Investing isn’t necessarily difficult. Investing and expecting to turn a profit, is. Even further, investing in an international market you’re not familiar with is even more difficult than the previous two sentiments.
Igor Cornelsen is a retired Brazilian banking expert that often offers his thoughts on investing to the world via the world wide web.
Included below are four tips – Mr. Igor Cornelsen believes they are the most important – that every investor hoping to turn a profit in Brazil’s unique stock and securities market should know about prior to placing a single dollar or real in their Brazilian-invested portfolio.
Brazil’s real isn’t very strong, despite what some may think
While Mr. Cornelsen was born in Brazil and spent the vast majority of his life in the country, Brazil’s currency – the real – has never been very strong. As such, investors should stay much longer than an arm’s length away from any transactions, deals, or swaps with the real. Read more: Adicione uma descrição a este tópico
The real isn’t expected to gain traction any time soon, even if new politicians with histories in fiscal policy are added to Brazil’s cabinet.
Look out for politicians that know lots about finance
For some time, Brazilian politicians haven’t been great at fiscal policy or finance. As such, markets have responded negatively to any new elections or appointments, regardless of the particular position that person assumes.
Keep up with political news related to Brazil. If new politicians, especially finance ministers, with strong backgrounds in finance or anything related to financial markets are appointed or elected, be ready for a possible rise in price.
Chinese and Brazilian economies have strong ties
Brazil does more business with Chinese entities and persons than those from any other nation on planet earth. As such, Igor Cornelsen urges investors to keep up with what’s going on between both countries.
Trust only the largest, oldest banks
Organizations without competitive advantage often offer specials, deals, and discounts to gain traction. However, don’t fall for any deals, even if your peers have done so with success, at any bank in Brazil outside of the largest, oldest chains of financial institutions.
Learn more about Igor Cornelsen: