Rio de Janeiro Reports

[Nounce]

Currency is a claim on a country's assets, all of them, stocks, bonds, property, tanks, ships, guns, hooker's asses, and land.

BRL has been moving due to.

1. end of covid.

2. war making Brazil a source of commodities cut off by war.

Experienced real estate guys in Copa say their Italian friends are buying the shit out of copa property.

So that is in favor of buying property.

But again, my view is that unless you live in it full time and have top flight local lawyers on call, and you are prepared to lose the capital, you should rent, not buy. My smartest ISGer friends like fukafmedig said the same thing. Rent even if on a 30 month lease, and if you need to GTFO, break the lease and GTFO.

If one can predict war with 100% accuracy, then one can make money in many ways, a huge amount of money that this discussion does not really matter.

Just to clarify, my original post is not against buying properties in Brazil or against investing in anything. I am talking about being able to covert it to cash and be able to move it internationally quickly. My perspective is based on my personal past experience. I have been benefitted by property purchase so to me it is a positive. Although it does not always go up but when it goes down, it never goes below the previous high even in 2008. That is enough for me until that experience changes.

[Pahllus Maximus]

Indeed, you only live once. Epicurus said it far better than I can: Non fui, fui, non-sum, non-curo ("I was not; I was; I am not; I do not care" The best trade is snatches of joy that come and go. It is a fool that thinks they can one day live in a perpetual paradise (cue grey haired couples on a beach for a retirement village ad or Hawaiin time share scam) or be the richest man in the cemetery. Youth is wasted on the young. And it can all end tomorrow with cancer, stroke, heart attack, car crash, etc, and it absolutely will come for each and everyone of you reading this. We are doomed but live in hope.

We chase beautiful women, alive with youth and have the rare gift of freedom to bang them. There are many other things to have fun with. Investing in optimal mental and physical health, experiences and memories is what life is all about whilst we are here. Done the right way, we are living the dream, whilst it lasts.

Pretty funny, monger-philosopher, but all of us here are ultimately chasing fun and human connection.

[Pahllus Maximus]

Cash is trash these days. Commodities and real companies, such as productive gold / copper mines, manufacturing specialties like semiconductors and agriculture is where it is at. There are a few plays in retail real estate, but that is a a proxy for the bond market and retail speculation joint venture. Collapses of 1991,2002, 2008-2010 all come to mind. Detroit and Gary, Indiana were once sexy times. Catching the wave has risks if you are playing the greater fool game. The most successful are a few slumlord funds buying up tract "housing" in really depressed cities and then screwing the inhabitants with a plethora of fees etc to drive up the CAPEX. Payday loans with an effective rate of 600% are another, quietly supported by the major banks. That and private prisons are something I'm not going to play in.

There are opportunities with limited supply "trophy" houses where there are simultaneous currency dislocations, Brazil being one and Turkey another. To play this game, you have to price out the herd, usually pay cash, preferably a distressed sale (rare) and be patient. This is not "flipper" bullshit that describes the bank sponsored, capital gains tax free real estate casino in the USA. As to the latter, taxation (by deliberate legislative design) is mostly only for W2 earners and indirect taxes. US citizens and stuff like FACTA makes nomadic life hard, but also able to be worked around by an entire cottage industry of lawyers and accountants.

Vagabundos new fund sounds exciting. Presumably the local girls can rub sunscreen on our balls and BJ's on the beach at sunset, fresh caipirinha in hand and admire the blue rollers and sea breeze. A good way to "blow" your capital. By the way, when V refers to GTFO, where to exactly ? I'd hardly describe the USA as a safe haven, confiscation in that place is quite real such as state sponsored extortion racket known as contingency lawyers (often on billboards), divorce, IRS, etc etc.

[Dewulf]

I went and found Monique and blew a load in her negra pussy.

Hey Vagabundo1,

Any chance you share Monique's contact info? Sounds exactly what I'm looking for. I'll be in Rio only for 2 nights (business trip) and don't want to waste my time looking for the right girl.

Hit me up by PM if you like.

Thanks,

Dw.

[WonderWhy]

Wow that is exactly how I feel after my visits to Sao Paulo. I took the risk, went by myself to a place everyone told me was too dangerous, made love with beautiful women and now I am in USA working for several more years. Butt I have the memories.

"we go back in space because we can't go back in time".

We go back in physical space. It's why we go to the old homes we used to live in, high schools, colleges or that old bedroom we spent our youths in. We can't go back to those days but we can go back to those spots and get just that closer to those times.

So as I stood in Copacabana beach on a Monday night with the sand between my toes and the waves crashing all around me, I remember that Friday night I spent with a wild redhead branca I just met a week ago at that exact same spot. We had just come back from lapa and were in high spirits. She fell from her lime scooter and got a nasty cut and bruise on her shoulder and she could care less. We were dancing to the samba music playing from one of the stands nearby and were laughing on how badly spoke in each other's native language. We were just two people that forgot the pitfalls of life for a brief moment and basked in it. In that moment disconnected from this timeline we're forever dancing and laughing the night away because the sun never comes up.

But in this one there are no happy ever afters, there is only the morning after. When we have to go back home, back to work and back to reality.

Life's a * and then you die. People always think it's a negative line but it's just a fact. No matter what you do or who you are, you'll always fall victim to the pitfalls of life. You'll get sick and injured. You'll try to attempt something and fail. You will slowly look around you and see all the people you love get older and older until they don't.

But in between those falls we can fill our lives with the pursuit of happiness. Take risks and chase that rush. And that's what I did. It may not have gone exactly as planned but there's a story to tell now and no story started with "well I did the math, calculated the odds and decided to not take risks."

There was some loss of monetary value but in it's stead a time was captured that I can keep forever after everything else goes away.

Maybe I'm wrong tho.

Because we all know money is finite and our time is infinite after all.

[Vagabundo1]

Currency is a claim on a country's assets, all of them, stocks, bonds, property, tanks, ships, guns, hooker's asses, and land.

BRL has been moving due to.

1. end of covid.

2. war making Brazil a source of commodities cut off by war.

Experienced real estate guys in Copa say their Italian friends are buying the shit out of copa property.

So that is in favor of buying property.

But again, my view is that unless you live in it full time and have top flight local lawyers on call, and you are prepared to lose the capital, you should rent, not buy. My smartest ISGer friends like fukafmedig said the same thing. Rent even if on a 30 month lease, and if you need to GTFO, break the lease and GTFO.

What I am saying is that if you own hard assets, then you will be affected less by inflation vs holding it in cash. The assets can be a house or stocks of companies that have assets, like oil companies.

My experience is that it is easy to invest and move money in US. You can still invest in Brazil if you are in US. I am not sure the reverse is true. Does Brazil financial market has more offerings than US? US citizens pay tax on worldwide income so it does not matter where you park you money for tax purpose.

I did not want to complicate the matter so I did not mention property appreciation. Axel Heyst has mentioned the appreciation of his property. I personally haven't heard about appreciation close to his in South America. Some see appreciation but the appreciation is offset by currency depreciation so there is no gain. Right now, I know the properties in my US home area are sold within a week after listing and over list price by a huge amount. The broker will buy your house if not sold. That is the liquidity I am talking about.

[Nounce]

I'm not sure if I understand exactly.

Of course, currency matters in investment holdings besides cash. I believe PahllusMaximus has recently said his property in the Joa neighborhood has appreciated in both local terms (Reals) and in currency terms (Dollars).

What I am saying is that if you own hard assets, then you will be affected less by inflation vs holding it in cash. The assets can be a house or stocks of companies that have assets, like oil companies.

My experience is that it is easy to invest and move money in US. You can still invest in Brazil if you are in US. I am not sure the reverse is true. Does Brazil financial market has more offerings than US? US citizens pay tax on worldwide income so it does not matter where you park you money for tax purpose.

I did not want to complicate the matter so I did not mention property appreciation. Axel Heyst has mentioned the appreciation of his property. I personally haven't heard about appreciation close to his in South America. Some see appreciation but the appreciation is offset by currency depreciation so there is no gain. Right now, I know the properties in my US home area are sold within a week after listing and over list price by a huge amount. The broker will buy your house if not sold. That is the liquidity I am talking about.

[Spidy]

I met her on a second dip at dolce vita at 2:30 am, I spent some days with her, asked her to run away with me, we had a blast, love these milfs. When they get to their 30's they start to look for an exit strategy. An older guy like me looks like a good option, I've seen this over and over again in recent years, this one was tough to let go.

The "MILF" category is definitely one that is often overlooked and you've definitely cash-in on this latest terrific MILF find.

Certainly not difficult to see why, you had a hard time with this "catch-and-release", especially if there was a good connection. Pretty good for an "older guy".

[WyattEarp]

I think currency only matters if you hold it in cash.

I'm not sure if I understand exactly.

Of course, currency matters in investment holdings besides cash. I believe PahllusMaximus has recently said his property in the Joa neighborhood has appreciated in both local terms (Reals) and in currency terms (Dollars).

[Vagabundo1]

Bombeiro Vagabundo, Swiss Navy Retired, now a licensed Realtor in Barra the Tijuca, is like the Realtor in Local Hero, taking applications from all freckle faced Irish ladies with a bad case of sunburn on their balls! My hedge fund, Vagabundo Capital, LLC, owns a illiquid stake in certain Brazilian bars designed to develop Honeypot assets for the highest bidder, which we develop from the base of Barra Posto 1, and extend to Metro Sao Cristavao, where Callsign Jimmy Boy brings in the best SP hookers from Moema prives to be sold, ass up, face down, for Sheiks!

Vagabundo pointed me to Jardim Oceanico station and how this connected distant parts of Rio to Centro and SDU etc that connects airports, business and women to lifestyle. .

[Nounce]

Since September last year on my 3 week visit: look at FLBR, LND, Petrobas and the FOREX. The charts tell the story. It seemed mad that Real was over 5.5:1 USD and an hour of casual...

What if you just buy oil related assets. Does it perform better or worst? I did mentioned OXY when Covid started. LOL. I think currency only matters if you hold it in cash. I know someone who trade currency for a living and he is doing well. He is free all the time but his strategy is very event driven that he would tell me at certain time he had to leave to go back to his place to wait for an announcement or news.

[WyattEarp]

I did tell ya! Toshiba is currently good buying (France and UK on nuclear splurge and (soon) Germany too) and an Aladdin cave in high quality Russian stuff and commodities.

This is a good idea. I believe Toshiba has significantly backed away from the nuclear energy business the last several years. EDF in France might be poised to benefit. Of course, if you buy EDF stock you would be partnering with the French government.

The Western industrialized nations have to get off their energy idealism and accept that more nuclear power is necessary if you want to reduce carbon emissions and have a healthy economy. China is building many nuclear plants. Just be smart about emergency safety systems. Don't build a nuclear power plant near a fault line or a tidal wave zone.

[Pahllus Maximus]

Since September last year on my 3 week visit: look at FLBR, LND, Petrobas and the FOREX. The charts tell the story. It seemed mad that Real was over 5.5:1 USD and an hour of casual, retail, mind blowing sex could be reliably had for under $40 late last year and a Caipirinha on the beach for $USD 2. Vagabundo pointed me to Jardim Oceanico station and how this connected distant parts of Rio to Centro and SDU etc that connects airports, business and women to lifestyle. One sunset, walking on the Copa beach at the waterline, my cheap Sandisk MP3 player streaming out depeche mode, I thought "I only live once, this is stupidly cheap, pretty groovy, travel will go back to normal soon".

I did tell ya! Toshiba is currently good buying (France and UK on nuclear splurge and (soon) Germany too) and an Aladdin cave in high quality Russian stuff and commodities. Wheat and Potash for next year. It's the USD that worries me. Fat tail land (the currency, not the American women). Mongers should do good (distributing $ to beautiful women and their natural renewable resources) by doing well. I offer tonsil massage daily.

As to BR taxes: hire large firms that specialize in it and the usual string of company shells. It's very easy, you just pay for it, a bit like picking a girl at a terma. They can also sort a chop in your passport with no lines or bullshit.

[SameeRonaldo]

Yes, if you plan to visit Ireland, do check their events and attend.

Interesting, an Irish nudist group. I'd like to have the sunblock concession.

[Vagabundo1]

So you bought a house in joa but you don't live full time in Rio?

The average Brazilian company spends 2 months a year just calculating -- calculating, not paying -- their taxes.

Excellent information Sperto though I already pounced on a jungle hide away in Joa. Close to the subway. I can have my girls delivered or sent away for a tiny cost. I wake up for a morning threesome. Or alone. Just as I please. Breakfast in bed is a small ritual. Contrary to Vagabundo, the Real was and is undervalued and so is Brazil relative to the USA. I swapped out at about R5. 5< USD1 last year and am sitting on 15% currency gain on some choice real estate that is also up as a result of asset inflation in the good stuff and the disproportionately rising boats those that play in that class of stuff. Barra is very suburban, too much concrete, roughly Miami. I hate malls, brutalist towers disconnected by roads and the ilk. Probably I sound like a snob, but the truth is that there is a threshold you throw o the table to get to before you bypass the shitty ROI of retail and its collapsed CAPEX. I have not done the math yet, but I'd guess I'm up about $US300 k since last September for not doing much, plus a big dollop of lady luck. Certainly not brains from say inventing a new protein or physics application. Just bought in during COVID and a stupidly devalued Real that was fairly obvious.

Brazil is quite diversified, aircraft to oil and large pools of skilled human capital, 1st world health care, fertile land and water and a semblance of equality and opportunity. It's much more than some drunk gringos (aka cheap charlies) in Copa..