Mercado Pago paga por tu plata: así funciona por dentro

Mercado Pago Uruguay launched its interest-bearing account: it pays you for keeping your money there. But this isn't exactly new—funds like this have existed in Uruguay for over 10 years (Sura/Delta, Centenario, Itaú Asset, Balance, Prex Violeta), and in this episode, I'll explain what's behind the scenes. We'll talk about what an investment fund is, what an AFISA (Association of Financial Institutions) is, why monetary regulation bills are the basis of all these instruments, what the real risk is, how commissions compare among different players, and why Mercado Pago is currently outperforming the rest (spoiler alert: it's charging lower commissions, for now). No sponsorships, no endorsements: this is my most objective analysis possible of this new wave of "accounts that pay you" appearing in Uruguay. Subscribe to our weekly mailing list at http://neuronafinanciera.com You can find more from Neurona Financiera at: http://neuronafinanciera.com   / neuronafinanciera     / neuronaf   http://neuronafinanciera.com/spotify 0:00 Intro: Mercado Pago and interest-bearing accounts 0:29 Welcome and announcement (The Alarm Clock) 2:12 The story begins in 2016: Sura and the first mutual funds 3:47 What is an investment fund and who regulates it? 4:31 All the market players: Delta, Centenario, Itaú Asset, Balance, Prex, Mercado Pago 5:29 What a fund's regulations must say 6:23 What are monetary regulation bills? 8:03 How is the return calculated (currently 5.75%)? 9:04 The tax advantage: exempt from Personal Income Tax (IRPF) 9:42 What is an AFISA? 9:56 The 4 AFISAs that drive the entire market 11:46 What is the real risk of these instruments? 12:32 Which one to choose? The key lies in the fees 13:27 Comparison of fees fund by fund 15:20 Minimum amounts to invest in each one 16:35 The key difference: friction vs. zero friction 18:08 Disclaimer: this episode is not sponsored 18:35 Personal opinion: what I would use each instrument for 20:52 Final comparison: Mercado Pago vs. Prex vs. traditional banks 22:23 Conclusion and closing