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Selic at 15% Per Year: Fixed Income on the Rise and Gains Above Inflation. Discover Where to Invest and How to Take Advantage of High Interest Rates.
Investments Gain Strength with Rising Selic
The decision of the Central Bank, announced last Wednesday (17), raised the Selic Rate to 15% per year.
The measure changes the course of the Brazilian economy, directly impacting investments and raising the question: where to invest money in such a high-interest rate environment?
According to experts, the moment favors fixed income, with more predictability and significant returns. But it also requires caution, as inflation and market volatility can suddenly change the scenario.
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Why High Selic Transforms Investments
When the Selic Rate rises, consumption slows down, and saving is re-stimulated. Investors find opportunities to better earn returns on their resources in fixed income assets, which start delivering more robust gains with lower risk.
The fixed income manager at Inter Asset, Ian Lima, emphasizes that the central point lies in the calculation of the real interest rate:
“Following this reasoning, the very Treasury Selic bond already delivers returns above inflation. Assuming an average inflation of 4% or 5% for the next 5 to 10 years, fixed-rate bonds should also perform well above expected inflation.”
With an accumulated inflation of 5.13% over 12 months and the Selic at 15%, the real interest rate reaches 9.51%, one of the highest levels of the decade.
Fixed Income in Focus: Where to Invest Now
The restrictive economic scenario values fixed income. Here are the main assets that gain strength with high interest rates:
- Treasury Selic (LFT): post-fixed bond from the National Treasury. It has daily liquidity, low risk, and follows the Selic variation. Ideal for those seeking security and flexibility.
- Treasury Prefix (LTN): guarantees a fixed return at the time of purchase. It is recommended for those who desire predictability and can wait until maturity.
- Treasury IPCA+: protects against inflation by combining fixed profitability with correction by the IPCA. A great option for longer terms.
- CDB, LCI, and LCA: offer different yield modalities, with LCI and LCA having exemption from Income Tax for individuals.
The Challenge of Interest Rates: Caution and Strategy
Despite the allure of fixed income, experts warn that investors should act with caution. The expectation of high inflation may alter real gains, and planning is essential.
Ian Lima highlights that the secret lies not only in the chosen asset but in the ability to build a balanced portfolio:
“In this sense, having inflation-linked assets, such as NTNBs with a significant weight in the portfolio, should be the flight plan, always keeping in mind that these assets have volatility.”
Diversification Remains Key
Although the high Selic Rate favors fixed income, it is important to remember that relying solely on this type of asset may limit long-term gains. Furthermore, concentrating all capital in a single class poses the risk of missing opportunities in other markets.
On the other hand, diversification remains essential. Including stocks and other investments in the portfolio increases the chances of returns while simultaneously reducing the impacts of potential fluctuations. Thus, the balance between security and growth is maintained.
In this way, investors can take advantage of the high-interest phase without giving up space for future opportunities in different segments of the economy. Therefore, even if fixed income is in the spotlight, the smart strategy is to blend predictability with assets of greater potential.
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