Stock markets around the world have taken a beating recently for several reasons. One of the main reasons is China. The Chinese stock market experienced a major sell-off the first few days of the New Year, and that event created a dip in stock prices around the globe. Investors are worried about investing in the stock market this year. One of the countries that is experiencing the most uncertainty about stock prices is Brazil.
Brazil’s economic issues have been well publicized. The recession has the country in a tailspin, and inflation is eating away at the income of middle-class Brazilians. Brazil’s currency, the Real, lost more than 40 percent of its value in 2015, and it is still bouncing back and forth on the currency exchange. Brazil’s stock market fell to its lowest point since 2009 recently, and many investors are cashing in and licking their investment wounds.
But not all investors are leaving the Brazilian stock market. Seasoned investors like Igor Cornelsen, the retired banker, turned investment consultant is still active in the market. Cornelsen is one of those long-term investors. Igor’s strategy is to invest in proven growth stocks as well as other stocks that look promising. The growth stocks are his main focus, and the promising stocks are his small investment on tumblr.com, entertainment stocks, so to speak. Cornelsen has had an enormous amount of success following that strategy.
No one knows the Brazilian financial market better than Igor Cornelsen. Igor Cornelsen was very active in the Brazilian banking world for years. He managed some of the largest banks in the country before retiring in 2010. While he was active in the banking world, Cornelsen began to invest in the stock market. He invested small to start and gradually built an impressive portfolio.
When Cornelsen retired, he moved to South Florida and opened an investment firm. His company, Bainbridge Investments Inc., is very active in the Brazilian and U.S. stock markets. He helps other investors find the right stocks that produce consistent returns. That’s not an easy task these days, especially in Brazil. One of Brazil’s premier stocks, Petroleo Brasileiro SA, fell to its lowest point since 2003 recently. The commodity stocks that make up a large portion of Brazil’s Ibovespa have been impacted by falling raw material prices and the loss of exports to China.
Igor Cornelsen likes to tell his investment partners to stay the course in the stock market. There are still opportunities even though the market is unstable at the moment. Economists say stock prices will remain low, and Igor Cornelsen thinks it’s time to invest not cash out. Stock traders have pushed the value of stocks down. There are opportunities to buy stocks now that will rebound this year, according to Igor.