{"id":13039,"date":"2024-05-02T05:53:52","date_gmt":"2024-05-02T05:53:52","guid":{"rendered":"https:\/\/www.arete.eu\/nastava-spravny-cas-pro-prehodnoceni-portfolii\/"},"modified":"2025-04-29T07:06:42","modified_gmt":"2025-04-29T07:06:42","slug":"nastava-spravny-cas-pro-prehodnoceni-portfolii","status":"publish","type":"post","link":"https:\/\/www.arete.eu\/cs\/nastava-spravny-cas-pro-prehodnoceni-portfolii\/","title":{"rendered":"Nast\u00e1v\u00e1 spr\u00e1vn\u00fd \u010das pro p\u0159ehodnocen\u00ed portfoli\u00ed"},"content":{"rendered":"&#13;\r\n<p><strong>Spoluzakladatel investi\u010dn\u00ed skupiny ARETE Lubor Svoboda v rozhovoru pro magaz\u00edn Euro vysv\u011btluje, pro\u010d nast\u00e1v\u00e1 spr\u00e1vn\u00fd \u010das pro p\u0159ehodnocen\u00ed portfoli\u00ed.<\/strong><\/p>&#13;\r\n<p>Finan\u010dn\u00ed trh v uplynul\u00e9m roce vykazoval nerovnov\u00e1hu. \u201eStar\u00e1 pravidla\u201c ji\u017e neplat\u00ed, investo\u0159i se sna\u017e\u00ed naj\u00edt bezpe\u010dn\u00e9 \u00fato\u010di\u0161t\u011b pro sv\u016fj kapit\u00e1l a z\u00e1rove\u0148 eliminovat ztr\u00e1ty utrp\u011bn\u00e9 b\u011bhem krize covid. Tento tlak na popt\u00e1vku zp\u016fsobuje rychl\u00fd r\u016fst cen a zejm\u00e9na americk\u00e9 akciov\u00e9 trhy za\u017eily v posledn\u00edm roce raketov\u00fd r\u016fst. Tento vysok\u00fd r\u016fst cen akci\u00ed v\u0161ak doprov\u00e1zelo tak\u00e9 v\u00fdrazn\u00e9 zv\u00fd\u0161en\u00ed pom\u011bru P\/E, kter\u00fd ud\u00e1v\u00e1 pom\u011br ceny akcie k zisku a tak\u00e9 potenci\u00e1ln\u00ed n\u00e1vratnost investice do dan\u00e9ho akciov\u00e9ho titulu.<\/p>&#13;\r\n<p>S cenami akci\u00ed na sv\u00fdch maximech, zat\u00edmco skute\u010dn\u00e1 aktiva (a mezi nimi i komer\u010dn\u00ed nemovitosti) v\u00fdrazn\u011b zlevnila, se otev\u00edr\u00e1 investi\u010dn\u00ed p\u0159\u00edle\u017eitost. Tato p\u0159\u00edle\u017eitost je atraktivn\u00ed zejm\u00e9na pro investory, kte\u0159\u00ed cht\u011bj\u00ed investovat dlouhodob\u011b a hledaj\u00ed dlouhodobou stabilitu. P\u0159i investov\u00e1n\u00ed do nemovitost\u00ed je samoz\u0159ejm\u011b d\u016fle\u017eit\u00e9 sledovat makroekonomick\u00e9 trendy, regulaci a politick\u00e9 prost\u0159ed\u00ed, ale tak\u00e9 faktory specifick\u00e9 pro aktiva. Investo\u0159i by se m\u011bli zam\u011b\u0159it p\u0159edev\u0161\u00edm na dlouhodobou v\u00fdkonnost a stabilitu emitenta a tak\u00e9 na hodnotu LTV, kter\u00e1 ukazuje pod\u00edl vlastn\u00edho a extern\u00edho financov\u00e1n\u00ed a riziko plynouc\u00ed z p\u0159edlu\u017een\u00ed.<\/p>&#13;\r\n<p><i>&#8222;Sou\u010dasn\u00fd pohled na akcie nazna\u010duje, \u017ee jsou vysoce cen\u011bn\u00e9, zat\u00edmco skute\u010dn\u00e1 aktiva se zdaj\u00ed b\u00fdt relativn\u011b dostupn\u011bj\u0161\u00ed a v n\u011bkter\u00fdch probl\u00e9mov\u00fdch situac\u00edch podhodnocen\u00e1. D\u00e1 se z toho odvodit, \u017ee je postupn\u011b spr\u00e1vn\u00fd \u010das p\u0159ehodnotit portfolia a koupit skute\u010dn\u00e1 aktiva, jako jsou komer\u010dn\u00ed nemovitosti.&#8220;<\/i><\/p>&#13;\r\n<p>Cel\u00fd rozhovor je p\u0159ilo\u017een. V\u00edce informac\u00ed o fondu ARETE INDUSTRIAL, kter\u00fd se zam\u011b\u0159uje v\u00fdhradn\u011b na v\u00fdnosov\u00e9 pr\u016fmyslov\u00e9 nemovitosti v regionu CEE a je st\u00e1le otev\u0159en\u00fd kvalifikovan\u00fdm investor\u016fm, <a href=\"https:\/\/www.arete.eu\/en\/arete-industrial\">naleznete zde<\/a>.<\/p>&#13;\r\n\r\n","protected":false},"excerpt":{"rendered":"<p>&#13; Spoluzakladatel investi\u010dn\u00ed skupiny ARETE Lubor Svoboda v rozhovoru pro magaz\u00edn Euro vysv\u011btluje, pro\u010d nast\u00e1v\u00e1 spr\u00e1vn\u00fd \u010das pro p\u0159ehodnocen\u00ed portfoli\u00ed. &#13; Finan\u010dn\u00ed trh v uplynul\u00e9m roce vykazoval nerovnov\u00e1hu. \u201eStar\u00e1 pravidla\u201c ji\u017e neplat\u00ed, investo\u0159i se sna\u017e\u00ed naj\u00edt bezpe\u010dn\u00e9 \u00fato\u010di\u0161t\u011b pro sv\u016fj kapit\u00e1l a z\u00e1rove\u0148 eliminovat ztr\u00e1ty utrp\u011bn\u00e9 b\u011bhem krize covid. Tento tlak na popt\u00e1vku zp\u016fsobuje rychl\u00fd r\u016fst cen a zejm\u00e9na americk\u00e9 akciov\u00e9 trhy za\u017eily v posledn\u00edm roce raketov\u00fd r\u016fst. Tento vysok\u00fd r\u016fst cen akci\u00ed v\u0161ak doprov\u00e1zelo tak\u00e9 v\u00fdrazn\u00e9 zv\u00fd\u0161en\u00ed pom\u011bru P\/E, kter\u00fd ud\u00e1v\u00e1 pom\u011br ceny akcie k zisku a tak\u00e9 potenci\u00e1ln\u00ed n\u00e1vratnost investice do dan\u00e9ho akciov\u00e9ho titulu. &#13; S cenami akci\u00ed na sv\u00fdch maximech, zat\u00edmco skute\u010dn\u00e1 aktiva (a mezi nimi i komer\u010dn\u00ed nemovitosti) v\u00fdrazn\u011b zlevnila, se otev\u00edr\u00e1 investi\u010dn\u00ed p\u0159\u00edle\u017eitost. Tato p\u0159\u00edle\u017eitost je atraktivn\u00ed zejm\u00e9na pro investory, kte\u0159\u00ed cht\u011bj\u00ed investovat dlouhodob\u011b a hledaj\u00ed dlouhodobou stabilitu. P\u0159i investov\u00e1n\u00ed do nemovitost\u00ed je samoz\u0159ejm\u011b d\u016fle\u017eit\u00e9 sledovat makroekonomick\u00e9 trendy, regulaci a politick\u00e9 prost\u0159ed\u00ed, ale tak\u00e9 faktory specifick\u00e9 pro aktiva. Investo\u0159i by se m\u011bli zam\u011b\u0159it p\u0159edev\u0161\u00edm na dlouhodobou v\u00fdkonnost a stabilitu emitenta a tak\u00e9 na hodnotu LTV, kter\u00e1 ukazuje pod\u00edl vlastn\u00edho a extern\u00edho financov\u00e1n\u00ed a riziko plynouc\u00ed z p\u0159edlu\u017een\u00ed. &#13; &#8222;Sou\u010dasn\u00fd pohled na akcie nazna\u010duje, \u017ee jsou vysoce cen\u011bn\u00e9, zat\u00edmco skute\u010dn\u00e1 aktiva se zdaj\u00ed b\u00fdt relativn\u011b dostupn\u011bj\u0161\u00ed a v n\u011bkter\u00fdch probl\u00e9mov\u00fdch situac\u00edch podhodnocen\u00e1. D\u00e1 se z toho odvodit, \u017ee je postupn\u011b spr\u00e1vn\u00fd \u010das p\u0159ehodnotit portfolia a koupit skute\u010dn\u00e1 aktiva, jako jsou komer\u010dn\u00ed nemovitosti.&#8220; &#13; Cel\u00fd rozhovor je p\u0159ilo\u017een. V\u00edce informac\u00ed o fondu ARETE INDUSTRIAL, kter\u00fd se zam\u011b\u0159uje v\u00fdhradn\u011b na v\u00fdnosov\u00e9 pr\u016fmyslov\u00e9 nemovitosti v regionu CEE a je st\u00e1le otev\u0159en\u00fd kvalifikovan\u00fdm investor\u016fm, naleznete zde. &#13;<\/p>\n","protected":false},"author":6,"featured_media":7649,"comment_status":"open","ping_status":"open","sticky":false,"template":"@@single-custom-post.php","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63],"tags":[],"class_list":["post-13039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-praha-cs","investment-clanky-esg","news-casopisy","news-rozhovory"],"acf":[],"rttpg_featured_image_url":{"full":["https:\/\/www.arete.eu\/wp-content\/uploads\/2025\/01\/cut-nos9750-neupravene-nahledy-bez-retusi-2-scaled.webp",2560,1652,false],"landscape":["https:\/\/www.arete.eu\/wp-content\/uploads\/2025\/01\/cut-nos9750-neupravene-nahledy-bez-retusi-2-scaled.webp",2560,1652,false],"portraits":["https:\/\/www.arete.eu\/wp-content\/uploads\/2025\/01\/cut-nos9750-neupravene-nahledy-bez-retusi-2-scaled.webp",2560,1652,false],"thumbnail":["https:\/\/www.arete.eu\/wp-content\/uploads\/2025\/01\/cut-nos9750-neupravene-nahledy-bez-retusi-2-150x150.webp",150,150,true],"medium":["https:\/\/www.arete.eu\/wp-content\/uploads\/2025\/01\/cut-nos9750-neupravene-nahledy-bez-retusi-2-300x194.webp",300,194,true],"large":["https:\/\/www.arete.eu\/wp-content\/uploads\/2025\/01\/cut-nos9750-neupravene-nahledy-bez-retusi-2-1024x661.webp",800,516,true],"1536x1536":["https:\/\/www.arete.eu\/wp-content\/uploads\/2025\/01\/cut-nos9750-neupravene-nahledy-bez-retusi-2-1536x991.webp",1536,991,true],"2048x2048":["https:\/\/www.arete.eu\/wp-content\/uploads\/2025\/01\/cut-nos9750-neupravene-nahledy-bez-retusi-2-2048x1322.webp",2048,1322,true]},"rttpg_author":{"display_name":"newadmin","author_link":"https:\/\/www.arete.eu\/cs\/author\/newadmin\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/www.arete.eu\/cs\/category\/praha-cs\/\" rel=\"category tag\">Praha<\/a>","rttpg_excerpt":"&#13; Spoluzakladatel investi\u010dn\u00ed skupiny ARETE Lubor Svoboda v rozhovoru pro magaz\u00edn Euro vysv\u011btluje, pro\u010d nast\u00e1v\u00e1 spr\u00e1vn\u00fd \u010das pro p\u0159ehodnocen\u00ed portfoli\u00ed. &#13; Finan\u010dn\u00ed trh v uplynul\u00e9m roce vykazoval nerovnov\u00e1hu. \u201eStar\u00e1 pravidla\u201c ji\u017e neplat\u00ed, investo\u0159i se sna\u017e\u00ed naj\u00edt bezpe\u010dn\u00e9 \u00fato\u010di\u0161t\u011b pro sv\u016fj kapit\u00e1l a z\u00e1rove\u0148 eliminovat ztr\u00e1ty utrp\u011bn\u00e9 b\u011bhem krize covid. Tento tlak na popt\u00e1vku zp\u016fsobuje rychl\u00fd&hellip;","_links":{"self":[{"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/posts\/13039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/comments?post=13039"}],"version-history":[{"count":3,"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/posts\/13039\/revisions"}],"predecessor-version":[{"id":16421,"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/posts\/13039\/revisions\/16421"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/media\/7649"}],"wp:attachment":[{"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/media?parent=13039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/categories?post=13039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.arete.eu\/cs\/wp-json\/wp\/v2\/tags?post=13039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}