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.
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 stock broker-dealer available in 170+ countries and 100% in Portuguese, you can deposit via TED, convert your money into US dollars and take the next step toward a dollarized portfolio!
Investing in US stocks 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.
In general, people who invest in stocks can profit in two ways - either from asset appreciation or dividend payouts. By investing in stocks from the US market, you have the benefit of potentially earning profits from your investments in a strong currency like the US dollar.
Have you ever thought about receiving dividends in dollars? Not every stock pays a dividend, but a steady, dependable dividend stream provides a nice addition to a portfolio’s return.
Click here to create your Passfolio account. It only takes 5 minutes!
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!
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.