u969b\u80a1\u5e02\u5462\uff1f<\/p>\n\n\n\n<p>\u4f46\u5982\u679c\u4e0d\u505a\u9810\u6e2c\u3001\u4e5f\u4e0d\u505a\u6311\u9078\uff0c\u76f4\u63a5\u8cb7\u4e0b\u5168\u4e16\u754c\uff0c\u7d71\u8a082001-2020\u5e74\uff0c\u570b\u969b\u80a1\u5e02\u3001\u7f8e\u570b\u80a1\u5e02\u53ca\u4e16\u754c\u6574\u9ad4\u80a1\u5e02\u7684\u8868\u73fe\u53c8\u6703\u662f\u5982\u4f55\u5462\uff1f<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%874-1.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u570b\u969b\u80a1\u5e02\u3001\u7f8e\u570b\u80a1\u5e02\u3001\u4e16\u754c\u6574\u9ad4\u80a1\u5e02\u5831\u916c\u7387\u8207\u8d70\u52e2\u5716\u3002\u7d71\u8a08\u671f\u9593\uff1a2001\/1\/1-2012\/12\/31\u3002\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar Direct\u3002<br \/>\u4f60\u53ef\u4ee5\u767c\u73fe\uff0c\u6301\u6709\u4e16\u754c\u6574\u9ad4\u80a1\u5e02\u662f\u6295\u8cc7\u4eba\u4e0d\u7528\u9810\u6e2c\uff0c\u4e5f\u4e0d\u6015\u6311\u932f\uff0c\u5b8c\u5168\u4e0d\u7528\u7814\u7a76\uff0c\u5fc3\u614b\u6700\u8f15\u9b06\u7684\u4e00\u500b\u505a\u6cd5\uff0c\u4f46\u9577\u671f\u6301\u6709\u4e0b\u4f86\uff0c\u4e0d\u7ba1\u5728\u4e0a\u9762\u54ea\u4e00\u6bb5\u6642\u9593\u9ede\uff0c<strong>\u8003\u91cf\u6642\u9593\u8207\u60c5\u7dd2\u6210\u672c\uff0c\u6301\u6709\u4e16\u754c\u6574\u9ad4\u80a1\u5e02\u5831\u916c\u7387\u4e00\u9ede\u90fd\u4e0d\u905c\u8272\u3002<\/strong><br \/><strong><br \/><\/strong><strong>2020\u525b\u7d50\u675f\uff0c\u4e86\u89e3\u7f8e\u570b\u5169\u500b\u4e0d\u540c10\u5e74\u5dee\u7570\u5169\u6975\u5316\u7684\u6578\u64da\uff0c\u9762\u5c0d\u672a\u4f86\uff0c\u4f60\u6703\u600e\u9ebc\u9078\u64c7\u5462\uff1f<\/strong><br \/><strong><br \/><\/strong>\u4e00\u6a23\u9078\u64c7\u91cd\u58d3\u7f8e\u80a1\u55ce\uff1f\u6216\u662f\u53cd\u5411\u64cd\u4f5c\u91cd\u58d3\u570b\u969b\u80a1\u5e02\u671f\u5f85\u672a\u4f8610\u5e74\u91cd\u56de\u5dd4\u5cf0\uff1f<\/p>\n\n\n\n<p><strong>\u9084\u662f\u56de\u6b78\u7c21\u55ae\uff0c\u7a69\u5065\u5730\u8cb7\u4e0b\u5168\u4e16\u754c\u5462\uff1f<\/strong>2. \u56e0\u61c9\u5e02\u5834\u98a8\u96aa\uff0c\u8cc7\u7522\u914d\u7f6e\u3002\u5927\u6f32\u8ddf\u5927\u8dcc\u90fd\u662f\u5e02\u5834\u7684\u6b63\u5e38\u73fe\u8c61\uff0c\u5118\u7ba1\u6574\u9ad4\u5e02\u5834\u9577\u671f\u8da8\u52e2\u5411\u4e0a\uff0c\u4f46\u904e\u7a0b\u4e26\u975e\u4e00\u5e06\u98a8\u9806\uff0c\u8a31\u591a\u6295\u8cc7\u4eba\u53ea\u770b\u5230\u80a1\u5e02\u5831\u916c\u7684\u9b45\u529b\uff0c\u537b\u672a\u66fe\u8861\u91cf\u81ea\u5df1\u5c0d\u65bc\u8667\u640d\u7684\u627f\u64d4\u80fd\u529b\u3002<\/p>\n\n\n\n<p>\u5118\u7ba1\u5df2\u7d93\u77e5\u9053\u8981\u6301\u6709\u4e16\u754c\u6574\u9ad4\u80a1\u5e02\uff0c<strong>\u4f46\u57282008\u5e74\u91d1\u878d\u6d77\u562f\u53ca2020\u5e743\u6708Covid-19\u5f71\u97ff\u4e0b\uff0c\u4e16\u754c\u6574\u9ad4\u80a1\u5e02\u8dcc\u5e45\u9084\u662f\u4f86\u5230-56.09%\u53ca-34.35%\uff0c<\/strong>\u4f60\u6709\u8fa6\u6cd5\u5fcd\u53d7\u5e33\u9762\u4e0a\u9019\u6a23\u7684\u8667\u640d\u55ce\uff1f<\/p>\n\n\n\n<p><strong>\u5982\u679c\u6c92\u8fa6\u6cd5\u5fcd\u53d7\u9019\u6a23\u7684\u8667\u640d\uff0c\u66f4\u4e0d\u8981\u8aaa\u8981\u505a\u5230\u9577\u671f\u6295\u8cc7\u4e86\uff01<\/strong><strong><br \/><\/strong>\u7576\u9ed1\u5929\u9d5d\u4e8b\u4ef6\u4f86\u81e8\uff0c\u6709\u6c92\u6709\u65b9\u6cd5\u53ef\u4ee5\u6e1b\u5c11\u8cc7\u7522\u8667\u640d\u7684\u5e45\u5ea6\u5462\uff1f<br \/><strong>\u7b54\u6848\u662f\u6709\u7684\uff0c\u505a\u597d\u8cc7\u7522\u914d\u7f6e\uff01<\/strong><strong><br \/><\/strong>\u900f\u904e\u4ee5\u4e0b\u5716\u8868\u8209\u4f8b\u8aaa\u660e\uff0c\u8cc7\u7522\u914d\u7f6e\u6295\u7d44\u4ee560%\u4e16\u754c\u6574\u9ad4\u80a1\u5e02+40%\u4e16\u754c\u6574\u9ad4\u50b5\u5238\u505a\u8a08\u7b97\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%875-2.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u91d1\u878d\u6d77\u562f\u671f\u9593\uff0c\u505a\u597d\u8cc7\u7522\u914d\u7f6e\u7684\u6548\u679c\u3002<br \/>\u7d71\u8a08\u671f\u95932008\/1\/1-2009\/12\/31\u3002\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar Direct\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%876-2.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>Covid-19\u671f\u9593\uff0c\u505a\u597d\u8cc7\u7522\u914d\u7f6e\u7684\u6548\u679c\u3002<br \/>\u7d71\u8a08\u671f\u95932020\/1\/1-2020\/06\/30\u3002\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar Direct\u3002<br \/>\u4ee5\u4e0a\u5716\u8868\u53ef\u4ee5\u767c\u73fe\uff0c\u7576\u5728\u6295\u8cc7\u7d44\u5408\u88e1\u9762\u52a0\u5165\u8207\u80a1\u5e02\u76f8\u95dc\u6027\u4fc2\u6578\u8f03\u4f4e\u7684\u50b5\u5238\uff0c\u8667\u640d\u7684\u5e45\u5ea6\u6703\u5927\u5e45\u964d\u4f4e\u3002\u9019\u6a23\u7684\u8868\u73fe\uff0c\u5c07\u6709\u52a9\u6295\u8cc7\u4eba\u5ea6\u904e\u5e02\u5834\u7684\u9707\u76ea\u8207\u6ce2\u52d5\uff0c\u5354\u52a9\u6295\u8cc7\u4eba\u9577\u671f\u5f85\u5728\u5e02\u5834\u4e0a\uff01<\/p>\n\n\n\n<p><strong>\u53e6\u5916\uff0c\u6709\u8a31\u591a\u6295\u8cc7\u4eba\u5e38\u8a62\u554f\uff1a\u300c\u9577\u671f\u800c\u8a00\uff0c\u80a1\u7968\u5e02\u5834\u8868\u73fe\u6703\u512a\u65bc\u50b5\u5238\u5e02\u5834\uff0c\u70ba\u4ec0\u9ebc\u9084\u8981\u505a\u8cc7\u7522\u914d\u7f6e\uff1f\u300d<\/strong><br \/><strong><br \/><\/strong>\u9019\u500b\u554f\u984c\u5728\u65bc\uff1a\u4f60\u6307\u7684\u9577\u671f\u662f\u591a\u9577\u671f\u5462\uff1f\u6211\u975e\u5e38\u9f13\u52f5\u6295\u8cc7\u4eba\u9577\u671f\u6295\u8cc7\uff0c\u4f46\u4eba\u7684\u751f\u547d\u5468\u671f\u6709\u9650\uff0c10\u5e74\u300120\u5e74\u5c0d\u5f88\u591a\u4eba\u4f86\u8aaa\u5df2\u7d93\u662f\u500b\u5f88\u9577\u7dda\u7684\u5e03\u5c40\uff0c\u4f46\u537b\u6307\u662f\u5730\u7403\u904b\u8f49\u4e0a\u5f88\u77ed\u66ab\u7684\u4e00\u9685\u3002<br \/>\u5982\u679c\u4ee510\u5e74\u300120\u5e74\u9019\u6a23\u7684\u5e74\u9650\uff0c\u767e\u5206\u4e4b\u767e\u6301\u6709\u80a1\u7968\u5e02\u5834\u6703\u6bd4\u8f03\u597d\u55ce\uff1f<br \/><strong>\u7b54\u6848\u662f\uff1a\u771f\u7684\u4e0d\u4e00\u5b9a\uff01<\/strong><br \/><strong><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%877-1.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>2011-2020\u5e74\uff0c\u767e\u5206\u4e4b\u767e\u6301\u6709\u4e16\u754c\u80a1\u7968\u5e02\u5834\u8207\u6709\u505a\u8cc7\u7522\u914d\u7f6e\u6295\u7d44\u7684\u5831\u916c\u7387\u8868\u73fe\u6bd4\u8f03\u3002\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar Direct\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%878.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>2001-2010\u5e74\uff0c\u767e\u5206\u4e4b\u767e\u6301\u6709\u4e16\u754c\u80a1\u7968\u5e02\u5834\u8207\u6709\u505a\u8cc7\u7522\u914d\u7f6e\u6295\u7d44\u7684\u5831\u916c\u7387\u8868\u73fe\u6bd4\u8f03\u3002\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar Direct\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%879.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>2001-2020\u5e74\uff0c\u767e\u5206\u4e4b\u767e\u6301\u6709\u4e16\u754c\u80a1\u7968\u5e02\u5834\u8207\u6709\u505a\u8cc7\u7522\u914d\u7f6e\u6295\u7d44\u7684\u5831\u916c\u7387\u8868\u73fe\u6bd4\u8f03\u3002\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar Direct\u3002<\/p>\n\n\n\n<p>\u4f60\u53ef\u4ee5\u767c\u73fe\uff0c\u5118\u7ba1\u57282011-2020\u5e74\u671f\u9593\u767e\u5206\u4e4b\u767e\u6301\u6709\u80a1\u7968\u5e02\u5834\u8868\u73fe\u6bd4\u8f03\u512a\u7570\uff1b\u4f46\u518d\u5f80\u524d10\u5e74\uff0c2001-2010\u5e74\u671f\u9593\u6709\u505a\u8cc7\u7522\u914d\u7f6e\u7684\u7d44\u5408\u8868\u73fe\u53cd\u800c\u6bd4\u8f03\u512a\u7570\u3002\u5c31\u7b97\u6642\u9593\u62c9\u9577\u81f32001-2020\u5e74(20\u5e74)\uff0c\u96d6\u7136\u767e\u5206\u4e4b\u767e\u6301\u6709\u80a1\u7968\u5e02\u5834\u8868\u73fe\u6bd4\u8f03\u512a\u7570\uff0c<strong>\u4f46\u8ddf\u6709\u505a\u8cc7\u7522\u914d\u7f6e\u7684\u6295\u8cc7\u7d44\u5408\u5e74\u5316\u5831\u916c\u7387\u8868\u73fe\u5dee\u7570\u975e\u5e38\u5c0f (7.1% VS 6.52%)\uff0c\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u5728\u63a7\u5236\u98a8\u96aa\u4e0a\u6709\u505a\u8cc7\u7522\u914d\u7f6e\u7684\u6295\u8cc7\u7d44\u5408\u6ce2\u52d5\u5ea6\u8868\u73fe\u975e\u5e38\u7a69\u5065(16.46% VS 9.57%)\u3002<\/strong><br \/><strong><br \/><\/strong>\u672a\u4f8610\u5e74\u300120\u5e74\u5462\uff1f\u4f60\u4ecd\u7136\u78ba\u5b9a\u5728\u4f60\u751f\u547d\u9031\u671f\u88e1\uff0c\u767e\u5206\u4e4b\u767e\u6301\u6709\u80a1\u7968\u5e02\u5834\u56de\u5831\u6703\u6700\u5927\u55ce\uff1f<\/p>\n\n\n\n<p><strong>\u6211\u5011\u4e00\u751f\u7684\u9577\u671f\uff0c\u5176\u5be6\u53ef\u80fd\u53ea\u662f\u4e16\u754c\u904b\u8f49\u4e0a\u7684\u77ed\u671f\u3002<\/strong>3. \u9ad8\u6210\u672c\u4fb5\u8755\u6295\u8cc7\u7372\u5229\uff0c\u4f7f\u7528\u4f4e\u6210\u672c\u6295\u8cc7\u5de5\u5177\uff1aETF\u3002\u6295\u8cc7\u6210\u672c\u4e00\u76f4\u662f\u6295\u8cc7\u4eba\u6bd4\u8f03\u5c11\u95dc\u6ce8\u7684\u8b70\u984c\uff0c\u4f46\u537b\u6df1\u6df1\u5f71\u97ff\u8457\u6295\u8cc7\u4eba\u5831\u916c\u7387\u7684\u8868\u73fe\uff0c\u6295\u8cc7\u4eba\u61c9\u8a72\u6ce8\u610f\uff01<\/p>\n\n\n\n<p>\u983b\u7e41\u7684\u4ea4\u6613\u6216\u662f\u4f7f\u7528\u9ad8\u6210\u672c\u7684\u6295\u8cc7\u5de5\u5177\uff0c\u9577\u671f\u5c07\u56b4\u91cd\u4fb5\u8755\u6295\u8cc7\u4eba\u7684\u7372\u5229\u8868\u73fe\uff0c\u5343\u842c\u4e0d\u8981\u5c0f\u770b\u6210\u672c\u7684\u91cd\u8981\u6027\uff0c<strong>\u6295\u8cc7\u4eba\u5c11\u4ed8\u51fa\u7684\uff0c\u6700\u5f8c\u7d42\u5c07\u8f49\u63db\u70ba\u53ef\u89c0\u7684\u5831\u916c\u7387\u3002<\/strong><br \/><strong><br \/><\/strong>\u8209\u4f8b\u8aaa\u660e\uff1a<br \/>\u5047\u8a2d\u6709\u4e09\u6a94\u5546\u54c1(\u7d05\u7dda\u3001\u85cd\u7dda\u3001\u7da0\u7dda)\uff0c\u5176\u5e74\u5316\u5831\u916c\u7387\u90fd\u662f5%\uff0c\u7d05\u7dda\u5546\u54c1\u5b8c\u5168\u6c92\u6709\u5167\u542b\u8cbb\u7528\uff0c\u85cd\u7dda\u5546\u54c1\u6bcf\u5e741%\u5167\u542b\u8cbb\u7528\uff0c\u7da0\u7dda\u5546\u54c1\u6bcf\u5e742%\u5167\u542b\u8cbb\u7528\u3002\u5404\u62951000\u842c\uff0c\u9032\u884c15\u5e74\u898f\u5283\uff0c\u5176\u7372\u5229\u8868\u73fe\u6bd4\u8f03\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%871-2.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u5716\u7247\u4f86\u6e90\uff1a\u4f5c\u8005\u81ea\u884c\u6574\u7406\u3002<\/p>\n\n\n\n<p>\u9577\u671f\u6295\u8cc715\u5e74\u4e0b\u4f86\uff0c\u7d05\u7dda\u5546\u54c1\u6210\u9577\u52302079\u842c\uff1b\u85cd\u7dda\u5546\u54c1\u53ef\u4ee5\u6210\u9577\u52301801\u842c\uff0c<strong>\u6bd4\u7d05\u7dda\u5546\u54c1\u5c11\u8cfa287\u842c<\/strong>\uff1b\u7da0\u7dda\u5546\u54c1\u53ef\u4ee5\u6210\u9577\u52301558\u842c\uff0c<strong>\u6bd4\u7d05\u7dda\u5546\u54c1\u5c11\u8cfa521\u842c<\/strong>\u3002\u4f60\u7684\u6295\u8cc7\u6210\u672c\u6b63\u5728\u4fb5\u8755\u4f60\u7684\u7372\u5229\uff0c\u6210\u672c\u7684\u91cd\u8981\u6027\u4f60\u6ce8\u610f\u5230\u4e86\u55ce\uff1f<\/p>\n\n\n\n<p>\u76ee\u524d\u570b\u969b\u4e0a\u6700\u6709\u540d\u7684\u88ab\u52d5\u5f0f\u8cc7\u7522\u7ba1\u88e1\u516c\u53f8\uff1aVanguard\uff0c\u5176\u767c\u884c\u4e4bETF\u5e73\u5747\u5167\u542b\u8cbb\u7528\u50c5\u70ba0.1%\uff0c\u800c\u53f0\u7063\u76ee\u524d\u4e4b\u5171\u540c\u57fa\u91d1\u5176\u5167\u542b\u8cbb\u7528\u7d041%-3%\u5de6\u53f3\uff0c<\/p>\n\n\n\n<p>\u53ea\u662f\u9019\u7b46\u57fa\u91d1\u5167\u542b\u8cbb\u7528\u5e7e\u4e4e\u90fd\u662f\u5f9e\u6295\u8cc7\u4eba\u8cc7\u7522\u6de8\u503c\u76f4\u63a5\u6263\u9664\uff0c\u6240\u4ee5\u6295\u8cc7\u4eba\u6c92\u6709\u611f\u89ba\uff0c<\/p>\n\n\n\n<p>\u4f46\u6295\u8cc7\u4eba\u8981\u6ce8\u610f\uff0c\u9ad8\u6602\u7684\u5167\u542b\u6210\u672c\u9577\u671f\u6b63\u56b4\u91cd\u4fb5\u8755\u4f60\u7684\u7372\u5229\uff0c\u4e5f\u53ef\u80fd\u662f\u4f60\u9577\u671f\u6295\u8cc7\u4e00\u76f4\u7121\u6cd5\u7372\u5229\u7684\u539f\u56e0\u30024. \u4eab\u53d7\u8907\u5229\uff0c\u7d00\u5f8b\u57f7\u884c\u3002\u6700\u5f8c\u4e00\u9ede\u63d0\u9192\uff0c\u662f\u8001\u751f\u5e38\u8ac7\uff0c\u4f46\u537b\u662f\u6295\u8cc7\u8981\u6210\u529f\u6700\u91cd\u8981\u8ddf\u6700\u96e3\u71ac\u7684\u4e00\u6bb5\uff1a\u300c\u8907\u5229+\u7d00\u5f8b\u300d\uff0c\u56e0\u70ba\u4f60\u6c92\u8fa6\u6cd5\u57f7\u884c\u5f8c\u99ac\u4e0a\u770b\u5230\u7d50\u679c\uff0c\u800c\u662f\u9700\u8981\u6642\u9593\u6162\u6162\u544a\u8a34\u4f60\u7b54\u6848\u3002<br \/><strong>\u8907\u5229\u9700\u8981\u6642\u9593\uff0c\u7d00\u5f8b\u9700\u8981\u62b5\u6297\u5e02\u5834\u8a98\u60d1\u3001\u514b\u670d\u4eba\u6027\u3002\u7b49\u5f85\u96d6\u7136\u96e3\u53d7\uff0c\u4f46\u537b\u662f\u6210\u9577\u5fc5\u7d93\u7684\u904e\u7a0b\u3002<\/strong><strong><br \/><\/strong>\u80a1\u795e\u5df4\u83f2\u7279\u4e00\u751f\u7684\u8ca1\u5bcc99%\u662f\u572850\u6b72\u4ee5\u5f8c\u624d\u5275\u9020\u51fa\u4f86\u7684\u3002\u4f60\u89ba\u5f97\u76ee\u524d\u624b\u908a\u7684\u8ca1\u5bcc\u5f88\u5c11\u55ce\uff1f\u8acb\u4e0d\u8981\u55aa\u6c23\uff01<br \/>\u73fe\u5728\u5c31\u958b\u59cb\u900f\u904e\u6b63\u78ba\u7684\u65b9\u5f0f\u6295\u8cc7\u7406\u8ca1\uff0c\u6642\u9593\u6703\u544a\u8a34\u4f60\uff0c\u8aaa\u4e0d\u5b9a\u4f60\u76ee\u524d\u624b\u4e0a\u7684\u8ca1\u5bcc\u53ef\u80fd\u9084\u9060\u9060\u4e0d\u53ca\u4f60\u751f\u6daf\u7e3d\u8ca1\u5bcc\u76841%\uff0c\u662f\u4e0d\u662f\u5f88\u96c0\u8e8d\u5462\uff1f<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2021\/03\/%E5%9C%96%E7%89%8710.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u5df4\u83f2\u7279\u751f\u6daf\u8cc7\u7522\u6210\u9577\u5716\u3002\u8cc7\u6599\u4f86\u6e90\uff1aThe Hustle\u3002<\/p>\n\n\n\n<p>\u524d\u97623\u9ede\u7684\u5167\u5bb9\u8aaa\u4e86\u5f88\u591a\uff0c\u4f46\u5206\u4eab\u4e0a\u90fd\u662f\u70ba\u4ec0\u9ebc\u8981\u9019\u6a23\u505a\u7684\u539f\u56e0\u548c\u89c0\u5ff5\u7684\u5efa\u7acb\uff0c\u57f7\u884c\u4e0a\u5176\u5be610\u5206\u9418\u5167\u5c31\u53ef\u4ee5\u5b8c\u6210\u3002<\/p>\n\n\n\n<p>\u4f46\u7b2c\u56db\u9ede\u662f\u8ca1\u5bcc\u7d2f\u7a4d\u7684\u95dc\u9375\u56e0\u7d20\uff0c\u5343\u842c\u4e0d\u8981\u5c0f\u770b\u6642\u9593\u5e36\u7d66\u8ca1\u5bcc\u7684\u5a01\u529b\uff0c<strong>\u4fdd\u6301\u822a\u5411\uff0c\u5805\u6301\u5230\u5e95\uff01<\/strong><br \/><strong>\u300e\u4f60\u4e0d\u7528\u5f88\u53b2\u5bb3\u624d\u80fd\u958b\u59cb\uff0c\u4f46\u4f60\u8981\u958b\u59cb\u4e86\u624d\u80fd\u5f88\u53b2\u5bb3\u3002\u300f<br 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