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
25
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.
【F3】
选项
答案
违背常识的是,许多投资者对拥有太多本公司股票的危险视而不见。
解析
转载请注明原文地址:https://kaotiyun.com/show/TG6Z777K
0
考研英语一
相关试题推荐
Lookatyoursmartphone.Thinkaboutthedecisionsyouwillmakeonittoday.Youmaysnatchadinner【C1】______,tellyourspous
Asiftheyneededanymoreexcuse,newresearchsuggestsmenneedtheirsleepifthey’retolivealonglife.Women,ontheothe
Couldyoursmartphonepreventacarfromhittingyou?GeneralMotorsandotherresearchersthinkthat’sapossibility【C1】______a
Longtimeago,everyoneknewthatregularbedtimeswereimportant."Dreamon!"mostmodernparentsmightreply.Butresearchby
WhenPaulGorski,thefounderofanorganizationcalledEdChange,visitscollegesanduniversitiestoadvisethemoncampusdive
Thedifferencebetween"writer"and"reporter"or"journalist"isn’tthatthejournalistreports—she【C1】______sources,callspeo
WhentheresidentsofBuenosAireswanttochangethepesostheydonottrustintothedollarstheydo,theygotoacueva,or"
WhentheresidentsofBuenosAireswanttochangethepesostheydonottrustintothedollarstheydo,theygotoacueva,or"
Thebookseemstobemoreadictionarythanagrammarbook.
Thebookseemstobemoreadictionarythanagrammarbook.
随机试题
女性,22岁,因右鼻旁疖,患者自行挑破后,突然出现头痛、寒战、高热39.5℃,考虑患者发生了()
下列哪种传染病的时间分布一般呈严格的季节性
在计算机系统上,一个字节等于()个位。
建设工程项目管理规划是指导项目管理工作的纲领性文件。关于建设工程项目管理规划的编制,下列说法正确的有()。
我国A公司以租赁方式从美国进口一台设备,该公司向海关申报时,需向海关提交的单据包括合同、发票、装箱单。
留存收益融资的缺点有()。
()是指导致行为或事件的相对不容易变化的因素。
一个控件在窗体上的位置由【】属性决定,其大小由Width和Height属性决定。
[A]benefits[I]flourishing[B]commissions[J]saddle[C]extravagant[K]inclination[D]similar[L]mounted[E]inaccessi
Ifyou’vegotacomplaint,thebestthingistoseethepersonconcernedand______withhim.
最新回复
(
0
)