{"id":5884,"date":"2023-02-04T10:42:01","date_gmt":"2023-02-04T02:42:01","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=5884"},"modified":"2026-10-22T11:10:41","modified_gmt":"2026-10-22T03:10:41","slug":"%e6%8a%95%e8%b3%87%e5%b0%8f%e7%99%bd%e5%bf%85%e7%9c%8b-%e6%96%b0%e6%89%8b%e5%a6%82%e4%bd%95%e6%8a%95%e8%b3%87%ef%bc%9f10%e5%80%8b%e4%b8%8d%e5%8f%af%e4%b8%8d%e7%9f%a5%e7%9a%84%e6%8a%95%e8%b3%87","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=5884","title":{"rendered":"\u6295\u8cc7\u65b0\u624b\u5fc5\u770b\uff1a10 \u500b\u4e0d\u53ef\u4e0d\u77e5\u7684\u6295\u8cc7\u89c0\u5ff5"},"content":{"rendered":"<p class=\"wp-block-paragraph\">\u525b\u958b\u59cb\u6295\u8cc7\u7684\u4eba\uff0c\u6700\u5e38\u554f\u7684\u662f\u8a72\u8cb7\u54ea\u4e00\u6a94\uff0c\u771f\u6b63\u62c9\u958b\u7d50\u679c\u5dee\u8ddd\u7684\uff0c\u591a\u534a\u662f\u8cb7\u9032\u4e4b\u5f8c\u600e\u9ebc\u505a\uff1a\u9047\u5230\u4e0b\u8dcc\u6703\u4e0d\u6703\u614c\u3001\u80fd\u4e0d\u80fd\u62b1\u5f97\u4f4f\u3001\u6709\u6c92\u6709\u628a\u96de\u86cb\u5206\u958b\u653e\u3002\u5f88\u591a\u6295\u8cc7\u4eba\u662f\u9760\u4e00\u6b21\u6b21\u7e73\u5b78\u8cbb\u624d\u5b78\u5230\u9019\u4e9b\uff0c\u4e0b\u9762 10 \u500b\u89c0\u5ff5\u4e0d\u662f\u5168\u90e8\uff0c\u4f46\u90fd\u662f<strong>\u6700\u5e38\u8b93\u65b0\u624b\u4ed8\u51fa\u4ee3\u50f9\u7684\u7d93\u9a57<\/strong>\uff0c\u53cd\u8986\u5c0d\u7167\uff0c\u6709\u52a9\u65bc\u6490\u904e\u5e02\u5834\u6700\u96e3\u71ac\u7684\u6642\u5019\u3002<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\">1\u3001\u6295\u8cc7\u4e00\u5b9a\u6709\u98a8\u96aa<\/h2>\n\n<p class=\"wp-block-paragraph\">\u5982\u679c\u4f60\u4e0d\u4e86\u89e3\u81ea\u5df1\u5728\u505a\u4ec0\u9ebc\u3001\u70ba\u4ec0\u9ebc\u8981\u6295\u8cc7\uff0c\u6295\u8cc7\u7684\u98a8\u96aa\u5c31\u6703\u975e\u5e38\u9ad8\u3002\u5f88\u591a\u4eba\u4ee5\u70ba\u9577\u671f\u6301\u6709\u662f\u4e00\u8def\u5f80\u4e0a\u9a0e\u5230\u7d42\u9ede\uff0c\u5be6\u969b\u4e0a\u4e2d\u9593\u6703\u7d93\u904e\u597d\u5e7e\u6bb5\u6df1\u8c37\uff0c\u4e0b\u9762\u9019\u5f35\u5716\u628a\u5169\u8005\u756b\u5f97\u5f88\u6e05\u695a\u3002<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2023\/02\/150611215_224390436055584_934791694258206315_n.jpg\" alt=\"\u6f2b\u756b\u5c0d\u7167\uff1a\u4e0a\u5716\u662f\u4f60\u4ee5\u70ba\u7684\u9577\u671f\u6301\u6709\uff0c\u4e00\u689d\u5e73\u8def\u9a0e\u5230\u8ca1\u52d9\u81ea\u7531\u7684\u7d42\u9ede\uff1b\u4e0b\u5716\u662f\u5be6\u969b\u4e0a\u7684\u9577\u671f\u6301\u6709\uff0c\u6cbf\u9014\u6709\u597d\u5e7e\u6bb5\u6df1\u8c37\u3001\u6e56\u6cca\u8207\u9661\u5761\u624d\u5230\u7d42\u9ede\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a\u7db2\u8def\u6f2b\u756b\uff0c\u963f\u723e\u767c\u6295\u9867\u6574\u7406\u3002<\/figcaption><\/figure>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\">2\u3001\u4f60\u4e0d\u9700\u8981\u9ad8\u667a\u5546\u4e5f\u53ef\u4ee5\u7372\u5229\u8cfa\u9322<\/h2>\n\n<p class=\"wp-block-paragraph\">\u90e8\u5206\u91cd\u5927\u91d1\u878d\u5371\u6a5f\uff0c\u6b63\u662f\u7531\u4e00\u7fa4\u9802\u5c16\u8070\u660e\u7684\u4eba\u5f15\u767c\u30021998 \u5e74\uff0c\u7531\u5169\u4f4d\u8afe\u8c9d\u723e\u7d93\u6fdf\u5b78\u734e\u5f97\u4e3b\u53c3\u8207\u9818\u5c0e\u7684\u7f8e\u570b\u907f\u96aa\u57fa\u91d1\u9577\u671f\u8cc7\u672c\u7ba1\u7406\u516c\u53f8\uff08LTCM\uff09\uff0c\u4ee5\u7d04 30 \u500d\u7684\u69d3\u687f\u62bc\u6ce8\u5931\u5229\u3001\u7015\u81e8\u5012\u9589\uff0c\u6700\u5f8c\u7531\u7d10\u7d04\u806f\u90a6\u6e96\u5099\u9280\u884c\u51fa\u9762\u5354\u8abf 14 \u5bb6\u9280\u884c\u8207\u5238\u5546\u6ce8\u8cc7\u7d04 36 \u5104\u7f8e\u5143\u627f\u63a5\uff08\u8cc7\u6599\u4f86\u6e90\uff1aFederal Reserve History\uff0c\u3008Near Failure of Long-Term Capital Management\u3009\uff0chttps:\/\/www.federalreservehistory.org\/essays\/ltcm-near-failure\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u4eba\u9700\u8981\u7684\u662f\u826f\u597d\u7684\u60c5\u7dd2\u7ba1\u7406\uff0c\u4f8b\u5982\u63a7\u5236\u885d\u52d5\uff0c\u76e1\u91cf\u6e1b\u5c11\u6703\u8b93\u81ea\u5df1\u72af\u5927\u932f\u7684\u884c\u70ba\u3002<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2023\/02\/90052493_1920423411424027_7997890628899831808_n-1.png\" alt=\"\u6295\u8cc7\u4eba\u80fd\u638c\u63e1\u7684\u662f\u98a8\u96aa\u3001\u6210\u672c\u3001\u6642\u9593\u8207\u884c\u70ba\uff0c\u638c\u63e1\u4e0d\u4e86\u7684\u662f\u5831\u916c\uff0c\u504f\u504f\u591a\u6578\u4eba\u53ea\u76ef\u8457\u5831\u916c\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aVishal Khandelwal\uff08Safal Niveshak\uff09\u3002<\/figcaption><\/figure>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\">3\u3001\u6295\u8cc7\u5e02\u5834\u5206\u5169\u5927\u6d3e\u7cfb\uff1a\u4e3b\u52d5vs\u88ab\u52d5<\/h2>\n\n<p class=\"wp-block-paragraph\">\u8981\u7576\u4e00\u500b\u7a31\u8077\u7684\u6295\u8cc7\u4eba\uff0c\u4f60\u4e0d\u9700\u8981\u6bcf\u9031\u82b1 5\uff5e6 \u5c0f\u6642\u6216\u66f4\u591a\u6642\u9593\u64d4\u5fc3\u624b\u4e0a\u7684\u80a1\u7968\u6216\u5176\u4ed6\u6295\u8cc7\u3002\u958b\u59cb\u6295\u8cc7\u4e4b\u524d\uff0c\u5148\u628a\u4e3b\u52d5\u8207\u88ab\u52d5\u5169\u7a2e\u505a\u6cd5\u5f04\u6e05\u695a\uff0c\u9078\u4e00\u7a2e\u9069\u5408\u81ea\u5df1\u7684\u6295\u8cc7\u7b56\u7565\uff0c\u7136\u5f8c\u7167\u8a08\u756b\u57f7\u884c\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\/5884_\u4e3b\u52d5\u8207\u88ab\u52d5.png\" alt=\"\u4e3b\u52d5\u8207\u88ab\u52d5\u6295\u8cc7\u7684\u6bd4\u8f03\uff1a\u4e3b\u52d5\u6295\u8cc7\u60f3\u8d0f\u904e\u5e02\u5834\uff0c\u9760\u6311\u9078\u500b\u80a1\u8207\u5224\u65b7\u9032\u51fa\u6642\u9ede\uff0c\u9700\u8981\u6301\u7e8c\u7814\u7a76\uff0c\u4ea4\u6613\u6b21\u6578\u591a\u3001\u6210\u672c\u8f03\u9ad8\uff1b\u88ab\u52d5\u6295\u8cc7\u53d6\u5f97\u6574\u9ad4\u5e02\u5834\u5831\u916c\uff0c\u8cb7\u9032\u6307\u6578\u57fa\u91d1\u6216 ETF \u9577\u671f\u6301\u6709\uff0c\u4ea4\u6613\u6b21\u6578\u5c11\u3001\u6210\u672c\u8f03\u4f4e\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u6574\u7406\uff08\u793a\u610f\u5716\uff09\u3002<\/figcaption><\/figure>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\">4\u3001\u6295\u8cc7\u7684\u76ee\u6a19\u662f\u8981\u9054\u6210\u4f60\u81ea\u5df1\u7684\u5922\u60f3\uff0c\u4e0d\u662f\u6253\u6557\u5e02\u5834\u6216\u4f60\u7684\u540c\u4e8b\u3001\u9130\u5c45<\/h2>\n\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u4eba\u6700\u4e3b\u8981\u7684\u4efb\u52d9\uff0c\u662f\u9577\u671f\u4fdd\u8b77\u672c\u91d1\u3001\u8dd1\u8d0f\u901a\u8ca8\u81a8\u8139\uff0c\u7dad\u6301\u6216\u589e\u52a0\u8cfc\u8cb7\u529b\uff0c\u6700\u5f8c\u9054\u6210\u81ea\u5df1\u7684\u8ca1\u52d9\u76ee\u6a19\u3002\u8ddf\u81ea\u5df1\u6bd4\u5c31\u597d\uff0c\u4e0d\u7528\u64d4\u5fc3\u843d\u5f8c\u5225\u4eba\u3002<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2023\/02\/IMG_0303.png\" alt=\"\u8ca1\u5bcc\u96a8\u6642\u9593\u6210\u9577\u7684\u66f2\u7dda\uff1a\u524d\u6bb5\u6210\u9577\u7de9\u6162\uff0c\u8d8a\u5f80\u5f8c\u6210\u9577\u8d8a\u5feb\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aDarius Foroux\u3002<\/figcaption><\/figure>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\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\">5\u3001\u9ad8\u5831\u916c\u4f86\u81ea\u65bc\u9ad8\u98a8\u96aa\uff0c\u4f46\u9ad8\u98a8\u96aa\u4e0d\u7b49\u65bc\u9ad8\u5831\u916c<\/h2>\n\n<p class=\"wp-block-paragraph\">\u5982\u679c\u9ad8\u98a8\u96aa\u6295\u8cc7\u80fd\u7a69\u5b9a\u5e36\u4f86\u9ad8\u6536\u76ca\uff0c\u5b83\u7684\u98a8\u96aa\u5c31\u4e0d\u9ad8\u4e86\u3002\u6bd4\u8f03\u6b63\u78ba\u7684\u8aaa\u6cd5\u662f\uff0c\u9ad8\u98a8\u96aa\u6295\u8cc7\u70ba\u4e86\u5438\u5f15\u8cc7\u91d1\uff0c\u5fc5\u9808\u63d0\u4f9b\u8f03\u9ad8\u7684\u6f5b\u5728\u5831\u916c\u3001\u627f\u8afe\u5831\u916c\u6216\u9810\u671f\u5831\u916c\uff0c\u4f46\u8f03\u9ad8\u7684\u6f5b\u5728\u5831\u916c\u4e0d\u4ee3\u8868\u4e00\u5b9a\u6703\u514c\u73fe\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\/5884_\u9ad8\u98a8\u96aa\u8207\u5831\u916c\u5206\u5e03.png\" alt=\"\u5831\u916c\u5206\u5e03\u793a\u610f\uff1a\u4f4e\u98a8\u96aa\u6295\u8cc7\u7684\u7d50\u679c\u96c6\u4e2d\u3001\u5e73\u5747\u5831\u916c\u8f03\u4f4e\uff1b\u9ad8\u98a8\u96aa\u6295\u8cc7\u7684\u5e73\u5747\u5831\u916c\u8f03\u9ad8\uff0c\u4f46\u7d50\u679c\u5206\u6563\u5f97\u5f88\u958b\uff0c\u843d\u5728\u8667\u640d\u5340\u7684\u53ef\u80fd\u4e5f\u66f4\u5927\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u6574\u7406\uff08\u793a\u610f\u5716\uff09\u3002<\/figcaption><\/figure>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2023\/02\/0005.png\" alt=\"\u65b0\u805e\u622a\u5716\uff1a50 \u6b72\u5b85\u914d\u54e1\u6539\u884c\u505a\u671f\u8ca8\uff0c\u534a\u5e74\u8ce0\u6389 200 \u842c\u5143\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a\u7d93\u6fdf\u65e5\u5831\u3002<\/figcaption><\/figure>\n\n<h2 class=\"wp-block-heading\">6\u3001\u5225\u4ee5\u70ba\u300e\u9019\u6b21\u4e0d\u4e00\u6a23\u300f\u3002<\/h2>\n\n<p class=\"wp-block-paragraph\">\u50b3\u5947\u6295\u8cc7\u4eba Sir John Templeton \u66fe\u8aaa\uff1a<\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u6295\u8cc7\u4e2d\u6700\u5371\u96aa\u7684\u4e00\u53e5\u8a71\u662f\u300e\u9019\u6b21\u4e0d\u4e00\u6a23\u300f\u3002<\/em><\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">\u5e02\u5834\u6bcf\u4e00\u6b21\u7684\u7e41\u69ae\u8207\u856d\u689d\uff0c\u767c\u751f\u7684\u65b9\u5f0f\u5e7e\u4e4e\u76f8\u540c\uff0c\u53ea\u662f\u6642\u7a7a\u80cc\u666f\u4e0d\u4e00\u6a23\uff0c\u4e0d\u8b8a\u7684\u662f\u4eba\u6027\uff1b\u7576\u6295\u8cc7\u4eba\u958b\u59cb\u76f8\u4fe1\u300c\u9019\u6b21\u4e0d\u4e00\u6a23\u300d\uff0c\u5f80\u5f80\u5c31\u662f\u958b\u59cb\u8ce0\u9322\u7684\u6642\u5019\u3002<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\">7\u3001\u5225\u807d\u4fe1\u4f3c\u662f\u800c\u975e\u7684\u89c0\u5ff5<\/h2>\n\n<p class=\"wp-block-paragraph\">\u300c\u591a\u5143\u914d\u7f6e\u662f\u7d66\u5931\u6557\u7684\u6295\u8cc7\u4eba\uff0c\u4f60\u5fc5\u9808\u96c6\u4e2d\u706b\u529b\uff0c\u96c6\u4e2d\u6295\u8cc7\u3002\u300d\u9019\u662f\u8a31\u591a\u5e74\u8f15\u7684\u4e3b\u52d5\u6295\u8cc7\u4eba\u5e38\u7d66\u7684\u5efa\u8b70\uff0c\u5c0d\u5927\u591a\u6578\u525b\u5165\u9580\u7684\u6295\u8cc7\u4eba\u4f86\u8aaa\uff0c\u9019\u662f\u98a8\u96aa\u5f88\u9ad8\u7684\u5efa\u8b70\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u96c6\u4e2d\u6295\u8cc7\u78ba\u5be6\u6709\u6a5f\u6703\u8b93\u4f60\u8cfa\u5927\u9322\uff0c\u4f46\u4e5f\u85cf\u8457\u5de8\u5927\u7684\u98a8\u96aa\uff0c\u53ef\u80fd\u8b93\u4f60\u4e00\u5915\u4e4b\u9593\u8ce0\u5149\u3001\u96e2\u958b\u5e02\u5834\uff0c\u53ea\u662f\u9019\u500b\u98a8\u96aa\u8981\u96a8\u8457\u6642\u9593\u904e\u53bb\u624d\u6703\u986f\u73fe\u3002\u5728\u78ba\u5b9a\u76ee\u6a19\u90fd\u80fd\u9054\u6210\u4e4b\u524d\uff0c\u8acb\u505a\u5230\u8db3\u5920\u7684<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=14764\">\u591a\u5143\u914d\u7f6e<\/a>\u3002<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\">8\u3001\u4f5c\u70ba\u6295\u8cc7\u8005\uff0c\u4f60\u9700\u8981\u7684\u662f\u7368\u7acb\u601d\u8003<\/h2>\n\n<p class=\"wp-block-paragraph\">\u9322\u4e00\u5b9a\u8981\u653e\u5728\u81ea\u5df1\u540d\u4e0b\u7684\u5e33\u6236\uff0c\u9078\u64c7\u5408\u6cd5\u7684\u6295\u8cc7\u7ba1\u9053\u8207\u91d1\u7ba1\u6703\u7ba1\u8f44\u7684\u91d1\u878d\u6a5f\u69cb\uff0c\u4e0d\u8981\u628a\u9322\u4ea4\u7d66\u500b\u4eba\u4ee3\u70ba\u64cd\u4f5c\u3002<strong>\u8a50\u9a19\u7316\u7357\uff0c\u5343\u842c\u4e0d\u80fd\u628a\u9322\u4ea4\u7d66\u4ed6\u4eba\u6295\u8cc7\u3002<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">\u6bcf\u500b\u4eba\u7684\u80cc\u666f\u8207\u72c0\u6cc1\u5b8c\u5168\u4e0d\u540c\uff0c\u5225\u4eba\u7684\u5efa\u8b70\u4e0d\u898b\u5f97\u662f\u4f9d\u7167\u4f60\u7576\u4e0b\u7684\u60c5\u6cc1\u7d66\u7684\uff0c\u6700\u4e86\u89e3\u81ea\u5df1\u72c0\u6cc1\u7684\u9084\u662f\u4f60\u81ea\u5df1\uff0c\u6240\u4ee5\u5148\u597d\u597d\u5145\u5be6\u6295\u8cc7\u77e5\u8b58\uff0c\u518d\u597d\u597d\u9078\u64c7\u3002<\/p>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\">9\u3001\u6295\u8cc7\u7684\u671f\u9593\u8d8a\u9577\uff0c\u4f60\u7372\u5229\u7684\u6a5f\u6703\u8d8a\u9ad8<\/h2>\n\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u4eba\u4e0d\u662f\u9760\u4ea4\u6613\u7372\u5229\uff0c\u662f\u9760\u7b49\u5f85\u7372\u5229\u3002<\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u91d1\u9322\u50cf\u80a5\u7682\uff0c\u4f60\u8d8a\u6413\u5b83\uff0c\u5b83\u5c31\u8d8a\u5c11\u3002<\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">\u6709\u4e9b\u91d1\u878d\u6a5f\u69cb\u7684\u6536\u5165\u4f86\u81ea\u6295\u8cc7\u4eba\u4ea4\u6613\u7684\u624b\u7e8c\u8cbb\uff0c\u4ea4\u6613\u8d8a\u983b\u7e41\uff0c\u5b83\u5011\u7684\u6536\u5165\u8d8a\u9ad8\uff0c\u5c0d\u6295\u8cc7\u4eba\u537b\u672a\u5fc5\u662f\u597d\u4e8b\u3002\u505a\u597d\u5168\u7403\u8cc7\u7522\u914d\u7f6e\u3001<strong>\u9577\u671f\u6301\u6709<\/strong>\uff0c\u6301\u6709\u671f\u9593\u8d8a\u9577\uff0c\u5f97\u5230\u6b63\u5831\u916c\u7684\u6a5f\u7387\u5c31\u8d8a\u9ad8\u3002<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2023\/02\/0004.png\" alt=\"\u5168\u7403\u80a1\u5e02 70%\u3001\u7f8e\u570b\u50b5\u5e02 30% \u7684\u6a21\u64ec\u6295\u8cc7\u7d44\u5408\uff0c\u6301\u6709 1 \u500b\u6708\u5f97\u5230\u6b63\u5831\u916c\u7684\u6a5f\u7387 66.3%\uff0c\u6301\u6709 1 \u5e74 82.8%\u30015 \u5e74 99.2%\uff0c\u6301\u6709 10 \u5e74\u4ee5\u4e0a\u70ba 100%\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar\uff0c\u963f\u723e\u767c\u6295\u9867\u6574\u7406\uff1b\u6a21\u64ec\u6295\u8cc7\u7d44\u5408\uff08\u5168\u7403\u80a1\u5e02 70%\uff0b\u7f8e\u570b\u6574\u9ad4\u50b5\u5e02 30%\uff09\u56de\u6e2c\uff0c\u8cc7\u6599\u671f\u9593 1972\/12\/31 \u81f3 2021\/5\/31\uff0c\u672a\u8a08\u6295\u8cc7\u6210\u672c\u8207\u7a05\u8ca0\uff0c\u80a1\u606f\u518d\u6295\u8cc7\u3002\u6a21\u64ec\u7d50\u679c\u4e0d\u4ee3\u8868\u5be6\u969b\u5e33\u6236\u7e3e\u6548\uff0c\u904e\u53bb\u7e3e\u6548\u4e0d\u4ee3\u8868\u672a\u4f86\u8868\u73fe\u3002<\/figcaption><\/figure>\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n<h2 class=\"wp-block-heading\">10\u3001\u5e02\u5834\u4e0d\u6703\u6bcf\u5929\u4e0b\u8dcc\uff0c\u6bcf\u6b21\u4e0b\u8dcc\u90fd\u662f\u4f60\u66f4\u5feb\u9054\u6210\u76ee\u6a19\u7684\u6a5f\u6703<\/h2>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u8ad6\u91d1\u878d\u5371\u6a5f\u662f\u5927\u662f\u5c0f\uff0c\u60b2\u89c0\u8207\u4e0b\u8dcc\u7684\u5e02\u5834\u7d42\u7a76\u6703\u7d50\u675f\uff0c<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=817\" title=\"\u718a\u5e02\">\u718a\u5e02<\/a>\u4e5f\u4e00\u6a23\uff1b\u5c0d\u6301\u7e8c\u6295\u5165\u7684\u4eba\u4f86\u8aaa\uff0c\u718a\u5e02\u662f\u7528\u8f03\u4f4e\u50f9\u683c\u8cb7\u9032\u7684\u6642\u671f\uff0c\u96e2\u76ee\u6a19\u53cd\u800c\u66f4\u8fd1\u3002<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2023\/02\/0006.png\" alt=\"MSCI ACWI \u5168\u7403\u80a1\u5e02 1987 \u5e74\u81f3 2022 \u5e74\u7684\u8d70\u52e2\uff0c\u7d2f\u7a4d\u7e3d\u5831\u916c 1,347%\u3001\u5e74\u5316\u5831\u916c\u7387 7.7%\uff0c\u5716\u4e0a\u6a19\u51fa\u9ed1\u8272\u661f\u671f\u4e00\u3001\u4e9e\u6d32\u91d1\u878d\u98a8\u66b4\u3001\u79d1\u6280\u6ce1\u6cab\u3001911\u3001\u91d1\u878d\u6d77\u562f\u3001\u6b50\u50b5\u5371\u6a5f\u3001Covid-19\u3001\u70cf\u4fc4\u6230\u722d\u7b49\u4e8b\u4ef6\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aMSCI\uff0c\u963f\u723e\u767c\u6295\u9867\u6574\u7406\uff1b\u8cc7\u6599\u671f\u9593 1987\/01 \u81f3 2022\/12\uff0c\u63a1\u7528 MSCI ACWI GR Index\u3002<\/figcaption><\/figure>\n\n<p 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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","protected":false},"excerpt":{"rendered":"<p>\u6295\u8cc7\u65b0\u624b\u5148\u61c2\u7684 10 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