{"id":41665,"date":"2025-11-13T14:51:07","date_gmt":"2025-11-13T14:51:07","guid":{"rendered":"https:\/\/www.europesays.com\/ee\/41665\/"},"modified":"2025-11-13T14:51:07","modified_gmt":"2025-11-13T14:51:07","slug":"kas-tana-tasub-aktsiaid-osta-goldman-sachs-avaldas-jargmise-kumnendi-prognoosi-kus-votmeroll-on-dividendidel","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ee\/41665\/","title":{"rendered":"Kas t\u00e4na tasub aktsiaid osta? Goldman Sachs avaldas j\u00e4rgmise k\u00fcmnendi prognoosi, kus v\u00f5tmeroll on dividendidel"},"content":{"rendered":"<p>Oma v\u00e4rskes raportis \u201eBuilding Long-Term Returns\u201c selgitab Goldman Sachsi anal\u00fc\u00fctik Peter Oppenheimer, et v\u00e4ljavaadet toetavad \u201estruktuursed tegurid nagu nominaalkasv, kasumlikkus ja aktsion\u00e4ridele jaotatavad tulud\u201c (n\u00e4iteks dividendid ja aktsiate tagasiostud).<\/p>\n<p class=\"ng-star-inserted\">Pank kasutab oma prognoosimudelites l\u00e4henemist, kus kogutootlus koosneb kasumikasvust, aktsiahinna v\u00e4\u00e4rtuse muutusest ja dividenditootlusest, kohandades seda vastavalt piirkondlikele erip\u00e4radele.<\/p>\n<p class=\"ng-star-inserted\">\u201eKasumikasv j\u00e4\u00e4b peamiseks tootluse mootoriks,\u201c kirjutas Oppenheimer. Panga prognoosi kohaselt kasvavad globaalsete ettev\u00f5tete kasumid, sealhulgas aktsiate tagasiostud, ligikaudu 6% aastas. \u00dclej\u00e4\u00e4nud tootluse osa tuleb dividendidest, samal ajal kui aktsiate hinnatasemed praegustelt tippudelt eeldatavasti m\u00f5\u00f5dukalt langevad.<\/p>\n<p>Regiooniti on ootused v\u00e4ga erinevad<\/p>\n<p class=\"ng-star-inserted\">Goldman Sachsi prognoosid on regiooniti erinevad, pakkudes investoritele vihjeid, kuhu oma portfelle suunata:<\/p>\n<ul>\n<li>\n<p class=\"ng-star-inserted\">USA: Oodatav aastatootlus 6,5%. Tootlust veavad t\u00e4ielikult kasumid ja tagasihoidlikud dividendid, samal ajal kui aktsiate tagasiostud kompenseerivad hinnatasemete langusest tulenevat negatiivset m\u00f5ju.<\/p>\n<\/li>\n<li>\n<p class=\"ng-star-inserted\">Euroopa: Oodatav aastatootlus 7,1%. Poole sellest moodustab kasumikasv ja poole aktsion\u00e4ridele suunatud v\u00e4ljamaksed.<\/p>\n<\/li>\n<li>\n<p class=\"ng-star-inserted\">Jaapan: Paistab silma 8,2% oodatava tootlusega, mida toetab 6% kasumikasv ja poliitiliste otsustega soodustatud v\u00e4ljamaksete suurenemine.<\/p>\n<\/li>\n<li>\n<p class=\"ng-star-inserted\">Aasia (v.a Jaapan): Prognoositakse 10,3% aastatootlust, mille taga on ligi 9% kasumikasv ja 2,7% dividenditootlus.<\/p>\n<\/li>\n<li>\n<p class=\"ng-star-inserted\">Arenevad turud: K\u00f5ige k\u00f5rgemat, 10,9% tootlust, oodatakse arenevatelt turgudelt, mida veavad Hiina ja India.<\/p>\n<\/li>\n<\/ul>\n<p>Goldman Sachs soovitab<\/p>\n<p class=\"ng-star-inserted\">Sellest tulenevalt soovitab Goldman Sachs investoritel mitmekesistada oma portfelle v\u00e4ljapoole USA-d, kallutades fookuse arenevatele turgudele, viidates sealsetele k\u00f5rgematele SKP nominaalkasvu n\u00e4itajatele ja j\u00e4tkuvatele reformidele.<\/p>\n<p class=\"ng-star-inserted\">Lisaks m\u00e4rkis anal\u00fc\u00fctik, et n\u00f5rgenev USA dollar v\u00f5ib USA-v\u00e4liste aktsiate tootlust dollarites arvestatuna veelgi t\u00f5sta. Ajalooliselt on dollari n\u00f5rgenemise perioodid langenud kokku ajaga, mil teiste riikide aktsiad on n\u00e4idanud paremaid tulemusi kui USA omad.<\/p>\n<p>    Kuidas see lugu Sind end tundma pani?<br \/>\n        Saada<br \/>\n           <a href=\"https:\/\/arileht.delfi.ee\/artikkel\/120416681\/kas-tana-tasub-aktsiaid-osta-goldman-sachs-avaldas-jargmise-kumnendi-prognoosi-kus-votmeroll-on-dividendidel\/kommentaarid\" class=\"article-body-bottom__comment article-body-bottom__comment--write button button--primary button--size-auto\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n        Kommenteeri<br \/>\n       <\/a> <a href=\"https:\/\/arileht.delfi.ee\/artikkel\/120416681\/kas-tana-tasub-aktsiaid-osta-goldman-sachs-avaldas-jargmise-kumnendi-prognoosi-kus-votmeroll-on-dividendidel\/kommentaarid\" class=\"article-body-bottom__comment article-body-bottom__comment--read button button--size-auto\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n        Loe kommentaare  <\/a>  <\/p>\n","protected":false},"excerpt":{"rendered":"Oma v\u00e4rskes raportis \u201eBuilding Long-Term Returns\u201c selgitab Goldman Sachsi anal\u00fc\u00fctik Peter Oppenheimer, et v\u00e4ljavaadet toetavad \u201estruktuursed tegurid nagu&hellip;\n","protected":false},"author":2,"featured_media":41666,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[131,68,130,37,33,35,34,36,8139,780],"class_list":{"0":"post-41665","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ari","8":"tag-ari","9":"tag-bors","10":"tag-business","11":"tag-ee","12":"tag-eesti","13":"tag-eesti-keel","14":"tag-estonia","15":"tag-estonian","16":"tag-goldman-sachs","17":"tag-investeerimine"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ee\/115542955381877625","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/posts\/41665","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/comments?post=41665"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/posts\/41665\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/media\/41666"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/media?parent=41665"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/categories?post=41665"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ee\/wp-json\/wp\/v2\/tags?post=41665"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}