Planilha Base - Monografia Bruno dos Santos Vieira.xlsx

Abstract: A pre-purchase financing pool (in Portuguese, “consórcio”) is a Brazilian financial product that, in its conception, was a Pareto optimal solution. As its market grew, however, the product went through a number of changes that made it more complex than common sense would suggest, still very much used to seeing it as a relatively simple product, in which administrative charges and other variables would accurately sum up its functioning. Using established investment analysis tools, this piece aims to carefully investigate the real nature of the pre-purchase financing pool system, particularly when it comes to when it is – or not – a competitive tools from the customer’s perspective. The main discussion topics have been put forward and, in its majority, rejected by data, which goes against what common sense seems to suggest on the matter. However, as well as pointing out mistakes, the main objective here is to establish a dialogue with society as a whole and, henceforth, to allow the consumer to use the data as an input for decision-making, reducing the information gap to which most people are currently subjected. <b>Keywords:</b> Consórcio; Pre-Purchase Financing Pool; Investment Analysis; Internal Rate of Return; Net Present Value; Contemplated Bonds.