No one knows the Brazilian stock markets better than financial guru, Igor Cornelsen. With many years in the business and knowing how to invest money that will reap benefits for decades to come, he is one of the first person that clients go to when they need advice on where to put their money on prnewswire.com, and how much of it to put there.
Lucky for those seeking knowledge, Igor Cornelsen is offering some free advice on Brazilian banking basics. For starters, private Brazilian banks are dedicated to only lending money out to those that they feel a sense of security in. Meaning if you have a bad history of paying back loans, don’t expect to be getting a loan from them anytime soon.
Igor Cornelsen also says it is important to know the basics about Brazil’s banking system, which has ten major private and publicly owned banks. He also has hope in Brazil’s new finance minister on crunchbase.com, who is turning the country to more traditional methods of economic practices within the banking world. Finally, when it comes to investing he advises people to observe the country that Brazil has closest trading ties to: China. A strong Chinese economy is a good indicator for the Brazilian market.
In regards to specific investment advice, Igor Cornelsen raves about investing in passive income for a variety of reasons, the first of these being that it has no direct involvement. Igor Cornelsen says this is important as people can make money without having to put in the long hours when they are sick or tired. It also offers a continuous flow of income. This ensures that income earners won’t have to be present at all times, and can still make money (giving a literal definition to the term “making money while you sleep”). Finally, unlike active income, passive income does not require you to invest a large amount of resources. There is some investment at the beginning and after that you don’t need to worry about continuous investments like you would with active income.
Obviously Igor Cornelsen knows his stuff when it comes to investments and private banking. With many years in the industry and countless success stories, it would be a wise decision to heed any advice he may give now or in the future.