[{"data":1,"prerenderedAt":233},["ShallowReactive",2],{"story-5346-cn":3},{"id":4,"slug":5,"slugs":5,"currentSlug":5,"title":6,"subtitle":7,"coverImagesSmall":8,"coverImages":9,"content":37,"questions":38,"relatedArticles":48,"body_color":231,"card_color":232},"5346",null,"投资生存指南：驾驭充满风险的2026年市场格局","- 市场波动预示投资者可能面临回调，战略性ETF选择变得至关重要。",[],[10,11,12,13,14,15,16,14,17,18,19,16,20,16,21,22,23,24,16,25,26,27,28,29,30,31,26,32,33,34,35,21,21,21,36],"https://g.foolcdn.com/editorial/images/847959/woman-thinking-brainstorming-ideas.jpg","https://marketminute.ghost.io/content/images/size/w1200/2025/12/ecc53a80-539e-45ed-8736-3889b66711f7.png","https://media.assettype.com/analyticsinsight/2025-12-21/e87360ju/Best-ETFs-to-Invest-in-for-2026-and-Beyond.jpg?w=1200&h=675&auto=format%2Ccompress&fit=max&enlarge=true","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F847599%2Fgettyimages-1373109638.jpg&w=1200&op=resize","https://www.theglobeandmail.com/resizer/v2/Y32SQKURJBFRRCR6KTDS65AC2A.jpg?auth=f537b03d27e59cb7226108cb22ddfd87352c63e64358c60a81e94da50d3814fd&width=600&quality=80","https://g.foolcdn.com/editorial/images/847812/gettyimages-1369878070-1201x821-8520869.jpg","https://www.marketbeat.com/logos/articles/med_20251218100240_4-high-potential-etfs-for-2026-small-caps-space-st.png","https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1SGGLf.img?w=700&h=525&m=6","https://www.sharewise.com/rails/active_storage/blobs/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBMTdRYmc9PSIsImV4cCI6bnVsbCwicHVyIjoiYmxvYl9pZCJ9fQ==--b6d5191ca4ae79e63d9fa6dbfb84c88b5edf5bf4/gettyimages-1369878070-1201x821-8520869.jpg?locale=us","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F848238%2Fsign-with-bear-against-a-stormy-sky.jpg&w=3840&op=resize","https://247wallst.com/wp-content/uploads/2025/12/shutterstock-2450394055-huge-licensed-scaled.jpg","https://www.nasdaq.com/sites/acquia.prod/files/2019-05/0902-Q19%20Total%20Markets%20photos%20and%20gif_CC8.jpg","https://web-cdn.markets.com/vanguard_voo_etf_f8f7a5693f.jpg","https://www.nasdaq.com/sites/acquia.prod/files/styles/720x400/public/marketbeat/med_20251218100240_4-high-potential-etfs-for-2026-small-caps-space-st.png?1766256594895188912","https://g.foolcdn.com/editorial/images/847222/hundred-dollar-bills.jpg","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F847380%2Fgettyimages-1170398354.jpg&w=700","https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1SzUqH.img?w=700&h=466&m=6","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F847599%2Fgettyimages-1373109638.jpg&w=700","https://www.theglobeandmail.com/resizer/v2/QL752QAEUNF2ZN5XYP7TALWZ3Y.JPG?auth=19841da14e446de96a720668ecbd9ad4ff040391e41b222beb67576bbe0c2281&width=1200&quality=80","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F848238%2Fsign-with-bear-against-a-stormy-sky.jpg&w=700","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F846548%2Fgettyimages-1437853993.jpg&w=3840&op=resize","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F847380%2Fgettyimages-1170398354.jpg&w=1200&op=resize","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F847022%2Fabstract-concept-of-a-bear-market-featuring-various-stock-market-charts.jpg&w=1200&op=resize","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F846548%2Fgettyimages-1437853993.jpg&w=700","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F847625%2F2026-stock-market.jpg&w=1200&op=resize","https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F847625%2F2026-stock-market.jpg&w=700","https://img-s-msn-com.akamaized.net/tenant/amp/entityid/AA1SwaUC.img?w=768&h=512&m=6&x=820&y=305&s=99&d=99","当前金融格局对投资者来说是一个复杂的难题，**市场估值已达到前所未有的历史高位**，战略投资变得比以往任何时候都更加关键。截至2024年12月，主要股指已展现出显著的年初至今涨幅，从13%到18%不等，这主要得益于技术创新和预期的货币政策转变。然而，在这些引人注目的数据背后，隐藏着更细微的现实，这需要复杂的投资策略。\n\n**市场估值压力点**尤其引人注目。标普500指数的席勒市盈率已攀升至39.59，远远超过其155年来的历史平均值17.32。这种极高的估值表明我们正处于现代金融史上最昂贵的股票市场环境之一。从历史上看，如此高的估值通常预示着市场将出现大幅回调，之前的例子显示，主要股指可能会下跌至少20%。\n\n为了应对这种高风险环境，**防御性投资策略正在崛起，成为至关重要的生存机制**。嘉信理财美国股息收益ETF（SCHD）就是一个战略性防御头寸的典型例子。该ETF由制药、消费品和通信行业的103家知名公司组成，为更广泛的市场敞口提供了一个引人注目的替代方案。其3.8%的股息收益率——远高于标普500指数的1.12%——为应对潜在的市场波动提供了关键的缓冲。\n\n此类ETF的战略构成揭示了更深层次的市场见解。诸如默克、安进、可口可乐和威瑞森等持股表明，该ETF侧重于在需求稳定的行业中产生稳定现金流的公司。从历史上看，股息支付股票的平均年回报率为9.2%，而非股息股票的平均年回报率仅为4.31%——这为采取更保守的投资方式提供了令人信服的理由。\n\n对于在2026年潜在动荡的市场中航行的投资者而言，关键在于**多元化、稳定的收入来源和风险缓释型投资工具**。当前的市场不仅需要资本配置，还需要能够经受住潜在经济逆风的战略定位。",[39,42,45],{"title":40,"answer":41,"author":5,"avatar":5,"time":5},"在这种市场环境下，像 SCHD 这样的股息 ETF 具有哪些吸引力？","股息ETF的收益率为3.8%，而标普500指数的收益率为1.12%，在潜在的市场波动期间提供了关键的收入缓冲。它们专注于拥有稳定现金流的成熟公司，从历史上看，其平均年回报率为9.2%，而非股息股票的平均年回报率为4.31%。",{"title":43,"answer":44,"author":5,"avatar":5,"time":5},"为什么当前的 market 估值被认为是高风险的？","标普500指数的席勒市盈率高达39.59，远高于其155年平均值17.32，表明估值极度偏高。从历史上看，如此高的估值通常预示着至少20%的大幅市场回调，这为投资者带来了显著的潜在下行风险。",{"title":46,"answer":47,"author":5,"avatar":5,"time":5},"投资者应如何为2026年潜在的市场动荡做好准备？","投资者应优先考虑多元化，关注制药和消费品等稳定行业的防御性股票，并考虑提供稳定收入流的 ETF。关键在于通过能够承受经济不确定性的战略性资产配置来降低风险。",[49,54,58,63,66,71,75,80,85,88,92,95,98,102,106,110,114,118,121,124,127,130,135,138,141,144,147,150,153,156,159,162,165,170,173,176,179,183,186,189,193,197,201,204,207,210,214,218,222,225,228],{"id":50,"title":51,"source":52,"logo":5,"time":53},130679,"3 Vanguard ETFs to Buy With $500 and Hold Forever","https://www.theglobeandmail.com/investing/markets/stocks/VYM-A/pressreleases/36712772/3-vanguard-etfs-to-buy-with-500-and-hold-forever/","6天前",{"id":55,"title":56,"source":57,"logo":14,"time":53},130677,"This Is the 2nd Priciest Stock Market in 155 Years, Which Makes This High-Yield ETF a Genius Buy for 2026","https://www.theglobeandmail.com/investing/markets/stocks/MRK-N/pressreleases/36707615/this-is-the-2nd-priciest-stock-market-in-155-years-which-makes-this-high-yield-etf-a-genius-buy-for-2026/",{"id":59,"title":60,"source":61,"logo":21,"time":62},130678,"History Says This Is How the Market Will Perform in 2026. Here Are the Best ETFs to Own Headed Into Next Year.","https://www.nasdaq.com/articles/history-says-how-market-will-perform-2026-here-are-best-etfs-own-headed-next-year","5天前",{"id":64,"title":60,"source":65,"logo":27,"time":62},132021,"https://finviz.com/news/258862/history-says-this-is-how-the-market-will-perform-in-2026-here-are-the-best-etfs-to-own-headed-into-next-year",{"id":67,"title":68,"source":69,"logo":10,"time":70},132020,"3 Vanguard ETFs to Buy With $2,000 and Hold Forever","https://www.fool.com/investing/2025/12/22/3-vanguard-etfs-to-buy-with-2000-and-hold-forever/","2天前",{"id":72,"title":73,"source":74,"logo":5,"time":53},129430,"My Top Vanguard ETFs To Buy In 2026","https://www.aol.com/articles/top-vanguard-etfs-buy-2026-211311796.html",{"id":76,"title":77,"source":78,"logo":5,"time":79},132024,"1 Vanguard ETF I'm Buying in 2026 and Holding Forever","https://finance.yahoo.com/news/1-vanguard-etf-im-buying-185000922.html","8天前",{"id":81,"title":82,"source":83,"logo":35,"time":84},129431,"2 ETFs That Are Good Bets To Beat the S&P 500 in 2026","https://finviz.com/news/256949/2-etfs-that-are-good-bets-to-beat-the-sp-500-in-2026","7天前",{"id":86,"title":82,"source":87,"logo":34,"time":84},130680,"https://www.fool.com/investing/2025/12/18/2-etfs-that-are-good-bets-to-beat-the-sp-500-in-20/",{"id":89,"title":90,"source":91,"logo":26,"time":84},132023,"2 ETFs that are good bets to beat the S&P 500 in 2026","https://www.msn.com/en-us/money/topstocks/2-etfs-that-are-good-bets-to-beat-the-s-p-500-in-2026/ar-AA1SzRGN",{"id":93,"title":82,"source":94,"logo":5,"time":84},129432,"https://www.theglobeandmail.com/investing/markets/stocks/AVGO/pressreleases/36682429/2-etfs-that-are-good-bets-to-beat-the-sp-500-in-2026/",{"id":96,"title":51,"source":97,"logo":25,"time":53},132022,"https://finviz.com/news/258399/3-vanguard-etfs-to-buy-with-500-and-hold-forever",{"id":99,"title":100,"source":101,"logo":5,"time":84},129433,"3 Ultra-Safe Vanguard ETFs to Buy, Even if There's a Stock Market Sell-Off in 2026","https://finance.yahoo.com/news/3-ultra-safe-vanguard-etfs-043500226.html",{"id":103,"title":104,"source":105,"logo":22,"time":53},129434,"S&P 500 ETFs to watch in 2026: Vanguard S&P 500 ETF (VOO), SPY, IVV","https://www.markets.com/research/s-and-p-500-et-fs-to-watch-in-2026-vanguard-s-and-p-500-etf-voo-spy-ivv",{"id":107,"title":108,"source":109,"logo":24,"time":79},129435,"3 Magnificent Vanguard ETFs I'm Stocking Up On in 2026 and Holding Forever","https://www.fool.com/investing/2025/12/17/3-magnificent-vanguard-etfs-im-stocking-up-on-in-2/",{"id":111,"title":112,"source":113,"logo":32,"time":79},129436,"3 Unstoppable Vanguard ETFs to Buy Even if There's a Stock Market Sell-Off in 2026","https://www.fool.com/investing/2025/12/16/vanguard-etf-buy-stock-market-sell-off-2026/",{"id":115,"title":116,"source":117,"logo":16,"time":62},129426,"4 High-Potential ETFs for 2026: Small Caps, Space Stocks, and More","https://www.inkl.com/news/4-high-potential-etfs-for-2026-small-caps-space-stocks-and-more",{"id":119,"title":73,"source":120,"logo":20,"time":53},129668,"https://247wallst.com/investing/2025/12/18/my-top-vanguard-etfs-to-buy-in-2026/",{"id":122,"title":51,"source":123,"logo":5,"time":53},129427,"https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/36712772/3-vanguard-etfs-to-buy-with-500-and-hold-forever/",{"id":125,"title":51,"source":126,"logo":5,"time":53},129428,"https://finance.yahoo.com/news/3-vanguard-etfs-buy-500-133500686.html",{"id":128,"title":51,"source":129,"logo":5,"time":53},129429,"https://www.aol.com/articles/3-vanguard-etfs-buy-500-133500379.html",{"id":131,"title":132,"source":133,"logo":15,"time":134},130693,"Prediction: These 3 Vanguard ETFs Could Crush the S&P 500 in 2026 and Beyond","https://www.fool.com/investing/2025/12/20/prediction-these-3-vanguard-etfs-could-crush-the-s/","4天前",{"id":136,"title":116,"source":137,"logo":16,"time":62},130694,"https://www.marketbeat.com/originals/4-high-potential-etfs-for-2026-small-caps-space-stocks-and-more/",{"id":139,"title":60,"source":140,"logo":5,"time":62},129420,"https://www.aol.com/articles/history-says-market-perform-2026-184500483.html",{"id":142,"title":60,"source":143,"logo":13,"time":62},129421,"https://www.fool.com/investing/2025/12/19/history-how-market-perform-2026-best-etf/",{"id":145,"title":116,"source":146,"logo":16,"time":62},129422,"https://finviz.com/news/258797/4-high-potential-etfs-for-2026-small-caps-space-stocks-and-more",{"id":148,"title":116,"source":149,"logo":16,"time":62},129423,"https://www.barchart.com/story/news/36730320/4-high-potential-etfs-for-2026-small-caps-space-stocks-and-more",{"id":151,"title":132,"source":152,"logo":5,"time":134},129665,"https://finance.yahoo.com/news/prediction-3-vanguard-etfs-could-165000666.html",{"id":154,"title":116,"source":155,"logo":5,"time":62},129424,"https://finance.yahoo.com/news/4-high-potential-etfs-2026-173700714.html",{"id":157,"title":56,"source":158,"logo":21,"time":53},129666,"https://www.nasdaq.com/articles/2nd-priciest-stock-market-155-years-which-makes-high-yield-etf-genius-buy-2026",{"id":160,"title":116,"source":161,"logo":23,"time":62},129425,"https://www.nasdaq.com/articles/4-high-potential-etfs-2026-small-caps-space-stocks-and-more",{"id":163,"title":51,"source":164,"logo":31,"time":53},129667,"https://www.fool.com/investing/2025/12/19/3-vanguard-etfs-to-buy-with-500-and-hold-forever/",{"id":166,"title":167,"source":168,"logo":19,"time":169},129380,"Why I Am Never Selling VTI -- Even During a Market Crash","https://www.fool.com/investing/2025/12/21/why-im-never-selling-vti-even-during-market-crash/","3天前",{"id":171,"title":167,"source":172,"logo":5,"time":169},129381,"https://www.aol.com/finance/why-am-never-selling-vti-005000764.html",{"id":174,"title":167,"source":175,"logo":5,"time":169},129382,"https://www.theglobeandmail.com/investing/markets/stocks/VTI-A/pressreleases/36736666/why-i-am-never-selling-vti-even-during-a-market-crash/",{"id":177,"title":167,"source":178,"logo":29,"time":169},129383,"https://finviz.com/news/259534/why-i-am-never-selling-vti-even-during-a-market-crash",{"id":180,"title":181,"source":182,"logo":36,"time":62},129415,"3 magnificent Vanguard ETFs I'm stocking up on in 2026 and holding forever","https://www.msn.com/en-us/money/other/3-magnificent-vanguard-etfs-i-m-stocking-up-on-in-2026-and-holding-forever/ar-AA1SwaUF",{"id":184,"title":82,"source":185,"logo":5,"time":53},129416,"https://www.aol.com/finance/2-etfs-good-bets-beat-065000953.html",{"id":187,"title":56,"source":188,"logo":14,"time":53},129417,"https://www.theglobeandmail.com/investing/markets/stocks/AMGN/pressreleases/36707615/this-is-the-2nd-priciest-stock-market-in-155-years-which-makes-this-high-yield-etf-a-genius-buy-for-2026/",{"id":190,"title":191,"source":192,"logo":17,"time":62},129418,"History says this is how the market will perform in 2026. Here are the best ETFs to own headed into next year.","https://www.msn.com/en-us/money/topstocks/history-says-this-is-how-the-market-will-perform-in-2026-here-are-the-best-etfs-to-own-headed-into-next-year/ar-AA1SGM4P",{"id":194,"title":195,"source":196,"logo":11,"time":62},129419,"The 2026 ETF Playbook: Navigating a Post-Pivot Market and the AI Software Revolution","https://markets.financialcontent.com/stocks/article/marketminute-2025-12-19-the-2026-etf-playbook-navigating-a-post-pivot-market-and-the-ai-software-revolution",{"id":198,"title":199,"source":200,"logo":5,"time":134},129410,"5 Vanguard ETFs to Buy and Hold for the Next Generation","https://finance.yahoo.com/news/5-vanguard-etfs-buy-hold-142000717.html",{"id":202,"title":199,"source":203,"logo":28,"time":134},129411,"https://www.theglobeandmail.com/investing/markets/markets-news/Motley%20Fool/36734719/5-vanguard-etfs-to-buy-and-hold-for-the-next-generation/",{"id":205,"title":199,"source":206,"logo":21,"time":134},129412,"https://www.nasdaq.com/articles/5-vanguard-etfs-buy-and-hold-next-generation",{"id":208,"title":199,"source":209,"logo":30,"time":134},129413,"https://www.fool.com/investing/2025/12/21/5-vanguard-etfs-to-hold-for-the-next-generation/",{"id":211,"title":212,"source":213,"logo":21,"time":62},129414,"This ETF Is Set To Beat the S&P 500 For the Third Year in a Row. Can It Do Again in 2026?","https://www.nasdaq.com/articles/etf-set-beat-sp-500-third-year-row-can-it-do-again-2026",{"id":215,"title":216,"source":217,"logo":12,"time":134},129405,"Best ETFs to Invest in for 2026 and Beyond","https://www.analyticsinsight.net/stocks/best-etfs-to-invest-in-for-2026-and-beyond",{"id":219,"title":220,"source":221,"logo":5,"time":169},129406,"Prediction: This Will Be the Top-Performing Index ETF in 2026","https://www.aol.com/finance/prediction-top-performing-index-etf-185200039.html",{"id":223,"title":90,"source":224,"logo":26,"time":134},129407,"https://www.msn.com/en-us/money/topstocks/2-etfs-that-are-good-bets-to-beat-the-s-p-500-in-2026/ar-AA1SzRGN?ocid=finance-verthp-feeds",{"id":226,"title":132,"source":227,"logo":18,"time":134},129408,"https://www.sharewise.com/us/news_articles/Prediction_These_3_Vanguard_ETFs_Could_Crush_the_SP_500_in_2026_and_Beyond_TheMotleyFool_20251220_1750",{"id":229,"title":199,"source":230,"logo":33,"time":169},129409,"https://finviz.com/news/259331/5-vanguard-etfs-to-buy-and-hold-for-the-next-generation","#ea4f3cff","#ea4f3c4d",1766645476521]