If there is talk of promoting financial culture, participation in understanding the economic environment and knowledge of the stock market in Mexico, it is necessary to talk about the Actinver Challenge.
This year, Grupo Financiero Actinver, the 100% Mexican group made up of leaders in investment management and financial education in the country since 1994, awarded the Actinver Challenge 2022, in its 14th edition, one more year democratizing the investment in the Stock Market, exerting an active effort so that Mexican youth and other generations can experience investments first hand and obtain recognition for successful executions.
During the event, which took place –last November 30– at the Mexican Stock Exchange, Lorenza Martínez Trigueros, General Director of Banco Actinverexplained that the challenge “is a simulator that shows the market exactly with the information that is happening in real time.”
He added that the idea is for the participants to understand how the news is transforming the changes in the markets, and “this can be very gratifying and can be the trigger to lose this barrier that exists in thinking that the world of investments is one of experts”.
“You can very well define what your objectives are to invest, it may be to pay for your university, it may be for your retirement or to achieve a real estate down payment, whatever this objective or different objectives may be, understand how to choose the portfolio or what if someone advises you to have this portfolio to be able to meet these objectives ”, he mentioned.
Every year, the school of the Mexican Stock Exchange and the officials of the Grupo Bolsa Mexicana de Valores are key partners so that the participants of the challenge can have the experience and also access to interact with officials and analysts of Grupo Financiero Actinver.
This great exercise originated in 2009 and since then it has been carried out on the Mexican Stock Exchange. In the 2022 edition, the total prize consisted of 1.7 million pesos, divided among the 143 winners of the challenge, adding a total of 14,574 participants.
“What we are looking for is to generate that interest in the investments, that it is seen that there is an opportunity in terms of performance, by investing the savings and transforming your savings into an investment,” he shared. Trigueros Martinez.
He pointed out that this can be considered complicated, so he recommended consulting experts. He affirmed that an important part of the challenge is that “those who want to start a career as an investor take the first steps, that they understand what being an investor in the financial markets is all about.”
The challenge winners
The first three places were recognized by the executives of Grupo Financiero Actinver, led by the CEO and by Luis Tinajero Michel, Director of Financial Education and Innovation at Grupo Financiero Actinverafter six weeks of activities (October 10 to November 17).
Of them, the first place achieved 77.5% direct performance (a 29-year-old participant); second place made 75.4% performance (70 years old); and third place, achieved 60.4% direct performance (33 years).
“Third place, Saltiel Hernández Sánchez; second place, Víctor Manuel Romero Arzola and first place, truly an extraordinary performance, more than 74% yield, incredible performance, a lot of trading, more than 19 national and international stations, very good investment thesis, and the 500 thousand pesos in prize in addition to the recognition of José Oriol and Don Héctor, it was won by Carlos Enrique Brito Rodríguez ”, revealed Michel.
The first place, brito rodriguez, shared in an interview that he studied Accounting at the Pan-American University and has a specialty in corporate finance. She added that: “I had heard (of the challenge) but had never participated, it was a great learning experience and it helped me to better understand how the markets work and, well, everything related to the stock market.”
He delved into the fact that his reality was to work early, put a purchase offer below the market price: “And from what the share closed the day before and, if someone accepted it, I would sell it and put a purchase offer higher of the market price. More than anything I invested a bit of everything but I focused on ETFs and technology ”, she added.
As for the weekly prizes, they consisted of six weeks of the challenge, and only the first places were awarded. For week 1, Armano Oviedo was recognized; Regarding week 2, Soni Angélica Li Puerto; from week 3, Fernando Sánchez Dinorin; from week 4, Ignacio León Fuentes; of week 6, Rafael Hernández Lara and on week 5, the winner took a bigger prize, Omar Martínez Muñoz.
For this edition, the Actinver Challenge maintained an agreement with six universities, with the participation of 8,307 students from the Monterrey Institute of Technology and Higher Education (ITESM), the University of the Valley of Mexico (UVM), the Technological University of Mexico (UNITEC), the Banking School and Commercial (EBC), National Polytechnic Institute (IPN) and the UAS (Autonomous University of Sinaloa), in conjunction with the Technological Institute of Culiacán.
“This challenge was very gratifying because 8,500 university students participated in the challenge, more than half, so it was also very gratifying to know that it was the first experience of many participants, for the first time they invested, learned about investment funds, concepts such as interest and of course, actions. 67% of the participants were beginners, in this idea of a gratifying exercise, of an exercise that can change someone’s life by taking control of their investments, understanding more about these tools and the possibilities that exist to consolidate and build patrimony”, exposed Michel.
Revolutionizing financial education
The challenge awaits a new edition next year and for this Michel He reiterated that: “I think it is an event of great value, I would hope that those who did not get involved this year participate. He pointed out that it is common for the participants to return to the next edition, since every year they have different speakers, and both the information and the market situation change, among other topics.
In this sense, Gerardo Aparicio, director of financial culture of the Mexican Stock Exchange Group (BMV Group), explained that this event “represents the crystallization of education efforts in a very relevant contest for the country.” He added that this forces us to reflect and reconsider the efforts of programs that the School of Stock Market grants to the market.
While, Mr. Héctor Madero Hornedo, Honorary President for Life of Grupo Financiero Actinverconcluded that: “for me, the great success is that the number of participants is increasing and that some universities have joined us to support our development, the main objective of the challenge is financial education, that is an urgent need for the country” .
Y José Oriol Bosh, CEO of the Mexican Stock Exchange Group, explained that the event “represents an effort that goes hand in hand with the main effort that the Stock Exchange has made.” He mentioned that one of the main challenges facing the Stock Market is the lack of financial education, for which he pointed out that this type of effort is very important for people to lose their fear of investing.
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