{"id":6933,"date":"2025-03-05T10:55:19","date_gmt":"2025-03-05T02:55:19","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=6933"},"modified":"2026-10-22T17:16:11","modified_gmt":"2026-10-22T09:16:11","slug":"%e5%82%b5%e5%88%b8%e6%98%af%e4%bb%80%e9%ba%bc%ef%bc%9f%e5%82%b5%e5%88%b8%e6%80%8e%e9%ba%bc%e8%b2%b7%ef%bc%9f%e5%82%b5%e5%88%b8%e6%8a%95%e8%b3%87%e7%9a%84%e6%88%90%e6%9c%ac%e6%80%8e%e9%ba%bc%e7%ae%97","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=6933","title":{"rendered":"\u50b5\u5238\u662f\u4ec0\u9ebc\u3001\u600e\u9ebc\u8cb7\uff1f\u53f0\u70634\u7a2e\u7ba1\u9053\u3001\u50f9\u5dee\u8a66\u7b97\u82076\u7a2e\u98a8\u96aa"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>\u50b5\u5238\u662f\u653f\u5e9c\u6216\u4f01\u696d\u501f\u9322\u958b\u51fa\u7684\u501f\u64da\uff1a\u767c\u884c\u4eba\u5b9a\u671f\u4ed8\u606f\u3001\u5230\u671f\u9084\u9762\u984d\uff1b\u53f0\u7063\u53ef\u7d93\u90f5\u5c40\u3001\u8b49\u5238\u5546\u3001\u9280\u884c\u6216\u50b5\u5238 ETF \u8cb7\u9032\u3002<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">\u8cb7\u9032\u50b5\u5238\uff0c\u7b49\u65bc\u6210\u70ba\u767c\u884c\u4eba\u7684\u50b5\u6b0a\u4eba\uff0c\u767c\u884c\u4eba\u627f\u8afe\u5728\u7d04\u5b9a\u671f\u9593\u5b9a\u671f\u4ed8\u606f\uff0c\u5230\u671f\u65e5\u6b78\u9084\u9762\u984d\uff0c\u6301\u6709\u5230\u671f\u4e14\u767c\u884c\u4eba\u6c92\u6709\u9055\u7d04\uff0c\u5c31\u80fd\u9818\u56de\u9762\u984d\u8207\u5168\u90e8\u5229\u606f\u3002<\/p>\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u50b5\u5238\u7684\u5831\u916c\u5728\u8cb7\u9032\u90a3\u4e00\u523b\u5927\u81f4\u5c31\u5b9a\u4e86\uff0c\u98a8\u96aa\u5728\u65bc\u80fd\u4e0d\u80fd\u6490\u5230\u5230\u671f\u3001\u767c\u884c\u4eba\u80fd\u4e0d\u80fd\u9084\u9322\u3002<\/p>\n<p>\u53f0\u7063\u516c\u50b5\u53ef\u5728\u767c\u884c\u524d\u5411\u6307\u5b9a\u90f5\u5c40\u6216\u8b49\u5238\u7d93\u7d00\u5546\u9810\u7d04\u7533\u8cfc<sup>[5]<\/sup>\uff0c\u516c\u53f8\u50b5\u8207\u6d77\u5916\u50b5\u900f\u904e\u9280\u884c\u6216\u8b49\u5238\u5546\u8cb7\uff0c\u5c0f\u984d\u53ef\u7528\u50b5\u5238 ETF \u4e00\u80a1\u8d77\u8cb7\u3002<\/p>\n<p>\u50b5\u5238\u4e5f\u6703\u8667\uff0c\u5229\u7387\u3001\u4fe1\u7528\u3001\u901a\u81a8\u3001\u518d\u6295\u8cc7\u3001\u6d41\u52d5\u6027\u3001\u532f\u7387\u516d\u7a2e\u98a8\u96aa\u88e1\uff0c2022 \u5e74\u7684\u5229\u7387\u6025\u5347\u8b93\u7f8e\u570b\u6295\u8cc7\u7d1a\u50b5\u5238\u6307\u6578\u5168\u5e74 \u221213.01%<sup>[4]<\/sup>\uff0c\u540c\u5e74\u7f8e\u80a1\u4e5f\u4e0b\u8dcc\u3002<\/p>\n<\/blockquote>\n\n<p class=\"wp-block-paragraph\">\u5168\u7403\u50b5\u5238\u5e02\u5834\u7684\u898f\u6a21\u6bd4\u80a1\u5e02\u9084\u5927\uff0cSIFMA \u7d71\u8a08 2025 \u5e74\u5e95\u5168\u7403\u56fa\u5b9a\u6536\u76ca\u8b49\u5238\u9918\u984d\u70ba 160.7 \u5146\u7f8e\u5143\uff0c\u5168\u7403\u80a1\u5e02\u5e02\u503c\u70ba 157.8 \u5146\u7f8e\u5143<sup>[1]<\/sup>\uff0c\u7c21\u55ae\u4f86\u8b1b\uff0c\u5168\u4e16\u754c\u501f\u51fa\u53bb\u7684\u9322\uff0c\u6bd4\u5168\u4e16\u754c\u516c\u53f8\u7684\u80a1\u7968\u52a0\u8d77\u4f86\u9084\u591a\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u7df4\u904e\u6b66\u8853\u7684\u4eba\u90fd\u77e5\u9053\uff0c\u62db\u5f0f\u597d\u770b\uff0c\u7ad9\u5f97\u7a69\u9760\u7684\u662f\u99ac\u6b65\uff0c\u6295\u8cc7\u7d44\u5408\u88e1\u7684\u80a1\u7968\u662f\u62db\u5f0f\uff0c\u50b5\u5238\u6bd4\u8f03\u50cf\u99ac\u6b65\uff0c\u4e0d\u83ef\u9e97\uff0c\u88ab\u63a8\u7684\u6642\u5019\u624d\u77e5\u9053\u5b83\u7684\u7528\u8655\uff08\u4e0d\u904e\u99ac\u6b65\u7d2e\u5f97\u518d\u7a69\uff0c\u529b\u9053\u5920\u5927\u4e00\u6a23\u6703\u6643\uff0c2022 \u5e74\u5c31\u662f\u9019\u6a23\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u60f3\u76f4\u63a5\u6bd4\u8f03\u7f8e\u570b\u516c\u50b5\u8207\u7f8e\u50b5 ETF\uff0c\u53ef\u770b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=11089\">\u300a\u7f8e\u50b5\u662f\u4ec0\u9ebc\u300b<\/a>\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u95dc\u9375\u6578\u64da<\/h2>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u6578\u64da<\/th>\n<th>\u503c<\/th>\n<th>\u65e5\u671f<\/th>\n<th>\u4f86\u6e90<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u5168\u7403\u56fa\u5b9a\u6536\u76ca\u8b49\u5238\u9918\u984d<\/td>\n<td>160.7 \u5146\u7f8e\u5143\uff08\u5e74\u589e 10.6%\uff09<\/td>\n<td>2025 \u5e74\u5e95<\/td>\n<td>SIFMA<sup>[1]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b\u5360\u5168\u7403\u50b5\u5e02\u6bd4\u91cd<\/td>\n<td>38.1%\uff0861.2 \u5146\u7f8e\u5143\uff09<\/td>\n<td>2025 \u5e74\u5e95<\/td>\n<td>SIFMA<sup>[1]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b 3 \u500b\u6708\u671f\u516c\u50b5\u6b96\u5229\u7387<\/td>\n<td>4.26%<\/td>\n<td>2026-10-16<\/td>\n<td>\u7f8e\u570b\u8ca1\u653f\u90e8<sup>[2]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b 10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387<\/td>\n<td>5.09%\uff0810\/5 \u70ba 5.31%\uff09<\/td>\n<td>2026-10-16<\/td>\n<td>\u7f8e\u570b\u8ca1\u653f\u90e8<sup>[2]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b 30 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387<\/td>\n<td>5.43%<\/td>\n<td>2026-10-16<\/td>\n<td>\u7f8e\u570b\u8ca1\u653f\u90e8<sup>[2]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u806f\u90a6\u8cc7\u91d1\u5229\u7387\u76ee\u6a19\u5340\u9593<\/td>\n<td>3.75%\u20134.00%<\/td>\n<td>2026-09-16<\/td>\n<td>\u806f\u6e96\u6703<sup>[3]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b\u6295\u8cc7\u7d1a\u50b5\u5238\u6307\u6578 2022 \u5e74\u5831\u916c<\/td>\n<td>\u221213.01%<\/td>\n<td>2022 \u5168\u5e74<\/td>\n<td>Bloomberg U.S. Aggregate\uff0ciShares \u57fa\u91d1\u6708\u5831<sup>[4]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u53f0\u7063\u500b\u4eba\u50b5\u5238\u5229\u606f\u7a05\u7387<\/td>\n<td>10% \u5206\u96e2\u8ab2\u7a05<\/td>\n<td>\u73fe\u884c<\/td>\n<td>\u6240\u5f97\u7a05\u6cd5\u7b2c 14 \u689d\u4e4b 1\u3001\u8ca1\u653f\u90e8<sup>[9][10]<\/sup><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<h2 class=\"wp-block-heading\">\u50b5\u5238\u662f\u4ec0\u9ebc\uff1f\u4e00\u53e5\u8a71\u5b9a\u7fa9<\/h2>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u662f\u767c\u884c\u4eba\uff08\u653f\u5e9c\u3001\u91d1\u878d\u6a5f\u69cb\u6216\u4f01\u696d\uff09\u5411\u6295\u8cc7\u4eba\u501f\u9322\u3001\u627f\u8afe\u5b9a\u671f\u4ed8\u606f\u4e26\u5728\u5230\u671f\u65e5\u511f\u9084\u9762\u984d\u7684\u50b5\u52d9\u6191\u8b49\uff0c\u5c6c\u65bc\u56fa\u5b9a\u6536\u76ca\u8b49\u5238\uff08fixed income\uff09\uff0c\u6295\u8cc7\u4eba\u8cb7\u50b5\u5238\uff0c\u662f\u628a\u9322\u501f\u7d66\u767c\u884c\u4eba\uff0c\u5229\u606f\u662f\u501f\u9322\u7684\u5831\u916c\uff0c\u4e5f\u53eb\u7968\u9762\u5229\u606f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5e38\u6709\u4eba\u628a\u300c\u50b5\u5238\u300d\u6253\u6210\u300c\u50b5\u5377\u300d\uff0c\u67e5\u7684\u90fd\u662f\u540c\u4e00\u4ef6\u4e8b\uff0c\u300c\u50b5\u5238\u300d\u7684\u300c\u5238\u300d\u662f\u6191\u8b49\u7684\u610f\u601d\uff0c\u8207\u300c\u8b49\u5238\u300d\u7684\u300c\u5238\u300d\u540c\u5b57\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u8209\u4e00\u500b\u4f8b\u5b50\uff0c\u9762\u984d 1,000 \u7f8e\u5143\u3001\u7968\u9762\u5229\u7387 5%\u300110 \u5e74\u5230\u671f\u7684\u50b5\u5238\uff0c\u6301\u6709\u4eba\u6bcf\u5e74\u5408\u8a08\u6536\u5230 1,000 \u00d7 5% \uff1d 50 \u7f8e\u5143\u5229\u606f\uff08\u7f8e\u570b\u516c\u50b5\u70ba\u6bcf\u534a\u5e74\u4ed8\u4e00\u6b21<sup>[6]<\/sup>\uff0c\u4e00\u6b21 25 \u7f8e\u5143\uff09\uff0c10 \u5e74\u5f8c\u62ff\u56de\u9762\u984d\uff0c\u53ea\u8981\u767c\u884c\u4eba\u4e0d\u9055\u7d04\u3001\u6295\u8cc7\u4eba\u4e0d\u5728\u4e2d\u9014\u8ce3\u51fa\uff0c\u9019 10 \u5e74\u7684\u73fe\u91d1\u6d41\u5728\u8cb7\u9032\u6642\u5c31\u5df2\u78ba\u5b9a\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5716 1 \u986f\u793a\u9019\u7b46\u501f\u64da\u7684\u4e00\u751f\uff1a\u4e00\u958b\u59cb\u4ed8\u51fa\u9762\u984d\uff0c\u4e2d\u9593\u6bcf\u534a\u5e74\u6536\u4e00\u6b21\u5229\u606f\uff0c\u6700\u5f8c\u4e00\u5929\u62ff\u56de\u672c\u91d1\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\/6933_\u50b5\u5238\u73fe\u91d1\u6d41.png\" alt=\"\u9762\u984d 1,000 \u7f8e\u5143\u3001\u7968\u9762\u5229\u7387 5%\u300110 \u5e74\u671f\u50b5\u5238\u7684\u73fe\u91d1\u6d41\uff1a\u7b2c 0 \u5e74\u4ed8\u51fa 1,000 \u7f8e\u5143\uff0c\u4e4b\u5f8c\u6bcf\u534a\u5e74\u6536 25 \u7f8e\u5143\u5229\u606f\u5171 20 \u6b21\uff0c\u7b2c 10 \u5e74\u9818\u56de 1,000 \u7f8e\u5143\u9762\u984d\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u6574\u7406\uff08\u8a66\u7b97\u4f8b\uff1b\u7f8e\u570b\u4e2d\u9577\u671f\u516c\u50b5\u70ba\u6bcf\u534a\u5e74\u4ed8\u606f\uff0cTreasuryDirect\uff09\u3002<\/figcaption><\/figure>\n\n<h3 class=\"wp-block-heading\">\u50b5\u5238\u7684\u904b\u4f5c\u65b9\u5f0f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u5f9e\u767c\u884c\u5230\u5230\u671f\uff0c\u5206\u6210\u56db\u500b\u74b0\u7bc0\uff1a<\/p>\n\n<ol class=\"wp-block-list\">\n<li>\u767c\u884c\uff1a\u653f\u5e9c\u6216\u4f01\u696d\u516c\u544a\u767c\u884c\u689d\u4ef6\uff08\u9762\u984d\u3001\u7968\u9762\u5229\u7387\u3001\u671f\u9650\uff09\uff0c\u5411\u6295\u8cc7\u4eba\u7c4c\u8cc7<\/li>\n<li>\u8a8d\u8cfc\u6216\u8cb7\u9032\uff1a\u6295\u8cc7\u4eba\u5728\u767c\u884c\u6642\u8a8d\u8cfc\uff0c\u6216\u5728\u6b21\u7d1a\u5e02\u5834\u5411\u5176\u4ed6\u6301\u6709\u4eba\u8cb7\u9032<\/li>\n<li>\u4ed8\u606f\uff1a\u767c\u884c\u4eba\u4f9d\u7d04\u5b9a\u983b\u7387\uff08\u6bcf\u5e74\u3001\u6bcf\u534a\u5e74\u6216\u6bcf\u5b63\uff09\u652f\u4ed8\u5229\u606f<\/li>\n<li>\u5230\u671f\u9084\u672c\uff1a\u5230\u671f\u65e5\u767c\u884c\u4eba\u6b78\u9084\u9762\u984d\uff0c\u50b5\u5238\u7d50\u675f<\/li>\n<\/ol>\n\n<p class=\"wp-block-paragraph\">\u4e2d\u9014\u60f3\u62ff\u56de\u9322\uff0c\u53ea\u80fd\u628a\u50b5\u5238\u8ce3\u7d66\u5225\u4eba\uff0c\u50f9\u683c\u7531\u7576\u6642\u7684\u5e02\u5834\u6c7a\u5b9a\uff0c\u9019\u4e5f\u662f\u300c\u6301\u6709\u5230\u671f\u300d\u8207\u300c\u4e2d\u9014\u8ce3\u51fa\u300d\u7d50\u679c\u5dee\u5f88\u591a\u7684\u539f\u56e0\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u50b5\u5238\u76f8\u95dc\u540d\u8a5e<\/h3>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u540d\u8a5e<\/th>\n<th>\u82f1\u6587<\/th>\n<th>\u610f\u601d<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u9762\u984d<\/td>\n<td>Par \/ Face Value<\/td>\n<td>\u5230\u671f\u6642\u767c\u884c\u4eba\u6b78\u9084\u7684\u91d1\u984d\uff0c\u7f8e\u5143\u50b5\u5e38\u898b 1,000 \u7f8e\u5143\u6216 100 \u7f8e\u5143\u70ba\u4e00\u55ae\u4f4d<\/td>\n<\/tr>\n<tr>\n<td>\u7968\u9762\u5229\u7387<\/td>\n<td>Coupon Rate<\/td>\n<td>\u6bcf\u5e74\u5229\u606f\u5360\u9762\u984d\u7684\u6bd4\u7387\uff0c\u767c\u884c\u6642\u5c31\u56fa\u5b9a\uff08\u6d6e\u52d5\u5229\u7387\u50b5\u9664\u5916\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u5230\u671f\u65e5<\/td>\n<td>Maturity Date<\/td>\n<td>\u6b78\u9084\u9762\u984d\u7684\u65e5\u671f<\/td>\n<\/tr>\n<tr>\n<td>\u50f9\u683c<\/td>\n<td>Price<\/td>\n<td>\u6b21\u7d1a\u5e02\u5834\u6210\u4ea4\u50f9\uff0c\u5e38\u4ee5\u9762\u984d\u7684\u767e\u5206\u6bd4\u5831\u50f9\uff0c\u4f8b\u5982 98.5 \u4ee3\u8868\u9762\u984d\u7684 98.5%<\/td>\n<\/tr>\n<tr>\n<td>\u5230\u671f\u6b96\u5229\u7387<\/td>\n<td>Yield to Maturity, YTM<\/td>\n<td>\u4ee5\u76ee\u524d\u50f9\u683c\u8cb7\u9032\u4e26\u6301\u6709\u5230\u671f\uff0c\u6bcf\u5e74\u5e73\u5747\u80fd\u5f97\u5230\u7684\u5831\u916c\u7387\uff1b\u628a\u5229\u606f\u8207\u50f9\u5dee\u90fd\u7b97\u9032\u53bb<\/td>\n<\/tr>\n<tr>\n<td>\u5b58\u7e8c\u671f\u9593<\/td>\n<td>Duration<\/td>\n<td>\u8861\u91cf\u50f9\u683c\u5c0d\u5229\u7387\u8b8a\u52d5\u7684\u654f\u611f\u5ea6\uff0c\u6578\u5b57\u8d8a\u5927\uff0c\u5229\u7387\u8b8a\u52d5\u6642\u50f9\u683c\u8d77\u4f0f\u8d8a\u5927<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u6bd4\u8f03\u50b5\u5238\u6642\u8981\u770b\u5230\u671f\u6b96\u5229\u7387\uff0c\u4e0d\u770b\u7968\u9762\u5229\u7387\uff0c\u540c\u6a23\u7968\u9762\u5229\u7387 4.5% \u7684\u50b5\u5238\uff0c\u7528 89.55 \u8cb7\u9032\u548c\u7528 100 \u8cb7\u9032\uff0c\u6301\u6709\u5230\u671f\u7684\u5831\u916c\u5dee\u5f88\u591a\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u50b5\u5238\u6709\u54ea\u4e9b\u7a2e\u985e\uff1f\u4fe1\u7528\u8a55\u7d1a\u600e\u9ebc\u770b\uff1f<\/h2>\n\n<h3 class=\"wp-block-heading\">\u4f9d\u767c\u884c\u4eba\u5206\u985e<\/h3>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u7a2e\u985e<\/th>\n<th>\u767c\u884c\u4eba<\/th>\n<th>\u7279\u8272<\/th>\n<th>\u4e3b\u8981\u98a8\u96aa<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u570b\u50b5\uff0f\u516c\u50b5<\/td>\n<td>\u4e2d\u592e\u653f\u5e9c<\/td>\n<td>\u672c\u570b\u8ca8\u5e63\u8a08\u50f9\u7684\u5df2\u958b\u767c\u570b\u5bb6\u516c\u50b5\uff0c\u4fe1\u7528\u98a8\u96aa\u6700\u4f4e<\/td>\n<td>\u5229\u7387\u98a8\u96aa<\/td>\n<\/tr>\n<tr>\n<td>\u5730\u65b9\u653f\u5e9c\u50b5<\/td>\n<td>\u5dde\u3001\u7e23\u5e02\u653f\u5e9c<\/td>\n<td>\u4fe1\u7528\u7565\u4f4e\u65bc\u4e2d\u592e\u653f\u5e9c<\/td>\n<td>\u5229\u7387\u3001\u4fe1\u7528<\/td>\n<\/tr>\n<tr>\n<td>\u91d1\u878d\u50b5<\/td>\n<td>\u9280\u884c\u3001\u4fdd\u96aa\u516c\u53f8<\/td>\n<td>\u5229\u7387\u901a\u5e38\u9ad8\u65bc\u540c\u5929\u671f\u516c\u50b5\uff1b\u6709\u6b21\u9806\u4f4d\u3001\u6c38\u7e8c\u7b49\u689d\u6b3e<\/td>\n<td>\u4fe1\u7528\u3001\u689d\u6b3e\u98a8\u96aa<\/td>\n<\/tr>\n<tr>\n<td>\u516c\u53f8\u50b5<\/td>\n<td>\u4e00\u822c\u4f01\u696d<\/td>\n<td>\u5229\u7387\u9ad8\u4f4e\u8996\u516c\u53f8\u4fe1\u7528\u800c\u5b9a<\/td>\n<td>\u4fe1\u7528\u3001\u6d41\u52d5\u6027<\/td>\n<\/tr>\n<tr>\n<td>\u96f6\u606f\u50b5<\/td>\n<td>\u5404\u985e\u767c\u884c\u4eba<\/td>\n<td>\u4e0d\u914d\u606f\uff0c\u4ee5\u6298\u50f9\u8cb7\u9032\u3001\u5230\u671f\u9818\u56de\u9762\u984d<\/td>\n<td>\u5229\u7387\u98a8\u96aa\u8f03\u5927<\/td>\n<\/tr>\n<tr>\n<td>\u6d6e\u52d5\u5229\u7387\u50b5<\/td>\n<td>\u5404\u985e\u767c\u884c\u4eba<\/td>\n<td>\u5229\u606f\u96a8\u5e02\u5834\u5229\u7387\u8abf\u6574<\/td>\n<td>\u4fe1\u7528<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u91d1\u878d\u50b5\u7684\u7f3a\u9ede\u5e38\u88ab\u5ffd\u7565\uff0c\u6b21\u9806\u4f4d\u91d1\u878d\u50b5\u5728\u767c\u884c\u6a5f\u69cb\u6e05\u7b97\u6642\uff0c\u6c42\u511f\u9806\u5e8f\u6392\u5728\u4e00\u822c\u50b5\u6b0a\u4eba\u4e4b\u5f8c\uff0c\u90e8\u5206\u9280\u884c\u767c\u884c\u7684\u984d\u5916\u7b2c\u4e00\u985e\u8cc7\u672c\u50b5\uff08AT1\uff09\u5728\u7279\u5b9a\u689d\u4ef6\u4e0b\u53ef\u4ee5\u6e1b\u8a18\uff0c2023 \u5e74\u745e\u58eb\u4fe1\u8cb8\u4e8b\u4ef6\u5c31\u662f\u5be6\u4f8b\uff0c\u7d93\u904e\u898b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=6322\">\u300a\u745e\u58eb\u4fe1\u8cb8\u70ba\u4ec0\u9ebc\u6703\u5012\u9589\u300b<\/a>\uff0c\u5e02\u5834\u600e\u9ebc\u66ff\u767c\u884c\u4eba\u7684\u9055\u7d04\u6a5f\u7387\u5b9a\u50f9\uff0c\u53ef\u4ee5\u770b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=13762\">\u4fe1\u7528\u9055\u7d04\u4e92\u63db\uff08CDS\uff09<\/a>\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u4fe1\u7528\u8a55\u7d1a<\/h3>\n\n<p class=\"wp-block-paragraph\">\u4fe1\u7528\u8a55\u7d1a\u7531\u6a19\u666e\uff08S&amp;P\uff09\u3001\u7a46\u8fea\uff08Moody&#8217;s\uff09\u3001\u60e0\u8b7d\uff08Fitch\uff09\u7b49\u6a5f\u69cb\u8a55\u5b9a\uff0c\u8861\u91cf\u767c\u884c\u4eba\u6309\u6642\u4ed8\u606f\u9084\u672c\u7684\u80fd\u529b\uff0c\u4ee5\u6a19\u666e\u7684\u5beb\u6cd5\uff0cAAA\u3001AA \u662f\u9ad8\u6295\u8cc7\u7d1a\uff0c\u511f\u50b5\u80fd\u529b\u5f88\u5f37\uff0cA\u3001BBB \u662f\u6295\u8cc7\u7d1a\uff0c\u511f\u50b5\u80fd\u529b\u8db3\u5920\uff0c\u666f\u6c23\u8f49\u5dee\u6642\u6703\u53d7\u5f71\u97ff\uff0cBB \u4ee5\u4e0b\u662f\u975e\u6295\u8cc7\u7d1a\uff0c\u4e5f\u5c31\u662f\u9ad8\u6536\u76ca\u50b5\uff0c\u5229\u7387\u8f03\u9ad8\uff0c\u9055\u7d04\u98a8\u96aa\u4e5f\u660e\u986f\u8f03\u9ad8\uff08\u50cf\u6b66\u9928\u7684\u6bb5\u4f4d\uff0c\u6bb5\u4f4d\u8d8a\u4f4e\uff0c\u51fa\u624b\u8d8a\u4e0d\u7a69\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u8a55\u7d1a\u8d8a\u4f4e\uff0c\u767c\u884c\u4eba\u8981\u4ed8\u7684\u5229\u7387\u8d8a\u9ad8\uff0c\u56e0\u70ba\u6295\u8cc7\u4eba\u8981\u6c42\u88dc\u511f\u9055\u7d04\u98a8\u96aa\uff0c\u9ad8\u6536\u76ca\u50b5\u7684\u5e38\u898b\u8aa4\u89e3\uff0c\u53ef\u53c3\u8003<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=2075\">\u300a\u56db\u500b\u95dc\u65bc\u9ad8\u6536\u76ca\u50b5\u5238\u7684\u8ff7\u601d\u300b<\/a>\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u7f8e\u570b\u516c\u50b5\u7684\u4e09\u7a2e\u671f\u9650<\/h3>\n\n<p class=\"wp-block-paragraph\">\u7f8e\u570b\u806f\u90a6\u653f\u5e9c\u767c\u884c\u7684\u53ef\u4ea4\u6613\u516c\u50b5\u4f9d\u671f\u9650\u5206\u6210\u4e09\u985e<sup>[6][7]<\/sup>\uff1a\u570b\u5eab\u5238\uff08Treasury Bills\uff09\u671f\u9650 52 \u9031\u4ee5\u5167\uff0c\u4e0d\u4ed8\u606f\u3001\u6298\u50f9\u767c\u884c\uff1b\u4e2d\u671f\u516c\u50b5\uff08Treasury Notes\uff09\u6709 2\u30013\u30015\u30017\u300110 \u5e74\uff0c\u9577\u671f\u516c\u50b5\uff08Treasury Bonds\uff09\u6709 20\u300130 \u5e74\uff0c\u5169\u8005\u90fd\u662f\u56fa\u5b9a\u5229\u7387\u3001\u6bcf\u534a\u5e74\u4ed8\u606f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u671f\u9650\u8d8a\u9577\uff0c\u50f9\u683c\u5c0d\u5229\u7387\u8d8a\u654f\u611f\uff0c\u5230\u671f\u671f\u9650\u8207\u5b58\u7e8c\u671f\u9593\u7684\u5dee\u5225\uff0c\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=1726\">\u300a\u50b5\u5238\u5230\u671f\u671f\u9650\u548c\u5b58\u7e8c\u671f\u9593\u662f\u4ec0\u9ebc\u300b<\/a>\u6709\u5b8c\u6574\u8aaa\u660e\uff0c\u7f8e\u570b\u653f\u5e9c\u6703\u4e0d\u6703\u9084\u4e0d\u51fa\u9322\uff0c\u898b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=13740\">\u300a\u7f8e\u570b\u653f\u5e9c\u50b5\u5238\u6703\u9055\u7d04\u55ce\u300b<\/a>\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u70ba\u4ec0\u9ebc\u8981\u6295\u8cc7\u50b5\u5238\uff1f\u4e09\u500b\u7528\u9014\u8207\u4e00\u500b\u53cd\u4f8b<\/h2>\n\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u4eba\u8cb7\u50b5\u5238\uff0c\u901a\u5e38\u70ba\u4e86\u4e09\u4ef6\u4e8b\uff0c\u53ef\u9810\u671f\u7684\u73fe\u91d1\u6d41\u3001\u964d\u4f4e\u80a1\u7968\u90e8\u4f4d\u7684\u6ce2\u52d5\u3001\u6b96\u5229\u7387\u9ad8\u6642\u9396\u5b9a\u8f03\u9ad8\u7684\u5229\u606f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6301\u6709\u5230\u671f\u7684\u55ae\u4e00\u50b5\u5238\uff0c\u6bcf\u671f\u5229\u606f\u8207\u5230\u671f\u91d1\u984d\u5728\u8cb7\u9032\u6642\u5c31\u5df2\u77e5\u9053\uff0c\u9700\u8981\u5728\u7279\u5b9a\u5e74\u4efd\u7528\u9322\u7684\u4eba\uff08\u5b50\u5973\u5b78\u8cbb\u3001\u9000\u4f11\u524d\u5e7e\u5e74\u7684\u751f\u6d3b\u8cbb\u3001\u5df2\u77e5\u7684\u5927\u984d\u652f\u51fa\uff09\uff0c\u53ef\u4ee5\u7528\u4e0d\u540c\u5230\u671f\u65e5\u7684\u50b5\u5238\u5c0d\u9f4a\u652f\u51fa\u6642\u9593\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u7d1a\u50b5\u5238\u8207\u80a1\u7968\u7684\u5831\u916c\u9577\u671f\u76f8\u95dc\u6027\u504f\u4f4e\uff0c\u80a1\u5e02\u5927\u8dcc\u7684\u5e74\u4efd\uff0c\u50b5\u5238\u5e38\u80fd\u6e1b\u5c11\u6574\u9ad4\u6295\u8cc7\u7d44\u5408\u7684\u8dcc\u5e45\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5716 2 \u986f\u793a\uff0c\u7f8e\u570b\u80a1\u5e02\u4e0b\u8dcc\u7684\u90a3\u4e9b\u5e74\u4efd\uff0c\u50b5\u5238\u591a\u534a\u7ad9\u5728\u53e6\u4e00\u908a\uff0c\u66ff\u6295\u8cc7\u7d44\u5408\u588a\u4e86\u4e00\u5c64\u3002<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2023\/11\/image-2.png\" alt=\"\u904e\u53bb 50 \u5e74\u80a1\u5e02\u4e0b\u8dcc\u5e74\u4efd\u7684\u50b5\u5238\u5831\u916c\"\/><figcaption class=\"wp-element-caption\">\u904e\u53bb 50 \u5e74\uff0c\u5728\u7f8e\u570b\u80a1\u5e02\u4e0b\u8dcc\u7684\u5e74\u4efd\uff0c\u50b5\u5238\u591a\u534a\u80fd\u767c\u63ee\u7de9\u885d\u4f5c\u7528\uff1b\u8cc7\u6599\u4f86\u6e90\uff1aVanguard Group\uff08\u5716\uff09\u3002<\/figcaption><\/figure>\n\n<p class=\"wp-block-paragraph\">\u6b96\u5229\u7387\u9ad8\u7684\u6642\u5019\uff0c\u50b5\u5238\u4e5f\u80fd\u9396\u5b9a\u8f03\u9ad8\u7684\u5229\u606f\uff0c2026 \u5e74 10 \u6708 16 \u65e5\u7f8e\u570b 10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387 5.09%<sup>[2]<\/sup>\uff0c\u806f\u6e96\u6703\u5728 9 \u6708 16 \u65e5\u628a\u653f\u7b56\u5229\u7387\u5340\u9593\u8abf\u5347\u5230 3.75%\u20134.00%<sup>[3]<\/sup>\uff0c\u5728\u9019\u500b\u6c34\u6e96\u8cb7\u9032\u4e26\u6301\u6709\u5230\u671f\uff0c\u672a\u4f86\u6bcf\u5e74\u7684\u5229\u606f\u6536\u5165\u5df2\u7d93\u78ba\u5b9a\uff0c\u6b96\u5229\u7387\u63a5\u4e0b\u4f86\u5f80\u54ea\u88e1\u8d70\uff0c\u6c92\u6709\u4eba\u80fd\u4e8b\u5148\u77e5\u9053\uff0c30 \u5e74\u671f\u6b96\u5229\u7387\u7ad9\u4e0a 5% \u7684\u610f\u7fa9\uff0c\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=15213\">\u300a30\u5e74\u671f\u7f8e\u50b5\u6b96\u5229\u7387\u7a81\u78345%\uff0c\u4ee3\u8868\u4ec0\u9ebc\uff1f\u300b<\/a>\u53e6\u6709\u6574\u7406\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u53cd\u4f8b\u662f 2022 \u5e74\u80a1\u50b5\u540c\u8dcc\uff0c\u90a3\u4e00\u5e74\u901a\u81a8\u6025\u5347\u3001\u806f\u6e96\u6703\u5feb\u901f\u5347\u606f\uff0c\u7f8e\u570b\u6295\u8cc7\u7d1a\u50b5\u5238\u6307\u6578\uff08Bloomberg U.S. Aggregate\uff09\u5168\u5e74 \u221213.01%<sup>[4]<\/sup>\uff0c\u540c\u4e00\u5e74\u7f8e\u80a1\u4e5f\u4e0b\u8dcc\uff0c\u50b5\u5238\u5206\u6563\u80a1\u7968\u98a8\u96aa\u7684\u524d\u63d0\u662f\u5169\u8005\u4e0d\u5e38\u540c\u6642\u4e0b\u8dcc\uff0c\u800c\u50b5\u5238\u672c\u8eab\u5728\u5229\u7387\u6025\u5347\u6642\u4e5f\u6703\u4e0b\u8dcc\uff0c\u99ac\u6b65\u7d2e\u5f97\u518d\u7a69\uff0c\u4e5f\u64cb\u4e0d\u4f4f\u6574\u500b\u5730\u9762\u5728\u6643\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u76f4\u63a5\u8cb7\u7f8e\u570b\u516c\u50b5\u548c\u8cb7\u7f8e\u50b5 ETF\uff0c\u6210\u672c\u8207\u98a8\u96aa\u5404\u4e0d\u76f8\u540c\uff0c\u5169\u8005\u7684\u6bd4\u8f03\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=11089\">\u300a\u7f8e\u50b5\u662f\u4ec0\u9ebc\uff1f\u7f8e\u50b5\u548c\u7f8e\u50b5 ETF \u5dee\u7570\u300b<\/a>\u3002<\/p>\n\n\n<div class=\"wp-block-group alpha-cta alpha-cta-mid alpha-cta-alloc 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>\u60f3\u77e5\u9053\u9019\u6a23\u7684\u914d\u7f6e\u9069\u4e0d\u9069\u5408\u4f60\u7684\u76ee\u6a19\u8207\u671f\u9593\uff1f<\/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:\/\/roboadvisor.com.tw\/portfolio-calculator\/?Camp=Blog\" 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=\"noreferrer noopener\"><strong>\u514d\u8cbb\u8a66\u7b97\u6211\u7684\u6295\u8cc7\u7d44\u5408<\/strong><\/a><\/div>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\">\u50b5\u5238\u50f9\u683c\u53d7\u54ea\u4e9b\u56e0\u7d20\u5f71\u97ff\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u5230\u671f\u524d\u7684\u50f9\u683c\u5929\u5929\u5728\u8b8a\uff0c\u4e3b\u8981\u53d7\u4e03\u9805\u56e0\u7d20\u5f71\u97ff\uff1a<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u56e0\u7d20<\/th>\n<th>\u65b9\u5411<\/th>\n<th>\u539f\u56e0<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u5e02\u5834\u5229\u7387<\/td>\n<td>\u5229\u7387\u4e0a\u5347\uff0c\u50f9\u683c\u4e0b\u8dcc\uff1b\u5229\u7387\u4e0b\u964d\uff0c\u50f9\u683c\u4e0a\u6f32<\/td>\n<td>\u65b0\u767c\u884c\u50b5\u5238\u7d66\u7684\u5229\u606f\u8f03\u9ad8\uff0c\u820a\u50b5\u5238\u8981\u964d\u50f9\u624d\u8ce3\u5f97\u6389<\/td>\n<\/tr>\n<tr>\n<td>\u767c\u884c\u4eba\u4fe1\u7528<\/td>\n<td>\u8a55\u7d1a\u8abf\u964d\uff0c\u50f9\u683c\u4e0b\u8dcc<\/td>\n<td>\u6295\u8cc7\u4eba\u8981\u6c42\u66f4\u9ad8\u5831\u916c\u4f86\u88dc\u511f\u9055\u7d04\u98a8\u96aa<\/td>\n<\/tr>\n<tr>\n<td>\u901a\u81a8\u9810\u671f<\/td>\n<td>\u901a\u81a8\u9810\u671f\u4e0a\u5347\uff0c\u50f9\u683c\u4e0b\u8dcc<\/td>\n<td>\u56fa\u5b9a\u5229\u606f\u7684\u8cfc\u8cb7\u529b\u4e0b\u964d<\/td>\n<\/tr>\n<tr>\n<td>\u5230\u671f\u671f\u9650<\/td>\n<td>\u671f\u9650\u8d8a\u9577\uff0c\u50f9\u683c\u6ce2\u52d5\u8d8a\u5927<\/td>\n<td>\u672a\u4f86\u73fe\u91d1\u6d41\u6298\u73fe\u7684\u671f\u9593\u8f03\u9577<\/td>\n<\/tr>\n<tr>\n<td>\u6d41\u52d5\u6027<\/td>\n<td>\u4ea4\u6613\u8d8a\u5c11\uff0c\u8cb7\u8ce3\u50f9\u5dee\u8d8a\u5927<\/td>\n<td>\u60f3\u8ce3\u6642\u627e\u4e0d\u5230\u8cb7\u65b9\uff0c\u53ea\u80fd\u8b93\u50f9<\/td>\n<\/tr>\n<tr>\n<td>\u7279\u6b8a\u689d\u6b3e<\/td>\n<td>\u53ef\u63d0\u524d\u8d16\u56de\u7684\u50b5\u5238\uff0c\u50f9\u683c\u4e0a\u6f32\u7a7a\u9593\u8f03\u5c0f<\/td>\n<td>\u5229\u7387\u4e0b\u964d\u6642\u767c\u884c\u4eba\u53ef\u80fd\u63d0\u524d\u8cb7\u56de<\/td>\n<\/tr>\n<tr>\n<td>\u666f\u6c23\u8207\u907f\u96aa\u9700\u6c42<\/td>\n<td>\u666f\u6c23\u8870\u9000\u6216\u5e02\u5834\u6050\u614c\u6642\uff0c\u516c\u50b5\u5e38\u7372\u8cc7\u91d1\u6d41\u5165<\/td>\n<td>\u6295\u8cc7\u4eba\u8f49\u5411\u4fe1\u7528\u98a8\u96aa\u4f4e\u7684\u8cc7\u7522<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\"><strong>\u5229\u7387\u8207\u50b5\u5238\u50f9\u683c\u53cd\u5411\u8b8a\u52d5\uff0c\u662f\u6574\u500b\u50b5\u5238\u5e02\u5834\u6700\u91cd\u8981\u7684\u4e00\u689d\u898f\u5247\u3002<\/strong> \u7c97\u4f30\u65b9\u5f0f\u662f\uff0c\u5229\u7387\u8b8a\u52d5 1 \u500b\u767e\u5206\u9ede\uff0c\u50b5\u5238\u50f9\u683c\u5927\u7d04\u53cd\u5411\u8b8a\u52d5\u300c\u5b58\u7e8c\u671f\u9593\u300d\u500b\u767e\u5206\u6bd4\uff0c\u4ee5\u5b58\u7e8c\u671f\u9593 8 \u5e74\u7684\u50b5\u5238\u8a66\u7b97\uff0c\u5229\u7387\u4e0a\u5347 1 \u500b\u767e\u5206\u9ede\uff0c\u50f9\u683c\u7d04\u4e0b\u8dcc 8 \u00d7 1% \uff1d 8%\uff08\u9019\u662f\u8fd1\u4f3c\u503c\uff0c\u5be6\u969b\u8b8a\u52d5\u9084\u53d7\u51f8\u6027\u8207\u5229\u5dee\u5f71\u97ff\uff09\u3002\u6240\u4ee5\u624b\u4e0a\u6709\u50b5\u5238\u7684\u4eba\uff0c\u6703\u5f88\u5728\u610f\u806f\u6e96\u6703\u6bcf\u6b21\u958b\u6703\u7684\u6c7a\u5b9a\uff0c\u6700\u8fd1\u4e00\u6b21\u5347\u4e86\u591a\u5c11\u3001\u4e0b\u4e00\u6b21\u54ea\u5929\u958b\u6703\uff0c\u6211\u6574\u7406\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=6903\">\u806f\u6e96\u6703\u5229\u7387\u6c7a\u7b56\uff1a\u6700\u65b0\u5347\u606f\u964d\u606f\u7d50\u679c\u30012026 \u6703\u8b70\u6642\u9593\u8868\u8207\u5f71\u97ff<\/a>\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\/6933_\u5229\u7387\u8207\u50f9\u683c.png\" alt=\"\u7968\u9762\u5229\u7387 5% \u7684 2 \u5e74\u300110 \u5e74\u300130 \u5e74\u671f\u50b5\u5238\uff0c\u5e02\u5834\u6b96\u5229\u7387\u5f9e 3% \u5230 7% \u6642\u7684\u7406\u8ad6\u50f9\u683c\uff1a\u6b96\u5229\u7387\u7531 5% \u5347\u5230 6%\uff0c2 \u5e74\u671f\u7d04\u8dcc 1.9%\u300110 \u5e74\u671f\u7d04\u8dcc 7.4%\u300130 \u5e74\u671f\u7d04\u8dcc 13.8%\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a66\u7b97\uff08\u6a19\u6e96\u50b5\u5238\u6298\u73fe\u516c\u5f0f\uff0c\u672a\u542b\u4fe1\u7528\u5229\u5dee\u8207\u4ea4\u6613\u6210\u672c\uff1b\u975e\u7279\u5b9a\u5546\u54c1\u5831\u50f9\uff09\u3002<\/figcaption><\/figure>\n\n<h2 class=\"wp-block-heading\">\u50b5\u5238\u600e\u9ebc\u8cb7\uff1f\u53f0\u7063\u56db\u7a2e\u7ba1\u9053\uff0c\u5c0f\u984d\u5f9e\u50b5\u5238 ETF \u4e00\u80a1\u8d77<\/h2>\n\n<p class=\"wp-block-paragraph\">\u5728\u53f0\u7063\u8cb7\u50b5\u5238\uff0c\u7ba1\u9053\u8207\u9580\u6abb\u4f9d\u6a19\u7684\u4e0d\u540c\u800c\u6709\u5f88\u5927\u5dee\u7570\uff0c\u50cf\u62dc\u5e2b\u5b78\u85dd\uff0c\u540c\u4e00\u9580\u529f\u592b\uff0c\u6709\u7684\u9053\u9928\u8981\u8003\u8a66\u5165\u9580\uff0c\u6709\u7684\u5831\u540d\u5c31\u80fd\u4e0a\u8ab2\u3002<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u6a19\u7684<\/th>\n<th>\u4e3b\u8981\u7ba1\u9053<\/th>\n<th>\u9580\u6abb\u8207\u7279\u8272<\/th>\n<th>\u4f9d\u64da<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u53f0\u7063\u4e2d\u592e\u653f\u5e9c\u516c\u50b5\uff08\u767c\u884c\u524d\uff09<\/td>\n<td>\u6307\u5b9a\u90f5\u5c40\u3001\u8b49\u5238\u4ea4\u6613\u6240\u6307\u5b9a\u7684\u8b49\u5238\u7d93\u7d00\u5546\u9810\u7d04\u7533\u8cfc<\/td>\n<td>150 \u842c\u5143\u4ee5\u4e0b\uff0c\u4ee5 10 \u842c\u5143\u70ba\u55ae\u4f4d\uff1b\u50f9\u683c\u4f9d\u8a72\u671f\u6a19\u552e\u6700\u9ad8\u5f97\u6a19\u5229\u7387\u63db\u7b97<\/td>\n<td>\u4e2d\u592e\u9280\u884c<sup>[5]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u53f0\u7063\u4e2d\u592e\u653f\u5e9c\u516c\u50b5\uff08\u5df2\u767c\u884c\uff09<\/td>\n<td>\u9280\u884c\u3001\u8b49\u5238\u516c\u53f8\u3001\u7968\u5238\u91d1\u878d\u516c\u53f8\u7684\u516c\u50b5\u4ea4\u6613\u90e8\u9580<\/td>\n<td>\u8b70\u50f9\u8cb7\u8ce3\uff0c\u689d\u4ef6\u4f9d\u5404\u6a5f\u69cb<\/td>\n<td>\u4e2d\u592e\u9280\u884c<sup>[5]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u570b\u5167\u516c\u53f8\u50b5\u3001\u91d1\u878d\u50b5<\/td>\n<td>\u8b49\u5238\u5546\u71df\u696d\u8655\u6240\u3001\u9280\u884c<\/td>\n<td>\u591a\u70ba\u8b70\u50f9\u4ea4\u6613\uff0c\u9762\u984d\u9580\u6abb\u8f03\u9ad8<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<tr>\n<td>\u6d77\u5916\u50b5\u5238\uff08\u542b\u7f8e\u570b\u516c\u50b5\uff09<\/td>\n<td>\u9280\u884c\uff08\u7279\u5b9a\u91d1\u9322\u4fe1\u8a17\uff09\u3001\u8b49\u5238\u5546\uff08\u8907\u59d4\u8a17\u6216\u81ea\u71df\u8cb7\u8ce3\uff09\u3001\u5c0f\u984d\u5916\u570b\u50b5\u5238<\/td>\n<td>\u5c0f\u984d\u5916\u570b\u50b5\u5238\u5236\u5ea6 2025 \u5e74 8 \u6708\u4e0a\u8def\uff0c\u53ef\u4f4e\u65bc\u539f\u672c\u7684\u6700\u5c0f\u9762\u984d\u4ea4\u6613<\/td>\n<td>\u5de5\u5546\u6642\u5831<sup>[13]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u50b5\u5238 ETF<\/td>\n<td>\u8b49\u5238\u5e33\u6236\uff0c\u53f0\u80a1\u6216\u7f8e\u80a1\u639b\u724c<\/td>\n<td>\u4e00\u80a1\u8d77\u8cb7\uff0c\u4e00\u6a94\u5206\u6563\u6578\u767e\u5230\u6578\u5343\u6a94\u50b5\u5238<\/td>\n<td>\u2014<\/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\/6933_\u56db\u7a2e\u8cfc\u8cb7\u7ba1\u9053.png\" alt=\"\u53f0\u7063\u6295\u8cc7\u4eba\u8cb7\u50b5\u7684\u56db\u7a2e\u7ba1\u9053\uff1a\u53f0\u7063\u516c\u50b5\u767c\u884c\u524d\u5411\u6307\u5b9a\u90f5\u5c40\u6216\u8b49\u5238\u7d93\u7d00\u5546\u9810\u7d04\u7533\u8cfc\uff1b\u5df2\u767c\u884c\u516c\u50b5\u8207\u570b\u5167\u516c\u53f8\u50b5\u3001\u91d1\u878d\u50b5\u5411\u9280\u884c\u3001\u8b49\u5238\u5546\u3001\u7968\u5238\u516c\u53f8\u8b70\u50f9\uff1b\u6d77\u5916\u50b5\u5238\u900f\u904e\u9280\u884c\u7279\u5b9a\u91d1\u9322\u4fe1\u8a17\u3001\u8b49\u5238\u5546\u8907\u59d4\u8a17\u6216\u5c0f\u984d\u5916\u570b\u50b5\u5238\uff1b\u50b5\u5238 ETF \u7528\u8b49\u5238\u5e33\u6236\u4e00\u80a1\u8d77\u8cb7\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a\u4e2d\u592e\u9280\u884c\u3008\u570b\u5eab\u985e\u5e38\u898b\u554f\u984c\u8207\u89e3\u7b54\u3009\u3001\u5de5\u5546\u6642\u5831\uff082025-08-08\uff09\uff1b\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u6574\u7406\u3002<\/figcaption><\/figure>\n\n<h3 class=\"wp-block-heading\">\u570b\u50b5\u3001\u516c\u50b5\u600e\u9ebc\u8cb7<\/h3>\n\n<p class=\"wp-block-paragraph\">\u53f0\u7063\u516c\u50b5\u65b9\u9762\uff0c\u4e00\u822c\u4eba\u4e0d\u80fd\u76f4\u63a5\u53c3\u52a0\u4e2d\u592e\u9280\u884c\u7684\u6a19\u552e\uff0c\u9808\u900f\u904e\u516c\u50b5\u4ea4\u6613\u5546\uff0c\u5c0f\u984d\u6295\u8cc7\u4eba\u53ef\u5728\u767c\u884c\u524d\uff0c\u5411\u4e2d\u83ef\u90f5\u653f\u6307\u5b9a\u7684\u7d93\u8fa6\u90f5\u5c40\u6216\u8b49\u5238\u4ea4\u6613\u6240\u6307\u5b9a\u7684\u8b49\u5238\u7d93\u7d00\u5546\u8fa6\u7406\u9810\u7d04\u7533\u8cfc\u767b\u8a18\uff0c\u91d1\u984d 150 \u842c\u5143\u4ee5\u4e0b\u3001\u4ee5 10 \u842c\u5143\u70ba\u8cfc\u8cb7\u55ae\u4f4d<sup>[5]<\/sup>\uff0c\u5df2\u7d93\u767c\u884c\u3001\u5728\u6b21\u7d1a\u5e02\u5834\u6d41\u901a\u7684\u516c\u50b5\uff0c\u5247\u5411\u9280\u884c\u3001\u8b49\u5238\u516c\u53f8\u6216\u7968\u5238\u91d1\u878d\u516c\u53f8\u7684\u516c\u50b5\u4ea4\u6613\u90e8\u9580\u8cfc\u8cb7<sup>[5]<\/sup>\uff0c\u4e2d\u592e\u516c\u50b5\u63a1\u767b\u9304\u5f62\u5f0f\uff0c\u4e0d\u767c\u5be6\u9ad4\u50b5\u7968\uff0c\u7531\u4e2d\u592e\u9280\u884c\u8207\u6e05\u7b97\u9280\u884c\u4ee5\u96fb\u8166\u767b\u8a18<sup>[5]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u7f8e\u570b\u516c\u50b5\u65b9\u9762\uff0c\u7f8e\u570b\u8ca1\u653f\u90e8\u7684 TreasuryDirect \u5e33\u6236\uff0c\u958b\u6236\u9808\u5177\u5099\u6709\u6548\u7684\u7f8e\u570b\u793e\u6703\u5b89\u5168\u865f\u78bc\u3001\u7f8e\u570b\u901a\u8a0a\u5730\u5740\u8207\u7f8e\u570b\u9280\u884c\u5e33\u6236<sup>[8]<\/sup>\uff0c\u591a\u6578\u53f0\u7063\u5c45\u6c11\u7121\u6cd5\u4f7f\u7528\uff0c\u53f0\u7063\u6295\u8cc7\u4eba\u5e38\u898b\u7684\u7ba1\u9053\u662f\uff1a<\/p>\n\n<ul class=\"wp-block-list\">\n<li>\u8b49\u5238\u5546\u8907\u59d4\u8a17\uff0c\u5728\u7f8e\u570b\u6b21\u7d1a\u5e02\u5834\u8cb7\u9032\uff1b<\/li>\n<li>\u9280\u884c\u7684\u7279\u5b9a\u91d1\u9322\u4fe1\u8a17\u6216\u8b49\u5238\u5546\u81ea\u71df\u90e8\u63d0\u4f9b\u7684\u6d77\u5916\u50b5\u5831\u50f9\uff1b<\/li>\n<li>\u8b49\u5238\u5546\u7684\u5c0f\u984d\u5916\u570b\u50b5\u5238\u696d\u52d9\uff1b<\/li>\n<li>\u7f8e\u570b\u516c\u50b5 ETF\uff0c\u5404\u6a94\u5929\u671f\u3001\u8cbb\u7528\u7387\u8207\u898f\u6a21\u7684\u6bd4\u8f03\u898b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=13299\">\u300a\u53f0\u80a1\u7f8e\u80a1\u7f8e\u50b5 ETF \u6574\u7406\u300b<\/a><\/li>\n<\/ul>\n\n<h3 class=\"wp-block-heading\">\u516c\u53f8\u50b5\u600e\u9ebc\u8cb7<\/h3>\n\n<p class=\"wp-block-paragraph\">\u570b\u5167\u516c\u53f8\u50b5\u8207\u91d1\u878d\u50b5\u591a\u5728\u8b49\u5238\u5546\u71df\u696d\u8655\u6240\u8b70\u50f9\u4ea4\u6613\uff0c\u500b\u4eba\u6295\u8cc7\u4eba\u901a\u5e38\u900f\u904e\u5f80\u4f86\u5238\u5546\u6216\u9280\u884c\u8a62\u50f9\uff1b\u6d77\u5916\u516c\u53f8\u50b5\u5247\u4ee5\u9280\u884c\u8207\u8b49\u5238\u5546\u7684\u6d77\u5916\u50b5\u5831\u50f9\u70ba\u4e3b\uff0c\u90e8\u5206\u55ae\u4f4d\u9762\u984d\u8f03\u9ad8\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u55ae\u4e00\u516c\u53f8\u50b5\u7684\u98a8\u96aa\u96c6\u4e2d\u5728\u4e00\u500b\u767c\u884c\u4eba\uff0c\u82e5\u8cc7\u91d1\u53ea\u5920\u8cb7\u4e00\u5230\u5169\u6a94\uff0c\u4e00\u65e6\u767c\u884c\u4eba\u4fe1\u7528\u8f49\u5dee\uff0c\u640d\u5931\u7121\u6cd5\u88ab\u5176\u4ed6\u90e8\u4f4d\u5206\u6524\uff0c\u9019\u985e\u98a8\u96aa\u7684\u5be6\u4f8b\u898b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=1716\">\u300a\u6295\u8cc7\u55ae\u4e00\u516c\u53f8\u50b5\u5238\u4f60\u6240\u4e0d\u77e5\u9053\u7684\u98a8\u96aa\u300b<\/a>\u8207<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=1221\">\u300a\u55ae\u4e00\u516c\u53f8\u50b5\u5238\u7684 3 \u500b\u8ff7\u601d\u300b<\/a>\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u6d77\u5916\u50b5\u5238\u600e\u9ebc\u8cb7\u3001\u8cb7\u7f8e\u50b5\u7684\u98a8\u96aa<\/h3>\n\n<p class=\"wp-block-paragraph\">\u900f\u904e\u9280\u884c\u6216\u8b49\u5238\u5546\u8cb7\u6d77\u5916\u50b5\uff0c\u4ea4\u6613\u524d\u6703\u9047\u5230\u4e09\u500b\u6210\u672c\uff0c\u8cb7\u8ce3\u5831\u50f9\u4e4b\u9593\u7684\u50f9\u5dee\u3001\u901a\u8def\u6536\u53d6\u7684\u624b\u7e8c\u8cbb\u6216\u4fe1\u8a17\u7ba1\u7406\u8cbb\uff0c\u4ee5\u53ca\u65b0\u81fa\u5e63\u63db\u6210\u5916\u5e63\u7684\u532f\u5dee\uff0c\u8cb7\u7f8e\u50b5\u7684\u98a8\u96aa\uff0c\u9664\u4e86\u5229\u7387\u8207\u50f9\u683c\uff0c\u9084\u6709\u532f\u7387\uff1a\u7f8e\u570b\u516c\u50b5\u4ee5\u7f8e\u5143\u8a08\u50f9\uff0c\u6301\u6709\u671f\u9593\u82e5\u65b0\u81fa\u5e63\u5347\u503c\uff0c\u63db\u56de\u65b0\u81fa\u5e63\u6642\u7684\u91d1\u984d\u6703\u6e1b\u5c11\uff0c\u53ef\u80fd\u62b5\u92b7\u90e8\u5206\u5229\u606f\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u8cb7\u50b5\u5238\u4e4b\u524d\u8981\u554f\u7684\u4e94\u4ef6\u4e8b<\/h3>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u554f\u984c<\/th>\n<th>\u70ba\u4ec0\u9ebc\u8981\u554f<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u9019\u6a94\u50b5\u5238\u7684\u5230\u671f\u6b96\u5229\u7387\u662f\u591a\u5c11\uff1f<\/td>\n<td>\u7968\u9762\u5229\u7387\u4e0d\u7b49\u65bc\u4f60\u7684\u5831\u916c<\/td>\n<\/tr>\n<tr>\n<td>\u4eca\u5929\u7684\u8cb7\u9032\u50f9\u8207\u8ce3\u51fa\u50f9\u5404\u662f\u591a\u5c11\uff1f<\/td>\n<td>\u50f9\u5dee\u662f\u9032\u5834\u7576\u4e0b\u7684\u96b1\u542b\u6210\u672c<\/td>\n<\/tr>\n<tr>\n<td>\u767c\u884c\u4eba\u8a55\u7d1a\u3001\u662f\u5426\u70ba\u6b21\u9806\u4f4d\u6216\u6c38\u7e8c\uff1f<\/td>\n<td>\u6c7a\u5b9a\u9055\u7d04\u98a8\u96aa\u8207\u6c42\u511f\u9806\u5e8f<\/td>\n<\/tr>\n<tr>\n<td>\u6709\u6c92\u6709\u63d0\u524d\u8d16\u56de\u689d\u6b3e\uff1f<\/td>\n<td>\u5229\u7387\u4e0b\u964d\u6642\u53ef\u80fd\u88ab\u63d0\u524d\u9084\u672c<\/td>\n<\/tr>\n<tr>\n<td>\u624b\u7e8c\u8cbb\u3001\u4fe1\u8a17\u7ba1\u7406\u8cbb\u8207\u532f\u5dee\u5408\u8a08\u591a\u5c11\uff1f<\/td>\n<td>\u8cbb\u7528\u6703\u76f4\u63a5\u964d\u4f4e\u5be6\u969b\u5831\u916c<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<h2 class=\"wp-block-heading\">\u50b5\u5238\u50f9\u683c\u600e\u9ebc\u7b97\uff1f\u8cb7\u8ce3\u50f9\u5dee\u600e\u9ebc\u770b\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">\u900f\u904e\u9280\u884c\u6216\u8b49\u5238\u5546\u8cb7\u8ce3\u50b5\u5238\uff0c\u5831\u50f9\u6703\u5206\u6210\u300c\u7533\u8cfc\u50f9\u300d\uff08\u4f60\u8cb7\u9032\u7684\u50f9\u683c\uff09\u8207\u300c\u8d16\u56de\u50f9\u300d\uff08\u4f60\u8ce3\u51fa\u7684\u50f9\u683c\uff09\uff0c\u90fd\u4ee5\u9762\u984d\u7684\u767e\u5206\u6bd4\u8868\u793a\uff0c89.55 \u4ee3\u8868\u6bcf 100 \u7f8e\u5143\u9762\u984d\u8981\u4ed8 89.55 \u7f8e\u5143\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4ee5\u4e00\u6a94\u7968\u9762\u5229\u7387 4.5%\u3001\u5269\u9918\u7d04 25 \u5e74\u5230\u671f\u7684\u7f8e\u5143\u516c\u53f8\u50b5\u70ba\u4f8b\uff0c\u7533\u8cfc\u53c3\u8003\u5831\u50f9 89.55\u3001\u8d16\u56de\u53c3\u8003\u5831\u50f9 85.33\uff0c\u540c\u65e5\u8cb7\u8ce3\u7684\u50f9\u5dee\u662f 89.55 \u2212 85.33 \uff1d 4.22\uff0c\u7d04\u70ba\u8cb7\u50f9\u7684 4.7%\uff084.22 \u00f7 89.55\uff09\uff0c\u9019\u662f\u8aaa\u660e\u50f9\u5dee\u6982\u5ff5\u7684\u5047\u8a2d\u5831\u50f9\uff0c\u975e\u7279\u5b9a\u5546\u54c1\u4e4b\u73fe\u884c\u5831\u50f9\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u540c\u4e00\u5929\u8cb7\u9032\u53c8\u8ce3\u51fa\uff0c\u5c31\u6703\u5148\u5c11\u6389 4.7%\uff0c\u5be6\u52d9\u4e0a\u5f88\u5c11\u6709\u4eba\u7576\u5929\u8cb7\u8ce3\uff0c\u4e0d\u904e\u50f9\u5dee\u4ee3\u8868\u6301\u6709\u671f\u9593\u5fc5\u9808\u5148\u7528\u5229\u606f\u5f4c\u88dc\u9019\u6bb5\u6210\u672c\uff0c\u4ee5 4.5% \u7684\u7968\u9762\u5229\u7387\u7c97\u7b97\uff0c\u5dee\u4e0d\u591a\u8981\u5148\u62ff\u4e00\u5e74\u7684\u5229\u606f\u4f86\u586b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u50f9\u5dee\u7684\u4f86\u6e90\u5305\u62ec\u4ea4\u6613\u5546\u7684\u9020\u5e02\u5229\u6f64\u3001\u901a\u8def\u8cbb\u7528\uff0c\u4ee5\u53ca\u9019\u6a94\u50b5\u5238\u672c\u8eab\u7684\u6d41\u52d5\u6027\uff0c\u5916\u532f\u8cb7\u8ce3\u4e5f\u6709\u8cb7\u8ce3\u50f9\u5dee\uff0c\u4f46\u532f\u7387\u6709\u516c\u958b\u5e02\u5834\u5831\u50f9\u53ef\u4ee5\u6bd4\u5c0d\uff0c\u500b\u4eba\u8cb7\u8ce3\u7684\u6d77\u5916\u50b5\uff0c\u591a\u534a\u53ea\u80fd\u62ff\u5230\u91d1\u878d\u6a5f\u69cb\u63d0\u4f9b\u7684\u5831\u50f9\uff0c\u6bd4\u5c0d\u7a7a\u9593\u8f03\u5c0f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u964d\u4f4e\u50f9\u5dee\u7684\u65b9\u6cd5\u662f\u591a\u554f\u5e7e\u5bb6\u5831\u50f9\u3001\u9078\u6d41\u52d5\u6027\u8f03\u9ad8\u7684\u50b5\u5238\uff0c\u4e26\u4e14\u76e1\u91cf\u6301\u6709\u5230\u671f\uff1b\u6301\u6709\u5230\u671f\u6642\uff0c\u5230\u671f\u65e5\u7531\u767c\u884c\u4eba\u76f4\u63a5\u511f\u9084\u9762\u984d\uff0c\u4e0d\u9700\u8981\u518d\u627f\u64d4\u8ce3\u51fa\u6642\u7684\u50f9\u5dee\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u8cb7\u50b5\u5238\u6703\u8667\u55ce\uff1f\u6295\u8cc7\u50b5\u5238\u7684 6 \u7a2e\u98a8\u96aa<\/h2>\n\n<p class=\"wp-block-paragraph\">\u6703\uff0c\u50b5\u5238\u7684\u98a8\u96aa\u901a\u5e38\u4f4e\u65bc\u80a1\u7968\uff0c\u4f46\u5728\u4ee5\u4e0b\u60c5\u6cc1\u53ef\u80fd\u8667\u640d\uff0c\u4e2d\u9014\u8ce3\u51fa\u6642\u50f9\u683c\u4f4e\u65bc\u8cb7\u50f9\u3001\u767c\u884c\u4eba\u9055\u7d04\u3001\u4ee5\u5916\u5e63\u8a08\u50f9\u6642\u532f\u7387\u4e0d\u5229\u3002<strong>\u6301\u6709\u5230\u671f\u4e14\u767c\u884c\u4eba\u6c92\u6709\u9055\u7d04\uff0c\u80fd\u62ff\u56de\u9762\u984d\u8207\u5168\u90e8\u5229\u606f<\/strong>\uff0c\u4efb\u4e00\u689d\u4ef6\u4e0d\u6210\u7acb\uff0c\u5c31\u53ef\u80fd\u8667\u640d\u3002<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u98a8\u96aa<\/th>\n<th>\u600e\u9ebc\u767c\u751f<\/th>\n<th>\u8ab0\u53d7\u5f71\u97ff\u6700\u5927<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1. \u5229\u7387\u98a8\u96aa<\/td>\n<td>\u5e02\u5834\u5229\u7387\u4e0a\u5347\uff0c\u65e2\u6709\u50b5\u5238\u50f9\u683c\u4e0b\u8dcc<\/td>\n<td>\u9577\u5929\u671f\u3001\u96f6\u606f\u50b5\u3001\u9700\u8981\u4e2d\u9014\u8ce3\u51fa\u7684\u4eba<\/td>\n<\/tr>\n<tr>\n<td>2. \u4fe1\u7528\u98a8\u96aa<\/td>\n<td>\u767c\u884c\u4eba\u8a55\u7d1a\u8abf\u964d\u6216\u9055\u7d04\uff0c\u4ed8\u4e0d\u51fa\u5229\u606f\u6216\u672c\u91d1<\/td>\n<td>\u975e\u6295\u8cc7\u7d1a\u50b5\u3001\u55ae\u4e00\u516c\u53f8\u50b5<\/td>\n<\/tr>\n<tr>\n<td>3. \u901a\u81a8\u98a8\u96aa<\/td>\n<td>\u901a\u81a8\u9ad8\u65bc\u50b5\u5238\u5229\u7387\uff0c\u5be6\u8cea\u8cfc\u8cb7\u529b\u4e0b\u964d<\/td>\n<td>\u9577\u5929\u671f\u3001\u4f4e\u7968\u9762\u5229\u7387\u50b5<\/td>\n<\/tr>\n<tr>\n<td>4. \u518d\u6295\u8cc7\u98a8\u96aa<\/td>\n<td>\u50b5\u5238\u5230\u671f\u6216\u88ab\u8d16\u56de\u6642\uff0c\u5229\u7387\u5df2\u4e0b\u964d\uff0c\u53ea\u80fd\u7528\u8f03\u4f4e\u5229\u7387\u518d\u6295\u8cc7<\/td>\n<td>\u77ed\u5929\u671f\u3001\u53ef\u8d16\u56de\u50b5<\/td>\n<\/tr>\n<tr>\n<td>5. \u6d41\u52d5\u6027\u98a8\u96aa<\/td>\n<td>\u60f3\u8ce3\u6642\u8cb7\u65b9\u5c11\uff0c\u53ea\u80fd\u6298\u50f9\u6210\u4ea4<\/td>\n<td>\u5c0f\u578b\u767c\u884c\u3001\u51b7\u9580\u6d77\u5916\u50b5<\/td>\n<\/tr>\n<tr>\n<td>6. \u532f\u7387\u98a8\u96aa<\/td>\n<td>\u5916\u5e63\u8a08\u50f9\u50b5\u5238\u63db\u56de\u65b0\u81fa\u5e63\u6642\uff0c\u56e0\u65b0\u81fa\u5e63\u5347\u503c\u800c\u6e1b\u5c11<\/td>\n<td>\u6d77\u5916\u50b5\u3001\u7f8e\u570b\u516c\u50b5<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<h3 class=\"wp-block-heading\">1. \u5229\u7387\u98a8\u96aa<\/h3>\n\n<p class=\"wp-block-paragraph\">\u5229\u7387\u4e0a\u5347\u6642\uff0c\u65b0\u50b5\u5238\u63d0\u4f9b\u8f03\u9ad8\u5229\u606f\uff0c\u820a\u50b5\u5238\u5fc5\u9808\u964d\u50f9\u624d\u6709\u4eba\u8cb7\uff0c\u671f\u9650\u8d8a\u9577\uff0c\u50f9\u683c\u53d7\u5f71\u97ff\u8d8a\u5927\uff0c2022 \u5e74\u7f8e\u570b\u6295\u8cc7\u7d1a\u50b5\u5238\u6307\u6578\u5168\u5e74 \u221213.01%\uff0c\u4e3b\u56e0\u5c31\u662f\u5229\u7387\u5feb\u901f\u4e0a\u5347<sup>[4]<\/sup>\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">2. \u4fe1\u7528\u98a8\u96aa<\/h3>\n\n<p class=\"wp-block-paragraph\">\u767c\u884c\u4eba\u8ca1\u52d9\u60e1\u5316\u6642\uff0c\u8a55\u7d1a\u53ef\u80fd\u88ab\u8abf\u964d\uff0c\u50b5\u5238\u50f9\u683c\u5148\u8dcc\uff0c\u771f\u7684\u9055\u7d04\u6642\uff0c\u6295\u8cc7\u4eba\u53ef\u80fd\u62ff\u4e0d\u56de\u5168\u90e8\u672c\u91d1\uff0c\u4fe1\u7528\u98a8\u96aa\u9ad8\u4f4e\u770b\u8a55\u7d1a\uff0c\u4e5f\u770b\u689d\u6b3e\uff0c\u540c\u4e00\u5bb6\u9280\u884c\u7684\u4e00\u822c\u50b5\u8207\u6b21\u9806\u4f4d\u50b5\uff0c\u6c42\u511f\u9806\u5e8f\u4e0d\u540c\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">3. \u901a\u81a8\u98a8\u96aa<\/h3>\n\n<p class=\"wp-block-paragraph\">\u56fa\u5b9a\u5229\u606f\u5728\u9ad8\u901a\u81a8\u5e74\u4efd\u7684\u8cfc\u8cb7\u529b\u6703\u4e0b\u964d\uff0c\u4f8b\u5982\u7968\u9762\u5229\u7387 3% \u7684\u50b5\u5238\uff0c\u82e5\u7576\u5e74\u901a\u81a8 4%\uff0c3% \u2212 4% \uff1d \u22121%\uff0c\u5be6\u8cea\u5831\u916c\u70ba\u8ca0\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">4. \u518d\u6295\u8cc7\u98a8\u96aa<\/h3>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u5230\u671f\u6216\u88ab\u63d0\u524d\u8d16\u56de\u6642\uff0c\u5982\u679c\u5e02\u5834\u5229\u7387\u5df2\u7d93\u4e0b\u964d\uff0c\u62ff\u56de\u4f86\u7684\u9322\u53ea\u80fd\u7528\u8f03\u4f4e\u5229\u7387\u518d\u6295\u8cc7\uff1b\u53ef\u8d16\u56de\u50b5\u5238\u5728\u5229\u7387\u4e0b\u964d\u6642\u6700\u5bb9\u6613\u88ab\u767c\u884c\u4eba\u63d0\u524d\u8cb7\u56de\uff0c\u6295\u8cc7\u4eba\u56e0\u6b64\u540c\u6642\u627f\u64d4\u518d\u6295\u8cc7\u98a8\u96aa\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">5. \u6d41\u52d5\u6027\u98a8\u96aa<\/h3>\n\n<p class=\"wp-block-paragraph\">\u4ea4\u6613\u4e0d\u6d3b\u8e8d\u7684\u50b5\u5238\uff0c\u8ce3\u51fa\u6642\u53ef\u80fd\u8981\u8b93\u50f9\uff0c\u8cb7\u8ce3\u50f9\u5dee\u4e5f\u901a\u5e38\u8f03\u5927\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">6. \u532f\u7387\u98a8\u96aa<\/h3>\n\n<p class=\"wp-block-paragraph\">\u53f0\u7063\u6295\u8cc7\u4eba\u8cb7\u7f8e\u5143\u3001\u6b50\u5143\u8a08\u50f9\u7684\u50b5\u5238\uff0c\u5831\u916c\u6700\u7d42\u8981\u63db\u56de\u65b0\u81fa\u5e63\u8861\u91cf\uff0c\u5373\u4f7f\u5229\u606f\u8207\u50f9\u683c\u90fd\u6c92\u8b8a\uff0c\u65b0\u81fa\u5e63\u5347\u503c\u4e5f\u6703\u8b93\u63db\u56de\u7684\u91d1\u984d\u8b8a\u5c11\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u540c\u6a23\u7684\u532f\u7387\u554f\u984c\u4e5f\u51fa\u73fe\u5728\u5916\u5e63\u5b9a\u5b58\uff0c\u724c\u544a\u5229\u7387\u6bd4\u53f0\u5e63\u9ad8\uff0c\u63db\u532f\u4e00\u8cb7\u4e00\u8ce3\u5f8c\u4e0d\u4e00\u5b9a\u8cfa\u5f97\u591a\uff0c\u5404\u5e63\u5225\u7684\u5be6\u62ff\u5831\u916c\u8a66\u7b97\u5728\u300a<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=11013\">\u5916\u5e63\u5b9a\u5b58\u6280\u5de7\uff1a\u5229\u7387\u9ad8\u4e0d\u7b49\u65bc\u8cfa\u66f4\u591a\uff0c\u5148\u7b97\u63db\u532f\u6210\u672c\uff082026\uff09<\/a>\u300b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u516d\u7a2e\u98a8\u96aa\u88e1\uff0c\u5229\u7387\u8207\u532f\u7387\u6703\u5f71\u97ff\u6240\u6709\u4eba\uff0c\u4fe1\u7528\u8207\u6d41\u52d5\u6027\u4e3b\u8981\u5f71\u97ff\u55ae\u4e00\u50b5\u5238\u7684\u6301\u6709\u4eba\uff0c\u7528\u591a\u6a94\u5206\u6563\u7684\u65b9\u5f0f\u6301\u6709\uff0c\u53ef\u4ee5\u964d\u4f4e\u4fe1\u7528\u8207\u6d41\u52d5\u6027\u98a8\u96aa\uff0c\u4f46\u7121\u6cd5\u6d88\u9664\u5229\u7387\u8207\u532f\u7387\u98a8\u96aa\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u76f4\u63a5\u8cb7\u55ae\u4e00\u50b5\u5238\u548c\u50b5\u5238 ETF \u5dee\u5728\u54ea\uff1f<\/h2>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u6bd4\u8f03<\/th>\n<th>\u76f4\u63a5\u8cb7\u55ae\u4e00\u50b5\u5238<\/th>\n<th>\u50b5\u5238 ETF<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u6301\u6709\u5230\u671f<\/td>\n<td>\u6709\u5230\u671f\u65e5\uff0c\u53ef\u6301\u6709\u5230\u671f\u9818\u56de\u9762\u984d<\/td>\n<td>\u591a\u6578\u6c92\u6709\u5230\u671f\u65e5\uff0c\u6301\u7e8c\u6c70\u63db\u6301\u50b5<\/td>\n<\/tr>\n<tr>\n<td>\u73fe\u91d1\u6d41<\/td>\n<td>\u5229\u606f\u8207\u5230\u671f\u91d1\u984d\u5728\u8cb7\u9032\u6642\u5df2\u78ba\u5b9a<\/td>\n<td>\u914d\u606f\u96a8\u6301\u50b5\u8207\u5e02\u5834\u5229\u7387\u8b8a\u52d5<\/td>\n<\/tr>\n<tr>\n<td>\u5206\u6563\u7a0b\u5ea6<\/td>\n<td>\u96c6\u4e2d\u65bc\u55ae\u4e00\u767c\u884c\u4eba<\/td>\n<td>\u4e00\u6a94\u5206\u6563\u6578\u767e\u5230\u6578\u5343\u6a94\u50b5\u5238<\/td>\n<\/tr>\n<tr>\n<td>\u4ea4\u6613\u6210\u672c<\/td>\n<td>\u8b70\u50f9\uff0c\u50f9\u5dee\u53ef\u80fd\u8f03\u5927<\/td>\n<td>\u96c6\u4e2d\u5e02\u5834\u4ea4\u6613\uff0c\u8cbb\u7528\u7387\u516c\u958b<\/td>\n<\/tr>\n<tr>\n<td>\u8d77\u6295\u91d1\u984d<\/td>\n<td>\u4f9d\u9762\u984d\uff0c\u90e8\u5206\u8f03\u9ad8<\/td>\n<td>\u4e00\u80a1\u8d77<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u76f4\u63a5\u8cb7\u50b5\u5238\u7684\u597d\u8655\uff0c\u5728\u65bc\u80fd\u628a\u73fe\u91d1\u6d41\u5c0d\u9f4a\u7279\u5b9a\u652f\u51fa\uff0c\u4f8b\u5982\u7528 5 \u5e74\u5f8c\u5230\u671f\u7684\u50b5\u5238\u652f\u61c9 5 \u5e74\u5f8c\u7684\u5b78\u8cbb\uff0c\u6216\u7528\u4e0d\u540c\u5230\u671f\u65e5\u7684\u50b5\u5238\u6392\u51fa\u9000\u4f11\u524d\u5e7e\u5e74\u7684\u751f\u6d3b\u8cbb\uff0c\u5c0d\u7121\u6cd5\u63a5\u53d7\u5e33\u9762\u50f9\u683c\u6ce2\u52d5\u3001\u4e14\u78ba\u5b9a\u80fd\u6301\u6709\u5230\u671f\u7684\u6295\u8cc7\u4eba\uff0c\u55ae\u4e00\u50b5\u5238\u4e5f\u8f03\u5bb9\u6613\u7406\u89e3\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238 ETF \u7684\u512a\u9ede\u662f\u5206\u6563\u8207\u4ea4\u6613\u65b9\u4fbf\uff0c\u4e0d\u904e\u5b83\u6c92\u6709\u56fa\u5b9a\u5230\u671f\u65e5\uff0c\u50f9\u683c\u8207\u914d\u606f\u90fd\u6703\u96a8\u5229\u7387\u8b8a\u52d5\uff0c\u5169\u8005\u600e\u9ebc\u9078\u3001\u600e\u9ebc\u653e\u9032\u8cc7\u7522\u914d\u7f6e\uff0c\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=7211\">\u300a\u50b5\u5238 ETF \u662f\u4ec0\u9ebc\uff1f\u548c\u55ae\u4e00\u50b5\u5238\u5dee\u5728\u54ea\u300b<\/a>\u8a73\u7d30\u8aaa\u660e\uff1b\u60f3\u8a8d\u8b58\u7f8e\u570b\u7e3d\u9ad4\u50b5\u5238\u5e02\u5834\u578b\u7684\u4ee3\u8868 ETF\uff0c\u53ef\u770b <a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=1093\">BND \u4ecb\u7d39<\/a>\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u50b5\u5238\u5229\u606f\u8981\u7e73\u7a05\u55ce\uff1f\u53f0\u7063\u500b\u4eba\u7684\u8ab2\u7a05\u65b9\u5f0f<\/h2>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u9805\u76ee<\/th>\n<th>\u73fe\u884c\u898f\u5b9a<\/th>\n<th>\u4f9d\u64da<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u570b\u5167\u516c\u50b5\u3001\u516c\u53f8\u50b5\u3001\u91d1\u878d\u50b5\u5238\u5229\u606f<\/td>\n<td>\u500b\u4eba\u6301\u6709\u7684\u5229\u606f\u6309\u7d66\u4ed8\u984d\u6263\u7e73 10%\uff0c\u4e0d\u4f75\u5165\u7d9c\u5408\u6240\u5f97\u7e3d\u984d\uff08\u5206\u96e2\u8ab2\u7a05\uff09<\/td>\n<td>\u6240\u5f97\u7a05\u6cd5\u7b2c 14 \u689d\u4e4b 1\u3001\u8ca1\u653f\u90e8<sup>[9][10]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u662f\u5426\u9069\u7528 27 \u842c\u5143\u5132\u84c4\u6295\u8cc7\u7279\u5225\u6263\u9664\u984d<\/td>\n<td>\u4e0d\u9069\u7528\uff1b\u5206\u96e2\u8ab2\u7a05\u4e4b\u5229\u606f\u4e0d\u5217\u5165<\/td>\n<td>\u6240\u5f97\u7a05\u6cd5\u7b2c 17 \u689d<sup>[9]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u6d77\u5916\u50b5\u5238\u5229\u606f\uff08\u542b\u7f8e\u570b\u516c\u50b5\uff09<\/td>\n<td>\u5c6c\u6d77\u5916\u6240\u5f97\uff1b\u4e00\u7533\u5831\u6236\u5168\u5e74\u6d77\u5916\u6240\u5f97\u5408\u8a08\u9054 100 \u842c\u5143\uff0c\u8981\u5168\u6578\u8a08\u5165\u57fa\u672c\u6240\u5f97\u984d\uff1b\u57fa\u672c\u6240\u5f97\u984d\u8d85\u904e 750 \u842c\u5143\u7684\u90e8\u5206\uff0c\u624d\u6309 20% \u8a08\u7b97\u57fa\u672c\u7a05\u984d<\/td>\n<td>\u8ca1\u653f\u90e8\u6700\u4f4e\u7a05\u8ca0\u5236\u8aaa\u660e<sup>[11]<\/sup><\/td>\n<\/tr>\n<tr>\n<td>\u516c\u53f8\u50b5\u3001\u91d1\u878d\u50b5\u5238\u8b49\u5238\u4ea4\u6613\u7a05<\/td>\n<td>2010 \u5e74\u8d77\u505c\u5fb5\uff0c\u73fe\u884c\u671f\u9650\u81f3 2026 \u5e74 12 \u6708 31 \u65e5\uff1b\u884c\u653f\u9662 2026 \u5e74 10 \u6708 1 \u65e5\u901a\u904e\u5ef6\u9577 10 \u5e74\u81f3 2036 \u5e74\u5e95\u7684\u4fee\u6b63\u8349\u6848\uff0c\u9001\u7acb\u6cd5\u9662\u5be9\u8b70<\/td>\n<td>\u884c\u653f\u9662<sup>[12]<\/sup><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u8209\u4f8b\u4f86\u8aaa\uff0c\u500b\u4eba\u6301\u6709\u53f0\u7063\u516c\u50b5\uff0c\u5229\u606f\u7531\u4ed8\u606f\u6a5f\u69cb\u5148\u6263 10% \u7a05\u6b3e\uff0c\u6263\u5b8c\u5c31\u7d50\u6e05\uff0c\u4e0d\u5fc5\u518d\u4f75\u5165\u7d9c\u5408\u6240\u5f97\u7533\u5831\uff1b\u6301\u6709\u7f8e\u570b\u516c\u50b5\u7684\u5229\u606f\u5c6c\u6d77\u5916\u6240\u5f97\uff0c\u5168\u6236\u6d77\u5916\u6240\u5f97\u672a\u9054 100 \u842c\u5143\u4e0d\u5fc5\u8a08\u5165\u57fa\u672c\u6240\u5f97\u984d<sup>[11]<\/sup>\uff0c\u6d77\u5916\u767c\u884c\u4eba\u652f\u4ed8\u7684\u5229\u606f\u53ef\u80fd\u5148\u5728\u7576\u5730\u88ab\u6263\u7a05\uff0c\u5be6\u969b\u7a05\u8ca0\u4ee5\u5238\u5546\u6216\u9280\u884c\u7684\u6263\u7e73\u6191\u55ae\u70ba\u6e96\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u50b5\u5238\u512a\u7f3a\u9ede\u662f\u4ec0\u9ebc\uff1f\u4ec0\u9ebc\u4eba\u9069\u5408\u8cb7\u50b5\u5238<\/h2>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u7684\u512a\u9ede\u548c\u7f3a\u9ede\u5e38\u5e38\u662f\u540c\u4e00\u4ef6\u4e8b\u7684\u5169\u9762\uff0c\u5229\u606f\u56fa\u5b9a\uff0c\u6240\u4ee5\u73fe\u91d1\u6d41\u597d\u9810\u6e2c\uff0c\u4e5f\u6240\u4ee5\u78b0\u4e0a\u9ad8\u901a\u81a8\u6642\u8cfc\u8cb7\u529b\u6703\u88ab\u5403\u6389\u3002<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u512a\u9ede<\/th>\n<th>\u5c0d\u61c9\u7684\u7f3a\u9ede<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u6301\u6709\u5230\u671f\u3001\u767c\u884c\u4eba\u4e0d\u9055\u7d04\uff0c\u5229\u606f\u8207\u9762\u984d\u5728\u8cb7\u9032\u6642\u5c31\u5df2\u78ba\u5b9a<\/td>\n<td>\u4e2d\u9014\u8ce3\u51fa\u8981\u770b\u7576\u6642\u50f9\u683c\uff0c\u5229\u7387\u4e0a\u5347\u6642\u6703\u8ce0\u50f9\u5dee<\/td>\n<\/tr>\n<tr>\n<td>\u6295\u8cc7\u7d1a\u50b5\u5238\u8207\u80a1\u7968\u9577\u671f\u76f8\u95dc\u6027\u504f\u4f4e\uff0c\u80a1\u5e02\u4e0b\u8dcc\u6642\u5e38\u80fd\u7de9\u885d<\/td>\n<td>\u5229\u7387\u6025\u5347\u7684\u5e74\u4efd\u6703\u8ddf\u80a1\u7968\u4e00\u8d77\u8dcc\uff0c2022 \u5e74\u5c31\u662f\u4f8b\u5b50<\/td>\n<\/tr>\n<tr>\n<td>\u53ef\u4ee5\u7528\u5230\u671f\u65e5\u5c0d\u9f4a\u5b78\u8cbb\u3001\u9000\u4f11\u524d\u5e7e\u5e74\u751f\u6d3b\u8cbb\u7b49\u652f\u51fa<\/td>\n<td>\u9577\u671f\u5831\u916c\u901a\u5e38\u4f4e\u65bc\u80a1\u7968\uff0c\u653e\u592a\u591a\u6703\u72a7\u7272\u6210\u9577<\/td>\n<\/tr>\n<tr>\n<td>\u50b5\u5238 ETF \u4e00\u80a1\u8d77\u8cb7\uff0c\u4e00\u6a94\u5206\u6563\u6578\u767e\u5230\u6578\u5343\u6a94\u50b5\u5238<\/td>\n<td>ETF \u6c92\u6709\u5230\u671f\u65e5\uff0c\u50f9\u683c\u8207\u914d\u606f\u90fd\u6703\u96a8\u5229\u7387\u8b8a\u52d5<\/td>\n<\/tr>\n<tr>\n<td>\u53f0\u7063\u516c\u50b5\u3001\u516c\u53f8\u50b5\u5229\u606f 10% \u5206\u96e2\u8ab2\u7a05\uff0c\u6263\u5b8c\u5c31\u7d50\u6e05<\/td>\n<td>\u6d77\u5916\u50b5\u591a\u534a\u53ea\u80fd\u62ff\u901a\u8def\u5831\u50f9\uff0c\u50f9\u5dee\u8207\u532f\u5dee\u4e0d\u5bb9\u6613\u6bd4<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u8cc7\u6599\u4f86\u6e90\uff1a\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u6574\u7406\uff1b\u8ab2\u7a05\u4f9d\u6240\u5f97\u7a05\u6cd5\u7b2c 14 \u689d\u4e4b 1<sup>[9]<\/sup><\/p>\n\n<ul class=\"wp-block-list\">\n<li>\u6709\u660e\u78ba\u7528\u9322\u6642\u9593\u7684\u4eba\uff1a\u5b78\u8cbb\u3001\u8cfc\u5c4b\u982d\u671f\u6b3e\u3001\u9000\u4f11\u524d\u5e7e\u5e74\u7684\u652f\u51fa\uff0c\u53ef\u7528\u5230\u671f\u65e5\u5c0d\u9f4a<\/li>\n<li>\u6301\u6709\u5927\u91cf\u80a1\u7968\u3001\u60f3\u964d\u4f4e\u6574\u9ad4\u6ce2\u52d5\u7684\u4eba\uff1a\u6295\u8cc7\u7d1a\u50b5\u5238\u53ef\u4ee5\u6e1b\u5c11\u80a1\u5e02\u4e0b\u8dcc\u6642\u7684\u7e3d\u8dcc\u5e45<\/li>\n<li>\u9000\u4f11\u5f8c\u9700\u8981\u5b9a\u671f\u73fe\u91d1\u6d41\u7684\u4eba\uff1a\u5229\u606f\u63d0\u4f9b\u53ef\u9810\u671f\u7684\u6536\u5165\u4f86\u6e90<\/li>\n<li>\u5b58\u653e\u77ed\u671f\u8cc7\u91d1\u7684\u4eba\uff1a\u77ed\u5929\u671f\u516c\u50b5\u6216\u570b\u5eab\u5238\u7684\u5229\u7387\u98a8\u96aa\u8f03\u5c0f<\/li>\n<\/ul>\n\n<p class=\"wp-block-paragraph\">\u8ffd\u6c42\u9577\u671f\u8cc7\u672c\u6210\u9577\u3001\u6295\u8cc7\u671f\u9593\u5728 20 \u5e74\u4ee5\u4e0a\u7684\u4eba\uff0c\u82e5\u628a\u5927\u90e8\u5206\u8cc7\u91d1\u653e\u5728\u50b5\u5238\uff0c\u53ef\u80fd\u72a7\u7272\u80a1\u7968\u9577\u671f\u6210\u9577\u7684\u5831\u916c\uff0c\u80a1\u7968\u8207\u50b5\u5238\u8981\u600e\u9ebc\u642d\u914d\u898b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=14764\">\u300a\u80a1\u50b5\u914d\u7f6e\u7d42\u6975\u6307\u5357\u300b<\/a>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u9069\u5408\u7528\u4f86\u5c0d\u9f4a\u7528\u9322\u6642\u9593\u8207\u964d\u4f4e\u6ce2\u52d5\uff0c\u8cb7\u9032\u524d\u5148\u770b\u5230\u671f\u6b96\u5229\u7387\u3001\u767c\u884c\u4eba\u8a55\u7d1a\u8207\u8cb7\u8ce3\u5831\u50f9\uff0c\u518d\u6c7a\u5b9a\u6301\u6709\u5230\u671f\uff0c\u6216\u7528\u5206\u6563\u7684\u65b9\u5f0f\u6301\u6709\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u6211\u7684\u60f3\u6cd5<\/h2>\n\n<p class=\"wp-block-paragraph\">\u6211\u89ba\u5f97\u50b5\u5238\u6700\u5e38\u88ab\u8aa4\u6703\u7684\u5730\u65b9\uff0c\u662f\u88ab\u7576\u6210\u300c\u4e0d\u6703\u8667\u7684\u80a1\u7968\u300d\uff0c\u8cb7\u7684\u6642\u5019\u53ea\u770b\u914d\u606f\u9ad8\u4e0d\u9ad8\uff0c\u6c92\u770b\u5230\u671f\u6b96\u5229\u7387\u3001\u6c92\u770b\u9806\u4f4d\uff0c\u4e5f\u6c92\u60f3\u904e\u81ea\u5df1\u6703\u4e0d\u6703\u4e2d\u9014\u8ce3\u6389\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">2022 \u5e74\u7f8e\u570b\u6295\u8cc7\u7d1a\u50b5\u5238\u6307\u6578\u5168\u5e74 \u221213.01%\uff0c\u90a3\u4e00\u5e74\u5f88\u591a\u4eba\u7b2c\u4e00\u6b21\u767c\u73fe\u50b5\u5238\u4e5f\u6703\u8dcc\uff0c\u8aaa\u5be6\u5728\uff0c\u9019\u4e26\u4e0d\u5947\u602a\uff0c\u5229\u7387\u5feb\u901f\u4e0a\u5347\uff0c\u820a\u50b5\u5238\u5c31\u5f97\u964d\u50f9\uff0c\u5b58\u7e8c\u671f\u9593\u8d8a\u9577\u8dcc\u5f97\u8d8a\u6df1\uff0c\u898f\u5247\u4e00\u76f4\u90fd\u5beb\u5728\u90a3\u88e1\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\u6211\u4e5f\u4e0d\u89ba\u5f97\u56e0\u6b64\u5c31\u8a72\u628a\u50b5\u5238\u4e1f\u6389\uff0c\u80a1\u5e02\u4e0b\u8dcc\u7684\u5e74\u4efd\uff0c\u6295\u8cc7\u7d1a\u50b5\u5238\u591a\u534a\u9084\u662f\u767c\u63ee\u4e86\u7de9\u885d\uff0c\u99ac\u6b65\u5076\u723e\u6703\u88ab\u63a8\u5f97\u6643\u4e00\u4e0b\uff0c\u7e3d\u6bd4\u6c92\u6709\u99ac\u6b65\u597d\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u771f\u6b63\u8b93\u4eba\u53d7\u50b7\u7684\uff0c\u5e38\u5e38\u662f\u90a3\u4e9b\u770b\u8d77\u4f86\u6700\u5212\u7b97\u7684\u50b5\u5238\uff0c\u7968\u606f\u6bd4\u540c\u5929\u671f\u516c\u50b5\u9ad8\u51fa\u4e00\u622a\u7684\u6b21\u9806\u4f4d\u50b5\u3001AT1\u3001\u55ae\u4e00\u516c\u53f8\u50b5\uff0c\u9ad8\u51fa\u4f86\u7684\u90a3\u5e7e\u500b\u767e\u5206\u9ede\uff0c\u80cc\u5f8c\u901a\u5e38\u662f\u6c42\u511f\u9806\u5e8f\u6216\u4fe1\u7528\u7684\u4ee3\u50f9\uff0c2023 \u5e74\u7684\u745e\u4fe1\u5c31\u662f\u6700\u6e05\u695a\u7684\u4f8b\u5b50\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6211\u81ea\u5df1\u770b\u50b5\u5238\u7684\u9806\u5e8f\u883b\u56fa\u5b9a\u7684\uff0c\u5148\u554f\u9019\u7b46\u9322\u4ec0\u9ebc\u6642\u5019\u8981\u7528\uff0c\u518d\u554f\u80fd\u4e0d\u80fd\u62b1\u5230\u5230\u671f\uff0c\u6700\u5f8c\u624d\u770b\u6b96\u5229\u7387\u9ad8\u4e0d\u9ad8\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u62db\u5f0f\u53ef\u4ee5\u6162\u6162\u7df4\uff0c\u99ac\u6b65\u8981\u5148\u8e72\u597d\u3002<\/p>\n\n\n<div class=\"wp-block-group alpha-cta alpha-cta-end alpha-cta-alloc 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\">\u5148\u7b97\u4e00\u6b21\uff0c\u518d\u6c7a\u5b9a\u600e\u9ebc\u914d<\/p>\n\n\n<p class=\"has-text-align-center wp-block-paragraph\">\u8f38\u5165\u91d1\u984d\u3001\u671f\u9593\u8207\u76ee\u6a19\uff0c\u770b\u80a1\u50b5\u6bd4\u4f8b\u8207\u53ef\u80fd\u7684\u5831\u916c\u7bc4\u570d\uff1b\u8a66\u7b97\u7d50\u679c\u50c5\u4f9b\u53c3\u8003\uff0c\u4e0d\u4ee3\u8868\u672a\u4f86\u7e3e\u6548<\/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:\/\/roboadvisor.com.tw\/portfolio-calculator\/?Camp=Blog\" 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=\"noreferrer noopener\"><strong>\u514d\u8cbb\u8a66\u7b97\u6211\u7684\u6295\u8cc7\u7d44\u5408<\/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\">\u50b5\u5377\u662f\u4ec0\u9ebc\u610f\u601d\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u300c\u50b5\u5377\u300d\u662f\u300c\u50b5\u5238\u300d\u7684\u5e38\u898b\u932f\u5b57\uff0c\u6307\u7684\u662f\u540c\u4e00\u4ef6\u4e8b\uff1a\u653f\u5e9c\u6216\u4f01\u696d\u5411\u6295\u8cc7\u4eba\u501f\u9322\u6642\u767c\u884c\u7684\u50b5\u52d9\u6191\u8b49\uff0c\u7d04\u5b9a\u5b9a\u671f\u4ed8\u606f\u3001\u5230\u671f\u9084\u672c\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u50b5\u5238\u4e00\u5b9a\u6703\u914d\u606f\u55ce\uff1f\u591a\u4e45\u914d\u4e00\u6b21\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u4e00\u5b9a\uff0c\u56fa\u5b9a\u5229\u7387\u50b5\u6309\u7d04\u5b9a\u4ed8\u606f\uff0c\u6d6e\u52d5\u5229\u7387\u50b5\u7684\u5229\u606f\u96a8\u5e02\u5834\u5229\u7387\u8abf\u6574\uff0c\u96f6\u606f\u50b5\u4e0d\u914d\u606f\u3001\u4ee5\u6298\u50f9\u8cb7\u9032\u5230\u671f\u9818\u56de\u9762\u984d\uff1b\u7f8e\u570b\u4e2d\u9577\u671f\u516c\u50b5\u6bcf\u534a\u5e74\u4ed8\u606f\u4e00\u6b21<sup>[6][7]<\/sup>\uff0c\u516c\u53f8\u50b5\u6709\u5e74\u914d\u3001\u534a\u5e74\u914d\u3001\u5b63\u914d\uff0c\u4ee5\u767c\u884c\u689d\u6b3e\u70ba\u6e96\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u50b5\u5238\u6700\u5c11\u8981\u591a\u5c11\u9322\u624d\u80fd\u8cb7\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u770b\u7ba1\u9053\uff0c\u53f0\u7063\u516c\u50b5\u5728\u767c\u884c\u524d\u9810\u7d04\u7533\u8cfc\uff0c\u4ee5 10 \u842c\u5143\u70ba\u4e00\u500b\u8cfc\u8cb7\u55ae\u4f4d\u3001150 \u842c\u5143\u4ee5\u4e0b<sup>[5]<\/sup>\uff1b\u6d77\u5916\u50b5\u53ef\u900f\u904e\u8b49\u5238\u5546\u7684\u5c0f\u984d\u5916\u570b\u50b5\u5238\u696d\u52d9\uff0c\u4f4e\u65bc\u539f\u672c\u7684\u6700\u5c0f\u9762\u984d\u4ea4\u6613<sup>[13]<\/sup>\uff1b\u9810\u7b97\u66f4\u5c0f\u7684\u4eba\uff0c\u50b5\u5238 ETF \u5728\u8b49\u5238\u5e33\u6236\u4e00\u80a1\u5c31\u80fd\u8cb7\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u73fe\u5728\u8cb7\u50b5\u5238\u597d\u55ce\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u50b5\u5238\u7684\u5831\u916c\u53d6\u6c7a\u65bc\u8cb7\u9032\u6642\u7684\u6b96\u5229\u7387\u8207\u6301\u6709\u671f\u9593\uff0c2026 \u5e74 10 \u6708 16 \u65e5\u7f8e\u570b 10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u70ba 5.09%<sup>[2]<\/sup>\uff0c\u6301\u6709\u5230\u671f\u7684\u5229\u606f\u6536\u5165\u5728\u8cb7\u9032\u6642\u5c31\u5df2\u78ba\u5b9a\uff0c\u4e2d\u9014\u8ce3\u51fa\u7684\u50f9\u683c\u53d6\u6c7a\u65bc\u672a\u4f86\u5229\u7387\uff0c\u7121\u6cd5\u4e8b\u5148\u5f97\u77e5\uff0c\u662f\u5426\u9069\u5408\uff0c\u8981\u770b\u8cc7\u91d1\u4f55\u6642\u8981\u7528\u3001\u80fd\u4e0d\u80fd\u6301\u6709\u5230\u671f\uff0c\u4ee5\u53ca\u80fd\u627f\u53d7\u591a\u5c11\u50f9\u683c\u6ce2\u52d5\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u91d1\u878d\u50b5\u6709\u4ec0\u9ebc\u7f3a\u9ede\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u91d1\u878d\u50b5\u7684\u5229\u7387\u901a\u5e38\u8f03\u540c\u5929\u671f\u516c\u50b5\u9ad8\uff0c\u4ee3\u50f9\u662f\u4fe1\u7528\u98a8\u96aa\u8207\u689d\u6b3e\u98a8\u96aa\uff1a\u6b21\u9806\u4f4d\u91d1\u878d\u50b5\u7684\u6c42\u511f\u9806\u5e8f\u6392\u5728\u4e00\u822c\u50b5\u6b0a\u4eba\u4e4b\u5f8c\uff0c\u90e8\u5206\u9280\u884c\u8cc7\u672c\u50b5\u5728\u7279\u5b9a\u689d\u4ef6\u4e0b\u53ef\u4ee5\u6e1b\u8a18\uff1b\u8cb7\u4e4b\u524d\u8981\u78ba\u8a8d\u50b5\u5238\u7684\u9806\u4f4d\u8207\u689d\u6b3e\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u6301\u6709\u50b5\u5238\u5230\u671f\u4e00\u5b9a\u4e0d\u6703\u8667\u55ce\uff1f<\/h3>\n\n<p 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\"\u4e0d\u4e00\u5b9a\uff0c\u6301\u6709\u5230\u671f\u53ef\u907f\u958b\u4e2d\u9014\u8ce3\u51fa\u7684\u50f9\u683c\u6ce2\u52d5\uff0c\u4f46\u82e5\u767c\u884c\u4eba\u9055\u7d04\uff0c\u4ecd\u53ef\u80fd\u62ff\u4e0d\u56de\u5168\u90e8\u672c\u91d1\uff1b\u5916\u5e63\u50b5\u5238\u63db\u56de\u65b0\u81fa\u5e63\u6642\uff0c\u4e5f\u53ef\u80fd\u56e0\u532f\u7387\u8b8a\u52d5\u800c\u6e1b\u5c11\u3002\"}}]}<\/script>\n\n<h2 class=\"wp-block-heading\">\u53c3\u8003\u6587\u737b<\/h2>\n\n<ul class=\"wp-block-list\">\n<li>[1] Securities Industry and Financial Markets Association. (2026, August 19). <em>10 key findings from SIFMA&#8217;s 2026 Capital Markets Fact Book<\/em>. https:\/\/www.sifma.org\/news\/blog\/2026-capital-markets-fact-book-key-findings<\/li>\n<li>[2] U.S. Department of the Treasury. (2026). <em>Daily Treasury par yield curve rates: October 2026<\/em> [Data set]. Retrieved October 19, 2026, from https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_yield_curve&amp;field_tdr_date_value_month=202610<\/li>\n<li>[3] Board of Governors of the Federal Reserve System. (2026, September 16). <em>Federal Reserve issues FOMC statement<\/em> [Press release]. https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260916a.htm<\/li>\n<li>[4] BlackRock. (n.d.). <em>iShares U.S. Aggregate Bond Index Fund fact sheet<\/em> (Bloomberg U.S. Aggregate Index calendar-year returns). Retrieved October 19, 2026, from https:\/\/www.ishares.com\/us\/literature\/fact-sheet\/ishares-u-s-aggregate-bond-index-fund-class-p-usd-factsheet-us0669232284-us-en-individual.pdf<\/li>\n<li>[5] \u4e2d\u592e\u9280\u884c\uff082025\u5e745\u67087\u65e5\uff09\u3002\u4e2d\u592e\u767b\u9304\u50b5\u5238\u7684\u7279\u6027\u70ba\u4f55\uff1f\u570b\u5eab\u985e\u5e38\u898b\u554f\u984c\u8207\u89e3\u7b54\u3002https:\/\/www.cbc.gov.tw\/tw\/cp-751-25350-A57C8-1.html<\/li>\n<li>[6] TreasuryDirect. (n.d.). <em>Treasury notes<\/em>. U.S. Department of the Treasury. https:\/\/www.treasurydirect.gov\/marketable-securities\/treasury-notes\/<\/li>\n<li>[7] TreasuryDirect. (n.d.). <em>Treasury bonds<\/em>. U.S. Department of the Treasury. https:\/\/www.treasurydirect.gov\/marketable-securities\/treasury-bonds\/<\/li>\n<li>[8] TreasuryDirect. (n.d.). <em>TreasuryDirect FAQ<\/em>. U.S. Department of the Treasury. https:\/\/www.treasurydirect.gov\/indiv\/help\/treasurydirect-help\/faq\/<\/li>\n<li>[9] \u5168\u570b\u6cd5\u898f\u8cc7\u6599\u5eab\u3002\u6240\u5f97\u7a05\u6cd5\uff08\u7b2c14\u689d\u4e4b1\u3001\u7b2c17\u689d\uff09\uff0c2026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\u3002https:\/\/law.moj.gov.tw\/LawClass\/LawAll.aspx?pcode=G0340003<\/li>\n<li>[10] \u8ca1\u653f\u90e8\u7a05\u52d9\u5165\u53e3\u7db2\u3002\u516c\u50b5\u3001\u516c\u53f8\u50b5\u6216\u91d1\u878d\u50b5\u5238\u4e4b\u5229\u606f\u6263\u7e73\u898f\u5b9a\u3002https:\/\/www.etax.nat.gov.tw\/etwmain\/tax-info\/understanding\/tax-q-and-a\/national\/individual-income-tax\/withheld-rule\/rule\/MEnzAxN<\/li>\n<li>[11] \u8ca1\u653f\u90e8\u7a05\u52d9\u5165\u53e3\u7db2\uff082026\u5e744\u670815\u65e5\u66f4\u65b0\uff09\u3002\u6700\u4f4e\u7a05\u8ca0\u5236\u3002https:\/\/www.etax.nat.gov.tw\/etwmain\/tax-info\/understanding\/tax-saving-manual\/national\/individual-income-tax\/6xKrvGR<\/li>\n<li>[12] \u884c\u653f\u9662\uff082026\u5e7410\u67081\u65e5\uff09\u3002\u653f\u9662\u901a\u904e\u300a\u8b49\u5238\u4ea4\u6613\u7a05\u689d\u4f8b\u300b\u7b2c2\u689d\u4e4b1\u4fee\u6b63\u8349\u6848\u3000\u5ef6\u9577\u516c\u53f8\u50b5\u3001\u91d1\u878d\u50b5\u5238\u3001\u88ab\u52d5\u5f0f\u50b5\u5238ETF\u505c\u5fb5\u8b49\u4ea4\u7a0510\u5e74\u3002https:\/\/www.ey.gov.tw\/Page\/9277F759E41CCD91\/4d7b8a90-f834-4035-ab54-7728b91f243b<\/li>\n<li>[13] \u912d\u90c1\u5e73\uff082025\u5e748\u67088\u65e5\uff09\u3002\u5c0f\u984d\u6295\u8cc7\u4eba\u798f\u97f3\u3000\u8b49\u5238\u5546\u5916\u570b\u50b5\u5238\u5236\u5ea6\u4e0a\u8def\u3002\u5de5\u5546\u6642\u5831\u3002https:\/\/www.ctee.com.tw\/news\/20250808701702-430201<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\">\u91cd\u8981\u8072\u660e<\/h2>\n\n<p 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