大家给个意见,不用现金,这么做能不能稳稳当当拿 8% 回报?
- 主题发起人 terry890
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http://www.boc.cn/en/bocinfo/bi4/201107/t20110706_1444508.html
亲呀，那5％是三年存款利率。
三年借款利率2.5％，这中间就2.5％的差价。
这2.5％吧，10万一年才2500。就在汇率不变的情况下，还要考虑汇率损失，汇款费用，七七八八的自己能赚的可能就2％左右。
谁能保证人民币升值，加币就不升呢。前两年加币升的可比人民币还快。
把钱压三年，不能随时兑现不说，还要承担汇率风险，最后弄一个不到两位数的回报，费劲儿。
现在很多PREFERRED SHARE都给小5％的分红了，几乎没风险的，安全多了。
亲呀，那5％是三年存款利率。
三年借款利率2.5％，这中间就2.5％的差价。
这2.5％吧，10万一年才2500。就在汇率不变的情况下，还要考虑汇率损失，汇款费用，七七八八的自己能赚的可能就2％左右。
谁能保证人民币升值，加币就不升呢。前两年加币升的可比人民币还快。
把钱压三年，不能随时兑现不说，还要承担汇率风险，最后弄一个不到两位数的回报，费劲儿。
现在很多PREFERRED SHARE都给小5％的分红了，几乎没风险的，安全多了。
You can use your refinancial money 10W buy bond and get 6-7% return this year, the interest 2.5% you paid will tax deductable, if your tax rate at 46%, you only pay 1.325% interest for the money you borrowed. You can get a return $5675 a year = (7%-1.325%)*10W . But for 10W is too small,you need do some leverage. For example 4 time 10W, then you can get $22700 a year.
shemozhuben
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Right now is the WORST time to invest in long term bond. The 10 years Canadian Govt Bonds is at historical low of 2%. The rate will stay low for 2-3 more years. If interest rate rises, the value of the bond drops to compensate the rise in interest rate. However it's relatively safe to invest in short term bond. The only problem is the 5 years Canadian Govt Bonds yields just 1.36%.
lazycatcat
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Borrowing money to invest is a VERY BAD idea for amateur investors.
Buying preferred shares at or above par value is NOT a good idea according to Graham. The two reasons are:
1. Preferred shares lack covenant protection that exists in bonds.
2. Preferred shares lack potential for principal appreciation that exists in common stocks.
Therefore, the only time to buy preferred shares is at a big discount to par, the condition of which existed back in 2008 amid pinnacle of the financial crisis.
People might be thinking of preferred shares of major Canadian banks. Currently, they are yielding at around 4.5% and selling price is normally above par (say $26 for $25 par value).
The idea might be that buying preferred shares from all five banks have little risk of default.
While the default risk is low, all bank preferred (except a few at high price with floating rate) shares are PERMANENT. In other words, there is no maturity date (except those few at very high price) and the banks have NO obligation to redeem them.
Therefore, the interest risk of these issues is real.
An interesting thing now is that ry.to is yielding 5%, which is higher than almost all of its preferred shares. Same condition exists for other bank shares. So, an interesting time ...
Buying preferred shares at or above par value is NOT a good idea according to Graham. The two reasons are:
1. Preferred shares lack covenant protection that exists in bonds.
2. Preferred shares lack potential for principal appreciation that exists in common stocks.
Therefore, the only time to buy preferred shares is at a big discount to par, the condition of which existed back in 2008 amid pinnacle of the financial crisis.
People might be thinking of preferred shares of major Canadian banks. Currently, they are yielding at around 4.5% and selling price is normally above par (say $26 for $25 par value).
The idea might be that buying preferred shares from all five banks have little risk of default.
While the default risk is low, all bank preferred (except a few at high price with floating rate) shares are PERMANENT. In other words, there is no maturity date (except those few at very high price) and the banks have NO obligation to redeem them.
Therefore, the interest risk of these issues is real.
An interesting thing now is that ry.to is yielding 5%, which is higher than almost all of its preferred shares. Same condition exists for other bank shares. So, an interesting time ...
lazycatcat
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Plus, preferred shares tend to behave like common stocks when the market is under stress.
A few years ago, all Canadian preferred were sold at around $16 to $17 for a par value of $25. While actual default might be remote, not many people could hold tight.
S&P 500 is currently yielding around 2%. For a mere 2.5% spread with no upside but with real interest rate risk and market risk, it is very hard to see the rationale of buying preferred shares ....
A few years ago, all Canadian preferred were sold at around $16 to $17 for a par value of $25. While actual default might be remote, not many people could hold tight.
S&P 500 is currently yielding around 2%. For a mere 2.5% spread with no upside but with real interest rate risk and market risk, it is very hard to see the rationale of buying preferred shares ....
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很多PREFERRED SHARE，在市场波动的时候价格基本不动，并一直保持正值。这在于对PREFERRED SHARE的选择，就跟做股票一样，做股票赔钱做的不好，不能就笼统的说股票不赚钱，不能做，只能说在操作上和选股上有提高的余地。
买PREFERRED SHARE要么是在低于PAR很多的时候从二级市场买（我从来不这样做）；或者在IPO的时候买，一般都在PAR或者稍微低一些价格。只要选的正确，即便不到期，同样可以在二级市场交易，并且获利。
举几例子，都是这几年发的，在去年市场跌的时候他们都保持正回报。BNS的那个因为可以被CALL 走，去年还在没到期之前被SCOTIABANK买回去了一些.括号里是从IPO到现在的价格增值（不算DIVIDEND的）
1. BSC.PR.B (+1.32%)
BNS SPLIT CORP II SERIES 1 PFD SHS.
2. GWO.PR.L(+5.28%)
GREAT-WEST LIFECO INC 5.65% NON-CUM 1ST PFD SER L
3. TRP.PR.A(+6.68%)
TRANSCANADA CORPORATION 4.6% CUM RED 5YR RST 1ST PF S1
4. TRP.PR.C(+3.48%)
TRANSCANADA CORPORATION 4.40% RED CUM 1ST PFD SER 5
买PREFERRED SHARE要么是在低于PAR很多的时候从二级市场买（我从来不这样做）；或者在IPO的时候买，一般都在PAR或者稍微低一些价格。只要选的正确，即便不到期，同样可以在二级市场交易，并且获利。
举几例子，都是这几年发的，在去年市场跌的时候他们都保持正回报。BNS的那个因为可以被CALL 走，去年还在没到期之前被SCOTIABANK买回去了一些.括号里是从IPO到现在的价格增值（不算DIVIDEND的）
1. BSC.PR.B (+1.32%)
BNS SPLIT CORP II SERIES 1 PFD SHS.
2. GWO.PR.L(+5.28%)
GREAT-WEST LIFECO INC 5.65% NON-CUM 1ST PFD SER L
3. TRP.PR.A(+6.68%)
TRANSCANADA CORPORATION 4.6% CUM RED 5YR RST 1ST PF S1
4. TRP.PR.C(+3.48%)
TRANSCANADA CORPORATION 4.40% RED CUM 1ST PFD SER 5
