That Argentina is an unpredictable country is nothing new. But even so, with governments that contradicted each other, there was always a paradigm that remained unchanged and it was the way in which Argentines invested their savings: the “brick”, fixed terms and the purchase of dollars.
However, this triangle of options has been pulverized in recent years with the expansion of technology, the rise of a more ambitious generation and the promotion of a new way of viewing the market, in a more global and less concrete way. Investing in the Stock Market thus became one of the most important hobbies of those who want to add extra profit to their salary. What once seemed like only experts, today is a reality that finds its largest number of users in young people between 20 and 30 years old.
“The rise of amateur traders is generational and is closely linked to technology and the emergence of virtual wallets. The combination of these factors is what makes twenty-year-olds today add to their daily habits analyzing the stock market and thus earn extra money,” he says. Virginia Porcella, journalist specialized in economics and author of the book “Feminomics”.
And he adds: “The concept of a paid account was the gateway for younger people to understand that money alone generates money.” What the specialist is referring to is companies that provide virtual payment services in which, by simply depositing money into their account, the user obtains a daily interest of between 1 and 5 percent. And Porcella adds: “It’s called passive income, ‘I don’t have to do anything to generate income.’ “Which is the classic concept of a fixed term but for this generation it is old because it is very bureaucratic.”
To be a trader you need a thorough understanding of how markets operate. Currently, a user can acquire shares, bonds and bills with just a checking account linked to a client account that allows them to operate directly with a broker or on their own, without any intermediary, whether in national or foreign currency (dollar , euro, yen, pound).
Cases
Leonardo is 32 years old, he works in a footwear company. Two years ago he began to study the stock market world and today he is allowed to invest between 500 thousand and 1 million pesos per month. “I started reading and studying out of curiosity until I understood that I could have an extra income. First I watched videos on YouTube, then I began to follow market leaders on social networks and thanks to them I understood what bonds, bills and mutual funds are and what they are for. I took a very important course in National Technological University (UTN) and only a year later I decided to invest my first 100 thousand pesos.”
Within the world of the Stock Market there are principles that everyone should know. First, there is no investment without risk and impatience and the need for liquid money at the moment is counterproductive. Sofía, a 37-year-old fashion consultant, refers to this: “I invest the extra money that I don’t use on a daily basis. You have to be as little anxious as possible and let the money flow. I operate with an Argentine broker called ‘Invest Online’which, being regulated by the National Securities Chamber (CNV)it gives me the security that my money is not going to disappear. And the profit is relative. I prefer to acquire fixed-income bonds that guarantee an annual return of 30 percent, while friends of mine prefer variable-income bonds that give you 20 percent per month but the risk is much greater.”
Cinema has always been an inexhaustible source of films that showed the rise – and in some cases also the fall – of stockbrokers. One of the pioneers was “Wall Street” (Oliver Stone, 1987), while “In search of happiness”with Will Smithshowed the softer side of personal escalation. But, without a doubt, “The Wolf of Wall Street”the pregnant version of Scorsesewas the one that generated the most fans around the world. Isaac Levy is 26 years old and does not hesitate to confess what was the driving force behind his interest in the world of finance: “Watching the film Leonardo DiCaprioit changed my mind. Because, although I liked what I saw, understanding the work of the protagonist of the story in real life, Jordan Belfortmade me understand that, if you are intelligent and bold in your steps, you can progress like no other job.” A year after graduating as a lawyer, Levy details: “I dedicate two to three hours a day from Monday to Friday to my job as a stock trader. I enter the stock market pages at 11, which is the opening, and when it closes, at 5. Sometimes, if I can, I enter in the middle of the afternoon to see the trends and at the end of the day I see a financial summary that some people make. analysts in their networks. The truth is that, before playing Play like my friends, I prefer to win money, even if it is not large sums. For now”.
In the stock market world, amateur investors can acquire shares of any type of company. Their accessibility will depend on the amount of money they are willing to invest in them. In the last year, the shares of Argentine firms gave a lot of returns, while foreign ones maintained their usual fluctuation. Metrogas, Galicia, Edenor and Banco Macro They are the most sought after Argentines. Porcella is forceful: “The best advice is not to invest in what you do not understand. The more control you have of the market, the less risk you will lose. You have to know how to read an action, a public bond. And when you lose money, do a reading of it so as not to repeat the mistake.”
Far from being addictive like online gambling, stock investing became popular. According to its protagonists, the keys are patience and analytical knowledge of macroeconomics.
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