{"id":541,"date":"2017-09-27T15:47:00","date_gmt":"2017-09-27T07:47:00","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=541"},"modified":"2017-09-27T15:47:00","modified_gmt":"2017-09-27T07:47:00","slug":"%e6%8a%95%e8%b3%87-%e8%87%b4%e5%af%8c%e5%8f%aa%e8%a6%81%e5%81%9a%e5%88%b0%e9%80%99%e5%9b%9b%e5%80%8b%e5%ad%97","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=541","title":{"rendered":"\u6295\u8cc7 \u81f4\u5bcc\u53ea\u8981\u505a\u5230\u9019\u56db\u500b\u5b57"},"content":{"rendered":"\n<p><time datetime=\"2017-09-27T11:25:25+08:00\">2017-09-27<\/time><\/p>\n\n\n\n<p>\u60f3\u8981 \u6295\u8cc7 \u81f4\u5bcc\u55ce? \u672c\u9031\u6211\u5011\u62cd\u4e86\u4e00\u6bb5\u5f71\u7247\u544a\u8a34\u5927\u5bb6\u5982\u4f55\u505a\u624d\u80fd\u5920 \u6295\u8cc7 \u81f4\u5bcc\uff0c\u5176\u5be6\u505a\u6cd5\u5f88\u7c21\u55ae\uff0c\u53ea\u8981\u8a18\u4f4f\u9019\u56db\u500b\u5b57\uff0c\u90a3\u5c31\u662f\uff1a<strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\">\u300c\u6301\u7e8c \u6295\u8cc7 \u300d<\/mark>\u3002<\/strong><\/p>\n\n\n\n<p>\u7121\u6cd5\u770b\u5230\u5f71\u7247\u8acb\u9ede\u9019\uff1a\u300c<a href=\"https:\/\/youtu.be\/DbM9_FT2HBo\">\u60f3\u6295\u8cc7\u81f4\u5bcc? 94\u8981\u6301\u7e8c\u6295\u8cc7\uff01<\/a><\/p>\n\n\n\n<p>[embedyt] https:\/\/www.youtube.com\/watch?v=DbM9_FT2HBo[\/embedyt]<\/p>\n\n\n\n<p>\u8aaa\u5230 \u6295\u8cc7 \uff0c\u76f8\u4fe1\u8a31\u591a\u4eba\u90fd\u8a8d\u70ba\u662f\u8a72\u52aa\u529b\u7814\u7a76\u80a1\u50f9\uff0c\u9022\u4f4e\u8cb7\u9032\u9022\u9ad8\u8ce3\u51fa\uff0c\u5e0c\u671b\u80fd\u627e\u51fa\u6b63\u78ba\u7684\u6642\u6a5f 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\u8cb7\u9032\u591a\u5143\u5206\u6563\u7684\u8cc7\u7522\u300d<\/mark><\/strong>\u6b64\u6295\u8cc7\u65b9\u5f0f\u80fd\u8f15\u9b06\u4e14\u7c21\u55ae\u5730\u89e3\u6c7a\u4e0a\u8ff0\u9019\u500b\u72c0\u6cc1\uff0c\u800c\u4e0d\u662f\u544a\u8a34\u4f60\u4f55\u6642\u8a72\u8cb7\u9032? \u6216\u8a72\u8cb7\u9032\u591a\u5c11\u8cc7\u7522?<\/p>\n\n\n\n<p><strong>\u6301\u7e8c \u6295\u8cc7 \u8cb7\u9032<\/strong>\u662f\u4e00\u500b\u5e73\u5747\u6210\u672c\u7684\u6982\u5ff5\uff0c\u628a\u6301\u7e8c \u6295\u8cc7 \u8cb7\u9032\u7576\u6210\u4e00\u7a2e\u7fd2\u6163\uff0c\u53ef\u4ee5\u628a\u5b83\u60f3\u6210\u8981\u5b9a\u671f\u7d66\u4ed8\u7684\u623f\u79df\u6216\u8cb8\u6b3e\u8cbb\u7528\u4e00\u822c\uff0c\u6240\u4ee5\u4e0d\u8a72\u64d4\u5fc3\u662f\u5426\u73fe\u5728\u662f\u8cfc\u8cb7\u7684\u597d\u6642\u6a5f\uff0c\u800c\u662f\u6301\u7e8c\u4e0d\u65b7\u7684\u8cfc\u8cb7\uff0c\u4e0d\u7ba1\u5e02\u5834\u73fe\u5728\u8655\u65bc\u4f4e\u9ede\u9084\u662f\u9ad8\u9ede\uff0c\u5c31\u662f\u6301\u7e8c\u8cb7\u9032\u5c31\u5c0d\u4e86\uff01<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u672c\u76ca\u6bd4\u8207\u5831\u916c\u7387<\/h2>\n\n\n\n<p>\u4ee5\u4e0b\u63d0\u4f9b\u4e00\u500b\u6578\u64da\u5be6\u8b49\u7d66\u5927\u5bb6\u53c3\u8003\uff0c\u5148\u4f86\u4ecb\u7d39\u4e00\u4e0b<strong>\u300c\u672c\u76ca\u6bd4\u300d<\/strong>&nbsp;(P\/E ratio) \u9019\u500b\u91d1\u878d\u540d\u8a5e\uff0c\u5176\u4ee3\u8868\u7684\u610f\u601d\u70ba\u6295\u8cc7\u4eba\u70ba\u4e86\u5f9e \u6295\u8cc7 \u4e2d\u7372\u5f97\u4e00\u5143\u7684\u5831\u916c\u6240\u8981\u6295\u5165\u7684\u91d1\u984d\uff0c\u6b64\u6307\u6a19\u662f\u7528\u4f86\u8861\u91cf\u5e02\u5834\u50f9\u4f4d\u7684\u9ad8\u4f4e\u72c0\u6cc1\u3002<\/p>\n\n\n\n<p>\u7136\u800c\u5982\u679c\u4ee5\u500b\u5225\u516c\u53f8\u7684\u80a1\u7968\u4f86\u505a\u6b64\u5206\u6790\u7684\u8a71\uff0c\u4e0d\u540c\u516c\u53f8\u4e4b\u9593\u7684\u672c\u76ca\u6bd4\u5176\u5dee\u8ddd\u6703\u5f88\u5927\uff0c\u4f46\u4f9d\u6574\u9ad4\u80a1\u5e02\u4f86\u8861\u91cf\u7684\u8a71\uff0c\u672c\u76ca\u6bd4\u70ba\u8861\u91cf\u5e02\u5834\u662f\u88ab\u9ad8\u4f30\u9084\u662f\u4f4e\u4f30\u72c0\u614b\u7684\u4e00\u500b\u5f88\u597d\u7684\u6307\u6a19\u3002\u56e0\u6b64\uff0c\u5982\u679c<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-palette-color-2-color\">\u672c\u76ca\u6bd4\u9ad8<\/mark>\u7684\u8a71\uff0c\u5c31\u4ee3\u8868<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-palette-color-2-color\">\u5e02\u5834\u50f9\u683c\u662f\u88ab\u9ad8\u4f30\u7684<\/mark>\uff1b\u5982\u679c\u662f<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-palette-color-2-color\">\u4f4e<\/mark>\u7684\u8a71\uff0c\u5c31\u662f<mark style=\"background-color:rgba(0, 0, 0, 0)\" class=\"has-inline-color has-palette-color-2-color\">\u88ab\u4f4e\u4f30\u7684\u72c0\u6cc1<\/mark>\u3002<\/p>\n\n\n\n<p>\u4e0b\u9762\u57161\u7684\u6a6b\u8ef8 \uff08X\u8ef8\uff09\u70ba\u7f8e\u570b\u80a1\u5e02\u6b77\u5e74\u7684\u672c\u76ca\u6bd4\u8cc7\u6599\uff0c\u7e31\u8ef8\uff08Y\u8ef8\uff09\u70ba\u5176\u672a\u4f86\u4e94\u5e74\u7684\u5be6\u969b\u5831\u916c\u7387\uff0c\u8cc7\u6599\u70ba 1881 \u5e74\u5230 2016 \u5e74\u7684\u6708\u8cc7\u6599\uff0c\u4e26\u4f9d\u5831\u916c\u7387\u70ba\u6b63\u6216\u8ca0\u7684\u4f86\u5340\u5206\u3002<\/p>\n\n\n\n<p>\u5716\u4e2d\u6a6b\u7dda\u4ee5\u4e0a\u7684\u7da0\u8272\u5340\u57df\u70ba\u5831\u916c\u7387\u662f\u6b63\u7684\uff0c\u6a6b\u7dda\u4ee5\u4e0b\u7684\u7d05\u8272\u90e8\u5206\u70ba\u5831\u916c\u7387\u662f\u8ca0\u7684\u3002\u7531\u57161\u4e2d\u53ef\u4ee5\u767c\u73fe\u7576\u672c\u76ca\u6bd4\u8f03\u9ad8\u6642\u672a\u4f86\u5be6\u969b\u5831\u916c\u7387\u5e7e\u4e4e\u90fd\u70ba\u8ca0\u7684\uff0c\u4f46\u5728\u5176\u4ed6\u72c0\u6cc1\u4e0b\u672a\u4f86\u5831\u916c\u7387\u5247\u6709\u6b63\u4e5f\u6709\u8ca0\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1327\" height=\"961\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/njh.png\" alt=\"\" class=\"wp-image-542\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/njh.png 1327w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/njh-300x217.png 300w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/njh-1024x742.png 1024w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/njh-768x556.png 768w\" sizes=\"auto, (max-width: 1327px) 100vw, 1327px\" \/><figcaption>\u57161 \u7f8e\u80a1\u5be6\u969b\u5e74\u5831\u916c\u7387\u8207\u672c\u76ca\u6bd4<\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u6301\u7e8c\u4e14\u9577\u671f \u6295\u8cc7<\/h2>\n\n\n\n<p>\u4e0a\u57161\u70ba\u6301\u6709\u671f\u9593\u4e94\u5e74\u7684\u60c5\u5f62\uff0c\u5982\u679c\u5c07\u6301\u6709\u671f\u9593\u518d\u62c9\u9577\u4e00\u4e9b\u4f86\u770b \uff08\u8acb\u770b\u4e0b\u57162\uff0c\u4e26\u89c0\u5bdf\u6b64\u5716\u5f9e\u4e94\u5e74\u4e4b\u5f8c\u958b\u59cb\u7684\u52d5\u614b\u8b8a\u5316\uff09\uff0c\u672c\u4f86\u7684\u72c0\u614b\u5c07\u6162\u6162\u6709\u6240\u6539\u8b8a\uff0c\u7576\u6301\u6709\u671f\u9593\u8d8a\u4f86\u8d8a\u9577\u6642\uff0c\u4f60\u6703\u767c\u73fe\u5f97\u5230\u8ca0\u5831\u916c\u7387 \uff08\u7d05\u9ede\uff09\u7684\u60c5\u5f62\u6703\u6162\u6162\u6d88\u5931\uff0c\u4e14<strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\">\u6301\u6709\u8d85\u904e 20 \u5e74\u6642\u5e7e\u4e4e\u5df2\u6c92\u6709\u8ca0\u5831\u916c\u7684\u60c5\u5f62\u5b58\u5728<\/mark><\/strong>\uff0c\u800c\u6301\u7e8c\u6301\u6709\u5230 30 \u5e74\u7684\u8a71\u5247\u5f97\u5230\u4e00\u500b\u8da8\u65bc\u8f03\u7a69\u5b9a\u7684\u6b63\u5831\u916c\u7684\u60c5\u5f62 \uff08\u7da0\u9ede\u7684\u5206\u4f48\u8b8a\u7dca\u5bc6\uff09\uff0c\u9019\u5f35\u5716\u5145\u5206\u8aaa\u660e\u4e86\u9577\u671f\u6301\u6709\u8cc7\u7522\u7684\u5be6\u969b\u72c0\u6cc1\u4ee5\u53ca\u91cd\u8981\u6027\uff01<\/p>\n\n\n\n<p><br \/><\/p>\n\n\n\n<p>\u57162 \u52d5\u614b\u5716-\u7f8e\u80a1\u5be6\u969b\u5e74\u5831\u916c\u7387\u8207\u672c\u76ca\u6bd4<\/p>\n\n\n\n<p>\u7531\u6b64\u7d50\u679c\u53ef\u4ee5\u5f97\u77e5\uff0c<strong><mark style=\"background-color:rgba(0, 0, 0, 0);color:#ff0000\" class=\"has-inline-color\">\u4f55\u6642\u9032\u5834\u4e26\u4e0d\u662f\u91cd\u9ede\uff0c\u95dc\u9375\u662f\u9032\u5834\u4e4b\u5f8c\u7684\u884c\u70ba<\/mark><\/strong>\uff0c\u5728\u6211\u5011\u4e4b\u524d\u4e00\u7bc7\u6587\u7ae0\u300c<a href=\"https:\/\/roboadvisor.com.tw\/Blog\/?p=1052\">\u6bcf\u5468\u7cbe\u9078\u7d93\u6fdf\u5716\u8868 \u2013 \u9053\u74ca\u6307\u6578 \u5275\u65b0\u9ad8\u6b21\u6578<\/a>\u300d\u7576\u4e2d\u6709\u8aaa\u5230\u5982\u679c\u4f60\u89ba\u5f97\u80a1\u5e02\u76ee\u524d\u8655\u65bc\u9ad8\u9ede\u800c\u9072\u9072\u4e0d\u6562 \u6295\u8cc7 \u7684\u8a71\uff0c\u4f60\u53ef\u80fd\u5c31\u56e0\u6b64\u932f\u5931\u4e86\u7372\u5229\u7684\u6a5f\u6703\uff0c\u96d6\u7136\u6301\u7e8c \u6295\u8cc7 \u8cb7\u9032\u807d\u8d77\u4f86\u597d\u50cf\u662f\u5f88\u7c21\u55ae\u7684\u4e8b\u60c5\uff0c\u4f46\u5728\u5e02\u5834\u7684\u6ce2\u52d5\u4e2d\u53ef\u4ee5\u4e0d\u53d7\u5f71\u97ff\u5805\u6301\u4f4f\u9019\u500b\u4fe1\u5ff5\u7684\u4eba\u4e26\u4e0d\u591a\u3002<\/p>\n\n\n\n<p>\u5207\u8a18\uff0c\u7576\u4f60\u5728\u8ce3\u51fa\u4f60\u7684 \u6295\u8cc7 \u8cc7\u7522\u5c31\u662f\u5728\u8ce3\u51fa\u4f60\u7684\u8ca1\u5bcc\uff0c\u5fc5\u9808\u6301\u7e8c\u6301\u6709\u8cc7\u7522\u4f60\u624d\u80fd\u7372\u5f97\u66f4\u591a\uff01\u7136\u800c\u9700\u8981\u8ce3\u51fa \u6295\u8cc7 \u8cc7\u7522\u7684\u552f\u4e00\u6642\u9593\u9ede\u662f \u2500\u2500 \u4f60\u6709\u5b9a\u671f\u505a\u91cd\u65b0\u8abf\u6574 \uff08Rebalance\uff09 \u6642\u6216\u4f60\u7684\u8ca1\u52d9\u76ee\u6a19\u9054\u6210\u6642\u3002\uff08\u4e4b\u5f8c\u6211\u5011\u6703\u6709\u6587\u7ae0\u4ecb\u7d39\u4ec0\u9ebc\u662f Rebalance\uff09<\/p>\n\n\n\n<p>#\u95b1\u8b80\u6642\u9593\u7d04\u70ba4\u5206\u9418<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2017-09-27 \u60f3\u8981 \u6295\u8cc7 \u81f4\u5bcc\u55ce? \u672c\u9031\u6211\u5011\u62cd\u4e86\u4e00\u6bb5\u5f71\u7247\u544a\u8a34\u5927\u5bb6\u5982\u4f55\u505a\u624d\u80fd\u5920 \u6295\u8cc7 \u81f4\u5bcc\uff0c\u5176\u5be6\u505a\u6cd5\u5f88\u7c21 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":543,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[116,117,160,289,496],"class_list":["post-541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-28","tag-116","tag-117","tag-160","tag-289","tag-496"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/541","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=541"}],"version-history":[{"count":0,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/541\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/media\/543"}],"wp:attachment":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}