The creation of a client account, the discovery of instruments such as Common Investment Funds (FCI) or even the choice of a broker sometimes becomes somewhat chaotic and difficult to incorporate into daily life.
In fact, the fear in those who want to start in the world of finance arises from the lack of financial education and the economic political ups and downs.
“The best time to start saving and investing is today,” says AdCap Argentina’s financial advisor. Mateo Pronzati, and stresses that the important thing is to know the risk profile, be clear about the investment horizon and understand how each product works.
Pronzati says that, although Argentina has a chronic macroeconomic imbalance, at the local level financial products are offered that take into account the aversion to the exposure to which they turn savings to the market.
Even so, it will be necessary to have the help of an advisor to understand the country’s context and its influence on the liquidity of stocks, bonds, among others.
The professional will be able to help put together coverage strategies (conservative profile) or directional strategies (aggressive profile) according to the preferences of each one.
For the CEO of Mujer Financiera Sabrina CastelliThe sooner you start saving, the more benefits you can enjoy. “The key is to save and then learn financial education issues, to understand how to safeguard savings”, says and clarifies that, once the habit of separating a sum of money has been taken, in the future it will be possible to invest and generate interest that will increase the capital.
“It is a myth to wait for the elections to start investing. People must start as soon as possible. It does not matter which country you are in, the important thing is to have an early planning that allows protection against a possible crisis “, sum.
The cost of doing nothing
Many Argentines still consider that putting the dollars “under the mattress” it is a correct alternative for savings. But it is important to put the money to work -for as long as possible-, to be able to beat the inflation.
“The opportunity cost of doing nothing is very high. Beyond the fact that the market offers negative real rates, it is very expensive to have the money stopped “, mentions Pronzati and agrees with Castelli, who argues that “We would lose every day the possibility of increasing our assets, if we did nothing.”
“I tend to think that the concept of keeping dollars under the mattress has to do with the fear that Argentines have about banks. They feel safer this way, ”says Sabrina, also a technology entrepreneur from Felicity, the application that allows you to manage personal income and expenses.
Taking into account that the money kept “at home” will have less purchasing power over time, from AdCap an FCI is offered that prevents this from happening: the AdCap Income Dollar, which has a diversified portfolio of fixed income instruments in dollars, yields between 2 and 3% per year.
Those who meet a moderate risk profile and want to obtain profits in the medium term, can access AdCap Income Dollar. Both the subscription and the redemption to be made, will not have any commission.
On the myths and beliefs around silver, which do not allow proper management, it is recommended to learn financial concepts about how money works, how to define a savings objective and how to put together a diversified strategy according to goals.
Source From: Ambito
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