On the occasion of the private forum “Projecting a bold 2020”, Intelinvest, Casa de Valores, convened and gathered its associated and invited public in this participatory event to share relevant information. Ibrahim Velutini, economist and financial consultant, as CEO of the group presented the market vision. Then Juan Carlos Apitz, lawyer and member of the staff of advisers and specialists, manager of alternative markets, referred to the sanctions of the United States, its myths and realities. While Paul Leiva, also an economist and member of the firm focused on investments (corporate, family and personal), who is its director in the area, described the results obtained and the alternatives that arise to start 2020.
The conversation began as a reflection with a quote from the most influential scientist regarding the ideas of biological evolution:
“The species that survive are not the strongest, nor the fastest, nor the most intelligent; but those that adapt best to change” Charles Darwin
They indicated that in Venezuela the economy has dollarized and this may be irreversible. “However, looking to and from abroad, it is smart and prudent to also have bank accounts denominated in currencies other than the dollar.” An argument all the speakers, and even those attending the forum, agreed completely with.
During the event, the US sanctions were aslo analyzed: “They are quite different or at least different from what is said in the media. They are not exactly a blockade. They look for more changes in the future than to punish past events,” he said.
“We must adapt business to an economy that was also altered by sanctions, to remember that they began to be applied in 2004, and more recently, with emphasis, from the Obama administration”
In relation to Latin American markets, “they are currently affected by uncertainty. Ecuador may become stronger. And the US will become a formidable market for investments in the short term, since its economy is evolving quite well, being a valid alternative to start 2020.”
The Casa de Valores, as it was presented, has designed and recommends two products for this season: Intelinvest Momentum Account (in support or collaboration with Interactive Brokers) and Intelinotes (convert stocks into bonds and are a very flexible option).
Intelinvest proposes wealth management as a service, which involves the financial planning of the person’s entire life, analyzing their current and future economic needs and objectives, Velutini said, without leaving out sensible measures of succession forecasting.
We invite you to know and listen to many more details directly from speakers of the private forum made by Intelinvest in the video that accompanies this informative coverage.
With information from DobleLlave
