[{"@context":"https:\/\/schema.org\/","@type":"Article","@id":"https:\/\/www.delila.cz\/nakup-dluhopisu-nemusi-byt-vzdy-vynosnym-obchodem\/#Article","mainEntityOfPage":"https:\/\/www.delila.cz\/nakup-dluhopisu-nemusi-byt-vzdy-vynosnym-obchodem\/","headline":"N\u00e1kup dluhopisu nemus\u00ed b\u00fdt v\u017edy v\u00fdnosn\u00fdm obchodem","name":"N\u00e1kup dluhopisu nemus\u00ed b\u00fdt v\u017edy v\u00fdnosn\u00fdm obchodem","description":"S\u00a0dluhopisy se doslova roztrhl pytel, nebo\u0165 se jedn\u00e1 o l\u00e1kav\u00fd zdroj p\u0159\u00edjmu, na rozd\u00edl od term\u00ednovan\u00fdch vklad\u016f a spo\u0159ic\u00edch \u00fa\u010dt\u016f, kter\u00e9 maj\u00ed v\u00a0dne\u0161n\u00ed dob\u011b velmi n\u00edzk\u00e9 \u00faro\u010den\u00ed.\u00a0 Nen\u00ed ov\u0161em dluhopis jako dluhopis. Ty st\u00e1tn\u00ed a oblastn\u00ed, tedy krajsk\u00e9, obecn\u00ed apod. maj\u00ed sice ni\u017e\u0161\u00ed v\u00fdnos, ale jsou s\u00a0minim\u00e1ln\u00edm rizikem. Ty jsou relativn\u011b bezpe\u010dn\u00e9. Kde\u017eto u korpor\u00e1tn\u00edch (firemn\u00edch) dluhopis\u016f […]","datePublished":"2024-10-05","dateModified":"2024-10-05","author":{"@type":"Person","@id":"https:\/\/www.delila.cz\/author\/#Person","name":"delila.cz","url":"https:\/\/www.delila.cz\/author\/","identifier":1,"image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/cbcb92d2d459f60d1dc08d6e5973c6b0ed1017e8a3b51da0599e03841cfa81e6?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/cbcb92d2d459f60d1dc08d6e5973c6b0ed1017e8a3b51da0599e03841cfa81e6?s=96&d=mm&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"delila.cz","logo":{"@type":"ImageObject","@id":"\/logo.png","url":"\/logo.png","width":600,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/www.delila.cz\/wp-content\/uploads\/img_a308912_w2434_t1519937768.jpg","url":"https:\/\/www.delila.cz\/wp-content\/uploads\/img_a308912_w2434_t1519937768.jpg","height":0,"width":0},"url":"https:\/\/www.delila.cz\/nakup-dluhopisu-nemusi-byt-vzdy-vynosnym-obchodem\/","about":["Business"],"wordCount":456,"articleBody":"S\u00a0dluhopisy se doslova roztrhl pytel, nebo\u0165 se jedn\u00e1 o l\u00e1kav\u00fd zdroj p\u0159\u00edjmu, na rozd\u00edl od term\u00ednovan\u00fdch vklad\u016f a spo\u0159ic\u00edch \u00fa\u010dt\u016f, kter\u00e9 maj\u00ed v\u00a0dne\u0161n\u00ed dob\u011b velmi n\u00edzk\u00e9 \u00faro\u010den\u00ed.\u00a0 Nen\u00ed ov\u0161em dluhopis jako dluhopis.Ty st\u00e1tn\u00ed a oblastn\u00ed, tedy krajsk\u00e9, obecn\u00ed apod. maj\u00ed sice ni\u017e\u0161\u00ed v\u00fdnos, ale jsou s\u00a0minim\u00e1ln\u00edm rizikem. Ty jsou relativn\u011b bezpe\u010dn\u00e9. Kde\u017eto u korpor\u00e1tn\u00edch (firemn\u00edch) dluhopis\u016f je to v\u017edy jak\u00e1si forma s\u00e1zky do loterie. Dokonce, i kdy\u017e nad nimi dohl\u00ed\u017e\u00ed \u010cesk\u00e1 n\u00e1rodn\u00ed banka.\tLid\u00e9 \u010dastokr\u00e1t ani nev\u00ed, co to dluhopis v\u016fbec jeKa\u017ed\u00fd dluhopis by m\u011bl b\u00fdt n\u011bjak zaji\u0161t\u011bn. To znamen\u00e1 v\u00a0p\u0159\u00edpad\u011b firmy (tzv. emitenta, neboli vydavatele) se jedn\u00e1 o to, co se stane v\u00a0p\u0159\u00edpad\u011b jej\u00edho bankrotu. Z\u00e1le\u017e\u00ed pochopiteln\u011b na firemn\u00edm investi\u010dn\u00edm a technologick\u00e9m z\u00e1m\u011bru, ale co je nejpodstatn\u011bj\u0161\u00ed \u2013 na rozhodov\u00e1n\u00ed majitel\u016f a lid\u00ed ve veden\u00ed firmy.V\u00a0dne\u0161n\u00ed dob\u011b roste po dluhopisech popt\u00e1vka, lid\u00e9 v\u00a0\u010cesku jsou sice velmi konzervativn\u00ed a opatrn\u00ed, co se t\u00fd\u010de investic, ale ne v\u0161ichni. Ukl\u00e1dat \u00faspory do spo\u0159ic\u00edch \u00fa\u010dt\u016f a term\u00ednovan\u00fdch vklad\u016f se t\u00e9m\u011b\u0159 nevyplat\u00ed a tak se lid\u00e9 vrhaj\u00ed krom\u011b n\u00e1kup\u016f nemovitost\u00ed i na dluhopisy a akcie. A co nen\u00ed asi p\u0159ekvapen\u00edm, \u017ee byl tak\u00e9 rok 2017 t\u00e9m\u011b\u0159 rekordn\u00edm, co se t\u00fd\u010de nov\u011b uzav\u0159en\u00fdch hypote\u010dn\u00edch \u00fav\u011br\u016f.\t\u010ce\u0161i jsou konzervativn\u011bj\u0161\u00ed n\u00e1rodTa \u010desk\u00e1 konzervativnost v\u00a0n\u00e1s p\u0159ece jen z\u016fstala. Chceme, aby se na trhu objevil produkt, kter\u00fd je stejn\u011b bezpe\u010dn\u00fd jako bankovn\u00ed spo\u0159ic\u00ed \u00fa\u010det, ale kter\u00fd z\u00e1rove\u0148 bude z\u00e1rukou v\u00fdnosu. Jedno s\u00a0druh\u00fdm v\u0161ak nejde dohromady, za slibovan\u00fdm v\u00fdnosem u n\u011bkter\u00fdch dluhopis\u016f, rozum\u011bjme korpor\u00e1tn\u00edch, je riziko skryt\u00e9 v\u00a0pozad\u00ed. Pochopiteln\u011b ne u v\u0161ech, v\u017edy z\u00e1le\u017e\u00ed na solidnosti firmy a jej\u00edm podnikatelsk\u00e9m z\u00e1m\u011bru. Firemn\u00ed dluhopisy se na \u010desk\u00e9m trhu v\u00a0posledn\u00edch letech zna\u010dn\u011b rozrostly, ov\u0161em tak\u00e9 \u0159ada firem ohl\u00e1sila bankrot jen p\u00e1r m\u011bs\u00edc\u016f po emisi dluhopis\u016f.\u00a0 \u010cesk\u00e1 n\u00e1rodn\u00ed banka tomuto jevu zpo\u010d\u00e1tku sp\u00ed\u0161 p\u0159ihl\u00ed\u017eela, pak se p\u0159ece jen odhodlala dohl\u00e9dnout na v\u00edcen\u00e1sobn\u00e9 vyd\u00e1v\u00e1n\u00ed dluhopis\u016f, ale v\u00a0mnoha p\u0159\u00edpadech ji\u017e bylo p\u0159\u00edli\u0161 pozd\u011b. Pro n\u011bkter\u00e9 \u0161patn\u011b informovan\u00e9 \u010desk\u00e9 investory, kte\u0159\u00ed do dluhopis\u016f nacpali t\u0159eba v\u0161echny sv\u00e9 \u00faspory a pak o n\u011b p\u0159i\u0161li, to bylo docela krut\u00e9 ponau\u010den\u00ed.                                                                                                                                                                                                                                                                                                                                                                                        4.3\/5 - (9 votes)        "},{"@context":"https:\/\/schema.org\/","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"N\u00e1kup dluhopisu nemus\u00ed b\u00fdt v\u017edy v\u00fdnosn\u00fdm obchodem","item":"https:\/\/www.delila.cz\/nakup-dluhopisu-nemusi-byt-vzdy-vynosnym-obchodem\/#breadcrumbitem"}]}]