Igor Cornelsen is Retired, but Still Gives Important Investing Advice


Posted by omeditors | Posted in Investment Options | Posted on 25-02-2016

Born and raised in Brazil, Igor Cornelsen is the head of Bainbridge Investments, a firm based in the Bahamas. He started out in the banking industry managing some of Brazil’s best and largest banks, then left that job to focus on investing. He works hard to give investors advice to help them save and not lose money. With his vision, Bainbridge has helped transform lives, including the Burger King company. He retired in 2010 and lives in Boca Raton Florida, where he loves playing golf. He still spends three months a year in Brazil.

To get the more coverage and leverage, his advice gets published online. With the World Cup recently held in Brazil and the 2016 Summer Olympics coming up, the mainstream media is paying more attention to Brazil than ever. And the threat of the Zika virus is increasing that coverage. This includes reporting on Brazil’s economy, Cornelsen’s specialty.

In one facebook article published the end of 2014 he reports on how the former president’s “new economic matrix” did not help the economy as intended. Yet Dilma Roussef, the new president, didn’t plan to change the old populist policies. Cornelsen favors a return to an economy ruled by the market.

The new economic matrix was responsible for reducing the value of Brazil’s stock market and limiting growth in GDP to under 2%. Because Brazil is the 8th largest economy in the world and has a lot of natural resource wealth and a large agricultural industry, it could do a lot better economically, with the right economic policies.

He identifies Joaquin Levy, Finance Minister, as Brazil’s best economic hope. Levy has a Ph.D from Chicago University and previous experience working for Brazil’s government.

Igor Cornelsen also notes the negative effect of a series of financial scandals at Petrobras, the Brazilian energy company. They will force the company to adjust their balance sheet, and the share price will fall.

Despite its problems, Brazil has over 200 million people, is a top agricultural producer and is the largest country in South America. Cornelsen advises business investors in the country to form relationships with Brazilians, to be prepared to deal with the bureaucracy and to learn how to deal with the legal restrictions on foreign currency transactions.

In other areas he has explained to potential business investors there are ten major privately-owned banks in Brazil. They grow every year and contribute to the economy.

He advises paying close attention to China. They are Brazil’s largest trading partner, so they are fueling growth. However, they are also Brazil’s largest export competitor.

Brazil’s currency is the “real.” For years, Brazil overvalued the real, which was bad for their export market.

Cornelsen believes in investing for the long-term. In the short run, you cannot predict stock market movements. At any time, stocks may go down. At any time, they may go up. Over time, especially given economic policies that encourage economic and business growth, stocks go up.

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