Currently, savings management in Argentina has become a crucial issue due to economic uncertainty. In the face of the volatility of the peso and market and market fluctuations, many savers turn to the dollar as a safe haven of value. dollar as a safe haven of value, but is it enough to keep it "safeBut is it enough to keep it "under the mattress"?
Financial specialists say the key is not to leave money tied up and list the best strategies to ensure that savings are maintained or even increase in value over time.
The dollar as a safe haven: is it still a good option?
Saving in dollars is a strong tradition in Argentina, where the instability of the peso led many to prefer the U.S. currency as a way to protect their purchasing power.
The elimination of the foreign exchange restrictions allowed more people to have unrestricted access to dollars, which generated a significant increase in demand.
According to the consulting firm Eco Go, May was one of the months with the highest demand for foreign currency in recent years. However, specialists warn that simply saving dollars may not be the best long-term strategy.
What to do with saved dollars
Despite the perception that the dollar is safe, the economic reality is constantly changing. Economists point out that the local currency is going through a revaluation process, which could lead to a decrease in the dollar's value in the next months.
The storages offer an excellent investment opportunity
Marcos Victorica, economist and CEO of BAS Storage, highlights the importance of moving savings intelligently. "Those who do not do so can lose more than 5% of their value per year," says the expert.
The key, according to analysts, is to generate returns from savings, which is only possible through active investment.
Diversification as a key strategy
Diversifying investments is the formula recommended by most experts to protect and grow savings. According to Yale University, allocating at least 20% of the portfolio to alternative assets, such as real estate, can be an efficient long-term strategy.
In fact, those who applied this recommendation in 1995 would have doubled their earnings over a 25-year period.
The real estate sector is particularly attractive due to its ability to constantly update the value of real estate. In this sense, Victorica also highlights the advantages of investments in the United States, such as the self-storage sector, which has shown excellent profitability over time.
Opportunities in the current context
Javier Milei's government placed on its agenda the regularization of undeclared foreign currency, which could be an opportunity for savers. Through measures such as a virtual laundering of capital, the Ministry of Economy would allow the use of up to US$ 150,000 undeclared without any prosecution of the holders of these funds.
The global economic context, together with domestic policies, generates a favorable scenario for savers to make more informed decisions about the destination of their money.
Source: La Voz
Marcos Victorica is Founder and CEO of BAS STORAGE.
Company that is revolutionizing the American real estate market by creating a product based on the American economic infrastructure.