RIO DE JANEIRO, BRAZIL - Following the nearly 30 percent drop in Brazil's main stock market index in the first quarter, large company stocks are trading at lower prices. The question is what to buy. According to investor Guilherme Affonso Ferreira, the recommendation for the small investor is "not to invent".
"Itaú and Lojas Renner shares are being traded at a discount. That doesn't mean they won't drop any further, but in three years investors will realize that buying them was worth it", he says.
Investor Roberto Lombardi agrees. "No need to look for a bargain." He recalls . . .