Updated 17:53

What you'd declare for Bienes Personales — declared holdings + real estate (the wealth-tax line uses fiscal values).Demo — todos los números son hipotéticos

Mock portfolio · what it holds
Demo book modeled on a typical concentrated Argentine tech-investor profile: a heavy single-name US technology core (NVIDIA) plus a Nasdaq index sleeve at Interactive Brokers, a local BCBA equity sleeve (Pampa Energía, TGS, YPF), an AR sovereign + corporate USD bond line, working cash in two currencies, and two properties. Concentrated in one name by construction — the diversification radar below shows how far that sits from a balanced allocation.
Net worth

$4.75M

$3,018 0% today

Heavily concentrated book. Nvidia is the largest position at 41% of holdings. Heavily weighted toward Argentina (44%) — peso assets, local bonds, property mixed in.

Net worth · today
▰ 🇦🇷 Argentina · ▰ 🌍 International ·
Securities
$3.61M
live mark-to-market
Cash
$229k
5% of net worth
Day P&LUP
$3,018
+0.08% today
Wealth taxANNUAL
$25,069
~0.53% of net worth · BP
ArgentinaHIGH
44%
local + AR bonds + property

Where it's concentrated · top holdings

One row per asset, merged across every broker, in USD. Click a column header to sort, a class chip (or the class cell) to filter. Change is close-to-close for the selected period. = statement value, not live-priced.

Filter
Asset Class Held at Value USD Weight Change
NvidiaNVDA
Core driver · stagnating
EquityInteractive Brokers$1.95M41%🇺🇸 $2,850 +¼%
AL30D — Rep. Argentina 2030AL30D
Bond · income
Sovereign bondIEB (Invertir en Bolsa)$599k12½%🇦🇷 $1,951 -¼%
Invesco QQQQQQ
Index fund · major weight · stagnating
ETFInteractive Brokers$506k10¾%🇺🇸 $3,896 +¾%
House · Cariló
Property · illiquid
Real estateReal estate$482k10¼%🇦🇷
Apartment · Palermo
Property · illiquid
Real estateReal estate$432k9%🇦🇷
YPF Luz ON 2032YFCJD
Bond · income
Corp bondIEB (Invertir en Bolsa)$179k3¾%🇦🇷 $1,151 +¾%
Pampa EnergíaPAMP
Tail position · stagnating
EquityBalanz$145k3%🇦🇷 $1,101 -¾%
TGSTGSU2
Tail position · stagnating
EquityBalanz$129k2¾%🇦🇷 $588 -½%
YPFYPFD
Tail position · pulling back
EquityBalanz$102k2¼%🇦🇷 $1,238 -1¼%

By asset class · grouped subtotals

Every holding folded into its asset class, with a subtotal per class and a grand total that ties to net worth. Click a class to collapse it. The quickest read of how the book is built.

Asset class · holdingValue USDWeightReturn
Equity4$2.33M49%
US Tech1$1.95M41%+¼%
Nvidia$1.95M41%🇺🇸+¼%
Argentine equities3$376k8%-¾%
Pampa Energía$145k3%🇦🇷-¾%
TGS$129k2¾%🇦🇷-½%
YPF$102k2¼%🇦🇷-1¼%
Real estate2$914k19¼%
House · Cariló$482k10¼%🇦🇷
Apartment · Palermo$432k9%🇦🇷
Bonds2$778k16¼%0%
Sovereign1$599k12½%-¼%
AL30D — Rep. Argentina 2030$599k12½%🇦🇷-¼%
Corporate1$179k3¾%+¾%
YPF Luz ON 2032$179k3¾%🇦🇷+¾%
ETF1$506k10¾%+¾%
Invesco QQQ$506k10¾%🇺🇸+¾%
Cash2$229k4¾%
Interactive Brokers$185k4%🇺🇸
Banco Galicia$44k1%🇦🇷
Total net worth$4.75M100%

Real estate · fiscal vs market

Demo properties — every value is illustrative. Escritura = purchase price at the deed date; fiscal = tax valuation; market = owner estimate at its valuation date, drifted forward by the Argentine residential index (Zonaprop CABA USD/m², 2026-05: $2,462/m²). Net worth uses the indexed market value on every tab.

PropertyWhereEscritura OfficialMarketIn use
Apartment · Palermo casa-habitación · exentaBuenos Aires$320k 2021$210k$432k idx +0.5%$432k
House · Cariló rentaCariló$350k 2022$160k$482k idx +0.5%$482k

Wealth-tax exposure · Bienes Personales 2025

Estimated on the taxable base only, at the official FX (1,455). AR shares, AR bonds/ONs, AR-bank deposits, the casa-habitación and rural land are exempt — which is why the rate is small against total net worth. Includes declared vehicles + the 5% household-goods minimum; SPX boxes excluded as a synthetic loan. Method reconciled to your 2025 F.762/D DDJJ (3-tramo scale topping at 1.00%) — at year-end values it matches the accountant's filing; the live figure here moves with current prices and FX.

Estimate

Taxable base$2,799,994
Base in ARS @ official4.07B
Marginal bracket1.00%
Effective rate · on taxable base0.90%
Effective rate · on total net worth0.53%
Estimated annual tax$25,069 · 36M ARS

What's in vs out of the base

Foreign securities$2,454,994taxed
Foreign cash$185,000taxed
Taxable real estate$160,000taxed
Vehicles · DNRPA$0taxed
Household goods · 5% min.$0taxed
AR shares + bonds/ONs$1,153,683exempt
AR-bank deposits$44,026exempt
Casa-habitación$210,000exempt
Rural land$0exempt
Option boxes · synthetic loan$0excl.
Outside the declared base
About $0 sits in the Unofficial view, outside the declared base — it is not part of this estimate. The Rancho lots' rural classification with ARBA determines whether they remain exempt.

Method: keep only taxable assets → convert to ARS at the official rate → progressive ARCA scale (MNI 385M ARS, 0.5%→1.25%). Illustrative estimate, not tax advice — DDJJ valuations differ from market and AR-asset exemptions follow your accountant's treatment.

Composition · structure of the book

Allocation hierarchy (inner = class, outer = assets, hover for detail) and your allocation profile measured against a modern reference benchmark.

Allocation sunburst

Allocation vs benchmark · Official

▰ Your portfolio ┈ Benchmark · outer ring

Benchmark = a modern equity-tilted global index allocation (random-walk view: broad index funds at the core, light bond & cash ballast). The outer ring is the benchmark weight per class; the shaded shape is your portfolio relative to it — past the ring = overweight, inside = underweight.

Diversification · balance across categories

How the book's top holdings spread across six broad buckets — single-name US stocks, index funds, Argentine stocks, bonds, cash and property — against a balanced reference mix. Option boxes are financing, not an asset bucket, and are excluded.

Diversification radar

▰ Current weight ┈ Balanced target · outer ring

The outer dashed ring is the balanced target weight per bucket; the shaded shape is the current book relative to it — past the ring = overweight, inside = underweight. Targets are an illustrative balanced mix, not advice.

Suggested rebalance

One illustrative path back to the balanced target mix, using the largest position in each bucket as the vehicle.

Positions map · return vs volatility

Each bubble is a holding: x = return over the selected timeframe, y = volatility (σ of its daily moves over the window), bubble diameter = weight in the book. The dashed line is the least-squares trend — whether taking more volatility has actually paid as more return. Holdings without a price history are omitted. Hover for detail; click a bubble to jump to its row.

● Global / US ● Argentina

Allocation · asset class

Equity$2.33M49%
Real estate$914k19¼%
Sovereign bond$599k12½%
ETF$506k10¾%
Cash$229k4¾%
Corp bond$179k3¾%

Argentina vs Global

🌍Global / US$2.64M55½%
🇦🇷Argentina$2.11M44½%

By currency (native)

USD$4.33M91¼%
ARS$420k8¾%

By institution

Interactive Brokers$2.64M55½%
Real estate$914k19¼%
IEB (Invertir en Bolsa)$778k16¼%
Balanz$376k8%
Banco Galicia$44k1%

Liquidity · cash by institution

Interactive Brokers$185k80¾%🇺🇸
Banco Galicia$44k19¼%🇦🇷

Cash buffer · staged liquidity

How fast each pool becomes spendable pesos in Argentina, and what it costs to get there. Ready in is the window for ~80% to land (business days, est.). Tax drag and transfer costs are estimates. Carry vs portfolio weighs the borrow rate against your ~20.7% trailing return — positive means the book out-earns the loan. ≈$2,684,020 is usable within a week. Borrowing against the book is currently +14.7% carry vs your ~20.7% portfolio return.

PathAmountReady inTax dragCarry vs portfolioSituation
AR-bank cash
In Argentine bank accounts
$44,026instantAlready in pesos-reach AR accounts — instant, exempt, no transfer cost.
Margin / portfolio credit
Draw against the marginable book
$849,322~4 bd+14.7%Borrow ~30% of the marginable book at ~6.0% (est.) instead of selling — no tax event. Book out-earns the borrow rate by 14.7 pts, so the carry is +14.7% vs your ~20.7% portfolio return.
US cash → AR
US/global broker & bank cash
$185,000~5 bd$925 est.Wire to AR over ~5 business days (est.); ~0.5% wire+FX cost (est.). No tax on cash.
Sell securities → AR
Liquid US equities & ETFs
$2,454,994~5 bd$122,750 est.Sell, settle T+2, broker wires direct to AR — no US-bank leg (~5 bd, est.). Drag = ~15% cap-gains on ~30% assumed gain + 0.5% wire (both est.).

Cost efficiency · fees vs market

Each venue's trading commission or FX spread against a typical-market benchmark (equity ~0.10%/side, FX ~1.0%/side). Reference rates from public 2025 fee schedules — illustrative, not a quote.

VenueTypeMetricRatevs mktRatingAssets
No rated venues in this view
Cost comparison
No high-cost venues flagged in this view.

Qué haríamos con un libro así

Todo lo de abajo está calculado sobre esta cartera de demostración — hipotética e ilustrativa. No es una oferta ni asesoramiento.

Evitá la venta — y seguí ganando

5,5–7,5%
costo indicativo anual · USD

Realizar una posición puede dejar cerca de la mitad entre impuestos y comisiones. Liquidez sin vender suele costar menos de lo que la cartera rinde — los activos siguen trabajando para vos.

Indicativo, las tasas se mueven

Riesgo sucesorio en EE.UU.

US$ 1.031.998
exposición estimada al impuesto sucesorio US

Este libro tiene US$ 2.639.994 en activos con situs en EE.UU. Si el titular falleciera mañana, el IRS puede reclamar hasta el 40% de lo que supere USD 60.000 — en dólares, antes de que la familia pueda mover los activos. Se puede reestructurar; primero hay que medirlo.

Estimación al tope de la escala, no es asesoramiento

Menos comisiones, misma cartera

~US$ 2.851 / año
reducción estimada de costos

Ruteando el libro por las plazas de menor costo y sacando la rotación que solo existe para generar comisión, el costo total baja de forma medible. La eficiencia impositiva y la planificación sucesoria vienen incluidas en el análisis — no son un "producto" aparte.

Estimación modelada, no facturas reales

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Demo · datos hipotéticos · nada de esto es una oferta ni un consejo
Method. Equities/ETFs (US + BCBA) live from Yahoo Finance; AR pesos at the MEP rate (1,454) from dolarapi — switch above to recompute. The net-worth graph is a constant-holdings mark-to-market. Bonds, option boxes, cash and real estate are carried at their last statement value (no live feed). Real-estate fiscal values are the declared ARBA/AGIP valuations at the owner's ownership share; market values are owner estimates pending appraisal. The Unofficial sleeve is a modelling figure. Bienes Personales is an illustrative estimate, not advice. Declared Jun 2026; unofficial —. Read-only · NOT investment advice. Demo book — every number on this page is hypothetical. Logos by Logo.dev.