{"id":8272,"date":"2023-11-29T10:56:29","date_gmt":"2023-11-29T10:56:29","guid":{"rendered":"https:\/\/masterskills.org\/blog\/chenh-lech-am-negative-carry-trong-dau-tu-la-gi-dac-diem.html"},"modified":"2023-12-21T14:11:59","modified_gmt":"2023-12-21T07:11:59","slug":"chenh-lech-am-negative-carry-trong-dau-tu-la-gi-dac-diem","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/chenh-lech-am-negative-carry-trong-dau-tu-la-gi-dac-diem.html","title":{"rendered":"Ch\u00eanh l\u1ec7ch \u00e2m (Negative Carry) trong \u0111\u1ea7u t\u01b0 l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m"},"content":{"rendered":"
\n
\n
<\/div>
\n

(\u1ea2nh minh h\u1ecda: Investopedia)<\/p>\n<\/figcaption><\/figure>\n

Ch\u00eanh l\u1ec7ch \u00e2m<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Ch\u00eanh l\u1ec7ch \u00e2m<\/b> trong ti\u1ebfng Anh l\u00e0 Negative Carry<\/b> hay Negative cost of carry.<\/b><\/p>\n

Ch\u00eanh l\u1ec7ch \u00e2m<\/b> l\u00e0 m\u1ed9t tr\u1ea1ng th\u00e1i trong \u0111\u00f3 chi ph\u00ed \u0111\u1ec3 n\u1eafm gi\u1eef m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 ho\u1eb7c ch\u1ee9ng kho\u00e1n v\u01b0\u1ee3t qu\u00e1 thu nh\u1eadp ki\u1ebfm \u0111\u01b0\u1ee3c khi n\u1eafm gi\u1eef n\u00f3.<\/p>\n

C\u00e1c\u00a0nh\u00e0 qu\u1ea3n l\u00ed danh m\u1ee5c \u0111\u1ea7u t\u01b0\u00a0th\u01b0\u1eddng kh\u00f4ng mong mu\u1ed1n m\u1ed9t giao d\u1ecbch ho\u1eb7c kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u00f3 ch\u00eanh l\u1ec7ch \u00e2m, b\u1edfi \u0111i\u1ec1u \u0111\u00f3 c\u00f3 ngh\u0129a l\u00e0 kho\u1ea3n \u0111\u1ea7u t\u01b0 \u0111ang m\u1ea5t ti\u1ec1n, d\u00f9 gi\u00e1 tr\u1ecb g\u1ed1c c\u1ee7a kho\u1ea3n \u0111\u1ea7u t\u01b0 v\u1eabn gi\u1eef nguy\u00ean (ho\u1eb7c gi\u1ea3m \u0111i).<\/p>\n

Tuy nhi\u00ean, nhi\u1ec1u nh\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0 chuy\u00ean gia th\u01b0\u1eddng xuy\u00ean tham gia v\u00e0o tr\u1ea1ng th\u00e1i nh\u01b0 v\u1eady, v\u00e0 h\u1ecd d\u1ef1 \u0111o\u00e1n s\u1ebd nh\u1eadn \u0111\u01b0\u1ee3c m\u1ed9t kho\u1ea3n ti\u1ec1n \u0111\u00e1ng k\u1ec3 t\u1eeb vi\u1ec7c n\u1eafm gi\u1eef kho\u1ea3n \u0111\u1ea7u t\u01b0 theo th\u1eddi gian.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m c\u1ee7a Ch\u00eanh l\u1ec7ch \u00e2m<\/font><\/h3>\n

B\u1ea5t k\u00ec kho\u1ea3n \u0111\u1ea7u t\u01b0 n\u00e0o c\u00f3 chi ph\u00ed cao h\u01a1n l\u1ee3i nhu\u1eadn thu \u0111\u01b0\u1ee3c \u0111\u1ec1u c\u00f3 ch\u00eanh l\u1ec7ch \u00e2m<\/b>.<\/p>\n

Kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u00f3 ch\u00eanh l\u1ec7ch \u00e2m c\u00f3 th\u1ec3 l\u00e0 m\u1ed9t v\u1ecb th\u1ebf ch\u1ee9ng kho\u00e1n (nh\u01b0 tr\u00e1i phi\u1ebfu, c\u1ed5 phi\u1ebfu, h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai ho\u1eb7c ngo\u1ea1i h\u1ed1i), b\u1ea5t \u0111\u1ed9ng s\u1ea3n (nh\u01b0 t\u00e0i s\u1ea3n cho thu\u00ea), ho\u1eb7c th\u1eadm ch\u00ed l\u00e0 \u0111\u1ea7u t\u01b0 v\u00e0o m\u1ed9t doanh nghi\u1ec7p.<\/p>\n

Ngay c\u1ea3 c\u00e1c ng\u00e2n h\u00e0ng c\u0169ng c\u00f3 th\u1ec3 g\u1eb7p ph\u1ea3i t\u00ecnh tr\u1ea1ng ti\u00eau c\u1ef1c n\u00e0y n\u1ebfu thu nh\u1eadp ki\u1ebfm \u0111\u01b0\u1ee3c t\u1eeb kho\u1ea3n vay th\u1ea5p h\u01a1n chi ph\u00ed v\u1ed1n c\u1ee7a ng\u00e2n h\u00e0ng.<\/p>\n

Ch\u00eanh l\u1ec7ch \u00e2m kh\u00f4ng bao g\u1ed3m l\u00e3i v\u1ec1 v\u1ed1n\u00a0(Capital gains) khi t\u00e0i s\u1ea3n \u0111\u01b0\u1ee3c b\u00e1n ho\u1eb7c \u0111\u00e1o h\u1ea1n. L\u00e3i v\u1ec1 v\u1ed1n mong \u0111\u1ee3i trong t\u01b0\u01a1ng lai nh\u01b0 v\u1eady th\u01b0\u1eddng l\u00e0 l\u00ed do ch\u00ednh khi\u1ebfn c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 mang ch\u00eanh l\u1ec7ch \u00e2m \u0111\u01b0\u1ee3c n\u1eafm gi\u1eef.<\/p>\n

V\u00ed d\u1ee5, s\u1edf h\u1eefu m\u1ed9t ng\u00f4i nh\u00e0 l\u00e0 m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 ch\u00eanh l\u1ec7ch \u00e2m \u0111\u1ed1i v\u1edbi h\u1ea7u h\u1ebft c\u00e1c ch\u1ee7 nh\u00e0 s\u1ed1ng trong nh\u00e0 nh\u01b0 l\u00e0 n\u01a1i c\u01b0 ng\u1ee5 ch\u00ednh c\u1ee7a h\u1ecd.<\/p>\n

Chi ph\u00ed l\u00e3i khi mua m\u1ed9t ng\u00f4i nh\u00e0 v\u1edbi th\u1ebf ch\u1ea5p ng\u00e2n h\u00e0ng m\u1ed7i th\u00e1ng s\u1ebd nhi\u1ec1u h\u01a1n s\u1ed1 ti\u1ec1n thu \u0111\u01b0\u1ee3c. Ngo\u00e0i ra, chi ph\u00ed b\u1ea3o tr\u00ec c\u0169ng l\u00e0 m\u1ed9t g\u00e1nh n\u1eb7ng t\u00e0i ch\u00ednh. Tuy nhi\u00ean, v\u00ec gi\u00e1 nh\u00e0 c\u00f3 xu h\u01b0\u1edbng t\u0103ng trong nh\u1eefng n\u0103m qua, n\u00ean nhi\u1ec1u ch\u1ee7 nh\u00e0 s\u1ebd ch\u1ea5p nh\u1eadn tr\u1ea3 l\u00e3i v\u00e0 s\u1edf h\u1eefu nh\u00e0 trong m\u1ed9t v\u00e0i n\u0103m, v\u00e0 sau \u0111\u00f3 c\u00f3 th\u1ec3 s\u1ebd b\u00e1n \u0111\u01b0\u1ee3c v\u1edbi gi\u00e1 h\u1eddi.<\/p>\n

Trong \u0111\u1ea7u t\u01b0 chuy\u00ean nghi\u1ec7p, m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 vay ti\u1ec1n v\u1edbi l\u00e3i su\u1ea5t 6% \u0111\u1ec3 \u0111\u1ea7u t\u01b0 v\u00e0o tr\u00e1i phi\u1ebfu v\u1edbi l\u1ee3i su\u1ea5t 4%. Trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y, nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 ch\u00eanh l\u1ec7ch \u00e2m l\u00e0 2% v\u00e0 th\u1ef1c s\u1ef1 \u0111ang chi ti\u1ec1n \u0111\u1ec3 s\u1edf h\u1eefu tr\u00e1i phi\u1ebfu. N\u1ebfu gi\u00e1 c\u1ee7a tr\u00e1i phi\u1ebfu t\u0103ng (x\u1ea3y ra khi l\u00e3i su\u1ea5t gi\u1ea3m) th\u00ec l\u00e3i v\u1ec1 v\u1ed1n c\u1ee7a nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 v\u01b0\u1ee3t qua chi ph\u00ed ban \u0111\u1ea7u.<\/p>\n

M\u1eb7c d\u00f9 vay \u0111\u1ec3 \u0111\u1ea7u t\u01b0 l\u00e0 l\u00ed do \u0111i\u1ec3n h\u00ecnh cho c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 ch\u00eanh l\u1ec7ch \u00e2m, trong \u0111\u00f3 chi ph\u00ed ch\u00eanh l\u1ec7ch \u00e2m l\u00e0 l\u00e3i su\u1ea5t, nh\u01b0ng b\u00e1n kh\u1ed1ng c\u0169ng c\u00f3 th\u1ec3 t\u1ea1o ra m\u1ed9t tr\u1ea1ng th\u00e1i ch\u00eanh l\u1ec7ch \u00e2m. V\u00ed d\u1ee5 trong m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c trung l\u1eadp th\u1ecb tr\u01b0\u1eddng trong \u0111\u00f3 m\u1ed9t v\u1ecb th\u1ebf b\u00e1n ch\u1ee9ng kho\u00e1n s\u1ebd kh\u1edbp v\u1edbi m\u1ed9t v\u1ecb th\u1ebf mua kh\u00e1c.<\/p>\n

C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00ean th\u1ecb tr\u01b0\u1eddng ngo\u1ea1i h\u1ed1i c\u0169ng c\u00f3 th\u1ec3 c\u00f3 m\u1ed9t giao d\u1ecbch ch\u00eanh l\u1ec7ch \u00e2m. Vay ti\u1ec1n b\u1eb1ng m\u1ed9t lo\u1ea1i ti\u1ec1n t\u1ec7 c\u00f3 l\u00e3i su\u1ea5t cao v\u00e0 sau \u0111\u00f3 \u0111\u1ea7u t\u01b0 v\u00e0o c\u00e1c t\u00e0i s\u1ea3n c\u00f3 m\u1ec7nh gi\u00e1 b\u1eb1ng m\u1ed9t lo\u1ea1i ti\u1ec1n t\u1ec7 c\u00f3 l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n s\u1ebd t\u1ea1o ra ch\u00eanh l\u1ec7ch \u00e2m. Tuy nhi\u00ean, n\u1ebfu gi\u00e1 tr\u1ecb c\u1ee7a \u0111\u1ed3ng ti\u1ec1n c\u00f3 l\u00e3i su\u1ea5t cao h\u01a1n b\u1ecb gi\u1ea3m so v\u1edbi \u0111\u1ed3ng ti\u1ec1n c\u00f3 l\u00e3i su\u1ea5t th\u1ea5p h\u01a1n, th\u00ec s\u1ef1 thay \u0111\u1ed5i thu\u1eadn l\u1ee3i trong t\u1ec9 gi\u00e1 h\u1ed1i \u0111o\u00e1i c\u00f3 th\u1ec3 t\u1ea1o ra l\u1ee3i nhu\u1eadn nhi\u1ec1u h\u01a1n l\u00e0 chi ph\u00ed ban \u0111\u1ea7u.<\/p>\n

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

\n Ch\u00eanh l\u1ec7ch \u00e2m (ti\u1ebfng Anh: Negative Carry) l\u00e0 m\u1ed9t tr\u1ea1ng th\u00e1i trong \u0111\u00f3 chi ph\u00ed \u0111\u1ec3 n\u1eafm gi\u1eef m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 ho\u1eb7c ch\u1ee9ng kho\u00e1n v\u01b0\u1ee3t qu\u00e1 thu nh\u1eadp ki\u1ebfm \u0111\u01b0\u1ee3c khi n\u1eafm gi\u1eef n\u00f3.\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\/8272"}],"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=8272"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/8272\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=8272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=8272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=8272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}