What does the purchase of the dollar bag consist of?
- Purchase of an Argentine bond denominated in dollars with the pesos of the account
- Sale abroad of that title to obtain the “green” and credit the account
- The client must not carry out these steps or be aware of the 24-hour parking to complete the operation.
By using an A&C, the benefit is that the user only decides the amount he wants to buy and the application performs the operation automatically. Some of the most popular platforms are: Balanz, Portfolio Personal Inversiones, BullmarketBrokers, Ualá and Reba among others.
2. CEDEARs
Argentine certificates of deposit (CEDEARs) are “fractional shares” of top-tier firms listed in New York and can be purchased with pesos on the local market.
Thus, the funds are automatically converted to counted with liquidationwhile at selling is the reverse process, at the price at the time of sale in pesos, although there are platforms that allow withdrawal in US currency. Some of the considerable advantages of this instrument is that it allows coverage of a possible devaluation, some companies pay dividends in dollars that reach the investment accounts and with the rise of the stock on Wall Street you can earn in dollars.
3. Bonuses
In fixed income and for an aggressive investor, the best strategy is bonds that give a fixed income in dollars – generally semi-annually. For experts, those issued under New York legislation and due to their low price are a good option.
4. Mutual funds
Another way to invest pesos and convert them to dollars are the Common Investment Funds (FCI). In this case, decision-making is delegated to professionals following a specific strategy.
The FCI bet on different sectors(real estate, energy, etc.), continue indicators of strategic companies, invest in coins, and so on. In this way, they allow diversify the bet and reduce risk.
Source: Ambito
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