Convert your local currency into US dollars and invest from a regulated broker-dealer.
From the beginning of the year until September 2020, the US dollar has appreciated more than 30% against the Brazilian Real. At its yearly high, the “commercial dollar” reached R$ 5.90, while the “tourism dollar” surpassed R$6.14.
Sources: TradingView and G1
A currency’s buying power is of great importance to preserve investors’ wealth. Investing in a strong currency generally means seeking security for your investments, being a possible strategy for diversifying your portfolio.
Making investments in a strong currency like US dollars can be easier than you think. With Passfolio, a US regulated broker-dealer available in 170+ countries and 100% in Portuguese, you can deposit BRL via TED, convert your money into US dollars and take the next step toward a dollarized portfolio!
Investing in US dollars can be a good way to diversify your portfolio, while also exposing it to the dollar variation. And you can do it easily through a registered broker-dealer: Passfolio is a member of FINRA and SIPC, which protects securities customers of its members up to US$500,000 (including US$250,000 for claims for cash). Explanatory brochure available upon request or at www.sipc.org.
After signing up, download the Passfolio app on the App Store or Google Play.
All your investments can be managed from the palm of your hand.
You can deposit just $100 to start. We accept deposits via wire transfers, TED,
Remessa Online and other methods.
With Passfolio, you can convert your local currency to dollars and trade
3,800+ US stocks, ETFs and REITs, all with no commission fees*.
* Securities less than $5 cost $0.02/share. Please see our disclosures on other charges.
Click here to sign up for Passfolio today and create your account by sending us some basic information about you. It only takes 5 minutes!
After signing up, download the Passfolio app on the App Store or Google Play. All your investments can be managed from the palm of your hand.
You can deposit just $100 to start. We accept deposits via wire transfers, TED, RemessaOnline and other methods.
With Passfolio, you can convert your local currency to dollars and trade 3,000+ US stocks, ETFs and REITs, all with no commission fees**.
* Please see our disclosures on other charges.