What are the best platforms or applications to invest and grow your money in 2024 in Mexico , I am going to cover it in three different ways, I am going to talk about three types of investments and which I think is the best platform for each type of investment, for if you are interested in one in particular or the three types of investments.
Fixed rent
Let’s first talk about fixed income and at the moment I think that with the current rates definitely my favorite option is the sofipo NU which is just doing its process to request its banking license and become a bank that would precisely allow it to have or offer the IPAP insurance, which is much higher than the insurance provided by Sofipo, right now, as Sofipo has an ICAP of around 450,460, when the requirement for category 1 is 131%.
So it is several times above that limit. Now I really like this option because it has a demand account. The NU box means that the demand account allows you to have liquidity available. You can withdraw your money whenever you want, but as long as you do so. If you leave it in the box at the moment they are paying a rate of 15% which is annual and compounded daily so you can really end up earning around 16% if you leave your money invested for a whole year but honestly.
It seems like the best option to me, this is not sponsored, I simply believe that with the conditions that exist right now, having so much performance with such a high ICAP and also having so much availability is the best fixed income option for me.
GBM variable income
So, leaving fixed income aside, let’s move on to variable income and to talk about shares, ETFs and fibers, what you could buy in a brokerage house, my favorite brokerage house at the moment is GBM Plus. Of course we have some other options like bursanet If you are a person looking to have a portfolio, for example, of dividends from the United States or etc., who wants to create a passive income position from the United States, it can be very useful for you if they give you the document or the w8b format that precisely allows you how to notify United States, you are paying taxes here so that you do not receive double withholding for that income, that is a format that has a high cost.
So the fact that they give it to you for free is actually a pretty interesting attraction, but personally I like GBM better, I like its interface more, it makes it more understandable to me, hey, the transaction commissions are practically the same between gbm bursanet and other options like finamex cusp etc. But personally I think GBM is great because I am an investor who likes fibers that are precisely an investment in variable income to generate passive income.
There are very cool things, for example, gbm advances your fiber payments by a few days, so generating like that compound interest sooner or having the money faster, something that in any other brokerage house you would have to wait like two or three additional days, On the other hand, also when you receive a capital reimbursement, it allows you to have the adjustment of your average cost of your position automatically, something that other brokerage houses do not do again.
This is not sponsored by anyone, I simply want to mention what I want to tell you, basically advantages and disadvantages, but in my opinion, for my strategy as such, gbm is the one I like the most.
Binance P2P (Cryptocurrencies)
Speaking of higher risk equities we have cryptocurrencies and just a few years ago I would have told you that Bitso would be my favorite option to buy through Bitso.
Some currency like xrp And in that way send the coins to another cheaper exchange like Binance, but precisely using Bitso as this bridge to send your money to Binance, but Bitso precisely has very high commissions and fortunately Binance released a new format or a new system called peer to peer or p2p p2p and precisely This is quite cool because they are sellers and buyers of cryptocurrencies with accounts in Mexico so I have literally made transactions of 10,000 20,000 30,000 pesos where literally through the chat you get the bank details of people without any type of guarantee.
But obviously you have to make sure that they are sellers who have tens, hundreds or thousands of positive transactions and that way you realize how you can deposit them, they charge a minimum commission to both of them and honestly it is quite cool to see how people can You can buy or sell cryptocurrencies through banks with SPEI deposits without paying the very high commissions of other exchanges like Bitso, for example, and Binance has a lot of things to buy, it has a much greater variety of currencies than Bitso.
recommendations
Remember that if you buy cryptocurrencies the most important thing is where you keep them. Remember that exchangers are exchange houses and really if you are starting to have considerable money it is recommended that you have a cold wallet or at least a hot wallet.
What does it mean to say a wallet where you have your keys in some application, I really like the wallet for example from Solana called Phantom or there is also, well, the classic metamask etc. But well, basically I do not recommend leaving your cryptocurrencies in exchangers and these are my favorite platforms or the best applications to invest in 2024, both fixed income, variable income and cryptocurrencies.