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During 2021, just over 1.3 million investors were registered within the national territory.
Just over 52 percent of national investors do so in short-term assets and cash instruments.
Within the new normality derived from the global health crisis and the armed conflicts that affect a large part of the world’s population, doubts have begun to be generated about the economic instability that could affect various countries, including Mexico, which is why one of the growing concerns is how to invest to do more with your money.
It is estimated that within the national territory, at least until 2021, there were just over 1.3 million investment accounts, this within 35 brokerage houses, a figure revealed by the National Baking and Stock Commissionas of March 2021, Likewise, it has been pointed out that the Mexican continues to doubt the effectiveness of his country’s economic policy, figure that reveals that 52 percent of compatriots invest in cash instrumentsor short-term, and only 6 percent of its assets are allocated to equities.
7 ways to do more with your money
Financial education allows people to make better decisions, to dissolve stigmas, taboos, doubts and stereotypes that surround money and finances, according to the National Commission for the Protection and Defense of Financial Services Users (Condusef), 65 percent of people lose control of their money because they don’t keep track of their spending43 percent make impulse purchases, and more than 42.5 percent spend more than they earn.
One of the best ways to face the various crises is to know the alternatives to saving, which would allow people to increase their assets, this through good investment habits and financial education, for this reason Jimena Colín, Head of Trading at Flink. notes that “In Mexico, most people use their money for two things: spending it or saving it. This is because little has been said about the options we have, such as investments; which causes them to let go of great moments to invest and improve their economic future”; so now these are 7 ways to do more with your money.
- Start saving from the beginning: It should be taken into account that significant savings are those that are counted from before generating profits, since they should be considered as a recurring expense instead of saving only what is left at the end of the month.
- Seize the moment: Today, the shares are below what they are really worth, that is, the market is down and cheap, what you decide to invest at this time in a few months will recover and improve its real cost, having significant benefits for your money.
- Don’t let the FOMO win you: The Fear of Missing Out it is to follow what everyone is doing because it is a generalized behavior, if you are already an investor and you see that everyone is selling, do not get carried away.
- Be aware of your ability to save:To start generating good savings, it is necessary to clearly know what a person’s savings capacity is, since it is this that defines how much of the total income can be invested or accumulated.
- Looking to save in a non-traditional way: Not only is it enough to have a savings dinner, since you must seek to obtain a return when you have savings, since static money is not the best way to save.
- Be constant: Like any project, improving your financial health requires resources based on time, so it is necessary to understand that it is not about quantity but about consistency.
- Be patient: Starting a project, whatever it may be, entails a series of steps and therefore time, which is why perseverance and patience are paramount.
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