Bloomberg Suggests Brazilian Stocks

I just seen an article that they are suggesting people look into stocks from Brazil. I am always big on energy stocks because they are always in demand. some companys I am looking at is 

CEMIG

CEMIG is a Brazilian power company headquartered in Belo Horizonte capital of the state of Minas Gerais. The company is one of the largest power generators and distributors in Brazil being responsible for 12% of the national distribution

Ticker Symbol is CMIG4 and it's currently at 9.25 BRL +0.48 (5.47%) at the end of yesterday's trading (21 may 2020) 

EcoRodovias

EcoRodovias is a Brazilian transportation company mainly focused on highway concessions and associated services. It is one of the largest transportation Company in Latin America

Ticker Symbol is ECOR3 and it's currently at 12.29 BRL +1.10 (9.83%) at the end of yesterday's trading (21 may 2020) 

I'm not a big player but I do enjoy taking a swing from time to time when finding something I think looks good 

Boy, that sure is getting in the weeds of emerging market (EM) w Brazil.  I've never been a big fan on making bets on companies in EM, let alone countries within Emerging Market.  I have EM as a certain % of my  portfolio, and don't deviate too much from that.. 

Also, be careful with EM companies.  A lot of those countries are shady and have no problem "nationalizing" a company.  That means you as a shareholder could get screwed.  As an example, Petrobras is a big Brazilian Oil Company that was flying about a decade ago, only to get caught up in corruption with the  Brazilian Government... So, be careful... and Good Luck !! 

Yeah. I agree Rush. This goes back a long way but before I started helping my sister with her investments she had a financial advisor. She was not a student of her investments and never opened her statements, but when the markets crashed in 2008-2009 she called me in tears. She had $150,000 but was down to just $30,000 at the time of the crash. 

Anyway, she had me look over her stuff and most of her money had been lost in South American investments in Brazil and Venezuela. Her portfolio was 90% international and it got killed worse than over here in the US, which was an awful thing at the time. Imagine people complaining that you lost 50% of your portfolio? But she had lost 75%. The guy was juicing the 1.5% fee with high fee % funds all over the world. The kickbacks must have been nice for the crook. 

As you would expect, I fired the guy immediately and transferred her money to TDA. In January, before Covid19 hit, I had brought her account to $380,000 with her making roughly $30,000 in IRA contributions over the past decade. I always scolded her that 3K was not enough each year, but she always had other plans for her money. I did put her in 20% cash six weeks ago after the 20% rally off of the lows (as I did for myself), so I don't always hit home runs. 

I guess the moral of the story is that there is "investing" and there is "gambling". I'm an investor and I study the markets daily. I was wrong about this additional surge after we got the 20% pop off of the Covid lows, but I always have "somewhat" of a steady plan. An investor always has a plan. Gamblers generally have no plan. 

Some of the people on here are more interested in gambling with the stock market with crazy strategies and knee jerk moves like shorting the market. Last Friday was supposed to be the greatest day in American history to short the market. How stupid of a statement that seems like now?

Gamble,  that's one helluva story about your sister's investment experience.   That's terrible to hear how corrupt some of these advisers can be ; and I'm sure she feels lucky to have you help her out w her investments.  That's really great to see how nicely the account has grown ! 

Thanks Rush. I have been kicking myself for going to 20% cash a couple of months ago. 

But I guess that was better than slinging puts everywhere like a no clue gambler.