Igor Cornelsen is an investment expert and a top Brazilian banker. He understands that time has become scarce and people are finding it difficult to meet their needs with their salaries. Therefore, many have had to make diverse investments in order to make that extra income. However, Igor Cornelsen suggests that a long-term plan is of great importance if people want to gain from their investments.
According to Igor Cornelsen, most people have been investing their hard-earned money in two areas. These areas include passive income activities as well as the stocks markets. He notes that a growing number of people have been discussing about investing in passive income. It is imperative to note that discussions regarding investing in passive income have been a hot topic in the social media platforms. The young people have the desire to make extra coins from activities that will not warrant much of their personal time and resources. The following are the benefits that one can gain by investing in activities that generate passive income as outlined by Igor Cornelsen.
The first advantage is that there is no direct involvement. Unlike active income, passive income does not need one to be involved directly. The only thing that is needed is identifying a good income generating activity followed by a creation of an effective strategy. This gives a person more time to concentrate on other activities and will only be checking the progress occasionally.
The second advantage is that there is a continuous flow of income. Since passive income does not require monitoring at all times, people can still make money even when they are taking a nap. The other advantage of passive income is that it requires minimal resources. This is because it is a one off activity and the resources are required in the initial stage of establishing the activity. Once the activity is in operation, there will be minimal resources needed.
When it comes to the stock markets, Igor Cornelsen notes that an investor has to be ready to play the markets for longer periods in order to register higher returns. According to him, investing in the stock markets is not similar to playing a lottery. Investors that view the stock market as a place to make quick money have misguided perceptions. The stock markets are dynamic. Investors should undertake in-depth research in order to make rational investing decisions.
According to Igor Cornelsen, investors have to view their investments in stocks as long-term savings. This may require them to invest for a number of years sometimes stretching to decades. Additionally, Igor Cornelsen suggests that individuals should make several other investments instead of one huge investment. Divestment helps in spreading risks and enhancing one’s returns. People should learn to save and ensure that they undertake thorough research before making their investments.