Izicwangciso zokuphinda kutyalwe imali zivumela umtyali-mali ukuba azithengele izabelo ezintsha ngokuzenzekelayo, ngaloo ndlela esonyusa imali eseleyo ebibanjelwe kwiziko lezemali, ukongeza ekunikezeleni ngamathuba okufumana umvuzo omkhulu wezabelo kude kube utyalo-mali kwiiakhawunti ezenziwe Ukuza kuthi ga ngoku. Apho ii-akhawunti zabanini zabelo zibonelela ngentlawulo ephezulu, ngaphezulu kwezinye iintlobo zeakhawunti, phakathi kwe-5% kunye ne-7% yenzala yonyaka kwaye zihlala zixolelwe kwimirhumo yolawulo neyokugcina.
Owona mqobo uphambili kukuba ukufikelela kwezi mveliso kunyanzelekile ukuba izabelo zibekwe ebhankini ekhupha ukhuseleko, nto leyo ethetha ukuba iziko lezemali kufuneka litshintshwe. Kodwa kuyo nayiphi na imeko, enye inketho kubatyali mali kukuphinda batyale izabelo zabo ukuze ngale ndlela bakwazi ukukhulisa ubunzima babo kukhuseleko olukhethiweyo. Oko kukuthi, baya kuba nemali engaphezulu nangaphezulu kwizabelo ezithengiweyo kwenye yeenkampani ezibonisa olu phawu lukhethekileyo.
Esi sisicwangciso esisetyenziswa ngamanye amaxesha ngabatyali zimali abancinci nabaphakathi kunye neprofayili yokuzikhusela okanye yokulondoloza. Ukwenza ibhegi yokonga ezinzileyo ejonge embindini kwaye ngakumbi ixesha elide. Ngokufumana, ke, inani elikhulu lezabelo, amathuba akho okwenza inzuzo eyinkunzi inyuke ngokuqhubekayo. Nangona ngesizathu esifanayo ukuba ezi zehlisiwe ilahleko iya kuba nkulu ngakumbi kunangaphambili. Konke oku njengesiphumo sokwandisa ubukho bayo kwinkampani edwelisiweyo ngesi sicwangciso sotyalo-mali esiya rhoqo kubasebenzisi beemarike zentengiso.
Iiklasi zokwahlula
Ngayiphi na imeko, kufuneka ithathelwe ingqalelo ukuba kukho iintlobo ezininzi zolwabiwo. Isimo asisafani nakuqala, apho bekukho kuphela ukhetho lokuba lo mvuzo uye ngqo kwi-akhawunti yokulondoloza abanini zabelo. Ewe kunjalo, ukunikezelwa kuye kwahluka kwaye ke zikho ezinye iindlela zokuqokelela isahlulo esiya kuxhomekeka kwi- iprofayile endiyivezayo umtyalomali omncinci nophakathi. Oko kukuthi, ukuba ufuna ukuthengiswa okanye, ngokuchaseneyo, ukhetha ukwandisa ubunzima bakho kwinkampani edwelisiweyo. Ukuya kuthi ga kwinqanaba elithile, lunyango olwenzelwe wena olu hlobo lwemivuzo lubonelela kwiimarike zezabelo.
Ukusuka kule ndlela ibaluleke kakhulu, lixesha lokuba ufumane iintlobo zesahlulo abanokuthi basifumane abatyali mali abancinci nabaphakathi ukusukela ngoku. Zininzi kwaye zinendalo eyahlukeneyo njengoko uya kuba nakho ukuqinisekisa kolu lwazi. Ezinye zazo ziyinyani ngokwenyani ngokunxulumene noomatshini bazo kulwabiwo lwenzuzo yeenkampani. Kwaye banokuza kuwe ngcono kunabanye ngexesha elithile ebomini bakho. Nangona zimbalwa iinkampani ezikhethe ezi zicwangciso zotyalo-mali.
Izabelo zemali
Kwifomathi yokwahlulahlula ngokwesiko, iinkampani zisasaza inxenye yeenzuzo zazo, imali ezibhokisini yazo, ethi ifunyanwe ngabanini zabelo nalapho kuye kwasetyenziswa ukubamba (okwangoku yi-19%). Kule meko, inani lezabelo kwinkampani lihlala lingaguqukanga, ke umnini zabelo ufumana imali kwaye igalelo lakhe kule nkampani lihlala linjalo. Yindlela yokubuyisa inzuzo kutyalo-mali kwaye ngakumbi ukuba ixesha lesigxina alizukuba lide kakhulu. Oko kukuthi, ukhetha ukufumana le mali kunokuba wandise izikhundla zakho kukhuseleko olubuzwayo. Yeyona ndlela ixhaphakileyo yokuqokelela izabelo kunye nenye ekhethwe yinkampani ezininzi ezidweliswe kwisalathiso sezabelo zamashishini eSpain, i-Ibex 35.
Olona loncedo lwayo luxhomekeke ekubeni ulwabiwo lwesahlulo aluzuxhomekeka kwinto eyenzekayo kwiimarike zezabelo. Ukuba akunjalo, ngokuchaseneyo, yimali eza kuba ikwiakhawunti yakho yokonga ukusukela kumhla apho le ntlawulo iye kumnini zabelo yenziwa ibe semthethweni. Kunye nefuthe layo kubatyali mali ngokuba nemali eqingqiweyo kunye neqinisekileyo ngonyaka kunye nantoni na eyenzekayo kwiimarike zezabelo. Ukuya kwinqanaba lokuba kunokuba yimali obungenayo kwaye inokukhokelela ekubeni uzonwabise nangaliphi na ixesha.
Ukwahlulahlula iscrip
Olu hlobo lokwabiwa kwezahlulo luye lwathandwa kule minyaka idlulileyo ngenxa yeengxaki zeenkampani ezininzi ukuze zikwazi ukuqhubeka nokuhlawula isabelo semveli, kuba inzuzo yabo yayiwele kakhulu kwaye kwakungekho mali ezinkozo yokuyigcina. Ngesi sizathu, bathathe isigqibo kwifom entsonkothileyo yokwahlulahlula imali okungaze kubonise izibonelelo kumnini zabelo kwaye phantse yonke inkampani. Kuyinyani ukuba yinkqubo emkayo Ukunyanzelisa ezinye iinkampani ezenza i-Ibex 35, kodwa engakhange ifunyanwe kakuhle yinkangeleko ekhethekileyo phakathi kwabatyali zimali zentengiso.
Ngelixa kwelinye icala, kufuneka kugxininiswe ukuba olu lwabiwo kwizabelo lwenzelwe ukuba nobunzima obukhulu kwinkampani ehambisa izibonelelo phakathi kwabanini zabelo. Yinkqubo eqale ngamandla, kodwa ekuhambeni kwexesha iphulukene namandla ngenxa yomngcipheko wokuba ixabiso lesabelo linokwehla ukusuka kuloo mzuzu ukuya phambili. Ngexesha apho ukungazinzi kwiimarike zezabelo yenye yezona zinto ziphambili zixhaphakileyo kuzo. Ngayiphi na imeko, ikhoyo kunikezelo lwangoku lweenkampani ezidweliswe kwimarike yemasheya ngalo mzuzu.
Kunye nentlawulo kwipremiyamu yesabelo
Le yiyantlukwano ekhethekileyo yendlela yesahlulo sendabuko, apho ulwabiwo lwesahlulo kubanini zabelo lwenziwe ngaphandle kwenzuzo, kodwa lwenziwa kwintlawulo yesabelo okanye kwiindawo ezingasasazwanga. Oku kusenziwa kuthetha ukuba iingeniso ezingahanjiswanga kunyaka omnye njengezahlulo, ziba yimali ebhalisiweyo. Olunye ukhetho olufumanekayo ngalo mzuzu lelo linento yokwenza namalungelo ezabelo. Apho, ukuba unqwenela, ungathengisa ngexabiso lentengiso. Kodwa kurhoxiswe ingqokelela yesahlulo. Ngale ndlela, ukuze umsebenzi ube nenzuzo yokwenene, awuyi kuba nesisombululo ngaphandle kokuhlengahlengisa ixabiso kakuhle ukuze ulahle amalungelo ezabelo.
Ngakolunye uhlangothi, kufuneka kuqatshelwe ukuba kule nkqubo unomhla wokugqibela wokuphumeza le nyathelo kwiimarike ze-equity. Ngesi sizathu, kubalulekile ukuba ulandele ixabiso leekowuti ukuze ubone ukuba ungafumana imali ethe xhaxhe kunikezelo lwezahlulo eziza kukuvelisa ngenkqubo yodidi lolu hambo kwisahlulo. Oko kubizwa ngokuba yisahlulo esihlawuliswe oovimba nako kukhoyo. Apho olu lwabiwo-mali lwezahlulo kufuneka luhlangabezane neemfuno ezifanayo nolwabiwo lwezahlulo ezibiziweyo kwiziphumo zonyaka Nangona kunjalo, izabelo ziya kuthunyelwa, njengoko igama lisitsho, ngaphandle kwenkampani ekhoyo.
Yeyiphi imodeli onokuyikhetha?
Nokuba yeyiphi indlela ekhethiweyo yokwabiwa kwesahlulo, kufuneka siqwalasele oku kulandelayo xa sivuma ukuhanjiswa. Kwelinye icala, ukuba kukho isahlulo esikhethiweyo sokuxhasa okuthile inxaxheba / izabelo Ngaphakathi kwenkampani, ngaphambi kokuhanjiswa, esi sahlulo sokuqala kufuneka sigutyungelwe. Ngelixa kwelinye icala, ixesha kunye nendlela yokuhlawula izabelo ekuvunyelwene ngazo kufuneka zenziwe. Elona xesha liphezulu lokuhlawulwa ngokupheleleyo kwesahlulo iya kuba ziinyanga ezilishumi elinambini ukusukela kumhla wokusonjululwa kwentlanganiso jikelele apho ukuhanjiswa kwazo kuvunyelwene ngako.
Ngayiphi na imeko, into yokuqala ekufuneka siyithathele ingqalelo xa siqhubeka nokwenza ulwahlulo lolwabiwo kukuba ulwabiwo kufuneka lwenziwe ngenxa yamaqabane ngokusekwe kwipesenti yayo ngaphakathi kwesabelo mali. Nokuba yeyiphi na indlela, ekugqibeleni isigqibo kuya kufuneka senziwe nguwe kwaye sisekwe kwiminqweno yakho, enokwahluka ngamaxesha ahlukeneyo ebomini bakho.
Isalathiso sokhuseleko kunye nezahlulo
El Ukwahlulahlula okuphezulu kwe-Ibex sisalathiso sentengiso yemasheya yaseSpain ebandakanya iinkampani ezingama-25 ezineyona mveliso inkulu kwimarike yaseSpain neenjongo zayo kukuqokelela indlela yokuziphatha kweenkampani ezibonelela ngolu hlobo lwembuyekezo. Ukhuseleko luyalinganiselwa kule index ngokusekwe kwisahlulo sesivuno esilungelelanisiweyo kwinkampani yasimahla yokuhamba kunye nomyinge wemali eyimali ngokusekwe kubulungu babo Ibex 35, Ibex Medium Cap o Ibex Cap encinci. Kwelinye icala, abanini zabelo abanomdla kumvuzo oza kubonelelwa zezi nkampani kufuneka bazi ukuba kwezi nyanga zimbalwa zizayo abanye babo baya kubonelela abanini zabelo ngale ntlawulo.