{"id":3543,"date":"2020-04-19T07:24:17","date_gmt":"2020-04-19T00:24:17","guid":{"rendered":"https:\/\/hoclamgiau.vn\/?p=3543"},"modified":"2020-04-21T17:36:41","modified_gmt":"2020-04-21T10:36:41","slug":"nhung-nguyen-tac-vang-dau-tu-chung-khoan","status":"publish","type":"post","link":"https:\/\/hoclamgiau.vn\/nhung-nguyen-tac-vang-dau-tu-chung-khoan\/","title":{"rendered":"Nh\u1eefng nguy\u00ean t\u1eafc V\u00c0NG \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n t\u1eeb kinh nghi\u1ec7m X\u01af\u01a0NG M\u00c1U"},"content":{"rendered":"

Hi\u1ec3u r\u00f5 nh\u1eefng nguy\u00ean t\u1eafc v\u00e0ng \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n s\u1ebd gi\u00fap b\u1ea1n n\u00e9 tr\u00e1nh \u0111\u01b0\u1ee3c nh\u1eefng r\u1ee7i ro, n\u1eafm b\u1eaft \u0111\u01b0\u1ee3c c\u01a1 h\u1ed9i. Chia s\u1ebb nh\u1eefng kinh nghi\u1ec7m \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n t\u1ea1i Vi\u1ec7t Nam.<\/b><\/span><\/p>\n

1. Nh\u1eefng \u0111i\u1ec1u c\u1ea7n bi\u1ebft khi ch\u01a1i ch\u1ee9ng kho\u00e1n<\/b><\/span><\/h2>\n

1.1 Nguy\u00ean t\u1eafc s\u1ed1 1: Kh\u00f4ng \u0111\u1ec3 m\u1ea5t ti\u1ec1n c\u1ee7a Warren Buffett<\/b><\/span><\/h3>\n

Warren Buffett t\u1eebng \u0111\u01b0a ra nguy\u00ean t\u1eafc: “Quy t\u1eafc 1: Kh\u00f4ng bao gi\u1edd m\u1ea5t ti\u1ec1n. Quy t\u1eafc s\u1ed1 2: Kh\u00f4ng bao gi\u1edd qu\u00ean quy t\u1eafc 1\u201d<\/span><\/p>\n

Nguy\u00ean t\u1eafc n\u00e0y \u0111\u01b0\u1ee3c Warren Buffett \u0111\u01b0a ra v\u00e0 tr\u1edf th\u00e0nh m\u1ed9t nguy\u00ean t\u1eafc n\u1ed5i ti\u1ebfng nh\u1ea5t tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. Nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n n\u00e0y gi\u1eef cho ch\u00fang ta c\u1ea9n tr\u1ecdng trong nh\u1eefng kho\u1ea3n \u0111\u1ea7u t\u01b0 ti\u1ec1m \u1ea9n r\u1ee7i ro cao. \u0110\u1eebng bao gi\u1edd b\u1ea1n \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n v\u1edbi t\u00e2m l\u00fd \u0111\u00e1nh m\u1ea5t m\u1ed9t ch\u00fat ti\u1ec1n c\u0169ng \u0111\u01b0\u1ee3c.<\/span><\/p>\n

\"Nguy\u00ean<\/p>\n

Nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 d\u00f9 m\u1edbi ch\u01a1i hay \u0111\u00e3 c\u00f3 nhi\u1ec1u kinh nghi\u1ec7m c\u1ea7n ph\u1ea3i n\u1ed7 l\u1ef1c l\u00e0m vi\u1ec7c ch\u0103m ch\u1ec9. H\u00e3y \u0111\u1ea7u t\u01b0 v\u00e0o nh\u1eefng c\u00f4ng ty m\u00e0 b\u1ea1n th\u1ef1c s\u1ef1 am hi\u1ec3u v\u1ec1 ban l\u00e3nh \u0111\u1ea1o, k\u1ebf ho\u1ea1ch kinh doanh, c\u00e1c ch\u1ec9 s\u1ed1 v\u1ec1 t\u00e0i ch\u00ednh t\u1ed1t, \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu \u1edf m\u1ee9c h\u1ee3p l\u00fd.<\/span><\/p>\n

Trong cu\u1ed9c kh\u1ee7ng ho\u1ea3ng t\u00e0i ch\u00ednh n\u0103m 2008, Warren Buffett \u0111\u00e3 t\u1eebng m\u1ea5t r\u1ea5t nhi\u1ec1u ti\u1ec1n. Tuy nhi\u00ean, \u1edf th\u1eddi \u0111i\u1ec3m hi\u1ec7n t\u1ea1i \u00f4ng \u0111\u00e3 l\u1ea5y l\u1ea1i \u0111\u01b0\u1ee3c t\u1ea5t c\u1ea3 nh\u1eefng kho\u1ea3n thua l\u1ed7 tr\u01b0\u1edbc \u0111\u00f3. \u00d4ng c\u0169ng cho r\u1eb1ng th\u00e1i \u0111\u1ed9 k\u1ef7 lu\u1eadt c\u1ee7a m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng h\u01a1n c\u1ea3 tr\u00ed tu\u1ec7. B\u1ea1n bi\u1ebft \u0111\u1ea5y, ch\u00fang ta ph\u00e2n t\u00edch k\u1ef9 thu\u1eadt gi\u1ecfi nh\u01b0ng l\u1ea1i b\u1ecb chi ph\u1ed1i b\u1edfi l\u00f2ng tham, s\u1ef1 s\u1ee3 h\u00e3i. Ch\u00ednh \u0111i\u1ec1u \u0111\u00f3 \u0111\u00e3 khi\u1ebfn ch\u00fang ta lao m\u00ecnh v\u00e0o mua nh\u1eefng c\u1ed5 phi\u1ebfu c\u00f3 m\u1ee9c r\u1ee7i ro cao nh\u01b0ng gi\u00e1 r\u1ebb v\u00e0 d\u1eabn t\u1edbi thua l\u1ed7 n\u1eb7ng.<\/span><\/p>\n

1.2. \u0110a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0<\/b><\/span><\/h3>\n

Nguy\u00ean t\u1eafc n\u00e0y c\u00f2n c\u00f3 t\u00ean g\u1ecdi kh\u00e1c l\u00e0 ph\u01b0\u01a1ng ph\u00e1p \u0111\u1ea7u t\u01b0 c\u00e2n b\u1eb1ng. Nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng t\u1eadp trung mua v\u00e0o ch\u1ec9 duy nh\u1ea5t m\u1ed9t lo\u1ea1i c\u1ed5 phi\u1ebfu m\u00e0 h\u1ecd s\u1ebd mua nhi\u1ec1u lo\u1ea1i c\u1ed5 phi\u1ebfu thu\u1ed9c c\u00e1c ng\u00e0nh ngh\u1ec1 kh\u00e1c nhau. Khi m\u1ed9t ng\u00e0nh ngh\u1ec1 c\u00f3 bi\u1ebfn \u0111\u1ed9ng gi\u00e1 c\u1ed5 phi\u1ebfu suy gi\u1ea3m th\u00ec b\u1ea1n v\u1eabn c\u00f2n nh\u1eefng c\u1ed5 phi\u1ebfu thu\u1ed9c nh\u00f3m ng\u00e0nh kh\u00e1c kh\u00f4ng b\u1ecb \u1ea3nh h\u01b0\u1edfng. Nh\u00f3m c\u1ed5 phi\u1ebfu kh\u00f4ng b\u1ecb \u1ea3nh h\u01b0\u1edfng n\u00e0y c\u00f3 th\u1ec3 gi\u00fap b\u1ea1n c\u00e2n b\u1eb1ng \u0111\u01b0\u1ee3c kho\u1ea3n l\u1ed7 v\u00e0 b\u1ea3o v\u1ec7 t\u00e0i s\u1ea3n cho b\u1ea1n.<\/span><\/p>\n

V\u1eady n\u00ean \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 nh\u01b0 th\u1ebf n\u00e0o? V\u1ec1 c\u01a1 b\u1ea3n, b\u1ea1n n\u00ean ch\u1ecdn t\u1ed1i thi\u1ec3u 2 nh\u00f3m ng\u00e0nh tr\u1edf l\u00ean m\u00e0 ch\u00fang kh\u00f4ng c\u00f3 s\u1ef1 li\u00ean h\u1ec7 tr\u1ef1c ti\u1ebfp v\u1edbi nhau.\u00a0<\/span><\/p>\n

Vd: N\u1ebfu nh\u01b0 b\u1ea1n \u0111\u00e3 ch\u1ecdn mua c\u1ed5 phi\u1ebfu cty b\u1ea5t \u0111\u1ed9ng s\u1ea3n th\u00ec b\u1ea1n kh\u00f4ng n\u00ean ch\u1ecdn mua ti\u1ebfp c\u1ed5 phi\u1ebfu thu\u1ed9c c\u00e1c c\u00f4ng ty x\u00e2y d\u1ef1ng. B\u1edfi v\u00ec 2 ng\u00e0nh ngh\u1ec1 n\u00e0y c\u00f3 s\u1ef1 li\u00ean quan ch\u1eb7t ch\u1ebd v\u1edbi nhau. Thay v\u00e0o \u0111\u00f3, b\u1ea1n c\u00f3 th\u1ec3 ch\u1ecdn CTY thu\u1ed9c nh\u00f3m ng\u00e0nh kh\u00e1c nh\u01b0 ch\u1ebf bi\u1ebfn, ch\u1ebf t\u1ea1o.<\/span><\/p>\n

C\u00e1c qu\u1ef9 ngo\u1ea1i hi\u1ec7n nay \u0111\u1ec1u \u0111a d\u1ea1ng h\u00f3a danh m\u1ee5c \u0111\u1ea7u t\u01b0 theo ph\u01b0\u01a1ng ph\u00e1p c\u00e2n b\u1eb1ng v\u00e0 vi\u1ec7c l\u00e0m n\u00e0y \u0111\u00e3 cho th\u1ea5y hi\u1ec7u qu\u1ea3.<\/span><\/p>\n

1.3. Giao d\u1ecbch theo nguy\u00ean t\u1eafc<\/b><\/span><\/h3>\n

Nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n t\u00e0i ba tr\u00ean th\u1ebf gi\u1edbi \u0111\u1ec1u th\u1ef1c hi\u1ec7n mua v\u00e0 b\u00e1n c\u1ed5 phi\u1ebfu theo nh\u1eefng nguy\u00ean t\u1eafc nh\u1ea5t \u0111\u1ecbnh. H\u1ecd lu\u00f4n tu\u00e2n th\u1ee7 nh\u1eefng nguy\u00ean t\u1eafc do b\u1ea3n th\u00e2n \u0111\u1eb7t ra m\u1ed9t c\u00e1ch tri\u1ec7t \u0111\u1ec3. Khi b\u1ea1n ph\u00e1 v\u1ee1 nh\u1eefng nguy\u00ean t\u1eafc do ch\u00ednh b\u1ea1n \u0111\u1eb7t ra c\u0169ng l\u00e0 l\u00fac b\u1ea1n s\u1ebd ph\u1ea3i \u0111\u1ed1i di\u1ec7n v\u1edbi nh\u1eefng r\u1ee7i ro kh\u00f4ng l\u01b0\u1eddng tr\u01b0\u1edbc \u0111\u01b0\u1ee3c.<\/span><\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean x\u00e1c l\u1eadp cho m\u00ecnh nh\u1eefng nguy\u00ean t\u1eafc nh\u1ea5t \u0111\u1ecbnh khi \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n. B\u1ea1n ph\u1ea3i ki\u00ean tr\u00ec th\u1ef1c hi\u1ec7n \u0111\u00fang theo nh\u1eefng quy t\u1eafc m\u00e0 b\u1ea1n \u0111\u00e3 \u0111\u1eb7t ra. C\u00e1c quy t\u1eafc \u0111\u1ea7u t\u01b0 c\u01a1 b\u1ea3n g\u1ed3m: gi\u00e1 b\u00e1n c\u1eaft l\u1ed7, gi\u00e1 b\u00e1n m\u1ee5c ti\u00eau, gi\u00e1 mua c\u1ed5 phi\u1ebfu h\u1ee3p l\u00fd,…<\/span><\/p>\n

1.4 Am hi\u1ec3u v\u1ec1 l\u0129nh v\u1ef1c kinh doanh c\u1ee7a c\u00f4ng ty<\/b><\/span><\/h3>\n

Khi b\u1ea1n mua c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed9t c\u00f4ng ty \u0111\u1ed3ng ngh\u0129a v\u1edbi vi\u1ec7c b\u1ea1n s\u1edf h\u1eefu m\u1ed9t ph\u1ea7n c\u1ee7a doanh nghi\u1ec7p \u0111\u00f3. Th\u1eadt \u0111\u00e1ng s\u1ee3 n\u1ebfu nh\u01b0 b\u1ea1n ho\u00e0n to\u00e0n kh\u00f4ng hi\u1ec3u bi\u1ebft ch\u00fat g\u00ec v\u1ec1 l\u0129nh v\u1ef1c kinh doanh c\u1ee7a c\u00f4ng ty.\u00a0<\/span><\/p>\n

Kh\u00f4ng am hi\u1ec3u v\u1ec1 l\u0129nh v\u1ef1c kinh doanh c\u1ee7a cty s\u1ebd khi\u1ebfn b\u1ea1n kh\u00f4ng hi\u1ec3u r\u00f5 \u0111\u01b0\u1ee3c nh\u01b0ng thu\u1eadn l\u1ee3i, r\u1ee7i ro, r\u00e0o c\u1ea3n ng\u00e0nh m\u00e0 doanh nghi\u1ec7p s\u1ebd ph\u1ea3i \u0111\u1ed1i di\u1ec7n. V\u00ec th\u1ebf, r\u1ea5t d\u1ec5 x\u1ea3y ra t\u00ecnh tr\u1ea1ng \u0111\u1ecbnh gi\u00e1 sai c\u1ed5 phi\u1ebfu v\u00e0 \u0111\u01b0a ra nh\u1eefng quy\u1ebft \u0111\u1ecbnh sai l\u1ea7m.<\/span><\/p>\n

N\u1ebfu b\u1ea1n mu\u1ed1n mua c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed9t doanh nghi\u1ec7p m\u00e0 b\u1ea1n ch\u01b0a am hi\u1ec3u v\u1ec1 l\u0129nh v\u1ef1c kinh doanh th\u00ec b\u1ea1n n\u00ean t\u00ecm hi\u1ec3u ch\u00fang k\u1ef9 c\u00e0ng. N\u1ebfu v\u1eabn kh\u00f4ng th\u1ec3 hi\u1ec3u r\u00f5 \u0111\u01b0\u1ee3c l\u0129nh v\u1ef1c kinh doanh th\u00ec b\u1ea1n kh\u00f4ng n\u00ean s\u1edf h\u1eefu c\u1ed5 phi\u1ebfu n\u00e0y.<\/span><\/p>\n

Trong cu\u1ed9c b\u00f9ng n\u1ed5 c\u01a1n s\u1ed1t dot com, Warren Buffett \u0111\u00e3 \u0111\u1ee9ng ngo\u00e0i cu\u1ed9c ch\u01a1i v\u00ec \u00f4ng kh\u00f4ng th\u1ec3 hi\u1ec3u r\u00f5 \u0111\u01b0\u1ee3c m\u00f4 h\u00ecnh kinh doanh m\u1edbi m\u1ebb n\u00e0y. H\u00e0nh \u0111\u1ed9ng c\u1ee7a \u00f4ng \u0111\u01b0\u1ee3c \u0111\u00e1nh gi\u00e1 kh\u00f4n ngoan khi c\u01a1n s\u1ee5p \u0111\u1ed5 c\u1ee7a th\u1ecb tr\u01b0\u1eddng dot com di\u1ec5n ra v\u00e0o nh\u1eefng n\u0103m 2000.<\/span><\/p>\n

1.5 Nguy\u00ean t\u1eafc t\u00e2m l\u00fd tr\u00e1i ng\u01b0\u1ee3c v\u1edbi \u0111\u00e1m \u0111\u00f4ng<\/b><\/span><\/h3>\n

” H\u00e3y tham lam khi ng\u01b0\u1eddi kh\u00e1c s\u1ee3 h\u00e3i v\u00e0 h\u00e3y s\u1ee3 h\u00e3i khi ng\u01b0\u1eddi kh\u00e1c tham lam” Warren Buffett.<\/span><\/p>\n

\u0110\u1eebng \u0111\u1ec3 quy\u1ebft \u0111\u1ecbnh c\u1ee7a b\u1ea1n b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi t\u00e2m l\u00fd c\u1ee7a nh\u1eefng ng\u01b0\u1eddi kh\u00e1c. Nh\u1eefng th\u1ed1ng k\u00ea tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n cho th\u1ea5y ch\u1ec9 c\u00f3 kho\u1ea3ng 5% s\u1ed1 l\u01b0\u1ee3ng nh\u00e0 \u0111\u1ea7u t\u01b0 gi\u00e0nh \u0111\u01b0\u1ee3c chi\u1ebfn l\u01b0\u1ee3c, s\u1ed1 c\u00f2n l\u1ea1i \u0111\u1ec1u thua l\u1ed7. V\u00ec v\u1eady, nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00f4ng n\u00ean \u0111i theo xu h\u01b0\u1edbng \u0111\u00e1m \u0111\u00f4ng b\u1edfi nhi\u1ec1u kh\u1ea3 n\u0103ng b\u1ea1n s\u1ebd thua l\u1ed7 c\u00f9ng h\u1ecd.<\/span><\/p>\n

H\u00e3y mua c\u1ed5 phi\u1ebfu theo \u0111\u00e1nh gi\u00e1 c\u1ee7a ch\u00ednh b\u1ea1n v\u00e0 ch\u1ecbu tr\u00e1ch nhi\u1ec7m cho quy\u1ebft \u0111\u1ecbnh c\u1ee7a m\u00ecnh.<\/span><\/p>\n

1.6 \u0110\u1ecbnh gi\u00e1 ch\u00ednh x\u00e1c c\u00f4ng ty trong d\u00e0i h\u1ea1n<\/b><\/span><\/h3>\n

R\u1ea5t kh\u00f3 \u0111\u1ec3 b\u1ea1n bi\u1ebft \u0111\u01b0\u1ee3c li\u1ec7u ng\u00e0y mai c\u1ed5 phi\u1ebfu c\u00f3 t\u0103ng gi\u00e1 hay kh\u00f4ng? Tuy nhi\u00ean, b\u1ea1n ho\u00e0n to\u00e0n c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n \u0111\u01b0\u1ee3c c\u1ed5 phi\u1ebfu s\u1ebd t\u0103ng hay gi\u1ea3m trong m\u1ed9t v\u00e0i n\u0103m t\u1edbi. Nh\u00e0 \u0111\u1ea7u t\u01b0 Warren Buffett quan ni\u1ec7m r\u1eb1ng: “N\u1ebfu ho\u1ea1t \u0111\u1ed9ng kinh doanh c\u1ee7a m\u1ed9t doanh nghi\u1ec7p th\u1eadt s\u1ef1 t\u1ed1t, gi\u00e1 c\u1ed5 phi\u1ebfu sau c\u00f9ng c\u0169ng s\u1ebd thay \u0111\u1ed5i t\u01b0\u01a1ng x\u1ee9ng”.<\/span><\/p>\n

V\u00ec v\u1eady, ch\u00fang ta c\u1ea7n c\u00f3 nh\u1eefng ki\u1ebfn th\u1ee9c \u0111\u1ec3 \u0111\u1ecbnh gi\u00e1 doanh nghi\u1ec7p. C\u00e1c d\u1ea1ng \u0111\u1ecbnh gi\u00e1 bao g\u1ed3m: \u0111\u1ecbnh gi\u00e1 doanh nghi\u1ec7p tr\u00ean s\u1ed5 s\u00e1ch, \u0111\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu tr\u00ean s\u00e0n giao d\u1ecbch, \u0111\u1ecbnh gi\u00e1 m\u1ee9c t\u0103ng c\u1ed5 phi\u1ebfu trong t\u01b0\u01a1ng lai.<\/span><\/p>\n

Ngo\u00e0i ra, c\u00f3 nhi\u1ec1u y\u1ebfu t\u1ed1 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn vi\u1ec7c \u0111\u1ecbnh gi\u00e1 doanh nghi\u1ec7p nh\u01b0 r\u00e0o c\u1ea3n ng\u00e0nh, ch\u1ec9 s\u1ed1 P\/E, m\u1ee9c \u0111\u1ed9 trung th\u1ef1c c\u1ee7a l\u00e3nh \u0111\u1ea1o doanh nghi\u1ec7p.<\/span><\/p>\n

\u1ede th\u1ecb tr\u01b0\u1eddng Vi\u1ec7t Nam, c\u00f3 nh\u1eefng doanh nghi\u1ec7p \u0111\u01b0\u1ee3c \u0111\u1ecbnh gi\u00e1 cao h\u01a1n gi\u00e1 th\u1ecb th\u1ef1c. V\u00ec v\u1eady, \u0111\u1ed1i v\u1edbi nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 Vi\u1ec7t Nam, h\u1ecd c\u1ea7n ph\u1ea3i n\u1eafm v\u1eefng \u0111\u01b0\u1ee3c nh\u1eefng nguy\u00ean t\u1eafc v\u1ec1 \u0111\u1ecbnh gi\u00e1.<\/span><\/p>\n

1.7 Ki\u00ean nh\u1eabn trong \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n<\/b><\/span><\/h3>\n

Ki\u00ean nh\u1eabn l\u00e0 m\u1ed9t ph\u1ea9m t\u00ednh b\u1eaft bu\u1ed9c ph\u1ea3i c\u00f3 c\u1ee7a m\u1ed7i nh\u00e0 \u0111\u1ea7u t\u01b0. Tuy nhi\u00ean, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u00e3 kh\u00f4ng th\u1ec3 \u0111i theo k\u1ebf ho\u1ea1ch \u0111\u1ea7u t\u01b0 \u0111\u1ec1 ra do thi\u1ebfu s\u1ef1 ki\u00ean nh\u1eabn. \u1ede th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, xu h\u01b0\u1edbng \u0111\u1ea7u c\u01a1 ng\u00e0y c\u00e0ng t\u0103ng cao v\u00e0 n\u00f3 c\u00f3 th\u1ec3 cu\u1ed1n h\u00fat nh\u1eefng nh\u00e0 \u0111\u1ea7u t\u01b0 lao v\u00e0o m\u00e0 kh\u00f4ng suy ngh\u0129. Khi bong b\u00f3ng n\u1ed5 ra, nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00f3t mua c\u1ed5 phi\u1ebfu \u1edf gi\u00e1 \u0111\u1ec9nh s\u1ebd kh\u00f4ng th\u1ec3 tr\u00e1nh kh\u1ecfi vi\u1ec7c thua l\u1ed7 n\u1eb7ng n\u1ec1.<\/span><\/p>\n

Nh\u00e0 \u0111\u1ea7u t\u01b0 mong mu\u1ed1n ki\u1ebfm ti\u1ec1n nhanh ch\u1ec9 trong kho\u1ea3ng th\u1eddi gian ng\u1eafn v\u1edbi m\u1ee9c l\u1ee3i nhu\u1eadn 3% \u0111\u1ebfn 20%. Tuy nhi\u00ean, gi\u00e1 c\u1ed5 phi\u1ebfu bi\u1ebfn \u0111\u1ed9ng th\u1ea5t th\u01b0\u1eddng ph\u1ea7n l\u1edbn do nh\u1eefng tin \u0111\u1ed3n th\u1ea5t thi\u1ec7t v\u00e0 ch\u1eb3ng m\u1ea5y ch\u1ed1c gi\u00e1 quay \u0111\u1ea7u gi\u1ea3m. Nh\u1eefng kho\u1ea3n \u0111\u1ea7u t\u01b0 kh\u00f4ng d\u1ef1a tr\u00ean s\u1ef1 t\u00ednh to\u00e1n c\u1ea9n tr\u1ecdng, ki\u00ean nh\u1eabn b\u00e1m theo chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 \u0111\u1ec1 ra th\u01b0\u1eddng th\u1ea5t b\u1ea1i trong \u00ea ch\u1ec1.<\/span><\/p>\n

Ng\u01b0\u1ee3c l\u1ea1i, nh\u00e0 \u0111\u1ea7u t\u01b0 nghi\u00ean c\u1ee9u k\u1ef9 l\u01b0\u1ee1ng c\u00e1c b\u00e1o c\u00e1o c\u1ee7a doanh nghi\u1ec7p, th\u1ecb ph\u1ea7n, kh\u1ea3 n\u0103ng sinh l\u1eddi trong t\u01b0\u01a1ng lai. Sau \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 d\u1ef1a v\u00e0o nh\u1eefng th\u00f4ng tin n\u00e0y \u0111\u1ec3 \u0111\u1ec1 ra chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee5 th\u1ec3, ki\u00ean nh\u1eabn b\u00e1m s\u00e1t theo chi\u1ebfn l\u01b0\u1ee3c \u0111\u00e3 \u0111\u1ec1 ra s\u1ebd gi\u00e0nh \u0111\u01b0\u1ee3c chi\u1ebfn th\u1eafng.<\/span><\/p>\n

2. Kinh nghi\u1ec7m ch\u01a1i ch\u1ee9ng kho\u00e1n t\u1ea1i Vi\u1ec7t Nam<\/b><\/span><\/h2>\n

2.1 Kh\u00f4ng \u0111\u1ec3 b\u1ecb cu\u1ed1n theo t\u00e2m l\u00fd b\u1ea7y \u0111\u00e0n<\/b><\/span><\/h3>\n

T\u00e2m l\u00fd b\u1ea7y \u0111\u00e0n \u0111\u01b0\u1ee3c v\u00ed nh\u01b0 m\u1ed9t li\u1ec1u thu\u1ed1c k\u00edch th\u00edch \u0111\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n. N\u00f3 c\u00f3 th\u1ec3 gi\u00fap th\u1ecb tr\u01b0\u1eddng t\u0103ng \u0111i\u1ec3m m\u1ea1nh nh\u01b0ng c\u0169ng c\u00f3 th\u1ec3 khi\u1ebfn th\u1ecb tr\u01b0\u1eddng lao d\u1ed1c.<\/span><\/p>\n

\u0110\u1ed1i v\u1edbi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam, \u0111i\u1ec1u quan tr\u1ecdng ch\u00ednh l\u00e0 b\u1ea1n c\u00f3 th\u1ec3 d\u1ef1 \u0111o\u00e1n xu h\u01b0\u1edbng c\u1ee7a th\u1ecb tr\u01b0\u1eddng trong d\u00e0i h\u1ea1n. H\u00e3y quan s\u00e1t c\u00e1c ch\u1ec9 s\u1ed1 v\u00e0 c\u00e1c d\u1ea5u hi\u1ec7u t\u0103ng tr\u01b0\u1edfng c\u1ee7a c\u1ed5 phi\u1ebfu.<\/span><\/p>\n

C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n t\u1ea1i Vi\u1ec7t Nam r\u1ea5t d\u1ec5 b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi c\u00e1c th\u00f4ng tin l\u00e1 c\u1ea3i nh\u01b0 gi\u00e1 ngo\u1ea1i t\u1ec7 bi\u1ebfn \u0111\u1ed9ng, nguy c\u01a1 n\u1ee3 c\u00f4ng, l\u1ea1m ph\u00e1t, t\u00ecnh h\u00ecnh c\u0103ng th\u1eb3ng \u1edf bi\u1ec3n \u0110\u00f4ng,…. C\u00e1c th\u00f4ng tin n\u00e0y tr\u00ean th\u1ef1c t\u1ebf ch\u01b0a h\u1eb3n \u0111\u00e3 \u1ea3nh h\u01b0\u1edfng \u0111\u1ebfn ho\u1ea1t \u0111\u1ed9ng s\u1ea3n xu\u1ea5t, kinh doanh c\u1ee7a doanh nghi\u1ec7p. Th\u1ebf nh\u01b0ng, r\u1ea5t nhi\u1ec1u \u0111\u1ee3t b\u00e1n r\u00f2ng c\u1ed5 phi\u1ebfu \u0111\u00e3 t\u1eebng di\u1ec5n ra v\u00ec nh\u1eefng th\u00f4ng tin tr\u00ean, khi\u1ebfn nh\u00e0 \u0111\u1ea7u t\u01b0 l\u1ed7 n\u1eb7ng.<\/span><\/p>\n

M\u1ed9t kinh nghi\u1ec7m \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n quan tr\u1ecdng t\u1ea1i Vi\u1ec7t Nam \u0111\u00f3 l\u00e0:<\/span><\/p>\n

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam c\u00f3 kh\u1ed1i l\u01b0\u1ee3ng v\u1ed1n h\u00f3a v\u1eabn ch\u01b0a th\u1eadt s\u1ef1 l\u1edbn. V\u00ec th\u1ebf, nh\u00e0 \u0111\u1ea7u t\u01b0 ngo\u1ea1i r\u1ea5t kh\u00f3 b\u00e1n nhanh c\u1ed5 phi\u1ebfu trong th\u1eddi gian ng\u1eafn. H\u01a1n n\u1eefa, c\u00e1c qu\u1ef9 ngo\u1ea1i r\u1ea5t kh\u00f3 b\u1ecb \u1ea3nh h\u01b0\u1edfng b\u1edfi t\u00e2m l\u00fd b\u1ea7y \u0111\u00e0n.<\/span><\/p>\n

C\u00e1c bi\u1ec7n ph\u00e1p \u0111i\u1ec1u ch\u1ec9nh kinh t\u1ebf v\u0129 m\u00f4 c\u1ee7a ch\u00ednh ph\u1ee7 ho\u1ea1t \u0111\u1ed9ng t\u1ed1t h\u01a1n nh\u1eefng n\u0103m tr\u01b0\u1edbc. V\u00ec v\u1eady, \u00e1p l\u1ef1c v\u1ec1 t\u1ef7 gi\u00e1 ngo\u1ea1i t\u1ec7, th\u00e2m h\u1ee5t ng\u00e2n s\u00e1ch \u0111\u1ec1u \u0111\u01b0\u1ee3c ch\u00ednh ph\u1ee7 \u0111i\u1ec1u ch\u1ec9nh.<\/span><\/p>\n

2.2 \u0110\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n kh\u00f4ng ph\u1ea3i l\u00e0 \u0111\u00e1nh b\u1ea1c<\/b><\/span><\/h3>\n

T\u1ea1i Vi\u1ec7t Nam, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ed1 0 tham gia th\u1ecb tr\u01b0\u1eddng v\u00e0 cho r\u1eb1ng \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n c\u0169ng gi\u1ed1ng nh\u01b0 \u0111\u00e1nh b\u1ea1c. \u0110i\u1ec1u n\u00e0y ho\u00e0n to\u00e0n sai l\u1ea7m b\u1edfi th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n c\u0169ng gi\u1ed1ng nh\u01b0 h\u00e0n th\u1eed bi\u1ec3u c\u1ee7a n\u1ec1n kinh t\u1ebf.<\/span><\/p>\n

Nguy\u00ean nh\u00e2n khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n thua l\u1ed7 b\u1edfi s\u1ef1 thi\u1ebfu hi\u1ec3u bi\u1ebft v\u00e0 b\u1ea3n ch\u1ea5t ch\u1ee9ng kho\u00e1n kh\u00f4ng ph\u1ea3i l\u00e0 c\u1edd b\u1ea1c. V\u00ec th\u1ebf, b\u1ea1n kh\u00f4ng n\u00ean \u00f4m t\u00e2m l\u00fd may m\u1eafn, s\u1ebd kh\u00f4ng c\u00f3 chuy\u00ean mua c\u1ed5 phi\u1ebfu theo c\u1ea3m t\u00ednh m\u00e0 gi\u00e0nh \u0111\u01b0\u1ee3c ph\u1ea7n th\u1eafng.<\/span><\/p>\n

\u1ede g\u00f3c \u0111\u1ed9 kinh t\u1ebf, ch\u1ee9ng kho\u00e1n c\u00f2n mang l\u1ea1i gi\u00e1 tr\u1ecb g\u1ea5p b\u1ed9i cho \u0111\u1ea5t n\u01b0\u1edbc, ng\u01b0\u1eddi d\u00e2n h\u01a1n so v\u1edbi v\u00e0ng, b\u1ea5t \u0111\u1ed9ng s\u1ea3n.<\/span><\/p>\n

M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n t\u00e0i ba x\u1ee9ng \u0111\u00e1ng nh\u1eadn \u0111\u01b0\u1ee3c s\u1ef1 \u1ee7ng h\u1ed9, \u0111\u1ec1 cao t\u1eeb x\u00e3 h\u1ed9i v\u00ec h\u1ecd gi\u00e1n ti\u1ebfp b\u01a1m ti\u1ec1n cho n\u1ec1n kinh t\u1ebf.<\/span><\/p>\n

2.3 Am hi\u1ec3u quy lu\u1eadt th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam<\/b><\/span><\/h3>\n

M\u1ed7i th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u0111\u1ec1u c\u00f3 nh\u1eefng quy lu\u1eadt ri\u00eang v\u00e0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n Vi\u1ec7t Nam c\u0169ng v\u1eady. N\u1eafm v\u1eefng nh\u1eefng quy lu\u1eadt ch\u1ee9ng kho\u00e1n \u1edf Vi\u1ec7t Nam s\u1ebd gi\u00fap b\u1ea1n \u0111\u1ec1 ra chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n<\/a> ph\u00f9 h\u1ee3p v\u1edbi xu h\u01b0\u1edbng c\u1ee7a th\u1ecb tr\u01b0\u1eddng.<\/span><\/p>\n

\n

>> Xem th\u00eam: [T\u00ecm hi\u1ec3u] 7 Quy lu\u1eadt \u0111\u1ea7u t\u01b0 th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n \u1edf Vi\u1ec7t Nam<\/a><\/strong><\/span><\/p>\n<\/blockquote>\n

2.4 Ch\u1ed1t l\u1eddi ngay khi \u0111\u1ea1t m\u1ee9c mong mu\u1ed1n<\/b><\/span><\/h3>\n

Khi m\u1ee9c gi\u00e1 c\u1ed5 phi\u1ebfu \u0111\u00e3 t\u0103ng \u0111\u00fang m\u1ee9c m\u00e0 b\u1ea1n mong mu\u1ed1n, b\u1ea1n c\u1ea7n ph\u1ea3i ch\u1ed1t l\u1eddi ngay. H\u00e3y ki\u1ec3m so\u00e1t s\u1ef1 tham lam c\u1ee7a b\u1ea3n th\u00e2n, \u0111\u1eebng \u0111\u1ec3 x\u1ea3y ra t\u00ecnh tr\u1ea1ng \u201ctham th\u00ec th\u00e2m\u201d. Ch\u1ed1t l\u1eddi gi\u00fap b\u1ea1n gi\u1ea3m thi\u1ec3u \u0111\u01b0\u1ee3c m\u1ee9c \u0111\u1ed9 r\u1ee7i ro v\u00e0 b\u1ea1n n\u00ean \u0111\u1eb7t ra ng\u01b0\u1ee1ng gi\u00e1 ch\u1ed1t l\u1eddi th\u00edch h\u1ee3p.<\/span><\/p>\n

C\u00e1c m\u1ee9c \u0111\u1ec1 xu\u1ea5t ch\u1ed1t l\u1eddi dao \u0111\u1ed9ng kho\u1ea3ng 10% \u0111\u1ebfn 20% v\u00e0 t\u00f9y thu\u1ed9c v\u00e0o chi\u1ebfn l\u01b0\u1ee3c \u0111\u1ea7u t\u01b0 c\u1ee7a b\u1ea1n.<\/span><\/p>\n

Th\u1ebf nh\u01b0ng, c\u1ed5 phi\u1ebfu kh\u00f4ng th\u1ec3 \u0111\u1ea1t \u0111\u01b0\u1ee3c m\u1ee9c gi\u00e1 m\u1ee5c ti\u00eau trong th\u1eddi gian d\u00e0i, c\u00f3 nh\u1eefng d\u1eef li\u1ec7u x\u1ea5u th\u00ec b\u1ea1n n\u00ean c\u00f3 chi\u1ebfn l\u01b0\u1ee3c thay \u0111\u1ed5i danh m\u1ee5c \u0111\u1ea7u t\u01b0 cho ph\u00f9 h\u1ee3p. Kh\u00f4ng n\u00ean lao \u0111\u1ea7u theo nh\u1eefng c\u1ed5 phi\u1ebfu kh\u00f4ng mang l\u1ea1i l\u1ee3i nhu\u1eadn.\u00a0<\/span><\/p>\n

Nh\u01b0 v\u1eady, <\/span>hoclamgiau <\/span><\/a>\u00a0\u0111\u00e3 chia s\u1ebb \u0111\u1ebfn b\u1ea1n nh\u1eefng nguy\u00ean t\u1eafc v\u00e0ng trong \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n \u0111\u01b0\u1ee3c \u0111\u00fac k\u1ebft t\u1eeb nh\u1eefng kinh nghi\u1ec7m th\u1ef1c ti\u1ec5n. Hy v\u1ecdng c\u00e1c b\u1ea1n h\u00e0i l\u00f2ng v\u1edbi th\u00f4ng tin m\u00e0 ch\u00fang t\u00f4i \u0111\u00e3 cung c\u1ea5p v\u00e0 h\u1eb9n g\u1eb7p l\u1ea1i c\u00e1c b\u1ea1n trong nh\u1eefng n\u1ed9i dung ti\u1ebfp theo.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Hi\u1ec3u r\u00f5 nh\u1eefng nguy\u00ean t\u1eafc v\u00e0ng \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n s\u1ebd gi\u00fap b\u1ea1n n\u00e9 tr\u00e1nh \u0111\u01b0\u1ee3c nh\u1eefng r\u1ee7i ro, n\u1eafm b\u1eaft \u0111\u01b0\u1ee3c c\u01a1 h\u1ed9i. Chia s\u1ebb nh\u1eefng kinh nghi\u1ec7m \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n <\/p>\n","protected":false},"author":155708580,"featured_media":3549,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[433939229],"tags":[],"_links":{"self":[{"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/posts\/3543"}],"collection":[{"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/users\/155708580"}],"replies":[{"embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/comments?post=3543"}],"version-history":[{"count":0,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/posts\/3543\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/media\/3549"}],"wp:attachment":[{"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/media?parent=3543"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/categories?post=3543"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hoclamgiau.vn\/wp-json\/wp\/v2\/tags?post=3543"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}