In a context of high inflation, having unplaced pesos becomes a constant concern. Faced with this situation, the question arises of how to protect savings, even if it is at least for a few days.
Stock market guarantees or the so-called “stock market fixed terms” are an investment alternative that consists of lend money to other investors and with much more flexible time frames than a traditional fixed term. Given this, the question arises, What characteristics do they have that differentiate them from a traditional fixed term and how much do they pay?
Diego Martínez Burzaco, Head of Research at Inviu, explained to Ámbito: “They can implement from one day to 120 days that is to say that it is not the minimum of 30 days of a fixed term. The second big difference is that It is an operation that is guaranteed by BYMA which means that if at the end of the placement the person who must deliver the funds does not deliver them, BYMA responds with guarantees, so operation is fully assured. Lastly, the rates are varyingnot as a fixed term, and depend on the supply and demand of that day”.
In general, the terms that operate the most are those of 1 to 7 days and have the flexibility to not have a maturity of 30 to 90 days. At the moment, nominal annual rates (TNA) of 83%, which implies a return in the month of 6.8%. “Yes ok the interest rate is below the fixed termthey can be invested from one day to the next and are ideal when you have to allocate excess funds for less than 30 days,” he explained. Maximiliano Donzelli, Head of Research at IOL investoronline.
With the next long weekend on the horizon, if a bond is made from Wednesday to Monday, with a weekly return of 1.6% and an investment of $100,000, it could generate almost $1,137 of interest.
Another way to compare the performance of a stock bond is against money market funds. A Common Investment Fund of these characteristics It is an instrument that invests daily and shows every day the interest it generated but which, unlike traditional fixed terms, allows access to the availability of money at all times.
An example of a money market is the Mercado Pago fund, which currently pays a TNA of 74.4%, 8.6 percentage points less than the stock market guarantee.
It should be remembered that traditional time deposits with deposits of up to 30 million pesos made by individuals, currently pay a nominal annual rate (TNA) of 97% for 30-day depositswhat represents a monthly yield of 8.08% and 140.51% annual effective, in the event that the capital and interest obtained are reinvested every 30 days every month.
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