What Igor Cornelsen Feels Brazilian Investors Should and Shouldn’t Do
Igor Cornelsen is often touted as one of the best English-speaking experts on Brazilian banking. Fortunately for investors, he often shares his views on the Brazilian markets. In 2015, PR Newswire was the first to release a list of four tips offered by Mr. Igor Cornelsen himself, all of which every investor interested in Brazilian markets should know like the back of his hand.
Let’s detail these valuable four tips that investors should integrate into their current bodies of knowledge about South American markets – if any, at all.
China’s economic activity is correlated with Brazil’s
China is one of Brazil’s largest competitors in exporting manufactured goods to countries in Latin America. China also exports more raw materials to Brazil than any other competitor in the world. With both of these factors combined, it’s easy to understand that changes in China’s production of raw materials and exports of finished goods can make waves in Brazil. As such, investors need to keep their eyes peeled for any news about China in financial literature or news headlines.
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Brazil has a few trustworthy banks – the rest, not so much
Investors should stay away from banks that aren’t of the largest players in Brazil. Bradesco, Itau Unibanco, and Caixa are just a few of the biggest in the Portuguese-speaking country. People that stash their assets in banks outside of these are likely to experience loss or at least put themselves at risk.
New politicians? Financial change
Brazil’s political landscape hasn’t been the brightest in recent years. If a new politician coming to office proves successful, financials may be mixed up – good or bad.
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The real isn’t valuable
Investors should not involve themselves in currency swaps involving Brazil’s real, as its stated price is far from actuality – it’s infamous for underperforming.