After the severe economic blow caused by the pandemic, it seems that in Mexico everyone wants to become an investor.
Mexicans are looking for a way to improve their income and protect their resources by betting on all kinds of investments.
This was in evidence after Mexican Stock Exchange School indicated that the number of direct accounts in the country grew by 217 percent, to reach a total of 1 million 384,000.
The figure is evident in May at the 400 thousand direct accounts that the investing public had in the country by 2019.
For specialists, this increase responds to a combination between the constant search for savings, improving income and free time. These three factors generated greater interest in investment platforms that managed to bring this investment model closer to a greater mass of the population.
Although the fever around investments is evident, the truth is that among the people who bet on this path to secure their assets, certain fears and concerns prevail.
In this sense, it is worth recognizing some of the findings delivered by a recent study signed by UBS, firms that reveal the main concerns of investors in Mexico:
- Sixty percent are encouraged by potential foreign direct investment, 56 percent by the economic recovery driven by the rebound in the United States, and 55 percent by the post-pandemic recovery.
- Among the main concerns, 61 percent are concerned about the depreciation of the peso; For 56 percent, the greatest concern is the possible waves of Covid-19, while for 41 percent in this area there is the potential drop in the sovereign rating.
- In addition to this, the fact that there are employees who choose not to be vaccinated is one of the great concerns among 72 percent of investors.
- Seventy-five percent of investors are optimistic about their investment returns over the next 6 months.
- It is important to mention that confidence in their businesses is related to the progress of the vaccination process against Covid-19 (76 percent), a higher level of government spending (43 percent) and a monetary policy that encourages investment (39 percent).
Investment is no longer limited to large funds, banking institutions or millionaires: You can also enter the Stock market
In the midst of this scenario one thing is clear, if you want to become a successful investor it is crucial to avoid mistakes in this new stage.
With this in mind, we share three mistakes that every beginning investor must avoid in order to be successful:
Forget your investment profile
This has to do with recognizing how much risk you are willing to take with the investment that you are going to commit in order to establish an action plan. Thus, it is necessary to recognize how much investment has an impact on the well-being of personal finances or on the assets that you have right now.
Start up are an investment thesis
This must be done by the hand of a good advisor and it is necessary to understand how the market in which you want to invest moves, in order to understand the risks and opportunities in a timely manner.
Without spending time
Although there are many investments that seem to work on their own, the beginning investor cannot move forward without knowing the investment instruments available. Although this ignorance is natural, the truth is that being an investor requires investigating, getting involved and stay updated. In other words, it’s about spending time with your money.