One rule of investment is to renovate but never to overcapitalize. Igor Cornelsen has played by this rule all over his career. Born in 1947, Igor pursued engineering at the Parana Federal University. Later, he graduated with a Masters course in Economics where he became the best performer in the class. His investment journey began in early 1970 where an investment bank employed him. Due to his enormous skills in calculating rates, he was elevated to the position of the board of director for Multibanco bank. What are his success tips?
Consider the long-term game
Every investment plan needs an investment strategy and as the adage goes big risks big reward. Consider investing in a business that is long-term. According to Igor Cornelsen, investing in a long-term investment is the prudent thing if you wish to make more money. Educate yourself on investment opportunities before investing. This will cushion you from making suicidal errors.
Grab available opportunities
Igor Cornelsen motto has been the same grab available opportunities. To him, it is a poor choice to buy damaged companies because you might overcapitalize and end up losing your investments. Additionally, but investing in companies you will most probably fail to make quick cash, and it might cost you a fortune. To him, an ideal investor needs to steer away from depreciated companies and stick to depreciated stocks. Why? This is because a company’s capital worth may depreciate well below the company’s value; hence if you identify this loophole grab it by the horns because the returns will be monumental.
Diversify your investments
The secret to long-term success is to diversify your investments. Cornelsen argues that putting your eggs in one basket can cost you a fortune. Overcommitting your finances to one investment is too much of a risk that your heart can’t handle the disappointment of losing the money. In short, always look for companies which have a positive track record.