Anda di halaman 1dari 5



,QYHVWPHQW&RXOG%H:RUWK

2QHWLPH2IIHU)RU1HZ6XEVFULEHUV2UGHULQWKHQH[WDQGJHWRXUFRPSOHWH+RPH6WXG\3DFNDJHIRURQO\ UHJXODUO\
 
7KDQN<RX)RU<RXU3XUFKDVH,PSRUWDQW,QIRUPDWLRQ%HORZ
%HORZLVDRQHWLPHRIIHUIRUQHZ0DUNHW7UHQG6LJQDOVXEVFULEHUV

+RZ7KLV,QYHVWPHQW&RXOG%H
:RUWK0RUH7KDQ2YHU
7KH1H[W<HDUV

2UGHULQWKHQH[W

<HV,ZRXOGOLNHWRWDNH
DGYDQWDJHRIWKLVRQHWLPH
RIIHU
1RWKDQNV
6XEPLW

,I\RXZDQWWRWDNHDGYDQWDJH
RIWKLVRQHWLPHRIIHUFKHFN

<HV
DERYHDQGKLWVXEPLW
7KHQUHHQWHU\RXUFUHGLW
FDUGLQIRUPDWLRQ

'HDU0DUNHW7UHQG6LJQDO6XEVFULEHU
&RQJUDWXODWLRQV<RXQRZKDYHWKHWRROV\RXQHHGWREHVXFFHVVIXOLQWKHVWRFN
PDUNHW%XW,ZDQWWRVKDUHVRPHWKLQJHOVHZLWK\RXWKDWFRXOGGRXEOHRUWULSOH\RXU
VXFFHVV
,ZDQWWRVKDUHP\FRPSOHWH+RPH6WXG\&RXUVHZLWK\RX,WZDONV\RXVWHSE\VWHS
WKURXJKVHYHUDODGYDQFHGVWUDWHJLHV\RXFDQXVHWRUHDOL]HPXFKJUHDWHUJDLQV
'RQ
WJHWPHZURQJ\RXFDQGRSKHQRPHQDOMXVWSLFNLQJDKDQGIXORIVWRFNVDQG
IROORZLQJDOOWKHVKRUWWHUP%8<+2/'6(//VLJQDOVSURYLGHGE\WKH0DUNHW7UHQG6LJQDO
VRIWZDUH
%XWOHWPHDVN\RXWKLV
,I\RXNQHZVHYHUDODGYDQFHG0DUNHW7UHQG6LJQDOVWUDWHJLHVWKDWFRXOGGRXEOHRU
HYHQWULSOH\RXUJDLQVZRXOGLWEHZRUWK"
,W
VDQREUDLQHU7KDW
VH[DFWO\ZKDW,ZDQWWRJLYHWR\RX
7KDW
VQRWDOO,ZLOOWHDFK\RXVRPHYHU\LPSRUWDQWPRQH\PDQDJHPHQWULVN
PDQDJHPHQWDQGLQVXULQJVWUDWHJLHV,WLVYLWDOWKDW\RXNQRZKRZPXFKWRSODFHRQHDFK
WUDGHKRZWRSURWHFW\RXUSRVLWLRQVDQGPDQDJH\RXUULVN
3OXV,ZDQWWRWHDFK\RXKRZWRVLIWWKURXJKWKHWKRXVDQGVRILQFUHGLEOHVLJQDOV
SURYLGHGE\RXUV\VWHPVR\RXFDQILQGWKHWRSVWRFNVHDFKDQGHYHU\GD\
,DPFRQILGHQWWKDWP\FRPSOHWH+RPH6WXG\&RXUVHZLOOGRXEOHRUWULSOH\RXU
VXFFHVVDQGKHOSNHHS\RXDVDVDWLVILHG0DUNHW7UHQG6LJQDOVXEVFULEHUZKLFKLVZK\
,
PJLYLQJLWWR\RXMXVWWKLVRQFHIRUDQH[WUHPHO\ORZSULFH
/HWPHVKRZ\RXMXVWDIHZH[DPSOHVRIKRZ\RXFRXOGSXW\RXUUHWLUHPHQWRQWKH
IDVWWUDFNE\XVLQJWKHVHVWUDWHJLHV
KWWSVZZZPDUNHWWUHQGVLJQDOFRPVHFXUHVHFXUH'7SKS"3+36(66,' PYJLVOXWPOQGPKGVTP





,QYHVWPHQW&RXOG%H:RUWK

([DPSOH0D[LPL]H3URILWV7KURXJK/RQJ7HUP&DSLWDO*DLQV

)ROORZLQJ$OO6KRUW7HUP6LJQDOV
3URYLGHG%\0DUNHW7UHQG6LJQDO
,QLWLDO%X\#
1XPEHURI6KDUHV

,QLWLDO%X\#
1XPEHURI6KDUHV

7RWDORI%X\6LJQDOV

6HOO#

7RWDORI6HOO6LJQDOV

+ROGLQJ3HULRG0RQWKV

7RWDO3URILW
6KRUW7HUP7D[# 
1HW3URILW 

8VLQJ/HW,W5XQ6WUDWHJ\$QG
6HOOLQJ$W)LUVW6HOO6LJQDO$IWHU
<HDU

7RWDO3URILW
/RQJ7HUP7D[# 
1HW3URILW 

'LIIHUHQFHRQWKLVWUDGH 
<RXFDQVHHWKDWHYHQZLWKRXWXVLQJDQDGYDQFHGVWUDWHJ\\RXZRXOGKDYHVWLOO
PDGHDQH[FHOOHQWSURILW%XWKDG\RXXVHGRXUDGYDQFHG/HW,W5XQVWUDWHJ\\RXZRXOG
KDYHSURILWHGDQDGGLWLRQDORUHQRXJKWREX\WKLVKRPHVWXG\FRXUVHWLPHVDQG
WKDWZDVMXVWRQHWUDGH

([DPSOH/HDUQ3URSULHWDU\7UDGLQJ3DWWHUQV7R$GG7R:LQQLQJ3RVLWLRQV

KWWSVZZZPDUNHWWUHQGVLJQDOFRPVHFXUHVHFXUH'7SKS"3+36(66,' PYJLVOXWPOQGPKGVTP





,QYHVWPHQW&RXOG%H:RUWK

)ROORZLQJ$OO6KRUW7HUP6LJQDOV
3URYLGHG%\0DUNHW7UHQG6LJQDO
,QLWLDO%X\#

8VLQJ/HW,W5XQ$QG'RXEOH
'RZQ$QG6HOOLQJ,QLWLDO%X\$IWHU
<HDU
,QLWLDO%X\#

1XPEHURI6KDUHV

1XPEHURI6KDUHV

7RWDORI%X\6LJQDOV

6HOO,QLWLDO%X\#

7RWDORI6HOO6LJQDOV

+ROGLQJ3HULRG<HDU

7RWDO3URILW

,QLWLDO%X\7RWDO3URILW

6KRUW7HUP7D[# 

,QLWLDO%X\/RQJ7HUP7D[#


1HW3URILW 

,QLWLDO%X\1HW3URILW 
'RXEOH'RZQ6HFRQG%X\#

&RVWRI,QVXUDQFH
'RXEOH'RZQ6HFRQG%X\3URILW
 XQUHDOL]HG

'LIIHUHQFHRQ,QLWLDO%X\ 
'LIIHUHQFHRQ6HFRQG%X\ 
7RWDO'LIIHUHQFH 
%\OHDUQLQJWRLGHQWLI\SURSULHWDU\WUDGLQJSDWWHUQVOLNHWKHRQHDERYH\RXFRXOG
KDYHSXWDQH[WUDVWUDLJKWWR\RXUERWWRPOLQHRQWKDWVLQJOHWUDGH<RXFRXOGEX\
WKLVKRPHVWXG\FRXUVHWLPHVIURPWKDWWUDGHDORQH/XFN\IRU\RX\RXRQO\KDYHWR
EX\LWRQFHIRUWKHLQFUHGLEO\ORZSULFHRI7KHUHPDLQLQJZRXOGEH\RXUVWR
GRZKDWHYHU\RXZDQWZLWK

8VLQJ$GYDQFHG6WUDWHJLHV:LWK0DUNHW7UHQG6LJQDO&RXOG%H
:RUWKLQVWHDGRI7KDWLVDGLIIHUHQFHRI
RYHUWKHQH[W\HDUV
,QWKHWDEOHEHORZ\RXFDQVHHMXVWKRZYDOXDEOHWKHVHVWUDWHJLHVFRXOGEH7KH
WZRWDEOHVFRPSDUHDSRUWIROLR7KHILUVWH[DPSOHVKRZVDQLQLWLDOLQYHVWPHQW
WKDWFRPSRXQGVDWD\HDU$IWHU\HDUVLWLVZRUWK
7KHVHFRQGH[DPSOHVKRZVDSRUWIROLRWKDWFRPSRXQGVDWHDFK
\HDUEXWWKLVRQHDGGVDQDGGLWLRQDOHDFK\HDUWRWKHSRUWIROLR$IWHU\HDUV
LWLVZRUWK
,I\RXXVHGRXUDGYDQFHGVWUDWHJLHVRQO\RUWLPHVD\HDURQWKLVSRUWIROLRLW
ZRXOGEHPRUHWKDQIHDVLEOHWRFRPHXSZLWKDQH[WUDRUPRUHHDFK\HDUWRSXW
EDFNLQWR\RXUDFFRXQW
7KLVLVDOOPRQH\\RXQHYHUZRXOGKDYHVHHQXQOHVV\RXOHDUQHGDQGDSSOLHG
WKHVHDGYDQFHGVWUDWHJLHV$QGLWPHDQVDQH[WUDRQWKLVSRUWIROLRRYHUWKH
QH[W\HDUV

$FFRXQW&RPSRXQGHG#:LWK
1R7D[6DYLQJV

$FFRXQW&RPSRXQGHG#:LWK
7D[6DYLQJV

<HDU $PRXQW $GGLWLRQDO

&RPSRXQGHG#


<HDU $PRXQW

$GGLWLRQDO

&RPSRXQGHG#


















































 









KWWSVZZZPDUNHWWUHQGVLJQDOFRPVHFXUHVHFXUH'7SKS"3+36(66,' PYJLVOXWPOQGPKGVTP





,QYHVWPHQW&RXOG%H:RUWK

 









 









 









 











 













 













 













 













 





 





 





 



([DPSOH/HDUQ7R'LYHUVLI\:LWK2SWLRQV)RU(YHQ*UHDWHU3URILWV
/HDUQLQJWRXVHRSWLRQVFDQDOORZ\RXWRPDNHPXFKJUHDWHUSURILWVLQDVKRUWHU
DPRXQWRIWLPH,ILWLVGRQHULJKWLWLVVDIHDQGHIIHFWLYH,QWKHH[DPSOHEHORZ\RXZRXOG
KDYHPDGHDQH[WUDRQWKLVVWRFN<RXZLOOOHDUQKRZWRXVHRSWLRQVWRFRQVLVWHQWO\
HQKDQFH\RXUJDLQVE\KXQGUHGVRISHUFHQWGD\LQDQGGD\RXW

)ROORZLQJ$OO6KRUW7HUP6LJQDOV
3URYLGHG%\0DUNHW7UHQG6LJQDO
VW7UDGH%X\#

8VLQJ2SWLRQV:LWK0DUNHW7UHQG
6LJQDO7R0D[LPL]H3URILWV
VW2SWLRQ%X\#6WULNH3ULFH
SHUFRQWUDFW

VW7UDGH6HOO#
VW7UDGH3HUFHQW*DLQ

VW2SWLRQ6HOO# RSWLRQ
YDOXH

QG7UDGH%X\#

VW2SWLRQ3HUFHQW*DLQ

QG7UDGH6HOO#

QG2SWLRQ%X\#6WULNH3ULFH
SHUFRQWUDFW

QG7UDGH3HUFHQW*DLQ
UG7UDGH%X\#

QG2SWLRQ6HOO# 
RSWLRQYDOXH

UG7UDGH6HOO#

QG2SWLRQ3HUFHQW*DLQ

UG7UDGH3HUFHQW*DLQ

UG2SWLRQ%X\#6WULNH3ULFH
SHUFRQWUDFW
UG2SWLRQ6HOO# RSWLRQ
YDOXH
UG2SWLRQ3HUFHQW*DLQ

'LIIHUHQFHRQVW7UDGH 
KWWSVZZZPDUNHWWUHQGVLJQDOFRPVHFXUHVHFXUH'7SKS"3+36(66,' PYJLVOXWPOQGPKGVTP





,QYHVWPHQW&RXOG%H:RUWK

'LIIHUHQFHRQQG7UDGH 
'LIIHUHQFHRQUG7UDGH 
7RWDO'LIIHUHQFH 
'LVFODLPHU2SWLRQFRQWUDFWSULFHVEDVHGRQHVWLPDWHGSULFHDQGQRWRQDFWXDOFRQWUDFWSULFHGXULQJUHIHUHQFHGWLPH

7KLVLVMXVWDJOLPSVHRIWKHSRZHUIRXQGLQWKHFRPSOHWH0DUNHW7UHQG6LJQDO+RPH
6WXG\&RXUVH,WZLOORSHQXSQHZGRRUVDQGVWUDWHJLHV\RXZRQ
WILQGDQ\ZKHUHHOVH
*HWVWDUWHGQRZE\FKHFNLQJWKHER[RQWKHULJKWVLGHRIWKLVSDJHDQGFOLFNLQJWKH
VXEPLWEXWWRQ
0$5.(775(1'6,*1$/7(506$1'&21',7,2167+(6(7(506$1'&21',7,216$33/<72$//352'8&725'(56
,1)250$7,215(48(67638%/,&$7,2166(59,&(6$1'63(&,$/2))(563529,'('%<0$5.(775(1'6,*1$/257+528*+
&203$1<:(%6,7(625$)),/,$7(:(%6,7(6
352'8&77(506$1'&21',7,216<28$5(*(77,1*7+(&203/(7(0$5.(775(1'6,*1$/+20(678'<&2856(5,6.
)5(()25'$<6,)<28$5(1276$7,6),(':,7+7+(352'8&7:(:,//5()81'<285385&+$6(35,&(:,7+,1
'$<62)<28525'(5<28&$1(0$,/25&$//86725(48(67$5()81'$7$1<7,0(:,7+,1'$<62)<285385&+$6(,)
<28+$9(48(67,21625&21&(5163/($6(&217$&786$7
&21',7,212)86(127,&(6$1'5(9,6,216,)<28&+226(729,6,7$1'1$9,*$7(0$5.(775(1'6,*1$/&20<285
9,6,7$1'$1<',6387(29(535,9$&<7(506$1'&21',7,216$5(68%-(&7727+,632/,&<$1'285/(*$/127,&(6
,1&/8',1*/,0,7$7,21621'$0$*(6$5%,75$7,212)',6387(6$1'$33/,&$7,212)7+(/$:2)7+(67$7(2)87$+
,1)250$7,21217+(:(%6,7(,1352027,21$/0$7(5,$/621/,1($1'2))$5(68%-(&772&+$1*(:,7+28735,25
.12:/('*($1'&216(1738568$17727+(/$:6$1'5(*8/$7,216217+(67$7($1')('(5$//(9(/6
',6&/$,0(57+(5(,612*8$5$17((3$673(5)250$1&(:,//%(,1',&$7,9(25)8785(5(68/7612$6685$1&(&$1%(
*,9(17+$7$1<,03/,('5(&200(1'$7,21:,//%(352),7$%/(25:,//127%(68%-(&772/266(6$//&/,(1766+28/'
81'(567$1'7+$77+(5(68/762)$3$57,&8/$53(5,2':,//1271(&(66$5,/<%(,1',&$7,9(2)5(68/76,1)8785(
3(5,2'67+(5(68/76$1'(;$03/(66+2:1,17+,6%22.$1'7+26(/,67('$77+(:::0$5.(775(1'6,*1$/&20:(%
6,7($5(%$6('21+<327+(7,&$/75$'(63/$,1/<63($.,1*7+(6(75$'(6:(5(127$&78$//<(;(&87('+<327+(7,&$/
256,08/$7('3(5)250$1&(5(68/76+$9(&(57$,1,1+(5(17/,0,7$7,21681/,.($1$&78$/3(5)250$1&(5(&25'
6,08/$7('75$'(6'21275(35(6(17$&78$/75$',1*$/626,1&(7+(75$'(6+$9(127$&78$//<%((1(;(&87('
5(68/760$<+$9(29(5&203(16$7('2581'(5&203(16$7(')257+(,03$&7,)$1<2)&(57$,10$5.(7)$&7256
68&+$6/$&.2)/,48,',7<&/,(1760$<+$9('21(%(77(525:256(7+$17+(5(68/7632575$<('12
5(35(6(17$7,21,6%(,1*0$'(7+$7$1<$&&2817:,//25,6/,.(/<72$&+,(9(352),7625/266(66,0,/$5727+26(
6+2:112,1'(3(1'(173$57<+$6$8',7('7+(+<327+(7,&$/3(5)250$1&(&217$,1('$77+,6:(%6,7(125+$6$1<
,1'(3(1'(173$57<81'(57$.(172&21),507+$77+(<5()/(&77+(75$',1*0(7+2'81'(57+($668037,21625
&21',7,21663(&,),('+(5($)7(5:+,/(7+(5(68/7635(6(17('$77+,6:(%6,7($5(%$6('8321&(57$,1
$668037,216%(/,(9('725()/(&7$&78$/75$',1*&21',7,2167+(6($668037,2160$<127,1&/8'($//9$5,$%/(6
7+$7:,//$))(&725+$9(,17+(3$67$))(&7('7+((;(&87,212)75$'(6,1',&$7('%<0$5.(775(1'6,*1$/5(68/76
'2127$&&2817)25&200,66,216256/,33$*(%(&$86(&/,(1760$<%(,192/9(',175$'(6$7',))(5(177,0(6$1'
0$<86(9$5,286(;,7$3352$&+(67+(<0$<250$<127+$9(5(&(,9('7+(%(67$9$,/$%/(35,&(217+(385&+$6(25
7+(6$/(2)$326,7,217+(6,08/$7,21$6680(6385&+$6($1'6$/(35,&(6%(/,(9('72%($77$,1$%/(,1$&78$/
75$',1*35,&(65(&(,9('0$<250$<127%(7+(6$0($67+($6680('25'(535,&(67+($&&85$&<',6&866(',1
7+(/(77(55(35(6(1762872)086&/(672&.6+$9,1*$326,7,9(<($5%$&.7(67('$118$/75$'((;3(&7$1&<
35,9$&<32/,&<
&23<5,*+70+,//&



KWWSVZZZPDUNHWWUHQGVLJQDOFRPVHFXUHVHFXUH'7SKS"3+36(66,' PYJLVOXWPOQGPKGVTP



Anda mungkin juga menyukai