{"id":195960,"date":"2026-08-30T06:49:09","date_gmt":"2026-08-30T06:49:09","guid":{"rendered":"https:\/\/www.europesays.com\/cz\/195960\/"},"modified":"2026-08-30T06:49:09","modified_gmt":"2026-08-30T06:49:09","slug":"zapomente-na-americke-technologie-nenapadny-evropsky-sektor-vydelal-investorum-skoro-300-procent","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/cz\/195960\/","title":{"rendered":"Zapome\u0148te na americk\u00e9 technologie. Nen\u00e1padn\u00fd evropsk\u00fd sektor vyd\u011blal investor\u016fm skoro 300 procent"},"content":{"rendered":"

Asi to zn\u00e1te. Stoj\u00edte p\u0159ed d\u016fle\u017eit\u00fdm rozhodnut\u00edm, kter\u00e9 hodl\u00e1te promyslet ze v\u0161ech mo\u017en\u00fdch \u00fahl\u016f pohledu. Proto do rozhodov\u00e1n\u00ed zahrnete v\u00edce prom\u011bnn\u00fdch ne\u017e obvykle. V\u00fdvoj ka\u017ed\u00e9 z nich dok\u00e1\u017eete nicm\u00e9n\u011b odhadnout jen p\u0159ibli\u017en\u011b. Pokud byste jich zahrnuli jen p\u00e1r, sou\u010det p\u0159\u00edpadn\u00fdch omyl\u016f z titulu chybn\u00e9ho o\u010dek\u00e1v\u00e1n\u00ed v\u00fdvoje ka\u017ed\u00e9 z nich by je\u0161t\u011b nemusel podv\u00e1zat racionalitu kone\u010dn\u00e9ho rozhodnut\u00ed. \u201eP\u0159ehnanou zodpov\u011bdnost\u00ed\u201c ale m\u016f\u017eete doj\u00edt do f\u00e1ze, kdy do rozhodov\u00e1n\u00ed zahrnete tolik omezen\u011b p\u0159edv\u00eddateln\u00fdch prom\u011bnn\u00fdch, \u017ee fin\u00e1ln\u00ed rozhodnut\u00ed bude zat\u00ed\u017eeno p\u0159\u00edli\u0161 vysok\u00fdm rizikem fat\u00e1ln\u00ed chyby. Prost\u011b pianko, chce se \u0159\u00edct. Stejn\u00e9 je to u investic<\/a>.\u00a0Ko\u0161at\u00e1 \u0159e\u0161en\u00ed \u010dasto nep\u0159in\u00e1\u0161ej\u00ed vy\u0161\u0161\u00ed v\u00fdnos, zaru\u010den\u011b ale stoj\u00ed v\u00edce \u010dasu a mnohdy i nerv\u016f.\u00a0<\/p>\n

Jednoduch\u00e1 \u0159e\u0161en\u00ed dok\u00e1\u017eou vyd\u011blat<\/p>\n

V\u017edy\u0165 si to p\u0159edstavte t\u0159eba v kontextu spo\u0159en\u00ed \u010cech\u016f na d\u016fchod. Bu\u010f si m\u016f\u017eete spo\u0159it prost\u0159ednictv\u00edm n\u011bkter\u00e9ho z penzijn\u00edch fond\u016f, upsat se na des\u00edtky let k portfoliu, na kter\u00e9 nem\u00e1te \u017e\u00e1dn\u00fd vliv, a za dobu spo\u0159en\u00ed zaplat\u00edte v sou\u010dtu enormn\u00ed poplatky a budete doufat, \u017ee pen\u00edze nebudete muset vybrat d\u0159\u00edve, anebo si prost\u011b koupit \u00e9t\u00e9efko na americk\u00fd index S&P 500 a ne\u0159e\u0161it v\u016fbec nic. Pochopiteln\u011b se dosavadn\u00ed v\u00fdnos Wall Street nemus\u00ed a ani z\u0159ejm\u011b nebude opakovat, nicm\u00e9n\u011b: Zm\u00edn\u011bn\u00fd index<\/a> m\u00e1 za posledn\u00edch dvacet let pr\u016fm\u011brn\u00fd ro\u010dn\u00ed v\u00fdnos 9,34 procenta. V\u010detn\u011b reinvestovan\u00fdch dividend by takov\u00fd ro\u010dn\u00ed v\u00fdnos vypadal je\u0161t\u011b podstatn\u011b atraktivn\u011bji: 11,4 procenta. No to jen tak na okraj.\u00a0<\/p>\n

Z\u00e1mo\u0159sk\u00e1 investice je pochopiteln\u011b spojena s rizikem v\u00fdvoje dolaru, kter\u00fd v posledn\u00edch letech dok\u00e1zal p\u0159ece jen \u010desk\u00e9 investory dosti potr\u00e1pit. Na\u0161t\u011bst\u00ed neroste na sv\u011bt\u011b jen Wall Street. Dob\u0159e, srovn\u00e1n\u00ed s Evropou<\/a> v posledn\u00edch dvaceti letech vyzn\u00edv\u00e1 pro Star\u00fd kontinent katastrof\u00e1ln\u011b. Pr\u016fm\u011brn\u00e9 ro\u010dn\u00ed zhodnocen\u00ed evropsk\u00e9ho indexu Euro Stoxx 600 \u010dinilo pouh\u00fdch 3,49 procenta. To je \u0161patn\u00e1 zpr\u00e1va, nicm\u00e9n\u011b m\u00e1 v sob\u011b i n\u011bco pozitivn\u00edho. A to fakt, \u017ee akciov\u00e1 Evropa v posledn\u00edch letech dramaticky zrychlila. P\u0159edsudky v\u016f\u010di Evrop\u011b p\u0159itom klasicky hovo\u0159\u00ed o tom, \u017ee Star\u00fd kontinent je r\u016fstov\u011b mrtv\u00fd a ekonomicky nekonkurenceschopn\u00fd. Jak se tedy takov\u00fd skeptik postav\u00ed k faktu, \u017ee sektorov\u011b \u0161irok\u00fd index Euro Stoxx 600 od roku 2022 nesl ro\u010dn\u011b v pr\u016fm\u011bru 13,9 procenta? A to bez dividend, kter\u00e9 jsou v Evrop\u011b d\u00edky tradi\u010dn\u011b \u0161t\u011bdr\u00fdm \u201estar\u00fdm\u201c odv\u011btv\u00edm v\u00fdznamn\u00e9?\u00a0<\/p>\n

Marn\u00e1 Evropa? Ale jd\u011bte<\/p>\n

A pr\u00e1v\u011b o t\u00e9to \u201enov\u00e9\u201c dob\u011b evropsk\u00fdch burz si dnes budeme pov\u00eddat. Konkr\u00e9tn\u011b si zodpov\u00edme ot\u00e1zku, jak\u00fdm sektor\u016fm se v Evrop\u011b v posledn\u00edch letech da\u0159ilo nejl\u00e9pe a jak\u00e1 \u00e9t\u00e9efka \u2013 proto\u017ee samoz\u0159ejm\u011b chceme investovat diverzifikovan\u011b a levn\u011b bez klasick\u00fdch fondov\u00fdch struktur \u2013 vynesla nejv\u00edce. Proto\u017ee je investo\u0159i z\u0159ejm\u011b dlouhodob\u011b miluj\u00ed. Tak si tipn\u011bte \u2013 jak\u00fd sektor v Evrop\u011b v posledn\u00edch letech suver\u00e9nn\u011b t\u00e1hne burzy? Ne, nen\u00ed to energetika. Technologie u\u017e v\u016fbec ne, to tedy snad bohu\u017eel. Je to\u2026\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Asi to zn\u00e1te. Stoj\u00edte p\u0159ed d\u016fle\u017eit\u00fdm rozhodnut\u00edm, kter\u00e9 hodl\u00e1te promyslet ze v\u0161ech mo\u017en\u00fdch \u00fahl\u016f pohledu. Proto do rozhodov\u00e1n\u00ed…\n","protected":false},"author":2,"featured_media":195961,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[412,8436,11611,623,67,68,12076,150,106,1099,898,6459],"class_list":["post-195960","post","type-post","status-publish","format-standard","has-post-thumbnail","category-byznys","tag-akcie","tag-allianz","tag-banka","tag-burza","tag-business","tag-byznys","tag-curych","tag-energetika","tag-evropa","tag-investor","tag-svycarsko","tag-wall-street"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@cz\/117183130330556926","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/195960","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=195960"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/posts\/195960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media\/195961"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/media?parent=195960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/categories?post=195960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/cz\/wp-json\/wp\/v2\/tags?post=195960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}