First of all, it is very important to determine how much capital you want to invest. The most recommended by analysts is to divide the capital based on what you need to live and on the other hand, what you need to invest with a medium and long-term goal.
The second of the tips is to define your profile as an investor: if you are a more conservative, moderate or riskier investor. Conservative investors tend to opt for strategies that allow them to safeguard capital even if that means sacrificing potential returns. For their part, moderate investors tend to incorporate a little more risk (in the form of a higher proportion of equities in the portfolio) and aggressive investors a much higher additional percentage.
Investment for hedging
From the IOL Invertir Online Consultant They suggest some alternatives in the local market for short-term investments, taking into account the macroeconomic variables for the coming months. Taking into account the inflation outlook, “it is essential to position yourself in instruments that have hedging against it.”
Adjustable for inflation
The first of these are CER bonds. IOL’s recommendation is to acquire the TX22 bond that adjusts its capital based on the variation of inflation plus profitability. Variable rate instruments can also be used, such as the AA22 bond that, although it does not offer coverage against inflation, has a yield that exceeds the expectation of the CPI.
On the other hand, Nicolas Lo Valvo Senior Analyst of Investment Ideas Balance consulted by Ambit suggested the Balanz Fund. This option is similar to a fixed term but with the advantage of being able to redeem, totally or partially, the balance without being subject to expiration. Another recommended option is the Balanz Inflation Linked Fund that has returns similar to or higher than inflation and is for those investor profiles who are planning an expense in the medium term and want to hedge themselves.
Pablo Haro, Personal Finance Manager of SBS Group recommends two options according to the investor profile. If the investor’s objective is to obtain a yield in pesos in an investment horizon (term) of less than 12 months, they advise using investment funds with yields of up to 50%. For example, SBS Renta Pesos FCI, which achieved a direct return of 4.1% in the last 30 days, which is equivalent to a TNA of 49.50%.
Santiago Abdala, Director of PPI affirms that this context is difficult to invest in local assets until there is greater certainty about the agreement with the International Monetary Fund. In that sense, there are also options for the long term.
Long-term investments
An alternative recommended by IOL Invertir Online is to build a portfolio made up of local assets such as CEDEARs, which are assets that represent foreign stocks that can be traded from Argentina. With these instruments, in addition to allowing investment in securities of the most valuable companies in the United States, they also provide the advantage of being linked to the CCL dollar (which today is trading at $ 210.77 for purchase), providing coverage against increases in the financial exchange rate. .
In this sense, CEDEARs of the “holding” type that invest in different companies are attractive, giving exposure to different sectors with the simplicity of investing in a single asset. Some are:
- Berkshire Hathaway (BRKB): A renowned Warren Buffet company that invests in insurance, utilities, energy, transportation, manufacturing, retail and services.
- Technological: IOL Invertir Online recommends Facebook which in recent days announced its name change to “Meta” and the reconfiguration of its business to the development of the “metaverse”, a concept that refers to virtual reality or augmented reality.
However there are other options. For Santiago Abdala from PPI “With the new strain from South Africa it is interesting to be cautious to see what the scope may be to see if it can generate a slowdown in the economy or although in the battery of elements to combat the coronavirus they will make the answer different than in 2020. In that sense, he proposes actions such as Microsoft or Apple that “during the pandemic had very good results.”
Grupo SBS completes the list of technology companies with Amazon (AMZN), which “advanced 8% in the year and has been growing very strongly especially in the cloud business”. Mercado Libre (MELI) is added that despite falling 25% so far since 2021 “its business maintains a renewed momentum in all areas” such as the recent incorporation of cryptocurrencies.
CEDEARs are an alternative for those who wish to position themselves in stocks avoiding local risk and expanding the universe of alternatives. In the case of Balanz, those cloud services companies such as Nvidia (NVDA), Visa (V), Adobe (ADBE) or Paypal (PYPL) stand out.
Finally, Balanz recommends for those investors who wish to position themselves in hard currency, to do so through Argentine corporate bonds in dollars. What are the benefits? first, they can be purchased in pesos as well as in dollars and the future flow is charged in dollars. In other words, both the interest payment and the return of the principal are charged in dollars. This makes them a good dollarization tool for those who have available pesos.
Some of the options in corporate bonds are:
- Pan American Energy 2027 and Arcor 2023 for conservative profiles: 3% yields.
- Telecom 2025 for moderate profiles with yields close to 6%.
- YPF 2024 or YPF 2025 for those with less aversion to risk with returns up to 11% and 14% respectively.
The least recommended investment so far
For Santiago Abdala, Director of PPI “it remains to confirm what is related to financial companies, which would benefit from a mild effect of the new strain of coronavirus and would be severely punished if we had a blow to economic growth.”
Regardless of what you choose as an investor, the important thing is always to diversify between the assets in which you are going to invest. Warren Buffet raised in some of his seminars the importance of “not putting your eggs in the same basket”, which will prevent a fall in one of the assets from affecting the performance of the portfolio as a whole.
Source From: Ambito
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