The festive atmosphere of the month of December is also experienced in the bank accounts of formal workers, who always look forward to the arrival of the bonus or (half) “annual salary”, the traditional extra income that comes to reinforce the high levels of consumption these days.
But what happens when those expenses are already covered and the bonus surplus? Although Uruguayans sometimes feel that local financial options start from somewhat high minimum amounts in dollars, the truth is that a bonusor several of these saved, can be a perfect starting point to enter “positioned” for next year.
Investment in Monetary Regulation Bills
Among the public debt issues carried out by the Central Bank of Uruguay (BCU)the Monetary Regulation Bills (LRM) They may be an option, a priori, easy to assimilate for novice investors.
Sherpa Staffthe Uruguayan site specialized in personal financedetails that LRMs are short-term bonds without “coupon” (also called “zero coupon bonds”) issued “at a discount”, this means that their profitability is implicit in the purchase price, so their return is It derives between the difference between the purchase price and the maturity price, for example, receiving 100% for something that was 95% paid for.
Investors can follow the issuance schedule from the tentative debt placement schedule that is disseminated by the BCU, where the available LRMs appear in the primary market, just as other instruments issued do so in the secondary market.
To directly buy the LRM, an instrument also present in the portfolios of several investment funds, it is necessary to go to an intermediary (bank or stockbroker), since the tenders are structured under a regime of “primary operators” where they are sold exclusively. to “wholesalers” who participate for a minimum amount of 100,000 pesos.
However, retail investors have the opportunity to participate with less money, since some authorized intermediaries pool their money with other interested parties (also retail) to be able to send orders that reach the minimum amounts.
Get into cryptocurrencies
Although in June we already considered some cryptocurrencies as an option for investors with an aggressive profile, this end of the year we will focus exclusively on the star asset of that market: Bitcoin (BTC).
And although the voracity of the crypto market is sometimes seen askance and even resisted by investors already seasoned in the stock market world, the truth is that Bitcoin has proven its worth over the years.
Once the stagnation of the pandemic and the strong impact of the war between Russia and Ukraine, BTC managed, at its worst moment, to reach a floor of around $16,000. The leading cryptocurrency is currently trading – in a market that never sleeps – above $41,000, growing more than 150% since then.
Although the price could scare more than one, the truth is that BTC can be bought from small fractions (called satoshis), hoping that, from its limited current circulation supply, established at 19.57 million units (little more than 93%), the asset revalues over the years.
With a market capitalization of more than $811 billion, the highest among its kind, BTC continues to lead the way in the crypto universe, and despite the passing of the years, it remains an attractive option for users of the different exchanges.
Start an emergency fund
Beyond fixed income or variable income options, having a emergency fund In the event of misfortune, or simply out of necessity, it could be an investment in itself.
Although in Uruguay One often hears the phrase that “Uruguayans do not have a savings culture”, this phenomenon seems to have a rather global character. When the Covid-19 pandemic exploded, some surveys revealed that in USAless than 50% of its inhabitants claimed to have savings in case a setback arose.
The emergency fund, a silver bullet in distressing moments, could keep you afloat for a few months in the event of dismissal or prevent you from having to modify your lifestyle.
In these times of global uncertainty, it seems imperative to have a reserve fund that allows you to live for at least three months without depending on anyone, although the most advisable thing is to be able to create one that allows you to move smoothly for six months, so that he bonus It could become the cornerstone of your own insurance.
Source: Ambito
