实用指南
风险与时间期限
风险取决于你何时需要这笔钱，时间会改变工具是否合适。
要点
- 短期更谨慎
- 长期更能承受波动
- 风险也包括目标失败
- 策略要能坚持
The central rule
Before asset allocation, ask when you truly need that money.
Time is the variable that decides how much risk makes sense.
Financial risk and behavioural risk
Even a theoretically correct portfolio can fail if it leads you to sell in panic.
That is why the best strategy is the one you can keep during drawdowns.
Using it in practice
For near goals, prefer stability; for distant goals, you can accept more fluctuation.
Alignment between goal, time and personal profile matters more than any market forecast.
现在该做什么
Write three goals with dates and priorities: when markets get noisy, that map will prevent emotional decisions.