RIO DE JANEIRO, BRAZIL – They say that when someone buys stock in a company, they become the owner of a part of it, without the responsibilities of a majority partner. However simplified this definition may be, it is accurate. And now, for the first time, any Brazilian wishing to invest in American companies can do so: an account at an online brokerage house is all it takes (most do not charge a maintenance fee).
Since last Thursday, October 22nd, the trading of BDRs (Brazilian Depositary Receipts), which are equivalent to shares traded on US stock markets, has become a reality for those who have an amount to invest. Before the change in regulations, small investors had no direct access to BDRs, available only to those who had over R$1 million or through portfolio investment funds in the American stock market.
The number of Brazilians who decided to place their money in big techs in these first two days of operation is still being compiled, but before the regulation, until September, the most traded stocks through the B3 (the Brazilian stock market) were Apple, Amazon, Mercado Libre, Microsoft and Tesla.
The latest survey points out 671 BDRs that can be traded, in addition to the 401 shares of Brazilian companies. Therefore, there are no lack of options for those willing to invest a part of their savings in another kind of asset. But, as usual, caution is recommended: stocks fluctuate daily. If you can’t stomach it, keep well away.
Source: Veja