It seems that in January 2017 the bovespa (São Paulo Stock Exchange) gave a good breath, a good climb and with it my heritage.
It’s been a while since I’ve been looking at my stocks in Brazil since I have not bought any of them for some time. My last contributions were in real estate funds and also abroad. I used the dollar yesterday at 3.13 and bought some U$ 500 to feed my account at BB Americas.
Without wanting to buy HGLG11 again, I confused the code with another fund that I wanted to buy and now it is more heavily loaded than the other six I already own. That thing happen.
I failed my password on Interactive Brokers three times, the account was blocked and had to call there (international call costing 0.25 cents by TIM, lasted almost 30 minutes). The woman who answered asked all the security questions and it is good not to err because if you make a mistake you should give a tremendous roll. I wrote down all my passwords on paper and put it in my wallet to look at and decorate.
The wealth finally comes up as it is deserved (help there bovespa!).
See that with R$ 800,000 in shares in Brazil, on a day that the stock rises 2% this equity there rises R$ 16 thousand.
CIELO’s fourth quarter results came out.
14% increase in profit in 2016, reduction of debt, the small decrease in margins.
The company follows round, I’m still a partner.
The hysterical folks are saying that CIELO will go bankrupt because they only have credit card machines and tomorrow everyone will pay the bill with the digital finger discounting from their bitcoin account. Beauty.
I just want to know who is going to offer the digital sign-in machine. Many people have to understand that Cielo is a PAYMENT company, which means that it is not “credit card machine company”, are two different things. Also, it will pay dividends of $ 0.16 cents of dividends per share. Okay, Cielo, I’ll forgive you if you increase your profits by at least 15% in 2017.
The last money contributions in my account of the brokerage Rico were to buy a Cemig bond that will win in 2025 paying 9.5% a year + ipca and has an income tax.
I closed my position in the same CEMIG (MG’s state electric company “utilities”, sold everything I had and applied for the money in ENGIE (EGIE3). If it is to have electricity at least it is a private one and that has good management, good margins, growth, profit and controlled debt. I think CEMIG has changed its hands and is paying a lot of debt and has very high debt.
Another thing, CEMIG is public and government managed, whose current governor is the PT (a fuckin leftist political partie), right? Only then did you see. The state of Minas Gerais is broken and I have no way of knowing how the governor will bleed Cemig to cover this debt, either by increasing the dividends even if it’s bad for the company and/or by failing to raise the tariff to make an average with the population.
As we see, the RS marvels, ravaged by Luciana Genro and Tarso Genro is owing to the back of the pants, MG too, and RJ of the Eike Maravilha and Porto Maravilha too.
I was already very annoyed with my position at CEMIG and I sold it, I came out in good profit because the quote has gone up, but this is nonsense in the long run.
Thus, the only two public companies that I have are Banco do Brasil (BBAS3) and Banco does Brasil Seguridade (BBSE3).
Banco do Brasil has already said it will reduce dividends and sacked a lot of people and will close branches.
For a change, the PT government has screwed up this state-owned company, which has bled a lot, took defaults from Venezuela (obvious), Sete Brasil (rented probes for Petrobrás) and already failed. Anyway, the bank of Brazil is used in a lot of thefts of the Federal Government that I hope they stop a little. It was the first stock that I ever bought in my life, looking at stupid things like P/E , DY, and payout, three horrible dice to choose a company to buy. Despite all this, the asset has risen 50% since I have it and has already paid me good dividends. I’ll follow.
Only Itaú, Odontoprev and BM & F Bovespa paid dividends in January, together with my Real Estate Funds, I received a total of:
R$ 1140.84 (U$ 364)
Thanks to seven real estate funds (REITS) that I have.
If you were to wait for the shares you would earn only U$140.
More and more it seems that the crisis has come in the dividends of bovespa. I think we have reached the same time with a well diversified portfolio expect a yield of 2.5% a year, similar to what happens outside, with plus the high volatility of stocks here. Bovespa is not for everyone.
The companies are indebted or wanting to strengthen cash and are not very keen to pay no dividends.
I think I can put more + R$ 1000.00 (U$319) in this account for the valuation of my LFT (short government bonds) that I should have R$ 101,000.00 (U$32,268)
That gives about R$ 2140,84 (U$683)
As you see, to see the color of money only if you are buying real estate fund really.
Anyway, R$ 2140 (U$ 683) would cover about 25% of my current expenses today. Not bad, but not good either.
I’m here in the fight reading Michael Lewi’s books.
Post without much deep thing because it’s just to talk about the closure itself.
The international portfolio comes all in the same positive, without any unpleasant surprises.
Figure out why?