Igor Cornelsen is an analyst of financial markets, often sharing his ideologies with the world around him, especially investors expressing interest in venturing into Brazil’s wild financial markets.
Mr. Cornelsen is currently retired and living life in South Florida, although he continues to give away his prudent lines of thinking to investors set on seeking returns in the Portuguese country. Following below are four crucial tips Mr. Cornelsen has given away to the entire world, virtually guaranteed to improve one’s investing performance, given they integrate these tips with a wide-ranging base of other, existing trains of thinking.
Brazil’s currency, the real, isn’t worth much, if anything
Every developed country either has their own currency, or share a currency with several nations. Learn more about Igor Cornelsen: http://icrowdnewswire.com/2016/10/07/igor-cornelsen-fala-sobre-os-bancos-brasileiros-e-o-que-fazer-antes-de-investir/
The real belongs exclusively to Brazil, the fifth-largest country by population across the globe, consistently finishing in the top ten economies by total size on planet earth. However, the real isn’t worth as much as its stated value.
Brazil’s Central Bank has constantly engaged in currency swaps over the past five years, suggesting it’s not worth much. Even further, because manufactured good exports haven’t been competitive in recent years, assuming the real is overvalued is a safe assumption to make.
China is very related to Brazil
Brazil hauls in more raw materials from China than all other countries’ outputs to Brazil combined. Also, because both countries ship out loads of finished products to countries in Latin America, it’s important for investors to keep up with both relations by staying current with financial news.
Political change could mean heavy market change
Brazil’s most recent two ministers of finance have caused its nationwide markets to decline in value. Markets also changed when they were campaigning, appointed, and actually made changes to fiscal policy. Reading newsmedia related to finance is absolutely important for interpreting related changes.
Never store assets with small banks
Only trust the largest banks in Brazil, according to Mr. Cornelsen. Itau Unibanco and Bradesco are two of the largest, although consumers should never deviate outside of the top ten.
PR Newswire, one of the largest news reporting organizations in the English-speaking world, first shared these wise words of Igor Cornelsen in early 2015.