{"id":30820,"date":"2023-12-07T09:55:28","date_gmt":"2023-12-07T09:55:28","guid":{"rendered":"https:\/\/masterskills.org\/blog\/dich-chuyen-dau-tu-theo-thanh-khoan-flight-to-liquidity-la-gi-he-qua.html"},"modified":"2023-12-23T07:23:14","modified_gmt":"2023-12-23T00:23:14","slug":"dich-chuyen-dau-tu-theo-thanh-khoan-flight-to-liquidity-la-gi-he-qua","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/dich-chuyen-dau-tu-theo-thanh-khoan-flight-to-liquidity-la-gi-he-qua.html","title":{"rendered":"D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo thanh kho\u1ea3n (Flight To Liquidity) l\u00e0 g\u00ec? H\u1ec7 qu\u1ea3"},"content":{"rendered":"
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Scmp.com<\/i><\/p>\n<\/div>\n<\/div>\n

D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo thanh kho\u1ea3n<\/font><\/h2>\n

Kha\u0301i ni\u00ea\u0323m<\/b><\/p>\n

D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo\u00a0thanh kho\u1ea3n <\/b>ho\u1eb7c ch\u1ea1y v\u00e0o t\u00e0i s\u1ea3n c\u00f3 thanh kho\u1ea3n cao<\/b>\u00a0trong ti\u00ea\u0301ng Anh la\u0300 Flight To Liquidity<\/b>.<\/p>\n

D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo\u00a0thanh kho\u1ea3n<\/b> l\u00e0 thu\u1eadt ng\u1eef ch\u1ec9 h\u00e0nh \u0111\u1ed9ng c\u1ed1 g\u1eafng thanh l\u00ed c\u00e1c v\u1ecb th\u1ebf c\u1ee7a c\u00e1c ch\u1ee9ng kho\u00e1n b\u1ecb \u0111\u1ed9ng ho\u1eb7c c\u00f3 thanh kho\u1ea3n k\u00e9m v\u00e0 mua c\u00e1c v\u1ecb th\u1ebf c\u1ee7a t\u00e0i s\u1ea3n thanh kho\u1ea3n cao h\u01a1n c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0.\u00a0<\/p>\n

D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo thanh kho\u1ea3n th\u01b0\u1eddng di\u1ec5n ra trong th\u1eddi k\u00ec n\u1ec1n kinh t\u1ebf ho\u1eb7c th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n b\u1ea5t \u1ed5n v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 lo ng\u1ea1i r\u1eb1ng th\u1ecb tr\u01b0\u1eddng c\u00f3 th\u1ec3 s\u1ee5t gi\u1ea3m b\u1ea5t c\u1ee9 l\u00fac n\u00e0o.\u00a0<\/p>\n

L\u00fac n\u00e0y h\u1ecd t\u00ecm ki\u1ebfm c\u00e1c v\u1ecb th\u1ebf ch\u1ee9ng kho\u00e1n c\u00f3 thanh kho\u1ea3n cao h\u01a1n \u0111\u1ec3 t\u0103ng kh\u1ea3 n\u0103ng b\u00e1n v\u1ecb th\u1ebf c\u1ee7a h\u1ecd trong th\u1eddi gian ng\u1eafn. S\u1ef1 chuy\u1ec3n d\u1ecbch t\u00e0i s\u1ea3n n\u00e0y \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 d\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo thanh kho\u1ea3n.\u00a0<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m\u00a0D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo thanh kho\u1ea3n<\/font><\/h3>\n

Khi d\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo\u00a0thanh kho\u1ea3n<\/b> x\u1ea3y ra, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 xem c\u00e1c t\u00e0i s\u1ea3n k\u00e9m thanh kho\u1ea3n l\u00e0 b\u1ea5t \u1ed5n v\u00e0 c\u00f3 r\u1ee7i ro cao h\u01a1n, do \u0111\u00f3 l\u00e0m gi\u1ea3m gi\u00e1 tr\u1ecb l\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng c\u1ee7a c\u00e1c t\u00e0i s\u1ea3n n\u00e0y.\u00a0<\/p>\n

L\u01b0\u1ee3ng c\u1ea7u gi\u1ea3m \u0111\u1ea9y gi\u00e1 t\u00e0i s\u1ea3n k\u00e9m thanh kho\u1ea3n xu\u1ed1ng th\u1ea5p h\u01a1n, t\u1ea1o ra ph\u1ea3n \u1ee9ng l\u1eb7p khi\u1ebfn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang t\u00ecm c\u00e1ch tho\u00e1i kh\u1ecfi m\u1ed9t v\u1ecb th\u1ebf hay m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 do k\u00e9m thanh kho\u1ea3n c\u00e0ng tr\u1edf n\u00ean bi quan h\u01a1n khi th\u1ea5y h\u1ecd \u0111ang n\u1eafm gi\u1eef m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 ng\u00e0y c\u00e0ng k\u00e9m thanh kho\u1ea3n. \u00a0\u00a0<\/p>\n

D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo thanh kho\u1ea3n kh\u00f4ng hi\u1ebfm v\u00e0 c\u00f3 th\u1ec3 x\u1ea3y ra h\u00e0ng ng\u00e0y v\u1edbi qui m\u00f4 nh\u1ecf.\u00a0 <\/p>\n

H\u1ec7 qu\u1ea3 c\u1ee7a\u00a0D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo thanh kho\u1ea3n<\/font><\/h3>\n

T\u1ed5ng quan, d\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo\u00a0thanh kho\u1ea3n<\/b> l\u00e0 k\u1ebft qu\u1ea3 t\u1eeb m\u1ed9t s\u1ed1 s\u1ef1 ki\u1ec7n hay th\u00f4ng tin b\u1ea5t ng\u1edd tr\u00ean th\u1ecb tr\u01b0\u1eddng hay trong n\u1ec1n kinh t\u1ebf.\u00a0<\/p>\n

Ph\u1ea3n \u1ee9ng ph\u00f2ng th\u1ee7 c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1edbi s\u1ef1 ki\u1ec7n n\u00e0y th\u1ec3 hi\u1ec7n qua h\u00e0nh \u0111\u1ed9ng thanh l\u00ed c\u00e1c t\u00e0i s\u1ea3n v\u00e0 t\u00edch tr\u1eef ti\u1ec1n m\u1eb7t ho\u1eb7c c\u00e1c kho\u1ea3n t\u01b0\u01a1ng \u0111\u01b0\u01a1ng ti\u1ec1n.\u00a0<\/p>\n

Nh\u1eefng h\u00e0nh vi nh\u01b0 v\u1eady n\u1ebfu c\u00f3 qui m\u00f4 \u0111\u1ee7 l\u1edbn s\u1ebd khi\u1ebfn n\u1ec1n kinh t\u1ebf tr\u1edf n\u00ean kh\u00f3 kh\u0103n h\u01a1n.<\/p>\n

V\u1edbi qu\u00e1 nhi\u1ec1u ng\u01b0\u1eddi b\u00e1n v\u00e0 kh\u00f4ng \u0111\u1ee7 ng\u01b0\u1eddi mua l\u00e0m gi\u1ea3m gi\u00e1 t\u00e0i s\u1ea3n, d\u1eabn \u0111\u1ebfn c\u00e1c t\u00e1c \u0111\u1ed9ng ti\u00eau c\u1ef1c \u0111\u1ebfn n\u1ec1n kinh t\u1ebf v\u00e0 t\u00e2m l\u00ed th\u1ecb tr\u01b0\u1eddng. Chi ti\u00eau c\u1ee7a ng\u01b0\u1eddi ti\u00eau d\u00f9ng v\u00e0 nh\u00e0 s\u1ea3n xu\u1ea5t gi\u1ea3m, l\u00e0m tr\u00ec tr\u1ec7 n\u1ec1n kinh t\u1ebf v\u00e0 ti\u1ebfp t\u1ee5c t\u0103ng th\u00eam s\u1ef1 bi quan trong n\u1ec1n kinh t\u1ebf.\u00a0 <\/p>\n

Trong k\u1ecbch b\u1ea3n n\u00e0y, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u1eadn th\u1ea5y s\u1ebd c\u00f3 m\u1ed9t s\u1ef1 gi\u1ea3m gi\u00e1 t\u1ed5ng th\u1ec3 k\u1ecbch li\u1ec7t, v\u00ec v\u1eady h\u1ecd c\u1ed1 g\u1eafng b\u00e1n t\u00e0i s\u1ea3n \u0111\u1ed3ng th\u1eddi n\u1eafm gi\u1eef nhi\u1ec1u ti\u1ec1n m\u1eb7t nh\u1ea5t c\u00f3 th\u1ec3 v\u00e0 k\u00ec v\u1ecdng gi\u00e1 t\u00e0i s\u1ea3n th\u1ea5p h\u01a1n trong t\u01b0\u01a1ng lai g\u1ea7n.\u00a0<\/p>\n

C\u00e1c nh\u00e0 ph\u00e1t tri\u1ec3n v\u00e0 l\u00e3nh \u0111\u1ea1o doanh nghi\u1ec7p th\u01b0\u1eddng s\u1ebd tr\u00ec ho\u00e3n c\u00e1c d\u1ef1 \u00e1n \u0111\u1ea7u t\u01b0 m\u1edbi cho \u0111\u1ebfn khi “c\u01a1n gi\u00f4ng t\u1ed1” n\u00e0y \u0111i qua. \u00a0\u00a0<\/p>\n

D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo thanh kho\u1ea3n trong ch\u1ee9ng kho\u00e1n\u00a0<\/font><\/h3>\n

Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n l\u00e0 m\u1ed9t v\u00ed d\u1ee5 v\u1ec1 th\u1ecb tr\u01b0\u1eddng thanh kho\u1ea3n<\/b> v\u00ec n\u00f3 c\u00f3 m\u1ed9t l\u01b0\u1ee3ng l\u1edbn ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n.\u00a0<\/p>\n

Do c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng \u0111\u01b0\u1ee3c giao d\u1ecbch th\u00f4ng qua c\u00e1c k\u00eanh k\u0129 thu\u1eadt s\u1ed1 tr\u00ean c\u01a1 s\u1edf cung c\u1ea7u v\u00e0 c\u00f3 gi\u00e1 th\u1ecb tr\u01b0\u1eddng \u0111\u1ea7y \u0111\u1ee7, c\u00e1c ch\u1ee9ng kho\u00e1n h\u1ee3p l\u00ed \u0111\u01b0\u1ee3c coi l\u00e0 t\u00e0i s\u1ea3n thanh kho\u1ea3n n\u1ebfu th\u1ecfa m\u00e3n c\u00e1c \u0111i\u1ec1u ki\u1ec7n ph\u00f9 h\u1ee3p.\u00a0<\/p>\n

Kh\u1ed1i l\u01b0\u1ee3ng giao d\u1ecbch cao cho ph\u00e9p m\u1ed9t s\u1ed1 ch\u1ee9ng kho\u00e1n h\u1ee3p l\u00ed c\u00f3 th\u1ec3 nhanh ch\u00f3ng \u0111\u01b0\u1ee3c chuy\u1ec3n \u0111\u1ed5i th\u00e0nh ti\u1ec1n m\u1eb7t. \u0110i\u1ec1u n\u00e0y \u0111\u1eb7c bi\u1ec7t \u0111\u00fang v\u1edbi tr\u01b0\u1eddng h\u1ee3p c\u00e1c c\u1ed5 phi\u1ebfu c\u00f3 v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng cao v\u00e0 kh\u1ed1i l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu l\u1edbn.\u00a0<\/p>\n

\u0110\u00e2y l\u00e0 nh\u1eefng l\u00ed do l\u00e0m cho c\u1ed5 phi\u1ebfu tr\u1edf th\u00e0nh m\u1ed9t m\u1ee5c ti\u00eau h\u1ea5p d\u1eabn khi d\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo\u00a0thanh kho\u1ea3n<\/b>.\u00a0<\/p>\n

Tuy nhi\u00ean, c\u1ea7n l\u01b0u \u00fd r\u1eb1ng m\u1ed9t s\u1ed1 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 coi c\u1ed5 phi\u1ebfu qu\u00e1 r\u1ee7i ro khi ch\u1ecdn l\u1ecdc \u0111\u1ed1i t\u00e1c thanh kho\u1ea3n do ch\u00fang mang nhi\u1ec1u r\u1ee7i ro ng\u1eafn h\u1ea1n h\u01a1n nhi\u1ec1u kho\u1ea3n \u0111\u1ea7u t\u01b0 thanh kho\u1ea3n kh\u00e1c.\u00a0 \u00a0\u00a0<\/p>\n

C\u00e1c kho\u1ea3n t\u01b0\u01a1ng \u0111\u01b0\u01a1ng ti\u1ec1n l\u00e0 c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 kh\u00e1c m\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u00ecm ki\u1ebfm khi ch\u1ecdn l\u1ecdc \u0111\u1ed1i t\u00e1c thanh kho\u1ea3n do t\u00ednh ch\u1ea5t c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng chuy\u1ec3n \u0111\u1ed5i th\u00e0nh ti\u1ec1n m\u1eb7t.\u00a0<\/p>\n

C\u00e1c kho\u1ea3n t\u01b0\u01a1ng \u0111\u01b0\u01a1ng ti\u1ec1n<\/b> bao g\u1ed3m t\u00e0i kho\u1ea3n ng\u00e2n h\u00e0ng, ch\u1ee9ng kho\u00e1n c\u00f3 th\u1ec3 b\u00e1n, tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p, t\u00edn phi\u1ebfu kho b\u1ea1c v\u00e0 tr\u00e1i phi\u1ebfu ch\u00ednh ph\u1ee7 ng\u1eafn h\u1ea1n c\u00f3 th\u1eddi gian \u0111\u00e1o h\u1ea1n t\u1eeb ba th\u00e1ng tr\u1edf xu\u1ed1ng.\u00a0<\/p>\n

C\u00e1c t\u00e0i s\u1ea3n n\u00e0y c\u00f3 thanh kho\u1ea3n cao h\u01a1n v\u00e0 gi\u00e1 tr\u1ecb c\u1ee7a ch\u00fang kh\u00f4ng ch\u1ecbu nhi\u1ec1u bi\u1ebfn \u0111\u1ed9ng.\u00a0 \u00a0<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n D\u1ecbch chuy\u1ec3n \u0111\u1ea7u t\u01b0 theo thanh kho\u1ea3n (ti\u1ebfng Anh: Flight To Liquidity) ch\u1ec9 h\u00e0nh \u0111\u1ed9ng c\u1ed1 g\u1eafng thanh l\u00ed c\u00e1c v\u1ecb th\u1ebf c\u1ee7a c\u00e1c ch\u1ee9ng kho\u00e1n b\u1ecb \u0111\u1ed9ng ho\u1eb7c c\u00f3 thanh kho\u1ea3n k\u00e9m v\u00e0 mua c\u00e1c v\u1ecb th\u1ebf c\u1ee7a t\u00e0i s\u1ea3n thanh kho\u1ea3n cao h\u01a1n.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30820"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30820"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30820\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}