The system says that the rich are bad.
Just have a little crisis in the country that start to hunt the witches of the planet. It’s the rich’s fault. Certainly. We live in a time when wanting to be rich or having money is shameful. How can you want to be rich while there are so many people out there that you can not even brush your teeth?
People do not have a single bathroom at home and you want to be rich, you selfish man. This is the thinking of the average banana inhabitant of Brazil, better known as Brazilian.
In the company where we work, we had a 10% reduction in revenue this year and we had a salary adjustment to restore inflation, about 8% that did not come, so imagine that the situation is not very good. We also have late payments from governments that owe us and do not pay us. Other than that we have the news bombing the country and the economy, it was the steal of the damned PTs that never stop being played in our face. He also had a ridiculous and ill-done OXFAM report saying that 1% of billionaires hold more than 50% of the world’s wealth (bullshit), manipulated data, false premises, stupid deductions and so on.
OXFAM is a British NGO that lives off of launching alarming reports and leftists saying that the world is ending and that we will live the zombie apocalypse, therefore, DOE money for OXFAM.
In previous posts here I explained why I invest and what my reasons for it. The life of the investor is solitary, do not think that you will have support (neither from your family, friends or spouse) – the world was made for you to spend, consume, borrow, squander and flaunt on Instagram and Facebook. People of generation Y who say so).
It is a sin to economize, to contribute, to invest and to wait for better days in the future. Telling friends or family who wants to stay RICH is almost sacrilege. Your friends work with a bunch of kids, miserable weddings, alimony to pay and etc will look you through.
First, if you are a man and you are 30 years old and you are not married and/or have no children, you will be judged (envied) and still will not feel sorry for you in the company because you “have no family to support.” I HAVE A BLAME IF YOU MARRIED TO A (NO) NO ONE AND HAVE A BUNCH OF CHILDREN? I?
FIRST, if you want to have money and freedom one day, ADORE THE MAXIMUM YOUR MARRIAGE. ADIE TO HAVE CHILDREN. There is no lunch free. Son is a luxury, give to those who hurt, if you do not think that child is the luxury, YOU WILL FALL! Except if you are more of an irresponsible one in the world who gets marginal to assault others. All the luxuries of life should be postponed if you WANT to be rich one day, which includes children and marriage. And yes, I also do not think it appropriate to roast the value of THREE CARS ZERO KM on a party night to give whiskey with cold salt to anyone.
I’ve never even bought a zero-kilometer car for myself. Well, here begins the chase of wanting to be rich in this filthy country that is Brazil: NOBODY WILL SUPPORT YOU, NOBODY! Everyone will want to see you toast your wages in idiocy to please them, buy zero cars, make idiot trips to post pictures and toast them all in expensive restaurants and expensive clothes. If you win 10k monthly and decide to live alone with 3k and invest the other 7k, you are the WORST DEFAULT AND MENTAL SICK you have ever seen in history, you are the asshole of work who wants to get rich and the family’s “don’t spend guy”.
So, friends, it is not easy to be rich, it is difficult to have a decent job, difficult to make money, difficult to invest in something you give and still harder to deal with people who are questioning your life (even without you ask, speak Nothing, tell nothing, ask for advice or nothing), you are simply in your place while someone will come to you to chat.
WARNING: I AM NOT A PROFESSIONAL OF THE FINANCIAL MARKET. I MAKE NO RECOMMENDATION OF PURCHASE OR SALE OF ANYTHING, AND I DO NOT COLLECT AND DO NOT OFFER ANY TYPE OF FINANCIAL CONSULTING SERVICE.
I will speak INFORMALLY, as in a bar table, about Porto Seguro, which is a company that I am a shareholder.
Http://www.portoseguro.com.br -> This is the safe harbor site, go to investors and read more there.
“Porto Seguro is a Brazilian insurer with headquarters in São Paulo and operations in Brazil and Uruguay. In our country, it is a leader in the insurance market in the automobile and residential segments. It has approximately 8 million customers distributed among various insurance products, financial services, and services in general.
The Company is recognized and consolidated for excellence in customer service and brokers, as well as the quality of services offered. Pioneer in launching innovative solutions, the company develops through its three brands, synergistic products to meet the diverse needs of customers, providing more convenience and loyalty.
The board talks a lot about Porto Seguro, it is the largest car insurance company in Brazil in terms of number of cars insured, its consumers are the most satisfied, it also has credit card, life insurance, home, health, property, business, rent , Transportation, dentistry, social security and consortiums, as well as a financial institution that offers DI funds with fixed daily liquidity (THIS IS HERE I LEAVE MY EMERGENCY RESERVE = equivalent to 06 months of my personal expenses – this is the first thing you have What to do before investing).
As for multiple:
In 2001, Porto Seguro had a net worth of 502 million and an annual profit of 94 million and 5 million in cash.
In 2014 Porto Seguro had an equity of 6 billion and a profit of 876 million annual and 6 billion and 720 million in cash. Debt = ZERO real ROE of 14.6% and margin of 6.1%. It increased, in 14 years, by 12.84 times its own equity.
The average growth of Porto Seguro’s profit in the last TEN YEARS is 14.81%. It annually distributes between 45-50% of the profit to shareholders, is being sold today (01/20/2016) at a PL of 7.7 (which I consider attractive) and has a dividend yield of 4.45% in this value of Today.
See, she is PARTNER OF ITAÚ, in all agencies ITAÚ has a manager selling safe haven every day, THAT IS A GREAT DIFFERENTIAL, PSSA3 is the New Market with tag along of 100% – I prefer to buy companies from the New Market and With tag along 100% because if it is sold I will receive the same thing from the controllers, in theory. I do not know why I like the insurance industry so much, it reminds me that this is how Berkshire Hathaway grew so much, and this company is very well governed, with robust cash, consistent and debt-free earnings growth.
When you want to invest or have an interest in getting to know a company better, go there on its website, read with interest, read at least the last annual release and know where you are treading, and also compare with the same company in the industry if it is in the stock market For example, Sulamérica is also in the bag but it is VERY WORSE than Porto Seguro, can not even begin to compare).
You do not have to hurry, if you only buy it in a month, you have a month to go there on the company’s website and download the materials to read, in half an hour of reading you already know where you are treading. And not that it wants to say anything but the users of safe car insurance are very satisfied and now that she has launched credit card who knows the profits increase even more.
This is more or less my way of analyzing a company:
1 – Be the Novo Mercado.
2 Tag Along 100%
3 The growth of consistent profits (at least above inflation).
4- No or low or controlled debt.
5- Good RI website with materials to read and study.
6- Have a good reputation with your customers.
7- Do not be involved with corruption, denunciations.
8- Do not have state control (Brazil is a VERY corrupt country).
9- Or grow or distribute increasing dividends (if the company does not grow or distribute nothing, there is the rabbit in this bush).
10- Do not focus totally on dividends, the profitability of the share price, neither in PL or PVPA.
Basically, that’s it, this picture was from the year 2014. When I leave 2015, I update my comments about Porto Seguro.