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Hey everyone, I was waiting for the second part, and now we're going to talk about the last two lessons that I, Marcelo Chel, understood from this book, and I think they are the most useful, as you'll see with me now. Hi, I'm Marcelo X, you're on the channel now, you're learning to invest now, so if you've just arrived, know that this is the second part of the summary of this book.
Actually, it's not a summary, it's the five lessons I learned from this book. If you haven't read it, it's a great introduction to encourage you to read this book. I think it's very worthwhile. So, here comes the third lesson of the book: Invest in ETFs. Why? The third lesson of the book talks about the importance of investing in index funds, the famous ETFs.
It's that old story: you don't need to be an expert in analyzing the company or trying to choose the right stock at the perfect time, just follow the market. You buy an ETF that replicates important indices. That's the logic. So, to avoid what happened here at Oi, if you had invested in something else, for example, in our friend Divon, you would have already solved this problem.
You wouldn't have run the risk of being far, far, far below because you chose a bad stock. Look, you outperform savings accounts, and you also outperform the CDI (Brazilian interbank deposit rate), although over a much shorter period. We're talking about 13 years here, but it doesn't matter; you have a certain comfort level when you invest in ETFs.
You don't need to be an expert, and there's another advantage. I don't know if you know this, but if you want to invest only in the American market, for example, you can come here—oh, there is—oh, no, not that one—and you can come here to IVVB11, which replicates the S&P 500 or Standard Impulse 500.
It tracks American stocks. If you want to invest in the American market, you can buy it right here in Brazil and see how this portfolio works. Let's look at the simulation. Look, it went up quite nicely compared to savings accounts. Let's see how it performed compared to the CDI; it also outperformed it, and even better than the IVVB11.
You need to know how to invest in American stocks; it's not enough. Let's run it here to see the value. You just need to invest in the ETF. In the ETF, you buy and sell normally on our BSA (Brazilian Stock Exchange) and you're investing in the American market here. You invested, and it started here in...
In 2014, the index was based on an ETF, so now in February 2025, when I'm recording, you invested 131,000, and every month you put in 1,000. The portfolio value was 443,316.26. Savings would give 185,322.63, and the final CDI value would be 217,834.9, almost double the CDI, right? So that's what the professor means when he encourages you to invest in ETFs.
Analyzing stocks and the market isn't work for amateurs; it's work for professionals. If you don't know how to analyze, the probability of losing money is high. That's why he advises you to invest in ETFs instead of trying to divide your time between work, family, and stock analysis. The fourth lesson is the importance of investing globally.
Professor Jeremy Seon reminds us that it's not only in the United States that stocks show good long-term results; this also happens in many other countries. For Brazilians, diversifying globally can be even more important since our economy is smaller and more vulnerable to political and external fluctuations.
When you invest there... Outside of that, you reduce your total dependence on what happens only in the national scenario. Let's show you here, I've already talked to you about IVVB11, and also for those who are more expert, a person can invest directly in ETFs, for example, opening an account on a stock exchange, say in Europe or the United States, and investing in indices from China, Europe, Australia, in short, there's a world at your disposal, you can invest anywhere in the world, that's what he means by investing globally.
I'll run it here for you so you can see something. When I run this here, the 11, we've already seen, it has a pretty good performance, right? But I want to diversify with an economy abroad. I have here the standard for 500 that follows the American stock market, and I'll simulate this here for you to take a look.
Look how it looks when I divide my market here between a little bit of the Brazilian stock market and a little bit of the American stock market. I significantly outperform savings. Do I also outperform the CDI? Let's see. It outperforms it significantly. I even outperform investing only in IVVB11. Let's do the numerical comparison here just so we can see.
Look! So from 2014 until now, 131,000 here, I have 36.96 and 19, the savings would give 185,322.63. And the final value here of the CDI invested is 217,800.34 and 9, right? So you see that the difference here increased to almost R$100,000 in 12 or 13 years, right? No, just kidding, 11 years. That was the difference of almost R$ 100,000 if you had invested a little bit abroad as well.
Because sometimes I have political upheavals here in Brazil, especially in recent years, so it goes without saying, we have a lot of political problems, and that ends up contaminating the financial and economic side of Brazil. And when you invest, for example, in the United States, unfortunately I don't have the ETF that, if I want to invest in China here in Brazil, I don't have that ETF that replicates the Chinese stock market or the European stock market, for example, I don't have that.
But I have the American one, so it's one that holds up. The Wave for us is an option that the professor encourages us to take, and with that we arrive at the fifth lesson of the book, which I humbly understood: buy and hold, or our famous buy and hold. For those who don't know, the biggest icon of buy and hold is our friend Warren Buffett, the greatest investor of our time, and in Brazil we have Bar, who is also a buy and hold.
Both are billionaires, of course. Bar has around 4 billion, Buffett has, I don't know, the last time I saw he had 89 billion, I don't know how much now. This is the fifth lesson: buy and hold. What does that mean? It's a strategy of buying stocks or ETFs (if you're not an expert) and maintaining these investments for many years, ideally for decades, regardless of short-term fluctuations, which we've already seen that in the short term seem like a lot, but in the long term it's just noise.
This doesn't mean you 'll never sell anything, of course not. If the company has lost its way, of course you 'll leave that company and make your trades. But it's not because of small fluctuations, it's because of the company's fundamentals, so you have to know how to analyze companies, that's why...
ETFs are much easier for beginners, but the idea is this: if you 've chosen good assets or a good index, there's no reason to constantly churn your portfolio, selling in a moment of panic or buying in excitement. This can lead to losses or reduced potential returns. Let's look at an example: we've already seen IVB 11, now let's look at another one.
Let's add a little spice to our portfolio, which is Small 11. For those who don't know, STF consists of growth companies; they are small caps. They will become large caps when they surpass certain values ( you don't need to know this now). Anyway, what's the problem with these small caps? They have a lot of volatility, and it can work out or it can fail, but when it works out, it works out very well.
Let's see how this simulation looks. I'm buying to hold in relation to our friend, the savings account. Poor savings account, right? Compared to everyone else, let's see our friend CDI still hit the mark, right? So I have a portion in dividends, a portion in the American stock market, and another portion in growth companies.
Now, if you're someone who knows how to analyze and understands how to do this... You can invest in the famous blue chips, which are very well-established companies, and you can see this over a longer period here because our indices are short-term, right? You saw here that I have from 2014 onwards, but what if I invested in good companies over all these years?
I put these five companies here; they are all companies that those who have been investing for a long time know. They are famous, very stable companies that are always growing, and some have always paid good dividends. What's the problem here? I would have to know how to choose, right? I ran it here; if I invested in that portfolio, you see that my gain here is spectacular compared to savings, and it 's also spectacular compared to the CDI because they are very good stocks.
And here I have a longer period, which I try to show what the book is talking about in the long term. I have practically 25 years here. You see that choosing good stocks can bring you a return far superior to the CDI, which is our interest rate, even though our interest rate is very high, which gives a very large character of abnormality to our...
The stock market, when you compare it to other stock markets around the world... But that's what he's saying: if you know how to choose, if you choose good assets and hold them for life, that's what you would have in the end. Let's see how much that difference would be. Look: You invested 300, 2000; the final value of the portfolio would be R$ 5,797,218.80; the final value of savings would be R$ 75,455.96; and the final value of the CDI (Brazilian interbank deposit rate), if you invested in CDI, would be R$ 1,407,942.72.
So, when you have a selected portfolio of good assets, it seems that Professor Jerem is very right regarding the long term. I also want to highlight here that I'm not including dividends, which only further increase the growth of these stocks. Now, for how long should I leave this type of investment?
As Warren Buffett, our Oracle of Omaha, says, our favorite investment period is forever. Of course, he says this figuratively, but the message is clear: think long-term. So let's... Let's recap the five lessons from the book and how we apply them here in Brazil: First, stocks are the best asset class in the long term; historically, they outperform inflation and provide robust returns, with lower risk over the long horizon.
Although more volatile over time, stocks tend to prove less risky than just investing in fixed income. In fact, Barce says that investing in fixed income is fixed loss. These guys are billionaires, right? They must know what they're talking about. Invest in ETFs: the third lesson is a simple, lower-cost way to track market performance without having to choose company by company.
For beginners, it's the best strategy. Diversify globally: this is our fourth lesson. Reducing dependence on what happens only in the Brazilian economy can protect our investments. And finally, hold: you buy and it's safe. You have to maintain your focus on the long term. Avoid jumping from stock to stock and don't let yourself be carried away by short-term emotions.
If you are a beginner and want to start, try studying these indices: BOVA11, DVO11, IVB11. All brokers in Brazil have this available in their portfolio. You can invest... It's very easy because you can already invest in dividends, you can invest in the American market, or if you study a little more, you can make small investments in companies that you believe will grow in the next 15, 20, or 30 years.
And one thing I always say—and it's not the professor saying this, it's me, who has more than 20 years of investing experience—remember, before investing, build your emergency fund in low-risk fixed income like Treasury bonds, Cica bonds, or daily liquidity CDBs. This way, you avoid surprises and invest in stocks with more peace of mind.
Trust me, I know what I'm talking about. So, did you like these tips? I encourage you to read this book; I think it's very worthwhile. Read this book, understand it, reproduce the examples—it makes a big difference to learn from these great masters. If you liked these tips, subscribe to the channel, activate the bell, leave your like, tell me in the comments if you already invest in stocks or ETFs thinking about the long term.
Let's exchange experiences. Thank you very much for staying with me until now. I'll leave it here. Good investments. Hugs.
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