[et_pb_section fb_built=”1″ _builder_version=”4.19.0″ _module_preset=”default” background_color=”#f6f8ff” background_image=”https:\/\/fundguidr.ee\/wp-content\/uploads\/2022\/11\/BG-28.png” background_size=”initial” locked=”off” global_colors_info=”{}”][et_pb_row _builder_version=”4.19.0″ _module_preset=”default” width=”90%” custom_css_main_element=”position: unset;” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.0″ _module_preset=”default” custom_css_main_element=”position: unset;” global_colors_info=”{}”][et_pb_post_title meta=”off” featured_image=”off” _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][\/et_pb_post_title][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ use_custom_gutter=”on” gutter_width=”2″ specialty=”on” next_background_color=”#f6f8ff” background_color_2=”#f8f9ff” padding_top_2=”20px” padding_right_2=”20px” padding_bottom_2=”20px” padding_left_2=”20px” padding_top_bottom_link_2=”false” padding_left_right_link_2=”false” custom_css_main_2=”border: 1px solid rgba(53, 86, 191, 0.2);||border-radius: 5px;||padding-bottom: 20px !important;” _builder_version=”4.27.2″ _module_preset=”default” background_color=”#FFFFFF” width=”100%” max_width=”100%” inner_width=”90%” bottom_divider_style=”mountains2″ global_colors_info=”{}”][et_pb_column type=”2_3″ specialty_columns=”2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.19.0″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”2_3″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb content_max_width=”100%” module_id=”aktsia3″ _builder_version=”4.27.2″ _module_preset=”default” header_font=”Nunito|700|||||||” header_text_color=”#171717″ header_font_size=”22px” body_font=”Poppins|500|||||||” body_text_color=”#171717″ custom_margin=”||25px||false|false” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n
Enamik investeerimisstrateegiaid k\u00e4ivad selle kohta, et osta vara odavalt ja m\u00fc\u00fca kallimalt. See on investeerimise A ja O. Aga mis siis, kui on v\u00f5imalus teenida kasumit hoopis vastupidi – varahinna langusest? See ongi shorting ehk m\u00fc\u00fcgipositsioon. Selles artiklis uurimegi l\u00e4hemalt, mis asi see shorting on, kuidas seda kasutatakse ja milliseid riske see endaga kaasa toob.\u00a0<\/span><\/p>\n [\/et_pb_blurb][et_pb_blurb title=”Mis on shorting? ” content_max_width=”100%” module_id=”aktsia3″ _builder_version=”4.27.2″ _module_preset=”default” header_font=”Nunito|700|||||||” header_text_color=”#171717″ header_font_size=”22px” body_font=”Poppins||||||||” body_text_color=”#171717″ custom_margin=”||25px||false|false” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n Shorting, tuntud ka kui m\u00fc\u00fcgipositsioon, on\u00a0investeerimisstrateegia<\/a>, mis erineb traditsioonilisest \u201costa odavalt, m\u00fc\u00fc kallilt\u201d l\u00e4henemisest. Selle asemel spekuleerib investor vara hinna languse peale, lootes teenida kasumit selle m\u00fc\u00fcmisest ja hiljem madalama hinnaga tagasiostmisest.<\/span><\/p>\n Traditsioonilise \u201clong positioni\u201d puhul ostab investor vara (nt\u00a0aktsiad<\/a>) lootuses, et selle hind tulevikus t\u00f5useb. Seevastu shortingul laenab investor maaklerilt vara (nt aktsiaid) ja m\u00fc\u00fcb need koheselt turul k\u00e4iva hinnaga. Seej\u00e4rel loodab investor, et vara hind langeb, misj\u00e4rel ta saab need madalama hinnaga tagasi osta ja maaklerile tagastada. Kui k\u00f5ik l\u00e4heb plaanip\u00e4raselt, teenib investor tehingute vahe tuluna.<\/span><\/p>\n N\u00e4iteks usub investor, et ettev\u00f5tte X aktsia hind on \u00fclehinnatud ja hakkab langema. Ta laenab maaklerilt 100 aktsiat X ja m\u00fc\u00fcb need koheselt turuhinnal 10 eurot aktsia kohta, teenides 1000 eurot. Seej\u00e4rel ootab ta, et aktsia hind langeb n\u00e4iteks 5 euroni aktsia kohta. Sel hetkel ostab ta turult tagasi 100 aktsiat X hinnaga 5 eurot aktsia kohta ja tagastab need maaklerile. Selle tehingu tulemusena on investor teeninud 5 eurot aktsia kohta, mis kokku annab 500 eurot kasumit (1000 eurot m\u00fc\u00fcgitulust miinus 500 eurot ostuhinda).<\/span><\/p>\n [\/et_pb_blurb][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”Olulised terminid” content_max_width=”100%” module_id=”aktsia3″ _builder_version=”4.27.2″ _module_preset=”default” header_font=”Nunito|700|||||||” header_text_color=”#171717″ header_font_size=”22px” body_font=”Poppins||||||||” body_text_color=”#171717″ custom_margin=”5vw||5vw||true|false” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n [\/et_pb_blurb][\/et_pb_column][\/et_pb_section][et_pb_section fb_built=”1″ use_custom_gutter=”on” gutter_width=”2″ specialty=”on” background_color_2=”#f8f9ff” padding_top_2=”20px” padding_right_2=”20px” padding_bottom_2=”20px” padding_left_2=”20px” padding_top_bottom_link_2=”false” padding_left_right_link_2=”false” custom_css_main_2=”border: 1px solid rgba(53, 86, 191, 0.2);||border-radius: 5px;||padding-bottom: 20px !important;” _builder_version=”4.27.2″ _module_preset=”default” background_color=”#f6f8ff” width=”100%” max_width=”100%” inner_width=”90%” global_colors_info=”{}”][et_pb_column type=”2_3″ specialty_columns=”2″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_row_inner _builder_version=”4.19.0″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column_inner saved_specialty_column_type=”2_3″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Kuidas shortingut kasutatakse?” content_max_width=”100%” module_id=”aktsia3″ _builder_version=”4.27.2″ _module_preset=”default” header_font=”Nunito|700|||||||” header_text_color=”#171717″ header_font_size=”22px” body_font=”Poppins||||||||” body_text_color=”#171717″ custom_margin=”||25px||false|false” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n Shortingut saab kasutada mitmel erineval eesm\u00e4rgil:<\/p>\n Spekulatsioon<\/strong>: See on k\u00f5ige levinum p\u00f5hjus shortingu kasutamiseks. Investor usub, et vara hind langeb tulevikus ja soovib sellest langusest kasu l\u00f5igata. N\u00e4iteks kui investor usub, et ettev\u00f5tte X aktsia hind on \u00fclehinnatud ja hakkab langema, v\u00f5ib ta shortida aktsiaid, lootes teenida kasumit, kui hind langeb.<\/p>\n Hedging (kaitsmine)<\/strong>: Investor v\u00f5ib shortida vara, et kaitsta end olemasolevate varade v\u00e4\u00e4rtuse languse eest. N\u00e4iteks kui investoril on portfellis palju aktsiaid, v\u00f5ib ta shortida aktsiaindeksi futuurid, et v\u00e4hendada oma portfelli riski, kui aktsiaturg langeb.<\/p>\n V\u00e4\u00e4rtushinnang (fundamentals)<\/strong>: M\u00f5ned investorid usuvad, et teatud varad on \u00fclehinnatud ja shortib neid, et teenida kasumit, kui vara hind langeb oma \u00f5iglasele v\u00e4\u00e4rtusele. N\u00e4iteks kui investor usub, et ettev\u00f5te X finantsaruanded on ebaausad ja ettev\u00f5te tegelikult ei ole nii edukas, kui v\u00e4idetakse, v\u00f5ib ta shortida aktsiaid, lootes teenida kasumit, kui aktsia hind langeb p\u00e4rast pettuse paljastamist.<\/p>\n <\/p>\n Lisaks eelnevale on oluline tutvuda ka j\u00e4rgmiste m\u00f5istetega:<\/p>\n Short interest:<\/strong> See on aktsiate arv, mis on laenatud ja m\u00fc\u00fcdud l\u00fchikeseks. Suur short interest n\u00e4itab, et palju investoreid usub, et vara hind langeb.<\/p>\n Short squeeze:<\/strong> See on olukord, kus short sellerid on sunnitud varasid kiiresti tagasi ostma, kuna vara hind t\u00f5useb j\u00e4rsult. See v\u00f5ib juhtuda siis, kui positiivsed uudised vara kohta toovad kaasa investorite n\u00f5udluse ja hinna j\u00e4rske t\u00f5usu. N\u00e4iteks kui ettev\u00f5te X teatab ootamatult suurest kasumist, v\u00f5ivad aktsia hinnad j\u00e4rsult t\u00f5usta, sundides short sellereid aktsiaid kiiresti tagasi ostma, mis viib veelgi suurema hinna t\u00f5usuni.<\/p>\n <\/p>\n [\/et_pb_blurb][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_blurb title=”N\u00e4ide:” content_max_width=”100%” module_id=”aktsia3″ _builder_version=”4.27.2″ _module_preset=”default” header_font=”Nunito|700|||||||” header_text_color=”#171717″ header_font_size=”22px” body_font=”Poppins|300|||||||” body_text_color=”#171717″ custom_margin=”5vw||5vw||true|false” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n Oluline on m\u00e4rkida, et shorting on keeruline investeerimisstrateegia, mis sobib kogenud investoritele. See on riskantne strateegia, kuna investoril on potentsiaalselt piiritu kahjum, kui vara hind t\u00f5useb. Enne shortingu kasutamist on oluline hoolikalt uurida vara ja kaaluda k\u00f5iki riske.<\/span><\/p>\n<\/li>\n<\/ul>\n [\/et_pb_blurb][\/et_pb_column][\/et_pb_section][et_pb_section fb_built=”1″ prev_background_color=”#f6f8ff” next_background_color=”#f6f8ff” _builder_version=”4.27.2″ _module_preset=”default” background_color=”#FFFFFF” top_divider_style=”arrow2″ bottom_divider_style=”mountains2″ global_colors_info=”{}”][et_pb_row module_id=”aktsia5″ _builder_version=”4.27.2″ _module_preset=”default” custom_padding=”||0px||false|false” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Shortingu riskid ja piirangud ” content_max_width=”100%” _builder_version=”4.27.2″ _module_preset=”default” header_font=”Nunito|700|||||||” header_text_color=”#171717″ header_font_size=”22px” body_font=”Poppins||||||||” body_text_color=”#171717″ custom_margin=”||25px||false|false” text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” global_colors_info=”{}”]<\/p>\n Kuigi shorting v\u00f5ib olla tulus investeerimisstrateegia, kaasneb sellega ka olulisi riske ja piiranguid, mida tuleks enne investeerimist arvestada:<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n [\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ use_custom_gutter=”on” gutter_width=”2″ _builder_version=”4.19.0″ _module_preset=”default” custom_padding=”||0px||false|false” locked=”off” global_colors_info=”{}”][et_pb_column type=”1_2″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Potentsiaalselt piirituta kahjum” use_icon=”on” font_icon=”s||divi||400″ icon_color=”gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85″ icon_placement=”left” image_icon_width=”20px” content_max_width=”100%” icon_placement_tablet=”top” icon_placement_phone=”top” icon_placement_last_edited=”on|tablet” module_class=”educationcareerdetail_section2_blurb” _builder_version=”4.27.2″ _module_preset=”default” header_font=”Poppins||||||||” header_text_color=”#171717″ header_font_size=”15px” header_line_height=”1.3em” body_font=”|300|||||||” body_text_color=”#000000″ text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” custom_css_blurb_image=”margin-bottom: 0;||width: auto;” custom_css_blurb_title=”padding-bottom: 0;” custom_css_blurb_content=”display: flex;||align-items: center;” global_colors_info=”{%22gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85%22:%91%22icon_color%22%93}” custom_css_blurb_image_tablet=”margin-bottom: 5px;||width: auto;” custom_css_blurb_image_last_edited=”on|tablet” custom_css_blurb_content_tablet=”display: block;” custom_css_blurb_content_last_edited=”on|tablet” custom_css_blurb_image_phone=”margin-bottom: 5px;||width: auto;” custom_css_blurb_content_phone=”display: block;”]<\/p>\n Erinevalt traditsioonilisest investeerimisest, kus maksimaalne kahjum piirdub investeeritud summaga, on shortingu puhul potentsiaalselt piirituta kahjum. See on tingitud asjaolust, et aktsiate hind v\u00f5ib teoorias t\u00f5usta l\u00f5pmatuseni. Kui short seller ennustab valesti ja aktsia hind t\u00f5useb j\u00e4rsult, v\u00f5ib ta kaotada palju raha.<\/span><\/p>\n [\/et_pb_blurb][et_pb_blurb title=”Marginaali n\u00f5uded” use_icon=”on” font_icon=”s||divi||400″ icon_color=”gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85″ icon_placement=”left” image_icon_width=”20px” content_max_width=”100%” icon_placement_tablet=”top” icon_placement_phone=”top” icon_placement_last_edited=”on|tablet” module_class=”educationcareerdetail_section2_blurb” _builder_version=”4.27.2″ _module_preset=”default” header_font=”Poppins||||||||” header_text_color=”#171717″ header_font_size=”15px” header_line_height=”1.3em” body_font=”|300|||||||” body_text_color=”#000000″ text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” custom_css_blurb_image=”margin-bottom: 0;||width: auto;” custom_css_blurb_title=”padding-bottom: 0;” custom_css_blurb_content=”display: flex;||align-items: center;” global_colors_info=”{%22gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85%22:%91%22icon_color%22%93}” custom_css_blurb_image_tablet=”margin-bottom: 5px;||width: auto;” custom_css_blurb_image_last_edited=”on|tablet” custom_css_blurb_content_tablet=”display: block;” custom_css_blurb_content_last_edited=”on|tablet” custom_css_blurb_image_phone=”margin-bottom: 5px;||width: auto;” custom_css_blurb_content_phone=”display: block;”]<\/p>\n Shortingut tehakse sageli marginaalkontodel, mis n\u00f5uavad investorilt lisakapitali. See t\u00e4hendab, et investor peab oma investeeringu katmiseks hoiustama oma kontol teatud protsendi vara v\u00e4\u00e4rtusest. Kui vara hind t\u00f5useb, v\u00f5ib investorilt n\u00f5uda lisakapitali sissemakset, mis v\u00f5ib viia marginaalik\u00f5neni, kus investor on sunnitud oma positsiooni likvideerima, isegi kui ta on kahjumis.<\/span><\/p>\n [\/et_pb_blurb][et_pb_blurb title=”Laenukulu” use_icon=”on” font_icon=”s||divi||400″ icon_color=”gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85″ icon_placement=”left” image_icon_width=”20px” content_max_width=”100%” icon_placement_tablet=”top” icon_placement_phone=”top” icon_placement_last_edited=”on|tablet” module_class=”educationcareerdetail_section2_blurb” _builder_version=”4.27.2″ _module_preset=”default” header_font=”Poppins||||||||” header_text_color=”#171717″ header_font_size=”15px” header_line_height=”1.3em” body_font=”|300|||||||” body_text_color=”#000000″ text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” custom_css_blurb_image=”margin-bottom: 0;||width: auto;” custom_css_blurb_title=”padding-bottom: 0;” custom_css_blurb_content=”display: flex;||align-items: center;” global_colors_info=”{%22gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85%22:%91%22icon_color%22%93}” custom_css_blurb_image_tablet=”margin-bottom: 5px;||width: auto;” custom_css_blurb_image_last_edited=”on|tablet” custom_css_blurb_content_tablet=”display: block;” custom_css_blurb_content_last_edited=”on|tablet” custom_css_blurb_image_phone=”margin-bottom: 5px;||width: auto;” custom_css_blurb_content_phone=”display: block;”]<\/p>\n Investorid peavad maksma intressi laenatud vara eest. See lisakulu v\u00e4hendab shortingu potentsiaalset kasumlikkust.<\/span><\/p>\n [\/et_pb_blurb][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”4.19.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Short squeeze\u2019i oht” use_icon=”on” font_icon=”s||divi||400″ icon_color=”gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85″ icon_placement=”left” image_icon_width=”20px” content_max_width=”100%” icon_placement_tablet=”top” icon_placement_phone=”top” icon_placement_last_edited=”on|tablet” module_class=”educationcareerdetail_section2_blurb” _builder_version=”4.27.2″ _module_preset=”default” header_font=”Poppins||||||||” header_text_color=”#171717″ header_font_size=”15px” header_line_height=”1.3em” body_font=”|300|||||||” body_text_color=”#000000″ text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” custom_css_blurb_image=”margin-bottom: 0;||width: auto;” custom_css_blurb_title=”padding-bottom: 0;” custom_css_blurb_content=”display: flex;||align-items: center;” global_colors_info=”{%22gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85%22:%91%22icon_color%22%93}” custom_css_blurb_image_tablet=”margin-bottom: 5px;||width: auto;” custom_css_blurb_image_last_edited=”on|tablet” custom_css_blurb_content_tablet=”display: block;” custom_css_blurb_content_last_edited=”on|tablet” custom_css_blurb_image_phone=”margin-bottom: 5px;||width: auto;” custom_css_blurb_content_phone=”display: block;”]<\/p>\n Short squeeze\u2019i olukord tekib siis, kui suur hulk short sellereid on sunnitud varasid kiiresti tagasi ostma, kuna vara hind t\u00f5useb j\u00e4rsult. See v\u00f5ib juhtuda positiivsete uudiste v\u00f5i ootamatute s\u00fcndmuste tagaj\u00e4rjel, mis toovad kaasa investorite n\u00f5udluse ja hinna j\u00e4rske t\u00f5usu. Short squeeze\u2019i ajal v\u00f5ivad short sellerid kaotada m\u00e4rkimisv\u00e4\u00e4rset raha, kuna nad on sunnitud varasid ostma k\u00f5rgemate hindadega.<\/span><\/p>\n [\/et_pb_blurb][et_pb_blurb title=”Regulaatorsed piirangud” use_icon=”on” font_icon=”s||divi||400″ icon_color=”gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85″ icon_placement=”left” image_icon_width=”20px” content_max_width=”100%” icon_placement_tablet=”top” icon_placement_phone=”top” icon_placement_last_edited=”on|tablet” module_class=”educationcareerdetail_section2_blurb” _builder_version=”4.27.2″ _module_preset=”default” header_font=”Poppins||||||||” header_text_color=”#171717″ header_font_size=”15px” header_line_height=”1.3em” body_font=”|300|||||||” body_text_color=”#000000″ text_orientation_tablet=”center” text_orientation_phone=”center” text_orientation_last_edited=”on|tablet” custom_css_blurb_image=”margin-bottom: 0;||width: auto;” custom_css_blurb_title=”padding-bottom: 0;” custom_css_blurb_content=”display: flex;||align-items: center;” global_colors_info=”{%22gcid-4be89a11-e1d4-4e38-bd60-3e2564590e85%22:%91%22icon_color%22%93}” custom_css_blurb_image_tablet=”margin-bottom: 5px;||width: auto;” custom_css_blurb_image_last_edited=”on|tablet” custom_css_blurb_content_tablet=”display: block;” custom_css_blurb_content_last_edited=”on|tablet” custom_css_blurb_image_phone=”margin-bottom: 5px;||width: auto;” custom_css_blurb_content_phone=”display: block;”]<\/p>\n\n
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