Brazil is proving to be one of the best places to invest in 2015. Many people are looking to take advantage of the country’s financial woes to make a bundle. Brazil’s market value has dropped to an all-time low, and its dollar value has dipped to its lowest level since 2005.
Many analysts are saying Brazil is the place to go if you’re looking to make some real money. “With everything being marked down, smart money says Brazil is the best place to go,” says Scott Bok, CEO of Greenhill Investments. Although Brazil’s market has always had the tendency to expand, the unfortunate by product of that is corruption. Many analysts believe the country’s government is solely responsible for its woes.
Although many banks in Brazil suffered some under the populist policies, banker Igor Cornelsen gives a lot of insight as to why a few private banks were able to weather the storm. According to Cornelsen, knowledge of the market can make all the difference in the world. “You must know the basics,” according to Cornelsen. The long-time investment banker, who currently runs Bainbridge Investments, Inc., has a solid reputation as a financial advisor.
Cornelsen’s strategies often include long-term investments. He always coaches clients to do their homework, and avoid companies plagued with problems. Cornelsen also encourage investors to keep an eye on connected markets like China (Brazil’s largest trading partner) so you can get a better grasp on investments. Although Brazil’s market is a bit shaky, Cornelsen says the exportation of goods should put investing back on pace.
Potential investors would be wise to steer clear of energy stocks. Currencies and equities are slated to do good in the long-term. The bottom line is – get all the information you can before you invest. Brazilian investment blogs have a good deal of information.