{"id":30996,"date":"2023-12-07T10:14:03","date_gmt":"2023-12-07T10:14:03","guid":{"rendered":"https:\/\/masterskills.org\/blog\/tai-san-phi-rui-ro-risk-free-asset-la-gi-ban-chat-va-dac-trung-cua-tai-san-phi-rui-ro.html"},"modified":"2023-12-23T07:24:23","modified_gmt":"2023-12-23T00:24:23","slug":"tai-san-phi-rui-ro-risk-free-asset-la-gi-ban-chat-va-dac-trung-cua-tai-san-phi-rui-ro","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/tai-san-phi-rui-ro-risk-free-asset-la-gi-ban-chat-va-dac-trung-cua-tai-san-phi-rui-ro.html","title":{"rendered":"T\u00e0i s\u1ea3n phi r\u1ee7i ro (Risk-free asset) l\u00e0 g\u00ec? B\u1ea3n ch\u1ea5t v\u00e0 \u0111\u1eb7c tr\u01b0ng c\u1ee7a t\u00e0i s\u1ea3n phi r\u1ee7i ro"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda<\/p>\n<\/div>\n<\/div>\n

T\u00e0i s\u1ea3n phi r\u1ee7i ro (Risk-free asset)<\/font><\/h2>\n

\u0110\u1ecbnh ngh\u0129a<\/b><\/p>\n

T\u00e0i s\u1ea3n phi r\u1ee7i ro<\/b> trong ti\u1ebfng Anh l\u00e0 Risk-free asset<\/b>. T\u00e0i s\u1ea3n phi r\u1ee7i ro<\/i> \u0111\u01b0\u1ee3c hi\u1ec3u l\u00e0 nh\u1eefng t\u00e0i s\u1ea3n mang l\u1ea1i t\u1ec9 su\u1ea5t l\u1ee3i t\u1ee9c ch\u1eafc ch\u1eafn b\u1eb1ng l\u00e3i su\u1ea5t phi r\u1ee7i ro.<\/p>\n

Thu\u1eadt ng\u1eef li\u00ean quan<\/font><\/h3>\n

– Ch\u1ee9ng ch\u1ec9 ti\u1ec1n g\u1eedi\u00a0(Certificate of deposit, vi\u1ebft t\u1eaft CDs hay CD) l\u00e0 m\u1ed9t lo\u1ea1i gi\u1ea5y t\u1edd c\u00f3 gi\u00e1 do\u00a0ng\u00e2n h\u00e0ng\u00a0ph\u00e1t h\u00e0nh \u0111\u1ec3 huy \u0111\u1ed9ng v\u1ed1n t\u1eeb c\u00e1c t\u1ed5 ch\u1ee9c v\u00e0 c\u00e1 nh\u00e2n kh\u00e1c.<\/p>\n

– Th\u01b0\u01a1ng phi\u1ebfu\u00a0(commercial paper)\u00a0l\u00e0 nh\u1eefng gi\u1ea5y nh\u1eadn n\u1ee3 do c\u00e1c c\u00f4ng ty c\u00f3 uy t\u00edn ph\u00e1t h\u00e0nh \u0111\u1ec3 vay v\u1ed1n ng\u1eafn h\u1ea1n\u00a0t\u1eeb th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh.<\/p>\n

B\u1ea3n ch\u1ea5t v\u00e0 \u0111\u1eb7c tr\u01b0ng c\u1ee7a t\u00e0i s\u1ea3n phi r\u1ee7i ro<\/font><\/h3>\n

– Tr\u00ean th\u1ef1c t\u1ebf kh\u00f4ng c\u00f3 t\u00e0i s\u1ea3n n\u00e0o ho\u00e0n to\u00e0n kh\u00f4ng c\u00f3 r\u1ee7i ro, tuy nhi\u00ean c\u00e1c nh\u00e0 nghi\u00ean c\u1ee9u th\u01b0\u1eddng l\u1ea5y t\u00edn phi\u1ebfu kho b\u1ea1c l\u00e0m c\u01a1 s\u1edf cho t\u00e0i s\u1ea3n phi r\u1ee7i ro tr\u00ean th\u1ecb tr\u01b0\u1eddng. B\u1ea3n ch\u1ea5t ng\u1eafn h\u1ea1n c\u1ee7a c\u00e1c t\u00edn phi\u1ebfu l\u00e0m cho gi\u00e1 tr\u1ecb c\u1ee7a ch\u00fang kh\u00f4ng nh\u1ea1y c\u1ea3m v\u1edbi nh\u1eefng bi\u1ebfn \u0111\u1ed9ng l\u00e3i su\u1ea5t.<\/p>\n

– Khi \u0111\u00f3, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 ch\u1ed1t l\u1ee3i t\u1ee9c danh ngh\u0129a ng\u1eafn h\u1ea1n b\u1eb1ng c\u00e1ch mua m\u1ed9t t\u00edn phi\u1ebfu v\u00e0 n\u1eafm gi\u1eef t\u00edn phi\u1ebfu \u0111\u00f3 \u0111\u1ebfn khi \u0111\u00e1o h\u1ea1n. Ngo\u00e0i ra nh\u1eefng bi\u1ebfn \u0111\u1ed9ng v\u1ec1 l\u1ea1m ph\u00e1t trong th\u1eddi gian v\u00e0i tu\u1ea7n, th\u1eadm ch\u00ed v\u00e0i th\u00e1ng, kh\u00f4ng \u0111\u00e1ng k\u1ec3 so v\u1edbi s\u1ef1 thay \u0111\u1ed5i v\u1ec1 l\u1ee3i t\u1ee9c c\u1ee7a c\u1ed5 phi\u1ebfu.<\/p>\n

– M\u1ed9t s\u1ed1 nh\u00e0 \u0111\u1ea7u t\u01b0 th\u01b0\u1eddng s\u1eed d\u1ee5ng c\u00e1c c\u00f4ng c\u1ee5 tr\u00ean th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 l\u00e0m t\u00e0i s\u1ea3n phi r\u1ee7i ro ro. \u0110\u00e2y l\u00e0 nh\u1eefng c\u00f4ng c\u1ee5 ng\u1eafn h\u1ea1n, do \u0111\u00f3 h\u1ea7u nh\u01b0 kh\u00f4ng ch\u1ecbu t\u00e1c \u0111\u1ed9ng b\u1edfi r\u1ee7i ro l\u00e3i su\u1ea5t v\u00e0 t\u01b0\u01a1ng \u0111\u1ed1i an to\u00e0n v\u1edbi r\u1ee7i ro t\u00e0i ch\u00ednh.<\/p>\n

– H\u1ea7u h\u1ebft c\u00e1c qu\u0129 tr\u00ean th\u1ecb tr\u01b0\u1eddng ti\u1ec1n t\u1ec7 n\u1eafm gi\u1eef ch\u1ee7 y\u1ebfu ba lo\u1ea1i ch\u1ee9ng kho\u00e1n – t\u00edn phi\u1ebfu kho b\u1ea1c, ch\u1ee9ng ch\u1ec9 ti\u1ec1n g\u1eedi ng\u00e2n h\u00e0ng (CDs), v\u00e0 th\u01b0\u01a1ng phi\u1ebfu (CP).<\/p>\n

– L\u1ee3i t\u1ee9c \u0111\u1ebfn khi \u0111\u00e1o h\u1ea1n tr\u00ean ch\u1ee9ng ch\u1ec9 ti\u1ec1n g\u1eedi – CDs v\u00e0 th\u01b0\u01a1ng phi\u1ebfu – CP trong c\u00f9ng kho\u1ea3ng th\u1eddi gian nh\u01b0 nhau lu\u00f4n cao h\u01a1n l\u1ee3i t\u1ee9c c\u1ee7a c\u00e1c t\u00edn phi\u1ebfu.<\/p>\n

R\u1ee7i ro c\u1ee7a c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 ng\u1eafn h\u1ea1n h\u00e0ng \u0111\u1ea7u nh\u01b0 CDs v\u00e0 CP r\u1ea5t nh\u1ecf so v\u1edbi r\u1ee7i ro c\u1ee7a h\u1ea7u h\u1ebft c\u00e1c t\u00e0i s\u1ea3n kh\u00e1c nh\u01b0 tr\u00e1i phi\u1ebfu doanh nghi\u1ec7p d\u00e0i h\u1ea1n, ch\u1ee9ng kho\u00e1n doanh nghi\u1ec7p ho\u1eb7c b\u1ea5t \u0111\u1ed9ng s\u1ea3n.<\/p>\n

(T\u00e0i li\u1ec7u tham kh\u1ea3o: Gi\u00e1o tr\u00ecnh Ph\u00e2n t\u00edch \u0111\u1ea7u t\u01b0 ch\u1ee9ng kho\u00e1n, NXB \u0110\u1ea1i h\u1ecdc Kinh t\u1ebf Qu\u1ed1c d\u00e2n)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n T\u00e0i s\u1ea3n phi r\u1ee7i ro (ti\u1ebfng Anh: Risk-free asset) \u0111\u01b0\u1ee3c hi\u1ec3u l\u00e0 nh\u1eefng t\u00e0i s\u1ea3n mang l\u1ea1i t\u1ec9 su\u1ea5t l\u1ee3i t\u1ee9c ch\u1eafc ch\u1eafn b\u1eb1ng l\u00e3i su\u1ea5t phi r\u1ee7i ro.\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\/30996"}],"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=30996"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30996\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30996"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30996"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}