{"id":752,"date":"2018-01-26T14:31:00","date_gmt":"2018-01-26T06:31:00","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=752"},"modified":"2018-01-26T14:31:00","modified_gmt":"2018-01-26T06:31:00","slug":"%e6%8a%95%e8%b3%87%e3%80%8c-%e6%8c%87%e6%95%b8%e5%9e%8b%e5%9f%ba%e9%87%91-%e3%80%8d%ef%bc%8c%e5%b0%b1%e5%a4%a0%e4%ba%86%ef%bc%81","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=752","title":{"rendered":"\u6307\u6578\u57fa\u91d1\u662f\u4ec0\u9ebc\uff1f\u7f8e\u80a1\u6307\u6578\u57fa\u91d1\u5927\u63ed\u5bc6"},"content":{"rendered":"\n<p>\u6307\u6578\u57fa\u91d1\u63d0\u4f9b\u591a\u6a23\u7684\u6295\u8cc7\u9078\u9805\uff0c\u98a8\u96aa\u4f4e\u4e14\u5831\u916c\u7a69\u5b9a\u3002\u6307\u6578\u57fa\u91d1\u7684\u76ee\u6a19\u662f\u8ddf\u8e64\u7279\u5b9a\u5e02\u5834\u6307\u6578\uff0c\u7531\u65bc\u4e0d\u7528\u7279\u5225\u9078\u80a1\u548c\u64cd\u4f5c\uff0c\u6bd4\u8d77\u9700\u8981\u5c08\u696d\u7d93\u7406\u7ba1\u7406\u7684\u4e3b\u52d5\u578b\u57fa\u91d1\uff0c\u6307\u6578\u57fa\u91d1\u8cbb\u7528\u66f4\u4f4e\uff0c\u6240\u4ee5\u5831\u916c\u5f80\u5f80\u6bd4\u4e3b\u52d5\u578b\u57fa\u91d1\u9084\u597d\u3002<\/p>\n\n\n\n<p>\u53e6\u4e00\u512a\u9ede\u662f\uff0c\u6307\u6578\u57fa\u91d1\u8986\u84cb\u5ee3\u6cdb\uff0c\u6db5\u62ec\u5e02\u5834\u4e0a\u5404\u7a2e\u80a1\u7968\u548c\u50b5\u5238\uff0c\u9019\u6a23\u5c31\u80fd\u5206\u6563\u98a8\u96aa\u3002\u7121\u8ad6\u4f60\u662f\u525b\u958b\u59cb\u6295\u8cc7\u9084\u662f\u5df2\u7d93\u6709\u7d93\u9a57\uff0c\u6307\u6578\u57fa\u91d1\u90fd\u662f\u4e0d\u932f\u7684\u9078\u64c7\u3002\u5982\u679c\u4f60\u4e0d\u77e5\u9053\u600e\u9ebc\u6311\u9078\u6307\u6578\u57fa\u91d1\uff0c\u53ef\u4ee5\u900f\u904e\u963f\u723e\u767c\u6a5f\u5668\u4eba\u7406\u8ca1\u6295\u8cc7 ETF \u6307\u6578\u578b\u57fa\u91d1\uff0c\u64cd\u4f5c\u7c21\u55ae\uff0c\u6295\u8cc7\u91d1\u984d\u9748\u6d3b\uff0c\u9069\u5408\u5404\u7a2e\u6295\u8cc7\u76ee\u7684\u548c\u98a8\u96aa\u627f\u53d7\u5ea6\u3002\u5e6b\u4f60\u9078\u5c0d\u9069\u5408\u4f60\u7684\u6307\u6578\u57fa\u91d1\uff0c\u8ddf\u4f60\u4e00\u8d77\u671d\u8457\u8ca1\u52d9\u81ea\u7531\u9081\u9032\u3002<\/p>\n\n\n\n<div class=\"wp-block-aioseo-table-of-contents\"><ul><li><a href=\"#aioseo-\">\u6307\u6578\u57fa\u91d1\u662f\u4ec0\u9ebc\uff1f<\/a><ul><li><a href=\"#aioseo-\">\u8d85\u984d\u5831\u916c\u4e0d\u898b\u4e86\uff0c\u4f4e\u6210\u672c\u6295\u8cc7\u6642\u4ee3\u4f86\u81e8<\/a><\/li><li><a href=\"#aioseo-1\">\u62d6\u57ae\u4e3b\u52d5\u5f0f\u6295\u8cc7\u7684\u7e3e\u6548 1\uff1a\u300c\u9ad8\u6210\u672c\u300d<\/a><\/li><li><a href=\"#aioseo-2\">\u62d6\u57ae\u4e3b\u52d5\u5f0f\u6295\u8cc7\u7684\u7e3e\u6548 2\uff1a\u5e02\u5834\u7684\u6539\u8b8a<\/a><\/li><\/ul><\/li><\/ul><\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"aioseo-\">\u6307\u6578\u57fa\u91d1\u662f\u4ec0\u9ebc\uff1f<\/h2>\n\n\n\n<p>\u300c\u6240\u6709\u8a8d\u8b58\u6211\u7684\u4eba\u90fd\u77e5\u9053\uff0c\u9577\u671f\u4ee5\u4f86\u6211\u59cb\u7d42\u76f8\u4fe1\u300c\u5e73\u8861\u300d\u3001\u300c\u5206\u6563\u300d\u3001\u300c\u628a\u7126\u9ede\u653e\u5728\u9577\u671f\u300d\u7b49\u5e7e\u500b\u7c21\u55ae\u7684\u6982\u5ff5\u3002\u6211\u4e5f\u4e0d\u76f8\u4fe1\uff0c\u90a3\u4e9b\u865f\u7a31\u6703\u9078\u80a1\u3001\u80fd\u9810\u6e2c\u5e02\u5834\u8da8\u52e2\u7684\u9b54\u6cd5\u5e2b\u5011\uff0c\u771f\u80fd\u6301\u7e8c\u5730\u8cfa\u5230\u9322\u3002\u300d(\u51fa\u81ea\u65bc\u7d04\u7ff0\u2022\u67cf\u683c\u300a\u5920\u4e86\uff1a\u56de\u5230\u7406\u8ca1\u521d\u8877\uff0c\u8df3\u51fa\u91d1\u9322\u56f0\u5c40\u300b\u4e00\u66f8)<\/p>\n\n\n\n<p>\u67cf\u683c\u2500\u2500\u9818\u822a\u6295\u8cc7\uff08Vanguar\uff09\u7684\u5275\u8fa6\u4eba\u2500\u2500\u7684\u300c\u6295\u8cc7\u7406\u5ff5\u300d\u5176\u5be6\u5f88\u7c21\u55ae\uff0c\u5c31\u662f\u300c\u8cc7\u7522\u914d\u7f6e\u3001\u5206\u6563\u98a8\u96aa\u3001\u9577\u7dda\u6301\u6709\u300d\u3002\u5efa\u7acb\u5728\u9019\u6a23\u7c21\u55ae\u7684\u6295\u8cc7\u7406\u5ff5\u4e4b\u4e0b\uff0c<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=4881\">\u300c \u6307\u6578\u578b\u57fa\u91d1 \u300d\uff08Index Fund\uff09<\/a>\u300c\u4f4e\u6210\u672c\u6295\u8cc7\u300d\u7684\u6295\u8cc7\u65b0\u89c0\u9ede\uff0c\u96a8\u8457\u9818\u822a\u6295\u8cc7\u7684\u6210\u7acb\u800c\u8a95\u751f\u3002<\/p>\n\n\n\n<p>1976 \u5e74\uff0c\u9818\u822a\u6295\u8cc7\u63a8\u51fa\u5168\u7403\u7b2c\u4e00\u6a94 <a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=4881\">\u6307\u6578\u578b\u57fa\u91d1<\/a> \uff0c\u540d\u70ba\u300c\u9818\u822a 500 \u6307\u6578\u578b\u57fa\u91d1 \u300d\uff08Vanguard 500 Index Fund\uff09\uff0c\u662f\u4e00\u6a94\u8ffd\u8e64\u6a19\u6e96\u666e\u723e 500 \u6307\u6578\u7684\u57fa\u91d1\u3002\u8d77\u521d\uff0c\u9019\u6a94\u57fa\u91d1\u53ea\u6709\u4e00\u5343\u4e00\u767e\u842c\u7f8e\u5143\u7684\u8cc7\u7522\u898f\u6a21\uff0c\u9084\u66fe\u88ab\u540c\u884c\u6232\u7a31\u662f\u300c\u7b28\u86cb\u67cf\u683c\u7684\u628a\u6232\u300d\uff08Bogle\u2019s Folly\uff09\uff0c\u4f46\u4eca\u5929\uff0c\u300c\u9818\u822a 500  \u6307\u6578\u578b\u57fa\u91d1 \u300d\u5df2\u7d93\u6210\u70ba\u5168\u7403\u8cc7\u7522\u898f\u6a21\u6700\u5927\u7684\u57fa\u91d1\uff0c\u800c\u4e14\u9019\u500b\u300c\u7b28\u86cb\u67cf\u683c\u7684\u628a\u6232\u300d\u6210\u529f\u8b93<a href=\"https:\/\/roboadvisor.com.tw\/Blog\/?p=2583\">\u9818\u822a\u6295\u8cc7\u6210\u70ba\u5168\u7403\u6700\u5927\u7684\u88ab\u52d5\u578b\u57fa\u91d1\u516c\u53f8<\/a>\uff0c\u622a\u81f3 2017 \u5e74 9 \u6708\u5e95\uff0c\u9818\u822a\u6295\u8cc7\u7ba1\u7406\u7684\u7e3d\u8cc7\u7522\u5df2\u7d93\u9ad8\u9054 4.5\u5146\u7f8e\u5143\uff0c\u9019\u6a23\u7684\u91d1\u984d\u76f8\u7576\u65bc\u53f0\u7063\u4e00\u5e74\u570b\u5167\u751f\u7522\u7e3d\u503c\uff08GDP\uff09\u7684 8 \u500d\u3002<\/p>\n\n\n\n<p>\u9818\u822a\u6295\u8cc7\u958b\u5275\u4e86\u4f4e\u6210\u672c\u6307\u6578\u6295\u8cc7\u7684\u6642\u4ee3\uff0c\u4f46\u9019\u6a23\u7684\u5275\u8209\u4e00\u958b\u59cb\u662f\u88ab\u5ffd\u8996\u7684\uff0c\u7136\u800c\u96a8\u8457\u6642\u9593\u7684\u7d93\u904e\uff0c\u6295\u8cc7\u4eba\u6700\u7d42\u767c\u73fe\u9019\u6a23\u7c21\u55ae\u7684\u6295\u8cc7\u5176\u5be6\u662f\u66f4\u597d\u7684\u9078\u64c7\u3002\u70ba\u4ec0\u9ebc\u6700\u5f8c\u6295\u8cc7\u4eba\u6703\u6295\u5411 \u6307\u6578\u578b\u57fa\u91d1 \u7684\u61f7\u62b1\u5462\uff1f<\/p>\n\n\n\n<p>\u63a5\u4e0b\u4f86\u6211\u5011\u5c07\u85c9\u7531\u89c0\u5bdf\u4e3b\u52d5\u578b\u8207 \u6307\u6578\u578b\u57fa\u91d1 \u7684\u767c\u5c55\u80cc\u666f\uff0c\u5c31\u80fd\u767c\u73fe\u7d04\u7ff0\u2022\u67cf\u683c\u7684\u777f\u667a\u7684\u5148\u898b\u4e4b\u660e\uff0c\u6b63\u662f\u5f8c\u4f86\u4fc3\u4f7f\u4e3b\u52d5\u578b\u57fa\u91d1\u8207 \u6307\u6578\u578b\u57fa\u91d1 \u6d88\u9577\u7684\u95dc\u9375\u56e0\u7d20\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\" id=\"aioseo-\"><strong>\u8d85\u984d\u5831\u916c\u4e0d\u898b\u4e86\uff0c\u4f4e\u6210\u672c\u6295\u8cc7\u6642\u4ee3\u4f86\u81e8<\/strong><\/h4>\n\n\n\n<p>\u904e\u53bb\uff0c1960 \u81f3 1970 \u5e74\u4ee3\uff0c\u4e3b\u52d5\u578b\u57fa\u91d1\u5c1a\u80fd\u6709\u5f88\u597d\u7684\u5831\u916c\u8868\u73fe\uff0c\u53d7\u5230\u6295\u8cc7\u4eba\u7684\u559c\u611b\uff0c\u7576\u6642 \u6307\u6578\u578b\u57fa\u91d1 \u9084\u6c92\u6709\u53d7\u5230\u91cd\u8996\u3002\u4f46\u96a8\u8457\u4e3b\u52d5\u578b\u57fa\u91d1\u7684\u8cbb\u7528\u9010\u6f38\u5347\u9ad8\u3001\u5831\u916c\u9010\u6f38\u964d\u4f4e\uff0c\u4e3b\u52d5\u5f0f\u6295\u8cc7\u4e0d\u518d\u50cf\u4ee5\u524d\u90a3\u9ebc\u6210\u529f\u3002<\/p>\n\n\n\n<p>\u4e3b\u52d5\u578b\u57fa\u91d1\u8207 \u6307\u6578\u578b\u57fa\u91d1 \u7684\u767c\u5c55\u80cc\u666f\uff0c\u4e3b\u8981\u53ef\u5927\u81f4\u5206\u70ba 4 \u500b\u968e\u6bb5\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"765\" height=\"366\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/Figure-3.png\" alt=\"\" class=\"wp-image-753\" srcset=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/Figure-3.png 765w, https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2022\/03\/Figure-3-300x144.png 300w\" sizes=\"auto, (max-width: 765px) 100vw, 765px\" \/><figcaption class=\"wp-element-caption\">\u5716\u7247\u4f86\u6e90\uff1a\u6668\u661f\u3001Strategic Insight Simfund<\/figcaption><\/figure>\n\n\n\n<p><strong>\u7b2c\u4e00\u968e\u6bb5 1960~1980 \u5e74<\/strong>\uff1a\u4e3b\u52d5\u578b\u57fa\u91d1\u6bcf\u5e74\u80fd\u6bd4\u5927\u76e4\u6307\u6578\u591a\u5275\u9020 2~3% \u7684\u5831\u916c\u7387\uff0c\u6263\u9664 1% \u7684\u8cbb\u7528\u7387\uff0c\u6295\u8cc7\u4eba\u81ea\u7136\u4e0d\u592a\u4ecb\u610f\uff0c\u56e0\u6b64 \u6307\u6578\u578b\u57fa\u91d1 \u9084\u4e0d\u53d7\u91cd\u8996\u3002<\/p>\n\n\n\n<p><strong>\u7b2c\u4e8c\u968e\u6bb5 1980~2000 \u5e74<\/strong>\uff1a\u4e3b\u52d5\u578b\u57fa\u91d1\u7684\u8cbb\u7528\u7387\u958b\u59cb\u63d0\u9ad8\uff0c\u96d6\u7136\u57fa\u91d1\u4f9d\u7136\u80fd\u5275\u9020\u8d85\u984d\u5831\u916c\uff0c\u4f46\u8d85\u984d\u5831\u916c\u50c5\u5920\u62b5\u92b7\u76f8\u95dc\u8cbb\u7528\uff0c\u56e0\u800c \u6307\u6578\u578b\u57fa\u91d1 \u958b\u59cb\u53d7\u5230\u6ce8\u610f\u3002<\/p>\n\n\n\n<p><strong>\u7b2c\u4e09\u968e\u6bb5 2000~2010 \u5e74<\/strong>\uff1a\u4e3b\u52d5\u578b\u57fa\u91d1\u5275\u9020\u7684\u8d85\u984d\u5831\u916c\u5df2\u7d93\u7121\u6cd5\u9ad8\u904e\u6240\u6709\u76f8\u95dc\u8cbb\u7528\uff0c\u56e0\u6b64\u4f4e\u8cbb\u7387\u7684 \u6307\u6578\u578b\u57fa\u91d1 \u958b\u59cb\u9010\u6f38\u6210\u9577\u3002<\/p>\n\n\n\n<p><strong>\u7b2c\u56db\u968e\u6bb5 2010~2017 \u5e74<\/strong>\uff1a\u4e3b\u52d5\u578b\u57fa\u91d1\u6bcf\u5e74\u5e73\u5747\u5831\u916c\u7387\u50c5\u5269 6~7%\uff0c\u8f38\u7d66\u5927\u76e4\u6307\u6578\u7684\u8868\u73fe\uff0c\u7279\u5225\u662f\u6295\u8cc7\u65bc\u6210\u719f\u5e02\u5834\u5927\u578b\u80a1\u7684\u57fa\u91d1\uff0c\u56e0\u70ba\u6210\u719f\u5e02\u5834\u5927\u578b\u80a1\u53d7\u5230\u8a31\u591a\u5206\u6790\u5e2b\u7814\u7a76\uff0c\u56e0\u800c\u80a1\u7968\u50f9\u503c\u5927\u90e8\u5206\u90fd\u5df2\u7d93\u6b63\u78ba\u53cd\u6620\u5728\u50f9\u683c\u4e0a\uff0c\u56e0\u6b64\u7d93\u7406\u4eba\u60f3\u8981\u7372\u53d6\u8d85\u984d\u5831\u916c\uff0c\u4e5f\u5c31\u8d8a\u4f86\u8d8a\u56f0\u96e3\u3002\u7121\u6cd5\u5275\u9020\u8d85\u984d\u5831\u916c\u7684\u60c5\u6cc1\u4e0b\uff0c\u904e\u9ad8\u7684\u76f8\u95dc\u8cbb\u7528\u5c31\u4e0d\u518d\u662f\u6295\u8cc7\u4eba\u53ef\u4ee5\u8f15\u6613\u5ffd\u7565\u7684\u4e8b\u4e86\uff0c\u56e0\u6b64\u6295\u8cc7\u4eba\u7684\u8cc7\u91d1\u958b\u59cb\u5f9e\u4e3b\u52d5\u578b\u57fa\u91d1\u8f49\u5f80 \u6307\u6578\u578b\u57fa\u91d1 \u3002<\/p>\n\n\n\n<p>\u5f9e\u5171\u540c\u57fa\u91d1\u7684\u767c\u5c55\u80cc\u666f\u4f86\u770b\uff0c\u6211\u5011\u6703\u767c\u73fe\u9019\u6a23\u7684\u4e8b\u5be6\uff1a<strong>\u4e3b\u52d5\u578b\u57fa\u91d1\u7684\u5730\u4f4d\u53d7\u5230\u6311\u6230\uff0c\u6beb\u7121\u7591\u554f\u662f\u56e0\u70ba\u5831\u916c\u8b8a\u4f4e\u4e86\u3002\u5176\u4e00\uff0c\u4e3b\u52d5\u578b\u57fa\u91d1\u7684\u8cbb\u7528\u7d50\u69cb\u62d6\u7d2f\u7e3e\u6548\u8868\u73fe\uff1b\u5176\u4e8c\uff0c\u57fa\u91d1\u7d93\u7406\u4eba\u60f3\u900f\u904e\u7279\u5b9a\u6295\u8cc7\u7b56\u7565\u5275\u9020\u8d85\u984d\u5831\u916c\u5df2\u7d93\u8d8a\u4f86\u8d8a\u56f0\u96e3\u3002<\/strong>\u56e0\u6b64\uff0c\u70ba\u4ec0\u9ebc\u8fd1\u5e74\u4f86\u6295\u8cc7\u4eba\u958b\u59cb\u63a5\u53d7\u67cf\u683c\u7684\u88ab\u52d5\u5f0f\u6295\u8cc7\uff1f\u7b54\u6848\u986f\u800c\u6613\u898b\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h4 class=\"wp-block-heading\" 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