<h2>關鍵要點</h2>
<ul>
<li>長期投資者必須避免華爾街的投票機器，專注於企業的價值。</li>
<li>Realty Income 從近期高點下跌了 20%，提供 5.5% 的收益率，並且有 30 年的年度分紅增長曆史。</li>
<li>百事從近期高點下跌了 25%，歷史上收益率高達 4%，是分紅之王。</li>
<li>我們更看好的 10 只股票 ›</li>
</ul>
<p>人們常常認為華爾街在定價股票方面是高效的。這在長期內確實是正確的，但在短期內，投資者可能會非常情緒化。這種情緒化可能為專注於長期的投資者打開購買機會。</p>
<p>現在可能是採取逆向立場，購買 <strong>Realty Income</strong>(NYSE: O) 和 <strong>PepsiCo</strong>(NASDAQ: PEP) 的好時機，這兩者的交易價格看起來極其便宜。以下是你可能想要逆勢而為的原因。</p>
<p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/PgKF7QAd47Zhwlzu6AZ4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/motleyfool.com/0ea1edb4c70d7149406f10a60e0d1c6c?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" width="960" height="640" original-src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/PgKF7QAd47Zhwlzu6AZ4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/motleyfool.com/0ea1edb4c70d7149406f10a60e0d1c6c"/></p>
<p>圖片來源：Getty Images。</p>
<h2>Realty Income 有一個經過驗證的模型</h2>
<p>Realty Income 每年增加其每月支付的股息，已經連續 30 年。這是一個令人印象深刻的記錄，突顯了這家 5.5% 收益率的房地產投資信託基金（REIT）的穩定性。股息在互聯網泡沫崩潰、大蕭條和新冠疫情期間都得到了增加。</p>
<p>這裏的主要故事是 Realty Income 的單租户淨租賃模式。淨租賃要求租户支付大部分物業相關費用。雖然任何單一物業的風險較高，因為只有一個租户，但在大型投資組合中，風險相對較低。這是因為 Realty Income 避免了維護其物業所需的成本和精力。</p>
<p>Realty Income 是最大的淨租賃 REIT，擁有超過 15,500 處物業。其資產絕大多數為零售物業，佔其租金的約 80%。單租户零售物業往往非常相似，使其易於購買、出售和重新出租。</p>
<p>剩餘的 20% 租金來自工業資產和一些不尋常的物業，如賭場和數據中心。這為組合增加了一些多樣性，此外還有大約 18% 的租金來自歐洲。最近，Realty Income 已同意收購，將其擴展到墨西哥。</p>
<p>這家保守經營的 REIT 基本上是為了成為一個無聊的、多元化的分紅機器而建立的。考慮到其股票目前比 2022 年的高點低 20%，現在是購買的好時機。如果你考慮的是幾十年而不是幾天，那是一個不容忽視的吸引入場點。五百美元可以讓你購買八股 Realty Income 的股票。</p>
<h2>百事滯後，這對你有利</h2>
<p>百事的股票從 2023 年的高點下跌了超過 25%。4% 的股息收益率接近公司歷史上的最高水平。公平地説，這家食品和飲料製造商目前並沒有全面發力，因此投資者只是對其近期的財務表現做出反應。然而，百事也是行業領導者和分紅之王。</p>
<p>百事的飲料、零食和包裝食品業務，實際上是全球最大的消費品運營之一。它擁有強大的品牌組合、分銷能力、市場營銷專業知識和創新能力，能夠與任何競爭對手相抗衡。一個在好時壞時都能良好運作的強大商業模式，使其成功建立了超過 50 年的年度分紅增長記錄。毫無疑問，這是一家非常優秀的企業。它只是正在經歷一些困難時期。</p>
<p>每家公司都會經歷這樣的情況。長期贏家會找到辦法度過難關。百事目前正在努力實現這一目標。例如，它正在收購與消費者產生共鳴的新品牌。它還與一位激進投資者合作，以振興業務，這可能包括調整其飲料業務模式，使其更類似於行業領導者 <strong>可口可樂</strong> 的模式。</p>
<p>問題在於，百事正在採取的措施並不是短期的解決方案，而這正是華爾街真正想看到的。百事正在做出以長期為重心的戰略決策。如果你考慮的是幾十年而不是幾天，這應該是你耳邊的美妙樂曲。這可能是你在百事看起來極其便宜時購買這家高收益分紅之王的機會，500 美元的投資可以讓你獲得三股。</p>
<h2>不要等太久——投資者最終會意識到</h2>
<p>短期價格失調，例如在 Realty Income 和百事身上似乎出現的情況，通常不會永遠持續。隨着這些行業領導者再次證明他們的領導地位，投資者往往會迴歸併購買股票。這就是為什麼你要花時間去了解它們。如果你等太久，可能會錯過在 Realty Income 和百事看起來像是打折時購買的機會。</p>
<h2>你現在應該購買 Realty Income 的股票嗎？</h2>
<p>在你購買 Realty Income 的股票之前，請考慮以下幾點：</p>
<p><em>Motley Fool Stock Advisor</em> 分析師團隊剛剛確定了他們認為現在投資者應該購買的 <strong>10 只最佳股票</strong>……而 Realty Income 並不在其中。入選的 10 只股票在未來幾年可能會產生巨大的回報。</p>
<p>考慮一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日進入這個名單時……如果你在我們推薦時投資了 1,000 美元，<strong>你將擁有 487,089 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日進入這個名單時……如果你在我們推薦時投資了 1,000 美元，<strong>你將擁有 1,139,053 美元</strong>！*</p>
<p>現在值得注意的是 <em>Stock Advisor</em> 的總平均回報率為 970%——相比於標準普爾 500 指數的 197% 的市場超額收益。<strong>不要錯過最新的前 10 名名單，隨時可通過 <em>Stock Advisor</em> 獲取，並加入一個由個人投資者為個人投資者建立的投資社區。</strong></p>
<p><strong>查看 10 只股票 »</strong></p>
<p><em>* 股票顧問的回報截至 2026 年 1 月 15 日。</em></p>
<p><em>Reuben Gregg Brewer 持有百事和 Realty Income 的股份。The Motley Fool 持有並推薦 Realty Income。The Motley Fool 有披露政策。</em></p>
<p>手頭有 500 美元？現在長期投資者應該購買的 2 只極其便宜的股票最初由 The Motley Fool 發佈。</p>

百事

<p>投資者被鼓勵將 Realty Income 和百事視為長期投資，因為它們目前的股價較低。Realty Income 是一家收益率為 5.5% 的房地產投資信託基金，較近期高點下跌了 20%，並且有 30 年的分紅增長曆史。百事作為 “分紅之王”，股價下跌了 25%，收益率為 4%。儘管短期市場波動，這兩家公司被視為關注長期增長的投資者的被低估機會</p>

<h2>Key Points</h2>
<div class="lb-trans"><h2>關鍵要點</h2>
</div><ul>
<li>Investors who think long-term must avoid the Wall Street voting machine and focus on the value of a business.</li>
<li>Realty Income is down 20% from its recent highs, is offering a 5.5% yield, and has a 30-year history of annual dividend increases.</li>
<li>PepsiCo is down 25% from its recent highs, has a historically high 4% yield, and is a Dividend King.</li>
<li>10 stocks we like better than Realty Income ›</li>
</ul>
<div class="lb-trans"><ul>
<li>長期投資者必須避免華爾街的投票機器，專注於企業的價值。</li>
<li>Realty Income 從近期高點下跌了 20%，提供 5.5% 的收益率，並且有 30 年的年度分紅增長曆史。</li>
<li>百事從近期高點下跌了 25%，歷史上收益率高達 4%，是分紅之王。</li>
<li>我們更看好的 10 只股票 ›</li>
</ul>
</div><p>It is often suggested that Wall Street is efficient in the way it prices stocks. That's actually true over long periods of time, but over short periods, investors can be quite emotional. This emotionality can open up buying opportunities for investors who focus on the long term.</p>
<div class="lb-trans"><p>人們常常認為華爾街在定價股票方面是高效的。這在長期內確實是正確的，但在短期內，投資者可能會非常情緒化。這種情緒化可能為專注於長期的投資者打開購買機會。</p>
</div><p>Right now could be a good time to take a contrarian stance and buy <strong>Realty Income</strong>(NYSE: O) and <strong>PepsiCo</strong>(NASDAQ: PEP), which both appear to be trading at absurdly cheap prices. Here's why you might want to go against the crowd.</p>
<div class="lb-trans"><p>現在可能是採取逆向立場，購買 <strong>Realty Income</strong>(NYSE: O) 和 <strong>PepsiCo</strong>(NASDAQ: PEP) 的好時機，這兩者的交易價格看起來極其便宜。以下是你可能想要逆勢而為的原因。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://s.yimg.com/ny/api/res/1.2/PgKF7QAd47Zhwlzu6AZ4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/motleyfool.com/0ea1edb4c70d7149406f10a60e0d1c6c" alt="" original-src="https://s.yimg.com/ny/api/res/1.2/PgKF7QAd47Zhwlzu6AZ4og--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MA--/https://media.zenfs.com/en/motleyfool.com/0ea1edb4c70d7149406f10a60e0d1c6c"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>Realty Income has a proven model</h2>
<div class="lb-trans"><h2>Realty Income 有一個經過驗證的模型</h2>
</div><p>Realty Income has increased its monthly pay dividend every year for 30 consecutive years. That's an impressive streak and highlights the consistency of this 5.5%-yielding real estate investment trust (REIT). The dividend was increased right through the dot-com crash, the Great Recession, and the coronavirus pandemic.</p>
<div class="lb-trans"><p>Realty Income 每年增加其每月支付的股息，已經連續 30 年。這是一個令人印象深刻的記錄，突顯了這家 5.5% 收益率的房地產投資信託基金（REIT）的穩定性。股息在互聯網泡沫崩潰、大蕭條和新冠疫情期間都得到了增加。</p>
</div><p>The big story here is Realty Income's single-tenant net lease approach. A net lease requires the tenant to pay for most property-level expenses. While any single property is high-risk because there is only one tenant, across a large portfolio, the risk is relatively low. That's because Realty Income avoids the cost and effort involved with maintaining its properties.</p>
<div class="lb-trans"><p>這裏的主要故事是 Realty Income 的單租户淨租賃模式。淨租賃要求租户支付大部分物業相關費用。雖然任何單一物業的風險較高，因為只有一個租户，但在大型投資組合中，風險相對較低。這是因為 Realty Income 避免了維護其物業所需的成本和精力。</p>
</div><p>Realty Income is the largest net lease REIT, with a portfolio of more than 15,500 properties.The vast majority of its assets are retail, accounting for approximately 80% of its rents. Single-tenant retail properties tend to be very similar, making them easy to buy, sell, and re-lease.</p>
<div class="lb-trans"><p>Realty Income 是最大的淨租賃 REIT，擁有超過 15,500 處物業。其資產絕大多數為零售物業，佔其租金的約 80%。單租户零售物業往往非常相似，使其易於購買、出售和重新出租。</p>
</div><p>The remaining 20% of rents comes from industrial assets and more unusual properties, such as casinos and data centers. This adds some diversification to the mix, which is further augmented by the roughly 18% of rents that come from Europe. More recently, Realty Income has agreed to an acquisition that will see it expand into Mexico.</p>
<div class="lb-trans"><p>剩餘的 20% 租金來自工業資產和一些不尋常的物業，如賭場和數據中心。這為組合增加了一些多樣性，此外還有大約 18% 的租金來自歐洲。最近，Realty Income 已同意收購，將其擴展到墨西哥。</p>
</div><p>The conservatively run REIT is basically built to be a boring, diversified dividend machine. It's currently a great time to consider buying it, given that the shares are 20% below their 2022 highs. If you think in decades and not days, that's too attractive an entry point to ignore. Five hundred dollars will let you buy eight shares of Realty Income.</p>
<div class="lb-trans"><p>這家保守經營的 REIT 基本上是為了成為一個無聊的、多元化的分紅機器而建立的。考慮到其股票目前比 2022 年的高點低 20%，現在是購買的好時機。如果你考慮的是幾十年而不是幾天，那是一個不容忽視的吸引入場點。五百美元可以讓你購買八股 Realty Income 的股票。</p>
</div><h2>PepsiCo is lagging, and that's good for you</h2>
<div class="lb-trans"><h2>百事滯後，這對你有利</h2>
</div><p>PepsiCo's stock is down more than 25% from its 2023 highs. The 4% dividend yield is near the highest levels in the company's history. To be fair, this food and beverage maker isn't hitting on all cylinders right now, so investors are just reacting to its recent financial performance. However, PepsiCo is also an industry leader and a Dividend King.</p>
<div class="lb-trans"><p>百事的股票從 2023 年的高點下跌了超過 25%。4% 的股息收益率接近公司歷史上的最高水平。公平地説，這家食品和飲料製造商目前並沒有全面發力，因此投資者只是對其近期的財務表現做出反應。然而，百事也是行業領導者和分紅之王。</p>
</div><p>PepsiCo's beverage, snack, and packaged food business is, literally, one of the world's largest consumer staples operations. It boasts a strong brand portfolio, distribution capabilities, marketing expertise, and innovation skills that rival any competitor. A strong business model that's executed well in both good times and bad is how it managed to build an over-50-year streak of annual dividend growth. It is, without question, a very good business. It's just going through some hard times right now.</p>
<div class="lb-trans"><p>百事的飲料、零食和包裝食品業務，實際上是全球最大的消費品運營之一。它擁有強大的品牌組合、分銷能力、市場營銷專業知識和創新能力，能夠與任何競爭對手相抗衡。一個在好時壞時都能良好運作的強大商業模式，使其成功建立了超過 50 年的年度分紅增長記錄。毫無疑問，這是一家非常優秀的企業。它只是正在經歷一些困難時期。</p>
</div><p>That happens to every company. The long-term winners figure out a way to muddle through to better days. PepsiCo is working on that right now. For example, it has been acquiring new brands that resonate well with consumers. It's also working with an activist investor to reinvigorate the business, which may include adjusting its beverage business model to make it more similar to that of industry leader <strong>Coca-Cola</strong>.</p>
<div class="lb-trans"><p>每家公司都會經歷這樣的情況。長期贏家會找到辦法度過難關。百事目前正在努力實現這一目標。例如，它正在收購與消費者產生共鳴的新品牌。它還與一位激進投資者合作，以振興業務，這可能包括調整其飲料業務模式，使其更類似於行業領導者 <strong>可口可樂</strong> 的模式。</p>
</div><p>The problem is that the moves PepsiCo is making aren't short-term fixes, which is what Wall Street really wants to see. PepsiCo is making strategic decisions with a long-term focus. If you think in decades and not days, that should be music to your ears. This could be your chance to buy a high-yield Dividend King while it appears absurdly cheap, with a $500 investment netting you three shares.</p>
<div class="lb-trans"><p>問題在於，百事正在採取的措施並不是短期的解決方案，而這正是華爾街真正想看到的。百事正在做出以長期為重心的戰略決策。如果你考慮的是幾十年而不是幾天，這應該是你耳邊的美妙樂曲。這可能是你在百事看起來極其便宜時購買這家高收益分紅之王的機會，500 美元的投資可以讓你獲得三股。</p>
</div><h2>Don't wait too long -- investors will eventually catch on</h2>
<div class="lb-trans"><h2>不要等太久——投資者最終會意識到</h2>
</div><p>Short-term price dislocations, such as the ones that appear to have taken shape at Realty Income and PepsiCo, usually don't last forever. As companies like these two industry leaders prove again why they are leaders, investors tend to come back and buy the stock. That's why you'll want to take the time to get to know them. If you wait too long, you may miss the opportunity to buy Realty Income and PepsiCo while they look like they are on sale.</p>
<div class="lb-trans"><p>短期價格失調，例如在 Realty Income 和百事身上似乎出現的情況，通常不會永遠持續。隨着這些行業領導者再次證明他們的領導地位，投資者往往會迴歸併購買股票。這就是為什麼你要花時間去了解它們。如果你等太久，可能會錯過在 Realty Income 和百事看起來像是打折時購買的機會。</p>
</div><h2>Should you buy stock in Realty Income right now?</h2>
<div class="lb-trans"><h2>你現在應該購買 Realty Income 的股票嗎？</h2>
</div><p>Before you buy stock in Realty Income, consider this:</p>
<div class="lb-trans"><p>在你購買 Realty Income 的股票之前，請考慮以下幾點：</p>
</div><p>The <em>Motley Fool Stock Advisor</em> analyst team just identified what they believe are the <strong>10 best stocks</strong> for investors to buy now… and Realty Income wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.</p>
<div class="lb-trans"><p><em>Motley Fool Stock Advisor</em> 分析師團隊剛剛確定了他們認為現在投資者應該購買的 <strong>10 只最佳股票</strong>……而 Realty Income 並不在其中。入選的 10 只股票在未來幾年可能會產生巨大的回報。</p>
</div><p>Consider when <strong>Netflix</strong> made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, <strong>you’d have $487,089</strong>!* Or when <strong>Nvidia</strong> made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, <strong>you’d have $1,139,053</strong>!*</p>
<div class="lb-trans"><p>考慮一下 <strong>Netflix</strong> 在 2004 年 12 月 17 日進入這個名單時……如果你在我們推薦時投資了 1,000 美元，<strong>你將擁有 487,089 美元</strong>！* 或者 <strong>Nvidia</strong> 在 2005 年 4 月 15 日進入這個名單時……如果你在我們推薦時投資了 1,000 美元，<strong>你將擁有 1,139,053 美元</strong>！*</p>
</div><p>Now, it’s worth noting <em>Stock Advisor’s</em> total average return is 970% — a market-crushing outperformance compared to 197% for the S&amp;P 500. <strong>Don't miss the latest top 10 list, available with <em>Stock Advisor</em>, and join an investing community built by individual investors for individual investors.</strong></p>
<div class="lb-trans"><p>現在值得注意的是 <em>Stock Advisor</em> 的總平均回報率為 970%——相比於標準普爾 500 指數的 197% 的市場超額收益。<strong>不要錯過最新的前 10 名名單，隨時可通過 <em>Stock Advisor</em> 獲取，並加入一個由個人投資者為個人投資者建立的投資社區。</strong></p>
</div><p><strong>See the 10 stocks »</strong></p>
<div class="lb-trans"><p><strong>查看 10 只股票 »</strong></p>
</div><p><em>*Stock Advisor returns as of January 15, 2026.</em></p>
<div class="lb-trans"><p><em>* 股票顧問的回報截至 2026 年 1 月 15 日。</em></p>
</div><p><em>Reuben Gregg Brewer has positions in PepsiCo and Realty Income. The Motley Fool has positions in and recommends Realty Income. The Motley Fool has a disclosure policy.</em></p>
<div class="lb-trans"><p><em>Reuben Gregg Brewer 持有百事和 Realty Income 的股份。The Motley Fool 持有並推薦 Realty Income。The Motley Fool 有披露政策。</em></p>
</div><p>Have $500? 2 Absurdly Cheap Stocks Long-Term Investors Should Buy Right Now was originally published by The Motley Fool</p>
<div class="lb-trans"><p>手頭有 500 美元？現在長期投資者應該購買的 2 只極其便宜的股票最初由 The Motley Fool 發佈。</p>
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有 500 美元嗎？長期投資者現在應該購買的兩隻非常便宜的股票