Ixesha elizayo kwimpahla yorhwebo

Ngaba ukutyala imali kwikamva lempahla kunokwenzeka ngoku? Ewe, kufanele ukuba kukhunjulwe kwasekuqaleni ukuba izinto ezingafunekiyo yenye yezinto zexabiso kwikamva elifanelekileyo kwaye namhlanje ziyathengiswa kuba zazalwa yimfuno yabavelisi ukukhusela ixabiso lezityalo zabo nakwesiphi na isiganeko esingalindelekanga.

Qhubeka uye phambili ekusebenzeni kwezinto ezingasetyenziswanga kunzima ngakumbi kunokwenziwa komsebenzi wonke kuba kwiimeko eziqhelekileyo nakweyiphi na imakethi yongezwa ukuba yinto ebonakalayo kwaye ngenxa yoko ixhomekeke kwixesha elinamandla lonyaka elivela kwimozulu.

Ukongeza, ikamva liyahanjiswa, oku kuthetha ukuba xa uthenga okanye uthengisa ikhontrakthi yexesha elizayo, ufumana uxanduva lokuthenga okanye ukuthengisa isixa esithile sezinto eziluhlaza kwindawo ethile nakwimihla ethile, ke kwezi marike singafumana abaxeli abaxubileyo nabathengi bemveliso kunye nabavelisi abasebenzisa ikamva njengokhuseleko.

Tyala imali kwiasethi yokwenene

Eyona ndlela ethe ngqo yotyalo-mali kwizinto zorhwebo iya kuba kukuthengwa kwempahla yorhwebo ngokwayo. Ngokucacileyo le ndlela isebenza kuphela nezinto ezithile zorhwebo, ezinje ngeesinyithi ezixabisekileyo, kodwa kunjalo iyindlela yokufumana ukuvezwa kwezi marike.

Ukuba ufuna ukutyala ngegolide, umzekelo, unokuthenga ibha yegolide. Ubungakanani begolide esulungekisiweyo ehlangabezana neemeko ezisemgangathweni zokwenziwa, ielebheli kunye nobhaliso.

Nangona kunjalo, zininzi iingxaki ngale ndlela yotyalo-mali. Unengxaki yangoku yokuba kufuneka ugcine iasethi. Olu hlobo lotyalo-mali lukwanamanzi amancinci kunolunye, ke kamva kubiza kakhulu ukutshintshiselana. Kwangokunjalo, kuba ibar yegolide ayinokwahlulwa, ukunyuka kwayo kuyanda.

Utyalo-mali kwingxowa-mali yokurhweba

Ngakolunye uhlangothi, abantu abaninzi abatyala imali kwizinto eziphathekayo benza njalo ngokutyalomali kwiimali ezithengiswa ngemali yokuthengiswa kwezinto (ETFs). I-ETF yingxowa-mali ethengiswayo kutshintshiselwano lwesitokhwe. I-ETF inokwenziwa ngamanqanaba ahlukeneyo ee-stock, iimpahla, okanye iibhondi.

Ezinye ii-ETF zijolise ekulandeleleni ixabiso lezinto ezizithengisayo, ezinje ngee-ETF zegolide ezibonakalayo. Kwelinye icala, abanye baya kuzama ukulandela imveliso ngokubhalwa kwe-ETF enokuba nezabelo zeenkampani ezikhuphayo okanye ezixhaphazayo. Uhlobo lokugqibela lwe-ETF lunokwaziwa ngokuba nexabiso elingafaniyo kunempahla yorhwebo.

Ukutyala imali kwikontrakthi yexesha elizayo

Ixesha elizayo lezorhwebo zizivumelwano zokuthenga okanye ukuthengisa ubungakanani obuchaziweyo bempahla ngexabiso elichaziweyo kunye nomhla ochaziweyo kwixesha elizayo. Umrhwebi wenza imali ukuba urhwebo luxabisa okanye lihla ixabiso xa kuthelekiswa nexabiso elimiselweyo, kuxhomekeke ekubeni uthatha isikhundla eside okanye esifutshane ngokwahlukeneyo.

Ixesha elizayo yimveliso ephuma kuyo, ke awuyiyo impahla yorhwebo ngokwakho. Abathengi bangasebenzisa ikamva ukuzikhusela kwimingcipheko enxulumene nokuhla kwamaxabiso (ngakumbi kwiimarike ezithengisayo zorhwebo), kwaye abathengisi bangasebenzisa ikamva "ukuvala" iingeniso kwiimveliso zabo.

Ukutyala imali kwiiCFDs kwiziseko

Abatyalomali banokurhweba ii-CFD kwimpahla njengeendlela zokufumana ukubhengezwa kwiimarike zorhwebo. Ikhontrakthi yomahluko (i-CFD) yimveliso ephuma kuyo, apho kukho isivumelwano (ngesiqhelo phakathi komrhwebi kunye nomtyali-mali) ukuhlawula umahluko kwixabiso lempahla yexabiso eliphakathi kokuqala nokuphela kwesivumelwano. Uthengisa ii-CFD kumda, oko kuthetha ukuba kuya kufuneka ubeke iqhezu lexabiso lentengiso yakho. Ukurhweba ngokurhweba kuvumela abathengisi ukuba bafumane ukubonwa okungakumbi ngentlawulo encinci yokuqala.

Ukutyala imali kurhwebo lweCFDs kuzisa izibonelelo ezininzi. Ii-CFD zikhululiwe kuxanduva lwesitampu, kuba iyimveliso ephuma kuyo, ke uya kuba neendleko ezimbalwa xa uthengisa ii-CFD.

Gcina imali yorhwebo

Zininzi iindlela zokujonga utyalomali kwimpahla yorhwebo. Inye kukuthenga ixabiso elingafaniyo lezinto ezibonakalayo ezinje ngezinto ezinje ngetsimbi exabisekileyo. Abatyalomali banokutyalomali ngokusebenzisa ikamva okanye ukurhweba ngorhwebo (PTE) ikhontrakthi ezilandelela ngokuthe ngqo isalathiso esithile sempahla. Olu lutyalo-mali olutshintshatshintshayo nolunzima ukucebisa ngokubanzi kubatyali zimali abaphucukileyo.

Enye indlela yokufumana ukubonwa kwezinto zorhwebo kukudibana kwemali etyala imali kwiinkampani ezinxulumene nempahla. Umzekelo, ingxowa yeoyile kunye negesi iya kuba nezabelo ezikhutshwe ziinkampani ezibandakanyekayo kuphononongo, ukucokiswa, ukugcinwa kunye nokusasazwa kwamandla.

Izitokhwe zorhwebo

Ngaba izitokhwe zorhwebo kunye neemveliso zihlala zinika imbuyekezo efanayo? Akunjalo. Kukho amaxesha apho olunye utyalo-mali lugqithise kwelinye, ke ukugcina ulwabiwo kwiqela ngalinye kunokunceda ekwenzeni igalelo ekusebenzeni kwexesha elide kwipotifoliyo.

Izinto eziluncedo zokutyala imali kurhwebo

Okokuqala ukwahluka kwabo. Ngokuhamba kwexesha, iimpahla kunye neempahla zempahla zivame ukubonelela ngembuyekezo eyahlukileyo kwezinye izitokisi kunye neebhondi. Iphothifoliyo eneeasethi ezingashukumiyo kwinqanaba elifanayo inokukunceda ekulawuleni ngcono ukungazinzi kwintengiso. Nangona kunjalo, ukwahluka akuqinisekisi ngenzuzo okanye isiqinisekiso ngokuchasene nelahleko.

Ukubuyela okunokwenzeka

Amaxabiso ezinto ezahlukeneyo anokutshintsha ngenxa yezinto ezinje ngokubonelela kunye nemfuno, amaxabiso otshintshiselwano, ukunyuka kwamaxabiso, kunye nempilo yoqoqosho ngokubanzi. Kwiminyaka yakutshanje, ukwanda kwebango ngenxa yeeprojekthi ezinkulu zeziseko zophuhliso zehlabathi kube nefuthe elikhulu kumaxabiso ezinto zorhwebo. Ngokubanzi, ukwanda kwamaxabiso ezinto zorhwebo kube nefuthe elihle kwizitokhwe zeenkampani kumashishini ahambelana noko.

Uthango olunokubakho ngokuchasene nokunyuka kwamaxabiso

Ukunyuka kwamaxabiso - okunga lonakalisa ixabiso lesitokhwe kunye neebhondi- kunokuthetha amaxabiso aphezulu ezinto. Ngelixa izinto zorhwebo ziqhube kakuhle kumaxesha okunyuka kwamaxabiso aphezulu, abatyali mali kufuneka bazi ukuba izinto zorhwebo zinokuba bhetyebhetye ngakumbi kunezinye iintlobo zotyalo-mali.

Umngcipheko wotyalo-mali kwisiseko

Umngcipheko ophambili. Amaxabiso ezinto ezinokubakho anokungazinzi kakhulu kwaye ishishini lezorhwebo linokuchaphazeleka kakhulu yiminyhadala yehlabathi, ulawulo lokungenisa elizweni, ukhuphiswano lwehlabathi, imigaqo karhulumente, kunye neemeko zoqoqosho, zonke ezinokuba nefuthe kumaxabiso ezinto zorhwebo. Kukho ithuba lokuba utyalomali lwakho luzakuphulukana nexabiso.

Ukuguquguquka

Imali kunye okanye iimveliso zokulingana ezilandelela icandelo elinye okanye izinto ezinokubakho zinokuba ngaphezulu komndilili wokungazinzi. Ukongeza, iimali zempahla yorhwebo okanye ii-PTEs ezisebenzisa ikamva, ukhetho, okanye ezinye izixhobo ezivela kwezinye zinokunyusa ukungazinzi.

Ukubonakaliswa kweemarike zangaphandle nezikhulayo

Ukongeza kubungozi obunxulunyaniswa notyalo-mali kwimpahla yorhwebo, ezi mali zikwaphethe imingcipheko ehamba nokutyala imali kwiimarike zangaphandle nezikhulayo, kubandakanya ukungazinzi okubangelwa kukungazinzi kwezopolitiko, ezoqoqosho nezemali.

Uxinzelelo lweeasethi

Ngelixa iimali zorhwebo zinokudlala indima kwisicwangciso esiliqili, iimali ngokwazo zijongwa njengezingahlukiswanga njengoko betyala inxenye ebalulekileyo yeeasethi zabo kwisitokhwe esimbalwa kunokuba kunjalo ngokubanzi. Kugxilwe kumzi-mveliso omnye okanye emibini. Ngenxa yoko, utshintsho kwixabiso lentengiso yotyalo-mali olunye kunokubangela ukuhla okukhulu kwixabiso lesabelo kunokuba kunokwenzeka kwingxowa-mali eyahlukeneyo.

Olunye umngcipheko

Iingxowa-mali ze-equity ezijolise kwimpahla zinokusebenzisa iikhontrakthi zexesha elizayo ukulandela umkhondo wezinto zorhwebo okanye isalathiso sempahla. Ukurhweba kwezi ntlobo zezokhuseleko kukuthelekelela kwaye kunokuba yinto eguqukayo kakhulu, enokubangela ukuba ukusebenza kwengxowa-mali kwahluke kakhulu ekusebenzeni kwempahla yorhwebo. Lo mahluko ungalunga okanye ube mbi, kuxhomekeke kwiimeko zentengiso kunye neqhinga lotyalo-mali lwengxowa-mali.

Isixhobo esihle seyantlukwano

Kunzima ukutyala izinto zorhwebo usebenzisa isakhelo esithandwayo se-Ucits. UDavid Stevenson ufumanisa ukuba abatyali mali bangafikelela njani kule klasi yeeasethi kwaye ukuba ngaba kukho ukuthanda kwabo. KuMartin Estlander, izinto zorhwebo 'sisixhobo esifanelekileyo' '. Ke kutheni, umseki wenkampani yaseFinland iEstlander kunye namaQabane (i-E & P) efuna ukwazi, abatyali zimali abathengisayo abafuna ukufikelela kolu didi lweeasethi bajongene nemingcipheko emininzi?

Nangona abatyali zimali abanokuthi batyale imali kwizinto zorhwebo, iEstlander - inkampani yayo isungule iNgxowa-mali ye-E & P ngoJanuwari- ibhekisa kwimithetho engqingqwa yaseYurophu kwimali ye-Ucits engoyena mqobo kutyalo mali lwempahla. U-Estlander wayila iNgxowa-mali ye-E & P phantsi kwe-Alternative Investment Fund Managers Directive (AIFMD), nangona eqaphela ukuba inika ukhuselo lomtyali mali olufanayo nophawu lwe-Ucits.

Enye yeengxaki ezingundoqo ekusebenziseni iimali ezilawulwa yi-AIFMD ukutyala imali kwizinto zorhwebo kukuba imigaqo iyalinciphisa inani labatyali mali abanokutyala imali. U-Isabelle Bourcier, intloko yophuhliso lweshishini e-Ossiam, umboneleli weemali zothengiso-mali (i-ETFs), uthi yiyo le nto kunyanzelekile ukuba iimali zorhwebo zika-Ossiam zithobele imigaqo ye-Ucits: “Xa sigqibe ekubeni sandise uluhlu lwethu lweemveliso zorhwebo kwaye sathetha nabanye ababoneleli besalathiso, enye yeemeko esababuza zona yayikukuqinisekisa ukuba isalathiso siyahlangabezana nemigangatho yokwahluka kwe-Ucits ukuze sikwazi ukugcina ukuthotyelwa ngokupheleleyo kwemigaqo ye-Ucits. Ukuze i-ETF ibhalwe kuluhlu lotshintshiselwano, uphawu lwe-Ucits lubalulekile, utshilo.

Ingxowa mali yorhwebo eyakhiwe

Iimali zempahla ezakhiwe phantsi kwe-AIFMD zinokuya eYurophu ngendlela efanayo nengxowa-mali ye-Ucits, nangona kukho umahluko obonakalayo. Ngokungafaniyo nengxowa-mali ye-Ucits, akukho sidingo sengxelo yemihla ngemihla yokuhlawula amatyala, nangona i-E & P Commodity Fund ibonelela ngeveki, ukongeza ekunikezeleni ngolwazi kumaxabiso aqikelelweyo. Kodwa, kutheni ngeli xesha le misebenzi inokwenziwa kweziasethi zemali ikhethekileyo?

Ngaphandle kwezithintelo kubatyalomali zokungena kwindawo, okanye kuluhlu lwezicwangciso kanye kuyo, ngoku lixesha elifanelekileyo lokutyala imali kwizinto zorhwebo kunjalo? Mva nje, amaxabiso ezinto zorhwebo- ngakumbi ixabiso leoyile- lehlile. “Ngokubanzi, sicinga ukuba lixesha elifanelekileyo lokujonga iimveliso.

Amacandelo ahlukeneyo asebenza ngokwahlukileyo, utshilo uBernhard Wenger, intloko yezokwabiwa kweYurophu kwi-ETF Securities. Njengoko imveliso yorhwebo ende ende ibonakala iphelile, amathuba okutyala imali kwizinto zorhwebo ngoku athatha umngcipheko owongezelelweyo, kodwa kunye nomvuzo omkhulu onokubakho. Iinkampani zisafunda umahluko phakathi kwamaxabiso entengo yempahla kunye namaxabiso exesha elizayo - izinto ekubhekiswa kuzo kulwimi lwekamva njengokubuyela umva kunye ne-contango- ezibaluleke kakhulu njengezinto zonikezelo kunye nemfuno yokubala izibonelelo ezinokubakho.

Iimveliso ezisekwe kumbane

I-Ucits ETF, i-UBS ETF ye-CMCI edityanisiweyo, ibandakanya uluhlu olubanzi lwezinto ezinje ngamandla, ezolimo, kunye nesinyithi esineemizi-mveliso, kodwa iyakwazi ukuthomalalisa 'ukungalingani kokusebenza'. Ngokuka-Andrew Walsh, u-CEO we-UBS ETFs, le mveliso yatsala i-60 yezigidi zeedola (i-53 yezigidi) ye-mali kwiiveki ezimbini ekuqaleni kuka-Februwari, ibonisa ukuba kukho umnqweno wokutyala imali kwizinto zorhwebo. "Sizama ukufumana imeko yexesha elide, eyinxalenye ye-equation, kwaye sizama nokufumana iimeko ezizodwa apho ubonelelo alonelanga ukuhlangabezana neemfuno xa sibona amaxabiso eqina, utshilo u-Estlander. Enye indlela yokutyala imali ngokusebenzisa impahla edweliswe kwintengiso yesitokhwe (i-ETC), ngoncedo lokuba nabani na, ukusuka kumntu wabucala ukuya kwingxowa-mali yomhlala-phantsi, angafaka imali kuyo.

Ukuthatha inxaxheba kwabatyali babucala kwinto yorhwebo yinto uSteve Ruffley, oyintloko yeqhinga lentengiso kwi-Intertrader. "Ngoku ubona abantu abaqhelekileyo bethatha inxaxheba kwioyile - yayiqhele ukuthengiswa ngamaqela eengcali iiyure ezingama-24 ngosuku," utshilo, esithi akacingi ukuba le nto izakuhlala ixesha elide. Enye yeenzuzo eziphambili zokusebenzisa ii-ETCs kukuba zinamanzi kakhulu. Njengoko uWenger echazayo, umtyali mali oqhelekileyo ayinguye umthengi othengayo kunye nokubamba, kodwa usisiqhinga. Ulwelo olongeziweyo luvumela abatyali mali ukuba bangene kwaye baphume ngokukhawuleza, nangona kufanele ukuba kuthiwe kukho umngcipheko ekusebenziseni ezi zixhobo.

Abanalo ukhuseleko lomtyalomali olunikezelwe kwezinye iimveliso, oko kuthetha ukuba, ngokwe-Walsh, imali eninzi inokulahleka. Okwangoku kukho ukunqongophala okucacileyo kokhuphiswano kwindawo yemithombo eluhlaza; abatyali mali kunye neebhanki zotyalo mali ziyaphuma. Iibhanki ziphantsi koxinzelelo kulawulo lokugcina iimfuno zekapitali kwaye abanye banokuphikisa ngelithi iibhanki zotyalo-mali azinazo kwaphela iidesika ezinkulu zokurhweba ngeempahla. Nangona kunjalo, kwabo baseleyo kumdlalo, kubonakala ngathi yintengiso efanelekileyo.

Utyalomali kwizinyithi ezixabisekileyo

Igolide yi ixabiso lokhuselo kwimeko enzima kwaye, ngelixa ezinye iindlela zotyalo-mali ezinje ngeebhondi kunye nezitokhwe zihlala zisilela ngamaxesha oxinzelelo kunye nokungazinzi kweemarike, isinyithi esimthubi sibonisiwe siphucula iziphumo zotyalo-mali, kokubini ngamaxesha ozinzo nokungazinzi kwezezimali kule minyaka idlulileyo.

Unokutyala igolide nge-bullion, ngeendlela ezahlukeneyo okanye iifom, nangeemali, nangona oku kubalulekile ukuba babe nethenda esemthethweni kwilizwe lokuzalwa kwaye bathengiswa ngexabiso elingagqithiyo kwi-80% Ixabiso legolide kwimarike yasimahla.

Ungathenga iimveliso ezahlukeneyo zezi mpawu, ukusuka kwimivalo yegolide ye-2 ukuya kwi-1.000 100 yeegram, enokuthi ikhuphe phakathi kwe-21.000 kunye ne-150 ye-euro; kwiingqekembe zesinyithi ezixabisekileyo, phakathi kwazo apho "iKruger Rand" okanye "iMaple Leaf" zigqamile, kwaye ezinokuthengwa kwii-euro ezingama-XNUMX.


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  1. Uxanduva lwedatha: UMiguel Ángel Gatón
  2. Injongo yedatha: Ulawulo lwe-SPAM, ulawulo lwezimvo.
  3. Umthetho: Imvume yakho
  4. Unxibelelwano lwedatha: Idatha ayizukuhanjiswa kubantu besithathu ngaphandle koxanduva lomthetho.
  5. Ukugcinwa kweenkcukacha
  6. Amalungelo: Ngalo naliphi na ixesha unganciphisa, uphinde uphinde ucime ulwazi lwakho.