We have a friend from here from the house invited to Luis Serrano today.
He' s got his Twitter account He talks a lot about economics. I
was talking these days about the profit partition division of a company that is listed
on stock exchanges. Here, in Dominican Republic, the same concept is used
as in the United States, when they call on listed companies and people can
invest or buy shares of companies, public companies. Yes, yes, it
is the right term public enterprise, although it creates confusion because I tell you
that a company becomes public and you maybe think that the government makes it state
property. Yes, exactly. Yes, because in Latin America, public enterprises
are state- owned companies, but the correct way to call these companies are
state- owned companies. Right, yeah, yeah, yeah. The right
ones would be state enterprise. And for companies that have publicly available shares for
everyone to buy, then they are public companies. The public companies, then
the private ones are the ones that have only one owner, a group of
owners that among them is that they are divided of the shares. Right.
An example of private companies that is Dominican republic, Tijito the immense marinade.
This is a private company. In essence, all but that Caesar Churches correct
church. The idea of private public also has a lot to do with information.
For example, if I wanted to see the financial statements of this company.
I couldn' t see, I can' t, but those of
c that Church, if everyone can give them, are public accesses for everything.
It' s ok because as it' s on public offer to invest
in it. Yes correct, because in what is Dominican republic. The issue
of stock exchange investment has grown a lot, there are stock exchanges, etcetera.
Luis and people alike, they kind of don' t understand much about
making a stock market. It surprises me sometimes when I talk to friends who
have their jobs in the United States or who have businesses and say independent activities
and say good Alberto, I earned five thousand dollars and with such an application
I will see to invest in Apple this month. Yeah, and that'
s how easy it is for anyone to sit with you and explain to you
that I know you won a hundred dollars for five thousand dollars a week,
a sheath. So and it' s not that common here is that you
can only attribute. It' s been like a global trend. I understand
it' s been a big part of the pandemic. People are locked in
their house and objected to all those platforms. For example, there' s
a specific one in America, I think it' s called Robin Hoo,
something like that' s great success, all the vito, great success during
the pandemic and making it easy for people and people locked in their house,
because one, it' s a way to produce in quotation marks. So,
in the case of you, you were asking something that I don'
t see very well and maybe because of the custom and most of the person.
It' s also about the investment in stock market, because when you
talk about investment, or that I' m going to invest in the stock
market, Caesar exactly. I invest, for example, I buy five thousand
pesos of action obligations. I want to see six pesos, for example,
a month at the and if I can' t get out of it for
my account over its rules, that' s doing the actual ones, you
can. Suppose you want to see yourself in any company. Suppose you want
to invest in the corner pallet, assuming it' s a public company and
you buy the stock. Today, every action of that company is 100 pesos
and tomorrow people understand and that more than a hundred weight, section should be
worth 120 pesos. Technically you earned 20 pesos. If you sold it,
you' d earn those 20 pesos. It' s a way you can
get money or you can wait for the end of the year to come,
for the paletero to gather all his money, so his accounting and I said
good. This year I earned four thousand pesos. If I am going to
divide them among my shareholders, which is what is called dividends, then you
do not have to sell the stock for you to make a profit, because
it is understood that at the end of the year the company will distribute what
is given to it at the exact end, exactly what is the difference between
the banks and in this case, a listed company, because I also saw
the news that a bank of the commercials of the country or of the largest,
divided among its shareholders, dividing by twenty- six zero and peak of
millions of pesos, if the second largest bank, the second largest bank in
the country. But what is the difference that there is between a bank and
like but a bank and how it can become shares of a bank and not
then I, who goes to the Stock Exchange, see how the shares are
flowing, how they have behaved in nine ten months of that church and that
I am going to invest or in this bank open a final certificate There are
differences, yes, it is significant between one type of investment and the other,
between one type of shareholder and another type of shareholder. Yes, in
the specific case of banks. What we talked about at the beginning is that
information is public, not public. Banks have all their public information. You
can come in. As they are situations regulated by the superintendency. You can
enter and they have public information, they have liquidity ratios. You may know
how much to have the popular are You may know how much the popular has
their bank account. All that information is public. You can see her.
The main difference is the moment you want to invest in that company, because
in the case of that being churches, all you have to do is go
to a stock market, say good look. I want to invest in making
churches and you be the diligence this has the money. Trust me that you
will get to invest in that to make churches in the case, for example,
of one of these major banks of country. Some have as websites cannot
be registered and in case some of the current shareholders want to sell their shares,
then they call people. Ah, well, look who' s full
and I don' t want you to come and they' re calling you.
But it' s kind of complex, because there you are, they
' re long, I mean, they' re very large institutions. There
' s a lot of people interested. Not sure. If there are people
I once heard and found it odd, says since you have a financial certificate
invested in was a bank, you are already a shareholder, the standing bank
where you stand and the bank bar you win. That' s information or
it' s not distorted. Yeah, it' s totally different, I
totally heard it repeat that and I don' t know. It didn'
t make sense to me. In fact, imagine out like that, that
would be the easiest thing. Imagine a bank breaks down, right, the
bank broke down. I don' t know, I hope it never happens,
right,' cause it' s already happened to us. We have
experience. You were still a child, but I can tell you that I
passed the decaden. Yeah, yeah, terrible. Yeah, a bank breaks
down. What they do is they start, they declare bankruptcy and they start
selling all their assets, their offices, everything they have. And with that
they begin first with the money they manage to raise to settle debts. That
' s the first thing. With an institution that breaks down it has to
make it pay off its debts because your bankruptcy because you say well, I
can' t pay my debts. Then give me a chance that what I
' m carrying I' m getting money and I' m paying you here
and paying there for a certificate. The person who invests in a certificate is
lending money to the bank. The moment you open the I D to the
bank owes you then if the bank breaks down, the money will first be
returned to the person who has certified. First of all, those are the
first certified accounts and I save all those kinds of things that are what there
is maybe a maximum amount. In fact, version like this is a change.
I mean, the accounts are secured, they have an amount of insurance
on the part of the law, but if the institution broke the first thing
they would do with the money would be to give back the money to the
people they owe after the whole list of people, people who have certificates and
other mass people is gone, then, if there is more money, it
is shared among the shareholders. I mean, we' re talking about risk
level being the oldest. The action is much more. They' re from
a bank that have a certificate in a bank. Now, this bank in
question that we' re talking about announced like twenty- six, twenty-
five billion pesos in profits. That' s all everyone, of course,
and that' s earned by the one who takes the risk. But the
shareholder of a year of correct commercial operation is said to be and this is
finance street economy. For example, there' s a limit for a person
who saves in a bank, right, there' s a limit for you
to become a saver for that bank, so it automatically becomes a shareholder.
For example, two hundred million pounds. I' ve got a equibanc.
You' re already a shareholder. No. No, I understand they'
ll treat you better You' ve got two hundred million pesos. They'
re definitely gonna give you like a plate that alone hundreds million makes you bigger
possibly what' s wrong with you. How it happened to some of our
acquaintances who called him. He got a check. What' s the name
of this check from us. We don' t want to do that business
with you. Go somewhere else that doesn' t smell ugly to us.
This looks at the legitimate business. What happens is that we were seeing a
lot of money at the time on this investment issue. Peter asks a question
that gave me another doubt. Also since we don' t have so much
knowledge on the subject in the financial field, it can lead us to believe
that investing any amount is going to you multiply that amount in a certain way,
that is, at what point and at what type of investment it is
advisable to invest a certain amount. Let' s say, I have a
million pesos and I want to buy shares of the only public company and now
it would be a would be. My expectations could be real and I understand
that million pesos is going to turn me into two a year. Or they
' re too high expectations. Of course or if I buy an apartment or
what I' m not seeing and that I bought it in a million to
three years, it' s worth three, that would be a good investment
expectation. Which one it should be. From whenever, you must consider some
kind of investment for your power, your money. Betting your money on those
investments clearly looks at the end the banks situations that offer over- investment options.
What they do to you is this. They say well, this investment
is very little risky. I' m assuming, as a bank, most
of the risk. So, the interest rate that I' m going to
offer you the return on that investment is going to be very low, because,
I mean, what are you putting in here nothing money. But if
you lose money, because I think it' s vital, the u is
important, it' s important. Risk is the key part. So,
understanding that there are more risky and less risky things, so probably the most
risky thing, has the chance of art a higher performance or a greater loss.
You have to balance the ideal would be to invest more money where you
have the lowest level of risk and where there is a lot of risk.
Digas crypto vietcon coins of others. It' s investing a lot of money
if the risk is too high, that you' d be quiet. If
that' s lost tomorrow. There' s ok and I mean, I
have fifty thousand dollars and I put two thousand in exact bitcoin to see if
in six months they become five or six thousand. It would be a sure
bet to say something in poque, but if you miss the$ 2,
000, I won' t go bankrupt or anything like that. It is
also important for you to be who you are as a person, because,
for example, a person who is sixty years old who may sell an apartment,
is already retiring, no, has no plans to work anymore and is
looking for what to do with the money. You might want to invest all
that money in a financial certificate. One hundred percent of the money gave it
a quieter risk. You know what you' re gonna earn every month without
any problems. Instead, if you are a younger person who may know that
you have time, if you lose the money you are going to invest to
get them back, you are going to keep working, then you can invest
in other things that are more risky, but it can give them a better
one. There' s a part we' re talking about with Luis Ra
No. He' s a trained boy. I say boy because you'
re so much younger than I trained in. I know that you may be
eighteen years old from the boot, call it a boy. I have formed
very solidly on the subject of economics, investment and all these issues and we
invite you to talk a little bit about this matter because on this subject,
Peter, to go with you, you talk about risk and I want friends,
especially my friend Daniel, who is listening, to understand that the greater
the profit, the greater the risk always and if she is a cousin or
a friend who tells you with that that that all those four million I am
going to make you in eight. It' s just that he' s
going to have it with the four million, not that he' s going
to share it with you in eight, which is that he' s going
to give you four million Pa thirty first, but you' re going to
give him the same eight million and he' s going to leave with the
eight. So that works. Look, that doesn' t fail. Not
buttered, a buttered one. The case of the girl I' m talking
about my friend Luis Daniel, who was the one who I told the mud
millions of pesos, who they call Corripi and who was right. Botellona worries
that there is no reason why Luis Hermano said something that I think we take
into account, sometimes out of ignorance, sometimes out of good faith, sometimes
out of confidence. And it' s just that you never ask what'
s the risk of that coming out of us. And there' s a
number that allows you to calculate that if in the end, the ries is
a clear equation, the risk, in theory is the chance that the result
that I want isn' t met. So, for example, in the
case of butter, butter. Think of this as they' re trying to
seduce you truth, like they' re trying to ride. So for me
to ride you if I' m very ugly I have to have a murderous
cotorra, then my cotaro in the case of investments is the return I'
m going to give you. If I know what I' m doing is
kind of doubtful, unsure, and that' s what I' m going
to offer you, double the banker' s salary and that' s going
to be my great offer of fun. I know that in that you say
the risk of mine, in that type of very high actions, not everything
that gives, everything that gives hears, that is, the average effectiveness in
quail is zeroness plague that you know that in recent times a word has been
put in a way. I don' t know what he' s gonna
say, because I don' t know what that is either. But there
are two things. There is one issue that they call a tax haven,
yes, and there is another issue that they call a fida incofin. So
you, I repeat, you don' t know what I' m going
to answer and I see it as cat soup. First, what is that
and, second or when it is recommended to do that kind of thing.
Well, look at the first part that comic sufi is that, well,
let' s start with the look right there, right there. I'
ll ask you a question. Oh, don' t forget. It has
to do with something the President said about something he was accused of, and
he explained a reality, which is a problem of the law of the Dominican
Republic. To continue on and a tax haven, a tax country. In
theory, to make a fully functioning tax haven, it should fulfill three things.
First, whether taxes are zero or very low, so if I have
my money there, I know that the government will not come tomorrow and will
say fifty percent taxes, I will have to pay all my money to the
state. I should be number one, number two, sure, that I
know that I have a stable government, quiet, that there is no revolutionary
leader, that I will expropriate what, whatever I am going to buy,
that I am safe and without any problems. An island allays a sheath like
that, but there are banks specific to that. In countries in parís or
fiscal countries there are usually specialized banks, but the number three, which is
the one that is most valued and I think that it is on the way
to what you are going to ask me is that there is confidentiality that,
for example, something that is very common in fiscal parísos, from banks tax
is that the accounts do not have names of people. I mean, if
I open an account in the fiscal paríso, there' s no account of
Luis Erran' s man. There' s an account in the name of
nine hundred six, five, eight or ninety fifteen x. So I all
sign it nine, six one hundred and eight n one thousand fifteen x.
My name doesn' t appear anywhere, and that' s something people value
very much, because imagine, Switzerland has that secrecy Andos rapas the same two
other countries in northern Europe and Asia as well and like me, I withdraw
my money without me your number number, you have an assigned number, that
you have a document that certifies that it is you. But then, seeing
a few days ago to put in contexts, Roberto Rosario made an affirmation of
the President' s fortune and he, in his statement, stated that he
had more investments in virgins in one I don' t know what, and
the President, in a very calm way, responded. I know that what
the President is saying is just as it is, because I have friends who
have the same operability in their companies. He says that the issue we have
Dominican Republic is the law of societies. What prevents them from actually operating in
some way from companies like those they need, etc, to buy from battery.
First of these things. The point is that he was talking about what
there is for, for example, war in the state, from the work
in the United States, it allows and gives you ease of your power to
create island societies, virgins, Panama, etcetera. What a difference there is
between what he points out is that I set up a company in Panama,
but my purpose is to buy him clin that was a company in Turkey or
China or wherever it is for me to make cements and make it easier,
because from Dominican Republic I find it more difficult to see what you are talking
about. What you mentioned at the beginning is a question of entrepreneurship already of
me looking for the way to be able to do the easiest thing in order
to complete the end that I have with my company that in this case totally
legal, as it can be in a cement plant. The original thing we
were talking about is more. For example, in this country you can see
a lot in great family fortunes, people who have money from a long time
ago and those who come to inherit it because in the end it seemed to
think here we have passed dictatorship, then we had Juan Bosch briefly coup d
'état, war of April, we have had a President who has committed
suicide. There have been great periods of instability. Then we had more or
less stability with Balaguer and then the Peledé came with more or less stability and
then we had to see from a bank and there have been many strange things.
Passing through the Dominican Republic, which can more or less destabilize those great
fortunes then, what they are looking for in the long term, is countries
that allow me to have, first, my safe money, an exact plan,
my safe money. And second, no, I' m not staying.
And second, if in these periods of instability one never knows what can
happen, there can come a revolutionary leader who decides ah idel Castro, as
in Cuba, who decides to take away everything he has in Venezuela from all
of us own and in that case it is good for me that no one
knows what I have to keep low profile, not necessarily with bad intentions,
not necessarily with the intention of avoiding taxes, because, in fact, that
is not evasion, it is illusion. Yes, and here, here,
in the Dominican Republic, most of the so- called state revenues come from
large taxpayers, that is from large companies, that is, large companies pay
most of the taxes. But we can say that big business is maliciously taxed
in Dominican Republic, because most of the state' s revenue from tax matters
comes from large companies, not small small companies, but from large companies,
but from issues of protection, without being able to think in the long term.
And, as I tell you, it looks more common in people who
have money from a long time ago, as they went through all these processes,
because they try to look for these places where their money is safe and
secure. There were these days they were also talking about pite asking you about
that, about the handling of the amount of hydroca has been handled in these
four years and there are many people who may not understand that it is a
budget of the other thing, that which encompasses the entire economic operation, in
this case, Dominican Republic of the style. Peter' s question seemed interesting
to me, since he did come out as well as not, as long
as they didn' t see it, since he came out that we can
understand a little better all these issues for example, a boyfriend at the end
of last year the budget is not missing little of a three billion weight when
you talk about all that, when they say about budget what they mean,
that' s the money that encompasses the entire Dominican economy, or that'
s the money that the government sees itself in slamming to spend. It'
s the money the state expects to have to be able to spend in the
period they' re making the budget. I mean, it means I have
it, but they expect to have it, because within the budget they say
good. We' re planning on taking a loan with a guy, taking
a loan with a guy like that, and we' re going to get
so much money from tax. So that in total is going to give us
five million million pesos and with that we are going to be able to do
such and such and such and such. I mean, it doesn' t
mean they have the money, but they say good. We hope that by
the two thousand twenty- four other we will have this amount of money available
and that will allow us exactly. I know that in my house 100%.
If I budget an expectation of budget. I make a budget every year
and he gives to me he owes me so much, he owes me so
much, he owes me his tanejo. And if and if Fulano pays me,
he pays me, he seems to let me go to travel with the
credit card and it' s six months. Neither of the three pays me
exactly and I cross and make the state. There the state doesn' t
go and borrow a loan and finance with a platamo and I do it already
and I do it to solve the ship' s card of belief If it
doesn' t compete, I hang a true example very involved. Yeah,
yeah, yeah, yeah, complicated. I use another system or I save
later I travel I have used you another system. I' ve got him
which my wife has to be the same, which is what you' re
organizing so you don' t get into debt. And Yam is a vaitation,
a problem does that, but that too you basically have a company and
armed you. If you don' t carry is a company, you know
what the problem is or you don' t handle blan rador and all you
know that the problem that you have kndos deals lobono before the profit comes,
before you get the company' s performance, because for one you get a
few smokes on the weekends with how much you haven' t earned. It
' s true. That' s bonus. That sheath that if the one
I don' t get two thousand pesos is a rat. The luis arrived
and there is not two thousand pess a good ratrero the Luis. That'
s bad management of personal finances. There' s totally a jaraca video.
I think about two thousand nineteen says a hundred a year I don' t
buy a tower, calls water kill, I don' t turn around,
they' ll let me. It didn' t come the year and pulled
shoulder. The tower, the tower that' s there on the Sarasota with
Horrible Wington Churs and it was McDonald' s side. Terrible. Well let
' s put it on to have big dreams version. He had it,
uh he had the, no, he had the desire. The desire did,
because the vision took a plan for that to be fulfilled. They'
re not that either. That' s like wanting to hit him a hundred
percent. In the end, I know that you mention aberto of your first
rar and then doing it would be the ideal thing. I mean, in
the end you should have the same thing to get in the mess and not
the best thing to go on the road making free. Thank you. We
' re talking to him that there' s just that you get curled up
look at what a bank does. When they say they' re arresting you,
they won' t lend you. They determine if in the future you
' re going to have enough money to be able to pay him the loan
they' re making. So, deep down, the bank' s loan
is like an advance on the money they understand you' re going to receive
in the future. That' s why, the more money you have frogs
that bank, mate lend yes, exactly yes, they also need to lend
it, because those rooms owe it. I' ll get it from them.
Eh is as it is, as it is as they look forward and
say good. It is likely that an exact flow Alberto will probably have from
here in thirty years. He' s going to have six million pesos,
so it makes sense that I lost him a hundred million pesos. For example,
it' s a house for thirty years and they lend it to you.
There' s something that has to do with the issue of personal finance,
which strikes me, and you and you just mentioned it in part,
that is, and you' ve seen it a lot now, because here
we have companies operating that from Dominican Republic and it' s financing the one
who has the possibility to make money but has no credit. Yes, yes,
that and that leaves huge profits from Echados Unidos, in fact, entrepreneurs
who are hearing tremendous bargain business in gringo flat, in fact, in the
United States. That' s a business that' s the business that'
s breaking the money that' s moving. That because credit has become everything
in countries like the United States, in many countries of Europe and the Dominican
Republic it is becoming equally a vital issue, that credit score that of your
behavior, that you have with your finances and financial products and all the pods
that look at each other. But there are people who simply have no credit
because they are not or are old enough, but they produce a lot of
money. Or there are people who have had a bad administration, already recovered
from that, but still does not generate confidence. Country lends a lot in
the field, especially that which is in the field, that which is in
the field and is dedicated to the field, because it usually handles a lot
of money. But maybe he doesn' t have that education of being vacated
and having a credit suit and going on credit, because then it makes it
difficult for him. You' ll have access to loans. There' s
a Dominican who doesn' t remember the name and it hurts me not to
remember the name he' s doing just that in the United States. He
has a company. He' s doing extremely well. Extremely well, that
is, in fact, I think these days it has started to sell the
company for millions of dollars, that is, in case of Dominican success here
from Dominican Republic. The boy' s what he does is look. He
realized that the people who make uber, who make those kind of applications do
like taxi tax, but half casual they drove a lot of money but they
didn' t usually have access to credit. So, that' s what
he said. Well, if these people handle daily money and generate daily money,
that is, or produce daily money, I can make them credits,
even if they are small loans of money that I understand that they can be
earned and I know that they will pay me, because they are gerando and
they are dedicated to uber and that much chordido. Excellent, excellent, excellent,
because in the end it' s that, I mean, if I
' m organized, it' s organized and he and he came to that
conclusion. And there' s a great opportunity to do that here in the
Dominican Republic. So, if someone is listening and has a chance to do
what I love you, what we' re talking about, it' s
not if you burn butter. Nothing to see? Nothing to see? Nothing
to see? Nothing to see are formal business in America. Of course I
know and I have read that for you because of the risk it represents,
let' s say I lend you a thousand dollars and I tell you you
have to pay a thousand five hundred. The time that he will receive two
thousand five hundred, says well, in the time that I will pay him,
I will make four thousand five hundred. With that thousand dollars, I
mean, I' m paying the five hundred he charges me what he lent
me and I' m earning two thousand five hundred dollars or four thousand dollars.
It' s worth it. One hundred percent, one hundred percent.
There was and was running to work with the money of another exact. Here
was once that I don' t know if they still have it. Something
looks like the banks when they saw that you had a lot of finger either
me or strong to make you a project, a consolidation, those debt obligations
and they all paid you off you recommend, that one hundred percent. In
the end, if you have many debts, imagine that you owe for a
credit card. On the other hand, you may owe an exact loan,
a personal loan. Or maybe and also adn over, that has a loan
with a lender that you took one day to resolve a matter and altogether you
come paying. Imagine that in total you owe the money you borrowed that you
received was 1, 500 pesos, but this has fifty percent interest bonds.
Then the bank. What it tells you, is, is that you'
re paying half of what you borrow every year, that is, maybe the
bank wants it crazy. What he tells you is look. I' m
going to lend you enough money for you to pay off all your debts and
make me money that I' m going to lend you. I' m
gonna give it to you at ten percent or eight percent. Then you still
owe the same, but the interest you pay is much lower. They standardize
it in a cube, adapt it to your ability to pay more or less
so that every month you can pay. And you' re starting to look
like everybody' s going down. Opposition is clear to you and stress is
screwing with you. It' s over. We then end with this question
which I find interesting. Says my brother has a million pesos and wants to
put it on a fixed term. He says how much they give him on
a commercial handle or I would create the question for him a sum of that
kind. Where it is best to invest a commercial bank, a cooperative,
a mutualist association. What the expert recommends asks him I always recommend to people
the following, which is sounds a little more complicated than opening a certificate in
the bank, because the bank wants to open certificates, but it is more
convenient for you and after you do it the first time it makes it easier
for you to go forward you see the bank. If you' re related
to some of the main banks, the top three, the one that'
s white, the green and the blue. You can go to one of
those three banks and you say look I want to open an account in an
investment fund. Then I took a service ticket. You sit down and you
want an account in an investment fund, they will put it already in a
form that is very similar to the form that they put you to fill out
when you want to open a bank account for the first time that they will
ask you how many you earn where you work. Ask him for a work
letter again. It is practically the same procedure after you have that account open,
especially if it is an important liquidity investment fund, licaliberia investment fund that
has the peculiarity that you can put in and take out money every day,
and that is generating a return on those funds. Today you are leaving ten
percent, nine percent, eleven percent, which is more what you like going
to get probably on a bank certificate and you are going to be able to
be cassero every day and you are going to put in trardinando every day.
So that money that you' re thinking of investing passes that little struggle of
filling out form in the mida bank that will open your account in the liquidity
investment fund. Pour it in there. You' re going to have your
money available every day, not as a certificate that maybe you have to last
a year to have looks like a year and the profitability you' re going
to get is going to be much higher. That' s my recommendation you
' re looking for a liquidity investment fund. It' s one of the
three main banks. The three of them have the target bank. I don
' t think they' ve ventured yet, but I know that green and
blue guys have it liquidity investment fund, you' re going to be feeling
service comitique. It opens it up and that will solve your life, because
from there all the money that you want to invest above that million pesos or
below that million pesos, you will be able to do directly through that fund
and will leave you a better return than you can leave any type of certifier
and why it is the comparatives and mutualists. No. What happens with those
kind of institutions is that they' re not. I mean, when you
were told at first how you lent him a bank. When you speak a
certificate, you become a bank lender. When you become a customer of a
cooperative, you become a cooperativeist, who is a shareholder in quotation marks.
So if the cooperative has the wrong order of priorities that we said at the
beginning of the first time your money appears, it is at greater risk than
if it had it without a money with the ok things or s communist page,
where here, all of us, if we win, we win everything
and you are lost as a lost brigade, it may be that it offers
better rates, because it is more risky. Hey, they cost that risk
concept later. You see it all like that you and you are giving me
more as to why it will be safe. Here' s a maco or
the risk is greater than the other option you' re offering me. Well,
thanks to Luis Serrano, I think today' s little class won'
t kick me out. He also likes it around here if not, and
what they asked you about sprouting around here in the investment fund exceeds alpha that
if they go to the inverted movie there, yes, 100 percent. One
hundred percent. As I say, I recommend the liquidity investment fund because it
is the easiest to open. After you open it, you come in and
take out money every day. It' s like having a savings account.
In fact, in the bank, in the one of the two banks,
in Blue and Green. I think you both have that chance. You can
see even the money you have in that fund. It' s the same
app where you see the money you have in your bank account. You know
how to have one more account. The only difference is that you can'
t make transfers directly. You have to transfer the fund to your account and
from your account to don you want to enter and that has been sang every
day and the profitability is much higher. I think it gives you any good
tri, because it' s there. I think if you' re opening
your eyes, this is a pay that pays attention to my friend Carlos Daniel
so you' re the scoundrel, because I have so many danieles here.
Don' t make the mistake again. Uh, with a hundred thousand steps
of verification at César Daniel Dani with a hundred thousand pesos. If you can
buy like a thousand shares, actually quite a lot of stock. One hundred
thousand pesos of shares. It' s a thousand shares. They' re
one hundred and fifty, I think I saw him initially when he opened the
operation, which came out in the bag that CoA what caught one hundred and
twenty- three. Today they were about one hundred and fifty- three hundred
and fifty- four is like a seventeen percent revaluation. They announced they'
re going to pay dividends or they' re going to give you money,
they' re going to put money in your pocket. They haven' t
paid for it yet. Then it' s time. Still shopping. If
I had sixty thousand pesos in shares of the hundred thousand pesos of pite,
I have a thousand shares and they are going to divide then more or less,
as how much peter must aspire to receive. That' s why a
hundred thousand are going to give you about six pesos for each action. If
you put a hundred thousand pesos, it' s a thousand lessons like six
six thousand pesos, eh or, but is it because I am or are
they made English and think of the following? Think of the following? Technically?
Technically? Technically? You might as well not have paid yet. They
' ve announced they' re going to pay, but they haven' t
paid. I still live it. You could buy shares, wait for them
to pay. When they have to, receiving that money is preselling them and
you' re inverted. I' m uniting something else like payati for free,
something or like free shareholder. There is no authority and no owner of
the shareholder company. Yes, because there is a difference between shareholder and owner
of the company, because the owner of the company takes all the decisions in
the Zionist has to go to you both a group of agreeable people. In
this case I don' t know a public company. As these things are
decided, they held an assembly these days. It was a lot of people.
In fact, it was at the Dominican Law Hotel. It is similar
to that of countries like the United States, where there is what is called.
I don' t know what fiduciary sheath, that is, that you
have an obligation to make decisions on behalf of everyone who has invested, who
benefits their pocket. And that was discussed a lot with the case of the
sale of Twitter, that the board refused to listen to the offer that this
man was making, but the law forced them because he was paying more of
the recordings was worth in the market. Personally I don' t know,
but I understand that in case there was something like that, the superintendency could
get into gas. Yeah, but I mean exactly that' s the law
there. Yes, of course, she' s a strong one, she
' s good and she' s good for all the Asionists. Here we
have a superintendence that I know that it does monitor as the different investment options
that are in the market and are dedicated do it very well. In fact,
I mean, it' s way above what' s being done to
different companies. And yes, I definitely understand that the one who wants to
venture into investing in the Dominican stock market is backed by the supercule. When
you get the appointment to these problems, no, well, you don'
t let it come this way. Yeah, yeah, yeah. Thanks to
Luis Serrano. If you missed some of this conversation about economy, finance,
etcetera, investment you can look it up on YouTube. So, Luis,
we wish you success. Thank you. We know that you are taking other
paths now in the professional area and we wish you and augur a lot of
success. You' re the one.