{"id":244,"date":"2018-09-19T12:10:40","date_gmt":"2018-09-19T10:10:40","guid":{"rendered":"https:\/\/www.investguru.cz\/cs\/?p=244"},"modified":"2018-10-25T12:28:54","modified_gmt":"2018-10-25T10:28:54","slug":"akcie-jsou-blizko-maxim-mame-se-zacit-bat","status":"publish","type":"post","link":"https:\/\/www.investguru.cz\/cs\/akcie-jsou-blizko-maxim-mame-se-zacit-bat\/","title":{"rendered":"Akcie jsou bl\u00edzko maxim, m\u00e1me se za\u010d\u00edt b\u00e1t?"},"content":{"rendered":"<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/wrSeY5Z1u1k?rel=0&amp;showinfo=0&amp;autoplay=1&amp;modestbranding=1\" width=\"720\" height=\"405\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\" allow=\"autoplay\"><\/iframe><\/p>\n<h2>P\u0159epis videa<\/h2>\n<p>Posledn\u00ed dobou si m\u016f\u017eete v\u0161imnout \u0159ady novinov\u00fdch titulk\u016f hl\u00e1saj\u00edc\u00edch, \u017ee akciov\u00e9 trhy jsou na sv\u00fdch maximech a p\u0159ekon\u00e1vaj\u00ed nov\u00e9 hranice.<\/p>\n<p>M\u00e1me se tedy ob\u00e1vat, proto\u017ee trhy vyrostly a u\u017e nen\u00ed kam by mohly d\u00e1le r\u016fst?<\/p>\n<p>Poj\u010fme se pod\u00edvat do historie na posledn\u00edch 150 let na americk\u00e9m trhu.<br \/>\nCo mysl\u00edte, \u017ee akciov\u00e9 trhy d\u011blaly?<br \/>\nRok pot\u00e9, co dos\u00e1hly \u010derstv\u00e9ho maxima. V\u011bt\u0161inou je\u0161t\u011b v\u00edce rostly.<br \/>\nV 75% p\u0159\u00edpad\u016f byly za rok v\u00fd\u0161e.<\/p>\n<p>Pr\u016fm\u011brn\u00fd v\u00fdnos po dosa\u017een\u00ed maxima byl 11% a to v\u010detn\u011b t\u011bch ztr\u00e1tov\u00fdch let.<br \/>\nTo je velice slu\u0161n\u00e9 \u010d\u00edslo.<br \/>\n\u0158\u00edk\u00e1 se, \u017ee je dobr\u00e9 nakupovat n\u00edzko, a prod\u00e1vat vysoko.<\/p>\n<p>Jak to, \u017ee akcie st\u00e1le rostly, i kdy\u017e se dostaly nejv\u00fd\u0161e?<\/p>\n<p>Akcie dlouhodob\u011b rostou a proto vytv\u00e1\u0159ej\u00ed st\u00e1le nov\u00e1 a nov\u00e1 maxima.<br \/>\nPr\u016fm\u011brn\u00fd historick\u00fd r\u016fst akciov\u00e9ho trhu v USA byl kolem 10% p.a.<br \/>\nTa obdob\u00ed zahrnuj\u00ed kr\u00e1tkodob\u00e9 poklesy a r\u016fsty.<br \/>\nBubliny a jejich splask\u00e1v\u00e1n\u00ed.<br \/>\nAle dlouhodob\u00fd r\u016fst kol\u00eds\u00e1n\u00ed p\u0159ekon\u00e1v\u00e1.<\/p>\n<p>To jsou ale jen \u010d\u00edsla.<\/p>\n<p>Dokonce jsem sly\u0161el koment\u00e1\u0159, jednoho statistika:<br \/>\n<em>To, \u017ee akciov\u00fd trh posledn\u00edch 150 let rostl, neznamen\u00e1, \u017ee poroste i d\u00e1le. Klidn\u011b mohlo j\u00edt o anom\u00e1lii, a dal\u0161\u00edch 150 let m\u016f\u017ee zase klesat. Ze statistick\u00e9ho hlediska nem\u00e1me prost\u011b dost dat, abychom si byli jist\u00ed.<\/em><\/p>\n<p>My ale neinvestujeme do akci\u00ed, a akciov\u00fdch trh\u016f kv\u016fli statistik\u00e1m.<br \/>\nInvestujeme proto, \u017ee akcie jsou pod\u00edly ve firm\u00e1ch.<br \/>\nTyto firmy podnikaj\u00ed a podnik\u00e1n\u00ed se dlouhodob\u011b vypl\u00e1c\u00ed.<\/p>\n<p>Kdy\u017e investujeme do americk\u00e9ho akciov\u00e9ho trhu, nakupujeme t\u00edm pod\u00edly ve firm\u00e1ch, jako je nap\u0159\u00edklad Apple, Microsoft, nebo Amazon.<br \/>\nV Evrop\u011b zase firmy jako Nestl\u00e9, Navartis nebo Siemens.<\/p>\n<p>Tyto firmy prod\u00e1vaj\u00ed sv\u00e9 produkty, nebo vytv\u00e1\u0159ej\u00ed tr\u017eby po cel\u00e9m sv\u011bt\u011b.<br \/>\nZ tr\u017eeb maj\u00ed zisky, a ty zisky rostou s t\u00edm, jak roste ekonomika.<\/p>\n<p>To je d\u016fvod, pro\u010d ceny jejich akci\u00ed dlouhodob\u011b rostou. Ne n\u011bjak\u00e9 statistiky.  <\/p>\n<p>Kdy\u017e kupujete akcie, kupujete byznys.<br \/>\nA kdy\u017e kupujete akciov\u00e9 trhy t\u0159eba p\u0159es akciov\u00e9 ETF, kupujete diverzifikovan\u00e9 portfolio firem.<\/p>\n<p>Pod\u00edl\u00edte se na podnik\u00e1n\u00ed t\u011bch nejv\u011bt\u0161\u00edch firem sv\u011bta.<br \/>\nN\u011bkter\u00fdm z nich se bude da\u0159it v\u00edce, a n\u011bkter\u00fdm m\u00e9n\u011b.<br \/>\nDlouhodob\u011b zisky t\u011bchto firem porostou, a vy budete profitovat.<br \/>\nNa tom je zalo\u017eena strategie dlouhodob\u00e9ho investov\u00e1n\u00ed.<\/p>\n<p>Abych byl korektn\u00ed, mus\u00edm dodat, \u017ee to plat\u00ed, pokud se nezhrout\u00ed kapitalismus.<br \/>\nPak bychom ale m\u011bli jin\u00e9 starosti, ne\u017e v\u00fdvoj na\u0161eho portfolia.<\/p>\n<p>Co si z toho odn\u00e9st?<\/p>\n<p>Nem\u011blo by n\u00e1s zaj\u00edmat to, jestli jsou akcie na maximech.<br \/>\nM\u011blo by n\u00e1s zaj\u00edmat, jestli jsou drah\u00e9, nebo levn\u00e9, z hlediska jejich zisk\u016f a tr\u017eeb.<\/p>\n<p>Ve Fichtner s.r.o si mysl\u00edme, \u017ee akcie moment\u00e1ln\u011b nejsou tak drah\u00e9.<br \/>\nM\u00e1 smysl do nich st\u00e1le investovat.<br \/>\nI kdy\u017e u\u017e zase dos\u00e1hly maxima.<br \/>\nBl\u00ed\u017ee o tom  hovo\u0159\u00edme v na\u0161\u00ed anal\u00fdze aktu\u00e1ln\u00edch valuac\u00ed, kterou p\u0159ipravujeme ka\u017ed\u00fd m\u011bs\u00edc.<\/p>\n<p>Pokud v\u00e1m to, co \u0159\u00edk\u00e1m, d\u00e1v\u00e1 smysl, tak m\u016f\u017eete videu d\u00e1l Like, anebo p\u0159\u00edpadn\u011b napsat koment\u00e1\u0159.<br \/>\nD\u011bkuji v\u00e1m za pozornost.<\/p>\n<h3>D\u00edv\u00e1te se na akcie kr\u00e1tkodob\u011b nebo dlouhodob\u011b?<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Objevuj\u00ed se \u010dl\u00e1nky, \u017ee akcie jsou bl\u00edzko sv\u00fdch historick\u00fdch maxim. M\u00e1me se tedy ob\u00e1vat, proto\u017ee trhy vyrostly a u\u017e nen\u00ed kam by mohly r\u016fst d\u00e1l? P\u0159ekvapiv\u011b to nen\u00ed tak d\u016fle\u017eit\u00e9, jak se zd\u00e1.<\/p>\n","protected":false},"author":5,"featured_media":245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"_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":[],"class_list":["post-244","post","type-post","status-publish","format-video","has-post-thumbnail","category-video-tipy","post_format-post-format-video","entry"],"_links":{"self":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/244","targetHints":{"allow":["GET"]}}],"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\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/comments?post=244"}],"version-history":[{"count":3,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/244\/revisions"}],"predecessor-version":[{"id":249,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/posts\/244\/revisions\/249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/media\/245"}],"wp:attachment":[{"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/media?parent=244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/categories?post=244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investguru.cz\/cs\/wp-json\/wp\/v2\/tags?post=244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}