Clipping of news on Brazilian Culture, Law and Citizenship
03/14/2014
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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Consortia cars pull high outstanding goods, with 12 % increase in the number of unused credit cards - diversity of models and justify election year decision
Who bought a consortium theoretically wanted to purchase a car, a house or some other well - preferably relying on luck to be awarded the draw as soon as possible , right? Not so much . Data from the Central Bank ( BC ) show that , in January , the number of pending property acquisition by letters of credits - between mobile and immobile - slipped 7.68 % compared to January last year . 353,991 shares of consortia are already covered that have not been used by their buyers .
SXCNo housing market , rising prices increased the use of letters of credit already contempladasPara the sector , the increase in the number of outstanding assets not worry . Paulo Roberto Rossi , president of the Association of Administrators Consortium ( Abac ) acreduta qye this normal movement , especially if we consider the 9.6% increase in the number of clients in 2013 . The sector ended the year with 5.7 million shareholders , a record volume . " This curve is closely associated with consumer choice , even ," he says .
Many reasons can be intimidating who was contemplated by the consortium . Traditionally , election years cause some decrease in consumption due to uncertainty spread across the market. Events like the World Cup also generate some degree of doubt , especially when the expectation is of demonstrations and unrest before and during games .
The responsible for this increase is the sector of vehicles , in which the number of outstanding property is 12 % higher than in the first month of last year . You, the automotive market brings a particular feature . " Today 's consumer has a huge range of brands and models , it is natural that he prefers to wait to purchase another vehicle at a more opportune time," he says.
While not the desired model goes on sale or the value of the letter of the consortium, the fact is that the client does not lose money. " His money will fix suffering according to financial application that manages this investment ," said Rossi . Most consortia applied in fixed income securities , which are corrected by the base interest rate , the Selic . " He ends up having an estimated savings and then decide how to redeem . "
As the real estate market works
In the housing market , the context is reversed. The number of outstanding assets fell 2.62 % - a result of frank rise in property prices , which alarmed the candidate own home . "People rushed to buy the property even though a return on the deposit amount not to run that risk," says Rossi .
After all, what is happening with the voracious Brazilian consumer and the repressed demand for real estate and cars ? Probably the first clues that the immediacy of consumption may be starting to give way to some financial enlightenment. The Brazilian is learning to wait.
Consortium is a savings , but as an investment , the risk is high
The tool works well for those who have no financial discipline and can not make a long-term savings , but does not serve as an investment. Most of these contracts has just corrected by the base rate of interest that , in the last newsletter Focus expectations , should end the year at 11 % , offering a rate of gross real return of 4.62 % - excluding taxes and management fees . If the Selic not get there , profitability can get very close to a National Treasury Bills ( LTN ) maturing in 2015 , for example , that has real gross rate is 4.38 % - but has no management fee and prior to the expiration of the consortium .
In the case of consortia of cars , for example , the management fee is around 2.6 % per year , excluding the capitalization . In the case of real estate consortium ( 120-200 months) , around 1.14 % per year. " The best investment is always to create other sources of income ," points Rytenband .
Since this is a stamped money , you can not recover the value of the investment at any time , losing liquidity. After 180 days of the end of the group , the value can be converted into species.
The economist and finance professor Richard Rytenband alert to acquire others or keep it as an investment is something very much like speculation. " The person may even , for example , expect a price well below market to use the credit and then sell the good of the letter of credit, but this is very insecure, needs to have timing and is not for amateurs ," he says .
If the idea is to wait 180 days to sell the letter of credit in the future , remember also that inflation can erode your purchasing power , hampering the return on investment .
Read all about : • Cars • consortia goods
Source : IG
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This article was translated by an automatic translation system, and was therefore not reviewed by people.