市場崩潰不必粉碎投資組合 - 瑞銀說保持冷靜，保持流動性並利用波動可以使混亂變成財富建設的優勢。

瑞銀已敦促投資者在最近的市場動盪期間保持穩定，並提供三個核心原理，以支持持續的信心，儘管升級了波動。

Recent market turbulence has left many investors feeling uneasy. But according to UBS, a calm and collected approach during turbulent market cycles can be a huge wealth-building advantage.

最近的市場動盪使許多投資者感到不安。但是，根據瑞銀的說法，在動蕩的市場週期中，一種平靜而收集的方法可能是巨大的財富建設優勢。

In a recent note, the bank’s U.S. editorial team offered three core rationales for remaining steady during recent market turbulence.

在最近的一份說明中，該銀行的美國編輯團隊提供了三個核心原理，以在最近的市場動盪期間保持穩定。

The S&P 500 is currently in correction territory, and some strategists are now warning of a possible bear market. But according to UBS, investors have good reason to remain calm.

標準普爾500指數目前處於糾正範圍內，一些戰略家現在警告了可能的熊市。但是據瑞銀稱，投資者有充分的理由保持冷靜。

First, while painful, market sell-offs are generally temporary.

首先，雖然很痛苦，但市場拋售通常是暫時的。

During bear markets since World War II, the S&P 500 fell an average of 32% from peak to trough, and it took an average of three years before reaching a new all-time high.

自第二次世界大戰以來的熊市中，標準普爾500指數從峰值到谷的平均下降了32％，平均花了三年的時間才達到新的歷史最高水平。

Those with diversified holdings saw smaller losses; a 60/40 stock-bond mix declined an average of 19%, recovering in approximately two years and three months.

那些擁有多樣化的持股的人損失較小。 60/40的股票債券混合平均下降了19％，在大約兩年零三個月內恢復。

Next, a liquidity strategy can help to prevent lasting losses during market downturns.

接下來，一種流動性策略可以幫助防止在市場低迷期間持久損失。

“With this financial cushion, we can maintain our lifestyle comfortably while we wait for markets to recover,” the firm said. “A well-funded liquidity strategy—holding enough cash, bonds, and borrowing capacity to cover spending needs for the next 3–5 years—is enough to fully insulate our day-to-day spending from market volatility.”

該公司說：“有了這種金融緩衝，我們可以在等待市場恢復時舒適地保持生活方式。” “一項資金充足的流動性策略 - 持有足夠的現金，債券和借貸能力來滿足未來3 - 5年的支出需求 - 足以將我們日常支出與市場波動完全隔絕。”

“This also helps us to avoid the risk of permanently locking in losses by tapping into the liquidity strategy instead of liquidating investments at ‘bear market prices.”

“這也有助於我們通過利用流動性策略而不是以'熊市價格清算投資來避免永久鎖定損失的風險。”

Finally, periods of volatility can be viewed as a chance to act strategically, such as by adjusting portfolio weights or engaging in tax-loss harvesting.

最後，波動率的時期可以被視為策略性採取行動的機會，例如調整投資組合權重或從事減稅收穫。

“Volatility tends to improve the risk/return profile of options strategies and structured investments, allowing you to potentially increase your portfolio’s yield and/or growth potential while maintaining protection against potential losses.”

“波動率傾向於提高期權策略和結構性投資的風險/回報率，從而使您有可能提高投資組合的收益率和/或增長潛力，同時保持對潛在損失的保護。”