華爾街的賺錢經(jīng) 第16期:年齡不同 投資策略不同(1)
Investment Tactics Depend on the Age Difference
年齡不同，投資策略不同
In recent months, the stock market has rebounded, but most of our nest eggs have still lost a lot of money since the market topped out in 2007.
近幾個月來，股市出現(xiàn)了反彈，但自2007年股市見頂以來，我們大部分儲蓄仍損失慘重。
Alas, there's no such thing as a risk-free approach to rebuilding your nest egg. Super safe may feel nice, but it pays no returns over time. A few of us are in a position to live off a super-safe approach, but most of us are trying to figure out how to get back on track.
世上沒有毫無鳳險就能重建儲蓄的方法。超級安全或許感覺不錯，但是隨著時間的推移卻沒有分文的回報。我們中有小部分人可以靠超級安全的方法過活，但大部分人仍在努力尋找重回正軌的方法。
Figuring out how to deal with your retirement portfolio depends on where you are in your life. Time is perhaps the most important element in building or rebuilding a portfolio. That's one reason we're breaking down this nest-egg analysis into age groupings, aiming to give people some ideas that suit their current situation.
應(yīng)該如何處理自己的退休投資組合，取決于你所處的人生階段。在建立或重建投資組合時，時間或許是最重要的一個因素。這也正是本文按不同年齡段進(jìn)行儲蓄分析的原因之一，旨在讓人們明白符合自己當(dāng)前狀況的一些點子。
Under40
不到40歲
If you are under 40, consider yourself lucky. Two things are working in your favor. First, time-if you have enough of it-can heal wounds. The stock market will eventually recover and grow. Second, by saving early-which you should definitely be doing-you get the benefit of compounding, wherein early gains are built upon.
如果你還不到40歲，那你算是幸運的。你有兩項優(yōu)勢。首先，如果你有足夠時間的話，時間能治療傷痛。股市最終將復(fù)蘇并實現(xiàn)增長。其次，通過早早的攢錢(你現(xiàn)在應(yīng)該正在這樣做)，你會獲得“滾雪球”式的好處，早期的收益就是建立在這個基礎(chǔ)上的。
You also want to take a long view of the investment arena. A lot of growth in coming years is expected to come from overseas, especially in emerging markets. Tim Medley of Medley & Brown Financial Advisers in Ridgeland, Miss. says, "clients should have at least 35% of their stock holdings in non-U.S. stock funds".
你還應(yīng)該長遠(yuǎn)地看待投資地點。預(yù)計未來幾年的很多增長將來自海外，特別是新興市場。密西西比州 Medley & Brown Financial Advisers的麥德利說，“客戶應(yīng)該至少有35%的股票資產(chǎn)投在非美國股票基金上”。
In terms of risk, emerging-markets funds are more volatile than overseas funds that focus on developed economies like Japan or Western Europe. That volatility is emblematic of the risk in this cohort of funds. But as a younger investor, you want to have a bit more risk exposure, since greater risk tends to translate into greater returns over the long term.
說到風(fēng)險，新興市場基金比專注于日本或西歐這類發(fā)達(dá)經(jīng)濟(jì)體的海外基金的波動性更大。這種波動性代表了這類基金存在的風(fēng)險。不過，作為一名較年輕的投資者，你應(yīng)該擁有多一些的風(fēng)險敞口，因為從長遠(yuǎn)來看，更大的風(fēng)險往往意味著更高的回報。
Also, given your long-term outlook, the drop in share prices is an opportunity. Great long-term investors, such as Warren Buffett, believe that U.S. stock prices are still a relative bargain, even after the recent bounce-back in the major averages.
此外，鑒于你長線投資的戰(zhàn)略，股價的下跌是一個機(jī)會。像巴菲特這樣出色的長線投資者認(rèn)為，即使是在最近主要股指都有所反彈之后，美國股價仍相對較低。
"For younger people, the best place to be is in well-selected stock mutual funds," Mr. Medley says.
麥德利說，“對于較年輕的人來說，最佳的投資目標(biāo)是精選的股票共同基金”。
40 to 55
40~55歲
Once you enter this age range, you are starting to move from the aggressive stance of your youth to something a bit more measured. At the same time, you are entering a very important savings period since you likely are at the height of your earning power.
一旦進(jìn)入這個年齡段，你就開始從年輕時的激進(jìn)立場轉(zhuǎn)向更為深思熟慮的立場。與此同時，由于你很可能正處于賺錢的巔峰狀態(tài)，這個年齡段也是一個非常重要的攢錢期。
"First, people have reacted to the market downturn by reducing the amount of money they' re saving and investing," says Mark Bonhard, an investment adviser with Dawson Wealth Management in Cleveland. "Second, they've started changing their strategy without good reason.
克利夫蘭Dawson Wealth Management投資顧問伯恩哈德說，“首先，人們通過減少儲蓄額和投資額對市場的低迷作出了反應(yīng)。其次，他們開始在沒有充分理由的情況下改變策略。
