Igor Cornelsen is a banker currently retired and living in southern Florida, though he spent the bulk of his career in Brazilian banking and financial advisory. Here are four tips he’s shared with the world, meant to be blended within a well-rounded view of financials.
The real is far overvalued
As every country has their own currency – pretty much, at least – the real is that of Brazil. Unfortunately, the real isn’t worth very much money, even though its stated prices in financial markets say otherwise.
Igor Cornelsen urges investors to not invest in the real or anything that depends on it. There are far better investments to place one’s money into.
China’s news, current events, and happenings can cause tall waves
Brazil’s economy is closely linked to that of China, but not just indirectly; Brazil draws in more raw materials from China than any other country, they both sell manufactured products to Latin American nations, and China is Brazil’s largest trading partner – period. Read more: Adicione uma descrição a este tópico
As such, it’s necessary for investors to keep a close watch on what’s happening in China, Brazil, and related countries and businesses.
New politicians could mean the world for Brazil’s markets
The past two politicians to step into the role of finance minister did notoriously bad jobs, causing more turmoil in Brazil’s financial markets than anything else. However, just like everything else in life, that’s bound to change, meaning politicians that produce positive effects for investors are likely to come along at some time in the future.
Keep an eye peeled for campaigns, upcoming elections, resignations, and appointments in the political offices of Brazil, especially the role of finance minister.
Don’t trust just any bank
Banks in Brazil aren’t all trustworthy. Only the top nine, or so, are considered reputable enough to trust one’s money in.
This is especially true for people not living in or familiar with Brazil, as foreigners are more likely to be victims of financial crime. Only trust the largest banks in Brazil, like Bradesco or Itau Unibanco.