首页
登录
职称英语
The term investment portfolio (证卷投资组合) conjures up visions of the truly rich
The term investment portfolio (证卷投资组合) conjures up visions of the truly rich
游客
2024-06-07
1
管理
问题
The term investment portfolio (证卷投资组合) conjures up visions of the truly rich--the Rockefellers, the WalMart Waltons, Bill Gates. But today, everyone--from the Philadelphia firefighter, his part-time receptionist wife and their three children, to the single Los Angeles lawyer, starting out on his own--needs a portfolio.
A portfolio is simply a collection of financial assets, it may include real estate, rare stamps and coins, precious metals and even artworks. But those are for people with expertise. What most of us need to know about arc stocks, bonds and cash (including such cash equivalents as money market funds).
How do you decide what part of your portfolio should go to each of the big three? Begin by urulerstanding that stocks pay higher returns but are more risky; bonds and cash pay lower returns but are less risky.
Reach by Ibbotson Associates, for example, shows that large company stocks, on average, have returned 11.2 percent annually since 1926. Over the same period, by comparison, bonds have returned an annual average of 5.3 percent and cash, 3.8 percent.
But short term risk is another matter. In 1974, a one-year $1000 investment in the stock market would have declined to $735.
With bonds, there are two kinds of risk: that the borrower won’t pay you back and that the money you’ll get won’t be worth very much. The U.S. government stands behind treasury bonds, so the credit risk is almost nil. But the inflation risk remains. Say you buy a $1000 bond maturing in ten years. If inflation averages about seven percent over that time, then the$1000 you receive at maturity can only buy $500 worth of today’s goods.
With cash, the inflation risk is lower, since over a long period you can keep rolling over your CDs every year (or more often). If inflation rises, interest rates rise to compensate.
As a result, the single most important rule in building a portfolio is this: If you don’t need the money for a long time, then put it into stocks. If you need it soon, put it into bonds and cash. [br] The word "returns" in Paragraph 3 can be best replaced by"______."
选项
A、returning journeys
B、profits
C、savings
D、investments
答案
B
解析
该同本身的意思是“回来,回报”,再看句了“stocks pay higher returns but are more risky”是说股票有更高的回抵但风险更大。我们凭常识判断,股票的回报就是“赚钱,利润”。比较四个选项,B profits(利润)正确。
转载请注明原文地址:https://tihaiku.com/zcyy/3622936.html
相关试题推荐
Indeed,it______(正是总裁在投资问题上的仓促决定)eventuallyledtothebankruptcyofourcorpor
TheterminvestmentportfolioconjuresupvisionsofthetrulyrichtheRock
TheterminvestmentportfolioconjuresupvisionsofthetrulyrichtheRock
Worse,thoughChinatookanearlydecisionto______(吸引制造业方面的国外直接投资),ithasb
Indeed,it__________________(正是总裁在投资问题上的仓促决定)eventuallyledtothebankruptcy
Theterminvestmentportfolio(证卷投资组合)conjuresupvisionsofthetrulyrich
Theterminvestmentportfolio(证卷投资组合)conjuresupvisionsofthetrulyrich
WhenToyotaMotorCorp.movedoneofitsdivisionsintoanenvironmentallyf
WhenToyotaMotorCorp.movedoneofitsdivisionsintoanenvironmentallyf
WhenToyotaMotorCorp.movedoneofitsdivisionsintoanenvironmentallyf
随机试题
Nodirectrelationshiphasbeenprovenbetweenhighcholesterollevelsandheart
Morethanfiftyyearsago,theUnitedNationsdeclaredthatliteracyisaba
Jan.6issue--Theweatheroutsidewasicy,butinside,250journalistswere
DREAMWORLDINFORMATIONHOURSOFOPERATION:Dreamworldi
设函数f(x)=x+aln(1+x)+bxsinx,g(x)=kx^3。若f(x
A.个别正常验 B.功能性矫治器 C.阻断性矫治 D.预防性矫治 E.暂
糖尿病急性代谢并发症不包括A、糖尿病酮症酸中毒B、高血糖高渗性糖尿病昏迷C、
某五层砖砌体房屋,各层层高均为3m,采用现浇混凝土楼、屋盖,横墙承重。该房屋位于
下列事件发生后既可以索赔费用又可以索赔利润的有()。A.异常恶劣的气候条件
肠血吸虫病病变最显著的部位是A、乙状结肠和直肠 B、横结肠和升结肠 C、回盲
最新回复
(
0
)