Carnival, pristine, sandy beaches, Amazon River and the culture are just a few of the things that should pop up in your head when you hear the word Brazil. With a population of over 200 million, Brazil continues to thrive with its tourism, and the many attractions that it has to offer. Brazil is one of the world’s top food suppliers (Adams, 2014).
Thinking of investing your money in more ways, look no further than to the largest country in South America – Brazil. Brazil’s stock market is down 25% from its highs in 2011 and Brazil’s currency, the real, is the lowest it’s ever been since 2005 (Freed, 2014).
Igor Cornelsen is a top Brazilian retired banker and investment expert. Igor Cornelsen is very reputable and known as one of Brazil’s top bankers. He managed some of the biggest banks in the country, and helped manage a huge percentage of the nation’s entire gross economy. He currently works with the Bainbridge Group investing in the stock market, for commodity and foreign exchange investment. (Igor Cornelsen).
Here are some tips from Igor Cornelsen that will help you when investing in Brazil. Interact with the locals. It is vital to do this because networking is imperative to the Brazilian people especially the business and finance world. Believe it or not one in four Brazilians between the ages of 18 and 64 are entrepreneurs (Adams, 2014).
Understand the foreign-currency restrictions. Foreign-currency transactions can only be achieved through authorized financial institutions. “You must find a bank authorized to deal in foreign exchange to hold local-currency if you or your business are non-residential,” says Cornelsen. Make sure that you are using the correct rate for the right transaction. Keep in mind that there is no single exchange rate for foreign currency just the nature of the transaction. The official commercial rate is used for most transactions, but Brazil’s Central Bank can intervene to control this rate at will.
So what are you waiting for? Start creating your wealth and reaping the rewards that you deserve.
Adams, T. (2014, December 31). Investing In Brazil: Igor Cornelsen’s Top 3 Tips. Retrieved July 28, 2015, from http://www.prnewswire.com/news-releases/investing-in-brazil-igor-cornelsens-top-3-tips-300014914.html
Freed, D. (2014, December 9). Why Brazil Could Prove to Be the Best Place to Invest in 2015. Retrieved July 28, 2015.
Igor Cornelsen. (n.d.). Retrieved July 28, 2015, from https://www.resume.com/igorcornelsen