文 | 银行螺丝钉 （转载请注明出处） 同仕止吊伍倡。 到了2025年，也主要是10月底才摸到高 估;11月美股出现了回调,回到了正常 偏高的估值。 有朋友问,美股指数这些年上涨了不 少，为啥估值上没到高估呢? 因为指数=估值*盈利，这两年美股的盈 利增长良好，消化了一些高估。 不同地区股票市场不是同涨同跌的。了解多个股票市场，投资者可以把握更多的投资机会。 全球投资还可以显著降低波动风险。 那么，如何做好全球投资，分享全球市场长期上涨的红利呢？ 这里有一门限时免费的福利课程，介绍了通过指数基金投资全球股市的方法。 想要获取这个课程，可以添加下方「课程小助手」，回复「 全球 」领取哦～ 更有课程笔记、思维导图，帮您快速搞懂课程脉络，学习更高效。 如何利用指数基金 投资 我的时间? 长按添加@课程小助手,回复「全球」 免费领取《全球指数投资指南》课程 更有课程笔记、思维导图 帮你快速搞懂全球指数投资, 分享全球市场长期上涨的红利 and the manage of the may be and the comment 基金有风险,投资需谨慎 urnel #螺丝钉小知识 银行螺丝钉 美股这些年上涨了不少，为啥还 ...

Group 1 - The article emphasizes that different stock markets do not move in unison, and understanding multiple markets can provide investors with more opportunities [2] - Global investment can significantly reduce volatility risk, highlighting the benefits of diversifying across various markets [2] - A free course is offered to educate investors on how to invest in global stock markets through index funds, aiming to share the long-term gains of global markets [2][3] Group 2 - The article discusses the importance of asset allocation, stating that it determines 90% of investment returns, particularly in the context of fund investments [4][5] - It explains the contrasting characteristics of stocks and bonds, where stocks generally offer higher long-term returns but come with greater volatility, while bonds provide lower returns with less risk [5][6] - The article suggests that higher stock allocation in long-term active funds typically results in better returns but also entails higher risk [5][6]