Change of expectations in the market: what do experts recommend in investing after the US salvage

Specifically, USA analyzes a financial support package to Argentina that includes a Swap for US $20,000 million To reinforce the reservations, with a first section planned after the elections and before the end of the year, destined to cover the expiration of January for US $ 4,000 million; the Possibility of a stand-by loan to define in bilateral negotiation and, if necessary, the Purchase of sovereign bonds in dollars to contain possible market turbulence.

However, in parallel, the Doubts about the political strength of the government of Javier Mileiespecially after the electoral results in the province of Buenos Aires, in which a serious defeat was presented. Investors fear that in October, in national elections, The ruling does not win enough benches to implement deep economic changes in the coming years.

Investments: What to do with actions and bonds in this context

For this reason, the financial advisors agree that the key to “sleeping calm” is in Maintain a large portion of portfolios in dollarized assetsprimarily those of low volatility.

“Making many rotations in such volatile scenarios can be worse. You want to get on a wave and maybe it’s too late. Do you hurt late and get on with a high dollar and miss the car. Then, if the dollar goes down, you sell, make rate and the dollar again and lose it again. Late reactions are ‘Double Nelson’, “he said Germán MarinIndependent Financial Operator and Advisor.

“I think it is always advisable to have A portfolio leg in fixed -income dollarized assets and low risk such as negotiable obligations (25% of the total). Regarding sovereign bonds in dollars, I maintain an average of 10/15%but again the elections will be a key factor to enlarge or reduce positions. Another portion of the total for dollarized assets of variable income is in Yields: Berkshire Hathaway, Alphabet, Meta Platforms, for example … “, explained the executive.

Then, he added that Does not change weights in local actions Despite the price casualties and that continues to take advantage of the rates in pesos of the Cer and Lecaps bonds. “In summary, not neglecting the dollar. I always explain that it is better to achieve moderate but sustainable performance over time, the famous formula of compound interest does its job. And sleep peacefully,” Marin concluded.

Dollars in dollars lead the portfolios

For its part, the consultant Arian Chiarandon He indicated that he would emphasize good credit corporate bondsto collect a periodic income in dollars and not suffer strong fluctuations in prices, mainly because it is an electoral year.

“My position and what I keep holding, and more in an electoral year, It is always being punctually dollarized. With the decline of the dollar, today it is essential to go to instruments in dollarspreferably corporate debtwhich is less volatile than any sovereign or another state level, and thus be covered in good quality companies. You have to look for little rate, preferably rates that do not exceed perhaps 7.5% per year, and in frontline companies, and preferably as diversified as possible, “he said.

Meanwhile, Gustavo Gardeyco -founder of Bull Road Investments, explained that there are also reasons today to bet on BOPREALESthe titles of the Central Bank in dollars that in recent times lost prominence.

“The view with respect to the wallets from now on is all that they are BOPREALESthat today they are giving you above 10%, between 11%and 12%. They are still a purchase opportunity because we are now taking away short -term payment risks For this Shot of US $ 20,000 million that is proposing the US, and surely we will have some novelty about it. In addition to the Treasury, it is buying dollars for block trades in the market. It seems quite obvious for the rebounds that the exchange rate and others are having, obviously taking advantage of the liquidations of the field, “said the executive.