Thursday, March 28

Cryptocurrencies, fixed income, variable income, bonds: where to invest in 2022? | Bitcoin Portal

In an economic scenario marked by inflation and high interest rates, Selic rate close to double digits, extreme uncertainty in a presidential election year, what is the best strategy to invest your money in 2022?

Fixed Income

The rise in interest rates brought fixed income back to the spotlight, which became a safe option, again profitable.

In recent years, in a movement initiated by XP, competition in the Brazilian financial market has increased, with a greater number of brokers, which has given rise to several new investment options, mainly in fixed income, which is great for investors.

But with a greater number of options and possibilities, people get more anxious, wanting to know how to choose or if they chose the best application. And this can generate a certain decision paralysis.

The main securities available are: government bonds (Direct Treasury), bank bonds (CDB, LCI and LCA) and private bonds, such as debentures. To understand the differences between them, I like to use an investor’s perspective.

When you invest in the Treasury, in practice you are lending money to the government, when you invest in a CDB, you are lending money to the bank and when you invest in a debenture, you are lending money to a private company.

The main difference between them is risk. In theory, lending money to the government guarantees complete security in the allocation of resources, because the government has a money-printing machine. Therefore, private companies must offer a risk premium (rate of return) above that offered by the government.

And which is the best? This depends a lot on your objectives: for emergency reserve and short-term objectives, which need liquidity without risk of loss, it is recommended to invest in floating and highly liquid securities.

The most popular in this category are: Selic Treasury (LFT), post-fixed CDBs and the famous interest-bearing accounts, which are a kind of CDB as well.

Most remunerated digital bank accounts yield close to 100% of the DI rate, and because they are a practical option, they have gained popularity. The only problem is the psychological effect of seeing that money available.

You don’t have to mentally torture yourself to find out which one is the best. They are all very similar, both in terms of security (due to the coverage of the Credit Guarantee Fund, FGC, up to the limit of R$ 250 thousand per CPF and per institution) and in terms of profitability, close to 100% of the Selic or DI rate. that walk very close together, making little difference to the individual investor.

Still among the investment options for short-term objectives, a very interesting alternative are LCIs and LCAs. As they are exempt from Income Tax (IR), even offering lower rates of return, the net profitability may be higher compared to other fixed income securities, which have income tax withheld at source and decreasing according to the investment term.

prefixed

By investing in fixed-rate bonds, it is possible to know exactly how much you will have when the bond matures.

The fixed rate risk is the variation of its unit price over time, which is inversely proportional to the movement of future interest rates in the country. Therefore, you run the risk of selling these securities at a loss if you need to redeem them before their respective maturities.

The longer the maturity, the greater the impact of a small fluctuation in the interest rate on the unit price of the asset.

At this time, the market offers very attractive fixed-rate bonds, with rates exceeding 12% per year. But interest rates may continue to rise, so prefixing now could mean missing the opportunity to enter at more attractive rates in the future.

An efficient strategy in times of uncertainty is to invest with liquidity and security (securities that accompany the CDI) and wait for a clearer scenario before making long-term investment decisions.

Inflation-linked bonds

Among the most recommended for the moment are mixed bonds that pay a fixed interest rate plus the variation of the IPCA, such as the Treasury IPCA and private credit bonds linked to the IPCA.

It is important to have the application linked to inflation, especially for long-term objectives. This factor gains relevance in Brazil, which has a history of high inflation.

The continuous and generalized increase in prices means that all people have less purchasing power. Therefore, this investment ensures that investors have the same purchasing power in the future, in addition to paying a fixed interest rate.

For people who invest with the aim of saving capital for retirement, paying for their children’s college or with the aim of buying a property in the future, this investment is a great option.

It is worth remembering that inflation-linked bonds have a fixed portion, which causes bond prices to fluctuate until maturity. But this effect can be mitigated through regular applications.

Variable income

Among market analysts, there is a consensus that companies are priced well below what they are worth, especially when prices are dollarized.

It is worth remembering that this is an election year and the fact that it is cheap does not mean that it cannot be even more. If you decide to venture into the stock market, you need to be prepared for volatility and high emotions.

cryptocurrencies

Bitcoin is a great alternative for portfolio diversification within the global political economic scenario, where several countries around the world have turned on money printers.

But it is important to be careful, not to put all your capital in this sector, as it is a very volatile market that can cause significant losses in the portion that is invested.

About the author

Marina Luz, CFP®, is an economist with 8 years of experience in the financial market and worked at Itaú BBA. He specializes in personal finance and maintains the YouTube channel more money, on financial education and investments



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