It is common to hear that "buying bonds or stocks is a gamble", the stock market is not a gamble. It is a place for investment, a bridge between savings and investment. It enables more employment, better living conditions, and a better path in life.
Moreover, it is not necessary to come from a family of investors: My family is a family of merchants, but it was never linked to financial matters. The Stock Market, for me, has always been an illusion since I was very young, and when I came to Buenos Aires, it became an important part of my life.
I am from the interior of the country, and when I came to Buenos Aires, I started going to the Stock Market, beginning as a tiny, minimal investor, and I transformed into an important investor. My job is to invest in publicly traded stocks, which I study beforehand through balance sheets, attitudes, and what the boards do.
The Stock Market is a bridge between savings and investment
When one has a government like the current one, which has a clear path, those of us in the Stock Market benefit from this type of government.
This is the right path that Argentina has taken. For 90% of my life, I have always lived with governments that discouraged INVESTING; that is, they issued currency and had fiscal deficits.
This government manages expenses, does not issue currency, and this is truly the right path that we Argentinians must take to find a positive Argentina, like the one our ancestors envisioned and that has never been completed.
Why? Because we have had populist governments that were only interested in ensuring that populism was well-received to win elections and did not control the essence of the economy. That is how we have fared.
Investing in dollars is the worst business
I have never invested in dollars in my life, because I believe that investing in dollars is the worst business that exists. It is probably the safest, but it is the worst, because the reality is that the dollar always rises much less than the Stock Market over the years and does not yield profits.
Argentinians have become accustomed to speaking in dollars, thinking in dollars, and spending in dollars. So, what do they do? They save in dollars. And there lies the mistake, because they never make a good deal by being in dollars.
The reality is that the dollar does not even rise with inflation. People assume that it does not lose purchasing power, although the reality is that American inflation, which is 3% or 3.5% annually, deteriorates the dollar.
