{"id":516,"date":"2011-03-18T12:22:11","date_gmt":"2011-03-18T10:22:11","guid":{"rendered":"http:\/\/blog.la-boite-a-finances.com\/?p=516"},"modified":"2012-10-22T13:26:15","modified_gmt":"2012-10-22T11:26:15","slug":"1-000-000-de-plus-value","status":"publish","type":"post","link":"https:\/\/la-boite-a-finances.com\/blog\/1-000-000-de-plus-value\/","title":{"rendered":"1 000 000 % de plus-value"},"content":{"rendered":"<p>Non, il n&rsquo;y a pas trop de z\u00e9ros ! Il s&rsquo;agit bien d&rsquo;<strong>un million de %<\/strong> de plus-value.<\/p>\n<p>C&rsquo;est la performance effectu\u00e9e par le <a href=\"http:\/\/us.pioneerinvestments.com\/pers\/overview.jsp?ElementId=\/pers\/repositories\/XML\/factsheets\/piodx.xml\">Pioneer Fund<\/a> depuis sa cr\u00e9ation. Il affiche \u00e0 ce jour le rendement total cumul\u00e9 le plus important de notre histoire moderne, le premier \u00e0 passer ce cap du million de pour cent.<!--more--><\/p>\n<p>Cependant, lorsqu&rsquo;on ram\u00e8ne la performance \u00e0 l&rsquo;\u00e9chelle d&rsquo;une ann\u00e9e, il s&rsquo;agit d&rsquo;une performance tr\u00e8s honorable, mais <strong>pas si exceptionnelle<\/strong>, avec pr\u00e8s de <strong>12 %\/an<\/strong>.<\/p>\n<p>En effet, <strong>cr\u00e9\u00e9 le 13 f\u00e9vrier 1928<\/strong>, ce fonds est le 3\u00e8me plus ancien de l&rsquo;histoire de la gestion collective.<\/p>\n<p>C&rsquo;est la magie des <strong>int\u00e9r\u00eats compos\u00e9s<\/strong> qui op\u00e8re : les int\u00e9r\u00eats produisent des int\u00e9r\u00eats. Par exemple, 100 \u20ac plac\u00e9 \u00e0 12 %\/an deviennent :<\/p>\n<ul>\n<li>au bout d&rsquo;<strong>un an<\/strong> : 100 \u20ac + 12 % de 100 \u20ac = 100 \u20ac + 12 \u20ac = <strong>112 \u20ac<\/strong><\/li>\n<li>au bout de <strong>deux ans<\/strong> : 112 \u20ac + 12 % de 112 \u20ac = 100 \u20ac \u00d7 1,12 ^ 2 = <strong>125,44 \u20ac<\/strong> <em>(et non : 112 \u20ac + 12 % de 100 \u20ac = 100 \u20ac \u00d7 (1+0,12 \u00d7 2) = 124 \u20ac )<\/em><\/li>\n<li>au bout de <strong>trois ans<\/strong> : 125,44 \u20ac + 12 % de 125,44 \u20ac = 100 \u20ac \u00d7 1,12 ^ 3 = <strong>140,49 \u20ac<\/strong> <em>(et non : 112 \u20ac + 12 % de 100 \u20ac + 12 % de 100 \u20ac = <\/em><em>100 \u20ac \u00d7 (1+0,12 \u00d7 3) =<\/em><em>136 \u20ac )<\/em> &#8230;<\/li>\n<li>au bout de <strong>dix ans<\/strong> : 100 \u20ac \u00d7 1,12 ^ 10 = <strong>310 \u20ac<\/strong> <em>(et non : <\/em><em>100 \u20ac \u00d7 (1+0,12 \u00d7 10) =<\/em><em>220 \u20ac)<\/em> &#8230;<\/li>\n<li>au bout de <strong>83 ans<\/strong> : plus de <strong>1 000 000 \u20ac<\/strong> <em>(et non : <\/em><em>100 \u20ac \u00d7 (1+0,12 \u00d7 83) =<\/em><em>1 096 \u20ac )<\/em><\/li>\n<\/ul>\n<p style=\"text-align: center\">&#8211;<\/p>\n<p><span style=\"text-decoration: underline\">Premier enseignement :<\/span> v\u00e9rifiez de quoi il est question quand on vous parle d&rsquo;int\u00e9r\u00eats :<\/p>\n<ul>\n<li>\u00ab\u00a0compos\u00e9s\u00a0\u00bb comme avec les actions<\/li>\n<li>ou \u00ab\u00a0servis\u00a0\u00bb comme dans le cas des coupons d&rsquo;obligations, de la plupart des produits structur\u00e9s, mais aussi des livrets et plans bancaires &#8230;<\/li>\n<\/ul>\n<p style=\"text-align: center\">&#8211;<\/p>\n<p><span style=\"text-decoration: underline\">Deuxi\u00e8me enseignement :<\/span> la <strong>patience<\/strong> est le premier moteur de la <strong>performance<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Non, il n&rsquo;y a pas trop de z\u00e9ros ! Il s&rsquo;agit bien d&rsquo;un million de % de plus-value. C&rsquo;est la<a href=\"https:\/\/la-boite-a-finances.com\/blog\/1-000-000-de-plus-value\/\" class=\"searchmore\"> Lire la suite&#8230;<\/a><\/p>\n<div class=\"clr\"><\/div>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[245,411,242],"class_list":["post-516","post","type-post","status-publish","format-standard","hentry","category-valeurs-mobilieres","tag-interets-composes","tag-libre-circulation-capitaux","tag-pioneer-fund"],"_links":{"self":[{"href":"https:\/\/la-boite-a-finances.com\/blog\/wp-json\/wp\/v2\/posts\/516"}],"collection":[{"href":"https:\/\/la-boite-a-finances.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/la-boite-a-finances.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/la-boite-a-finances.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/la-boite-a-finances.com\/blog\/wp-json\/wp\/v2\/comments?post=516"}],"version-history":[{"count":0,"href":"https:\/\/la-boite-a-finances.com\/blog\/wp-json\/wp\/v2\/posts\/516\/revisions"}],"wp:attachment":[{"href":"https:\/\/la-boite-a-finances.com\/blog\/wp-json\/wp\/v2\/media?parent=516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/la-boite-a-finances.com\/blog\/wp-json\/wp\/v2\/categories?post=516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/la-boite-a-finances.com\/blog\/wp-json\/wp\/v2\/tags?post=516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}