投资 阅读时间:3分钟

价值与. 投资增长

Looking at their recent track records doesn’t do much to settle the debate. Over the past decade, as a whole, value stocks have not performed as well as growth stocks. But looking at a larger body of cumulative data, 可以追溯到1926年, 但情况并非总是如此. 让我们再深入一点.1

投资价值

价值投资者在寻找便宜货. 这是, they attempt to find stocks that are trading below the value of the companies they represent. If they consider a stock to be underpriced, it’s an opportunity to buy. If they consider it overpriced, it’s an opportunity to sell. 一旦他们购买了一支股票, value investors seek to ride the price upward as the security returns to its “fair market” price – selling it when this price objective is reached.

Most value investors use detailed analysis to identify stocks that may be undervalued. 他们将检查公司的资产负债表, 财务报表, and cash flow statements to get a clear picture of its assets, 负债, 收入, 和费用.

One of the key tools value investors use is financial ratios. 例如, 确定公司的账面价值, a value analyst would subtract the company’s 负债 from its assets. This book value can then be divided by the number of outstanding shares to determine the book-value-per-share – a ratio that would then be compared with the book-value-per-share of other companies in the same industry or to the overall market.

投资对经济增长

Growth investors are using today’s information to identify tomorrow’s strongest stocks. They’re looking for “winners” – stocks of companies within industries that are expected to experience substantial growth. They seek companies in a position to generate 收入 or earnings greater than what the market expects. 当成长型投资者发现有希望的股票时, 他们买它, even if it has already experienced rapid price appreciation, in the hope that its price will continue to rise as the company grows and attracts more investors.

Where value investors use analysis, growth investors use criteria. Growth investors are more concerned about whether a company is exhibiting behavior that suggests it will be one of tomorrow’s leaders; they are less focused on the value of the underlying company.

例如, growth investors may favor companies with a sustainable competitive advantage that are expected to experience rapid revenue growth, 能够有效地控制成本, and that have an experienced management team in place.

Value and growth investing are opposing strategies. A stock prized by a value investor might be considered worthless by a growth investor, ,反之亦然. 这是正确的? A close review of your personal situation can help determine which strategy may be right for you.

1. 《爱博体育app下载》.com, 2020

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. 请咨询法律或税务专业人士 for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG套件不隶属于命名的 broker-dealer, state- or SEC-registered investment advisory firm. 所表达的意见及 所提供的资料仅供参考, and should not be considered a solicitation for the purchase or 出售任何证券. 版权所有2021 FMG套件.

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