Igor Cornelsen is a top banker and expert in Brazil, a country whose banks seem to profit even in troubling economic times. In 2014 alone, the top two banks in Brazil saw their shares rise by an astounding one-third, while the country itself reported absolutely no economic growth for the year. With experts still trying to figure it out, Cornelsen lent some insight in a PRNewswire article.
Igor Cornelsen believes the key to weathering the storms in Brazil lies in knowing the market and having experience over other troubled times. It’s really quite simple; bankers in the private banking sector are only spending their time lending money to borrowers that have the most merit and worthiest credit. Not only does that help minimize loss, but also gives them a better sense of security. The economy in the public banking sector suffers more because the people with less desirable credit cannot find funding in the private sector and must go public.
And Cornelsen thinks Brazilian stocks are worth investing in. As he points out, Brazil is the “largest economy in South America and the eighth largest economy worldwide.” That economy is backed by some of the largest banks in the world and the now-finance minister is bringing hope of economic reform for Brazilian banks.
Since Igor Cornelsen also believes in having your eyes in more than one place, investors should keep their eye on China. If you’re investing in a country, you should also be paying attention to that country’s trading partners as well. Keeping an eye on every aspect of an investment will always help lead to more profits. And coming from one expert to his investors, with China being their biggest trading partner, Brazil should be experiencing much more competitive exportation of manufactured goods. And Brazilian private banks are the biggest investors. Brazil banks may be the place to invest.