Vanguard ETFs dominate long-term portfolios for one reason.
Vanguard ETF之所以在長期投資組合中佔主導地位，只有一個原因。
00:05
They keep costs brutally low, and low fees mean more money stays invested, especially when you are building real wealth for retirement.
它們將成本壓得極低，而低廉的費用意味著有更多資金能留在投資中，尤其當您正在為退休累積實質財富時。
00:14
You want safety, but you need growth.
您想要安全，但您需要成長。
00:17
Most investors overcomplicate this.
大多數投資者將這件事過度複雜化了。
00:19
They buy 50 stocks, panic sell, and lose.
他們買了50檔股票，恐慌性拋售，然後虧損。
00:23
You only need three specific Vanguard ETFs to build a bulletproof portfolio.
您只需要三檔特定的Vanguard ETF，就能建立一個堅不可摧的投資組合。
00:28
I will show you their exact 10-year historical returns, their fees down to the penny, and exactly how to combine them based on your age.
我將向您展示它們精確的十年歷史回報、精確到每一分錢的費用，以及如何根據您的年齡來精確組合它們。
00:37
The second ETF I reveal has returned over 300% in 10 years.
我將揭示的第二檔ETF在十年內回報率超過300%。
00:42
Let's get into it.
讓我們開始吧。
00:44
The first ETF is the bedrock.
第一檔ETF是基石。
00:46
If you own nothing else, you own this.
如果您沒有其他投資，就擁有這檔。
00:49
This is the Vanguard S&P 500 ETF, ticker VOO.
這就是Vanguard標普500 ETF，股票代號VOO。
00:54
Most of you already know VOO, but you need to understand why it works.
大多數人已經知道VOO，但您需要了解它為何有效。
00:59
With VOO, you are buying a piece of the American economy.
透過VOO，您正在購買美國經濟的一部分。
01:03
You own Apple, Microsoft, Amazon, Google, and Berkshire Hathaway.
您擁有蘋果、微軟、亞馬遜、谷歌和波克夏海瑟威。
01:08
But here is the secret weapon of the S&P 500, and why it works for the 35 to 65 age bracket, self-cleansing.
但這就是標普500的秘密武器，也是它為何適用於35至65歲年齡層的原因——自我淨化。
01:15
The index is ruthless.
這個指數是無情的。
01:17
If a company starts failing, like Macy's or Sears, it gets kicked out.
如果一家公司開始衰落，例如梅西百貨或西爾斯，它就會被踢出。
01:21
If a company becomes dominant, like Tesla or Nvidia, it gets added.
如果一家公司變得主導，例如特斯拉或輝達，它就會被納入。
01:25
You don't have to pick winners.
您不必挑選贏家。
01:26
The index does it for you.
指數為你代勞。
01:28
Let's look at the performance.
讓我們看看績效。
01:30
This is what matters.
這才是重點。
01:31
Over the last 10 years, VOO has delivered an average annualized return of approximately 13.6%.
在過去十年中，VOO 的平均年化報酬率約為 13.6%。
01:38
If you invested $10,000 10 years ago, you wouldn't have $10,000.
如果你十年前投資了 10,000 美元，你現在就不會只有 10,000 美元。
01:43
You would have over $35,000 today.
你今天將擁有超過 35,000 美元。
01:45
You did no work.
你什麼都沒做。
01:47
You did no research.
你沒有做任何研究。
01:48
You just held VOO.
你只是持有 VOO。
01:49
But wait, for someone over 40, VOO has a flaw.
但是等等，對於 40 歲以上的人來說，VOO 有一個缺陷。
01:53
It is 100% stocks.
它是 100% 股票。
01:55
In 2022, it dropped 18%.
在 2022 年，它下跌了 18%。
01:58
In 2008, the index dropped nearly 40%.
在 2008 年，該指數下跌了近 40%。
02:01
If you are retiring in five years, 100% VOO is dangerous.
如果你五年內退休，100% VOO 是危險的。
02:05
You need a stabilizer.
你需要一個穩定器。
02:07
And if you want to retire rich, you need an accelerator.
如果你想富有地退休，你需要一個加速器。
02:10
Now, if VOO is the engine, this next ETF is the turbocharger.
如果 VOO 是引擎，那麼這檔 ETF 就是渦輪增壓器。
02:15
This is the Vanguard Information Technology ETF, ticker VGT.
這是 Vanguard 資訊科技 ETF，股票代號 VGT。
02:19
VGT has returned roughly plus 330% over the last 10 years.
在過去十年中，VGT 的報酬率約為 330%。
02:25
Despite this performance, the expense ratio is surprisingly cheap.
儘管有這樣的績效，其費用率卻出奇地低廉。
02:29
We live in the greatest technological revolution in history.
我們正處於史上最偉大的科技革命之中。
02:32
VGT allows you to own that revolution.
VGT讓您得以掌握這場革命。
02:35
VGT holds roughly 320 technology stocks, but it is heavily concentrated in the winners.
VGT持有約320檔科技股，但其投資高度集中於贏家企業。
02:40
It has massive exposure to Apple, Microsoft, and Nvidia.
它對蘋果、微軟和輝達有著極高的曝險。
02:43
Technology drives US productivity.
科技推動美國生產力。
02:46
Demand for automation, cloud computing, and semiconductors is only rising.
對於自動化、雲端運算和半導體的需求只增不減。
02:50
When you buy VGT, you are making a specific bet.
當您買入VGT時，您是在進行一項特定的押注。
02:53
You are betting that technology will continue to run the world.
您押注科技將會繼續主導世界。
02:56
The expense ratio is slightly higher, 0.1%.
其費用率略高，為0.1%。
02:59
That's $10 per year for every $10,000 invested, still incredibly cheap compared to a mutual fund.
這意味著每投資1萬美元，每年費用為10美元，相較於共同基金仍舊非常便宜。
03:05
Now, look at the returns.
現在，來看看報酬率。
03:07
This is why you deal with the volatility.
這就是您願意承受波動性的原因。
03:09
Over the last 10 years, VGT has crushed the market.
在過去十年中，VGT的表現遠超大盤。
03:13
It has returned approximately 22.1% annualized.
其年化報酬率約為22.1%。
03:17
Let's do the math again.
讓我們再算一次。
03:18
Remember that $10,000 investment?
還記得那筆1萬美元的投資嗎？
03:21
In VOO, it became $35,000.
投資VOO，它變成了3萬5千美元。
03:24
In VGT, that same $10,000 grew to over $73,000.
投資VGT，同樣的1萬美元增長到超過7萬3千美元。
03:29
This is the power of concentration, but here is the warning for my audience over 50.
這就是集中投資的力量，但對於我50歲以上的觀眾，這裡有一個警告。
03:34
When the market gets scared, tech gets sold first.
當市場恐慌時，科技股會率先被拋售。
03:38
In 2022, while the S&P dropped 19%, tech dropped nearly 30%.
2022年，標普指數下跌19%，而科技股則下跌近30%。
03:43
If you are 60 years old, a 30% drop is a disaster.
如果你60歲，下跌30%就是一場災難。
03:48
You cannot put your entire life savings here.
你不能把畢生積蓄都放在這裡。
03:50
VGT is for the growth portion of your portfolio, the money you don't need for seven to 10 years.
VGT是用於你投資組合中的成長部分，也就是你七到十年內不需要動用的資金。
03:56
So, we have the foundation, VOO, we have the accelerator, VGT.
所以，我們有了基礎（VOO），我們有了加速器（VGT）。
04:01
Now we need the measure of safety.
現在我們需要安全保障。
04:03
The ETF that pays you to sleep at night.
這檔讓你晚上睡得安穩的ETF。
04:06
Most people think safety means bonds, but with inflation, bonds can lose purchasing power.
大多數人認為安全就是債券，但隨著通膨，債券可能會失去購買力。
04:10
You don't just want safety.
你不只想要安全。
04:12
You want growing income.
你想要不斷成長的收入。
04:14
The third ETF is the Vanguard Dividend Appreciation ETF, ticker VIG.
第三檔ETF是Vanguard股息成長ETF，代號VIG。
04:19
There is a misconception about dividend investing.
對於股息投資存在一個誤解。
04:22
Many people chase high yield.
許多人追求高殖利率。
04:24
They buy funds that pay 4% or 5% like VYM.
他們購買像VYM這樣支付4%或5%的基金。
04:28
Notice I didn't choose the high yield fund?
注意到了嗎？我沒有選擇高殖利率基金。
04:30
I chose dividend appreciation.
我選擇了股息成長。
04:32
There is a massive difference.
兩者之間有巨大的差異。
04:34
High yield funds often by failing companies that pay big dividends just to keep investors happy.
高殖利率基金通常投資於那些為了取悅投資者而支付高額股息的失敗公司。
04:39
I will cover the deep dive on VYM versus VIG in our next video.
在我們的下一個影片中，我將深入探討VYM與VIG的比較。
04:43
But for now, let's focus on why VIG wins for safety.
但現在，讓我們專注於為什麼VIG在安全性方面勝出。
04:46
VIG only buys companies that have increased their dividends for at least 10 consecutive years.
VIG只買入已連續至少十年增加股息的公司。
04:51
It filters out the junk.
它篩除了劣質公司。
04:53
It buys quality.
它買入優質資產。
04:54
It holds companies like Microsoft, UnitedHealth, and JPMorgan Chase.
它持有像微軟、聯合健康和摩根大通這樣的公司。
04:57
These are companies with so much cash, they give it back to you year after year.
這些公司擁有大量現金，每年都會回饋給你。
05:02
The cost?
費用呢？
05:03
0.06%, extremely low.
百分之零點零六，極低。
05:06
Why do you want this?
你為什麼會想要這個？
05:06
Because in a crash, VIG tends to fall less than the S&P 500.
因為在市場崩盤時，VIG的跌幅往往小於標普500指數。
05:11
It offers downside protection.
它提供了下行保護。
05:13
And the return?
那報酬呢？
05:13
Over the last 10 years?
過去十年呢？
05:15
Approximately 11.9% annualized.
大約年化百分之十一點九。
05:17
It is lower than VOO and VGT, but the ride is smoother.
它低於VOO和VGT，但波動較小。
05:21
For someone approaching retirement, this is your paycheck replacement.
對於即將退休的人來說，這是你薪資的替代品。
05:25
You get cash flow, but you also get stock price appreciation.
你獲得現金流，但也獲得股價增值。
05:28
It is the best of both worlds.
這是兩全其美。
05:30
Before we discuss the exact portfolio mix, we need to address the silent killer of retirement portfolios, taxes.
在我們討論確切的投資組合配置之前，我們需要解決退休投資組合的無聲殺手——稅務。
05:35
If you hold mutual funds in a taxable brokerage account, you might get hit with capital gains distributions at the end of the year, even if you didn't sell a single share.
如果你在應稅證券帳戶中持有共同基金，即使你沒有賣出任何一股，年底時也可能會收到資本利得分配。
05:44
You get a tax bill just for holding the fund.
你僅僅因為持有該基金就會收到一張稅單。
05:46
Vanguard ETFs are structured differently.
Vanguard ETF 的架構有所不同。
05:48
They are tax efficient.
它們具有節稅效益。
05:50
You generally only pay capital gains tax when you decide to sell.
您通常只在決定出售時才需支付資本利得稅。
05:53
For Americans in the 35 to 65 bracket who are likely in their peak earning years, this tax efficiency saves you thousands of dollars over a decade.
