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21 comments
It’s funny how this works.
Make a video about investing in almost any other country and the locals show up in the comments like an unpaid tourism board: “Great opportunities here! Stable market! Come invest!”
Make a video about investing in Brazil and Brazilians immediately form a line in the comments to explain why the country is a disaster, why nothing works, why the economy is doomed, why they have the "biggest" tax in the world, and why any investor should run away as fast as possible.
If self-sabotage were an industry, Brazil would easily be the global leader.
A Brazilian who has never spent a single day living abroad is about to show up and explain how Brazil is the most taxed country on Earth in 3… 2… 1…
For anyone who thinks broken accounts countries (such as Italy) who offer you "tax free/ low tax deals" are a good idea, think: how are countries with booming Debt / GDP, a growing aging population and low to no growth for decades plan to balance their books?
I just noticed that I'm not getting YouTube recommendation even though I'm subscribed with the bell. I guess they don't like this channel
Is it true some Singapore banks are refusing to open accounts for Canadians ? I tried to open an account with a Singapore bank following all their requests doing the process online before visiting Singapore and got the cold shoulder halfway through the process . No reason given just that they no longer open accounts for Canadians as of next week . Is this a new thing or am I just not sexy enough ?
Hope to see Live Like a King São Paulo. I feel that city is underrated for the many options it offers.
Eu vim procurando outro país e não o Brasil hahaha
Brazil is a dystopian nightmare – this is erroneous. And foreigners are taxed up the wazoo.
>I went to public school
💀💀💀
I'm from Brazil, what i would say is that our inflation can eat up the gains you've made if you deppends on doing the currency exchange to spend the money you earned. Brazil is not a "money hack" if it was, it would be a bigger market then it is today.
The only issue for a foreigner invest in Brazil is the exchange risk while Real is kind of volatile. If its a risk that may be fine for you, that’s fine.
you have to open a Brazilian bank account and with a stock broker account. But there is a catch, in jun 2012 two Brazilian real can exchange one USD, today its more than 5.5 real to one USD, so there is risk of exchange rates as well as stock!
Im from brazil and thats true but works only for a short period of time like 1 or 3 years, on long time you will lose lot of money cause of devaluation of current, many people do carry trade, got money from japan with low taxes and invest in brazil
You got to be kidding me. Brazilian political landscape is a mess, debt is skyrocketing, legal security is inexistant and Real is the 4th most depreciated currency in the past 10 years (60% vs Dollar) if we consider peaceful and democratic countries. As a Brazilian I moved with all my money to Canada. If you have appetite for risk, Brazil is a place that deserves your attention. Good luck!
Okay… let's go. There's an internal political debate about taxing the country's wealthiest and increasing the tax exemption for the less wealthy. The law to tax the wealthy was overturned by the Brazilian Congress, resulting in a stalemate between the executive and legislative branches, which reached an agreement.
Currently, the exchange rate for purchasing or remitting dollars is set at 3.5%. Before this stalemate, the rate was 0.5%. In other words, if you buy shares in Brazilian companies that distribute dividends, you'll receive them in a Brazilian account in local currency (Brazilian real)… and remit them abroad, paying 3.5% on the amount you earned.
Now, let's talk about companies. There are some companies in which the Brazilian government has stakes. In my personal opinion, these companies are the best to invest in. Do you know why?
Have you ever seen a city hall, a state in your country, or a poor country? The answer is no! So the Brazilian government wouldn't invest its public money… in companies that don't generate profits! Like Petrobras, Vale, or the company that builds and exports aircraft abroad, I'm talking about Embraer! These are some of the companies I would invest in, in addition to Banco do Brasil and Caixa Econômica Federal.
Now, do you really want to know if it's worth investing in Brazil? Research the life story of Luiz Barsi Filho. He started investing in 1970. In a 2021 interview, he said he received dividends per day… that's right, about $200,000 at current exchange rates.
Now comes the icing on the cake… The video mentioned the problem of the local currency being devalued. Correct.
But don't forget the big specter that's haunting Trump these days… called BRICs. BRICs are a group of countries representing 60% of the world's population. BRICs were created so these countries could trade with each other, that is, buy and sell, so they wouldn't be held hostage by the US dollar.
This is Trump's biggest fear: that the BRICs will create their own currency to compete with the dollar!
Now, if you've read this far and are smart… you'll be able to put the missing pieces of the puzzle together… and know the final outcome!
I'll give you a hand… if I buy stocks now… keep reinvesting the dividends by buying more stocks… and if by chance the BRICs create a new currency… will the dollar plummet? And will the new BRIC currency appreciate dramatically? And will the BRIC countries adopt this new currency?
Tell me what you think below.
High dividends are almost always a red flag. No company is bleeding dividends just for sake of. Do your own research first
I transformed my mining rewards into bellarium network—feels like finding the next Bitcoin.
Saying that there are lots o opportunities in Brazil reminds me of a real estate broker telling me that a run-down home has lots of potential.
Tax free 18% dividends but currency risk? If you believe the Real is going to decline, short (futures) an equivalent Real contracts to the initial real investment amount.
Brazil is a piece of 💩. Do not invest in here, you will lose money.
Rules in Brazil don't mean much. There is always a catch.