{"id":25959,"date":"2021-10-05T12:32:31","date_gmt":"2021-10-05T04:32:31","guid":{"rendered":"https:\/\/\/?p=25959"},"modified":"2022-10-20T13:50:57","modified_gmt":"2022-10-20T05:50:57","slug":"what-is-dogs-of-the-dow-strategy","status":"publish","type":"post","link":"https:\/\/\/what-is-dogs-of-the-dow-strategy\/","title":{"rendered":"\u9053\u74ca\u72d7\u80a1(Dogs of the Dow)\u7b56\u7565\u662f\u4ec0\u9ebc\uff1f\u6295\u8cc7\u7e3e\u6548\u597d\u55ce\uff1f\u5be6\u6e2c\u7e3e\u6548\u6578\u64da\u6574\u7406"},"content":{"rendered":"<!-- \/367108978\/Rich01_PC_up_728x90 -->\n\t<div class='div-gpt-ad-css' id='div-gpt-ad-1564472272479-0' style='width: 728px; height: 90px;'>\n\t  <script>\n\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1564472272479-0'); });\n\t  <\/script>\n\t<\/div><p><img decoding=\"async\" class=\"alignnone size-full wp-image-25960\" src=/index.html"https:\/\/\/wp-content\/uploads\/20210929140451_52.jpg\" alt=\"\u9053\u74ca\u72d7\u80a1(Dogs of the Dow)\u7b56\u7565\u662f\u4ec0\u9ebc\uff1f\u6295\u8cc7\u7e3e\u6548\u597d\u55ce\uff1f\u5be6\u6e2c\u7e3e\u6548\u6578\u64da\u5927\u516c\u958b\" width=\"1500\" height=\"745\" \/><\/p>\n<p>\u5728\u6295\u8cc7\u4e0a\u6709\u4e00\u500b\u8457\u540d\u7684\u7406\u8ad6\u53eb\u505a <strong>\u9053\u74ca\u72d7<\/strong>(Dogs of the Dow)\uff0c<br \/>\n\u9019\u500b\u7406\u8ad6\u662f\u57281990\u5e74\u4ee3\u7531\u83ef\u723e\u8857\u7684\u57fa\u91d1\u7d93\u7406\u4ebaMichael B. O\u2019Higgins \u8207 John Downes \u6240\u63d0\u51fa\uff0c<br \/>\n\u4e26\u51fa\u7248\u4e86\u4e00\u672c\u66f8\u540d\u70ba\u300a\u6230\u52dd\u9053\u74ca\u300b(Beating the Dow)\u3002<\/p>\n<p>\u9019\u500b\u7406\u8ad6\u4e4b\u6240\u4ee5\u98a8\u9761\u5168\u7403\u662f\u56e0\u70ba\u5b83\u975e\u5e38\u7684\u7c21\u55ae\u6613\u61c2\uff0c<br \/>\n\u4e14\u7576\u6642\u6709\u4eba\u505a\u4e861990\u5e74\u4ee3\u4ee5\u524d\u7684\u6578\u64da\u56de\u6e2c\uff0c\u8b49\u660e\u9019\u500b\u7406\u8ad6\u78ba\u5be6\u53ef\u4ee5\u8d0f\u904e\u9053\u74ca\u6307\u6578\u7684\u5831\u916c\u7387\u3002<\/p>\n<p>\u57281973\u52301996\u5e74\u9593\uff0c\u9053\u74ca\u5de5\u696d\u5e73\u5747\u6307\u6578\u7684\u5e74\u5316\u5831\u916c\u7387\u662f11.9%\uff0c<br \/>\n\u4f46\u662f\u7528\u9053\u74ca\u72d7\u80a1\u6295\u8cc7\u7d44\u5408\u7684\u5e74\u5316\u5831\u916c\u7387\u537b\u53ef\u9ad8\u905417.7%\uff0c\u807d\u8d77\u4f86\u76f8\u7576\u5438\u5f15\u4eba\uff0c<\/p>\n<p>\u4ee4\u4eba\u597d\u5947\u7684\u662f\uff0c\u9019\u6a23\u7684\u6295\u8cc7\u7b56\u7565\u5230\u4e8621\u4e16\u7d00\u662f\u5426\u4ecd\u7136\u9069\u7528\uff1f<br \/>\n\u9019\u7bc7\u6587\u7ae0\u5e02\u5834\u5148\u751f\u6703\u544a\u8a34\u4f60\uff1a<\/p>\n<ol>\n<li><span style=\"font-size: 16px;\">\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u662f\u4ec0\u9ebc\u610f\u601d\uff1f<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u6b77\u5e74\u7e3e\u6548\u56de\u6e2c<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u9053\u74ca\u72d7\u9078\u80a1\u7b56\u7565\u61c9\u7528\u5728S&amp;P500\u6307\u6578\u4e0a\u7684\u7814\u7a76<\/span><\/li>\n<\/ol>\n<p><!--more--><\/p>\n<h2><strong>\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u662f\u4ec0\u9ebc\u610f\u601d\uff1f<\/strong><\/h2>\n<p><a href=/index.html"https:\/\/\/what-dow-jones-index\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u9053\u74ca\u5de5\u696d\u5e73\u5747\u6307\u6578<\/a>(\u7c21\u7a31\u9053\u6307)\uff0c\u662f\u753130\u6a94\u6210\u5206\u80a1\u7d44\u6210\uff0c\u4ee3\u8868\u4e86\u7f8e\u570b\u6700\u5927\u4e14\u6700\u77e5\u540d\u768430\u5bb6\u516c\u53f8\uff0c<br \/>\n\u5176\u52a0\u6b0a\u65b9\u6cd5\u662f\u63a1\u7528\u300c<a href=/index.html"https:\/\/\/etf-weighting-6\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u80a1\u50f9\u52a0\u6b0a\u6cd5<\/a>\u300d\u3002<br \/>\n\u96d6\u7136\u6307\u6578\u540d\u7a31\u6709\u5de5\u696d\u5169\u500b\u5b57\uff0c\u4f46\u662f\u73fe\u4eca\u591a\u6578\u69cb\u6210\u4f01\u696d\u4e2d\u4e0d\u8207\u91cd\u5de5\u696d\u76f8\u95dc\u3002<\/p>\n<p>\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u5c31\u662f\u300c\u5728\u524d\u4e00\u5e74\u5ea6\u7684\u6700\u5f8c\u4e00\u5929\uff0c\u8a08\u7b9730\u652f\u9053\u74ca\u6210\u5206\u80a1\u7684<a href=/index.html"https:\/\/\/what-is-dividend-yield\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u80a1\u606f\u6b96\u5229\u7387<\/a>\uff0c<br \/>\n\u7136\u5f8c\u5c07\u6b96\u5229\u7387\u6700\u9ad8\u7684\u524d10\u652f\u80a1\u7968\u505a\u70ba\u6295\u8cc7\u7d44\u5408\uff0c\u5728\u65b0\u7684\u5e74\u5ea6\u7b2c\u4e00\u5929\u5c07\u901910\u652f\u80a1\u7968\u7b49\u6bd4\u4f8b\u8cb7\u5165\uff0c<br \/>\n\u7136\u5f8c\u5c31\u4e0d\u505a\u4efb\u4f55\u52d5\u4f5c\uff0c\u4e00\u76f4\u5230\u8a72\u5e74\u5ea6\u7684\u6700\u5f8c\u4e00\u5929\u518d\u5c07\u80a1\u7968\u8ce3\u51fa\u300d\uff0c<\/p>\n<blockquote><p><strong>\u7c21\u55ae\u4f86\u8aaa\uff0c\u9053\u74ca\u72d7\u7b56\u7565\u5c31\u662f\u6311\u6b96\u5229\u7387\u6700\u9ad8\u768410\u652f\u80a1\u7968\uff0c\u5e74\u521d\u8cb7\u3001\u5e74\u5e95\u8ce3\u3002<\/strong><\/p><\/blockquote>\n<p>\u9019\u500b\u7b56\u7565\u7684\u4e2d\u5fc3\u7406\u5ff5\u662f\uff0c\u56e0\u70ba\u9053\u74ca\u6210\u5206\u80a1\u90fd\u662f\u9ad4\u8cea\u597d\u7684\u8d85\u5927\u578b\u4f01\u696d\uff0c<br \/>\n\u6240\u4ee5\u5b83\u5047\u8a2d\u9019\u4e9b\u85cd\u7c4c\u80a1\u4e0d\u6703\u6839\u64da\u4ea4\u6613\u7684\u72c0\u6cc1\u53bb\u6539\u8b8a\u5b83\u7684\u80a1\u606f\uff0c\u56e0\u6b64\u80a1\u606f\u662f\u8861\u91cf\u516c\u53f8\u5e73\u5747\u50f9\u503c\u7684\u6307\u6a19\u3002<br \/>\n\u76f8\u8f03\u4e4b\u4e0b\uff0c\u80a1\u7968\u50f9\u683c\u6703\u5728\u6574\u500b\u5546\u696d\u5468\u671f\u4e2d\u6ce2\u52d5\uff0c<br \/>\n\u6240\u4ee5<strong>\u5982\u679c\u6b96\u5229\u7387\u8d8a\u9ad8\uff0c\u4ee3\u8868\u80a1\u50f9\u8d8a\u53ef\u80fd\u88ab\u4f4e\u4f30\uff0c\u672a\u4f86\u6709\u8f03\u9ad8\u7684\u6a5f\u6703\u53ef\u4ee5\u7372\u5f97\u8d85\u984d\u5831\u916c\u3002<\/strong><\/p>\n<p>\u6b64\u5916\uff0c\u9084\u6709\u884d\u751f\u51fa\u7684\u9053\u74ca\u5c0f\u72d7\u80a1(Small Dogs of the Dow)\u7b56\u7565\uff0c<br \/>\n\u5c31\u662f\u5728\u9053\u74ca\u72d7\u80a1\u768410\u652f\u80a1\u7968\u7576\u4e2d\uff0c\u9078\u51fa\u80a1\u50f9\u6700\u4f4e\u76845\u6a94\u80a1\u7968\u3002<br \/>\n(\u4f46\u6211\u8a8d\u70ba\u6a23\u672c\u5c0f\u7684\u60c5\u6cc1\u5176\u5be6\u7d71\u8a08\u610f\u7fa9\u66f4\u52a0\u8584\u5f31\u3002\u904e\u53bb\u67d0\u4e9b\u6642\u5019\u6230\u52dd\u6307\u6578\u4e0d\u4ee3\u8868\u672a\u4f86\u4e5f\u80fd\u5982\u6b64\u3002)<\/p>\n<p><strong>2021\u5e74\u9053\u74ca\u72d7\u7684\u6210\u5206\u80a1\u5982\u4e0b\uff1a<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-25961\" src=/index.html"https:\/\/\/wp-content\/uploads\/20210929140841_40.jpg\" alt=\"2021\u5e74\u9053\u74ca\u72d7\u7684\u6210\u5206\u80a1\" width=\"451\" height=\"645\" \/><\/p>\n<h3><strong>\u8d85\u984d\u5831\u916c\u662f\u4f86\u81ea\u6b0a\u91cd\u5f71\u97ff\u9084\u662f\u6b96\u5229\u7387\u9ad8\u4f4e\uff1f<\/strong><\/h3>\n<p>\u56e0\u70ba\u9053\u74ca\u72d7\u662f\u5e73\u5747\u8cb710\u6a94\u80a1\u7968\uff0c\u901910\u6a94\u662f\u5e73\u5747\u6b0a\u91cd\uff0c\u800c\u4e0d\u662f\u50cf\u9053\u74ca\u6307\u6578\u4e00\u6a23\u6839\u64da<a href=/index.html"https:\/\/\/etf-weighting-6\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u80a1\u50f9\u52a0\u6b0a\u6b0a\u91cd<\/a>\u53bb\u8cb7\uff0c<br \/>\n\u5982\u679c\u9053\u74ca\u72d7\u7684\u9078\u80a1\u7b56\u7565\u771f\u7684\u53ef\u4ee5\u7372\u5f97\u8d85\u984d\u5831\u916c\uff0c\u90a3\u9ebc\u6211\u5011\u53ef\u4ee5\u63a2\u8a0e\u4e00\u4e0b\uff0c<br \/>\n\u9019\u500b\u8d85\u984d\u5831\u916c\u662f\u5b8c\u5168\u4f86\u81ea\u4f4e\u6b96\u5229\u7387\u55ce\uff1f\u6709\u6c92\u6709\u53ef\u80fd\u662f\u4f86\u81ea\u6b0a\u91cd\u5f71\u97ff\u5462\uff1f<\/p>\n<p>\u5e02\u5834\u5148\u751f\u4ee5EDOW(\u9053\u74ca30\u6a94\u7b49\u6b0a\u91cdETF\uff0c\u6bcf\u6a94\u6210\u5206\u80a1\u5360\u6bd41\/30\uff0c\u6bcf\u5b63\u518d\u5e73\u8861)\uff0c<br \/>\n\u8ddf<a href=/index.html"https:\/\/\/what-dow-jones-index\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">DIA(\u9053\u74ca\u5de5\u696d\u6307\u6578\u5e73\u5747ETF)<\/a>\u9019\u5169\u6a94ETF\u4f86\u6bd4\u8f03\uff0c<br \/>\n\u7d50\u679c\u767c\u73fe\u5169\u8005\u5831\u916c\u5f88\u63a5\u8fd1\u3001\u5dee\u7570\u4e0d\u5927(\u5982\u4e0b\u5716)\uff0c<br \/>\n\u6240\u4ee5\u9019\u6a23\u5c31\u53ef\u4ee5<strong>\u6392\u9664\u6389\u6b0a\u91cd\u7684\u5f71\u97ff\u3002<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone wp-image-25962\" src=/index.html"https:\/\/\/wp-content\/uploads\/20210929141103_65.jpg\" alt=\"EDOW \u8207DIA \u5169\u8005\u5831\u916c\u8d70\u52e2\u63a5\u8fd1\" width=\"837\" height=\"506\" srcset=\"https:\/\/\/wp-content\/uploads\/20210929141103_65.jpg 1820w, https:\/\/\/wp-content\/uploads\/20210929141103_65-1536x929.jpg 1536w\" sizes=\"(max-width: 837px) 100vw, 837px\" \/><\/p>\n<h3><strong>\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u7684\u6b63\u53cd\u5169\u6d3e\u8aaa\u6cd5<\/strong><\/h3>\n<p>\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u554f\u4e16\u5f8c\uff0c\u6709\u8a31\u591a\u5b78\u8005\u91dd\u5c0d\u6b64\u7b56\u7565\u9032\u884c\u7814\u7a76\uff0c<br \/>\n\u6709\u4e00\u6d3e\u7684\u5b78\u8005\u8a8d\u70ba\u9019\u500b\u65b9\u6cd5\u662f\u53ef\u4ee5\u6253\u6557\u6307\u6578\u7684\uff0c\u4e5f\u6709\u53e6\u4e00\u6d3e\u7684\u5b78\u8005\u6301\u76f8\u53cd\u770b\u6cd5\uff0c<br \/>\n\u4f8b\u5982Mark Hirschey\u5728\u5176\u7814\u7a76\u5831\u544a<a href=/index.html"https:\/\/econpapers.repec.org\/article\/blafinrev\/v_3a35_3ay_3a2000_3ai_3a2_3ap_3a1-15.htm\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">The \u201cDogs of the Dow\u201d Myth<\/a> (\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u8ff7\u601d)\u5c31\u63d0\u5230\uff0c<br \/>\n\u9053\u74ca\u72d7\u9078\u80a1\u7b56\u7565\u660e\u986f\u8868\u73fe\u51fa\u8272\u7684\u6642\u671f\u88ab\u660e\u986f\u8868\u73fe\u4e0d\u4f73\u7684\u6642\u671f\u6240\u5e73\u8861\u6389\uff0c<br \/>\n\u4e14\u5982\u679c\u8003\u616e\u7a05\u6536\u3001\u518d\u5e73\u8861\u6210\u672c\u53bb\u8abf\u6574\u6b64\u7b56\u7565\u7684\u5831\u916c\u7387\u6642\uff0c\u6b64\u7b56\u7565\u8868\u73fe\u4e26\u6c92\u6709\u512a\u65bc\u5927\u76e4\u8ddf\u6307\u6578\u3002<\/p>\n<h2><strong>\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u6b77\u5e74\u7e3e\u6548\u56de\u6e2c<\/strong><\/h2>\n<p><strong>\u57282000\u5e74\u4ee5\u524d\uff0c\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u53ef\u4ee5\u660e\u986f\u5730\u6253\u6557\u5927\u76e4\uff0c<br \/>\n\u4f46\u9019\u500b\u7b56\u7565\u523021\u4e16\u7d00\u5f8c\u662f\u5426\u4ecd\u7136\u6709\u6548\u5462\uff1f<\/strong><\/p>\n<p>\u57281973\u52301996\u5e74\u9593\uff0c\u9053\u74ca\u5de5\u696d\u5e73\u5747\u6307\u6578\u7684\u5e74\u5316\u5831\u916c\u7387\u662f11.9%\uff0c<br \/>\n\u4f46\u662f\u7528\u9053\u74ca\u72d7\u80a1\u6295\u8cc7\u7d44\u5408\u7684\u5e74\u5316\u5831\u916c\u7387\u537b\u53ef\u9ad8\u905417.7%\uff0c<\/p>\n<p>\u4f462000\u5e74\u4e4b\u5f8c\uff0c\u6210\u6548\u5982\u4f55\u5462\uff1f<\/p>\n<p>\u70ba\u4e86\u7372\u5f97\u7b54\u6848\uff0c\u6211\u5011\u64f7\u53d6\u4e862000\u5e74\u81f32020\u5e74\u517121\u5e74\u7684\u6578\u64da\u4f86\u770b\uff0c<br \/>\n\u5206\u5225\u6bd4\u8f03\u5404\u5e74\u5ea6\u9053\u74ca\u72d7\u80a1\u3001<a href=/index.html"https:\/\/\/what-dow-jones-index\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u9053\u74ca\u5de5\u696d\u6307\u6578<\/a>\u53ca<a href=/index.html"https:\/\/\/what-is-sp500-index\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u6a19\u666e500\u6307\u6578<\/a>\u7684\u5831\u916c\u7387\u3002<\/p>\n<p><strong>\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u6b77\u5e74\u7e3e\u6548\u56de\u6e2c\uff1a<\/strong><\/p>\n<table dir=\"ltr\" border=\"1\" cellspacing=\"0\" cellpadding=\"0\">\n<colgroup>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"100\" \/>\n<col width=\"244\" \/>\n<col width=\"144\" \/>\n<col width=\"252\" \/><\/colgroup>\n<tbody>\n<tr>\n<td colspan=\"6\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u6b77\u5e74\u7e3e\u6548\u56de\u6e2c&quot;}\">\n<h3 style=\"text-align: center;\"><strong>\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u6b77\u5e74\u7e3e\u6548\u56de\u6e2c<\/strong><\/h3>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u5e74\u4efd&quot;}\"><strong>\u5e74\u4efd<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9053\u74ca\u72d7\u80a1\\n (A)&quot;}\"><strong>\u9053\u74ca\u72d7\u80a1<\/strong><br \/>\n<strong>(A)<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9053\u74ca\u5de5\u696d\u6307\u6578\\n (B)&quot;}\"><strong>\u9053\u74ca\u5de5\u696d\u6307\u6578<\/strong><br \/>\n<strong>(B)<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9053\u74ca\u72d7\u80a1\u8207\u9053\u74ca\u5de5\u696d\u6307\u6578\u76f8\u6bd4\\n (A)-(B)&quot;}\"><strong>\u9053\u74ca\u72d7\u80a1\u8207\u9053\u74ca\u5de5\u696d\u6307\u6578\u76f8\u6bd4<\/strong><br \/>\n<strong>(A)-(B)<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u6a19\u666e500\u6307\u6578\\n (C)&quot;}\"><strong>\u6a19\u666e500\u6307\u6578<\/strong><br \/>\n<strong>(C)<\/strong><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u9053\u74ca\u72d7\u80a1\u8207\u6a19\u666e500\u6307\u6578\u76f8\u6bd4\\n (A)-(B)&quot;}\"><strong>\u9053\u74ca\u72d7\u80a1\u8207\u6a19\u666e500\u6307\u6578\u76f8\u6bd4<\/strong><br \/>\n<strong>(A)-(B)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2020}\">2020<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.126}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-12.60%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.072}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">7.20%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.198}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-19.80%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.184}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">18.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.31}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-31.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2019}\">2019<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.155}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">15.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.223}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">22.30%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.068}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-6.80%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.315}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">31.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.16}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-16.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2018}\">2018<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">0.00%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.037}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-3.70%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.037}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">3.70%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.046}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-4.60%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.046}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">4.60%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2017}\">2017<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.194}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">19.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.251}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">25.10%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.057}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-5.70%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.189}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">18.90%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.005}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">0.50%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2016}\">2016<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.161}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">16.10%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.134}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">13.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.027}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">2.70%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.095}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">9.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.066}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">6.60%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2015}\">2015<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.012}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-1.20%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.022}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-2.20%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.01}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">1.00%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.009}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-0.90%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.003}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-0.30%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2014}\">2014<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.07}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">7.00%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.075}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">7.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.005}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-0.50%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.114}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">11.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.044}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-4.40%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2013}\">2013<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.303}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">30.30%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.281}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">28.10%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.022}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">2.20%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.318}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">31.80%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.015}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-1.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2012}\">2012<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.057}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">5.70%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.073}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">7.30%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.016}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-1.60%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.134}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">13.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.077}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-7.70%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2011}\">2011<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.122}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">12.20%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.055}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">5.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.067}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">6.70%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">0.00%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.122}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">12.20%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2010}\">2010<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.155}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">15.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.11}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">11.00%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.045}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">4.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.128}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">12.80%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.027}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">2.70%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2009}\">2009<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.129}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">12.90%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.188}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">18.80%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.059}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-5.90%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.235}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">23.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.106}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-10.60%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2008}\">2008<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.416}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-41.60%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.335}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-33.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.081}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-8.10%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.385}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-38.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.031}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-3.10%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2007}\">2007<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.014}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-1.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.064}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">6.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.078}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-7.80%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.035}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">3.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.049}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-4.90%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2006}\">2006<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.303}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">30.30%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.191}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">19.10%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.112}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">11.20%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.158}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">15.80%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.145}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">14.50%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2005}\">2005<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.051}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-5.10%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.017}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">1.70%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.068}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-6.80%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.049}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">4.90%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.1}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-10.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2004}\">2004<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.044}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">4.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.053}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">5.30%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.009}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-0.90%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.109}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">10.90%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.065}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #ff0000;\">-6.50%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2003}\"><span style=\"color: #000000;\">2003<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.287}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #000000;\">28.70%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.283}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #000000;\">28.30%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.004}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #000000;\">0.40%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.287}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #000000;\">28.70%<\/span><\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\"><span style=\"color: #000000;\">0.00%<\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2002}\">2002<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.089}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-8.90%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.15}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-15.00%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.061}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">6.10%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.221}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-22.10%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.132}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">13.20%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2001}\">2001<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.049}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-4.90%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.054}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-5.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.005}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">0.50%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.119}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-11.90%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.07}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">7.00%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:2000}\">2000<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.064}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">6.40%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.047}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-4.70%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.111}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">11.10%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:-0.092}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">-9.20%<\/td>\n<td style=\"text-align: center;\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.156}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">15.60%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;\" colspan=\"6\" rowspan=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;\u8cc7\u6599\u4f86\u6e90\uff1aMoney-Zine \u8cc7\u6599\u6574\u7406\uff1aMr.Market\u5e02\u5834\u5148\u751f&quot;}\" data-sheets-textstyleruns=\"{&quot;1&quot;:0}\uee10{&quot;1&quot;:5,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\uee10{&quot;1&quot;:15}\uee10{&quot;1&quot;:23,&quot;2&quot;:{&quot;2&quot;:{&quot;1&quot;:2,&quot;2&quot;:1136076},&quot;9&quot;:1}}\" data-sheets-hyperlinkruns=\"{&quot;1&quot;:5,&quot;2&quot;:&quot;https:\/\/money-zine.com\/investing\/stocks\/dogs-of-the-dow\/&quot;}\uee10{&quot;1&quot;:15}\uee10{&quot;1&quot;:23,&quot;2&quot;:&quot;https:\/\/\/&quot;}\uee10{&quot;1&quot;:36}\"><span style=\"font-size: 14px;\">\u8cc7\u6599\u4f86\u6e90\uff1a<a class=\"in-cell-link\" href=/index.html"https:\/\/money-zine.com\/investing\/stocks\/dogs-of-the-dow\/\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">Money-Zine<\/a> \u8cc7\u6599\u6574\u7406\uff1a<a class=\"in-cell-link\" href=/index.html"https:\/\/\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">Mr.Market\u5e02\u5834\u5148\u751f<\/a><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left;\">\u5f9e\u4e0a\u8868\u53ef\u4ee5\u770b\u51fa\uff1a<\/p>\n<ul>\n<li><span style=\"font-size: 16px;\">\u6bd4\u8f03\u9053\u74ca\u72d7\u80a1\u8ddf\u9053\u74ca\u5de5\u696d\u6307\u6578\uff0c\u904e\u53bb21\u5e74\u9593(2000~2020)\uff0c\u5171\u670910\u5e74\u9053\u74ca\u72d7\u80a1\u5831\u916c\u7387\u662f\u6bd4\u9053\u74ca\u5de5\u696d\u6307\u6578\u5dee\u7684\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u6bd4\u8f03\u9053\u74ca\u72d7\u80a1\u8ddf\u6a19\u666e500\u6307\u6578\u7684\u8a71\uff0c\u904e\u53bb21\u5e74\u9593(2000~2020)\uff0c\u5171\u670911\u5e74\u9053\u74ca\u72d7\u80a1\u5831\u916c\u7387\u662f\u6bd4\u9053\u74ca\u5de5\u696d\u6307\u6578\u5dee\u7684\u3002<\/span><\/li>\n<\/ul>\n<p>\u6574\u9ad4\u4f86\u8aaa\uff0c<br \/>\n<strong>\u9053\u74ca\u72d7\u7b56\u7565\u5728\u904e\u53bb21\u5e74\u9593\uff0c\u8868\u73fe\u597d\u58de\u53c3\u534a\uff0c\u4e26\u6c92\u6709\u660e\u986f\u64ca\u6557\u5927\u76e4\u7684\u8868\u73fe<\/strong>\uff0c<\/p>\n<table width=\"304\">\n<tbody>\n<tr>\n<td colspan=\"3\" width=\"304\" data-sheets-value=\"{&quot;1&quot;:3,&quot;3&quot;:0.156}\" data-sheets-numberformat=\"{&quot;1&quot;:3,&quot;2&quot;:&quot;0.00%&quot;,&quot;3&quot;:1}\">2000~2020 \u9053\u74ca\u72d7vs\u9053\u74ca\u5de5\u696d\u6307\u6578\u5831\u916c<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\u7b56\u7565<\/td>\n<td style=\"text-align: center;\">\u7e3d\u5831\u916c<\/td>\n<td style=\"text-align: center;\">\u5e74\u5316\u5831\u916c\u7387<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\u9053\u74ca\u72d7\u7b56\u7565<\/td>\n<td style=\"text-align: center;\">162.9%<\/td>\n<td style=\"text-align: center;\">4.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;\">\u9053\u74ca\u5de5\u696d\u6307\u6578<\/td>\n<td style=\"text-align: center;\">219.5%<\/td>\n<td style=\"text-align: center;\">5.7%<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\">\u8cc7\u6599\u6574\u7406\uff1aMr.Market\u5e02\u5834\u5148\u751f<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>\u5f9e\u7e3d\u5831\u916c\u4f86\u770b\uff0c\u9053\u74ca\u72d7\u7b56\u7565\u5728\u8fd121\u5e74\u4e5f\u7565\u8f38\u5927\u76e4\u3002<br \/>\n\u5176\u4e2d\u4e3b\u8981\u5f71\u97ff\u4f86\u81ea\u65bc2020\u5e74\u9053\u74ca\u72d7\u7b56\u7565\u843d\u5f8c\u9053\u74ca\u6307\u6578-31%\uff0c<\/p>\n<p>\u5982\u679c\u6392\u9664\u4e0d\u8003\u616e2020\u5e74\uff0c\u5169\u8005\u5176\u5be6\u6700\u7d42\u5831\u916c\u662f\u5f88\u63a5\u8fd1\u7684\u3002<\/p>\n<p><strong>\u9053\u74ca\u72d7\u7684\u554f\u984c\uff1a\u4e0d\u5920\u5206\u6563<\/strong><\/p>\n<p>\u7576\u9047\u5230\u5e02\u5834\u5927\u8dcc\uff0c\u59822008\u5e74\u53ca2020\u5e74\uff0c\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u7684\u8868\u73fe\u6703\u66f4\u5dee\u3002<br \/>\n\u63a2\u7a76\u5176\u539f\u56e0\uff0c\u56e0\u5176\u6210\u5206\u80a1\u53ea\u670910\u652f\uff0c\u5206\u6563\u98a8\u96aa\u7684\u80fd\u529b\u76f8\u5c0d\u8f03\u5dee\u3002<\/p>\n<p>2020\u5e74\u65b0\u51a0\u80ba\u708e\u767c\u751f\u5f8c\uff0c\u8a31\u591a\u7522\u696d\u53d7\u707d\u6158\u91cd\uff0c<br \/>\n\u7136\u800c\u4e5f\u6709\u4e9b\u7522\u696d\u53d7\u60e0\u65bc\u75ab\u60c5\u53cd\u800c\u8868\u73fe\u826f\u597d\uff0c\u5982\u679c\u6210\u5206\u80a1\u591a\uff0c\u98a8\u96aa\u6703\u8f03\u65bc\u5206\u6563\uff0c<br \/>\n\u4f46\u7576\u5e74\u5ea6\u9053\u74ca\u72d7\u6210\u5206\u80a110\u652f\u4e2d\u5c31\u67092\u652f\u662f\u80fd\u6e90\u7522\u696d(Exxon\u53caChevron)\uff0c<br \/>\n\u5c6c\u65bc\u75ab\u60c5\u4e0b\u91cd\u5275\u7684\u7522\u696d\uff0c\u56e0\u6b64\u62d6\u7d2f\u4e86\u6574\u9ad4\u8868\u73fe\u3002<\/p>\n<blockquote><p>\u5e02\u5834\u5148\u751f\u63d0\u793a\uff1a2021\u5e74\u6642\uff0c\u9019\u4e9b2020\u5e74\u5927\u8dcc\u7684\u80fd\u6e90\u80a1\u4e5f\u51fa\u73fe\u5de8\u5927\u7684\u53cd\u5f48\u4e0a\u6f32\uff0c<br \/>\n\u6240\u4ee52020\u5e74\u7684\u843d\u5f8c\uff0c\u4e5f\u8a31\u6703\u57282021\u5e74\u88dc\u56de\u53bb\uff0c\u4f46\u64b0\u6587\u7576\u4e0b2021\u5e74\u5c1a\u672a\u7d50\u675f\uff0c\u56e0\u6b64\u6c92\u5217\u51fa\u6578\u64da\u3002<\/p>\n<p>\u4f46\u6211\u5011\u4f9d\u7136\u53ef\u4ee5\u5f97\u5230\u7684\u7d50\u8ad6\u662f\uff1a\u9053\u74ca\u72d7\u7b56\u7565\uff0c\u8868\u73fe\u548c\u9053\u74ca\u6307\u6578\u5dee\u4e0d\u591a\uff0c\u4e26\u7121\u986f\u8457\u52dd\u904e\u6307\u6578\uff08\u4e5f\u6c92\u6709\u986f\u8457\u843d\u5f8c\uff09\u3002<\/p><\/blockquote>\n<h2>\u9053\u74ca\u72d7\u9078\u80a1\u7b56\u7565\u61c9\u7528\u5728<a href=/index.html"https:\/\/\/what-is-sp500-index\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">S&amp;P500\u6307\u6578<\/a>\u4e0a\u7684\u7814\u7a76<\/h2>\n<p>\u65e2\u7136\u9019\u500b\u9078\u80a1\u7b56\u7565\u53ef\u4ee5\u61c9\u7528\u5728\u9053\u74ca\u5de5\u696d\u6307\u6578\u4e0a\uff0c<br \/>\n\u90a3\u9ebc\u5982\u679c\u61c9\u7528\u5728\u6a19\u666e500\u6307\u6578(S&amp;P500)\u4e0a\u7d50\u679c\u53c8\u662f\u5982\u4f55\u5462\uff1f<\/p>\n<p>\u54e5\u502b\u5e03\u5dde\u7acb\u5927\u5b78\u7684\u7814\u7a76\u751fAutumn Wilson\u57282018\u5e74\u66fe\u767c\u8868\u4e00\u7bc7\u8ad6\u6587<br \/>\n\u201dThe Dogs of the Dow Strategy Applied to the S&amp;P 500\u201d(\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u61c9\u7528\u5728\u6a19\u666e500\u6307\u6578\u4e4b\u7814\u7a76)\uff0c<\/p>\n<p>\u4ed6\u7684\u7814\u7a76\u65b9\u5f0f\u662f\u5f9eS&amp;P500\u6210\u5206\u80a1\u4e2d\u768411\u500b<a href=/index.html"https:\/\/\/gics-vs-icb-industry-classify\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7522\u696d\u5206\u985e\u985e\u5225<\/a>\uff0c<br \/>\n\u6311\u51fa\u6bcf\u500b\u7522\u696d\u985e\u5225\u4e2d\u80a1\u606f\u6b96\u5229\u7387\u6700\u9ad8\u76845\u6a94\u80a1\u7968\uff0c<br \/>\n\u56e0\u6b64\u5171\u670955\u6a94\u80a1\u7968\uff0c\u7a31\u4e4b\u70baSector Dog Portfolio(\u7522\u696d\u72d7\u6295\u8cc7\u7d44\u5408)\uff0c<\/p>\n<p>\u7136\u5f8c\u518d\u62ff\u9019\u500b\u6295\u8cc7\u7d44\u5408\u7684\u8868\u73fe\u8ddf\u9053\u74ca\u72d7\u80a1\u6295\u8cc7\u7d44\u5408\u53caS&amp;P500\u6307\u6578\u7684\u8868\u73fe\u505a\u6bd4\u8f03\uff0c<br \/>\n\u7814\u7a76\u5340\u9593\u70ba2000\u5e74\u81f32017\u5e74\uff0c\u7d71\u8a08\u7d50\u679c\u767c\u73fe\uff1a<\/p>\n<ol>\n<li><span style=\"font-size: 16px;\">\u7522\u696d\u72d7\u6295\u8cc7\u7d44\u5408\u548c\u9053\u74ca\u72d7\u6295\u8cc7\u7d44\u5408\u5728\u5831\u916c\u7387\u4e0a\u6bd4S&amp;P500\u6307\u6578\u597d\uff0c\u7279\u5225\u662f\u7522\u696d\u72d7\u6295\u8cc7\u7d44\u5408\u5177\u6709\u7d71\u8a08\u4e0a\u7684\u986f\u8457\u5dee\u7570(\u5982\u4e0b\u5716)\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u7522\u696d\u72d7\u6295\u8cc7\u7d44\u5408\u5728\u5831\u916c\u7387\u4e0a\u6bd4\u9053\u74ca\u72d7\u6295\u8cc7\u7d44\u5408\u597d\uff0c\u4f46\u4e26\u4e0d\u5177\u7d71\u8a08\u4e0a\u7684\u986f\u8457\u5dee\u7570\u3002\u610f\u601d\u662f\u50c5\u6709\u597d\u4e00\u9ede\u9ede\uff0c\u6c92\u6709\u986f\u8457\u8d0f\u7279\u5225\u591a\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u7522\u696d\u72d7\u6295\u8cc7\u7d44\u5408\u7684\u590f\u666e\u6bd4\u7387\u6bd4\u9053\u74ca\u72d7\u6295\u8cc7\u7d44\u5408\u53caS&amp;P500\u6307\u6578\u9ad8\uff0c\u4f46\u662f\u4e26\u4e0d\u5177\u6709\u7d71\u8a08\u4e0a\u7684\u986f\u8457\u5dee\u7570\uff0c\u610f\u601d\u5c31\u662f\u7522\u696d\u72d7\u6295\u8cc7\u7d44\u5408\u5728\u540c\u6a23\u98a8\u96aa\u4e0b\u7372\u53d6\u7684\u8f03\u9ad8\u5831\u916c\uff0c\u53ef\u80fd\u53ea\u662f\u5de7\u5408\u800c\u5df2\u3002<\/span><\/li>\n<\/ol>\n<p><strong>\u5c0f\u7d50\uff1a\u5f9eS&amp;P500\u6307\u6578\u5404\u7522\u696d\u4e2d\uff0c\u9078\u64c7\u5404\u7522\u696d\u6b96\u5229\u7387\u6700\u9ad8\u7684\u80a1\u7968\u7d44\u5408\uff0c\u6700\u7d42\u4e26\u6c92\u6709\u986f\u8457\u52dd\u904e\u5927\u76e4\u3002<\/strong><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-26165\" src=/index.html"https:\/\/\/wp-content\/uploads\/20211003125619_82.jpg\" alt=\"\u9053\u74ca\u72d7 \u7522\u696d\u72d7\" width=\"1279\" height=\"1181\" \/><\/p>\n<blockquote><p>\u5e02\u5834\u5148\u751f\u63d0\u793a\uff1a\u5c0d\u65bc\u4e0a\u8ff0\u7522\u696d\u72d7\u7684\u7814\u7a76\u65b9\u5f0f\uff0c\u6709\u500b\u554f\u984c\u53ef\u4ee5\u601d\u8003\u3002<\/p>\n<p>\u7f8e\u570b11\u5927\u7522\u696d\uff0c\u5404\u7522\u696d\u7684\u898f\u6a21\u3001\u80a1\u7968\u6a94\u6578\uff0c\u5176\u5be6\u5dee\u7570\u5de8\u5927\u3002<br \/>\n\u4f8b\u5982\u539f\u6750\u6599\u3001\u516c\u7528\u4e8b\u696d\uff0c\u5c31\u5c6c\u65bc\u76f8\u5c0d\u5c0f\u7684\u7522\u696d\uff0c\u898f\u6a21\u9060\u5c0f\u65bc\u79d1\u6280\u696d\u3001\u751f\u6280\u696d\u597d\u5e7e\u500d\u3002<\/p>\n<p>\u6240\u4ee5\u5f9e\u6bcf\u500b\u7522\u696d\u4e2d\u90fd\u5404\u9078\u64c75\u6a94\u6578\u7684\u9ad8\u6b96\u5229\u7387\u80a1\u7968\uff0c\u512a\u9ede\u5728\u65bc\u6709\u8003\u616e\u5230\u5404\u7522\u696d\u7684\u60c5\u6cc1\uff0c\u907f\u514d\u4e0d\u540c\u7522\u696d\u7279\u6027\u76f4\u63a5\u505a\u6bd4\u8f03\u3002\u7f3a\u9ede\u5247\u662f\u6c92\u6709\u8003\u616e\u5404\u7522\u696d\u539f\u672c\u4e4b\u9593\u898f\u6a21\u5dee\u7570\uff0c\u4e00\u4e9b\u898f\u6a21\u5927\u3001\u80a1\u7968\u6a94\u6578\u591a\u7684\u7522\u696d\uff0c\u4f9d\u7136\u53ea\u9078\u64c75\u6a94\u80a1\u7968\uff0c\u6703\u5927\u5e45\u52a0\u91cd\u5c0f\u7522\u696d\u7684\u5f71\u97ff\u6b0a\u91cd\u3002<\/p><\/blockquote>\n<h2>\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u6295\u8cc7\u7e3e\u6548\u597d\u55ce\uff1f<\/h2>\n<ol>\n<li><span style=\"font-size: 16px;\">\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u5c31\u662f\u5728\u9053\u74ca\u5de5\u696d\u5e73\u5747\u6307\u657830\u6a94\u6210\u5206\u80a1\u4e2d\uff0c\u6311\u80a1\u606f\u6b96\u5229\u7387\u6700\u9ad8\u768410\u652f\u80a1\u7968\uff0c\u7136\u5f8c\u5e74\u521d\u8cb7\uff0c\u5e74\u5e95\u8ce3\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u9053\u74ca\u72d7\u7b56\u7565\u5047\u8a2d\u80a1\u606f\u662f\u8861\u91cf\u516c\u53f8\u5e73\u5747\u50f9\u503c\u7684\u6307\u6a19\uff0c\u5982\u679c\u6b96\u5229\u7387\u8d8a\u9ad8\uff0c\u4ee3\u8868\u80a1\u50f9\u8d8a\u53ef\u80fd\u88ab\u4f4e\u4f30\uff0c\u672a\u4f86\u6709\u8f03\u9ad8\u7684\u6a5f\u6703\u53ef\u4ee5\u7372\u5f97\u8d85\u984d\u5831\u916c\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u6b77\u53f2\u6578\u64da\u56de\u6e2c\u7684\u7d50\u679c\uff0c\u5728\u67d0\u4e9b\u5e74\u5ea6\uff0c\u9053\u74ca\u72d7\u80a1\u7b56\u7565\u78ba\u5be6\u80fd\u5920\u6253\u6557\u6307\u6578\uff0c\u4f46\u662f\u4e5f\u6709\u4e9b\u5e74\u5ea6\u8868\u73fe\u4e0d\u5982\u6307\u6578\uff0c\u4e26\u6c92\u6709\u660e\u986f\u7684\u8da8\u52e2\u986f\u793a\u80fd\u5920\u9577\u671f\u7372\u5f97\u8d85\u984d\u5831\u916c\u30022000\u5e74\u4ee5\u524d\u9053\u74ca\u72d7\u7b56\u7565\u9577\u671f\u7e3e\u6548\u6709\u52dd\u904e\u5927\u76e4\u6307\u6578\uff0c\u4f462000\u5e74\u5f8c\u5c31\u6c92\u6709\u986f\u8457\u52dd\u904e\uff0c\u5927\u7565\u5c31\u662f\u63a5\u8fd1\u5927\u76e4\u6307\u6578\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u56e0\u70ba\u9078\u80a1\u53ea\u670910\u6a94\u7684\u539f\u56e0\uff0c\u98a8\u96aa\u4e0d\u5920\u5206\u6563\uff0c\u56e0\u6b64\u5728\u5e02\u5834\u5927\u8dcc\u6642\u6709\u53ef\u80fd\u6703\u8868\u73fe\u66f4\u5dee\uff0c\u59822020\u5e74\u7684\u65b0\u51a0\u75ab\u60c5\u3002<\/span><\/li>\n<li><span style=\"font-size: 16px;\">\u6709\u4eba\u66fe\u505a\u904e\u7522\u696d\u72d7\u7814\u7a76\uff0c\u9078\u64c7\u5404\u7522\u696d\u4e2d\u4f4e\u6b96\u5229\u7387\u7684\u80a1\u7968\uff0c\u4f86\u7d44\u6210\u6295\u8cc7\u7d44\u5408\uff0c\u4f46\u6700\u7d42\u6210\u679c\u6c92\u6709\u986f\u8457\u52dd\u904e\u5927\u76e4(\u4f46\u4e5f\u6c92\u6709\u843d\u5f8c)\u3002<\/span><\/li>\n<\/ol>\n<h2><strong>\u5e02\u5834\u5148\u751f\u89c0\u9ede\uff1a\u5206\u4eab\u5f9e\u9053\u74ca\u72d7\u7b56\u7565\u4e2d\uff0c\u6211\u7684\u4e00\u4e9b\u5fc3\u5f97\u8207\u601d\u8003<\/strong><\/h2>\n<p><strong>1. \u9ad8\u6b96\u5229\u7387\u662f\u5426\u6bd4\u8f03\u597d\uff1f\u7b54\u6848\u662f\u5426\u5b9a\u7684\u3002<\/strong><\/p>\n<p>\u5be6\u969b\u4e0a\uff0c\u8a31\u591a\u8b49\u64da\u90fd\u986f\u793a\uff0c\u9ad8\u6b96\u5229\u7387\u4f3c\u4e4e\u6c92\u6709\u6bd4\u8f03\u597d\u3002<br \/>\n\u5728\u9053\u74ca\u72d7\u7b56\u7565\u7684\u7d71\u8a08\u4e2d\u5370\u8b49\u4e86\u9019\u9ede\uff0c\u5f9e\u6578\u64da\u4e2d\u53ef\u4ee5\u770b\u5230\uff1a<strong>\u9ad8\u6b96\u5229\u7387\u80a1\u7968\u6709\u6642\u597d\u3001\u6709\u6642\u4e0d\u597d\uff0c\u9577\u671f\u6c92\u6709\u986f\u8457\u512a\u52e2\u3002<\/strong><\/p>\n<p>\u5373\u4f7f\u4f60\u628a\u7bc4\u570d\u7e2e\u5c0f\u5728\u512a\u8cea\u7684\u5927\u516c\u53f8\uff0c\u5982\u9053\u74ca\u6210\u5206\u80a1\u3001S&amp;P500\u6307\u6578\uff0c\u4e5f\u4f9d\u7136\u5982\u6b64\u3002<\/p>\n<p>\u7576\u7136\uff0c\u6211\u5011\u4e0d\u80fd\u8aaa\u6b96\u5229\u7387\u5b8c\u5168\u6c92\u7528\uff0c\u4e5f\u8a31\u5b83\u642d\u914d\u5176\u4ed6\u6307\u6a19\u6703\u6709\u7528\u3002\u4f46\u81f3\u5c11\u5f9e\u76ee\u524d\u7e3d\u7d50\u7684\u7d93\u9a57\u4f86\u770b\uff0c\u55ae\u7368\u770b\u6b96\u5229\u7387\u662f\u6c92\u7528\u7684\u3002<\/p>\n<p><strong>2. \u4eba\u5011\u5728\u8ac7\u9ad8\u6b96\u5229\u7387\u6642\uff0c\u5176\u5be6\u4e0d\u662f\u5728\u8ac7\u80a1\u5229\uff0c\u800c\u662f\u5728\u8ac7\u50f9\u683c<\/strong><\/p>\n<blockquote><p><a href=/index.html"https:\/\/\/blog-post_63\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u73fe\u91d1\u6b96\u5229\u7387<\/a>\uff1d\u8fd1\u4e00\u5e74\u73fe\u91d1\u80a1\u5229\uff0f\u80a1\u50f9<\/p><\/blockquote>\n<p>\u8a31\u591a\u4eba\u7528\u9ad8\u6b96\u5229\u7387\u9078\u80a1\u6642\uff0c\u53ef\u80fd\u4ee5\u70ba\u81ea\u5df1\u662f\u5728\u770b\u6b96\u5229\u7387\u3001\u770b\u80a1\u5229\uff0c<\/p>\n<p>\u4f46\u5927\u591a\u4f01\u696d\u7684\u80a1\u5229\u672c\u4f86\u5c31\u4e0d\u6703\u5287\u70c8\u8b8a\u5316\u3002<br \/>\n\u56e0\u6b64\u5be6\u969b\u4e0a\uff0c\u6211\u5011\u53ea\u662f\u5728\u770b\u50f9\u683c\u9ad8\u4f4e\u800c\u5df2\uff1a<strong>\u9053\u74ca\u72d7\u7b56\u7565\uff0c\u672c\u8cea\u4f9d\u7136\u662f\u5728\u8cb7\u76f8\u5c0d\u4fbf\u5b9c\u7684\u80a1\u7968<\/strong>\u3002<br \/>\n\u53ea\u662f\u9019\u500b\u4fbf\u5b9c\u7684\u8861\u91cf\u65b9\u5f0f\uff0c\u662f\u7528\u76f8\u5c0d\u80a1\u5229\u4f86\u505a\u9328\u5b9a\u3002<\/p>\n<p>\u80a1\u5229\u5728\u9053\u74ca\u72d7\u7b56\u7565\u4e2d\u4e26\u4e0d\u662f\u6700\u91cd\u8981\u7684\u4e8b\u60c5\uff0c\u5982\u679c\u4eca\u5929\u4f60\u628a\u9053\u74ca\u72d7\u4e2d\u7684\u6b96\u5229\u7387\u63db\u6210\u672c\u76ca\u6bd4\uff0c<br \/>\n\u6703\u6709\u4e9b\u5dee\u7570\uff0c\u4f46\u610f\u7fa9\u4e0a\u5176\u5be6\u662f\u4e00\u6a23\u7684\uff0c\u4f9d\u7136\u662f\u5728\u5c0b\u627e\u4fbf\u5b9c\u7684\u80a1\u7968\uff0c\u53ea\u662f\u63db\u6210\u9328\u5b9a\u76c8\u9918\u3002<\/p>\n<p><strong>3. \u7b56\u7565\u7684\u6709\u6548\u6027\uff0c\u6703\u96a8\u6642\u9593\u6539\u8b8a<\/strong><\/p>\n<p>\u4ee5\u9053\u74ca\u72d7\u70ba\u4f8b\uff0c2000\u5e74\u4ee5\u524d\uff0c\u9ad8\u6b96\u5229\u7387\u9019\u6307\u6a19\u6709\u6548\u3002\u4f46\u57282000\u5e74\u4ee5\u5f8c\u4f3c\u4e4e\u5c31\u4e0d\u90a3\u9ebc\u6709\u7528\u3002<br \/>\n\u9019\u9ede\u5728\u5f88\u591a\u7b56\u7565\u9a57\u8b49\u4e0a\u90fd\u9047\u5230\u904e\uff0c\u6709\u4e9b\u4ee5\u524d\u6709\u7528\u7684\u7b56\u7565\u73fe\u5728\u4e0d\u518d\u90a3\u9ebc\u6709\u7528\u3002<\/p>\n<p>\u539f\u56e0\u5f88\u591a\u7a2e\uff0c\u6295\u8cc7\u4eba\u6539\u8b8a\u3001\u5e02\u5834\u7d44\u6210\u7684\u4f01\u696d\u985e\u578b\u6539\u8b8a\u3001\u6295\u8cc7\u6c1b\u570d\u6539\u8b8a\u7b49\u7b49\u3002<\/p>\n<p>\u4ee5\u50f9\u503c\u6295\u8cc7\u805e\u540d\u7684\u80a1\u795e\u5df4\u83f2\u7279\uff0c\u7e3e\u6548\u4e5f\u6709\u985e\u4f3c\u7684\u60c5\u6cc1\uff0c2000\u5e74\u4ee5\u524d\u7684\u9577\u671f\u5e74\u5316\u5831\u916c\u9060\u52dd\u5927\u76e4\uff0c2000\u5e74\u5f8c\u5247\u53ea\u6709\u63a5\u8fd1\u5927\u76e4\uff0c<br \/>\n\u9019\u7d50\u679c\u662f\u4e0d\u662f\u548c\u9053\u74ca\u72d7\u7b56\u7565\u5f88\u985e\u4f3c\u5462\uff1f<\/p>\n<p>\u672a\u4f86\u9019\u4e9b\u7b56\u7565\u6703\u4e0d\u6703\u91cd\u65b0\u53c8\u8b8a\u5f97\u6709\u6548\uff1f\u6211\u4e26\u4e0d\u77e5\u9053\u3002<\/p>\n<p>\u4f46\u9019\u4e9b\u60c5\u6cc1\u90fd\u8aaa\u660e\u4e86\uff0c\u96a8\u8457\u6642\u9593\u6539\u8b8a\uff0c\u67d0\u4e9b\u985e\u578b\u7684\u7b56\u7565\u5f88\u53ef\u80fd\u4e0d\u518d\u6709<a href=/index.html"https:\/\/\/what-is-alpha-beta-with-risk\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u8d85\u984d\u5831\u916c<\/a>\u3002<\/p>\n<p><strong>4. \u6578\u64da\u63a1\u7528\u3001\u4ee5\u53ca\u7d71\u8a08\u6a23\u672c\u6709\u6548\u6027<\/strong><\/p>\n<p>\u9053\u74ca\u72d7\u5728\u7d71\u8a08\u4e0a\u6709\u5e7e\u500b\u554f\u984c\uff0c\u7b2c\u4e00\u500b\u554f\u984c\u5c31\u662f<strong>\u6a23\u672c\u6578<\/strong>\u5f88\u5c0f\uff0c<br \/>\n30\u6a94\u80a1\u7968\u88e1\u9762\u907810\u6a94\u80a1\u7968\uff0c\u5373\u4f7f\u7b97\u51fa\u4f86\u6709\u986f\u8457\u512a\u52e2\uff0c\u6211\u5011\u4ecd\u5f88\u96e3\u8aaa\u9019\u662f\u5177\u6709\u7d71\u8a08\u6548\u529b\uff0c\u9084\u662f\u55ae\u7d14\u904b\u6c23\u3002<\/p>\n<p>\u5176\u6b21\uff0c\u5373\u4fbf\u65e9\u5e74\u7684\u6578\u64da\u5f97\u51fa\u9053\u74ca\u72d7\u7b56\u7565\u6709\u6548\uff0c\u4f46\u9019\u8aaa\u660e\u9078\u9ad8\u6b96\u5229\u7387\u6709\u6548\u55ce\uff1f\u4f9d\u7136\u662f\u6709\u7591\u616e\u7684\u3002<\/p>\n<p>\u56e0\u70ba\u7f8e\u570b\u6709\u5f88\u5927\u6bd4\u4f8b\u7684\u4f01\u696d\uff0c\u5be6\u969b\u4e0a\u662f\u4e0d\u767c\u80a1\u5229\u7684\uff0c<\/p>\n<p>\u6211\u7d71\u8a08\u64b0\u6587\u7576\u4e0b\uff0c<br \/>\n\u9053\u74ca\u5de5\u696d\u6307\u657830\u6a94\u6210\u5206\u80a1\uff0c\u5247\u662f\u670927\u6a94\u6703\u767c\u80a1\u5229\uff0c\u4f5490%\u3002<br \/>\nS&amp;P500\u6307\u6578505\u6a94\u6210\u5206\u80a1\uff0c\u5247\u662f\u6709393\u6a94\u6703\u767c\u80a1\u5229\uff0c\u4f5478%\u3002<br \/>\n\u4f46\u7f8e\u570b8294\u6a94\u5927\u5927\u5c0f\u5c0f\u7684\u516c\u53f8\uff0c\u50c5\u67093821\u6a94\u80a1\u7968\u6709\u767c\u80a1\u5229\uff0c\u50c546%\uff0c<br \/>\n\u7bc4\u570d\u7e2e\u5c0f\u5230\u5e02\u503c100\u5104\u5143\u4ee5\u4e0a\u7684907\u6a94\u5927\u578b\u80a1\uff0c\u5247\u6709602\u6a94\u80a1\u7968\u6709\u767c\u80a1\u5229\uff0c\u4f5466%\u3002<\/p>\n<p>\u610f\u601d\u662f\uff0c\u81f3\u5c11\u6709\u4e09\u5206\u4e4b\u4e00\u5230\u4e09\u5206\u4e4b\u4e8c\u7684\u80a1\u7968\uff0c\u5728\u6bd4\u8f03\u6642\u4e0d\u6703\u88ab\u9053\u74ca\u72d7\u7b56\u7565\u9078\u51fa\u4f86\u3002<\/p>\n<p><strong>\u7c21\u55ae\u4f86\u8aaa\uff1a\u9053\u74ca\u72d7\u7b56\u7565\u5373\u4f7f\u6709\u7528\uff0c\u4e0d\u4ee3\u8868\u9ad8\u6b96\u5229\u7387\u9078\u80a1\u6709\u7528\u3002<\/strong><br \/>\n\u9053\u74ca\u72d7\u7b56\u7565\u7684\u8a55\u4f30\u9078\u80a1\u65b9\u5f0f\uff0c\u4e5f\u8a31\u539f\u672c\u5c31\u53ea\u9069\u7528\u5728\u4e00\u90e8\u4efd\u516c\u53f8\uff0c\u800c\u4e0d\u662f\u6240\u6709\u4f01\u696d\u90fd\u9069\u7528\u9ad8\u6b96\u5229\u7387\u9078\u80a1\u3002<\/p>\n<p><strong>5. \u5206\u6563\u6295\u8cc7\u662f\u6709\u610f\u7fa9\u7684<\/strong><\/p>\n<p>\u9053\u74ca\u72d7\u7b56\u7565\u4e5f\u8a31\u5728\u904e\u53bb\uff0c\u8207\u5927\u76e4\u6709\u8f38\u6709\u8d0f\uff0c\u4f46\u57282020\u5e74\u51fa\u73fe\u5de8\u5927\u7684\u843d\u5f8c(\u5118\u7ba12021\u6709\u53cd\u5f48)\uff0c<br \/>\n\u9019\u986f\u793a\u51fa\u96c6\u4e2d\u5c11\u91cf\u80a1\u7968\u6703\u7522\u751f\u7684\u98a8\u96aa\u3002<\/p>\n<p>\u4efb\u4f55\u7b56\u7565\uff0c\u5373\u4fbf\u9577\u671f\u6709\u67d0\u4e9b\u7d71\u8a08\u512a\u52e2\uff0c\u4f46\u4e00\u65e6\u96c6\u4e2d\u6295\u8cc7\uff0c\u6210\u679c\u5c31\u5bb9\u6613\u5927\u8d77\u5927\u843d\uff0c<br \/>\n\u9019\u53d6\u6c7a\u65bc\u4f60\u671f\u5f85\u600e\u6a23\u7684\u7d50\u679c\uff0c<\/p>\n<p>\u5982\u679c\u4f60\u6709\u66f4\u597d\u7684\u65b9\u6cd5\uff0c\u4e26\u4e14\u8db3\u5920\u4fe1\u5fc3\u8a8d\u70ba\u5b83\u53ef\u4ee5\u6709\u597d\u6210\u6548\uff0c\u90a3\u91cd\u62bc\u3001\u96de\u86cb\u653e\u5728\u540c\u4e00\u500b\u7c43\u5b50\u4e26\u770b\u597d\u5b83\uff0c\u5c31\u662f\u500b\u7406\u6027\u7684\u9078\u64c7\u3002<br \/>\n\u53cd\u4e4b\uff0c\u6709\u4e00\u5b9a\u7a0b\u5ea6\u7684\u5206\u6563\u6295\u8cc7\uff0c\u96d6\u7136\u5c11\u6578\u6210\u6548\u597d\u7684\u6a19\u7684\u4f54\u6bd4\u8b8a\u5c11\uff0c\u4f46\u5c11\u6578\u6709\u554f\u984c\u7684\u6a19\u7684\u4f54\u6bd4\u4e5f\u540c\u6a23\u8b8a\u5c11\u3002<\/p>\n<p>&nbsp;<\/p>\n<p>\u6700\u5f8c\uff0c<br \/>\n\u5982\u679c\u60f3\u770b\u5e02\u5834\u5148\u751f\u5206\u4eab\u66f4\u591a\u6578\u64da\u7d71\u8a08\uff0c<br \/>\n\u53ef\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/blog-page_5\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6295\u8cc7\u7d71\u8a08\u7814\u7a76<\/a><\/p>\n\n<p>\u984d\u5916\u5206\u4eab\u5e7e\u7bc7\u76f8\u95dc\u7684\u6587\u7ae0\uff1a<\/p>\n<p>1.\u00a0<a href=/index.html"https:\/\/\/how-buy-etfs\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u5982\u4f55\u8cb7\u9032ETF\uff1f\u5f9e\u958b\u6236\u5230\u4e0b\u55ae\u5168\u6559\u5b78<\/a><\/p>\n<p>2.\u00a0<a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u6295\u8cc7\u7f8e\u80a1\u8a72\u9078\u64c7\u54ea\u5bb6\u5238\u5546\u958b\u6236\uff1f<\/a><\/p>\n<p>3.\u00a0<a href=/index.html"https:\/\/\/fund-01\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u57fa\u91d1\u5165\u9580\u6559\u5b78\u61f6\u4eba\u5305<\/a><\/p>\n<p>4.\u00a0<a href=/index.html"https:\/\/\/jisun-account-588\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u80a1\u7968\u958b\u6236\u300b\u6700\u65b0\u512a\u60e0\u958b\u6236\u6d3b\u52d5\u5206\u4eab<\/a><\/p>\n<p>5.\u00a0<a href=/index.html"https:\/\/\/fund-cnyes-mrmarket\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u57fa\u91d1\u958b\u6236\u300b\u8cb7\u57fa\u91d10\u624b\u7e8c\u8cbb\u7684\u958b\u6236\u512a\u60e0<\/a><\/p>\n\u7de8\u8f2f\uff1aJoy \u4e3b\u7de8\uff1a\u5e02\u5834\u5148\u751f\n<p><strong><span style=\"font-size: 20px;\">\u52a0\u5165\u5e02\u5834\u5148\u751fFB\u793e\u5718\uff0c\u5145\u5be6\u66f4\u591a\u7406\u8ca1\u597d\u77e5\u8b58<\/span><\/strong><\/p>\r\n<p>50\u6b72\u4e4b\u524d\u60f3\u9000\u4f11\u4e00\u5b9a\u8981\u61c2\u7406\u8ca1\uff0c<br \/>\u89e3\u6c7a\u6295\u8cc7\u7684\u7169\u60f1\uff01<\/p>\r\n<p><a href=/index.html"https:\/\/bit.ly\/2NTBOAv\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\"><img decoding=\"async\" class=\"alignnone size-full wp-image-7106\" src=/index.html"https:\/\/\/wp-content\/uploads\/20190824195036_69.gif\" alt=\"\" width=\"687\" height=\"243\" \/><\/a><\/p>\r\n<p>\u6700\u8fd1\u5e02\u5834\u5148\u751f\u958b\u4e86\u4e00\u5802\u7684\u300c<strong>\u7528\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41<\/strong>\u300d\u6559\u5b78\u8ab2\u7a0b\uff0c<br \/>\u9019\u5802\u8ab2\u7a0b\u6703\u5f9e\u57fa\u790e\u5165\u9580\u3001\u8cc7\u6599\u67e5\u8a62\u5230\u5be6\u969b\u64cd\u4f5c\uff0c<br \/>\u6559\u4f60\u5b78\u6703\u5efa\u7acb\u4e00\u500b\u7a69\u5b9a\u7684\u5168\u7403ETF\u6295\u8cc7\u7d44\u5408\uff0c\u76ee\u524d\u7d2f\u7a4d\u5df2\u7d93\u6709\u5c07\u8fd11100\u4f4d\u540c\u5b78\u4e0a\u8ab2\u3002<\/p>\r\n<p>\u7dda\u4e0a\u8ab2\u7a0b\u300b<a href=/index.html"http:\/\/bit.ly\/2FV3hPc\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41\u7dda\u4e0a\u8ab2\u7a0b\u9023\u7d50<\/a><\/p>\n<p><br \/><strong><span style=\"color: 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