华尔街的赚钱经 第29期:投资捷径与陷阱(7)

 　　In short, don't double down on an asset that has had such a tremendous run. You are likely coming to the game too late, since most of the gains have already been made. That can skew your portfolio¹ too sharply in a single direction, making you vulnerable to a decline in previously² hot asset groups.

　　简而言之，不要在已经出现这种巨大涨幅的资产上“双倍下注”。你参与这场游戏的时间可能太迟了，因为大多数的涨幅都已经过了。这可能使你的投资组合向一个方向大幅变化，让你容易受到此前热门资产类别下跌的冲击。

　　投资捷径与陷阱5.jpg

　　Look at it this way. In the past few years, the temptation to chase returns led people to buy too many houses, invest too heavily in a soaring stock market and aggressively bid up oil. All of it ended badly.

　　这么说吧，过去几年里，追逐回报的诱惑令人们买了太多的房子，在大幅飘升的股市上投入重金，大肆推高油价。这样的结果都很糟。

　　Don't Abandon Diversification³

　　不要放弃分散投资

　　There's a great desire now to stay safe by holding only cash or only Treasury⁴ papers. This kind of behavior is really just the same as chasing performance.

　　现在人们只持有现金或美国国债以保安全的想法非常强烈。这类行为其实与追逐表现的做法毫无二致。

　　Don't Stop Saving for Retirement⁵

　　不要停止为退休攒钱

　　In times of turmoil⁶, we tend to focus on what's right in front of us: the current bills, the savings⁷ account and what the day will bring. But we are all still going to want to retire at some point, so that means remaining disciplined about saving for retirement.

　　在动荡时期，我们往往会只看眼前：当期的账单、储蓄账户、今天会发生什么事。不过，我们仍都会希望在某个时候退休，所以这就意味着要坚持为退休攒钱的做法。

1 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。

2 previously   

adv.以前，先前（地）

参考例句：

• The bicycle tyre blew out at a previously damaged point.自行车胎在以前损坏过的地方又爆开了。
• Let me digress for a moment and explain what had happened previously.让我岔开一会儿，解释原先发生了什么。

3 diversification   

n.变化，多样化；多种经营

参考例句：

• The seminar was to discuss diversification of agriculture. 该研讨会讨论的是农业多种经营。 来自辞典例句
• Firm diversification is increasingly achieved by the means of takeover and merger. 通过接管和兼并，厂商经营范围日益多样化。 来自辞典例句

4 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。

5 retirement   

n.退休，退职

参考例句：

• She wanted to enjoy her retirement without being beset by financial worries.她想享受退休生活而不必为金钱担忧。
• I have to put everything away for my retirement.我必须把一切都积蓄起来以便退休后用。

6 turmoil   

n.骚乱，混乱，动乱

参考例句：

• His mind was in such a turmoil that he couldn't get to sleep.内心的纷扰使他无法入睡。
• The robbery put the village in a turmoil.抢劫使全村陷入混乱。

7 savings   

n.存款，储蓄

参考例句：

• I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
• By this time he had used up all his savings.到这时，他的存款已全部用完。