What to do with savings in the face of financial stress in the world?

A new chapter in the trade war between the United States and China has provoked a scenario of financial instability around the world. In this situation, which impacts the local market, investment experts recommend that savers adopt a conservative profile and take refuge in badets that suffer as little as possible from the current scenario.

The dollar has increased in the last 20 days $ 3.90, that is to say, 9.35%. In mid-July, the exchange rate for retailers was $ 42.85. The closing of this Monday was $ 46.68. The American currency no longer appears as a "cheap" alternative. At the same time, the rise of the greenback is framed by interest rates in pesos higher than 50% per year for fixed terms.

Personal finance experts consulted by TN.com.ar they agreed that in moments of instability like this, the most practical is to try to protect the savings and look for the options act as a "refuge".

In this sense, Mariano Otálora, director of the Argentine School of Personal Finance, said that "when volatility accentuates we must look for shelters that are not related to the Argentine cycle. "" When emerging markets depreciate, in Argentina, devaluations are much stronger and capital flows range from investments to "quality" investments, which are more conservative. "

That's why he recommended "to turn to quieter badets such as the dollar, in hopes that this situation will calm down." "With that, you will avoid the Argentine" risk "for this international context and for the electoral cycle, which may be detrimental, otherwise another option is: a metal like gold. It seems to me that it is a moment of prudence and to seek refuge rather than give in, "Otálora concluded.

Flavia Matsuda, research coordinator at the Invertironline portal, said that "for conservative investors, a portfolio is recommended 80% in dollars and 20% in pesos"." The government has the tools to try to keep the currency more or less stable, at least until the elections. High rates remain practical. However, it also plays the international context, over which the executive has no control and which, as we have seen today, begins to deteriorate, "he said. he declares.

For those who are more familiar with financial instruments – which can be managed by brokerage firms but also as a bank customer – Matsuda recommended: "In dollar investments, on the one hand we like LetesBecause they are not so liquid and it is easier to access the primary market (twice a month), we recommend some mutual funds that invest primarily in this dollar letter. "

Finally, Roberto Reynolds, director of Wealth Management in Balanz, said that "it is suggested that the small saver be in dollars, in hard currency". "Either in a Letes investment fund, or in a fund that invests in Latin American bonds and does not invest in Argentina," he said.

The advantage of investing in Letes through funds and not in primary tenders, when launched by the Treasury, "is that you have 48 hours to recover your investment". "Behind, with a minimum capital of 1,000 US dollars, in dollars or pesos," he said.

And for a profile a little more used to financial investments, Reynolds said that "part of the portfolio can continue with a peso rate as an interesting alternative". "But it's a pretty binary scenario, with all the technical error-prone investigations that makes it difficult to see a clear trajectory." In that sense, I prefer to be protected in hard currency"He concluded.