20\ub300\uc5d0 \uc2dc\uc791\ud558\ub294 \uc801\ub9bd\uc2dd \ud22c\uc790, \uc131\uacf5 \ube44\uacb0\uc740?<\/title><\/p>\n<h1 id=\"20%eb%8c%80%ec%97%90-%ec%8b%9c%ec%9e%91%ed%95%98%eb%8a%94-%ec%a0%81%eb%a6%bd%ec%8b%9d-%ed%88%ac%ec%9e%90-%ec%84%b1%ea%b3%b5-%eb%b9%84%ea%b2%b0%ec%9d%80-iaBeBMINep\">20\ub300\uc5d0 \uc2dc\uc791\ud558\ub294 \uc801\ub9bd\uc2dd \ud22c\uc790, \uc131\uacf5 \ube44\uacb0\uc740?<\/h1>\n<\/p>\n<h2 id=\"%ec%84%b9%ec%85%98-1-20%eb%8c%80-%ec%a0%81%eb%a6%bd%ec%8b%9d-%ed%88%ac%ec%9e%90%ec%9d%98-%ea%b0%9c%eb%85%90%ea%b3%bc-%ea%b8%b0%ec%b4%88-%ec%9d%b4%ed%95%b4-iaBeBMINep\">\uc139\uc158 1: 20\ub300 \uc801\ub9bd\uc2dd \ud22c\uc790\uc758 \uac1c\ub150\uacfc \uae30\ucd08 \uc774\ud574<\/h2>\n\n20\ub300\uc5d0 \uc2dc\uc791\ud558\ub294 \uc801\ub9bd\uc2dd \ud22c\uc790\ub294 \ub2e8\uc21c\ud788 \ub9e4\ub2ec \ud639\uc740 \uc77c\uc815 \uc8fc\uae30\ub85c \uc77c\uc815 \uae08\uc561\uc744 \uafb8\uc900\ud788 \uc801\ub9bd\ud558\uace0, \uadf8 \uae08\uc561\uc744 \ub2e4\uc591\ud55c \uae08\uc735 \uc0c1\ud488\uc5d0 \ud22c\uc790\ud558\ub294 \ud615\ud0dc\ub97c \ub9d0\ud569\ub2c8\ub2e4. \uc801\ub9bd\uc2dd\uc758 \uac00\uc7a5 \ud070 \uc7a5\uc810\uc740 ‘\uc2dc\uac04\uc744 \ub0b4 \ud3b8\uc73c\ub85c \ub9cc\ub4dc\ub294 \uac83’\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \uc5b4\ub838\uc744 \ub54c\ubd80\ud130 \uc2dc\uc791\ud558\uba74 \ud22c\uc790 \uae30\uac04\uc774 \uadf8\ub9cc\ud07c \uae38\uc5b4\uc9c0\uae30 \ub54c\ubb38\uc5d0 \uc6d0\uae08\uc774 \uc791\ub354\ub77c\ub3c4 \uafb8\uc900\ud55c \uc801\ub9bd\uacfc \ubcf5\ub9ac \ud6a8\uacfc\ub97c \ud1b5\ud574 \uc7a5\uae30\uc801\uc73c\ub85c \ud070 \uc790\uc0b0\uc744 \ud615\uc131\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ucee8\ub300 \ud55c\uad6d\uac70\ub798\uc18c \ud1b5\uacc4\uc5d0 \ub530\ub974\uba74 \ucf54\uc2a4\ud53c\uac00 \uc7a5\uae30\uc801\uc73c\ub85c \uc6b0\uc0c1\ud5a5 \uace1\uc120\uc744 \uadf8\ub9b0 \uc2dc\uae30\uac00 \ub9ce\uc558\uace0, \ubbf8\uad6d\uc758 S&P 500 \uc9c0\uc218 \uc5ed\uc2dc \uc5ed\uc0ac\uc801\uc73c\ub85c \uafb8\uc900\ud55c \uc0c1\uc2b9 \ucd94\uc138\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4. \uc989, \ud22c\uc790\ub97c \ube68\ub9ac \uc2dc\uc791\ud560\uc218\ub85d \ubcf5\ub9ac \ud6a8\uacfc\uc640 \uc2dc\uc7a5 \uc131\uc7a5\uc758 \ud61c\ud0dd\uc744 \uae38\uac8c \ub204\ub9b4 \uac00\ub2a5\uc131\uc774 \ub192\uc544\uc9d1\ub2c8\ub2e4.\n<\/p>\n\n\ub9ce\uc740 \uc804\ubb38\uac00\ub4e4\uc740 20\ub300\uac00 ‘\ud22c\uc790\uc758 \ud669\uae08 \uae30\ud68c’ \uc2dc\uae30\ub77c\uace0 \uac15\uc870\ud569\ub2c8\ub2e4. \uc65c\ub0d0\ud558\uba74 \uc774 \uc2dc\uae30\uc5d0\ub294 \uc544\uc9c1 \uace0\uc815\ub41c \uc9c0\ucd9c(\uc608: \uc790\ub140 \uc591\uc721, \uc8fc\ud0dd \ub300\ucd9c \ub4f1)\uc774 \uc0c1\ub300\uc801\uc73c\ub85c \uc801\uace0, \uc704\ud5d8\uc744 \uac10\uc218\ud560 \uc218 \uc788\ub294 \uc2dc\uac04\uc801 \uc5ec\uc720\uac00 \ucda9\ubd84\ud558\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uc2e4\uc218\ub85c \uc778\ud55c \ud22c\uc790 \uc190\uc2e4\uc774 \ubc1c\uc0dd\ud558\ub354\ub77c\ub3c4 \ub2e4\uc2dc \ub9cc\ud68c\ud560 \uc218 \uc788\ub294 \uae30\uac04\uc774 \uae38\uc5b4 \uc2e4\uc804 \uacbd\ud5d8\uc744 \uc313\uae30\uc5d0 \uc801\ud569\ud569\ub2c8\ub2e4. \ub610\ud55c \uae08\uc735 \ubb38\ub9f9\uc5d0\uc11c \ubc97\uc5b4\ub098\uae30 \uc704\ud574 \ub3c5\uc11c, \uc628\ub77c\uc778 \uac15\uc758, \uc720\ud29c\ube0c \ub4f1 \ub2e4\uc591\ud55c \ucc44\ub110\uc744 \ud1b5\ud574 \ubc30\uc6c0\uacfc \uacbd\ud5d8\uc744 \uc313\uc73c\uba74, \ud5a5\ud6c4 30\ub300, 40\ub300\uc5d0 \uac00\uc11c\ub3c4 \ub9e4\uc6b0 \uc720\ub9ac\ud55c \uae30\ubc18\uc744 \ub9c8\ub828\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \ud22c\uc790 \uad50\uc721\uc758 \uc2dc\uc791\uc774 \ubc14\ub85c \uc801\ub9bd\uc2dd \ud22c\uc790 \uc804\ub7b5\uc774\ub77c \ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\ud22c\uc790\ub97c \ub9c9 \uc2dc\uc791\ud55c 20\ub300\uc5d0\uac8c \uc801\ub9bd\uc2dd\uc774 \uc801\ud569\ud55c \uc774\uc720 \uc911 \ud558\ub098\ub294 ‘\uc801\uc740 \uae08\uc561\uc73c\ub85c\ub3c4 \uac00\ub2a5\ud558\ub2e4’\ub294 \uc810\uc785\ub2c8\ub2e4. \ubaa9\ub3c8\uc774 \uc5c6\uc5b4\ub3c4 \ub9e4\uc6d4 \uc77c\uc815 \uae08\uc561\uc744 \uc815\ud574 \uc8fc\uc2dd, ETF, \ud380\ub4dc, \ucc44\uad8c \ub4f1 \ub2e4\uc591\ud55c \uc0c1\ud488\uc5d0 \ubd84\uc0b0 \ud22c\uc790\uac00 \uac00\ub2a5\ud569\ub2c8\ub2e4. \uac00\ub839 \uc77c\ubd80 \uc99d\uad8c\uc0ac\uc5d0\uc11c\ub294 1\ub9cc \uc6d0 \ub2e8\uc704\ub85c\ub3c4 \ud380\ub4dc\uc5d0 \ud22c\uc790\ud560 \uc218 \uc788\ub294 \uc11c\ube44\uc2a4\ub97c \uc81c\uacf5\ud558\uace0 \uc788\uace0, \uc18c\uc218\uc810 \ub9e4\ub9e4\ub098 \uc18c\uc561 \ud22c\uc790 \ud50c\ub7ab\ud3fc\uc774 \ud65c\uc131\ud654\ub418\uba74\uc11c \uc811\uadfc \uc7a5\ubcbd\uc774 \ud6e8\uc52c \ub0ae\uc544\uc84c\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ubd88\uc548\uc815\ud55c \uacbd\uc81c \uc0c1\ud669\uc5d0\uc11c\ub3c4 \ucf54\uc2a4\ud2b8 \uc5d0\ubc84\ub9ac\uc9d5(Cost Averaging) \ud6a8\uacfc\ub97c \uae30\ub300\ud560 \uc218 \uc788\uac8c \ud574\uc8fc\ub294\ub370, \uc989 \uc8fc\uac00\uac00 \ub0b4\ub824\uac00\ub354\ub77c\ub3c4 \ub35c \ube44\uc2f8\uac8c \ub9e4\uc218\ud558\uc5ec \ud3c9\uade0 \ub2e8\uac00\ub97c \ub0ae\ucda4\uc73c\ub85c\uc368 \uc7a5\uae30 \uc218\uc775\ub960\uc744 \uac1c\uc120\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\ubb3c\ub860 20\ub300\uc5d0 \uc2dc\uc791\ud558\ub294 \uc801\ub9bd\uc2dd \ud22c\uc790\uc5d0\ub3c4 \uc8fc\uc758\ud560 \uc810\uc774 \uc788\uc2b5\ub2c8\ub2e4. \ud22c\uc790 \ucd08\uae30\uc5d0\ub294 \uc2dc\uc7a5\uc758 \ubcc0\ub3d9\uc131\uc744 \uc81c\ub300\ub85c \ud30c\uc545\ud558\uc9c0 \ubabb\ud574, \uc190\uc2e4\uc774 \ubc1c\uc0dd\ud588\uc744 \ub54c \ubd88\uc548\ud55c \ub9c8\uc74c\uc5d0 \uc123\ubd88\ub9ac \ud22c\uc790\ub97c \uc911\ub2e8\ud558\uac70\ub098 \ubaa8\ub4e0 \uc790\uae08\uc744 \ud68c\uc218\ud558\ub294 \uc0ac\ub840\uac00 \uc885\uc885 \ubc1c\uc0dd\ud569\ub2c8\ub2e4. \uc801\ub9bd\uc2dd \ud22c\uc790\uc758 \ud575\uc2ec\uc740 \uc624\ub79c \uae30\uac04 \uafb8\uc900\ud788 \ub0a9\uc785\ud558\ub294 \uac83\uc774\ubbc0\ub85c, \uc77c\uc2dc\uc801\uc778 \uc2dc\uc7a5 \ud3ed\ub77d\uacfc \uc2ec\ub9ac\uc801 \ub3d9\uc694\ub97c \uc774\uaca8\ub0bc \uc218 \uc788\ub294 ‘\ud22c\uc790\uc758 \ucca0\ud559’\uc744 \ubbf8\ub9ac \uc138\uc6cc\ub450\ub294 \uac8c \uc911\uc694\ud569\ub2c8\ub2e4. \uac00\ub839 \ub2e4\uc6b4\ub9c8\ucf13\uc5d0\uc11c \ucd94\uac00 \ub9e4\uc218\ud560 \uc218 \uc788\ub294 \uc790\uae08\uc744 \ud655\ubcf4\ud558\uac70\ub098, \uc218\uc775\ub960\uc774 \ub2e8\uae30\uc801\uc73c\ub85c \ub5a8\uc5b4\uc838\ub3c4 \uc7a5\uae30\uc801\uc778 \uad00\uc810\uc5d0\uc11c \uc2dc\uc7a5\uc744 \ubc14\ub77c\ubcf4\ub294 \ud6c8\ub828\uc774 \ud544\uc694\ud569\ub2c8\ub2e4.\n<\/p>\n\n\ucd5c\uadfc(2023\ub144 \uae30\uc900) \uad6d\ub0b4\uc678 \uc2dc\uc7a5\uc5d0\uc11c\ub294 \uc5ec\ub7ec \uc774\uc288\uac00 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \uc5f0\uc900(Fed)\uc758 \uae08\ub9ac \uc778\uc0c1 \uae30\uc870, \uc138\uacc4 \uac01\uad6d\uc758 \uc778\ud50c\ub808\uc774\uc158 \uc555\ubc15, \uadf8\ub9ac\uace0 \uad6d\ub0b4 \uacbd\uc81c \uc5ed\uc2dc \ubb3c\uac00\uc0c1\uc2b9\ub960\uc774 \ub192\uc740 \uc0c1\ud0dc\uc785\ub2c8\ub2e4. \uc774\ub7f0 \uac70\uc2dc\uacbd\uc81c \uc694\uc778\uc740 \uc8fc\uc2dd\uc774\ub098 \ucc44\uad8c \uc2dc\uc7a5\uc5d0 \uc9c1\uc811\uc801\uc778 \uc601\ud5a5\uc744 \ubbf8\uce58\ubbc0\ub85c, 20\ub300\uac00 \uc801\ub9bd\uc2dd \ud22c\uc790\ub97c \uc2dc\uc791\ud560 \ub54c\ub3c4 \uc801\uc808\ud55c \uc7ac\ubb34 \ubaa9\ud45c\uc640 \ubd84\uc0b0 \uc804\ub7b5\uc744 \uc138\uc6b0\ub294 \uac83\uc774 \ud544\uc218\uc785\ub2c8\ub2e4. \uacfc\uac70\uc640 \ub2ec\ub9ac \uac00\uae4c\uc6b4 \ubbf8\ub798\uc5d0 \uacbd\uae30 \uce68\uccb4\uac00 \ucc3e\uc544\uc62c \uc218 \uc788\ub2e4\ub294 \ubd84\uc11d\ub3c4 \uc788\uc73c\ub2c8, \ubd88\ud655\uc2e4\uc131\uc5d0 \ub300\ube44\ud55c \ud604\uae08 \ube44\uc911 \uad00\ub9ac\uc640 \uc548\uc815\uc801\uc778 \uc790\uc0b0\uad70\uc758 \ud3b8\uc785 \ub4f1\uc740 \uc801\ub9bd\uc2dd \ud22c\uc790\uc5d0\uc11c\ub3c4 \uc2e0\uc911\ud558\uac8c \uace0\ub824\ub418\uc5b4\uc57c \ud569\ub2c8\ub2e4.\n<\/p>\n\n\uc774\ucc98\ub7fc \uac70\uc2dc\uacbd\uc81c\uc801 \ubcc0\ub3d9\uc131\uc774 \ud06c\uc9c0\ub9cc, \uc801\ub9bd\uc2dd \ud22c\uc790\uc790\uc5d0\uac8c\ub294 \uc624\ud788\ub824 \uae30\ud68c\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc8fc\uac00\uac00 \uc800\uc810\uc5d0 \uc788\uc744 \ub54c\ub3c4 \ub9e4\ub2ec \uc77c\uc815 \uae08\uc561\uc744 \uafb8\uc900\ud788 \ub9e4\uc218\ud558\uae30 \ub54c\ubb38\uc5d0, \uc8fc\uac00\uac00 \ud68c\ubcf5\ub420 \uc2dc\uc810\uc744 \uae30\ub2e4\ub9b4 \uc218 \uc788\ub2e4\uba74 \uc804\uccb4\uc801\uc778 \ub9e4\uc785 \ub2e8\uac00\ub97c \uc720\ub9ac\ud558\uac8c \uc870\uc815\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud22c\uc790 \uc0c1\ud488\uc73c\ub85c \uc8fc\uc2dd\ud615 \ud380\ub4dc\ub098 ETF\ub97c \uc120\ud0dd\ud560 \ub54c \uacbd\uae30 \uce68\uccb4\uc5d0 \uac15\ud55c \uc5c5\uc885\uc774\ub098 \uae00\ub85c\ubc8c \ubd84\uc0b0 \ud6a8\uacfc\uac00 \uc788\ub294 \uc9c0\uc218 \uc0c1\ud488\uc5d0 \ub208\uc744 \ub3cc\ub9ac\ub294 \uac83\ub3c4 \uc88b\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 IT, \ud5ec\uc2a4\ucf00\uc5b4, \uce5c\ud658\uacbd \uc5d0\ub108\uc9c0 \ub4f1 \uc7a5\uae30\uc801\uc73c\ub85c \uc2dc\uc7a5\uc774 \uc131\uc7a5\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub418\ub294 \uc139\ud130\uc5d0 \uafb8\uc900\ud788 \ud22c\uc790\ud558\ub294 \ubc29\ubc95\ub3c4 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\uc801\ub9bd\uc2dd \ud22c\uc790\ub97c \ud560 \ub54c \ubc18\ub4dc\uc2dc \uc54c\uc544\ub450\uc5b4\uc57c \ud560 \uae08\uc735 \uc6a9\uc5b4\uc640 \uae30\ubcf8 \uc9c0\ud45c\ub4e4\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ucee8\ub300 PER(\uc8fc\uac00\uc218\uc775\ube44\uc728), PBR(\uc8fc\uac00\uc21c\uc790\uc0b0\ube44\uc728), ROE(\uc790\uae30\uc790\ubcf8\uc774\uc775\ub960), \ubc30\ub2f9\uc218\uc775\ub960 \ub4f1\uc774 \uadf8\uac83\uc785\ub2c8\ub2e4. \uac04\ud639 20\ub300 \ud22c\uc790\uc790\ub4e4\uc740 ‘\uc6d4\uae09\ub9cc\ud07c \uacf5\ubd80\ud558\uc790’\ub294 \ub9d0\ucc98\ub7fc \ubcf8\uc778\uc774 \ud22c\uc790\uc5d0 \uc2dc\uac04\uacfc \ub178\ub825\uc744 \ucda9\ubd84\ud788 \ub4e4\uc774\uc9c0 \uc54a\uc740 \ucc44, \ub2e8\uc9c0 \uc720\ud589\ud558\ub294 \uc885\ubaa9\uc774\ub098 \ud14c\ub9c8\ub9cc \ucad3\ub294 \uacbd\uc6b0\uac00 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub294 \ub2e8\ud0c0 \ub9e4\ub9e4\ub098 \ud14c\ub9c8\uc8fc \uc3e0\ub9bc\uacfc \uac19\uc774 \ub192\uc740 \ubcc0\ub3d9\uc131\uc744 \ub3d9\ubc18\ud560 \ubfd0 \uc544\ub2c8\ub77c, \uc9c0\uc18d\uc801\uc778 \uc131\uacfc\ub97c \uae30\ub300\ud558\uae30 \uc5b4\ub835\ub2e4\ub294 \uc704\ud5d8\uc774 \uc788\uc2b5\ub2c8\ub2e4. \uc801\ub9bd\uc2dd \ud22c\uc790\ub77c \ud558\ub354\ub77c\ub3c4 \ucd5c\uc18c\ud55c\uc758 \uc9c0\ud45c\uc640 \uae30\uc5c5 \ubd84\uc11d\uc774 \ub4b7\ubc1b\uce68\ub418\uc5b4\uc57c \uc2dc\uc7a5 \ubcc0\ub3d9\uc5d0 \ud754\ub4e4\ub9ac\uc9c0 \uc54a\ub294 \ud22c\uc790\ub97c \ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\uc774 \uacfc\uc815\uc5d0\uc11c \uc804\ubb38\uac00 \ud639\uc740 \ub178\ub828\ud55c \ud22c\uc790\uc790\ub4e4\uc774 \uc790\uc8fc \uac15\uc870\ud558\ub294 \ubd80\ubd84\uc740 ‘\ud22c\uc790 \ubaa9\uc801 \uc124\uc815’\uc785\ub2c8\ub2e4. 20\ub300\ub294 \uc8fc\ud0dd \uc790\uae08 \ub9c8\ub828\ucc98\ub7fc 10\ub144 \ud6c4, 15\ub144 \ud6c4\uc5d0 \ud544\uc694\ud55c \ubaa9\ub3c8 \ubaa9\ud45c\ub97c \uc7a1\uace0 \uac70\uae30\uc5d0 \ub9de\ucd98 \ud22c\uc790 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc138\uc6b0\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4. \ubaa9\uc801\uc774 \uc815\ud655\ud574\uc57c \ub9e4\ub2ec \uc5bc\ub9c8\uc529 \ud22c\uc790\ud560\uc9c0, \uc5b4\ub5a4 \uc0c1\ud488\uc744 \uc120\ud0dd\ud560\uc9c0, \uc5bc\ub9c8\ub098 \uacf5\uaca9\uc801\uc774\uac70\ub098 \uc548\uc815\uc801\uc778 \ubc29\uc2dd\uc73c\ub85c \uac08\uc9c0 \uacb0\uc815\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub2e8\uc21c\ud788 ‘\uc8fc\uc2dd \ud22c\uc790 \uc2dc\uc138\ucc28\uc775’\ub9cc \ub178\ub9ac\uae30\ubcf4\ub2e4\ub294 \uad6c\uccb4\uc801\uc778 \uc7ac\ubb34 \uacc4\ud68d\uc744 \uc138\uc6b0\uace0 \uadf8\uc5d0 \ub530\ub77c \uc801\ub9bd\uc2dd \ud22c\uc790 \uc804\ub7b5\uc758 \ubc29\ud5a5\uc744 \uc7a1\uc544\uc57c \ud569\ub2c8\ub2e4.\n<\/p>\n\n\ud55c\ud3b8, \uc801\ub9bd\uc2dd \ud22c\uc790\uc5d0 \ub9c8\uc74c\uc744 \uba39\ub354\ub77c\ub3c4 \uac00\uacc4\ubd80\ub97c \uc368\ubcf4\uace0 \uc2e4\uc81c\ub85c \ud22c\uc790\uc5d0 \ud22c\uc785\ud560 \uc218 \uc788\ub294 \uac00\uc6a9 \uc790\uae08\uc744 \uc815\ud655\ud788 \ud30c\uc545\ud558\ub294 \uac83\uc774 \uc120\ud589\ub429\ub2c8\ub2e4. 20\ub300\uc758 \uacbd\uc6b0 \uc0dd\ud65c\ube44, \ucde8\ubbf8, \uad50\uc721\ube44, \ubcf4\ud5d8\ub8cc \ub4f1\uc758 \uc9c0\ucd9c \uad6c\uc870\uac00 \ubcc0\ub3d9\uc801\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \ubb34\ub9ac\ud558\uac8c \ub9ce\uc740 \uae08\uc561\uc744 \uc801\ub9bd\uc2dd \ud22c\uc790\ub85c \ub123\uc5c8\ub2e4\uac00 \uc0dd\ud65c\uc774 \ud718\uccad\uc774\uba74, \uc624\ud788\ub824 \uc7a5\uae30 \ud50c\ub79c\uc774 \uae68\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubcf8\uc778\uc774 \uac10\ub2f9 \uac00\ub2a5\ud55c \uc120\uc5d0\uc11c \ud22c\uc790\ub97c \uc2dc\uc791\ud558\ub418, \uc18c\ub4dd\uc774 \uc99d\uac00\ud558\ub294 \uc2dc\uc810\uc5d0 \ud22c\uc790 \uae08\uc561\uc744 \uc810\uc9c4\uc801\uc73c\ub85c \ub298\ub9ac\ub294 \uac83\uc744 \ucd94\ucc9c\ud569\ub2c8\ub2e4. \uc774\ub807\uac8c \ud558\uba74 \uc0dd\ud65c\uacfc \ud22c\uc790\ub97c \uade0\ud615 \uc788\uac8c \ubcd1\ud589\ud560 \uc218 \uc788\uc5b4 \uc7a5\uae30\uc801\uc778 \uc131\uacf5 \uac00\ub2a5\uc131\uc774 \ub192\uc544\uc9d1\ub2c8\ub2e4.\n<\/p>\n\n\uacb0\uad6d 20\ub300 \uc801\ub9bd\uc2dd \ud22c\uc790\uc758 \ud575\uc2ec\uc740 ‘\uc870\uae08\uc529\uc774\ub77c\ub3c4 \uafb8\uc900\ud788, \uadf8\ub9ac\uace0 \uae38\uac8c’\ub77c\ub294 \ucca0\ud559\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c \ud070 \ub3c8\uc744 \ubc8c\uace0\uc790 \ud558\ub294 \uc695\uc2ec\uc744 \ub0b4\ub824\ub193\uace0, \uaddc\ubaa8\ub294 \uc791\uc544\ub3c4 \ub9e4\uc6d4 \uc2dc\uc7a5\uc5d0 \ucc38\uc5ec\ud568\uc73c\ub85c\uc368 \uc2dc\uc7a5\uc758 \ud3c9\uade0\uc801\uc778 \uc131\uc7a5\uacfc \ubcf5\ub9ac \ud6a8\uacfc\ub97c \ucc28\uadfc\ucc28\uadfc \ub204\ub9b4 \uc218 \uc788\ub294 \uc804\ub7b5\uc774 \ud575\uc2ec\uc785\ub2c8\ub2e4. \ud2b9\ud788 \uc778\uc0dd \uc804\uccb4\ub97c \ub193\uace0 \ubcf4\uba74, 20\ub300\uc5d0 \uc313\uc740 \uae08\uc735 \uc9c0\uc2dd\uacfc \uacbd\ud5d8\uc740 \uc774\ud6c4 30\ub300, 40\ub300 \uc2ec\uc9c0\uc5b4 50\ub300\uae4c\uc9c0 \ud070 \uc790\uc0b0\uc774 \ub429\ub2c8\ub2e4. \ub530\ub77c\uc11c \uc9c0\uae08 \ub2f9\uc7a5\uc740 \uc18c\uc561\uc774\uc5b4\ub3c4, \uafb8\uc900\ud55c \uc801\ub9bd\ud22c\uc790\ub97c \ud1b5\ud574 \uc7a5\uae30\uac04 \uc548\uc815\uc801\uc73c\ub85c \uc7ac\ubb34\uc801 \uc790\uc720\uc5d0 \ud55c \uac78\uc74c\uc529 \ub2e4\uac00\uac00\ub294 \uac83\uc774 \ud604\uba85\ud55c \uc120\ud0dd\uc774 \ub420 \uac83\uc785\ub2c8\ub2e4.\n<\/p>\n<\/p>\n<h2 id=\"%ec%84%b9%ec%85%98-2-%eb%b6%84%ec%82%b0-%ed%88%ac%ec%9e%90%ec%99%80-%ec%83%81%ed%92%88-%ec%84%a0%ed%83%9d-%ec%a0%84%eb%9e%b5-iaBeBMINep\">\uc139\uc158 2: \ubd84\uc0b0 \ud22c\uc790\uc640 \uc0c1\ud488 \uc120\ud0dd \uc804\ub7b5<\/h2>\n\n\uc801\ub9bd\uc2dd \ud22c\uc790\ub97c \ud560 \ub54c \uac00\uc7a5 \uc911\uc694\ud55c \uc804\ub7b5 \uc911 \ud558\ub098\ub294 \ubd84\uc0b0 \ud22c\uc790\uc785\ub2c8\ub2e4. \ubd84\uc0b0 \ud22c\uc790\ub294 \ud55c\ub450 \uc885\ubaa9\uc774\ub098 \ub2e8\uc77c \uc2dc\uc7a5\uc5d0\ub9cc \uc9d1\uc911\ud558\uae30\ubcf4\ub2e4\ub294 \uc5ec\ub7ec \uc0b0\uc5c5\uacfc \uc9c0\uc5ed\uc5d0 \uac78\uccd0 \ud22c\uc790\ud558\ub294 \uac83\uc744 \uc758\ubbf8\ud569\ub2c8\ub2e4. \uc774\ub294 \uc2dc\uc7a5\uc758 \uc608\uce21 \ubd88\uac00\ub2a5\uc131\uc5d0 \ub300\uc751\ud558\uae30 \uc704\ud55c \ubc29\ubc95 \uc911 \ud558\ub098\ub85c, \ud2b9\uc815 \uc790\uc0b0\uad70\uc774 \ud558\ub77d\ud558\ub354\ub77c\ub3c4 \ub2e4\ub978 \uc790\uc0b0\uad70\uc774 \uc774\ub97c \uc0c1\uc1c4\ud574\uc904 \uc218 \uc788\ub294 \uac00\ub2a5\uc131\uc744 \ub192\uc5ec\uc90d\ub2c8\ub2e4. \ud55c\uad6d \uc99d\uc2dc\ub294 \ubb3c\ub860 \ubbf8\uad6d, \uc720\ub7fd, \uc544\uc2dc\uc544 \ub4f1 \uae00\ub85c\ubc8c \uc2dc\uc7a5 \uc0c1\ud669\uc744 \uacf5\ubd80\ud558\uace0 \uade0\ud615 \uc7a1\ud78c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uad6c\uc131\ud558\uba74, \ud55c \ub098\ub77c\uc758 \uacbd\uc81c \uce68\uccb4 \ubc1c\uc0dd \uc2dc\uc5d0\ub3c4 \uc804\ubd80\uac00 \ud754\ub4e4\ub9ac\ub294 \uc704\ud5d8\uc744 \u0646\u0633\u0628\ud654\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n20\ub300 \uc801\ub9bd\uc2dd \ud22c\uc790\uc790\ub4e4\uc740 \ud2b9\ud788 ‘\ub9e4\ub2ec \ub0a9\uc785 \uac00\ub2a5 \uae08\uc561’\uc744 \uae30\uc900\uc73c\ub85c \uc790\uc0b0 \ubd84\ubc30 \uc804\ub7b5\uc744 \uc138\uc6cc\uc57c \ud569\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \uc8fc\uc2dd \uc2dc\uc7a5\uc5d0 \uc808\ubc18, \ucc44\uad8c\uc774\ub098 \uc608\uae08 \ub4f1\uc758 \uc548\uc815\ud615 \uc0c1\ud488\uc5d0 30%, \uadf8\ub9ac\uace0 \ub098\uba38\uc9c0 20%\ub294 \ub300\uccb4 \ud22c\uc790(\uc608: \ub9ac\uce20, \uace8\ub4dc, \uc6d0\uc790\uc7ac \uad00\ub828 ETF \ub4f1)\uc5d0 \ubd84\uc0b0\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ucd5c\uadfc\uc5d0\ub294 \uae08\ub9ac \uc0c1\uc2b9\uacfc \ud568\uaed8 \ucc44\uad8c \uc2dc\uc7a5\ub3c4 \ub2e4\uc2dc \uad00\uc2ec\uc744 \ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc7a5\uae30 \ud22c\uc790 \uad00\uc810\uc5d0\uc11c \uc548\uc815\uc801\uc774\uba74\uc11c\ub3c4 \uc77c\uc815 \uc774\uc790 \uc218\uc775\uc744 \uc81c\uacf5\ud558\ub294 \ucc44\uad8c \ud380\ub4dc, \uc778\ud50c\ub808\uc774\uc158 \uc0c1\ud669\uc5d0\uc11c \uc0c1\ub300\uc801\uc73c\ub85c \uac15\uc138\ub97c \ubcf4\uc774\ub294 \uc6d0\uc790\uc7ac\ub098 \uae08 ETF \ub4f1\uc740 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc548\uc815\ud654\uc5d0 \ub3c4\uc6c0\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\uc0c1\ud488\uc744 \uc120\ud0dd\ud560 \ub54c\ub294 \uac01 \uae08\uc735\uae30\uad00\uc774\ub098 \uc99d\uad8c\uc0ac\uc758 \uc218\uc218\ub8cc\uc640 \uc6b4\uc6a9 \uad00\ub9ac \ubc29\uc2dd\uc744 \uaf3c\uaf3c\ud788 \uc0b4\ud3b4\ubd10\uc57c \ud569\ub2c8\ub2e4. ETF\ub098 \ud380\ub4dc \uac19\uc740 \uacbd\uc6b0, \uc6b4\uc6a9\ubcf4\uc218\uac00 \ub108\ubb34 \ub192\uc73c\uba74 \uc7a5\uae30\uc801\uc73c\ub85c \uc218\uc775\ub960\uc5d0 \ubd80\uc815\uc801 \uc601\ud5a5\uc744 \ubbf8\uce69\ub2c8\ub2e4. \ub610, \ud2b9\uc815 \ud380\ub4dc\uac00 \uacfc\uac70\uc5d0 \uc6b0\uc218\ud55c \uc131\uacfc\ub97c \ub0c8\ub2e4\uace0 \ud574\uc11c \uc55e\uc73c\ub85c\ub3c4 \uacc4\uc18d \uadf8 \uc218\uc775\ub960\uc744 \uc720\uc9c0\ud560 \uac83\uc774\ub77c\uace0 \uc7a5\ub2f4\ud560 \uc218\ub294 \uc5c6\uc2b5\ub2c8\ub2e4. \uc624\ud788\ub824 \ub108\ubb34 \ub2e8\uae30\uac04\uc5d0 \uae09\ub4f1\ud55c \ud380\ub4dc\ub294 \uac70\ud488\uc77c \uac00\ub2a5\uc131\ub3c4 \uc788\uc73c\ubbc0\ub85c, \uc7a5\uae30 \ucd94\uc138\ub97c \ubcf4\uace0 \uaf3c\uaf3c\ud788 \ub530\uc838\ubcf4\ub294 \uc2b5\uad00\uc744 \ub4e4\uc774\ub294 \uac83\uc774 \ud544\uc694\ud569\ub2c8\ub2e4. \uc608\ucee8\ub300 \ucd5c\uadfc 3~5\ub144\uac04\uc758 \uc131\uacfc, \uadf8\ub9ac\uace0 \ud380\ub4dc \ub9e4\ub2c8\uc800\ub098 \uc6b4\uc6a9\uc0ac\uc758 \ud22c\uc790 \ucca0\ud559, \uc6b4\uc6a9 \uc2a4\ud0c0\uc77c \ub4f1\uc744 \uc885\ud569\uc801\uc73c\ub85c \uac80\ud1a0\ud558\uc138\uc694.\n<\/p>\n\n\ub610\ud55c 20\ub300 \ud22c\uc790\uc790\ub4e4\uc740 \ub2e8\uc21c\ud788 \uad6d\ub0b4 \ub300\uae30\uc5c5 \uc704\uc8fc\uc758 \uc9c0\uc218\ud615 ETF\uc5d0\ub9cc \ud22c\uc790\ud558\uae30\ubcf4\ub2e4\ub294 \uae00\ub85c\ubc8c \ud22c\uc790 \uae30\ud68c\ub97c \ubaa8\uc0c9\ud574\uc57c \ud569\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ubbf8\uad6d\uc758 \ub098\uc2a4\ub2e5 \uc9c0\uc218\ub098 S&P 500\uc5d0 \ud22c\uc790\ud558\ub294 ETF, \ud639\uc740 \uc120\uc9c4\uad6d\uacfc \uc2e0\ud765\uad6d \ubaa8\ub450\ub97c \uc544\uc6b0\ub974\ub294 \uc138\uacc4 \uc9c0\uc218\ud615 ETF\ub97c \ucd94\uac00\ub85c \ud3b8\uc785\ud558\ub294 \uac83\ub3c4 \ubc29\ubc95\uc785\ub2c8\ub2e4. \uc774\ub807\uac8c \ud558\uba74 \ud2b9\uc815 \uad6d\uac00\uc758 \uacbd\uc81c \uc0c1\ud669\uc5d0 \uc88c\uc6b0\ub418\uc9c0 \uc54a\uace0, \uae00\ub85c\ubc8c \uacbd\uc81c \uc131\uc7a5 \ud750\ub984\uc744 \uc7a5\uae30\uc801\uc73c\ub85c \ub9db\ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud2b9\ud788 \ubbf8\uad6d \uc2dc\uc7a5\uc740 \uae30\uc220 \uae30\uc5c5 \uc911\uc2ec\uc73c\ub85c \uc131\uc7a5\uc138\uac00 \ub192\uc544, \uc7a5\uae30 \uc218\uc775\ub960 \uce21\uba74\uc5d0\uc11c \ub9e4\ub825\uc801\uc73c\ub85c \ud3c9\uac00\ubc1b\uace0 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\ubd84\uc0b0 \ud22c\uc790\ub97c \ud558\ub418, \ub108\ubb34 \ub9ce\uc740 \uc885\ubaa9\uc774\ub098 \uc0c1\ud488\uc744 \ud55c\uaebc\ubc88\uc5d0 \ub2f4\ub294 \uac83\uc740 \ud53c\ud558\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4. \uc9c0\ub098\uce5c \ubd84\uc0b0\uc740 \uc624\ud788\ub824 \uad00\ub9ac \uc5b4\ub824\uc6c0\uc744 \uc57c\uae30\ud558\uace0, \ud3c9\uade0\ud654\ub41c \uc218\uc775\ub960\uc744 \uac00\uc838\uc62c \uc218 \uc788\uc2b5\ub2c8\ub2e4. 20\ub300 \uc2dc\uc808\uc5d0\ub294 \uaddc\ubaa8 \uc788\ub294 \uc790\uae08\uc744 \uc6b4\uc6a9\ud558\uae30\ubcf4\ub2e4\ub294 \uc801\uc740 \uae08\uc561\uc744 \uc5ec\ub7ec \uacf3\uc5d0 \ub098\ub204\uc5b4 \ub193\uace0 \uafb8\uc900\ud788 \ubaa8\ub2c8\ud130\ub9c1\ud558\ub294 \uac83\uc774 \ubd80\ub2f4\uc2a4\ub7ec\uc6b8 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \ubcf8\uc778\uc774 \uac10\ub2f9\ud560 \uc218 \uc788\ub294 \uc218\uc900\uc758 \uc885\ubaa9 \uc218\ub098 ETF \uac1c\uc218\ub97c \uc124\uc815\ud558\uace0, \uc815\uae30\uc801\uc73c\ub85c \ub9ac\ubc38\ub7f0\uc2f1\uc744 \uc2dc\ud589\ud558\ub294 \ubc29\uc2dd\uc774 \ub354\uc6b1 \ud6a8\uc728\uc801\uc785\ub2c8\ub2e4.\n<\/p>\n\n\uc815\uae30\uc801\uc73c\ub85c \ub9ac\ubc38\ub7f0\uc2f1\uc744 \ud560 \ub54c\ub294 \uc2dc\uc7a5 \ud658\uacbd\uc758 \ubcc0\ud654, \ubcf8\uc778\uc758 \uc7ac\ubb34 \uc0c1\ud669 \ubcc0\ud654, \ud639\uc740 \ubaa9\ud45c \uc2dc\uc810\uc758 \ubcc0\ud654\ub97c \uace0\ub824\ud574\uc57c \ud569\ub2c8\ub2e4. \uc608\ucee8\ub300 \uacf5\uaca9\uc801\uc778 \ud22c\uc790 \ube44\uc728\uc774 \ub108\ubb34 \ub192\uc544 \uc2dc\uc7a5 \ud558\ub77d\uae30 \ub54c \uc190\uc2e4\uc744 \ud06c\uac8c \uc785\uc5c8\ub2e4\uba74, \uc8fc\uc2dd \ube44\uc911\uc744 \uc801\uc808\ud788 \uc904\uc774\uace0 \ucc44\uad8c \ube44\uc911\uc744 \ub298\ub9ac\ub294 \uc2dd\uc758 \uc870\uc815\uc774 \ud544\uc694\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubc18\uba74\uc5d0 \uc790\uc0b0\uc774 \uacc4\uc18d\ud574\uc11c \ubd88\uc5b4\ub098\uba74\uc11c \ud22c\uc790\uac00 \uc5b4\ub290 \uc815\ub3c4 \uc131\uacfc\ub97c \uac70\ub480\ub2e4\uba74, \uc870\uae08 \ub354 \uacf5\uaca9\uc801\uc778 \ud22c\uc790 \uc0c1\ud488\uc744 \ud3ec\ud568\uc2dc\ucf1c \ud5a5\ud6c4 \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5\ub3c4 \uac00\ub2a5\ud569\ub2c8\ub2e4. \uc5b4\uca0c\ub4e0 \uc911\uc694\ud55c \uac83\uc740 \ub098\uc758 \ud22c\uc790 \uc131\ud5a5\uacfc \ubaa9\ud45c \uae30\uac04\uc5d0 \ub9de\ucd94\uc5b4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc720\uc5f0\ud558\uac8c \uad00\ub9ac\ud558\ub294 \uac83\uc785\ub2c8\ub2e4.\n<\/p>\n\n\uc0c1\ud488 \uc120\ud0dd\uc5d0\uc11c \ucd5c\uadfc \uc8fc\ubaa9\ubc1b\ub294 \uc601\uc5ed \uc911 \ud558\ub098\uac00 \ub300\uccb4 \ud22c\uc790\uc785\ub2c8\ub2e4. \uacfc\uac70\uc5d0\ub294 \uae30\uad00 \ud22c\uc790\uc790\ub098 \uace0\uc561 \uc790\uc0b0\uac00 \uc704\uc8fc\ub85c\ub9cc \uc811\uadfc \uac00\ub2a5\ud588\ub358 \uc0ac\ubaa8\ud380\ub4dc, \ubd80\ub3d9\uc0b0 \ud380\ub4dc, \uc778\ud504\ub77c \ud380\ub4dc, \uc6d0\uc790\uc7ac \ud380\ub4dc \ub4f1\uc774 \uc774\uc81c\ub294 \uc18c\uc561\uc73c\ub85c\ub3c4 \uac04\uc811 \ud22c\uc790\ud560 \uc218 \uc788\ub294 \uae38\uc774 \uc5f4\ub838\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ub9ac\uce20(REITs)\ub294 \ubd80\ub3d9\uc0b0 \uc784\ub300 \uc218\uc775\uc744 \ud22c\uc790\uc790\uc5d0\uac8c \ubc30\ub2f9 \ud615\ud0dc\ub85c \ub3cc\ub824\uc8fc\ub294 \uad6c\uc870\ub85c, \uc0c1\ub300\uc801\uc73c\ub85c \uc548\uc815\ub41c \ud604\uae08 \ud750\ub984\uc744 \uc81c\uacf5\ud558\ub294 \uacbd\uc6b0\uac00 \ub9ce\uc2b5\ub2c8\ub2e4. 20\ub300 \ud22c\uc790\uc790\ub77c\ub3c4 \ub9ac\uce20 ETF\uc5d0 \uc801\ub9bd\uc2dd\uc73c\ub85c \ud22c\uc790\ud558\uba74, \uac04\uc811\uc801\uc73c\ub85c \ubd80\ub3d9\uc0b0 \uc2dc\uc7a5\uc5d0 \ucc38\uc5ec\ud558\ub294 \ud6a8\uacfc\ub97c \ub204\ub9b4 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\uc554\ud638\ud654\ud3d0\uc640 \uac19\uc740 \uc0c8\ub85c\uc6b4 \uc790\uc0b0\uad70\uc5d0 \ub300\ud55c \uad00\uc2ec\ub3c4 \uacc4\uc18d \ub192\uc544\uc9c0\uace0 \uc788\uc2b5\ub2c8\ub2e4. 2021~2022\ub144 \uc0ac\uc774\uc5d0 \ube44\ud2b8\ucf54\uc778\uc744 \ube44\ub86f\ud55c \uc8fc\uc694 \ucf54\uc778\uc774 \ud070 \ud3ed\uc758 \uc0c1\uc2b9\uacfc \ud558\ub77d\uc744 \uacbd\ud5d8\ud558\uba74\uc11c, \uace0\uc704\ud5d8-\uace0\uc218\uc775 \uc790\uc0b0\uc774\ub77c\ub294 \uc778\uc2dd\uc774 \uac15\ud574\uc84c\uc2b5\ub2c8\ub2e4. 20\ub300\ub77c\uba74 \uc774\ub97c \uc801\ub9bd\uc2dd \ud3ec\ud2b8\ud3f4\ub9ac\uc624\uc5d0 \uc77c\ubd80 \ubc18\uc601\ud558\ub418, \uc808\ub300\uc801\uc778 \ube44\uc911\uc774 \ub108\ubb34 \ucee4\uc9c0\uc9c0 \uc54a\ub3c4\ub85d \uc8fc\uc758\ud574\uc57c \ud569\ub2c8\ub2e4. \uae00\ub85c\ubc8c \uaddc\uc81c\ub098 \uae30\uc220 \ubc1c\uc804, \uc911\uc559\uc740\ud589 \ub514\uc9c0\ud138\ud654\ud3d0(CBDC) \ub4f1 \ubc14\uc774\ud0c8 \uc694\uc18c\uac00 \ub9ce\uae30 \ub54c\ubb38\uc5d0 \uc554\ud638\ud654\ud3d0 \uc2dc\uc7a5\uc740 \uc608\uce21\ud558\uae30\uac00 \ub9e4\uc6b0 \uc5b4\ub835\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \ud0c4\ud0c4\ud55c \uae30\ucd08 \uc790\uc0b0\uacfc \ubcd1\ud589\ud574\uc11c \uc18c\uc561\uc744 \ubc30\ubd84\ud558\ub294 \uc815\ub3c4\uac00 \uc801\uc808\ud569\ub2c8\ub2e4.\n<\/p>\n\n\uc801\ub9bd\uc2dd \ud22c\uc790\uc5d0\uc11c \uac04\uacfc\ud558\uae30 \uc26c\uc6b4 \ubd80\ubd84\uc774 \ud604\uae08\uc131 \uc790\uc0b0(\uc608\uae08, MMF \ub4f1)\uc758 \ubcf4\uc720\uc785\ub2c8\ub2e4. \uc2dc\ub4dc\uba38\ub2c8\ub97c \ub298\ub9ac\uba74\uc11c\ub3c4 \uac11\uc791\uc2a4\ub7fd\uac8c \uc790\uae08\uc774 \ud544\uc694\ud55c \uc0c1\ud669\uc5d0 \ub300\ube44\ud558\uae30 \uc704\ud574\uc11c\ub294 \ud604\uc870\uae08, \uc989 \uc608\ube44\ube44\ub97c \uc77c\uc815 \ubd80\ubd84 \uc720\uc9c0\ud558\ub294 \uac8c \uc88b\uc2b5\ub2c8\ub2e4. \uc608\ube44\ube44 \uc5c6\uc774 \ubaa8\ub4e0 \uc790\uae08\uc744 \ud22c\uc790\uc5d0 \ubab0\ube75\ud558\uba74, \uc608\uc0c1\uce58 \ubabb\ud55c \uc9c0\ucd9c \uc0c1\ud669\uc5d0\uc11c \ud22c\uc790 \uc790\uae08\uc744 \ub2e4\uae09\ud558\uac8c \ud68c\uc218\ud574\uc57c \ud558\ub294 \uc0c1\ud669\uc774 \uc0dd\uae38 \uc218 \uc788\uc73c\uba70, \uc774\ub294 \uc7a5\uae30 \ud22c\uc790 \uacc4\ud68d\uc744 \ub9dd\uac00\ub728\ub9ac\ub294 \ud575\uc2ec \uc6d0\uc778\uc774 \ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \u2018\uc801\ub9bd\uc2dd\u2019\uc758 \uc758\ubbf8\uac00 \uafb8\uc900\ud568\uc5d0 \uc788\ub294 \ub9cc\ud07c, \ud604\uae08 \ud655\ubcf4 \uc804\ub7b5\ub3c4 \ubcd1\ud589\ud574\uc57c \ud569\ub2c8\ub2e4.\n<\/p>\n\n\uc0c1\ud488 \uc120\ud0dd \uc804\ub7b5\uc744 \ub354\uc6b1 \ud6a8\uc728\uc801\uc73c\ub85c \ub9cc\ub4e4\uae30 \uc704\ud574\uc11c\ub294 \ubcf8\uc778\uc774 \ubb34\uc5c7\uc744 \uc798 \uc54c\uace0, \ubb34\uc5c7\uc744 \ubaa8\ub974\uace0 \uc788\ub294\uc9c0 \uba85\ud655\ud788 \uc790\uac01\ud574\uc57c \ud569\ub2c8\ub2e4. 20\ub300\ub77c\uba74 \ubcf8\uc5c5\uc744 \ud1b5\ud574 \uc5bb\ub294 \uc9c0\uc2dd\uc774\ub098 \uac1c\uc778\uc801 \uad00\uc2ec \ubd84\uc57c\uc5d0\uc11c \ub354 \uae4a\uc740 \uc815\ubcf4\ub97c \uc5bb\uc744 \uc218 \uc788\uc744 \uac83\uc785\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 IT \uc5c5\uacc4\uc5d0 \uc885\uc0ac\ud558\ub294 \uc0ac\ub78c\uc774\ub77c\uba74 \uad00\ub828\ub41c \uae30\uc220 \ubc0f \uae30\uc5c5 \ub3d9\ud5a5\uc5d0 \ub300\ud574 \ub354 \uc798 \ud30c\uc545\ud560 \uc218 \uc788\uace0, \uadf8\uc5d0 \ub9de\ucdb0 \uc8fc\uc2dd\uc774\ub098 ETF\ub97c \uc120\uc815\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubc18\uba74 \uc804\ud600 \ubb38\uc678\ud55c\uc778 \uc5c5\uc885\uc774\ub098 \uc139\ud130\uc5d0\ub294 \uc131\uae09\ud788 \ud22c\uc790\ud558\uae30\ubcf4\ub2e4\ub294 \uba3c\uc800 \uacf5\ubd80\ud558\uace0 \uc804\ubb38\uac00 \uc758\uacac\uc744 \ucc38\uace0\ud558\uba70 \ucc9c\ucc9c\ud788 \uc811\uadfc\ud558\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\uacb0\uad6d \ubd84\uc0b0 \ud22c\uc790\uc640 \uc0c1\ud488 \uc120\ud0dd\uc758 \uad81\uadf9\uc801\uc778 \ubaa9\ud45c\ub294 ‘\uc2dc\uc7a5\uc5d0\uc11c\uc758 \ubd88\ud655\uc2e4\uc131\uc5d0 \ud6a8\uacfc\uc801\uc73c\ub85c \ub300\uc751\ud558\uba74\uc11c, \uafb8\uc900\ud788 \uc790\uc0b0\uc744 \ub298\ub9ac\ub294 \uac83’\uc785\ub2c8\ub2e4. \uae09\ubcc0\ud558\ub294 \uacbd\uc81c \ud658\uacbd\uc5d0\uc11c \ub9e4\ubc88 \uc608\uce21\uc744 \uc644\ubcbd\ud558\uac8c \ud560 \uc218\ub294 \uc5c6\uc73c\ub098, \uc790\uc0b0\uad70\uc744 \uc801\uc808\ud788 \ub098\ub204\uace0 \uc815\uae30\uc801\uc73c\ub85c \ub9ac\ubc38\ub7f0\uc2f1\ud55c\ub2e4\uba74 \uc7a5\uae30\uc801\uc778 \uc704\ud5d8\uc744 \ud06c\uac8c \uc904\uc77c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud22c\uc790\uc758 \uc804 \uacfc\uc815\uc740 \uc0ac\uc2e4\uc0c1 ‘\uc9c0\uc18d\uc801\uc778 \ud559\uc2b5\uacfc \uc801\uc751’\uc774\uba70, 20\ub300 \uc2dc\uc808\uc758 \uc801\ub9bd\uc2dd \ud22c\uc790\ub294 \uc774\ub97c \uccb4\ud654\ud558\uae30\uc5d0 \uac00\uc7a5 \uc88b\uc740 \ud6c8\ub828\uc7a5\uc774 \ub429\ub2c8\ub2e4.\n<\/p>\n<\/p>\n<h2 id=\"%ec%84%b9%ec%85%98-3-%ec%b5%9c%ea%b7%bc-%ec%8b%9c%ec%9e%a5-%ed%8a%b8%eb%a0%8c%eb%93%9c%ec%99%80-%eb%a6%ac%ec%8a%a4%ed%81%ac-%ea%b4%80%eb%a6%ac-iaBeBMINep\">\uc139\uc158 3: \ucd5c\uadfc \uc2dc\uc7a5 \ud2b8\ub80c\ub4dc\uc640 \ub9ac\uc2a4\ud06c \uad00\ub9ac<\/h2>\n\n2023\ub144\uc5d0 \uc811\uc5b4\ub4e4\uba74\uc11c \uc804 \uc138\uacc4 \uae08\uc735 \uc2dc\uc7a5\uc740 \ubd88\ud655\uc2e4\uc131\uc774 \ud55c\uce35 \ub192\uc544\uc9c4 \uc0c1\ud0dc\uc785\ub2c8\ub2e4. \ubbf8\uad6d \uc5f0\ubc29\uc900\ube44\uc81c\ub3c4(Fed)\uc758 \uc9c0\uc18d\uc801\uc778 \uae08\ub9ac \uc778\uc0c1 \uc815\ucc45, \uc720\ub7fd\uc758 \uacbd\uae30 \uce68\uccb4 \uc6b0\ub824, \uadf8\ub9ac\uace0 \uc544\uc2dc\uc544 \uc2dc\uc7a5\uc758 \ud68c\ubcf5 \uc9c0\uc5f0 \ub4f1 \ub2e4\uc591\ud55c \ubcc0\uc218\ub4e4\uc774 \ub3d9\uc2dc\ub2e4\ubc1c\uc801\uc73c\ub85c \uc791\uc6a9\ud569\ub2c8\ub2e4. \uc774\ub7f0 \uc2dc\uae30\uc5d0\ub294 20\ub300 \uc801\ub9bd\uc2dd \ud22c\uc790\uc790\ub77c\ub3c4 \ub9c9\uc5f0\ud788 ‘\uc7a5\uae30\uc801\uc73c\ub85c \uc624\ub974\uaca0\uc9c0’\ub77c\ub294 \uc548\uc77c\ud568\uc5d0 \ube60\uc9c0\uae30\ubcf4\ub2e4\ub294 \uc2dc\uc7a5 \ud2b8\ub80c\ub4dc\ub97c \uc8fc\uc2dc\ud558\uba70 \ub9ac\uc2a4\ud06c\ub97c \uccb4\uacc4\uc801\uc73c\ub85c \uad00\ub9ac\ud574\uc57c \ud569\ub2c8\ub2e4. \uac70\uc2dc\uacbd\uc81c\uac00 \uc608\uc0c1\uacfc \ub2e4\ub974\uac8c \ud06c\uac8c \ud754\ub4e4\ub9b4 \uc218 \uc788\uae30 \ub54c\ubb38\uc5d0, \uc804\ub7b5\uc801 \uc0ac\uace0\uc640 \ucca0\uc800\ud55c \uc900\ube44\uac00 \ud544\uc694\ud569\ub2c8\ub2e4.\n<\/p>\n\n\uac00\ub839 \uae08\ub9ac \uc778\uc0c1 \uae30\uc870\ub294 \uc8fc\uc2dd \uc2dc\uc7a5\uc5d0 \ubd80\ub2f4\uc73c\ub85c \uc791\uc6a9\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uae30\uc5c5\uc758 \ucc28\uc785 \ube44\uc6a9\uc774 \uc99d\uac00\ud568\uc5d0 \ub530\ub77c \uc774\uc775\uc774 \uc904\uc5b4\ub4e4 \uac00\ub2a5\uc131\uc774 \uc788\uace0, \uc131\uc7a5\uc8fc\ubcf4\ub2e4\ub294 \uac00\uce58\uc8fc\uac00 \uc720\ub9ac\ud55c \ud750\ub984\uc774 \uc804\uac1c\ub420 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7f4 \ub54c \uc801\ub9bd\uc2dd \ud22c\uc790\uc790\ub294 \ub9e4\ub2ec \ub3d9\uc77c \uae08\uc561\uc744 \uacc4\uc18d \ud22c\uc790\ud558\ub354\ub77c\ub3c4 \uae30\uc874\uc758 \uc131\uc7a5\uc8fc \uc911\uc2ec \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc5b4\ub290 \uc815\ub3c4 \uc870\uc815\ud560 \ud544\uc694\uac00 \uc788\uc2b5\ub2c8\ub2e4. \ub192\uc740 \ubc38\ub958\uc5d0\uc774\uc158\uc774 \uc18d\ud588\ub358 \uc885\ubaa9\uc774\ub77c\uba74 \uae08\ub9ac \uc778\uc0c1\uc758 \uc601\ud5a5\uc73c\ub85c \uac00\uaca9\uc774 \ud070 \ud3ed\uc73c\ub85c \ub5a8\uc5b4\uc9c8 \uc218 \uc788\uc73c\ubbc0\ub85c, \uc880 \ub354 \ubcf4\uc218\uc801 \uad00\uc810\uc5d0\uc11c \ub9ac\uc2a4\ud06c \uad00\ub9ac\ub97c \uac15\ud654\ud574\uc57c \ud569\ub2c8\ub2e4. \uc774\ub294 \uace7 \uc139\ud130 \ub610\ub294 \ud14c\ub9c8 \ubd84\uc0b0\uc758 \uc911\uc694\uc131\uc73c\ub85c \uc5f0\uacb0\ub429\ub2c8\ub2e4.\n<\/p>\n\n\uc778\ud50c\ub808\uc774\uc158\ub3c4 \ube7c\ub193\uc744 \uc218 \uc5c6\ub294 \uc8fc\uc694 \ubcc0\uc218\uc785\ub2c8\ub2e4. \ubb3c\uac00 \uc0c1\uc2b9\uc774 \ube60\ub974\uac8c \uc9c4\ud589\ub418\uba74, \uae30\uc5c5\ub4e4\uc740 \uc6d0\uc7ac\ub8cc\ube44\uc640 \uc778\uac74\ube44 \ub4f1 \ube44\uc6a9 \ubd80\ub2f4\uc774 \ucee4\uc838 \uc218\uc775\uc131\uc774 \uc545\ud654\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubc18\uba74, \uc2e4\ubb3c \uc790\uc0b0(\ubd80\ub3d9\uc0b0, \uc6d0\uc790\uc7ac, \uae08 \ub4f1)\uc5d0 \ud22c\uc790\ud588\uc744 \uacbd\uc6b0 \uc778\ud50c\ub808\uc774\uc158\uc774 \uc77c\uc815 \ubd80\ubd84 \uc790\uc0b0 \uac00\uaca9 \uc0c1\uc2b9\uc73c\ub85c \uc774\uc5b4\uc9c8 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uadf8\ub807\uae30\uc5d0 20\ub300 \uc801\ub9bd\uc2dd \ud22c\uc790\uc790\ub77c \ud560\uc9c0\ub77c\ub3c4 \uc778\ud50c\ub808\uc774\uc158 \ud5e4\uc9c0(hedge)\ub97c \uc704\ud574 \uc778\ud504\ub77c \ud380\ub4dc\ub098 \uc6d0\uc790\uc7ac ETF \ub4f1\uc744 \uc870\uae08\uc529 \ub2f4\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud574\ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uad6d\ub0b4\uc678 \ucd5c\uc2e0 \uacbd\uc81c \uc9c0\ud45c\uc640 \uc911\uc559\uc740\ud589\ub4e4\uc758 \uc815\ucc45 \ubc29\ud5a5\uc744 \uafb8\uc900\ud788 \ubaa8\ub2c8\ud130\ub9c1\ud558\ub294 \uc2b5\uad00\uc774 \ud544\uc694\ud569\ub2c8\ub2e4.\n<\/p>\n\n\ub9ac\uc2a4\ud06c \uad00\ub9ac\uc5d0\uc11c \uc911\uc694\ud55c \uac83\uc740 \uac10\uc815\uc801\uc778 \ub300\uc751\uc744 \ubc30\uc81c\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \uc2dc\uc7a5\uc774 \ud558\ub77d \uad6d\uba74\uc5d0 \uc811\uc5b4\ub4e4\uba74, \ubcf8\ub2a5\uc801\uc73c\ub85c \ubaa8\ub4e0 \uc790\uae08\uc744 \ube7c\uace0 \uc2f6\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \uc801\ub9bd\uc2dd \ud22c\uc790\uc758 \ubcf8\uc9c8\uc740 ‘\uc7a5\uae30\uc801 \uad00\uc810\uc5d0\uc11c \ud3c9\uade0 \ub9e4\uc218 \ub2e8\uac00\ub97c \ub0ae\ucd94\ub294 \uac83’\uc774\ubbc0\ub85c, \uc624\ud788\ub824 \ud558\ub77d\uc7a5\uc5d0\uc11c\ub3c4 \uc77c\uc815 \uae08\uc561\uc744 \uafb8\uc900\ud788 \ud22c\uc785\ud568\uc73c\ub85c\uc368 \ud68c\ubcf5\uae30\uc5d0 \ud070 \uc774\uc775\uc744 \ubcfc \uc218 \uc788\ub294 \uad6c\uc870\ub97c \ub9c8\ub828\ud558\ub294 \uac83\uc785\ub2c8\ub2e4. \ub2e4\ub9cc, \uc774\uac83\uc774 \ubb34\uc791\uc815 \ubc84\ud2f0\ub294 \uac83\uacfc\ub294 \ub2e4\ub985\ub2c8\ub2e4. \uac1c\ubcc4 \uc885\ubaa9\uc758 \ud380\ub354\uba58\ud138\uc774 \uc2ec\uac01\ud558\uac8c \ud6fc\uc190\ub418\uc5c8\uac70\ub098, \uae30\uc874\uc758 \ud22c\uc790 \uac00\uc815\uc774 \uae68\uc84c\ub2e4\uba74 \uc801\uc808\ud788 \uc190\uc808 \ub9e4\ub3c4\ud558\uac70\ub098 \ub2e4\ub978 \uc790\uc0b0\uc73c\ub85c \uac08\uc544\ud0c0\ub294 \uacb0\ub2e8\ub3c4 \ud544\uc694\ud569\ub2c8\ub2e4.\n<\/p>\n\n\ucd5c\uadfc MZ\uc138\ub300\ub97c \uc911\uc2ec\uc73c\ub85c\ub294 \uc790\ub3d9\ud22c\uc790 \uc11c\ube44\uc2a4\uc640 \ub85c\ubcf4\uc5b4\ub4dc\ubc14\uc774\uc800\ub97c \uc0ac\uc6a9\ud558\ub294 \uacbd\uc6b0\ub3c4 \ub298\uace0 \uc788\uc2b5\ub2c8\ub2e4. \ub85c\ubcf4\uc5b4\ub4dc\ubc14\uc774\uc800\ub294 \uc54c\uace0\ub9ac\uc998\uacfc \uc778\uacf5\uc9c0\ub2a5\uc744 \uae30\ubc18\uc73c\ub85c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc790\ub3d9 \uad6c\uc131\ud558\uace0 \ub9ac\ubc38\ub7f0\uc2f1\ud574\uc8fc\ub294 \uc11c\ube44\uc2a4\uc785\ub2c8\ub2e4. \ud2b9\ud788 \uc801\ub9bd\uc2dd \ud22c\uc790\ucc98\ub7fc \uc77c\uc815 \uae08\uc561\uc744 \uafb8\uc900\ud788 \ub123\ub294 \ud22c\uc790 \ubc29\uc2dd\uc744 \ud560 \ub54c, \ub85c\ubcf4\uc5b4\ub4dc\ubc14\uc774\uc800\ub294 \ubaa9\ud45c \uc218\uc775\ub960\uc774\ub098 \uc704\ud5d8 \ud5c8\uc6a9 \uc218\uc900\uc5d0 \ub530\ub77c \uc885\ubaa9 \ub610\ub294 \ud380\ub4dc\ub97c \uc54c\uc544\uc11c \ubd84\uc0b0\ud574\uc8fc\uae30\ub3c4 \ud569\ub2c8\ub2e4. \uae08\uc735\uac10\ub3c5\uc6d0\uc5d0\uc11c \ubc1c\ud45c\ud55c \uc790\ub8cc\uc5d0 \ub530\ub974\uba74 \ub85c\ubcf4\uc5b4\ub4dc\ubc14\uc774\uc800\ub97c \uc774\uc6a9\ud55c \ud22c\uc790 \uaddc\ubaa8\uac00 \ucd5c\uadfc \uba87 \ub144\uac04 \uafb8\uc900\ud788 \uc99d\uac00\ud558\uace0 \uc788\uace0, \uae30\uc220\uc801\uc778 \uc815\ud655\ub3c4 \uc5ed\uc2dc \uc810\ucc28 \uac1c\uc120\ub418\ub294 \ucd94\uc138\uc785\ub2c8\ub2e4.\n<\/p>\n\n\uadf8\ub7ec\ub098 \ud3b8\ub9ac\ud568 \ub4a4\uc5d0 \uc228\uc740 \ub2e8\uc810\ub3c4 \uc874\uc7ac\ud569\ub2c8\ub2e4. \ub85c\ubcf4\uc5b4\ub4dc\ubc14\uc774\uc800\uac00 \uc81c\uc548\ud558\ub294 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub294 \uacfc\uac70 \ub370\uc774\ud130\ub098 \uc54c\uace0\ub9ac\uc998\uc5d0 \uae30\ubc18\ud558\uc5ec \uad6c\uc131\ub418\uae30 \ub54c\ubb38\uc5d0, \uc608\uce21\ud558\uae30 \uc5b4\ub824\uc6b4 \ub3cc\ubc1c \ubcc0\uc218\uac00 \ubc1c\uc0dd\ud588\uc744 \ub54c \uc720\uc5f0\ud558\uac8c \ub300\ucc98\ud558\uc9c0 \ubabb\ud560 \uac00\ub2a5\uc131\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ucee8\ub300 \ucf54\ub85c\ub09819 \uc0ac\ud0dc\ub098 \uc9c0\uc815\ud559\uc801 \ubd84\uc7c1 \uac19\uc740 \uc774\ubca4\ud2b8\ub294 \uc9e7\uc740 \uc2dc\uae30\uc5d0 \uc2dc\uc7a5\uc744 \uae09\ubcc0\uc2dc\ucf30\uace0, \uae30\uc874 \ubaa8\ub378\uc774 \uc774\ub97c \uc628\uc804\ud788 \ubc18\uc601\ud558\uae30\uac00 \uc27d\uc9c0 \uc54a\uc558\uc2b5\ub2c8\ub2e4. \ub530\ub77c\uc11c \ub85c\ubcf4\uc5b4\ub4dc\ubc14\uc774\uc800\ub97c \uc774\uc6a9\ud558\ub354\ub77c\ub3c4 \uc8fc\uae30\uc801\uc73c\ub85c \uad8c\uace0 \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \uc810\uac80\ud558\uace0, \ubcf8\uc778\uc758 \ud22c\uc790 \ucca0\ud559\uacfc \ub9de\ub294\uc9c0 \ud655\uc778\ud558\ub294 \uacfc\uc815\uc774 \uc911\uc694\ud569\ub2c8\ub2e4.\n<\/p>\n\n\ucd5c\uadfc \uad6d\ub0b4 \uc99d\uc2dc\ub97c \ubcf4\uba74, K-\uac8c\uc784, K-\ubc14\uc774\uc624, 2\ucc28 \uc804\uc9c0 \ub4f1 \ud2b9\uc815 \ud14c\ub9c8\uc8fc\uac00 \uae09\ub4f1\ub77d\uc744 \ubc18\ubcf5\ud558\ub294 \ubaa8\uc2b5\uc744 \ubcf4\uc774\uace4 \ud569\ub2c8\ub2e4. \ud14c\ub9c8\uc8fc\uc5d0 \uc801\ub9bd\uc2dd\uc73c\ub85c \ud22c\uc790\ud558\uba74, \uc7a5\uae30\uc801 \uc131\uc7a5 \uac00\ub2a5\uc131\uc774 \uc788\ub294 \uc139\ud130\ub97c \uc120\uc810\ud558\ub294 \uc7a5\uc810\uc774 \uc788\uc744 \uc218 \uc788\uc9c0\ub9cc, \ubc18\ub300\ub85c \uae09\ub4f1 \uc774\ud6c4 \uc2ec\uac01\ud55c \uc870\uc815\uc744 \ub9de\uc744 \uc704\ud5d8\ub3c4 \ud07d\ub2c8\ub2e4. \ub9cc\uc57d \ud14c\ub9c8\uc8fc \uc3e0\ub9bc\uc774 \uc9c0\ub098\uce58\uba74, 20\ub300 \ud22c\uc790\uc790\ub4e4\uc740 \uc77c\ubd80\ub9cc \ud574\ub2f9 \ud14c\ub9c8\uc5d0 \ud560\ub2f9\ud558\uace0 \ub098\uba38\uc9c0\ub294 \uc548\uc815\uc801\uc778 \uc778\ub371\uc2a4\ub098 \ucc44\uad8c\ud615, \ud604\uae08\uc131 \uc790\uc0b0\uc73c\ub85c \ubd84\uc0b0\ud558\ub294 \ud615\ud0dc\uac00 \uc88b\uc2b5\ub2c8\ub2e4. ‘\ubaa8\ub450\uac00 \uc88b\ub2e4\uace0 \ud560 \ub54c\uac00 \uc624\ud788\ub824 \uace0\uc810’\uc774\ub77c\ub294 \uc2dc\uc7a5 \uaca9\uc5b8\uc744 \ub298 \uc5fc\ub450\uc5d0 \ub450\uc5b4\uc57c \ud569\ub2c8\ub2e4.\n<\/p>\n\n\ub9ac\uc2a4\ud06c \uad00\ub9ac\ub97c \uc704\ud574\uc11c\ub294 \ud22c\uc790 \uae08\uc561\uc774 \ub298\uc5b4\ub098\ub294 \ub9cc\ud07c \ubcf4\uc548\uc758 \uce21\uba74\ub3c4 \ubb34\uc2dc\ud560 \uc218 \uc5c6\uc2b5\ub2c8\ub2e4. \ucd5c\uadfc \ud53c\uc2f1\uc774\ub098 \ud574\ud0b9\uc73c\ub85c \uc778\ud55c \uae08\uc735\uc0ac\uace0 \uc0ac\ub840\uac00 \ub04a\uc774\uc9c0 \uc54a\uace0 \uc788\ub294\ub370, \uc624\ub79c \uae30\uac04 \ubaa8\uc740 \ud22c\uc790\uae08\uc744 \ud574\ud0b9\uc73c\ub85c \uc783\ub294 \uc0ac\ud0dc\ub294 \uadf8\uc57c\ub9d0\ub85c \uce58\uba85\uc801\uc785\ub2c8\ub2e4. \ub530\ub77c\uc11c 2\ucc28 \uc778\uc99d, OTP \uc0ac\uc6a9, \uc815\uae30\uc801\uc778 \ubcf4\uc548 \uc810\uac80 \ub4f1 \uae30\ubcf8\uc801\uc778 \uc548\uc804\uc7a5\uce58\ub97c \ub9c8\ub828\ud574\uc57c \ud569\ub2c8\ub2e4. 20\ub300\ubd80\ud130 \uc774\ub7f0 \uc2b5\uad00\uc744 \ub4e4\uc5ec\ub193\uc73c\uba74, \uc790\uc0b0 \uaddc\ubaa8\uac00 \ucee4\uc84c\uc744 \ub54c\ub3c4 \uc548\uc815\uc801\uc73c\ub85c \ud22c\uc790 \ud65c\ub3d9\uc744 \uc774\uc5b4\uac08 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\ud574\uc678 \uc8fc\uc2dd\uc5d0 \ud22c\uc790\ud558\ub294 \uacbd\uc6b0, \ub2ec\ub7ec \ud658\uc728 \ubcc0\ub3d9\ub3c4 \uc911\uc694\ud55c \ub9ac\uc2a4\ud06c \ubcc0\uc218\ub85c \uc791\uc6a9\ud569\ub2c8\ub2e4. 2022~2023\ub144 \uc0ac\uc774 \ub2ec\ub7ec \uac15\uc138\uac00 \uc9c0\uc18d\ub418\uba74\uc11c \uad6d\ub0b4 \ud22c\uc790\uc790\ub4e4\uc758 \ud658\ucc28\uc190 \uc774\uc288\uac00 \uc77c\ubd80 \ubc1c\uc0dd\ud588\uc2b5\ub2c8\ub2e4. \uc801\ub9bd\uc2dd \ud22c\uc790\ub77c\uba74 \uc774\ub97c \uc5b4\ub290 \uc815\ub3c4 \uc911\ud654\uc2dc\ud0ac \uc218 \uc788\uc9c0\ub9cc, \ud658 \ub9ac\uc2a4\ud06c\ub97c \ubb34\uc2dc\ud560 \uc218\ub294 \uc5c6\uc2b5\ub2c8\ub2e4. \ud658\ud5e4\uc9c0 \uc0c1\ud488\uc774 \uc788\ub294\uc9c0, \uc544\ub2c8\uba74 \ud658\ucc28\uc775\uc744 \ub178\ub9b4 \uac83\uc778\uc9c0 \uc804\ub7b5\uc744 \uc138\uc6cc\ub450\ub294 \uac83\uc774 \uc88b\uc2b5\ub2c8\ub2e4. \uc77c\ubd80 \uc0ac\ub78c\ub4e4\uc740 \uad6d\ub0b4 \uc8fc\uc2dd\uacfc \ub354\ubd88\uc5b4 \ub2ec\ub7ec \uc608\uae08\uc744 \uc77c\uc815 \ubd80\ubd84 \uac00\uc838\uac00\uba74\uc11c \ud658 \ubcc0\ub3d9\uc131\uc5d0 \ub300\ube44\ud558\uae30\ub3c4 \ud569\ub2c8\ub2e4.\n<\/p>\n\n\uacb0\ub860\uc801\uc73c\ub85c 2023\ub144 \uc774\ud6c4 \uc2dc\uc7a5 \ud2b8\ub80c\ub4dc\ub294 \ubd88\ud655\uc2e4\uc131\uacfc \ubcc0\ub3d9\uc131\uc774 \ud655\uc2e4\ud788 \ub192\uc544\uc9c4 \uc0c1\ud669\uc774\ub77c\uace0 \ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. 20\ub300 \uc801\ub9bd\uc2dd \ud22c\uc790\uc790\ub85c\uc11c \uc131\uacf5\ud558\uae30 \uc704\ud574\uc11c\ub294 \ub2e8\uc21c\ud788 ‘\ub9e4\ub2ec \uc5bc\ub9c8\uc529 \ub123\ub294\ub2e4’\uc5d0 \uadf8\uce58\uc9c0 \uc54a\uace0, \uac70\uc2dc\uacbd\uc81c \ud750\ub984\uacfc \uae08\ub9ac, \ud658\uc728, \uc720\ub9dd \uc0b0\uc5c5 \ub4f1\uc744 \uc9c0\uc18d\uc801\uc73c\ub85c \uad00\ucc30\ud558\uba70 \ub9ac\uc2a4\ud06c\ub97c \ubd84\uc0b0\ud558\uace0 \ud1b5\uc81c\ud560 \uc904 \uc54c\uc544\uc57c \ud569\ub2c8\ub2e4. \uc774\ub97c \uc704\ud574\uc11c\ub294 \uafb8\uc900\ud55c \uc815\ubcf4 \ud0d0\uc0c9\uacfc \ud559\uc2b5\uc774 \ud544\uc218\uc774\uba70, \ub54c\ub85c\ub294 \uc804\ubb38\uac00\uc758 \uc870\uc5b8\uc774\ub098 \uc9c0\ud45c\ub97c \uc801\uadf9 \ud65c\uc6a9\ud558\ub294 \uac83\ub3c4 \uc88b\uc740 \ubc29\ubc95\uc785\ub2c8\ub2e4.\n<\/p>\n\n\ud655\uc2e4\ud55c \uac83\uc740, \uc774\ub7f0 \ubd88\ud655\uc2e4\uc131\uc758 \uc2dc\ub300\uc5d0\uc11c\ub3c4 \uc801\ub9bd\uc2dd \ud22c\uc790 \uc804\ub7b5\uc740 \uc5ec\uc804\ud788 \uc720\ud6a8\ud558\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4. \uc624\ub79c \uae30\uac04\uc5d0 \uac78\uccd0 \uc800\uc810\uacfc \uace0\uc810\uc744 \ud3c9\uade0\ud654\ud558\uace0, \ubcf5\ub9ac \ud6a8\uacfc\ub97c \ub204\ub9b4 \uc218 \uc788\ub294 \ucd5c\uc801\uc758 \ubc29\ubc95 \uc911 \ud558\ub098\uc774\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \ub2e4\ub9cc, \uac15\uc870\ud558\ub4ef\uc774 \ubc14\ub78c\uc9c1\ud55c \ubaa9\ud45c \uc124\uc815\uacfc \ub9ac\ubc38\ub7f0\uc2f1, \uadf8\ub9ac\uace0 \uc885\ubaa9\uc774\ub098 \uc0b0\uc5c5\uc5d0 \ub300\ud55c \uc2ec\uce35 \uc774\ud574\uac00 \uc218\ubc18\ub418\uc5b4\uc57c\ub9cc \ud558\uc8e0. 20\ub300\uc5d0 \uc774\ub7ec\ud55c \uc2b5\uad00\uc744 \ub4e4\uc774\uba74 \ud5a5\ud6c4 \uc911\uc7a5\uae30\uc801 \uc790\uc0b0 \ud615\uc131\uc5d0 \uac15\ub825\ud55c \ucd94\uc9c4\ub825\uc774 \ub420 \uac83\uc785\ub2c8\ub2e4.\n<\/p>\n<\/p>\n<h2 id=\"%ec%84%b9%ec%85%98-4-%ec%9e%a5%ea%b8%b0%ec%a0%81-%ec%84%b1%ea%b3%b5-%ec%82%ac%eb%a1%80%ec%99%80-%ec%8b%a4%ec%b2%9c-%ea%b0%80%ec%9d%b4%eb%93%9c-iaBeBMINep\">\uc139\uc158 4: \uc7a5\uae30\uc801 \uc131\uacf5 \uc0ac\ub840\uc640 \uc2e4\ucc9c \uac00\uc774\ub4dc<\/h2>\n\n\uc801\ub9bd\uc2dd \ud22c\uc790\ub85c \ud070 \uc218\uc775\uc744 \ub0b8 \ub300\ud45c\uc801\uc778 \uc0ac\ub840 \uc911 \ud558\ub098\ub294 ‘\uc874 \ubcf4\uae00(John C. Bogle)’\uc774 \ucc3d\uc2dc\ud55c \uc778\ub371\uc2a4 \ud380\ub4dc\ub97c \ud1b5\ud55c \uc7a5\uae30 \ud22c\uc790 \uc774\uc57c\uae30\uc785\ub2c8\ub2e4. \uadf8\ub294 \uc2dc\uc2dc\uac01\uac01 \uc2dc\uc7a5\uc744 \uc608\uce21\ud558\uae30\ubcf4\ub2e4\ub294, \uc7a5\uae30\uc801\uc73c\ub85c \uacbd\uc81c\uc640 \uae30\uc5c5\uc758 \uc131\uc7a5\uc5d0 \ud22c\uc790\ud558\ub294 \uac83\uc774 \uad81\uadf9\uc801\uc73c\ub85c \uc218\uc775\ucc3d\ucd9c\uc5d0 \ub3c4\uc6c0\uc774 \ub41c\ub2e4\uace0 \uac15\uc870\ud588\uc2b5\ub2c8\ub2e4. \ubbf8\uad6d \uc2dc\uc7a5\uc758 \uacbd\uc6b0, S&P 500 \uc9c0\uc218\uac00 \uc5f0\ud3c9\uade0 7~8% \uc815\ub3c4\uc758 \uc218\uc775\ub960(\ubb3c\uac00 \uc0c1\uc2b9\ub960 \uc870\uc815 \ud6c4)\uc744 \uae30\ub85d\ud574 \uc654\ub2e4\ub294 \ud1b5\uacc4\uac00 \uc788\ub294\ub370, \uc774\ub97c \ud65c\uc6a9\ud574 \uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \uc624\ub7ab\ub3d9\uc548 \ud22c\uc790\ud588\uc744 \ub54c \ub192\uc740 \ubcf5\ub9ac \uc218\uc775\uc744 \uac70\ub454 \ud22c\uc790\uc790\ub4e4\uc774 \ub9ce\uc2b5\ub2c8\ub2e4. \uc774 \uc0ac\ub840\ub294 20\ub300\ucc98\ub7fc \uc2dc\uac04\uc774 \ud48d\ubd80\ud55c \uc138\ub300\uc5d0\uac8c \ud070 \uc2dc\uc0ac\uc810\uc744 \uc90d\ub2c8\ub2e4.\n<\/p>\n\n\uad6d\ub0b4\uc5d0\uc11c\ub3c4 \ube44\uc2b7\ud55c \uc131\uacf5 \uc0ac\ub840\ub4e4\uc774 \ubcf4\uace0\ub418\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ucee8\ub300 \uc0bc\uc131\uc804\uc790, SK\ud558\uc774\ub2c9\uc2a4 \ub4f1 \ub300\ud45c \uae30\uc220\uc8fc\uc758 \uacbd\uc6b0, 10\ub144 \uc774\uc0c1 \uafb8\uc900\ud788 \uc801\ub9bd\uc2dd\uc73c\ub85c \ud22c\uc790\ud588\ub354\ub77c\uba74 \uc6d0\uae08 \ub300\ube44 \ub9e4\uc6b0 \ud070 \uc2dc\uc138\ucc28\uc775\uc744 \uc5bb\uc744 \uc218 \uc788\uc5c8\uc2b5\ub2c8\ub2e4. \ubb3c\ub860 \uc911\uac04\uc911\uac04 \uae00\ub85c\ubc8c \uae08\uc735\uc704\uae30, \ucf54\ub85c\ub09819 \uc1fc\ud06c \uac19\uc740 \uae09\ub77d\uc7a5\uc774 \uc788\uc5c8\uace0, \uadf8 \uc2dc\uae30\uc5d0 \uc9c4\uc785\ud588\uac70\ub098 \ubb3c\ub9b0 \ud22c\uc790\uc790\ub4e4\ub3c4 \uc874\uc7ac\ud569\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \uc801\ub9bd\uc2dd\uc73c\ub85c \uafb8\uc900\ud788 \ub9e4\uc218\ud574\uc654\ub358 \uc774\ub4e4\uc740 \ud558\ub77d \uc2dc\uc5d0\ub3c4 \ucd94\uac00 \ub9e4\uc218 \uae30\ud68c\ub97c \uc5bb\uc5b4 \ud3c9\uade0 \ub2e8\uac00\ub97c \ub0ae\ucd94\uc5c8\uace0, \uc774\ud6c4 \ubc18\ub4f1\uae30\uc5d0 \ud070 \uc218\uc775\uc744 \uac70\ub450\ub294 \uad6c\uc870\ub97c \uacbd\ud5d8\ud588\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n20\ub300\uac00 \uc7a5\uae30\uc801\uc778 \uad00\uc810\uc5d0\uc11c \uc131\uacf5\uc801\uc778 \uc801\ub9bd\uc2dd \ud22c\uc790\ub97c \uc2e4\ucc9c\ud558\uae30 \uc704\ud574\uc11c\ub294 \uba3c\uc800 ‘\ud22c\uc790 \uc77c\uae30’\ub97c \uc368\ubcf4\ub294 \uac83\uc744 \ucd94\ucc9c\ud569\ub2c8\ub2e4. \uc774\ub294 \ub9e4\ub2ec \uc5bc\ub9c8\ub97c \uc5b4\ub514\uc5d0 \ud22c\uc790\ud588\ub294\uc9c0, \uadf8\ub9ac\uace0 \uc65c \uadf8 \uc120\ud0dd\uc744 \ud588\ub294\uc9c0\ub97c \uae30\ub85d\ud558\ub294 \uc2b5\uad00\uc785\ub2c8\ub2e4. \uac01\uc885 \uacbd\uc81c \uc9c0\ud45c\ub098 \uae30\uc5c5 \uc2e4\uc801 \ubc1c\ud45c, \uc5c5\uacc4 \ub3d9\ud5a5 \ub4f1\uc744 \uac04\ub7b5\ud788 \uc815\ub9ac\ud574\ub450\uba74, \ud6c4\uc5d0 \ub0b4 \ud22c\uc790 \ud310\ub2e8\uc774 \uc5b4\ub5bb\uac8c \ub2ec\ub77c\uc838 \uc654\ub294\uc9c0 \uac1d\uad00\uc801\uc73c\ub85c \ud3c9\uac00\ud558\ub294 \ub370 \ub3c4\uc6c0\uc774 \ub429\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574 \ubcf8\uc778\uc758 \uc2e4\uc218\ub098 \uc131\uacf5 \uc694\uc778\uc744 \uba85\ud655\ud788 \ud30c\uc545\ud558\uace0, \uc810\ucc28 \uac1c\uc120\ub41c \ud22c\uc790 \uc804\ub7b5\uc744 \uc138\uc6b8 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\ub450 \ubc88\uc9f8\ub85c\ub294 ‘\ubaa9\ud45c \uae08\uc561\uacfc \uae30\uac04 \uc124\uc815’\uc774 \ud575\uc2ec\uc785\ub2c8\ub2e4. \uc608\ucee8\ub300 5\ub144 \ud6c4 \uc720\ud559 \uc790\uae08\uc744 \ub9c8\ub828\ud574\uc57c \ud55c\ub2e4\uba74, \uadf8 \ubaa9\ud45c \uae08\uc561\uc744 \uad6c\uccb4\uc801\uc73c\ub85c \uc124\uc815\ud574 \ub450\uace0, \uc5ed\uc0b0\uc744 \ud1b5\ud574 \uc6d4\ubcc4 \uc801\ub9bd\uc561\uacfc \uc608\uc0c1 \ud22c\uc790 \uc218\uc775\ub960\uc744 \uacc4\uc0b0\ud574\ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubb3c\ub860 \uc2dc\uc7a5 \uc0c1\ud669\uc5d0 \ub530\ub77c \uc2e4\uc81c \uacb0\uacfc\ub294 \ub2ec\ub77c\uc9c8 \uc218 \uc788\uc9c0\ub9cc, \uc774\ub7ec\ud55c \ubaa9\ud45c \uc124\uc815 \uacfc\uc815\uc740 \ub0b4\uac00 \ub9e4\ub2ec \uad70\ub354\ub354\uae30 \uc9c0\ucd9c\uc744 \uc904\uc5ec\uc11c\ub77c\ub3c4 \ud22c\uc790\ub97c \uc6b0\uc120\uc2dc\ud558\uac8c \ub9cc\ub4dc\ub294 \ub3d9\uae30 \ubd80\uc5ec\uac00 \ub429\ub2c8\ub2e4. \uac8c\ub2e4\uac00 20\ub300\ub294 \uc544\uc9c1 \uafc8\uacfc \uacc4\ud68d\uc774 \ub9ce\uc73c\ubbc0\ub85c, \uacb0\ud63c \uc790\uae08, \uc8fc\ud0dd \ub9c8\ub828, \ud639\uc740 \ucc3d\uc5c5 \uc790\uae08 \ub4f1 \uc5ec\ub7ec \ubaa9\ud45c\ub97c \ub450\uace0 \uc6b0\uc120\uc21c\uc704\ub97c \uc815\ud574\uac00\uba70 \ud22c\uc790 \uc804\ub7b5\uc744 \ub2e4\uac01\ud654\ud560 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\uc138 \ubc88\uc9f8\ub85c, \uafb8\uc900\ud568\uc744 \uc720\uc9c0\ud558\uae30 \uc704\ud55c \uc790\ub3d9\uc774\uccb4 \uc124\uc815\uc774 \ub9e4\uc6b0 \ud6a8\uacfc\uc801\uc785\ub2c8\ub2e4. \uc6d4\uae09\uc744 \ubc1b\uc790\ub9c8\uc790 \uc77c\uc815 \uae08\uc561\uc774 \uc801\ub9bd\uc2dd \ud380\ub4dc\ub098 \uc99d\uad8c \uacc4\uc88c\ub85c \uc790\ub3d9\uc774\uccb4\ub418\ub3c4\ub85d \ud558\uba74, \uc77c\uc0c1 \uc0dd\ud65c\uc5d0\uc11c \ud22c\uc790 \uc790\uae08\uc744 \ub193\uce58\uc9c0 \uc54a\uace0 \ucd95\uc801\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ubcc4\ub3c4\uc758 \ub178\ub825\uc744 \ub4e4\uc774\uc9c0 \uc54a\uc544\ub3c4 \uac15\uc81c \uc800\ucd95\uacfc \ud22c\uc790\uac00 \uc774\ub8e8\uc5b4\uc9c0\ub294 \ubc29\uc2dd\uc774\ubbc0\ub85c, \ubc14\uc05c \uc77c\uc0c1 \uc18d\uc5d0\uc11c\ub3c4 \uc808\uc57d\uacfc \ud22c\uc790\ub97c \ubcd1\ud589\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc2dc\uac04\uc774 \uc9c0\ub0a8\uc5d0 \ub530\ub77c \uc870\uae08\uc529 \ubaa8\uc778 \ud22c\uc790\uae08\uc774 \uc758\uc678\uc758 \uc2dc\ub108\uc9c0\ub97c \ubc1c\ud718\ud558\uae30 \uc2dc\uc791\ud558\uba74, \uc790\uc5f0\uc2a4\ub7fd\uac8c ‘\uacc4\uc18d\ud574\uc57c\uaca0\ub2e4’\ub77c\ub294 \ub3d9\uae30 \ubd80\uc5ec\uac00 \ub418\uae30\ub3c4 \ud569\ub2c8\ub2e4.\n<\/p>\n\n\uc2e4\ucc9c \uac00\uc774\ub4dc \uc911 \ud55c \uac00\uc9c0 \ubc29\ubc95\uc73c\ub85c ‘\uc0d8\ud50c \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uad6c\uc131’\uc744 \ub4e4\uc5b4\ubcf4\uaca0\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, \ucd1d \ud22c\uc790\uae08 \ub300\ube44 \uad6d\ub0b4 \uc8fc\uc2dd ETF 30%, \ud574\uc678 \uc8fc\uc2dd ETF 30%, \ucc44\uad8c ETF 20%, \ub300\uccb4 \ud22c\uc790(\uc6d0\uc790\uc7ac, \ub9ac\uce20 \ub4f1) 10%, \ud604\uae08\uc131 \uc790\uc0b0 10%\ub97c \uc720\uc9c0\ud558\ub294 \uc2dd\uc785\ub2c8\ub2e4. \uc774\ub294 \ud558\ub098\uc758 \uc608\uc2dc\uc5d0 \ubd88\uacfc\ud558\uba70, \uac01\uc790\uc758 \ud22c\uc790 \uc131\ud5a5\uacfc \ubaa9\ud45c \uae30\uac04\uc5d0 \ub530\ub77c \ube44\uc911\uc740 \ub2ec\ub77c\uc9c8 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \uc774\ub807\uac8c \uc77c\uc815\ud55c \uaddc\uce59\uc744 \uae30\ubc18\uc73c\ub85c \ubd84\uc0b0 \ud22c\uc790\ub97c \ud574\ub450\uba74, \uacbd\uc81c \uc5ec\uac74\uc774 \ubd88\ud22c\uba85\ud55c \uc2dc\uae30\uc5d0\ub3c4 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \uc804\uccb4\uac00 \ubb34\ub108\uc9c8 \uac00\ub2a5\uc131\uc740 \uc0c1\ub2f9\ud788 \uc904\uc5b4\ub4ed\ub2c8\ub2e4.\n<\/p>\n\n\ub610\ud55c \ud655\uc7a5\ub41c \uad00\uc2ec \ubd84\uc57c\ub85c ‘\uc790\uae30 \uacc4\ubc1c’\uc5d0 \ud22c\uc790\ud558\ub294 \uac83\ub3c4 \uc7a5\uae30\uc801\uc778 \ud22c\uc790 \uc131\uacfc\uc5d0 \uc601\ud5a5\uc744 \uc8fc\ub294 \uc694\uc18c\uc785\ub2c8\ub2e4. 20\ub300\uc5d0 \uc5b8\uc5b4 \uacf5\ubd80\ub098 \uae30\uc220 \uad50\uc721, \uc9c1\ubb34 \ub2a5\ub825 \ud5a5\uc0c1\uc5d0 \uc2dc\uac04\uc744 \ud22c\uc790\ud574 \ubcf8\uc5c5\uc5d0\uc11c \uc18c\ub4dd\uc744 \ub192\uc774\uba74, \uc801\ub9bd\uc2dd \ud22c\uc790\uc5d0 \ud22c\uc785\ud560 \uc218 \uc788\ub294 \uae08\uc561 \uc5ed\uc2dc \uc790\uc5f0\uc2a4\ub7fd\uac8c \ucee4\uc9d1\ub2c8\ub2e4. \ub2e8\uc21c\ud788 \uae08\uc735 \uc0c1\ud488\ub9cc\uc744 \ubc14\ub77c\ubcf4\ub294 \uac83\uc774 \uc544\ub2c8\ub77c, ‘\uc790\uae30 \uc790\uc2e0’\uc774\ub77c\ub294 \uac00\uc7a5 \ud070 \uc790\uc0b0\uc744 \uac15\ud654\ud558\ub294 \uac83\uc774 20\ub300\uc5d0\ub294 \uc544\uc8fc \uc911\uc694\ud55c \ud22c\uc790\uc785\ub2c8\ub2e4. \uc774\ub807\ub4ef \uc18c\ub4dd\uc744 \ub298\ub9ac\ub294 \uae38\uacfc \uc790\uc0b0\uc744 \ubd88\ub9ac\ub294 \uae38\uc744 \ud568\uaed8 \ubaa8\uc0c9\ud560 \ub54c, \uc7a5\uae30\uc801\uc73c\ub85c \ud6e8\uc52c \ud070 \uc131\uacfc\ub97c \uc5bb\uc744 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\ud55c\ud3b8, \ud22c\uc790 \uc2ec\ub9ac\ub97c \uad00\ub9ac\ud558\ub294 \ubd80\ubd84\ub3c4 \uac04\uacfc\ud560 \uc218 \uc5c6\uc2b5\ub2c8\ub2e4. \uac00\ub839 \ub2e8\uae30\uc801\uc73c\ub85c \uc8fc\uac00\uac00 \ud3ed\ub77d\ud558\uac70\ub098, \ub0b4 \uc8fc\uc2dd \uacc4\uc88c\uac00 \ub9c8\uc774\ub108\uc2a4 \uc0c1\ud0dc\ub77c\uace0 \ud574\uc11c \uc27d\uac8c \ubd88\uc548\ud574\uc9c0\ub294 \uac83\uc740 \uc790\uc5f0\uc2a4\ub7ec\uc6b4 \ud604\uc0c1\uc785\ub2c8\ub2e4. \uc774\ub97c \uc774\uaca8\ub0b4\uae30 \uc704\ud574\uc11c\ub294 \ud655\uace0\ud55c ‘\ud22c\uc790 \ucca0\ud559’\uacfc ‘\ubaa9\ud45c’\uac00 \ub4b7\ubc1b\uce68\ub418\uc5b4\uc57c \ud569\ub2c8\ub2e4. \ub098\uc544\uac00 \uc7ac\uc815 \uc804\ubb38\uac00\ub4e4\uc740 \ud55c \ubaa9\uc18c\ub9ac\ub85c, \ud22c\uc790\ub97c \ud560 \ub54c ‘\ub0b4\uac00 \uac10\ub2f9\ud560 \uc218 \uc788\ub294 \ud328\ubc30 \uae08\uc561’\uc744 \uba85\ud655\ud788 \uc815\uc758\ud558\ub77c\uace0 \uc870\uc5b8\ud569\ub2c8\ub2e4. \uc989, \ubaa8\ub4e0 \uc790\uae08\uc744 \uc3df\uc544\ubd93\uace0 \uc790\uce6b \uae61\ud1b5 \uacc4\uc88c\uac00 \ub418\ub294 \uc704\ud5d8\uc744 \uac10\uc218\ud558\uae30\ubcf4\ub2e4\ub294, \uc0dd\ud65c\uc744 \uc720\uc9c0\ud560 \uc548\uc804\ud310\uc744 \ub9c8\ub828\ud55c \uc0c1\ud0dc\uc5d0\uc11c \uc801\ub9bd\uc2dd \ud22c\uc790\ub97c \uc9c4\ud589\ud574\uc57c \ud55c\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4.\n<\/p>\n\n\uc2e4\ucc9c\uc801\uc778 \uce21\uba74\uc5d0\uc11c \ucc59\uaca8\uc57c \ud560 \ub610 \ub2e4\ub978 \ubd80\ubd84\uc740 ‘\uc138\uae08’\uc785\ub2c8\ub2e4. \uc8fc\uc2dd\ud615 \ud380\ub4dc\ub098 \ud574\uc678\uc8fc\uc2dd, \ubc30\ub2f9 \uad00\ub828 \uc138\uae08\uc740 \ubb3c\ub860\uc774\uace0 \uc77c\uc815 \uc18c\ub4dd \uc774\uc0c1\uc774 \ub418\uba74 \uae08\uc735\ud22c\uc790\uc18c\ub4dd\uc138 \ub4f1 \uc0c8\ub86d\uac8c \uc801\uc6a9\ub418\ub294 \uc81c\ub3c4\uc5d0\ub3c4 \uad00\uc2ec\uc744 \uae30\uc6b8\uc5ec\uc57c \ud569\ub2c8\ub2e4. 20\ub300 \ucd08\ubc18\uc5d0\ub294 \uc138\uae08 \ubb38\uc81c\ub97c \uad73\uc774 \ud06c\uac8c \uace0\ub824\ud558\uc9c0 \uc54a\uc544\ub3c4 \ub420 \uc218 \uc788\uc9c0\ub9cc, \ud22c\uc790\uae08\uc774 \ub298\uc5b4\ub098\uace0 \uc218\uc775\uc774 \ucee4\uc9c8\uc218\ub85d \uc808\uc138 \uc804\ub7b5\uc774 \uc810\uc810 \uc911\uc694\ud574\uc9d1\ub2c8\ub2e4. \ubc30\ub2f9 \ud22c\uc790\ub098 \ucc44\uad8c \uc774\uc790 \ub4f1\uc5d0 \ub300\ud55c \uacfc\uc138 \ubc29\uc2dd\uc744 \uc798 \uc219\uc9c0\ud558\uba74, \ubd88\ud544\uc694\ud55c \uc138\uae08\uc73c\ub85c \uc778\ud55c \uc218\uc775\ub960 \uac10\uc18c\ub97c \ubc29\uc9c0\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.\n<\/p>\n\n\ub9c8\uc9c0\ub9c9\uc73c\ub85c, \uc801\ub9bd\uc2dd \ud22c\uc790\ub97c \ud1b5\ud574 \uc77c\uc815 \uc790\uc0b0\uc744 \ubaa8\uc558\ub2e4\uba74, \uadf8 \ub2e4\uc74c \ub2e8\uacc4\ub85c ‘\ubaa9\ud45c \uc7ac\uc810\uac80’ \uacfc\uc815\uc744 \uac16\ub294 \uac83\ub3c4 \uc911\uc694\ud569\ub2c8\ub2e4. 10\ub144 \uc804\uc758 \ubaa9\ud45c\uc640 \uc9c0\uae08\uc758 \ubaa9\ud45c\uac00 \uac19\uc744 \uc218\ub294 \uc5c6\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \uc0c8\ub85c\uc6b4 \ucee4\ub9ac\uc5b4 \ub3c4\uc804, \ud574\uc678 \uc774\uc8fc, \uacb0\ud63c, \ucc3d\uc5c5 \ub4f1 \uc0b6\uc758 \uc774\ubca4\ud2b8\uac00 \ubc1c\uc0dd\ud560 \ub54c\ub9c8\ub2e4 \ud22c\uc790 \uc804\ub7b5 \uc5ed\uc2dc \ub9ac\ubdf0\ud558\uace0 \uc870\uc815\ud574\uc57c \ud569\ub2c8\ub2e4. ‘\uc7a5\uae30 \ud22c\uc790’\ub77c\uace0 \ud574\uc11c \ubb34\uc791\uc815 \uc624\ub79c \uae30\uac04 \uadf8\ub300\ub85c \ub450\uae30\ub9cc \ud558\ub294 \uac83\uc774 \uc544\ub2c8\ub77c, \uc778\uc0dd\uc758 \ubc29\ud5a5\uacfc \uc2dc\uc7a5 \ud750\ub984\uc744 \uc8fc\uae30\uc801\uc73c\ub85c \uc810\uac80\ud558\uba70 \ubcc0\ud654\ub97c \uc218\uc6a9\ud558\ub294 \ud0dc\ub3c4\uac00 \ud575\uc2ec\uc785\ub2c8\ub2e4.\n<\/p>\n\n\uacb0\ub860\uc801\uc73c\ub85c 20\ub300 \uc801\ub9bd\uc2dd \ud22c\uc790\ub294 \uc7a5\uae30\uac04\uc5d0 \uac78\uccd0 \uafb8\uc900\ud568\uacfc \uc720\uc5f0\uc131\uc744 \uc720\uc9c0\ud558\ub294 \uac83\uc774 \uac00\uc7a5 \uc911\uc694\ud569\ub2c8\ub2e4. \uc774\ubbf8 \uc120\ubc30 \ud22c\uc790\uc790\ub4e4\uc774 \uacbd\ud5d8\uc73c\ub85c \uc99d\uba85\ud588\ub4ef\uc774, \uacfc\uac70\ub97c \ub3cc\uc544\ubcf4\uace0 \ucca0\uc800\ud788 \uacf5\ubd80\ud558\uba70, \ub098\uc5d0\uac8c \ub9de\ub294 \ubd84\uc0b0 \ud22c\uc790 \uc804\ub7b5\uacfc \ub9ac\uc2a4\ud06c \uad00\ub9ac \uae30\ubc95\uc744 \uc801\uc6a9\ud55c\ub2e4\uba74, 20\ub300 \ucd08\uc5d0 \uc2dc\uc791\ud55c \uc791\uc740 \uae08\uc561\uc774 30\ub300, 40\ub300\uc5d0\ub294 \ud070 \uc790\uc0b0\uc774 \ub418\uc5b4 \ub3cc\uc544\uc62c \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uc774\ub7ec\ud55c \uc7a5\uae30\uc801 \uc2dc\uac01\uacfc \ud0c4\ud0c4\ud55c \uc2e4\ucc9c \uac00\uc774\ub4dc\ub97c \ubc14\ud0d5\uc73c\ub85c, \uc80a\uc740 \uc2dc\uc808\ubd80\ud130 \ubd80\ub97c \ud615\uc131\ud558\ub294 \uae30\ud68c\ub97c \ub193\uce58\uc9c0 \uc54a\uae30\ub97c \ubc14\ub78d\ub2c8\ub2e4.\n<\/p>\n<\/p>\n<h2 id=\"%ea%b0%95%eb%a0%a5%ed%95%9c-%ec%9a%94%ec%95%bd-20%eb%8c%80-%ec%a0%81%eb%a6%bd%ec%8b%9d-%ed%88%ac%ec%9e%90%ec%9d%98-%ed%95%b5%ec%8b%ac-%ec%a0%84%eb%9e%b5-iaBeBMINep\">\uac15\ub825\ud55c \uc694\uc57d: 20\ub300 \uc801\ub9bd\uc2dd \ud22c\uc790\uc758 \ud575\uc2ec \uc804\ub7b5<\/h2>\n\n\uc704\uc5d0\uc11c \uc0b4\ud3b4\ubcf8 \ubc14\uc640 \uac19\uc774, 20\ub300\uc5d0 \uc2dc\uc791\ud558\ub294 \uc801\ub9bd\uc2dd \ud22c\uc790\ub294 \ub2e4\uc74c\uc758 \uc804\ub7b5\uc744 \uc720\ub150\ud560 \ub54c \uadf8 \ud6a8\uacfc\uac00 \uadf9\ub300\ud654\ub429\ub2c8\ub2e4.\n<\/p>\n<ul>\n<li>\uc870\uae08\uc529\uc774\ub77c\ub3c4 ‘\uafb8\uc900\ud788’ \ud22c\uc790: \uc7a5\uae30 \ubcf5\ub9ac \ud6a8\uacfc\ub97c \uadf9\ub300\ud654\ud558\ub824\uba74 \uc77c\uc815 \uaddc\ubaa8\uc758 \uae08\uc561\uc744 \uae38\uac8c \ub0a9\uc785\ud558\ub294 \uc801\ub9bd\uc2dd\uc758 \ud2b9\uc131\uc744 \uc2ed\ubd84 \ud65c\uc6a9\ud574\uc57c \ud569\ub2c8\ub2e4.<\/li>\n<li>\ubd84\uc0b0 \ud22c\uc790\uc640 \ub9ac\ubc38\ub7f0\uc2f1: \ub2e4\uc591\ud55c \uc790\uc0b0\uad70\uacfc \uc9c0\uc5ed\uc5d0 \uac78\uccd0 \ud22c\uc790\ud558\ub418, \uc2dc\uc7a5 \ubcc0\ub3d9\uc774\ub098 \uac1c\uc778 \uc7ac\ubb34 \uc0c1\ud669 \ubcc0\ud654\ub97c \uace0\ub824\ud574 \uc8fc\uae30\uc801\uc73c\ub85c \ube44\uc911\uc744 \uc870\uc815\ud569\ub2c8\ub2e4.<\/li>\n<li>\ubaa9\ud45c \uc218\ub9bd\uacfc \ud22c\uc790 \uc77c\uae30 \uc791\uc131: \uad6c\uccb4\uc801\uc778 \uc7ac\ubb34 \ubaa9\ud45c\ub97c \uc138\uc6b0\uace0, \ub9e4\ub2ec \ud22c\uc790 \ub0b4\uc5ed\uacfc \ud310\ub2e8 \uadfc\uac70\ub97c \uae30\ub85d\ud568\uc73c\ub85c\uc368 \uc790\uc2e0\uc758 \ud22c\uc790 \uc131\ud5a5\uacfc \uc804\ub7b5\uc744 \uac1c\uc120\ud569\ub2c8\ub2e4.<\/li>\n<li>\ub9ac\uc2a4\ud06c \uad00\ub9ac: \uc2dc\uc7a5 \ud558\ub77d \uad6d\uba74\uc5d0\uc11c\ub3c4 \uae0d\uc815\uc801 \uae30\ud68c\ub97c \ud3ec\ucc29\ud558\ub824\uba74 \uac10\uc815\uc801 \ub300\uc751\uc744 \uc9c0\uc591\ud558\uace0, \uac70\uc2dc\uacbd\uc81c \ud750\ub984\uc744 \uafb8\uc900\ud788 \ubaa8\ub2c8\ud130\ub9c1\ud574\uc57c \ud569\ub2c8\ub2e4.<\/li>\n<li>\uc7a5\uae30\uc801 \uad00\uc810\uc758 \uc0b6 \uc124\uacc4: \ud22c\uc790 \uae08\uc561 \uc790\uccb4\ub97c \ub298\ub9ac\uae30 \uc704\ud55c \ubcf8\uc5c5 \uc5ed\ub7c9 \uac15\ud654\uc640, \uc138\uae08\u00b7\uc218\uc218\ub8cc\u00b7\ubcf4\uc548 \ub4f1 \ud22c\uc790 \ud658\uacbd \uc804\ubc18\uc744 \uaf3c\uaf3c\ud788 \ucc59\uae30\ub294 \uc790\uc138\uac00 \ud544\uc218\uc785\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n20\ub300\ub294 \uae38\uac8c \ubcf4\uc558\uc744 \ub54c \uc778\uc0dd \uc804\uccb4\ub97c \ud1b5\ud2c0\uc5b4 \uac00\uc7a5 \ub9ce\uc740 ‘\uc2dc\uac04 \uc790\uc0b0’\uc744 \ubcf4\uc720\ud558\uace0 \uc788\uc2b5\ub2c8\ub2e4. \uc774 \uc2dc\uae30\uc5d0 \uc801\ub9bd\uc2dd \ud22c\uc790\ub97c \ud1b5\ud574 \uae08\uc735 \uc2dc\uc7a5\uc5d0\uc11c\uc758 \uacbd\ud5d8\uacfc \uc9c0\uc2dd\uc744 \ucc28\uadfc\ucc28\uadfc \uc313\uc544\uac04\ub2e4\uba74, 30\ub300\uc640 40\ub300 \uc774\ud6c4\uc758 \uc7ac\ubb34\uc801 \uc790\uc720\uc5d0 \ub354\uc6b1 \ud0c4\ud0c4\ud558\uace0 \uc548\uc815\uc801\uc778 \ud1a0\ub300\ub97c \ub9c8\ub828\ud560 \uc218 \uc788\uc744 \uac83\uc785\ub2c8\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"20\ub300\uc5d0 \ud30c\uc774\ub0b8\uc15c \ub3c5\ub9bd\uc744 \uc900\ube44\ud558\ub824\uba74 \uc801\ub9bd\uc2dd \ud22c\uc790\uac00 \ud575\uc2ec! \uc7a5\uae30\uc801 \uc131\uc7a5 \uc804\ub7b5\uacfc \uafb8\uc900\ud55c \ud22c\uc790 \uc2b5\uad00\uc73c\ub85c \ud0c4\ud0c4\ud55c \uc790\uc0b0\uc744 \ud615\uc131\ud574\ubcf4\uc138\uc694.<\/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":[6035,228],"class_list":["post-57448","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","tag-fed","tag-sk"],"acf":[],"_links":{"self":[{"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/posts\/57448","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=57448"}],"version-history":[{"count":1,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/posts\/57448\/revisions"}],"predecessor-version":[{"id":57451,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/posts\/57448\/revisions\/57451"}],"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=57448"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/categories?post=57448"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/m9js.shop\/blog\/wp-json\/wp\/v2\/tags?post=57448"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}

{"id":57448,"date":"2025-03-21T01:23:54","date_gmt":"2025-03-20T16:23:54","guid":{"rendered":"https:\/\/m9js.shop\/blog\/lifestyle\/what-is-the-secret-to-success-when-starting-savings-investment-in-your-20s"},"modified":"2025-03-21T01:23:58","modified_gmt":"2025-03-20T16:23:58","slug":"what-is-the-secret-to-success-when-starting-savings-investment-in-your-20s","status":"publish","type":"post","link":"https:\/\/m9js.shop\/blog\/lifestyle\/what-is-the-secret-to-success-when-starting-savings-investment-in-your-20s","title":{"rendered":"20\ub300\uc5d0 \uc2dc\uc791\ud558\ub294 \uc801\ub9bd\uc2dd \ud22c\uc790, \uc131\uacf5 \ube44\uacb0\uc740?"},"content":{"rendered":"

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\ubaa9\ucc28<\/h2>\n