Hello, my friends! I’m back!
Almost one month without a post.
I was traveling, enjoying the carnival, take vacations, staying offline for a while.
But the blog is back!
Let’s go to results:
Total Equity: U$387,421 February 2017
Dividend income February/17: U$ 383
I decided close my position at Banco do Brasil (BBAS3) due to lowest profits, worsening of margins, low productivity and higher prices of the stock. I think it’s very overvalued. I’m selling every month a little bit to avoid pay taxes, I’ve done two big sales. I liked this stock because of his valuation P/E <6 (three years ago) and his dividends, right now this makes no sense to me, I think I prefer growth companies with good financial health.
I bought a new paper too, its ticker PARC3, a public insurance company in Brazil, linked to Caixa Economica Federal, one of the biggest government Brazilian banks. I don’t like government companies, but I have three right now and I’m taking care of this situation.
As I told you I’m buying ETFs abroad and Brazilian REITs in Brazil also Brazilian Bonds, due to my large position in Brazilian stocks.
I’m working on this blog to improve it a little bit too. This post is just to tell about my results.
I’ll post only in English from this post to ahead, so if you want to read it in Portuguese, use google Plugin here at the top right of the page.
I’m still happy to join my first million invested and to see my six digit brokerage account shining to me, I waited this time so long and I worked so hard to reach this, that I’m really happy and grateful for my life.
I hope everything it’s ok with you guys.
In Brazil, we usually say that the YEAR STARTS AFTER CARNIVAL.
So here am I.