A ‘Netflix’ for investors

Nextep Financefinancial consultancy firm of which he is a founding partner Victor Alvargonzalez, with a clear reference: “We are a Netflix in the financial industry.” The recommendation of his company, which has more than 2,000 clients and manages more than 600 million assets, is consistent with its criteria: “We are an independent financial advisory firm. We help people save, invest, but we are independentAlvargonzález explains, “What is this independence based on, according to the usual advice of a bank or other specialist firm? “We do not charge commissions for the products we recommend,” explains Alvargonzález. It depends on the commissions paid by the institutions they recommend.”

However, Nextep is based on its model. charge for your service (“we have very reasonable prices,” says Alvargonzález), in work with the client’s bank (“assures them of working with their usual assets”) and stated independence. And he gives an example: “The management fee of a variable income fund costs 1.80% of what is invested. For example, if an advisor has to cut back on proposed variable income funds because the stock market crashed, that means his income. That means people in big houses. means to throw it out”.

The co-founder of Nextep distinguishes the saver from the investor: “Hispanic protector is very conservativeit’s basically bricks and deposits,” he emphasizes. But he recommends mixing it up: allocate 80% of savings to monetary funds or even Treasury Bills, and “if well advised”, 10% to fixed income funds and another 10% to variable income. .

Regarding the average Spanish investor, “an investor with a balanced profile,” he explains, he must take certain risks to beat inflation, “but not forgetting that he wants to sleep peacefully.” That’s why Alvargonzález recommends having a conservative base and allocating 50% of savings to “not fixed income, but instant funds that already seem to be not that stable.” The remaining 50% can be allocated to “30% to stock funds and the remaining 20% ​​to fixed income when rates peak”.

The founder of Nextep gives advice on what an investor should look out for when it comes to macroeconomic variables. “There is a rule. What matters is what central banks do.“, he confirms. “And especially the US Federal Reserve (Fed). If the Fed is in a plan to cool the economy to fight inflation, it’s nearly impossible to make money in stocks and bonds.”

Searching for the new Apple

alvargonzalez points to where the “new Apple’s hit” can be found. “This will be in new technologies like artificial intelligence. It could be in genetics, environmental issues, hydrogen and even nuclear fission.” And how can you get there? “Through ETFs, traded funds. It is a mutual fund that is bought and sold like a stock. There’s a lot of anger outside of Spain, and there’s a tax barrier here, because in a situation like in the United States, where half the people in traditional funds switch to ETFs, banks go bankrupt.”

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alvargonzalez Criticizes current savings legislation: “There is a very demagogic notion that the saver pays less than the income from the business. Well, he has already paid. Normally, people work and save when they have money, because they save after paying taxes. Why do you have to pay the same thing again?” she wonders. And he adds that the real problem is that states are “taking more and more debt, with more debt and more spending, it’s all going to be solved.”

He highlights one of the “disruptive elements in blockchain technology, not cryptocurrencies,” which he sees as “a great idea destroyed by the greed of middlemen” and calls for regulation:normal not bad. Putting traffic lights in cities is not eliminating cities.”