{"id":12277,"date":"2026-11-10T12:16:37","date_gmt":"2026-11-10T11:16:37","guid":{"rendered":"https:\/\/clartan.com\/fr\/?p=12277"},"modified":"2026-11-10T12:19:53","modified_gmt":"2026-11-10T11:19:53","slug":"pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme","status":"publish","type":"post","link":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/","title":{"rendered":"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-lg-font-size wp-block-paragraph\">Dans cet article, Olivier Delooz, directeur g\u00e9n\u00e9ral, associ\u00e9 et g\u00e9rant financier chez Clartan Associ\u00e9s, analyse les atouts et les limites de ces deux classes d\u2019actifs dans une strat\u00e9gie d\u2019investissement \u00e0 long terme.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Nous sommes souvent marqu\u00e9s par la r\u00e9ticence de nos clients particuliers \u00e0 investir jusqu\u2019\u00e0 100 % de leur \u00e9pargne \u00e0 long terme en actions. Or, les placements effectu\u00e9s sur des contrats d\u2019assurance vie ou des plans d\u2019\u00e9pargne retraite (PER) sont en g\u00e9n\u00e9ral des placements avec un horizon tr\u00e8s long terme.<br>Nous pr\u00e9sentons ici les principaux arguments th\u00e9oriques qui plaident pour les actions, classe d\u2019actifs liquides qui devrait, dans les prochaines ann\u00e9es, conna\u00eetre un int\u00e9r\u00eat croissant de la part des investisseurs particuliers europ\u00e9ens pour financer leur retraite.<br>En revanche, nous n\u2019abordons pas, dans cette analyse, une question majeure qui est de savoir si le niveau actuel des march\u00e9s actions laisse une marge de s\u00e9curit\u00e9 suffisante pour investir 100 % de son portefeuille en actions. Cela fera l\u2019objet d\u2019un prochain article.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LES ENSEIGNEMENTS DE L\u2019HISTOIRE<br><em>Sur une longue p\u00e9riode (donn\u00e9es statistiques fiables disponibles depuis 1900), les actions offrent un rendement r\u00e9el (apr\u00e8s inflation) significativement sup\u00e9rieur \u00e0 celui des obligations. Depuis 1900, la performance r\u00e9elle moyenne, dividendes r\u00e9investis, des march\u00e9s actions a \u00e9t\u00e9 de l\u2019ordre de 5 \u00e0 7 % par an dans la plupart des march\u00e9s d\u00e9velopp\u00e9s, contre 1 \u00e0 2 % pour les obligations d\u2019\u00c9tat. Cet \u00e9cart, appel\u00e9 \u00ab prime de risque actions \u00bb, r\u00e9mun\u00e8re l\u2019investisseur pour le risque qu\u2019il supporte \u00e0 d\u00e9tenir des actions plut\u00f4t que des obligations.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">ACTIONS, OBLIGATIONS : QUELS SONT LES RISQUES ?<br><em>Une action repr\u00e9sente une part de propri\u00e9t\u00e9 d\u2019une entreprise. Son d\u00e9tenteur profite directement de l\u2019essor, de l\u2019innovation, de la croissance des b\u00e9n\u00e9fices et de la cr\u00e9ation de valeur au fil du temps. L\u2019appr\u00e9ciation du risque pris consiste donc \u00e0 \u00e9valuer si l\u2019entreprise va cr\u00e9er de la valeur \u00e0 long terme et la redistribuer aux actionnaires ; ou au contraire, si la rentabilit\u00e9 des fonds propres va d\u00e9cliner et, dans un cas extr\u00eame, tendre vers z\u00e9ro, jusqu\u2019\u00e0 ce que l\u2019entreprise disparaisse.<br>Une obligation est un pr\u00eat \u00e0 taux fixe ou variable, dont les conditions sont d\u00e9finies \u00e0 l\u2019avance : son rendement est contractuellement plafonn\u00e9. Le risque pris est double : l\u2019\u00e9metteur de dette sera-t-il en mesure de la rembourser selon l\u2019\u00e9ch\u00e9ancier pr\u00e9d\u00e9fini ? Et le taux que le pr\u00eateur a accept\u00e9 sera-t-il sup\u00e9rieur \u00e0 l\u2019inflation constat\u00e9e pendant la dur\u00e9e de d\u00e9tention ?<br>Sur le long terme, la croissance \u00e9conomique et l\u2019expansion des entreprises profitent structurellement davantage aux actionnaires qu\u2019aux cr\u00e9anciers.<br>Le mouvement l\u2019emporte sur la stabilit\u00e9, le risque sur la quasi-certitude.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LE PROBL\u00c8ME DE LA VOLATILIT\u00c9<br><em>Si l\u2019on met de c\u00f4t\u00e9 le risque sp\u00e9cifique li\u00e9 \u00e0 une action, une entreprise qui p\u00e9riclite, ou le risque qu\u2019elle soit, \u00e0 un instant donn\u00e9, beaucoup trop ch\u00e8re par rapport \u00e0 sa juste valeur, le principal inconv\u00e9nient des actions r\u00e9side dans leur volatilit\u00e9 \u00e0 court terme, c\u2019est-\u00e0-dire l\u2019ampleur des fluctuations des cours, \u00e0 la hausse comme \u00e0 la baisse. Celle-ci varie selon le type d\u2019actions consid\u00e9r\u00e9 et en fonction des phases de march\u00e9. En moyenne, elle est proche de 20 % sur une base annuelle. En revanche, la volatilit\u00e9 s\u2019att\u00e9nue fortement avec l\u2019horizon de placement et, au bout de sept ans, elle devient inf\u00e9rieure \u00e0 celle des march\u00e9s obligataires.<br>Par ailleurs, sur des p\u00e9riodes glissantes de quinze \u00e0 vingt ans, la probabilit\u00e9 d\u2019avoir un rendement actions n\u00e9gatif devient quasiment nulle dans les grands indices diversifi\u00e9s. Un horizon \u00e0 long terme permet ainsi de capter la prime de risque sans \u00eatre expos\u00e9 aux \u00e0-coups conjoncturels.<br>Sur le long terme, la surperformance des actions par rapport aux obligations a des implications significatives pour un portefeuille. Il faut avoir conscience qu\u2019un \u00e9cart de rendement annuel de quelques points, capitalis\u00e9 sur vingt ou trente ans, produit un effet consid\u00e9rable sur le capital final. Gr\u00e2ce \u00e0 la composition des int\u00e9r\u00eats, 100.000 euros investis \u00e0 6 % par an pendant vingt ans deviennent plus de 320.000 euros, contre moins de 150.000 euros \u00e0 2 % par an.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">LES OBLIGATIONS COMME OUTIL PONCTUEL<br><em>Cependant, les obligations ont une utilit\u00e9 r\u00e9elle : elles r\u00e9duisent, \u00e0 court terme, la volatilit\u00e9 globale d\u2019un portefeuille, offrent des revenus r\u00e9guliers et prot\u00e8gent le capital \u00e0 court\/ moyen terme ou \u00e0 l\u2019approche d\u2019un besoin de liquidit\u00e9.<br>En conclusion, une allocation pertinente d\u00e9pend de la situation individuelle de chaque investisseur, de son horizon de placement et de sa tol\u00e9rance au risque. Il est bien entendu important, avant d\u2019investir sur les march\u00e9s actions, de bien analyser les fondamentaux des entreprises et leur potentiel de rentabilit\u00e9. La valorisation des march\u00e9s doit \u00e9galement \u00eatre consid\u00e9r\u00e9e. L\u2019accompagnement par un gestionnaire de<\/em> <em>portefeuille est recommand\u00e9 pour limiter la prise de risques, r\u00e9aliser une allocation coh\u00e9rente avec l\u2019horizon d\u2019investissement et tenir compte de la sensibilit\u00e9 de l\u2019investisseur aux fluctuations des march\u00e9s.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2026\/11\/10-2026-Le-Revenu-OD-Page-56.pdf\" data-type=\"link\" data-id=\"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2026\/11\/10-2026-Le-Revenu-OD-Page-56.pdf\">Retrouvez la page de l&rsquo;article<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Disclaimer<\/strong><br>Cette communication est \u00e0 caract\u00e8re publicitaire. L\u2019investissement dans des Organismes de Placement Collectifs en Valeurs Mobili\u00e8res (OPCVM) comporte des risques, dont un risque de perte en capital. Avant toute souscription, consultez le DIC et le prospectus disponibles sur\u00a0clartan.com.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Les performances pass\u00e9es ne pr\u00e9jugent pas des performances futures.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">La r\u00e9f\u00e9rence \u00e0 certaines valeurs boursi\u00e8res est donn\u00e9e \u00e0 titre d\u2019illustration et ne constitue pas une recommandation d\u2019investissement.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Clartan Associ\u00e9s est une soci\u00e9t\u00e9 de gestion agr\u00e9\u00e9e par l\u2019AMF sous le num\u00e9ro GP-90095.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dans cet article, Olivier Delooz, directeur g\u00e9n\u00e9ral, associ\u00e9 et g\u00e9rant financier chez Clartan Associ\u00e9s, analyse les atouts et les limites de ces deux classes d\u2019actifs dans une strat\u00e9gie d\u2019investissement \u00e0 long terme.<\/p>\n","protected":false},"author":18,"featured_media":12278,"comment_status":"closed","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[5,25],"tags":[],"class_list":["post-12277","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualites","category-presse"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v28.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0? - Clartan Associ\u00e9s<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/\" \/>\n<meta property=\"og:site_name\" content=\"Clartan Associ\u00e9s FR\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-10T11:16:37+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-10T11:19:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2026\/11\/2026-11-10-Vignette-Le-Revenu-article-OD.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"luciegendron\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/\"},\"author\":{\"name\":\"luciegendron\",\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/#\\\/schema\\\/person\\\/7cabf86adb059cf046c18e0c9ed2a7af\"},\"headline\":\"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0?\",\"datePublished\":\"2026-11-10T11:16:37+00:00\",\"dateModified\":\"2026-11-10T11:19:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/\"},\"wordCount\":982,\"publisher\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/clartan.com\\\/fr\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/2026-11-10-Vignette-Le-Revenu-article-OD.png\",\"articleSection\":[\"Actualit\u00e9s\",\"Presse\"],\"inLanguage\":\"fr-FR\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/\",\"url\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/\",\"name\":\"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0? - Clartan Associ\u00e9s\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/clartan.com\\\/fr\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/2026-11-10-Vignette-Le-Revenu-article-OD.png\",\"datePublished\":\"2026-11-10T11:16:37+00:00\",\"dateModified\":\"2026-11-10T11:19:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/#breadcrumb\"},\"inLanguage\":\"fr-FR\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/#primaryimage\",\"url\":\"https:\\\/\\\/clartan.com\\\/fr\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/2026-11-10-Vignette-Le-Revenu-article-OD.png\",\"contentUrl\":\"https:\\\/\\\/clartan.com\\\/fr\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/2026-11-10-Vignette-Le-Revenu-article-OD.png\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/actualites\\\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\\\/\\\/clartan.com\\\/fr\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/#website\",\"url\":\"https:\\\/\\\/clartan.com\\\/fr\\\/\",\"name\":\"Clartan Associ\u00e9s FR\",\"description\":\"Maison de Gestion ind\u00e9pendante\",\"publisher\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/#organization\"},\"alternateName\":\"Clartan\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/clartan.com\\\/fr\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"fr-FR\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/#organization\",\"name\":\"Clartan Associ\u00e9s\",\"alternateName\":\"Clartan\",\"url\":\"https:\\\/\\\/clartan.com\\\/fr\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/clartan.com\\\/fr\\\/wp-content\\\/uploads\\\/2025\\\/12\\\/Favicon-2.png\",\"contentUrl\":\"https:\\\/\\\/clartan.com\\\/fr\\\/wp-content\\\/uploads\\\/2025\\\/12\\\/Favicon-2.png\",\"width\":1024,\"height\":1024,\"caption\":\"Clartan Associ\u00e9s\"},\"image\":{\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/company\\\/clartan-associes\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@clartanassocies3040\"],\"description\":\"Maison de gestion ind\u00e9pendante depuis 1986,\\u2028Clartan Associ\u00e9s met en \u0153uvre une gestion solide et \u00e9prouv\u00e9e, fond\u00e9e sur la coll\u00e9gialit\u00e9.\",\"email\":\"contact@clartan.com\",\"telephone\":\"+33 1 53 77 60 80\",\"legalName\":\"Clartan Associ\u00e9s\",\"foundingDate\":\"1986-12-01\",\"vatID\":\"FR18339485161\",\"taxID\":\"33948516100097\",\"leiCode\":\"969500AFMNSMC5R97K50\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/clartan.com\\\/fr\\\/#\\\/schema\\\/person\\\/7cabf86adb059cf046c18e0c9ed2a7af\",\"name\":\"luciegendron\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"fr-FR\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6a8f3839c41c8354d11043115bd46801046ad072eda17a62b43c08f6c4211184?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6a8f3839c41c8354d11043115bd46801046ad072eda17a62b43c08f6c4211184?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/6a8f3839c41c8354d11043115bd46801046ad072eda17a62b43c08f6c4211184?s=96&d=mm&r=g\",\"caption\":\"luciegendron\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0? - Clartan Associ\u00e9s","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/","og_locale":"fr_FR","og_type":"article","og_title":"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0?","og_url":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/","og_site_name":"Clartan Associ\u00e9s FR","article_published_time":"2026-11-10T11:16:37+00:00","article_modified_time":"2026-11-10T11:19:53+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2026\/11\/2026-11-10-Vignette-Le-Revenu-article-OD.png","type":"image\/png"}],"author":"luciegendron","twitter_card":"summary_large_image","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/#article","isPartOf":{"@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/"},"author":{"name":"luciegendron","@id":"https:\/\/clartan.com\/fr\/#\/schema\/person\/7cabf86adb059cf046c18e0c9ed2a7af"},"headline":"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0?","datePublished":"2026-11-10T11:16:37+00:00","dateModified":"2026-11-10T11:19:53+00:00","mainEntityOfPage":{"@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/"},"wordCount":982,"publisher":{"@id":"https:\/\/clartan.com\/fr\/#organization"},"image":{"@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/#primaryimage"},"thumbnailUrl":"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2026\/11\/2026-11-10-Vignette-Le-Revenu-article-OD.png","articleSection":["Actualit\u00e9s","Presse"],"inLanguage":"fr-FR"},{"@type":"WebPage","@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/","url":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/","name":"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0? - Clartan Associ\u00e9s","isPartOf":{"@id":"https:\/\/clartan.com\/fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/#primaryimage"},"image":{"@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/#primaryimage"},"thumbnailUrl":"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2026\/11\/2026-11-10-Vignette-Le-Revenu-article-OD.png","datePublished":"2026-11-10T11:16:37+00:00","dateModified":"2026-11-10T11:19:53+00:00","breadcrumb":{"@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/#breadcrumb"},"inLanguage":"fr-FR","potentialAction":[{"@type":"ReadAction","target":["https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/"]}]},{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/#primaryimage","url":"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2026\/11\/2026-11-10-Vignette-Le-Revenu-article-OD.png","contentUrl":"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2026\/11\/2026-11-10-Vignette-Le-Revenu-article-OD.png","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/clartan.com\/fr\/actualites\/pourquoi-preferer-les-actions-aux-obligations-sur-le-long-terme\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/clartan.com\/fr\/"},{"@type":"ListItem","position":2,"name":"Pourquoi pr\u00e9f\u00e9rer les actions aux obligations sur le long terme\u00a0?"}]},{"@type":"WebSite","@id":"https:\/\/clartan.com\/fr\/#website","url":"https:\/\/clartan.com\/fr\/","name":"Clartan Associ\u00e9s FR","description":"Maison de Gestion ind\u00e9pendante","publisher":{"@id":"https:\/\/clartan.com\/fr\/#organization"},"alternateName":"Clartan","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/clartan.com\/fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"fr-FR"},{"@type":"Organization","@id":"https:\/\/clartan.com\/fr\/#organization","name":"Clartan Associ\u00e9s","alternateName":"Clartan","url":"https:\/\/clartan.com\/fr\/","logo":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/clartan.com\/fr\/#\/schema\/logo\/image\/","url":"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2025\/12\/Favicon-2.png","contentUrl":"https:\/\/clartan.com\/fr\/wp-content\/uploads\/2025\/12\/Favicon-2.png","width":1024,"height":1024,"caption":"Clartan Associ\u00e9s"},"image":{"@id":"https:\/\/clartan.com\/fr\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.linkedin.com\/company\/clartan-associes\/","https:\/\/www.youtube.com\/@clartanassocies3040"],"description":"Maison de gestion ind\u00e9pendante depuis 1986,\u2028Clartan Associ\u00e9s met en \u0153uvre une gestion solide et \u00e9prouv\u00e9e, fond\u00e9e sur la coll\u00e9gialit\u00e9.","email":"contact@clartan.com","telephone":"+33 1 53 77 60 80","legalName":"Clartan Associ\u00e9s","foundingDate":"1986-12-01","vatID":"FR18339485161","taxID":"33948516100097","leiCode":"969500AFMNSMC5R97K50"},{"@type":"Person","@id":"https:\/\/clartan.com\/fr\/#\/schema\/person\/7cabf86adb059cf046c18e0c9ed2a7af","name":"luciegendron","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/secure.gravatar.com\/avatar\/6a8f3839c41c8354d11043115bd46801046ad072eda17a62b43c08f6c4211184?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/6a8f3839c41c8354d11043115bd46801046ad072eda17a62b43c08f6c4211184?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6a8f3839c41c8354d11043115bd46801046ad072eda17a62b43c08f6c4211184?s=96&d=mm&r=g","caption":"luciegendron"}}]}},"_links":{"self":[{"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/posts\/12277","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/users\/18"}],"replies":[{"embeddable":true,"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/comments?post=12277"}],"version-history":[{"count":2,"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/posts\/12277\/revisions"}],"predecessor-version":[{"id":12281,"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/posts\/12277\/revisions\/12281"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/media\/12278"}],"wp:attachment":[{"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/media?parent=12277"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/categories?post=12277"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/clartan.com\/fr\/wp-json\/wp\/v2\/tags?post=12277"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}