Mudei drasticamente de opinião sobre ter ETFs no Brasil (BOVA11, BRAX11, DIVO11, SMAL11, SCVB11)

👉🏼 Want to learn how to invest with me? Click here: https://membros.canaldoholder.com.br/... A lesson on allocation between ETFs and Stock Picking, and the tax and accounting mechanics behind REITs and FIIs. In this Coffee with Holder, we answer fundamental questions about structuring long-term portfolios in the 2026 scenario. We analyze the strategic transition from passive investing (ETFs) to active investing (Stock Picking), highlighting how the new dividend taxation in Brazil has altered the tax efficiency of investment vehicles. We delve into the accounting anatomy of American REITs versus Brazilian FIIs, explaining how the distribution rule based on Net Income (REITs) allows for greater organic growth than the Cash Flow rule (FIIs), due to the impact of depreciation. Furthermore, we discuss the reality of the real estate investment trust (REIT) industry after the cycle that began in 2019 and my personal view on the asset reinvestment rate. In this video you will understand: How to build an ETF portfolio in Brazil using the factors of Low Volatility, Size, and Value. The impact of the 10% dividend tax on the choice between Stock Picking and ETFs. The difference between distributing 90% of Profit (REITs) and 95% of Cash (FIIs). Why depreciation is the "secret weapon" for the growth of real estate assets in the US. A critical analysis of the performance of REIT managers since 2019. How I got here... 17 years old - I started investing in the Brazilian stock market, buying my first stocks and REITs. 18 years old - I entered the Civil Engineering course at the University of Brasília. 19 years old - I started my entrepreneurial journey in the real estate market. 20 years old - I developed the habit of investing my monthly earnings in companies on the stock market for the long term. 21 years old - After much study, I decided I wanted to work in the financial market. 22 years old - I graduated in Civil Engineering. 23 years old - I went to Harvard to study Accounting and Macroeconomics. 23 years old - I got my first job as an equity analyst in the financial market. 24 ​​years old - I made my first investment in dollars and created a routine of investing every month in the US market in Stocks, REITs, and ETFs. 24 years old - I worked as an equity analyst at one of the largest pension funds in Brazil. 25 years old - I completed my MBA in Finance from the Brazilian Institute of Capital Markets (IBMEC). 26 years old - I created the Holder Channel to teach ordinary people how to invest for the long term. 27 years old - My investment income already exceeded all my monthly expenses. 28 years old - I quit my last job in the financial market to work 100% of the time teaching online. 28 years old - I created the From Zero to Holder course, where we had 175 students in the first class. 28 years old - More than 100,000 investors were subscribed to the Holder Channel (today we are more than 300,000). 29 years old - I expanded my teaching network to other platforms besides YouTube (@fabio.holder on all of them). 30 years old - I created Dollar Masters, the best teaching program for those who want to build wealth in dollars, and we had 415 students in the first class. 31 years old - Our student platform hits the mark of 3,000 students. 32 years old - I took a sabbatical year to reflect on what was really important in my life. 33 years old - I'm back to creating content on all my social media platforms. Today: Thanks to starting to invest early and with a lot of discipline, I can live a peaceful and tranquil life. To all the holders here, know that we are all in the same boat and building our stories - inside and outside the stock market. Having money isn't everything in life, but building wealth helps you have security, achieve your dreams, and help others. If you're new here, make yourself at home. To those who are already part of the family, welcome back. Start investing and never stop, Fabio Holder (CNPI n. 6770) In this lesson, I share my investment method that I've used for the last 16 years investing in the stock market and that has allowed me to invest my money in the best possible way to live off the income. This is the Holder Method of Wealth Accumulation. 00:00 Active vs. Passive Allocation: How Much to Have in ETFs and Stock Picking 00:58 Structuring an ETF Portfolio by Factors in Brazil 01:43 The New Tax Efficiency of ETFs Compared to Dividends 03:07 Strategic Transition: From ETFs to Stock Picking 04:02 REITs vs. FIIs: Understanding the Legal and Accounting Differences 05:30 The 90% Profit vs. 95% Cash Rule 06:05 The Role of Depreciation in REIT Growth 08:00 Yield Comparison and Growth Expectations in Dollars 08:42 Crisis in FIIs? Bad Managers vs. Industry Health 10:28 How Much of Your Income to Invest? My View on Personal Finance 11:51 Conclusion: Towards 320,000 Subscribers