以下設定一隻股票乜,股票1蚊,派息5仙,即5厘,股價每年下跌10%,本息續存
| 股數 | 股價 | 股利 | 紅股數 | 市值 |
| 10000 | 1 | 500 | 500 | 10500 |
| 10500 | 0.9 | 525 | 583 | 9450 |
| 11083 | 0.81 | 554 | 684 | 8977 |
| 11767 | 0.729 | 588 | 806 | 8578 |
| 12573 | 0.683 | 629 | 921 | 8587 |
| 13494 | 0.615 | 675 | 1097 | 8299 |
| 14591 | 0.553 | 729 | 1318 | 8069 |
真係多多都唔夠蝕,身家年年縮水,息都蝕埋,買左佢實比人笑到面黃
但是股票只是短期下跌又如何?
股票甲,股票1蚊,派息5仙,即5厘,並且每年增加派息10%,股價每年上升10%,本息續存,20年後股價6.096
股價 股 數 市值 股息 息率
1 10000 10000 500 0.05
1.1 10454.5 +4.55% 11500 +15.00% 575 +15.00% 0.055
1.21 10929.5 +4.54% 13224.7 +14.98% 661 +14.96% 0.0605
1.33 11426.5 +4.55% 15197.2 +14.92% 760 +14.98% 0.06655
1.46 11946 +4.55% 17441.2 +14.77% 874.5 +15.07% 0.0732
1.606 12490.5 +4.56% 20059.7 +15.01% 1005.5 +14.98% 0.0805
1.767 13059.7 +4.56% 23076.5 +15.03% 1156.4 +15.00% 0.08855
1.943 13655 +4.56% 26531.7 +14.97% 1330 +15.01% 0.0974
2.137 14277.4 +4.56% 30510.8 +15.00% 1527.7 +14.86% 0.107
2.35 14927.5 +4.55% 35079.6 +14.97% 1757 +15.01% 0.1177
2.585 15607.2 +4.55% 40344.6 +15.01% 2020.7 +15.01% 0.1295
2.844 16317.8 +4.55% 46407.8 +15.03% 2324.5 +15.03% 0.1425
3.128 17060.8 +4.55% 53366.2 +14.99% 2671.4 +14.92% 0.1566
3.441 17837 +4.55% 61377.1 +15.01% 3072 +15.00% 0.1722
3.785 18648.6 +4.55% 70585 +15.00% 3532 +14.97% 0.1894
4.164 19497 +4.55% 81182.5 +15.01% 4061 +14.98% 0.2083
4.58 20383.7 +4.55% 93372.5 +15.02% 4670 +15.00% 0.2291
5.038 21310.7 +4.55% 107363.3+14.98% 5370 +14.99% 0.252
5.542 22279.7 +4.55% 123570 +15.10% 6175.9 +15.01% 0.2772
6.096 23292.8 +4.55% 141992.9+14.91% 7102.4 +15.00% 0.3049
股票乙,股票1蚊,派息5仙,即5厘,並且每年增加派息10%,股價下跌10%,跌5年之後以10%回升,本息續存,20年後股價2.74
股價 股數 市值 股息 息率
1 10000 10000 500 0.05
0.9 10500 +5 % 9450 -5.5 % 577.5 +15.5 % 0.055
0.81 11213 +6.79 % 9082.5 -4.05 % 678.4 +17.47% 0.0605
0.73 12143.5 +8.3 % 8864.8 -2.4 % 808 +19.10% 0.06655
0.656 13375 +10.01% 8774 -1.02 % 979 +21.16% 0.0732
0.722 14731.7 +10.14% 10636.3 +21.22 % 1185.9 +21.13% 0.0808
0.794 16225.7 +10.14% 12883.2 +21.12% 1436.8 +21.16% 0.08855
0.873 17871.3 +10.14% 15601.2 +21.10% 1740.7 +21.15% 0.0974
0.96 19684.5 +10.15% 18897.1 +21.12% 2106.2 +20.99% 0.107
1.06 21679 +10.13% 22979.7 +21.60% 2551.6 +21.15% 0.1177
1.16 23875.6 +10.13% 27695.7 +20.52% 3091.9 +21.17% 0.1295
1.28 26295.4 +10.14% 33658.1 +21.53% 3747.1 +21.19% 0.1425
1.41 28961.9 +10.14% 40836.3 +21.33% 4535.4 +21.04% 0.1566
1.55 31896 +10.13% 49438.8 +21.07% 5492.5 +21.10% 0.1722
1.7 35126.9 +10.13% 59715.7 +20.79% 6653 +21.13% 0.1894
1.87 38684.6 +10.13% 72340.2 +21.14% 8058 +21.12% 0.2083
2.06 42602 +10.13% 87760.1 +21.32% 9760 +21.12% 0.2291
2.26 46915.4 +10.12% 106028.8 +20.82% 11822.7 +21.13% 0.252
2.49 51665.4 +10.12% 128646.8 +21.33% 14321.7 +21.14% 0.2772
2.74 56896.4 +10.12% 155896.1 +21.18% 17347.7 +21.13% 0.3049
成地眼鏡碎,股票乙的市價居然比甲大,而且股息是甲的兩倍以上,即係乙暗中發左達,而甲仲可以成日笑佢
值得留意的是投資標的只是一間年增長10%的普通公司,成街都係,而投資組合卻以21%的比率在成長
另外由於股息是甲的兩倍以上,因此乙的持有人一早就財務自由,遠不是甲可比的
投資回報=股價x股數 ,股數是同股價有同樣影響力的變量,卻被世人所忽視,股價下跌時將股息再投資而增加股數,令將來的股息加速,即使投資標的是維他奶,一樣可以遠遠跑贏中人壽,從而無視公司的品質,這就是用戰術扭轉普通公司在戰略上的劣勢,從現象來看,是後發制人
(待續)
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