Igor Cornelson is an investor and well-known retired banker from Brazil. He has released three very helpful tips to help you maximize your gains and avoid common pittfalls when investing in the Brazillian market. After finding an authorized bank to assist with both foreign exchange and local regulations, the tips can also be applied generally to international investing, as many countries likely have similar pitfalls.
- Be sure to research all of the currency laws and restrictions, as they vary greatly depending on the type of transaction. It is important as an investor to know the restrictions.
- Network with the local natives. Brazil businesses thrive through relationship based sales and networking with the locals. In fact, One in four of Brazilians between the ages of 18-64 are “self-starters” in business. Brazil as a culture is open and conversational; the aforementioned “self-starters” would gladly provide invaluable feedback and advice whenever solicited. Outside of Brazil, networking with locals in their native country who are business savvy can help you gain insight into the local market.
- Get ready for a lot of issues with regulations (otherwise referred to as “red tape”). The Brazilian government has a lot of said “red tape“. As mentioned in the first tip, you will want to make sure you are familiar with the restrictions specific to the type of transaction as well. The Brazilian government is known for having lots of restrictions but under-performing, so issues are quite common.
The Brazilian market is indeed growing, but it is still quite delicate in the economic waters. It’s quite telling that even after retiring from banking and moving to Florida, Igor Cornelson still has a Brazilian investment firm helping international investors. His sage advice has helped many grow their personal investment portfolio while navigating the tricky waters of international investment.
Know more: http://igorcornelsen.wikidot.com/