Na trhoch sa dej\u00fa veci, akcie klesaj\u00fa. A nie m\u00e1lo. V Spojen\u00fdch \u0161t\u00e1toch o viac ako 15%, v Eur\u00f3pe viac, a niekde e\u0161te viac. Zase tu m\u00e1me korekciu, mo\u017eno medved\u00ed trh. Dlhopisy nezar\u00e1baj\u00fa prakticky ni\u010d, stimul\u00e1cia ekonomiky nie\u010do stoj\u00ed. Komodity s\u00fa e\u0161te z\u00e1bavnej\u0161\u00ed pr\u00edbeh\u2026 Tankujem diesel a te\u0161\u00ed ma to. Plus so z\u00e1ujmom sledujem \u0161achov\u00fa partiu \u0165a\u017eiarov ropy pri prich\u00e1dzaj\u00facom imperat\u00edve obnovite\u013en\u00fdch energi\u00ed a ve\u013ekom osobnom vklade Elona Muska. Tento pr\u00edbeh n\u00e1s bav\u00ed. Ceny komod\u00edt s\u00fa v dramatickom poklese. \u010c\u00edna, a pomal\u00e1 konjunkt\u00fara EU, a\u2026 Trhy sa k\u00fapu v mnoh\u00fdch odtie\u0148och \u010dervenej. Ale nie o tom som chcel.<\/p>\n
Zase tu m\u00e1me iracion\u00e1lne konanie v\u00e4\u010d\u0161iny investorov – prakticky nikto nenakupuje. Ve\u013ea investorov rozm\u00fd\u0161\u013ea o predaji svojich akt\u00edv, ob\u00e1va sa. Toto je rovnak\u00e9 naprie\u010d svetom (vypred\u00e1va sa v\u0161ade) a klientsk\u00fdmi segmentami – tu s\u00fa si bohat\u00ed a str\u00e1datelia rovn\u00ed, nerozhoduje vek klienta ani jeho investi\u010dn\u00e1 kompetencia\u2026 a st\u00e1le sa to opakuje. Pritom v\u0161etko r\u00e1cio je na strane konania opa\u010dn\u00e9ho. Pre\u010do je to tak? Aj ke\u010f to nie je pr\u00ednosn\u00e9, je to pochopite\u013en\u00e9 konanie. V \u010dom s\u00fa pr\u00ed\u010diny?<\/p>\n
Akt\u00edva \u010di majetok s\u00fa v\u00fdsledkom tvrdej pr\u00e1ce alebo \u0161\u0165astia. Jedno m\u00e1 svoje limity – peniaze, ktor\u00e9 strat\u00edme, je zarobi\u0165 sp\u00e4\u0165 ve\u013emi \u0165a\u017ek\u00e9. No a \u0161\u0165astie druh\u00fdkr\u00e1t na na\u0161ej strane nemus\u00ed by\u0165. Riskova\u0165 je neprirodzen\u00e9 a cie\u013eom nie je strati\u0165. Neb\u00e1\u0165 sa v situ\u00e1cii, ke\u010f z ka\u017edej strany prich\u00e1dzaj\u00fa inform\u00e1cie o mo\u017enom zlom v\u00fdvoji, eskal\u00e1cii nap\u00e4tia a \u010diernych perspekt\u00edvach je \u0165a\u017ek\u00e9. A \u0165a\u017ek\u00e9 zvl\u00e1dne m\u00e1lokto. Av\u0161ak b\u00e1\u0165 sa je aj drah\u00e9. Straty bolia. \u010co s t\u00fdm? Pom\u00f4\u017eem si cit\u00e1tom, aj ke\u010f zaznel v in\u00fdch s\u00favislostiach: \u201eNebojte sa!\u201c Toto je \u0161tandardn\u00fd v\u00fdvoj. Bolo, je a bude to tu. V takomto obdob\u00ed u\u017e nepred\u00e1vajte. Ak m\u00e1te diverzifikovan\u00e9 portf\u00f3lio, je to rozumn\u00e1 strat\u00e9gia.<\/p>\n
Peniaze z\u00edskavame kv\u00f4li spotrebe, \u010di u\u017e vlastnej alebo niekoho in\u00e9ho. Sam\u00e9 o sebe nemaj\u00fa pre n\u00e1s v\u00fdznam. Invest\u00edcia je odlo\u017een\u00e1 spotreba. \u010c\u00edm dlh\u0161ie je odlo\u017een\u00e1, t\u00fdm viac je iluz\u00f3rna. Peniaze nesk\u00f4r s\u00fa hor\u0161ie ako peniaze sk\u00f4r. Ak v\u00e1m niekto odlo\u017e\u00ed v\u00fdplatu, milova\u0165 ho nebudete. To v\u0161etko je pochopite\u013en\u00e9. Av\u0161ak neracion\u00e1lne pri investovan\u00ed. \u010cas je pre va\u0161u invest\u00edciu blahodarn\u00fd. \u010co s t\u00fdm? Na kr\u00e1tko neinvestujte – to nie je invest\u00edcia. M\u00e1m rad\u0161ej poker, v rovnakom \u010dase s\u00fa va\u0161e \u0161ance lep\u0161ie a viac z\u00e1le\u017eia na va\u0161ich kompetenci\u00e1ch. Dodr\u017eujte investi\u010dn\u00fd horizont a invest\u00edciou sa po\u010das jeho plynutia nezaoberajte. Tu je matematika va\u0161\u00edm priate\u013eom. Ak m\u00e1te diverzifikovan\u00fa invest\u00edciu a spr\u00e1vcu, ktor\u00fd existuje desa\u0165ro\u010dia, funguje to.<\/p>\n
Ve\u013ea zarobi\u0165 te\u0161\u00ed, vysok\u00fd v\u00fdnos je lep\u0161\u00ed ako men\u0161\u00ed a chamtivos\u0165 je dobr\u00e1 \u2013 hovor\u00ed Gordon Gekko. A ak aj s n\u00edm nes\u00fahlas\u00edme, ur\u010dite je duchom progresu; motiv\u00e1ciou nie jedn\u00e9ho nosite\u013ea pokroku. Av\u0161ak pri investovan\u00ed nie je va\u0161im priate\u013eom. T\u00fdm je primeran\u00e1 miera zisku. Na za\u010diatku\u00a0najlep\u0161ej bondovky (Casino Royale) na ot\u00e1zku, \u010di ver\u00ed v boha, Le Chiffre (bank\u00e1r svetov\u00fdch teroristov, ako ho pomenuje M) odpoved\u00e1 \u201ever\u00edm v primeran\u00fa mieru zisku.\u201c Ja dod\u00e1vam, \u010d\u00edslo, ktor\u00e9 je pri jednotliv\u00fdch triedach akt\u00edv ve\u013emi dobr\u00e9\u2026 na investi\u010dnom horizonte. K\u00fapi\u0165 nie\u010do lacn\u00e9 je v\u00fdhodn\u00e9. Ak kupujeme auto, telef\u00f3n alebo \u010doko\u013evek, spr\u00e1vame sa racion\u00e1lne. Nie v\u0161ak pri investovan\u00ed. O najlacnej\u0161ie akt\u00edva, t.j. akt\u00edva v poklese nie je z\u00e1ujem. \u010co s t\u00fdm? Kupujte, ke\u010f je to lacn\u00e9, alebo e\u0161te lep\u0161ie, kupujte pravidelne. Tu sa nem\u00f4\u017eete pom\u00fdli\u0165.<\/p>\n
<\/p>\n
Kona\u0165 racion\u00e1lne, ovl\u00e1da\u0165 svoju chamtivos\u0165, neb\u00e1\u0165 sa po\u010das trhov\u00fdch otrasov, by\u0165 trpezliv\u00fd. Ak by to bolo \u013eahk\u00e9, dialo by sa to. Av\u0161ak deje sa opak, spr\u00e1vna strat\u00e9gia a jej dodr\u017eiavanie s\u00fa \u0165a\u017ek\u00e9. Rovnako ako ak\u00e9ko\u013evek in\u00e9 zar\u00e1banie pe\u0148az\u00ed. Av\u0161ak in\u00e9 cesty k cie\u013eu neved\u00fa. Dr\u017e\u00edm v\u00e1m palce, aby ste sa nabud\u00face rozhodli racion\u00e1lne. A ak nechcete by\u0165 racion\u00e1lny, tak neinvestujte. Rad\u0161ej peniaze mi\u0148te, pom\u00f4\u017eete zelenej (farbe rast\u00facich trhov).<\/p>\n
<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
V posledn\u00fdch d\u0148och \u010dasto dost\u00e1vam ot\u00e1zku, \u010di preda\u0165 v minulosti nak\u00fapen\u00e9 akt\u00edva. Strach znova ovl\u00e1da investorov. Odpove\u010f je dlh\u0161ia a \u0165a\u017ek\u00e1. Pok\u00fasim sa. Na trhoch<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-5752","post","type-post","status-publish","format-standard","hentry","category-archiv","two-columns"],"_links":{"self":[{"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/posts\/5752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/comments?post=5752"}],"version-history":[{"count":0,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/posts\/5752\/revisions"}],"wp:attachment":[{"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/media?parent=5752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/categories?post=5752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/instrid.sk\/en\/wp-json\/wp\/v2\/tags?post=5752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}