The volatility of the local bag could affect savers who maintain non -dollarized liquid weights or investments.
The official dollar rose to $ 1,370, Argentine shares on Wall Street fell 5% and sovereign bonds, 3%. The reason? A possible case of coimas of senior government officials. Given the situation, The market wonders what investments to do with the weights so as not to be losing (or lose as little as possible).
The scandal for alleged bribes in the National Disability Agency (Andis), unleashed after the dissemination of a recording in which the then holder Diego Spagnuolo He admitted irregular payments in the purchase of medicines, continues to generate repercussions on the Executive.
Weights suffer political volatility
In the financial City they warn that the “political noise”, a few days after the legislative elections in the province of Buenos Aires, could complicate the chances of triumph of freedom progress (lla)fundamental to sustain the official macroeconomic program.
Spagnuolo and other officials were displaced last week, while Justice advances with raids and the analysis of seized elements. In the midst of the versions that reach Karina Milei, his brother Eduardo “Lule” Menem and the president of the Chamber of Deputies, Martín Menem, came out to deny the accusations and attributed the case to an operation driven by Kirchnerism.
“The truth is that it is a fairly volatile moment. In general, this entire volatility movement in the market is caused 100% by politics. It grabs us at an average controversial time for the capital market because there was a bit of volatility in the exchange rate and we have the interest rates with enough volatility, especially in the cautions, but also in the lyrics of the treasure,” said the financial advisor Fernando Villar.
Dollar pesos
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Given the situation, The executive advised to wait and not buy or sell shares or bonds. “You have to see how the news chews. The news. The days of greater volatility are not the ideal days to operate, but I choose to wait a bit and see how the market continues,” he said.
However, those investors who already had assets from a long time could Cut out losses or take profits to wait for legislative elections in financial instruments of lower risk and/or other countries.
Long -term, dollar
Meanwhile, savers who made “Carry Trade” with Lecaps or continue in pesos could be accommodated towards a more dollarized profile, either by means of negotiable or yield obligations.
For its part, the consultant Abel Cuchietti He emphasized the importance of counteracting volatility through order, that is, “having identified the silver that one has, that is, the famous budget or evaluation of money needs, of being clear about what one or when the silver needs.”
Then, if there is a surplus of money and is destined for long -term investments (several years), then it must be dollarized. “The long term is always to think of a dollarized instrument. Regardless of what will happen electorally or the rates, if they go up or go down,” he said.
Source: Ambito
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