Samba Effect

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The Samba Effect refers to a 1999 devaluation of the Brazilian Real currency. Find out more about the Samba Effect with help from a certified financial planner in this free video clip.

Part of the Video Series: Investment Strategy
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H,i I'm Benjamin Lupu, certified financial planner with Kensington AMI Registered Investment Adviser with The Samba Effect. The Samba Effect refers to a 1999 devaluation of the Brazilian Real currency where Brazil made goods and services cheaper for a short time by devaluing the currency during one of Brazil's occasional financial crises of that period. Now Brazil has emerged as a major global economy since then and has improved its prospects considerably since 1999 and is one country that investors can look at as a possibility for their portfolio. The Samba Effect expression is interesting in that the media value of the words Samba Effect and other catch phrases like it tend to last much longer than the actual historical or financial event. The Samba Effect came and went but The Samba Effect phrase stayed on reminding us that Brazil is one of a number of interesting countries investors can look at. With The Samba Effect, I'm Benjamin Lupu, certified financial planner with Kensington AMI registered investment adviser.

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