The high inflation of recent months is having a full impact on the savers pocketsWhat do they seek different investment alternatives so as not to lose purchasing power of your money. Thus, the big question is what are the most profitable conservative options offered by the Argentine market in recent times.
In this sense, iProfesional took the example of how it went to a initial investment of $100,000 in the purchase of dollars, the placement of a fixed term or the acquisition of shares, in May, throughout 2022 and in the accumulated period from the beginning of 2021 to the date.
It should be remembered that the buying dollars in the official plaza It has a limitation of up to US$200 per month, which today is equivalent to a minimum of $41,400 at the “solidarity” value of $207, in banks and exchange houses, with all taxes included.
It is a price similar to the price of the dollars on the free market, such as the Bolsa (or MEP), the cash with liquidation and the blue.
Also taken into consideration were fixed terms in pesosboth in the version traditional at 30 days like the UVA, which are at 90 days and adjusted for inflation.
Finally, it was also compared to variable income, represented by the index Merval of shares of leading companies listed on the Buenos Aires Stock Exchange, which closed in May with a rise of 4.6%.
In all of 2022, no traditional investment beats inflation. In this context, the best is the UVA fixed term.
The best investment so far is the fixed term UVA
As a highlight of the first five months of the yearit can be stated that all investment alternatives “lost” against inflation accumulated in the same period.
“None of the options that a small investor could have chosen from last January to the present could equal the rise in prices for the period,” he tells iProfesional Andres Mendezdirector of AMF Economy.
Specifically, if on the first business day of 2022 a small investor placed $100,000 in some conservative savings instrument, by the end of May they should have booked an amount close to $130,000 to maintain your purchasing power.
“Something that none of the traditional investment options could achieve. Consequently, it would have been more profitable to apply those funds to satisfy needs in durable and non-durable goodsto avoid losses in purchasing power that can reach 20% of the available capital, as was the case with financial dollars,” says Méndez.
In this context, the investor who he earned the most with those $100,000 was the one who made a UVA fixed term during the past five months, who earned a total amount of $125.944. In other words, he achieved a plus of $25,944 in that period.
Second, one can cite the traditional Fixed Term, which reached an amount of $117.909. An income that in 5 months is 18%.
Finally, the saver who acquired official dollar could get in the whole 2022 around $115.802.
In May, the fixed term UVA, beyond its minimum period of 90 days, was the most profitable investment.
May Winning Investments
As for the short term investments who earned the most last month, there were no surprises in the first place, because the fixed term UVA led the options that gave higher yields.
Thus, the saver who placed $100,000 at the end of April in this instrument that requires a reserve of 90 days, won in all of May around $7,635.
In second placeand already losing with inflation, investors in leading stocks of the Mervalwhose average return was $4,717 last month.
Finally, on the podium in May was the person who bought official dollar (solidarity), who won in all of last month, with an initial investment of $100 thousand, a plus of $4,587.
By far, the worst investment last month was dollar Bolsa or MEPwhich with $100,000 barely achieved an income of $847.
From the beginning of 2021 to date, the UVA fixed term was the most profitable investment. They are followed by the Merval and the traditional fixed term.
Most profitable investments from 2021 so far
As for the longer term, a saver who invested $100,000 a year ago and five months ago, that is, at the beginning of 2021, the results follow the same trend of lower yields with respect to accumulated inflation in the same period.
In this way, The most profitable instruments for the investor who in January of last year placed the amount of money in the example, are, so far, the fixed term UVA and the Merval, because they obtained until the end of last May a level of $192,804 and $181,917, respectively.
“No investment could bend the rise in prices, although UVA fixed terms were again the alternative that came closest. In the antipodes, there are the various definitions of dollars that accumulate losses in 17 months against inflation of up to 36%, as is the case of the blue dollar,” Méndez analyzes.
Dollar and fixed term for what is to come
As for what you can wait for the next few monthsfor this expert “it is possible that we are on the verge of reversing some behaviors observed since last January: UVA fixed terms promise nominal yields above 5.5% in Junea percentage that could extend the victorious results of last May”.
In the coming months, the price of the dollar may overheat and it is estimated that UVA fixed terms will also perform well.
Méndez also notes that the Merval showed a recovery in May, however, it clarifies that the conjunction between inflation and the slowdown in the pace of economic activity “may affect its behavior.”
Finally, he concludes that the US dollar is biding its time to regain its purchasing power, “something that will become more tangible as the weeks of June go by and the entry into the second half of the year is anticipated.”
This is due to the seasonal decrease in the income of commercial currencies, which “will be felt in the official exchange rate and will have a negative impact on the peso-dollar parity of both formal and informal financial markets,” concludes Méndez.