“ I saw the writing on the wall when Biden was selected. Cashed everything out and invested in Brazil. They still have Bolsonaro in office and conservatives have a majority bloc in the parliament. Even if the corrupt “commie” wins the corporations are still in charge. I’m also in Thailand investment. Our diversity is our strength.”
How’s that currency exchange treating you?
The currency exchange is more of a curiosity. Mildly positive/improving over the long run due Br raising rates 2 years before the US and now having the option of lowering rates to improve GDP (but don’t think they will do so -cuz rest of the world sucks worse).
I’m in Br mostly for the dividends which, going into a likely global recession, removes the worries of loss of asset values/trading losses.