\uc0ac\ud68c \ucd08\ub144\uc0dd\uc774 \uc790\uc0b0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uad6c\uc131\ud560 \ub54c \uac00\uc7a5 \uba3c\uc800 \uace0\ub824\ud574\uc57c \ud560 \uc694\uc18c\ub294 \uc790\uc2e0\uc774 \uac00\uc9c4 \uc790\uc0b0\uc744 \uc5b4\ub5bb\uac8c \ub098\ub204\uace0 \ubc30\ubd84\ud560 \uac83\uc774\ub0d0 \ud558\ub294 \ubb38\uc81c\uc785\ub2c8\ub2e4. \ud754\ud788 \ub9d0\ud558\ub294 \u2018\uc790\uc0b0 \ubc30\ubd84\u2019\uc774\ub780 \ub2e8\uc21c\ud788 \uc608\uc801\uae08\uacfc \uc8fc\uc2dd, \ucc44\uad8c \ub4f1\uc5d0 \uc5bc\ub9c8\ub9cc\ud07c \ud22c\uc790\ud560\uc9c0\ub97c \uacb0\uc815\ud558\ub294 \uac83\uc744 \ub118\uc5b4, \uc704\ud5d8\uacfc \uc218\uc775\uc744 \uc870\ud654\ub86d\uac8c \uc124\uacc4\ud558\ub294 \uacfc\uc815\uc785\ub2c8\ub2e4. \ud2b9\ud788 \uc0ac\ud68c \ucd08\ub144\uc0dd\uc740 \uc0c1\ub2f9\ud788 \uae34 \ud22c\uc790 \uae30\uac04\uc744 \ud655\ubcf4\ud560 \uc218 \uc788\ub2e4\ub294 \uc810\uc5d0\uc11c, \ucc98\uc74c\ubd80\ud130 \uc62c\ubc14\ub978 \uc790\uc0b0 \ubc30\ubd84 \ubc29\ubc95\uc5d0 \ub300\ud55c \uc774\ud574\uac00 \ub9e4\uc6b0 \uc911\uc694\ud569\ub2c8\ub2e4. \uae08\uc735\uac10\ub3c5\uc6d0\uc758 2022\ub144 \uc790\ub8cc\uc5d0 \ub530\ub974\uba74, \uc80a\uc740 \ud22c\uc790\uc790\uc77c\uc218\ub85d \uace0\uc704\ud5d8 \uc790\uc0b0\uc5d0 \ub300\ud55c \uacfc\ub3c4\ud55c \ube44\uc911\uc744 \ub450\ub294 \uacbd\ud5a5\uc774 \uc788\uc73c\uba70, \uadf8 \uacb0\uacfc \ud070 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc5d0 \ud718\ub9d0\ub824 \uc870\uae30\uc5d0 \ud22c\uc790\uae08\uc744 \uc783\ub294 \uc0ac\ub840\uac00 \ub9ce\ub2e4\uace0 \ud569\ub2c8\ub2e4. \uc774\ub97c \ubc29\uc9c0\ud558\uae30 \uc704\ud574\uc11c\ub294 \uae30\ubcf8\uae30\uc5d0 \ucda9\uc2e4\ud55c \uc790\uc0b0 \ubc30\ubd84 \uc804\ub7b5\uc744 \uc219\uc9c0\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n
\uc790\uc0b0 \ubc30\ubd84\uc5d0\ub294 \ub2e4\uc591\ud55c \uc811\uadfc\ubc95\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc804\ud1b5\uc801\uc73c\ub85c\ub294 \u2018\uc8fc\uc2dd, \ucc44\uad8c, \ud604\uae08\u2019\uc73c\ub85c \ud06c\uac8c \uad6c\ubd84\ud558\uc5ec \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub0b4 \ube44\uc911\uc744 \uc870\uc815\ud558\ub294 \ubc29\uc2dd\uc774 \ub300\ud45c\uc801\uc785\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774\ub77c\uba74 \uba3c\uc800 \uc548\uc815\uc801\uc778 \uc608\uc801\uae08\uc5d0\uc11c\ubd80\ud130 \uc2dc\uc791\ud574, 6\uac1c\uc6d4\uc5d0\uc11c 1\ub144\uac04 \uc0dd\ud65c\ube44\ub97c \ucda9\ub2f9\ud560 \uc218 \uc788\uc744 \uc815\ub3c4\uc758 \ube44\uc0c1\uae08 \ucfe0\uc158\uc744 \ud655\ubcf4\ud574\uc57c \ud569\ub2c8\ub2e4. \uadf8 \ub2e4\uc74c\uc73c\ub85c \ub0a8\uc740 \uc790\uae08\uc744 \ub2e4\uc591\ud55c \ud22c\uc790 \uc0c1\ud488\uc5d0 \ubd84\uc0b0\ud558\ub294 \uc804\ub7b5\uc744 \uc9dc\uba74 \uc88b\uc2b5\ub2c8\ub2e4. \ube44\uc0c1\uae08\uc774 \uc5c6\uc774 \ubb34\ud131\ub300\uace0 \uc8fc\uc2dd\uc774\ub098 \uac00\uc0c1\uc790\uc0b0 \ub4f1\uc5d0 \ubaa8\ub4e0 \uc790\uae08\uc744 \ud22c\uc790\ud558\ub294 \uac83\uc740 \uc2dc\uc7a5 \uc0c1\ud669\uc774 \uc88b\uc744 \ub54c\ub294 \ub2e8\uae30\uc801\uc73c\ub85c \uc774\uc775\uc744 \ubcfc \uc218 \uc788\uc73c\ub098, \uacbd\uc81c\uc801 \ucda9\uaca9\uc774 \ucc3e\uc544\uc654\uc744 \ub54c \uc27d\uac8c \uc6d0\uae08 \uc190\uc2e4\uc744 \ubcfc \uc704\ud5d8\uc774 \ub192\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc608\uc801\uae08, \ucc44\uad8c, \uc8fc\uc2dd, ETF, \ubd80\ub3d9\uc0b0 \ub9ac\uce20, \uac00\uc0c1\uc790\uc0b0 \ub4f1 \ub2e4\uc591\ud55c \ud22c\uc790 \uc790\uc0b0\uad70\ub4e4\uc774 \uc874\uc7ac\ud558\uc9c0\ub9cc, \uac01\uc790 \uc5f0\ub839\ub300\ubcc4\u00b7\ud22c\uc790 \uc131\ud5a5\ubcc4\ub85c \uc801\uc808\ud55c \ubc30\ubd84 \ube44\uc728\uc740 \ub2e4\ub97c \uc218\ubc16\uc5d0 \uc5c6\uc2b5\ub2c8\ub2e4. \ub300\ud45c\uc801\uc73c\ub85c 20\ub300 \uc0ac\ud68c \ucd08\ub144\uc0dd\uc740 \ud5a5\ud6c4 \uc9c1\uc7a5 \uc0dd\ud65c\uc744 \ud1b5\ud574 \uafb8\uc900\ud788 \ud604\uae08\uc744 \uc720\uc785\ud560 \uc218 \uc788\uc73c\ub2c8, \uc608\uc801\uae08\uc758 \ube44\uc911 \ub300\uc2e0 \uc131\uc7a5 \uac00\ub2a5\uc131\uc774 \ub192\uc740 \uc790\uc0b0\uc778 \uc8fc\uc2dd\uc774\ub098 \ud380\ub4dc\uc758 \ube44\uc911\uc744 \ub2e4\uc18c \ub192\uac8c \uac00\uc838\uac00\ub294 \ubc29\uc2dd\uc774 \uac00\ub2a5\ud569\ub2c8\ub2e4. \ub2e4\ub9cc, \uacbd\uae30 \uce68\uccb4\ub098 \uae08\ub9ac \uc778\uc0c1 \ub4f1\uc758 \uc678\ubd80 \uc694\uc778\uc774 \uc788\uc744 \ub54c\ub294 \ub300\ub2f4\ud558\uac8c \uc6b4\uc6a9\ud574\uc57c \ud560\uc9c0 \uc544\ub2c8\uba74 \ubc29\uc5b4\uc801\uc778 \uc804\ub7b5\uc774 \ud544\uc694\ud55c\uc9c0\ub97c \uacc4\uc18d\ud574\uc11c \uc810\uac80\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n
\uc790\uc0b0 \ubc30\ubd84 \uc774\ub860 \uc911\uc5d0\ub294 \u2018\ud604\ub300 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc774\ub860(Modern Portfolio Theory, MPT)\u2019\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ud22c\uc790 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uac00 \uc8fc\uc2dd\u00b7\ucc44\uad8c\u00b7\ud604\uae08 \ub4f1\uc73c\ub85c \uad6c\uc131\ub420 \ub54c\uac1c\ubcc4 \uc790\uc0b0\uc758 \uc0c1\uad00\uad00\uacc4\uc640 \ubcc0\ub3d9\uc131\uc744 \ud1a0\ub300\ub85c \uc704\ud5d8\uc744 \ucd5c\uc18c\ud654\ud558\uba74\uc11c \uc218\uc775\uc744 \uadf9\ub300\ud654\ud560 \uc218 \uc788\ub3c4\ub85d \uc124\uacc4\ud558\ub294 \ubc29\ubc95\ub860\uc785\ub2c8\ub2e4. \uc774 \uc774\ub860\uc740 \uc2dc\uc7a5\uc5d0\uc11c \uc11c\ub85c \ub2e4\ub978 \uc790\uc0b0 \uac04\uc758 \uc0c1\uad00\uad00\uacc4\uac00 \ub0ae\uc744\uc218\ub85d \ubcc0\ub3d9\uc131 \ubc29\uc5b4\uc5d0 \uc720\ub9ac\ud558\ub2e4\ub294 \uc810\uc744 \uac15\uc870\ud569\ub2c8\ub2e4. \uc0ac\ud68c \ucd08\ub144\uc0dd\ub3c4 \uc774\ub97c \uc751\uc6a9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ubb34\uc791\uc815 \u2018\uc8fc\uc2dd 100%\u2019\ub85c \ud22c\uc790\ud558\uae30\ubcf4\ub2e4\ub294 \u2018\uc8fc\uc2dd 60% + \ucc44\uad8c 20% + \ud604\uae08(\ud639\uc740 \uc608\uc801\uae08) 20%\u2019\uc640 \uac19\uc774 \ubd84\uc0b0\ud558\ub294 \uc804\ub7b5\uc774 \ub354 \uc548\uc815\uc801\uc77c \uc218 \uc788\ub2e4\ub294 \uc598\uae30\uc785\ub2c8\ub2e4.<\/p>\n
\uc790\uc0b0 \ubc30\ubd84\uc5d0\uc11c \uc911\uc694\ud55c \uc810\uc740 \uac01\uac01\uc758 \ud22c\uc790 \uc790\uc0b0\uad70\uc774 \uac00\uc9c0\ub294 \uc7a5\uc810\uacfc \ub2e8\uc810\uc744 \uc815\ud655\ud788 \uc778\uc2dd\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc8fc\uc2dd\uc740 \uc7a5\uae30\uc801\uc73c\ub85c \ub192\uc740 \uc218\uc775\ub960\uc744 \uae30\ub300\ud560 \uc218 \uc788\uc9c0\ub9cc \ubcc0\ub3d9\uc131\uc774 \ud07d\ub2c8\ub2e4. \ucc44\uad8c\uc740 \uc0c1\ub300\uc801\uc73c\ub85c \ubcc0\ub3d9\uc131\uc774 \uc801\uc9c0\ub9cc \uae08\ub9ac \uc0c1\uc2b9\uae30\uc5d0\ub294 \uac00\uaca9\uc774 \ub5a8\uc5b4\uc9c8 \uc704\ud5d8\uc774 \uc874\uc7ac\ud569\ub2c8\ub2e4. \ud604\uae08 \ud639\uc740 \uc608\uc801\uae08\uc740 \uac00\uce58\uac00 \uc548\uc815\uc801\uc774\uc9c0\ub9cc \uc778\ud50c\ub808\uc774\uc158\uc774 \uc9c0\uc18d\ub420 \uacbd\uc6b0 \uc2e4\uc9c8 \uad6c\ub9e4\ub825\uc774 \ud558\ub77d\ud558\ub294 \ub2e8\uc810\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \uc790\uc2e0\uc758 \ud22c\uc790 \uc131\ud5a5\uacfc \ubaa9\ud45c, \uadf8\ub9ac\uace0 \uc720\ub3d9\uc131 \ud544\uc694\uc131\uc744 \uace0\ub824\ud574 \uc774 \uc790\uc0b0\uad70\ub4e4\uc744 \uc801\uc808\ud788 \uc870\ud569\ud558\ub294 \uac83\uc774 \ud575\uc2ec\uc785\ub2c8\ub2e4.<\/p>\n
\ucf54\ub85c\ub09819 \uc774\ud6c4 \uc8fc\uc2dd \uc2dc\uc7a5\uc5d0 \uc0c8\ub86d\uac8c \uc9c4\uc785\ud55c \uac1c\uc778 \ud22c\uc790\uc790\ub4e4\uc774 \uae09\uaca9\ud788 \ub298\uc5b4\ub09c \uac83\uc740 \ud558\ub098\uc758 \ud765\ubbf8\ub85c\uc6b4 \ud604\uc0c1\uc785\ub2c8\ub2e4. 2020~2021\ub144\uc5d0 \uac78\uccd0 \u2018\ub3d9\ud559\uac1c\ubbf8\u2019 \uc5f4\ud48d\uc774 \uc77c\uba74\uc11c \ub9ce\uc740 \uc0ac\ud68c \ucd08\ub144\uc0dd\ub3c4 \ubaa8\ubc14\uc77c \uc571\uc744 \ud1b5\ud574 \uc190\uc27d\uac8c \uc8fc\uc2dd\uc744 \ub9e4\uc218\ud588\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 2022\ub144 \ub4e4\uc5b4 \uae00\ub85c\ubc8c \uacf5\uae09\ub9dd \ubd88\uc548\uacfc \uae08\ub9ac \uc778\uc0c1 \uc774\uc288\ub85c \uc778\ud574 \uc99d\uc2dc\uac00 \ud558\ub77d\ud558\uba74\uc11c \uc774\ub4e4\uc774 \ub300\uac70 \uc5b4\ub824\uc6c0\uc744 \uacaa\uac8c \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ub2e8\uc77c \uc790\uc0b0\uc5d0 \uacfc\ub3c4\ud55c \ube44\uc911\uc744 \ub454 \ud22c\uc790 \ud639\uc740 \uc2dc\uc7a5 \uc0c1\ud669\uc5d0 \ub300\ud55c \uc9c0\ub098\uce5c \ub099\uad00\uc8fc\uc758\uac00 \uc5bc\ub9c8\ub098 \uc704\ud5d8\ud560 \uc218 \uc788\ub294\uc9c0\ub97c \ubcf4\uc5ec\uc8fc\ub294 \ub300\ud45c\uc801 \uc608\uc785\ub2c8\ub2e4.<\/p>\n
\ubb3c\ub860 \uc8fc\uc2dd\uc5d0 \ud22c\uc790\ud558\uc9c0 \ub9d0\ub77c\ub294 \uc758\ubbf8\uac00 \uc544\ub2c8\ub77c, \uc804\uccb4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc911 \uc5b4\ub290 \uc815\ub3c4 \ube44\uc911\uc744 \ub450\uace0 \uc9c4\uc785\ud560\uc9c0\ub97c \uacb0\uc815\ud558\ub294 \uacfc\uc815\uc774 \ud544\uc694\ud558\ub2e4\ub294 \uc598\uae30\uc785\ub2c8\ub2e4. \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774\ub77c\uace0 \ud574\uc11c \ubc18\ub4dc\uc2dc \uacf5\uaca9\uc801\uc778 \ud22c\uc790\ub9cc \uace0\uc9d1\ud560 \ud544\uc694\ub294 \uc5c6\uc2b5\ub2c8\ub2e4. \uc624\ud788\ub824 \uc77c\uc815 \ubd80\ubd84\uc758 \uc548\uc815\uc801\uc778 \uc790\uc0b0\uc744 \ubcf4\uc720\ud568\uc73c\ub85c\uc368 \uc2dc\uc7a5 \ucda9\uaca9\uc774 \uc654\uc744 \ub54c\ub3c4 \uc27d\uac8c \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc804\uccb4\uac00 \ubb34\ub108\uc9c0\uc9c0 \uc54a\ub3c4\ub85d \ud558\ub294 \uac83\uc774 \uc7a5\uae30\uc801\uc73c\ub85c \uc720\ub9ac\ud569\ub2c8\ub2e4. \ub9ce\uc740 \uc804\ubb38\uac00\ub4e4\uc740 \uc0ac\ud68c \ucd08\ub144\uc0dd\uc5d0\uac8c \u2018\uacf5\uaca9 7 : \uc218\ube44 3\u2019 \uc815\ub3c4\uc758 \uade0\ud615\uc744 \uad8c\uc7a5\ud558\uae30\ub3c4 \ud558\ub294\ub370, \uc774\ub294 \uacfc\uac70\uc758 \ub370\uc774\ud130\uc640 \uacbd\ud5d8\uc801 \ud1b5\uacc4\ub97c \uadfc\uac70\ub85c \ud55c \uac00\uc774\ub4dc\ub77c\uc778\uc77c \ubfd0, \uc2e4\uc81c\ub85c\ub294 \uac1c\uc778\uc758 \uc131\ud5a5\uacfc \uc0c1\ud669\uc5d0 \ub530\ub77c \ub2ec\ub77c\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc790\uc0b0 \ubc30\ubd84\uc744 \uccb4\uacc4\uc801\uc73c\ub85c \uc2dc\uc791\ud558\uae30 \uc704\ud574\uc11c\ub294, \uc6b0\uc120 \u2018\ub1cc\ub3d9\ub9e4\ub9e4(\ucda9\ub3d9 \ub9e4\ub9e4)\u2019\ub97c \ud53c\ud574\uc57c \ud569\ub2c8\ub2e4. \uc774\ub294 \uc2dc\uc7a5\uc774 \uac11\uc790\uae30 \uae09\ub4f1\ud558\uac70\ub098 \uae09\ub77d\ud560 \ub54c, \ud22c\uc790 \uc804\ub7b5 \uc5c6\uc774 \uac10\uc815\uc801\uc73c\ub85c \ub9e4\uc218 \ud639\uc740 \ub9e4\ub3c4\ub97c \uacb0\uc815\ud558\ub294 \uac83\uc744 \ub9d0\ud569\ub2c8\ub2e4. \uc774\ub807\uac8c \ud589\uc704\ub97c \ubc18\ubcf5\ud558\uba74 \uc5b8\uc81c\ub4e0\uc9c0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc758 \uade0\ud615\uc774 \ubb34\ub108\uc9c0\uace0, \uc7a5\uae30\uc801\uc73c\ub85c \uc790\uc0b0\uc744 \uc9c0\ud0a4\uae30\uac00 \ub9e4\uc6b0 \uc5b4\ub824\uc6cc\uc9d1\ub2c8\ub2e4. \ub530\ub77c\uc11c \ub9e4\uc6d4 \uc77c\uc815 \uae08\uc561\uc744 \uc790\ub3d9\uc801\uc73c\ub85c \ubd84\uc0b0 \ud22c\uc790\ud558\ub294 \u2018\uc790\ub3d9\uc774\uccb4\u2019 \ubc29\uc2dd\uc744 \ud65c\uc6a9\ud558\uac70\ub098, ETF\ub97c \ud1b5\ud55c \uac04\ud3b8 \ubd84\uc0b0 \ud22c\uc790 \ub4f1\uc744 \ud65c\uc6a9\ud574 \uccb4\uacc4\uc801\uc73c\ub85c \uc804\ub7b5\uc744 \uc138\uc6b0\ub294 \uc2b5\uad00\uc774 \uc911\uc694\ud569\ub2c8\ub2e4.<\/p>\n
\uc9c1\uc7a5\uc5d0 \ucc98\uc74c \ub4e4\uc5b4\uac00\uac8c \ub418\uba74, \ud1f4\uc9c1\uc5f0\uae08(DC\ud615 \ud639\uc740 IRP)\uc774\ub098 \uc8fc\ud0dd\uccad\uc57d\uc885\ud569\uc800\ucd95, \uc5f0\uae08\uc800\ucd95 \ub4f1 \ub2e4\uc591\ud55c \uae08\uc735 \uc0c1\ud488\uc744 \uc811\ud558\uac8c \ub429\ub2c8\ub2e4. \uc774 \ub54c\ub3c4 \uc790\uc0b0 \ubc30\ubd84\uc758 \uac1c\ub150\uc740 \ub3d9\uc77c\ud558\uac8c \uc801\uc6a9\ub429\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ud1f4\uc9c1\uc5f0\uae08 \uacc4\uc88c\uc5d0 \uc790\uc0b0\uc744 \ubc30\ubd84\ud560 \ub54c\uc5d0\ub3c4 \uc8fc\uc2dd\ud615 \ud380\ub4dc, \ucc44\uad8c\ud615 \ud380\ub4dc, \uc6d0\ub9ac\uae08 \ubcf4\uc7a5 \uc0c1\ud488 \ub4f1\uc744 \uc801\uc808\ud788 \uc11e\uc5b4 \ubcc0\ub3d9\uc131\uc744 \uc904\uc774\uace0 \uc7a5\uae30\uc801 \uc218\uc775\uc744 \ub178\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc0ac\ud68c \ucd08\ub144\uc0dd \uc2dc\uae30\ubd80\ud130 \uc774\ub7ec\ud55c \uc7a5\uae30 \ud22c\uc790\uc131\uc744 \uac16\ucd98 \uae08\uc735 \uc0c1\ud488\uc744 \ud604\uba85\ud558\uac8c \ud65c\uc6a9\ud55c\ub2e4\uba74, 10~20\ub144 \ud6c4 \ud070 \ucc28\uc774\ub97c \ub9cc\ub4e4\uc5b4\ub0bc \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uacb0\uad6d \uc790\uc0b0 \ubc30\ubd84\uc740 \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub97c \uc704\ud55c \ud575\uc2ec \ubb34\uae30\ub77c\uace0 \ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud558\ub098\uc758 \uc790\uc0b0\uc774 \ubd80\uc9c4\ud558\ub354\ub77c\ub3c4 \ub2e4\ub978 \uc790\uc0b0\uc774 \ubcf4\uc644\ud574\uc904 \uc218 \uc788\ub3c4\ub85d \uc124\uacc4\ud558\ub294 \uac83\uc774\uc8e0. \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774 \ucc98\uc74c\ubd80\ud130 \uc774 \uac1c\ub150\uc744 \uc219\uc9c0\ud558\uace0 \uc2e4\ucc9c\ud55c\ub2e4\uba74, \uc791\uc740 \uae08\uc561\uc73c\ub85c\ub3c4 \ud6a8\uc728\uc801\uc778 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uad6c\uc131\ud560 \uc218 \uc788\uac8c \ub429\ub2c8\ub2e4. \uc810\ucc28 \uc18c\ub4dd\uc774 \ub298\uc5b4\ub098 \uc790\uae08\uc744 \ucd94\uac00\ub85c \ud22c\uc790\ud558\uac8c \ub418\uba74, \uc774\ubbf8 \uad6c\ucd95\ud574\ub193\uc740 \ubc30\ubd84 \uc804\ub7b5 \uc704\uc5d0 \uc790\uc0b0\uc744 \u2018\ub367\uc50c\uc6b0\ub294\u2019 \ubc29\uc2dd\uc73c\ub85c \ubcc0\uacbd\ud574\ub098\uac08 \uc218 \uc788\uc5b4 \ube44\uad50\uc801 \uc548\uc815\uc801\uc785\ub2c8\ub2e4.<\/p>\n
\ud2b9\ud788 \ud55c\uad6d \uc2dc\uc7a5 \ud2b9\uc720\uc758 \ubd80\ub3d9\uc0b0 \uc120\ud638\ub3c4\ub294 \uace0\ub824\ud574\uc57c \ud569\ub2c8\ub2e4. \uc804\uc138 \uc81c\ub3c4\uc640 \uc0c1\ub300\uc801\uc73c\ub85c \ub192\uc740 \ubd80\ub3d9\uc0b0 \uac00\uaca9 \uc0c1\uc2b9\ub960 \ub54c\ubb38\uc5d0, \uc0ac\ud68c \ucd08\ub144\uc0dd\ub3c4 \uaddc\ubaa8\uac00 \ud070 \ub300\ucd9c\uc744 \ubc1b\uc544 \ubd80\ub3d9\uc0b0\uc5d0 \ud22c\uc790\ud558\ub294 \uc0ac\ub840\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \ucd5c\uadfc\ub4e4\uc5b4 \uae08\ub9ac \uc778\uc0c1 \uad6d\uba74\uc774 \uc774\uc5b4\uc9c0\uba74\uc11c \ubd80\ub3d9\uc0b0 \uac00\uaca9\uc774 \uc870\uc815\ub418\ub294 \uc9c0\uc5ed\uc774 \ub298\uc5b4\ub0ac\uace0, \ub9e4\uc785 \uc2dc\uae30\uc5d0 \ub530\ub978 \uc190\uc775 \uaca9\ucc28\uac00 \ucee4\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \uc9c0\ub098\uce58\uac8c \uacf5\uaca9\uc801\uc778 \ubd80\ub3d9\uc0b0 \ud22c\uc790\uc5d0 \uce58\uc6b0\uce58\uae30\ubcf4\ub2e4\ub294, \uc77c\uc815 \uc790\uae08\uc740 \uae08\uc735 \uc0c1\ud488\uc744 \ud65c\uc6a9\ud55c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub85c \ubd84\uc0b0\ud574\ub450\ub294 \uac83\uc774 \uc548\uc804\ud55c \uc804\ub7b5\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc774\ucc98\ub7fc \uae30\ucd08\uc801\uc778 \uc790\uc0b0 \ubc30\ubd84\uc758 \uac1c\ub150\uc744 \uc774\ud574\ud558\uace0 \uc2e4\ucc9c\ud558\ub294 \uac83\uc740 \ud22c\uc790 \uc5ec\uc815\uc758 \uccab\uac78\uc74c\uc785\ub2c8\ub2e4. \uc8fc\uc2dd\uc2dc\uc7a5\uc774\ub098 \uac00\uc0c1\uc790\uc0b0 \uc2dc\uc7a5\uc774 \ub2e8\uae30\uc801\uc73c\ub85c \ub9e4\ub825\uc801\uc73c\ub85c \ubcf4\uc774\ub354\ub77c\ub3c4, \uc5b8\uc81c\ub098 \uc790\uc2e0\uc758 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uac00 \uade0\ud615 \uc7a1\ud600 \uc788\ub294\uc9c0 \uc810\uac80\ud558\ub294 \uc2b5\uad00\uc744 \uae30\ub974\uc138\uc694. \uc774\uac83\uc774 \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774 \uc624\ub7ab\ub3d9\uc548 \uac74\uac15\ud55c \ud22c\uc790 \uc0dd\ud65c\uc744 \uc774\uc5b4\ub098\uac00\ub294 \ub370 \ud544\uc218\uc801\uc778 \ud1a0\ub300\uac00 \ub429\ub2c8\ub2e4.<\/p>\n
\uae30\ucd08 \uc790\uc0b0 \ubc30\ubd84\uc744 \uc774\ud574\ud588\ub2e4\uba74, \ub2e4\uc74c \ub2e8\uacc4\uc5d0\uc11c \uba85\ud655\ud55c \ud22c\uc790 \ubaa9\ud45c\ub97c \uc124\uc815\ud558\uace0 \uc774\uc5d0 \ub9de\ucd94\uc5b4 \ub9ac\uc2a4\ud06c \uad00\ub9ac \uc804\ub7b5\uc744 \uc138\uc6cc\uc57c \ud569\ub2c8\ub2e4. \ubaa9\ud45c \uc5c6\uc774 \ud22c\uc790\ub97c \uc2dc\uc791\ud558\uba74, \uc77c\uc2dc\uc801\uc778 \uc2dc\uc7a5 \ud638\uc7ac\ub098 \uc8fc\ubcc0 \uc0ac\ub78c\ub4e4\uc758 \ub9d0\uc5d0 \ud729\uc4f8\ub824 \uac10\uc815\uc801\uc73c\ub85c \ub9e4\ub9e4\ud558\uae30 \uc27d\uc2b5\ub2c8\ub2e4. \uc9c0\uae08 \ub2f9\uc7a5 \uc800\ucd95\uc744 \uc5b4\ub290 \uc815\ub3c4 \ud574\uc57c \ud558\ub294\uc9c0, 1\ub144 \ud6c4 \ud639\uc740 5\ub144 \ud6c4 \uc5b4\ub290 \uc815\ub3c4\uc758 \uc790\uc0b0\uc744 \uc6b4\uc6a9\ud558\uace0 \uc2f6\uc740\uc9c0 \uac19\uc740 \u2018\uc218\uce58\ud654\ub41c \ubaa9\ud45c\u2019\ub97c \uc138\uc6cc \ub450\uba74 \ud22c\uc790 \ubc29\ud5a5\uc744 \uc7a1\ub294 \ub370 \ud070 \ub3c4\uc6c0\uc774 \ub429\ub2c8\ub2e4.<\/p>\n
\uc608\ub97c \ub4e4\uc5b4, \uc0ac\ud68c \ucd08\ub144\uc0dd\uc778 A\uc528\uac00 3\ub144 \ud6c4\uc5d0 \ub300\ud559\uc6d0 \uc9c4\ud559\uc744 \ubaa9\ud45c\ub85c 2\ucc9c\ub9cc \uc6d0\uc758 \ud559\ube44\ub97c \ub9c8\ub828\ud574\uc57c \ud55c\ub2e4\uace0 \uac00\uc815\ud574 \ubd05\uc2dc\ub2e4. \uc774 \uacbd\uc6b0 A\uc528\ub294 \uc704\ud5d8\uc774 \ud070 \uc790\uc0b0\uc5d0 \uc804\ubd80 \ud22c\uc790\ud558\ub294 \uac83\uc740 \uc9c0\uc591\ud574\uc57c \ud569\ub2c8\ub2e4. \ud2b9\uc815 \uc2dc\uc810\uc5d0 \ubc18\ub4dc\uc2dc \ud544\uc694\ud55c \uc790\uae08\uc774\ub77c\uba74, \uadf8\uc5d0 \ub530\ub77c \uc704\ud5d8\ub3c4\uac00 \ub0ae\uc740 \ucc44\uad8c\ud615\ud380\ub4dc\ub098 \uc608\uc801\uae08 \ud615\ud0dc\ub85c \uc77c\uc815 \uae08\uc561\uc744 \ubb36\uc5b4\ub450\uc5b4\uc57c \ud569\ub2c8\ub2e4. \ubc18\uba74, 10\ub144 \uc774\uc0c1\uc758 \uc7a5\uae30 \ud22c\uc790\ub97c \uc5fc\ub450\uc5d0 \ub450\uace0 \uc788\ub2e4\uba74, \ub2e8\uae30\uc801\uc778 \uc2dc\uc7a5 \ubcc0\ub3d9\uc5d0 \ud754\ub4e4\ub9ac\uc9c0 \uc54a\uace0 \uc131\uc7a5 \uac00\ub2a5\uc131\uc774 \ub192\uc740 \uc8fc\uc2dd\uc774\ub098 ETF \ube44\uc911\uc744 \ub354 \ub192\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\ub9ac\uc2a4\ud06c \uad00\ub9ac \uce21\uba74\uc5d0\uc11c\ub294 \ubcc0\ub3d9\uc131(volatility)\uacfc \uc2ec\ub9ac\uc801 \ubd80\ub2f4\uc744 \ud568\uaed8 \uace0\ub824\ud574\uc57c \ud569\ub2c8\ub2e4. \ub9ce\uc740 \ucd08\ubcf4 \ud22c\uc790\uc790\ub4e4\uc774 \uacaa\ub294 \ubb38\uc81c \uc911 \ud558\ub098\ub294, \ud55c\ub450 \ubc88\uc758 \uae09\ub77d\uc744 \uacbd\ud5d8\ud55c \ub4a4 \uacf5\ud3ec\uc5d0 \uc9c8\ub824 \ub9e4\ub3c4\ub97c \ud574\ubc84\ub9ac\uace0, \uc774\ud6c4 \uc2dc\uc7a5\uc774 \ubc18\ub4f1\ud588\uc744 \ub54c \uc774\uc775\uc744 \ub0b4\uc9c0 \ubabb\ud558\ub294 \uc2dc\ub098\ub9ac\uc624\uc785\ub2c8\ub2e4. \uc774\ub294 \ubaa9\ud45c \uc124\uc815\uc774 \ubd88\ubd84\uba85\ud558\uace0, \ub9ac\uc2a4\ud06c \uac10\ub0b4 \ud55c\ub3c4\ub97c \ubbf8\ub9ac \uc0dd\uac01\ud558\uc9c0 \uc54a\uc558\uae30 \ub54c\ubb38\uc5d0 \ubc1c\uc0dd\ud569\ub2c8\ub2e4. \uc804\ubb38\uac00\ub4e4\uc740 \u201c\ud22c\uc790 \uae08\uc561 \uc911 \uc77c\ubd80 \ud639\uc740 \uc804\ubd80\ub97c \uc783\uc5b4\ub3c4 \uc0dd\ud65c\uc774 \uc9c0\uc18d \uac00\ub2a5\ud55c \uc218\uc900\uc744 \ub118\uc5b4\uc11c\uc9c0 \ub9d0\ub77c\u201d\uace0 \uc870\uc5b8\ud569\ub2c8\ub2e4.<\/p>\n
\uc0ac\ud68c \ucd08\ub144\uc0dd\uc774 \ucc98\uc74c\ubd80\ud130 \ud070\ub3c8\uc744 \ubaa8\uc73c\uae30\ub294 \uc27d\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uc6d4\uae09\uc758 \uc77c\ubd80\ub97c \uc800\ucd95\ud558\uace0 \ub0a8\uc740 \uae08\uc561\uc744 \ud22c\uc790\ud55c\ub2e4\uace0 \ud574\ub3c4 \uae08\uc561\uc774 \ud06c\uc9c0 \uc54a\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uc774 \ub2e8\uacc4\uc5d0\uc11c\ubd80\ud130 \uccb4\uacc4\uc801\uc778 \ubaa9\ud45c\uc640 \uc704\ud5d8 \uad00\ub9ac\ub97c \uc5f0\uc2b5\ud558\uace0 \uc2b5\uad00\ud654\ud574\uc57c, \ub098\uc911\uc5d0 \ubaa9\ub3c8\uc774 \uc0dd\uacbc\uc744 \ub54c\ub3c4 \uac19\uc740 \uc6d0\ub9ac\ub97c \uc801\uc6a9\ud574 \ud6e8\uc52c \uc548\uc815\uc801\uc778 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc6b4\uc601\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc2e4\uc81c\ub85c \uae08\uc735\uac10\ub3c5\uc6d0\uc758 \ud22c\uc790\uc790 \uc131\ud5a5 \uc870\uc0ac \uc5f0\uad6c \uc0ac\ub840\ub97c \ubcf4\uba74, \ucd08\uae30\uc5d0 \uc18c\uc561\uc774\uc9c0\ub9cc \ubd84\uc0b0 \ud22c\uc790\ub97c \uc2b5\uad00\ud654\ud55c \ud22c\uc790\uc790\ub4e4\uc774 5\ub144\uc5d0\uc11c 10\ub144 \ud6c4\uc5d0 \ub354 \ub192\uc740 \ud22c\uc790 \ub9cc\uc871\ub3c4\ub97c \ubcf4\uc774\ub294 \uacbd\ud5a5\uc774 \uc788\uc5c8\uc2b5\ub2c8\ub2e4.<\/p>\n
\ub9ac\uc2a4\ud06c \uce21\uba74\uc5d0\uc11c \uace0\ub824\ud574\uc57c \ud560 \ub610 \ub2e4\ub978 \uc810\uc740 \u2018\uc778\ud50c\ub808\uc774\uc158 \ub9ac\uc2a4\ud06c\u2019\uc785\ub2c8\ub2e4. \ucd5c\uadfc \uba87 \ub144 \uac04 \uae00\ub85c\ubc8c \uacbd\uc81c\ub294 \ucf54\ub85c\ub09819 \ucda9\uaca9\uacfc \uacf5\uae09\ub9dd \ud63c\ub780, \uc6d0\uc790\uc7ac \uac00\uaca9 \uc0c1\uc2b9 \ub4f1\uc73c\ub85c \uc778\ud574 \uc778\ud50c\ub808\uc774\uc158 \uc555\ub825\uc774 \ub192\uc544\uc84c\uc2b5\ub2c8\ub2e4. \ud55c\uad6d\uc740\ud589 \ubc1c\ud45c \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 2022\ub144 \uad6d\ub0b4 \uc18c\ube44\uc790\ubb3c\uac00\uc9c0\uc218(CPI)\uac00 \uc804\ub144 \ub300\ube44 5% \uc774\uc0c1 \uc0c1\uc2b9\ud558\ub294 \ub4f1, \uc774\uc804\uc5d0 \ube44\ud574 \ub192\uc740 \uc778\ud50c\ub808\uc774\uc158 \uc0c1\ud669\uc774 \uc9c0\uc18d\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c \uc800\ucd95\ub9cc \uace0\uc9d1\ud558\uac8c \ub418\uba74 \uc2e4\uc9c8 \uad6c\ub9e4\ub825\uc774 \uac08\uc218\ub85d \ub5a8\uc5b4\uc838, \uacb0\uacfc\uc801\uc73c\ub85c \uc790\uc0b0 \uac00\uce58\uac00 \ucd95\uc18c\ub418\ub294 \uacb0\uacfc\ub97c \ubd88\ub7ec\uc62c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \uc608\uc801\uae08 \uc678\uc5d0\ub3c4 \uc77c\uc815 \ubd80\ubd84 \uc131\uc7a5\ud615 \ud22c\uc790 \uc0c1\ud488\uc744 \ud65c\uc6a9\ud574\uc57c \uc778\ud50c\ub808\uc774\uc158\uc744 \uc77c\uc815 \ubd80\ubd84 \uc0c1\uc1c4\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\ubaa9\ud45c \uc124\uc815 \uc2dc\uc5d0\ub294 \ub2e8\uc21c\ud788 \u2018\uc5b8\uc820\uac00\ub294 \uc9d1\uc744 \uc0ac\uace0 \uc2f6\ub2e4\u2019 \uc815\ub3c4\uac00 \uc544\ub2c8\ub77c, \u201830\ub300 \uc911\ubc18\uc5d0 \uc804\uc138 \ub300\uc2e0 \ub0b4 \uc9d1 \ub9c8\ub828\uc744 \ud558\uaca0\ub2e4\u2019\ucc98\ub7fc \uad6c\uccb4\uc801\uc778 \uae30\uac04\uacfc \uae08\uc561 \ubaa9\ud45c\ub97c \uc218\ub9bd\ud558\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4. \uadf8\ub9ac\uace0 \uadf8 \ubaa9\ud45c\ub97c \ub2ec\uc131\ud558\uae30 \uc704\ud574 \uc5bc\ub9c8\ub098\uc758 \ud22c\uc790 \uc218\uc775\ub960\uc774 \ud544\uc694\ud55c\uc9c0 \uacc4\uc0b0\ud574\ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uac00\ub839 \uc5f0 5%\uc758 \ubcf5\ub9ac \uc774\uc790\ub97c \uae30\ub300\ud55c\ub2e4\uace0 \ud560 \ub54c, 5\ub144 \ud6c4 \uae08\uc561\uc774 \uc5bc\ub9c8\ub098 \ub420\uc9c0\ub97c \uc2dc\ubbac\ub808\uc774\uc158\ud574\ubcf4\ub294 \uac83\uc774\uc8e0. \uc774\ub294 \ub9c9\uc5f0\ud55c \ubc14\ub78c\uc744 \ud604\uc2e4\uc801\uc778 \uacc4\ud68d\uc73c\ub85c \ubc14\uafb8\ub294 \uc911\uc694\ud55c \uacfc\uc815\uc785\ub2c8\ub2e4.<\/p>\n
\ud22c\uc790 \ubaa9\ud45c\ub97c \uc124\uc815\ud588\ub2e4\uba74, \uadf8 \ubaa9\ud45c\uc5d0 \ub9de\ucd9c \uc218 \uc788\ub294 \ud22c\uc790 \uc0c1\ud488\uacfc \ube44\uc911\uc744 \uc7ac\uc870\uc815\ud574\uc57c \ud569\ub2c8\ub2e4. \ubaa9\ud45c\uac00 1\ub144 \uc774\ub0b4\uc758 \ub2e8\uae30\ub77c\uba74 \uc608\uc801\uae08\uc774\ub098 \ucc44\uad8c\ud615 \uc790\uc0b0\uc758 \ube44\uc911\uc744 \ud06c\uac8c \ub46c\uc57c \ud558\uace0, 3~5\ub144 \uc815\ub3c4\ub77c\uba74 \uc8fc\uc2dd\uc774\ub098 \ud380\ub4dc\ub97c \uc5b4\ub290 \uc815\ub3c4 \ud65c\uc6a9\ud560 \uc218 \uc788\uc73c\uba70, 10\ub144 \uc774\uc0c1\uc758 \uc7a5\uae30 \ubaa9\ud45c\ub77c\uba74 \ubd80\ub3d9\uc0b0 \ub9ac\uce20\ub098 \uae00\ub85c\ubc8c ETF \ub4f1 \uc911\uc7a5\uae30\uc801\uc73c\ub85c \uc131\uc7a5 \uac00\ub2a5\uc131\uc774 \ud48d\ubd80\ud55c \uc601\uc5ed\uc744 \ud0d0\uc0c9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubb3c\ub860 \ubaa8\ub4e0 \uae30\uac04\uc5d0\uc11c \uc804\uc561\uc744 \ub2e8\uc77c \uc790\uc0b0\uc5d0 \uc62c\uc778\ud558\ub294 \uac83\uc740 \uc9c0\uc591\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n
\uc0ac\ud68c \ucd08\ub144\uc0dd\ub4e4\uc758 \ub77c\uc774\ud504\uc2a4\ud0c0\uc77c\uc774\ub098 \ubbf8\ub798 \uacc4\ud68d\uc740 \ub9e4\uc6b0 \ub2e4\uc591\ud569\ub2c8\ub2e4. \uc77c\ubd80\ub294 \ube60\ub974\uac8c \uacb0\ud63c\uc744 \uacc4\ud68d\ud558\uae30\ub3c4 \ud558\uace0, \ud574\uc678\ub85c \uc720\ud559\uc744 \ub5a0\ub098\uac70\ub098 \uc2a4\ud0c0\ud2b8\uc5c5 \ucc3d\uc5c5\uc744 \uc900\ube44\ud558\uae30\ub3c4 \ud569\ub2c8\ub2e4. \ub530\ub77c\uc11c \ud22c\uc790 \ubaa9\ud45c\ub3c4 \uc774\uc5d0 \ub9de\ucdb0 \ub2ec\ub77c\uc838\uc57c \ud569\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, 2\ub144 \ub4a4\uc5d0 \ucc3d\uc5c5\uc744 \uc900\ube44\ud558\ub294 \uc0ac\ub78c\uc774\ub77c\uba74 \ucd08\uae30 \uc790\ubcf8\uae08\uc774 \ud544\uc694\ud558\ub2c8, \ub108\ubb34 \ub192\uc740 \ubcc0\ub3d9\uc131\uc744 \uac00\uc9c4 \uc790\uc0b0\uc5d0 \ud070 \ube44\uc911\uc744 \ub450\ub294 \uac83\uc740 \ub9ac\uc2a4\ud06c\uac00 \ud07d\ub2c8\ub2e4. \ubc18\uba74, \uacb0\ud63c \ud639\uc740 \uc720\ud559\uc774 \ub2e8\uae30\uac04\uc5d0 \uacb0\uc815\ub418\uc9c0 \uc54a\uc558\ub2e4\uba74 \uc0c1\ub300\uc801\uc73c\ub85c \uc5ec\uc720\ub86d\uac8c \uc7a5\uae30 \ud22c\uc790\ub97c \ubaa8\uc0c9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\ubaa9\ud45c\ub97c \uc124\uc815\ud588\uc74c\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc740 \uc5b8\uc81c\ub098 \uc608\uce21 \ubd88\uac00\ub2a5\ud569\ub2c8\ub2e4. \uc804 \uc138\uacc4 \uacbd\uae30\ub97c \ub4a4\ud754\ub4dc\ub294 \uc0ac\uac74(\uc608: \uac10\uc5fc\ubcd1 \uc720\ud589, \uc804\uc7c1, \uc8fc\uc694\uad6d \ud1b5\ud654\uc815\ucc45 \ubcc0\ud654 \ub4f1)\uc774 \ud130\uc9c8 \ub54c\ub9c8\ub2e4 \uc8fc\uc2dd \uc2dc\uc7a5\uc774 \ud718\uccad\uc774\uace0, \uc548\uc804 \uc790\uc0b0\uc73c\ub85c \uc5ec\uaca8\uc9c0\ub358 \ucc44\uad8c\ub9c8\uc800 \ud06c\uac8c \ud558\ub77d\ud558\ub294 \uacbd\uc6b0\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \uc0c1\ud669\uc5d0\uc11c \uc0ac\ud68c \ucd08\ub144\uc0dd \ud22c\uc790\uc790\uac00 \ud560 \uc218 \uc788\ub294 \ucd5c\uc120\uc758 \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub294 \u2018\uacc4\ud68d\uc5d0 \ub530\ub77c \ubd84\uc0b0\ub41c \uc790\uc0b0\uc744 \uafb8\uc900\ud788 \uc720\uc9c0\ud558\uace0, \uc7a5\uae30\uc801\uc778 \uc548\ubaa9\uc5d0\uc11c \uc2dc\uc7a5\uc744 \ubc14\ub77c\ubcf4\uba70, \ud544\uc694 \uc774\uc0c1\uc758 \ub808\ubc84\ub9ac\uc9c0\ub97c \ud53c\ud558\ub294 \uac83\u2019\uc785\ub2c8\ub2e4. \ub610\ud55c \uc704\uae30 \uc0c1\ud669\uc5d0\uc11c\ub3c4 \ub2f9\uc7a5 \ud544\uc694\ud55c \uc0dd\ud65c\ube44\ub098 \ub2e8\uae30 \uc790\uae08\uc774 \uc548\uc804\ud558\uac8c \ud655\ubcf4\ub418\uc5b4 \uc788\uc5b4\uc57c \uae09\ud788 \ud22c\uc790\ub97c \uccad\uc0b0\ud558\ub294 \ucd5c\uc545\uc758 \uc2dc\ub098\ub9ac\uc624\ub97c \ud53c\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\ucd5c\uadfc\uc5d0\ub294 \ud50c\ub7ab\ud3fc\uc744 \ud1b5\ud574 \uc18c\uc561\uc73c\ub85c \ub2e4\uc591\ud55c \uc790\uc0b0\uc5d0 \uc27d\uac8c \uc811\uadfc\ud560 \uc218 \uc788\uac8c \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ud574\uc678 \uc8fc\uc2dd\ub3c4 \uc18c\uc218\uc810 \ub9e4\ub9e4\uac00 \uac00\ub2a5\ud574\uc9c0\uace0, \uac00\uc0c1\uc790\uc0b0\uc5d0 \ub300\ud55c \uad00\uc2ec\ub3c4 \uc99d\uac00\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \ub54c\ub3c4 \ub9ac\uc2a4\ud06c\ub294 \ubd84\uba85\ud788 \uc874\uc7ac\ud558\ubbc0\ub85c, \ub108\ubb34 \ub2e8\uae30\uac04\uc758 \ud070 \uc218\uc775\uc744 \ub178\ub9ac\uace0 \ubaa8\ub4e0 \uc790\uc0b0\uc744 \uc3df\uc544\ubd93\ub294 \uc77c\uc774 \uc5c6\ub3c4\ub85d \uac01\ubcc4\ud788 \uc8fc\uc758\ud574\uc57c \ud569\ub2c8\ub2e4. \uc548\uc815\uc131\uacfc \uc131\uc7a5\uc131\uc744 \uace0\ub824\ud55c \uc790\uc0b0 \ubc30\ubd84 \uc6d0\uce59\uc744 \uc9c0\ud0a4\uba74\uc11c, \ubd84\ud560 \ub9e4\uc218 \ud639\uc740 \ubd84\uae30\ubcc4 \uc810\uac80 \ub4f1\uc744 \ud1b5\ud574 \uc190\uc2e4\uc744 \ucd5c\uc18c\ud654\ud558\ub294 \uc790\uc138\uac00 \ud544\uc694\ud569\ub2c8\ub2e4.<\/p>\n
\uacb0\uad6d \ud22c\uc790 \ubaa9\ud45c \uc124\uc815\uacfc \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub294 \uc11c\ub85c \ub5c4 \uc218 \uc5c6\ub294 \uad00\uacc4\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \ubaa9\ud45c\uac00 \uc788\ub2e4\uba74 \ub9ac\uc2a4\ud06c \ud55c\ub3c4 \ub610\ud55c \uc790\uc5f0\uc2a4\ub7fd\uac8c \uc124\uc815\ub418\uba70, \uc774\ub97c \uae30\ubc18\uc73c\ub85c \uc804\ub7b5\uc801\uc778 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad6c\uc131\uacfc \uc9c0\uc18d\uc801\uc778 \ubaa8\ub2c8\ud130\ub9c1\uc774 \uac00\ub2a5\ud574\uc9d1\ub2c8\ub2e4. \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774 \uc0b6\uc758 \uc5ec\ub7ec \uac08\ub9bc\uae38\uc5d0\uc11c \ud754\ub4e4\ub9ac\uc9c0 \uc54a\uace0 \uafb8\uc900\ud788 \uc790\uc0b0\uc744 \ud0a4\uc6cc\ub098\uac00\ub824\uba74, \ubc14\ub85c \uc774 \ub2e8\uacc4\uc5d0\uc11c\uc758 \ucca0\uc800\ud55c \uc900\ube44\uac00 \uadf8 \uc5b4\ub290 \ub54c\ubcf4\ub2e4 \uc911\uc694\ud569\ub2c8\ub2e4.<\/p>\n
\ud22c\uc790\ub97c \ud1b5\ud574 \uac11\uc790\uae30 \ud070 \ubd80\ub97c \uc5bb\uc740 \uc0ac\ub78c\ub4e4\uc758 \uc774\uc57c\uae30\ub294 \uc5b8\ub860\uc774\ub098 SNS\uc5d0\uc11c \uc790\uc8fc \ud68c\uc790\ub418\uc9c0\ub9cc, \uc2e4\uc81c\ub85c\ub294 \uc624\ub79c \uc2dc\uac04\uc758 \uafb8\uc900\ud55c \ud22c\uc790\uc640 \uc801\uc808\ud55c \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub97c \ud1b5\ud574 \uc790\uc0b0\uc744 \ud615\uc131\ud558\ub294 \uacbd\uc6b0\uac00 \ud6e8\uc52c \ub354 \ub9ce\uc2b5\ub2c8\ub2e4. \uc790\uc2e0\uc5d0\uac8c \ub9de\ub294 \ubaa9\ud45c\uc640 \uc804\ub7b5\uc744 \uc138\uc6b0\uace0, \uc774\ub97c \ud754\ub4e4\ub9ac\uc9c0 \uc54a\uace0 \uc2e4\ud589\ud574\ub098\uac00\ub294 \uacfc\uc815\uc774\uc57c\ub9d0\ub85c \uc0ac\ud68c \ucd08\ub144\uc0dd\uc5d0\uac8c \ud544\uc694\ud55c \ud575\uc2ec \uc5ed\ub7c9\uc774\ub77c \ud558\uaca0\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc790\uc0b0 \ubc30\ubd84\uc744 \ubc30\uc6b0\uace0 \ud22c\uc790 \ubaa9\ud45c\uc640 \ub9ac\uc2a4\ud06c \uad00\ub9ac \uc804\ub7b5\uc744 \uc138\uc6e0\ub2e4\uba74, \uc774\uc81c \uad6c\uccb4\uc801\uc73c\ub85c \uc5b4\ub5a4 \uc0c1\ud488\uc744 \uc120\ud0dd\ud560\uc9c0 \uc54c\uc544\ubcfc \ucc28\ub840\uc785\ub2c8\ub2e4. \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774\ub77c\uba74 \ub9ce\uc740 \uacbd\uc6b0, \ucd08\uae30 \uc790\ubcf8\uc774 \uadf8\ub9ac \ud06c\uc9c0 \uc54a\uae30 \ub54c\ubb38\uc5d0 \uc801\uae08\uc774\ub098 \ud380\ub4dc \ub4f1\uc73c\ub85c \uc2dc\uc791\ud558\ub294 \uacbd\uc6b0\uac00 \uc77c\ubc18\uc801\uc785\ub2c8\ub2e4. \ucd5c\uadfc\uc5d0\ub294 \ubaa8\ubc14\uc77c \uc571\uc744 \ud1b5\ud574 \uac04\ub2e8\ud788 ETF\ub098 \ud574\uc678 \uc8fc\uc2dd\uc5d0\ub3c4 \uc811\uadfc\ud560 \uc218 \uc788\uc5b4, \uc608\uc804\ubcf4\ub2e4 \ud6e8\uc52c \ub2e4\uc591\ud558\uac8c \ubd84\uc0b0 \ud22c\uc790\ub97c \uc2e4\ucc9c\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uccab \ubc88\uc9f8\ub85c \uace0\ub824\ud560 \uc218 \uc788\ub294 \uc0c1\ud488\uc740 \uc5ed\uc2dc \uc608\uc801\uae08\uc785\ub2c8\ub2e4. \uc608\uc801\uae08\uc740 \uc6d0\uae08\uc774 \ubcf4\uc7a5\ub418\uace0 \uc774\uc790\ub97c \ud655\uc815\uc801\uc73c\ub85c \ubc1b\uc744 \uc218 \uc788\uc5b4 \uc2ec\ub9ac\uc801\uc73c\ub85c \uc548\uc815\uac10\uc774 \ud07d\ub2c8\ub2e4. \ubb3c\ub860 \ucd5c\uadfc \uae08\ub9ac\ub294 2022\ub144 \uae30\uc900 \ub192\uc544\uc84c\uc9c0\ub9cc, \uc5ec\uc804\ud788 \uc778\ud50c\ub808\uc774\uc158\uc5d0 \ubbf8\uce58\uc9c0 \ubabb\ud560 \ub54c\uac00 \ub9ce\uc544 \uc2e4\uc9c8 \uc218\uc775\ub960\uc740 \ub0ae\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub798\ub3c4 \ub2e8\uae30 \uc790\uae08\uc774 \ud544\uc694\ud55c \uc0c1\ud669\uc774 \uc0dd\uae38\uc9c0 \ubaa8\ub974\ub294 \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774\ub77c\uba74, \ube44\uc0c1\uae08 \uc6a9\ub3c4\ub85c \uc608\uc801\uae08\uc744 \uc5b4\ub290 \uc815\ub3c4 \ud3ec\ud568\uc2dc\ud0a4\ub294 \uac83\uc774 \ubc14\ub78c\uc9c1\ud569\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc6d4\uae09\uc758 20~30% \uc815\ub3c4\ub97c \uc801\uae08\uc73c\ub85c \ub3cc\ub824\uc11c \uc0dd\ud65c \uc790\uae08\uc744 \ud655\ubcf4\ud558\uace0, \ub098\uba38\uc9c0\ub97c \ud22c\uc790\uc5d0 \uc0ac\uc6a9\ud574\ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\ub2e4\uc74c\uc73c\ub85c \uc54c\uc544\ubcfc \uc0c1\ud488\uad70\uc740 \uc8fc\uc2dd\uacfc \ud380\ub4dc(\ud2b9\ud788 ETF)\uc785\ub2c8\ub2e4. \uc8fc\uc2dd\uc740 \uc9c1\uc811 \uae30\uc5c5\uc758 \uac00\uce58\ub97c \ubd84\uc11d\ud558\uac70\ub098 \uc2dc\uc7a5 \ud750\ub984\uc744 \uc77d\uc5b4 \ud22c\uc790\ud560 \uc218 \uc788\uc5b4, \uafb8\uc900\ud788 \uacf5\ubd80\ud55c\ub2e4\uba74 \uc7a5\uae30\uc801\uc73c\ub85c \ub192\uc740 \uc218\uc775\ub960\uc744 \uae30\ub300\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \uac1c\ubcc4 \uc885\ubaa9 \ud22c\uc790\uc5d0\ub294 \uc704\ud5d8\uc774 \ub530\ub974\ubbc0\ub85c, \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774\ub77c\uba74 ETF\ub97c \uba3c\uc800 \uace0\ub824\ud574\ubcf4\ub294 \uac83\ub3c4 \uc88b\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \u2018KOSPI200 ETF\u2019\ub294 \ud55c\uad6d\uc744 \ub300\ud45c\ud558\ub294 200\uac1c \uc885\ubaa9\uc5d0 \ubd84\uc0b0 \ud22c\uc790\ud558\ubbc0\ub85c, \uac1c\ubcc4 \uc885\ubaa9\ubcf4\ub2e4 \ubcc0\ub3d9\uc131\uc774 \ub0ae\uace0 \uc2dc\uc7a5 \uc804\uccb4\uc758 \ud750\ub984\uc744 \ube44\uad50\uc801 \ucda9\uc2e4\ud558\uac8c \ubc18\uc601\ud569\ub2c8\ub2e4. \ub610\ud55c \ubbf8\uad6d S&P500 ETF, \ub098\uc2a4\ub2e5100 ETF \ub4f1 \ud574\uc678 \uc9c0\uc218\ub97c \ucd94\uc885\ud558\ub294 \uc0c1\ud488\uc5d0 \ud22c\uc790\ub97c \ubcd1\ud589\ud574 \uae00\ub85c\ubc8c \ubd84\uc0b0 \ud6a8\uacfc\ub97c \ub178\ub9b4 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\ucd5c\uadfc \uba87 \ub144 \uac04 MZ\uc138\ub300\ub97c \uc911\uc2ec\uc73c\ub85c \ube60\ub974\uac8c \uc8fc\ubaa9\ubc1b\uc740 \uc790\uc0b0 \uc911 \ud558\ub098\uac00 \uac00\uc0c1\uc790\uc0b0(\uc554\ud638\ud654\ud3d0)\uc785\ub2c8\ub2e4. \ube44\ud2b8\ucf54\uc778\uc744 \ube44\ub86f\ud55c \uc5ec\ub7ec \uc54c\ud2b8\ucf54\uc778\uc740 \ub192\uc740 \ubcc0\ub3d9\uc131\uacfc \uc7a0\uc7ac\uc801 \uc218\uc775\ub960\ub85c \uc778\ud574 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \ub9e4\ub825\uc801\uc778 \uc120\ud0dd\uc9c0\ub85c \ubd80\uc0c1\ud588\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc, \uc774 \uc2dc\uc7a5\uc740 \uaddc\uc81c\ub098 \uc81c\ub3c4\uc801 \uc7a5\uce58\uac00 \uc8fc\uc2dd\uc2dc\uc7a5\ub9cc\ud07c \uc644\ube44\ub418\uc9c0 \uc54a\uc558\uc73c\uba70, \uc2dc\uc7a5 \ucc38\uc5ec\uc790\ub4e4\uc758 \uc2ec\ub9ac\uc5d0 \uc758\ud574 \ub2e8\uae30\uac04\uc5d0 \uadf9\ub2e8\uc801 \ubcc0\ub3d9\uc744 \ubcf4\uc77c \uc218 \uc788\uae30 \ub54c\ubb38\uc5d0 \uc704\ud5d8\ub3c4\uac00 \ub192\uc2b5\ub2c8\ub2e4. 2021\ub144 \ub9d0\uc5d0\uc11c 2022\ub144 \ucd08 \uc0ac\uc774\uc5d0 \uc554\ud638\ud654\ud3d0 \uac00\uaca9\uc774 \uae09\ub77d\ud558\uba74\uc11c \ub9ce\uc740 \uc774\ub4e4\uc774 \uc190\uc2e4\uc744 \ubcf8 \uc0ac\ub840\ub294, \ud2b9\ud788 \uc0ac\ud68c \ucd08\ub144\uc0dd\ub4e4\uc5d0\uac8c \u2018\uc804 \uc7ac\uc0b0 \uc62c\uc778\u2019\uc774 \uc5bc\ub9c8\ub098 \uc704\ud5d8\ud55c\uc9c0\ub97c \ubc29\uc99d\ud569\ub2c8\ub2e4. \uac00\uc0c1\uc790\uc0b0 \ud22c\uc790\ub3c4 \ubd84\uc0b0 \ud22c\uc790 \uc6d0\uce59\uc744 \uc9c0\ud0a4\uba74\uc11c, \uc804\uccb4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc911 \uc77c\uc815 \ubd80\ubd84\ub9cc \ud560\ub2f9\ud558\ub294 \uc2dd\uc73c\ub85c \uc811\uadfc\ud558\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4.<\/p>\n
\ucc44\uad8c\uc774\ub098 \ucc44\uad8c\ud615 \ud380\ub4dc \uc5ed\uc2dc \uc8fc\ubaa9\ud560 \ub9cc\ud569\ub2c8\ub2e4. \ucc44\uad8c\uc740 \uae30\uc5c5 \ud639\uc740 \uc815\ubd80\uc5d0 \ub3c8\uc744 \ube4c\ub824\uc8fc\uace0 \uc57d\uc18d\ub41c \uc774\uc790\ub97c \ubc1b\ub294 \ud615\ud0dc\uc774\ubbc0\ub85c, \uc77c\ubc18\uc801\uc73c\ub85c \uc8fc\uc2dd\uc5d0 \ube44\ud574 \uac00\uaca9 \ubcc0\ub3d9\uc774 \ub0ae\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 2022\ub144 \uc774\ud6c4 \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\ub97c \ube44\ub86f\ud55c \uc8fc\uc694 \uad6d\uac00\ub4e4\uc774 \uae08\ub9ac\ub97c \uc62c\ub9ac\uba74\uc11c \ucc44\uad8c \uae08\ub9ac\ub3c4 \uc0c1\uc2b9 \ucd94\uc138\ub97c \ubcf4\uc600\ub294\ub370, \uc774\ub294 \uc7a5\uae30\uc801\uc73c\ub85c \ubcf4\uba74 \ucc44\uad8c \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc0c8\ub85c\uc6b4 \uae30\ud68c\uac00 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubb3c\ub860 \uae08\ub9ac\uac00 \uc624\ub974\uba74 \uae30\uc874 \ucc44\uad8c \uac00\uaca9\uc740 \ud558\ub77d\ud558\uae30\ub3c4 \ud558\ubbc0\ub85c, \uc801\uc808\ud55c \ub9cc\uae30\uc640 \uc218\uc775\ub960\uc744 \uace0\ub824\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n
\ubd80\ub3d9\uc0b0 \ub9ac\uce20(REITs) \ub610\ud55c \uc0ac\ud68c \ucd08\ub144\uc0dd\uc5d0\uac8c \uac01\uad11\ubc1b\ub294 \ud22c\uc790\ucc98 \uc911 \ud558\ub098\uc785\ub2c8\ub2e4. \uc9c1\uc811 \uac70\uc561\uc744 \ub4e4\uc5ec \ubd80\ub3d9\uc0b0\uc744 \ub9e4\uc785\ud560 \ud544\uc694 \uc5c6\uc774, \ubd80\ub3d9\uc0b0 \uac1c\ubc1c \ubc0f \uc784\ub300 \uc218\uc775\uc744 \ubc30\ub2f9 \ud615\ud0dc\ub85c \ubc1b\uc744 \uc218 \uc788\ub294 \uad6c\uc870\uc774\uae30 \ub54c\ubb38\uc5d0 \uc18c\uc561 \ud22c\uc790\uc790\ub3c4 \uc811\uadfc\uc774 \uac00\ub2a5\ud569\ub2c8\ub2e4. \ub2e4\ub9cc \ubd80\ub3d9\uc0b0 \uc2dc\uc7a5 \uc790\uccb4\uac00 \uc804\ubc18\uc801\uc778 \uae08\ub9ac\ub098 \uacbd\uae30 \uc0ac\uc774\ud074\uc758 \uc601\ud5a5\uc744 \ud06c\uac8c \ubc1b\uc73c\ubbc0\ub85c, \ub9ac\uce20 \uc0c1\ud488\uc758 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc131\uaca9(\uc624\ud53c\uc2a4, \ubb3c\ub958\uc13c\ud130, \ub9ac\ud14c\uc77c \ub4f1)\uc744 \uc0b4\ud3b4\ubcf4\uace0 \uc801\uc815 \ub9e4\uc218\uac00\ub97c \ud30c\uc545\ud55c \ub4a4 \ud22c\uc790\ud558\ub294 \uac83\uc774 \ud544\uc694\ud569\ub2c8\ub2e4.<\/p>\n
\uac00\ub054 \uc0ac\ud68c \ucd08\ub144\uc0dd\ub4e4\uc758 \ud22c\uc790 \uc2e4\ud328 \uc0ac\ub840\ub85c \uc5b8\uae09\ub418\ub294 \uac83\uc774 \u2018 \ud30c\uc0dd\uc0c1\ud488(\uc120\ubb3c, \uc635\uc158) \u2019\uc5d0 \ub300\ud55c \ubb34\ub9ac\ud55c \ud22c\uc790\uc785\ub2c8\ub2e4. \ud30c\uc0dd\uc0c1\ud488\uc740 \ub808\ubc84\ub9ac\uc9c0 \ud6a8\uacfc\uac00 \ud06c\uace0 \ubcc0\ub3d9\uc131\ub3c4 \ub192\uc544, \uc798 \ud65c\uc6a9\ud558\uba74 \ud070 \uc774\uc775\uc744 \ub0bc \uc218 \uc788\uc9c0\ub9cc \ubc18\ub300\ub85c \ud070 \uc190\uc2e4\uc744 \ubcfc \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \ud22c\uc790 \uacbd\ud5d8\uc774 \uc801\uace0 \uc790\ubcf8\uc774 \ucda9\ubd84\ud558\uc9c0 \uc54a\uc740 \uc0ac\ud68c \ucd08\ub144\uc0dd\uc5d0\uac8c\ub294 \uc704\ud5d8\ub3c4\uac00 \uc9c0\ub098\uce58\uac8c \ud06c\ubbc0\ub85c, \ucc98\uc74c\ubd80\ud130 \ud30c\uc0dd\uc0c1\ud488\uc5d0 \ub6f0\uc5b4\ub4dc\ub294 \uac83\uc740 \uad8c\uc7a5\ub418\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ub300\uc2e0 \ub9ac\uc2a4\ud06c\uac00 \uc798 \ubd84\uc0b0\ub41c \uc8fc\uc2dd\u00b7\ucc44\uad8c\u00b7\ubd80\ub3d9\uc0b0\u00b7\ud604\uae08\uc131 \uc790\uc0b0 \ub4f1\uc73c\ub85c \uad6c\uc131\ub41c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uba3c\uc800 \uad6c\ucd95\ud55c \ub4a4, \uc5b4\ub290 \uc815\ub3c4 \uacbd\ud5d8\uacfc \uc548\uc815\uc801 \uc7ac\uc6d0\uc774 \uc0dd\uacbc\uc744 \ub54c \uc18c\uc561\uc73c\ub85c \uacf5\ubd80 \ucc28\uc6d0\uc5d0\uc11c \uc811\uadfc\ud558\ub294 \uac83\uc774 \ubc14\ub78c\uc9c1\ud569\ub2c8\ub2e4.<\/p>\n
\ud55c\ud3b8, \ucf54\ub85c\ub09819 \uc774\ud6c4\ub85c \uc628\ub77c\uc778 \ud50c\ub7ab\ud3fc\uc744 \ud1b5\ud574 \ud06c\ub77c\uc6b0\ub4dc \ud380\ub529\uc774\ub098 P2P \ub300\ucd9c\uc5d0\ub3c4 \uc190\uc27d\uac8c \ud22c\uc790\ud560 \uc218 \uc788\ub294 \ud658\uacbd\uc774 \uc870\uc131\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc77c\ubd80 \ud50c\ub7ab\ud3fc\uc740 \uc18c\uc561\uc73c\ub85c \ubd80\ub3d9\uc0b0 \ud504\ub85c\uc81d\ud2b8\uc5d0 \ud22c\uc790\ud558\uac70\ub098, \uc2e0\uc6a9 \ub300\ucd9c \ub4f1\uc5d0 \ucc38\uc5ec\ud560 \uc218 \uc788\uac8c \ud574\uc8fc\ub294\ub370, \uc774\ub294 \ubd84\uc0b0 \ud22c\uc790 \uce21\uba74\uc5d0\uc11c \uc0c8\ub85c\uc6b4 \uae30\ud68c\ub97c \uc81c\uacf5\ud558\uae30\ub3c4 \ud569\ub2c8\ub2e4. \uadf8\ub7ec\ub098 \ud50c\ub7ab\ud3fc \ub9ac\uc2a4\ud06c\uc640 \ubd80\uc2e4 \ubc1c\uc0dd \uc2dc \ud68c\uc218 \uc5b4\ub824\uc6c0 \ub4f1 \ub2e8\uc810\ub3c4 \ubd84\uba85\ud558\uae30 \ub54c\ubb38\uc5d0, \uad00\ub828 \uc815\ubcf4\ub97c \uaf3c\uaf3c\ud788 \ud655\uc778\ud558\uace0 \ud22c\uc790 \uc5ec\ubd80\ub97c \ud310\ub2e8\ud574\uc57c \ud569\ub2c8\ub2e4. \ub610\ud55c \ucd5c\uadfc \uae08\uc735\uc704\uc6d0\ud68c\uc5d0\uc11c \uad00\ub828 \uaddc\uc81c\ub97c \uac15\ud654\ud558\ub294 \ucd94\uc138\uc774\ubbc0\ub85c, \ubc95\uc801\u00b7\uc81c\ub3c4\uc801 \uc548\uc804\uc7a5\uce58\ub3c4 \uc0b4\ud3b4\ubcf4\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc0ac\ud68c \ucd08\ub144\uc0dd\uc740 \uc0c1\ub300\uc801\uc73c\ub85c \uae34 \uc2dc\uac04 horizon\uc744 \uac00\uc9c0\uace0 \uc788\ub294 \ub9cc\ud07c, \u2018\uacbd\uc81c\uc801 \ubaa8\uba58\ud140\u2019\uc744 \uc798 \uc0b4\ub9b4 \uc218 \uc788\ub2e4\ub294 \uc7a5\uc810\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uac00\ub839 \ub9e4\ub2ec \uc791\uc9c0\ub9cc \uafb8\uc900\ud788 ETF\uc5d0 \uc801\ub9bd\uc2dd \ud22c\uc790\ud558\uac70\ub098, \uc5f0\uae08\uc800\ucd95\uacc4\uc88c(IRP, \uc5f0\uae08\uc800\ucd95\ud380\ub4dc \ub4f1)\ub97c \ud65c\uc6a9\ud574 \uc138\uc561\uacf5\uc81c \ud61c\ud0dd\uc744 \ubc1b\uc73c\uba70 \uc7a5\uae30\uc801\uc73c\ub85c \uc790\uc0b0\uc744 \ub298\ub9ac\ub294 \ubc29\ubc95\uc774 \ub300\ud45c\uc801\uc785\ub2c8\ub2e4. \ucd5c\uadfc \ub3d9\ud5a5\uc744 \ubcf4\uba74, \ub9ce\uc740 \ud68c\uc0ac\uc6d0\uc774 \uc5f0\uae08 \uc0c1\ud488\uc744 \uc801\uadf9\uc801\uc73c\ub85c \ud65c\uc6a9\ud574 \ub178\ud6c4 \ub300\ube44\uc640 \ud22c\uc790 \uc218\uc775\uc744 \ub3d9\uc2dc\uc5d0 \ucc59\uae30\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 2023\ub144\ubd80\ud130\ub294 \uc77c\ubd80 \uc138\uc81c \ud61c\ud0dd\uc774 \ud655\ub300\ub418\ub294 \ucd94\uc138\ub3c4 \uc788\uc5b4, \uc0ac\ud68c \ucd08\ub144\uc0dd\uc5d0\uac8c \uc720\ub9ac\ud55c \uc870\uac74\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\ud22c\uc790 \uc0c1\ud488\uc744 \ud65c\uc6a9\ud560 \ub54c\uc5d0\ub3c4 \uc78a\uc9c0 \ub9d0\uc544\uc57c \ud560 \uac83\uc740, \ud55c \ubc88 \ud22c\uc790\ud588\ub2e4\uace0 \ud574\uc11c \ub05d\uc774 \uc544\ub2c8\ub77c\ub294 \uc810\uc785\ub2c8\ub2e4. \uc0ac\ud68c \ucd08\ub144\uc0dd\uc740 \uc2dc\uac04\uc774 \uc9c0\ub0a0\uc218\ub85d \uc18c\ub4dd\ub3c4 \uc99d\uac00\ud558\uace0, \uacb0\ud63c\u00b7\uc8fc\ud0dd \uad6c\uc785\u00b7\uc790\ub140 \uad50\uc721 \ub4f1 \ub2e4\uc591\ud55c \uc774\ubca4\ud2b8\uac00 \uc0dd\uae41\ub2c8\ub2e4. \ub530\ub77c\uc11c 6\uac1c\uc6d4 \ud639\uc740 1\ub144\uc5d0 \ud55c \ubc88\uc529\uc740 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc7ac\uac80\ud1a0\ud558\uc5ec, \ubaa9\ud45c \ub300\ube44 \uc218\uc775\ub960\uc774 \uc798 \ub098\uc654\ub294\uc9c0, \ud639\uc740 \uc2dc\uc7a5 \uc0c1\ud669 \ubcc0\ud654\uc5d0 \ub530\ub77c \ud2b9\uc815 \uc790\uc0b0 \ube44\uc911\uc744 \uc870\uc815\ud574\uc57c \ud558\ub294\uc9c0\ub97c \ud655\uc778\ud574\ubcfc \ud544\uc694\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \uacfc\uc815\uc744 \ud1b5\ud574 \ubb34\uc791\uc815 \ubc84\ud2f0\uac70\ub098 \ube48\ubc88\ud55c \ub9e4\ub9e4\ub85c \uc778\ud55c \uc218\uc218\ub8cc \uc190\ud574\ub97c \ub9c9\uc73c\uba74\uc11c\ub3c4, \uc801\uc808\ud55c \uae30\ud68c\uc640 \uc704\ud5d8 \uad00\ub9ac\ub97c \ub3d9\uc2dc\uc5d0 \ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uacb0\ub860\uc801\uc73c\ub85c, \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774 \uc8fc\uc5b4\uc9c4 \uc608\uc0b0\uc73c\ub85c \ub2e4\uc591\ud55c \ud22c\uc790 \uc0c1\ud488\uc744 \ud65c\uc6a9\ud558\ub824\uba74, \uc790\uc2e0\uc758 \ud22c\uc790 \ubaa9\ud45c\uc640 \uc131\ud5a5\uc5d0 \ub9de\ucdb0\uc11c \uc0c1\ud488\uc758 \ud2b9\uc131\uc744 \uc774\ud574\ud558\uace0 \ubd84\uc0b0\ud558\ub294 \uac83\uc774 \ud575\uc2ec\uc785\ub2c8\ub2e4. \uc608\uc801\uae08, \uc8fc\uc2dd\u00b7ETF, \ucc44\uad8c, \ubd80\ub3d9\uc0b0 \ub9ac\uce20, \uac00\uc0c1\uc790\uc0b0, \uadf8\ub9ac\uace0 \uc2e0\uc885 \ud22c\uc790 \uc218\ub2e8\uae4c\uc9c0 \ud3ed\ub113\uc740 \uc635\uc158\uc774 \uc788\uc73c\ub098, \uac01 \uc0c1\ud488\ub9c8\ub2e4 \uc7a0\uc7ac\uc801 \uc218\uc775\uacfc \uc704\ud5d8, \uadf8\ub9ac\uace0 \ud22c\uc790\uc758 \ud3b8\uc758\uc131\uc774 \ub2e4\ub985\ub2c8\ub2e4. \ucd08\uae30 \uc790\ubcf8\uc774 \uc791\ub354\ub77c\ub3c4, \ubd84\uc0b0 \ud22c\uc790\uc640 \uc801\ub9bd\uc2dd \uc811\uadfc\uc744 \ud1b5\ud574 \uafb8\uc900\ud55c \uc790\uc0b0 \uc131\uc7a5\uc744 \uae30\ub300\ud560 \uc218 \uc788\uc73c\uba70, \uc774\ub294 \uc0ac\ud68c \ucd08\ub144\uc0dd\uc758 \ubbf8\ub798 \uc7ac\ubb34 \uac74\uc804\uc131\uc744 \ub192\uc774\ub294 \uc9c0\ub984\uae38\uc774 \ub420 \uac83\uc785\ub2c8\ub2e4.<\/p>\n
\ub2e8\uae30\uac04 \uac70\uc561\uc744 \ubc8c\uc5b4\ubcf4\uace0 \uc2f6\ub2e4\ub294 \uc720\ud639\uc774 \ub4e4 \uc218\ub3c4 \uc788\uc73c\ub098, \ub0c9\uc815\ud558\uac8c \ud604\uc2e4\uc744 \uc0b4\ud3b4\ubcf4\uba74 \ub300\ubd80\ubd84\uc758 \uc131\uacf5 \uc0ac\ub840\ub294 \uc791\uc740 \uae08\uc561\uc774\ub77c\ub3c4 \uc624\ub79c \uc2dc\uac04 \uafb8\uc900\ud788 \ud22c\uc790\ud55c \uacb0\uacfc\ub77c\ub294 \uc0ac\uc2e4\uc744 \uc78a\uc9c0 \uc54a\uc544\uc57c \ud569\ub2c8\ub2e4. \uae30\uc5c5 \uac00\uce58 \ubd84\uc11d, \uacbd\uc81c \ud750\ub984 \ud30c\uc545 \ub4f1 \ud559\uc2b5\uacfc \uacbd\ud5d8\uc774 \uc313\uc774\uba74\uc11c \ub354\uc6b1 \uc815\uad50\ud55c \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad6c\uc131\ub3c4 \uac00\ub2a5\ud574\uc9d1\ub2c8\ub2e4. \uc9c0\uae08 \ub2f9\uc7a5 \uc791\uc740 \ubc1c\uac78\uc74c\uc774\ub77c\ub3c4, \uc0ac\ud68c \ucd08\ub144\uc0dd \uc2dc\uc808\ubd80\ud130 \uc2dc\uc791\ud558\ub294 \uac83\uc774 \uacb0\uad6d \ud070 \uc131\uacfc\ub85c \uc774\uc5b4\uc9c0\uac8c \ub418\ub294 \uc6d0\ub3d9\ub825\uc785\ub2c8\ub2e4.<\/p>\n
\uc790\uc0b0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uad6c\uc131\ud568\uc5d0 \uc788\uc5b4\uc11c, \ucd5c\uadfc \uacbd\uc81c \ub3d9\ud5a5\uacfc \uc2dc\uc7a5 \ud750\ub984\uc744 \uc81c\ub300\ub85c \uc774\ud574\ud558\ub294 \uac83\uc740 \ub9e4\uc6b0 \uc911\uc694\ud569\ub2c8\ub2e4. 2022~2023\ub144 \uc0ac\uc774\uc5d0 \uad6d\ub0b4\uc678 \uae08\uc735\uc2dc\uc7a5\uc740 \uae09\uaca9\ud55c \uae08\ub9ac \ubcc0\ub3d9\uacfc \ubb3c\uac00 \uc0c1\uc2b9, \uc9c0\uc815\ud559\uc801 \ub9ac\uc2a4\ud06c \ub4f1\uc758 \uc601\ud5a5\uc744 \ud06c\uac8c \ubc1b\uc558\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \ud658\uacbd\uc5d0\uc11c \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774\ub77c\uba74 \ub2e8\uc21c\ud788 \u2018\uc5b4\ub5a4 \uc790\uc0b0\uc774 \uc88b\uc544 \ubcf4\uc778\ub2e4\u2019\ub294 \uac10\uac01\uc801\uc778 \ud310\ub2e8\ubcf4\ub2e4\ub294, \uac70\uc2dc\uacbd\uc81c \uc9c0\ud45c\uc640 \uac01\uad6d\uc758 \ud1b5\ud654\uc815\ucc45 \ubc29\ud5a5 \ub4f1\uc744 \uc0b4\ud3b4\ubcf4\uace0 \uc911\uc7a5\uae30\uc801\uc778 \ud750\ub984\uc744 \uc608\uce21\ud574\ubcfc \ud544\uc694\uac00 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc608\ub97c \ub4e4\uc5b4, \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\ub294 2022\ub144\ubd80\ud130 \uac00\ud30c\ub978 \uae08\ub9ac \uc778\uc0c1\uc744 \ub2e8\ud589\ud588\uace0, \uadf8 \uacb0\uacfc \ub2ec\ub7ec\ud654\uac00 \uac15\uc138\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \uc774\ub85c \uc778\ud574 \uae00\ub85c\ubc8c \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \uc804\ubc18\uc801\uc73c\ub85c \uc870\uc815\uc744 \ubc1b\uc558\uace0, \uc720\ub3d9\uc131\uc774 \ud48d\ubd80\ud558\ub358 \uc2dc\uc808\uc5d0 \uae09\ub4f1\ud588\ub358 \uae30\uc220\uc8fc\ub098 \uc131\uc7a5\uc8fc\uac00 \ud070 \ud3ed\uc73c\ub85c \ub5a8\uc5b4\uc9c0\uae30\ub3c4 \ud588\uc2b5\ub2c8\ub2e4. \ud55c\uad6d \uc2dc\uc7a5 \ub610\ud55c \uc6d0\ud654 \uc57d\uc138\uc640 \ubb34\uc5ed \uc801\uc790 \ub4f1\uc758 \uc774\uc288\uac00 \uacb9\uce58\uba74\uc11c \ucf54\uc2a4\ud53c \uc9c0\uc218 \ubcc0\ub3d9\uc131\uc774 \ub192\uc544\uc84c\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \uc0c1\ud669\uc5d0\uc11c \u2018\ub2e8\uae30 \ucc28\uc775\u2019\uc744 \ub178\ub9ac\ub294 \ud22c\uc790\uc790\ub4e4\uc740 \ucee4\ub2e4\ub780 \ud63c\ub780\uc5d0 \ube60\uc84c\uace0, \uae30\uad00\uc774\ub098 \uc678\uad6d\uc778 \ud22c\uc790\uc790\uac00 \ube60\uc838\ub098\uac04 \uc2dc\uc7a5\uc5d0\uc11c \uac1c\uc778 \ud22c\uc790\uc790\ub4e4\uc774 \uace0\ud1b5\uc744 \uacaa\ub294 \uae30\uac04\uc774 \uc774\uc5b4\uc84c\uc2b5\ub2c8\ub2e4.<\/p>\n
\uadf8\ub7ec\ub098 \uc7a5\uae30 \ud22c\uc790\uc790\ub294 \uc774 \uac19\uc740 \uce68\uccb4 \uad6d\uba74\uc744 \ubd84\uba85 \ub2e4\ub978 \uc2dc\uac01\uc73c\ub85c \ubc14\ub77c\ubcfc \uc5ec\uc9c0\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \uc800\ud3c9\uac00\ub41c \uc6b0\ub7c9\uc8fc\ub97c \ubd84\ud560 \ub9e4\uc218\ud558\uba70 \uacbd\uae30\uac00 \ud68c\ubcf5\ub420 \ub54c\uae4c\uc9c0 \uae30\ub2e4\ub9ac\ub294 \uc804\ub7b5\uc744 \ucde8\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc2e4\uc81c\ub85c \ub9ce\uc740 \uac00\uce58 \ud22c\uc790\uc790\ub294 \ub300\uc138 \ud558\ub77d\uc7a5\uc77c\uc218\ub85d \ubd84\ud560 \ub9e4\uc218\ub97c \ud1b5\ud574 \ud3c9\uade0 \ub9e4\uc785 \ub2e8\uac00\ub97c \ub0ae\ucd94\ub294 \uae30\ud68c\ub97c \ud65c\uc6a9\ud558\uae30\ub3c4 \ud569\ub2c8\ub2e4. \ub2e4\ub9cc \uc0ac\ud68c \ucd08\ub144\uc0dd\uc758 \uacbd\uc6b0, \uc2ec\ub9ac\uc801 \ubd80\ub2f4\uc774 \ud06c\ubbc0\ub85c \uc790\uc2e0\uc774 \uac10\ub2f9\ud560 \uc218 \uc788\ub294 \uc120\uc5d0\uc11c\ub9cc \ud22c\uc790\ud574\uc57c \ud569\ub2c8\ub2e4. \ubb34\ud131\ub300\uace0 \u2018\ub5a8\uc5b4\uc9c4 \uc8fc\uc2dd\uc774 \uc2f8\ub2e4\u2019\uace0 \uc0dd\uac01\ud574 \uacfc\uac10\ud558\uac8c \ub808\ubc84\ub9ac\uc9c0\ub97c \uc4f0\ub294 \uac83\uc740 \ub9e4\uc6b0 \uc704\ud5d8\ud558\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4.<\/p>\n
\ud55c\ud3b8, \uae08\ub9ac \uc778\uc0c1 \uae30\uc870\uac00 \uc5b4\ub290 \uc815\ub3c4 \uc548\uc815\ub418\uace0, \ud5a5\ud6c4 \uacbd\uae30 \uce68\uccb4 \uad6d\uba74\uc774 \uc9c0\ub098\uac00\uba74 \ubd80\ub3d9\uc0b0 \uc2dc\uc7a5\uc774\ub098 \uc8fc\uc2dd \uc2dc\uc7a5\uc774 \ub2e4\uc2dc \ud68c\ubcf5\uc138\ub97c \ubcf4\uc77c \uac00\ub2a5\uc131\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ucc98\ub7fc \uacbd\uc81c\uc640 \uc2dc\uc7a5\uc740 \uc0ac\uc774\ud074\uc744 \uadf8\ub9ac\uba70 \uc6c0\uc9c1\uc774\ubbc0\ub85c, \uc9c0\uae08 \ub2f9\uc7a5\uc758 \uc9c0\ud45c\ub9cc \ubcf4\uace0 \uacfc\ub3c4\ud558\uac8c \ub099\uad00\ud558\uac70\ub098 \ube44\uad00\ud558\uae30\ubcf4\ub2e4\ub294 \ud3c9\uade0 \ud68c\uadc0(Mean Reversion) \ud604\uc0c1\uc744 \uc5fc\ub450\uc5d0 \ub450\uc5b4\uc57c \ud569\ub2c8\ub2e4. \uc624\ud788\ub824 \u2018\uc7a5\uae30\uc801 \uc2dc\uc57c\u2019\ub85c \uafb8\uc900\ud788 \uc801\ub9bd\uc2dd\uc73c\ub85c \ud22c\uc790\ud55c\ub2e4\uba74, \ub2e8\uae30 \ubcc0\ub3d9\uc5d0 \ud06c\uac8c \uc601\ud5a5\ubc1b\uc9c0 \uc54a\uace0 \ud3c9\uade0\uc801\uc778 \uc218\uc775\ub960\uc744 \ud655\ubcf4\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc0ac\ud68c \ucd08\ub144\uc0dd\uc774 \ud754\ud788 \ubc94\ud558\ub294 \uc2e4\uc218 \uc911 \ud558\ub098\ub294, \uc2dc\uc7a5 \ub274\uc2a4\uc5d0 \uacfc\ub3c4\ud558\uac8c \ubc18\uc751\ud558\uc5ec \ub9e4\uc218\u00b7\ub9e4\ub3c4 \uc2dc\uc810\uc744 \ub2e8\uae30\uac04\uc5d0 \uc790\uc8fc \ubc14\uafb8\ub294 \uac83\uc785\ub2c8\ub2e4. \uc5b4\ub5a4 \uc800\uba85\ud55c \uacbd\uc81c \uc804\ubb38\uac00\uac00 \u201c\uc8fc\uc2dd\uc2dc\uc7a5\uc774 \uace7 \ud3ed\ub77d\ud560 \uac83\u201d\uc774\ub77c \ub9d0\ud558\uba74 \uc989\uc2dc \ubaa8\ub4e0 \uc8fc\uc2dd\uc744 \ucc98\ubd84\ud558\uace0, \ub2e4\ub978 \uc0ac\ub78c\uc774 \u201c\uac00\uc0c1\uc790\uc0b0\uc774 \ub2e4\uc74c \ub300\uc138\ub2e4\u201d\ub77c\uace0 \ud558\uba74 \uace7\ubc14\ub85c \ub2e4\uc2dc \ub6f0\uc5b4\ub4dc\ub294 \uc2dd\uc785\ub2c8\ub2e4. \uc774\ub7f0 \ud589\uc704\ub294 \uacb0\uacfc\uc801\uc73c\ub85c \uc218\uc218\ub8cc\uc640 \uc138\uae08\uc744 \uc7a6\uc740 \ube48\ub3c4\ub85c \ub0b4\uba74\uc11c, \uc218\uc775 \uae30\ud68c\ub294 \ub193\uce58\ub294 \u2018\ucd5c\uc545\uc758 \uc2dc\ub098\ub9ac\uc624\u2019\ub97c \uc5f0\ucd9c\ud558\uae30 \uc27d\uc2b5\ub2c8\ub2e4. \uacb0\uad6d \uc0ac\ud68c \ucd08\ub144\uc0dd\uc5d0\uac8c \ud544\uc694\ud55c \uac83\uc740, \u2018\uc804\uccb4 \uc2dc\uc7a5 \ub3d9\ud5a5\uc744 \uc778\uc2dd\ud558\ub418 \ubcf8\uc778\uc758 \uc6d0\uce59\uc801\uc778 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc804\ub7b5\uc5d0 \ucda9\uc2e4\ud558\ub294 \ud0dc\ub3c4\u2019\ub77c\uace0 \ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc804\ubb38\uac00\ub4e4\uc740 \uc2dc\uc7a5\uc758 \ub2e8\uae30 \ud750\ub984\uc744 \uc815\ud655\ud788 \uc608\uce21\ud558\uae30\ub294 \uac70\uc758 \ubd88\uac00\ub2a5\uc5d0 \uac00\uae5d\ub2e4\uace0 \ub9d0\ud569\ub2c8\ub2e4. \ud2b9\ud788 \uc0ac\ud68c \ucd08\ub144\uc0dd\uc774\ub77c\uba74, \ud2b8\ub808\uc774\ub354\ucc98\ub7fc \ub2e8\uae30\uac04\uc5d0 \uc2dc\uc138 \ucc28\uc775\uc744 \ub178\ub9ac\ub294 \ub9e4\ub9e4\ub294 \uc27d\uc9c0 \uc54a\uace0 \uc131\uacf5 \ud655\ub960\ub3c4 \ub0ae\uc744 \uac83\uc785\ub2c8\ub2e4. \ub530\ub77c\uc11c \uae30\uc5c5\uc758 \uc7a5\uae30 \uc131\uc7a5\uc131, \uc0b0\uc5c5 \ud2b8\ub80c\ub4dc, \uac70\uc2dc\uacbd\uc81c \uc0ac\uc774\ud074 \ub4f1\uc744 \ud3ed\ub113\uac8c \uc5f0\uad6c\ud558\uace0, \uc2dc\uac04\uc744 \uc544\uad70\uc73c\ub85c \ub9cc\ub4e4\uc5b4 \ubcf5\ub9ac\uc758 \ud798\uc744 \ub204\ub9ac\ub294 \uac83\uc774 \ub354 \uc720\ub9ac\ud569\ub2c8\ub2e4. \uc608\ucee8\ub300 4\ucc28 \uc0b0\uc5c5\ud601\uba85 \ubd84\uc57c\uc758 \uae30\uc220\uc8fc, ESG(\ud658\uacbd\u00b7\uc0ac\ud68c\u00b7\uc9c0\ubc30\uad6c\uc870) \ud2b8\ub80c\ub4dc\ub97c \ubc18\uc601\ud55c \uae30\uc5c5, \uc7ac\uc0dd\uc5d0\ub108\uc9c0 \uc0ac\uc5c5 \ub4f1 \ubbf8\ub798 \uc9c0\ud5a5\uc801 \uc139\ud130\ub97c \uc120\ubcc4\ud574 \uafb8\uc900\ud788 \ubd84\uc0b0 \ud22c\uc790\ud558\ub294 \uc804\ub7b5\uc774 \ud558\ub098\uc758 \uc608\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\ub610\ud55c \ucd5c\uadfc\uc5d0\ub294 \u2018\uba64\ubc84\uc2ed \uacbd\uc81c\u2019, \u2018\uacf5\uc720 \uacbd\uc81c\u2019, \u2018\uba54\ud0c0\ubc84\uc2a4\u2019 \ub4f1\uc744 \ube44\ub86f\ud574 \uc0c8\ub85c\uc6b4 \ud328\ub7ec\ub2e4\uc784\uc774 \ub098\ud0c0\ub098\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ubbf8\ub798\uc5d0 \ud070 \uc2dc\uc7a5\uc744 \ud615\uc131\ud560 \uc218 \uc788\ub294 \uc7a0\uc7ac\ub825\uc744 \ub0b4\ud3ec\ud558\uc9c0\ub9cc, \uc544\uc9c1\uc740 \uc218\uc775 \ubaa8\ub378\uc774 \uc644\uc804\ud788 \uac80\uc99d\ub418\uc9c0 \uc54a\uc740 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. \uc0ac\ud68c \ucd08\ub144\uc0dd \ud22c\uc790\uc790 \uc785\uc7a5\uc5d0\uc120 \uc801\uc808\ud55c \uc218\uc900\uc758 \uc704\ud5d8 \uac10\uc218 \ud558\uc5d0, \ubbf8\ub798 \uc131\uc7a5 \uac00\ub2a5\uc131\uc774 \uc788\ub294 \uc2e0\uae30\uc220 \ubd84\uc57c\ub098 \uc2a4\ud0c0\ud2b8\uc5c5 \ud380\ub4dc\uc5d0 \uc18c\uc561\uc744 \ud560\ub2f9\ud574\ubcf4\ub294 \uac83\ub3c4 \uc7a5\uae30\uc801 \uce21\uba74\uc5d0\uc11c \uc758\ubbf8 \uc788\ub294 \uc2dc\ub3c4\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub2e4\ub9cc, \uc774\ub54c\ub3c4 \ucca0\uc800\ud788 \ubd84\uc0b0 \ud22c\uc790\uc640 \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub97c \ubcd1\ud589\ud574\uc57c \ud55c\ub2e4\ub294 \uc810\uc744 \uc78a\uc9c0 \ub9d0\uc544\uc57c \ud569\ub2c8\ub2e4.<\/p>\n
\ud574\uc678 \ud22c\uc790\ub97c \uace0\ub824\ud558\ub294 \uacbd\uc6b0\ub3c4 \uc694\uc998\uc740 \ud754\ud569\ub2c8\ub2e4. \ubbf8\uad6d \uc8fc\uc2dd\ubfd0\ub9cc \uc544\ub2c8\ub77c \uc720\ub7fd, \uc911\uad6d, \ub3d9\ub0a8\uc544 \ub4f1 \ub2e4\uc591\ud55c \uc2dc\uc7a5\uc5d0 \uac04\uc811\uc801\uc73c\ub85c \ud22c\uc790\ud560 \uc218 \uc788\ub294 ETF\uac00 \ub9ce\uae30\uc5d0, \ucda9\ubd84\ud55c \uc815\ubcf4\ub97c \uc218\uc9d1\ud55c\ub2e4\uba74 \uae00\ub85c\ubc8c \ubd84\uc0b0 \ud22c\uc790\ub97c \uad6c\ud604\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uad6d\ub0b4 \uacbd\uae30\uac00 \uce68\uccb4\ub420 \ub54c \uc678\uad6d \uc2dc\uc7a5\uc5d0\uc11c \uae30\ud68c\ub97c \ucc3e\uc744 \uc218 \uc788\uace0, \ubc18\ub300\ub85c \ud574\uc678\uc5d0\uc11c \uc545\uc7ac\uac00 \ud130\uc9c0\ub354\ub77c\ub3c4 \uad6d\ub0b4 \uc790\uc0b0\uc774 \ubc29\uc5b4\ub825\uc744 \ubcf4\uc5ec\uc904 \uc218 \uc788\ub2e4\ub294 \uc810\uc774 \uc7a5\uc810\uc785\ub2c8\ub2e4. \ubb3c\ub860 \ud658\uc728 \ub9ac\uc2a4\ud06c, \uac01 \uad6d\uac00\uc758 \uc138\uc81c\uc640 \uaddc\uc81c \ub4f1\uc744 \uc0b4\ud3b4\ubd10\uc57c \ud558\ubbc0\ub85c \uac04\ub2e8\ud55c \ubb38\uc81c\ub294 \uc544\ub2c8\uc9c0\ub9cc, \uc7a5\uae30\uc801\uc73c\ub85c\ub294 \ubcc0\ub3d9\uc131\uc744 \ub0ae\ucd94\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc9c0\uae08\uc774 \uc5b4\ub5a4 \uc2dc\uc7a5 \uad6d\uba74\uc774\ub4e0 \uac04\uc5d0, \uc0ac\ud68c \ucd08\ub144\uc0dd\uc5d0\uac8c \ud544\uc218\uc801\uc73c\ub85c \uc694\uad6c\ub418\ub294 \ud0dc\ub3c4\ub294 \u2018\uafb8\uc900\ud55c \ud559\uc2b5\uacfc \uad00\ucc30\u2019\uc785\ub2c8\ub2e4. \uac01\uc885 \uacbd\uc81c \uc9c0\ud45c, \uae30\uc5c5\uc758 \uc7ac\ubb34\uc81c\ud45c, \uc0b0\uc5c5\ubcc4 \uc131\uc7a5\ub960, \uad6d\uac00\ubcc4 \uc815\ucc45 \ubcc0\ud654\ub97c \uae30\ubbfc\ud558\uac8c \ucd94\uc801\ud558\uace0, \uc5ec\uc720 \uc790\uae08\uc73c\ub85c\ub9cc \ud22c\uc790\ud558\uba70, \uc720\ud639\uc5d0 \ud754\ub4e4\ub9ac\uc9c0 \uc54a\ub294 \ud22c\uc790\ub97c \uc9c0\ud5a5\ud574\uc57c \ud569\ub2c8\ub2e4. \uc774\ub807\uac8c \ud558\uba74 \uc77c\uc2dc\uc801\uc778 \uc704\uae30\uac00 \uc624\ub354\ub77c\ub3c4 \u2018\uc88b\uc740 \uae30\uc5c5, \uac00\uce58 \uc788\ub294 \uc790\uc0b0\u2019\uc744 \ubcf4\uc720\ud55c \uacbd\uc6b0\uc5d0\ub294 \uacb0\uad6d \uc2dc\uac04\uc744 \ub450\uace0 \ud68c\ubcf5\ud558\ub294 \uc0ac\ub840\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. \uc774\uc804 \uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30 \uc2dc\uae30\uc5d0\ub3c4, \uc6b0\ub7c9 \uc790\uc0b0\uc744 \uc800\ud3c9\uac00\ub41c \uc2dc\uc810\uc5d0 \ub9e4\uc218\ud588\ub358 \uc7a5\uae30 \ud22c\uc790\uc790\ub4e4\uc774 \uc0c1\ud669 \ubc18\uc804\uc744 \ub9de\uc774\ud558\uba70 \uc774\uc775\uc744 \uac70\ub454 \uc608\ub294 \uc27d\uac8c \ucc3e\uc544\ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc7a5\uae30 \ud22c\uc790\ub97c \ud1b5\ud574 \ubcf5\ub9ac \ud6a8\uacfc\ub97c \ub204\ub9ac\ub294 \uac83\uc740, \uc0dd\uac01\ubcf4\ub2e4 \ud06c\ub098\ud070 \ud798\uc744 \ubc1c\ud718\ud569\ub2c8\ub2e4. \uc608\ucee8\ub300 \uc5f0 7% \uc815\ub3c4\uc758 \uc218\uc775\ub960\uc744 \ubaa9\ud45c\ub85c \ud55c\ub2e4\uba74, 10\ub144 \ud6c4\uc5d0\ub294 \uc6d0\uae08\uc774 \uc57d 2\ubc30 \uac00\uae4c\uc774 \ubd88\uc5b4\ub0a9\ub2c8\ub2e4. \uc0ac\ud68c \ucd08\ub144\uc0dd \uc2dc\uc810\ubd80\ud130 \uc774\ub7ec\ud55c \ubcf5\ub9ac \ud6a8\uacfc\ub97c \uc870\uae08\uc529 \uc313\uc544\uac00\uba74, \ub098\uc911\uc5d0 \uc911\ub144\uc774 \ub418\uc5c8\uc744 \ub54c \uc0c1\ub2f9\ud55c \uc790\uc0b0 \uaddc\ubaa8\ub97c \ub9c8\ub828\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubb3c\ub860 \uc911\uac04\uc5d0 \uc2dc\uc7a5\uc774 \uc88b\uc9c0 \uc54a\uc544 1~2\ub144 \uc800\uc870\ud55c \uc131\uc801\uc744 \ub0bc \uc218\ub3c4 \uc788\uc9c0\ub9cc, \ud1b5\uacc4\ud559\uc801\uc73c\ub85c \ubcf4\uba74 \uc7a5\uae30\uac04 \uc8fc\uc2dd \uc2dc\uc7a5\uc740 \uc0c1\uc2b9 \ucd94\uc138\ub97c \uadf8\ub824\uc654\uc2b5\ub2c8\ub2e4. \uc774 \uc810\uc744 \uba85\uc2ec\ud55c\ub2e4\uba74 \ub2e8\uae30 \uae09\ub4f1\ub77d\uc5d0 \uc870\ubc14\uc2ec\uc744 \ub0b4\uae30\ubcf4\ub2e4\ub294, \uc624\ud788\ub824 \uc88b\uc740 \ub9e4\uc218 \uae30\ud68c\ub97c \ucc3e\uc544 \ucc28\ubd84\ud788 \ub300\uc751\ud560 \uc218 \uc788\uac8c \ub429\ub2c8\ub2e4.<\/p>\n
\ucd5c\uadfc \uacbd\ud5a5 \uc911 \ud558\ub098\ub294 \uac00\uce58\uc8fc\uc758 \uc7ac\ubd80\uc0c1\uc785\ub2c8\ub2e4. \ucd08\uc800\uae08\ub9ac \uc2dc\ub300\uc5d0\ub294 \ubbf8\ub798 \uc131\uc7a5\uc131\uc744 \uc911\uc2dc\ud558\ub294 \u2018\uc131\uc7a5\uc8fc\u2019\uac00 \uc2dc\uc7a5\uc744 \uc774\ub04c\uc5c8\uc9c0\ub9cc, \uae08\ub9ac\uac00 \uc624\ub974\uace0 \uacbd\uae30\uac00 \uce68\uccb4\ub420 \uc870\uc9d0\uc774 \ubcf4\uc774\uba74 \uc548\uc815\uc801\uc778 \uc774\uc775 \ucc3d\ucd9c\ub825\uc774 \uc788\ub294 \u2018\uac00\uce58\uc8fc\u2019\ub85c \uc790\uae08\uc774 \uc774\ub3d9\ud558\ub294 \ud328\ud134\uc774 \uc885\uc885 \uad00\ucc30\ub429\ub2c8\ub2e4. \uc2e4\uc81c\ub85c \ucf54\uc2a4\ud53c \uc2dc\uc7a5\uc5d0\uc11c\ub3c4 \uc804\ud1b5 \uc0b0\uc5c5\uad70 \uc911 \ubc30\ub2f9 \uc131\ud5a5\uc774 \ub192\uc740 \uae30\uc5c5\ub4e4\uc758 \uc8fc\uac00\ub294 \uc548\uc815\uc801\uc778 \ud750\ub984\uc744 \ubcf4\uc778 \ubc18\uba74, \uc77c\ubd80 \uae30\uc220 \uc131\uc7a5\uc8fc\ub294 \ud070 \ud3ed\uc758 \ubcc0\ub3d9\uc131\uc744 \ubcf4\uc785\ub2c8\ub2e4. \uc774\ucc98\ub7fc \ub2e8\uc9c0 \uc720\ud589\ud558\ub294 \uc139\ud130\ub97c \ucad3\ub294 \uac83\ub9cc\uc774 \ub2a5\uc0ac\ub294 \uc544\ub2c8\uba70, \uc804\uccb4 \uacbd\uae30\ub97c \ubc14\ub77c\ubcf4\uba70 \uade0\ud615 \uc7a1\ud78c \uc2dc\uac01\uc744 \uac16\ucdb0\uc57c \ud569\ub2c8\ub2e4.<\/p>\n
\ub9c8\uc9c0\ub9c9\uc73c\ub85c, \uc7a5\uae30\uc801 \uc2dc\uc57c\ub97c \uac16\ucd94\uace0 \uc2dc\uc7a5 \ub3d9\ud5a5\uc744 \uc8fc\uc2dc\ud558\ub418, \ud604\uc2e4\uc801\uc73c\ub85c \uc5b8\uc81c\ub4e0\uc9c0 \uc790\uae08\uc774 \ud544\uc694\ud574\uc9c8 \uc218 \uc788\ub294 \uc0c1\ud669\uc744 \uace0\ub824\ud574\uc57c \ud569\ub2c8\ub2e4. \uc0ac\ud68c \ucd08\ub144\uc0dd\uc740 \uacb0\ud63c, \uc774\uc0ac, \ucc3d\uc5c5, \uc720\ud559 \ub4f1 \uc778\uc0dd\uc758 \uad75\uc9c1\ud55c \uc774\ubca4\ud2b8\ub97c \ub9de\uc774\ud560 \uc2dc\uae30\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. \uc774\ub7f0 \ubcc0\ud654\ub97c \ub300\ube44\ud574 \ucda9\ubd84\ud55c \uc720\ub3d9\uc131(\ud604\uae08 \ud639\uc740 \uc800\uc704\ud5d8 \uc790\uc0b0)\uc744 \ud655\ubcf4\ud574\ub450\uace0, \ub098\uba38\uc9c0 \uae08\uc561\uc740 \uc7a5\uae30 \ud22c\uc790\ub85c \ub3cc\ub9ac\ub294 \uac83\uc774 \uc774\uc0c1\uc801\uc785\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574 \uc2dc\uc7a5 \ubcc0\ub3d9\uc131\uc5d0 \uc77c\ud76c\uc77c\ube44\ud558\uae30\ubcf4\ub2e4\ub294, \uc778\uc0dd \uc804\ubc18\uc801\uc778 \uacc4\ud68d\uacfc \ud568\uaed8 \ud22c\uc790 \uacc4\ud68d\uc744 \uc870\uc728\ud560 \uc218 \uc788\uac8c \ub429\ub2c8\ub2e4.<\/p>\n
\uacb0\uad6d \ud604\uc7ac \uc2dc\uc7a5 \ub3d9\ud5a5\uacfc \uc7a5\uae30\uc801 \uc2dc\uc57c\ub97c \ubc14\ud0d5\uc73c\ub85c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uad6c\uc131\ud558\ub294 \uac83\uc740, \uc0ac\ud68c \ucd08\ub144\uc0dd\uc5d0\uac8c \uc788\uc5b4 \ud544\uc218\uc801\uc778 \ud22c\uc790 \uc5ed\ub7c9\uc785\ub2c8\ub2e4. \uc544\ubb34\ub9ac \uacbd\uc81c\uac00 \ubd88\uc548\uc815\ud574 \ubcf4\uc5ec\ub3c4, \uc5ed\uc0ac\uc801\uc73c\ub85c \uacbd\uae30 \uc0ac\uc774\ud074\uc740 \uc62c\ub77c\uac14\ub2e4 \ub0b4\ub824\uac14\ub2e4\ub97c \ubc18\ubcf5\ud574 \uc654\uace0, \uadf8 \uacfc\uc815\uc5d0\uc11c \uc131\uc7a5\uc744 \uc9c0\uc18d\ud574 \uc654\uc2b5\ub2c8\ub2e4. \uc774 \ud750\ub984\uc744 \uc9c0\ucf1c\ubcf4\uba74\uc11c \u2018\uc2dc\uc7a5\uc744 \ubbff\uace0 \uafb8\uc900\ud788 \ud22c\uc790\ud558\ub294 \ud0dc\ub3c4\u2019\uc640 \u2018\uc704\ud5d8\uc5d0 \ub300\ube44\ud558\ub294 \uc801\uc808\ud55c \uc790\uc0b0 \ubc30\ubd84\u2019\uc744 \ub3d9\uc2dc\uc5d0 \uc2e4\ucc9c\ud574\uc57c, \ud55c \ubc88\uc758 \ucda9\uaca9\uc73c\ub85c \ubaa8\ub4e0 \uc790\uc0b0\uc744 \uc783\uc9c0 \uc54a\uace0 \ubbf8\ub798\uc5d0 \ub300\ud55c \uae30\ubc18\uc744 \ub2e4\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n
\uc0ac\ud68c \ucd08\ub144\uc0dd\uc774 \uc790\uc0b0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uad6c\uc131\ud560 \ub54c\ub294, \uba3c\uc800 \uc790\uc0b0 \ubc30\ubd84\uc758 \uae30\ucd08\ub97c \uc774\ud574\ud558\uace0 \uc801\uc808\ud788 \ubd84\uc0b0\ud558\ub294 \ub370 \uc9d1\uc911\ud574\uc57c \ud569\ub2c8\ub2e4. \uc608\uc801\uae08, \uc8fc\uc2dd, \ucc44\uad8c, \ubd80\ub3d9\uc0b0 \ub9ac\uce20, \uac00\uc0c1\uc790\uc0b0 \ub4f1 \uac01\uac01\uc758 \ud22c\uc790 \uc790\uc0b0\uad70\uc740 \uace0\uc720\ud55c \ud2b9\uc131\uacfc \uc704\ud5d8\uc744 \uc9c0\ub2c8\uace0 \uc788\uc73c\ubbc0\ub85c, \uc790\uc2e0\uc758 \ud22c\uc790 \uc131\ud5a5\uacfc \uacbd\uc81c\uc801 \uc5ec\uac74\uc5d0 \ub9de\uac8c \ubc30\ubd84 \ube44\uc728\uc744 \uacb0\uc815\ud558\ub294 \uac83\uc774 \ud575\uc2ec\uc785\ub2c8\ub2e4.<\/p>\n
\ub2e4\uc74c\uc73c\ub85c \ud22c\uc790 \ubaa9\ud45c\ub97c \uad6c\uccb4\uc801\uc774\uace0 \uc218\uce58\ud654\ub41c \ud615\ud0dc\ub85c \uc124\uc815\ud558\uace0, \uadf8\uc5d0 \ub9de\ucd94\uc5b4 \ub9ac\uc2a4\ud06c\ub97c \uad00\ub9ac\ud574\uc57c \ud569\ub2c8\ub2e4. \uc0b6\uc758 \uae34 \uc5ec\uc815 \uc18d\uc5d0\uc11c \uc900\ube44\ud574\uc57c \ud560 \ube44\uc6a9(\ud559\ube44, \ub0b4 \uc9d1 \ub9c8\ub828, \ucc3d\uc5c5 \uc790\uae08 \ub4f1)\uc740 \uac1c\uc778\ub9c8\ub2e4 \ub2e4\ub974\ubbc0\ub85c, \ud544\uc694\ud55c \uc2dc\uc810\uc5d0 \uc790\uae08\uc744 \ud655\ubcf4\ud558\ub824\uba74 \ubb34\ub9ac\ud55c \uace0\uc704\ud5d8 \ud22c\uc790\ubcf4\ub2e4\ub294 \ud655\uc2e4\ud55c \uc804\ub7b5\uc801 \ubc30\ubd84\uc774 \ud544\uc218\uc801\uc785\ub2c8\ub2e4. \ub610, \ub9e4\ub144 \ud639\uc740 \ubc18\uae30\ubcc4\ub85c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc7ac\uc810\uac80\ud574 \uc2dc\uc7a5 \ud658\uacbd \ubcc0\ud654\uc5d0 \uc720\uc5f0\ud558\uac8c \ub300\uc751\ud558\ub294 \uc2b5\uad00\uc744 \uac00\uc838\uc57c \ud569\ub2c8\ub2e4.<\/p>\n
\ud22c\uc790 \uc0c1\ud488 \uc120\ud0dd \uc2dc\uc5d0\ub294 \ucd08\uae30 \uc790\ubcf8\uc774 \ud06c\uc9c0 \uc54a\ub354\ub77c\ub3c4, \ubaa8\ubc14\uc77c \uc571 \ub4f1\uc744 \ud1b5\ud574 \uc18c\uc561\uc73c\ub85c\ub3c4 \ubd84\uc0b0 \ud22c\uc790\uac00 \uac00\ub2a5\ud558\ub2e4\ub294 \uc810\uc744 \uc801\uadf9 \ud65c\uc6a9\ud574\ubcf4\uc138\uc694. \uc608\uc801\uae08, \uc8fc\uc2dd\u00b7ETF, \ucc44\uad8c, \ubd80\ub3d9\uc0b0 \ub9ac\uce20, \uac00\uc0c1\uc790\uc0b0, \ud06c\ub77c\uc6b0\ub4dc \ud380\ub529 \ub4f1 \ub2e4\uc591\ud55c \ud22c\uc790 \uc218\ub2e8\uc744 \uc870\ud569\ud568\uc73c\ub85c\uc368 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc548\uc815\uc131\uc744 \ub192\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ucd5c\ucd08\uc5d0 \uc791\uc740 \uae08\uc561\uc774\ub77c\ub3c4 \uc7a5\uae30\uc801\uc73c\ub85c \ubcf4\uba74 \ub69c\ub837\ud55c \ubcf5\ub9ac \ud6a8\uacfc\ub97c \uae30\ub300\ud560 \uc218 \uc788\uc73c\uba70, \ud22c\uc790 \uacbd\ud5d8\uacfc \uc9c0\uc2dd\ub3c4 \ucd95\uc801\ub418\uc5b4 \ud6e8\uc52c \ud6a8\uc728\uc801\uc778 \uc790\uc0b0 \uc6b4\uc6a9\uc774 \uac00\ub2a5\ud574\uc9d1\ub2c8\ub2e4.<\/p>\n
\ud604\uc7ac \uc2dc\uc7a5 \ub3d9\ud5a5\uc744 \uc77d\uace0 \uc7a5\uae30\uc801 \uc2dc\uc57c\ub85c \ub300\uc751\ud558\ub294 \uac83\ub3c4 \uc911\uc694\ud569\ub2c8\ub2e4. \uc138\uacc4 \uacbd\uc81c\ub294 \ud798\ub4e0 \uad6d\uba74\uc744 \uacaa\ub354\ub77c\ub3c4 \uacb0\uad6d \ud68c\ubcf5 \uacfc\uc815\uc744 \ubc1f\uc544\uc654\uc73c\uba70, \uc2dc\uc7a5 \ubcc0\ub3d9\uc744 \uc9c0\ub098\uce58\uac8c \ub450\ub824\uc6cc\ud558\uae30\ubcf4\ub2e4\ub294 \uc801\uc808\ud55c \uae30\ud68c\ub85c \uc0bc\ub294 \ud0dc\ub3c4\uac00 \ub354 \ud070 \uacb0\uacfc\ub97c \uac00\uc838\ub2e4\uc90d\ub2c8\ub2e4. \ubb3c\ub860 \uc5b8\uc81c\ub4e0\uc9c0 \uc2dc\uc7a5\uc774 \ud070 \ud3ed\uc73c\ub85c \ud754\ub4e4\ub9b4 \uc218 \uc788\uc73c\ubbc0\ub85c, \ud544\uc218 \uc790\uae08 \uc774\uc678\uc5d0 \ud22c\uc790\ud560 \uc790\uae08\uc740 \uac10\ub2f9 \uac00\ub2a5\ud55c \uc218\uc900\uc73c\ub85c \uc124\uc815\ud558\uc5ec \ub808\ubc84\ub9ac\uc9c0\ub098 \uacfc\ub3c4\ud55c \ub300\ucd9c\uc740 \ud53c\ud574\uc57c \ud569\ub2c8\ub2e4.<\/p>\n
\uacb0\ub860\uc801\uc73c\ub85c, \uc0ac\ud68c \ucd08\ub144\uc0dd\uc5d0\uac8c \uc788\uc5b4 \uc790\uc0b0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad6c\uc131\uc740 \ub9c9\uc5f0\ud55c \u2018\ud22c\uc790\u2019\uac00 \uc544\ub2c8\ub77c, \ubbf8\ub798\ub97c \uc704\ud55c \uc911\uc7a5\uae30\uc801 \uc124\uacc4\uc5d0 \uac00\uae5d\uc2b5\ub2c8\ub2e4. \ucd08\uae30\uc5d0\ub294 \uc801\uc740 \uae08\uc561\uc774\ub77c\ub3c4 \uc62c\ubc14\ub978 \ubc30\ubd84\uacfc \uafb8\uc900\ud55c \ud22c\uc790\ub97c \ud1b5\ud574 \uc2dc\uac04\uc774 \uc9c0\ub0a0\uc218\ub85d \uacb0\uc2e4\uc744 \uc5bb\uc744 \uac00\ub2a5\uc131\uc774 \ub192\uc2b5\ub2c8\ub2e4. \ubaa9\ud45c\ub97c \uba85\ud655\ud788 \ud558\uace0, \ubd84\uc0b0 \ud22c\uc790\uc640 \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub97c \uc900\uc218\ud558\uba70, \uc2dc\uc7a5 \uc6c0\uc9c1\uc784\uc744 \uc8fc\uae30\uc801\uc73c\ub85c \uc810\uac80\ud55c\ub2e4\uba74 \ub204\uad6c\ub098 \uc790\uc2e0\ub9cc\uc758 \uac74\uc804\ud558\uace0 \ud0c4\ud0c4\ud55c \ud22c\uc790 \uae30\ubc18\uc744 \uad6c\ucd95\ud560 \uc218 \uc788\uc744 \uac83\uc785\ub2c8\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\uc0ac\ud68c \ucd08\ub144\uc0dd\uc744 \uc704\ud55c \ud6a8\uc728\uc801 \uc790\uc0b0 \ubc30\ubd84 \ubc29\ubc95\ubd80\ud130 \ud22c\uc790 \uc804\ub7b5\uae4c\uc9c0, \uc548\uc815\uc801\uc778 \uc7ac\ubb34 \uae30\ubc18 \ub9c8\ub828\uc744 \uc704\ud55c \uac04\ub2e8\ud558\uace0 \uc2e4\uc6a9\uc801\uc778 \uac00\uc774\ub4dc.<\/p>\n","protected":false},"author":1,"featured_media":12634,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1965],"tags":[6035,3736],"class_list":["post-57282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-fed","tag-modern"],"acf":[],"_links":{"self":[{"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/posts\/57282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/comments?post=57282"}],"version-history":[{"count":1,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/posts\/57282\/revisions"}],"predecessor-version":[{"id":57285,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/posts\/57282\/revisions\/57285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/media\/12634"}],"wp:attachment":[{"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/media?parent=57282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/categories?post=57282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/tags?post=57282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}