{"id":30825,"date":"2023-12-07T09:55:50","date_gmt":"2023-12-07T09:55:50","guid":{"rendered":"https:\/\/masterskills.org\/blog\/rui-ro-tai-dau-tu-reinvestment-risk-la-gi.html"},"modified":"2023-12-23T07:23:14","modified_gmt":"2023-12-23T00:23:14","slug":"rui-ro-tai-dau-tu-reinvestment-risk-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/rui-ro-tai-dau-tu-reinvestment-risk-la-gi.html","title":{"rendered":"R\u1ee7i ro t\u00e1i \u0111\u1ea7u t\u01b0 (Reinvestment Risk) l\u00e0 g\u00ec?"},"content":{"rendered":"<div class=\"vnbcbc-body vceditor-content wi-active\" data-role=\"content\">\n<div class=\"VCSortableInPreviewMode\" type=\"Photo\" style=\"\">\n<div><\/div>\n<div class=\"PhotoCMS_Caption\">\n<p>H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: Capital.com<\/p>\n<\/div>\n<\/div>\n<h2><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">R\u1ee7i ro t\u00e1i \u0111\u1ea7u t\u01b0 (Reinvestment Risk)<\/font><\/h2>\n<p><b>\u0110\u1ecbnh ngh\u0129a<\/b><\/p>\n<p><b>R\u1ee7i ro t\u00e1i \u0111\u1ea7u t\u01b0<\/b> trong ti\u1ebfng Anh l\u00e0 <b>Reinvestment Risk<\/b>.<\/p>\n<p style=\"display:none;\">\n<p><i>R\u1ee7i ro t\u00e1i \u0111\u1ea7u t\u01b0<\/i> \u0111\u1ec1 c\u1eadp \u0111\u1ebfn kh\u1ea3 n\u0103ng m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd kh\u00f4ng th\u1ec3 t\u00e1i \u0111\u1ea7u t\u01b0 d\u00f2ng ti\u1ec1n (v\u00ed d\u1ee5 c\u00e1c kho\u1ea3n thanh to\u00e1n ti\u1ec1n l\u00e3i) v\u1edbi <span>t\u1ec9<\/span> l\u1ec7 t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi <span>t\u1ec9<\/span> l\u1ec7 ho\u00e0n v\u1ed1n hi\u1ec7n t\u1ea1i c\u1ee7a h\u1ecd.<\/p>\n<p><i>Tr\u00e1i phi\u1ebfu Zero Coupon<\/i>\u00a0l\u00e0 ch\u1ee9ng kho\u00e1n c\u00f3 thu nh\u1eadp c\u1ed1 \u0111\u1ecbnh kh\u00f4ng c\u00f3 r\u1ee7i ro \u0111\u1ea7u t\u01b0 v\u00ec ch\u00fang kh\u00f4ng thanh to\u00e1n ti\u1ec1n l\u00e3i \u0111\u1ecbnh k\u00ec.<\/p>\n<h3><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">V\u00ed d\u1ee5<\/font><\/h3>\n<p>R\u1ee7i ro t\u00e1i \u0111\u1ea7u t\u01b0 l\u00e0 kh\u1ea3 n\u0103ng d\u00f2ng ti\u1ec1n c\u1ee7a m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c \u00edt h\u01a1n khi \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t ch\u1ee9ng kho\u00e1n m\u1edbi. V\u00ed d\u1ee5, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 mua tr\u00e1i phi\u1ebfu kho b\u1ea1c m\u1ec7nh gi\u00e1 100.000 \u0111\u00f4 la trong 10 n\u0103m v\u1edbi l\u00e3i su\u1ea5t 6%. Nh\u00e0 \u0111\u1ea7u t\u01b0 d\u1ef1 ki\u1ebfn s\u1ebd ki\u1ebfm \u0111\u01b0\u1ee3c 6.000 \u0111\u00f4 la m\u1ed7i n\u0103m t\u1eeb tr\u00e1i phi\u1ebfu n\u00e0y.<\/p>\n<p>Tuy nhi\u00ean, v\u00e0o cu\u1ed1i k\u00ec l\u00e3i su\u1ea5t l\u00e0 4%. N\u1ebfu nh\u00e0 \u0111\u1ea7u t\u01b0 mua m\u1ed9t tr\u00e1i phi\u1ebfu kho b\u1ea1c 100.000 \u0111\u00f4 la kh\u00e1c, h\u1ecd s\u1ebd ki\u1ebfm \u0111\u01b0\u1ee3c 4.000 \u0111\u00f4 la m\u1ed7i n\u0103m thay v\u00ec 6.000 \u0111\u00f4 la nh\u01b0 tr\u01b0\u1edbc. Ngo\u00e0i ra, n\u1ebfu l\u00e3i su\u1ea5t sau \u0111\u00f3 t\u0103ng v\u00e0 h\u1ecd b\u00e1n \u0111i tr\u01b0\u1edbc ng\u00e0y \u0111\u00e1o h\u1ea1n, h\u1ecd s\u1ebd m\u1ea5t m\u1ed9t ph\u1ea7n ti\u1ec1n g\u1ed1c.<\/p>\n<h3><font style=\"line-height: 22px; font-size: 22px;\" color=\"#3d85c6\">R\u1ee7i ro t\u00e1i \u0111\u1ea7u t\u01b0 v\u00e0 c\u00e1c t\u00e0i s\u1ea3n t\u00e0i ch\u00ednh<\/font><\/h3>\n<p>&#8211; <i>Tr\u00e1i phi\u1ebfu <\/i><i>c\u00f3 th\u1ec3 thu h\u1ed3i<\/i> l\u00e0 c\u00f4ng c\u1ee5 c\u00f3\u00a0r\u1ee7i ro t\u00e1i \u0111\u1ea7u t\u01b0 l\u1edbn.<\/p>\n<p>\u0110i\u1ec1u n\u00e0y xu\u1ea5t ph\u00e1t t\u1eeb vi\u1ec7c tr\u00e1i phi\u1ebfu <span>c\u00f3 th\u1ec3 thu h\u1ed3i<\/span> th\u01b0\u1eddng \u0111\u01b0\u1ee3c mua l\u1ea1i khi l\u00e3i su\u1ea5t b\u1eaft \u0111\u1ea7u gi\u1ea3m. Sau khi mua l\u1ea1i tr\u00e1i phi\u1ebfu, nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c m\u1ec7nh gi\u00e1 tr\u00e1i phi\u1ebfu v\u00e0 nh\u00e0 ph\u00e1t h\u00e0nh c\u00f3 c\u01a1 h\u1ed9i m\u1edbi \u0111\u1ec3 huy \u0111\u1ed9ng n\u1ee3 v\u1edbi l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n. N\u1ebfu nh\u00e0 \u0111\u1ea7u t\u01b0 ti\u1ebfp t\u1ee5c t\u00e1i \u0111\u1ea7u t\u01b0, h\u1ecd s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n.<\/p>\n<p>V\u00ed d\u1ee5 c\u00f4ng ty A ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu <span>c\u00f3 th\u1ec3 thu h\u1ed3i<\/span> v\u1edbi l\u00e3i su\u1ea5t 8%. L\u00e3i su\u1ea5t sau \u0111\u00f3 gi\u1ea3m xu\u1ed1ng 4%, t\u1ea1o cho c\u00f4ng ty c\u01a1 h\u1ed9i huy \u0111\u1ed9ng n\u1ee3 vay v\u1edbi l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n nhi\u1ec1u.<\/p>\n<p>Do \u0111\u00f3, c\u00f4ng ty ti\u1ebfn h\u00e0nh thu h\u1ed3i\/mua l\u1ea1i tr\u00e1i phi\u1ebfu, tr\u1ea3 cho m\u1ed7i nh\u00e0 \u0111\u1ea7u t\u01b0 v\u1ed1n g\u1ed1c v\u00e0 m\u1ed9t kho\u1ea3n ph\u00ed v\u00e0 ph\u00e1t h\u00e0nh tr\u00e1i phi\u1ebfu c\u00f3 th\u1ec3 thu h\u1ed3i m\u1edbi v\u1edbi l\u00e3i su\u1ea5t 4%. Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 t\u00e1i \u0111\u1ea7u t\u01b0 v\u00e0o tr\u00e1i phi\u1ebfu m\u1edbi v\u1edbi l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n ho\u1eb7c t\u00ecm ki\u1ebfm c\u00e1c c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 kh\u00e1c v\u1edbi l\u00e3i su\u1ea5t cao h\u01a1n.<\/p>\n<p>&#8211; Nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 gi\u1ea3m r\u1ee7i ro t\u00e1i \u0111\u1ea7u t\u01b0 b\u1eb1ng c\u00e1ch \u0111\u1ea7u t\u01b0 v\u00e0o ch\u1ee9ng kho\u00e1n kh\u00f4ng th\u1ec3 <span>thu h\u1ed3i, t<\/span>r\u00e1i phi\u1ebfu Zero Coupon Bonds ho\u1eb7c \u0111\u1ea7u t\u01b0 v\u00e0o ch\u1ee9ng kho\u00e1n d\u00e0i h\u1ea1n.<\/p>\n<p><i>(T\u00e0i li\u1ec7u tham kh\u1ea3o:\u00a0Reinvestment Risk, Investopedia)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"vnbcbc-sapo\" data-role=\"sapo\">\n                            R\u1ee7i ro t\u00e1i \u0111\u1ea7u t\u01b0 (ti\u1ebfng Anh: Reinvestment Risk) \u0111\u1ec1 c\u1eadp \u0111\u1ebfn kh\u1ea3 n\u0103ng m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd kh\u00f4ng th\u1ec3 t\u00e1i \u0111\u1ea7u t\u01b0 d\u00f2ng ti\u1ec1n v\u1edbi t\u1ec9 l\u1ec7 t\u01b0\u01a1ng \u0111\u01b0\u01a1ng v\u1edbi t\u1ec9 l\u1ec7 ho\u00e0n v\u1ed1n hi\u1ec7n t\u1ea1i c\u1ee7a h\u1ecd.\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\/30825"}],"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=30825"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30825\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30825"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30825"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30825"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}