In your company’s first year of activity, what is your perception of the demand for financial education?
Top Gain is turning one year old. The company was created at the height of the pandemic. Low interest rates encouraged people to diversify their investments and isolation gave them more time to do so. We launched the company thinking of helping them in their first steps, although we also seek to serve more advanced investors.
Has the pandemic changed the way Brazilians invest?
For sure. Historically, all financial crises have wiped CPFs out of the financial market. Stock market losses left people traumatized by variable income and led them to safer investments. In 2020, the opposite happened. Investors began to increase their equity exposures and open more accounts. There was also a lot of innovation, with the creation of new products, strategies and platforms for this new audience.
What is the profile of these newcomers to the market?
We have two types of people: the adventurous, who enter because of a fad and can get frustrated, and those who seek financial education. These understand where their profiles as investors fit in and learn to position themselves securely in a market that fluctuates a lot. This second case is very positive.
What made some investments like equities, derivatives and international investments more popular?
These assets naturally have a faster return for those who are well positioned, which attracts everyone. Brokers and banks even facilitated entry to this type of application, after they started to subsidize many things, such as free operating platforms. In general, people migrated because of ease, agility and more attractive prices.
What lesson does the average Brazilian investor most need to learn?
Defending your investments. Historically, when there is any kind of turmoil or panic, those who do not have a clear idea of why they took a position end up desperately leaving that asset. And there’s usually a natural market correction, and that money could have made some profit. So in addition to training and having a theoretical and technical study to know why to join, there is also a behavioral part in finance that is not widespread and that we try to pass.
PENSION FUNDS EQUITY WILL R$ 1.14 TR
The investment portfolios of closed pension funds yielded 7.26% in the first half of this year, informed Abrapp, an association that represents the sector. At the end of June, the consolidated equity of pension entities was R$ 1.14 trillion. The system registered a surplus of R$ 19.1 billion in the first six months of the year. The number of participants reached 7.4 million people.
ZRO BANK RECEIVES A R$ 61 MILLION CONTRIBUTION
The digital bank Zro Bank received a contribution of R$ 25 million from the Brazilian manager Multinvest Capital, and should receive another R$ 36 million from another Brazilian financial institution in the month of October. It is the first round of funding, totaling R$ 61 million, for the bank specializing in real and bitcoin accounts, founded about a year ago in Recife. Investors will receive around 25% of the bank’s capital.
FACEBOOK FALL AFFECTS THE BANKS MORE
The financial system was one of the biggest losers with the fall of social media. In the eight hours that Facebook and Instagram were down, about 1.5 million users were not impacted. The assessment is from influential marketing startup Inflr. According to the company’s director, Thiago Cavalcante, 12 thousand checking accounts were not opened during this period.
ON THE HIGH
1.29%
It was the increase in the Weekly Consumer Price Index (IPC-S) in the second quadrisweek of October. In 12 months, the indicator accumulates high of 10.29%, according to a survey by the Getulio Vargas Foundation (FGV). Despite the high, the result shows a slowdown in relation to the increase of 1.43% registered in the first quadris Semana of the month. According to the FGV, of the eight components of the index, the biggest change was in housing, from 2.03% high in the first quadris Semana to 1.34% in the second.
LOW
0.03%
It was the retreat of the General Price Index – Market (IGP-M) in the second preview of October. According to the Getulio Vargas Foundation (FGV), in the second reading of September the index, which is used to readjust rental contracts, had already registered a retraction of 0.58%. Now, however, the fall of the IGP-M has slowed down. This is because the Broad Producer Price Index (IPA-M), which makes up the indicator, had lower deflation, of 0.32%, in the second preview of October, compared to a drop of 1.06% in the same reading last month .
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