Mari yekudyara ndeimwe yezvishandiso zvakasarudzika kune vazhinji vashoma nepakati varimi. Seimwe nzira chaiyo kune yakaderera purofiti inounzwa nemabhengi zvigadzirwa uye izvo zviri mukati mashoma masosi kubvira makore mazhinji. Mupfungwa iyi, zvakaringana kurangarira kuti hombe zvigadzirwa zvebhengi (yakatarwa-nguva dhipoziti, zvisungo kana maakaundi ane mari yepamusoro) haidarike nhanho dzakatenderedza 0,5%. Nekuda kwemutengo unodhura wemari uye izvo zvakatungamira kubhenefiti yayo kuve pane yakaderera nhoroondo kune akati wandei makore ikozvino.
Asi chero zvakadaro, sarudzo dzinogara dzakanangiswa kumari inoshanduka uye yakatarwa yemari yekudyara. Ivo vanozivikanwa zvakanyanya uye kupi iyo kuyerera kwemari revashandisi, kukuvadza vamwe vese. Asi zvinofanirwa kuyeukwa kuti kune hupenyu hunopfuura aya mamodheru ekudyara mukati memari dzacho. Kuti iwe uzvizarurire iwe kune mikana mitsva yebhizinesi, tiri kuzokufumura kune rimwe kirasi remari yekudyara iwe yaunogona kunyorera kubva zvino zvichienda mberi. Hazvishamisi kuti ivo vanogona kukubatsira iwe kuti ubude mumatambudziko anodarika rimwe mumwedzi iri kuuya.
Mazhinji emari idzi dzekudyidzana ndedzechivanhu chaizvo, asi vamwe ndizvozvo vachakushamisa nekutanga kwavo uye kunyangwe yemidziyo yezvemari iyo yavanosanganisira muhomwe yavo yekudyara. Nekuti izvo zvazviri ndezvekuti iwe unogona kuita inobatsira kubva pane pamusoro pekudzoka izvo zvinogadzirwa nemabhangi zvigadzirwa. Chero zvazvingaitika, pane chinhu chimwe chete chaunofanirwa kunge uchijekesa kubva zvino zvichienda uye ndezvekuti zvigadzirwa zvekuchengetedza hazvikuvimbise chero kudzoka kwakamisikidzwa Kana zvisiri, pane kudaro, zvinoenderana nekushanduka kwemisika yemari.
Kugoverwa nemari yemari
Nezve yako investfolio portfolio, zvinofanirwa kucherechedzwa kuti iyo nhaka nemapoka yeICI pasi rese pakupera kwa2018 inoparadzirwa seinotevera: maakaundi anowaniswa emari ye45,4%, mari yakatarwa 20,5%, yakavhenganiswa 12,5%, mari 11,9, 1,6%, real estate 8,0% uye yasara 4,4%. Iyo midziyo yakasimwa muTFs pasirese yakawedzera zvakare uye yakamira pa2018 trillion euros munaGunyana 3,87 kubva pa80 muna Zvita wegore rapfuura. Pakati peizvi, 16% imari inoshanduka uye XNUMX% yakagadziriswa mari.
Nezve iyo net kunyorera Kusvikira 2018 ivo vari mamirioni e791.308 (153.401 mamirioni euros mukota yechitatu), pazasi pe1,81 bhiriyoni euros panguva imwecheteyo ya2017.Pamabhadharo emambure muCIS akaunganidzwa kusvika Nyamavhuvhu 2018, 36,7, 276.477% anoenderana neEuropean IICs. Nenyika, zvakakosha kujekesa iyo 34,9 miriyoni mambure ekumutsira mari yeUCITS muUnited States (XNUMX% yeiyo yepasi rose yegore), yakanyanya kutarisana neFixed Income uye Equity UCITS
Mari yekudyara: mari
Iyi ndeimwe yemamodheru mamodheru par kugona kwenzvimbo yekudyara, kunyangwe paine dambudziko rekuti purofiti yayo kusvika zvino iri shoma. Nemipendero yekupindirana yevashoma chete mashoma gumi pagumi muzana mune yakanakisa kesi. Izvi zvinoreva mari yekudyara inoenderana neiyo euro, chinova chigadzirwa chakadzikama uye chiri kure nekufamba kwekusadzikama uye pamwe kunyangwe nekusagadzikana sezvakajairika mu equity mari yekudyara.
Iko kusagadzikana kuripo mumisika yemari mumwedzi ichangopfuura kwave zvakare kwakakanganisa zvakashata pane shanduko yeiyo kuenzana kwemari yekudyara mumwedzi waNovember. Nekudaro, huwandu hwehupfumi hwechengetedzo mari yekudyara yakanyoreswa kudzikira kwemamirioni emamiriyoni e1.382 munaNovember, yakamira pamamiriyoni mazana maviri nemakumi mana nemakumi mana emamiriyoni, 265.140% yakaderera pane muna Gumiguru. Muna 0,5 izere uye kunyangwe paine kusashanda zvakanaka kwemisika mu2018, iyo midziyo yemari yekudyara yakasangana nekukura kwemamiriyoni e2018 emamiriyoni, 2.017% kupfuura pakupera kwa0,8.
Mari dzinovimbiswa
Mukati meiyi kirasi yezvigadzirwa inoitirwa kudyara kwakasarudzika Izvo hazvigone kukanganikwa kuti mari yakavimbiswa inoita basa rakakosha mukutsvaga nevashambadzi vadiki nepakati. Nechikonzero chiri nyore kwazvo uye izvo ndezvekuti ivo chete ndivo vanovimbisa yakatarwa mashandiro gore rega. Kune rimwe divi, hazvigone kukanganwika kuti mari yakavimbiswa yakatungamira chinzvimbo cheyeti kunyoreswa kwemwedzi waMbudzi nemamiriyoni makumi maviri nemaviri emamiriyoni euros uye yakawana 252 mamirioni euros mugore.
Iri kirasi remari yekudyara rinopa chengetedzo huru kune vashoma nevepakati varimi, pakati pezvimwe zvikonzero nekuti iyo kuchengetedza mari yakachengetwa pamusoro pezvimwe kufunga. Semuenzaniso, kuwedzera kwekuita purofiti mukirasi yechigadzirwa ine fungidziro huru pakati pevashandisi munyika medu. Chero zvazvingaitika, zvinofanirwawo kutarisirwa kubva zvino zvichienda mberi kuti iri boka remari yekudyara rakanyatso kuzivikanwa nekusagadzikana kwavo kushoma.
Zvemagariro zvine chekuita nemari
Ivo ndevamwe veakakura asingazivikanwe nevashambadziri apo pavanogona kuve vanobatsira zvakafanana nevamwe vese. Asi nemusiyano wakakura uye izvo ndezvekuti iyi chaiyo atypical modhi inoenderana nenyaya yekuti zvimwe zvimiro zvinosarudzwa kuita iro portfolio rakafanana. Ndokunge, zvichienderana ne maitiro ezvakatipoteredza, hutongi hwemagariro pamwe nekambani, pakati pedzimwe nzira dzekutsvaga modhi yekudyara. Mupiro mukuru weiyi kirasi yezvigadzirwa ndeyekuti ivo vanobvumidza vatori vechikamu kuti vafambirane nenzira yavo yekufunga kana kungonzwisisa hupenyu.
Kune rimwe divi, izvo zvinonzi zvemagariro zvine chekuita nemari zviri kutengeswa kazhinji pakati pemaneja emari. Mumwe wemienzaniso iyi unomiririrwa neBBVA Sustainable fund yakanangana nevatengesi kubva inochengetedza chimiro, inotarisirwa nematanho eSRI ayo anopedzisa huwandu hwemari yemagariro inoitirwa. Imwe sarudzo ndeye Sustainable future, inova mari yepasi rose yekugovana mari inoisa mari muzvikwereti zveveruzhinji, chikwereti uye zviyero zvinoshandisa nzira dzeESG kubva kuhurumende nemakambani.
Kubva pane kusagadzikana
Zvinozivikanwa kune vese kuti gore rapfuura harina kunyatsonaka kune chikamu chemari yekudyara, icho chakazopera chisina kunaka. Mune ese maitiro, zvese zviri musiyano uye zvakagadziriswa mari kana kunyangwe kubva kune dzimwe nzira dzekudyara. Dai gore rino raive rakafanana, mhinduro yaigona kubva kune imwe yemari yekudyara isingazivikanwe nevashambadzi vadiki nepakati, senge iwo akavakirwa mukusagadzikana. Kusvika padanho rekuti vangave vari zvinobatsira mukati meiyo yazvino nguva yekubatana.
Mupfungwa iyi, sekureba sekuti misika yequity inoratidza kukurisa kusagadzikana, idzi dzakakosha mari yekudyara ichaita zvirinani Chikamu chidiki chemari yedu inowanikwa chinogona kushandiswa kuvhura zvinzvimbo mune izvi mari yemari yakakosha uye edza kunatsiridza chirevo chemari kubva ikozvino. Kunyangwe chiri chokwadi zvakare kuti mashandiro avo ane njodzi huru uye kuti hapazove nesarudzo kunze kwekuzvidzora kuburikidza nekutarisa nenguva kwenzvimbo dzavo. Kunyangwe paine chikonzero chekuchinjisa kune imwe modality mukati memari yekudyara.
Real estate mari
Inogona kunge iri nguva yekudyara muzvidhinha zvakare uye uwane mari inowanikwa kuburikidza nemhando idzi dzekushanda mumisika yemari. Hazvishamisi kuti mashandiro aya dzakura ne13% mugore rapfuura, kunyangwe paine mutsauko mushoma kubva zvino zvichienda mberi. Mupfungwa iyi, zvidzidzo zvakasiyana nemishumo kubva muchikamu zvinoratidza kuti mu2019 mitengo yemba ichakwira, ichibva kubva ku1.650 euros pa square mita iyo parizvino iri kutengeswa kusvika kungangoita 1.800 euros pa square mita.
Chero zvazvingaitika, zvinoita sekunge kutsauka kwakanyanya pane kwakagadzirwa mumakore apfuura. Zvino chinofanirwa kuongororwa ndechekuti chiitiko ichi chichaunza shanduko mukutenga nekutengesa dzimba. Mupfungwa iyi, kune huwandu hwakanaka hwemari yekudyara iyo yakasarudzika mune ino yakakosha chikamu cheSpanish hupfumi. Kunyangwe vaine makomisheni akasimba kupfuura mamwe emhando dzekudyara.
Kune rimwe divi, zvinokwanisika kusanganisa zano iri nemamwe mafaera emari, zvese kubva kuemaiti uye mari yakatarwa. Senzira yekusiyanisa hupfumi mune chiitiko chekuti kusagadzikana kunogadzwa zvachose mumisika yezvemari. Neiyi nzira, hapana mubvunzo kuti iwe unenge uchinge uchichengetedza chako chengeto nenzira chaiyo uye inoshanda. Kunze kwekumwe kufunga kwehunyanzvi uye pamwe zvakare kubva pakuona kwezvakakosha. Chero zvazvingaitika, ichave iri imwe yemamodeli emari yekudyara ayo achafanirwa kutariswa mugore rino ayo anounzwa nekusahadzika kwakawanda.
Mupfungwa iyi, zvidzidzo zvakasiyana nemishumo kubva muchikamu zvinoratidza kuti mu2019 mitengo yemba ichakwira, ichibva kubva ku1.650 euros pa square mita iyo parizvino iri kutengeswa kusvika kungangoita 1.800 euros pa square mita.