{"id":98,"date":"2017-06-08T10:05:00","date_gmt":"2017-06-08T02:05:00","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=98"},"modified":"2017-06-08T10:05:00","modified_gmt":"2017-06-08T02:05:00","slug":"%e6%8a%95%e8%b3%87%e7%95%8c%e7%9a%84%e5%b8%8c%e6%b3%a2%e5%85%8b%e6%8b%89%e5%ba%95%e8%aa%93%e8%a9%9e","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=98","title":{"rendered":"\u6295\u8cc7\u754c\u7684\u91ab\u5e2b\u8a93\u8a5e\uff1a\u4e0d\u8981\u9020\u6210\u50b7\u5bb3"},"content":{"rendered":"\n

Vanguard \u8cc7\u6df1\u5206\u6790\u5e2b Don Bennyhoff \u5728\u4ed6\u7684\u8fa6\u516c\u684c\u4e0a\u8cbc\u4e86\u4e00\u5f35\u4fbf\u689d\u7d19\uff0c\u4e0a\u9762\u5beb\u8457\u62c9\u4e01\u6587\u7684\u4e00\u53e5\u8a71\uff0c\u51fa\u81ea\u91ab\u5b78\u754c\u8457\u540d\u7684 \u5e0c\u6ce2\u514b\u62c9\u5e95\u8a93\u8a5e<\/strong>\uff1a\u201cFirst, do no harm\u201d<\/strong>\uff08\u9996\u8981\u539f\u5247\uff0c\u4e0d\u8981\u9020\u6210\u50b7\u5bb3\uff09\u3002<\/p>\n\n\n\n

\u9019\u689d\u8a93\u8a5e\u539f\u672c\u662f\u91ab\u751f\u884c\u91ab\u6642\u61c9\u7576\u9075\u5faa\u7684\u502b\u7406\u6e96\u5247\uff0c\u63d0\u9192\u91ab\u751f\u5728\u6cbb\u7642\u75c5\u4eba\u6642\u61c9\u8a72\u8b39\u614e\uff0c\u4e0d\u8981\u8b93\u932f\u8aa4\u7684\u6c7a\u7b56\u53cd\u800c\u50b7\u5bb3\u75c5\u4eba\u3002\u4f46\u9019\u689d\u539f\u5247\u653e\u5728\u6295\u8cc7\u4e16\u754c\u4e2d\uff0c\u540c\u6a23\u9069\u7528\u3002<\/p>\n\n\n\n

\u6211\u5011\u7d93\u5e38\u53d7\u5230\u5e02\u5834\u6d88\u606f\u3001\u8ca1\u7d93\u540d\u5634\u751a\u81f3\u89aa\u53cb\u7684\u5f71\u97ff\uff0c\u7522\u751f\u5f37\u70c8\u7684\u300c\u505a\u9ede\u4ec0\u9ebc\u300d\uff08do something\uff09\u885d\u52d5<\/strong>\u2014\u2014\u53ef\u80fd\u662f\u8ce3\u51fa\u8cc7\u7522\u3001\u8abf\u6574\u6295\u8cc7\u7d44\u5408\uff0c\u751a\u81f3\u5168\u9762\u64a4\u51fa\u5e02\u5834\u3002<\/p>\n\n\n\n

\u7136\u800c\uff0c\u6bcf\u7576\u9019\u6a23\u7684\u60f3\u6cd5\u6d6e\u73fe\u6642\uff0c\u6211\u5011\u61c9\u8a72\u5148\u81ea\u554f\uff1a\u300c\u9019\u6a23\u505a\uff0c\u6703\u4e0d\u6703\u5c0d\u6211\u7684\u6295\u8cc7\u9020\u6210\u50b7\u5bb3\uff1f\u300d<\/p>\n\n\n\n

\u65b0\u805e\u6a19\u984c\u8207\u5e02\u5834\u566a\u97f3\uff1a\u4f60\u7684\u60c5\u7dd2\u6575\u4eba<\/h2>\n\n\n\n
\"\"
(\u5716\u4e00) \u80a1\u5e02\u81ea1929\u81f32016\u4e00\u6708\u7684\u8d70\u52e2 (S&P 500)<\/figcaption><\/figure>\n\n\n\n

Don Bennyhoff \u5efa\u8b70\u6295\u8cc7\u4eba\uff0c\u5e73\u6642\u61c9\u8a72\u591a\u770b\u4e00\u4e9b\u9577\u671f\u7684\u8d70\u52e2\u5716\uff0c\u9019\u5c0d\u65bc\u4fdd\u6301\u51b7\u975c\u6703\u6709\u5e6b\u52a9\u3002<\/p>\n\n\n\n

\u6b77\u53f2\u4e0a\uff0c\u5e02\u5834\u7d93\u6b77\u904e\u7121\u6578\u6b21\u9707\u76ea\u2014\u2014\u5f9e 1929 \u5e74\u7d93\u6fdf\u5927\u856d\u689d\u30011987 \u5e74\u9ed1\u8272\u661f\u671f\u4e00\u30012000 \u5e74\u7db2\u8def\u6ce1\u6cab\u30012008 \u5e74\u91d1\u878d\u6d77\u562f\u30012020 \u5e74\u65b0\u51a0\u75ab\u60c5\uff0c\u6bcf\u4e00\u6b21\u5e02\u5834\u5d29\u8dcc\u6642\uff0c\u8ca1\u7d93\u65b0\u805e\u8207\u5c08\u5bb6\u5011\u7e3d\u80fd\u7d66\u51fa\u300c\u5408\u7406\u7684\u7406\u7531\u300d\uff0c\u8b93\u6295\u8cc7\u4eba\u76f8\u4fe1\u9019\u6b21\u7684\u5371\u6a5f\u662f\u300c\u8207\u773e\u4e0d\u540c\u300d\u7684\uff0c\u751a\u81f3\u53ef\u80fd\u662f\u7121\u6cd5\u56de\u5fa9\u7684\u707d\u96e3\uff0c\u540c\u6642\u8ca1\u7d93\u540d\u5634\u5011\u4e5f\u6709\u5f88 \u201c\u6b63\u7576\u201d \u7684\u7406\u7531\u544a\u8a34\u6295\u8cc7\u4eba\u8d95\u5feb\u9003\u96e2\u5e02\u5834\uff0c\u4f46\u9019\u9ebc\u505a\u537b\u53cd\u800c\u662f\u5728\u50b7\u5bb3\u4f60\u7684 \u6295\u8cc7 \uff0c\u56e0\u70ba\u5373\u4f7f\u7d93\u6b77\u904e\u9019\u9ebc\u591a\u7684\u91cd\u5927\u4e8b\u4ef6\uff0c\u80a1\u5e02\u4f9d\u7136\u662f\u6301\u7e8c\u5728\u8d70\u9ad8\u800c\u4e0d\u662f\u8d70\u4f4e\u3002<\/p>\n\n\n\n

\u4f46\u5982\u679c\u6211\u5011\u62c9\u9577\u6642\u9593\u4f86\u770b\uff0c\u6bcf\u4e00\u6b21\u5e02\u5834\u5371\u6a5f\u904e\u5f8c\uff0c\u80a1\u5e02\u4ecd\u7136\u6301\u7e8c\u4e0a\u5347\uff0c\u6295\u8cc7\u56de\u5831\u4e5f\u96a8\u6642\u9593\u63a8\u9032\u3002<\/p>\n\n\n\n

\u9019\u8b49\u660e\u4e86\u4e00\u500b\u95dc\u9375\u4e8b\u5be6\uff1a\u5e02\u5834\u7684\u77ed\u671f\u6ce2\u52d5\uff0c\u8207\u9577\u671f\u56de\u5831\u7121\u95dc<\/strong>\u3002\u771f\u6b63\u80fd\u5f71\u97ff\u6211\u5011\u8ca1\u5bcc\u7684\uff0c\u4e0d\u662f\u5e02\u5834\u7684\u5287\u70c8\u8b8a\u52d5\uff0c\u800c\u662f\u5982\u4f55\u61c9\u5c0d\u9019\u4e9b\u8b8a\u52d5<\/strong>\u3002<\/p>\n\n\n\n

\u907f\u514d\u72af\u932f\uff1a\u51b7\u975c\u6bd4\u8070\u660e\u66f4\u91cd\u8981<\/strong><\/h4>\n\n\n\n

\u5e02\u5834\u566a\u97f3\u8207\u60c5\u7dd2\u6ce2\u52d5\uff0c\u6703\u8b93\u6295\u8cc7\u4eba\u72af\u4e0b\u4e09\u5927\u932f\u8aa4\uff1a<\/p>\n\n\n\n

    \n
  1. \u983b\u7e41\u4ea4\u6613<\/strong>\uff1a\u77ed\u671f\u5167\u9032\u51fa\u5e02\u5834\uff0c\u8a66\u5716\u300c\u8eb2\u907f\u98a8\u66b4\u300d\uff0c\u4f46\u5f80\u5f80\u932f\u5931\u5e02\u5834\u53cd\u5f48\u7684\u95dc\u9375\u6642\u523b\u3002<\/li>\n\n\n\n
  2. \u6050\u614c\u8ce3\u51fa<\/strong>\uff1a\u5728\u5e02\u5834\u5927\u8dcc\u6642\u904e\u5ea6\u60b2\u89c0\uff0c\u5fcd\u75db\u8ce3\u51fa\u6301\u6709\u8cc7\u7522\uff0c\u6700\u7d42\u932f\u904e\u9577\u671f\u589e\u503c\u6a5f\u6703\u3002<\/li>\n\n\n\n
  3. \u904e\u5ea6\u81ea\u4fe1<\/strong>\uff1a\u7576\u5e02\u5834\u4e0a\u6f32\u6642\uff0c\u904e\u5ea6\u6a02\u89c0\u4e26\u6295\u5165\u904e\u591a\u98a8\u96aa\u8cc7\u7522\uff0c\u5c0e\u81f4\u672a\u4f86\u53ef\u80fd\u7684\u5287\u70c8\u56de\u64a4\u3002<\/li>\n<\/ol>\n\n\n\n

    \u51b7\u975c\uff0c\u6bd4\u8070\u660e\u66f4\u91cd\u8981\uff01<\/strong> \u4f60\u4e0d\u9700\u8981\u9810\u6e2c\u5e02\u5834\uff0c\u4f60\u53ea\u9700\u8981\u5805\u6301\u7d00\u5f8b<\/strong>\uff0c\u907f\u514d\u56e0\u70ba\u77ed\u671f\u6ce2\u52d5\u800c\u505a\u51fa\u932f\u8aa4\u6c7a\u7b56\u3002<\/p>\n\n\n\n

    \u5982\u4f55\u5be6\u8e10\u300c\u4e0d\u8981\u50b7\u5bb3\u81ea\u5df1\u7684\u6295\u8cc7\u300d\uff1f<\/strong><\/h4>\n\n\n\n

    \u5efa\u7acb\u9577\u671f\u6295\u8cc7\u8a08\u5283\uff0c\u4e26\u5805\u5b88\u7d00\u5f8b<\/strong><\/p>\n\n\n\n

    \u8a2d\u5b9a\u6295\u8cc7\u76ee\u6a19\uff0c\u4e0d\u56e0\u5e02\u5834\u6ce2\u52d5\u8f15\u6613\u6539\u8b8a\u7b56\u7565\uff0c\u904b\u7528\u8cc7\u7522\u914d\u7f6e<\/a><\/strong>\u8207\u591a\u5143\u5316\u6295\u8cc7<\/strong>\u4f86\u964d\u4f4e\u98a8\u96aa\u3002<\/p>\n\n\n\n

    \u4e0d\u8981\u76f2\u76ee\u8ddf\u98a8\uff0c\u5b78\u6703\u904e\u6ffe\u8cc7\u8a0a<\/strong><\/p>\n\n\n\n

    \u907f\u514d\u904e\u5ea6\u95dc\u6ce8\u77ed\u671f\u5e02\u5834\u65b0\u805e\u8207\u540d\u5634\u5efa\u8b70\uff0c\u591a\u770b\u9577\u671f\u5e02\u5834\u8d70\u52e2\u5716<\/strong>\uff0c\u7406\u89e3\u5e02\u5834\u7684\u9031\u671f\u6027\u3002<\/p>\n\n\n\n

    \u6301\u6709\u73fe\u91d1\u90e8\u4f4d\uff0c\u78ba\u4fdd\u8ca1\u52d9\u7a69\u5b9a<\/strong><\/p>\n\n\n\n

    \u4fdd\u6301\u81f3\u5c113-6 \u500b\u6708\u7684\u7dca\u6025\u9810\u5099\u91d1<\/strong>\uff0c\u8b93\u81ea\u5df1\u4e0d\u56e0\u7a81\u767c\u4e8b\u4ef6\u800c\u88ab\u8feb\u8ce3\u51fa\u6295\u8cc7\uff0c\u900f\u904e\u5b9a\u671f\u5b9a\u984d<\/a>\uff08DCA\uff09\u7b56\u7565\uff0c\u5206\u6279\u9032\u5834ETF<\/a>\uff0c\u907f\u514d\u4e00\u6b21\u6027\u6295\u5165\u9020\u6210\u5e02\u5834\u6642\u6a5f\u98a8\u96aa\u3002<\/p>\n\n\n\n

    \u57f9\u990a\u7406\u6027\u5fc3\u614b\uff0c\u5b78\u6703\u5ffd\u7565\u5e02\u5834\u566a\u97f3<\/strong><\/p>\n\n\n\n

    \u6bcf\u7576\u5e02\u5834\u5927\u8dcc\u6642\uff0c\u63d0\u9192\u81ea\u5df1\uff1a\u300c\u9019\u4e0d\u662f\u7b2c\u4e00\u6b21\uff0c\u4e5f\u4e0d\u6703\u662f\u6700\u5f8c\u4e00\u6b21\u3002\u300d\u8a18\u4f4f\uff0c\u6295\u8cc7\u7684\u6642\u9593<\/strong>\u6bd4\u6642\u6a5f<\/strong>\u66f4\u91cd\u8981\uff0c\u5e02\u5834\u7d42\u5c07\u56de\u6b78\u57fa\u672c\u9762\u3002<\/p>\n\n\n\n

      <\/ol>\n\n\n\n

      \u7d50\u8ad6\uff1a\u505a\u5c0d\u7684\u4e8b\uff0c\u800c\u4e0d\u662f\u505a\u5f88\u591a\u4e8b<\/strong><\/h4>\n\n\n\n

      \u6295\u8cc7\u6700\u96e3\u7684\u5730\u65b9\uff0c\u4e0d\u662f\u627e\u5230\u4e0b\u4e00\u500b\u71b1\u9580\u6a19\u7684\uff0c\u800c\u662f\u5728\u5e02\u5834\u5287\u70c8\u6ce2\u52d5\u6642\uff0c\u9078\u64c7\u4ec0\u9ebc\u90fd\u4e0d\u505a<\/strong>\uff0c\u4e26\u6301\u7e8c\u57f7\u884c\u539f\u6709\u8a08\u5283\u3002\u771f\u6b63\u7684\u52dd\u5229\u4f86\u81ea\u65bc\u8010\u5fc3\u8207\u7d00\u5f8b\uff0c\u800c\u975e\u77ed\u7dda\u4ea4\u6613\u8207\u5e02\u5834\u9810\u6e2c<\/strong>\u3002<\/p>\n\n\n\n

      \u4e0b\u4e00\u6b21\uff0c\u7576\u65b0\u805e\u6216\u8ca1\u7d93\u5c08\u5bb6\u544a\u8a34\u4f60\u300c\u8a72\u505a\u4e9b\u4ec0\u9ebc\u300d\u6642\uff0c\u8acb\u8a18\u4f4f Don Bennyhoff \u7684\u5efa\u8b70\uff1a\u300c\u9996\u8981\u539f\u5247\uff0c\u4e0d\u8981\u50b7\u5bb3\u81ea\u5df1\u7684\u6295\u8cc7\u3002\u300d<\/strong><\/p>\n\n\n","protected":false},"excerpt":{"rendered":"

      Vanguard \u8cc7\u6df1\u5206\u6790\u5e2b Don Bennyhoff \u5728\u4ed6\u7684\u8fa6\u516c\u684c\u4e0a\u8cbc\u4e86\u4e00\u5f35\u4fbf\u689d\u7d19\uff0c\u4e0a\u9762\u5beb\u8457\u62c9\u4e01\u6587\u7684\u4e00\u53e5\u8a71 […]<\/p>\n","protected":false},"author":7,"featured_media":104,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33],"tags":[],"class_list":["post-98","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-33"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/98","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98"}],"version-history":[{"count":0,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/98\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/media\/104"}],"wp:attachment":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}