過來人分享：GCT保底230分經驗談

The term investment portfolio conjures up visions of the truly rich-the Rockefellers, the Wal Mart Waltons, Bill Gates. But today, everyone from the Philadelphia firefighter, his part time receptionist wife and their three children, to the single Los Angeles lawyer starting out on his own-needs a portfolio.

A portfolio is simply a collection of financial assets. It may include real estate, rare stamps and coins, precious metals and even artworks. But those are for people with expertise. What most of us need to know about are stocks, bonds and cash (including such cash equivalents as money market funds).

How do you decide what part of your portfolio should go to each of the big three? Begin by understanding that stocks pay higher returns but are more risky; bonds and cash pay lower returns but are less risky.

Research by Ibbotson Associates, for example, shows that large company stocks, on average, have returned 11.2 percent annually since 1926. Over the same period, by comparison, bonds have returned an annual average of 5.3 percent and cash, 3.8 percent.

But short term risk is another matter. In 1974, a one year $1000 investment in the stock market would have declined to $735.

With bonds, there are two kinds of risk: that the borrower won't pay you back and that the money you'll get won't be worth very much. The U.S. government stands behind treasury bonds, so the credit risk is almost nil. But the inflation risk remains. Say you buy a $1000 bond maturing in ten years. If inflation averages about seven percent over that time, then the $1000 you receive at maturity can only buy $500 worth of today's goods.

With cash, the inflation risk is lower, since over a long period you can keep rolling over your CDs every year (or more often). If inflation rises, interest rates rise to compensate.

As a result, the single most important rule in building a portfolio is this: If you don't need the money for a long time, then put it into stocks. If you need it soon, put it into bonds and cash.

1. This passage is intended to give advice on .

A) how to avoid inflation risks

B) what kinds of bonds to buy

C) how to get rich by investing in stock market

D) how to become richer by spreading the risk

2. The author mentions such millionaires as the Rockefellers and Bill Gates to show that .

A) they are examples for us on our road to wealth

B) a portfolio is essential to financial success

C) they are really rich people

D) they started out on their own

3. Which of the following statements will the author support?

A) Everybody can get rich with some financial assets.

B) The credit risk for treasury bonds is extremely high.

C) It's no use trying to know the advantages of stocks, bonds and cash.

D) Everybody should realize the importance of distribution of their financial assets.

4. The word "returns" in paragraph three can be best replaced by "."

A) returning journeys

B) profits

C) savings

D) investments

5. The author of the passage points out that .

A) keeping cash is the only way to avoid risks

B) the longer you own a stock, the more you lost

GCT考試保底230分之談：我的考試觀就是及格就好，并不追求高分。去年GCT也只考了252分，報的清華剛剛好。又考了一次，從中有了些心得來和大家交流一下。

去年我全面復習了，結果考的并不理想;今年考前根本沒怎么復習，考試前晚上還在看數學的公式，但考試感覺比去年要好，成績怎么樣再說。大家很多都是在職的，全面復習的時間不會太多，我就談談我感覺的復習重點和考試方法。我按照我的答題順序說。

英語：之所以把英語放在第一個答是因為我如果不先做完英語就始終不放心，屬于個人習慣。前10道單詞語法和10道完形填空一樣的做法，都是一口氣看下來，會的就答，不會的就直接選C。閱讀理解就是先看問題在找答案的方法，省時有效，今年的閱讀我一篇都沒讀完，包括我比較關心的NBA換球事件。完成對話則是要拿分的地方。英語復習向來花的時間多見效還慢，所以復習英語我只看對話的部分，這部分比較容易復習，收分也不少。我答英語用40分鐘。我英語是弱項，去年52分，相信今年大家不回比我弱的。

分數：50

邏輯：邏輯答題沒有太多要求，完全靠大家的感覺。復習教材建議大家不用怎么看，越看越暈，還可能起副作用。復習時就是做模擬題，把五套題做完了估計就找到規律了。要求的是最后10道大題一定要會畫圖表分析法，這20分只要耐心都能得到，不要考慮時間。邏輯是我想要的拿分科目，所以答題有些戀戀不舍，加上中間還出去方便一下，結果花了驚人的65分鐘。我去年好運氣都讓邏輯占了，得了90分，今年不會那么多了，但只要大家做過模擬題，能安心答題，70分還是沒問題的。

分數：70

語文：這一科真是上含天文地理，下含生化法律，沒法都復習，所以莫不如只看看拼音成語，只復習前4分得題。剩下的閱讀理解，生活常識部分，以大家的高中語文功底加上十幾年的讀書看報也不會被難住，拿下70分問題不會太大。我因為邏輯超時了，所以語文答的比較趕，用了40分鐘。我去年模擬都是80 多分，結果考試只得了70分

分數：70

數學：數學考試是我最重要的部分，是我考試經驗的重點，這一科我要放棄大部分題。數學我的理論是只做前10道題，后面15道直接就選C。這樣你就會發現后面的高等數學和線性代數這部分最難的題你可以不做了，我兩年答數學的時候都只剩30分鐘了，但是這樣下來時間也足夠了，而且高等數學和線性代數這你復習時最頭疼的兩部分也可以不看了，簡單吧。前10題里，你最差也能做對6道(如果再差我也沒辦法了)，6*4=24分，后15題中C答案占四分之一強也會對4道，4*4=16分，這樣40分就到手了。相信所有的學校都不會把單科分定到變態的44分，包括清華，如果真有，那就求你多做對一道題了。(經驗：我去年真是都復習了，包括高數和線性，但是時間不夠只做了前12道，對了10道。后13道題我盲目的相信了自己眼力，按照自己看著像的答案答的，竟無一名中

分數：40分

這樣算下來，總成績最低50+70+70+40=230分。這也給你留出了足夠的升分空間，如果你英語好，或者邏輯語文比較強，或者答數學時時間多一些，可以自己多做幾道有把握的題，分數完全可以更高。

總結幾個要點：

1.不會的題不要貪去琢磨而浪費時間，會的題不要因為怕浪費時間而放棄。

2.學會放棄，如果實力精力有限，就不要企圖面面俱到，GCT考試中有些題就是塞翁失馬的東西。理性的放棄一部分，對復習與考試可能都會利大于弊。

C) the high rate of profit and high rate of risk coexist in stocks

D) the best way to accumulate wealth is by investing in stocks