Por quê eu comprei uma camisa FALSIFICADA da SELEÇÃO (mesmo sendo muito rico)

In this episode of Coffee with Holder, I answer the main questions you sent me about capital allocation and investment strategy. We cover everything from the direct clash between the high profitability of Fixed Income (IPCA+ Treasury bonds) and Real Estate Investment Funds (REITs), to the tax efficiency of Brazilian ETFs and the correct strategy for dealing with assets that appreciate significantly in a portfolio. And, of course, I explain the unusual rationale behind my national team jersey. 👉🏼Learn to invest with me in Brazil and abroad: https://dezeroaholder.com.br In this video you will learn: The Risk Premium of REITs: Is it worth investing in Real Estate Investment Funds when the IPCA+ 2035 Treasury bond is paying more than 8% in real interest? ETF Efficiency: How the 15% Income Tax on redeeming Brazilian ETFs works and the advantage of accumulation funds in the face of changes in dividend taxation. Countercyclical Rebalancing: What to do when a stock rises too much and unbalances your portfolio? Why stopping investing can be smarter than selling winning positions. Risk Management: How to use the target percentage method (stocks, FIIs, REITs and fixed income) to guide your investments rationally, without anchoring to prices. This content is strictly educational and focuses on fundamental analysis applied to the Buy and Hold philosophy. As a CNPI analyst (6770), the goal of Canal do Holder is to equip investors with the knowledge to build a solid long-term portfolio. This is not a buy or sell recommendation. Chapters: 00:00 3 reasons why I bought a counterfeit national team shirt 03:25 IPCA+ 2035 Treasury Bonds vs. REITs: Which is more worthwhile in the long term? 06:05 Taxation on ETFs: How Income Tax works on Brazilian ETFs. 08:05 Stock Picking vs. ETFs: The new dynamics of dividend taxation. 09:12 What to do when a stock grows significantly in your portfolio? 10:48 How to make countercyclical investments and control portfolio risk.