If you’re unfamiliar with Igor Cornelsen, he is a prominent investment banker who is capitalizing on Brazil’s economic recovery. After years of political turmoil and unemployment rates as high as 12 percent, Brazil seems to be regaining its economic footing. In the first quarter of 2017, Brazil has seen a one-percent increase in their gross domestic product, which suggests that the country’s economy, is on the rebound. Cornelsen is a Brazilian native who is well versed in the finance arena and has been hailed as an expert when it comes to portfolio diversification. Additionally, he is familiar with the complexities of investing in foreign markets, which includes understanding currency restrictions.
In a recent frenchtribune.com article, Igor Cornelsen explains the three primary tenets for investment success in Brazil. First, Cornelsen recommends that prospective investors recognize that there are fundamental differences between investing in the U.S. versus investing in Brazilian markets. In Brazil, there are currency restrictions, meaning if you’re not a citizen or a local business owner you will be required to work with an authorized bank in order to exchange. Additionally, because the country has multiple exchange rates, your individual return can vary. Therefore, it is imperative that new investors have at least a rudimentary understanding of the exchange rate that governs the transaction that they are interested in. Follow Igor Cornelsen on Twitter
The power of networking shouldn’t be underestimated; Cornelsen is a staunch proponent of connecting with natives, whether in Brazil or other countries. He believes that relationships and business, are the two things that help countries thrive the most. Additionally, Igor Cornelsen cautions investors to be cognizant of the bureaucracy involved in foreign investing. Brazil, for example, is heavily regulated; an understanding of country’s regulations can help avoid impediments when it comes to certain types of transactions. For example, the Central Bank of Brazil can adjust the given exchange rate for a specific transaction at any time, which can have devastating consequences for the investor. Additionally, the Brazilian government is renowned for over-regulation, high taxes, and restrictive labor markets. These challenges can be a lot to overcome, but the reward of a better than average return, makes it worthwhile, in Cornelsen’s estimation. For more info, visit:https://angel.co/igorcornelsen1