首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
The term investment portfolio (证卷投资组合) conjures up visions of the truly rich--the Rockefellers, the WalMart Waltons, Bill Gates.
The term investment portfolio (证卷投资组合) conjures up visions of the truly rich--the Rockefellers, the WalMart Waltons, Bill Gates.
admin
2010-06-11
15
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.
Which of the following statements will the author support?
选项
A、Everybody can get rich with some financial assets.
B、The credit risk for treasury bonds is extremely high.
C、Ifs no use trying to know the ’advantages of stocks, bonds and cash.
D、Everybody should realize the importance of distribution of their financial assets.
答案
D
解析
这类题应在理解文章的基础上,着重比较四个选项,采取排除法。A“只要有些则产,每个人都可以致富”,凭常识判断这句话本身就不对,与作者介绍投资渠道的必要性和方法相悖;B“购买国债的信誉风险极高”,这句话与“The U.S.government stands behind Treasury bonds,so the credit risk is almost nil.”意思完全相反:C“了解股票、债券和现金的优势并无用处”,这与作者的观点相反;D“每个人都应该意识到金融财产分散投资的重要性”,即现在常说的“理财”。这正是第—段作者所说的“每个人都可以根据自己的需要用不同的投资方式致富”的前提。故选D。
转载请注明原文地址:https://www.kaotiyun.com/show/iRKK777K
0
大学英语六级
相关试题推荐
A、Themanshouldstartrunningdaily.B、Shealsopreferstoexerciseintheafternoon.C、It’simportanttowarmupbeforeexerci
Occasionalself-medicationhasalwaysbeenpartofnormalliving.Themakingandsellingofdrugshavealonghistoryendarecl
Wildducksandothermigratory(迁移的)birdscouldbeimportantcarriersofdeadlybirdflu,researcherssay.Evenso,theinfecti
A、Gasstation.B、Policestation.C、Lostandfounddepartment.D、Bat.AW:Thisdoesn’tlookatallfamiliar.Wemustbelost;we’db
A、Shecan’taffordthetimeforthetrip.B、Shewillmanagetoleavethismonth.C、Shehastochangethetimeforthetrip.D、Sh
A、Itisthebestcityhe’severvisited.B、It;vasworsethanhehadexpected.C、Itisdifficulttogetaroundinthecity.D、Th
A、Ithasbrokendownbefore.B、Shegenerallydoesn’tallowpeopletoborrowit.C、Sheistryingtosellit,D、Sheboughtitfrom
WhatSelectivityMeansforYouUnderstandingAdmissionFactorsCollegeadmissionofficersacrossmostofthenationrepo
A、George’sbrother.B、George’swife.C、George’sfather.D、George’swife’sfather.B
A、It’sabestselleroftheyear.B、Shehastemporarilyforgottenthetitle.C、Thetitleisratherdifficulttopronounce.D、She
随机试题
CD4+细胞不具备的活性是
简述传播媒体的选择原则。
下列各情形中,哪些在构成单位犯罪以后,只处罚主管人员、直接责任人员及其他有关责任人员?()
某岸边工程场地细砂含水层的流线上a、b两点,a点水位标高2.4m,b点水位标高3.2m,ab两点间流线长度为12m。试问:ab两点的平均渗流力(kN/m3)最接近于下列()项。
在对数据实行等距分组的情况下,组距与组数的关系是()。
A药厂在2012年初有一新产品上市,是一个在国际上较领先的产品,全厂上下都信心十足地定下“2012销售年度完成6000万元的销售目标”。按此目标,各区域根据各自市场的情况给各销售人员分配了一定销售量任务。而到2012年12月31日才完成了不到600万元且回
某同学每周都对自己的学习情况做出小结,分析自己在学习上取得的进步,找出自己的薄弱环节。他的这种行为属于()。
错觉,是指由物理、生理和认知等多方面原因引起的对客观事物的不正确的知觉。下列不属于这类现象是()。
WholesalepricesinJulyrosemoresharplythanexpectedandatafasterratethanconsumerprices,【C1】______thatbusinesseswe
TheRomansremainedincontrolofBritainfornearly400yearsandtheypulledoutin______.
最新回复
(
0
)