Brazil may be the home of the most love-crazy soccer fans in the world, but the country is also an investor haven. It’s hard not to see the bright of investing in Brazil, according to Igor Cornelsen, the CEO of Florida-based Bainbridge Investments. Igor Cornelsen is an ex-banker who still has connections to Brazilians in banking, manufacturing, and the government. Igor is quick to expose his clients to Wall Street picks like Banco Bradesco. He is also quick to point out the stocks that will eat them alive.
In order to set the tone in potential client meetings, Mr. Igor Cornelsen gives three simple, but important tips to investors, according to cbs8.com. The first tip he gives potential investors is, “make a connection with someone in Brazil.” That person can help with concerns about assets that look good, but may not be as well as other investment issues. Finding a successful and open investor who lives in the country would be the best move.
Igor gives these three tips because they are the foundation of any good investment strategy. For example, the second tip is a well-known tip most new investors learn the hard way. The tip, “expect the unexpected” is a slogan as well as a tip in the investment business. Hurricane Harvey is a good example.
And the third tip is all about managing money in a country with their own currency. Brazil has three foreign exchange methods, and all of them give investors different amounts when an exchange takes place. There is a commercial currency exchange rate. An official exchange rate, and a black market rate. Most foreign investors don’t have access to black market exchanges. Cornelsen doesn’t guarantee big returns, even though an investor follows the tips.