Igor Cornelsen is a longtime investor and banker who has lived most of his life in his native country of Brazil. He was a very prominent banker in Brazil and led a number of the largest banks in the country. He retired from banking in 2010 and now splits his time between Brazil and South Florida.
As a part-time job and hobby, Cornelson has an investment firm in South Florida named Bainbridge Investments, Inc. In addition to managing his client’s portfolios, he serves as an investing and financial consultant to high net worth individuals.
Igor Cornelsen says that when investing it’s best to avoid damaged companies as the whole point is to make money when investing, not lose it. A company that is damaged is not a good investment as so putting money into them isn’t a good idea. However, he says that sometimes good companies have damaged stock. When this event occurs it’s a great time to put money into it as it is likely the stock won’t be damaged for long and will return to the value that it should have. In this way, you can invest at cheap prices and make an almost guaranteed return in the long term.
Other investing advice that Igor Cornelsen likes to explain to people is to start investing when you’re as young as possible. The sooner you put money into the global stock markets the more effective each dollar is. $200 saved and invested a month when a person is 25 is much more valuable at age 65 then $200 invested every month when someone is 45. This is because the earlier saved money had 40 years to grow instead of half that. Due to compounding interest, one of the biggest factors in having enough for a successful retirement is time.
Cornelsen also suggests people get a financial adviser, at least when they’re starting out investing. Once someone is familiar with how the markets work and how and when to rebalance account they can then try to handle their portfolios on their own. http://www.lulu.com/spotlight/igorcornelsen