學(xué)習(xí)投資，就像學(xué)習(xí)一門新的語(yǔ)言

Learning the basics of investing is like learning a new language. Whether discussing stocks, bonds, and other investment vehicles to structures, entities, and dollar cost averaging, it's no wonder many beginning investors feel like they're in uncharted waters. The good news is that once you have mastered the language and certain investing basics, you'll better understand how much of this works. To assist you on that journey, here is a look at the handful of the most common types of investments you will encounter in your lifetime.

學(xué)習(xí)投資的基本知識(shí)就像學(xué)習(xí)一門新的語(yǔ)言。從討論股票、債券和其他投資工具到結(jié)構(gòu)、實(shí)體和美元平均成本，難怪許多剛開(kāi)始投資的人會(huì)感覺(jué)自己像身處未知的水域一樣。好消息是，一旦你掌握了這門語(yǔ)言和某些投資基礎(chǔ)知識(shí)，你就能很好地理解投資是怎么操作的了。下面是你一生中會(huì)遇到的幾種最常見(jiàn)的投資類型：

Stocks

股票

Bonds

債券

Mutual Funds

共同基金

Real Estate

房地產(chǎn)

We'll also talk about a few other relevant topics, such as the legal entities - limited liability companies and limited partnerships - through which investors tend to make investments in things like hedge funds and private equity funds.

我們還將討論其他一些相關(guān)的話題，比如法律實(shí)體——有限責(zé)任公司和有限合伙企業(yè)——投資者傾向于通過(guò)它們投資對(duì)沖基金和私募股權(quán)基金。

Stocks and Bonds

股票和債券

Without a doubt, owning stocks has been the best way historically to build wealth. And for more than a century, investing in bonds has been considered one of the safest ways to make money. But how do these investments work?

毫無(wú)疑問(wèn)，持有股票是歷史上積累財(cái)富的最佳方式。一個(gè)多世紀(jì)以來(lái)，投資債券被認(rèn)為是最安全的賺錢方式之一。但這些投資是如何運(yùn)作的呢?

Stocks are pretty simple: they're shares of ownership in a specific company. When you own a share of Apple, for example, you own a tiny piece of that company. Stock prices fluctuate with a company's fortunes, and also with the economy at large.

股票其實(shí)相當(dāng)簡(jiǎn)單：它們是某一特定公司的所有權(quán)。例如，當(dāng)你擁有蘋果公司的股份時(shí)，你就擁有了該公司的一小部分。股票價(jià)格隨著公司的財(cái)富和經(jīng)濟(jì)的波動(dòng)而變化。

When you buy a bond, meanwhile, you are lending money to the company or institution that issued it. In the case of a school bond, for instance, you are lending money to the school district to build a new high school or improve classroom conditions. Buying a bond issued by a company means you're lending money to that company, which it can use to grow the business.

與此同時(shí)，當(dāng)你購(gòu)買債券時(shí)，你是在借錢給發(fā)行債券的公司或機(jī)構(gòu)。例如，以學(xué)校債券為例，當(dāng)你購(gòu)買時(shí)，你就把錢借給學(xué)區(qū)了，用來(lái)修建一所新的高中或改善教室條件。購(gòu)買一家公司發(fā)行的債券意味著你把錢借給了這家公司，它可以用來(lái)發(fā)展業(yè)務(wù)。

Investing in Mutual Funds

投資共同基金

One of the most popular ways to own stocks and/or bonds is through mutual funds. In fact, most people are statistically less likely to own individual investments than they are shares of companies through mutual funds held in their 401(k) or Roth IRA.

持有股票和(或)債券最流行的方式之一是通過(guò)共同基金。事實(shí)上，從統(tǒng)計(jì)數(shù)據(jù)來(lái)看，大多數(shù)人不太可能擁有個(gè)人投資，他們通常通過(guò)401(k)或Roth IRA(退休金賬戶)中的共同基金持有公司股票。

Mutual funds offer many benefits to investors, particularly to beginners who are just mastering investing basics. They're pretty easy to understand and allow you to diversify your investments over more companies. However, mutual funds also have a few serious drawbacks: they charge fees, which can eat into your profits, and they may boost your tax bill, even in a year when you don't sell shares.

共同基金為投資者帶來(lái)許多好處，特別是對(duì)剛剛掌握投資基礎(chǔ)知識(shí)的初學(xué)者而言。它們非常容易理解，而且還允許你在更多的公司中分散投資。然而，共同基金也有一些嚴(yán)重的缺點(diǎn)：他們要收取費(fèi)用，這可能會(huì)減少你的利潤(rùn);他們還可能會(huì)增加你的稅收，即使是在你不出售股票的一年內(nèi)。

Real Estate Investments

房地產(chǎn)投資

The world is full of people who are convinced that real estate is the only investment that makes sense. Whether you subscribe to that philosophy or not, there are more ways than ever to add real estate to your portfolio.

世界上到處都是那些相信房地產(chǎn)是唯一有意義的投資的人。不管你認(rèn)同與否，現(xiàn)在有比以往任何時(shí)候都多的方法來(lái)在你的投資組合中加上房地產(chǎn)。

Yes, you can buy a home for yourself, or properties to rent. But you also can purchase a security called a real estate investment trust (REIT), which combines the benefits of stocks with the tangible property of land, shopping malls, apartment buildings, or almost anything else you can imagine.

是的，你可以買來(lái)自己居住，也可以出租給別人。你也可以購(gòu)買一種名為房地產(chǎn)投資信托的證券，它把股票的收益與土地、商場(chǎng)、公寓樓或幾乎任何你能想到的有形資產(chǎn)結(jié)合起來(lái)。

Investing Structures and Entities

投資結(jié)構(gòu)和實(shí)體

When you move beyond stocks, bonds, mutual funds, and real estate, you encounter different types of investment entities. For example, millions of people will never own a share of stock or a bond. Instead, they invest their money in a family business, such a restaurant, retail shop, or rental property. Yes, these are businesses, but you also should consider them investments, and treat them accordingly.

除了股票、債券、共同基金和房地產(chǎn)之外，你還會(huì)遇到不同類型的投資實(shí)體。例如，數(shù)百萬(wàn)人將永遠(yuǎn)不會(huì)持有股票或債券。相反，他們把錢投資于家族企業(yè)，比如餐館、零售店或出租物業(yè)。是的，這些都是企業(yè)商家，但你也應(yīng)該考慮他們的投資，并相應(yīng)地對(duì)待他們。

More experienced investors likely will invest in hedge funds or private equity funds at some point in their life, while others will buy shares of publicly traded limited partnerships through their broker. These special legal structures can have big tax implications for you, and it is important you understand how investing through them can both benefit, and potentially harm your pocketbook.

經(jīng)驗(yàn)豐富的投資者可能在一生中的某個(gè)時(shí)候會(huì)投資對(duì)沖基金或私募股權(quán)基金，而其他人則通過(guò)經(jīng)紀(jì)人購(gòu)買公開(kāi)交易的有限合伙企業(yè)的股票。這些特殊的法律結(jié)構(gòu)可能會(huì)給你帶來(lái)很大的稅務(wù)影響。所以弄明白在此之下的投資是如何盈利的、又有什么風(fēng)險(xiǎn)，就非常重要。

Investing in a Bad Economy

經(jīng)濟(jì)不景氣時(shí)的投資

It's the nature of the world that sometimes bad things happen. When they happen to your investments or savings, you don't need to panic. Sometimes, you need to take a hit before you can make some money again, and holding on until the recession ends is the best plan.

世事難測(cè)，當(dāng)你在投資或儲(chǔ)蓄上出現(xiàn)問(wèn)題時(shí)，不必恐慌。有時(shí)候，你需要先被打擊一次，然后才能再賺些錢。堅(jiān)持到經(jīng)濟(jì)衰退結(jié)束，才是最好的計(jì)劃。