As one of the successful investors in Brazil, Igor Cornelson and his path to financial freedom is unlike others. Instead of taking Finance-related courses during his education days, Cornelson is a studied of engineering at the Federal University of Parana. However, when the field of Economics caught his attention, he never let it go and switched to an Economics course.
Igor Cornelson worked in a lot of banks throughout his career. First, he served as an investment banker in Multibanco. He worked hard until he reached the highest office. Multibanco was acquired by Bank of America. After his time in the former firm, he also worked at Unibanco and Libra Bank PLC. While he is serving his clients during his time in different financial firms, Cornelson developed his skills as an investor. These skills and his past experiences in the corporate world made him one of the biggest and most successful investors in his country.
Investing Tips from Igor Cornelson
1. In avoiding financial loss
According to Igor Cornelson, there is the perfect time for perfect opportunities. That is the reason why timing is more important than capital. There are times when the investor needs to lose some of its capital in order to realize a bigger gain. However, if losing continues, it is better to cut loses and think of a better strategy.
2. In starting investment
Investing is never too late, but would be better if started early. This is because gains in investment also depend on the time it was started. The earlier you started, the more gains in both capital, skills, and experience will be reaped.
3. In working with a mentor
Getting a grasp in investing is doable, but is easier when a mentor is involved. The learning curve is shorter, and real learning begins early.
4. In diversifying the portfolio
If you put everything in one place, you either win in double or lose everything you have. The purpose of the investment is to gain as much as possible. Putting investment in a diversified portfolio cushions risks.