Well, I have been down in Brazil for a while. Sorry for not writing more. One thing I have been doing is visiting the stock exchange in Sao Paulo to get a feel for the economic vibe. Things are not as fast-paced as they are in New York, but it is still a good scene. Just take the metro to Sao Bento station and walk a block to the Bovespa Futures Exchange.
While there grab a Portuguese dessert at Casa Mathilde. Delicious.
I would also encourage everyone to begin thinking about reinvesting in PetroBras (PBR), the Brazilian oil giant. Yes, I know they are involved in a corruption scandal. But, that is one reason why I believe the time to buy is now, rather than later.
Here is why I think people should give PBR a chance.
- PBR is a semi-public company. President Getulio Vargas founded PetroBras back in 1953. The company is closely connected with the Brazilian government. Of course, this mixing of public and private agendas has caused problems. Politicians running an oil company is probably not the best idea. However, the reality is that the Brazilian government will not let PBR fail. In the USA, we had “too big to fail” companies. Down here in Brazil, PBR is “too national to fail.”
- The stock price is low for a good reason. Investors dumped PBR stock when the company received poor ratings from financial analysts. American accounting firms refused to sign off on the books sent to them by PBR executives. Everyone knew the PBR financial records were phony. The stock has gone from highs of 80 down to single digits. At this time, it has risen, wow, to $9 per share. That price is a steal for an oil company that will not fail. At some point, the executives who caused the damage will have to go, then the company will return to legitimacy. The price will then shoot up. It is better to buy now at $9, then at $50 or $80. The stock is going up slowly. I am sure rich investors are quietly buying chunks. That is why they are rich.
- Oil is still one of our most valuable commodities. For better or worse, most of the world powers its motors with oil. Until an alternative energy source proves more efficient, oil will remain a commodity of high importance. It will be so during the remainder of most of our lifetimes.
Disclaimer-Be aware that all financial investments involve risk. It is up to each investor to themselves decide if they can handle potential losses.
In Brazil,to do any financial transactions beyond the most basic things, you will need a CPF. This card is the equivalent of the American social security number. However, they use it for much more in Brazil. For example, you need one to purchase a cell phone plan or car. Getting one is not as complicated as made out to be in internet forums. I think some folks enjoy causing confusion. To be honest, most of the paperwork I have completed in Brazil has been handled efficiently. The CPF process was no different. In all, I would say from start to finish it took me about an hour. And, that means TOTAL TIME!
- I went to this site (http://www.receita.fazenda.gov.br/Aplicacoes/ATCTA/CpfEstrangeiro/fcpfIng.asp) and completed the form. It took me about 15 minutes only because I thought “voter district” meant zip code. You do not need to put a zip code. Just leave the ‘voter district” blank.
click country (USA or wherever), hit submit, then click registration (if first CPF), then fill out everything but “voter district”. You need a Brazilian address. They will mail the final card there. However, you receive the number as a printout at the station. That is really all you need. After you fill out this form hit submit again. This time you get a bar code form to print out. Print it.
- Take the bar code form to either a post office (Correios) or the Banco do Brasil. Trust me, it is easier at the post office (Correios) because the lines are shorter. If you go to a Brazilian bank you will wish you had not. LOL!
Just grab a number and then wait. When called, take the form to the attendant and say, “pago CPF”. They will understand you. You only pay R5.80! A small amount. They give you a receipt. https://youtu.be/zklubUIJB0Y
3. Take the receipt and print out to the Receita Federal (Tax Authority)nearest you.There you grab a number and wait until called. Go early in the morning to be first in line. Usually 7am. They give you the CPF print in about 5 minutes.
https://youtu.be/Ya-Y-0GD4fY All of this took me under an hour.
This is the book you have always wanted. It tells you exactly how to get started on a life of freedom overseas. Actual jobs you can do today! We highly recommend it.
This moving story of street children in Brazil is based on real life stories. This engaging film will keep your attention to the end. Remember, these are real children and their stories.
The Beija-Flor samba school captured the 2015 Rio de Janeiro Carnaval championship yesterday. They did so despite of the controversy about their parade floats depicting aspects of African some found disconcerting.
Well, in two months, we begin another season of practicing for the 2016 Carnaval. Hope to see you in Rio!
You know we have cameras set up all over the world. Here is Mardi Gras (Fat Tuesday) in New Orleans.