American investors understand the contours of their own banking system, but might not fully understand the intricacies of Brazil. On CNBC, financial expert Igor Cornelsen offered tips on investing in Brazil, including discussing the top banks. One of the banks highlighted was Caixa Economica Federal (CEF).
“Is Caixa Economica Federal Like Freddie Mac?”
During his April 2016 CNBC interview, Igor Cornelsen offered tips on investing in Brazil. Understanding the role of the top banks was part of Igor Cornelsen’s advice. The top public bank in Brazil is Caixa Economica Federal, founded by Emperor Pedro II on January 12, 1861.
The primary “pseudo-governmental” banks in the United States are related to housing: Freddie Mac and Fannie Mae. These benefit from the higher credit rating of the federal government. Caixa Economica Federal offers some housing loans, along with other financial services. Read more at http://igorcornelsen.tripod.com/
“CEF Financial Services”
Caixa Economica Federal is a hybrid bank offering real estate loans, pawn broker services, lottery management and also funds disbursement to the poor. This range of financial activities has created an interesting risk rating for potential investors. Igor Cornelsen has offered tips on why investing in Brazilian banks, like Caixa Economica Federal, might make sense.
Lottery proceeds are basically guaranteed income. These can be easily calculated and winnings can be adjusted to cover shortfalls. Funds are donated to local Brazilian sports teams and charitable organizations.
Mr. Igor Cornelsen understands that real estate investors may want country diversification in their financial portfolios. Brazil remains somewhat undeveloped in its real estate system. The good news is that Brazil has not experienced a sub-prime mortgage crisis yet. Source: https://pt-br.facebook.com/igor.cornelsen