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Disclosure: Interactive Brokers

The analysis in this material is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IBKR to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.

The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Interactive Brokers, its affiliates, or its employees.

Disclosure: 共同基金

共同基金是将投资者的资金集中起来购买一系列证券以实现特定目标的投资，例如增长、收入或两者兼而有之。投资者宜考虑与投资共同基金相关的各种目标、费用和其它风险。请阅读相应的募集说明书。本材料不应被理解为对任何特定基金或基金家族的推荐、招徕或推广。盈透证券可能会因购买和持有共同基金份额而从基金公司获得报酬。该等报酬是从基金的资产中支付的。然而，IBKR不会建议您投资特定的基金，也不会向您推荐特定的基金或任何其它产品。更多信息请访问 https://www.interactivebrokers.com/cn/index.php?f=59487&p=mf

Disclosure: 债券

债券等固定收益产品可能具有特殊或复杂的特征，未必适合所有投资者。在交易前，请阅读相关的募集说明书或销售文件，特别是有关产品的主要性质、特征和风险的信息。

Disclosure: 投资组合分析器

投资组合分析器（PortfolioAnalyst）生成的关于各种投资结果可能性的预测或其它信息本质上是假设性的，并不反映实际投资结果，也不能保证未来结果。请注意，不同时间使用该工具获得的结果可能不同。

Disclosure: 盈透证券

本材料中的分析仅供参考，并非也不应被理解为出售任何证券的要约或购买任何证券的招徕。如果本材料讨论一般市场活动、行业或板块趋势或其它广泛的经济或政治状况，则不应被理解为研究或投资建议。如果它提及了特定的证券、商品、货币或其它产品，该等内容并不构成IBKR购买、出售或持有此类投资的建议。本材料没有也无意考虑个人客户的特定财务状况、投资目标或要求。在根据本材料采取行动之前，您应该考虑它是否适合您的特定情况，并在必要时寻求专业建议。 本材料仅代表作者的观点和意见，并不一定反映盈透证券、其关联公司或其员工的观点。