华尔街的赚钱经 第26期:投资捷径与陷阱(4)

 　　For that reason, it's smart to have a portion of your fixed-income investments in Treasury¹ inflation-protected securities, or TIPS. These bonds are backed by the U.S. government, like normal Treasury papers, but also have built-in protections that boost returns to account for inflation.

　　出于这个原因，在你的固定收益投资中持有部分财政部通货膨胀保值债券(TIPS)当是明智之举。同普通美国国债一样，这些债券不但得到了美国政府的支持，而且本身还具有保护功能，可在通货膨胀时提高回报率。

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　　Another inflation-hedging strategy is to invest in commodities. When growth resumes, demand for oil, copper² and other commodities will rise, making their prices increase. A warning, though: Given the volatility³ of commodities, financial planners recommend that investors⁴ have no more than 5% to 10% of their portfolio⁵ in this sector⁶.

　　另一个对冲通货膨胀的策略是投资大宗商品。当经济恢复增长时，对石油、铜和其他大宗商品的需求将会增加，从而将推动它们的价格上涨。不过，应该注意：鉴于商品的波动性，理财规划师建议，投资者对这部分的投资不应超过其投资组合的5%至10%。

　　Have a Stock-Market Strategy

　　要有股市投资战略

　　Despite the recent sprint⁷ in share prices, investors remain leery of the stock market. It will take more than a four-week rally to soothe⁸ the pain caused by the stock market since it tumbled from its late-2007 highs. When so much doubt surrounds the stock market, it's usually a time to think about investing in equities⁹. Despite the horrid¹⁰ pain most of us have suffered in the market during the past 18 months, stocks, like the economy, will not remain down forever.

　　尽管最近股价有所上扬，但投资者对股市仍应持警惕态度。股市自 2007年末不断创出新高后一路下跌，这种情况造成的损失不是靠一轮为时 4周的上涨就能消除的。当有这么多的怀疑笼罩着股市时，通常也就到了考虑投资股市的时候了。尽管过去 18个月里我们大部分人都在股市上遭受了切肤之痛，但股市和经济一样，不会永远保持低迷状态。

1 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

2 copper   

n.铜；铜币；铜器；adj.铜(制)的；(紫)铜色的

参考例句：

• The students are asked to prove the purity of copper.要求学生们检验铜的纯度。
• Copper is a good medium for the conduction of heat and electricity.铜是热和电的良导体。

3 volatility   

n.挥发性，挥发度，轻快，（性格）反复无常

参考例句：

• That was one reason why volatility was so low last year.这也是去年波动性如此低的原因之一。
• Yet because volatility remained low for so long,disaster myopia prevailed.然而，由于相当长的时间里波动性小，灾难短视就获胜了。

4 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

5 portfolio   

n.公事包；文件夹；大臣及部长职位

参考例句：

• He remembered her because she was carrying a large portfolio.他因为她带着一个大公文包而记住了她。
• He resigned his portfolio.他辞去了大臣职务。

6 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

7 sprint   

n.短距离赛跑；vi. 奋力而跑，冲刺；vt.全速跑过

参考例句：

• He put on a sprint to catch the bus.他全速奔跑以赶上公共汽车。
• The runner seemed to be rallied for a final sprint.这名赛跑者似乎在振作精神作最后的冲刺。

8 soothe   

v.安慰；使平静；使减轻；缓和；奉承

参考例句：

• I've managed to soothe him down a bit.我想方设法使他平静了一点。
• This medicine should soothe your sore throat.这种药会减轻你的喉痛。

9 equities   

普通股，股票

参考例句：

• These are invested mainly in the OECD bonds and equities. 这些资产主要投资于经济合作及发展组织的债券与股票市场。
• They are also advantage of the global rebound in equities. 它们还在利用全球股市反弹的机会。

10 horrid   

adj.可怕的；令人惊恐的；恐怖的；极讨厌的

参考例句：

• I'm not going to the horrid dinner party.我不打算去参加这次讨厌的宴会。
• The medicine is horrid and she couldn't get it down.这种药很难吃，她咽不下去。