{"id":663857,"date":"2026-09-16T15:32:11","date_gmt":"2026-09-16T07:32:11","guid":{"rendered":"http:\/\/puo.cn\/?p=663857"},"modified":"2026-09-16T15:32:11","modified_gmt":"2026-09-16T07:32:11","slug":"%e5%ae%9a%e6%8a%95%ef%bc%88%e5%ae%9a%e6%9c%9f%e5%ae%9a%e9%a2%9d%e6%8a%95%e8%b5%84%ef%bc%89%e6%98%af%e5%85%8d%e8%b4%b9%e7%9a%84%e5%8d%88%e9%a4%90","status":"publish","type":"post","link":"http:\/\/puo.cn\/?p=663857","title":{"rendered":"\u5b9a\u6295\uff08\u5b9a\u671f\u5b9a\u989d\u6295\u8d44\uff09\u662f\u514d\u8d39\u7684\u5348\u9910"},"content":{"rendered":"
\n
\u5728\u6295\u8d44\u754c\uff0c\u5927\u5bb6\u5e38\u8bf4\u7684\u201c\u5b9a\u6295\uff08\u5b9a\u671f\u5b9a\u989d\u6295\u8d44\uff09\u662f\u514d\u8d39\u7684\u5348\u9910<\/b>\u201d\uff0c\u6838\u5fc3\u6570\u5b66\u903b\u8f91\u5efa\u7acb\u5728\u6ce2\u52a8\u6027\u7ba1\u7406<\/b>\u4e0e\u6982\u7387\u7edf\u8ba1<\/b>\u4e4b\u4e0a\u3002<\/div>\n
\u867d\u7136\u5b83\u4e0d\u80fd\u4fdd\u8bc1\u5728\u4efb\u4f55\u884c\u60c5\u4e0b\u90fd\u201c\u7edd\u5bf9\u76c8\u5229\u201d\uff0c\u4f46\u901a\u8fc7\u6982\u7387\u548c\u4ee3\u6570\u8ba1\u7b97\uff0c\u5b83\u4ece\u6839\u672c\u4e0a\u6539\u5199\u4e86\u6295\u8d44\u8005\u9762\u5bf9\u5e02\u573a\u6ce2\u52a8\u7684\u98ce\u9669\u6536\u76ca\u6bd4\uff0c\u8fbe\u5230\u4e86\u201c\u5c11\u4e8f\u3001\u964d\u6210\u672c\u3001\u63d0\u80dc\u7387\u201d\u7684\u6548\u679c\u3002<\/div>\n

1. \u6838\u5fc3\u6570\u5b66\u903b\u8f91\uff1a\u201c\u8c03\u548c\u5e73\u5747\u201d\u51fb\u8d25\u201c\u7b97\u672f\u5e73\u5747\u201d<\/h3>\n
\u8fd9\u662f\u5b9a\u6295\u6700\u786c\u6838\u7684\u6570\u5b66\u57fa\u7840\u3002\u5b9a\u6295\u91c7\u7528\u7684\u662f\u56fa\u5b9a\u91d1\u989d<\/b>\u4e70\u5165\uff0c\u800c\u975e\u56fa\u5b9a\u4efd\u6570\u3002\u8fd9\u4f7f\u5f97\u4f60\u5728\u4ef7\u683c\u9ad8\u65f6\u4e70\u5230\u7684\u4efd\u989d\u5c11\uff0c\u4ef7\u683c\u4f4e\u65f6\u4e70\u5230\u7684\u4efd\u989d\u591a\u3002<\/div>\n
\u5047\u8bbe\u4f60\u5728\u8fde\u7eed 3 \u4e2a\u6708\u5b9a\u6295\u67d0\u53ea\u6ce2\u52a8\u5f88\u5927\u7684\u57fa\u91d1\uff0c\u6bcf\u6b21\u6295\u5165 1000 \u5143<\/b>\uff1a<\/div>\n
    \n
  • \n
    \u7b2c 1 \u4e2a\u6708<\/b>\uff1a\u51c0\u503c 10 \u5143<\/b> $\\rightarrow$<\/span> \u4e70\u5165 100 \u4efd<\/b><\/div>\n<\/li>\n
  • \n
    \u7b2c 2 \u4e2a\u6708<\/b>\uff1a\u51c0\u503c\u66b4\u8dcc\u81f3 5 \u5143<\/b> $\\rightarrow$<\/span> \u4e70\u5165 200 \u4efd<\/b>\uff08\u4f4e\u8c37\u91cd\u4ed3\uff09<\/div>\n<\/li>\n
  • \n
    \u7b2c 3 \u4e2a\u6708<\/b>\uff1a\u51c0\u503c\u53cd\u5f39\u81f3 8 \u5143<\/b> $\\rightarrow$<\/span> \u4e70\u5165 125 \u4efd<\/b><\/div>\n<\/li>\n<\/ul>\n
    \u6211\u4eec\u6765\u770b\u8fd9\u671f\u95f4\u7684\u6570\u5b66\u5dee\u5f02\uff1a<\/b><\/div>\n
      \n
    • \n
      \u4ef7\u683c\u7684\u7b97\u672f\u5e73\u5747\u503c<\/b>\uff1a$(10 + 5 + 8) \\div 3 =$<\/span> 7.67 \u5143<\/b><\/div>\n<\/li>\n
    • \n
      \u4f60\u7684\u6301\u4ed3\u5e73\u5747\u6210\u672c\uff08\u8c03\u548c\u5e73\u5747\uff09<\/b>\uff1a<\/div>\n
      \n
      $$\\text{\u5e73\u5747\u6210\u672c} = \\frac{\\text{\u603b\u6295\u5165\u91d1\u989d}}{\\text{\u603b\u83b7\u5f97\u4efd\u989d}} = \\frac{3000}{100 + 200 + 125} = \\frac{3000}{425} \\approx \\mathbf{7.06\\text{ \u5143}}$$<\/div>\n<\/div>\n<\/li>\n<\/ul>\n
      \u7ed3\u8bba<\/b>\uff1a\u4f60\u7684\u5e73\u5747\u6210\u672c\uff087.06\u5143<\/b>\uff09\u660e\u663e\u4f4e\u4e8e\u8fd9\u4e09\u4e2a\u6708\u7684\u5e73\u5747\u4ef7\u683c\uff087.67\u5143<\/b>\uff09\uff0c\u751a\u81f3\u5f53\u7b2c 3 \u4e2a\u6708\u4ef7\u683c\u4ec5\u53cd\u5f39\u5230 8 \u5143<\/b>\uff08\u5c1a\u672a\u56de\u5230\u521d\u59cb\u7684 10 \u5143\uff09\u65f6\uff0c\u4f60\u5df2\u7ecf\u5b9e\u73b0\u4e86 13.3% \u7684\u76c8\u5229<\/b>\u3002<\/div>\n

      2. \u4e3a\u4ec0\u4e48\u5b9a\u6295\u80fd\u8ba9\u4f60\u201c\u5c11\u4e8f\u201d\uff1f<\/h3>\n

      \u2460 \u964d\u4f4e\u201c\u4e70\u5728\u6700\u9ad8\u70b9\u201d\u7684\u6781\u7aef\u5c3e\u90e8\u98ce\u9669<\/h4>\n
      \u5355\u7b14\u4e00\u6b21\u6027\u5efa\u4ed3\uff08Lump-sum Investment\uff09\u6700\u5927\u7684\u98ce\u9669\u5728\u4e8e\u62e9\u65f6\u5931\u8bef<\/b>\u3002\u5982\u679c\u4f60\u5728\u5e02\u573a\u9876\u90e8\u5c06\u8d44\u91d1\u4e00\u6b21\u6027\u4e70\u5165\uff0c\u4e00\u65e6\u906d\u9047 50% \u7684\u66b4\u8dcc\uff0c\u4f60\u9700\u8981 100% \u7684\u6da8\u5e45\u624d\u80fd\u672c\u91d1\u56de\u672c\u3002<\/div>\n
      \u5b9a\u6295\u5c06\u4f60\u7684\u8d44\u91d1\u5728\u65f6\u95f4\u8f74\u4e0a\u8fdb\u884c\u4e86\u5206\u6563\u5206\u6563<\/b>\uff08Dollar-Cost Averaging\uff09\uff0c\u6570\u5b66\u4e0a\u5c06\u539f\u672c\u96c6\u4e2d\u5728\u4e00\u4e2a\u9ad8\u70b9\u5904\u7684\u6982\u7387\u5206\u5e03\uff0c\u62c9\u5e73\u4e3a\u4e00\u4e2a\u968f\u65f6\u95f4\u53d8\u5316\u7684\u5747\u5300\u5206\u5e03\uff0c\u76f4\u63a5\u6d88\u9664\u4e86\u201c\u521a\u597d\u4e70\u5728\u6700\u9ad8\u5cf0\u201d\u8fd9\u79cd\u6781\u5c0f\u6982\u7387\u4f46\u6bc1\u706d\u6027\u7684\u5c3e\u90e8\u98ce\u9669\u3002<\/div>\n

      \u2461 \u6781\u5927\u5730\u62c9\u4f4e\u56de\u672c\u7ebf\uff08\u5fae\u7b11\u66f2\u7ebf\u6548\u5e94\uff09<\/h4>\n
      \u5728\u4e0b\u8dcc\u884c\u60c5\u4e2d\uff0c\u5b9a\u6295\u5229\u7528\u4f4e\u4ef7\u4e0d\u65ad\u79ef\u6512\u4f4e\u6210\u672c\u4efd\u989d\u3002\u5047\u8bbe\u5e02\u573a\u4ece 10 \u5143\u8dcc\u5230 2 \u5143\uff0c\u518d\u53cd\u5f39\uff1a<\/div>\n
        \n
      • \n
        \u4e00\u6b21\u6027\u4e70\u5165\u8005<\/b>\uff1a\u5fc5\u987b\u7b49\u4ef7\u683c\u91cd\u56de 10 \u5143<\/b> \u624d\u80fd\u56de\u672c\u3002<\/div>\n<\/li>\n
      • \n
        \u5b9a\u6295\u6295\u8d44\u8005<\/b>\uff1a\u56e0\u4e3a\u5728 2 \u5143\u30013 \u5143\u5904\u4e0d\u65ad\u644a\u4f4e\u6210\u672c\uff0c\u6301\u4ed3\u6210\u672c\u53ef\u80fd\u5df2\u7ecf\u88ab\u62c9\u4f4e\u81f3 4-5 \u5143<\/b>\u3002\u5e02\u573a\u53ea\u9700\u8981\u53cd\u5f39\u5230 5 \u5143<\/b>\uff0c\u5b9a\u6295\u8005\u5c31\u5df2\u7ecf\u4fdd\u672c\u751a\u81f3\u76c8\u5229\uff0c\u800c\u6b64\u65f6\u4e00\u6b21\u6027\u4e70\u5165\u8005\u8fd8\u5728\u4e8f\u635f 50%\u3002<\/div>\n<\/li>\n<\/ul>\n

        3. \u4e3a\u4f55\u79f0\u5176\u4e3a\u201c\u514d\u8d39\u7684\u5348\u9910\u201d\uff1f<\/h3>\n
        \u5728\u73b0\u4ee3\u6295\u8d44\u7ec4\u5408\u7406\u8bba\uff08MPT\uff09\u4e2d\uff0c\u9a6c\u79d1\u7ef4\u8328\u5c06\u8d44\u4ea7\u914d\u7f6e<\/b>\u79f0\u4e3a\u201c\u514d\u8d39\u7684\u5348\u9910\u201d\uff0c\u56e0\u4e3a\u901a\u8fc7\u914d\u7f6e\u4e0d\u5b8c\u5168\u76f8\u5173\u7684\u8d44\u4ea7\uff0c\u53ef\u4ee5\u5728\u4e0d\u964d\u4f4e\u9884\u671f\u6536\u76ca\u7684\u524d\u63d0\u4e0b\u964d\u4f4e\u6574\u4f53\u6ce2\u52a8\u3002<\/div>\n
        \u5b9a\u6295\u5219\u662f\u65f6\u95f4\u7ef4\u5ea6\u4e0a\u7684\u201c\u514d\u8d39\u7684\u5348\u9910\u201d<\/b>\uff1a<\/div>\n
          \n
        1. \n
          \u5229\u7528\u201c\u6ce2\u52a8\u201d\u672c\u8eab\u521b\u9020\u4ef7\u503c<\/b>\uff1a\u4f20\u7edf\u4ea4\u6613\u4e2d\uff0c\u6ce2\u52a8\u662f\u98ce\u9669\u7684\u6765\u6e90\uff1b\u800c\u5728\u5b9a\u6295\u4e2d\uff0c\u6ce2\u52a8\u53d8\u6210\u4e86\u964d\u4f4e\u6210\u672c\u7684\u5de5\u5177<\/b>\u3002\u6ce2\u52a8\u8d8a\u5927\uff0c\u4f4e\u8c37\u79ef\u7d2f\u9ad8\u6027\u4ef7\u6bd4\u4efd\u989d\u7684\u6548\u679c\u8d8a\u660e\u663e\u3002<\/div>\n<\/li>\n
        2. \n
          \u514b\u670d\u4eba\u6027\u5f31\u70b9\uff08\u884c\u4e3a\u91d1\u878d\u5b66\uff09<\/b>\uff1a\u4eba\u6027\u7684\u201c\u8ffd\u6da8\u6740\u8dcc\u201d\u662f\u5bfc\u81f4\u6563\u6237\u4e8f\u635f\u7684\u4e3b\u8981\u539f\u56e0\u3002\u5b9a\u6295\u901a\u8fc7\u7a0b\u5e8f\u5316\u7684\u89c4\u5219\uff0c\u5f3a\u5236\u4f60\u5728\u5e02\u573a\u6050\u614c\uff08\u4f4e\u4ef7\uff09\u65f6\u52a0\u4ed3\u3001\u5728\u5e02\u573a\u72c2\u70ed\uff08\u9ad8\u4ef7\uff09\u65f6\u51cf\u4ed3\uff0c\u7528\u6570\u5b66\u7eaa\u5f8b\u4ee3\u66ff\u4e86\u60c5\u7eea\u51b3\u7b56\u3002<\/div>\n<\/li>\n<\/ol>\n

          4. \u5b9a\u6295\u7684\u6570\u5b66\u8fb9\u754c\u4e0e\u98ce\u9669\u5c40\u9650<\/h3>\n
          \u5b9a\u6295\u867d\u7136\u4f18\u79c0\uff0c\u4f46\u6570\u5b66\u4e0a\u4e5f\u6709\u9002\u7528\u8fb9\u754c\uff0c\u5e76\u975e\u65e0\u654c\uff1a<\/div>\n
            \n
          • \n
            \u6015\u201c\u5355\u8fb9\u4e0b\u8dcc\u201d<\/b>\uff1a\u5982\u679c\u4e00\u4e2a\u8d44\u4ea7\u957f\u671f\u8d8b\u52bf\u662f\u5355\u8fb9\u5411\u4e0b\u3001\u5f52\u96f6\uff08\u5982\u9000\u5e02\u80a1\u7968\u6216\u5783\u573e\u5e01\uff09\uff0c\u5b9a\u6295\u53ea\u662f\u5728\u201c\u5206\u6279\u9001\u4eba\u5934\u201d\uff0c\u65e0\u6cd5\u62ef\u6551\u96f6\u4ef7\u503c\u8d44\u4ea7\u3002<\/div>\n<\/li>\n
          • \n
            \u949d\u5316\u6548\u5e94\uff08\u949d\u5316\u5371\u673a\uff09<\/b>\uff1a\u968f\u7740\u5b9a\u6295\u65f6\u95f4\u53d8\u957f\uff0c\u8d26\u6237\u91cc\u79ef\u7d2f\u7684\u79ef\u7d2f\u603b\u672c\u91d1\u8d8a\u6765\u8d8a\u5927\u3002\u6b64\u65f6\u6bcf\u671f\u65b0\u6295\u5165\u7684\u8d44\u91d1\u5360\u603b\u8d44\u4ea7\u7684\u6bd4\u91cd\u6781\u4f4e\uff0c\u518d\u9047\u4e0b\u8dcc\u65f6\uff0c\u644a\u4f4e\u6210\u672c\u7684\u6548\u679c\u4f1a\u5927\u5e45\u51cf\u5f31\uff08\u9700\u8981\u9002\u65f6\u914d\u5408\u201c\u6b62\u76c8\u201d\u673a\u5236\uff09\u3002<\/div>\n<\/li>\n
          • \n
            \u80dc\u7387\u9ad8 vs \u6536\u76ca\u7387<\/b>\uff1a\u5728\u957f\u671f\u5355\u8fb9\u725b\u5e02\u4e2d\uff0c\u4e00\u6b21\u6027\u5efa\u4ed3\u7684\u6536\u76ca\u7387 mathematically \u4f1a\u9ad8\u4e8e\u5b9a\u6295\uff08\u56e0\u4e3a\u4e00\u6b21\u6027\u5efa\u4ed3\u5168\u989d\u4eab\u53d7\u4e86\u4e0a\u6da8\u8fc7\u7a0b\uff09\uff0c\u5b9a\u6295\u662f\u7528\u4e00\u90e8\u5206\u6f5c\u5728\u7684\u8d85\u989d\u6536\u76ca\uff0c\u6362\u53d6\u4e86\u6781\u9ad8\u7684\u5b89\u5168\u8fb9\u9645<\/b>\u548c\u786e\u5b9a\u6027<\/b>\u3002<\/div>\n<\/li>\n<\/ul>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

            \u5728\u6295\u8d44\u754c\uff0c\u5927\u5bb6\u5e38\u8bf4\u7684\u201c\u5b9a\u6295\uff08\u5b9a\u671f\u5b9a\u989d\u6295\u8d44\uff09\u662f\u514d\u8d39\u7684\u5348\u9910\u201d\uff0c\u6838\u5fc3\u6570\u5b66\u903b\u8f91\u5efa\u7acb\u5728\u6ce2\u52a8\u6027\u7ba1\u7406\u4e0e\u6982\u7387\u7edf\u8ba1\u4e4b\u4e0a\u3002 \u867d\u7136\u5b83\u4e0d\u80fd\u4fdd\u8bc1\u5728\u4efb\u4f55\u884c\u60c5\u4e0b\u90fd\u201c\u7edd\u5bf9\u76c8\u5229\u201d\uff0c\u4f46\u901a\u8fc7\u6982\u7387\u548c\u4ee3\u6570\u8ba1\u7b97\uff0c\u5b83\u4ece\u6839\u672c\u4e0a\u6539\u5199\u4e86\u6295\u8d44\u8005\u9762\u5bf9\u5e02\u573a\u6ce2\u52a8\u7684\u98ce\u9669\u6536\u76ca\u6bd4\uff0c\u8fbe\u5230\u4e86\u201c\u5c11\u4e8f\u3001\u964d\u6210\u672c\u3001\u63d0…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[132],"tags":[1188,1190,1189],"topic":[],"class_list":["post-663857","post","type-post","status-publish","format-standard","hentry","category-132","tag-rightarrow","tag-1190","tag-1189"],"_links":{"self":[{"href":"http:\/\/puo.cn\/index.php?rest_route=\/wp\/v2\/posts\/663857","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/puo.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/puo.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/puo.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/puo.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=663857"}],"version-history":[{"count":1,"href":"http:\/\/puo.cn\/index.php?rest_route=\/wp\/v2\/posts\/663857\/revisions"}],"predecessor-version":[{"id":663858,"href":"http:\/\/puo.cn\/index.php?rest_route=\/wp\/v2\/posts\/663857\/revisions\/663858"}],"wp:attachment":[{"href":"http:\/\/puo.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=663857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/puo.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=663857"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/puo.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=663857"},{"taxonomy":"topic","embeddable":true,"href":"http:\/\/puo.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftopic&post=663857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}