With the Brazilian economy now posting positive gains on a consistent basis, smart investors such as Igor Cornelsen are finally starting to reap big time returns.
If you are interested in investing in the Brazilian market, here are 3 valuable tips from top Brazilian investor Igor Cornelsen.
Make Sure You Understand Currency Restrictions
The currency controls in Brazil are very strict. If you are not a local resident or business you will need to find an authorized bank in order to trade in the Brazilian markets.
For each type of transaction there is a different exchange rate. And while you can use this to your advantage, most new investors don’t because they don’t take the time to research the currency laws.
Get To Know The Natives
Connecting with the natives is a great way to build relationships and network with like minded individuals in the area.
Luckily Brazil has a lot of entrepreneurs who love to talk and share their knowledge about business and the markets. Sock up the knowledge they share and it will pay huge dividends when you start to invest.
Be Prepared For The Red Tape
Regulations are extremely heavy in Brazil. Because of this it can be extremely difficult to get your venture off the ground.
With that being said, your best bet is to do your research in advance. This way you will know what regulations you can avoid and how to handle the ones you can’t.
As an investor you should know that Brazil is coming back. They may have been going through turmoil over the last few years, but it looks like things are slowly but surely starting to turn around.
Right now is the best time to get in. However, don’t jump in without first doing some research. Don’t sink your money into any Brazilian assets until you fully understand what you will be getting into.
While there is no such thing as free money when you are investing in a foreign market, if you get in at the right time you can make more money than you ever imagined in a relatively short period of time.