Igor Cornelsen is a famous investor in South America who writes online, appears on TV and on radio to talk about investing. The South American markets have grown quite a lot of over the years, and Igor has a list of ideas that will help everyone who chooses to invest in the country. This newsvine article covers some of Igor’s ideas, and the article offers hope to people who want to begin investing today.
#1: Learn About Government Paperwork And Bureaucracy
Every investor in Brazil must prepare for a mountain of paperwork and bureaucracy. There is quite a lot to deal with where the government is concerned, and Igor wants all his students to learn about government regulations for every type of investment. There could be new forms that must be completed, and it is possible that the government will tax certain investment at a higher rate than others. Learning about the red tape today helps save headaches in the future.
#2: Prepare For Foreign Currency Problems
Foreign currency issues are quite common in Brazil because of regulations governing foreign monies. There are restrictions on some foreign currencies, and the tax rates on other currencies are quite high. Igor urges all his students to learn about foreign currency regulations before spending a dime in the country. Investors could lose money o foreign currency restrictions that is hard to get back.
#3: Meet With Locals
Every investor in Brazil must know local citizens. Local citizens in Brazil have an idea of how each and every company is performing, and there are certain things that cannot be learned without help from someone on the ground. The smallest bit of information will help solidify an investment that looks appealing, and information may help change an investor’s mind before an investment is made.
#4: Research Every Stock Or Company
Research solves many problems for investors. There is more than plenty of information for investors who wish to know more about companies they plan to invest in, and a company that does not perform well during research should be avoided at all costs. Investors who wish to make money in Brazil will look closely at every company before making a decision on spending their money. A small bit of patience will go a long way for every investor.
Investing in Brazil is made much simpler when using the advice of Igor Cornelsen. Igor understands how to use the Brazilian markets to one’s advantage, and he has compiled quite a lot of information for every investor. Money is saved with proper research, and investors who get to know people in the country tend to learn more than investors who plan to make all their decisions from afar.