市場風險 Market risk
The risk of investments declining in value because of economic developments or other events that affect the entire market. The market price of assets varies all the time depending on demand and supply. As a result, there is always a possibility that the price is lower than the buy-in price.
利率風險 Interest risk
當步入加息週期時, 利率上升會很可能導致資產價格下趺, 如債券, 股票, 房地產等等。
A loss in assets e.g. bonds occurs since an adjustment is made to the interest rate. For example, the market value of bonds will decrease if the interest rate goes up.
匯率風險 Currency risk
海外投資如外幣定期和海外物業都會此風險, 由於買入和賣出外幣的匯率變化而導致的利潤/虧損。如在2018年3月買入內地物業RMB:HKD是1:1.25, 而到了2020年2月是1:1, 所以因匯率就損失12%。
When you sell the foreign investment and exchange the foreign currency for your local currency, you may make a loss because of the variety of the exchange rate.
單一投資風險 Concentration risk
When your investment is only in ONE area e.g. type, industries, geographic locations, you would not diverse the risk in different areas.
信貸風險 Credit risk
It happens when the counterparty such as government or company could not fulfil the commitments of the contract. For example, the interest or the principal of the bond at maturity could not be paid when it is due.
通漲風險 Inflation risk
When the value of investments do not increase as much as the inflation, the loss of purchasing power will occur. The same amount of money could not purchase the amount of goods or services over time because the purchasing power of money is eroded. Usually, it happens to cash or bonds.
海外投資風險 Foreign investment risk
當中所涉及有可能導致虧損的風險可能在技資者本地較少可能發生的, 例如: 資產國有化、政策改變、政治風險、通漲風險等。
A loss of investment that occurs in foreign countries due to nationalisation, changes in policy, political risks, hyperinflation etc.
流動性風險 Horizon/ Liquidity risk
The investment that was expected to be held in a long term has to be sold due to unexpected problem e.g. unemployment, cash flow problem, inflation etc. A loss may occur if the market plummets.
預期壽命風險 Longevity risk
The retirement reserve is outlived. It leads to poorer qualify in life or incapability to maintain living expenses.