What is investing? How much about investment do you know about? What are your intentions with the investment you are looking at? Are you ready to take it? Then you need to be knowledgeable on what you are getting yourself into. There are several people out there who seem to think that investment is more like gambling to get rich quickly or like an easy gamble. This perspective is entirely wrong, investing is all about your long term goals. It needs your time and patience and it can be your new career. This is where Igor Cornelsen plays his game well making profits of up to 500% in the end.
Igor Cornelsen is a top adviser when it comes to investments. He is focussed on preparing investors to make maximum long-term investments. He does this by considering the portfolios of the individuals so as to give accurate advice on how to pick a stock market that would work for them.
Brazil according to newsvine.com is the biggest continent in South America and the eighth largest economy in the world. Its greatest trader is China, and they compete on the exports they offer the rest of the world. However, the Brazilians have been left behind when it comes to banking due to their ignorance. All the same, Igor has a few tips he would like to share with the rest of the world.
1. Keep in touch with the Brazilian residents
Networking and connecting is the best tool that all entrepreneurs need to be successful. After all, Brazilians are social and will be glad to share information that you may require based on their personal experiences.
2. Prepare for the red tape
There are some rules and regulations as you try to get into the Brazilian market, and you should be ready to adhere to them. These include high taxes, pervasive bureaucracy, restrictive labour market rigidity as well as complex regulations. All the same, anyone with enough patience gets through and enjoys the returns in the end.
3. Be knowledgeable on foreign-currency restrictions
You must be connected to a bank that is allowed to handle foreign currency to hold on to the local currency if you are not a resident. Be aware that there is no single exchange rate and it fluctuates depending on the nature of the transaction. In other words, be accurate to use the correct rate for the actual operations.
On the other hand, the very promising “New Economic Matrix” failed cutting down stock prices and disappointing numerous investors. The sectors that the government had intervened were worst affected causing the annual GDP to reach an all-time low of 2% in the past 6 years. However, this scandal did not scare away all the investors.