{"id":111004,"date":"2026-06-08T11:12:08","date_gmt":"2026-06-08T11:12:08","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/111004\/"},"modified":"2026-06-08T11:12:08","modified_gmt":"2026-06-08T11:12:08","slug":"parket-nenapadny-udrzbar-ktery-prekvapil-okoli-i-wall-street","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/111004\/","title":{"rendered":"Parket: Nen\u00e1padn\u00fd \u00fadr\u017eb\u00e1\u0159, kter\u00fd p\u0159ekvapil okol\u00ed i\u00a0Wall Street"},"content":{"rendered":"

\u010ctete uk\u00e1zku z\u00a0newsletteru Parket, ve kter\u00e9m Luk\u00e1\u0161 Vo\u017een\u00edlek p\u0159in\u00e1\u0161\u00ed ty nejd\u016fle\u017eit\u011bj\u0161\u00ed novinky ze z\u00e1kulis\u00ed finan\u010dn\u00edch trh\u016f. Pokud v\u00e1s zaj\u00edm\u00e1 v\u00fdvoj burzovn\u00edch index\u016f, cen komodit \u010di m\u011bnov\u00fdch kurz\u016f, p\u0159ihlaste se k\u00a0odb\u011bru<\/a> a\u00a0cel\u00fd newsletter budete ka\u017ed\u00e9 pond\u011bl\u00ed dost\u00e1vat do sv\u00e9 e-mailov\u00e9 schr\u00e1nky.<\/p>\n

V \u00fater\u00fd 2.\u00a0\u010dervna si investi\u010dn\u00ed sv\u011bt mohl p\u0159ipomenout p\u0159\u00edb\u011bh mu\u017ee, kter\u00fd se do \u0161ir\u0161\u00edho pov\u011bdom\u00ed dostal nikoli d\u00edky kari\u00e9\u0159e na Wall Street, ale d\u00edky mimo\u0159\u00e1dn\u00e9 trp\u011blivosti. Ronald Read z\u00a0americk\u00e9ho Vermontu v\u011bt\u0161inu \u017eivota pracoval jako obsluha \u010derpac\u00ed stanice, mechanik a\u00a0pozd\u011bji jako \u00fadr\u017eb\u00e1\u0159 v\u00a0obchodn\u00edm dom\u011b J. C. Penney.<\/p>\n

Kdy\u017e v\u00a0roce 2014\u00a0zem\u0159el ve v\u011bku 92\u00a0let, uk\u00e1zalo se, \u017ee po sob\u011b zanechal majetek v\u00a0hodnot\u011b kolem osmi milion\u016f dolar\u016f. P\u0159ekvapen\u00ed bylo o\u00a0to v\u011bt\u0161\u00ed, \u017ee Read na okol\u00ed nep\u016fsobil jako bohat\u00fd \u010dlov\u011bk. \u017dil skromn\u011b, nevyhled\u00e1val pozornost a\u00a0podle dostupn\u00fdch popis\u016f se vyh\u00fdbal zbyte\u010dn\u00e9mu utr\u00e1cen\u00ed.<\/p>\n

Americk\u00fd finan\u010dn\u00ed publicista Morgan Housel v\u00a0knize Psychologie pen\u011bz p\u0159ipom\u00edn\u00e1, \u017ee v\u00a0t\u00e9m\u017ee roce zem\u0159elo ve Spojen\u00fdch st\u00e1tech p\u0159es 2,8\u00a0milionu lid\u00ed. M\u00e9n\u011b ne\u017e 4000\u00a0z\u00a0nich po sob\u011b zanechalo majetek v\u00a0\u010dist\u00e9 hodnot\u011b p\u0159es osm milion\u016f dolar\u016f.<\/p>\n

Read byl jedn\u00edm z\u00a0nich, p\u0159esto\u017ee nezd\u011bdil velk\u00fd majetek, nevybudoval firmu a\u00a0nepat\u0159il mezi finan\u010dn\u00ed profesion\u00e1ly. T\u011bm, kdo ho znali, podle Housela doslova \u201espadla \u010delist\u201c. Jak mohl b\u00fdval\u00fd \u00fadr\u017eb\u00e1\u0159 nashrom\u00e1\u017edit jm\u011bn\u00ed, kter\u00e9 by mu mohli z\u00e1vid\u011bt i\u00a0mnoz\u00ed lid\u00e9 s\u00a0n\u00e1sobn\u011b vy\u0161\u0161\u00edmi p\u0159\u00edjmy?<\/p>\n

Majetek, kter\u00fd okol\u00ed ne\u010dekalo<\/p>\n

Uk\u00e1zalo se, \u017ee za t\u00edm nebyla \u017e\u00e1dn\u00e1 tajemn\u00e1 z\u00e1hada. Read \u017eil pod sv\u00e9 mo\u017enosti. Mal\u00e9 \u010d\u00e1stky, kter\u00e9 dok\u00e1zal u\u0161et\u0159it, pravideln\u011b investoval do akci\u00ed zaveden\u00fdch spole\u010dnost\u00ed a\u00a0pot\u00e9 dlouh\u00e9 dek\u00e1dy \u010dekal, a\u017e se jeho \u00faspory d\u00edky \u010dasu, dividend\u00e1m a\u00a0slo\u017een\u00e9mu \u00faro\u010den\u00ed rozmno\u017e\u00ed. \u201eNic v\u00edc za t\u00edm nen\u00ed,\u201c shrnuje Housel ve sv\u00e9m kni\u017en\u00edm bestselleru.<\/p>\n

Podle listu The Wall Street Journal pat\u0159ily mezi Readovy v\u00fdznamn\u00e9 pozice nap\u0159\u00edklad akcie spole\u010dnost\u00ed Wells Fargo, Procter & Gamble nebo Colgate-Palmolive. Ne\u0161lo tedy o\u00a0investora, kter\u00fd by se sna\u017eil pravideln\u011b hledat dal\u0161\u00ed hork\u00fd tip. Read dr\u017eel pod\u00edly ve zn\u00e1m\u00fdch firm\u00e1ch, inkasoval dividendy a\u00a0podle v\u0161eho s\u00a0portfoliem zach\u00e1zel velmi trp\u011bliv\u011b.<\/p>\n

Housel stav\u00ed Reada do kontrastu s\u00a0finan\u010dn\u00edkem Richardem Fusconem, kter\u00fd m\u011bl naopak t\u00e9m\u011b\u0159 v\u0161echno, co si lid\u00e9 s\u00a0finan\u010dn\u00edm \u00fasp\u011bchem obvykle spojuj\u00ed. Vystudoval Harvard, z\u00edskal titul MBA a\u00a0pracoval v\u00a0investi\u010dn\u00ed bance Merrill Lynch. Ve financ\u00edch ud\u011blal tak \u00fasp\u011b\u0161nou kari\u00e9ru, \u017ee mohl je\u0161t\u011b p\u0159ed pades\u00e1tkou odej\u00edt do penze.<\/p>\n

Jeho p\u0159\u00edb\u011bh ale skon\u010dil opa\u010dn\u011b. Po roce 2000\u00a0se v\u00fdrazn\u011b zadlu\u017eil kv\u016fli n\u00e1kladn\u00e9mu \u017eivotn\u00edmu stylu a\u00a0roz\u0161i\u0159ov\u00e1n\u00ed velk\u00e9ho domu. Kdy\u017e v\u00a0roce 2008\u00a0p\u0159i\u0161la finan\u010dn\u00ed krize, kombinace vysok\u00fdch dluh\u016f, nelikvidn\u00edho majetku a\u00a0propadu trhu ho dostala do pot\u00ed\u017e\u00ed, kter\u00e9 skon\u010dily osobn\u00edm bankrotem.<\/p>\n

Rozhoduje chov\u00e1n\u00ed<\/p>\n

Srovn\u00e1n\u00ed obou mu\u017e\u016f nen\u00ed d\u016fkazem, \u017ee vzd\u011bl\u00e1n\u00ed, kari\u00e9ra nebo vysok\u00fd p\u0159\u00edjem nejsou d\u016fle\u017eit\u00e9. Ukazuje sp\u00ed\u0161, \u017ee samy o\u00a0sob\u011b je\u0161t\u011b nezaru\u010duj\u00ed finan\u010dn\u00ed stabilitu. Jak Housel v\u00a0knize opakovan\u011b p\u0159ipom\u00edn\u00e1, v\u00a0osobn\u00edch financ\u00edch nerozhoduje jen inteligence, vzd\u011bl\u00e1n\u00ed nebo v\u00fd\u0161e p\u0159\u00edjmu, ale p\u0159edev\u0161\u00edm chov\u00e1n\u00ed. Tedy kolik z\u00a0p\u0159\u00edjmu \u010dlov\u011bk utrat\u00ed, kolik rizika na sebe vezme, jak pracuje s\u00a0dluhem a\u00a0jestli dok\u00e1\u017ee vydr\u017eet u\u00a0dlouhodob\u00e9ho pl\u00e1nu.<\/p>\n

Read\u016fv p\u0159\u00edpad m\u00e1 p\u0159esah i\u00a0pro dne\u0161n\u00edho \u010desk\u00e9ho investora. Na rozd\u00edl od n\u011bj dnes drobn\u00fd investor nemus\u00ed vyb\u00edrat jednotliv\u00e9 akcie a\u00a0\u010d\u00edst finan\u010dn\u00ed tisk, aby se k\u00a0dlouhodob\u00e9mu investov\u00e1n\u00ed v\u016fbec dostal. K\u00a0dispozici m\u00e1 levn\u00e9 indexov\u00e9 fondy, pravideln\u00e9 investi\u010dn\u00ed pl\u00e1ny nebo produkty ur\u010den\u00e9 ke spo\u0159en\u00ed na st\u00e1\u0159\u00ed. Technicky je za\u010d\u00e1tek jednodu\u0161\u0161\u00ed ne\u017e v\u00a0minulosti.<\/p>\n

<\/a><\/p>\n

Z\u00e1kladn\u00ed p\u0159edpoklady se ale tolik nezm\u011bnily. I\u00a0dnes z\u00e1le\u017e\u00ed na pravidelnosti, n\u00e1kladech, trp\u011blivosti a\u00a0schopnosti nepanika\u0159it p\u0159i hor\u0161\u00edch obdob\u00edch na trz\u00edch. Tyto vlastnosti budou pravd\u011bpodobn\u011b d\u016fle\u017eit\u00e9 i\u00a0proto, \u017ee \u010desk\u00fd d\u016fchodov\u00fd syst\u00e9m se kv\u016fli st\u00e1rnut\u00ed populace postupn\u011b m\u011bn\u00ed a\u00a0pro mlad\u0161\u00ed generace m\u016f\u017ee b\u00fdt spoleh v\u00fdhradn\u011b na st\u00e1tn\u00ed penzi m\u00e9n\u011b pohodln\u00fd ne\u017e pro jejich rodi\u010de \u010di prarodi\u010de.<\/p>\n

Z Readova \u017eivota by p\u0159esto byla chyba d\u011blat jednoduch\u00fd n\u00e1vod ve stylu, \u017ee sta\u010d\u00ed b\u00fdt spo\u0159iv\u00fd a\u00a0ka\u017ed\u00fd m\u016f\u017ee zem\u0159\u00edt s\u00a0milionov\u00fdm majetkem. Read m\u011bl mimo\u0159\u00e1dn\u011b dlouh\u00fd investi\u010dn\u00ed horizont, do\u017eil se vysok\u00e9ho v\u011bku a\u00a0investoval v\u00a0dob\u011b, kdy americk\u00fd akciov\u00fd trh dlouhodob\u011b v\u00fdrazn\u011b rostl. Ve financ\u00edch nav\u00edc hraj\u00ed roli i\u00a0\u0161t\u011bst\u00ed a\u00a0riziko.<\/p>\n

Read\u016fv p\u0159\u00edb\u011bh proto nen\u00ed receptem na zopakov\u00e1n\u00ed stejn\u00e9ho v\u00fdsledku. Je sp\u00ed\u0161 p\u0159ipom\u00ednkou, \u017ee v\u00a0investov\u00e1n\u00ed nemus\u00ed b\u00fdt nejv\u011bt\u0161\u00ed v\u00fdhodou slo\u017eit\u00e1 strategie nebo vysok\u00fd status. N\u011bkdy je tvo\u0159\u00ed oby\u010dejn\u00e9 n\u00e1vyky, n\u00edzk\u00e9 \u017eivotn\u00ed n\u00e1klady, dlouh\u00fd \u010das a\u00a0schopnost ned\u011blat zbyte\u010dn\u00e9 chyby.<\/p>\n

V pln\u00e9 verzi newsletteru Parket v\u017edy najdete i\u00a0souhrn nejd\u016fle\u017eit\u011bj\u0161\u00edch zpr\u00e1v z\u00a0oblasti akciov\u00fdch trh\u016f a\u00a0makroekonomick\u00fdch trend\u016f, investi\u010dn\u00ed tipy odborn\u00edk\u016f nebo novinky z\u00a0pra\u017esk\u00e9 burzy. P\u0159ihlaste se k\u00a0odb\u011bru<\/a>, aby v\u00e1m nic d\u016fle\u017eit\u00e9ho neuniklo.<\/p>\n","protected":false},"excerpt":{"rendered":"\u010ctete uk\u00e1zku z\u00a0newsletteru Parket, ve kter\u00e9m Luk\u00e1\u0161 Vo\u017een\u00edlek p\u0159in\u00e1\u0161\u00ed ty nejd\u016fle\u017eit\u011bj\u0161\u00ed novinky ze z\u00e1kulis\u00ed finan\u010dn\u00edch trh\u016f. Pokud v\u00e1s…\n","protected":false},"author":2,"featured_media":111005,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[412,67,68,69,4409,3887,471,2643],"class_list":["post-111004","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-akcie","tag-business","tag-byznys","tag-investice","tag-investovani","tag-newsletter-parket","tag-penzijni-fondy","tag-uspory"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/116714192809620851","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/111004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/comments?post=111004"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/111004\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/111005"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=111004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=111004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=111004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}