{"id":305584,"date":"2021-12-21T16:06:30","date_gmt":"2021-12-21T14:06:30","guid":{"rendered":"https:\/\/www.etoro.com\/investing\/money-market-vs-capital-market\/"},"modified":"2024-08-02T10:45:33","modified_gmt":"2024-08-02T07:45:33","slug":"money-market-vs-capital-market","status":"publish","type":"page","link":"https:\/\/www.etoro.com\/ro\/investing\/money-market-vs-capital-market\/","title":{"rendered":"Pie\u021bele monetare vs pie\u021bele de capital"},"content":{"rendered":"\n<p class=\"is-style-summary\">Pie\u021bele monetare \u0219i pie\u021bele de capital \u00eendeplinesc scopuri diferite \u00een sistemul financiar, chiar dac\u0103 au func\u021bii similare. Afl\u0103 ce sunt, ce caracteristici au, cum le po\u021bi folosi, precum \u0219i prin ce se deosebesc cele dou\u0103. \u00cen acest fel, vei putea lua decizii informate, care s\u0103 corespund\u0103 cu obiectivele tale de investi\u021bii \u0219i profilul de risc pe care \u00eel ai.<\/p>\n\n\n\n<hr class=\"wp-block-separator wp-block-separator-color-dark-grey wp-block-separator-spaces-medium wp-block-separator-weight-1\"\/>\n\n\n\n<p>Pie\u021bele financiare sunt platforme care faciliteaz\u0103 interac\u021biunea dintre cei care au nevoie de <strong>capital<\/strong> <strong>cu cei care au capital de investit. <\/strong>Astfel,<strong> <\/strong>cump\u0103r\u0103torii \u0219i v\u00e2nz\u0103torii se conecteaz\u0103 pentru a tranzac\u021biona diverse <strong>instrumente<\/strong> financiare.&nbsp;<\/p>\n\n\n\n<p>Pia\u021ba monetar\u0103 \u0219i pia\u021ba de capital sunt dou\u0103 categorii comune \u00een care pot fi \u00eemp\u0103r\u021bite pie\u021bele financiare. Pentru a le putea utiliza \u00een mod eficient, investitorii trebuie s\u0103 \u00een\u021beleag\u0103 at\u00e2t <strong>caracteristicile prin care se eviden\u021biaz\u0103, c\u00e2t \u0219i elementele prin care se diferen\u021biaz\u0103<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Ce este pia\u021ba monetar\u0103?<\/h2>\n\n\n\n<p>Pia\u021ba monetar\u0103 este un segment al pie\u021bei financiare, care <strong>faciliteaz\u0103 \u00eemprumuturi \u0219i <\/strong><strong>investi\u021bii <\/strong><strong>pe termen scurt<\/strong>. Aceasta ofer\u0103 institu\u021biilor \u0219i persoanelor fizice o platform\u0103 pentru a-\u0219i gestiona nevoile de numerar \u0219i a ob\u021bine randamente cu riscuri minime, prin intermediul instrumentelor cu maturitate de maxim un an.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Ce este datoria pe termen scurt?<\/h3>\n\n\n\n<p>Datoria pe termen scurt se refer\u0103 la \u00eemprumuturile sau obliga\u021biile financiare ale unei entit\u0103\u021bi, care <strong>trebuie achitate \u00eentr-o perioad\u0103 de timp relativ scurt\u0103, ce nu dep\u0103\u0219e\u0219te un an<\/strong>. Printre acestea se num\u0103r\u0103:<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list-circle\">\n<li><strong>Fondurile pie\u021bei monetare<\/strong><strong> <\/strong><\/li>\n\n\n\n<li><strong>Certificatele de depozit (CD)<\/strong><strong> <\/strong><\/li>\n\n\n\n<li><strong>Acordurile de r\u0103scump\u0103rare (repo) <\/strong><\/li>\n\n\n\n<li><strong>Titlurile de stat <\/strong><\/li>\n\n\n\n<li><strong>Crean\u021bele comerciale <\/strong><\/li>\n\n\n\n<li><strong>Swap-urile valutare <\/strong><\/li>\n\n\n\n<li><strong>\u00cemprumuturi \u0219i finan\u021b\u0103ri bancare \u0219i ale b\u0103ncilor centrale pe termen scurt<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"756\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/What-are-money-and-capital-markets_-Body-Image-1-3.png\" alt=\"\" class=\"wp-image-652622 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/What-are-money-and-capital-markets_-Body-Image-1-3.png 756w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/What-are-money-and-capital-markets_-Body-Image-1-3-300x159.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Cine folose\u0219te pia\u021ba monetar\u0103?<\/h2>\n\n\n\n<p>Pia\u021ba monetar\u0103 este utilizat\u0103 de <strong>entit\u0103\u021bi mari precum institu\u021bii financiare, corpora\u021bii \u0219i institu\u021bii guvernamentale<\/strong>. Acestea folosesc pia\u021ba monetar\u0103 pentru a-\u0219i gestiona lichiditatea, a ob\u021bine finan\u021bare pe termen scurt \u0219i a investi surplusurile de numerar \u00een instrumente cu risc redus.<\/p>\n\n\n\n<div class=\"wp-block-etoro-tip wp-block-etoro-tip-border-yellow\"><span class=\"wp-block-etoro-tip-icon\"><\/span><div class=\"wp-block-etoro-tip-text\">\n<p><strong>Sfat: <\/strong>Tranzac\u021biile de pe pia\u021ba monetar\u0103, cum ar fi cump\u0103rarea \u0219i v\u00e2nzarea de instrumente financiare cu scaden\u021b\u0103 pe termen scurt, pot fi utilizate pentru a \u00eendeplini nevoile imediate de fluxuri de numerar \u0219i pentru a genera profit.<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Cum pot folosi investitorii pia\u021ba monetar\u0103?<\/h2>\n\n\n\n<p>Investitorii pot utiliza pia\u021ba monetar\u0103 \u00een mai multe moduri, \u00een ciuda faptului c\u0103 aceasta este <strong>adesea neglijat\u0103 din cauza randamentelor sc\u0103zute<\/strong> pe care le ofer\u0103 comparativ cu alte op\u021biuni de investi\u021bii. Cei care doresc s\u0103 participe, o pot face prin plasarea de capital \u00een instrumente specifice, cum ar fi:<\/p>\n\n\n\n<ul class=\"wp-block-list wp-block-list-circle\">\n<li>Fonduri de pe pia\u021ba monetar\u0103<\/li>\n\n\n\n<li>Fonduri mutuale<\/li>\n\n\n\n<li>Obliga\u021biuni municipale<\/li>\n\n\n\n<li>Obliga\u021biuni<\/li>\n\n\n\n<li>Certificate de depozit<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote wp-block-quote-scheme-green is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cCel mai bun mod de a-\u021bi m\u0103sura succesul \u00een investi\u021bii nu este faptul c\u0103 \u00eenvingi pia\u021ba, ci c\u0103 ai pus \u00een aplicare un plan financiar \u0219i o disciplin\u0103 comportamental\u0103, care probabil te vor duce acolo unde dore\u0219ti.\u201d <\/p>\n<cite> <a href=\"https:\/\/www.davisetfs.com\/investor_education\/quotes\" target=\"_blank\" rel=\"noreferrer noopener\">Benjamin Graham<\/a><\/cite><\/blockquote>\n\n\n\n<p>Investi\u021biile pe pia\u021ba monetar\u0103 ofer\u0103 <strong>stabilitate, lichiditate \u0219i risc relativ sc\u0103zut<\/strong>. Instrumentele pe care se bazeaz\u0103 sunt sus\u021binute de guvern sau de entit\u0103\u021bi corporative de \u00eenalt\u0103 calitate, lucru care ofer\u0103 investitorilor un anumit nivel de siguran\u021b\u0103.<\/p>\n\n\n\n<p>Mai mult dec\u00e2t at\u00e2t, <strong>monitorizarea activ\u0103 a pie\u021bei monetare \u0219i a instrumentelor acesteia poate oferi informa\u021bii asupra economiei, per ansamblu<\/strong>. \u00cen acest fel, poate fi semnalat chiar \u00eenceputul unei recesiuni economice, av\u00e2nd \u00een vedere c\u0103 schimb\u0103rile ratelor de dob\u00e2nd\u0103 \u0219i a condi\u021biilor de lichiditate pot reflecta tendin\u021bele economice generale.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"756\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/What-are-money-and-capital-markets_-Body-Image-2-3.png\" alt=\"\" class=\"wp-image-652643 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/What-are-money-and-capital-markets_-Body-Image-2-3.png 756w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/What-are-money-and-capital-markets_-Body-Image-2-3-300x159.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Ce este pia\u021ba de capital?<\/h2>\n\n\n\n<p>Pia\u021ba de capital se refer\u0103 la un segment al pie\u021bei financiare care faciliteaz\u0103 <strong>tranzac\u021bionarea de <\/strong><strong>valori mobiliare<\/strong> <strong>pe termen lung<\/strong>. Rolul principal al acestora este de a aduce \u00eempreun\u0103 cump\u0103r\u0103torii \u0219i v\u00e2nz\u0103torii de investi\u021bii, pentru a facilita lichiditatea.<\/p>\n\n\n\n<p><mark>Cele mai cunoscute pie\u021be de capital sunt pia\u021ba de valori, pia\u021ba de obliga\u021biuni \u0219i <a href=\"https:\/\/www.etoro.com\/ro\/investing\/market-and-economic-cycles\/\">pie\u021bele<\/a> valutare (forex). Acestea permit tranzac\u021bionarea de instrumente financiare, precum <a href=\"https:\/\/www.etoro.com\/ro\/discover\/markets\/stocks\"><strong>ac\u021biuni<\/strong><\/a><strong>, obliga\u021biuni, <\/strong><a href=\"https:\/\/www.etoro.com\/ro\/discover\/markets\/currencies\"><strong>valut\u0103<\/strong><\/a><strong>, instrumente de datorie, <\/strong><a href=\"https:\/\/www.etoro.com\/ro\/discover\/markets\/etf\"><strong>ETF<\/strong><\/a><strong>-uri, <\/strong><a href=\"https:\/\/www.etoro.com\/ro\/discover\/markets\/cryptocurrencies\"><strong>criptoactive<\/strong><\/a>.<\/mark> <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Ce este datoria pe termen lung?<\/h3>\n\n\n\n<p>Datoria pe termen lung se refer\u0103 la <strong>fondurile \u00eemprumutate, care au o perioad\u0103 de scaden\u021b\u0103 mai mare de un an<\/strong>. Este o form\u0103 de finan\u021bare, utilizat\u0103 de companii, guverne \u0219i alte entit\u0103\u021bi, pentru a str\u00e2nge capital pentru proiecte de investi\u021bii pe termen lung, planuri de extindere sau nevoi opera\u021bionale.&nbsp;<\/p>\n\n\n\n<p><strong>Investitorii care furnizeaz\u0103 fonduri pe termen lung acestor entit\u0103\u021bi se a\u0219teapt\u0103 s\u0103 primeasc\u0103 <\/strong><strong>dob\u00e2nd\u0103<\/strong> <strong>pe durata \u00eemprumutului<\/strong> \u0219i, \u00een cele din urm\u0103, s\u0103 li se restituie suma principal\u0103.<\/p>\n\n\n\n<div class=\"wp-block-etoro-emphasis wp-block-etoro-emphasis-border-green\">\n<p>Pie\u021bele financiare sunt platforme care faciliteaz\u0103 interac\u021biunea dintre cei care au nevoie de capital cu cei care au capital de investit.<\/p>\n<\/div>\n\n\n\n<p>Companiile pot utiliza datoria pe termen lung pentru a <strong>finan\u021ba ini\u021biative de cre\u0219tere, pentru a achizi\u021biona active sau pentru a gestiona fluxul de numerar<\/strong>. Retailerii, \u00een special, pot utiliza datoria pe termen lung pentru a finan\u021ba opera\u021biunile comerciale, cum ar fi deschiderea de noi magazine, sper\u00e2nd c\u0103 acest lucru va aduce un plus de venit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Cine folose\u0219te pia\u021ba de capital?<\/h2>\n\n\n\n<p><strong>At\u00e2t investitorii de tip persoane fizice, c\u00e2t \u0219i corpora\u021biile, utilizeaz\u0103 pia\u021ba de capital<\/strong>, dar au obiective diferite \u00een cadrul acestui ecosistem. Investitorii particip\u0103 pentru a ob\u021bine c\u00e2\u0219tiguri din fondurile pe care le plaseaz\u0103 \u00een diverse instrumente, sper\u00e2nd c\u0103 acestea se vor aprecia, c\u0103 vor primi <a href=\"https:\/\/www.etoro.com\/ro\/investing\/what-are-dividends\/\">dividende<\/a> sau c\u0103 vor \u00eencasa dob\u00e2nzi.<\/p>\n\n\n\n<p>Pe de alt\u0103 parte, <strong>corpora\u021biile acceseaz\u0103 pia\u021ba de capital pentru a ob\u021bine finan\u021bare pentru opera\u021biunile lor<\/strong>, extinderea activit\u0103\u021bii sau alte ini\u021biative strategice, emi\u021b\u00e2nd ac\u021biuni sau obliga\u021biuni pentru a atrage investitori \u0219i a str\u00e2nge capital pentru proiecte \u0219i activit\u0103\u021bi de dezvoltare.<\/p>\n\n\n\n<div class=\"wp-block-etoro-tip wp-block-etoro-tip-border-yellow\"><span class=\"wp-block-etoro-tip-icon\"><\/span><div class=\"wp-block-etoro-tip-text\">\n<p><strong>Sfat: <\/strong>Utilizarea unui <a href=\"https:\/\/www.etoro.com\/ro\/trading\/demo-account\/\">cont demo<\/a> este o modalitate bun\u0103 de a practica tranzac\u021bionarea claselor de active pe care nu le-ai tranzac\u021bionat \u00eenainte.<\/p>\n<\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Cum pot folosi investitorii pia\u021ba de capital?<\/h2>\n\n\n\n<p>Pe pie\u021bele de capital sunt multe active disponibile, astfel c\u0103 investitorii au o gam\u0103 variat\u0103 de op\u021biuni din care s\u0103 aleag\u0103. Tehnologia modern\u0103 le permite ca, prin folosirea dispozitivelor desktop, sau portabile, s\u0103 <strong>tranzac\u021bioneze simplu \u0219i comod pe platformele de brokeraj online<\/strong>, prin <a href=\"https:\/\/www.etoro.com\/ro\/customer-service\/how-to-open-etoro-account\/\">deschiderea unui cont<\/a> la un broker online.<\/p>\n\n\n\n<p>Chiar dac\u0103 pot oferi oportunit\u0103\u021bi pentru ob\u021binerea unui flux de venituri, investi\u021biile pe pia\u021ba de capital, <strong>implic\u0103 un anumit nivel de risc \u0219i nu garanteaz\u0103 ob\u021binerea unui c\u00e2\u0219tig<\/strong>. Este important ca investitorii s\u0103 \u00ee\u0219i analizeze cu aten\u021bie obiectivele de investi\u021bii, orizontul de timp, apetitul pentru risc \u0219i raportul risc\/randament \u00eenainte de a investi.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"756\" height=\"400\" src=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/What-are-money-and-capital-markets_-Body-Image-3-3.png\" alt=\"\" class=\"wp-image-652664 wp-image-desktop\" srcset=\"https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/What-are-money-and-capital-markets_-Body-Image-3-3.png 756w, https:\/\/www.etoro.com\/wp-content\/uploads\/2023\/07\/What-are-money-and-capital-markets_-Body-Image-3-3-300x159.png 300w\" sizes=\"(max-width: 756px) 100vw, 756px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Pia\u021ba monetar\u0103 vs pia\u021ba de capital<\/h2>\n\n\n\n<p>At\u00e2t pia\u021ba monetar\u0103, c\u00e2t \u0219i pia\u021ba de capital au <strong>un obiectiv comun, \u0219i anume de a facilita str\u00e2ngerea de fonduri<\/strong>. Cu toate acestea, \u00een cadrul sistemului financiar, ele func\u021bioneaz\u0103 \u00een moduri diferite \u0219i exist\u0103 diferen\u021be semnificative \u00eentre ele. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"wp-block-table-content\"><div class=\"wp-block-table-content-nav wp-block-table-content-nav-left\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-left\"><\/div><\/div><div class=\"wp-block-table-content-nav wp-block-table-content-nav-right\"><div class=\"wp-block-table-content-nav-arrow wp-block-table-content-nav-arrow-right\"><\/div><\/div><div class=\"wp-block-table-content-table\"><table><thead><tr><th><\/th><th><strong>Pia\u021ba monetar\u0103<\/strong><\/th><th><strong>Pia\u021ba de capital<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Obiectiv<\/strong><\/td><td>Faciliteaz\u0103 <strong>\u00eemprumuturile \u0219i investi\u021biile pe termen scurt<\/strong><\/td><td>Faciliteaz\u0103 <strong>tranzac\u021bionarea de valori mobiliare pe termen lung<\/strong><\/td><\/tr><tr><td><strong>Durata investi\u021biei<\/strong><\/td><td>Investi\u021bii pe <strong>termen scurt <\/strong>(p\u00e2n\u0103 la un an)<\/td><td>Investi\u021bii pe <strong>termen lung<\/strong> (mai mari de un an)<\/td><\/tr><tr><td><strong>Lichiditate<\/strong><\/td><td><strong>Nivel ridicat <\/strong>de lichiditate<\/td><td>Nivel de lichiditate <strong>relativ sc\u0103zut<\/strong><\/td><\/tr><tr><td><strong>Instrumente<\/strong><\/td><td><strong>Titluri de stat<\/strong>, crean\u021be comerciale, certificate de depozit, fonduri de obliga\u021biuni municipale<\/td><td><strong>Ac\u021biuni<\/strong>, obliga\u021biuni, fonduri mutuale, IPO-uri, instrumente derivate, criptoactive, ETF-uri<\/td><\/tr><tr><td><strong>Participan\u021bi<\/strong><\/td><td>Printre participan\u021bi se num\u0103r\u0103 <strong>guverne, b\u0103nci comerciale, b\u0103nci de investi\u021bii, fonduri speculative, pia\u021ba \u201erepo\u201d \u0219i b\u0103nci centrale<\/strong><\/td><td>Printre participan\u021bi se num\u0103r\u0103 <strong>guverne, brokeri, b\u0103nci de investi\u021bii, b\u0103nci comerciale, fonduri mutuale, fonduri speculative, investitori institu\u021bionali \u0219i individuali<\/strong><\/td><\/tr><tr><td><strong>Risc<\/strong><\/td><td>Nivel de risc <strong>\u00een general sc\u0103zut<\/strong><\/td><td>Niveluri de risc <strong>variate<\/strong>, \u00een func\u021bie de investi\u021bie<\/td><\/tr><tr><td><strong>Randament<\/strong><\/td><td>Randamente <strong>relativ sc\u0103zute&nbsp;<\/strong><\/td><td>Poten\u021bial de rentabilitate <strong>mai mare<\/strong><\/td><\/tr><\/tbody><\/table><\/div><\/div><\/figure>\n\n\n\n<p><strong>Pia\u021ba de capital se ocup\u0103, \u00een primul r\u00e2nd, de investi\u021bii \u0219i finan\u021bare pe termen lung<\/strong>, permi\u021b\u00e2nd \u00eentreprinderilor s\u0103 str\u00e2ng\u0103 capital prin emiterea de ac\u021biuni \u0219i obliga\u021biuni. Aceasta ofer\u0103 un nivel de lichiditate relativ mai mic, \u0219i oportunit\u0103\u021bi de investi\u021bii pe termen lung.<\/p>\n\n\n\n<p>Pe de alt\u0103 parte, <strong>pia\u021ba monetar\u0103 se concentreaz\u0103 pe \u00eemprumuturi pe termen scurt<\/strong>, oferind lichiditate pentru nevoile de finan\u021bare pe termen scurt. \u00cen general, este mai u\u0219or de accesat, cu instrumente precum titluri de stat, crean\u021be comerciale \u0219i certificate de depozit.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Concluzie<\/h2>\n\n\n\n<p>Pia\u021ba monetar\u0103 \u0219i pia\u021ba de capital <strong>satisfac nevoi diferite, factorii distinctivi fiind timpul \u0219i randamentele<\/strong>. Investitorii prefer\u0103 adesea pia\u021ba de capital pentru poten\u021bialele c\u00e2\u0219tiguri. Pe de alt\u0103 parte, pia\u021ba monetar\u0103 are beneficiile sale, oferind investitorilor, care doresc s\u0103-\u0219i conserve capitalul, investi\u021bii cu risc mai sc\u0103zut \u0219i lichiditate mai mare.<\/p>\n\n\n\n<p>Intr\u0103 pe <a href=\"https:\/\/www.etoro.com\/ro\/academy\/\">Academia eToro<\/a> pentru a afla mai multe despre pia\u021ba monetar\u0103 \u0219i pia\u021ba de capital.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u00centreb\u0103ri frecvente<\/h2>\n\n\n\n<dl class=\"wp-block-etoro-faq\">\n<div class=\"wp-block-etoro-faq-item\"><dt class=\"wp-block-etoro-faq-item-question\">De ce variaz\u0103 dob\u00e2nzile de pe pia\u021ba monetar\u0103?<\/dt><dd class=\"wp-block-etoro-faq-item-answer\">\n<p>Dob\u00e2nzile pie\u021bei monetare variaz\u0103 pe fondul mai multor factori, cum ar fi dinamica cererii \u0219i ofertei, <a href=\"https:\/\/www.etoro.com\/ro\/news-and-analysis\/investing\/5-investment-strategies-for-inflation\/\">dob\u00e2nzile de referin\u021b\u0103<\/a> stabilite de b\u0103ncile centrale, condi\u021biile pie\u021bei, bonitatea debitorilor \u0219i mediul economic general. Ace\u0219ti factori influen\u021beaz\u0103 nivelul de risc perceput, \u0219i lichiditatea instrumentelor pie\u021bei monetare, ceea ce determin\u0103 anumite fluctua\u021bii ale dob\u00e2nzilor acestora.<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"wp-block-etoro-faq-item\"><dt class=\"wp-block-etoro-faq-item-question\">Ce sunt pie\u021bele primare \u0219i secundare?<\/dt><dd class=\"wp-block-etoro-faq-item-answer\">\n<p>Pia\u021ba primar\u0103 implic\u0103 tranzac\u021bionarea de titluri nou emise pentru prima dat\u0103, direct de la emitent. Aceasta include activit\u0103\u021bi precum <a href=\"https:\/\/help.etoro.com\/s\/article\/what-is-an-ipo?language=ro\">oferte publice ini\u021biale<\/a> (IPO) \u0219i emisiuni de obliga\u021biuni. Pe de alt\u0103 parte, pia\u021ba secundar\u0103 se refer\u0103 la tranzac\u021bionarea de valori mobiliare deja emise \u00eentre investitori. Un exemplu \u00een acest sens ar fi tranzac\u021bionarea ac\u021biunilor pe burse.<\/p>\n<\/dd><\/div>\n\n\n\n<div class=\"wp-block-etoro-faq-item\"><dt class=\"wp-block-etoro-faq-item-question\">De ce sunt importante pie\u021bele de capital pentru investitori?<\/dt><dd class=\"wp-block-etoro-faq-item-answer\">\n<p>Pie\u021bele de capital sunt importante pentru investitori, deoarece ofer\u0103 un mijloc de a investi \u00een titluri de valoare pe termen lung, cum ar fi ac\u021biuni \u0219i <a href=\"https:\/\/www.etoro.com\/ro\/news-and-analysis\/trading\/3-things-you-didnt-know-about-bonds\/\">obliga\u021biuni<\/a>, permi\u021b\u00e2nd companiilor s\u0103 str\u00e2ng\u0103 capital financiar pentru a se dezvolta. Acestea faciliteaz\u0103 alocarea eficient\u0103 a fondurilor \u0219i ofer\u0103 oportunit\u0103\u021bi de investi\u021bii mai atractive dec\u00e2t pie\u021bele monetare, de exemplu, \u00een ceea ce prive\u0219te rentabilitatea.&nbsp;<\/p>\n<\/dd><\/div>\n<\/dl>\n\n\n\n\t\t<style>\n\t\t\t.rtl .etoro-block-shortcode-disclaimer {\n\t\t\t\ttext-align:right;\n\t\t\t}\n\t\t\t.etoro-block-shortcode-disclaimer {\n\t\t\t\tmargin-bottom:18px;\n\t\t\t\ttext-align:left;\n\t\t\t}\n\t\t\t.etoro-block-shortcode-disclaimer p{\n\t\t\t\tfont-size: 12px;\n\t\t\t\tline-height: 18px;\n\t\t\t}\n\t\t\t@media (min-width: 768px) {\n\t\t\t\t.etoro-block-shortcode-disclaimer {\n\t\t\t\t\tmax-width:1176px;\n\t\t\t\t\ttext-align:center;\n\t\t\t\t}\n\t\t\t\t.etoro-block-shortcode-disclaimer p {\n\t\t\t\t\tfont-size: 14px;\n\t\t\t\t\tline-height: 20px;\n\t\t\t\t}\n\t\t\t}\n\t\t<\/style>\n\t\t<div class='etoro-block-shortcode-disclaimer'><p>Informa\u021biile din acest ghid au exclusiv scop educativ \u0219i nu ar trebui considerate drept sfaturi pentru investi\u021bii sau recomand\u0103ri personale, nici oferte sau solicit\u0103ri de cump\u0103rare sau v\u00e2nzare a oric\u0103ror instrumente financiare.<\/p>\n<p>Acest material a fost preg\u0103tit f\u0103r\u0103 a lua \u00een considerare orice fel de obiective particulare de investi\u021bii sau situa\u021bii financiare \u0219i nu a fost creat \u00een conformitate cu cerin\u021bele legale \u0219i de reglementare a promov\u0103rii cercet\u0103rii independente.<\/p>\n<p><strong>Nu toate instrumentele \u0219i serviciile financiare men\u021bionate sunt oferite de eToro<\/strong> \u0219i orice referiri la performan\u021ba anterioar\u0103 a unui instrument financiar, index sau pachet de investi\u021bii, nu sunt \u0219i nu ar trebui considerare un indicator fiabil al rezultatelor viitoare. <strong>Disponibilitatea tuturor produselor \u0219i serviciilor men\u021bionate mai sus poate varia \u00een func\u021bie de jurisdic\u021bie \u0219i \u021bar\u0103.<\/strong><\/p>\n<p>eToro nu face nicio declara\u021bie \u0219i nu \u00ee\u0219i asum\u0103 nicio responsabilitate cu privire la acurate\u021bea sau caracterul complet al con\u021binutului acestui ghid. Asigur\u0103-te c\u0103 \u00een\u021belegi riscurile implicate \u00een tranzac\u021bionare \u00eenainte de a implica capital. Nu risca niciodat\u0103 mai mult dec\u00e2t e\u0219ti preg\u0103tit s\u0103 pierzi.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Pie\u021bele monetare \u0219i pie\u021bele de capital \u00eendeplinesc scopuri diferite \u00een sistemul financiar, chiar dac\u0103 au func\u021bii similare. Afl\u0103 ce sunt, ce caracteristici au, cum le po\u021bi folosi, precum \u0219i prin ce se deosebesc cele dou\u0103. \u00cen acest fel, vei putea lua decizii informate, care s\u0103 corespund\u0103 cu obiectivele tale de investi\u021bii \u0219i profilul de risc&hellip;<\/p>\n","protected":false},"author":95,"featured_media":652685,"parent":31829,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"sticky_cta_settings":"","footnotes":""},"asset_type":[],"class_list":["post-305584","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<title>Ghid privind pie\u021bele monetare \u0219i pie\u021bele de capital | eToro<\/title>\n<meta name=\"description\" content=\"Vrei s\u0103 investe\u0219ti, dar nu \u0219tii sigur dac\u0103 s\u0103 alegi pie\u021bele monetare sau de capital? Ghidul nostru explic\u0103 diferen\u021bele dintre cele dou\u0103.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.etoro.com\/ro\/wp-json\/wp\/v2\/pages\/305584\" \/>\n<meta property=\"og:locale\" content=\"ro_RO\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghid privind pie\u021bele monetare \u0219i pie\u021bele de capital | eToro\" \/>\n<meta property=\"og:description\" content=\"Vrei s\u0103 investe\u0219ti, dar nu \u0219tii sigur dac\u0103 s\u0103 alegi pie\u021bele monetare sau de capital? 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