Investment in Argentina

[Federico]

Hi.
I live in Argentina, and just wanted to share this (maybe some light research on your part will be needed to verify/deepen):
-State bonds currenty yield 30%
-No risk, short term (30 days) investments in pesos yield 20% in dollars
-Minimun wages are 500usd
-Cheapest new cars costs 7000usd
-Nice apartment studios in Buenos Aires costs 70000usd
-Country Club houses cost 150000 with 200 in expenses.
-Groceries are more expensive than in NY.
-Credit cards charge a 120% in pesos (80% in dollars) to finance minimun payments.
-Presidential elections in August will be crucial for the economy and investments

 

[Federico]

And there Is NO such thing as ALIMONY un Argentina

 

[Lenox J]

I'm considering moving to South America for many reasons like this. First stop is Brazil.

Are you from Argentina or living there now?

 

[Federico]

I am from and I live in Argentina. After visiting both US coasts I realized how huge differences are in real state (MUCH cheaper), investment (much bigger returns), cost of living (same as NY).

 

[Federico]

And I hate Brazil

 

[Lenox J]

What makes you say that about Brazil?

In July I move and want to find a low-cost place to go in full monk mode to work on my health and businesses.

 

[Federico]

Nah, it's really a subjective view.
I understand why Manu people like it.
For me, it has this disadvantages:
-The language is Portuguese. Spoken only there, Portugal and nowhere else. Compared to Spanish, spoken all the way south from México to Argentina.
-Very unsafe, just like México.
-Cant figure good investments there, but it is just my own ignorance. And the language has a lot to do with it.

The good side is Brazilian women are awesome. But they come to Buenos Aires, Argentina, where I live, so...

But you must have made your research, so it will work. Nothing extremely bad.

 

[Lenox J]

We'll talk more this June about where I'll go next.

The aim is to live cheap while I focus on my health and have time to build my business.

Brazil offers that at about $500 USD per month.

 

[Federico]

500 dollars a month just rent or living expenses included? If it is just rent, you are probably getting something big or with a good location or great view, etc.
In Buenos Aires, being somewhat frugal, a single guy can make it with 1000, devoting 300 to rent & electricity. With 1200 you can also afford supporting and using a car daily.

Keep us posted, it Is very interesting!

Anyway, exchange your dollars in a bank and use your debit card in shops. Do not get your cash through your ATM because it will charge a 20%. Also, google for benefits on paying with foreign cards as it Is very common they will reimburse the VAT.

 

[Lenox J]

Brilliant.

I mean a place to live with utilities, 3 meals a day, plus gym membership. We'll see. Stay Tuned.

 

[T11]

thx for sharing
have you deposited in argentina hows your experience ?
us banking is very competitive and is very customer friendly unlike other countries in asia

anything higher than 10% is always going to have some risk
and conversion to usd exchange fluctuation

Hi.
I live in Argentina, and just wanted to share this (maybe some light research on your part will be needed to verify/deepen):
-State bonds currenty yield 30%
-No risk, short term (30 days) investments in pesos yield 20% in dollars

 

[Federico]

Yes, I have. Returns in usd are very high. I would recommend it (not stocks, just bonds at the right Time and other very short term investments like "plazos fijos"), but only after the investor has done an exhaustive research. Note that this advice Is just for 2019.