Buying a FII and building a portfolio

Once a fund passes your checklist, buying it is straightforward — but building a sensible portfolio takes a little planning.

The buying steps

1. Open and fund a brokerage account (corretora) and transfer money in.
2. Search the ticker (it ends in 11) on your broker's platform.
3. Send a buy order — a market order fills at the current price; a limit order fills only at the price you set or better.
4. Confirm the cotas appear in your custody and note the price you paid.

Watch the record date

If you want this month's distribution, buy on or before the record date (data com). Buying after it (data ex) means waiting until the next cycle for income.

Building a portfolio, not a bet

• Diversify across types — mix brick and paper so one cycle does not sink everything.
• Diversify within types — several brick funds across different segments and regions.
• Reinvest distributions to compound your cota count over time.
• Contribute regularly rather than trying to time the bottom.

Keep records

Save your purchase prices and dates. You will need them to track performance and, crucially, to calculate tax on any gains when you sell — the subject of the next two lessons.