> For the complete documentation index, see [llms.txt](https://financna-pomoc.gitbook.io/financni-kompas/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://financna-pomoc.gitbook.io/financni-kompas/viri/ostalo/donosi-glede-na-interval.md).

# Donosi glede na interval

Najvišje donose bi vsekakor imeli če bi vlagali ob padcih tečajev, vendar slednjih nihče ne ve vnaprej.\
Če pa bi vlagali isto vsoto na začetku leta, bi imeli malenkostno višje donose v primerjavi s tistimi, ki bi vlagali 1/12 vsak mesec ali 1/4 vsako četrtletje. To pa zato, ker so na dolgi rok tečaji na začetku leta običajno nižji kot kasneje v tekočem letu.

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### Primerjava treh scenarijev vlaganja

Predstavljajmo si tri scenarije, po katerih bi vlagali **1200 $ letno od januarja 1972 do decembra 2022 (50 let)** v povprečje vseh ameriških delnic (*Total US Stock Market Index*).

| Scenarij | Opis vlaganja                  | Skupna vsota po 50 letih        |
| -------- | ------------------------------ | ------------------------------- |
| **A1**   | 1200 $ vsakega 1. januarja     | **2,210,941 $ (2.21 milijona)** |
| **B1**   | 300 $ konec vsakega četrtletja | **2,084,265 $**                 |
| **C1**   | 100 $ konec vsakega meseca     | **2,091,881 $**                 |

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### Če depozite zvišujemo v skladu z inflacijo

Če bi depozite višali v skladu z inflacijo ([US Inflation Calculator](https://www.usinflationcalculator.com/)) — torej bi leta 1972 vložili **1200 $**, leta 2022 pa **8400 $**, bi bili rezultati sledeči:

| Scenarij | Opis                                    | Skupna vsota po 50 letih        |
| -------- | --------------------------------------- | ------------------------------- |
| **A2**   | Letni vložek prilagojen inflaciji       | **4,174,363 $ (4.17 milijona)** |
| **B2**   | Četrtletni vložki prilagojeni inflaciji | **4,051,933 $**                 |
| **C2**   | Mesečni vložki prilagojeni inflaciji    | **4,054,937 $**                 |

***

### Podrobni izračuni 

<table><thead><tr><th data-type="number"></th><th>A</th><th>B</th><th>C</th></tr></thead><tbody><tr><td>1</td><td><a href="https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&#x26;mode=1&#x26;timePeriod=4&#x26;startYear=1972&#x26;firstMonth=1&#x26;endYear=2023&#x26;lastMonth=12&#x26;calendarAligned=true&#x26;includeYTD=false&#x26;initialAmount=1&#x26;annualOperation=1&#x26;annualAdjustment=100&#x26;inflationAdjusted=false&#x26;annualPercentage=0.0&#x26;frequency=2&#x26;rebalanceType=1&#x26;absoluteDeviation=5.0&#x26;relativeDeviation=25.0&#x26;leverageType=0&#x26;leverageRatio=0.0&#x26;debtAmount=0&#x26;debtInterest=0.0&#x26;maintenanceMargin=25.0&#x26;leveragedBenchmark=false&#x26;portfolioNames=false&#x26;portfolioName1=Portfolio+1&#x26;portfolioName2=Portfolio+2&#x26;portfolioName3=Portfolio+3&#x26;asset1=TotalStockMarket&#x26;allocation1_1=100">Portfolio Visualizer povezava A1</a></td><td><a href="https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&#x26;mode=1&#x26;timePeriod=4&#x26;startYear=1972&#x26;firstMonth=1&#x26;endYear=2023&#x26;lastMonth=12&#x26;calendarAligned=true&#x26;includeYTD=false&#x26;initialAmount=1&#x26;annualOperation=1&#x26;annualAdjustment=300&#x26;inflationAdjusted=false&#x26;annualPercentage=0.0&#x26;frequency=3&#x26;rebalanceType=1&#x26;absoluteDeviation=5.0&#x26;relativeDeviation=25.0&#x26;leverageType=0&#x26;leverageRatio=0.0&#x26;debtAmount=0&#x26;debtInterest=0.0&#x26;maintenanceMargin=25.0&#x26;leveragedBenchmark=false&#x26;portfolioNames=false&#x26;portfolioName1=Portfolio+1&#x26;portfolioName2=Portfolio+2&#x26;portfolioName3=Portfolio+3&#x26;asset1=TotalStockMarket&#x26;allocation1_1=100">Portfolio Visualizer povezava B1</a></td><td><a href="https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&#x26;mode=1&#x26;timePeriod=4&#x26;startYear=1972&#x26;firstMonth=1&#x26;endYear=2023&#x26;lastMonth=12&#x26;calendarAligned=true&#x26;includeYTD=false&#x26;initialAmount=1200&#x26;annualOperation=1&#x26;annualAdjustment=1200&#x26;inflationAdjusted=false&#x26;annualPercentage=0.0&#x26;frequency=4&#x26;rebalanceType=1&#x26;absoluteDeviation=5.0&#x26;relativeDeviation=25.0&#x26;leverageType=0&#x26;leverageRatio=0.0&#x26;debtAmount=0&#x26;debtInterest=0.0&#x26;maintenanceMargin=25.0&#x26;leveragedBenchmark=false&#x26;portfolioNames=false&#x26;portfolioName1=Portfolio+1&#x26;portfolioName2=Portfolio+2&#x26;portfolioName3=Portfolio+3&#x26;asset1=TotalStockMarket&#x26;allocation1_1=100">Portfolio Visualizer povezava C1</a> </td></tr><tr><td>2</td><td><a href="https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&#x26;mode=1&#x26;timePeriod=4&#x26;startYear=1972&#x26;firstMonth=1&#x26;endYear=2023&#x26;lastMonth=12&#x26;calendarAligned=true&#x26;includeYTD=false&#x26;initialAmount=1&#x26;annualOperation=1&#x26;annualAdjustment=100&#x26;inflationAdjusted=true&#x26;annualPercentage=0.0&#x26;frequency=2&#x26;rebalanceType=1&#x26;absoluteDeviation=5.0&#x26;relativeDeviation=25.0&#x26;leverageType=0&#x26;leverageRatio=0.0&#x26;debtAmount=0&#x26;debtInterest=0.0&#x26;maintenanceMargin=25.0&#x26;leveragedBenchmark=false&#x26;portfolioNames=false&#x26;portfolioName1=Portfolio+1&#x26;portfolioName2=Portfolio+2&#x26;portfolioName3=Portfolio+3&#x26;asset1=TotalStockMarket&#x26;allocation1_1=100">Portfolio Visualizer povezava A2</a></td><td><a href="https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&#x26;mode=1&#x26;timePeriod=4&#x26;startYear=1972&#x26;firstMonth=1&#x26;endYear=2023&#x26;lastMonth=12&#x26;calendarAligned=true&#x26;includeYTD=false&#x26;initialAmount=1&#x26;annualOperation=1&#x26;annualAdjustment=300&#x26;inflationAdjusted=true&#x26;annualPercentage=0.0&#x26;frequency=3&#x26;rebalanceType=1&#x26;absoluteDeviation=5.0&#x26;relativeDeviation=25.0&#x26;leverageType=0&#x26;leverageRatio=0.0&#x26;debtAmount=0&#x26;debtInterest=0.0&#x26;maintenanceMargin=25.0&#x26;leveragedBenchmark=false&#x26;portfolioNames=false&#x26;portfolioName1=Portfolio+1&#x26;portfolioName2=Portfolio+2&#x26;portfolioName3=Portfolio+3&#x26;asset1=TotalStockMarket&#x26;allocation1_1=100">Portfolio Visualizer povezava B2</a></td><td><a href="https://www.portfoliovisualizer.com/backtest-asset-class-allocation?s=y&#x26;mode=1&#x26;timePeriod=4&#x26;startYear=1972&#x26;firstMonth=1&#x26;endYear=2023&#x26;lastMonth=12&#x26;calendarAligned=true&#x26;includeYTD=false&#x26;initialAmount=1200&#x26;annualOperation=1&#x26;annualAdjustment=1200&#x26;inflationAdjusted=true&#x26;annualPercentage=0.0&#x26;frequency=4&#x26;rebalanceType=1&#x26;absoluteDeviation=5.0&#x26;relativeDeviation=25.0&#x26;leverageType=0&#x26;leverageRatio=0.0&#x26;debtAmount=0&#x26;debtInterest=0.0&#x26;maintenanceMargin=25.0&#x26;leveragedBenchmark=false&#x26;portfolioNames=false&#x26;portfolioName1=Portfolio+1&#x26;portfolioName2=Portfolio+2&#x26;portfolioName3=Portfolio+3&#x26;asset1=TotalStockMarket&#x26;allocation1_1=100">Portfolio Visualizer povezava C2</a></td></tr></tbody></table>

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