For those who want to invest and have a conservative profile, it is indicated the investment in fixed income, where it is possible to be certain of the return of the invested capital, as well as the period necessary to obtain the income. But where to apply? LCI, LCA, CBD or even in a fourth option? Today we present the different types of investment in fixed income. see reneelapalus.com for more notes
Pre and post-fixed investments
It should be noted that, on the face of it, the options are divided into two groups: pre and post-fixed investments. Check the details of each to choose the one that best meets your needs:
Pre-fixed: In this mode of investment in fixed income, the percentage of income is agreed in the hiring and does not suffer subsequent changes. That is, that is the title in which the company tells you that it will pay you 14% of what you invested, for example. Rain or shine at maturity you will receive this interest.
Calculated according to the bank indexes
Postfixed: in this case the yield is calculated according to the bank indexes. The title pays a percentage of the CDI, for example (read here what this rate is). Example: It was agreed that you will receive 90% of the CDI and this rate is 14% per year. If at one year, the CDI is at 10%, the bank or company will pay you 90% of the new rate (10%) and no more than the old one (14%). The opposite (if the CDI rises) is also true.
Once you know the two types of investment in fixed income, now you know that every time you buy a bond will be like to loan to the bank, financial institution, government or some large private company. LCI, LCA, CDB, CRI, CRA, Debenture or FIDC, which helps when choosing the best investment according to your profile. If you are interested in Treasury Direct government bonds, read this post and ask your questions.
In order to know each of the fixed income investments in the private market we will detail the advantages and disadvantages of each below. Check-out!
1. LCI – Real Estate Credit Letter
Real estate financing is a banking product offered to individuals and companies interested in acquiring real estate for their own use or investment. This type of loan has a lower interest rate when compared to other forms of loan, this is because there are government programs to subsidize part of the financing and also because the property is alienated to the bank until the total discharge of the asset occurs.
After structuring the entire financing operation and formalizing the real estate loan, the bank creates a bond called LCI – Real Estate Credit Bonds and offers it to other investors. Thus, the bank or that institution can offer new loans to other stakeholders. There are fixed LCIs, but in general the banks offer the fixed investment, the one that pays you a percentage of the CDI.
It is worth remembering that the risks are low in this type of investment because the property is the guarantee, in addition, the FGC – Credit Guarantee Fund amounts to up to R $ 250 thousand in applications. Another great advantage is that this type of investment is exempt from Income Tax (IR).
2. LCA – Agribusiness Credit Letter
In this modality of investment, the agricultural producers need money to finance the vintages and gives them the guarantee of the own plantation. The advantages of LCA are very similar to the previous investment: FGC guarantees the same value of LCI applications (R $ 250 thousand) and there is also IR exemption for individuals. The only detail is the minimum investment amount stipulated in R $ 100 thousand, which may vary from bank to bank.
3. CDB – Certificate of Bank Deposit
Most of the people living in the United States have the same qualifications as those in the United States. CDBs may be the most basic form of this modality. An interesting detail is that you do not need to be an accountant to lend money to the bank, so you can get higher rates with smaller banks that have more difficulty in getting money.
Investing in smaller banks is a great option for those who want more profitability, but unfortunately the risks are proportional, it is not uncommon for smaller banks to have problems, as were the cases of banks Santos, Cruzeiro do Sul and Panamericano. However, it is worth emphasizing that there is a FGC guarantee for applications up to R $ 250 thousand.
In general, the CDB is also post-fixed, paying a percentage of the CDI rate.
4. CRI – Real Estate Receivables Certificate
The CRI is also tied to the real estate market, but refers only to the future flow of receiving a rental of a certain property for a present value. Usually, the values of investments are high around R $ 300 thousand, but it is possible to find smaller values. The rates practiced are tied to inflation plus a real interest rate, exempting the investor from an inflationary risk.
This modality is exempt from IR, which makes it an attractive investment option, except for the lack of a sales market of these securities, which often makes the sale of securities before the maturity period impossible, and also because CRIs are not guaranteed by the FGC , but there are warranties agreed upon at the time of the purchase of the securities, which should be considered with caution.