{"id":9887,"date":"2024-05-26T22:39:25","date_gmt":"2024-05-26T14:39:25","guid":{"rendered":"https:\/\/blog.roboadvisor.com.tw\/?p=9887"},"modified":"2026-10-27T10:21:30","modified_gmt":"2026-10-27T02:21:30","slug":"%e6%8c%81%e6%9c%89%e7%8f%be%e9%87%91%e4%b8%8d%e6%8a%95%e8%b3%87%e7%9a%84%e6%a9%9f%e6%9c%83%e6%88%90%e6%9c%ac","status":"publish","type":"post","link":"https:\/\/blog.roboadvisor.com.tw\/?p=9887","title":{"rendered":"\u73fe\u91d1\u9084\u662f\u6295\u8cc7\uff1f\u6eff\u624b\u73fe\u91d1\u653e\u5b9a\u5b58\u3001\u77ed\u50b5\u9084\u662f\u80a1\u50b5\u7684\u9577\u671f\u5dee\u8ddd"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>2026 \u5e74 9 \u6708\u5f80\u56de\u7b97 20 \u5e74\uff0c\u53f0\u7063\u5b9a\u5b58\u5e74\u5316\u7d04 1.36%\uff0c\u7f8e\u570b 60\/40 \u80a1\u50b5\u7d44\u5408\u7d04 8.07%\uff0c\u9577\u671f\u4e0d\u7528\u7684\u9322\u653e\u5728\u73fe\u91d1\u6700\u5403\u8667\u3002<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">\u7cbe\u78ba\u4e00\u9ede\u8b1b\uff0c2006 \u5e74 10 \u6708\u81f3 2026 \u5e74 9 \u6708\uff0c\u53f0\u7063\u4e94\u5927\u9280\u884c\u4e00\u5e74\u671f\u5b9a\u5b58\uff08time deposit\uff09\u63db\u7b97\u5e74\u5316\u7d04 1.36%\uff0c\u7f8e\u570b 3 \u500b\u6708\u671f\u570b\u5eab\u5238\uff08Treasury bill\uff09\u7d04 1.61%\uff0c\u540c\u671f\u7f8e\u570b\u901a\u81a8\uff08inflation\uff09\u5e74\u5316 2.56%\uff0c\u800c\u80a1\u7968 60%\u3001\u50b5\u5238 40% \u7684\u7f8e\u570b 60\/40 \u80a1\u50b5\u7d44\u5408\uff0860\/40 portfolio\uff09\u5e74\u5316 8.07%\uff0c\u4ee3\u50f9\u662f\u9014\u4e2d\u66fe\u4e0b\u8dcc 32.5%<sup>[1][2][3][4]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u73fe\u91d1\u5b88\u4f4f\u4e86\u540d\u76ee\u672c\u91d1\uff0c\u8cfc\u8cb7\u529b\u537b\u4e00\u5e74\u4e00\u5e74\u7e2e\u6c34\uff0c\u901a\u81a8\u5c31\u50cf\u8ca1\u52d9\u4e16\u754c\u7684\u91cd\u529b\uff0c\u4f60\u4e0d\u52d5\uff0c\u5b83\u4e5f\u4e0d\u6703\u653e\u904e\u4f60\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6240\u4ee5\u300c\u73fe\u91d1\u9084\u662f\u6295\u8cc7\u300d\u8981\u770b\u9019\u7b46\u9322\u591a\u4e45\u6703\u7528\u5230\uff0c\u7dca\u6025\u9810\u5099\u91d1\u8207\u8fd1\u5e7e\u5e74\u78ba\u5b9a\u8981\u82b1\u7684\u9322\uff0c\u653e\u73fe\u91d1\u6216\u985e\u73fe\u91d1\u8cc7\u7522\uff1b\u9577\u671f\u7528\u4e0d\u5230\u7684\u9322\u4e00\u76f4\u505c\u5728\u73fe\u91d1\uff0c\u5c31\u662f\u6301\u7e8c\u4ed8\u51fa\u6a5f\u6703\u6210\u672c\u3002<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u8cc7\u91d1\u653e\u5728\u54ea\u88e1<\/th>\n<th>\u8cc7\u6599\u4ee3\u8868<\/th>\n<th>20 \u5e74\u5e74\u5316\u5831\u916c<\/th>\n<th>1 \u5143\u8b8a\u6210<\/th>\n<th>\u671f\u9593\u6700\u5927\u8dcc\u5e45\uff08\u6708\u8cc7\u6599\uff09<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u53f0\u7063\u5b9a\u5b58<\/td>\n<td>\u4e94\u5927\u9280\u884c\u4e00\u5e74\u671f\u5b9a\u5b58\u56fa\u5b9a\u5229\u7387\u5e73\u5747<\/td>\n<td>1.36%<\/td>\n<td>1.31 \u5143<\/td>\n<td>0%\uff08\u540d\u76ee\u672c\u91d1\u4e0d\u6e1b\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u5143\u73fe\u91d1<\/td>\n<td>3 \u500b\u6708\u671f\u7f8e\u570b\u570b\u5eab\u5238<\/td>\n<td>1.61%<\/td>\n<td>1.38 \u5143<\/td>\n<td>0%<\/td>\n<\/tr>\n<tr>\n<td>\u77ed\u671f\u50b5\u5238<\/td>\n<td>\u7f8e\u570b\u77ed\u671f\u50b5\u5238\u6307\u6578\u57fa\u91d1\uff081\u20135 \u5e74\u671f\u653f\u5e9c\u8207\u516c\u53f8\u50b5\uff09<\/td>\n<td>2.51%<\/td>\n<td>1.64 \u5143<\/td>\n<td>\u22127.9%\uff082021-07\uff5e2022-10\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u80a1\u50b5\u7d44\u5408<\/td>\n<td>\u7f8e\u570b 60\/40 \u5e73\u8861\u578b\u6307\u6578\u57fa\u91d1\uff08\u80a1\u7968 60%\u3001\u50b5\u5238 40%\uff09<\/td>\n<td>8.07%<\/td>\n<td>4.72 \u5143<\/td>\n<td>\u221232.5%\uff082007-10\uff5e2009-02\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u53c3\u8003\uff1a\u7f8e\u570b\u80a1\u7968<\/td>\n<td>S&amp;P 500 \u6307\u6578\u57fa\u91d1<\/td>\n<td>11.19%<\/td>\n<td>8.34 \u5143<\/td>\n<td>\u221250.9%\uff082007-10\uff5e2009-02\uff09<\/td>\n<\/tr>\n<tr>\n<td>\u53c3\u8003\uff1a\u7f8e\u570b\u901a\u81a8<\/td>\n<td>\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578\uff08CPI\uff09<\/td>\n<td>2.56%<\/td>\n<td>1.66 \u5143<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u671f\u9593 2006-10-01\uff5e2026-09-30\uff1b\u53f0\u7063\u5b9a\u5b58\u70ba\u65b0\u81fa\u5e63\uff0c\u5176\u9918\u70ba\u7f8e\u5143\u8a08\u50f9\uff0c\u672a\u63db\u7b97\u532f\u7387\uff1b\u57fa\u91d1\u5831\u916c\u5df2\u6263\u57fa\u91d1\u8cbb\u7528\uff0c\u672a\u6263\u7a05\u8ca0\u8207\u4ea4\u6613\u6210\u672c\uff0c\u5b9a\u5b58\u8207\u570b\u5eab\u5238\u4ee5\u6bcf\u6708\u5e73\u5747\u5229\u7387\u9010\u6708\u6efe\u52d5\u6982\u7b97\uff1b\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar \u57fa\u91d1\u6708\u5831\u916c<sup>[1]<\/sup>\u3001\u7f8e\u570b\u806f\u6e96\u6703\u8056\u8def\u6613\u5206\u884c FRED<sup>[2][3]<\/sup>\u3001\u4e2d\u592e\u9280\u884c<sup>[4]<\/sup>\uff0c\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u6574\u7406\u8a08\u7b97\uff1b\u904e\u53bb\u7e3e\u6548\u4e0d\u4ee3\u8868\u672a\u4f86\u8868\u73fe<\/p>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/9887_20\u5e741\u5143\u8b8a\u6210.png\" alt=\"2006 \u5e74 10 \u6708\u81f3 2026 \u5e74 9 \u6708\u6295\u5165 1 \u5143\u7684 20 \u5e74\u7d50\u679c\uff1a\u53f0\u7063\u5b9a\u5b58 1.31 \u5143\u3001\u7f8e\u5143\u570b\u5eab\u5238 1.38 \u5143\u3001\u7f8e\u570b\u901a\u81a8 1.66 \u5143\u3001\u77ed\u671f\u50b5\u5238 1.64 \u5143\u300160\/40 \u80a1\u50b5\u7d44\u5408 4.72 \u5143\u3001S&#038;P 500 8.34 \u5143\uff0c\u4e26\u6a19\u793a\u5404\u81ea\u7684\u671f\u9593\u6700\u5927\u8dcc\u5e45\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1aMorningstar \u57fa\u91d1\u6708\u5831\u916c\u3001FRED\u3001\u4e2d\u592e\u9280\u884c\uff1b\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u6574\u7406\u8a08\u7b97\uff1b\u904e\u53bb\u7e3e\u6548\u4e0d\u4ee3\u8868\u672a\u4f86\u8868\u73fe<\/figcaption><\/figure>\n\n<p class=\"wp-block-paragraph\">\u62ff 100 \u842c\u5143\u4f86\u7b97\uff0c\u653e\u5b9a\u5b58\u662f 100 \u842c \u00d7 1.0136^20 \u2248 131 \u842c\uff0c\u653e 60\/40 \u80a1\u50b5\u7d44\u5408\u662f 100 \u842c \u00d7 1.0807^20 \u2248 472 \u842c\uff0c\u5169\u8005\u5dee\u4e86 472 \u2212 131 \uff1d 341 \u842c\uff08\u80a1\u50b5\u7d44\u5408\u662f\u7f8e\u5143\u8a08\u50f9\uff0c\u9019\u88e1\u53ea\u6bd4\u500d\u6578\uff0c\u6c92\u6709\u63db\u7b97\u532f\u7387\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u516d\u7a2e\u653e\u6cd5\u7684\u5dee\u8ddd\u662f 20 \u5e74\u4e00\u9ede\u4e00\u9ede\u7d2f\u7a4d\u51fa\u4f86\u7684\uff0c\u55ae\u770b\u4efb\u4f55\u4e00\u5e74\u90fd\u770b\u4e0d\u51fa\u4f86\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4ee5 2025 \u5e74\u70ba\u4f8b\uff0c\u53f0\u7063\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578\u5e74\u589e 1.66%<sup>[8]<\/sup>\uff0c\u81fa\u7063\u9280\u884c\u4e00\u5e74\u671f\u5b9a\u5b58\u56fa\u5b9a\u5229\u7387 1.70%\uff082026-10-19 \u724c\u544a\uff09<sup>[5]<\/sup>\uff0c\u7528\u4eca\u5929\u7684\u724c\u544a\u5c0d\u53bb\u5e74\u7684\u901a\u81a8\u7c97\u7b97\uff0c1.70% \u2212 1.66% \uff1d 0.04%\uff0c\u5be6\u8cea\u5831\u916c\uff08real return\uff09\u63a5\u8fd1\u96f6\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u76ee\u9304\uff1a<a href=\"#cost\">\u73fe\u91d1\u7684\u6a5f\u6703\u6210\u672c\u662f\u4ec0\u9ebc<\/a>\uff5c<a href=\"#six\">\u516d\u5f35\u5716\u770b\u6301\u6709\u73fe\u91d1\u932f\u904e\u4ec0\u9ebc<\/a>\uff5c<a href=\"#cash-equivalents\">\u985e\u73fe\u91d1\u8cc7\u7522\u6709\u54ea\u4e9b<\/a>\uff5c<a href=\"#buckets\">\u7dca\u6025\u9810\u5099\u91d1\u4e4b\u5916\u7684\u9322\u600e\u9ebc\u5206<\/a>\uff5c<a href=\"#lump-sum\">\u4e00\u6b21\u6295\u5165\u9084\u662f\u5206\u6279<\/a>\uff5c<a href=\"#checklist\">\u73fe\u91d1\u6c34\u4f4d\u6aa2\u67e5\u8868<\/a>\uff5c<a href=\"#thoughts\">\u6211\u7684\u60f3\u6cd5<\/a>\uff5c<a href=\"#faq\">\u5e38\u898b\u554f\u984c<\/a>\uff5c\u4e0b\u4e00\u984c\uff1a<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=14649\">\u7dca\u6025\u9810\u5099\u91d1\u8981\u5b58\u591a\u5c11<\/a><\/p>\n\n<p class=\"wp-block-paragraph\"><a id=\"cost\"><\/a><\/p>\n\n<h2 class=\"wp-block-heading\">\u73fe\u91d1\u7684\u6a5f\u6703\u6210\u672c\u662f\u4ec0\u9ebc\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">1997 \u5e74\u6ce2\u514b\u590f\u6d77\u745f\u5a01\u5e74\u5ea6\u80a1\u6771\u6703\u4e0a\uff0c\u67e5\u7406\uff0e\u8499\u683c\u8aaa\u904e\uff1a\u300c\u6211\u8a8d\u70ba\u4eba\u751f\u5c31\u662f\u4e00\u9023\u4e32\u7684\u6a5f\u6703\u6210\u672c\u300d\uff0c\u6295\u8cc7\u4e5f\u662f\u4e00\u6a23\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6301\u6709\u73fe\u91d1\u7684\u6a5f\u6703\u6210\u672c\uff08opportunity cost\uff09\uff0c\u662f\u9019\u7b46\u9322\u5982\u679c\u6295\u5165\u50b5\u5238\u6216\u80a1\u7968\u539f\u672c\u53ef\u80fd\u8cfa\u5230\u3001\u537b\u56e0\u70ba\u505c\u5728\u73fe\u91d1\u800c\u653e\u68c4\u7684\u5831\u916c\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5b83\u4e0d\u6703\u51fa\u73fe\u5728\u4efb\u4f55\u5c0d\u5e33\u55ae\u4e0a\uff0c\u6240\u4ee5\u5f88\u5bb9\u6613\u88ab\u5ffd\u7565\uff0c\u5e33\u6236\u88e1\u7684\u6578\u5b57\u6c92\u8b8a\uff0c\u80fd\u8cb7\u5230\u7684\u6771\u897f\u537b\u8b8a\u5c11\u4e86\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6295\u8cc7\u4eba\u9072\u9072\u4e0d\u6295\u5165\uff0c\u5e38\u807d\u5230\u7684\u7406\u7531\u6709\u4e09\u500b\uff1a\u64d4\u5fc3\u5e02\u5834\u6ce2\u52d5\u3001\u64d4\u5fc3\u8cb7\u5728\u9ad8\u9ede\u3001\u89ba\u5f97\u5229\u7387\u9ad8\u7684\u6642\u5019\u653e\u73fe\u91d1\u5c31\u5920\u4e86\uff0c\u516d\u5f35\u5716\u525b\u597d\u4f9d\u5e8f\u56de\u7b54\u9019\u4e09\u500b\u9867\u616e\uff0c\u524d\u4e09\u5f35\u8ac7\u50b5\u5238\u8207\u73fe\u91d1\uff0c\u5f8c\u4e09\u5f35\u8ac7\u80a1\u7968\u8207\u73fe\u91d1\uff0c\u8cc7\u6599\u90fd\u66f4\u65b0\u5230 2025 \u5e74\u5e95<sup>[6]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\"><a id=\"six\"><\/a><\/p>\n\n<h2 class=\"wp-block-heading\">\u6301\u6709\u73fe\u91d1\u932f\u904e\u4e86\u4ec0\u9ebc\uff1f\u516d\u5f35\u5716\u4e00\u5f35\u4e00\u5f35\u770b<\/h2>\n\n<h3 class=\"wp-block-heading\">\u5716\u4e00\uff1a\u9577\u671f\u800c\u8a00\uff0c\u50b5\u5238\u7684\u5831\u916c\u9ad8\u65bc\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1<\/h3>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/image-14-2026.png\" alt=\"1990 \u81f3 2025 \u5e74\u5168\u7403\u7d9c\u5408\u50b5\u5238\u6307\u6578\u3001\u4e00\u5e74\u671f\u7f8e\u570b\u516c\u50b5\u6307\u6578\u8207\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1\u7684 1 \u7f8e\u5143\u6210\u9577\u8d70\u52e2\"\/><\/figure>\n\n<p class=\"wp-block-paragraph\">\u5716\uff1aDimensional Fund Advisors \u539f\u5716\uff082026 \u5e74\u7248\uff0c\u8cc7\u6599\u671f\u9593 1990-12-01\uff5e2025-12-31\uff09<\/p>\n\n<p class=\"wp-block-paragraph\">\u5716\u4e00\u662f\u4e09\u7a2e\u4f4e\u98a8\u96aa\u8cc7\u7522\u7684\u9577\u671f\u6210\u9577\uff0c1990 \u5e74 12 \u6708 1 \u65e5\u6295\u5165 1 \u7f8e\u5143\uff0c\u5230 2025 \u5e74 12 \u6708 31 \u65e5\uff0c\u5168\u7403\u6295\u8cc7\u7b49\u7d1a\u50b5\u5238\uff08\u5f6d\u535a\u5168\u7403\u7d9c\u5408\u50b5\u5238\u6307\u6578\uff0c\u7f8e\u5143\u907f\u96aa\uff09\u8b8a\u6210 5.76 \u7f8e\u5143\uff0c\u4e00\u5e74\u671f\u7f8e\u570b\u516c\u50b5\uff08ICE BofA \u4e00\u5e74\u671f\u7f8e\u570b\u516c\u50b5\u6307\u6578\uff09\u8b8a\u6210 2.95 \u7f8e\u5143\uff0c\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1\uff08Morningstar \u7f8e\u570b\u61c9\u7a05\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1\u985e\u5225\u5e73\u5747\uff09\u8b8a\u6210 2.31 \u7f8e\u5143<sup>[6]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1\uff08money market fund\uff09\u6295\u8cc7\u77ed\u5929\u671f\u7968\u5238\uff0c\u5831\u916c\u8cbc\u8fd1\u77ed\u671f\u5229\u7387\uff0c\u9577\u671f\u800c\u8a00\u5e7e\u4e4e\u7b49\u540c\u6301\u6709\u73fe\u91d1\uff1b\u56fa\u5b9a\u6536\u76ca\u8cc7\u7522\uff08fixed income\uff09\u6307\u50b5\u5238\u9019\u985e\u5b9a\u671f\u652f\u4ed8\u5229\u606f\u7684\u8cc7\u7522\uff0c\u50f9\u683c\u6ce2\u52d5\u901a\u5e38\u5c0f\u65bc\u80a1\u7968\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u540c\u6a23\u662f\u4f4e\u98a8\u96aa\u8cc7\u7522\uff0c\u5929\u671f\u8207\u5e02\u5834\u7bc4\u570d\u62c9\u9577\u4e00\u9ede\uff0c35 \u5e74\u4e0b\u4f86 5.76 \u00f7 2.31 \u2248 2.5 \u500d\uff0c\u5dee\u8ddd\u5c31\u9019\u9ebc\u62c9\u958b\u4e86\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u524d\u9762 20 \u5e74\u7684\u6578\u64da\u4e5f\u662f\u540c\u4e00\u500b\u65b9\u5411\uff0c\u77ed\u671f\u50b5\u5238\u7684\u5e74\u5316\u5831\u916c\u9ad8\u65bc 3 \u500b\u6708\u671f\u570b\u5eab\u5238\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\u50b5\u5238\u4e5f\u6703\u4e0b\u8dcc\uff0c2022 \u5e74\u90a3\u4e00\u6bb5\uff0c\u5168\u7403\u50b5\u5238\u56e0\u70ba\u5404\u570b\u592e\u884c\u5feb\u901f\u5347\u606f\u800c\u56de\u843d\uff0c\u4e4b\u5f8c\u624d\u518d\u5275\u65b0\u9ad8\uff1b\u9019\u5c31\u662f\u50b5\u5238\u548c\u73fe\u91d1\u7684\u53d6\u6368\uff0c\u591a\u4e00\u9ede\u5831\u916c\uff0c\u63db\u4e00\u9ede\u6ce2\u52d5\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5716\u4e8c\uff1a\u5168\u7403\u56fa\u5b9a\u6536\u76ca\u5e02\u5834\u7684\u898f\u6a21\u8207\u5206\u5e03<\/h3>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/image-15-2026.png\" alt=\"2025 \u5e74\u5e95\u5168\u7403\u6295\u8cc7\u7b49\u7d1a\u50b5\u5238\u5e02\u5834\u4f9d\u570b\u5bb6\u8207\u767c\u884c\u4eba\u985e\u578b\u7684\u5206\u5e03\"\/><\/figure>\n\n<p class=\"wp-block-paragraph\">\u5716\uff1aDimensional Fund Advisors \u539f\u5716\uff082026 \u5e74\u7248\uff0c\u8cc7\u6599\u81f3 2025-12-31\uff09\uff0c\u8cc7\u6599\u4f9d\u5f6d\u535a\u5168\u7403\u7d9c\u5408\u50b5\u5238\u6307\u6578<\/p>\n\n<p class=\"wp-block-paragraph\">\u5716\u4e8c\u662f\u5168\u7403\u6295\u8cc7\u7b49\u7d1a\u50b5\u5238\u5e02\u5834\u7684\u5730\u5716\uff0c\u622a\u81f3 2025 \u5e74 12 \u6708 31 \u65e5\uff0c\u6392\u9664\u975e\u6295\u8cc7\u7b49\u7d1a\u50b5\u4e4b\u5f8c\uff0c\u524d\u5e7e\u5927\u5e02\u5834\u70ba\u7f8e\u570b 41%\u3001\u4e2d\u570b 10%\u3001\u65e5\u672c 8%\u3001\u6cd5\u570b\u8207\u5fb7\u570b\u5404 5%\u3001\u82f1\u570b\u8207\u52a0\u62ff\u5927\u5404 4%\uff0c\u8d85\u570b\u5bb6\u7d44\u7e54\u767c\u884c\u7684\u50b5\u5238\u5360 3%<sup>[6]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u56db\u7a2e\u984f\u8272\u4ee3\u8868\u56db\u7a2e\u767c\u884c\u4eba\uff1a<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u985e\u578b<\/th>\n<th>\u662f\u4ec0\u9ebc<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u653f\u5e9c\u76f8\u95dc\uff08Government-related\uff09<\/td>\n<td>\u653f\u5e9c\u6a5f\u69cb\u3001\u5730\u65b9\u653f\u5e9c\u3001\u8d85\u570b\u5bb6\u7d44\u7e54\u767c\u884c\u7684\u50b5\u5238<\/td>\n<\/tr>\n<tr>\n<td>\u516c\u50b5\uff08Treasury\uff09<\/td>\n<td>\u4e2d\u592e\u653f\u5e9c\u767c\u884c\u7684\u77ed\u3001\u4e2d\u3001\u9577\u671f\u516c\u50b5\uff0c\u5305\u542b\u6297\u901a\u81a8\u50b5\u5238<\/td>\n<\/tr>\n<tr>\n<td>\u516c\u53f8\u50b5\uff08Corporate\uff09<\/td>\n<td>\u6c11\u9593\u4f01\u696d\u767c\u884c\u7684\u50b5\u5238<\/td>\n<\/tr>\n<tr>\n<td>\u8b49\u5238\u5316\u50b5\u5238\uff08Securitized\uff09<\/td>\n<td>\u4ee5\u623f\u8cb8\u3001\u8eca\u8cb8\u3001\u4fe1\u7528\u5361\u61c9\u6536\u6b3e\u7b49\u8cc7\u7522\u70ba\u64d4\u4fdd\u767c\u884c\u7684\u50b5\u5238<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u6297\u901a\u81a8\u50b5\u5238\uff08TIPS\uff0cTreasury Inflation-Protected Securities\uff09\u662f\u7f8e\u570b\u8ca1\u653f\u90e8\u767c\u884c\u7684\u516c\u50b5\uff0c\u672c\u91d1\u96a8\u6d88\u8cbb\u8005\u7269\u50f9\u6307\u6578\u8abf\u6574\uff0c\u901a\u81a8\u4e0a\u5347\u6642\u672c\u91d1\u8ddf\u8457\u589e\u52a0\uff0c\u5229\u606f\u4e5f\u96a8\u4e4b\u63d0\u9ad8\uff0c\u7528\u4f86\u4fdd\u8b77\u8cfc\u8cb7\u529b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u52d5\u7522\u62b5\u62bc\u8cb8\u6b3e\u8b49\u5238\uff08MBS\uff0cMortgage-Backed Securities\uff09\u662f\u628a\u8a31\u591a\u623f\u8cb8\u6253\u5305\u6210\u8b49\u5238\u8ce3\u7d66\u6295\u8cc7\u4eba\uff0c\u6295\u8cc7\u4eba\u6536\u5230\u7684\u662f\u623f\u8cb8\u6236\u7e73\u7684\u672c\u91d1\u8207\u5229\u606f\uff1b\u4ee5\u5176\u4ed6\u8cb8\u6b3e\u6216\u61c9\u6536\u6b3e\u64d4\u4fdd\u7684\uff0c\u7a31\u70ba\u8cc7\u7522\u64d4\u4fdd\u8b49\u5238\uff08ABS\uff0cAsset-Backed Securities\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u53f0\u7063\u6295\u8cc7\u4eba\u719f\u6089\u7684\u662f\u5b9a\u5b58\uff0c\u4e0d\u904e\u628a\u8996\u91ce\u62c9\u5230\u5168\u7403\uff0c\u56fa\u5b9a\u6536\u76ca\u5e02\u5834\u9084\u6709\u5404\u570b\u516c\u50b5\u3001\u516c\u53f8\u50b5\u8207\u8b49\u5238\u5316\u50b5\u5238\u53ef\u4ee5\u9078\uff0c\u53ef\u4ee5\u4f9d\u76ee\u6a19\u6311\u4e0d\u540c\u5929\u671f\u3001\u4e0d\u540c\u767c\u884c\u4eba\u7684\u50b5\u5238\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5716\u4e09\uff1a\u5229\u7387\u4e0d\u6703\u540c\u6b65\u79fb\u52d5\uff0c\u77ed\u5929\u671f\u8207\u9577\u5929\u671f\u50b5\u5238\u5404\u6709\u89d2\u8272<\/h3>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/image-16-2026.png\" alt=\"2015 \u81f3 2025 \u5e74\u7f8e\u570b\u4e00\u500b\u6708\u671f\u570b\u5eab\u5238\u30015 \u5e74\u671f\u300110 \u5e74\u671f\u300130 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387\u8207\u806f\u90a6\u57fa\u91d1\u5229\u7387\u4e0a\u9650\u8d70\u52e2\"\/><\/figure>\n\n<p class=\"wp-block-paragraph\">\u5716\uff1aDimensional Fund Advisors \u539f\u5716\uff082026 \u5e74\u7248\uff0c\u8cc7\u6599\u671f\u9593 2015-01\uff5e2025-12\uff09<\/p>\n\n<p class=\"wp-block-paragraph\">\u5716\u4e09\u7684\u9ec3\u7dda\u662f\u4e00\u500b\u6708\u671f\u570b\u5eab\u5238\uff0c\u85cd\u7da0\u8272\u7cfb\u662f 5 \u5e74\u300110 \u5e74\u300130 \u5e74\u671f\u516c\u50b5\uff0c\u7070\u8272\u968e\u68af\u662f\u806f\u6e96\u6703\u7684\u806f\u90a6\u57fa\u91d1\u5229\u7387\uff08federal funds rate\uff09\u76ee\u6a19\u4e0a\u9650\uff0c\u5404\u5929\u671f\u7684\u6b96\u5229\u7387\u8d70\u52e2\u4e26\u4e0d\u540c\u6b65\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">2023 \u5e74\u77ed\u5929\u671f\u6b96\u5229\u7387\u9ad8\u65bc\u9577\u5929\u671f\uff0c\u5f62\u6210\u6b96\u5229\u7387\u5012\u639b\uff08inverted yield curve\uff09\uff0c\u5230\u4e86 2026 \u5e74 10 \u6708\uff0c\u60c5\u6cc1\u53cd\u904e\u4f86<sup>[7]<\/sup>\uff1a<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u9805\u76ee<\/th>\n<th>\u6578\u503c<\/th>\n<th>\u65e5\u671f<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u806f\u90a6\u57fa\u91d1\u5229\u7387\u76ee\u6a19\u5340\u9593<\/td>\n<td>3.75%\u20134.00%<\/td>\n<td>2026-10-18<\/td>\n<\/tr>\n<tr>\n<td>1 \u500b\u6708\u671f\u570b\u5eab\u5238\u6b96\u5229\u7387<\/td>\n<td>4.17%<\/td>\n<td>2026-10-15<\/td>\n<\/tr>\n<tr>\n<td>1 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387<\/td>\n<td>4.49%<\/td>\n<td>2026-10-15<\/td>\n<\/tr>\n<tr>\n<td>10 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387<\/td>\n<td>5.10%<\/td>\n<td>2026-10-15<\/td>\n<\/tr>\n<tr>\n<td>30 \u5e74\u671f\u516c\u50b5\u6b96\u5229\u7387<\/td>\n<td>5.43%<\/td>\n<td>2026-10-15<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">10 \u5e74\u671f\u6e1b 1 \u500b\u6708\u671f\uff0c5.10% \u2212 4.17% \uff1d 0.93 \u500b\u767e\u5206\u9ede\uff0c\u9577\u5929\u671f\u73fe\u5728\u591a\u7d66\u4e86\u5c07\u8fd1\u4e00\u500b\u767e\u5206\u9ede\uff1b\u653f\u7b56\u5229\u7387\u53ea\u662f\u8d77\u9ede\uff0c\u4e0d\u540c\u5929\u671f\u7684\u50b5\u5238\u5404\u81ea\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u7684\u770b\u6cd5\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">Dimensional \u53e6\u4e00\u5f35\u5716\u6307\u51fa\uff0c2009\u20132018 \u5e74\u806f\u90a6\u57fa\u91d1\u5229\u7387\u5927\u591a\u8cbc\u8fd1\u96f6\uff0c\u540c\u671f\u5f6d\u535a\u5168\u7403\u7d9c\u5408\u50b5\u5238\u6307\u6578\uff08\u7f8e\u5143\u907f\u96aa\uff09\u5e74\u5316\u5831\u916c\u4ecd\u6709 3.78%<sup>[6]<\/sup>\uff0c\u5229\u7387\u4f4e\u7684\u5e74\u4ee3\uff0c\u50b5\u5238\u7167\u6a23\u63d0\u4f9b\u9ad8\u65bc\u73fe\u91d1\u7684\u5831\u916c\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u77ed\u671f\u8cc7\u91d1\u8981\u653e\u5728\u54ea\u4e00\u7a2e\u5de5\u5177\uff0c\u5f8c\u9762\u3008\u985e\u73fe\u91d1\u8cc7\u7522\u6709\u54ea\u4e9b\u3009\u6709\u4e00\u5f35\u6bd4\u8f03\u8868\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5716\u56db\uff1a\u9577\u671f\u4f86\u770b\uff0c\u8cc7\u672c\u5e02\u5834\u734e\u52f5\u9858\u610f\u7b49\u5f85\u7684\u6295\u8cc7\u4eba<\/h3>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/image-17-2026.png\" alt=\"1926 \u81f3 2025 \u5e74\u7f8e\u570b\u5c0f\u578b\u80a1\u3001\u5927\u578b\u80a1\u3001\u9577\u671f\u516c\u50b5\u3001\u570b\u5eab\u5238\u8207\u901a\u81a8\u7684 1 \u7f8e\u5143\u6210\u9577\u8d70\u52e2\"\/><\/figure>\n\n<p class=\"wp-block-paragraph\">\u5716\uff1aDimensional Fund Advisors \u539f\u5716\uff082026 \u5e74\u7248\uff0c\u8cc7\u6599\u671f\u9593 1926\uff5e2025\uff09<\/p>\n\n<p class=\"wp-block-paragraph\">\u5df4\u83f2\u7279\u8aaa\u904e\uff0c\u80a1\u5e02\u662f\u628a\u9322\u5f9e\u6c92\u8010\u5fc3\u7684\u4eba\u624b\u4e0a\uff0c\u8f49\u79fb\u5230\u6709\u8010\u5fc3\u7684\u4eba\u624b\u4e0a\u7684\u88dd\u7f6e\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5716\u56db\u62c9\u5230 100 \u5e74\uff0c1926 \u5e74\u6295\u5165 1 \u7f8e\u5143\uff0c\u5230 2025 \u5e74\u5e95<sup>[6]<\/sup>\uff1a<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u8cc7\u7522<\/th>\n<th>1 \u7f8e\u5143\u8b8a\u6210<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u901a\u81a8\uff08CPI\uff09<\/td>\n<td>18 \u7f8e\u5143<\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b\u570b\u5eab\u5238<\/td>\n<td>25 \u7f8e\u5143<\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b\u9577\u671f\u516c\u50b5<\/td>\n<td>135 \u7f8e\u5143<\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b\u5927\u578b\u80a1\uff08S&amp;P 500 \u6307\u6578\uff09<\/td>\n<td>21,453 \u7f8e\u5143<\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b\u5c0f\u578b\u80a1\uff08CRSP 6\u201310 \u6307\u6578\uff09<\/td>\n<td>43,837 \u7f8e\u5143<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u7269\u50f9 100 \u5e74\u6f32\u4e86 18 \u500d\uff0c\u570b\u5eab\u5238 25 \u500d\uff0c\u6263\u6389\u7269\u50f9\u53ea\u5269 25 \u00f7 18 \u2248 1.39 \u500d\uff0c100 \u5e74\u7684\u5be6\u8cea\u6210\u9577\u5927\u7d04 39%\uff1b\u5927\u578b\u80a1\u662f 21,453 \u00f7 18 \u2248 1,192 \u500d\u3002<\/p>\n\n<p class=\"wp-block-paragraph\"><strong>\u73fe\u91d1\u985e\u8cc7\u7522\u7684\u9577\u671f\u4efb\u52d9\u662f\u8ddf\u4e0a\u7269\u50f9\uff0c\u62c9\u958b\u5dee\u8ddd\u7684\u662f\u80a1\u7968\u3002<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">\u9019\u689d\u767e\u5e74\u8d70\u52e2\u672c\u8eab\u5c31\u662f\u7531\u4e00\u6b21\u53c8\u4e00\u6b21\u7684\u6b77\u53f2\u65b0\u9ad8\u9023\u6210\u7684\uff0c\u5275\u65b0\u9ad8\u4e26\u4e0d\u662f\u505c\u6b62\u6295\u8cc7\u7684\u8a0a\u865f\uff08\u5e02\u5834\u4e5f\u4e0d\u6703\u56e0\u70ba\u8ab0\u96e2\u5834\u5c31\u505c\u6b62\u4e0a\u6f32\uff0c\u6216\u56e0\u70ba\u8ab0\u9032\u5834\u5c31\u4e0d\u4e0b\u8dcc\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">Vanguard \u5275\u8fa6\u4eba\u7d04\u7ff0\uff0e\u67cf\u683c\uff08John C. Bogle\uff09\u7684\u63d0\u9192\u662f\uff1a\u300c\u6642\u9593\u662f\u4f60\u7684\u670b\u53cb\uff0c\u885d\u52d5\u662f\u4f60\u7684\u6575\u4eba\u3002\u300d\uff08Time is your friend; impulse is your enemy.\uff09<\/p>\n\n<p class=\"wp-block-paragraph\">\u80a1\u7968\u9577\u671f\u5831\u916c\u8f03\u9ad8\uff0c\u4ee3\u50f9\u662f\u77ed\u671f\u6ce2\u52d5\u8f03\u5927\uff0c\u524d\u9762 20 \u5e74\u6578\u64da\u88e1 S&amp;P 500 \u66fe\u4e0b\u8dcc 50.9%\uff0c\u80fd\u4e0d\u80fd\u627f\u53d7\u9019\u7a2e\u8dcc\u5e45\uff0c\u6c7a\u5b9a\u80a1\u7968\u5728\u4e00\u500b\u4eba\u7684\u8cc7\u7522\u88e1\u8a72\u5360\u591a\u5c11\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5716\u4e94\uff1a\u5229\u7387\u9ad8\u6216\u4f4e\uff0c\u90fd\u4e0d\u662f\u80a1\u5e02\u5831\u916c\u7684\u6709\u6548\u9810\u6e2c\u6307\u6a19<\/h3>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/image-18-2026.png\" alt=\"1955 \u81f3 2025 \u5e74\u7f8e\u570b 3 \u500b\u6708\u671f\u570b\u5eab\u5238\u6b96\u5229\u7387\u8207 S&#038;P 500 \u5e74\u5831\u916c\u6563\u5e03\u5716\"\/><\/figure>\n\n<p class=\"wp-block-paragraph\">\u5716\uff1aDimensional Fund Advisors \u539f\u5716\uff082026 \u5e74\u7248\uff0c\u8cc7\u6599\u671f\u9593 1955\uff5e2025\uff09<\/p>\n\n<p class=\"wp-block-paragraph\">\u5e38\u807d\u5230\u7684\u8aaa\u6cd5\u662f\u300c\u5229\u7387\u9ad8\u7684\u6642\u5019\u4e0d\u9069\u5408\u6295\u8cc7\u80a1\u7968\uff0c\u653e\u5b9a\u5b58\u5c31\u597d\u300d\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5716\u4e94\u4ee5 1955 \u5e74\u4ee5\u4f86\u5e74\u521d 3 \u500b\u6708\u671f\u570b\u5eab\u5238\u6b96\u5229\u7387\u7684\u4e2d\u4f4d\u6578\u70ba\u754c\uff0c\u628a\u6bcf\u4e00\u5e74\u5206\u6210\u5169\u7d44\uff0c\u5e74\u521d\u5229\u7387\u4f4e\u65bc\u4e2d\u4f4d\u6578\u7684\u5e74\u4efd\uff0cS&amp;P 500 \u5e73\u5747\u5e74\u5831\u916c 11.62%\uff0c\u9ad8\u65bc\u4e2d\u4f4d\u6578\u7684\u5e74\u4efd\u662f 12.82%<sup>[6]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5169\u7d44\u53ea\u5dee 12.82% \u2212 11.62% \uff1d 1.20 \u500b\u767e\u5206\u9ede\uff0c\u6bcf\u4e00\u5e74\u7684\u9ede\u4e5f\u6563\u5f97\u5f88\u958b\uff0c\u9ad8\u5229\u7387\u5e74\u4efd\u88e1\u6709\u5927\u6f32\u4e5f\u6709\u5927\u8dcc\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5229\u7387\u9ad8\u4f4e\u6c92\u8fa6\u6cd5\u544a\u8a34\u6211\u5011\u4eca\u5e74\u80a1\u5e02\u6703\u6f32\u9084\u662f\u8dcc\uff0c\u6211\u4e0d\u77e5\u9053\uff0c\u6c92\u6709\u4eba\u77e5\u9053\uff0c\u5229\u7387\u4e5f\u4e0d\u77e5\u9053\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">2026 \u5e74 10 \u6708\u77ed\u671f\u5229\u7387\u5728 4% \u4e0a\u4e0b\uff0c\u7b49\u5229\u7387\u56de\u843d\u518d\u9032\u5834\uff0c\u4e26\u6c92\u6709\u6b77\u53f2\u6578\u64da\u652f\u6301\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5716\u516d\uff1a\u5f85\u5728\u5e02\u5834\u88e1\uff0c\u6bd4\u731c\u9ad8\u4f4e\u9ede\u91cd\u8981<\/h3>\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/image-19-2026.png\" alt=\"2001 \u81f3 2025 \u5e74\u6295\u8cc7\u7f85\u7d20 3000 \u6307\u6578 1,000 \u7f8e\u5143\uff0c\u932f\u904e\u6f32\u5e45\u6700\u5927\u7684\u4e00\u9031\u3001\u4e00\u500b\u6708\u3001\u4e09\u500b\u6708\u3001\u516d\u500b\u6708\u5f8c\u7684\u7d50\u679c\"\/><\/figure>\n\n<p class=\"wp-block-paragraph\">\u5716\uff1aDimensional Fund Advisors \u539f\u5716\uff082026 \u5e74\u7248\uff0c\u8cc7\u6599\u671f\u9593 2001\uff5e2025\uff09<\/p>\n\n<p class=\"wp-block-paragraph\">\u80a1\u5e02\u5275\u65b0\u9ad8\u6642\uff0c\u4e0d\u5c11\u6295\u8cc7\u4eba\u6703\u60f3\u300c\u5148\u8ce3\u4e00\u4e9b\uff0c\u843d\u888b\u70ba\u5b89\u300d\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u7d04\u7ff0\uff0e\u67cf\u683c\u8aaa\u904e\uff0c\u4ed6\u5728 50 \u5e74\u7684\u6295\u8cc7\u751f\u6daf\u88e1\uff0c\u6c92\u6709\u8a8d\u8b58\u4efb\u4f55\u4e00\u500b\u4eba\u80fd\u6301\u7e8c\u6210\u529f\u5730\u4f9d\u9032\u51fa\u5834\u8a0a\u865f\u64cd\u4f5c\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5716\u516d\u662f 2001 \u5e74 1 \u6708 1 \u65e5\u6295\u5165 1,000 \u7f8e\u5143\u5728\u4ee3\u8868\u7f8e\u570b\u6574\u9ad4\u80a1\u5e02\u7684\u7f85\u7d20 3000 \u6307\u6578\uff0c\u5230 2025 \u5e74\u5e95\u7684\u7d50\u679c<sup>[6]<\/sup>\uff1a<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u60c5\u5883<\/th>\n<th>1,000 \u7f8e\u5143\u8b8a\u6210<\/th>\n<th>\u932f\u904e\u7684\u90a3\u4e00\u6bb5<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u4e00\u76f4\u6301\u6709<\/td>\n<td>8,360 \u7f8e\u5143<\/td>\n<td>\u2014<\/td>\n<\/tr>\n<tr>\n<td>\u932f\u904e\u6f32\u5e45\u6700\u5927\u7684\u4e00\u9031<\/td>\n<td>6,977 \u7f8e\u5143<\/td>\n<td>\u622a\u81f3 2008-11-28 \u7684\u4e00\u9031<\/td>\n<\/tr>\n<tr>\n<td>\u932f\u904e\u6f32\u5e45\u6700\u5927\u7684\u4e00\u500b\u6708<\/td>\n<td>6,676 \u7f8e\u5143<\/td>\n<td>\u622a\u81f3 2020-04-22 \u7684\u4e00\u500b\u6708<\/td>\n<\/tr>\n<tr>\n<td>\u932f\u904e\u6f32\u5e45\u6700\u5927\u7684\u4e09\u500b\u6708<\/td>\n<td>5,893 \u7f8e\u5143<\/td>\n<td>\u622a\u81f3 2020-06-22 \u7684\u4e09\u500b\u6708<\/td>\n<\/tr>\n<tr>\n<td>\u932f\u904e\u6f32\u5e45\u6700\u5927\u7684\u516d\u500b\u6708<\/td>\n<td>5,425 \u7f8e\u5143<\/td>\n<td>\u622a\u81f3 2009-09-04 \u7684\u516d\u500b\u6708<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u53ea\u932f\u904e\u4e00\u9031\uff0c\u5c31\u5c11\u4e86 8,360 \u2212 6,977 \uff1d 1,383 \u7f8e\u5143\uff1b\u932f\u904e\u516d\u500b\u6708\uff0c\u5c11\u4e86 8,360 \u2212 5,425 \uff1d 2,935 \u7f8e\u5143\uff0c\u5927\u7d04\u662f\u4e00\u76f4\u6301\u6709\u7684 35%\uff082,935 \u00f7 8,360 \u2248 0.35\uff09\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u6f32\u5e45\u6700\u5927\u7684\u5e7e\u6bb5\uff0c\u90fd\u51fa\u73fe\u5728 2008 \u5e74\u91d1\u878d\u6d77\u562f\u8207 2020 \u5e74\u75ab\u60c5\u9019\u7a2e\u5e02\u5834\u6700\u6050\u614c\u7684\u6642\u5019\uff0c\u8ce3\u51fa\u5f8c\u60f3\u7b49\u300c\u60c5\u6cc1\u660e\u6717\u300d\u518d\u8cb7\u56de\uff0c\u6700\u5bb9\u6613\u932f\u904e\u7684\u6b63\u662f\u9019\u5e7e\u6bb5\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">Dimensional \u53e6\u4e00\u4efd\u7d71\u8a08\u770b\u7684\u662f\u5927\u8dcc\u4e4b\u5f8c\uff0c1982 \u5e74 2 \u6708\u81f3 2025 \u5e74 12 \u6708\uff0c\u7f8e\u570b\u80a1\u5e02\u4e09\u500b\u6708\u5167\u4e0b\u8dcc 10% \u4ee5\u4e0a\u5171 29 \u6b21\uff0c\u8dcc\u5b8c\u4e4b\u5f8c 60\/40 \u80a1\u50b5\u7d44\u5408\u76f8\u8f03\u5168\u90e8\u63db\u6210\u73fe\u91d1\uff0c\u63a5\u4e0b\u4f86 1\u30013\u30016\u300112 \u500b\u6708\u5e73\u5747\u5206\u5225\u591a\u8cfa 1.78%\u30014.19%\u30017.80%\u300113.01%<sup>[6]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\"><strong>\u5728\u932f\u8aa4\u7684\u6642\u9593\u63db\u6210\u73fe\u91d1\uff0c\u50b7\u5bb3\u5f80\u5f80\u6bd4\u5e02\u5834\u4e0b\u8dcc\u672c\u8eab\u66f4\u5927\u3002<\/strong><\/p>\n\n<p class=\"wp-block-paragraph\">\u80a1\u5e02\u4e0b\u8dcc\u6642\u8ce3\u80a1\u63db\u73fe\u91d1\u7684\u4ee3\u50f9\uff0c\u53e6\u898b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=1394\">\u80a1\u5e02\u4e0b\u8dcc\u6642\u8ce3\u80a1\u63db\u73fe\u91d1\uff0c\u6703\u4ed8\u51fa\u4ec0\u9ebc\u4ee3\u50f9\uff1f<\/a>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\"><a id=\"cash-equivalents\"><\/a><\/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\">\u985e\u73fe\u91d1\u8cc7\u7522\u6709\u54ea\u4e9b\uff1f\u5b9a\u5b58\u3001\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1\u3001\u570b\u5eab\u5238\u8207\u77ed\u5929\u671f\u50b5\u5238\u6bd4\u8f03<\/h2>\n\n<p class=\"wp-block-paragraph\">\u985e\u73fe\u91d1\u8cc7\u7522\uff08cash equivalents\uff09\u662f\u6d41\u52d5\u6027\u9ad8\u3001\u5230\u671f\u65e5\u77ed\u3001\u50f9\u503c\u8b8a\u52d5\u98a8\u96aa\u5f88\u5c0f\u3001\u53ef\u4ee5\u5f88\u5feb\u63db\u56de\u78ba\u5b9a\u91d1\u984d\u73fe\u91d1\u7684\u8cc7\u7522\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u570b\u969b\u6703\u8a08\u6e96\u5247 IAS 7 \u7684\u5b9a\u7fa9\uff0c\u901a\u5e38\u4ee5\u81ea\u53d6\u5f97\u65e5\u8d77\u4e09\u500b\u6708\u5167\u5230\u671f\u70ba\u6e96<sup>[10]<\/sup>\uff0c\u4e00\u822c\u7406\u8ca1\u8a0e\u8ad6\u7684\u7bc4\u570d\u5bec\u4e00\u4e9b\uff0c\u6703\u628a\u4e00\u5e74\u5167\u5230\u671f\u7684\u77ed\u671f\u5de5\u5177\u4e5f\u7b97\u9032\u4f86\u3002<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u5de5\u5177<\/th>\n<th>\u6d41\u52d5\u6027<\/th>\n<th>\u672c\u91d1\u6703\u4e0d\u6703\u6ce2\u52d5<\/th>\n<th>\u4e3b\u8981\u98a8\u96aa<\/th>\n<th>\u9069\u5408\u653e\u4ec0\u9ebc\u9322<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u6d3b\u671f\u5b58\u6b3e<\/td>\n<td>\u96a8\u6642\u53ef\u7528<\/td>\n<td>\u4e0d\u6703<\/td>\n<td>\u5229\u7387\u4f4e\uff0c\u8cfc\u8cb7\u529b\u6d41\u5931<\/td>\n<td>\u65e5\u5e38\u958b\u92b7<\/td>\n<\/tr>\n<tr>\n<td>\u5b9a\u671f\u5b58\u6b3e\u3001\u5b9a\u671f\u5132\u84c4\u5b58\u6b3e<\/td>\n<td>\u5230\u671f\u9818\u56de\uff1b\u4e2d\u9014\u89e3\u7d04\u5229\u606f\u6253\u6298<\/td>\n<td>\u4e0d\u6703\uff08\u540d\u76ee\u672c\u91d1\uff09<\/td>\n<td>\u4e2d\u9014\u89e3\u7d04\u7684\u5229\u606f\u640d\u5931\u3001\u901a\u81a8<\/td>\n<td>\u78ba\u5b9a\u65e5\u671f\u8981\u7528\u7684\u9322<\/td>\n<\/tr>\n<tr>\n<td>\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1<\/td>\n<td>\u7533\u8acb\u8d16\u56de\u5f8c\u6578\u500b\u71df\u696d\u65e5\u5165\u5e33<\/td>\n<td>\u5f88\u5c0f\uff0c\u4f46\u975e\u4fdd\u672c<\/td>\n<td>\u4e0d\u53d7\u5b58\u6b3e\u4fdd\u96aa\u4fdd\u969c\uff1b\u6536\u76ca\u96a8\u77ed\u671f\u5229\u7387\u8b8a\u52d5<\/td>\n<td>\u7b49\u5f85\u6295\u5165\u7684\u8cc7\u91d1<\/td>\n<\/tr>\n<tr>\n<td>\u7f8e\u570b\u570b\u5eab\u5238\uff08\u4e00\u5e74\u5167\u5230\u671f\uff09<\/td>\n<td>\u53ef\u5728\u6b21\u7d1a\u5e02\u5834\u8ce3\u51fa\uff0c\u6216\u6301\u6709\u5230\u671f<\/td>\n<td>\u5f88\u5c0f<\/td>\n<td>\u4ee5\u7f8e\u5143\u8a08\u50f9\u7684\u532f\u7387\u98a8\u96aa<\/td>\n<td>\u7f8e\u5143\u77ed\u671f\u8cc7\u91d1<\/td>\n<\/tr>\n<tr>\n<td>\u77ed\u5929\u671f\u50b5\u5238\u57fa\u91d1\u6216 ETF<\/td>\n<td>\u958b\u76e4\u6642\u9593\u53ef\u8ce3\u51fa\uff08ETF\uff09\u6216\u7533\u8acb\u8d16\u56de\uff08\u57fa\u91d1\uff09<\/td>\n<td>\u5c0f\uff0c\u5347\u606f\u6642\u6703\u8dcc\uff08\u524d\u8868 2021\u20132022 \u6700\u5927\u8dcc\u7d04 8%\uff09<\/td>\n<td>\u5229\u7387\u3001\u4fe1\u7528\u3001\u532f\u7387\uff1bETF \u53e6\u6709\u6298\u6ea2\u50f9<\/td>\n<td>\u4e00\u5e74\u4ee5\u4e0a\u7528\u4e0d\u5230\u3001\u80fd\u627f\u53d7\u5c0f\u5e45\u6ce2\u52d5\u7684\u9322<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u5b58\u6b3e\u5728\u6bcf\u5bb6\u8981\u4fdd\u6a5f\u69cb\u4eab\u6709\u4e2d\u592e\u5b58\u6b3e\u4fdd\u96aa\u516c\u53f8\u6700\u9ad8\u65b0\u81fa\u5e63 300 \u842c\u5143\u7684\u5b58\u6b3e\u4fdd\u96aa\uff08deposit insurance\uff09\u4fdd\u969c<sup>[11]<\/sup>\uff0c\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1\u3001\u50b5\u5238\u8207 ETF \u90fd\u4e0d\u5728\u5b58\u6b3e\u4fdd\u96aa\u7bc4\u570d\u5167\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u81fa\u7063\u9280\u884c 2026 \u5e74 10 \u6708 19 \u65e5\u724c\u544a\u7684\u4e00\u5e74\u671f\u5b9a\u671f\u5b58\u6b3e\u56fa\u5b9a\u5229\u7387\u70ba 1.70%\uff0c\u5b9a\u671f\u5132\u84c4\u5b58\u6b3e\u56fa\u5b9a\u5229\u7387\u70ba 1.725%<sup>[5]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u985e\u73fe\u91d1\u8ca0\u8cac\u7684\u662f\u96a8\u6642\u62ff\u5f97\u5230\uff0c\u8981\u8b93\u8cc7\u7522\u9577\u671f\u6210\u9577\uff0c\u9760\u7684\u662f\u80a1\u7968\u8207\u50b5\u5238\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u985e\u73fe\u91d1\u653e\u591a\u5c11\uff0c\u5148\u5f9e\u7dca\u6025\u9810\u5099\u91d1\uff08emergency fund\uff09\u7b97\u8d77\uff0c\u6bcf\u6708\u5fc5\u8981\u652f\u51fa\u8981\u6e96\u5099\u5e7e\u500b\u6708\u3001\u653e\u5728\u54ea\u88e1\uff0c\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=14649\">\u7dca\u6025\u9810\u5099\u91d1\u8981\u5b58\u591a\u5c11\uff1f3\u20136 \u500b\u6708\u751f\u6d3b\u8cbb\u600e\u9ebc\u7b97<\/a>\u6709\u516c\u5f0f\u8207\u7bc4\u4f8b\u3002<\/p>\n\n<p class=\"wp-block-paragraph\"><a id=\"buckets\"><\/a><\/p>\n\n<h2 class=\"wp-block-heading\">\u7dca\u6025\u9810\u5099\u91d1\u4e4b\u5916\u7684\u9322\u600e\u9ebc\u5206\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">\u624b\u4e0a\u7684\u73fe\u91d1\u53ef\u4ee5\u4f9d\u300c\u4ec0\u9ebc\u6642\u5019\u8981\u7528\u300d\u5206\u6210\u4e09\u4efd\uff0c\u6bcf\u4e00\u4efd\u7684\u4efb\u52d9\u4e0d\u540c\uff1a<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>\u9019\u7b46\u9322<\/th>\n<th>\u4ec0\u9ebc\u6642\u5019\u7528<\/th>\n<th>\u4efb\u52d9<\/th>\n<th>\u9069\u5408\u7684\u5de5\u5177<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>\u7dca\u6025\u9810\u5099\u91d1<\/td>\n<td>\u96a8\u6642\uff0c\u7121\u6cd5\u9810\u671f<\/td>\n<td>\u5931\u696d\u3001\u91ab\u7642\u3001\u6025\u4fee\u6642\u4e0d\u5fc5\u8ce3\u6295\u8cc7<\/td>\n<td>\u6d3b\u5b58\u3001\u77ed\u671f\u5b9a\u5b58\u3001\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1<\/td>\n<\/tr>\n<tr>\n<td>\u6709\u660e\u78ba\u7528\u9014\u7684\u9322<\/td>\n<td>\u6709\u65e5\u671f\uff1a\u8cfc\u5c4b\u982d\u671f\u6b3e\u3001\u5b78\u8cbb\u3001\u63db\u8eca<\/td>\n<td>\u5230\u671f\u6642\u91d1\u984d\u8981\u5728<\/td>\n<td>\u4f9d\u7528\u9322\u65e5\u671f\u914d\u5408\u5929\u671f\u7684\u5b9a\u5b58\u6216\u77ed\u671f\u50b5\u5238<\/td>\n<\/tr>\n<tr>\n<td>\u9577\u671f\u8cc7\u91d1<\/td>\n<td>\u591a\u5e74\u5167\u7528\u4e0d\u5230<\/td>\n<td>\u8dd1\u8d0f\u901a\u81a8\u3001\u7d2f\u7a4d\u8cc7\u7522<\/td>\n<td>\u4f9d\u76ee\u6a19\u8207\u98a8\u96aa\u627f\u53d7\u5ea6\u914d\u7f6e\u80a1\u7968\u8207\u50b5\u5238<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u524d\u5169\u4efd\u653e\u5728\u73fe\u91d1\u6216\u985e\u73fe\u91d1\uff0c\u662f\u70ba\u4e86\u4e0d\u8b93\u77ed\u671f\u9700\u8981\u903c\u4f60\u5728\u5e02\u5834\u4f4e\u9ede\u8ce3\u51fa\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u554f\u984c\u5e38\u51fa\u5728\u7b2c\u4e09\u4efd\uff0c\u5b83\u6c92\u6709\u88ab\u6307\u6d3e\u4efb\u52d9\uff0c\u5c31\u4e00\u76f4\u7559\u5728\u6d3b\u5b58\u88e1\uff08\u8aaa\u5be6\u5728\uff0c\u591a\u534a\u662f\u4e00\u76f4\u6c92\u7a7a\u8655\u7406\uff09\uff0c\u591a\u9918\u73fe\u91d1\u6307\u7684\u5c31\u662f\u9019\u7b2c\u4e09\u4efd\uff0c\u653e\u8457\u4e0d\u52d5\uff0c\u6bcf\u5e74\u90fd\u5728\u4ed8\u6a5f\u6703\u6210\u672c\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u9577\u671f\u8cc7\u91d1\u88e1\u80a1\u7968\u8207\u50b5\u5238\u5404\u653e\u591a\u5c11\uff0c\u53d6\u6c7a\u65bc\u6295\u8cc7\u671f\u9593\u8207\u80fd\u627f\u53d7\u7684\u8dcc\u5e45\uff0c\u524d\u9762 20 \u5e74\u7684\u6578\u64da\u88e1\uff0c60\/40 \u7d44\u5408\u66fe\u4e0b\u8dcc 32.5%\u3001S&amp;P 500 \u66fe\u4e0b\u8dcc 50.9%\uff0c\u53ef\u4ee5\u5148\u554f\u81ea\u5df1\u9047\u5230\u9019\u7a2e\u8dcc\u5e45\u6642\u6703\u4e0d\u6703\u8ce3\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4f9d\u5e74\u9f61\u8207\u6295\u8cc7\u671f\u9593\u7684\u914d\u7f6e\u5c0d\u7167\uff0c\u898b<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=840\">\u8cc7\u7522\u914d\u7f6e\u662f\u4ec0\u9ebc\uff1f\u4f9d\u5e74\u9f61\u8207\u6295\u8cc7\u671f\u9593\u7684\u914d\u7f6e\u5c0d\u7167\u8868<\/a>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\"><a id=\"lump-sum\"><\/a><\/p>\n\n<h2 class=\"wp-block-heading\">\u6c7a\u5b9a\u6295\u5165\u4e4b\u5f8c\uff0c\u4e00\u6b21\u6295\u5165\u9084\u662f\u5206\u6279\uff1f<\/h2>\n\n<p class=\"wp-block-paragraph\">Vanguard 2023 \u5e74\u7684\u7814\u7a76\u300aCost averaging: Invest now or temporarily hold your cash?\u300b\u6bd4\u8f03\u4e00\u6b21\u6295\u5165\uff08lump sum\uff09\u8207\u5206\u6279\u6295\u5165\uff08dollar-cost averaging\uff09\uff0c\u4ee5\u6b77\u53f2\u8207\u6a21\u64ec\u8cc7\u6599\u6e2c\u8a66\uff0c\u4e00\u6b21\u6295\u5165\u7684\u7d50\u679c\u7d04\u6709\u4e09\u5206\u4e4b\u4e8c\u7684\u6642\u9593\u512a\u65bc\u5206\u6279\u6295\u5165<sup>[9]<\/sup>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u539f\u56e0\u5f88\u76f4\u63a5\uff0c\u5e02\u5834\u9577\u671f\u5411\u4e0a\u7684\u6642\u9593\u591a\u65bc\u5411\u4e0b\uff0c\u5206\u6279\u6295\u5165\u7b49\u65bc\u8b93\u4e00\u90e8\u5206\u8cc7\u91d1\u591a\u7559\u5728\u73fe\u91d1\u88e1\u4e00\u6bb5\u6642\u9593\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\u540c\u4e00\u4efd\u7814\u7a76\u4e5f\u6307\u51fa\uff0c\u5206\u6279\u6295\u5165\u53ef\u4ee5\u964d\u4f4e\u525b\u6295\u5165\u5c31\u9047\u5230\u5927\u8dcc\u7684\u61ca\u6094\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5c0d\u64d4\u5fc3\u8cb7\u5728\u9ad8\u9ede\u3001\u6015\u81ea\u5df1\u53d7\u4e0d\u4e86\u77ed\u671f\u8667\u640d\u7684\u4eba\uff0c\u5206\u6279\u6295\u5165\u662f\u8b93\u8cc7\u91d1\u771f\u7684\u9032\u5165\u5e02\u5834\u7684\u65b9\u6cd5\uff0c\u6bd4\u8d77\u4e00\u76f4\u7559\u5728\u73fe\u91d1\uff0c\u5206\u6279\u6295\u5165\u4ecd\u7136\u597d\u5f97\u591a\uff0c\u7562\u7adf\u4e00\u6b21\u6295\u5165\u6216\u5206\u6279\uff0c\u5dee\u8ddd\u9060\u5c0f\u65bc\u300c\u6295\u5165\u300d\u8207\u300c\u4e0d\u6295\u5165\u300d\u7684\u5dee\u8ddd\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5169\u7a2e\u65b9\u5f0f\u7684\u56de\u6e2c\u6bd4\u8f03\u8207\u8a66\u7b97\uff0c\u5728<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=8077\">\u55ae\u7b46\u6295\u8cc7 vs \u5b9a\u671f\u5b9a\u984d\u54ea\u500b\u597d\uff1f<\/a>\u3002<\/p>\n\n<p class=\"wp-block-paragraph\"><a id=\"checklist\"><\/a><\/p>\n\n<h2 class=\"wp-block-heading\">\u73fe\u91d1\u6c34\u4f4d\u6aa2\u67e5\u8868<\/h2>\n\n<p class=\"wp-block-paragraph\">\u9019\u5f35\u6aa2\u67e5\u8868\u53ef\u4ee5\u5b58\u8d77\u4f86\uff0c\u6bcf\u5e74\u6aa2\u67e5\u4e00\u6b21\uff0c\u6536\u5165\u3001\u5bb6\u5ead\u72c0\u6cc1\u6216\u5229\u7387\u6709\u8b8a\u52d5\u6642\uff0c\u518d\u7b97\u4e00\u6b21\u3002<\/p>\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>#<\/th>\n<th>\u6aa2\u67e5\u9805\u76ee<\/th>\n<th>\u600e\u9ebc\u7b97<\/th>\n<th>\u4f60\u7684\u6578\u5b57<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1<\/td>\n<td>\u6bcf\u6708\u5fc5\u8981\u652f\u51fa<\/td>\n<td>\u623f\u79df\u6216\u623f\u8cb8\u3001\u9910\u8cbb\u3001\u4fdd\u8cbb\u3001\u4ea4\u901a\u3001\u5b5d\u89aa\u8cbb<\/td>\n<td>\uff3f\uff3f\uff3f\uff3f \u5143<\/td>\n<\/tr>\n<tr>\n<td>2<\/td>\n<td>\u7dca\u6025\u9810\u5099\u91d1\u76ee\u6a19<\/td>\n<td>\u7b2c 1 \u9805 \u00d7 3\uff5e6 \u500b\u6708\uff08\u5de5\u4f5c\u8d8a\u4e0d\u7a69\u5b9a\u3001\u5bb6\u4e2d\u4f9d\u8cf4\u4eba\u53e3\u8d8a\u591a\uff0c\u53d6\u8d8a\u9ad8\uff09<\/td>\n<td>\uff3f\uff3f\uff3f\uff3f \u5143<\/td>\n<\/tr>\n<tr>\n<td>3<\/td>\n<td>\u73fe\u91d1\u8207\u985e\u73fe\u91d1\u5408\u8a08<\/td>\n<td>\u6d3b\u5b58\uff0b\u5b9a\u5b58\uff0b\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1\uff0b\u4e00\u5e74\u5167\u5230\u671f\u7684\u77ed\u671f\u7968\u5238<\/td>\n<td>\uff3f\uff3f\uff3f\uff3f \u5143<\/td>\n<\/tr>\n<tr>\n<td>4<\/td>\n<td>\u8fd1\u5e7e\u5e74\u78ba\u5b9a\u8981\u82b1\u7684\u9322<\/td>\n<td>\u8cfc\u5c4b\u982d\u671f\u6b3e\u3001\u5b78\u8cbb\u3001\u63db\u8eca\uff0c\u5404\u81ea\u6a19\u4e0a\u7528\u9322\u65e5\u671f<\/td>\n<td>\uff3f\uff3f\uff3f\uff3f \u5143<\/td>\n<\/tr>\n<tr>\n<td>5<\/td>\n<td>\u53ef\u4ee5\u9577\u671f\u6295\u8cc7\u7684\u73fe\u91d1<\/td>\n<td>\u7b2c 3 \u9805 \u2212 \u7b2c 2 \u9805 \u2212 \u7b2c 4 \u9805<\/td>\n<td>\uff3f\uff3f\uff3f\uff3f \u5143<\/td>\n<\/tr>\n<tr>\n<td>6<\/td>\n<td>\u9019\u7b46\u73fe\u91d1\u7684\u5be6\u8cea\u5831\u916c<\/td>\n<td>\u5b58\u6b3e\u5229\u7387 \u2212 \u901a\u81a8\u7387\uff082025 \u5e74\u53f0\u7063 CPI \u5e74\u589e 1.66%<sup>[8]<\/sup>\uff09<\/td>\n<td>\uff3f\uff3f\uff3f\uff3f %<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n<p class=\"wp-block-paragraph\">\u5047\u8a2d\u4e00\u500b\u5bb6\u5ead\u6bcf\u6708\u5fc5\u8981\u652f\u51fa 5 \u842c\u5143\uff0c\u7dca\u6025\u9810\u5099\u91d1\u6293 6 \u500b\u6708\uff0c\u5c31\u662f 5 \u842c \u00d7 6 \uff1d 30 \u842c\uff1b\u73fe\u91d1\u8207\u985e\u73fe\u91d1\u5408\u8a08 200 \u842c\uff0c\u5169\u5e74\u5f8c\u8981\u4ed8 50 \u842c\u982d\u671f\u6b3e\uff0c\u7b2c 5 \u9805\u5c31\u662f 200 \u842c \u2212 30 \u842c \u2212 50 \u842c \uff1d 120 \u842c\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\/9887_\u73fe\u91d1\u6c34\u4f4d\u8a66\u7b97.png\" alt=\"\u73fe\u91d1\u6c34\u4f4d\u8a66\u7b97\uff1a\u73fe\u91d1\u8207\u985e\u73fe\u91d1 200 \u842c\u5143\uff0c\u6263\u6389 6 \u500b\u6708\u7dca\u6025\u9810\u5099\u91d1 30 \u842c\u5143\u8207\u5169\u5e74\u5f8c\u982d\u671f\u6b3e 50 \u842c\u5143\uff0c\u5269\u4e0b 120 \u842c\u5143\u662f\u53ef\u4ee5\u9577\u671f\u6295\u8cc7\u7684\u73fe\u91d1\"\/><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u4f86\u6e90\uff1a\u963f\u723e\u767c\u6295\u8cc7\u7814\u7a76\u5718\u968a\u8a66\u7b97\uff08\u5047\u8a2d\u5bb6\u5ead\u6bcf\u6708\u5fc5\u8981\u652f\u51fa 5 \u842c\u5143\uff09<\/figcaption><\/figure>\n\n<p class=\"wp-block-paragraph\">\u7b2c 5 \u9805\u662f\u6b63\u6578\uff0c\u4ee3\u8868\u6709\u4e00\u7b46\u9322\u6c92\u6709\u88ab\u6307\u6d3e\u4efb\u52d9\uff1b\u7b2c 6 \u9805\u63a5\u8fd1\u96f6\u6216\u662f\u8ca0\u6578\uff0c\u4ee3\u8868\u9019\u7b46\u9322\u7684\u8cfc\u8cb7\u529b\u6b63\u5728\u7e2e\u6c34\uff0c\u5169\u9805\u540c\u6642\u6210\u7acb\uff0c\u5c31\u662f\u8a72\u8655\u7406\u7684\u6642\u5019\u3002<\/p>\n\n<p class=\"wp-block-paragraph\"><a id=\"thoughts\"><\/a><\/p>\n\n<h2 class=\"wp-block-heading\">\u6211\u7684\u60f3\u6cd5<\/h2>\n\n<p class=\"wp-block-paragraph\">\u6211\u89ba\u5f97\u6301\u6709\u73fe\u91d1\u6700\u5927\u7684\u6210\u672c\uff0c\u662f\u5b83\u770b\u4e0d\u898b\uff0c\u5c0d\u5e33\u55ae\u4e0a\u7684\u6578\u5b57\u4e00\u584a\u9322\u90fd\u6c92\u5c11\uff0c\u8cfc\u8cb7\u529b\u537b\u6bcf\u5e74\u88ab\u901a\u81a8\u9019\u80a1\u91cd\u529b\u5f80\u4e0b\u62c9\u4e00\u9ede\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u73fe\u91d1\u672c\u8eab\u6c92\u6709\u932f\uff0c\u7dca\u6025\u9810\u5099\u91d1\u548c\u8fd1\u5e7e\u5e74\u8981\u82b1\u7684\u9322\u653e\u5728\u73fe\u91d1\u6216\u985e\u73fe\u91d1\uff0c\u662f\u8b93\u4eba\u5728\u5e02\u5834\u4f4e\u9ede\u4e0d\u5fc5\u88ab\u8feb\u8ce3\u51fa\u7684\u4fdd\u96aa\uff0c\u9019\u90e8\u5206\u6211\u89ba\u5f97\u591a\u7559\u4e00\u9ede\u4e5f\u7121\u59a8\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e0d\u904e\u9577\u671f\u7528\u4e0d\u5230\u7684\u9322\u4e00\u76f4\u505c\u5728\u6d3b\u5b58\uff0c\u5c31\u50cf\u98db\u6a5f\u4e00\u76f4\u505c\u5728\u8dd1\u9053\u4e0a\uff0c\u770b\u8d77\u4f86\u6700\u5b89\u5168\uff0c\u537b\u54ea\u88e1\u4e5f\u53bb\u4e0d\u4e86\uff0c\u6cb9\u9322\uff08\u6a5f\u6703\u6210\u672c\uff09\u7167\u6a23\u5728\u71d2\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u516d\u5f35\u5716\u770b\u4e0b\u4f86\uff0c\u6211\u5370\u8c61\u6700\u6df1\u7684\u662f\u5716\u4e94\uff0c\u5229\u7387\u9ad8\u7684\u5e74\u4efd\u548c\u5229\u7387\u4f4e\u7684\u5e74\u4efd\uff0cS&amp;P 500 \u5e73\u5747\u5e74\u5831\u916c\u53ea\u5dee 1.20 \u500b\u767e\u5206\u9ede\uff0c\u6240\u4ee5\u300c\u7b49\u5229\u7387\u964d\u4e86\u518d\u8aaa\u300d\u9019\u500b\u7406\u7531\uff0c\u8aaa\u5be6\u5728\u7ad9\u4e0d\u592a\u4f4f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4e00\u6b21\u6295\u5165\u9084\u662f\u5206\u6279\uff0c\u6211\u89ba\u5f97\u53cd\u800c\u6c92\u90a3\u9ebc\u91cd\u8981\uff0c\u7562\u7adf\u771f\u6b63\u7684\u5dee\u8ddd\u5728\u6295\u5165\u548c\u4e0d\u6295\u5165\u4e4b\u9593\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u7406\u8ca1\u8aaa\u7a7f\u4e86\u662f\u4e94\u4ef6\u4e8b\uff1a\u8a2d\u5b9a<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=825\">\u8ca1\u52d9\u76ee\u6a19<\/a>\u3001\u78ba\u8a8d\u81ea\u5df1\u7684\u98a8\u96aa\u5c6c\u6027\u3001\u57f7\u884c\u8cc7\u7522\u914d\u7f6e\u3001\u9078\u64c7\u4f4e\u6210\u672c\u7684\u6295\u8cc7\u5de5\u5177\u3001\u7d00\u5f8b\u5730\u518d\u5e73\u8861\uff0c\u518d\u5e73\u8861\u5c31\u662f\u8b93\u504f\u96e2\u822a\u7dda\u7684\u6295\u8cc7\u7d44\u5408\u56de\u5230\u539f\u672c\u7684\u822a\u7dda\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u9019\u4e94\u4ef6\u4e8b\u53ef\u4ee5\u81ea\u5df1\u52d5\u624b\uff0c\u4e5f\u53ef\u4ee5\u4ea4\u7d66<a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=5080\">\u6a5f\u5668\u4eba\u7406\u8ca1<\/a>\u9019\u985e\u81ea\u52d5\u5316\u5de5\u5177\uff0c\u770b\u81ea\u5df1\u6709\u591a\u5c11\u6642\u9593\u3001\u9858\u4e0d\u9858\u610f\u76ef\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u5148\u628a\u7dca\u6025\u9810\u5099\u91d1\u548c\u8fd1\u671f\u8981\u7528\u7684\u9322\u7559\u5728\u73fe\u91d1\uff0c\u5269\u4e0b\u7684\u9577\u671f\u8cc7\u91d1\u4f9d\u76ee\u6a19\u653e\u9032\u80a1\u50b5\u7d44\u5408\uff0c\u6bcf\u4e00\u7b46\u9322\u90fd\u6709\u4efb\u52d9\uff0c\u73fe\u91d1\u4e5f\u662f\u3002<\/p>\n\n<p class=\"wp-block-paragraph\">\u4f60\u5e33\u4e0a\u90a3\u7b46\u6c92\u6709\u4efb\u52d9\u7684\u9322\uff0c\u6253\u7b97\u8b93\u5b83\u5728\u8dd1\u9053\u4e0a\u505c\u591a\u4e45\uff1f<\/p>\n\n<p class=\"wp-block-paragraph\"><a id=\"faq\"><\/a><\/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\">\u73fe\u91d1\u9084\u662f\u6295\u8cc7\u597d\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u6211\u89ba\u5f97\u8981\u770b\u9019\u7b46\u9322\u591a\u4e45\u8981\u7528\u3002\u904e\u53bb 20 \u5e74\uff082006-10\uff5e2026-09\uff09\uff0c\u53f0\u7063\u4e00\u5e74\u671f\u5b9a\u5b58\u63db\u7b97\u5e74\u5316\u7d04 1.36%\u3001\u7f8e\u570b 3 \u500b\u6708\u671f\u570b\u5eab\u5238\u7d04 1.61%\uff0c\u90fd\u4f4e\u65bc\u540c\u671f\u7f8e\u570b\u901a\u81a8 2.56%\uff1b60\/40 \u80a1\u50b5\u7d44\u5408\u5e74\u5316 8.07%\uff0c\u4e0d\u904e\u66fe\u4e0b\u8dcc 32.5%<sup>[1][2][3][4]<\/sup>\u3002\u8fd1\u671f\u8981\u7528\u7684\u9322\u653e\u73fe\u91d1\uff0c\u9577\u671f\u7528\u4e0d\u5230\u7684\u9322\u6295\u8cc7\uff0c\u5169\u8005\u4e26\u4e0d\u885d\u7a81\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u624b\u4e0a\u591a\u9918\u73fe\u91d1\u600e\u9ebc\u6295\u8cc7\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u5148\u6263\u6389 3\uff5e6 \u500b\u6708\u751f\u6d3b\u8cbb\u7684\u7dca\u6025\u9810\u5099\u91d1\uff0c\u518d\u6263\u6389\u8fd1\u5e7e\u5e74\u78ba\u5b9a\u8981\u82b1\u7684\u9322\uff0c\u5269\u4e0b\u7684\u624d\u662f\u591a\u9918\u73fe\u91d1\u3002\u9019\u7b46\u9322\u4f9d\u6295\u8cc7\u671f\u9593\u8207\u80fd\u627f\u53d7\u7684\u8dcc\u5e45\uff0c\u6c7a\u5b9a\u80a1\u7968\u8207\u50b5\u5238\u7684\u6bd4\u4f8b\uff1b\u64d4\u5fc3\u8cb7\u5728\u9ad8\u9ede\uff0c\u53ef\u4ee5\u5206\u6279\u6295\u5165\uff0c\u4e0d\u904e\u8981\u5148\u8a02\u597d\u5b8c\u6210\u6295\u5165\u7684\u6642\u9593\uff0c\u4e0d\u7136\u5206\u6279\u5f88\u5bb9\u6613\u8b8a\u6210\u4e00\u76f4\u4e0d\u6295\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u985e\u73fe\u91d1\u8cc7\u7522\u662f\u4ec0\u9ebc\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u985e\u73fe\u91d1\u8cc7\u7522\u662f\u6d41\u52d5\u6027\u9ad8\u3001\u5230\u671f\u65e5\u77ed\u3001\u50f9\u503c\u8b8a\u52d5\u98a8\u96aa\u5f88\u5c0f\u3001\u53ef\u4ee5\u5f88\u5feb\u63db\u56de\u73fe\u91d1\u7684\u8cc7\u7522\uff0c\u50cf\u5b9a\u671f\u5b58\u6b3e\u3001\u8ca8\u5e63\u5e02\u5834\u57fa\u91d1\u3001\u77ed\u671f\u570b\u5eab\u5238\uff0c\u6703\u8a08\u4e0a\u901a\u5e38\u4ee5\u4e09\u500b\u6708\u5167\u5230\u671f\u70ba\u6e96<sup>[10]<\/sup>\u3002\u5b83\u7684\u4efb\u52d9\u662f\u96a8\u6642\u62ff\u5f97\u5230\uff0c\u5831\u916c\u5927\u81f4\u8ddf\u8457\u77ed\u671f\u5229\u7387\u8d70\u3002<\/p>\n\n<h3 class=\"wp-block-heading\">\u5229\u7387\u9ad8\u7684\u6642\u5019\uff0c\u662f\u4e0d\u662f\u653e\u73fe\u91d1\u5c31\u597d\uff1f<\/h3>\n\n<p class=\"wp-block-paragraph\">\u77ed\u671f\u5229\u7387\u9ad8\u6642\uff0c\u73fe\u91d1\u7684\u6536\u76ca\u78ba\u5be6\u6bd4\u8f03\u597d\u770b\uff0c\u4e0d\u904e\u9084\u662f\u8981\u548c\u901a\u81a8\u6bd4\u3002Dimensional \u7d71\u8a08 1955\u20132025 \u5e74\uff0c\u5e74\u521d\u5229\u7387\u9ad8\u65bc\u4e2d\u4f4d\u6578\u7684\u5e74\u4efd\uff0cS&amp;P 500 \u5e73\u5747\u5e74\u5831\u916c 12.82%\uff1b\u4f4e\u65bc\u4e2d\u4f4d\u6578\u7684\u5e74\u4efd\u70ba 11.62%<sup>[6]<\/sup>\uff0c\u5169\u7d44\u53ea\u5dee 1.20 \u500b\u767e\u5206\u9ede\uff0c\u5229\u7387\u9ad8\u4f4e\u4e0d\u662f\u80a1\u5e02\u5831\u916c\u7684\u6709\u6548\u9810\u6e2c\u6307\u6a19\u3002<\/p>\n\n<h2 class=\"wp-block-heading\">\u5ef6\u4f38\u95b1\u8b80<\/h2>\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=14649\">\u7dca\u6025\u9810\u5099\u91d1\u8981\u5b58\u591a\u5c11\uff1f3\u20136 \u500b\u6708\u751f\u6d3b\u8cbb\u600e\u9ebc\u7b97\uff08\u9644\u516c\u5f0f\uff09<\/a>\uff1a\u9069\u5408\u60f3\u5148\u7b97\u51fa\u8a72\u7559\u591a\u5c11\u73fe\u91d1\u3001\u653e\u5728\u54ea\u88e1\u7684\u4eba<\/li>\n<li><a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=8077\">\u55ae\u7b46\u6295\u8cc7 vs \u5b9a\u671f\u5b9a\u984d\u54ea\u500b\u597d\uff1f<\/a>\uff1a\u9069\u5408\u5df2\u6c7a\u5b9a\u6295\u5165\u3001\u60f3\u77e5\u9053\u4e00\u6b21\u6295\u5165\u9084\u662f\u5206\u6279\u7684\u4eba<\/li>\n<li><a href=\"https:\/\/blog.roboadvisor.com.tw\/?p=840\">\u8cc7\u7522\u914d\u7f6e\u662f\u4ec0\u9ebc\uff1f\u4f9d\u5e74\u9f61\u8207\u6295\u8cc7\u671f\u9593\u7684\u914d\u7f6e\u5c0d\u7167\u8868<\/a>\uff1a\u9069\u5408\u60f3\u77e5\u9053\u9577\u671f\u8cc7\u91d1\u80a1\u7968\u8207\u50b5\u5238\u5404\u653e\u591a\u5c11\u7684\u4eba<\/li>\n<\/ul>\n\n<script type=\"application\/ld+json\">{\"@context\": \"https:\/\/schema.org\", \"@type\": \"FAQPage\", \"mainEntity\": [{\"@type\": \"Question\", \"name\": \"\u73fe\u91d1\u9084\u662f\u6295\u8cc7\u597d\uff1f\", \"acceptedAnswer\": {\"@type\": \"Answer\", \"text\": \"\u6211\u89ba\u5f97\u8981\u770b\u9019\u7b46\u9322\u591a\u4e45\u8981\u7528\u3002\u904e\u53bb 20 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\u5e74\uff0c\u5e74\u521d\u5229\u7387\u9ad8\u65bc\u4e2d\u4f4d\u6578\u7684\u5e74\u4efd\uff0cS&P 500 \u5e73\u5747\u5e74\u5831\u916c 12.82%\uff1b\u4f4e\u65bc\u4e2d\u4f4d\u6578\u7684\u5e74\u4efd\u70ba 11.62%<sup>[6]<\/sup>\uff0c\u5169\u7d44\u53ea\u5dee 1.20 \u500b\u767e\u5206\u9ede\uff0c\u5229\u7387\u9ad8\u4f4e\u4e0d\u662f\u80a1\u5e02\u5831\u916c\u7684\u6709\u6548\u9810\u6e2c\u6307\u6a19\u3002\"}}]}<\/script>\n\n\n\n<h2 class=\"wp-block-heading\">\u53c3\u8003\u6587\u737b<\/h2>\n\n<ul class=\"wp-block-list\">\n<li>[1] Morningstar. (2026). <em>Vanguard Balanced Index Fund Admiral Shares (VBIAX), Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX), Vanguard 500 Index Fund Admiral Shares (VFIAX): Monthly total returns and 20-year annualized total returns, October 2005\u2013September 2026<\/em> [Data set]. 2026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\u3002https:\/\/www.morningstar.com<\/li>\n<li>[2] Federal Reserve Bank of St. Louis. (2026). <em>3-month Treasury bill secondary market rate, discount basis (TB3MS)<\/em> [Data set]. FRED. 2026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\u3002https:\/\/fred.stlouisfed.org\/series\/TB3MS<\/li>\n<li>[3] Federal Reserve Bank of St. Louis. (2026). <em>Consumer price index for all urban consumers: All items in U.S. city average (CPIAUCSL)<\/em> [Data set]. FRED. 2026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\u3002https:\/\/fred.stlouisfed.org\/series\/CPIAUCSL<\/li>\n<li>[4] \u4e2d\u592e\u9280\u884c\uff082026\uff09\u3002<em>\u4e94\u5927\u9280\u884c\u5b58\u653e\u6b3e\u5229\u7387\u6b77\u53f2\u6708\u8cc7\u6599<\/em>\u3014\u8cc7\u6599\u96c6\u3015\u3002\u653f\u5e9c\u8cc7\u6599\u958b\u653e\u5e73\u81fa\u30022026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\u3002https:\/\/data.gov.tw\/dataset\/10359<\/li>\n<li>[5] \u81fa\u7063\u9280\u884c\uff082026\uff09\u3002<em>\u65b0\u81fa\u5e63\u5b58\uff08\u653e\uff09\u6b3e\u724c\u544a\u5229\u7387<\/em>\uff082026 \u5e74 10 \u6708 19 \u65e5\u639b\u724c\uff09\u30022026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\u3002https:\/\/rate.bot.com.tw\/twd<\/li>\n<li>[6] Dimensional Fund Advisors. (2026). <em>Opportunity cost of holding cash<\/em> [Presentation]. https:\/\/www.dimensional.com\/chmedia\/390300\/source\/download\/opportunity-cost-of-holding-cash-fixed-income.pdf<\/li>\n<li>[7] Federal Reserve Bank of St. Louis. (2026). <em>Market yield on U.S. Treasury securities at 1-month, 1-year, 10-year and 30-year constant maturity (DGS1MO, DGS1, DGS10, DGS30); Federal funds target range (DFEDTARL, DFEDTARU)<\/em> [Data set]. FRED. 2026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\u3002https:\/\/fred.stlouisfed.org\/<\/li>\n<li>[8] Focus Taiwan. (2026, January 7). <em>Taiwan&#8217;s inflation below 2% alert in 2025, lowest in 5 years<\/em>. https:\/\/focustaiwan.tw\/business\/202601070027<\/li>\n<li>[9] Vanguard. (2023). <em>Cost averaging: Invest now or temporarily hold your cash?<\/em> https:\/\/corporate.vanguard.com\/content\/dam\/corp\/research\/pdf\/cost_averaging_invest_now_or_temporarily_hold_your_cash.pdf<\/li>\n<li>[10] IFRS Foundation. (n.d.). <em>IAS 7 Statement of cash flows<\/em>. 2026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\u3002https:\/\/www.ifrs.org\/issued-standards\/list-of-standards\/ias-7-statement-of-cash-flows\/<\/li>\n<li>[11] \u4e2d\u592e\u5b58\u6b3e\u4fdd\u96aa\u516c\u53f8\uff08n.d.\uff09\u3002<em>\u5b58\u6b3e\u4fdd\u96aa\u4fdd\u969c\u7bc4\u570d\u53ca\u6700\u9ad8\u4fdd\u984d<\/em>\u30022026 \u5e74 10 \u6708 19 \u65e5\u64f7\u53d6\u3002https:\/\/www.cdic.gov.tw\/<\/li>\n<\/ul>\n\n<h2 class=\"wp-block-heading\">\u91cd\u8981\u8072\u660e<\/h2>\n\n<p class=\"wp-block-paragraph\">\u672c\u6587\u7531\u963f\u723e\u767c\u8b49\u5238\u6295\u8cc7\u9867\u554f\u80a1\u4efd\u6709\u9650\u516c\u53f8\u7de8\u88fd\uff0c\u50c5\u4f9b\u53c3\u8003\uff0c\u4e0d\u69cb\u6210\u4efb\u4f55\u91d1\u878d\u5546\u54c1\u4e4b\u8981\u7d04\u3001\u62db\u652c\u6216\u63a8\u4ecb\uff0c\u4ea6\u975e\u91dd\u5c0d\u7279\u5b9a\u6295\u8cc7\u4eba\u4e4b\u500b\u5225\u6295\u8cc7\u5efa\u8b70\uff1b\u6587\u4e2d\u63d0\u53ca\u4e4b\u57fa\u91d1\u50c5\u4f5c\u70ba\u8cc7\u7522\u985e\u5225\u6b77\u53f2\u6578\u64da\u4e4b\u4ee3\u8868\uff0c\u975e\u63a8\u85a6\u8cb7\u8ce3\u3002\u6295\u8cc7\u4eba\u61c9\u4f9d\u81ea\u8eab\u8ca1\u52d9\u72c0\u6cc1\u3001\u6295\u8cc7\u76ee\u6a19\u8207\u98a8\u96aa\u627f\u53d7\u5ea6\u5be9\u614e\u8a55\u4f30\uff0c\u4e26\u81ea\u884c\u627f\u64d4\u6295\u8cc7\u98a8\u96aa\u3002\u6587\u4e2d\u6b77\u53f2\u7d71\u8a08\u4fc2\u4ee5\u6b77\u53f2\u6307\u6578\u3001\u57fa\u91d1\u8207\u5229\u7387\u8cc7\u6599\u8a08\u7b97\uff0c\u672a\u6263\u9664\u7a05\u8ca0\u8207\u4ea4\u6613\u6210\u672c\uff0c\u4e0d\u4ee3\u8868\u4efb\u4f55\u5be6\u969b\u5e33\u6236\u7e3e\u6548\uff1b\u6aa2\u67e5\u8868\u70ba\u4e00\u822c\u6027\u8a66\u7b97\u5de5\u5177\uff0c\u975e\u5c0d\u672a\u4f86\u4e4b\u9810\u6e2c\u6216\u4fdd\u8b49\u3002\u904e\u53bb\u7e3e\u6548\u4e0d\u4ee3\u8868\u672a\u4f86\u8868\u73fe\u3002\u50b5\u5238\u6295\u8cc7\u6d89\u53ca\u5229\u7387\u3001\u4fe1\u7528\u3001\u6d41\u52d5\u6027\u8207\u532f\u7387\u98a8\u96aa\u3002\u963f\u723e\u767c\u8b49\u5238\u6295\u8cc7\u9867\u554f\u80a1\u4efd\u6709\u9650\u516c\u53f8\u3000115\u91d1\u7ba1\u6295\u9867\u65b0\u5b57\u7b2c019\u865f<\/p>","protected":false},"excerpt":{"rendered":"<p>\u73fe\u91d1\u9084\u662f\u6295\u8cc7\uff1f20 \u5e74\u6578\u64da\u6bd4\u8f03\u5b9a\u5b58\u3001\u77ed\u50b5\u8207\u80a1\u50b5\u7d44\u5408\u7684\u5831\u916c\u8207\u8dcc\u5e45\uff0c\u9644\u985e\u73fe\u91d1\u8cc7\u7522\u6bd4\u8f03\u8207\u73fe\u91d1\u6c34\u4f4d\u6aa2\u67e5\u8868\u3002<\/p>\n","protected":false},"author":3,"featured_media":17262,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_llm_markdown_disabled":false},"categories":[565],"tags":[845,846,850,842,851,849,843,844,847,848],"class_list":["post-9887","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category--etf","tag-845","tag-846","tag-850","tag-vs","tag-851","tag-849","tag-843","tag-844","tag-847","tag-848"],"jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_featured_media_url":"https:\/\/blog.roboadvisor.com.tw\/wp-content\/uploads\/2026\/10\/00-cover-62.png","_links":{"self":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/9887","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9887"}],"version-history":[{"count":6,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/9887\/revisions"}],"predecessor-version":[{"id":19235,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/posts\/9887\/revisions\/19235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=\/wp\/v2\/media\/17262"}],"wp:attachment":[{"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.roboadvisor.com.tw\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}