While there is a lot of talk in the news about the national debt and a lot of issues facing the US dollar, euro and other currencies, it is never a bad time to start investing and start making your future something you can be proud of.
Getting into investing whether it’s with a bank or an independent advisor can seem a little daunting if you’re not completely sure what you’re doing, but there are people out there ready to offer you basic advice and guidance including Brazilian investor and former investment banker Igor Cornelsen.
Cornelsen has been investing in foreign securities for many years and managing billions worth of client portfolios.
The Brazilian market has seen a lot of ups and downs over the years, but thanks to Cornelsen’s leadership at its three national banks investors have come to trust his management and advice. Cornelsen has also worked closely with the Brazilian government in guiding economic policies and laws.
Today Cornelsen works with private investment firms including Bainbridge Investments where he offers part-time consultations, and the rest of his time he publishes blog posts and makes appearances with news networks such as CNN and CNBC. The rest of his time he spends out golfing or boating.
Igor Cornelsen may be retired but he always has his eye on the stock market and is always telling investors how to get started in investing.
The first thing he will tell investors is to look at the stock market and other exchanges not as a slot machine or poker table where money will start flowing out of immediately, but rather like a game of chess that takes patience and persistence to do well with.
Igor Cornelsen says you have to be willing to not just look for big stocks that all the TV personalities are raving about but instead look for stocks that may not be as well known and have the potential to grow into major players on Wall Street.
Igor Cornelsen says that it’s better to start investing small and in many different funds instead of putting all your assets into one big stock. And he also says to always keep an eye on your portfolio and when the time is right to put more money into your investments. Read more: Igor Cornelsen gives you the basics on Brazilian banking
He also tells investors not to be afraid to be picky about the stocks they invest in because you want to invest in companies that have good leadership on their record.
Companies that constantly have a new CEO or constant overturn in their employees are usually not going to do well in the market.
Igor Cornelsen’s knowledge of Brazil and the way their markets work has allowed him to share with investors how to get started investing in Brazilian companies and equity.
There are so many industries to invest in down there from manufacturing, retail, technology, exports and a plethora of banking and financial services that despite whatever government and economic challenges arise, the nation is always going to be competitive in foreign markets. But you have to know the obstacles that may get in your way before you invest.
Cornelsen says you should familiarize yourself with Brazil’s regulations on foreign investments and look at the work that the current Finance Minister Joaqim Levy is doing. It may take some time before you can establish your investments in Brazil’s current climate, but Cornelsen says the effort will pay off.
He also advises looking at what’s happening in China and seeing how their trades with Brazil are doing. When starting up your Brazilian investment portfolio, Cornelsen says you should get in touch with locals who know the banks and can point you towards ones that accept foreign currency transactions.