{"id":203,"date":"2016-09-24T22:29:37","date_gmt":"2016-09-24T15:29:37","guid":{"rendered":"http:\/\/robostock.vn\/web\/?p=203"},"modified":"2016-09-24T22:29:37","modified_gmt":"2016-09-24T15:29:37","slug":"5-dieu-can-biet-ve-dau-tu","status":"publish","type":"post","link":"https:\/\/robostock.vn\/web\/5-dieu-can-biet-ve-dau-tu\/","title":{"rendered":"5 \u0110i\u1ec1u c\u1ea7n bi\u1ebft v\u1ec1 \u0111\u1ea7u t\u01b0"},"content":{"rendered":"

\t\t\t\t#<\/span>Rbskienthuc<\/span><\/span><\/a>:<\/p>\n

John Reed \u0111\u00e3 vi\u1ebft trong cu\u1ed1n s\u00e1ch \u201cSucceeding\u201d c\u1ee7a m\u00ecnh r\u1eb1ng: Khi b\u1ea1n b\u1eaft \u0111\u1ea7u nghi\u00ean c\u1ee9u v\u1ec1 m\u1ed9t l\u0129nh v\u1ef1c n\u00e0o \u0111\u00f3, d\u01b0\u1eddng nh\u01b0 b\u1ea1n c\u1ea7n ph\u1ea3i nh\u1edb r\u1ea5t nhi\u1ec1u th\u1ee9. Nh\u01b0ng th\u1ef1c t\u1ebf kh\u00f4ng c\u1ea7n ph\u1ea3i v\u1eady. Nh\u1eefng g\u00ec b\u1ea1n c\u1ea7n l\u00e0m l\u00e0 x\u00e1c \u0111\u1ecbnh c\u00e1c nguy\u00ean t\u1eafc c\u1ed1t l\u00f5i \u2013 trong \u0111\u00f3 t\u1eeb 3 \u0111\u1ebfn 12 nguy\u00ean t\u1eafc s\u1ebd chi ph\u1ed1i l\u0129nh v\u1ef1c n\u00e0y. Nh\u01b0 v\u1eady, c\u1ea3 tri\u1ec7u th\u1ee9 b\u1ea1n c\u1ea7n ph\u1ea3i nh\u1edb ch\u1ec9 \u0111\u01a1n gi\u1ea3n l\u00e0 c\u00e1c k\u1ebft h\u1ee3p kh\u00e1c nhau c\u1ee7a nh\u1eefng nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n \u0111\u00f3.<\/p>\n

\"K\u1ebft<\/p>\n

Theo \u0111\u00f3, Morgan Housel c\u0169ng r\u00fat ra 5 nguy\u00ean t\u1eafc gi\u00fap b\u1ea1n hi\u1ec3u th\u00eam v\u1ec1 l\u0129nh v\u1ef1c \u0111\u1ea7u t\u01b0:<\/p>\n

<\/p>\n

1. L\u00e3i k\u00e9p l\u00e0 nh\u1eefng g\u00ec l\u00e0m b\u1ea1n gi\u00e0u l\u00ean. V\u00e0 n\u00f3 t\u1ed1n th\u1eddi gian.<\/strong><\/p>\n

Warren Buffet l\u00e0 m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ea7m c\u1ee1, nh\u01b0ng \u0111i\u1ec1u l\u00e0m \u00f4ng ta gi\u00e0u c\u00f3 ch\u00ednh l\u00e0 vi\u1ec7c \u00f4ng \u0111\u00e3 \u0111\u1ea7u t\u01b0 trong kho\u1ea3ng th\u1eddi gian hai ph\u1ea7n ba th\u1ebf k\u1ef7. Trong s\u1ed1 t\u00e0i s\u1ea3n hi\u1ec7n t\u1ea1i 60 t\u1ef7 USD c\u1ee7a \u00f4ng, 59.7 t\u1ef7 USD \u0111\u01b0\u1ee3c th\u00eam v\u00e0o sau sinh nh\u1eadt l\u1ea7n th\u1ee9 50, v\u00e0 57 t\u1ef7 USD \u0111\u1ebfn v\u1edbi \u00f4ng l\u00e0 sau n\u0103m \u00f4ng 60 tu\u1ed5i. N\u1ebfu Buffet b\u1eaft \u0111\u1ea7u ti\u1ebft ki\u1ec7m t\u1eeb nh\u1eefng n\u0103m 30 tu\u1ed5i, v\u00e0 v\u1ec1 h\u01b0u v\u00e0o nh\u1eefng n\u0103m 60, b\u1ea1n s\u1ebd ch\u1eb3ng bao gi\u1edd nghe n\u00f3i v\u1ec1 \u00f4ng. B\u00ed m\u1eadt c\u1ee7a \u00f4ng \u1ea5y ch\u00ednh l\u00e0 th\u1eddi gian.<\/p>\n

H\u1ea7u h\u1ebft m\u1ecdi ng\u01b0\u1eddi kh\u00f4ng b\u1eaft \u0111\u1ea7u ti\u1ebft ki\u1ec7m v\u1edbi s\u1ed1 l\u01b0\u1ee3ng l\u1edbn cho \u0111\u1ebfn khi m\u1ed9t ho\u1eb7c hai th\u1eadp k\u1ef7 tr\u01b0\u1edbc khi v\u1ec1 h\u01b0u \u2013 \u0111i\u1ec1u n\u00e0y gi\u1edbi h\u1ea1n s\u1ee9c m\u1ea1nh c\u1ee7a l\u00e3i k\u00e9p \u2013 v\u00e0 b\u1ea1n ch\u1eb3ng th\u1ec3 n\u00e0o thay \u0111\u1ed5i n\u00f3 c\u1ea3. \u0110\u00e2y ch\u00ednh l\u00e0 l\u1eddi nh\u1eafc nh\u1edf t\u1ed1t v\u1ec1 t\u1ea7m quan tr\u1ecdng c\u1ee7a n\u00f3 \u0111\u1ec3 d\u1ea1y cho gi\u1edbi tr\u1ebb ng\u00e0y nay bi\u1ebft ti\u1ebft ki\u1ec7m c\u00e0ng s\u1edbm c\u00e0ng t\u1ed1t.<\/p>\n

2. Bi\u1ebfn l\u1edbn duy nh\u1ea5t \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn l\u1ee3i nhu\u1eadn ch\u00ednh l\u00e0 \u0111\u1ecbnh gi\u00e1 \u2013 v\u00e0 b\u1ea1n ch\u1eb3ng th\u1ec3 bi\u1ebft \u0111\u01b0\u1ee3c n\u00f3 s\u1ebd nh\u01b0 th\u1ebf n\u00e0o<\/strong><\/p>\n

L\u1ee3i nhu\u1eadn th\u1ecb tr\u01b0\u1eddng t\u01b0\u01a1ng lai s\u1ebd b\u1eb1ng t\u1ef7 su\u1ea5t c\u1ed5 t\u1ee9c + t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng thu nh\u1eadp +\/- s\u1ef1 thay \u0111\u1ed5i trong h\u1ec7 s\u1ed1 gi\u00e1\/thu nh\u1eadp (\u0111\u1ecbnh gi\u00e1).<\/p>\n

Ch\u00fang ta \u0111\u1ec1u bi\u1ebft, t\u1ef7 su\u1ea5t c\u1ed5 t\u1ee9c hi\u1ec7n t\u1ea1i kho\u1ea3ng 2%, v\u00e0 m\u1ed9t d\u1ef1 \u0111o\u00e1n h\u1ee3p l\u00fd cho t\u1ed1c \u0111\u1ed9 t\u0103ng tr\u01b0\u1edfng thu nh\u1eadp trong t\u01b0\u01a1ng lai v\u00e0o kho\u1ea3ng 5% m\u1ed7i n\u0103m. V\u1eady s\u1ef1 thay \u0111\u1ed5i trong t\u1ef7 s\u1ed1 gi\u00e1\/thu nh\u1eadp th\u00ec sao? \u0110i\u1ec1u n\u00e0y kh\u00f4ng th\u1ec3 bi\u1ebft tr\u01b0\u1edbc \u0111\u01b0\u1ee3c.<\/p>\n

H\u1ec7 s\u1ed1 gi\u00e1\/thu nh\u1eadp (t\u1ef7 s\u1ed1 P\/E) ph\u1ea3n \u00e1nh th\u00e1i \u0111\u1ed9 c\u1ee7a m\u1ecdi ng\u01b0\u1eddi v\u1ec1 t\u01b0\u01a1ng lai. V\u00e0 ch\u1eb3ng c\u00f3 c\u00e1ch n\u00e0o c\u00f3 th\u1ec3 bi\u1ebft \u0111\u01b0\u1ee3c h\u1ecd \u0111ang v\u00e0 s\u1ebd ngh\u0129 g\u00ec v\u1ec1 t\u01b0\u01a1ng lai trong t\u01b0\u01a1ng lai. N\u1ebfu m\u1ed9t v\u00e0i ng\u01b0\u1eddi n\u00f3i \u201cT\u00f4i cho r\u1eb1ng h\u1ea7u h\u1ebft m\u1ecdi ng\u01b0\u1eddi s\u1ebd c\u00f3 t\u00e2m tr\u1ea1ng t\u1ed1t h\u01a1n kho\u1ea3ng 10% trong n\u0103m 2023\u201d, ch\u00fang ta s\u1ebd n\u00f3i h\u1ecd \u1ea3o t\u01b0\u1edfng. Nh\u01b0ng m\u1ed9t v\u00e0i ng\u01b0\u1eddi l\u00e0m \u0111i\u1ec1u t\u01b0\u01a1ng t\u1ef1 b\u1eb1ng c\u00e1ch l\u1eadp k\u1ebf ho\u1ea1ch l\u1ee3i nhu\u1eadn th\u1ecb tr\u01b0\u1eddng trong 10 n\u0103m, ch\u00fang ta g\u1ecdi h\u1ecd l\u00e0 nh\u1eefng nh\u00e0 ph\u00e2n t\u00edch.<\/p>\n

3. \u0110\u01a1n gi\u1ea3n th\u00ec th\u01b0\u1eddng t\u1ed1t h\u01a1n th\u00f4ng minh<\/strong><\/p>\n

V\u00e0i ng\u01b0\u1eddi mua m\u1ed9t qu\u1ef9 ch\u1ec9 s\u1ed1 S&P 500 gi\u00e1 r\u1ebb trong n\u0103m 2003 v\u00e0 ki\u1ebfm \u0111\u01b0\u1ee3c l\u1ee3i nhu\u1eadn 97% cu\u1ed1i n\u0103m 2012. \u0110i\u1ec1u n\u00e0y th\u1eadt tuy\u1ec7t, v\u00e0 h\u1ecd kh\u00f4ng c\u1ea7n ph\u1ea3i bi\u1ebft m\u1ed9t t\u00ed g\u00ec v\u1ec1 qu\u1ea3n tr\u1ecb danh m\u1ee5c, hay ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt ho\u1eb7c \u0111\u01b0\u1ee3c t\u01b0 v\u1ea5n.<\/p>\n

Trong khi \u0111\u00f3, trung b\u00ecnh c\u00e1c qu\u1ef9 ph\u00f2ng ng\u1eeba tr\u00ean th\u1ecb tr\u01b0\u1eddng v\u1ed1n tr\u00ean m\u1ee9c trung b\u00ecnh m\u1ea5t kho\u1ea3ng 4,7% gi\u00e1 tr\u1ecb c\u1ee7a n\u00f3 trong kho\u1ea3ng th\u1eddi gian t\u01b0\u01a1ng \u0111\u01b0\u01a1ng, theo d\u1eef li\u1ec7u t\u1eeb Qu\u1ef9 Ph\u00f2ng Ng\u1eeba Ch\u1ec9 s\u1ed1 Dow Jones c\u1ee7a ng\u00e2n h\u00e0ng Credit Suisse. Trung b\u00ecnh c\u00e1c qu\u1ef9 ph\u00f2ng ng\u1eeba \u1edf v\u1ecb th\u1ebf mua\/ b\u00e1n c\u1ed5 phi\u1ebfu sinh l\u1eddi kho\u1ea3ng 96% t\u1ed5ng l\u1ee3i nhu\u1eadn \u2013 m\u1eb7c d\u00f9 v\u1eabn \u00edt h\u01a1n so v\u1edbi qu\u1ef9 ch\u1ec9 s\u1ed1.<\/p>\n

\u0110\u1ea7u t\u01b0 kh\u00f4ng gi\u1ed1ng nh\u01b0 m\u1ed9t c\u00e1i m\u00e1y t\u00ednh: \u0110\u01a1n gi\u1ea3n v\u00e0 c\u01a1 b\u1ea3n c\u00f3 th\u1ec3 c\u00f2n quy\u1ec1n n\u0103ng h\u01a1n ph\u1ee9c t\u1ea1p v\u00e0 ti\u00ean ti\u1ebfn. V\u00e0 n\u00f3 kh\u00f4ng gi\u1ed1ng nh\u01b0 ch\u01a1i g\u00f4n: Ng\u01b0\u1eddi quan s\u00e1t c\u00f3 c\u01a1 h\u1ed9i t\u1ed1t \u0111\u1ec3 \u0111\u00e1nh gi\u00e1 th\u1ea5p thu\u1eadn l\u1ee3i.<\/p>\n

4. T\u1ef7 l\u1ec7 c\u01b0\u1ee3c c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n tr\u1ea3i qua bi\u1ebfn \u0111\u1ed9ng m\u1ea1nh l\u00e0 100%<\/strong><\/p>\n

H\u1ea7u h\u1ebft c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1ec1u hi\u1ec3u r\u1eb1ng ch\u1ee9ng kho\u00e1n s\u1ebd cho l\u1ee3i nhu\u1eadn d\u00e0i h\u1ea1n cao h\u01a1n, nh\u01b0ng chi ph\u00ed cho bi\u1ebfn \u0111\u1ed9ng c\u0169ng cao h\u01a1n.<\/p>\n

Tuy nhi\u00ean, m\u1ed7i l\u1ea7n d\u1ea5u hi\u1ec7u bi\u1ebfn \u0111\u1ed9ng xu\u1ea5t hi\u1ec7n, c\u00e2u n\u00f3i ch\u00fang ta th\u01b0\u1eddng nghe t\u1eeb c\u1ed9ng \u0111\u1ed3ng c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 l\u00e0: \u201c\u0110i\u1ec1u g\u00ec \u0111ang x\u1ea3y ra?!\u201d. Th\u00fa v\u1ecb h\u01a1n, ch\u00edn tr\u00ean m\u01b0\u1eddi l\u1ea7n, c\u00e2u tr\u1ea3 l\u1eddi \u0111\u00fang nh\u1ea5t lu\u00f4n l\u00e0: Ch\u1eb3ng c\u00f3 g\u00ec c\u1ea3. \u0110\u00e2y ch\u1ec9 l\u00e0 \u0111i\u1ec1u m\u00e0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n l\u00e0m.<\/p>\n

T\u1eeb n\u0103m 1990, ch\u1ec9 s\u1ed1 S&P 500 duy tr\u00ec m\u1ee9c 6% m\u1ed9t n\u0103m, nh\u01b0ng s\u1ef1 kh\u00e1c bi\u1ec7t trung b\u00ecnh gi\u1eefa gi\u00e1 \u0111\u00f3ng c\u1eeda cao nh\u1ea5t v\u00e0 th\u1ea5p nh\u1ea5t trong b\u1ea5t k\u1ef3 n\u0103m n\u00e0o l\u00e0 23%. H\u00e3y nh\u1edb r\u1eb1ng, n\u1ebfu trong th\u1eddi gian t\u1edbi ai \u0111\u00f3 c\u1ed1 g\u1eafng gi\u1ea3i th\u00edch l\u00fd do t\u1ea1i sao th\u1ecb tr\u01b0\u1eddng t\u0103ng ho\u1eb7c gi\u1ea3m m\u1ed9t v\u00e0i \u0111i\u1ec3m ph\u1ea7n tr\u0103m \u2013 v\u1ec1 c\u01a1 b\u1ea3n c\u0169ng gi\u1ed1ng nh\u01b0 gi\u1ea3i th\u00edch t\u1ea1i sao m\u00f9a h\u00e8 \u0111\u1ebfn sau m\u00f9a xu\u00e2n v\u1eady.<\/p>\n

M\u1ed9t s\u1ed1 ng\u01b0\u1eddi t\u1eebng h\u1ecfi J.P. Morgan r\u1eb1ng th\u1ecb tr\u01b0\u1eddng s\u1ebd l\u00e0m g\u00ec. \u201cN\u00f3 s\u1ebd dao \u0111\u1ed9ng\u201d, nghe n\u00f3i \u00f4ng ta n\u00f3i th\u1ebf. Nh\u1eefng t\u1eeb ng\u1eef \u0111\u00fang h\u01a1n s\u1ebd ch\u1eb3ng bao gi\u1edd \u0111\u01b0\u1ee3c n\u00f3i ra.<\/p>\n

5. Ng\u00e0nh c\u00f4ng nghi\u1ec7p s\u1ebd b\u1ecb th\u1ed1ng tr\u1ecb b\u1edfi ng\u01b0\u1eddi l\u1eadp d\u1ecb, k\u1ebb b\u1ea5t t\u00e0i v\u00e0 nh\u00e2n vi\u00ean kinh doanh<\/strong><\/p>\n

Ph\u1ea7n l\u1edbn c\u00e1c s\u1ea3n ph\u1ea9m t\u00e0i ch\u00ednh \u0111\u01b0\u1ee3c b\u00e1n b\u1edfi nh\u1eefng ng\u01b0\u1eddi ch\u1ec9 quan t\u00e2m \u0111\u1ebfn t\u00e0i s\u1ea3n c\u1ee7a b\u1ea1n \u2013 kho\u1ea3n ph\u00ed m\u00e0 h\u1ecd c\u00f3 th\u1ec3 ki\u1ebfm \u0111\u01b0\u1ee3c t\u1eeb b\u1ea1n.
\nB\u1ea1n kh\u00f4ng c\u1ea7n kinh nghi\u1ec7m, th\u00f4ng tin ho\u1eb7c th\u1eadm ch\u00ed c\u00e1c ki\u1ebfn th\u1ee9c th\u00f4ng th\u01b0\u1eddng \u0111\u1ec3 tr\u1edf th\u00e0nh m\u1ed9t chuy\u00ean gia t\u00e0i ch\u00ednh. Bu\u1ed3n thay, chuy\u00ean gia c\u00e0ng \u1ed3n \u00e0o v\u00e0 khoa tr\u01b0\u01a1ng, anh ta c\u00e0ng thu h\u00fat nhi\u1ec1u s\u1ef1 ch\u00fa \u00fd h\u01a1n, ngay c\u1ea3 khi n\u00f3 l\u00e0m anh ta d\u1ec5 sai h\u01a1n.<\/p>\n

\u0110\u00e2y c\u00f3 l\u1ebd l\u00e0 l\u00fd thuy\u1ebft quan tr\u1ecdng nh\u1ea5t v\u1ec1 t\u00e0i ch\u00ednh. Tr\u01b0\u1edbc khi b\u1ea1n hi\u1ec3u r\u00f5 n\u00f3, b\u1ea1n v\u1eabn c\u00f3 th\u1ec3 b\u1ecb l\u1eeba \u1edf b\u1ea5t c\u1ee9 \u0111\u00e2u.<\/p>\n

\u201cM\u1ecdi th\u1ee9 kh\u00e1c \u0111\u1ec1u l\u00e0 kem pho m\u00e1t\u201d<\/strong><\/em>\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"

#Rbskienthuc: John Reed \u0111\u00e3 vi\u1ebft trong cu\u1ed1n s\u00e1ch \u201cSucceeding\u201d c\u1ee7a m\u00ecnh r\u1eb1ng: Khi b\u1ea1n b\u1eaft \u0111\u1ea7u nghi\u00ean c\u1ee9u v\u1ec1 m\u1ed9t l\u0129nh v\u1ef1c n\u00e0o \u0111\u00f3, d\u01b0\u1eddng nh\u01b0 b\u1ea1n c\u1ea7n ph\u1ea3i nh\u1edb r\u1ea5t nhi\u1ec1u th\u1ee9. Nh\u01b0ng th\u1ef1c t\u1ebf kh\u00f4ng c\u1ea7n ph\u1ea3i v\u1eady. Nh\u1eefng g\u00ec b\u1ea1n c\u1ea7n l\u00e0m l\u00e0 x\u00e1c \u0111\u1ecbnh c\u00e1c nguy\u00ean t\u1eafc c\u1ed1t l\u00f5i \u2013 trong … Continue reading “5 \u0110i\u1ec1u c\u1ea7n bi\u1ebft v\u1ec1 \u0111\u1ea7u t\u01b0”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-203","post","type-post","status-publish","format-standard","hentry","category-dau-tu"],"_links":{"self":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/posts\/203","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/comments?post=203"}],"version-history":[{"count":0,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/posts\/203\/revisions"}],"wp:attachment":[{"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/media?parent=203"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/categories?post=203"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/robostock.vn\/web\/wp-json\/wp\/v2\/tags?post=203"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}