
trimurti adhyayan

vitt, nivesh salah aur sevaanivritti yojana mein, trimurti adhyayan ack anaupchaarik naam haye jiska upayog trimurti vishvavidyalaya mein vitt key teen professors dwara 1998 key ack prabhaavshaali pepper koo sandarbhit karane key liye kiya jaataa haye. yeh adhyayanon kii ack shreni haye joe sevaanivritti portfolio seey "surakshit nikasi darr" nirdhaarit karane kaa prayaas karati haye jisamen stock hotey hain aur iss prakaar samay key saath aniyamit roop seey badhate (yaa sikudate) hain.
mool adhyayan mein safalata kaa nirnay mukhya roop seey iss baat seey kiya gayaa thaa kii kyaa portfolio vaanchhit bhugtan avadhi key liye chalaa, arthaat.ee.niveshak key paas paise khatm naheen hue
unake sevaanivritt honey seey pahale key varshon key dauran, poonji sanrakshan ack praathamik lakshya naheen thaa, lekin una niveshakon key liye portfolio key "antim moolya" parr vichaar kiya gayaa thaa joe vaseeyat chhodana chaahte hain.
adhyayan aur nishkarsh.
"4 pratishat niyam" lekhakon dwara jaanche gaye paridrishyon mein seey ack koo sandarbhit kartaa haye. sandarbh ack sevaanivritti portfolio seey vaarshik nikasi kaa ack haye jisamen stock aur bonned kaa mishran hotaa haye. 4 pratishat pahale varsh key dauran vaapas liye gaye portfolio key hisse koo sandarbhit kartaa haye; yeh maanaa jaataa haye kii baad key varshon mein vaapas liye gaye hisse mein upabhokta moolya soochkaank (see. pee. aaee.) key saath vriddhi hogi taaki jeevan yapan kii laagat key saath talmel rakhaa jaa sakey. nikasi portfolio dwara arjit aaya seey adhik hoe sakati haye, aur portfolio kaa kull moolya usa avadhi key dauran achchi tarah seey sikud sakata haye jaba share bajar kharaab pradarshan kartaa haye. yeh maanaa jaataa haye kii portfolio koo tees saal taka chalane kii aavashyakta haye. yadi portfolio tees varshon seey cumm samay mein samaapt hoe jaataa haye aur avadhi key anta mein binaa kharch kii gaee parisampattiyon key honey parr safal hoe jaataa haye tou nikasi vyavastha whiffle maani jaati haye.
lekhakon ney 1925 seey 1995 kii avadhi koo cover karate hue ebotson sahyogiyon dwara sankalit bajar detta key khilaf kaee stock/bonned mishran aur nikasi daron kaa samarthan kiya. unhone 15 seey 30 varshon kii bhugtan avadhi kii jaanch kii, aur una nikasi kii jaanch kii joe mudrasfeeti key star parr bunny rahee yaa badhee. star key bhugtan key liye, unhone kahaa kii "yadi itihas bhavishya key liye koee maargdarshak haye, tou 3 pratishat aur 4 pratishat kii nikasi darr talika 1 mein dikhaae gaye kissy bhee bhugtan avadhi key dauran stock aur bonned key kissy bhee portfolio koo samaapt karane kii atyadhik sambhavana naheen haye. una mamalon mein, portfolio kii safalata sunishchit honey key karib prateet hoti haye."mudrasfeeti key saath talmel rakhane key liye bhugtan mein vriddhi key liye, unhone kahaa kii" 3 pratishat seey 4 pratishat kii nikasi darr stock-pradhaan portfolio key liye uchch portfolio safalata darr kaa utpaadan jaari rakhti haye."
lekhak iss yogyata koo banaate hainh
surakshit nikasi daron parr parisampatti mulyankan key prabhaavon kaa adhyayan karane aur lambi sevaanivritti key liye 4 pratishat niyam aur trimurti adhyayan koo adyatan karane key prayaas kiye gaye hain. 
anya adhyayan, prabhaav aur aalochanaaen.
anya lekhakon ney backetested aur simulated bajar detta, aur anya nikasi pranaliyon aur ranneetiyon kaa upayog karke isi tarah key adhyayan kiye hain.
trimurti adhyayan aur iss tarah key anya logon kii teekhi aalochana kii gaee haye, ee.jee.scott aur anya dwara. (2008), unake aankadon yaa nishkarshon parr naheen, balki ack tarkaheen aur aarthik roop seey aksham nikasi ranneeti key roop mein way kyaa dekhate hainh "yeh niyam aur isake roop ack jokhim bharee, asthir nivesh ranneeti kaa upayog karke ack nirantar, gair-asthir kharch yojana kaa vittaposhan karate hain. natijatan, jaba bajar behtar pradarshan karate hain tou sevaanivritt loga binaa kharch kiye adhishesh jamaa karate hain aur jaba bajar cumm pradarshan karate hain tou kharch mein kamee kaa saamana karna padata haye."
sevaanivritti yojana key upbhog sucharu siddhant key samarthak laurence kotlikoff ney kahaa kii iska arthshastra seey koee sambandh naheen haye... aarthik siddhant kahata haye kii aapako apane kharch koo apane paas maujood parisampattiyon key portfolio key aadhar parr samaayojit karane kii aavashyakta haye. yadi aap aakramak roop seey nivesh karate hain, tou aapako rakshaatmak roop seey kharch karane kii aavashyakta haye. dhyaan dein kii 4 pratishat niyam kaa anya niyam seey koee sambandh naheen haye-aapaki poorv-sevaanivritti aaya key 85 pratishat koo lakshit karna. sub kuchh neele rung seey banaa haye."
mool trimurti adhyayan 1995 key madhyam seey detta parr adharit thaa. 2009 key madhyam seey detta kaa upayog karke unake parinamon kaa ack adyatan pee. aff. aeye. yuu. (2010) mein pradaan kiya gayaa haye. isake turant baad, trimurti adhyayan key mool lekhakon ney 2009 key madhyam seey detta kaa upayog karate hue ack adyatan adhyayan prakaashit kiya.
inn adhyayanon mein sevaanivritti portfolio seey surakshit nikasi darr nirdhaarit karane kii prakriya kewal nivesh parr arjit bhavishya key return seey utpann anishchitata parr vichaar karati haye. ack anya pramukh anishchitata kharch kii raashi haye joe pratyek avadhi mein jeevan star pradaan karane key liye aavashyak hogi. udaaharan key liye, ack aapaatkaaleen sthiti kii pratyek avadhi mein ack chhoti see sambhavana hoti haye jisake liye ack badee atirikt nikasi kii aavashyakta hogi joe ack vittiya bhalu bajar seey nuksan key aakar mein tulaniya hoe sakati haye. ack udaaharan haye ack ghar kii badee marammat joe paani kii ghuspaith yaa bhookamp key kaaran beema dwara cover naheen kii gaee haye. anishchit nivesh laabh key alawa aisee sambhaavit aapaat sthitiyon key prabhaavon koo paaee (2010) mein maanaa jaataa haye. aisee sthitiyon mein jahaan 4 pratishat nikasi anyatha uchit roop seey tikaau hoe sakati haye, pratyek varsh apatkal kii sambhaavanaon key baare mein uchit dhaaranaaen aur isaki laagat nikasi koo 4 seey lagbhag 3 pratishat taka cumm curr detee haye.
yeh baad vaalaa vishleshan pratyek avadhi mein nikasi key moolya koo nirdhaarit karane key liye chhantai niyam kaa upayog karke bhee alag hotaa haye. iss niyam kii charcha paaee (2010) aur paaee (2012) mein bhee kii gaee haye. jaba chhantai niyam kaa upayog kiya jaataa haye tou pratyek avadhi mein purvanirdhaarit nikasi mudrasfeeti key liye samaayojit kii jaati haye jaisa kii pahale key adhyayanon mein kiya gayaa thaa. haalaanki, kuchh shartein hain jaba yeh default nikasi lagu naheen hoti haye. vishesh roop seey, praarambhik nikasi sevaanivritt vyakti key jeevan star seey sambandhit haye, naa kii kewal nikasi joe uchit roop seey tikaau haye. saath hii, ack avadhi key liye nikasi cumm hoe jaati haye jaba ack pareekshan ingit kartaa haye kii iss tarah kii chhantai aavashyak haye. yeh taba hotaa haye jaba kissy yojana key anta seey pahale dhana samaapt honey kaa jokhim taba kii vartamaan nikasi key aakar aur shesh dhana koo dekhate hue bahut adhik hoe jaataa haye.