The dollar has been on an upward trajectory against the real for some time, and is closer to R$6 than ever. Projections indicate the possibility of rising even further. In this scenario, the question remains: is it worth buying dollars now? It is important to remember that the strong dollar is not a Brazilian “jabuticaba”: it is strengthening all over the world . However, the problem is that Brazil has been the 'worst student in the class', even though everyone in the class is doing poorly. Our friend Betina Roxo (XP) posted a graphic on her Instagram that clearly shows that the real is the currency that has depreciated the most against the dollar among all emerging markets : chart - emerging currency in relation to the dollar There are risks of the dollar rising, but for us this does not answer the question of whether “I should buy dollars.
Our answer to this is: don't buy dollars, invest in dollars. What do you mean, investing in dollars? In other words: we are not telling you to buy dollars and store them in your mattress, but rather to invest in assets that are “dollarized”. Did not understand? The text will explain Brother cell phone list it to you, continue reading. Forget the idea of buying dollars Firstly: why not buy dollars directly? Because, by law, you cannot use dollars in Brazil to buy products – there is no point in having that money on hand. Furthermore, the exchange house will always take advantage of trading with dollars, so it will sell you the dollar at a much higher price than it will pay you if you want to exchange dollars for reais. One solution would be to buy shares in an exchange fund , as they will follow the fluctuation of the dollar. It's a path, but we don't like it, because the currency itself doesn't pay interest, doesn't generate cash flow, or pay dividends. In other words, it does not generate value by itself.
Okay, so why “invest in dollars”? Diversification is the market's last free lunch: fundamental to a winning portfolio is being diversified. We strongly believe in this, which is why it is important to avoid having 100% of your portfolio in Brazilian currency. Technology is winner In the current moment of crisis, in which the actions of the Central Banks are fundamental for the recovery, the USA has advantages compared to other economies. Not only because the American government's capacity to act efficiently is greater, but also because the major beneficiaries of the crisis, the “stay at home” companies, are American and are listed on the stock exchange there. “Tupiniquins” limitations Added to this is Brazil's lack of tools to protect itself from the crisis and the risk of having fiscal problems in the future if the economy “goes off the rails.