Investimentos nos anos

80 e 90
Hiperinflação
• Início da hiperinflação que permaneceu até junho de 1994 ano da
criação do plano real (aprox. 7 anos e 6 meses).

A/M JAN FEV MAR ABR MAI JUN JUL AGO SET OUT NOV DEZ ACUMULADO
1989 37,49% 16,78% 6,82% 8,33% 17,92% 28,65% 27,74% 33,71% 37,56% 39,77% 47,82% 51,50% 1972,91%
1990 67,55% 75,73% 82,39% 15,52% 7,59% 11,75% 12,92% 12,88% 14,41% 14,36% 16,81% 18,44% 1620,97%
1991 20,75% 20,72% 11,92% 4,99% 7,43% 11,19% 12,41% 15,63% 15,63% 20,23% 25,21% 23,71% 472,69%
1992 25,94% 24,32% 21,40% 19,93% 24,86% 20,21% 21,83% 22,14% 24,63% 25,24% 22,49% 25,24% 1119,09%
1993 30,35% 24,98% 27,26% 27,75% 27,69% 30,07% 30,72% 32,96% 35,69% 33,92% 35,56% 36,84% 2477,15%
1994 41,31% 40,27% 42,75% 42,68% 44,03% 47,43% 6,84% 1,86% 1,53% 2,62% 2,81% 1,71% 916,43%
Overnight
• Impossível falar sobre 1989 sem citar o overnight, investimento que
rendia juros diários. A correção era tão alta que, para muita gente,
valia a pena deixar de pagar as dívidas – as multas e juros previstos
nos contratos de empréstimo ficavam abaixo da correção do overnight.
Era comum tomar dinheiro emprestado, dar o calote, deixar o dinheiro
no banco e depois pagar uma dívida que já tinha se desvalorizado. Nas
lojas de varejo, consumidores recusavam descontos de 30% ou 40% à
vista por saber que, no overnight, o dinheiro renderia mais – até 80%
num único mês.
IPCA - CDI
IPCA JAN FEV MAR ABR MAI JUN JUL AGO SET OUT NOV DEZ ACUMULADO
1989 37,49% 16,78% 6,82% 8,33% 17,92% 28,65% 27,74% 33,71% 37,56% 39,77% 47,82% 51,50% 1.972,91%
1990 67,55% 75,73% 82,39% 15,52% 7,59% 11,75% 12,92% 12,88% 14,41% 14,36% 16,81% 18,44% 1.620,97%
1991 20,75% 20,72% 11,92% 4,99% 7,43% 11,19% 12,41% 15,63% 15,63% 20,23% 25,21% 23,71% 472,69%
1992 25,94% 24,32% 21,40% 19,93% 24,86% 20,21% 21,83% 22,14% 24,63% 25,24% 22,49% 25,24% 1.119,09%
1993 30,35% 24,98% 27,26% 27,75% 27,69% 30,07% 30,72% 32,96% 35,69% 33,92% 35,56% 36,84% 2.477,15%
1994 41,31% 40,27% 42,75% 42,68% 44,03% 47,43% 6,84% 1,86% 1,53% 2,62% 2,81% 1,71% 916,43%

IPCA Acumulado: 652.415.026%

CDI JAN FEV MAR ABR MAI JUN JUL AGO SET OUT NOV DEZ RET ANO
1989 22,38% 18,98% 20,23% 9,91% 11,37% 26,97% 32,31% 34,86% 37,77% 45,82% 46,95% 62,77% 2232,90%
1990 66,70% 79,04% 35,49% 4,83% 4,26% 9,38% 14,34% 12,65% 17,50% 21,96% 23,05% 31,14% 1339,91%
1991 23,46% 8,72% 10,01% 12,49% 12,64% 10,66% 13,26% 15,97% 20,01% 26,10% 31,98% 30,91% 611,00%
1992 29,07% 30,32% 25,20% 23,75% 22,94% 24,24% 26,31% 25,73% 27,65% 28,19% 26,09% 26,09% 1544,70%
1993 28,78% 28,56% 28,54% 30,39% 30,97% 31,80% 32,79% 34,80% 37,43% 38,39% 40,64% 43,25% 3184,85%
1994 43,25% 41,46% 46,98% 45,97% 48,12% 48,43% 6,68% 4,16% 3,85% 3,65% 4,11% 3,84% 1135,90%

CDI Acumulado: 1.594.728.742%

Aplicações em Internacional
A/M JAN FEV MAR ABR MAI JUN JUL AGO SET OUT NOV DEZ ACUM
1989 7,11% -2,89% 2,08% 5,01% 3,51% -0,79% 8,84% 1,55% -0,65% -2,52% 1,65% 2,14% 27,25%
1990 -6,88% 0,85% 2,43% -2,69% 9,20% -0,89% -0,52% -9,43% -5,12% -0,67% 5,99% 2,48% -6,56%
1991 4,15% 6,73% 2,22% 0,03% 3,86% -4,79% 4,49% 1,96% -1,91% 1,18% -4,39% 11,16% 26,30%
1992 -1,99% 0,96% -2,18% 2,79% 0,10% -1,74% 3,94% -2,40% 0,91% 0,21% 3,03% 1,01% 4,48%
1993 0,70% 1,05% 1,87% -2,54% 2,27% 0,08% -0,53% 3,44% -1,00% 1,94% -1,29% 1,01% 7,06%
1994 3,25% -3,00% -4,57% 1,15% 1,24% -2,68% 3,15% 3,76% -2,69% 2,08% -3,95% 1,23% -1,54%

SP Acumulado: 65,39%
ANO JAN FEV MAR ABR MAI JUN JUL AGO SET OUT NOV DEZ RET. ANO
1989 32,18% 0,00% 0,00% 3,21% 11,78% 31,71% 42,59% 29,31% 35,51% 37,61% 41,01% 54,17% 1401,35%
1990 56,10% 72,78% 37,56% 21,26% 8,12% 10,47% 13,20% 3,82% 17,33% 26,43% 159,73% 0,00% 2333,21%
1991 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 0,00% 100,00% 50,00% 33,33% 0,00% 300,00%
1992 25,00% 20,00% 16,67% 28,57% 22,22% 18,18% 30,77% 17,65% 30,00% 15,38% 30,00% 35,90% 1225,00%
1993 11,32% 32,20% 29,49% 15,84% 29,91% 30,26% 30,81% 32,82% 35,47% 35,84% 35,55% 36,01% 2101,89%
1994 42,93% 38,91% 43,33% 42,61% 43,98% 41,15% -2,70% -5,39% -3,72% -1,00% 0,47% -0,18% 625,79%

Dólar Acumulado: 309.417.596%

Dólar+SP Acumulado: 511.741.341%