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00:24the description. Cetes are a

00:26tremendously popular investment tool

00:27in Mexico, not only because

00:29practically anyone can

00:31invest in them. because of its low risk

00:32but because it also allows us to invest

00:34from only 100 pesos and what is

00:36more at the time of recording This video

00:38pays up to 11% annual return in

00:41this complete guide we are going to talk about

00:42everything we need to know about cetes

00:44to decide If we should also

00:46invest in them or not, let's

00:48start by talking about what cetes are and

00:50how they pay returns. We'll

00:51also talk about who those people are

00:52who should invest in cetes and whether we

00:55should wait for them to pay a little

00:57more return. That 11% that is

00:59already there at this moment, we are also going to see a

01:01complete tutorial on How to invest

01:02through this direct.com and its

01:04application as well as the taxes that

01:07must be paid on this investment

01:10[Music]

01:13Hello, I am Eduardo Rosas, I am I have a degree

01:15in finance and banking and on that channel I talk

01:17about retirement investments, generation of

01:20sources of income and various other

01:21personal finance topics in general

01:23that help you achieve

01:25financial freedom but above all to live the

01:27life you want. So if it is your first

01:30time here know how to subscribe to

01:33this So we are going to talk about everything we

01:34should know about cetes to

01:36decide if it is a good

01:38investment option for us or not and the

01:40first thing we should talk about is

01:41what cetes are And how they pay us

01:43returns, the cetes are

01:45treasury certificates issued by the

01:47Federal Government in Mexico that are issued

01:49precisely so that the government funds

01:51its operations. It borrows money from

01:54investors who could be you or me and

01:56the government uses that money to

01:57fund its projects. Each of the

02:00cetes is worth 10 pesos but this is sold

02:02at a discount price, that is, if we are going to

02:05buy cetes for one year and that

02:07set is going to pay us 10% of performance,

02:10what we have to do is consider

02:12that the 10 pesos that of the set already

02:14include that yield, so to

02:16know how much money we are going to have to

02:18buy that set for, we have to divide 10

02:20by 1.1, which is 110% 100 plus the 10%

02:25yield that gives us 9 pesos and 9

02:28cents. So today in this

02:31example We could buy a cete for 9

02:33pesos and 9 cents and within a year we

02:35would receive the full 10 pesos that

02:38the ct is worth. This is how it generates

02:40returns, however, we must

02:42also consider that the cetes are issued

02:43at different terms, there are 28 Days to

02:46three months six months one year and

02:49recently also two years but

02:51always the rate of return they pay

02:54is expressed annually. That

02:57means that if I buy a 28-day cete

03:00that says it will pay me 10%

03:02annual return. That 10% is annual, not

03:06what you are going to pay me 28 days later, what I

03:09would have to do. So to know

03:10how much you are going to pay me is to divide that 10

03:13percent annually, as it is always expressed, by

03:16365 days and multiply it by the

03:1928 days, which is the shorter term of

03:21cetes but again it also comes out 3 6 12

03:2324 months for her to know what return

03:25and would obtain at the end of this period in

03:28this example of 28 day cetes that

03:30pay 10% she would obtain a point 83% at the

03:34end of those 28 Days That's right So

03:37how the cetes generate returns and a

03:39little about What the cetes are, a

03:41very important thing to consider is that as

03:43I mentioned These cetes are issued by

03:46the Federal Government So it is the

03:47Federal Government in Mexico that supports

03:49this loan that we are giving you to the

03:53Federal Government, which means that

03:55this type of investment is the safest

03:56that we can make within Mexico. An

03:59immersion in bank walls, for

04:01example, has more risk than only

04:03cetes. Of course, an investment

04:06lending money to people has

04:08much more risk than lend to a

04:09bank or lend to the government with this

04:12information now we wanted to answer

04:14the next question of this

04:16complete guide which is Who are those

04:18people who should invest in them

04:20in these cetes and essentially there are two

04:23types of people or two situations in

04:26which People could decide

04:27whether to invest in cetes or not. The first of

04:31them is when we are saving in the

04:32short term of less than two years. Investing

04:36our money that is being saved

04:37for less than two years in cetes is a

04:40great option because we are not only

04:41generating returns. that

04:43perhaps helps us face

04:45inflation, we know that money

04:47loses value as time goes by,

04:48but we are also doing it in

04:51a tremendously safe instrument, it

04:54would not be the same in the short term

04:55to invest in actions that we do not know how they are

04:57going to behave. to invest in cetes

05:00in the short term we know that my money

05:02in cetes is going to continue there and grow

05:04a little instead. If I were to invest in

05:06stocks what if in a month

05:08they went down and now I have less money and I

05:10no longer have enough money to

05:11face my expenses then in the

05:14short term cetes It is an excellent

05:16option the other scenario in which it is It is

05:18an excellent option is when we are

05:20first-time investors

05:21regardless of time, perhaps we

05:23can even invest several decades

05:25But we are first-timers if we are afraid

05:27of what may happen If we invest in real

05:29estate or stocks or I am just

05:32learning about the options

05:34I am just forming the habit but I want to

05:36start now It is an excellent option

05:38to start It can help me start

05:40creating the habit of investing every

05:42fortnight or every month I feel like I am already

05:44By investing, I already consider myself an

05:46investor because my money is there

05:47growing at the same time that

05:49I am not taking much risk, so it

05:50can give me peace of mind and little by little I

05:53start taking more and more risk,

05:55perhaps in what I create my

05:57investment plan that I already have. Consider other things, you

05:59can start with cetes and start

06:01making my money grow and not

06:03remain static. Be careful that when we are

06:06investing in the long term, cetes

06:08is no longer an excellent option, rather

06:10just what we should look for is to

06:12gradually add risk Why Because

06:14the cetes, being the safest

06:16investment option within Mexico, also in the

06:18long term will tend to be the option with the

06:20least growth when it comes

06:23to investments, the risk goes hand in

06:25hand with the potential growth, the

06:27greater the risk we take. The greater the potential

06:30growth, if it is the least risk

06:32we can take, it will be the least

06:34growth we can generate. I am going to

06:37leave you here on the cards a video that

06:38I made a couple of weeks ago on how

06:40you can create that

06:42investment plan. complete that is already beginning to

06:43contemplate other things such as

06:45real estate or stocks but in the meantime

06:46cetes is an excellent option to

06:48start creating that habit of investing and

06:51a question that I have come across

06:52many times in the comments of the

06:53videos. Even on Twitter it is If not, it would be

06:56better for me to wait for better

06:58yields after all the

07:00yield that cetes pays has been

07:01rising quite a bit in recent months, it

07:03stops showing you, for example, here on a

07:06page that I myself believe is called

07:09inflation.com.mx as precisely the The

07:12yield of the cetes has been

07:13rising quite rapidly.

07:15Only in September 2021 they paid

07:18around

07:194.3%, today, as I said, they already pay almost 11%,

07:23this is for 28 days. There are options with longer

07:25terms that pay even more, so we

07:27might think, "I don't care." It is better to

07:30wait for them to pay more and more. If

07:32rates have been rising,

07:33it is a quite valid and

07:35quite rational question, but the answer is

07:37no to begin with because we do not know if

07:40rates are going to continue behaving like this. There

07:42will come a time when that

07:43they will no longer continue to rise and we do not know

07:45when that moment will arrive but more

07:47importantly, it is still better, for example,

07:49to invest three months at 10%

07:53annual return than only two months at 10.5,

07:57imagine that at this moment the investors are

07:59paying 10%. cetes for 3 months but

08:02you think they are going to go up so you

08:04wait for the next month and it actually

08:06goes up and now they are going to pay you 10.5% but

08:09now you are only going to invest two months

08:11instead of three there would be a better

08:13return with 10% for 3 months that

08:1610.5 only for two months, then the

08:19rate that Cetes pays at this moment or

08:22the potential rate that it could pay in the

08:24future or the trend of rates that we

08:26could find again in

08:28inflation.com.mx should not influence

08:31when we should invest whether in cetes or not

08:34the only thing we have to consider is

08:38that we can control the rate we

08:40cannot control it what we

08:41can control is knowing how much time

08:43we want to save and when we have the

08:46money if I have the money today and

08:49I will need it within of one year Well

08:51today I invest it at one year perhaps

08:53buying precisely one-year cetes

08:55start trying to predict how

08:57the rates will move in the future It

08:58simply takes away our time and

09:01possibly even takes away

09:03returns from us up to this moment So

09:05we already answered that they are the cetes and As

09:07for the returns, who are the

09:08people who should invest in them and

09:10whether or not we should wait for better

09:12returns in the future, what follows is to

09:14see how we can invest in these

09:16cetes and the best way to invest in

09:18cetes within Mexico in fact. It is

09:20through cetes direct.com, note that

09:24banks or brokerage houses could also

09:26offer us cetes, but many times those

09:28banks or brokerage houses are going to

09:31charge us commissions, so do it

09:34directly from that direct, it can

09:36save us those commissions and they are

09:38exactly the same. tool to be

09:40able to invest in cetes the first thing

09:41we will have to do is come to do

09:43this project.com and open our account

09:46we will have Of course

09:48enter basic information about

09:50us name email a

09:52password followed by some

09:54personal and very important information we will We are going

09:57

10:00to associate that bank account with

10:01our direct headquarters account and

10:03only from that bank account will

10:05we be able to transfer to our

10:07cetes account. We will also see in a

10:09minute how we can start

10:10invest And how can we withdraw

10:12money from a cetes direct account

10:14? The first thing you should keep in

10:15mind with a new cetes

10:18direct account is that there is a limit of 3000

10:19udis currently around 23 thousand pesos

10:21of how much we can deposit at month that

10:25limit can be easily eliminated by

10:26uploading our signature but if we have to

10:29take it into account in any way

10:32once we have the account ready we can

10:34go to the investing section to

10:36make our first investments note

10:39that cetes is not the only option we have

10:40bonds that They are similar to cetes but with

10:43longer terms up to 30 years, for

10:45example udi bonus, similar fertilizers but

10:47protected from inflation, some

10:50iPad bonds and even an investment fund

10:52are not the topic of this video but

10:55we can just select cetes and again

10:56find them at different terms we

10:59can also find the yield that they are

11:01going to pay us remembering that this

11:03yield is in annualized terms

11:05any option here that we choose we

11:07will have to enter how much

11:10money we want to buy and we have two

11:13options to make the purchase one

11:16through bondía which is in In the event that

11:18we already have money available in the

11:20cetes account and the one that we most

11:22likely use to send

11:24resources, the sending of resources

11:25will precisely require that we

11:27make a transfer through

11:29Space from the bank account that

11:31remembers we will have already associated with our

11:33direct cetes account towards well

11:35our direct account in fact on the

11:38left side you will be able to find the

11:40key to your direct cetes account which

11:43is a national financial account

11:45let's say then that I want to invest

11:47100 pesos I would have to then as it

11:50says here in this example before

11:53January 31 and before 4:30 pm transfer

11:55that 100 pesos from my bank account

11:58already associated with this account which is my

12:01cetes direct account something very

12:04important here we have the

12:06option to reinvest at maturity That's what

12:08you want to say that when the term

12:10of these cetes expires, that is, 28 days

12:12after the purchase date, that money

12:15plus the return is reinvested

12:18in the same term, cetes of 28 days or if

12:22I am buying cetes at another term. Well, at

12:23that term, if we We say that

12:26we want to reinvest then we are

12:28taking advantage of compound interest, that

12:30eighth wonder of the world that makes

12:32our money grow faster and

12:33faster because the next time it

12:35is not only the original 100 pesos

12:37that are invested but also the

12:39returns that I have generated. Of course, if I

12:42I need that money within a month.

12:44Well, I would say that I do not want to

12:45reinvest and I can easily withdraw it

12:48to my bank account as we will see in

12:50a second before, however, to see how to

12:52withdraw money, which is obviously from

12:54the withdrawal option, I also want to present

12:56this to you. recurring savings option

12:59that allows us to automate our

13:01savings and even shows us some

13:03objectives that we could have, for

13:05example, putting together an emergency fund,

13:07all of these work practically

13:09identically, it is just establishing

13:11a specific challenge but let's see

13:14how we would do it with

13:15recurring savings normal of cetes what

13:17we can do here is activate this

13:20recurring savings say How often

13:22we want to save for example every

13:24fortnight and tell it how much we want to

13:26save for example a thousand pesos also

13:28decide if we want to reinvest at

13:31maturity or not but what is going to

13:32happen in this case is That

13:34money that I am

13:36saying will automatically be charged to my

13:38associated bank account. If I have a goal,

13:40for example, to raise for my

13:42emergency fund or to raise for a purchase, I can

13:46automate everything from here and no longer even

13:48have to remember. This

13:51is a phenomenal tool But

13:53any of these two options that we

13:54have used to invest

13:56eventually we will surely want to

13:58withdraw our money so

14:00here we will see the complete list of

14:02instruments that we have

14:04We will simply have to decide Which are the

14:06cetes that we want to sell Now here is

14:08commonly the best option is that

14:11our money is already in something

14:13called bondía, which is a

14:15daily liquidity investment fund. Where does

14:18the money that is no longer being

14:20reinvested go? For example, if I invested

14:22in 28-day cetes and I said no It would be

14:24reinvested at maturity because

14:25I need that money. Well, there is

14:27maturity, we no longer buy cetes but rather it

14:29goes to bondía and from bondía,

14:32from here I can withdraw it

14:33immediately. That is the ideal scenario

14:36in which the time that I had predefined has already passed.

14:38And So I have the money

14:40available immediately but it

14:43could also be that I don't know that

14:46an unexpected expense arose and I need to withdraw

14:48early. We can do it

14:50but we would no longer receive the return.

14:52For example, I have bought cetes for

14:55three months and a month later I need I

14:58can sell that money from the

15:01withdraw option, it will take a few days to

15:03be available but I can do it,

15:06however I will no longer have any return,

15:09not even that month, so that is why I

15:11said that this is not ideal because

15:13my money is no longer available. it grew and ideally

15:15I wait for the deadline to expire, I received my

15:18performance, I see it on a good day and I

15:21will withdraw it immediately. By the

15:23way, I also have it available from

15:25the application that we can download

15:27on both our iPhones and our

15:29Androids, from here we have both the

15:31option Login How to open

15:32our account directly from the

15:34application if we already had the account

15:36created from the computer Well here we

15:38simply log in and

15:40at the bottom we have precisely the

15:42same options that we just saw here

15:44the option to invest where again we

15:46have the same options We have

15:48practically the same interface

15:51we decide how much we want to invest If

15:53we want to reschedule if it is sending

15:55resources or if it is a good day in the

15:57upper right we have back to the

16:00main page we have the

16:02recurring savings we also have some

16:04challenges emergency fund the

16:06recurring savings normal that we can activate

16:08as well as the option to withdraw our

16:11resources personally without the application I

16:13don't use it much

16:15because it has several problems in my case it

16:18takes a long time to load suddenly it crashes I

16:20don't know if it's just me but I

16:23feel much more comfortable anyway

16:25from the computer, in any case,

16:26the application is there available in case

16:28at some point we have to do it and we do

16:30n't have the computer at hand,

16:32anyway, this is how we can

16:34invest directly from direct.com,

16:37pardon the redundancy, finally what we

16:39should talk about is also the

16:41taxes that we must pay because

16:43of course we must pay and Sr

16:46on the interest that this investment

16:49generates for us as well as we must pay ISR

16:51for everything Other income that we

16:53generate now from our investment in

16:56direct cetes as well as from investments in

16:58other instruments that generate interest

17:00within Mexico, a

17:03withholding for

17:06income taxes is already generated. This withholding varies year

17:09by year in 2022 it was 0.08 percent

17:12in 2023 it rose to 0.15%

17:15on our capital the money

17:18we have in the account in In this

17:20case, it is direct. That means that

17:23if we have 10 thousand pesos, within this

17:25direct, we are subject to a withholding of 15

17:28pesos for ISR. However,

17:30those 15 pesos are not the ISR that we must

17:34pay, they are simply a withholding of

17:37the ISR that we must pay. to pay is calculated

17:40until we make the annual declaration for

17:42the following year for the interest that

17:45we generate in 2023 it is calculated until

17:48we make the declaration around April

17:502024 now in April 2023 we will make the

17:54declaration of the interest that

17:55we generate in 2022 now very important

17:58The taxes that we must pay are

18:01on the real return that we have

18:04generated, that is, the return

18:07we generated less inflation last year

18:092022, the cetes generated

18:12less than inflation most of the time,

18:14which means that for

18:16the majority of investors The

18:18investment in cetes did not grow beyond

18:20inflation, perhaps it grew 7% when

18:23inflation was 7.82 percent. That

18:26means that even though the

18:27money grew, it did not grow as much as

18:30inflation. So there is no

18:33real return because inflation was higher.

18:35So it is not paid and Mr. everything that was

18:39retained again in 2022 that 0.08

18:42percent has to be returned to the

18:44investor In its annual statement

18:47like this in 2023 perhaps we will generate more than

18:50inflation if we generate more than

18:52inflation great about That difference that

18:54we have generated above

18:56inflation we must pay ISR if what they

18:59withheld from us is more than what we must

19:01pay they must return the

19:03difference to us if it is less than what we must

19:06pay we have to pay the difference

19:08but then that withholding is not due

19:11to always subtract the returns as

19:13we can sometimes confuse it It is

19:15simply provisional in that

19:19next year we can

19:20really calculate How much we should

19:23pay with all this information about

19:25cetes I think you already have everything you

19:27need to decide if you should

19:29invest in them or not and once you

19:31decide and do it, how you

19:33should do it and even the taxes that you

19:35should eventually pay or how you

19:37should pay them, I hope, as always,

19:40that this video has been useful to you

19:42and I'll see you next time.