Igor Cornelsen is known for his smart financial sense, especially as it relates to investing in the stock market. At one time Igor managed a massive percentage of Brazil’s entire gross economy. He built his success on the understanding that investments are a lifelong commitment that you need to be committed to like you are committed to your career. He is a big advocate of spreading your money out over several companies instead of placing all of your eggs in one basket. Going after the “hot” company is not advised. Instead, look for companies that have had consistent long term success. He advises people to steer clear of “broken companies” and stick with success and reputation.
He currently works for Bainbridge Investments, Inc. which is located in the Bahamas but spends most of his time these days in southern Florida enjoying his golfing hobby. He is also involved in a lot of consulting work focusing on helping investors make smart, long-term investments. He’s a strong supporter of the phrase “There’s No Such Thing as Free Money” and stresses the fact that this type of investing is not a get rich quick scheme. Currently, his focus is on the Brazilian market and he encourages others seeking advice to consider Brazil as well.
Igor Cornelsen advises busy investors regarding Brazilian stocks by coaching them with the basics of the financial market in Brazil and provides three key tips on how to deal with the challenges of investing in Brazil.
First, he encourages people to network. Connecting with the locals can lead to valuable insight. Brazil has many eager entrepreneurs that are fairly social in nature and love to share their successes and challenges.
Finally, he stresses the importance of understanding foreign currency restrictions. It is required that you use an authorized financial institution for currency transactions. There is also not a single exchange rate but will vary based on the transaction. All of the rules and regulations can be tough to navigate but he explains that’s what makes the payoff even greater in the end.
Igor Cornelsen’s philosophies are not complex. Focus on investments long-term. Knowledge is king; do your homework on the companies and countries you are looking to invest in. Don’t be afraid to invest somewhere new but be prepared to understand the challenges. Finally, be diverse. Spreading your money out will be the most beneficial to long term success.
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