Emva kwe-hiatus ngo-Agasti, iimarike zibuyise ngo-Septemba imeko elungileyo yeenyanga ezidlulileyo, ivumela imali yotyalo-mali ukuba inyuse iiasethi zayo ziye kwi-270.153 yezigidi zeerandi, ezimele ukwanda ngoSeptemba phantse i-1.500 yezigidi zeerandi (0,6% ngaphezulu kwenyanga ephelileyo), ngokweedatha zamva nje zoMbutho wamaZiko okuTyala aManyeneyo kunye neNgxowa-mali yomhlala-phantsi (Inverco). Apho kubonisiwe ukuba kwiinyanga ezilithoba zokuqala zika-2019, iimali zotyalo-mali ziqokelele ukukhula kwe-4,9% (12.638 yezigidi ngaphezulu kweyoMnga ngo-2018).
Lixesha elifanelekileyo ke lokuba abatyali zimali baqwalasele indlela yokwenza uhlengahlengiso nolungelelwaniso lwengxowa-mali yotyalo-mali apho kuthathelwa ingqalelo ubunyani bezoqoqosho ngalo mzuzu. Ngamanye amagama, ukudodobala kwezoqoqosho, inzala kumanqanaba amabi kunye ukuphuma kwe-Great Britain kwi-European Union kwaye yaziwa ngokuba yiBrexit. Ewe, zizinto ezintsha eziya kuthi zichonge ukuba sikhetha iimali ezifanelekileyo ngakumbi kunezinye.
Injongo yesi sicwangciso sotyalo-mali asiyonto yimbi ngaphandle kokukwazi ukugcina inzuzo ngamaxesha athile anzima kwimidla yabatyali mali abancinci nabaphakathi. Phi ukhuseleko kufuneka luze kuqala ngaphezulu kolunye uthotho lovavanyo olunobundlongondlongo ekufuneka lususwe ukusukela ngoku ukuthintela iimeko ezingafunekiyo. Kule meko, zininzi iindlela zokudibanisa ezinokuthi zenziwe ngemali yotyalo-mali. Kodwa kuyo nayiphi na imeko, siza kunika ezona zimvo zibalaseleyo ukuze sikwazi ukufikelela kwimbuyekezo enomdla ngakumbi kulondolozo.
Iipotfoliyo zeNgxowa-mali
Ii-asethi ze-equity azinakubakho xa kulungiselelwa ipotfoliyo elandelayo yotyalo-mali. Kodwa kuzo zonke iimeko ukukhetha kakhulu kukhetho lwabo kwaye iya kuba sisitshixo esinokuthi sibe nenzuzo encinci ukusukela ngoku. Ngale ndlela, ii-equities ziyinxalenye yeemali ezinokusinika eyona nzuzo, nangona zichaza umngcipheko othile ekusebenzeni. Inkqubo yesicwangciso-qhinga sethu sotyalo-mali kufuneka ijolise ekunikezelweni kwekhontrakthi iimali ezahlukileyo isithembiso sokutshintshiselana ngesitokhwe sesizwe kunye nesamazwe aphesheya njengefomula yokugcina imali esiyityalileyo.
Ngale ndlela, esinye sezona zindululo zibalaseleyo ngalo mzuzu senziwe yipotifoliyo elungeleleneyo apho Iingxowa zaseMelika nezaseYurophu ngokufanelekileyo. Ngaphandle kobukho beemarike ezihlumayo, ezithi, nangona zinokukhula okukhulu, ziimarike zemali ezinokuthi zihlupheke kakhulu kwimeko enje njengaleyo ivelayo ukusukela ngoku. Ukuze ngale ndlela, umngcipheko unokupheliswa kwiimarike ze-equity, kwezinye iimeko ngokucacileyo kungafuneki.
Ngamaxabiso okuzikhusela
Elinye icebo lotyalo-mali ekufuneka siljongile linxulumene nezokhuseleko ezenza ezi portfoliyo. Kuya kubaluleke kakhulu ukuba zivela kumacandelo okuzikhusela ezinokuthi zisebenze ngcono kwezona meko zibi kwiimalike zemali ezilinganayo. Umzekelo, ezo zivela kumbane, iimpahla zabathengi, oohola bendlela kwaye kwezinye iimeko iinkampani zokuhambisa. Alithandabuzeki elokuba olu qulunqo luya kuyinciphisa ngokubonakalayo imingcipheko abanokuthi babe nayo abatyali zimali abancinci nabaphakathi. Ukuze inzala esinayo ekupheleni konyaka ibe phezulu xa kuthelekiswa nezinye iimodeli zotyalo mali kwingxowa mali.
Olunye uluvo olunomdla kakhulu kubatyali zimali zentengiso kukuba ukhethe imali ethathela ingqalelo Ulwabiwo lwesahlulo ziinkampani ezidwelisiweyo. Iya kuba sesinye isiqinisekiso sokuphepha ngaphezulu kweemeko ezinzima kwiinyanga okanye kunyaka ozayo. Akumangalisi ukuba isimilo sayo singangcono kunamanye amaxabiso esitokhwe kwaye ngenxa yoko asinakho ukusala esi sicelo esinokusinika izibonelelo ngakumbi ukusukela ngoku. Ukufikelela kwinqanaba apho kukho imali yotyalo-mali esekwe ngokukodwa kolu phawu lwezokhuseleko. Zombini kwicandelo leemarike zokulingana kuzwelonke nangaphandle kwemida yethu.
Unonophele ngakumbi ngengeniso esisigxina
Ngaphandle kolunye utyalo mali oluncinci kunye noluphakathi olunokukholelwa ngalo mzuzu, utyalomali kwingeniso esisigxina ayikhuselekanga konke konke. Ukuba akunjalo, ngokuchaseneyo, nakwimeko yangoku, inokuqhubeka imeko yethu ngokubhekisele kwilizwe elinzima lemali. Ngomngcipheko ongaphezulu kobo bengeniso, into engakhange yenzeke ngamanye amaxesha, kodwa ngoku nasebusweni ukwanda kwetyala Inokusinika into engalunganga engalunganga nangaliphi na ixesha. Asizukukhetha ngaphandle kokusebenza kakhulu ngale asethi yezemali ngaphakathi kwengxowa mali.
Ukuthintela iimeko ezingafunekiyo kubatyali mali, esona siphakamiso silungileyo kukukhetha iiasethi ezinokuthenjwa ezinokuba yindawo yokuzimela kwezi meko. Enye yezona zinto zicetyiswayo ziibhondi zaseMelika, ezinokuthi zibe zezona zizinzileyo kolu luvo lutsha lwezoqoqosho olusilindeleyo ukusukela ngoku. Apho unokuvelisa khona imbuyekezo yonyaka ye-2% okanye ye-3%. Ngayiphi na imeko, kufanele ukuba ibandakanywe kwipotfoliyo elandelayo yotyalo-mali esiza kuyiphucula kwiinyanga ezizayo. Njengeebhondi zaseJamani, nangona zincinci, njengoko benokuyichasa ngcono le meko yezoqoqosho ngamathemba okungcono okukhula.
Enye into yeasethi
Abatyalomali abanolunya ngakumbi banokubandakanya ezinye iimali ezinokuthi zenze ngcono kunentengiso iphela. Ngokukodwa, kwezi zisekwe kwizinto ezithile ezinje nge ioyile, igolide, isilivere okanye irhasi. Nangona kuyinyani kakhulu ukuba umngcipheko wayo uphezulu kakhulu kunezinye iiasethi zemali. Kodwa ngoncedo lokuba ezinye zazo zibhaptiziwe kwindlela ethe kratya yokunyuka, njengakwimeko ethile yesinyithi esimthubi. Kwelinye icala, ikwasebenza njengexabiso elikhuselekileyo kwezona meko zibuthathaka kwiimarike zezabelo.
Ngelixa kwelinye icala, kunokuba yinto enomdla kakhulu ekuphuculeni ulungelelwaniso lwangaphakathi lweemali zotyalo mali. Njengesitshixo sokuchaza ifayile ye- indlela yokuziphatha engcono ezinye zeepotfoliyo zotyalo-mali ngaphezulu kwezinye kwaye emva kwako konke kufuneka ibe yenye yeenjongo zethu eziphambili kule minyaka izayo. Kufuneka kuqatshelwe ukuba ezinye ii-asethi eziyimali zibonakaliswa kukungazinzi okuphezulu kwaye oku kunokwenza ukuba kube nzima kuthi ukutyala imali kwelona xesha lifutshane lokusisigxina.
Izikhwama ezisikiweyo ezikhuselayo
Kodwa kuyo nayiphi na imeko, inokuba sisisombululo esihle sokuzama ukuba amandla ethu okuthenga awanciphisi kwiinyanga ezizayo ngenxa ukungazinzi kwiimarike zamasheya zamanye amazwe. Kodwa soze kwipotfoliyo apho abatyali mali abancinci nabaphakathi abancinci bokukhusela okanye ukuzikhusela baya kuphuhlisa. Phakathi kwezinye izizathu kuba inokudala ngaphezulu kwesinye ingxaki kwiinyanga ezizayo ngenxa yokuhla kwamaxabiso. Into abangaze bayenze kukuxhomekeka kwisicwangciso esixhomekeke kwingqikelelo kwiimalike zezemali.
Kwezi meko, kubhetele uye kwenye ingxowa-mali kodwa usazi ukuba ayizukusinika nzuzo okanye kwimeko yakho iya kuba mbalwa. Kodwa iyakusebenza ubuncinci ukuze abatyali mali abancinci nabaphakathi bangaphulukani nemali kwizikhundla zabo, umba ekufuneka ngokuqinisekileyo uxatyiswe kwezona ndlela zokuzikhusela zotyalo-mali apho ukhuseleko kunye nolondolozo lokonga lukhona ngaphezulu kwako konke. Le kuphela kwenjongo ekufuneka ibhalisele ingxowa mali yotyalo-mali ngezi mpawu kwaye kwelinye icala zezo zinekhomishini engezantsi, kunye neendleko zolawulo okanye zolondolozo lwayo. Kodwa ngokugaya okuncinci kwiminyaka yakutshanje njengokunqongophala komdla kwinxalenye yabasebenzisi.
Inzuzo yeNgxowa-mali
Emva amathandabuzo aveliswe ngenyanga ka-Agasti, iimarike zezemali ziphinde zafumana ngoSeptemba imeko entle yeenyanga ezidlulileyo, kwaye ivaliwe ikota ngembuyekezo elungileyo kwizalathiso eziphambili zentengiso yesitokhwe, ngokweedatha zamva nje zoMbutho wamaZiko okuTyala aManyeneyo kunye neNgxowa-mali yomhlala-phantsi (Inverco) .. ityala, umlinganiso waseSpain we-Ibex 35 index wema ngaphandle, owathi ngoSeptemba wathumela imbuyekezo entle engaphezulu kwe-4%, nangona ezinye ii-indices zathumela imbuyekezo entle.
Kwimeko yozinzo olukhulu, i-IRR ye-10 yeminyaka ye-bond bond inyuke yaya -0,57% ukusuka -0,70% kwinyanga ephelileyo kwaye isivuno se-Spanish-10 bond bond sonyuke kancinci saya kwi-0,13%. Iprimiyamu yomngcipheko eSpain yancitshiswa yaza yavalwa inyanga kwi-73 bps (i-83 bps ngo-Agasti). Ixabiso lotshintshiselwano nge-euro xa lithelekiswa nedola livalwe nge-1,09, oko kuthetha ukuba kwinyanga yesithathu elandelelanayo imali yaseMelika yafumana ukuphinda kujongwe kufutshane ne-1% xa kuthelekiswa ne-euro. Njengenye yeenketho zokuthatha izikhundla kule minyaka izayo.