The economy of Brazil is booming. Brazil had long struggled with a poor economy. In 2003 this really began changing. That is when its economists started fixing what was broken by building up foreign reserves and reducing the present debt.By 2008, the country was doing so well financially that two credit unions finally awarded it investment status. In 2011 its GDP was over $2 trillion, making Brazil the seventh largest economy in the world. Today it is one of the most sought after locations among investors. It is particularly prized among them for its natural resources; it is the second largest producer of iron-ore anywhere in the world.
Iron-ore is only one of its abundant natural resources. It has many and is a huge supplier of countries throughout the world. In fact, it is today China’s main supplier of natural resources. All of this may make it seem like investing in Brazil’s natural resources is a sure thing. No way! Although it would be a very good investment, most investments of any kind are not a sure thing. In addition, even with its rich economy Brazil has yet remained a somewhat politically unstable. However, one who decides to take the risks and invest the time should by investing in Brazil’s natural resources should first register with the Brazilian Central Bank.
Investment is not a good get-quick strategy. It takes a whole lot of patience because it can take a whole lot of time—sometimes many years. This is why the Brazilian investor Igor Cornelsen is so good at it. Cornelsen first made his name as a successful Brazilian banker. Having retired from that career, Cornelsen has gone into an investment career head first. He is an incredibly patient investor who is willing to spend years giving his all to the development of an investment. He becomes so passionate about each investment that he has become an expert on all of them. That kind of commitment is what it takes to be a good investor—particularly a good investor in Brazil.