Find out how to choose the right CBD for your profile by following the guidance of expert Marília Fontes
Investors find many CDB options for investing in stockbrokers, but how to choose which one is better to invest? The decision involves two steps: the first is choosing the indexer and the second is choosing the institution, according to Marília Fontes, founding partner of Nord Research. Get a better understanding of each step and how to choose the best CBD for your profile.
1. Choose the CDB indexer
The index indicates which yield the CDB is linked to: it can be pre-fixed, ie have a fixed rate, or post-fixed, in which case it can be indexed to inflation (HICP) or to the CDI.
“To make this choice, you have to pay attention to the macroeconomic scenario, as if you were in a scenario where interest rates will go up or down. Depending on the scenario you have outlined, there will be one or another index that works better and will bring you greater profitability in this type of scenario,” says Marília Fontes.
2. Choose the CDB broadcaster
After choosing the indexer, you can choose the broadcaster, recommends Marília Fontes. A To choose the bank issuing the CDB, the investor must carry out a credit analysis, observing the risk that the bank offers.
Some points to observe, according to Fontes, are: if the bank has a lot of liquidity, it has low financial leverage, if it grants credit with guarantees. This information will show how safe the bank is.
3. Check which risk x return fits your profile
Each bank has a fair rate of return, based on the risk the investor is willing to take. For this reason, rates of return in large banks may be closer to what a government bond pays, such as 100% of the CDI, explains the expert.
In an average bank, which can also be a good option, the risk tends to be higher, as well as the possibility of earnings. Therefore, the choice depends on how much risk the investor is comfortable with.
“So it’s always a relative decision, how much does that bank pay more than a big bank, or more than the government? Is this spread you’re paying fairer for the extra risk I’m taking? Sometimes you find average banks that pay good returns and are safe, and it’s worth opting for this type of private credit to earn a little more. So, first decide which index you want, and then decide which issuer you want, and that’s how you will make an excellent choice in your CDBs,” concluded Marília Fontes.
Source: Terra
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