{"id":1680,"date":"2021-02-04T14:22:22","date_gmt":"2021-02-04T13:22:22","guid":{"rendered":"https:\/\/www.investguru.cz\/cs\/?p=1680"},"modified":"2021-02-04T14:37:50","modified_gmt":"2021-02-04T13:37:50","slug":"akciovy-trh-drahy","status":"publish","type":"post","link":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/","title":{"rendered":"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd?"},"content":{"rendered":"<div class=\"single-featured-video\"><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/XL4h53YK0jA?rel=0&amp;showinfo=0&amp;autoplay=1&amp;modestbranding=1\" width=\"720\" height=\"405\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" allow=\"autoplay\"><\/iframe><\/div>\n<p>Jsou akcie vysoko? Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd? M\u00e1 cenu je\u0161t\u011b do akci\u00ed investovat?<\/p>\n<p>Na to se m\u011b dnes, na za\u010d\u00e1tku roku 2021, lid\u00e9 \u010dasto ptaj\u00ed.<\/p>\n<p>Ptaj\u00ed se m\u011b na to \u00fasp\u011b\u0161n\u00ed lid\u00e9 podnikatel\u00e9, kte\u0159\u00ed p\u0159em\u00fd\u0161l\u00ed o tom, \u017ee s n\u00e1mi vstoup\u00ed do poradensk\u00e9ho vztahu. Ale ptaj\u00ed se m\u011b na to i na\u0161i existuj\u00edc\u00ed klienti, s kter\u00fdmi jsme krat\u0161\u00ed nebo del\u0161\u00ed dobu. Proto\u017ee je to t\u00e9ma kter\u00e9 zaj\u00edm\u00e1 ka\u017ed\u00e9ho.<\/p>\n<p>Zrovna ned\u00e1vno se koment\u00e1\u0159 k drah\u00fdm akci\u00edm a k tomu, \u017ee akcie jsou v bublin\u011b, objevil na <a href=\"https:\/\/www.idnes.cz\/ekonomika\/zahranicni\/burza-bublina-akcie-wall-street-investice.A210127_103125_eko-zahranicni_mato\">iDNES<\/a>. Analytici \u0159\u00edkaj\u00ed, \u017ee akcie jsou v bublin\u011b a je pot\u0159eba se p\u0159ed t\u00edm ochr\u00e1nit.<\/p>\n<h2>Renti\u00e9ry to zaj\u00edm\u00e1<\/h2>\n<p>Dnes r\u00e1no jsem se potkal s jedn\u00edm na\u0161\u00edm klientem a ten m\u00e1 portfolio v \u0159\u00e1dech des\u00edtk\u00e1ch milion\u016f korun.<\/p>\n<p>S n\u00e1mi \u0159e\u0161\u00ed zhruba t\u0159etinu toho portfolia a on \u0159\u00edk\u00e1: \u201e<em>No Vladim\u00edre, j\u00e1 m\u00e1m tady n\u011bjak\u00e9 jin\u00e9 je\u0161t\u011b fondy nejenom to va\u0161e \u0159e\u0161en\u00ed. To jsou technologick\u00e9 hodn\u011b v\u011bci zam\u011b\u0159en\u00e9 na ty nejnov\u011bj\u0161\u00ed technologie a ono to hodn\u011b vyrostlo. Tak\u017ee j\u00e1 p\u0159em\u00fd\u0161l\u00edm, jestli to nen\u00ed drah\u00e9.<\/em>\u201d<\/p>\n<p>J\u00e1 jsem znal n\u00e1\u0161 <a href=\"https:\/\/www.fichtner.cz\/rentier-2021-01\/\">\u010dasopis Renti\u00e9r<\/a>, kter\u00fd vyd\u00e1v\u00e1me pro klienty a za\u010dal jsem v n\u011bm listovat.<\/p>\n<p>S Milanem jsme si pov\u00eddali o tom, jak vlastn\u011b vid\u00edme ohodnocen\u00ed trhu my, proto\u017ee z pohledu na\u0161\u00ed strategie Wealth Protection <strong>po\u0159\u00e1d m\u00edrn\u011b p\u0159eva\u017eujeme akcie<\/strong> v portfoli\u00edch na\u0161ich klient\u016f. A\u0165 u\u017e to jsou renti\u00e9\u0159i nebo budouc\u00ed renti\u00e9\u0159i.<\/p>\n<p>T\u011bch d\u016fvod\u016f je v\u00edce.<\/p>\n<h2>Hlavn\u00ed d\u016fvod, pro\u010d akcie nejsou v bublin\u011b<\/h2>\n<p>Jeden z t\u011bch d\u016fvod\u016f je fundament\u00e1ln\u00ed. V\u00fdsledky firem a toho, co se d\u011bje vlastn\u011b v ekonomik\u00e1ch a ve firm\u00e1ch.<\/p>\n<p>Americk\u00e9 firmy u\u017e jsou t\u00e9m\u011b\u0159 zp\u00e1tky tam, kde byly p\u0159ed rokem z hlediska sv\u00fdch tr\u017eeb i zisku. A to je velmi pozitivn\u00ed zpr\u00e1va pro trh jako takov\u00fd a proto nen\u00ed divu, \u017ee akcie rostou.<\/p>\n<p>Kdy\u017e se pod\u00edv\u00e1te na akciov\u00fd trh v Americe, ten \u0161ir\u0161\u00ed akciov\u00fd trh, tak akciov\u00e9 indexy vyrostly t\u0159eba o 15 procent za minul\u00fd rok. Ale to nen\u00ed nic dramatick\u00e9ho. A nic, co by nebylo na trz\u00edch norm\u00e1ln\u00ed.<\/p>\n<p>J\u00e1 u\u017e jsem za\u017eil, co je to skute\u010dn\u00e1 bublina. A\u0165 to bylo v roce 2000 na akci\u00edch nebo v roce 2008. A ty p\u0159\u00edznaky nejsou zas tak slo\u017eit\u00e9.<\/p>\n<p>Je pot\u0159eba pod\u00edvat se na to, jak se da\u0159\u00ed firm\u00e1m a jestli je v\u00fdvoj cen jejich akci\u00ed v souladu s v\u00fdvojem trhu.<\/p>\n<p>Pokud nen\u00ed, pokud se v\u00fdvoj cen od firemn\u00edho fundamentu za\u010d\u00edn\u00e1 odd\u011blovat, pokud se odd\u011bluje cena p\u0159\u00edli\u0161 daleko nahoru, pokud je mnohem vy\u0161\u0161\u00ed ne\u017e je fundament firmy, tak je pot\u0159eba akcie za\u010d\u00edt v portfoliu lehce redukovat.<\/p>\n<p>Ne je prodat ze dne na den. To taky nen\u00ed \u00fapln\u011b nejvhodn\u011bj\u0161\u00ed. Ale postupn\u011b od prod\u00e1vat a sni\u017eovat t\u0159eba jejich v\u00e1hu.<\/p>\n<p>Uvid\u00edme jak se situace bude vyv\u00edjet d\u00e1l.<\/p>\n<h2>Ceny akci\u00ed mohou i nad\u00e1le r\u016fst<\/h2>\n<p>Jestli akcie vyrostou o dal\u0161\u00edch 30 procent nebo 60 procent nebo 100 procent b\u011bhem roku, dvou nebo t\u0159\u00ed. Ale zat\u00edm se\u00a0 zd\u00e1, \u017ee r\u016fst trhu je v souladu s t\u00edm, jak se zlep\u0161uj\u00ed v\u00fdsledky po pandemii.\u00a0V americk\u00fdch firm\u00e1ch.<\/p>\n<p>V evropsk\u00fdch firm\u00e1ch nebo v \u010desk\u00fdch firm\u00e1ch je to jin\u00e9. Respektive ono z\u00e1le\u017e\u00ed na tom, v jak\u00e9m odv\u011btv\u00ed se pohybujete.<\/p>\n<p>T\u0159eba u technologick\u00fdch firem nebo zrovna u firmy toho klienta, s kter\u00fdm jsem se bavil. On \u0159\u00edkal: \u201e<em>No, my jsme m\u011bli o 30 procent v\u011bt\u0161\u00ed tr\u017eby.<\/em>\u201d<\/p>\n<p>A jak jsem \u0159\u00edkal: \u201e<em>Vid\u00edte, a proto by Va\u0161e akcie, pokud by byly na burze, mohly b\u00fdt klidn\u011b o 30 procent v\u00fd\u0161e.<\/em>\u201d<\/p>\n<p>On \u0159\u00edkal: \u201e<em>Aha, tak m\u00e1te pravdu. A to d\u00e1v\u00e1 smysl.<\/em>\u201d<\/p>\n<h2>Nem\u011b\u0159te v\u0161em jedn\u00edm metrem<\/h2>\n<p>Pokra\u010doval jsem: \u201e<em>J\u00e1 jsem schopen posuzovat to, co my m\u00e1me v poradensk\u00e9 mand\u00e1tu. Akcie, kter\u00e9 my vlastn\u00edme prost\u0159ednictv\u00edm akciov\u00fdch ETF tak nejsou n\u011bjak\u00e9 dramaticky p\u0159ecen\u011bn\u00e9 z hlediska ceny. Prost\u011b jejich ceny odpov\u00eddaj\u00ed jejich potenci\u00e1lu v\u00fdnosu a dal\u0161\u00edmu potenci\u00e1l r\u016fstu.<\/em><\/p>\n<p><em>Samoz\u0159ejm\u011b jinak to m\u016f\u017ee b\u00fdt u Va\u0161eho portfolia, jestli\u017ee m\u00e1te technologick\u00e9 akcie, n\u011bjak\u00e9\u00a0 technologick\u00e9 fondy nebo jednotliv\u00e9 akcie t\u0159eba, tam ta cena u\u017e m\u016f\u017ee b\u00fdt ust\u00e1len\u00e1. To j\u00e1 nev\u00edm, j\u00e1 to portfolio nezn\u00e1m do v\u011bt\u0161\u00edho detailu a na to se mus\u00edte pod\u00edvat s\u00e1m. Jak vypad\u00e1 hodnocen\u00ed t\u011bchto akci\u00ed v souvislosti s jejich budouc\u00edmi v\u00fdsledky.<\/em>\u201d<\/p>\n<p>Tak\u017ee co z toho plyne&#8230;<\/p>\n<p>No je pot\u0159eba v\u017edycky rozli\u0161ovat nebo v\u017edy se pod\u00edvat na to, jak\u00e9 akcie m\u00e1te v jak\u00e9m regionu, jak\u00e9 akcie, kter\u00e9 vy vlastn\u00edte prost\u0159ednictv\u00edm fondu nebo ETF nebo t\u0159eba nap\u0159\u00edmo. Jak\u00e9 maj\u00ed r\u016fstov\u00e9 vyhl\u00eddky nebo jak byly po\u0161kozeny. T\u0159eba Koronavirem a pandemi\u00ed.<\/p>\n<p>Proto\u017ee h\u00e1zet v\u0161echny akcie do jednoho pytle nemus\u00ed b\u00fdt \u00fapln\u011b ta spr\u00e1vn\u00e1 strategie.<\/p>\n<h2>M\u00e9dia neb\u00fdvaj\u00ed dobr\u00fdm ukazatelem<\/h2>\n<p>Samoz\u0159ejm\u011b v m\u00e9di\u00edch to vypad\u00e1 dob\u0159e, proto\u017ee kdy\u017e se nap\u00ed\u0161e: \u201e<em>Akcie jsou v bublin\u011b. Dejte si na n\u011b pozor.<\/em>\u201d Tak si ka\u017ed\u00fd ten \u010dl\u00e1nek p\u0159e\u010dte. Reklamy, kter\u00e9 jsou kolem toho \u010dl\u00e1nku si p\u0159e\u010dte v\u00edce lid\u00ed. A to je, pro\u010d to m\u00e9dia d\u011blaj\u00ed.<\/p>\n<p>Ono to funguje samoz\u0159ejm\u011b i na druhou stranu. V roce 2020 v \u00fanoru a v b\u0159eznu byly v novin\u00e1ch titulky. \u201e<em>Akcie kolabuj\u00ed. Je konec sv\u011bta. Zachra\u0148 se, kdo m\u016f\u017ee\u0161.<\/em>\u201d<\/p>\n<p>My jsme s klienty v \u00fanoru a v b\u0159eznu nakupovali do portfoli\u00ed akciov\u00e9 strategie.<\/p>\n<p>Ne proto\u017ee jsme v\u011bd\u011bli, \u017ee se to oto\u010d\u00ed a do konce roku budeme v plusu, ale proto\u017ee m\u00e1me strategii. V\u00edme, jak k tomu p\u0159istupovat. A proto\u017ee jsme se koukali na fundamenty, kter\u00e9 n\u00e1m po\u0159\u00e1d d\u00e1valy smysl.<\/p>\n<p>A to se nem\u011bn\u00ed.<\/p>\n<p>To, co se tak\u00e9 nem\u011bn\u00ed, je ten medi\u00e1ln\u00ed obr\u00e1zek. Prost\u011b ten v\u017edycky bude vyhled\u00e1vat n\u011bco, co je zaj\u00edmav\u00e9, co si ka\u017ed\u00fd mus\u00ed otev\u0159\u00edt a k \u010demu se ka\u017ed\u00fd mus\u00ed vyj\u00e1d\u0159it. Ale pro skute\u010dn\u00e9ho investora to v\u011bt\u0161inou nen\u00ed dobr\u00e1 n\u00e1pov\u011bda.<\/p>\n<p>Skoro bych \u0159ekl, \u017ee to \u010dasto funguje obr\u00e1cen\u011b.<\/p>\n<p>Kdy\u017e \u0161iroce \u010diteln\u00e1 m\u00e9dia p\u00ed\u0161ou: \u201e<em>Akcie jsou v bublin\u011b.<\/em>\u201d<\/p>\n<p>Tak j\u00e1 si \u0159\u00edk\u00e1m: \u201e<em>Okay, tak je\u0161t\u011b v bublin\u011b nejsme.<\/em>\u201d<\/p>\n<p>Kdy\u017e ta sam\u00e1 m\u00e9dia za\u010dnou \u0159\u00edkat: \u201e<em>Akcie jsou skv\u011bl\u00e9!<\/em>\u201d, tak my budeme ti, kte\u0159\u00ed za\u010dnou siln\u011b p\u0159em\u00fd\u0161let o tom, \u017ee je za\u010dneme v portfoli\u00edch oslabovat a redukovat.<\/p>\n<p>Proto\u017ee m\u00e9dia \u010dasto maj\u00ed opa\u010dn\u00fd n\u00e1zor ne\u017e skute\u010dn\u00fd dlouhodob\u00fd investor.<\/p>\n<h2>Jak vid\u00edme ceny akci\u00ed<\/h2>\n<p>Tak\u017ee j\u00e1 te\u010f s klidn\u00fdm sv\u011bdom\u00edm na za\u010d\u00e1tku roku 2021 m\u016f\u017eu \u0159\u00edct n\u00e1sleduj\u00edc\u00ed&#8230;<\/p>\n<p>V portfoli\u00edch by st\u00e1le doporu\u010dujeme p\u0159eva\u017eovat akciov\u00e9 strategie a soust\u0159edit se p\u0159edev\u0161\u00edm na nejv\u011bt\u0161\u00ed americk\u00e9 firmy a nakupovat je prost\u0159ednictv\u00edm nejzaj\u00edmav\u011bj\u0161\u00edch ETF.<\/p>\n<p>A k tomu kombinovat, v t\u00e9 konzervativn\u00ed \u010d\u00e1sti renti\u00e9rsk\u00e9, <a href=\"https:\/\/www.fichtner.cz\/proti-inflacni-dluhopisy\/\" target=\"_blank\" rel=\"noopener\">proti-infla\u010dn\u00ed dluhopisy<\/a> jejich\u017e vyd\u00e1v\u00e1n\u00ed d\u00e1le pokra\u010duje a mysl\u00edme si, \u017ee jsou skv\u011blou alternativou konzervativn\u00edch produkt\u016f v portfoliu.<\/p>\n<p>A je\u0161t\u011b bych \u0159ekl jednu d\u016fle\u017eitou v\u011bc.<\/p>\n<h2>D\u00e1vejte pozor na to, kde m\u00e1te pen\u00edze<\/h2>\n<p>I nad\u00e1le doporu\u010dujeme soust\u0159edit se na to, aby majetek na\u0161ich klient\u016f nebyl jenom v \u010desk\u00e9 korun\u011b a v \u010desk\u00e9 kotlin\u011b.<\/p>\n<p>V\u00edte, kdy\u017e budete spol\u00e9hat na to, \u017ee v \u010cesku bude jednom z dob\u0159e a bude kr\u00e1sn\u00e9 po\u010das\u00ed a v\u0161echno bude skv\u011bl\u00e9, tak se m\u016f\u017ee st\u00e1t, \u017ee V\u00e1\u0161 majetek velmi rychle ztrat\u00ed na hodnot\u011b. <\/p>\n<p>Pokud se na n\u011bj budeme d\u00edvat z pohledu t\u0159eba ciz\u00ed m\u011bny t\u0159eba z pohledu dolaru. To je to, co jsme vid\u011bli na ja\u0159e roku 2020.<\/p>\n<p>Ke konci roku 2020 dolar oslabil proti korun\u011b, ale kdy\u017e se pod\u00edv\u00e1te na to, jak\u00fdm zp\u016fsobem \u0159e\u0161\u00edme pandemii, jak\u00fdm zp\u016fsobem\u00a0\u0159e\u0161\u00edme podporu ekonomiky a jak\u00e9 m\u00e1me ekonomick\u00e9 vyhl\u00eddky, mo\u017en\u00e1 nebudete tak moc siln\u011b p\u0159esv\u011bd\u010deni o tom, \u017ee v\u0161echno m\u00e1 b\u00fdt v jednom ko\u0161\u00edku a to v \u010desk\u00e9 korun\u011b a v \u010cesk\u00e9 republice.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pod\u00edvejte se, jak vid\u00edme ohodnocen\u00ed trhu z pohledu strategie Ochrany Bohatstv\u00ed.<\/p>\n","protected":false},"author":2,"featured_media":1681,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd? - InvestGuru.cz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/\" \/>\n<meta property=\"og:locale\" content=\"cs_CZ\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd?\" \/>\n<meta property=\"og:description\" content=\"Jak vid\u00edme v \u00fanoru 2021 ohodnocen\u00ed trhu z pohledu Ochrany Bohatstv\u00ed\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/\" \/>\n<meta property=\"og:site_name\" content=\"InvestGuru.cz\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Fichtner-sro-185375650667\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-04T13:22:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-02-04T13:37:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-social.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Vladim\u00edr Fichtner\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Napsal(a)\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vladim\u00edr Fichtner\" \/>\n\t<meta name=\"twitter:label2\" content=\"Odhadovan\u00e1 doba \u010dten\u00ed\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minut\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/\"},\"author\":{\"name\":\"Vladim\u00edr Fichtner\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/#\/schema\/person\/e5835533bc569b1026f8e75c9e10af04\"},\"headline\":\"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd?\",\"datePublished\":\"2021-02-04T13:22:22+00:00\",\"dateModified\":\"2021-02-04T13:37:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/\"},\"wordCount\":1498,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-blog.jpg\",\"articleSection\":[\"Video tipy\"],\"inLanguage\":\"cs\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/\",\"url\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/\",\"name\":\"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd? - InvestGuru.cz\",\"isPartOf\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-blog.jpg\",\"datePublished\":\"2021-02-04T13:22:22+00:00\",\"dateModified\":\"2021-02-04T13:37:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#breadcrumb\"},\"inLanguage\":\"cs\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"cs\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#primaryimage\",\"url\":\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-blog.jpg\",\"contentUrl\":\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-blog.jpg\",\"width\":880,\"height\":360},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Dom\u016f\",\"item\":\"https:\/\/www.investguru.cz\/cs\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/#website\",\"url\":\"https:\/\/www.investguru.cz\/cs\/\",\"name\":\"InvestGuru.cz\",\"description\":\"Vzd\u011bl\u00e1n\u00ed pro budouc\u00ed renti\u00e9r\u016f na cest\u011b k finan\u010dn\u00ed svobod\u011b\",\"publisher\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.investguru.cz\/cs\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"cs\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/#organization\",\"name\":\"InvestGuru\",\"url\":\"https:\/\/www.investguru.cz\/cs\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"cs\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2018\/08\/ig.png\",\"contentUrl\":\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2018\/08\/ig.png\",\"width\":600,\"height\":160,\"caption\":\"InvestGuru\"},\"image\":{\"@id\":\"https:\/\/www.investguru.cz\/cs\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/Fichtner-sro-185375650667\/\",\"https:\/\/www.linkedin.com\/company\/fichtner-s-r-o-\/\",\"https:\/\/www.youtube.com\/channel\/UCPT7GD3SrdsxmnD-sPuV3WA\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/#\/schema\/person\/e5835533bc569b1026f8e75c9e10af04\",\"name\":\"Vladim\u00edr Fichtner\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"cs\",\"@id\":\"https:\/\/www.investguru.cz\/cs\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2018\/08\/FICHTNER_Vladimir_06_400x400-150x150.jpg\",\"contentUrl\":\"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2018\/08\/FICHTNER_Vladimir_06_400x400-150x150.jpg\",\"caption\":\"Vladim\u00edr Fichtner\"},\"description\":\"Gener\u00e1ln\u00ed \u0159editel Fichtner a.s. Vladim\u00edr p\u016fsobil jako portfolio mana\u017eer ve spole\u010dnosti Pioneer Investments a jako vrcholn\u00fd mana\u017eer ve skupin\u011b PPF. Aktu\u00e1ln\u011b vede t\u00fdm Fichtner Wealth Managers a pe\u010duje o dolarov\u00e9 milion\u00e1\u0159e.\",\"url\":\"https:\/\/www.investguru.cz\/cs\/author\/vladimirfichtner\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd? - InvestGuru.cz","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/","og_locale":"cs_CZ","og_type":"article","og_title":"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd?","og_description":"Jak vid\u00edme v \u00fanoru 2021 ohodnocen\u00ed trhu z pohledu Ochrany Bohatstv\u00ed","og_url":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/","og_site_name":"InvestGuru.cz","article_publisher":"https:\/\/www.facebook.com\/Fichtner-sro-185375650667\/","article_published_time":"2021-02-04T13:22:22+00:00","article_modified_time":"2021-02-04T13:37:50+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-social.png","type":"image\/png"}],"author":"Vladim\u00edr Fichtner","twitter_card":"summary_large_image","twitter_misc":{"Napsal(a)":"Vladim\u00edr Fichtner","Odhadovan\u00e1 doba \u010dten\u00ed":"5 minut"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#article","isPartOf":{"@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/"},"author":{"name":"Vladim\u00edr Fichtner","@id":"https:\/\/www.investguru.cz\/cs\/#\/schema\/person\/e5835533bc569b1026f8e75c9e10af04"},"headline":"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd?","datePublished":"2021-02-04T13:22:22+00:00","dateModified":"2021-02-04T13:37:50+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/"},"wordCount":1498,"commentCount":2,"publisher":{"@id":"https:\/\/www.investguru.cz\/cs\/#organization"},"image":{"@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-blog.jpg","articleSection":["Video tipy"],"inLanguage":"cs","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/","url":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/","name":"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd? - InvestGuru.cz","isPartOf":{"@id":"https:\/\/www.investguru.cz\/cs\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#primaryimage"},"image":{"@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#primaryimage"},"thumbnailUrl":"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-blog.jpg","datePublished":"2021-02-04T13:22:22+00:00","dateModified":"2021-02-04T13:37:50+00:00","breadcrumb":{"@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#breadcrumb"},"inLanguage":"cs","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/"]}]},{"@type":"ImageObject","inLanguage":"cs","@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#primaryimage","url":"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-blog.jpg","contentUrl":"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2021\/02\/akcie-bublina-blog.jpg","width":880,"height":360},{"@type":"BreadcrumbList","@id":"https:\/\/www.investguru.cz\/cs\/akciovy-trh-drahy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Dom\u016f","item":"https:\/\/www.investguru.cz\/cs\/"},{"@type":"ListItem","position":2,"name":"Nen\u00ed akciov\u00fd trh u\u017e p\u0159\u00edli\u0161 drah\u00fd?"}]},{"@type":"WebSite","@id":"https:\/\/www.investguru.cz\/cs\/#website","url":"https:\/\/www.investguru.cz\/cs\/","name":"InvestGuru.cz","description":"Vzd\u011bl\u00e1n\u00ed pro budouc\u00ed renti\u00e9r\u016f na cest\u011b k finan\u010dn\u00ed svobod\u011b","publisher":{"@id":"https:\/\/www.investguru.cz\/cs\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investguru.cz\/cs\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"cs"},{"@type":"Organization","@id":"https:\/\/www.investguru.cz\/cs\/#organization","name":"InvestGuru","url":"https:\/\/www.investguru.cz\/cs\/","logo":{"@type":"ImageObject","inLanguage":"cs","@id":"https:\/\/www.investguru.cz\/cs\/#\/schema\/logo\/image\/","url":"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2018\/08\/ig.png","contentUrl":"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2018\/08\/ig.png","width":600,"height":160,"caption":"InvestGuru"},"image":{"@id":"https:\/\/www.investguru.cz\/cs\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Fichtner-sro-185375650667\/","https:\/\/www.linkedin.com\/company\/fichtner-s-r-o-\/","https:\/\/www.youtube.com\/channel\/UCPT7GD3SrdsxmnD-sPuV3WA"]},{"@type":"Person","@id":"https:\/\/www.investguru.cz\/cs\/#\/schema\/person\/e5835533bc569b1026f8e75c9e10af04","name":"Vladim\u00edr Fichtner","image":{"@type":"ImageObject","inLanguage":"cs","@id":"https:\/\/www.investguru.cz\/cs\/#\/schema\/person\/image\/","url":"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2018\/08\/FICHTNER_Vladimir_06_400x400-150x150.jpg","contentUrl":"https:\/\/www.investguru.cz\/cs\/wp-content\/uploads\/2018\/08\/FICHTNER_Vladimir_06_400x400-150x150.jpg","caption":"Vladim\u00edr Fichtner"},"description":"Gener\u00e1ln\u00ed \u0159editel Fichtner a.s. Vladim\u00edr p\u016fsobil jako portfolio mana\u017eer ve spole\u010dnosti Pioneer Investments a jako vrcholn\u00fd mana\u017eer ve skupin\u011b PPF. Aktu\u00e1ln\u011b vede t\u00fdm Fichtner Wealth Managers a pe\u010duje o dolarov\u00e9 milion\u00e1\u0159e.","url":"https:\/\/www.investguru.cz\/cs\/author\/vladimirfichtner\/"}]}},"_links":{"self":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/1680"}],"collection":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/comments?post=1680"}],"version-history":[{"count":5,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/1680\/revisions"}],"predecessor-version":[{"id":1687,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/1680\/revisions\/1687"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/media\/1681"}],"wp:attachment":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/media?parent=1680"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/categories?post=1680"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/tags?post=1680"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}