{"version":"1.0","provider_name":"Fortune Insight","provider_url":"https:\/\/prime.fortuneinsight.com\/web","author_name":"\u9322\u741b","author_url":"https:\/\/prime.fortuneinsight.com\/web\/posts\/author\/chinshun","title":"\u300a\u8a08\u91cf\u5206\u6790\u300b\u7092\u91d15\u554f5\u7b54 - Fortune Insight","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\"><a href=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/680329\">\u300a\u8a08\u91cf\u5206\u6790\u300b\u7092\u91d15\u554f5\u7b54<\/a><\/blockquote>\n<script type='text\/javascript'>\n<!--\/\/--><![CDATA[\/\/><!--\n\t\t!function(c,d){\"use strict\";var e=!1,n=!1;if(d.querySelector)if(c.addEventListener)e=!0;if(c.wp=c.wp||{},!c.wp.receiveEmbedMessage)if(c.wp.receiveEmbedMessage=function(e){var t=e.data;if(t)if(t.secret||t.message||t.value)if(!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var r,a,i,s=d.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),n=d.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),o=0;o<n.length;o++)n[o].style.display=\"none\";for(o=0;o<s.length;o++)if(r=s[o],e.source===r.contentWindow){if(r.removeAttribute(\"style\"),\"height\"===t.message){if(1e3<(i=parseInt(t.value,10)))i=1e3;else if(~~i<200)i=200;r.height=i}if(\"link\"===t.message)if(a=d.createElement(\"a\"),i=d.createElement(\"a\"),a.href=r.getAttribute(\"src\"),i.href=t.value,i.host===a.host)if(d.activeElement===r)c.top.location.href=t.value}}},e)c.addEventListener(\"message\",c.wp.receiveEmbedMessage,!1),d.addEventListener(\"DOMContentLoaded\",t,!1),c.addEventListener(\"load\",t,!1);function t(){if(!n){n=!0;for(var e,t,r=-1!==navigator.appVersion.indexOf(\"MSIE 10\"),a=!!navigator.userAgent.match(\/Trident.*rv:11\\.\/),i=d.querySelectorAll(\"iframe.wp-embedded-content\"),s=0;s<i.length;s++){if(!(e=i[s]).getAttribute(\"data-secret\"))t=Math.random().toString(36).substr(2,10),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t);if(r||a)(t=e.cloneNode(!0)).removeAttribute(\"security\"),e.parentNode.replaceChild(t,e)}}}}(window,document);\n\/\/--><!]]>\n<\/script><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/prime.fortuneinsight.com\/web\/posts\/680329\/embed\" width=\"600\" height=\"338\" title=\"&#8220;\u300a\u8a08\u91cf\u5206\u6790\u300b\u7092\u91d15\u554f5\u7b54&#8221; &#8212; Fortune Insight\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe>","thumbnail_url":"https:\/\/prime-fortuneinsight-cloud.s3.ap-southeast-1.amazonaws.com\/web\/wp-content\/uploads\/2022\/07\/11021508\/IEF_IAU_norm_comps.png","thumbnail_width":1920,"thumbnail_height":963,"description":"1) \u5982\u4f55long\u9ec3\u91d1\u5206\u6563\u98a8\u96aa\uff1f \u53ef\u4ee5\u7528\u671f\u8ca8\uff0c\u4f46\u671f\u8ca8\u8981\u8f49\u5009\uff0c\u800c\u4e14\u4e26\u975e\u5b8c\u5168\u662f\u9ec3\u91d1\u73fe\u8ca8\u56de\u5831\u66b4\u9732\u3002\u7f8e\u570b\u6709\u4e00\u96bb\u9ec3\u91d1\u73fe\u8ca8ETF\uff0cticker\u662fIAU\uff0c\u6d41\u52d5\u6027\u5145\u8db3\uff0c30\u5929\u8cb7\u8ce3\u50f9\u5dee\u4e2d\u4f4d\u6578\u70ba3\u57fa\u9ede\uff083 basis point\uff0c0.03%\uff09\uff0c\u6bcf\u5e74\u8cbb\u7528\u7d040.25%\u3002\u8cb7\u5165\u5f8c\u4e0d\u7528\u8f49\u5009\u5916\uff0c\u4e5f\u4e0d\u7528\u8f49\u5009\u6210\u672c\u53ca\u9ad8\u6c34\u640d\u5931\uff08contango loss\uff09\uff0c\u80fd\u5e6b\u52a9\u5206\u6563\u6295\u8cc7\u7d44\u5408\u3002 &nbsp; 2) \u9ec3\u91d1\u9084\u662f\u907f\u96aa\u5de5\u5177\u55ce\uff1f \u4e0d\u662f\uff0c\u8acb\u770b\u6578\u5b57\u3002\u7f8e\u80a1\u8207\u9ec3\u91d1\u7684\u56de\u5831\u76f8\u95dc\u6027\u70ba0.04\uff0c\u9ede\u9663\u5716\u5982\u4e0b\uff1a &nbsp; \u53ef\u898b\u5169\u8005\u5e7e\u4e4e\u6c92\u6709\u4efb\u4f55\u95dc\u4fc2\uff0c\u5373\u4f7f\u80a1\u50f9\u5927\u8dcc\uff0c\u4e5f\u4e0d\u5f71\u97ff\u9ec3\u91d1\u50f9\u683c\u3002\u800c\u4e14\uff0c\u56de\u6e2c\u7d50\u679c\u986f\u793a\uff0c\u7f8e\u80a1\u56de\u5831\u4e5f\u672a\u80fd\u6709\u6548\u9810\u6e2c\u9ec3\u91d1\u56de\u5831\uff0c\u7528\u7f8e\u80a1\u7092\u91d1\u4e26\u975e\u6709\u6548\u7b56\u7565\uff0c\u5074\u9762\u8aaa\u660e\u5229\u7528\u9ec3\u91d1\u907f\u80a1\u5e02\u96aa\u4e26\u6c92\u6709\u7528\u3002 &nbsp; 3) \u5229\u7528VIX\u7814\u7a76\u907f\u96aa\u60c5\u7dd2\u53c8\u5982\u4f55\uff1f \u4f60\u53ef\u80fd\u6703\u8cea\u7591\uff0c\u80a1\u5e02\u56de\u5831\u53ea\u53cd\u6620\u73fe\u6642\u50f9\u683c\uff0c\u4e26\u4e0d\u80fd\u5b8c\u5168\u53cd\u6620\u5c0d\u672a\u4f86\u7684\u9810\u671f\u3002\u8981\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u52d5\u6027\u7684\u9810\u671f\uff0c\u5c31\u8981\u770b\u671f\u6b0a\u6ce2\u52d5\u6307\u6578\uff0c\u4ea6\u5373VIX\u7684\u8b8a\u5316\u3002VIX\u8207\u9ec3\u91d1\u7684\u56de\u5831\u76f8\u95dc\u6027\u70ba-0.04\uff0c\u9ede\u9663\u5716\u5982\u4e0b\uff1a &nbsp; \u540c\u6a23\u6839\u64da\u56de\u6e2c\uff0c\u5229\u7528VIX\u4e5f\u672a\u80fd\u6709\u6548\u9810\u6e2c\u9ec3\u91d1\u56de\u5831\uff0cVIX\u4e26\u975e\u7092\u91d1\u7684\u56e0\u5b50\u3002\u8aaa\u9ec3\u91d1\u662f\u907f\u96aa\u5de5\u5177\uff0c\u5be6\u5728\u904e\u4e0d\u53bb\u3002 &nbsp; 4) \u9ec3\u91d1\u73fe\u5728\u53ef\u4ee5\u985e\u6bd4\u54ea\u7a2e\u8cc7\u7522\uff1f \u7f8e\u50b5\uff0c\u800c\u4e14\u662f\u5e02\u5834\u4e0a\u6700\u591a\u4eba\u7559\u610f\u768410\u5e74\u671f\u7f8e\u50b5\uff0810Y US Treasury, 10Y UST\uff09\u3002\u5148\u770b\u5169\u8005\u7d2f\u8a08\u56de\u5831\u6bd4\u8f03\uff08\u6a59\u7dda\u70ba\u91d1\u50f9\uff0c\u85cd\u7dda\u70ba\u50b5\u50f9\uff09\uff1a &nbsp; \u5169\u8005\u4f3c\u4e4e\u6709\u4e00\u540c\u79fb\u52d5\u7684\u50be\u5411\uff0c\u76f8\u95dc\u6027\u90540.3\uff0c\u9ede\u9663\u5716\u4e5f\u53cd\u6620\u5169\u8005\u6709\u6b63\u76f8\u95dc\uff1a &nbsp; \u57fa\u672c\u9762\u539f\u56e0\u662f\uff0c\u50b5\u50f9\u5347\uff0c\u4ee3\u8868\u8cc7\u91d1\u6d41\u5165\u8f03\u4fdd\u5b88\u8cc7\u7522\uff0c\u9ec3\u91d1\u4e5f\u6703\u53d7\u60e0\uff0c\u53cd\u4e4b\u4ea6\u7136\u3002 &nbsp; 5) \u53ef\u4ee5\u9ede\u7092\u91d1\uff1f \u80a1\u7968\u50f9\u683c\u6578\u64da\u5c0d\u7092\u91d1\u7121\u6548\uff0c\u800c\u66f4\u4e0d\u5e78\u7684\u6d88\u606f\u662f\uff0c\u50b5\u50f9\uff0810Y UST\uff09\u5c0d\u7092\u91d1\u4e5f\u7121\u6548\u3002\u5373\u4f7f\u5229\u7528\u300c\u50b5\u50f9\u5347\uff0c\u8cb7\u91d1\uff1b\u50b5\u50f9\u8dcc\uff0c\u6cbd\u91d1\uff09\u7684\u908f\u8f2f\uff0c\u53ef\u4ee5\u4ee4\u7b56\u7565\u6bd4buy and hold\u9ec3\u91d1\u6709\u66f4\u9ad8\u7684\u590f\u666e\u6bd4\u7387\uff081.0 vs 0.6\uff09\uff0c\u5948\u4f55\u7b56\u7565\u6709\u8f03\u9ad8\u7684\u6578\u64da\u6316\u6398\u98a8\u96aa\uff0c\u5728\u672a\u4f86\u96e3\u4ee5\u7372\u5229\u3002 \u4ee5\u4e0a\u4e09\u500b\u56de\u6e2c\u7d50\u679c\u4e5f\u8aaa\u660e\uff0c\u9ec3\u91d1\u5e02\u5834\u7684\u6548\u7387\u504f\u9ad8\uff0c\u96e3\u4ee5\u55ae\u7d14\u5229\u7528\u50f9\u683c\u6578\u64da\u5e6b\u52a9\u9810\u6e2c\u8da8\u52e2\u3002\u539f\u56e0\u662f\u5168\u7403\u6295\u8cc7\u8005\u90fd\u53ef\u4ee5\u9032\u5165\u9ec3\u91d1\u73fe\u8ca8\u3001\u671f\u8ca8\u3001\u671f\u6b0a\u7b49\u5e02\u5834\uff0c\u4ee4\u6240\u6709\u50f9\u683c\u90fd\u6703\u8da8\u5411\u5408\u7406\u503c\u3002 \u6240\u4ee5\uff0c\u5169\u5927\u65b9\u5411\u5427\uff1a\u4e00\u3001\u5229\u7528\u5176\u4ed6\u9ad8\u76f8\u95dc\u6027\u5546\u54c1\u7684\u56de\u5831\u4f5c\u70basignal\uff0c\u6216\u8005\u5229\u7528\u9ec3\u91d1\u884d\u751f\u5de5\u5177\u5e02\u5834\u7684\u6578\u64da\uff0c\u4e0d\u8981\u518d\u55ae\u7d14\u4f7f\u7528\u80a1\u3001\u50b5\u7684\u50f9\u683c\u6578\u64da\u4e86\u3002 \uff08\u6b64\u6587\u70ba7\u67083\u65e5\u523010\u65e5\u7684\u5c08\u6b04\uff0c\u9072\u4e86\u9ede\u4e0d\u597d\u610f\u601d\uff09"}