{"id":22760,"date":"2020-05-18T19:23:58","date_gmt":"2020-05-18T19:23:58","guid":{"rendered":"https:\/\/adamfayed.com\/?p=22760"},"modified":"2025-03-16T09:45:46","modified_gmt":"2025-03-16T09:45:46","slug":"index-funds-etf-tax","status":"publish","type":"post","link":"https:\/\/adamfayed.com\/es\/investment-options\/index-funds-etf-tax\/","title":{"rendered":"\uc778\ub371\uc2a4 \ud380\ub4dc \uc138\uae08, ETF \uc138\uae08"},"content":{"rendered":"<p>\ubcf8 \uae00\uc5d0\uc11c\ub294 \uc778\ub371\uc2a4\ud380\ub4dc (fondos indexados), ETF\uc5d0 \ud22c\uc790\ud558\ub294 \uacbd\uc6b0 \ubc1c\uc0dd\ud560 \uc218 \uc788\ub294 \uc138\uae08\uc5d0 \ub300\ud574 \ub9d0\uc500\ub4dc\ub9bd\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\u200b<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><strong>\uc778\ub371\uc2a4 \ud380\ub4dc \uac1c\uc694<\/strong><\/h2>\n\n\n\n<p>\u2018<a href=\"https:\/\/adamfayed.com\/es\/investment-options\/index-funds\/\" data-type=\"link\" data-id=\"https:\/\/adamfayed.com\/investment-options\/index-funds\/\">\uc778\ub371\uc2a4 \ud380\ub4dc(Fondos indexados)<\/a>\u2019 \ub610\ub294 \u2018\uc778\ub371\uc2a4 \ud2b8\ub798\ucee4(Index Tracker)\u2019\ub780 \uc2dc\uc7a5\uc758 \ud2b9\uc815 \uc9c0\uc218\ub97c \ucd94\uc885\ud558\ub3c4\ub85d \uace0\uc548\ub41c \uc720\ud615\uc758\ud380\ub4dc\uc785\ub2c8\ub2e4. \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc218\ub3d9\uc801 \ud22c\uc790\uc758 \ud6a8\uc728\uc801\uc778 \ud615\ud0dc\ub85c \uc798 \uc54c\ub824\uc838 \uc788\uace0, \uc815\uae30\uc801\uc778 \uad00\ub9ac\ub97c \ud544\uc218\ub85c \uc694\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ub9ce\uc740 \ud22c\uc790\uc790\ub4e4\uc774 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ubd84\uc0b0 \ud6a8\uacfc\ub97c \uc704\ud574 \uc778\ub371\uc2a4 \ud380\ub4dc\ub97c \ud65c\uc6a9\ud558\uc8e0.<\/p>\n\n\n\n<p>\ub300\ud45c\uc801\uc73c\ub85c \uc798 \uc54c\ub824\uc9c4 \uc608\ub294 S&amp;P 500, Russell 2000, Wilshire 5000 \ub4f1\uc774 \uc788\uc2b5\ub2c8\ub2e4.\u00a0<a href=\"https:\/\/adamfayed.com\/es\/review-articles\/charles-schwab-international-review-for-non-us-residents\/\" data-type=\"link\" data-id=\"https:\/\/adamfayed.com\/review-articles\/charles-schwab-international-review-for-non-us-residents\/\">\ucc30\uc2a4 \uc288\uc651(Charles Schwab)<\/a>,\u00a0<a href=\"https:\/\/adamfayed.com\/es\/how-to-guides\/how-to-invest-in-vanguard-index-funds-in-singapore-dubai-and-other-expat-markets-in-2023\/\" data-type=\"link\" data-id=\"https:\/\/adamfayed.com\/how-to-guides\/how-to-invest-in-vanguard-index-funds-in-singapore-dubai-and-other-expat-markets-in-2023\/\">\ubc45\uac00\ub4dc(Vanguardia)<\/a>\u00a0\ub4f1 \uba87\uba87 \ud68c\uc0ac\ub4e4\uc740 \uc2dc\uc7a5 \uc9c0\uc218\ub4e4\uc758 \ucd1d \uc218\uc775\uc744 \ucd94\uc885\ud558\ub294 \uc778\ub371\uc2a4 \ud380\ub4dc\ub97c \uc81c\uacf5\ud558\uae30\ub3c4 \ud569\ub2c8\ub2e4. \uac00\ub839\ucc30\uc2a4 \uc288\uc651\uc740 equidad \uc2dc\uc7a5\uc758 \uc804\uccb4 \uc2dc\uc7a5 \uc218\uc775\uc744 \ucd94\uc885\ud558\ub294 \uc778\ub371\uc2a4 \ud380\ub4dc\ub97c \uc81c\uacf5\ud558\ub294 \uac83\uc73c\ub85c \uc54c\ub824\uc838 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc \ub355\ubd84\uc5d0 \ud22c\uc790\uc790\ub4e4\uc740 \ub2e8\uc21c\ud788 \uac1c\ubcc4 \uae30\uc5c5\uc758 \uc8fc\uc2dd\uc744 \ubcc4\uac1c\ub85c \uad6c\ub9e4\ud558\ub294 \uac83\uc774 \uc544\ub2c8\ub77c \uc218 \ub9ce\uc740 \uae30\uc5c5\uc758 \uc8fc\uc2dd\uc744\ud55c\uaebc\ubc88\uc5d0 \uad6c\ub9e4\ud560 \uc218 \uc788\uac8c \ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ud22c\uc790\ub85c \uc218\uc775\uc744 \uc5bb\uace0 \uc2f6\uc740 \ubd84\uc774\ub77c\uba74, \ucd5c\uace0\uc758 \uc804\ub7b5 \uc911 \ud558\ub098\ub85c \uace0\ub824\ub418\ub294 \uac83\uc774\ubc14\ub85c \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub2e4\ubcc0\ud654\uc778\ub370, \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \ucd94\uc885\ud558\ub294 \uc9c0\uc218 \ub0b4\uc758 \uc5ec\ub7ec \ubd84\uc57c\ub97c \ub300\ud45c\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc5b4\ub290 \ud55c \uae30\uc5c5\uc758 \uc8fc\uc2dd\uc774 \uc544\ub2c8\ub77c \uc5ec\ub7ec \uc720\uac00\uc99d\uad8c\uc758 \uac00\uce58\ub97c \ubc18\uc601\ud558\uace0 \uc788\uae30 \ub54c\ubb38\uc5d0 \uc124\uc0ac \uac1c\ubcc4 \uae30\uc5c5 \uc8fc\uac00\uac00 \ud3ed\ub77d\ud558\ub294 \uc77c\uc774 \ubc1c\uc0dd\ud558\ub354\ub77c\ub3c4 \ud06c\uac8c \ud0c0\uaca9\uc744 \ubc1b\uc9c0 \uc54a\uace0, \ud22c\uc790\uc790\ub4e4\uc774 \ud070 \uc190\uc2e4\uc744 \ubcf4\uc9c0 \uc54a\ub3c4\ub85d \ubcf4\ud638\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\ubfd0\ub9cc \uc544\ub2c8\ub77c, \ubba4\ucd94\uc5bc \ud380\ub4dc(fondos de inversi\u00f3n)\uc640 \ube44\uad50\ud560 \ub54c \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \ud1b5\uc0c1 \uc218\uc218\ub8cc \uc5ed\uc2dc \ub354 \uc800\ub834\ud569\ub2c8\ub2e4. \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc2dc\uc7a5\uc758 \uc9c0\uc218\ub97c \ucd94\uc885\ud558\ub3c4\ub85d \uace0\uc548\ub41c \ud380\ub4dc\ub77c\uc11c \uac70\ub798 \ud589\uc704\uac00 \uad49\uc7a5\ud788 \uc801\uac8c, \ud639\uc740 \ub54c\ub85c\ub294 \uc804\ud600 \ud544\uc694\ud558\uc9c0 \uc54a\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4. \ubc18\uba74 \uc801\uadf9\uc801 \ud22c\uc790 \uc720\ud615\uc758 \ud380\ub4dc\ub294 \uacc4\uc18d\ud574\uc11c \uad6c\uc131 \uc790\uc0b0\uc744 \ub9e4\ub3c4 \ub610\ub294 \ub9e4\uc218\ud558\uba74\uc11c \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub97c \ub04a\uc784\uc5c6\uc774 \ubcc0\ud654\uc2dc\ucf1c\uc57c \ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \ucd94\uc885\ud558\ub294 \uc9c0\uc218\uc5d0 \ud3ec\ud568\ub41c \uae30\uc5c5\ub4e4\uc5d0 \ud22c\uc790\ud558\ub3c4\ub85d \ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4 \ub2e4\uc6b0\uc874\uc2a4\uc0b0\uc5c5\ud3c9\uade0\uc9c0\uc218(DJIA, Dow Jones Industrial Average)\ub97c \ucd94\uc885\ud558\ub294 \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \ub2e4\uc6b0\uc874\uc2a4\uc0b0\uc5c5\ud3c9\uade0\uc9c0\uc218\uc5d0 \ud604\uc7ac \ud3ec\ud568\ub41c 30\uac1c\ub300\uae30\uc5c5\uc5d0 \ud22c\uc790\ud558\ub294 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc \ud3ec\ud2b8\ud3f4\ub9ac\uc624\ub294 \uae30\ubcf8\uc801\uc73c\ub85c \uae30\uc900 \uc9c0\uc218\uac00 \ubcc0\ub3d9\ub420 \ub54c\uc5d0\ub9cc \ubcc0\ud569\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \uacbd\uc6b0\uc5d0 \ub530\ub77c\uc11c, \uac00\uc911 \uc9c0\uc218\ub97c\ucd94\uc885\ud558\ub294 \ud380\ub4dc\ub77c\uba74 \ud380\ub4dc \uad00\ub9ac\uc790\ub4e4\uc774 \uc9c0\uc218 \ub0b4 \uac00\uc911\uce58\ub97c \uc720\uc9c0\ud558\uae30 \uc704\ud574 \uac00\ub054 \ubcf4\uc720 \uc790\uc0b0\uc758 \ube44\uc911\uc744 \ub9ac\ubc38\ub7f0\uc2f1\ud558\uae30\ub3c4\ud569\ub2c8\ub2e4.&nbsp;&nbsp;<\/p>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc\ub97c \uad6c\uc131\ud558\ub294 \uc790\uc0b0\uc5d0 \uc544\uc8fc \ud070 \ubcc0\ud654\uac00 \ubc1c\uc0dd\ud560 \ud655\ub960\uc740 \ub9e4\uc6b0 \ub0ae\uc73c\uba70, \ud2b9\uc815 \uc790\uc0b0\uc774 \ud574\ub2f9 \uc9c0\uc218\uc5d0\uc11c \ube60\uc9c0\uac8c\ub418\uc5b4 \ud3b8\uc785 \uc885\ubaa9\uc774 \ubcc0\ud558\ub294 \uacbd\uc6b0\uac00 \uc544\ub2cc \ud55c \ud1b5\uc0c1 \uc77c\uc815\ud558\uac8c \uc720\uc9c0\ub429\ub2c8\ub2e4. \ub9ce\uc740 \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uacc4\uc88c \uac1c\uc124 \uc2dc \ucd5c\uc18c \ud22c\uc790\uae08\uc744 \uc694\uad6c\ud558\uba70, \uc218\ubc18\ub418\ub294 \ube44\uc6a9 \uc5ed\uc2dc \uac01\uac01 \uc0c1\uc774\ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\uc218\ub3d9\uc801 \uc720\ud615\uc758 \ud22c\uc790 \uad00\ub9ac\uac00 \uc88b\uc740 \uc131\uacfc, \uc218\uc775\uc73c\ub85c \uc774\uc5b4\uc9c4\ub2e4\ub294 \uc810\uc740 \uc7a5\uae30\uac04\uc5d0 \uac78\uccd0 \uc0ac\uc2e4\ub85c \ud310\uba85\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ub2e8\uae30\uc801\uc73c\ub85c \ubcf4\uba74 \ubba4\uce04\uc5bc \ud380\ub4dc\uc640 \uac19\uc740 \uc801\uadf9\uc801 \uc720\ud615\uc758 \ud380\ub4dc\uac00 \uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \ube44\ud574 \ube44\uad50\uc801 \uc88b\uc740 \uc131\uacfc\ub97c \ubcf4\uc77c \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \ud558\uc9c0\ub9cc SPIVA Scorecard\uac00 \uc81c\uc2dc\ud55c \ud1b5\uacc4\uc5d0 \uc758\ud558\uba74 1\ub144 \ub2e8\uc704\ub85c \ubcfc \ub54c \ub300\ud615\uc8fc \ubba4\uce04\uc5bc \ud380\ub4dc \uc911 60% \ub300\uac00 \uacb0\uacfc\uc801\uc73c\ub85c \ubd24\uc744 \ub54c S&amp;P 500\uc5d0 \ube44\ud574 \ub0ae\uc740 \uc131\uacfc\ub97c \ubcf4\uc778 \uac83\uc73c\ub85c \ub098\ud0c0\ub0ac\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\uc77c\ubc18\uc801\uc73c\ub85c, \ubba4\ucd94\uc5bc \ud380\ub4dc \uc911 3\ubd84\uc758 1\uc774\uc0c1\uc774 \ub2e8\uae30\uc801\uc73c\ub85c\ub294 S&amp;P 500 \ubcf4\ub2e4 \ub098\uc740 \uc131\uacfc\ub97c \ubcf4\uc778 \uac83\uc73c\ub85c \uc54c\ub824\uc838 \uc654\uc2b5\ub2c8\ub2e4. \ub2e4\ub978 \uce21\uba74\uc5d0\uc11c \ubcf4\uc790\uba74, \uc801\uadf9\uc801\uc73c\ub85c \uad00\ub9ac\ub41c \uc790\uc0b0\uc774 \uc18c\uadf9\uc801\uc73c\ub85c \uad00\ub9ac\ub41c \uc790\uc0b0\uc5d0 \ube44\ud574 \uc774\uc810\uc744 \uac00\uc9c4 \uac83\uc73c\ub85c \uc99d\uba85\ub41c \uac83\uc785\ub2c8\ub2e4. \uc608\ub97c \ub4e4\uba74 \uc911\ud615\uc8fc \ubba4\uce04\uc5bc \ud380\ub4dc\uc758 \uc57d 85%\uac00 1\ub144 \uc774\ub0b4\uc758 \uae30\uac04\uc744 \ubcf4\uc790\uba74 S&amp;P mid-cap 400 Growth Index\uc5d0 \ube44\ud574 \ub192\uc740 \uc131\uacfc\ub97c \ubcf4\uc600\uc2b5\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><strong>\uc778\ub371\uc2a4 \ud380\ub4dc \uc7a5\ub2e8\uc810<\/strong><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">\uc7a5\uc810<\/h3>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \ud22c\uc790 \uc2dc \uc8fc\uc694 \uc7a5\uc810\uc740 \uc544\ub798\uc640 \uac19\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ubd84\uc0b0 \ud22c\uc790. \ub2e4\ubcc0\ud654: \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub2e4\ubcc0\ud654 \ud6a8\uacfc\ub97c \uc8fc\ub294 \uac83\uc73c\ub85c \uc798 \uc54c\ub824\uc838 \uc788\uace0, \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub2e4\ubcc0\ud654 \ubc0f \ubd84\uc0b0 \ud22c\uc790\ub97c \ud76c\ub9dd\ud558\ub294 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \uc88b\uc740 \uc120\ud0dd\uc9c0\uc785\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc800\ube44\uc6a9: <a href=\"https:\/\/www.home.saxo\/en-mena\/learn\/guides\/pricing\/expense-ratio-explained-why-even-a-small-difference-matters\" data-type=\"link\" data-id=\"https:\/\/www.home.saxo\/en-mena\/learn\/guides\/pricing\/expense-ratio-explained-why-even-a-small-difference-matters\" target=\"_blank\" rel=\"noopener\">Ratio de gastos<\/a>\ub294 \ud380\ub4dc\uc758 \uc804\ubc18\uc801 \uc2e4\uc801\uc5d0 \uc9c1\uc811\uc801\uc73c\ub85c \uc601\ud5a5\uc744 \uc8fc\ub294 \uac83\uc73c\ub85c \uc54c\ub824\uc838 \uc788\uc2b5\ub2c8\ub2e4. \ube44\uad50\uc801\ub192\uc740 ratio de gastos\ub97c \ubcf4\uc774\ub294 fondos gestionados activamente\ub294 \uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \ube44\ud574 \ubd88\ub9ac\ud55c \uac83\uc73c\ub85c \ud3c9\uac00\ub429\ub2c8\ub2e4. Fondos gestionados activamente\ub294 \ucd1d \uc218\uc775\ub960 \uce21\uba74\uc5d0\uc11c \uae30\uc900\uce58\ub97c \ub530\ub77c\uac00\uae30 \ubc85\ucc2c \uacbd\uc6b0\uac00 \ub9ce\uc740 \ubc18\uba74\uc5d0, \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc2dc\uc7a5 \uc218\uc775\ub960\uc744 \ubcf4\ub2e4 \uc27d\uac8c \ucd94\uc885\ud560 \uc218\uac00 \uc788\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4.\u00a0<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc7a5\uae30\uc801\uc73c\ub85c \ud6e8\uc52c \uc774\ub4dd: \uc804\uc124\uc758 \ud22c\uc790\uc790\uc778 \uc6cc\ub80c \ubc84\ud54f(Warren Buffett)\uc740 \uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \ub178\ud6c4 \uc900\ube44\ub97c \uc704\ud55c \uc800\ucd95\uc5d0 \uc788\uc5b4 \ucd5c\uace0\uc758 \uc120\ud0dd\uc774\ub77c\uace0 \ud3c9\uac00\ud569\ub2c8\ub2e4. \uadf8\uc5d0 \ub530\ub974\uba74, \uc77c\ubc18 \ud22c\uc790\uc790\ub4e4\uc774 \ud22c\uc790\ub97c \ud560 \ub54c \uac1c\ubcc4 \uc8fc\uc2dd\uc744 \uace8\ub77c\uc11c \ub9e4\ub9e4\ud558\uae30 \ubcf4\ub2e4\ub294, \uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \uc81c\uacf5\ud558\ub294 \uc800\ub834\ud55c \uac00\uaca9\uc73c\ub85c S&amp;P 500\uc9c0\uc218\uc5d0 \ud3ec\ud568\ub41c \ubaa8\ub4e0 \ud68c\uc0ac\ub97c \uc0ac\ub294\uac8c \ud6e8\uc52c \uc774\ub4dd\uc785\ub2c8\ub2e4.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Comprar y mantener \ud22c\uc790\uc790\ub97c \uc704\ud55c \uc6b0\uc6d4 \uc804\ub7b5: \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc8fc\uc2dd\uc744 \uc77c \ub2e8\uc704\ub85c \uac70\ub798\ud558\uae30 \ubcf4\ub2e4\ub294 \ub9e4\uc218\ud55c \ud6c4 \uc7a5\uae30\uc801\uc73c\ub85c \ubcf4\uc720\ud558\ub294 comprar y mantener \uc804\ub7b5\uc744 \uad6c\uc0ac\ud558\ub294 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \ub354 \uc720\ub9ac\ud569\ub2c8\ub2e4.&nbsp;<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"512\" height=\"342\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/05\/\uc778\ub371\uc2a4-\ud380\ub4dc-\ud22c\uc790\uc790-512x342.jpg\" alt=\"\" class=\"wp-image-115043\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/05\/\uc778\ub371\uc2a4-\ud380\ub4dc-\ud22c\uc790\uc790-512x342.jpg 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/05\/\uc778\ub371\uc2a4-\ud380\ub4dc-\ud22c\uc790\uc790-300x200.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/05\/\uc778\ub371\uc2a4-\ud380\ub4dc-\ud22c\uc790\uc790-768x512.jpg 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2020\/05\/\uc778\ub371\uc2a4-\ud380\ub4dc-\ud22c\uc790\uc790-scaled.jpg 825w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><figcaption class=\"wp-element-caption\"><sub><sup>\uc774\ubbf8\uc9c0 \uc81c\uacf5: <a href=\"https:\/\/www.pexels.com\/@ketut-subiyanto\/\" target=\"_blank\" rel=\"noopener\">Ketut Subiyanto<\/a><\/sup><\/sub><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\ub2e8\uc810<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc2dc\uc7a5 \uc804\uccb4\uc758 \uc6c0\uc9c1\uc784\uc744 \ucd94\uc885\ud558\uae30 \ub54c\ubb38\uc5d0 \uc2dc\uc7a5\uc758 \ubcc0\ud654\uc5d0 \ub9e4\uc6b0 \ucde8\uc57d\ud569\ub2c8\ub2e4.&nbsp;<\/li>\n\n\n\n<li>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \ube44\uad50\uc801 \uc120\ud0dd\uc758 \ud3ed\uc740 \ub113\uc9c0 \uc54a\ub2e4\uace0 \ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n\n\n\n<li>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc801\uadf9\uc801 \ub9e4\ub9e4\ub97c \uc694\ud558\uc9c0 \uc54a\uae30 \ub54c\ubb38\uc5d0, \uc9c1\uc811 \uc77c\uc77c\uc774 \uc8fc\uc2dd\uc744 \ub9e4\ub9e4\ud558\uae30 \uc6d0\ud558\ub294 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c\ub294\ubd88\ub9ac\ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n\n\n\n<li>\uc778\ub371\uc2a4 \ud380\ub4dc \uc218\uc775\ub960\uc740 \ube44\uad50\uc801 \uc81c\ud55c\uc801\uc785\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p>\uc18c\uadf9\uc801\uc73c\ub85c \uad00\ub9ac\ub418\ub294 \ud380\ub4dc\uc778 \uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \uc2dc\uc7a5 \uc218\uc775\ub960\uc744 \uc0c1\ud68c\ud558\ub824\uace0 \ud558\ub294 \uacbd\uc6b0\ub294 \ub9ce\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \uadf8 \ub300\uc2e0 \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc704\ud5d8\uacfc \uc218\uc775\uc758 \uade0\ud615\uc744 \ub9de\ucd94\uace0\uc790 \ud569\ub2c8\ub2e4. \uc778\ub371\uc2a4 \ud380\ub4dc\uc758 \uae30\ubc18\uc774 \ub418\ub294 \uc8fc\uc694 \uc804\uc81c\ub294 \uc2dc\uc7a5\uc740 \uc5b8\uc81c\ub098 \uc2b9\ub9ac\ud55c\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\ucd5c\uadfc \uc218 \ub144 \uc0ac\uc774\uc5d0 \ub9ce\uc740 \uc0c8\ub85c\uc6b4 \uc9c0\uc218\ub4e4\uc774 \uac1c\ubc1c\ub418\uc5b4 \ud22c\uc790\uc790\ub4e4\uc774 \ud2b9\uc815 \uc2dc\uc7a5\uc758 \uc774\uc810\uc744 \uacf5\ub7b5\ud560 \uc218 \uc788\ub294 \uae30\ud68c\ub97c \uc5bb\uac8c\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \uc6d0\uc790\uc7ac(materias primas), \uc678\ud658(divisas) \ub610\ub294 \uc0ac\ud68c\uc801 \ucc45\uc784 \uae30\uc5c5(empresas socialmente responsables) \ub4f1 \ud2b9\uc815 \uc2dc\uc7a5\uc5d0 \ud22c\uc790\ud558\uae38 \uc6d0\ud558\ub294 \ubd84\ub4e4\uc740 \uc778\ub371\uc2a4 \ud380\ub4dc \ub355\ubd84\uc5d0 \uc6d0\ud558\ub294 \uc720\ud615\uc758 \ud22c\uc790 \uc790\uc0b0\uc744 \uace8\ub77c\uc11c \ud22c\uc790\ud560 \uc218 \uc788\uac8c \ub41c \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\uc218\ub3d9\uc801 \uad00\ub9ac\uac00 \uae0d\uc815\uc801 \uc131\uacfc\ub85c \uc774\uc5b4\uc9c0\ub294 \uacbd\uc6b0\uac00 \ub9ce\ub2e4\ub294 \uac74 \uc0ac\uc2e4\uc774\uba70, \uc7a5\uae30\uc801\uc73c\ub85c\ub294 \ub354\ub354\uc6b1 \uc720\ub9ac\ud55c \uac83\uc73c\ub85c \ud3c9\uac00\ub429\ub2c8\ub2e4. \ud558\uc9c0\ub9cc \ub2e8\uae30\uac04 \ub0b4 \ub9e4\ub9e4\uc758 \uacbd\uc6b0\uc5d0\ub294 \uc801\uadf9\uc801\uc73c\ub85c \uad00\ub9ac\ub418\ub294 \ud380\ub4dc(fondos gestionados activamente)\uac00 \ub354 \ub098\uc740 \uc131\uacfc\ub97c \ubcf4\uc774\ub294 \uac83\uc73c\ub85c \uc54c\ub824\uc838 \uc788\uae30\ub3c4 \ud558\uc8e0. SPIVA Scorecard\uc758 \ub370\uc774\ud130 \ubc0f \ud1b5\uacc4\uc5d0 \uc758\ud558\uba74 1\ub144 \uc774\ub0b4\uc758 \uae30\uac04\uc5d0\ub294 \ub300\ud615\uc8fc\ud380\ub4dc \uc911 \ub2e8\uc9c0 64%\ub9cc\uc774 S&amp;P 500\uc758 \uc218\uc775\ub960\uc744 \ub530\ub77c\uac00\uc9c0 \ubabb\ud55c \uac83\uc73c\ub85c \ubd84\uc11d\ub418\uc5c8\uc2b5\ub2c8\ub2e4. \ub2e4\uc2dc \ub9d0\ud574, \ud22c\uc790\uc790 \uc911 3\ubd84\uc7581 \uc774\uc0c1\uc774 \ub2e8\uae30\uc801\uc73c\ub85c\ub294 S&amp;P 500\ubcf4\ub2e4 \ub098\uc740 \uc218\uc775\ub960\uc744 \uac70\ub458 \uc218 \uc788\uc5c8\ub2e4\uace0 \ud558\uaca0\uc2b5\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>\uc778\ub371\uc2a4 \ud380\ub4dc \uc8fc\uc694 \uace0\ub824\uc0ac\ud56d<\/strong><\/h2>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \uad00\ud574\uc11c \uc8fc\ub85c \uace0\ub824\ub418\uc5b4\uc57c \ud558\ub294 \uc0ac\ud56d\ub4e4\uc740 \uc544\ub798\uc640 \uac19\uc2b5\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uae08\uc735 \uc2dc\uc7a5 \uc804\uccb4\uc758 \uc6c0\uc9c1\uc784\uc744 \ucd94\uc885\ud558\ub3c4\ub85d \uace0\uc548\ub418\uc5c8\uc73c\uba70, \uc2dc\uc7a5 \uc218\uc775\ub960\uc744 \uc0c1\ud68c\ud560 \uac83\uc744 \ubaa9\ud45c\ub85c\ud558\uae30 \ubcf4\ub2e4\ub294 \uc704\ud5d8\uacfc \uc218\uc775\uc758 \uade0\ud615\uc744 \ub9de\ucd94\ub3c4\ub85d \uc124\uacc4\ub418\uc5b4 \uc788\uc2b5\ub2c8\ub2e4.&nbsp;<\/li>\n\n\n\n<li>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc18c\uadf9\uc801 \uc720\ud615\uc758 \ud22c\uc790 \ubc29\uc2dd\uc774\uae30 \ub54c\ubb38\uc5d0 \uc801\uadf9\uc801\uc73c\ub85c \uad00\ub9ac\ub418\ub294 fondos gestionados activamente\uc640 \ube44\uad50\ud560 \ub54c \uc800\ub834\ud55c \ube44\uc6a9, \ub0ae\uc740 \ud68c\uc804\uc728, \uc800\ub834\ud55c \uc218\uc218\ub8cc \ubc0f \ube44\uc6a9 \ub4f1 \uad49\uc7a5\ud788 \ud6a8\uc728\uc801\uc778 \ud22c\uc790 \ud615\ud0dc\ub85c \uc54c\ub824\uc838 \uc788\uc2b5\ub2c8\ub2e4.&nbsp;<\/li>\n\n\n\n<li>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \ud380\ub4dc \ub9e4\ub2c8\uc800 \ub4f1 \uad00\ub9ac\uc790 \ube44\uc6a9\uc774\ub098 \ud2b9\uc815 \ub9e4\ub9e4 \ube44\uc6a9 \ub4f1 \uc804\ubb38 \uc11c\ube44\uc2a4 \ube44\uc6a9\uc744 \ud06c\uac8c \uc694\uad6c\ud558\uc9c0 \uc54a\uae30\ub54c\ubb38\uc5d0 \ube44\uc6a9\uc801\uc73c\ub85c \uc800\ub834\ud569\ub2c8\ub2e4.&nbsp;<\/li>\n\n\n\n<li>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc7a5\uae30\uc801\uc73c\ub85c \ubcfc \ub54c \uc5b4\ub5a4 \ub2e4\ub978 \uc720\ud615\uc758 \ud380\ub4dc\ubcf4\ub2e4 \uc88b\uc740 \uc131\uacfc\ub97c \ubcf4\uc774\ub294 \uac83\uc73c\ub85c \uc54c\ub824\uc838 \uc788\uc2b5\ub2c8\ub2e4.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><strong>\uc138\uae08<\/strong><\/h2>\n\n\n\n<p>\uc138\uae08\uc774\ub780 \uc5b4\ub290 \uad6d\uac00\ub098 \uc9c0\uc5ed\uc5d0 \uac70\uc8fc\ud558\ub294 \uac1c\uc778\uc774 \uc815\ubd80\uc5d0 \ub300\ud574 \ubd80\ub2f4\ud574\uc57c \ud558\ub294 \uc758\ubb34\uc801-\uac15\uc81c\uc801 \uae08\uc804\uc785\ub2c8\ub2e4. \uac04\ub2e8\ud788 \ub9d0\ud558\uc790\uba74, \uac1c\uc778\uc774 \uc815\ubd80\uc5d0 \ub0b4\uc57c\ud558\ub294 \ub3c8\uc778 \uc148\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<figure class=\"wp-block-image aligncenter size-large is-resized\"><img decoding=\"async\" width=\"512\" height=\"512\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/11\/22760_money_fly_from_wallet_to_Government_office_buildin_8ee326fa-846b-4182-8302-eac27e286c2d-512x512.png\" alt=\"\uc778\ub371\uc2a4 \ud380\ub4dc \uc138\uae08\" class=\"wp-image-72286\" style=\"width:358px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/11\/22760_money_fly_from_wallet_to_Government_office_buildin_8ee326fa-846b-4182-8302-eac27e286c2d-512x512.png 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/11\/22760_money_fly_from_wallet_to_Government_office_buildin_8ee326fa-846b-4182-8302-eac27e286c2d-300x300.png 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/11\/22760_money_fly_from_wallet_to_Government_office_buildin_8ee326fa-846b-4182-8302-eac27e286c2d-150x150.png 150w, https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/11\/22760_money_fly_from_wallet_to_Government_office_buildin_8ee326fa-846b-4182-8302-eac27e286c2d-81x81.png 81w, https:\/\/adamfayed.com\/wp-content\/uploads\/2023\/11\/22760_money_fly_from_wallet_to_Government_office_buildin_8ee326fa-846b-4182-8302-eac27e286c2d.png 573w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure>\n\n\n\n<div style=\"height:11px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>\uc138\uae08\uc740 \uc911\uc559 \uc815\ubd80, \uc8fc \uc815\ubd80, \uc9c0\ubc29 \uc815\ubd80 \ub4f1 \ucc28\uc6d0\uc5d0\uc11c \uc9d5\uc218\ub420 \uc218 \uc788\uace0, \uac1c\uc778\uc73c\ub85c\ubd80\ud130 \uc138\uae08\uc744 \uc9d5\uc218\ud558\ub294 \uacfc\uc815\uc744 \u2018\uacfc\uc138'\ub77c \ud569\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\uc138\uae08\uc740 \uc815\ubd80\uac00 \uc7ac\uc815 \uc9c0\ucd9c\ub85c \uc0ac\uc6a9\ud569\ub2c8\ub2e4. \uc815\ubd80\uc758 \uc8fc\uc694 \uc9c0\ucd9c \uc911 \uc77c\ubd80\ub294 \uacf5\ubb34\uc6d0 \ub4f1\uc758 \uc784\uae08, \uc815\ubd80 \ubd80\ucc98 \uac74\ubb3c-\uae30\ubc18\uc2dc\uc124\uac74\ucd95 \ubc0f \ubcf4\uc218 \ub4f1\uc785\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\uc138\uae08\uc740 \uc5ec\ub7ec \ub2e4\uc591\ud55c \uc218\uc785\uc774\ub098 \uc18c\ub4dd\uc5d0 \ubd80\uacfc\ub420 \uc218 \uc788\ub294\ub370\uc694.<\/p>\n\n\n\n<p>\uac1c\uc778\uc774\ub098 \ubc95\uc778\uc774 \ud55c \uad6d\uac00\uc5d0 \uac70\uc8fc\ud560 \ub54c \ubd80\uacfc\ub420 \uc218 \uc788\ub294 \uc138\uae08\uc740 \uad49\uc7a5\ud788 \uc5ec\ub7ec \uc885\ub958\uac00 \uc788\uace0, \uadf8 \ubd80\uacfc \uc5ec\ubd80\ub098 \ubc29\uc2dd, \ud06c\uae30, \uc138\uc728 \ub4f1\uc740 \uad6d\uac00\ubcc4\ub85c \uc18c\ub4dd\uc758 \ud06c\uae30, \uc18c\ub4dd\uc758 \uc6d0\ucc9c \ub4f1 \ub9e4\uc6b0 \ub2e4\uc591\ud55c \uc694\uc18c\ub97c \ubcf5\ud569\uc801\uc73c\ub85c \uace0\ub824\ud558\uc5ec \uacb0\uc815\ub429\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\uc911\uc559 \uc815\ubd80\uc758 \uc218\uc785\uc740 \ud1b5\uc0c1\uc801\uc73c\ub85c \uc18c\ub4dd\uc138(Income Tax), \ubd80\uac00\uac00\uce58\uc138(VAT), National Insurance Contributions, \ubc95\uc778\uc138(Corporation Tax) \ubc0f Fuel Duty\uc758 \ud615\uc2dd\uc73c\ub85c \uc9d5\uc218\ub429\ub2c8\ub2e4. \ub300\ud45c\uc801\uc778 \uc608\ub294 \uc544\ub798\uc640 \uac19\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc18c\ub4dd\uc138 (Impuesto sobre la renta)<\/li>\n<\/ul>\n\n\n\n<p>\uc18c\ub4dd\uc138\ub294 \uac1c\uc778\uc774 \ubcf8\uc778\uc758 \uc18c\ub4dd\uc5d0 \ub530\ub77c \uc815\ubd80\uc5d0 \ub0a9\ubd80\ud558\ub294 \uc138\uae08\uc785\ub2c8\ub2e4. \uc18c\ub4dd\uc138 \ubd80\uacfc \ub300\uc0c1\uc778 \uc18c\ub4dd\uc5d0\ub294 \uc784\uae08(\uadfc\ub85c\uc790\ubfd0 \uc544\ub2c8\ub77c \uc790\uc601\uc5c5\uc790 \ud3ec\ud568), \uc5f0\uae08, \ubcf4\ub108\uc2a4, \uc0c1\uc5ec\uae08 \uae30\ud0c0 \uc720\ud615\uc758 \ubaa8\ub4e0 \uc18c\ub4dd\uc744 \ud3ec\ud568\ud569\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\uc18c\ub4dd\uc138\ub294 \ubaa8\ub4e0 \uc815\ubd80\uc758 \uc8fc\uc694 \uc218\uc785\uc6d0 \uc911 \ud558\ub098\ub85c \ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4. \uad6c\uccb4\uc801\uc73c\ub85c \uc608\ub97c \ub4e4\uc790\uba74, \uc601\uad6d \uc815\ubd80\uc758 \uc218\uc785 \uc911 \uc57d30%\uac00 \uc18c\ub4dd\uc138\uc5d0\uc11c \uc628\ub2e4\uace0 \ud569\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\ubb3c\ub860 \ub300\ubd80\ubd84\uc758 \uad6d\uac00\ub294 \uac1c\uc778\ub4e4\uc5d0\uac8c \uc138\uae08 \uacf5\uc81c \ud61c\ud0dd\uc744 \ubd80\uc5ec\ud558\uace0, \uc77c\uc815 \uc218\uc900 \uc774\ud558\uc758 \uc18c\ub4dd\uc5d0 \ub300\ud574\uc11c\ub294 \uacfc\uc138\ud558\uc9c0 \uc54a\uc2b5\ub2c8\ub2e4. \ud2b9\uc815 \ubd84\ub958\uc5d0 \ud574\ub2f9\ud558\ub294 \ubd84\ub4e4\uc5d0\uac8c\ub294 \ud560\uc778\ub41c \uc138\uc728\uc744 \uc801\uc6a9\ud558\uae30\ub3c4 \ud558\uace0\uc694. \ubfd0\ub9cc \uc544\ub2c8\ub77c \uacf5\uc775 \uc2e0\ud0c1\/\uc790\uc120 \uc2e0\ud0c1(Charitable trusts)\uc758 \uc218\uc785\uc740 \uc18c\ub4dd\uc138\uac00 \uba74\uc81c\ub418\uae30\ub3c4 \ud569\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\uc0c1\uc18d\uc138(Impuesto de sucesiones)<\/li>\n<\/ul>\n\n\n\n<p>\uc0c1\uc18d\uc138\ub294 \uc774\uc804\ub418\ub294 \uac00\uce58(Transferencias de valor)\uc5d0 \ubd80\uacfc\ub418\ub294 \uc138\uae08\uc774\uba70, \uc5ec\uae30\uc5d0\ub294 \uc720\uc0b0, \uc0ac\ub9dd \uc774\uc804 \uc77c\uc815 \uae30\uac04 \ub0b4\uc758 \uc99d\uc5ec, \uc77c\uc815 \uc720\ud615\uc758 \uc2e0\ud0c1 \uc774\uc804 \ub4f1\uc774 \ud3ec\ud568\ub429\ub2c8\ub2e4. \ub2e4\ub9cc, \ub9ce\uc740 \uad6d\uac00\ub4e4\uc774 \ud2b9\uc815 \uc218\uc900 \uc774\ud558\uc758 \uae08\uc561\uc5d0 \ub300\ud574\uc11c\ub294 \uac1c\uc778\uc5d0\uac8c\uc0c1\uc18d\uc138\ub97c \ubd80\uacfc\ud558\uc9c0 \uc54a\uace0 \uc788\uc2b5\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Impuesto municipal<\/li>\n<\/ul>\n\n\n\n<p>Impuesto municipal\uc758 \uc8fc\uc694 \uac1c\ub150\uc740 \uc9c0\ubc29 \uc815\ubd80\uc758 \uc11c\ube44\uc2a4\ub97c \ubd80\ubd84\uc801\uc73c\ub85c \uae30\uae08\uc758 \ud615\ud0dc\ub85c \uc9c0\uc6d0\ud55c\ub2e4\ub294 \uac83\uc785\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ubd80\uac00\uac00\uce58\uc138 (Impuesto sobre el Valor A\u00f1adido)<\/li>\n<\/ul>\n\n\n\n<p>\ubd80\uac00\uac00\uce58\uc138\ub294 \uc18c\ube44\uc138\uc758 \uc77c\uc885\uc73c\ub85c, \uac1c\uc778\uc774 \uad6c\ub9e4\ud558\ub294 \uc7ac\ud654\ub098 \uc6a9\uc5ed\uc758 \uac00\uce58\uc5d0 \ub530\ub77c \uac1c\uc778\uc5d0\uac8c \ubd80\uacfc\ub429\ub2c8\ub2e4.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ubb3c\ud488\uc138 (Impuestos especiales)<\/li>\n<\/ul>\n\n\n\n<p>\ud1b5\uc0c1\uc801\uc73c\ub85c \ubb3c\ud488\uc138\ub780 \uc720\ub958, \ub2f4\ubc30, \uc8fc\ub958, \ub3c4\ubc15, \ucc28\ub7c9 \ub4f1 \ud2b9\uc815 \ubb3c\ud488\uc5d0 \ub300\ud574 \ubd80\uacfc\ub418\ub294 \uc138\uae08\uc744 \ub9d0\ud569\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Impuesto sobre actos jur\u00eddicos documentados<\/li>\n<\/ul>\n\n\n\n<p>\uc774\ub294 \ubd80\ub3d9\uc0b0, \uc8fc\uc2dd \ub610\ub294 \ud2b9\uc815 \uc720\uac00\uc99d\uad8c\uc758 \uc591\ub3c4 \uc2dc \ubd80\uacfc\ub418\ub294 \uc138\uae08\uc774\uba70, \uc138\uc728\uc740 \ub300\uc0c1 \uc790\uc0b0\uc5d0 \ub530\ub77c \uc0c1\uc774\ud569\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\ubc95\uc778\uc138 (Impuesto de sociedades)<\/li>\n<\/ul>\n\n\n\n<p>\ubc95\uc778\uc138\ub294 \ubc95\uc778\uc758 \uc774\uc724\uc5d0 \ub300\ud574 \ubc95\uc778\uc5d0\uac8c \ubd80\uacfc\ud558\ub294 \uc138\uae08\uc785\ub2c8\ub2e4. \uc601\uad6d\uc758 \uacbd\uc6b0 \uc815\ubd80 \uc218\uc785\uc6d0 \uc911 \uc0c1\uc704 4\uc704\ub97c \ucc28\uc9c0\ud558\uace0\uc788\uc8e0. \uc720\ub7fd\uc5d0\uc11c \uac70\ub798\ud558\ub294 \ube44 \uc601\uad6d(non-UK) \ud68c\uc0ac\uc758 establecimientos permanentes\uac00 \uc5bb\ub294 \uc774\uc724\uc5d0 \ub300\ud574\uc11c\ub3c4 \ubc95\uc778\uc138\uac00 \ubd80\uacfc\ub429\ub2c8\ub2e4.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\"><strong>\uc778\ub371\uc2a4 \ud380\ub4dc \uc138\uae08<\/strong><\/h2>\n\n\n\n<p>\ubcf8 \uae00\uc5d0\uc11c \uc8fc\ub85c \ub2e4\ub8e8\uace0\uc790 \ud55c \uc720\ud615\uc758 \uc138\uae08\uc740 \uc790\ubcf8 \uc774\ub4dd(Plusval\u00edas) \ubc0f \ubd84\ubc30\uae08\/\ubc30\ub2f9\uae08(Dividendos)\uc5d0 \ub300\ud574 \ubd80\uacfc\ub420 \uc218 \uc788\ub294 \uc138\uae08\uc785\ub2c8\ub2e4.  \uc774 \ub450 \uac00\uc9c0 \uc138\uae08\uc774 \uc778\ub371\uc2a4 \ud380\ub4dc \ud22c\uc790\uc640 \uad00\ub828\ud558\uc5ec \uac1c\uc778\uc5d0\uac8c \ubd80\uacfc\ub420 \uc218 \uc788\ub294 \ub300\ud45c\uc801\uc778 \uc138\uae08\uc774\uae30 \ub54c\ubb38\uc785\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\uc790\ubcf8\uc774\ub4dd\uc138 (Impuesto sobre plusval\u00edas)<\/h3>\n\n\n\n<p>\uc790\uc0b0 \uac00\uaca9\uc774 \uae30\uc874\uc5d0 \ube44\ud574 \uc0c1\uc2b9\ud558\ub294 \uacbd\uc6b0 \ubc1c\uc0dd\ud558\ub294 \ucc28\uc775\uc744 \uc790\ubcf8 \uc774\ub4dd\uc774\ub77c \ud569\ub2c8\ub2e4. \uc790\ubcf8 \uc774\ub4dd\uc758 \ud06c\uae30\ub294 \ud574\ub2f9 \uc790\uc0b0\uc774 \ub9e4\uac01\ub418\uae30 \uc804\uae4c\uc9c0\ub294 \ud655\uc815\ub420 \uc218 \uc5c6\uc2b5\ub2c8\ub2e4.\u00a0<\/p>\n\n\n\n<p>\uc790\uc0b0 \ub9e4\ub9e4\ub85c \uc2e4\ud604\ub41c \uc790\ubcf8 \uc774\ub4dd, \uc989 \ucc28\uc775\uc5d0 \ub300\ud574 \ubd80\uacfc\ub418\ub294 \uc138\uae08\uc744 \ud1b5\uc0c1\uc801\uc73c\ub85c \uc790\ubcf8\uc774\ub4dd\uc138\ub77c\uace0 \ud569\ub2c8\ub2e4. \uac00\ub839 \uc8fc\uc2dd, \ucc44\uad8c, \ubd80\ub3d9\uc0b0, \ud1a0\uc9c0, \uadc0\uae08\uc18d \ub4f1\uacfc \uac19\uc740 \uc790\uc0b0\uc758 \ub9e4\uac01\uc73c\ub85c \uc5bb\uc740 \ucc28\uc775, \uc790\ubcf8 \uc774\ub4dd\uc5d0 \ub300\ud574 \ubd80\uacfc\ub418\ub294 \uac83\uc774 \uc77c\ubc18\uc801\uc774\uc8e0. \uc790\ubcf8\uc774\ub4dd\uc138\ub294 \uc774\uc724\uc744 \ucde8\ud558\uae30 \uc704\ud574 \ud310\ub9e4\ud55c \uac00\uce58 \uc788\ub294 \ubb3c\uac74\uc774\ub098 \uc790\uc0b0\uc5d0 \ub300\ud574 \ubd80\uacfc\ub418\ub294 \uac83\uc774\ub77c\uace0 \ubcfc \uc218 \uc788\uc2b5\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08\uc5d0 \ub300\ud55c \uc138\uae08<\/h3>\n\n\n\n<p>\ud68c\uc0ac\uac00 \uc774\uc724\uc758 \uc77c\ubd80\ub97c \uc8fc\uc8fc\uc5d0\uac8c \uc870\uae08\uc529 \ub098\ub204\uc5b4 \uc9c0\uae09\ud558\ub294 \uacbd\uc6b0 \uc774\ub97c \ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08\uc774\ub77c\uace0 \ud569\ub2c8\ub2e4. \uac1c\uc778\uc774 \uc5bb\uc740 \ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08(Dividendos)\uc5d0 \ub300\ud574 \ubd80\uacfc\ub418\ub294 \uc138\uae08\uc744 Impuesto sobre los dividendos\ub77c\uace0 \ud569\ub2c8\ub2e4.\u00a0<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \ub300\ud55c \uc138\uae08<\/h3>\n\n\n\n<p>\uc790\ubcf8 \uc774\ub4dd\uacfc \ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08\uc740 \uc778\ub371\uc2a4 \ud380\ub4dc\ub85c\ubd80\ud130 \ubc1c\uc0dd\ud558\ub294 \ub450 \uac00\uc9c0 \uc18c\ub4dd \uc720\ud615\uc785\ub2c8\ub2e4. \uc778\ub371\uc2a4 \ud380\ub4dc\uc758 \uc7a5\uae30 \ud22c\uc790\uc6b0\uc704\uc131, \uc800\ub834\ud55c \ube44\uc6a9, \ubd84\uc0b0 \ud22c\uc790 \ub2e4\ubcc0\ud654 \ud6a8\uacfc \ub4f1\uc5d0 \uc774\ub04c\ub9ac\ub294 \ubd84\ub4e4\uc740 \uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \uac00\uc9c0\ub294 \uc808\uc138 \ud6a8\uacfc\ub97c \uc544\uc2e0\ub2e4\uba74\ub354\ub354\uc6b1 \uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \ud22c\uc790\ud558\ub824\uace0 \ud558\uc2e4 \uac83\uc785\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \ub2e4\ub978 \uc720\ud615\uc758 \ud22c\uc790 \ub300\uc0c1\uacfc \ube44\uad50\ud574\ubcfc \ub54c \ub354\ub354\uc6b1 \uc808\uc138\uc5d0 \ud6a8\uacfc\uc801\uc778 \uac83\uc73c\ub85c \ud3c9\uac00\ub418\ub294\ub370\uc694. \uc774 \uc808\uc138 \ud6a8\uacfc \ub54c\ubb38\uc5d0 \uacfc\uc138 \ub300\uc0c1 \uacc4\uc88c\uc5d0 \ud380\ub4dc\ub97c \ubcf4\uc720\ud558\uc2e0 \ud22c\uc790\uc790\ub4e4\uc740 \uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \ud22c\uc790\ud568\uc73c\ub85c\uc368 \uc138\uae08\uc744 \ud6a8\uacfc\uc801\uc73c\ub85c \uc904\uc77c\uc218 \uc788\uac8c \ub429\ub2c8\ub2e4. \uadf8\ub807\ub2e4\uba74, \uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \uc808\uc138\uc5d0 \uc88b\uc740 \uc774\uc720\ub294 \ubb34\uc5c7\uc77c\uae4c\uc694?<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\ub0ae\uc740 \ud68c\uc804\uc728<\/strong><\/li>\n<\/ul>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \uc138\uae08 \uce21\uba74\uc5d0\uc11c \ud6a8\uc728\uc801\uc774\uace0 \uc808\uc138 \ud6a8\uacfc\ub97c \uac00\uc9c8 \uc218 \uc788\uac8c \ud558\ub294 \uc8fc\uc694 \uc694\uc778 \uc911 \ud558\ub098\ub294 \ub0ae\uc740 \ub9e4\ub9e4 \ud68c\uc804\uc728\uc785\ub2c8\ub2e4. \ub9e4\ub9e4\ud68c\uc804\uc728\uc740 \uc9c0\ub09c 1\ub144 \uac04 \ud2b9\uc815 \ud380\ub4dc\uac00 \uc5bc\ub9c8\ub098 \ub9ce\uc774 \uad50\uccb4, \ub9e4\ub9e4\ub418\uc5c8\ub294\uc9c0 \ubcf4\uc5ec\uc8fc\ub294 \uc9c0\ud45c\uc785\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\uac00\ub839 \uc5b4\ub5a4 \uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \uac01\uae30 \ub2e4\ub978 100\uac1c\uc758 \uc8fc\uc2dd\uc5d0 \ud22c\uc790\ud558\uace0 \uc788\ub294\ub370 \uadf8 \uc911 30\uac1c \uc8fc\uc2dd\uc774 \uad50\uccb4\ub418\uc5c8\ub2e4\uba74, \ud574\ub2f9 \uc778\ub371\uc2a4 \ud380\ub4dc\uc758 \ud68c\uc804\uc728\uc740 30%\ub77c\uace0 \ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\ud68c\uc804\uc728\uc774 \ub192\uc73c\uba74 \uc5b4\ub5a4 \uc77c\uc774 \ubc1c\uc0dd\ud558\ub294\uac74\uc9c0 \uc758\uad6c\uc2ec\uc774 \ub4dc\uc2e4 \uc218 \uc788\uc2b5\ub2c8\ub2e4. \ud68c\uc804\uc728\uc774 \ub192\uc73c\uba74 \uc774\ub7f0 \ud765\ubbf8\ub85c\uc6b4 \uc0c1\ud669\uc774 \ubc8c\uc5b4\uc9c0\uac8c \ub429\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\ubba4\ucd94\uc5bc \ud380\ub4dc\ucc98\ub7fc \ud68c\uc804\uc728\uc774 \ub192\uc73c\uba74 \uc8fc\uc2dd\uc744 \ub9e4\ub3c4\ud558\uace0 \ub9e4\uc218\ud558\ub294 \ud589\uc704\uac00 \ub9ce\uc544\uc9c0\uac8c \ub429\ub2c8\ub2e4. \ub9e4\ub9e4 \ud589\uc704\uac00 \uc7a6\uc544\uc9c0\uba74, \uc801\uc5b4\ub3c4 \uc77c\ubd80 \uc8fc\uc2dd\uc740 \uc2e4\uc81c \ub9e4\uc218 \uac00\uaca9\ubcf4\ub2e4 \ub192\uc740 \uac00\uaca9\uc744 \uc8fc\uace0 \ud314\uac8c \ub418\uc8e0. \uc5ec\uae30\uc11c \ucc28\uc775, \uc989 \uc790\ubcf8 \uc774\ub4dd\uc774 \ubc1c\uc0dd\ud558\uac8c \ub429\ub2c8\ub2e4. \uc774 \ucc28\uc775\uc740 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \ubd84\ubc30\ub418\uace0\uc694. \uc774\uc775\uc744 \ub098\ub220\uc8fc\ub294\ub370 \ubb50\uac00 \ubb38\uc81c\ub0d0\uace0 \uc0dd\uac01\ud558\uc2dc\ub098\uc694? \uc774\uc720\ub294 \uc790\ubcf8\uc774\ub4dd\uc138\uac00 \ubd80\uacfc\ub41c\ub2e4\ub294 \uc0ac\uc2e4\uc5d0 \uc788\uc2b5\ub2c8\ub2e4. \ud22c\uc790\uc790\ub4e4\uc740 \uc790\ubcf8 \uc774\ub4dd\uc138\ub97c \ub0a9\ubd80\ud574\uc57c \ud558\ub294 \ubd80\ub2f4\uc744 \uc9c0\uac8c \ub429\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\ub530\ub77c\uc11c \uc778\ub371\uc2a4 \ud380\ub4dc\ubcf4\ub2e4 \ud68c\uc804\uc728\uc774 \ub192\uc740(\uac00\ub839 20%) fondos gestionados activamente\uc640 \ube44\uad50\ud560 \ub54c \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uac00\ub8391~2%\uc815\ub3c4\ub85c \ub0ae\uc740 \ud68c\uc804\uc728\ub9cc \ubcf4\uc774\uae30 \ub54c\ubb38\uc5d0 \ubd80\uacfc\ub418\ub294 \uc138\uae08 \uc5ed\uc2dc \uc801\ub2e4\uace0 \ud558\uaca0\uc2b5\ub2c8\ub2e4. \uc5b4\ub5a4 \uacbd\uc6b0\uc5d0\ub294 \ud68c\uc804\uc728\uc774100%\uc778 \uc778\ub371\uc2a4 \ud380\ub4dc\ub3c4 \uc788\ub294\ub370\uc694, \uc774 \uacbd\uc6b0\uc5d0\ub294 \uc870\uae08 \ub354 \ud070 \uc138\uae08\uc774 \ubd80\uacfc\ub420 \uc218 \uc788\uc2b5\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\uc801\uc740 \ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08<\/strong><\/li>\n<\/ul>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc801\uadf9\uc801 \uc720\ud615\uc758 \ud380\ub4dc\uc5d0 \ube44\ud574 \uc8fc\uc8fc\uc5d0\uac8c \ubd84\ubc30\ub418\ub294 \ubc30\ub2f9\uae08\uc774 \uc801\uc740 \ud3b8\uc785\ub2c8\ub2e4. \uc5ec\ub7ec \ub2e4\ub978 \uc885\ub958\uc758 fondos gestionados activamente\uc640 \ub9c8\ucc2c\uac00\uc9c0\ub85c, \uc778\ub371\uc2a4 \ud380\ub4dc\ub85c\ubd80\ud130 \uc5bb\ub294 \ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08 \uc5ed\uc2dc \uacfc\uc138 \ub300\uc0c1\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\ubc30\ub2f9\uc744 \uc0c1\ub2f9\ud788 \ub9ce\uc774 \ud558\ub294 \uc8fc\uc2dd\uc5d0 \ud22c\uc790\ud558\ub294 \ud22c\uc790\uc790\ub4e4\uc5d0\uac8c \ud2b9\ud788 \uc5b4\ud544\ud558\uae30 \uc704\ud574 \uace0\uc548\ub41c \uc720\ud615\uc758 \uc778\ub371\uc2a4 \ud380\ub4dc\ub77c\uba74 \ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08\uc774 \uc880 \ub354 \ub9ce\uc744 \uc218\ub294 \uc788\uc2b5\ub2c8\ub2e4. \uadf8 \ubc16\uc5d0\ub3c4, \ucc44\uad8c \uc778\ub371\uc2a4 \ud380\ub4dc(Bond Index Fund)\uc5d0 \ud22c\uc790\ud558\uc2dc\ub294 \uacbd\uc6b0\uc5d0\ub294 \ubc30\ub2f9\uae08\uacfc \uc774\uc790\uc5d0 \ub300\ud574 \ubd80\uacfc\ub418\ub294 \uc138\uae08\uc744 \ubd80\ub2f4\ud558\uc154\uc57c \ud560 \uc218 \uc788\uc2b5\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\ucda9\ubd84\ud788 \uc704\ud5d8\uc744 \uac10\uc218\ud560 \uc5ec\ub825\uc774 \uc788\uace0 \ubcf8\uc778\ub9cc\uc758 \ud6cc\ub96d\ud55c \ud22c\uc790 \uc804\ub7b5\uc744 \uac00\uc9c4 \ud22c\uc790\uc790\ub77c\uba74 growth index fund\uc5d0 \ud22c\uc790\ud558\uc2e4 \uc218\ub3c4 \uc788\uc2b5\ub2c8\ub2e4. \uac00\ub839 Vanguard Growth Index\uc640 \uac19\uc740 growth index fund\uc5d0 \ud22c\uc790\ud558\uc2dc\ub294 \uacbd\uc6b0\ub77c\uba74 \ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08\uc744 \uc9c1\uc811\uc801\uc73c\ub85c \ubc1b\uc9c0 \uc54a\uc73c\uc2e4 \uac81\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\uadf8 \ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08\uc740 \uc9c1\uc811 \ud22c\uc790\uc790\uc5d0\uac8c \uc9c0\uae09\ub418\ub294 \ub300\uc2e0\uc5d0 \ubcf4\uc720 \uc790\uc0b0\uc5d0 \uc7ac\ud22c\uc790 \ud558\ub294 \ubc29\uc2dd\uc73c\ub85c \uc6b4\uc6a9\ub429\ub2c8\ub2e4. \uc774\ub97c \ud1b5\ud574\ud22c\uc790\uc790\ub294 \ubcf4\uc720 \uc790\uc0b0\uc758 \uac00\uce58\ub97c \ud0a4\uc6b8 \uc218 \uc788\uace0 \ubc30\ub2f9\uae08\/\ubd84\ubc30\uae08 \ub4f1\uc744 \ud1b5\ud55c \uc218\uc775\uc5d0 \ubd80\uacfc\ub418\ub294 \uc138\uae08\ub3c4 \uc808\uc57d\ud560 \uc218 \uc788\ub294 \uac83\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\uc808\uc138 \ud6a8\uacfc\uac00 \uc788\ub294 corretaje \uacc4\uc88c\ub97c \ubcf4\uc720\ud558\uc2e0 \ud22c\uc790\uc790\ub4e4\uc774 \uac00\uc7a5 \uba85\uc2ec\ud558\uc154\uc57c \ud560 \uc810\uc740, \ud558\ub9c8\ud130\uba74 \uc138\uae08\uc73c\ub85c \ube60\uc838\ub098\uac08 \ubed4 \ud55c \uae08\uc561\uc744 \uc7ac\ud22c\uc790\ud568\uc73c\ub85c\uc368 \uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \uad49\uc7a5\ud788 \ud6a8\uc728\uc801\uc73c\ub85c \ud22c\uc790\ud558\uc2e4 \uc218 \uc788\ub2e4\ub294 \uc0ac\uc2e4\uc785\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\ub9ce\uc740 \ud22c\uc790\uc790 \ubd84\ub4e4\uc774 \uc798 \uc54c\uace0 \uacc4\uc2dc\uaca0\uc9c0\ub9cc, \ub2e4\ub978 \uac83 \ubcf4\ub2e4\ub3c4 \uc778\ub371\uc2a4 \ud380\ub4dc, Crecimiento de peque\u00f1a capitalizaci\u00f3n funds\ub4f1\uc5d0 \ud22c\uc790\ud558\uc2dc\ub294\uac83\uc774 \uc7ac\ud22c\uc790 \ub4f1\uc744 \uace0\ub824\ud560 \ub54c \uc138\uae08 \uce21\uba74\uc5d0\uc11c \uad49\uc7a5\ud788 \uc720\ub9ac\ud569\ub2c8\ub2e4.&nbsp;&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" style=\"font-size:30px\">\ub9c8\ubb34\ub9ac<\/h2>\n\n\n\n<p>\uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uc18c\uadf9\uc801\uc73c\ub85c \uad00\ub9ac\ub418\ub294 \uc720\ud615\uc758 \ud22c\uc790 \uc0c1\ud488\uc774\uae30 \ub54c\ubb38\uc5d0 \uc801\uadf9\uc801\uc73c\ub85c \uad00\ub9ac\ub418\ub294 \ud380\ub4dc\uc5d0 \ube44\ud574 \uc138\uae08 \uce21\uba74\uc5d0\uc11c \ud6e8\uc52c \ub354 \ud6a8\uc728\uc801\uc774\uace0 \uc808\uc138\ud6a8\uacfc\uac00 \ud07d\ub2c8\ub2e4. \uc778\ub371\uc2a4 \ud380\ub4dc\ub294 \uae30\uc900\uc774 \ub418\ub294 \uc9c0\uc218\ub97c \ucd94\uc885\ud558\uae30 \ub54c\ubb38\uc5d0 \ub2e4\ub978 \ud380\ub4dc\uc5d0\ube44\ud574 \ub9e4\ub9e4 \ud68c\uc804\uc728\uc774 \uad49\uc7a5\ud788 \ub0ae\ub2e4\ub294 \uc758\ubbf8\uc774\uae30\ub3c4 \ud569\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\ub9e4\ub9e4 \ud68c\uc804\uc728\uc740 \ud574\ub2f9 \uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \ucd94\uc885\ud558\ub294 \uc778\ub371\uc2a4\uc758 \uae30\uc874 \ud3ec\ud2b8\ud3f4\ub9ac\uc624 \ub0b4 \uc8fc\uc2dd \ub4f1\uc774 \ub9e4\ub9e4\ub428\uc73c\ub85c\uc368 \ubcc0\ub3d9\uc774 \ubc1c\uc0dd\ud558\ub294 \uc815\ub3c4\ub97c \uc758\ubbf8\ud558\ub294\ub370\uc694. \uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \ub9e4\ub9e4 \ud68c\uc804\uc728\uc774 \ub0ae\uc544\uc11c \uac00\uc9c0\ub294 \uc7a5\uc810 \uc911 \ud558\ub098\ub294 \ub2e4\ub978 \ud380\ub4dc\uc5d0 \ube44\ud574 \uc790\ubcf8\uc774\ub4dd \ubc1c\uc0dd \uc815\ub3c4\uac00 \uc801\ub2e4\ub294 \uc810\uc785\ub2c8\ub2e4. Fondos gestionados activamente\ub294 \uc778\ub371\uc2a4 \ud380\ub4dc\uc5d0 \ube44\ud574 \ud6e8\uc52c \ub192\uc740 \ub9e4\ub9e4 \ud68c\uc804\uc728\uc744 \ubcf4\uc774\ub294 \uac83\uc774 \uc77c\ubc18\uc801\uc785\ub2c8\ub2e4.<\/p>\n\n\n\n<p>\ud558\uc9c0\ub9cc, \ub610 \ud55c\uac00\uc9c0 \uba85\uc2ec\ud558\uc154\uc57c \ud560 \uc810\uc740, \uc778\ub371\uc2a4 \ud380\ub4dc\uac00 \uc88b\uc740 \ud22c\uc790 \uc0c1\ud488\uc774\ub77c\uace0 \ud558\ub354\ub77c\ub3c4 \ud22c\uc790\uc790\ub4e4, \ud2b9\ud788 \ucd08\ubcf4 \ud22c\uc790\uc790 \ubd84\ub4e4\uc5d0\uac8c\ub294 \ub54c\ub85c \uaf64 \uc704\ud5d8\ud560 \uc218\uac00 \uc788\ub2e4\ub294 \uc0ac\uc2e4\uc785\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\ub530\ub77c\uc11c \ud22c\uc790\ud558\uc2dc\uace0\uc790 \ud558\ub294 \ud2b9\uc815 \uc0c1\ud488\uc5d0 \ub300\ud574\uc11c \uad00\ub828 \uc6a9\uc5b4\ub4e4\uc744 \ucda9\ubd84\ud788 \uc219\uc9c0\ud558\uc2dc\uace0, \ubbff\uc744 \uc218 \uc788\ub294 \uc804\ubb38\uac00\uc640\uc758 \uc0c1\ub2f4\uc744 \ud1b5\ud574 \uc218\uc775\uc744 \ucd5c\ub300\ud654\ud560 \uc218 \uc788\ub294 \uc804\ub7b5\uc5d0 \ub300\ud574 \uace0\ubbfc\ud558\uc2dc\uae30\ub97c \ucd94\ucc9c \ub4dc\ub9ac\uba70, \uc774\ub97c \ud1b5\ud574 \ub354 \ub098\uc740 \ud22c\uc790 \uc218\uc775\uc744 \uc5bb\uc73c\uc2e4\uc218 \uc788\uc73c\ub9ac\ub77c \uc0dd\uac01\ud569\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\ubb3c\ub860 \ub3c4\uc6c0 \uc5c6\uc774 \uc2a4\ub85c \ud22c\uc790\ud574\ubcf4\uc2dc\ub294 \uac83\ub3c4 \uac00\ub2a5\ud558\uc9c0\ub9cc, \uc5ec\ub7ec \uc758\ubb38\uc0ac\ud56d\uc774\ub098 \uac80\ud1a0\ud574\uc57c \ud560 \ubd80\ubd84\ub4e4\uc5d0 \ub300\ud574\uc11c \ub3c4\uc6c0\uc744\uc904 \uc218 \uc788\ub294 \uc804\ubb38\uac00\uc758 \ub3c4\uc6c0\uc744 \uad6c\ud558\ub294 \uac8c \uc7a5\uae30\uc801\uc774\uace0 \uac70\uc2dc\uc801 \uad00\uc810\uc5d0\uc11c \ub354 \ub0ab\uc2b5\ub2c8\ub2e4.&nbsp;<\/p>\n\n\n\n<p>\ubcf8 \uae00\uc740 \uc138\uae08 \uc804\ubb38\uac00\uc5d0 \uc758\ud574 \uc791\uc131\ub41c \uac83\uc774 \uc544\ubbf8\ub140, \uc138\ubc95 \ubc0f \uc138\uae08 \uad00\ub828 \uaddc\uc815\uc740 \uc5b8\uc81c\ub4e0 \ubcc0\ub3d9 \uac00\ub2a5\uc131\uc774 \uc788\uc2b5\ub2c8\ub2e4.<\/p>\n\n\n\n<p><strong>\u00bfLe duele la indecisi\u00f3n financiera? <\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" width=\"512\" height=\"288\" src=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-512x288.jpg\" alt=\"\" class=\"wp-image-117505\" style=\"width:683px;height:auto\" srcset=\"https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-512x288.jpg 512w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-300x169.jpg 300w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-768x432.jpg 768w, https:\/\/adamfayed.com\/wp-content\/uploads\/2025\/03\/Adam-Fayed-Contact_CTA3-scaled.jpg 825w\" sizes=\"(max-width: 512px) 100vw, 512px\" \/><\/figure>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/become-adams-client\/\">Convi\u00e9rtase en mi cliente<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/good-match-quiz\/\" target=\"_blank\" rel=\"noreferrer noopener\">Realice el cuestionario de elegibilidad de clientes<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/adamfayed.com\/es\/contact\/\" target=\"_blank\" rel=\"noreferrer noopener\">P\u00f3ngase en contacto con<\/a><\/div>\n<\/div>\n\n\n\n<p><strong>Adam es un autor reconocido internacionalmente en temas financieros, con m\u00e1s de 830 millones de respuestas en Quora, un libro muy vendido en Amazon y colaborador de Forbes.<\/strong><\/p>\n\n\n\n<p>\u200b<\/p>","protected":false},"excerpt":{"rendered":"<p>\uc778\ub371\uc2a4 \ud380\ub4dc \uc7a5\ub2f4\uc810, \uace0\ub824\uc0ac\ud56d, \uc138\uae08 \ub4f1. Another article from our Korean Desk.<\/p>","protected":false},"author":52,"featured_media":22761,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10166176115445471_100883565069113":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[11798],"tags":[1715,1713,1714,1372],"class_list":["post-22760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-options","tag--etf-","tag-1713","tag-1714","tag-1372"],"_links":{"self":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/22760","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/comments?post=22760"}],"version-history":[{"count":2,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/22760\/revisions"}],"predecessor-version":[{"id":115044,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/posts\/22760\/revisions\/115044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/media\/22761"}],"wp:attachment":[{"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/media?parent=22760"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/categories?post=22760"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adamfayed.com\/es\/wp-json\/wp\/v2\/tags?post=22760"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}