首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
【F1】We’re moving; into another era, as the toxic effects of the bubble and its grave consequences spread through the financial s
【F1】We’re moving; into another era, as the toxic effects of the bubble and its grave consequences spread through the financial s
admin
2018-05-23
29
问题
【F1】
We’re moving; into another era, as the toxic effects of the bubble and its grave consequences spread through the financial system.
Just a couple of years ago investors dreamed of 20 percent returns forever. Now surveys show that they’re down to a "realistic" 8 percent to 10 percent range. But what if the next few years turn out to be below normal expectations? Martin Barners of the Bank Credit Analyst in Montreal expects future stock returns to average just 4 percent to 6 percent. Sound impossible?【F2】
After a much smaller bubble that burst in the mid-1960s Standard & Poor’s 5 000 stock average returned 6.9 percent a year(with dividends reinvested)for the following 17 years. Few investors are prepared for that.
Right now denial seems to be the attitude of choice."That’s typical," says Lori Lucas of Hewitt, the consulting firm. You hate to look at your investments when they’re going down. Hewitt tracks 500,000 401(k)accounts every day, and finds that savers are keeping their contributions up. But they’re much less inclined to switch their money around. "It’s the slot-machine effect," Lucas says, "People get more interested in playing when they think they’ve got a hot machine—and nothing’s hot today. The average investor feels overwhelmed."【F3】
Against all common sense, many savers still shut their eyes to the dangers of owning too much company stock.
In big companies last year, a surprising 29 percent of employees held at least three quarters of their 402(k)in their own stock. Younger employees may have no choice. You often have to wait until you’re 50 or 55 before you can sell any company stock you get as a matching contribution.【F4】
But instead of getting out when they can, old participants have been holding, too.
One third of the people 60 and up chose company stock for three quarters of their plan, Hewitt reports. Are they inattentive? Loyal to a fault? Sick? It’s as if Lucent, Enron and Xerox never happened.
No investor should give his or her total trust to any particular company’s stock. And while you’re at it, think how you’d be if future stock returns—averaging good years and bad—are as poor as Barnes predicts.【F5】
If you ask me, diversified stocks remain good for the long run, with a backup in bonds.
But I, too, am figuring on reduced returns. What a shame. Dear bubble, I’ll never forget. It’s the end of a grand affair.
【F2】
选项
答案
一个较小的投资泡沫于20世纪60年代破灭之后,在接下来的17年里标准普尔5 000股票的回报率平均一年为6.9%(包括红利再投资)。很少有投资者准备好了应对这个状况。
解析
转载请注明原文地址:https://kaotiyun.com/show/HG6Z777K
0
考研英语一
相关试题推荐
Goinghungryisamajorcontributortoillhealth,particularlyamongchildren,andanewreportrevealshowlong-lastingtheda
About3billionpeoplelivewithin100miles(160km)ofthesea,anumberthatcoulddoubleinthenextdecadeashumansflockt
About3billionpeoplelivewithin100miles(160km)ofthesea,anumberthatcoulddoubleinthenextdecadeashumansflockt
Couldyoursmartphonepreventacarfromhittingyou?GeneralMotorsandotherresearchersthinkthat’sapossibility【C1】______a
Couldyoursmartphonepreventacarfromhittingyou?GeneralMotorsandotherresearchersthinkthat’sapossibility【C1】______a
Peekthroughtheinspectionwindowsofthenearly100three-dimensional(3D)printersquietlymakingthingsatRedEye,acompany
Acandlelitdinnerworkswondersforromance.Nowscientistssayitcouldalsobegoodforyourheart.Breathingincandlesmoke
Scientistssaytheyhavefoundawaytoturnbodyfatintoabettertypeoffatthatburnsoffcaloriesandweight.TheUSJohns
Thedifferencebetween"writer"and"reporter"or"journalist"isn’tthatthejournalistreports—she【C1】______sources,callspeo
Formostofhumanhistoryrichpeoplehadthemostleisure.Ontheotherhand,thepoorhavetypicallyworkedpersistently.Hans
随机试题
我国松子按产地主要分为________。
热阻主要存在于热边界层外。()
A.抗核抗体周边型B.抗ss-B抗体C.抗JO-1抗体D.抗Scl-70抗体E.HLA-B27干燥综合征可见
心室肌有效不应期延续到
中暑时发生肌肉痛性痉挛最常见的部位是
甲状腺肿治疗的禁忌症
无保留意见的审计报告就是指注册会计师绝对保证被审计的财务报告真实、公允。 ( )
止损单中价格的选择可以利用()确定。
某市甲公司为增值税一般纳税人,主要从事化妆品生产销售。2014年3月发生以下业务:(1)以空运方式从境外进口化妆品一批,该批化妆品境外成交价格加运费折合人民币200万元,经海关审查,公司申报的完税价格未包含保险费,公司的解释是相关费用无法确定,海
音乐作品总是由一个核心部分发展起来的,这个核心部分就是音乐的()。
最新回复
(
0
)