Valerietanzx的个人主页 - 老虎社区

Valerietanzx

Valerietanzx

暂无个人介绍

IP属地：未知

10关注

3粉丝

0主题

0勋章

2021-03-06

Seems like i’s not the end to Bitcoin.

抱歉，原内容已删除

2021-03-04

Good article. Is it no strange we are so willing to pay double digit the earnings ratio.

抱歉，原内容已删除

2021-02-26

Everything’s red!

2021-02-24

Is the Bitcoin momentum really slowing or is this just a small contraction for bigger highs?

The Bitcoin Bubble Could Be Popping. It’s a Headwind for Some High-Flying Stocks.<blockquote>比特币泡沫可能会破裂。对于一些高速发展的股票来说，这是一个阻力。</blockquote>

2021-02-22

Can’t belive there are marijuana ETFs now.

Should you put your hard-earned money into marijuana stocks?<blockquote>你应该把你的血汗钱投入大麻股票吗？</blockquote>

2021-02-20

If it weren’t good, there wouldn’t be restrictions for such large sums of investment.

Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>

2021-02-17

I wonder how crypto will impact our lives in the future.

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3575359145069729","uuid":"3575359145069729","gmtCreate":1612425112728,"gmtModify":1612794117998,"name":"Valerietanzx","pinyin":"valerietanzx","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":3,"headSize":10,"tweetSize":7,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.06.20","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"976c19eed35f4cd78f17501c2e99ef37-1","templateUuid":"976c19eed35f4cd78f17501c2e99ef37","name":"博闻投资者","description":"累计交易超过10只正股","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"35ec162348d5460f88c959321e554969-1","templateUuid":"35ec162348d5460f88c959321e554969","name":"精英交易员","description":"证券或期货账户累计交易次数达到30次","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"60.51%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":12,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":320338047,"gmtCreate":1615011914189,"gmtModify":1703484226696,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359145069729","authorIdStr":"3575359145069729"},"themes":[],"htmlText":"Seems like i’s not the end to Bitcoin.&nbsp;","listText":"Seems like i’s not the end to Bitcoin.&nbsp;","text":"Seems like i’s not the end to Bitcoin.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320338047","repostId":"1182430321","repostType":4,"isVote":1,"tweetType":1,"viewCount":2830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364487371,"gmtCreate":1614870009893,"gmtModify":1703482310195,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359145069729","authorIdStr":"3575359145069729"},"themes":[],"htmlText":"Good article. Is it no strange we are so willing to pay double digit the earnings ratio.&nbsp;","listText":"Good article. Is it no strange we are so willing to pay double digit the earnings ratio.&nbsp;","text":"Good article. Is it no strange we are so willing to pay double digit the earnings ratio.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/364487371","repostId":"1156189136","repostType":4,"isVote":1,"tweetType":1,"viewCount":2134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368747020,"gmtCreate":1614355156260,"gmtModify":1703476903616,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359145069729","authorIdStr":"3575359145069729"},"themes":[],"htmlText":"Everything’s red!","listText":"Everything’s red!","text":"Everything’s red!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368747020","isVote":1,"tweetType":1,"viewCount":1128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":361023106,"gmtCreate":1614180080005,"gmtModify":1634550832236,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359145069729","authorIdStr":"3575359145069729"},"themes":[],"htmlText":"Is the Bitcoin momentum really slowing or is this just a small contraction for bigger highs?","listText":"Is the Bitcoin momentum really slowing or is this just a small contraction for bigger highs?","text":"Is the Bitcoin momentum really slowing or is this just a small contraction for bigger highs?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/361023106","repostId":"1155806524","repostType":2,"repost":{"id":"1155806524","kind":"news","pubTimestamp":1614135098,"share":"https://www.laohu8.com/m/news/1155806524?lang=zh_CN&edition=full","pubTime":"2021-02-24 10:51","market":"us","language":"en","title":"The Bitcoin Bubble Could Be Popping. It’s a Headwind for Some High-Flying Stocks.<blockquote>比特币泡沫可能会破裂。对于一些高速发展的股票来说，这是一个阻力。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155806524","media":"Barrons","summary":"A bear market in Bitcoin may be forming, potentially contributing to the selloff in some highflying ","content":"<p>A bear market in Bitcoin may be forming, potentially contributing to the selloff&nbsp;in&nbsp;some highflying stocks—if not the broader market.</p><p><blockquote>比特币的熊市可能正在形成，可能会导致一些飙升的股票（如果不是大盘的话）遭到抛售。</blockquote></p><p> Tesla(ticker:Tesla),PayPal Holdings(PYPL), and&nbsp;Square(Square), to name just a few, are trading in tighter correlation to the digital currency. Tesla recentlypurchased$1.5 billion of the digital currency, and said it plans to accept it as payment, fueling a surge in its stock.</p><p><blockquote>特斯拉（股票代码：特斯拉）、PayPal控股（PYPL）和Square（Square）等公司的交易与数字货币的相关性更紧密。特斯拉最近购买了15亿美元的数字货币，并表示计划接受其作为支付方式，推动其股价飙升。</blockquote></p><p> High-growth stocks are under pressure due to fears of rising interest rates and bond yields, which reduce the present value of future cash flows. Tesla and the online payment stocks are also crowded trades, making them vulnerable to a selloff.</p><p><blockquote>由于担心利率和债券收益率上升，降低了未来现金流的现值，高增长股票面临压力。特斯拉和在线支付股票的交易也很拥挤，很容易遭到抛售。</blockquote></p><p> PayPal Holdingsand Square are becoming digital-currency brokers, enabling consumers to buy and store Bitcoin on their apps, aiming to eventually allow people to use it to make purchases.</p><p><blockquote>PayPal控股和Square正在成为数字货币经纪商，使消费者能够在其应用程序上购买和存储比特币，旨在最终允许人们使用它进行购买。</blockquote></p><p> The stocks have been sliding as Bitcoin has been in free fall. The digital currency was recently trading around $47,300, down 10% in the past 24 hours and off 18% from highs around $58,000 on Feb. 21, according to CoinDesk.</p><p><blockquote>随着比特币直线下跌，股市一直在下滑。根据CoinDesk的数据，该数字货币最近的交易价格约为47,300美元，在过去24小时内下跌了10%，较2月21日58,000美元左右的高点下跌了18%。</blockquote></p><p> Falling prices of Bitcoin may be helping to drag down the broaderNasdaq CompositeIndex, which fell 2.5% Monday and was down 2.2% on Tuesday.</p><p><blockquote>比特币价格下跌可能会拖累纳斯达克综合指数，该指数周一下跌2.5%，周二下跌2.2%。</blockquote></p><p> The selloff in Bitcoin may have been overdue after its surge over the past few months, and it may have gotten a nudge from Treasury Secretary Janet Yellen. She labeled Bitcoin an “inefficient” currency and warned that it could be a sign of speculative excesses, in aninterviewpublished by the New York Times on Tuesday.</p><p><blockquote>在过去几个月的飙升之后，比特币的抛售可能已经姗姗来迟，而且可能得到了财政部长耶伦的推动。在《纽约时报》周二发表的采访中，她将比特币称为“低效”货币，并警告称这可能是过度投机的迹象。</blockquote></p><p> Traders appear to be taking Yellen’s comments as a sign that regulators in the Biden administration may erect more regulatory hurdles to crypto, making it tougher for banks and brokerages to offer commercial services in digital currencies.</p><p><blockquote>交易员似乎将耶伦的言论视为拜登政府监管机构可能会对加密货币设置更多监管障碍的迹象，使银行和券商更难以数字货币提供商业服务。</blockquote></p><p> TheNasdaq Compositeand other larger-cap indexes may be more closely tied to Bitcoin as the roster of companies involved in crpyto technology or services expands. It now includes the chip manufacturer&nbsp;Nvidia(NVDA), the internet retailer&nbsp;Overstock.com(OSTK), and banks such as&nbsp;Signature Bank(SBNY). Exchanges and brokerages such as&nbsp;CME Group(CME),Cboe Global Markets(CBOE), and Interactive Brokers (IBKR) are also turning into crypto bets as they expand trading in options and futures contracts related to digital currencies.</p><p><blockquote>随着涉及加密技术或服务的公司名单不断扩大，纳斯达克综合指数和其他大盘指数可能与比特币的联系更加紧密。它现在包括芯片制造商英伟达(NVDA)、互联网零售商Overstock.com(OSTK)以及Signature Bank(SBNY)等银行。芝商所(CME)、芝加哥期权交易所全球市场(CBOE)和盈透证券(IBKR)等交易所和券商也在转向加密货币押注，因为它们扩大了与数字货币相关的期权和期货合约的交易。</blockquote></p><p> Tesla’s push into Bitcoin was a vote of confidence in crypto, but it may also have turned Tesla into a proxy for the currency, fueling an exodus from the stock from investors who wanted a car maker, not a crypto play.</p><p><blockquote>特斯拉进军比特币是对加密货币投下的信任票，但它也可能将特斯拉变成了该货币的代表，促使那些想要汽车制造商而不是加密货币的投资者逃离该股。</blockquote></p><p> “By Musk and Tesla aggressively embracing Bitcoin (from a transactional perspective as well), investors are starting to tie Bitcoin and Tesla at the hip,” wrote Wedbush Securities analyst Dan Ives in a note on Tuesday, referring to Tesla CEO Elon Musk.</p><p><blockquote>Wedbush Securities分析师Dan Ives在周二的一份报告中写道：“通过马斯克和特斯拉积极拥抱比特币（也从交易角度来看），投资者开始将比特币和特斯拉绑在一起。”</blockquote></p><p> Bitcoin’s surge has also done wonders for stocks that were left for dead. Overstock, for instance, surged 850% from $2.50 to $85 over the past year, including a 77% gain this year. The company has built a portfolio of blockchain and crypto-companies&nbsp;under its Medici Ventures division. It now plans to convert that unit into a limited partnership called Pelion Venture Partners Fund.</p><p><blockquote>比特币的飙升也为那些奄奄一息的股票创造了奇迹。例如，Overstock在过去一年中从2.50美元飙升至85美元，飙升了850%，其中今年上涨了77%。该公司在其Medici Ventures部门下建立了区块链和加密公司的投资组合。它现在计划将该部门转变为一家名为Pelion Venture Partners Fund的有限合伙企业。</blockquote></p><p> Overstock was down 10% Tuesday, continuing a slide in the last few days as Bitcoin prices slumped.</p><p><blockquote>周二，Overstock下跌10%，随着比特币价格暴跌，延续了过去几天的下滑趋势。</blockquote></p><p> Bitcoin’s impact is being felt heavily in PayPal and Square. The companies earn transaction fees on cryptocurrencies, and they appear to be increasing customer engagement and revenue per user, compared with customers who aren’t involved in crypto.</p><p><blockquote>PayPal和广场都感受到了比特币的影响。这些公司通过加密货币赚取交易费，与不参与加密货币的客户相比，它们似乎正在增加客户参与度和每用户收入。</blockquote></p><p> Neither firm makes much profit off Bitcoin so far, and transactions involving the currency make minimal contributions to revenue. Wolfe analyst Darrin Peller estimates that Bitcoin contributes less than 1% to PayPal’s revenue, and slightly more to Square’s.</p><p><blockquote>到目前为止，两家公司都没有从比特币中获得太多利润，涉及该货币的交易对收入的贡献也很小。Wolfe分析师Darrin Peller估计，比特币对PayPal收入的贡献不到1%，对Square的贡献略高。</blockquote></p><p> “It’s not a major driver of revenue, but it’s a helpful tool to get customers more engaged,” he says. “As more people are engaged with the apps, they use their digital wallets more frequently, and more money goes into the ecosystem.”</p><p><blockquote>“它不是收入的主要驱动力，但它是让客户更多参与的有用工具，”他说。“随着越来越多的人使用这些应用程序，他们会更频繁地使用数字钱包，更多的钱进入生态系统。”</blockquote></p><p> Indeed, the apps could be conduits for Bitcoin to go mainstream. That, in turn, has fueled excitement about the stocks.</p><p><blockquote>事实上，这些应用程序可能是比特币成为主流的渠道。这反过来又加剧了人们对股票的兴奋。</blockquote></p><p> But they are now falling in tandem with Bitcoin. PayPal stock was down 6% Tuesday to $258 and is off 15% in the past five sessions from record highs around $305.</p><p><blockquote>但他们现在正与比特币并驾齐驱。PayPal股价周二下跌6%，至258美元，过去五个交易日较305美元左右的历史高点下跌15%。</blockquote></p><p> Square, which reports earnings after the close Tuesday, was down 7% to $248, off 9% from its record closing high of $272.75 on Feb. 12.</p><p><blockquote>Square周二收盘后公布财报，股价下跌7%，至248美元，较2月12日创纪录的收盘高点272.75美元下跌9%。</blockquote></p><p> The total value of Bitcoin remains formidable at nearly $1 trillion. The blockchain technology behind it is being embraced at banks and other financial firms.JPMorgan Chase(JPM)Citigroup(C), andWells Fargo(WFC) have all invested in blockchain. The custody bankBank of New York Mellonrecently announced that it would hold, transfer, and issue crypto for asset-management clients.</p><p><blockquote>比特币的总价值仍然惊人，接近1万亿美元。其背后的区块链技术正在被银行和其他金融公司所接受。摩根大通(JPM)、花旗集团(C)和富国银行(WFC)都投资了区块链。托管银行纽约梅隆银行最近宣布将为资产管理客户持有、转让和发行加密货币。</blockquote></p><p></p><p> More banks are eager to offer crypto services, notedBank of Americain a report on Tuesday, but they are waiting for guidance from Washington. It may be a while before investors see any impact on their income statements, however, especially if the Bitcoin bubble is now bursting.</p><p><blockquote>美国银行在周二的一份报告中指出，越来越多的银行渴望提供加密货币服务，但他们正在等待华盛顿的指导。然而，投资者可能需要一段时间才能看到对其损益表的任何影响，特别是如果比特币泡沫现在正在破裂的话。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Bitcoin Bubble Could Be Popping. It’s a Headwind for Some High-Flying Stocks.<blockquote>比特币泡沫可能会破裂。对于一些高速发展的股票来说，这是一个阻力。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Bitcoin Bubble Could Be Popping. It’s a Headwind for Some High-Flying Stocks.<blockquote>比特币泡沫可能会破裂。对于一些高速发展的股票来说，这是一个阻力。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-24 10:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A bear market in Bitcoin may be forming, potentially contributing to the selloff&nbsp;in&nbsp;some highflying stocks—if not the broader market.</p><p><blockquote>比特币的熊市可能正在形成，可能会导致一些飙升的股票（如果不是大盘的话）遭到抛售。</blockquote></p><p> Tesla(ticker:Tesla),PayPal Holdings(PYPL), and&nbsp;Square(Square), to name just a few, are trading in tighter correlation to the digital currency. Tesla recentlypurchased$1.5 billion of the digital currency, and said it plans to accept it as payment, fueling a surge in its stock.</p><p><blockquote>特斯拉（股票代码：特斯拉）、PayPal控股（PYPL）和Square（Square）等公司的交易与数字货币的相关性更紧密。特斯拉最近购买了15亿美元的数字货币，并表示计划接受其作为支付方式，推动其股价飙升。</blockquote></p><p> High-growth stocks are under pressure due to fears of rising interest rates and bond yields, which reduce the present value of future cash flows. Tesla and the online payment stocks are also crowded trades, making them vulnerable to a selloff.</p><p><blockquote>由于担心利率和债券收益率上升，降低了未来现金流的现值，高增长股票面临压力。特斯拉和在线支付股票的交易也很拥挤，很容易遭到抛售。</blockquote></p><p> PayPal Holdingsand Square are becoming digital-currency brokers, enabling consumers to buy and store Bitcoin on their apps, aiming to eventually allow people to use it to make purchases.</p><p><blockquote>PayPal控股和Square正在成为数字货币经纪商，使消费者能够在其应用程序上购买和存储比特币，旨在最终允许人们使用它进行购买。</blockquote></p><p> The stocks have been sliding as Bitcoin has been in free fall. The digital currency was recently trading around $47,300, down 10% in the past 24 hours and off 18% from highs around $58,000 on Feb. 21, according to CoinDesk.</p><p><blockquote>随着比特币直线下跌，股市一直在下滑。根据CoinDesk的数据，该数字货币最近的交易价格约为47,300美元，在过去24小时内下跌了10%，较2月21日58,000美元左右的高点下跌了18%。</blockquote></p><p> Falling prices of Bitcoin may be helping to drag down the broaderNasdaq CompositeIndex, which fell 2.5% Monday and was down 2.2% on Tuesday.</p><p><blockquote>比特币价格下跌可能会拖累纳斯达克综合指数，该指数周一下跌2.5%，周二下跌2.2%。</blockquote></p><p> The selloff in Bitcoin may have been overdue after its surge over the past few months, and it may have gotten a nudge from Treasury Secretary Janet Yellen. She labeled Bitcoin an “inefficient” currency and warned that it could be a sign of speculative excesses, in aninterviewpublished by the New York Times on Tuesday.</p><p><blockquote>在过去几个月的飙升之后，比特币的抛售可能已经姗姗来迟，而且可能得到了财政部长耶伦的推动。在《纽约时报》周二发表的采访中，她将比特币称为“低效”货币，并警告称这可能是过度投机的迹象。</blockquote></p><p> Traders appear to be taking Yellen’s comments as a sign that regulators in the Biden administration may erect more regulatory hurdles to crypto, making it tougher for banks and brokerages to offer commercial services in digital currencies.</p><p><blockquote>交易员似乎将耶伦的言论视为拜登政府监管机构可能会对加密货币设置更多监管障碍的迹象，使银行和券商更难以数字货币提供商业服务。</blockquote></p><p> TheNasdaq Compositeand other larger-cap indexes may be more closely tied to Bitcoin as the roster of companies involved in crpyto technology or services expands. It now includes the chip manufacturer&nbsp;Nvidia(NVDA), the internet retailer&nbsp;Overstock.com(OSTK), and banks such as&nbsp;Signature Bank(SBNY). Exchanges and brokerages such as&nbsp;CME Group(CME),Cboe Global Markets(CBOE), and Interactive Brokers (IBKR) are also turning into crypto bets as they expand trading in options and futures contracts related to digital currencies.</p><p><blockquote>随着涉及加密技术或服务的公司名单不断扩大，纳斯达克综合指数和其他大盘指数可能与比特币的联系更加紧密。它现在包括芯片制造商英伟达(NVDA)、互联网零售商Overstock.com(OSTK)以及Signature Bank(SBNY)等银行。芝商所(CME)、芝加哥期权交易所全球市场(CBOE)和盈透证券(IBKR)等交易所和券商也在转向加密货币押注，因为它们扩大了与数字货币相关的期权和期货合约的交易。</blockquote></p><p> Tesla’s push into Bitcoin was a vote of confidence in crypto, but it may also have turned Tesla into a proxy for the currency, fueling an exodus from the stock from investors who wanted a car maker, not a crypto play.</p><p><blockquote>特斯拉进军比特币是对加密货币投下的信任票，但它也可能将特斯拉变成了该货币的代表，促使那些想要汽车制造商而不是加密货币的投资者逃离该股。</blockquote></p><p> “By Musk and Tesla aggressively embracing Bitcoin (from a transactional perspective as well), investors are starting to tie Bitcoin and Tesla at the hip,” wrote Wedbush Securities analyst Dan Ives in a note on Tuesday, referring to Tesla CEO Elon Musk.</p><p><blockquote>Wedbush Securities分析师Dan Ives在周二的一份报告中写道：“通过马斯克和特斯拉积极拥抱比特币（也从交易角度来看），投资者开始将比特币和特斯拉绑在一起。”</blockquote></p><p> Bitcoin’s surge has also done wonders for stocks that were left for dead. Overstock, for instance, surged 850% from $2.50 to $85 over the past year, including a 77% gain this year. The company has built a portfolio of blockchain and crypto-companies&nbsp;under its Medici Ventures division. It now plans to convert that unit into a limited partnership called Pelion Venture Partners Fund.</p><p><blockquote>比特币的飙升也为那些奄奄一息的股票创造了奇迹。例如，Overstock在过去一年中从2.50美元飙升至85美元，飙升了850%，其中今年上涨了77%。该公司在其Medici Ventures部门下建立了区块链和加密公司的投资组合。它现在计划将该部门转变为一家名为Pelion Venture Partners Fund的有限合伙企业。</blockquote></p><p> Overstock was down 10% Tuesday, continuing a slide in the last few days as Bitcoin prices slumped.</p><p><blockquote>周二，Overstock下跌10%，随着比特币价格暴跌，延续了过去几天的下滑趋势。</blockquote></p><p> Bitcoin’s impact is being felt heavily in PayPal and Square. The companies earn transaction fees on cryptocurrencies, and they appear to be increasing customer engagement and revenue per user, compared with customers who aren’t involved in crypto.</p><p><blockquote>PayPal和广场都感受到了比特币的影响。这些公司通过加密货币赚取交易费，与不参与加密货币的客户相比，它们似乎正在增加客户参与度和每用户收入。</blockquote></p><p> Neither firm makes much profit off Bitcoin so far, and transactions involving the currency make minimal contributions to revenue. Wolfe analyst Darrin Peller estimates that Bitcoin contributes less than 1% to PayPal’s revenue, and slightly more to Square’s.</p><p><blockquote>到目前为止，两家公司都没有从比特币中获得太多利润，涉及该货币的交易对收入的贡献也很小。Wolfe分析师Darrin Peller估计，比特币对PayPal收入的贡献不到1%，对Square的贡献略高。</blockquote></p><p> “It’s not a major driver of revenue, but it’s a helpful tool to get customers more engaged,” he says. “As more people are engaged with the apps, they use their digital wallets more frequently, and more money goes into the ecosystem.”</p><p><blockquote>“它不是收入的主要驱动力，但它是让客户更多参与的有用工具，”他说。“随着越来越多的人使用这些应用程序，他们会更频繁地使用数字钱包，更多的钱进入生态系统。”</blockquote></p><p> Indeed, the apps could be conduits for Bitcoin to go mainstream. That, in turn, has fueled excitement about the stocks.</p><p><blockquote>事实上，这些应用程序可能是比特币成为主流的渠道。这反过来又加剧了人们对股票的兴奋。</blockquote></p><p> But they are now falling in tandem with Bitcoin. PayPal stock was down 6% Tuesday to $258 and is off 15% in the past five sessions from record highs around $305.</p><p><blockquote>但他们现在正与比特币并驾齐驱。PayPal股价周二下跌6%，至258美元，过去五个交易日较305美元左右的历史高点下跌15%。</blockquote></p><p> Square, which reports earnings after the close Tuesday, was down 7% to $248, off 9% from its record closing high of $272.75 on Feb. 12.</p><p><blockquote>Square周二收盘后公布财报，股价下跌7%，至248美元，较2月12日创纪录的收盘高点272.75美元下跌9%。</blockquote></p><p> The total value of Bitcoin remains formidable at nearly $1 trillion. The blockchain technology behind it is being embraced at banks and other financial firms.JPMorgan Chase(JPM)Citigroup(C), andWells Fargo(WFC) have all invested in blockchain. The custody bankBank of New York Mellonrecently announced that it would hold, transfer, and issue crypto for asset-management clients.</p><p><blockquote>比特币的总价值仍然惊人，接近1万亿美元。其背后的区块链技术正在被银行和其他金融公司所接受。摩根大通(JPM)、花旗集团(C)和富国银行(WFC)都投资了区块链。托管银行纽约梅隆银行最近宣布将为资产管理客户持有、转让和发行加密货币。</blockquote></p><p></p><p> More banks are eager to offer crypto services, notedBank of Americain a report on Tuesday, but they are waiting for guidance from Washington. It may be a while before investors see any impact on their income statements, however, especially if the Bitcoin bubble is now bursting.</p><p><blockquote>美国银行在周二的一份报告中指出，越来越多的银行渴望提供加密货币服务，但他们正在等待华盛顿的指导。然而，投资者可能需要一段时间才能看到对其损益表的任何影响，特别是如果比特币泡沫现在正在破裂的话。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-bitcoin-bubble-could-be-popping-its-a-headwind-for-some-high-flying-stocks-51614105457?mod=hp_LEAD_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CME":"芝加哥商品交易所","SBNY":"签字银行","GBTC":"比特币ETF-Grayscale","NVDA":"英伟达","PYPL":"PayPal","TSLA":"特斯拉","CBOE":"芝加哥期权交易所","IBKR":"盈透证券"},"source_url":"https://www.barrons.com/articles/the-bitcoin-bubble-could-be-popping-its-a-headwind-for-some-high-flying-stocks-51614105457?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155806524","content_text":"A bear market in Bitcoin may be forming, potentially contributing to the selloff in some highflying stocks—if not the broader market.\nTesla(ticker:Tesla),PayPal Holdings(PYPL), and Square(Square), to name just a few, are trading in tighter correlation to the digital currency. Tesla recentlypurchased$1.5 billion of the digital currency, and said it plans to accept it as payment, fueling a surge in its stock.\nHigh-growth stocks are under pressure due to fears of rising interest rates and bond yields, which reduce the present value of future cash flows. Tesla and the online payment stocks are also crowded trades, making them vulnerable to a selloff.\nPayPal Holdingsand Square are becoming digital-currency brokers, enabling consumers to buy and store Bitcoin on their apps, aiming to eventually allow people to use it to make purchases.\nThe stocks have been sliding as Bitcoin has been in free fall. The digital currency was recently trading around $47,300, down 10% in the past 24 hours and off 18% from highs around $58,000 on Feb. 21, according to CoinDesk.\nFalling prices of Bitcoin may be helping to drag down the broaderNasdaq CompositeIndex, which fell 2.5% Monday and was down 2.2% on Tuesday.\nThe selloff in Bitcoin may have been overdue after its surge over the past few months, and it may have gotten a nudge from Treasury Secretary Janet Yellen. She labeled Bitcoin an “inefficient” currency and warned that it could be a sign of speculative excesses, in aninterviewpublished by the New York Times on Tuesday.\nTraders appear to be taking Yellen’s comments as a sign that regulators in the Biden administration may erect more regulatory hurdles to crypto, making it tougher for banks and brokerages to offer commercial services in digital currencies.\nTheNasdaq Compositeand other larger-cap indexes may be more closely tied to Bitcoin as the roster of companies involved in crpyto technology or services expands. It now includes the chip manufacturer Nvidia(NVDA), the internet retailer Overstock.com(OSTK), and banks such as Signature Bank(SBNY). Exchanges and brokerages such as CME Group(CME),Cboe Global Markets(CBOE), and Interactive Brokers (IBKR) are also turning into crypto bets as they expand trading in options and futures contracts related to digital currencies.\nTesla’s push into Bitcoin was a vote of confidence in crypto, but it may also have turned Tesla into a proxy for the currency, fueling an exodus from the stock from investors who wanted a car maker, not a crypto play.\n“By Musk and Tesla aggressively embracing Bitcoin (from a transactional perspective as well), investors are starting to tie Bitcoin and Tesla at the hip,” wrote Wedbush Securities analyst Dan Ives in a note on Tuesday, referring to Tesla CEO Elon Musk.\nBitcoin’s surge has also done wonders for stocks that were left for dead. Overstock, for instance, surged 850% from $2.50 to $85 over the past year, including a 77% gain this year. The company has built a portfolio of blockchain and crypto-companies under its Medici Ventures division. It now plans to convert that unit into a limited partnership called Pelion Venture Partners Fund.\nOverstock was down 10% Tuesday, continuing a slide in the last few days as Bitcoin prices slumped.\nBitcoin’s impact is being felt heavily in PayPal and Square. The companies earn transaction fees on cryptocurrencies, and they appear to be increasing customer engagement and revenue per user, compared with customers who aren’t involved in crypto.\nNeither firm makes much profit off Bitcoin so far, and transactions involving the currency make minimal contributions to revenue. Wolfe analyst Darrin Peller estimates that Bitcoin contributes less than 1% to PayPal’s revenue, and slightly more to Square’s.\n“It’s not a major driver of revenue, but it’s a helpful tool to get customers more engaged,” he says. “As more people are engaged with the apps, they use their digital wallets more frequently, and more money goes into the ecosystem.”\nIndeed, the apps could be conduits for Bitcoin to go mainstream. That, in turn, has fueled excitement about the stocks.\nBut they are now falling in tandem with Bitcoin. PayPal stock was down 6% Tuesday to $258 and is off 15% in the past five sessions from record highs around $305.\nSquare, which reports earnings after the close Tuesday, was down 7% to $248, off 9% from its record closing high of $272.75 on Feb. 12.\nThe total value of Bitcoin remains formidable at nearly $1 trillion. The blockchain technology behind it is being embraced at banks and other financial firms.JPMorgan Chase(JPM)Citigroup(C), andWells Fargo(WFC) have all invested in blockchain. The custody bankBank of New York Mellonrecently announced that it would hold, transfer, and issue crypto for asset-management clients.\nMore banks are eager to offer crypto services, notedBank of Americain a report on Tuesday, but they are waiting for guidance from Washington. It may be a while before investors see any impact on their income statements, however, especially if the Bitcoin bubble is now bursting.","news_type":1,"symbols_score_info":{"IBKR":0.9,"XBTmain":0.9,"PYPL":0.9,"NVDA":0.9,"CME":0.9,"TSLA":0.9,"CBOE":0.9,"BTCmain":0.9,"SQ":0.9,"SBNY":0.9,"OSTK":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360759779,"gmtCreate":1613982562491,"gmtModify":1634551672100,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359145069729","authorIdStr":"3575359145069729"},"themes":[],"htmlText":"Can’t belive there are marijuana ETFs now.&nbsp;","listText":"Can’t belive there are marijuana ETFs now.&nbsp;","text":"Can’t belive there are marijuana ETFs now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/360759779","repostId":"1165604778","repostType":4,"repost":{"id":"1165604778","kind":"news","pubTimestamp":1613976323,"share":"https://www.laohu8.com/m/news/1165604778?lang=zh_CN&edition=full","pubTime":"2021-02-22 14:45","market":"us","language":"en","title":"Should you put your hard-earned money into marijuana stocks?<blockquote>你应该把你的血汗钱投入大麻股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165604778","media":"Motley Fool","summary":"Should you put your hard-earned money into marijuana stocks? We detail the investment opportunities,","content":"<p>Should you put your hard-earned money into marijuana stocks? We detail the investment opportunities, risks, and regulations in the cannabis space.</p><p><blockquote>你应该把你的血汗钱投入大麻股票吗？我们详细介绍了大麻领域的投资机会、风险和法规。</blockquote></p><p> The marijuana industry is expected to triple in the next five years -- and many investors are looking to profit.</p><p><blockquote>大麻产业预计将在未来五年内增长两倍，许多投资者都希望从中获利。</blockquote></p><p> As states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies.</p><p><blockquote>随着各州和整个国家将大麻和/或其成分非刑罪化或合法化，企业家和现有公司将面临大量机会。</blockquote></p><p> But as in any nascent industry, there are also loads of risks and bad actors. Whether you're a first-time investor or a seasoned veteran, it pays to understand all of the moving parts.</p><p><blockquote>但与任何新兴行业一样，也存在大量风险和不良行为者。无论你是第一次投资者还是经验丰富的老手，了解所有的活动部分都是值得的。</blockquote></p><p> This guide will get you up to speed quickly.</p><p><blockquote>这个指南会让你很快上手。</blockquote></p><p> How to Invest in Marijuana Stocks</p><p><blockquote>如何投资大麻股票</blockquote></p><p> Follow these seven steps if you're thinking about buying cannabis stocks. The following is a summary, but we encourage you to read the entire article linked below for all the details.</p><p><blockquote>如果您正在考虑购买大麻股票，请遵循以下七个步骤。以下是一个总结，但我们鼓励您阅读下面链接的整篇文章以了解所有细节。</blockquote></p><p> <b><i>1. Understand the types of marijuana products.</i></b></p><p><blockquote><b><i>1.了解大麻制品的种类。</i></b></blockquote></p><p> <ul>  <li>There are two types of cannabis products: medical marijuana vs. recreational marijuana.</li>  <li>Cannabidiol (CBD) is a cannabinoid that is different than the psychoactive delta-9 tetrahydrocannabinol (THC).</li> </ul> <b><i>2. Know the different types of marijuana stocks.</i></b></p><p><blockquote><ul><li>大麻产品有两种类型：医用大麻和休闲大麻。</li><li>大麻二酚（CBD）是一种大麻素，不同于精神活性δ-9四氢大麻酚（THC）。</li></ul><b><i>2.了解大麻股票的不同类型。</i></b></blockquote></p><p> <ul>  <li>Marijuana growers like<b>Canopy Growth Corporation</b>(NYSE:CGC)</li>  <li>Cannabis-focused biotechs like<b>GW Pharmaceuticals</b>(NASDAQ:GWPH)</li>  <li>Providers of supporting products and services like<b>Scotts Miracle-Gro</b>(NYSE:SMG)</li> </ul> <b><i>3. Understand the risks of investing in marijuana stocks.</i></b></p><p><blockquote><ul><li>大麻种植者喜欢<b>树冠生长公司</b>（纽约证券交易所代码：CGC）</li><li>专注于大麻的生物技术公司，例如<b>GW制药公司</b>（纳斯达克：GWPH）</li><li>支持产品和服务的提供商，如<b>斯科茨奇迹-格罗</b>（纽约证券交易所代码：SMG）</li></ul><b><i>3.了解投资大麻股票的风险。</i></b></blockquote></p><p> <ul>  <li>Legal and political risks</li>  <li>Supply/demand imbalances</li>  <li>Risk in those that are over-the-counter stocks</li> </ul> <b><i>4. Know what to look for in a marijuana stock.</i></b></p><p><blockquote><ul><li>法律和政治风险</li><li>供需失衡</li><li>场外交易股票的风险</li></ul><b><i>4.知道在大麻库存中寻找什么。</i></b></blockquote></p><p> <ul>  <li>Normal stock considerations, including:</li>  <li>Cannabis production costs</li>  <li>For Canadian companies, the extent of international operations and distribution</li>  <li>Dilution risks via warrants and convertible securities</li> </ul> <b><i>5. Evaluate the top marijuana stocks and exchange-traded funds (ETFs).</i></b></p><p><blockquote><ul><li>正常库存考虑因素，包括：</li><li>大麻生产成本</li><li>对于加拿大公司来说，国际运营和分销的程度</li><li>认股权证及可换股证券摊薄风险</li></ul><b><i>5.评估顶级大麻股票和交易所交易基金（ETF）。</i></b></blockquote></p><p> <ul>  <li>Marijuana growers like Canopy Growth,<b>Aurora Cannabis</b>(NYSE:ACB),<b>Tilray</b>(NASDAQ:TLRY), and<b>Aphria</b>(NYSE:APHA)</li>  <li>Biotechs like GW Pharmaceuticals,<b>Cara Therapeutics</b>(NASDAQ:CARA), and<b>Insys Therapeutics</b>(NASDAQ:INSY)</li>  <li>Ancillary providers like Scotts Miracle-Gro</li>  <li>ETFs like<b>Horizons Marijuana Life Sciences ETF</b>(NASDAQOTH:HMLSF) and<b>ETFMG Alternative Harvest ETF</b>(NYSEMKT:MJ)</li> </ul> <b><i>6. Invest carefully.</i></b></p><p><blockquote><ul><li>大麻种植者喜欢树冠生长，<b>奥罗拉大麻</b>（纽约证券交易所代码：ACB），<b>蒂尔雷</b>（纳斯达克：TLRY），以及<b>Aphria</b>（纽约证券交易所代码：APHA）</li><li>像GW制药这样的生物技术公司，<b>卡拉疗法</b>（纳斯达克：卡拉），以及<b>Insys治疗</b>（纳斯达克：INSY）</li><li>Scotts Miracle-Gro等辅助提供商</li><li>ETF喜欢<b>地平线大麻生命科学ETF</b>（纳斯达克股票代码：HMLSF）和<b>ETFMG另类嘉实ETF</b>（纽约证券交易所股票代码：MJ）</li></ul><b><i>6、谨慎投资。</i></b></blockquote></p><p> <ul>  <li>For many, avoiding individual investments in the marijuana space entirely is the right call.</li>  <li>For those who buy in, keeping your marijuana exposure to a small percentage of your overall portfolio limits your risk.</li>  <li>Pure plays are riskier than more diversified plays.</li> </ul> <b><i>7. Monitor changing industry dynamics closely.</i></b></p><p><blockquote><ul><li>对许多人来说，完全避免在大麻领域进行个人投资是正确的看涨期权。</li><li>对于那些买入的人来说，将大麻敞口保持在整体投资组合的一小部分可以限制你的风险。</li><li>纯粹的戏剧比更多元化的戏剧风险更大。</li></ul><b><i>7.密切监控不断变化的行业动态。</i></b></blockquote></p><p> <ul>  <li>Laws, regulations, competitive forces, and the business strategies of the companies themselves will all change rapidly over time.</li> </ul> Read more:How to Invest in Marijuana Stocks(Note: includes a list of every major marijuana stock)</p><p><blockquote><ul><li>法律、法规、竞争力量和公司本身的商业策略都会随着时间的推移而迅速变化。</li></ul>阅读更多：如何投资大麻股票（注：包括每只主要大麻股票的列表）</blockquote></p><p> But, Really, Should I Buy Marijuana Stocks?</p><p><blockquote>但是，说真的，我应该买大麻股票吗？</blockquote></p><p> We just went step-by-step through how to invest in cannabis, but just because there's a trendy new sector with lots of press and potential growth doesn't mean you need to put your hard-earned money in it. After all, if you buy broad index funds, you're covered no matter what sector of the stock market does well.</p><p><blockquote>我们只是一步一步地介绍了如何投资大麻，但仅仅因为有一个时尚的新行业有很多媒体和潜在的增长，并不意味着你需要把你的血汗钱投入其中。毕竟，如果您购买广泛指数基金，无论股市哪个板块表现良好，您都会受到保障。</blockquote></p><p> Think through the pros and cons as you read on:Should You Invest in Marijuana Stocks?</p><p><blockquote>当你继续阅读时，仔细考虑利弊：你应该投资大麻股票吗？</blockquote></p><p> Marijuana Legalization in the U.S.: The History and the Future</p><p><blockquote>美国大麻合法化：历史与未来</blockquote></p><p> One of the biggest variables in cannabis investing is to what extent marijuana will be decriminalized or legalized within the United States, both on a state-by-state basis and on a federal basis.</p><p><blockquote>大麻投资的最大变量之一是大麻在美国将在多大程度上合法化或合法化，无论是在各州还是在联邦基础上。</blockquote></p><p> The link below provides a quick spin through what we've seen so far, from decriminalization efforts starting in 1973 to legalization efforts beginning in earnest in 1996 to the political signs of where we seem to be heading.</p><p><blockquote>下面的链接快速浏览了我们到目前为止所看到的，从1973年开始的非刑罪化努力到1996年认真开始的合法化努力，再到我们前进方向的政治迹象。</blockquote></p><p> Read on:Timeline for Marijuana Legalization in the United States: How the Dominoes Are Falling</p><p><blockquote>继续阅读：美国大麻合法化的时间表：多米诺骨牌如何倒下</blockquote></p><p> More Information on Canadian Marijuana Stocks</p><p><blockquote>有关加拿大大麻股票的更多信息</blockquote></p><p> There's been tremendous interest in Canadian cannabis stocks, because on October 17, 2018, recreational use of marijuana became legal in Canada (it had been legalized on a medical basis since 2001).</p><p><blockquote>人们对加拿大大麻股票产生了巨大的兴趣，因为2018年10月17日，娱乐性使用大麻在加拿大成为合法（自2001年以来，大麻在医疗基础上已合法化）。</blockquote></p><p> Beyond consumption by Canadians, the upside thesis involves operations or distribution to other countries that have legalized or may legalize marijuana to various extents. This includes Germany and particularly the large market on Canada's southern border.</p><p><blockquote>除了加拿大人的消费之外，有利的论点还涉及到向已经或可能在不同程度上使大麻合法化的其他国家的运营或分销。这包括德国，尤其是加拿大南部边境的大市场。</blockquote></p><p> Read on:Everything You Need to Know About Investing in Canadian Marijuana Stocks</p><p><blockquote>继续阅读：有关投资加拿大大麻股票您需要了解的一切</blockquote></p><p> Commonly Confused Cannabis Terms</p><p><blockquote>常见混淆的大麻术语</blockquote></p><p></p><p> One of the difficulties in understanding the marijuana industry is the jargon. Fortunately, it's not too complicated once you get a handle on a few main terms.</p><p><blockquote>理解大麻行业的困难之一是行话。幸运的是，一旦你掌握了几个主要术语，事情就不会太复杂了。</blockquote></p><p> <i>Marijuana vs. cannabis</i></p><p><blockquote><i>大麻与大麻</i></blockquote></p><p> Cannabis is the scientific name of the plant (the genus that houses three species). For an investor's purposes, marijuana is synonymous with cannabis, as are more informal nicknames like pot, weed, ganja, dope, grass, 420, sticky icky, etc.</p><p><blockquote>大麻是这种植物的学名（该属有三个物种）。对于投资者来说，大麻是大麻的同义词，还有更非正式的昵称，如大麻、杂草、ganja、dope、grass、420、sticky icky等。</blockquote></p><p> <i>CBD vs. THC</i></p><p><blockquote><i>CBD与THC</i></blockquote></p><p> Cannabis is made up of nearly 500 chemical constituents, including many dozens of cannabinoids (substances that act on the body's cannabinoid receptors).</p><p><blockquote>大麻由近500种化学成分组成，包括几十种大麻素（作用于人体大麻素受体的物质）。</blockquote></p><p> The two most commercially relevant of these cannabinoids are delta-9 tetrahydrocannabinol (THC) and cannabidiol (CBD). Only THC is psychoactive (i.e., makes you high).</p><p><blockquote>这些大麻素中最具商业相关性的两种是δ-9四氢大麻酚（THC）和大麻二酚（CBD）。只有THC是精神活性的（即让你兴奋）。</blockquote></p><p> <i>Hemp</i></p><p><blockquote><i>大麻</i></blockquote></p><p> Hemp is a strain of a species of cannabis with relatively low levels of THC and relatively high levels of CBD. It has many industrial uses like providing fibers to make rope and clothing.</p><p><blockquote>大麻是一种大麻，THC含量相对较低，CBD含量相对较高。它有许多工业用途，如提供纤维来制造绳子和衣服。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should you put your hard-earned money into marijuana stocks?<blockquote>你应该把你的血汗钱投入大麻股票吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould you put your hard-earned money into marijuana stocks?<blockquote>你应该把你的血汗钱投入大麻股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-02-22 14:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Should you put your hard-earned money into marijuana stocks? We detail the investment opportunities, risks, and regulations in the cannabis space.</p><p><blockquote>你应该把你的血汗钱投入大麻股票吗？我们详细介绍了大麻领域的投资机会、风险和法规。</blockquote></p><p> The marijuana industry is expected to triple in the next five years -- and many investors are looking to profit.</p><p><blockquote>大麻产业预计将在未来五年内增长两倍，许多投资者都希望从中获利。</blockquote></p><p> As states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies.</p><p><blockquote>随着各州和整个国家将大麻和/或其成分非刑罪化或合法化，企业家和现有公司将面临大量机会。</blockquote></p><p> But as in any nascent industry, there are also loads of risks and bad actors. Whether you're a first-time investor or a seasoned veteran, it pays to understand all of the moving parts.</p><p><blockquote>但与任何新兴行业一样，也存在大量风险和不良行为者。无论你是第一次投资者还是经验丰富的老手，了解所有的活动部分都是值得的。</blockquote></p><p> This guide will get you up to speed quickly.</p><p><blockquote>这个指南会让你很快上手。</blockquote></p><p> How to Invest in Marijuana Stocks</p><p><blockquote>如何投资大麻股票</blockquote></p><p> Follow these seven steps if you're thinking about buying cannabis stocks. The following is a summary, but we encourage you to read the entire article linked below for all the details.</p><p><blockquote>如果您正在考虑购买大麻股票，请遵循以下七个步骤。以下是一个总结，但我们鼓励您阅读下面链接的整篇文章以了解所有细节。</blockquote></p><p> <b><i>1. Understand the types of marijuana products.</i></b></p><p><blockquote><b><i>1.了解大麻制品的种类。</i></b></blockquote></p><p> <ul>  <li>There are two types of cannabis products: medical marijuana vs. recreational marijuana.</li>  <li>Cannabidiol (CBD) is a cannabinoid that is different than the psychoactive delta-9 tetrahydrocannabinol (THC).</li> </ul> <b><i>2. Know the different types of marijuana stocks.</i></b></p><p><blockquote><ul><li>大麻产品有两种类型：医用大麻和休闲大麻。</li><li>大麻二酚（CBD）是一种大麻素，不同于精神活性δ-9四氢大麻酚（THC）。</li></ul><b><i>2.了解大麻股票的不同类型。</i></b></blockquote></p><p> <ul>  <li>Marijuana growers like<b>Canopy Growth Corporation</b>(NYSE:CGC)</li>  <li>Cannabis-focused biotechs like<b>GW Pharmaceuticals</b>(NASDAQ:GWPH)</li>  <li>Providers of supporting products and services like<b>Scotts Miracle-Gro</b>(NYSE:SMG)</li> </ul> <b><i>3. Understand the risks of investing in marijuana stocks.</i></b></p><p><blockquote><ul><li>大麻种植者喜欢<b>树冠生长公司</b>（纽约证券交易所代码：CGC）</li><li>专注于大麻的生物技术公司，例如<b>GW制药公司</b>（纳斯达克：GWPH）</li><li>支持产品和服务的提供商，如<b>斯科茨奇迹-格罗</b>（纽约证券交易所代码：SMG）</li></ul><b><i>3.了解投资大麻股票的风险。</i></b></blockquote></p><p> <ul>  <li>Legal and political risks</li>  <li>Supply/demand imbalances</li>  <li>Risk in those that are over-the-counter stocks</li> </ul> <b><i>4. Know what to look for in a marijuana stock.</i></b></p><p><blockquote><ul><li>法律和政治风险</li><li>供需失衡</li><li>场外交易股票的风险</li></ul><b><i>4.知道在大麻库存中寻找什么。</i></b></blockquote></p><p> <ul>  <li>Normal stock considerations, including:</li>  <li>Cannabis production costs</li>  <li>For Canadian companies, the extent of international operations and distribution</li>  <li>Dilution risks via warrants and convertible securities</li> </ul> <b><i>5. Evaluate the top marijuana stocks and exchange-traded funds (ETFs).</i></b></p><p><blockquote><ul><li>正常库存考虑因素，包括：</li><li>大麻生产成本</li><li>对于加拿大公司来说，国际运营和分销的程度</li><li>认股权证及可换股证券摊薄风险</li></ul><b><i>5.评估顶级大麻股票和交易所交易基金（ETF）。</i></b></blockquote></p><p> <ul>  <li>Marijuana growers like Canopy Growth,<b>Aurora Cannabis</b>(NYSE:ACB),<b>Tilray</b>(NASDAQ:TLRY), and<b>Aphria</b>(NYSE:APHA)</li>  <li>Biotechs like GW Pharmaceuticals,<b>Cara Therapeutics</b>(NASDAQ:CARA), and<b>Insys Therapeutics</b>(NASDAQ:INSY)</li>  <li>Ancillary providers like Scotts Miracle-Gro</li>  <li>ETFs like<b>Horizons Marijuana Life Sciences ETF</b>(NASDAQOTH:HMLSF) and<b>ETFMG Alternative Harvest ETF</b>(NYSEMKT:MJ)</li> </ul> <b><i>6. Invest carefully.</i></b></p><p><blockquote><ul><li>大麻种植者喜欢树冠生长，<b>奥罗拉大麻</b>（纽约证券交易所代码：ACB），<b>蒂尔雷</b>（纳斯达克：TLRY），以及<b>Aphria</b>（纽约证券交易所代码：APHA）</li><li>像GW制药这样的生物技术公司，<b>卡拉疗法</b>（纳斯达克：卡拉），以及<b>Insys治疗</b>（纳斯达克：INSY）</li><li>Scotts Miracle-Gro等辅助提供商</li><li>ETF喜欢<b>地平线大麻生命科学ETF</b>（纳斯达克股票代码：HMLSF）和<b>ETFMG另类嘉实ETF</b>（纽约证券交易所股票代码：MJ）</li></ul><b><i>6、谨慎投资。</i></b></blockquote></p><p> <ul>  <li>For many, avoiding individual investments in the marijuana space entirely is the right call.</li>  <li>For those who buy in, keeping your marijuana exposure to a small percentage of your overall portfolio limits your risk.</li>  <li>Pure plays are riskier than more diversified plays.</li> </ul> <b><i>7. Monitor changing industry dynamics closely.</i></b></p><p><blockquote><ul><li>对许多人来说，完全避免在大麻领域进行个人投资是正确的看涨期权。</li><li>对于那些买入的人来说，将大麻敞口保持在整体投资组合的一小部分可以限制你的风险。</li><li>纯粹的戏剧比更多元化的戏剧风险更大。</li></ul><b><i>7.密切监控不断变化的行业动态。</i></b></blockquote></p><p> <ul>  <li>Laws, regulations, competitive forces, and the business strategies of the companies themselves will all change rapidly over time.</li> </ul> Read more:How to Invest in Marijuana Stocks(Note: includes a list of every major marijuana stock)</p><p><blockquote><ul><li>法律、法规、竞争力量和公司本身的商业策略都会随着时间的推移而迅速变化。</li></ul>阅读更多：如何投资大麻股票（注：包括每只主要大麻股票的列表）</blockquote></p><p> But, Really, Should I Buy Marijuana Stocks?</p><p><blockquote>但是，说真的，我应该买大麻股票吗？</blockquote></p><p> We just went step-by-step through how to invest in cannabis, but just because there's a trendy new sector with lots of press and potential growth doesn't mean you need to put your hard-earned money in it. After all, if you buy broad index funds, you're covered no matter what sector of the stock market does well.</p><p><blockquote>我们只是一步一步地介绍了如何投资大麻，但仅仅因为有一个时尚的新行业有很多媒体和潜在的增长，并不意味着你需要把你的血汗钱投入其中。毕竟，如果您购买广泛指数基金，无论股市哪个板块表现良好，您都会受到保障。</blockquote></p><p> Think through the pros and cons as you read on:Should You Invest in Marijuana Stocks?</p><p><blockquote>当你继续阅读时，仔细考虑利弊：你应该投资大麻股票吗？</blockquote></p><p> Marijuana Legalization in the U.S.: The History and the Future</p><p><blockquote>美国大麻合法化：历史与未来</blockquote></p><p> One of the biggest variables in cannabis investing is to what extent marijuana will be decriminalized or legalized within the United States, both on a state-by-state basis and on a federal basis.</p><p><blockquote>大麻投资的最大变量之一是大麻在美国将在多大程度上合法化或合法化，无论是在各州还是在联邦基础上。</blockquote></p><p> The link below provides a quick spin through what we've seen so far, from decriminalization efforts starting in 1973 to legalization efforts beginning in earnest in 1996 to the political signs of where we seem to be heading.</p><p><blockquote>下面的链接快速浏览了我们到目前为止所看到的，从1973年开始的非刑罪化努力到1996年认真开始的合法化努力，再到我们前进方向的政治迹象。</blockquote></p><p> Read on:Timeline for Marijuana Legalization in the United States: How the Dominoes Are Falling</p><p><blockquote>继续阅读：美国大麻合法化的时间表：多米诺骨牌如何倒下</blockquote></p><p> More Information on Canadian Marijuana Stocks</p><p><blockquote>有关加拿大大麻股票的更多信息</blockquote></p><p> There's been tremendous interest in Canadian cannabis stocks, because on October 17, 2018, recreational use of marijuana became legal in Canada (it had been legalized on a medical basis since 2001).</p><p><blockquote>人们对加拿大大麻股票产生了巨大的兴趣，因为2018年10月17日，娱乐性使用大麻在加拿大成为合法（自2001年以来，大麻在医疗基础上已合法化）。</blockquote></p><p> Beyond consumption by Canadians, the upside thesis involves operations or distribution to other countries that have legalized or may legalize marijuana to various extents. This includes Germany and particularly the large market on Canada's southern border.</p><p><blockquote>除了加拿大人的消费之外，有利的论点还涉及到向已经或可能在不同程度上使大麻合法化的其他国家的运营或分销。这包括德国，尤其是加拿大南部边境的大市场。</blockquote></p><p> Read on:Everything You Need to Know About Investing in Canadian Marijuana Stocks</p><p><blockquote>继续阅读：有关投资加拿大大麻股票您需要了解的一切</blockquote></p><p> Commonly Confused Cannabis Terms</p><p><blockquote>常见混淆的大麻术语</blockquote></p><p></p><p> One of the difficulties in understanding the marijuana industry is the jargon. Fortunately, it's not too complicated once you get a handle on a few main terms.</p><p><blockquote>理解大麻行业的困难之一是行话。幸运的是，一旦你掌握了几个主要术语，事情就不会太复杂了。</blockquote></p><p> <i>Marijuana vs. cannabis</i></p><p><blockquote><i>大麻与大麻</i></blockquote></p><p> Cannabis is the scientific name of the plant (the genus that houses three species). For an investor's purposes, marijuana is synonymous with cannabis, as are more informal nicknames like pot, weed, ganja, dope, grass, 420, sticky icky, etc.</p><p><blockquote>大麻是这种植物的学名（该属有三个物种）。对于投资者来说，大麻是大麻的同义词，还有更非正式的昵称，如大麻、杂草、ganja、dope、grass、420、sticky icky等。</blockquote></p><p> <i>CBD vs. THC</i></p><p><blockquote><i>CBD与THC</i></blockquote></p><p> Cannabis is made up of nearly 500 chemical constituents, including many dozens of cannabinoids (substances that act on the body's cannabinoid receptors).</p><p><blockquote>大麻由近500种化学成分组成，包括几十种大麻素（作用于人体大麻素受体的物质）。</blockquote></p><p> The two most commercially relevant of these cannabinoids are delta-9 tetrahydrocannabinol (THC) and cannabidiol (CBD). Only THC is psychoactive (i.e., makes you high).</p><p><blockquote>这些大麻素中最具商业相关性的两种是δ-9四氢大麻酚（THC）和大麻二酚（CBD）。只有THC是精神活性的（即让你兴奋）。</blockquote></p><p> <i>Hemp</i></p><p><blockquote><i>大麻</i></blockquote></p><p> Hemp is a strain of a species of cannabis with relatively low levels of THC and relatively high levels of CBD. It has many industrial uses like providing fibers to make rope and clothing.</p><p><blockquote>大麻是一种大麻，THC含量相对较低，CBD含量相对较高。它有许多工业用途，如提供纤维来制造绳子和衣服。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/marijuana-stocks/?page=1\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MJ":"Amplify Alternative Harvest ETF","ACB":"奥罗拉大麻公司","SNDL":"SNDL Inc.","CGC":"Canopy Growth Corporation","APHA":"Aphria Inc.","TLRY":"Tilray Inc.","CRON":"Cronos Group Inc."},"source_url":"https://www.fool.com/marijuana-stocks/?page=1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165604778","content_text":"Should you put your hard-earned money into marijuana stocks? We detail the investment opportunities, risks, and regulations in the cannabis space.\nThe marijuana industry is expected to triple in the next five years -- and many investors are looking to profit.\nAs states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies.\nBut as in any nascent industry, there are also loads of risks and bad actors. Whether you're a first-time investor or a seasoned veteran, it pays to understand all of the moving parts.\nThis guide will get you up to speed quickly.\nHow to Invest in Marijuana Stocks\nFollow these seven steps if you're thinking about buying cannabis stocks. The following is a summary, but we encourage you to read the entire article linked below for all the details.\n1. Understand the types of marijuana products.\n\nThere are two types of cannabis products: medical marijuana vs. recreational marijuana.\nCannabidiol (CBD) is a cannabinoid that is different than the psychoactive delta-9 tetrahydrocannabinol (THC).\n\n2. Know the different types of marijuana stocks.\n\nMarijuana growers likeCanopy Growth Corporation(NYSE:CGC)\nCannabis-focused biotechs likeGW Pharmaceuticals(NASDAQ:GWPH)\nProviders of supporting products and services likeScotts Miracle-Gro(NYSE:SMG)\n\n3. Understand the risks of investing in marijuana stocks.\n\nLegal and political risks\nSupply/demand imbalances\nRisk in those that are over-the-counter stocks\n\n4. Know what to look for in a marijuana stock.\n\nNormal stock considerations, including:\nCannabis production costs\nFor Canadian companies, the extent of international operations and distribution\nDilution risks via warrants and convertible securities\n\n5. Evaluate the top marijuana stocks and exchange-traded funds (ETFs).\n\nMarijuana growers like Canopy Growth,Aurora Cannabis(NYSE:ACB),Tilray(NASDAQ:TLRY), andAphria(NYSE:APHA)\nBiotechs like GW Pharmaceuticals,Cara Therapeutics(NASDAQ:CARA), andInsys Therapeutics(NASDAQ:INSY)\nAncillary providers like Scotts Miracle-Gro\nETFs likeHorizons Marijuana Life Sciences ETF(NASDAQOTH:HMLSF) andETFMG Alternative Harvest ETF(NYSEMKT:MJ)\n\n6. Invest carefully.\n\nFor many, avoiding individual investments in the marijuana space entirely is the right call.\nFor those who buy in, keeping your marijuana exposure to a small percentage of your overall portfolio limits your risk.\nPure plays are riskier than more diversified plays.\n\n7. Monitor changing industry dynamics closely.\n\nLaws, regulations, competitive forces, and the business strategies of the companies themselves will all change rapidly over time.\n\nRead more:How to Invest in Marijuana Stocks(Note: includes a list of every major marijuana stock)\nBut, Really, Should I Buy Marijuana Stocks?\nWe just went step-by-step through how to invest in cannabis, but just because there's a trendy new sector with lots of press and potential growth doesn't mean you need to put your hard-earned money in it. After all, if you buy broad index funds, you're covered no matter what sector of the stock market does well.\nThink through the pros and cons as you read on:Should You Invest in Marijuana Stocks?\nMarijuana Legalization in the U.S.: The History and the Future\nOne of the biggest variables in cannabis investing is to what extent marijuana will be decriminalized or legalized within the United States, both on a state-by-state basis and on a federal basis.\nThe link below provides a quick spin through what we've seen so far, from decriminalization efforts starting in 1973 to legalization efforts beginning in earnest in 1996 to the political signs of where we seem to be heading.\nRead on:Timeline for Marijuana Legalization in the United States: How the Dominoes Are Falling\nMore Information on Canadian Marijuana Stocks\nThere's been tremendous interest in Canadian cannabis stocks, because on October 17, 2018, recreational use of marijuana became legal in Canada (it had been legalized on a medical basis since 2001).\nBeyond consumption by Canadians, the upside thesis involves operations or distribution to other countries that have legalized or may legalize marijuana to various extents. This includes Germany and particularly the large market on Canada's southern border.\nRead on:Everything You Need to Know About Investing in Canadian Marijuana Stocks\nCommonly Confused Cannabis Terms\nOne of the difficulties in understanding the marijuana industry is the jargon. Fortunately, it's not too complicated once you get a handle on a few main terms.\nMarijuana vs. cannabis\nCannabis is the scientific name of the plant (the genus that houses three species). For an investor's purposes, marijuana is synonymous with cannabis, as are more informal nicknames like pot, weed, ganja, dope, grass, 420, sticky icky, etc.\nCBD vs. THC\nCannabis is made up of nearly 500 chemical constituents, including many dozens of cannabinoids (substances that act on the body's cannabinoid receptors).\nThe two most commercially relevant of these cannabinoids are delta-9 tetrahydrocannabinol (THC) and cannabidiol (CBD). Only THC is psychoactive (i.e., makes you high).\nHemp\nHemp is a strain of a species of cannabis with relatively low levels of THC and relatively high levels of CBD. It has many industrial uses like providing fibers to make rope and clothing.","news_type":1,"symbols_score_info":{"CGC":0.9,"CRON":0.9,"TLRY":0.9,"MJ":0.9,"ACB":0.9,"SNDL":0.9,"APHA":0.9}},"isVote":1,"tweetType":1,"viewCount":3114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360077242,"gmtCreate":1613803183786,"gmtModify":1634552150595,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359145069729","authorIdStr":"3575359145069729"},"themes":[],"htmlText":"If it weren’t good, there wouldn’t be restrictions for such large sums of investment.&nbsp;","listText":"If it weren’t good, there wouldn’t be restrictions for such large sums of investment.&nbsp;","text":"If it weren’t good, there wouldn’t be restrictions for such large sums of investment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/360077242","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://www.laohu8.com/m/news/1161529893?lang=zh_CN&edition=full","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>加州圣地亚哥的财务顾问万斯·巴斯说，就像在拉斯维加斯一样，众议院通常会获胜。他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛GS(-0.91%)将其机器人咨询服务Marcus限制为至少有1000万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少1,000美元可投资的人都可以使用高盛一些最富有的客户使用的相同交易算法，每年只需支付0.35%的咨询费。但投资专家表示，在跳上机器人投资列车之前，需要考虑更多成本。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“就像在拉斯维加斯一样，众议院通常会获胜，”加利福尼亚州圣地亚哥的财务顾问万斯·巴斯(Vance Barse)说，他经营着一家名为Your Dedicated Fiduciary的公司。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>尽管35个基点的价格标签对高盛来说是一个“亏损领头羊”，但他表示，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“人们忘记了银行最终是为了赚钱，”他说。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括Vanguard、Fidelity和Schwab SCHW，+1.03%，以及Betterment和Wealthfront等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪商的费用会增加到1%及以上。行业出版物Inside Information对近1,000名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和Betterment提供的机器人顾问与Robinhood等机器人平台不同。前者建议投资组合专注于交易所交易基金，而Robinhood允许用户投资个人ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资作为自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度的新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是rob投资呢？把它想象成一辆自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入你的目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心你的司机把你引向错误的方向，你就不能轻易刹车。如果您赶时间并想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好以及期望的短期和长期回报等因素来设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，每年收取的咨询费通常不超过0.5%，而人力投资顾问收取的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅·洛(Cynthia Loh)不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务有更多的人工输入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在MarketWatch上所写：“关于自动化投资的一个常见误解是，选择机器人顾问本质上意味着将资金的控制权交给机器人。事实是，机器人解决方案结合了自动化和人工组件，在幕后运行事物。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验的投资者或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以对“一劳永逸”的投资方法感到放心，随着时间的推移，让市场做自己的事情”。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet的投资和退休专家蒂芙尼·拉姆-贝尔福(Tiffany Lam-Balfour)表示，这使得你更容易承受市场波动，因为你不一定必须做出购买或出售资产的冲动决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“当你投资时，你不会想一直关注市场并说‘哦，我需要摆脱困境’，”她说。“你想让专业人士来帮你度过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合。”</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会上涨。即使你有世界上最好的人类财务顾问，你也不能指望这一点。”</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对老年投资者有吸引力。“退休后的规划和支付费用很复杂。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更简化、更便宜的投资方式，而机器人投资正好符合这一要求。他们很乐意让技术来处理更困难、更耗时的日常活动。投资者自己做，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>常常无门可敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。大多数机器人投资平台上要求您填写的简单问卷将收集有关您的年收入、期望退休年龄以及您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>然而，它不会知道你是否刚刚有了一个孩子，并想开始为他们的教育存钱，或者你是否最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了那个人向谁寻求建议？该平台是否提供建议？如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化投资建议，提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，纽约市财务咨询集团Lifelaidout的注册财务规划师罗杰·马(Roger Ma)表示，机器人顾问不一定“在管理资金时首先考虑税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售已累计亏损的资产。《工作你的钱，而不是你的生活》一书的作者马说，传统顾问通常专注于构建能带来最节税结果的投资组合。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但通过机器人投资，为您进行的交易与为许多其他投资者进行的交易是相同的，这些投资者可能属于与您不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，特别是对于初学者来说，它可能会“使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“如果你只是想尝试一下，并且想感觉自己投资于多元化的投资组合，我不会说绝对不要聘请机器人顾问，”他说。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金选择单一基金进行投资，并根据投资目标随着时间的推移调整头寸。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人的建议和人类的建议。2015年，MarketWatch邀请四位著名的机器人顾问和四位传统的有血有肉的机器人顾问为一位假设的35岁投资者构建投资组合，投资金额为40,000美元。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>对于机器人顾问的批评者来说，结果或许令人惊讶。Pinnacle Advisory Group的研究总监Michael Kitces在审查结果后表示，机器人的建议与人类顾问的建议“没有太大不同”。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 19:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>加州圣地亚哥的财务顾问万斯·巴斯说，就像在拉斯维加斯一样，众议院通常会获胜。他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛GS(-0.91%)将其机器人咨询服务Marcus限制为至少有1000万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少1,000美元可投资的人都可以使用高盛一些最富有的客户使用的相同交易算法，每年只需支付0.35%的咨询费。但投资专家表示，在跳上机器人投资列车之前，需要考虑更多成本。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“就像在拉斯维加斯一样，众议院通常会获胜，”加利福尼亚州圣地亚哥的财务顾问万斯·巴斯(Vance Barse)说，他经营着一家名为Your Dedicated Fiduciary的公司。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>尽管35个基点的价格标签对高盛来说是一个“亏损领头羊”，但他表示，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“人们忘记了银行最终是为了赚钱，”他说。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括Vanguard、Fidelity和Schwab SCHW，+1.03%，以及Betterment和Wealthfront等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪商的费用会增加到1%及以上。行业出版物Inside Information对近1,000名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和Betterment提供的机器人顾问与Robinhood等机器人平台不同。前者建议投资组合专注于交易所交易基金，而Robinhood允许用户投资个人ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资作为自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度的新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是rob投资呢？把它想象成一辆自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入你的目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心你的司机把你引向错误的方向，你就不能轻易刹车。如果您赶时间并想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好以及期望的短期和长期回报等因素来设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，每年收取的咨询费通常不超过0.5%，而人力投资顾问收取的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅·洛(Cynthia Loh)不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务有更多的人工输入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在MarketWatch上所写：“关于自动化投资的一个常见误解是，选择机器人顾问本质上意味着将资金的控制权交给机器人。事实是，机器人解决方案结合了自动化和人工组件，在幕后运行事物。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验的投资者或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以对“一劳永逸”的投资方法感到放心，随着时间的推移，让市场做自己的事情”。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet的投资和退休专家蒂芙尼·拉姆-贝尔福(Tiffany Lam-Balfour)表示，这使得你更容易承受市场波动，因为你不一定必须做出购买或出售资产的冲动决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“当你投资时，你不会想一直关注市场并说‘哦，我需要摆脱困境’，”她说。“你想让专业人士来帮你度过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合。”</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会上涨。即使你有世界上最好的人类财务顾问，你也不能指望这一点。”</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对老年投资者有吸引力。“退休后的规划和支付费用很复杂。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更简化、更便宜的投资方式，而机器人投资正好符合这一要求。他们很乐意让技术来处理更困难、更耗时的日常活动。投资者自己做，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>常常无门可敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。大多数机器人投资平台上要求您填写的简单问卷将收集有关您的年收入、期望退休年龄以及您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>然而，它不会知道你是否刚刚有了一个孩子，并想开始为他们的教育存钱，或者你是否最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了那个人向谁寻求建议？该平台是否提供建议？如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化投资建议，提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，纽约市财务咨询集团Lifelaidout的注册财务规划师罗杰·马(Roger Ma)表示，机器人顾问不一定“在管理资金时首先考虑税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售已累计亏损的资产。《工作你的钱，而不是你的生活》一书的作者马说，传统顾问通常专注于构建能带来最节税结果的投资组合。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但通过机器人投资，为您进行的交易与为许多其他投资者进行的交易是相同的，这些投资者可能属于与您不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，特别是对于初学者来说，它可能会“使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“如果你只是想尝试一下，并且想感觉自己投资于多元化的投资组合，我不会说绝对不要聘请机器人顾问，”他说。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金选择单一基金进行投资，并根据投资目标随着时间的推移调整头寸。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人的建议和人类的建议。2015年，MarketWatch邀请四位著名的机器人顾问和四位传统的有血有肉的机器人顾问为一位假设的35岁投资者构建投资组合，投资金额为40,000美元。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>对于机器人顾问的批评者来说，结果或许令人惊讶。Pinnacle Advisory Group的研究总监Michael Kitces在审查结果后表示，机器人的建议与人类顾问的建议“没有太大不同”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385265790,"gmtCreate":1613555862110,"gmtModify":1634553180403,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575359145069729","authorIdStr":"3575359145069729"},"themes":[],"htmlText":"I wonder how crypto will impact our lives in the future.&nbsp;","listText":"I wonder how crypto will impact our lives in the future.&nbsp;","text":"I wonder how crypto will impact our lives in the future.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385265790","repostId":"1167310121","repostType":4,"isVote":1,"tweetType":1,"viewCount":2478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":361023106,"gmtCreate":1614180080005,"gmtModify":1634550832236,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575359145069729","idStr":"3575359145069729"},"themes":[],"htmlText":"Is the Bitcoin momentum really slowing or is this just a small contraction for bigger highs?","listText":"Is the Bitcoin momentum really slowing or is this just a small contraction for bigger highs?","text":"Is the Bitcoin momentum really slowing or is this just a small contraction for bigger highs?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/361023106","repostId":"1155806524","repostType":2,"repost":{"id":"1155806524","kind":"news","pubTimestamp":1614135098,"share":"https://www.laohu8.com/m/news/1155806524?lang=zh_CN&edition=full","pubTime":"2021-02-24 10:51","market":"us","language":"en","title":"The Bitcoin Bubble Could Be Popping. It’s a Headwind for Some High-Flying Stocks.<blockquote>比特币泡沫可能会破裂。对于一些高速发展的股票来说，这是一个阻力。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1155806524","media":"Barrons","summary":"A bear market in Bitcoin may be forming, potentially contributing to the selloff in some highflying ","content":"<p>A bear market in Bitcoin may be forming, potentially contributing to the selloff&nbsp;in&nbsp;some highflying stocks—if not the broader market.</p><p><blockquote>比特币的熊市可能正在形成，可能会导致一些飙升的股票（如果不是大盘的话）遭到抛售。</blockquote></p><p> Tesla(ticker:Tesla),PayPal Holdings(PYPL), and&nbsp;Square(Square), to name just a few, are trading in tighter correlation to the digital currency. Tesla recentlypurchased$1.5 billion of the digital currency, and said it plans to accept it as payment, fueling a surge in its stock.</p><p><blockquote>特斯拉（股票代码：特斯拉）、PayPal控股（PYPL）和Square（Square）等公司的交易与数字货币的相关性更紧密。特斯拉最近购买了15亿美元的数字货币，并表示计划接受其作为支付方式，推动其股价飙升。</blockquote></p><p> High-growth stocks are under pressure due to fears of rising interest rates and bond yields, which reduce the present value of future cash flows. Tesla and the online payment stocks are also crowded trades, making them vulnerable to a selloff.</p><p><blockquote>由于担心利率和债券收益率上升，降低了未来现金流的现值，高增长股票面临压力。特斯拉和在线支付股票的交易也很拥挤，很容易遭到抛售。</blockquote></p><p> PayPal Holdingsand Square are becoming digital-currency brokers, enabling consumers to buy and store Bitcoin on their apps, aiming to eventually allow people to use it to make purchases.</p><p><blockquote>PayPal控股和Square正在成为数字货币经纪商，使消费者能够在其应用程序上购买和存储比特币，旨在最终允许人们使用它进行购买。</blockquote></p><p> The stocks have been sliding as Bitcoin has been in free fall. The digital currency was recently trading around $47,300, down 10% in the past 24 hours and off 18% from highs around $58,000 on Feb. 21, according to CoinDesk.</p><p><blockquote>随着比特币直线下跌，股市一直在下滑。根据CoinDesk的数据，该数字货币最近的交易价格约为47,300美元，在过去24小时内下跌了10%，较2月21日58,000美元左右的高点下跌了18%。</blockquote></p><p> Falling prices of Bitcoin may be helping to drag down the broaderNasdaq CompositeIndex, which fell 2.5% Monday and was down 2.2% on Tuesday.</p><p><blockquote>比特币价格下跌可能会拖累纳斯达克综合指数，该指数周一下跌2.5%，周二下跌2.2%。</blockquote></p><p> The selloff in Bitcoin may have been overdue after its surge over the past few months, and it may have gotten a nudge from Treasury Secretary Janet Yellen. She labeled Bitcoin an “inefficient” currency and warned that it could be a sign of speculative excesses, in aninterviewpublished by the New York Times on Tuesday.</p><p><blockquote>在过去几个月的飙升之后，比特币的抛售可能已经姗姗来迟，而且可能得到了财政部长耶伦的推动。在《纽约时报》周二发表的采访中，她将比特币称为“低效”货币，并警告称这可能是过度投机的迹象。</blockquote></p><p> Traders appear to be taking Yellen’s comments as a sign that regulators in the Biden administration may erect more regulatory hurdles to crypto, making it tougher for banks and brokerages to offer commercial services in digital currencies.</p><p><blockquote>交易员似乎将耶伦的言论视为拜登政府监管机构可能会对加密货币设置更多监管障碍的迹象，使银行和券商更难以数字货币提供商业服务。</blockquote></p><p> TheNasdaq Compositeand other larger-cap indexes may be more closely tied to Bitcoin as the roster of companies involved in crpyto technology or services expands. It now includes the chip manufacturer&nbsp;Nvidia(NVDA), the internet retailer&nbsp;Overstock.com(OSTK), and banks such as&nbsp;Signature Bank(SBNY). Exchanges and brokerages such as&nbsp;CME Group(CME),Cboe Global Markets(CBOE), and Interactive Brokers (IBKR) are also turning into crypto bets as they expand trading in options and futures contracts related to digital currencies.</p><p><blockquote>随着涉及加密技术或服务的公司名单不断扩大，纳斯达克综合指数和其他大盘指数可能与比特币的联系更加紧密。它现在包括芯片制造商英伟达(NVDA)、互联网零售商Overstock.com(OSTK)以及Signature Bank(SBNY)等银行。芝商所(CME)、芝加哥期权交易所全球市场(CBOE)和盈透证券(IBKR)等交易所和券商也在转向加密货币押注，因为它们扩大了与数字货币相关的期权和期货合约的交易。</blockquote></p><p> Tesla’s push into Bitcoin was a vote of confidence in crypto, but it may also have turned Tesla into a proxy for the currency, fueling an exodus from the stock from investors who wanted a car maker, not a crypto play.</p><p><blockquote>特斯拉进军比特币是对加密货币投下的信任票，但它也可能将特斯拉变成了该货币的代表，促使那些想要汽车制造商而不是加密货币的投资者逃离该股。</blockquote></p><p> “By Musk and Tesla aggressively embracing Bitcoin (from a transactional perspective as well), investors are starting to tie Bitcoin and Tesla at the hip,” wrote Wedbush Securities analyst Dan Ives in a note on Tuesday, referring to Tesla CEO Elon Musk.</p><p><blockquote>Wedbush Securities分析师Dan Ives在周二的一份报告中写道：“通过马斯克和特斯拉积极拥抱比特币（也从交易角度来看），投资者开始将比特币和特斯拉绑在一起。”</blockquote></p><p> Bitcoin’s surge has also done wonders for stocks that were left for dead. Overstock, for instance, surged 850% from $2.50 to $85 over the past year, including a 77% gain this year. The company has built a portfolio of blockchain and crypto-companies&nbsp;under its Medici Ventures division. It now plans to convert that unit into a limited partnership called Pelion Venture Partners Fund.</p><p><blockquote>比特币的飙升也为那些奄奄一息的股票创造了奇迹。例如，Overstock在过去一年中从2.50美元飙升至85美元，飙升了850%，其中今年上涨了77%。该公司在其Medici Ventures部门下建立了区块链和加密公司的投资组合。它现在计划将该部门转变为一家名为Pelion Venture Partners Fund的有限合伙企业。</blockquote></p><p> Overstock was down 10% Tuesday, continuing a slide in the last few days as Bitcoin prices slumped.</p><p><blockquote>周二，Overstock下跌10%，随着比特币价格暴跌，延续了过去几天的下滑趋势。</blockquote></p><p> Bitcoin’s impact is being felt heavily in PayPal and Square. The companies earn transaction fees on cryptocurrencies, and they appear to be increasing customer engagement and revenue per user, compared with customers who aren’t involved in crypto.</p><p><blockquote>PayPal和广场都感受到了比特币的影响。这些公司通过加密货币赚取交易费，与不参与加密货币的客户相比，它们似乎正在增加客户参与度和每用户收入。</blockquote></p><p> Neither firm makes much profit off Bitcoin so far, and transactions involving the currency make minimal contributions to revenue. Wolfe analyst Darrin Peller estimates that Bitcoin contributes less than 1% to PayPal’s revenue, and slightly more to Square’s.</p><p><blockquote>到目前为止，两家公司都没有从比特币中获得太多利润，涉及该货币的交易对收入的贡献也很小。Wolfe分析师Darrin Peller估计，比特币对PayPal收入的贡献不到1%，对Square的贡献略高。</blockquote></p><p> “It’s not a major driver of revenue, but it’s a helpful tool to get customers more engaged,” he says. “As more people are engaged with the apps, they use their digital wallets more frequently, and more money goes into the ecosystem.”</p><p><blockquote>“它不是收入的主要驱动力，但它是让客户更多参与的有用工具，”他说。“随着越来越多的人使用这些应用程序，他们会更频繁地使用数字钱包，更多的钱进入生态系统。”</blockquote></p><p> Indeed, the apps could be conduits for Bitcoin to go mainstream. That, in turn, has fueled excitement about the stocks.</p><p><blockquote>事实上，这些应用程序可能是比特币成为主流的渠道。这反过来又加剧了人们对股票的兴奋。</blockquote></p><p> But they are now falling in tandem with Bitcoin. PayPal stock was down 6% Tuesday to $258 and is off 15% in the past five sessions from record highs around $305.</p><p><blockquote>但他们现在正与比特币并驾齐驱。PayPal股价周二下跌6%，至258美元，过去五个交易日较305美元左右的历史高点下跌15%。</blockquote></p><p> Square, which reports earnings after the close Tuesday, was down 7% to $248, off 9% from its record closing high of $272.75 on Feb. 12.</p><p><blockquote>Square周二收盘后公布财报，股价下跌7%，至248美元，较2月12日创纪录的收盘高点272.75美元下跌9%。</blockquote></p><p> The total value of Bitcoin remains formidable at nearly $1 trillion. The blockchain technology behind it is being embraced at banks and other financial firms.JPMorgan Chase(JPM)Citigroup(C), andWells Fargo(WFC) have all invested in blockchain. The custody bankBank of New York Mellonrecently announced that it would hold, transfer, and issue crypto for asset-management clients.</p><p><blockquote>比特币的总价值仍然惊人，接近1万亿美元。其背后的区块链技术正在被银行和其他金融公司所接受。摩根大通(JPM)、花旗集团(C)和富国银行(WFC)都投资了区块链。托管银行纽约梅隆银行最近宣布将为资产管理客户持有、转让和发行加密货币。</blockquote></p><p></p><p> More banks are eager to offer crypto services, notedBank of Americain a report on Tuesday, but they are waiting for guidance from Washington. It may be a while before investors see any impact on their income statements, however, especially if the Bitcoin bubble is now bursting.</p><p><blockquote>美国银行在周二的一份报告中指出，越来越多的银行渴望提供加密货币服务，但他们正在等待华盛顿的指导。然而，投资者可能需要一段时间才能看到对其损益表的任何影响，特别是如果比特币泡沫现在正在破裂的话。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Bitcoin Bubble Could Be Popping. It’s a Headwind for Some High-Flying Stocks.<blockquote>比特币泡沫可能会破裂。对于一些高速发展的股票来说，这是一个阻力。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Bitcoin Bubble Could Be Popping. It’s a Headwind for Some High-Flying Stocks.<blockquote>比特币泡沫可能会破裂。对于一些高速发展的股票来说，这是一个阻力。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-02-24 10:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A bear market in Bitcoin may be forming, potentially contributing to the selloff&nbsp;in&nbsp;some highflying stocks—if not the broader market.</p><p><blockquote>比特币的熊市可能正在形成，可能会导致一些飙升的股票（如果不是大盘的话）遭到抛售。</blockquote></p><p> Tesla(ticker:Tesla),PayPal Holdings(PYPL), and&nbsp;Square(Square), to name just a few, are trading in tighter correlation to the digital currency. Tesla recentlypurchased$1.5 billion of the digital currency, and said it plans to accept it as payment, fueling a surge in its stock.</p><p><blockquote>特斯拉（股票代码：特斯拉）、PayPal控股（PYPL）和Square（Square）等公司的交易与数字货币的相关性更紧密。特斯拉最近购买了15亿美元的数字货币，并表示计划接受其作为支付方式，推动其股价飙升。</blockquote></p><p> High-growth stocks are under pressure due to fears of rising interest rates and bond yields, which reduce the present value of future cash flows. Tesla and the online payment stocks are also crowded trades, making them vulnerable to a selloff.</p><p><blockquote>由于担心利率和债券收益率上升，降低了未来现金流的现值，高增长股票面临压力。特斯拉和在线支付股票的交易也很拥挤，很容易遭到抛售。</blockquote></p><p> PayPal Holdingsand Square are becoming digital-currency brokers, enabling consumers to buy and store Bitcoin on their apps, aiming to eventually allow people to use it to make purchases.</p><p><blockquote>PayPal控股和Square正在成为数字货币经纪商，使消费者能够在其应用程序上购买和存储比特币，旨在最终允许人们使用它进行购买。</blockquote></p><p> The stocks have been sliding as Bitcoin has been in free fall. The digital currency was recently trading around $47,300, down 10% in the past 24 hours and off 18% from highs around $58,000 on Feb. 21, according to CoinDesk.</p><p><blockquote>随着比特币直线下跌，股市一直在下滑。根据CoinDesk的数据，该数字货币最近的交易价格约为47,300美元，在过去24小时内下跌了10%，较2月21日58,000美元左右的高点下跌了18%。</blockquote></p><p> Falling prices of Bitcoin may be helping to drag down the broaderNasdaq CompositeIndex, which fell 2.5% Monday and was down 2.2% on Tuesday.</p><p><blockquote>比特币价格下跌可能会拖累纳斯达克综合指数，该指数周一下跌2.5%，周二下跌2.2%。</blockquote></p><p> The selloff in Bitcoin may have been overdue after its surge over the past few months, and it may have gotten a nudge from Treasury Secretary Janet Yellen. She labeled Bitcoin an “inefficient” currency and warned that it could be a sign of speculative excesses, in aninterviewpublished by the New York Times on Tuesday.</p><p><blockquote>在过去几个月的飙升之后，比特币的抛售可能已经姗姗来迟，而且可能得到了财政部长耶伦的推动。在《纽约时报》周二发表的采访中，她将比特币称为“低效”货币，并警告称这可能是过度投机的迹象。</blockquote></p><p> Traders appear to be taking Yellen’s comments as a sign that regulators in the Biden administration may erect more regulatory hurdles to crypto, making it tougher for banks and brokerages to offer commercial services in digital currencies.</p><p><blockquote>交易员似乎将耶伦的言论视为拜登政府监管机构可能会对加密货币设置更多监管障碍的迹象，使银行和券商更难以数字货币提供商业服务。</blockquote></p><p> TheNasdaq Compositeand other larger-cap indexes may be more closely tied to Bitcoin as the roster of companies involved in crpyto technology or services expands. It now includes the chip manufacturer&nbsp;Nvidia(NVDA), the internet retailer&nbsp;Overstock.com(OSTK), and banks such as&nbsp;Signature Bank(SBNY). Exchanges and brokerages such as&nbsp;CME Group(CME),Cboe Global Markets(CBOE), and Interactive Brokers (IBKR) are also turning into crypto bets as they expand trading in options and futures contracts related to digital currencies.</p><p><blockquote>随着涉及加密技术或服务的公司名单不断扩大，纳斯达克综合指数和其他大盘指数可能与比特币的联系更加紧密。它现在包括芯片制造商英伟达(NVDA)、互联网零售商Overstock.com(OSTK)以及Signature Bank(SBNY)等银行。芝商所(CME)、芝加哥期权交易所全球市场(CBOE)和盈透证券(IBKR)等交易所和券商也在转向加密货币押注，因为它们扩大了与数字货币相关的期权和期货合约的交易。</blockquote></p><p> Tesla’s push into Bitcoin was a vote of confidence in crypto, but it may also have turned Tesla into a proxy for the currency, fueling an exodus from the stock from investors who wanted a car maker, not a crypto play.</p><p><blockquote>特斯拉进军比特币是对加密货币投下的信任票，但它也可能将特斯拉变成了该货币的代表，促使那些想要汽车制造商而不是加密货币的投资者逃离该股。</blockquote></p><p> “By Musk and Tesla aggressively embracing Bitcoin (from a transactional perspective as well), investors are starting to tie Bitcoin and Tesla at the hip,” wrote Wedbush Securities analyst Dan Ives in a note on Tuesday, referring to Tesla CEO Elon Musk.</p><p><blockquote>Wedbush Securities分析师Dan Ives在周二的一份报告中写道：“通过马斯克和特斯拉积极拥抱比特币（也从交易角度来看），投资者开始将比特币和特斯拉绑在一起。”</blockquote></p><p> Bitcoin’s surge has also done wonders for stocks that were left for dead. Overstock, for instance, surged 850% from $2.50 to $85 over the past year, including a 77% gain this year. The company has built a portfolio of blockchain and crypto-companies&nbsp;under its Medici Ventures division. It now plans to convert that unit into a limited partnership called Pelion Venture Partners Fund.</p><p><blockquote>比特币的飙升也为那些奄奄一息的股票创造了奇迹。例如，Overstock在过去一年中从2.50美元飙升至85美元，飙升了850%，其中今年上涨了77%。该公司在其Medici Ventures部门下建立了区块链和加密公司的投资组合。它现在计划将该部门转变为一家名为Pelion Venture Partners Fund的有限合伙企业。</blockquote></p><p> Overstock was down 10% Tuesday, continuing a slide in the last few days as Bitcoin prices slumped.</p><p><blockquote>周二，Overstock下跌10%，随着比特币价格暴跌，延续了过去几天的下滑趋势。</blockquote></p><p> Bitcoin’s impact is being felt heavily in PayPal and Square. The companies earn transaction fees on cryptocurrencies, and they appear to be increasing customer engagement and revenue per user, compared with customers who aren’t involved in crypto.</p><p><blockquote>PayPal和广场都感受到了比特币的影响。这些公司通过加密货币赚取交易费，与不参与加密货币的客户相比，它们似乎正在增加客户参与度和每用户收入。</blockquote></p><p> Neither firm makes much profit off Bitcoin so far, and transactions involving the currency make minimal contributions to revenue. Wolfe analyst Darrin Peller estimates that Bitcoin contributes less than 1% to PayPal’s revenue, and slightly more to Square’s.</p><p><blockquote>到目前为止，两家公司都没有从比特币中获得太多利润，涉及该货币的交易对收入的贡献也很小。Wolfe分析师Darrin Peller估计，比特币对PayPal收入的贡献不到1%，对Square的贡献略高。</blockquote></p><p> “It’s not a major driver of revenue, but it’s a helpful tool to get customers more engaged,” he says. “As more people are engaged with the apps, they use their digital wallets more frequently, and more money goes into the ecosystem.”</p><p><blockquote>“它不是收入的主要驱动力，但它是让客户更多参与的有用工具，”他说。“随着越来越多的人使用这些应用程序，他们会更频繁地使用数字钱包，更多的钱进入生态系统。”</blockquote></p><p> Indeed, the apps could be conduits for Bitcoin to go mainstream. That, in turn, has fueled excitement about the stocks.</p><p><blockquote>事实上，这些应用程序可能是比特币成为主流的渠道。这反过来又加剧了人们对股票的兴奋。</blockquote></p><p> But they are now falling in tandem with Bitcoin. PayPal stock was down 6% Tuesday to $258 and is off 15% in the past five sessions from record highs around $305.</p><p><blockquote>但他们现在正与比特币并驾齐驱。PayPal股价周二下跌6%，至258美元，过去五个交易日较305美元左右的历史高点下跌15%。</blockquote></p><p> Square, which reports earnings after the close Tuesday, was down 7% to $248, off 9% from its record closing high of $272.75 on Feb. 12.</p><p><blockquote>Square周二收盘后公布财报，股价下跌7%，至248美元，较2月12日创纪录的收盘高点272.75美元下跌9%。</blockquote></p><p> The total value of Bitcoin remains formidable at nearly $1 trillion. The blockchain technology behind it is being embraced at banks and other financial firms.JPMorgan Chase(JPM)Citigroup(C), andWells Fargo(WFC) have all invested in blockchain. The custody bankBank of New York Mellonrecently announced that it would hold, transfer, and issue crypto for asset-management clients.</p><p><blockquote>比特币的总价值仍然惊人，接近1万亿美元。其背后的区块链技术正在被银行和其他金融公司所接受。摩根大通(JPM)、花旗集团(C)和富国银行(WFC)都投资了区块链。托管银行纽约梅隆银行最近宣布将为资产管理客户持有、转让和发行加密货币。</blockquote></p><p></p><p> More banks are eager to offer crypto services, notedBank of Americain a report on Tuesday, but they are waiting for guidance from Washington. It may be a while before investors see any impact on their income statements, however, especially if the Bitcoin bubble is now bursting.</p><p><blockquote>美国银行在周二的一份报告中指出，越来越多的银行渴望提供加密货币服务，但他们正在等待华盛顿的指导。然而，投资者可能需要一段时间才能看到对其损益表的任何影响，特别是如果比特币泡沫现在正在破裂的话。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-bitcoin-bubble-could-be-popping-its-a-headwind-for-some-high-flying-stocks-51614105457?mod=hp_LEAD_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CME":"芝加哥商品交易所","SBNY":"签字银行","GBTC":"比特币ETF-Grayscale","NVDA":"英伟达","PYPL":"PayPal","TSLA":"特斯拉","CBOE":"芝加哥期权交易所","IBKR":"盈透证券"},"source_url":"https://www.barrons.com/articles/the-bitcoin-bubble-could-be-popping-its-a-headwind-for-some-high-flying-stocks-51614105457?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155806524","content_text":"A bear market in Bitcoin may be forming, potentially contributing to the selloff in some highflying stocks—if not the broader market.\nTesla(ticker:Tesla),PayPal Holdings(PYPL), and Square(Square), to name just a few, are trading in tighter correlation to the digital currency. Tesla recentlypurchased$1.5 billion of the digital currency, and said it plans to accept it as payment, fueling a surge in its stock.\nHigh-growth stocks are under pressure due to fears of rising interest rates and bond yields, which reduce the present value of future cash flows. Tesla and the online payment stocks are also crowded trades, making them vulnerable to a selloff.\nPayPal Holdingsand Square are becoming digital-currency brokers, enabling consumers to buy and store Bitcoin on their apps, aiming to eventually allow people to use it to make purchases.\nThe stocks have been sliding as Bitcoin has been in free fall. The digital currency was recently trading around $47,300, down 10% in the past 24 hours and off 18% from highs around $58,000 on Feb. 21, according to CoinDesk.\nFalling prices of Bitcoin may be helping to drag down the broaderNasdaq CompositeIndex, which fell 2.5% Monday and was down 2.2% on Tuesday.\nThe selloff in Bitcoin may have been overdue after its surge over the past few months, and it may have gotten a nudge from Treasury Secretary Janet Yellen. She labeled Bitcoin an “inefficient” currency and warned that it could be a sign of speculative excesses, in aninterviewpublished by the New York Times on Tuesday.\nTraders appear to be taking Yellen’s comments as a sign that regulators in the Biden administration may erect more regulatory hurdles to crypto, making it tougher for banks and brokerages to offer commercial services in digital currencies.\nTheNasdaq Compositeand other larger-cap indexes may be more closely tied to Bitcoin as the roster of companies involved in crpyto technology or services expands. It now includes the chip manufacturer Nvidia(NVDA), the internet retailer Overstock.com(OSTK), and banks such as Signature Bank(SBNY). Exchanges and brokerages such as CME Group(CME),Cboe Global Markets(CBOE), and Interactive Brokers (IBKR) are also turning into crypto bets as they expand trading in options and futures contracts related to digital currencies.\nTesla’s push into Bitcoin was a vote of confidence in crypto, but it may also have turned Tesla into a proxy for the currency, fueling an exodus from the stock from investors who wanted a car maker, not a crypto play.\n“By Musk and Tesla aggressively embracing Bitcoin (from a transactional perspective as well), investors are starting to tie Bitcoin and Tesla at the hip,” wrote Wedbush Securities analyst Dan Ives in a note on Tuesday, referring to Tesla CEO Elon Musk.\nBitcoin’s surge has also done wonders for stocks that were left for dead. Overstock, for instance, surged 850% from $2.50 to $85 over the past year, including a 77% gain this year. The company has built a portfolio of blockchain and crypto-companies under its Medici Ventures division. It now plans to convert that unit into a limited partnership called Pelion Venture Partners Fund.\nOverstock was down 10% Tuesday, continuing a slide in the last few days as Bitcoin prices slumped.\nBitcoin’s impact is being felt heavily in PayPal and Square. The companies earn transaction fees on cryptocurrencies, and they appear to be increasing customer engagement and revenue per user, compared with customers who aren’t involved in crypto.\nNeither firm makes much profit off Bitcoin so far, and transactions involving the currency make minimal contributions to revenue. Wolfe analyst Darrin Peller estimates that Bitcoin contributes less than 1% to PayPal’s revenue, and slightly more to Square’s.\n“It’s not a major driver of revenue, but it’s a helpful tool to get customers more engaged,” he says. “As more people are engaged with the apps, they use their digital wallets more frequently, and more money goes into the ecosystem.”\nIndeed, the apps could be conduits for Bitcoin to go mainstream. That, in turn, has fueled excitement about the stocks.\nBut they are now falling in tandem with Bitcoin. PayPal stock was down 6% Tuesday to $258 and is off 15% in the past five sessions from record highs around $305.\nSquare, which reports earnings after the close Tuesday, was down 7% to $248, off 9% from its record closing high of $272.75 on Feb. 12.\nThe total value of Bitcoin remains formidable at nearly $1 trillion. The blockchain technology behind it is being embraced at banks and other financial firms.JPMorgan Chase(JPM)Citigroup(C), andWells Fargo(WFC) have all invested in blockchain. The custody bankBank of New York Mellonrecently announced that it would hold, transfer, and issue crypto for asset-management clients.\nMore banks are eager to offer crypto services, notedBank of Americain a report on Tuesday, but they are waiting for guidance from Washington. It may be a while before investors see any impact on their income statements, however, especially if the Bitcoin bubble is now bursting.","news_type":1,"symbols_score_info":{"IBKR":0.9,"XBTmain":0.9,"PYPL":0.9,"NVDA":0.9,"CME":0.9,"TSLA":0.9,"CBOE":0.9,"BTCmain":0.9,"SQ":0.9,"SBNY":0.9,"OSTK":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":1479,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360759779,"gmtCreate":1613982562491,"gmtModify":1634551672100,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575359145069729","idStr":"3575359145069729"},"themes":[],"htmlText":"Can’t belive there are marijuana ETFs now.&nbsp;","listText":"Can’t belive there are marijuana ETFs now.&nbsp;","text":"Can’t belive there are marijuana ETFs now.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/360759779","repostId":"1165604778","repostType":4,"repost":{"id":"1165604778","kind":"news","pubTimestamp":1613976323,"share":"https://www.laohu8.com/m/news/1165604778?lang=zh_CN&edition=full","pubTime":"2021-02-22 14:45","market":"us","language":"en","title":"Should you put your hard-earned money into marijuana stocks?<blockquote>你应该把你的血汗钱投入大麻股票吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1165604778","media":"Motley Fool","summary":"Should you put your hard-earned money into marijuana stocks? We detail the investment opportunities,","content":"<p>Should you put your hard-earned money into marijuana stocks? We detail the investment opportunities, risks, and regulations in the cannabis space.</p><p><blockquote>你应该把你的血汗钱投入大麻股票吗？我们详细介绍了大麻领域的投资机会、风险和法规。</blockquote></p><p> The marijuana industry is expected to triple in the next five years -- and many investors are looking to profit.</p><p><blockquote>大麻产业预计将在未来五年内增长两倍，许多投资者都希望从中获利。</blockquote></p><p> As states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies.</p><p><blockquote>随着各州和整个国家将大麻和/或其成分非刑罪化或合法化，企业家和现有公司将面临大量机会。</blockquote></p><p> But as in any nascent industry, there are also loads of risks and bad actors. Whether you're a first-time investor or a seasoned veteran, it pays to understand all of the moving parts.</p><p><blockquote>但与任何新兴行业一样，也存在大量风险和不良行为者。无论你是第一次投资者还是经验丰富的老手，了解所有的活动部分都是值得的。</blockquote></p><p> This guide will get you up to speed quickly.</p><p><blockquote>这个指南会让你很快上手。</blockquote></p><p> How to Invest in Marijuana Stocks</p><p><blockquote>如何投资大麻股票</blockquote></p><p> Follow these seven steps if you're thinking about buying cannabis stocks. The following is a summary, but we encourage you to read the entire article linked below for all the details.</p><p><blockquote>如果您正在考虑购买大麻股票，请遵循以下七个步骤。以下是一个总结，但我们鼓励您阅读下面链接的整篇文章以了解所有细节。</blockquote></p><p> <b><i>1. Understand the types of marijuana products.</i></b></p><p><blockquote><b><i>1.了解大麻制品的种类。</i></b></blockquote></p><p> <ul>  <li>There are two types of cannabis products: medical marijuana vs. recreational marijuana.</li>  <li>Cannabidiol (CBD) is a cannabinoid that is different than the psychoactive delta-9 tetrahydrocannabinol (THC).</li> </ul> <b><i>2. Know the different types of marijuana stocks.</i></b></p><p><blockquote><ul><li>大麻产品有两种类型：医用大麻和休闲大麻。</li><li>大麻二酚（CBD）是一种大麻素，不同于精神活性δ-9四氢大麻酚（THC）。</li></ul><b><i>2.了解大麻股票的不同类型。</i></b></blockquote></p><p> <ul>  <li>Marijuana growers like<b>Canopy Growth Corporation</b>(NYSE:CGC)</li>  <li>Cannabis-focused biotechs like<b>GW Pharmaceuticals</b>(NASDAQ:GWPH)</li>  <li>Providers of supporting products and services like<b>Scotts Miracle-Gro</b>(NYSE:SMG)</li> </ul> <b><i>3. Understand the risks of investing in marijuana stocks.</i></b></p><p><blockquote><ul><li>大麻种植者喜欢<b>树冠生长公司</b>（纽约证券交易所代码：CGC）</li><li>专注于大麻的生物技术公司，例如<b>GW制药公司</b>（纳斯达克：GWPH）</li><li>支持产品和服务的提供商，如<b>斯科茨奇迹-格罗</b>（纽约证券交易所代码：SMG）</li></ul><b><i>3.了解投资大麻股票的风险。</i></b></blockquote></p><p> <ul>  <li>Legal and political risks</li>  <li>Supply/demand imbalances</li>  <li>Risk in those that are over-the-counter stocks</li> </ul> <b><i>4. Know what to look for in a marijuana stock.</i></b></p><p><blockquote><ul><li>法律和政治风险</li><li>供需失衡</li><li>场外交易股票的风险</li></ul><b><i>4.知道在大麻库存中寻找什么。</i></b></blockquote></p><p> <ul>  <li>Normal stock considerations, including:</li>  <li>Cannabis production costs</li>  <li>For Canadian companies, the extent of international operations and distribution</li>  <li>Dilution risks via warrants and convertible securities</li> </ul> <b><i>5. Evaluate the top marijuana stocks and exchange-traded funds (ETFs).</i></b></p><p><blockquote><ul><li>正常库存考虑因素，包括：</li><li>大麻生产成本</li><li>对于加拿大公司来说，国际运营和分销的程度</li><li>认股权证及可换股证券摊薄风险</li></ul><b><i>5.评估顶级大麻股票和交易所交易基金（ETF）。</i></b></blockquote></p><p> <ul>  <li>Marijuana growers like Canopy Growth,<b>Aurora Cannabis</b>(NYSE:ACB),<b>Tilray</b>(NASDAQ:TLRY), and<b>Aphria</b>(NYSE:APHA)</li>  <li>Biotechs like GW Pharmaceuticals,<b>Cara Therapeutics</b>(NASDAQ:CARA), and<b>Insys Therapeutics</b>(NASDAQ:INSY)</li>  <li>Ancillary providers like Scotts Miracle-Gro</li>  <li>ETFs like<b>Horizons Marijuana Life Sciences ETF</b>(NASDAQOTH:HMLSF) and<b>ETFMG Alternative Harvest ETF</b>(NYSEMKT:MJ)</li> </ul> <b><i>6. Invest carefully.</i></b></p><p><blockquote><ul><li>大麻种植者喜欢树冠生长，<b>奥罗拉大麻</b>（纽约证券交易所代码：ACB），<b>蒂尔雷</b>（纳斯达克：TLRY），以及<b>Aphria</b>（纽约证券交易所代码：APHA）</li><li>像GW制药这样的生物技术公司，<b>卡拉疗法</b>（纳斯达克：卡拉），以及<b>Insys治疗</b>（纳斯达克：INSY）</li><li>Scotts Miracle-Gro等辅助提供商</li><li>ETF喜欢<b>地平线大麻生命科学ETF</b>（纳斯达克股票代码：HMLSF）和<b>ETFMG另类嘉实ETF</b>（纽约证券交易所股票代码：MJ）</li></ul><b><i>6、谨慎投资。</i></b></blockquote></p><p> <ul>  <li>For many, avoiding individual investments in the marijuana space entirely is the right call.</li>  <li>For those who buy in, keeping your marijuana exposure to a small percentage of your overall portfolio limits your risk.</li>  <li>Pure plays are riskier than more diversified plays.</li> </ul> <b><i>7. Monitor changing industry dynamics closely.</i></b></p><p><blockquote><ul><li>对许多人来说，完全避免在大麻领域进行个人投资是正确的看涨期权。</li><li>对于那些买入的人来说，将大麻敞口保持在整体投资组合的一小部分可以限制你的风险。</li><li>纯粹的戏剧比更多元化的戏剧风险更大。</li></ul><b><i>7.密切监控不断变化的行业动态。</i></b></blockquote></p><p> <ul>  <li>Laws, regulations, competitive forces, and the business strategies of the companies themselves will all change rapidly over time.</li> </ul> Read more:How to Invest in Marijuana Stocks(Note: includes a list of every major marijuana stock)</p><p><blockquote><ul><li>法律、法规、竞争力量和公司本身的商业策略都会随着时间的推移而迅速变化。</li></ul>阅读更多：如何投资大麻股票（注：包括每只主要大麻股票的列表）</blockquote></p><p> But, Really, Should I Buy Marijuana Stocks?</p><p><blockquote>但是，说真的，我应该买大麻股票吗？</blockquote></p><p> We just went step-by-step through how to invest in cannabis, but just because there's a trendy new sector with lots of press and potential growth doesn't mean you need to put your hard-earned money in it. After all, if you buy broad index funds, you're covered no matter what sector of the stock market does well.</p><p><blockquote>我们只是一步一步地介绍了如何投资大麻，但仅仅因为有一个时尚的新行业有很多媒体和潜在的增长，并不意味着你需要把你的血汗钱投入其中。毕竟，如果您购买广泛指数基金，无论股市哪个板块表现良好，您都会受到保障。</blockquote></p><p> Think through the pros and cons as you read on:Should You Invest in Marijuana Stocks?</p><p><blockquote>当你继续阅读时，仔细考虑利弊：你应该投资大麻股票吗？</blockquote></p><p> Marijuana Legalization in the U.S.: The History and the Future</p><p><blockquote>美国大麻合法化：历史与未来</blockquote></p><p> One of the biggest variables in cannabis investing is to what extent marijuana will be decriminalized or legalized within the United States, both on a state-by-state basis and on a federal basis.</p><p><blockquote>大麻投资的最大变量之一是大麻在美国将在多大程度上合法化或合法化，无论是在各州还是在联邦基础上。</blockquote></p><p> The link below provides a quick spin through what we've seen so far, from decriminalization efforts starting in 1973 to legalization efforts beginning in earnest in 1996 to the political signs of where we seem to be heading.</p><p><blockquote>下面的链接快速浏览了我们到目前为止所看到的，从1973年开始的非刑罪化努力到1996年认真开始的合法化努力，再到我们前进方向的政治迹象。</blockquote></p><p> Read on:Timeline for Marijuana Legalization in the United States: How the Dominoes Are Falling</p><p><blockquote>继续阅读：美国大麻合法化的时间表：多米诺骨牌如何倒下</blockquote></p><p> More Information on Canadian Marijuana Stocks</p><p><blockquote>有关加拿大大麻股票的更多信息</blockquote></p><p> There's been tremendous interest in Canadian cannabis stocks, because on October 17, 2018, recreational use of marijuana became legal in Canada (it had been legalized on a medical basis since 2001).</p><p><blockquote>人们对加拿大大麻股票产生了巨大的兴趣，因为2018年10月17日，娱乐性使用大麻在加拿大成为合法（自2001年以来，大麻在医疗基础上已合法化）。</blockquote></p><p> Beyond consumption by Canadians, the upside thesis involves operations or distribution to other countries that have legalized or may legalize marijuana to various extents. This includes Germany and particularly the large market on Canada's southern border.</p><p><blockquote>除了加拿大人的消费之外，有利的论点还涉及到向已经或可能在不同程度上使大麻合法化的其他国家的运营或分销。这包括德国，尤其是加拿大南部边境的大市场。</blockquote></p><p> Read on:Everything You Need to Know About Investing in Canadian Marijuana Stocks</p><p><blockquote>继续阅读：有关投资加拿大大麻股票您需要了解的一切</blockquote></p><p> Commonly Confused Cannabis Terms</p><p><blockquote>常见混淆的大麻术语</blockquote></p><p></p><p> One of the difficulties in understanding the marijuana industry is the jargon. Fortunately, it's not too complicated once you get a handle on a few main terms.</p><p><blockquote>理解大麻行业的困难之一是行话。幸运的是，一旦你掌握了几个主要术语，事情就不会太复杂了。</blockquote></p><p> <i>Marijuana vs. cannabis</i></p><p><blockquote><i>大麻与大麻</i></blockquote></p><p> Cannabis is the scientific name of the plant (the genus that houses three species). For an investor's purposes, marijuana is synonymous with cannabis, as are more informal nicknames like pot, weed, ganja, dope, grass, 420, sticky icky, etc.</p><p><blockquote>大麻是这种植物的学名（该属有三个物种）。对于投资者来说，大麻是大麻的同义词，还有更非正式的昵称，如大麻、杂草、ganja、dope、grass、420、sticky icky等。</blockquote></p><p> <i>CBD vs. THC</i></p><p><blockquote><i>CBD与THC</i></blockquote></p><p> Cannabis is made up of nearly 500 chemical constituents, including many dozens of cannabinoids (substances that act on the body's cannabinoid receptors).</p><p><blockquote>大麻由近500种化学成分组成，包括几十种大麻素（作用于人体大麻素受体的物质）。</blockquote></p><p> The two most commercially relevant of these cannabinoids are delta-9 tetrahydrocannabinol (THC) and cannabidiol (CBD). Only THC is psychoactive (i.e., makes you high).</p><p><blockquote>这些大麻素中最具商业相关性的两种是δ-9四氢大麻酚（THC）和大麻二酚（CBD）。只有THC是精神活性的（即让你兴奋）。</blockquote></p><p> <i>Hemp</i></p><p><blockquote><i>大麻</i></blockquote></p><p> Hemp is a strain of a species of cannabis with relatively low levels of THC and relatively high levels of CBD. It has many industrial uses like providing fibers to make rope and clothing.</p><p><blockquote>大麻是一种大麻，THC含量相对较低，CBD含量相对较高。它有许多工业用途，如提供纤维来制造绳子和衣服。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Should you put your hard-earned money into marijuana stocks?<blockquote>你应该把你的血汗钱投入大麻股票吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould you put your hard-earned money into marijuana stocks?<blockquote>你应该把你的血汗钱投入大麻股票吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-02-22 14:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Should you put your hard-earned money into marijuana stocks? We detail the investment opportunities, risks, and regulations in the cannabis space.</p><p><blockquote>你应该把你的血汗钱投入大麻股票吗？我们详细介绍了大麻领域的投资机会、风险和法规。</blockquote></p><p> The marijuana industry is expected to triple in the next five years -- and many investors are looking to profit.</p><p><blockquote>大麻产业预计将在未来五年内增长两倍，许多投资者都希望从中获利。</blockquote></p><p> As states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies.</p><p><blockquote>随着各州和整个国家将大麻和/或其成分非刑罪化或合法化，企业家和现有公司将面临大量机会。</blockquote></p><p> But as in any nascent industry, there are also loads of risks and bad actors. Whether you're a first-time investor or a seasoned veteran, it pays to understand all of the moving parts.</p><p><blockquote>但与任何新兴行业一样，也存在大量风险和不良行为者。无论你是第一次投资者还是经验丰富的老手，了解所有的活动部分都是值得的。</blockquote></p><p> This guide will get you up to speed quickly.</p><p><blockquote>这个指南会让你很快上手。</blockquote></p><p> How to Invest in Marijuana Stocks</p><p><blockquote>如何投资大麻股票</blockquote></p><p> Follow these seven steps if you're thinking about buying cannabis stocks. The following is a summary, but we encourage you to read the entire article linked below for all the details.</p><p><blockquote>如果您正在考虑购买大麻股票，请遵循以下七个步骤。以下是一个总结，但我们鼓励您阅读下面链接的整篇文章以了解所有细节。</blockquote></p><p> <b><i>1. Understand the types of marijuana products.</i></b></p><p><blockquote><b><i>1.了解大麻制品的种类。</i></b></blockquote></p><p> <ul>  <li>There are two types of cannabis products: medical marijuana vs. recreational marijuana.</li>  <li>Cannabidiol (CBD) is a cannabinoid that is different than the psychoactive delta-9 tetrahydrocannabinol (THC).</li> </ul> <b><i>2. Know the different types of marijuana stocks.</i></b></p><p><blockquote><ul><li>大麻产品有两种类型：医用大麻和休闲大麻。</li><li>大麻二酚（CBD）是一种大麻素，不同于精神活性δ-9四氢大麻酚（THC）。</li></ul><b><i>2.了解大麻股票的不同类型。</i></b></blockquote></p><p> <ul>  <li>Marijuana growers like<b>Canopy Growth Corporation</b>(NYSE:CGC)</li>  <li>Cannabis-focused biotechs like<b>GW Pharmaceuticals</b>(NASDAQ:GWPH)</li>  <li>Providers of supporting products and services like<b>Scotts Miracle-Gro</b>(NYSE:SMG)</li> </ul> <b><i>3. Understand the risks of investing in marijuana stocks.</i></b></p><p><blockquote><ul><li>大麻种植者喜欢<b>树冠生长公司</b>（纽约证券交易所代码：CGC）</li><li>专注于大麻的生物技术公司，例如<b>GW制药公司</b>（纳斯达克：GWPH）</li><li>支持产品和服务的提供商，如<b>斯科茨奇迹-格罗</b>（纽约证券交易所代码：SMG）</li></ul><b><i>3.了解投资大麻股票的风险。</i></b></blockquote></p><p> <ul>  <li>Legal and political risks</li>  <li>Supply/demand imbalances</li>  <li>Risk in those that are over-the-counter stocks</li> </ul> <b><i>4. Know what to look for in a marijuana stock.</i></b></p><p><blockquote><ul><li>法律和政治风险</li><li>供需失衡</li><li>场外交易股票的风险</li></ul><b><i>4.知道在大麻库存中寻找什么。</i></b></blockquote></p><p> <ul>  <li>Normal stock considerations, including:</li>  <li>Cannabis production costs</li>  <li>For Canadian companies, the extent of international operations and distribution</li>  <li>Dilution risks via warrants and convertible securities</li> </ul> <b><i>5. Evaluate the top marijuana stocks and exchange-traded funds (ETFs).</i></b></p><p><blockquote><ul><li>正常库存考虑因素，包括：</li><li>大麻生产成本</li><li>对于加拿大公司来说，国际运营和分销的程度</li><li>认股权证及可换股证券摊薄风险</li></ul><b><i>5.评估顶级大麻股票和交易所交易基金（ETF）。</i></b></blockquote></p><p> <ul>  <li>Marijuana growers like Canopy Growth,<b>Aurora Cannabis</b>(NYSE:ACB),<b>Tilray</b>(NASDAQ:TLRY), and<b>Aphria</b>(NYSE:APHA)</li>  <li>Biotechs like GW Pharmaceuticals,<b>Cara Therapeutics</b>(NASDAQ:CARA), and<b>Insys Therapeutics</b>(NASDAQ:INSY)</li>  <li>Ancillary providers like Scotts Miracle-Gro</li>  <li>ETFs like<b>Horizons Marijuana Life Sciences ETF</b>(NASDAQOTH:HMLSF) and<b>ETFMG Alternative Harvest ETF</b>(NYSEMKT:MJ)</li> </ul> <b><i>6. Invest carefully.</i></b></p><p><blockquote><ul><li>大麻种植者喜欢树冠生长，<b>奥罗拉大麻</b>（纽约证券交易所代码：ACB），<b>蒂尔雷</b>（纳斯达克：TLRY），以及<b>Aphria</b>（纽约证券交易所代码：APHA）</li><li>像GW制药这样的生物技术公司，<b>卡拉疗法</b>（纳斯达克：卡拉），以及<b>Insys治疗</b>（纳斯达克：INSY）</li><li>Scotts Miracle-Gro等辅助提供商</li><li>ETF喜欢<b>地平线大麻生命科学ETF</b>（纳斯达克股票代码：HMLSF）和<b>ETFMG另类嘉实ETF</b>（纽约证券交易所股票代码：MJ）</li></ul><b><i>6、谨慎投资。</i></b></blockquote></p><p> <ul>  <li>For many, avoiding individual investments in the marijuana space entirely is the right call.</li>  <li>For those who buy in, keeping your marijuana exposure to a small percentage of your overall portfolio limits your risk.</li>  <li>Pure plays are riskier than more diversified plays.</li> </ul> <b><i>7. Monitor changing industry dynamics closely.</i></b></p><p><blockquote><ul><li>对许多人来说，完全避免在大麻领域进行个人投资是正确的看涨期权。</li><li>对于那些买入的人来说，将大麻敞口保持在整体投资组合的一小部分可以限制你的风险。</li><li>纯粹的戏剧比更多元化的戏剧风险更大。</li></ul><b><i>7.密切监控不断变化的行业动态。</i></b></blockquote></p><p> <ul>  <li>Laws, regulations, competitive forces, and the business strategies of the companies themselves will all change rapidly over time.</li> </ul> Read more:How to Invest in Marijuana Stocks(Note: includes a list of every major marijuana stock)</p><p><blockquote><ul><li>法律、法规、竞争力量和公司本身的商业策略都会随着时间的推移而迅速变化。</li></ul>阅读更多：如何投资大麻股票（注：包括每只主要大麻股票的列表）</blockquote></p><p> But, Really, Should I Buy Marijuana Stocks?</p><p><blockquote>但是，说真的，我应该买大麻股票吗？</blockquote></p><p> We just went step-by-step through how to invest in cannabis, but just because there's a trendy new sector with lots of press and potential growth doesn't mean you need to put your hard-earned money in it. After all, if you buy broad index funds, you're covered no matter what sector of the stock market does well.</p><p><blockquote>我们只是一步一步地介绍了如何投资大麻，但仅仅因为有一个时尚的新行业有很多媒体和潜在的增长，并不意味着你需要把你的血汗钱投入其中。毕竟，如果您购买广泛指数基金，无论股市哪个板块表现良好，您都会受到保障。</blockquote></p><p> Think through the pros and cons as you read on:Should You Invest in Marijuana Stocks?</p><p><blockquote>当你继续阅读时，仔细考虑利弊：你应该投资大麻股票吗？</blockquote></p><p> Marijuana Legalization in the U.S.: The History and the Future</p><p><blockquote>美国大麻合法化：历史与未来</blockquote></p><p> One of the biggest variables in cannabis investing is to what extent marijuana will be decriminalized or legalized within the United States, both on a state-by-state basis and on a federal basis.</p><p><blockquote>大麻投资的最大变量之一是大麻在美国将在多大程度上合法化或合法化，无论是在各州还是在联邦基础上。</blockquote></p><p> The link below provides a quick spin through what we've seen so far, from decriminalization efforts starting in 1973 to legalization efforts beginning in earnest in 1996 to the political signs of where we seem to be heading.</p><p><blockquote>下面的链接快速浏览了我们到目前为止所看到的，从1973年开始的非刑罪化努力到1996年认真开始的合法化努力，再到我们前进方向的政治迹象。</blockquote></p><p> Read on:Timeline for Marijuana Legalization in the United States: How the Dominoes Are Falling</p><p><blockquote>继续阅读：美国大麻合法化的时间表：多米诺骨牌如何倒下</blockquote></p><p> More Information on Canadian Marijuana Stocks</p><p><blockquote>有关加拿大大麻股票的更多信息</blockquote></p><p> There's been tremendous interest in Canadian cannabis stocks, because on October 17, 2018, recreational use of marijuana became legal in Canada (it had been legalized on a medical basis since 2001).</p><p><blockquote>人们对加拿大大麻股票产生了巨大的兴趣，因为2018年10月17日，娱乐性使用大麻在加拿大成为合法（自2001年以来，大麻在医疗基础上已合法化）。</blockquote></p><p> Beyond consumption by Canadians, the upside thesis involves operations or distribution to other countries that have legalized or may legalize marijuana to various extents. This includes Germany and particularly the large market on Canada's southern border.</p><p><blockquote>除了加拿大人的消费之外，有利的论点还涉及到向已经或可能在不同程度上使大麻合法化的其他国家的运营或分销。这包括德国，尤其是加拿大南部边境的大市场。</blockquote></p><p> Read on:Everything You Need to Know About Investing in Canadian Marijuana Stocks</p><p><blockquote>继续阅读：有关投资加拿大大麻股票您需要了解的一切</blockquote></p><p> Commonly Confused Cannabis Terms</p><p><blockquote>常见混淆的大麻术语</blockquote></p><p></p><p> One of the difficulties in understanding the marijuana industry is the jargon. Fortunately, it's not too complicated once you get a handle on a few main terms.</p><p><blockquote>理解大麻行业的困难之一是行话。幸运的是，一旦你掌握了几个主要术语，事情就不会太复杂了。</blockquote></p><p> <i>Marijuana vs. cannabis</i></p><p><blockquote><i>大麻与大麻</i></blockquote></p><p> Cannabis is the scientific name of the plant (the genus that houses three species). For an investor's purposes, marijuana is synonymous with cannabis, as are more informal nicknames like pot, weed, ganja, dope, grass, 420, sticky icky, etc.</p><p><blockquote>大麻是这种植物的学名（该属有三个物种）。对于投资者来说，大麻是大麻的同义词，还有更非正式的昵称，如大麻、杂草、ganja、dope、grass、420、sticky icky等。</blockquote></p><p> <i>CBD vs. THC</i></p><p><blockquote><i>CBD与THC</i></blockquote></p><p> Cannabis is made up of nearly 500 chemical constituents, including many dozens of cannabinoids (substances that act on the body's cannabinoid receptors).</p><p><blockquote>大麻由近500种化学成分组成，包括几十种大麻素（作用于人体大麻素受体的物质）。</blockquote></p><p> The two most commercially relevant of these cannabinoids are delta-9 tetrahydrocannabinol (THC) and cannabidiol (CBD). Only THC is psychoactive (i.e., makes you high).</p><p><blockquote>这些大麻素中最具商业相关性的两种是δ-9四氢大麻酚（THC）和大麻二酚（CBD）。只有THC是精神活性的（即让你兴奋）。</blockquote></p><p> <i>Hemp</i></p><p><blockquote><i>大麻</i></blockquote></p><p> Hemp is a strain of a species of cannabis with relatively low levels of THC and relatively high levels of CBD. It has many industrial uses like providing fibers to make rope and clothing.</p><p><blockquote>大麻是一种大麻，THC含量相对较低，CBD含量相对较高。它有许多工业用途，如提供纤维来制造绳子和衣服。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/marijuana-stocks/?page=1\">Motley Fool</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MJ":"Amplify Alternative Harvest ETF","ACB":"奥罗拉大麻公司","SNDL":"SNDL Inc.","CGC":"Canopy Growth Corporation","APHA":"Aphria Inc.","TLRY":"Tilray Inc.","CRON":"Cronos Group Inc."},"source_url":"https://www.fool.com/marijuana-stocks/?page=1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165604778","content_text":"Should you put your hard-earned money into marijuana stocks? We detail the investment opportunities, risks, and regulations in the cannabis space.\nThe marijuana industry is expected to triple in the next five years -- and many investors are looking to profit.\nAs states and entire countries decriminalize or legalize cannabis and/or its components, there are loads of opportunities for entrepreneurs and existing companies.\nBut as in any nascent industry, there are also loads of risks and bad actors. Whether you're a first-time investor or a seasoned veteran, it pays to understand all of the moving parts.\nThis guide will get you up to speed quickly.\nHow to Invest in Marijuana Stocks\nFollow these seven steps if you're thinking about buying cannabis stocks. The following is a summary, but we encourage you to read the entire article linked below for all the details.\n1. Understand the types of marijuana products.\n\nThere are two types of cannabis products: medical marijuana vs. recreational marijuana.\nCannabidiol (CBD) is a cannabinoid that is different than the psychoactive delta-9 tetrahydrocannabinol (THC).\n\n2. Know the different types of marijuana stocks.\n\nMarijuana growers likeCanopy Growth Corporation(NYSE:CGC)\nCannabis-focused biotechs likeGW Pharmaceuticals(NASDAQ:GWPH)\nProviders of supporting products and services likeScotts Miracle-Gro(NYSE:SMG)\n\n3. Understand the risks of investing in marijuana stocks.\n\nLegal and political risks\nSupply/demand imbalances\nRisk in those that are over-the-counter stocks\n\n4. Know what to look for in a marijuana stock.\n\nNormal stock considerations, including:\nCannabis production costs\nFor Canadian companies, the extent of international operations and distribution\nDilution risks via warrants and convertible securities\n\n5. Evaluate the top marijuana stocks and exchange-traded funds (ETFs).\n\nMarijuana growers like Canopy Growth,Aurora Cannabis(NYSE:ACB),Tilray(NASDAQ:TLRY), andAphria(NYSE:APHA)\nBiotechs like GW Pharmaceuticals,Cara Therapeutics(NASDAQ:CARA), andInsys Therapeutics(NASDAQ:INSY)\nAncillary providers like Scotts Miracle-Gro\nETFs likeHorizons Marijuana Life Sciences ETF(NASDAQOTH:HMLSF) andETFMG Alternative Harvest ETF(NYSEMKT:MJ)\n\n6. Invest carefully.\n\nFor many, avoiding individual investments in the marijuana space entirely is the right call.\nFor those who buy in, keeping your marijuana exposure to a small percentage of your overall portfolio limits your risk.\nPure plays are riskier than more diversified plays.\n\n7. Monitor changing industry dynamics closely.\n\nLaws, regulations, competitive forces, and the business strategies of the companies themselves will all change rapidly over time.\n\nRead more:How to Invest in Marijuana Stocks(Note: includes a list of every major marijuana stock)\nBut, Really, Should I Buy Marijuana Stocks?\nWe just went step-by-step through how to invest in cannabis, but just because there's a trendy new sector with lots of press and potential growth doesn't mean you need to put your hard-earned money in it. After all, if you buy broad index funds, you're covered no matter what sector of the stock market does well.\nThink through the pros and cons as you read on:Should You Invest in Marijuana Stocks?\nMarijuana Legalization in the U.S.: The History and the Future\nOne of the biggest variables in cannabis investing is to what extent marijuana will be decriminalized or legalized within the United States, both on a state-by-state basis and on a federal basis.\nThe link below provides a quick spin through what we've seen so far, from decriminalization efforts starting in 1973 to legalization efforts beginning in earnest in 1996 to the political signs of where we seem to be heading.\nRead on:Timeline for Marijuana Legalization in the United States: How the Dominoes Are Falling\nMore Information on Canadian Marijuana Stocks\nThere's been tremendous interest in Canadian cannabis stocks, because on October 17, 2018, recreational use of marijuana became legal in Canada (it had been legalized on a medical basis since 2001).\nBeyond consumption by Canadians, the upside thesis involves operations or distribution to other countries that have legalized or may legalize marijuana to various extents. This includes Germany and particularly the large market on Canada's southern border.\nRead on:Everything You Need to Know About Investing in Canadian Marijuana Stocks\nCommonly Confused Cannabis Terms\nOne of the difficulties in understanding the marijuana industry is the jargon. Fortunately, it's not too complicated once you get a handle on a few main terms.\nMarijuana vs. cannabis\nCannabis is the scientific name of the plant (the genus that houses three species). For an investor's purposes, marijuana is synonymous with cannabis, as are more informal nicknames like pot, weed, ganja, dope, grass, 420, sticky icky, etc.\nCBD vs. THC\nCannabis is made up of nearly 500 chemical constituents, including many dozens of cannabinoids (substances that act on the body's cannabinoid receptors).\nThe two most commercially relevant of these cannabinoids are delta-9 tetrahydrocannabinol (THC) and cannabidiol (CBD). Only THC is psychoactive (i.e., makes you high).\nHemp\nHemp is a strain of a species of cannabis with relatively low levels of THC and relatively high levels of CBD. It has many industrial uses like providing fibers to make rope and clothing.","news_type":1,"symbols_score_info":{"CGC":0.9,"CRON":0.9,"TLRY":0.9,"MJ":0.9,"ACB":0.9,"SNDL":0.9,"APHA":0.9}},"isVote":1,"tweetType":1,"viewCount":3114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385265790,"gmtCreate":1613555862110,"gmtModify":1634553180403,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575359145069729","idStr":"3575359145069729"},"themes":[],"htmlText":"I wonder how crypto will impact our lives in the future.&nbsp;","listText":"I wonder how crypto will impact our lives in the future.&nbsp;","text":"I wonder how crypto will impact our lives in the future.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/385265790","repostId":"1167310121","repostType":4,"isVote":1,"tweetType":1,"viewCount":2478,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320338047,"gmtCreate":1615011914189,"gmtModify":1703484226696,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575359145069729","idStr":"3575359145069729"},"themes":[],"htmlText":"Seems like i’s not the end to Bitcoin.&nbsp;","listText":"Seems like i’s not the end to Bitcoin.&nbsp;","text":"Seems like i’s not the end to Bitcoin.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320338047","repostId":"1182430321","repostType":4,"isVote":1,"tweetType":1,"viewCount":2830,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364487371,"gmtCreate":1614870009893,"gmtModify":1703482310195,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575359145069729","idStr":"3575359145069729"},"themes":[],"htmlText":"Good article. Is it no strange we are so willing to pay double digit the earnings ratio.&nbsp;","listText":"Good article. Is it no strange we are so willing to pay double digit the earnings ratio.&nbsp;","text":"Good article. Is it no strange we are so willing to pay double digit the earnings ratio.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/364487371","repostId":"1156189136","repostType":4,"isVote":1,"tweetType":1,"viewCount":2134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368747020,"gmtCreate":1614355156260,"gmtModify":1703476903616,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575359145069729","idStr":"3575359145069729"},"themes":[],"htmlText":"Everything’s red!","listText":"Everything’s red!","text":"Everything’s red!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368747020","isVote":1,"tweetType":1,"viewCount":1128,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360077242,"gmtCreate":1613803183786,"gmtModify":1634552150595,"author":{"id":"3575359145069729","authorId":"3575359145069729","name":"Valerietanzx","avatar":"https://static.tigerbbs.com/9f2dca1a4de8763e172a19082fe548c7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575359145069729","idStr":"3575359145069729"},"themes":[],"htmlText":"If it weren’t good, there wouldn’t be restrictions for such large sums of investment.&nbsp;","listText":"If it weren’t good, there wouldn’t be restrictions for such large sums of investment.&nbsp;","text":"If it weren’t good, there wouldn’t be restrictions for such large sums of investment.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/360077242","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://www.laohu8.com/m/news/1161529893?lang=zh_CN&edition=full","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>加州圣地亚哥的财务顾问万斯·巴斯说，就像在拉斯维加斯一样，众议院通常会获胜。他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛GS(-0.91%)将其机器人咨询服务Marcus限制为至少有1000万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少1,000美元可投资的人都可以使用高盛一些最富有的客户使用的相同交易算法，每年只需支付0.35%的咨询费。但投资专家表示，在跳上机器人投资列车之前，需要考虑更多成本。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“就像在拉斯维加斯一样，众议院通常会获胜，”加利福尼亚州圣地亚哥的财务顾问万斯·巴斯(Vance Barse)说，他经营着一家名为Your Dedicated Fiduciary的公司。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>尽管35个基点的价格标签对高盛来说是一个“亏损领头羊”，但他表示，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“人们忘记了银行最终是为了赚钱，”他说。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括Vanguard、Fidelity和Schwab SCHW，+1.03%，以及Betterment和Wealthfront等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪商的费用会增加到1%及以上。行业出版物Inside Information对近1,000名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和Betterment提供的机器人顾问与Robinhood等机器人平台不同。前者建议投资组合专注于交易所交易基金，而Robinhood允许用户投资个人ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资作为自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度的新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是rob投资呢？把它想象成一辆自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入你的目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心你的司机把你引向错误的方向，你就不能轻易刹车。如果您赶时间并想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好以及期望的短期和长期回报等因素来设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，每年收取的咨询费通常不超过0.5%，而人力投资顾问收取的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅·洛(Cynthia Loh)不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务有更多的人工输入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在MarketWatch上所写：“关于自动化投资的一个常见误解是，选择机器人顾问本质上意味着将资金的控制权交给机器人。事实是，机器人解决方案结合了自动化和人工组件，在幕后运行事物。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验的投资者或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以对“一劳永逸”的投资方法感到放心，随着时间的推移，让市场做自己的事情”。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet的投资和退休专家蒂芙尼·拉姆-贝尔福(Tiffany Lam-Balfour)表示，这使得你更容易承受市场波动，因为你不一定必须做出购买或出售资产的冲动决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“当你投资时，你不会想一直关注市场并说‘哦，我需要摆脱困境’，”她说。“你想让专业人士来帮你度过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合。”</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会上涨。即使你有世界上最好的人类财务顾问，你也不能指望这一点。”</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对老年投资者有吸引力。“退休后的规划和支付费用很复杂。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更简化、更便宜的投资方式，而机器人投资正好符合这一要求。他们很乐意让技术来处理更困难、更耗时的日常活动。投资者自己做，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>常常无门可敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。大多数机器人投资平台上要求您填写的简单问卷将收集有关您的年收入、期望退休年龄以及您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>然而，它不会知道你是否刚刚有了一个孩子，并想开始为他们的教育存钱，或者你是否最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了那个人向谁寻求建议？该平台是否提供建议？如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化投资建议，提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，纽约市财务咨询集团Lifelaidout的注册财务规划师罗杰·马(Roger Ma)表示，机器人顾问不一定“在管理资金时首先考虑税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售已累计亏损的资产。《工作你的钱，而不是你的生活》一书的作者马说，传统顾问通常专注于构建能带来最节税结果的投资组合。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但通过机器人投资，为您进行的交易与为许多其他投资者进行的交易是相同的，这些投资者可能属于与您不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，特别是对于初学者来说，它可能会“使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“如果你只是想尝试一下，并且想感觉自己投资于多元化的投资组合，我不会说绝对不要聘请机器人顾问，”他说。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金选择单一基金进行投资，并根据投资目标随着时间的推移调整头寸。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人的建议和人类的建议。2015年，MarketWatch邀请四位著名的机器人顾问和四位传统的有血有肉的机器人顾问为一位假设的35岁投资者构建投资组合，投资金额为40,000美元。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>对于机器人顾问的批评者来说，结果或许令人惊讶。Pinnacle Advisory Group的研究总监Michael Kitces在审查结果后表示，机器人的建议与人类顾问的建议“没有太大不同”。</blockquote></p><p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is joining the robo-investing party — should you?<blockquote>高盛正在加入机器人投资行列——你应该加入吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Marketwatch</strong><span class=\"h-time small\">2021-02-19 19:24</span>\n</p>\n</h4>\n</header>\n<article>\n<p>  ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.  Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p><p><blockquote>加州圣地亚哥的财务顾问万斯·巴斯说，就像在拉斯维加斯一样，众议院通常会获胜。他经营着一家名为Your Dedicated Fiduciary的公司。机器人投资在几乎每个经纪平台上都变得越来越普遍。直到周二，高盛GS(-0.91%)将其机器人咨询服务Marcus限制为至少有1000万美元可投资的人。</blockquote></p><p> Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p><p><blockquote>现在，任何拥有至少1,000美元可投资的人都可以使用高盛一些最富有的客户使用的相同交易算法，每年只需支付0.35%的咨询费。但投资专家表示，在跳上机器人投资列车之前，需要考虑更多成本。</blockquote></p><p> “Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p><p><blockquote>“就像在拉斯维加斯一样，众议院通常会获胜，”加利福尼亚州圣地亚哥的财务顾问万斯·巴斯(Vance Barse)说，他经营着一家名为Your Dedicated Fiduciary的公司。</blockquote></p><p> Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p><p><blockquote>尽管35个基点的价格标签对高盛来说是一个“亏损领头羊”，但他表示，公司通常会提出这样的报价，以吸引客户向他们交叉销售银行产品。</blockquote></p><p> “People forget that banks are ultimately in the business of making money,” he said.</p><p><blockquote>“人们忘记了银行最终是为了赚钱，”他说。</blockquote></p><p> Goldman Sachs declined to comment.</p><p><blockquote>高盛拒绝置评。</blockquote></p><p> The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p><p><blockquote>该公司是其他提供数字顾问的主要金融服务公司之一，包括Vanguard、Fidelity和Schwab SCHW，+1.03%，以及Betterment和Wealthfront等初创公司。</blockquote></p><p> Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p><p><blockquote>机器人顾问的费用从0.25%左右开始，传统经纪商的费用会增加到1%及以上。行业出版物Inside Information对近1,000名理财规划师进行的一项调查发现，投资组合越大，客户支付的费用比例就越低。</blockquote></p><p> The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p><p><blockquote>对于100万美元或以下的投资组合，年费中位数徘徊在1%左右，对于价值500万至1000万美元的投资组合，年费中位数徘徊在0.5%左右。</blockquote></p><p> Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p><p><blockquote>高盛和Betterment提供的机器人顾问与Robinhood等机器人平台不同。前者建议投资组合专注于交易所交易基金，而Robinhood允许用户投资个人ETF、股票、期权甚至加密货币。</blockquote></p><p> <b>Robo investing as a self-driving car</b></p><p><blockquote><b>机器人投资作为自动驾驶汽车</b></blockquote></p><p> Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p><p><blockquote>在疫情期间，消费者以前所未有的水平转向机器人投资。</blockquote></p><p> The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p><p><blockquote>根据研究和咨询公司艾特集团5月份发布的一份报告，与去年第四季度相比，2020年第一季度的新开户率跃升了50%至300%。</blockquote></p><p> So what is rob-investing? Think of it like a self-driving car.</p><p><blockquote>那么什么是rob投资呢？把它想象成一辆自动驾驶汽车。</blockquote></p><p> You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p><p><blockquote>你输入你的目的地，在后座系好安全带，你的司机（机器人顾问）就会到达那里。作为乘客，如果你担心你的司机把你引向错误的方向，你就不能轻易刹车。如果您赶时间并想更快地到达目的地，也不能踩油门。</blockquote></p><p> Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p><p><blockquote>机器人投资平台使用先进的交易算法软件，根据个人的风险偏好以及期望的短期和长期回报等因素来设计投资组合。</blockquote></p><p> There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p><p><blockquote>有200多个平台提供这些服务，每年收取的咨询费通常不超过0.5%，而人力投资顾问收取的年费为1%。</blockquote></p><p> And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p><p><blockquote>机器人顾问处理资产的买卖，而不是完全自己投资，这可能成为第二份工作并导致情绪化的投资决策。</blockquote></p><p> Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p><p><blockquote>嘉信理财数字咨询和创新副总裁辛西娅·洛(Cynthia Loh)不同意这种观点，她认为机器人投资并不意味着让技术控制你的资金。她说，嘉信理财拥有一支投资专家团队，负责监督投资策略并在市场波动期间进行监控，尽管有些服务比其他服务有更多的人工输入。</blockquote></p><p> As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p><p><blockquote>正如她最近在MarketWatch上所写：“关于自动化投资的一个常见误解是，选择机器人顾问本质上意味着将资金的控制权交给机器人。事实是，机器人解决方案结合了自动化和人工组件，在幕后运行事物。”</blockquote></p><p> <b>Robos appeal to inexperienced investors</b></p><p><blockquote><b>机器人吸引缺乏经验的投资者</b></blockquote></p><p> Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p><p><blockquote>机器人投资往往吸引缺乏经验的投资者或没有时间或精力管理自己投资组合的投资者。巴尔斯说，这些投资者可以对“一劳永逸”的投资方法感到放心，随着时间的推移，让市场做自己的事情”。</blockquote></p><p> That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p><p><blockquote>NerdWallet的投资和退休专家蒂芙尼·拉姆-贝尔福(Tiffany Lam-Balfour)表示，这使得你更容易承受市场波动，因为你不一定必须做出购买或出售资产的冲动决定。</blockquote></p><p> “When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p><p><blockquote>“当你投资时，你不会想一直关注市场并说‘哦，我需要摆脱困境’，”她说。“你想让专业人士来帮你度过难关，因为他们知道你的时间范围，他们会自动为你调整你的投资组合。”</blockquote></p><p></p><p> That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p><p><blockquote>也就是说，“你不能指望你的投资只会上涨。即使你有世界上最好的人类财务顾问，你也不能指望这一点。”</blockquote></p><p> Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p><p><blockquote>其他人不同意，并表示机器人顾问对老年投资者有吸引力。“退休后的规划和支付费用很复杂。有很多选择可以帮助投资者度过难关，机器人投资就是其中之一，”Loh说。</blockquote></p><p> “Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p><p><blockquote>“许多深思熟虑的长期投资者发现，他们想要一种更现代、更简化、更便宜的投资方式，而机器人投资正好符合这一要求。他们很乐意让技术来处理更困难、更耗时的日常活动。投资者自己做，”她补充道。</blockquote></p><p> <b>There is often no door to knock on</b></p><p><blockquote><b>常常无门可敲</b></blockquote></p><p> Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p><p><blockquote>你的机器人顾问只知道你告诉它什么。大多数机器人投资平台上要求您填写的简单问卷将收集有关您的年收入、期望退休年龄以及您愿意承担的风险水平的信息。</blockquote></p><p> It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p><p><blockquote>然而，它不会知道你是否刚刚有了一个孩子，并想开始为他们的教育存钱，或者你是否最近失业了。</blockquote></p><p> “The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p><p><blockquote>“那么问题就变成了那个人向谁寻求建议？该平台是否提供建议？如果提供，复杂程度如何？”巴斯说。</blockquote></p><p> Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p><p><blockquote>并非所有平台都提供个性化投资建议，提供人工建议的混合模式往往会收取更高的年费。</blockquote></p><p> Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p><p><blockquote>此外，纽约市财务咨询集团Lifelaidout的注册财务规划师罗杰·马(Roger Ma)表示，机器人顾问不一定“在管理资金时首先考虑税收效率”。</blockquote></p><p> For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p><p><blockquote>例如，投资者抵消长期投资税款的一种常见方式是出售已累计亏损的资产。《工作你的钱，而不是你的生活》一书的作者马说，传统顾问通常专注于构建能带来最节税结果的投资组合。</blockquote></p><p> But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p><p><blockquote>但通过机器人投资，为您进行的交易与为许多其他投资者进行的交易是相同的，这些投资者可能属于与您不同的税级。</blockquote></p><p> On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p><p><blockquote>最重要的是，虽然机器人投资可能感觉像是一种简单的投资方式，特别是对于初学者来说，它可能会“使投资过于复杂”，马云说。</blockquote></p><p> “If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p><p><blockquote>“如果你只是想尝试一下，并且想感觉自己投资于多元化的投资组合，我不会说绝对不要聘请机器人顾问，”他说。</blockquote></p><p> Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p><p><blockquote>他补充说，不要排除通过目标日期基金进行投资，该基金选择单一基金进行投资，并根据投资目标随着时间的推移调整头寸。</blockquote></p><p> But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p><p><blockquote>但并不是每个人都能区分机器人的建议和人类的建议。2015年，MarketWatch邀请四位著名的机器人顾问和四位传统的有血有肉的机器人顾问为一位假设的35岁投资者构建投资组合，投资金额为40,000美元。</blockquote></p><p> The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p><p><blockquote>对于机器人顾问的批评者来说，结果或许令人惊讶。Pinnacle Advisory Group的研究总监Michael Kitces在审查结果后表示，机器人的建议与人类顾问的建议“没有太大不同”。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Marketwatch</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2803,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}