About Garimpo
Why was Garimpo created?
The idea was born from the need to centralize essential tools and data in one place, reducing friction and “tab switching”. The goal is to provide more clarity and speed when analyzing and deciding.
Can I try Garimpo before creating an account?
Yes. The demo opens a sample portfolio with real market prices and years of history, so you can explore the wallet, passive income, taxes and goals without signing up. It is read-only: adding, editing, deleting and AI analysis are disabled, and the sample data resets every day. Your own data is never mixed with it.
Does Garimpo evolve continuously?
Yes. Garimpo evolves continuously, so some screens and features may change over time. Because of ongoing improvements, videos and screenshots may occasionally not match the latest interface exactly. If something breaks or you have suggestions, send them via Feedback/Support, it helps a lot.
Is Garimpo free?
Yes - Garimpo is currently free. All features are available at no cost. Create your account now and take advantage of the full experience.
Will Garimpo always be free?
Garimpo is free today, but we reserve the right to introduce paid subscription plans in the future at any time, at our sole discretion, to help cover infrastructure costs and continue improving the product.
How do I start?
Create an account, log in and add your tickers. From there, use the overview, macro/market, charts and screener to track and compare.
Is Garimpo a portfolio manager?
Yes - the Wallet page tracks positions, income, profitability, taxes (DARF), goals and your target distribution, fed by your own B3 statement imports plus manual entries (crypto, international, fixed income). What Garimpo does not do is execute orders: it never connects to your broker or touches your money.
Why not put this information on the login screen?
To keep the authentication experience more direct and fast. A separate public page also makes it easier to share Garimpo and understand the proposal before creating an account.
Data and market coverage
Where does the data come from?
Garimpo combines multiple data sources to calculate and/or generate the data you see. In some cases we rely on governmental or regulatory sources; in others we use third-party providers outside our control. Availability and latency can vary, so we operate on a best-effort basis and may switch providers as needed.
How does the Agenda work (dividends and earnings)?
The Agenda shows events only for the tickers you follow. Dividends list announced and provisioned events (data-com, payment date, type and value). Earnings dates are estimates: not every company is covered and dates can change, so treat them as guidance rather than confirmed schedules.
How do I read the Basel and Immobilization indexes?
In short, the Basel Index is the ratio between an institution's own capital and the third-party capital (funding) it puts at risk through its credit portfolio. A bank with a Basel Index of 20% holds R$ 20 of its own equity for every R$ 100 it lends. Under Basel III the Banco Central do Brasil requires a minimum of 8%, plus a 2.5% capital conservation buffer, so 10.5% in practice.
The lower the Immobilization Index, the more freely a bank can use its equity to meet its obligations. A bank with an Immobilization Index of 30% has R$ 30 of every R$ 100 of equity tied up in assets that cannot be sold quickly - property, vehicles, equipment and the like. The maximum the Banco Central do Brasil tolerates is 50%.
Why do some tickers carry a “.SA” suffix?
The “.SA” suffix marks a share listed on B3, the Brazilian exchange. It exists because different exchanges can use the same ticker, so the suffix identifies which one is meant. “.SA” stands for São Paulo, where B3 is. For example: PETR4 → PETR4.SA, VALE3 → VALE3.SA, ITUB4 → ITUB4.SA. In short, “.SA” identifies the exchange and is not part of the company's name.
Why are there three different Debt/GDP lines in Macro Brazil?
They measure the same public debt in different ways. Net debt (BCB) subtracts the public sector's financial assets, such as international reserves. Gross debt counts everything the general government owes: the BCB methodology includes only the Central Bank's repo operations, while the IMF methodology counts the entire stock of Treasury bonds held by the Central Bank, which is why it is the highest of the three. None is 'more correct'; what matters is the trajectory of each one.
Why is the delinquency in Macro Brazil higher than the number in the news?
News headlines usually quote delinquency for the total credit portfolio, which includes subsidized credit (payroll-deducted loans, mortgages, BNDES) that rarely defaults. Garimpo shows the 'recursos livres' series (market-rate credit only), which runs higher and reacts faster, making it a better stress signal for households and companies.
Is data real-time?
No. Relying on free sources means there may be a delay in quotes. The system updates data in the background at regular intervals, so you have near real-time (NRT) information, but it is not designed for Day Trading or high-frequency operations.
Can I use Garimpo outside Brazil?
Garimpo is focused primarily on the Brazilian market (B3, FIIs, etc.), but we also support international tickers. Coverage and depth may vary by region and provider. If you notice gaps or have suggestions, send them via Feedback/Support.
Features and metrics
What is the My Wallet filter on the dashboard?
It is a filter on the main table, not the Wallet page: it shows only the tickers where you set an Average Price. Your full portfolio, rebuilt from your B3 statements, lives under the Wallet button.
Why is the My Wallet filter empty?
The filter displays only the tickers for which you have defined an Average Price. If you have not yet set the average price of a ticker, it appears in “All” but not under My Wallet. This does not affect the Wallet page, which is built from your B3 imports.
What is Rank?
Rank is a general composite score based on fundamentals (lower is better). It appears only where enough data exists (Stocks and FIIs).
For banks and insurers the P/L it rewards is normalized to a neutral Selic of 10%, assuming earnings move 2.5% per point of rate, so a cheap-looking multiple at the top of the rate cycle is not scored as a bargain on earnings that will shrink when rates fall. Every other company ranks on its raw P/L.
What is My Rank?
My Rank is a personalized version of Rank that also factors in your Wallet assets, so it reflects your position in that asset. It appears only where enough data exists (Stocks and FIIs).
What is the Opportunity Map?
Each asset is compared only with its OWN history, never with other tickers. The horizontal axis shows where the current valuation multiple (P/L or P/VP) sits within the asset's full monthly history; the vertical axis shows the RSI of the price.
The bottom-left corner (valuation percentile below 30 and RSI below 30, historically cheap and oversold) is a starting point for research, not a buy signal; between 30 and 70 on either axis is neutral and carries no label.
Banks and insurers are drawn as diamonds: their multiple is normalized to a neutral Selic of 10%, assuming earnings move 2.5% per point of rate, because a bank's margin and an insurer's float earn the policy rate and a cheap-looking P/L at the top of the cycle is partly a cycle artifact. The dot reads less cheap, with a note in the hover. Every other company keeps its raw multiple.
The background is the same score as the dots: green means cheap against its own history and red dear, deepening as RSI agrees, which is why the hue changes left to right and RSI only shades it.
You can open it from the dashboard with your own tickers, or from the Screener, which sends the top ranked filtered results (Top 10/25/50) straight to the map.
Cheaper or more oversold: which one wins?
Cheaper. Valuation against the asset's own history is the signal: it reverts over quarters and the move is large. RSI is the timing: a small edge over one to three months, and only once it is really below 30 (for FIIs the edge only shows below 20). Inside 30 to 70 two RSI values are both neutral, so 37 against 44 is no difference at all. Pick from the cheap column, let RSI choose the day, and never buy something only because it is oversold. Both extremes still need the fundamentals check the map cannot do: cheapest ever can mean the market knows something, and RSI below 15 is usually a falling knife, not a bargain.
Why can AI Analysis be temporarily unavailable?
AI Analysis uses external providers (Google AI Studio / Gemini) and is subject to rate limits. To keep the system stable and fair, Garimpo enforces: (1) a per-user hourly quota and (2) a global concurrency limit. If you hit a limit, wait a bit and try again. Results are cached for about a day to reduce repeated calls.
How is the wallet's profitability calculated?
Monthly returns are time-weighted: each month is split at every cash-flow date, the portfolio is valued at each boundary and the sub-period returns are chained, so the size and timing of a contribution cannot distort the month it lands in. That is what makes the number comparable to CDI and IBOV. Months compound into the accumulated curve, and the monthly pace beside it is geometric - it compounds back to the accumulated figure - divided by elapsed time rather than by how many calendar months the window touches, since the first month usually starts on the day of the first purchase and the current one stops today. "% of CDI" divides your return by the CDI over that same measured span; in a losing month this ratio goes negative and large, which is expected. The current month is partial and keeps moving until it closes. When the question is what your money earned rather than how the assets performed, the 12-month figure on the summary row is money-weighted instead, which does count how much capital was deployed and when.
What does "Settling" mean in income?
Income has three states. "To receive": announced, with a future payment date. "Settling": the payment date has passed but the credit has not yet appeared in B3's files, which lag settlement by 1-2 business days - the amount already counts as received, since the money is in your account. "Received": confirmed by the imported data. When an import confirms a settling payment, the estimated value is replaced by the exact one, which can adjust totals by cents.
What counts as passive income?
Everything your portfolio pays you in cash: dividends, JCP and fund distributions, interest from fixed income and Tesouro Direto, and the fees you collect for lending your shares. Papers that pay monthly or half-yearly coupons are income just like a dividend, so they count in the monthly average, the totals and the goals. Principal coming back at maturity is not income: redemptions and maturities are booked as capital result, never here. Fixed income and stock lending each keep their own segment in the chart and their own line in the summary, because their tax treatment differs even though the total is shared.
Are the passive income figures net of tax?
Almost all of it is already net or exempt: dividends and FII rendimentos are exempt, and fixed income, Tesouro, JCP and stock lending are taxed at source, so what is booked is what actually landed. The two exceptions are option premiums and rights sold, whose 15% is a separate DARF rather than withheld, so Renda Passiva shows them net of an estimated 15% on each month's net gain to keep the comparison fair. They are non-recurring and never counted in the goal, which measures only recurring net or exempt income, so an income goal is already an after-tax number. The Opções tab keeps the gross premium, since there the question is the trade, not the take-home.
What is the difference between recurring and one-off income?
Recurring income is what repeats: dividends, JCP, FII rendimentos, and fixed income or Tesouro that pays coupons on a cadence. One-off income is everything that pays once and then stops: a bullet paper settling at maturity, stock lending fees that depend on borrow demand, an option premium. The selector on Renda Passiva - repeated beside the summary, the chart and the monthly history - switches the whole tab between the three readings - all income, only the recurring part, or only the one-off part - so a month inflated by three maturities landing together is easy to spot. Income goals deliberately measure themselves on the recurring figure, and show the other one below: a goal should not be declared reached on money that pays once. Under all income, each summary card also states its own recurring and one-off halves, so the figure a goal projects from sits next to the headline number instead of only in the goal line. The period selector works the same way: the one beside Renda passiva por ticker and the one beside Evolução da renda passiva are a single control, so the table and the chart always cover the same months, and the choice is saved to your account rather than to the browser.
Does Garimpo support options?
Yes, from the Negociação export - the Opções tab is marked beta while it is still being worked on. Premiums are folded per series, a short position carries a negative cost as it should, a series still open past its expiry date is settled as expiring worthless, and the result reaches Impostos in the common 15% bucket with day-trade legs at 20%. Options never consume the R$ 20 thousand exemption, which applies only to shares, and they are booked as realized result rather than passive income, because a buyback above the premium is a loss and income can never be negative. B3's files do not carry the strike, the underlying series or the market price, so you can fill in strike and underlying yourself to make the coverage and exercise-risk checks exact. Once the strike is in, each open row shows the underlying's price now, the distance still left to the strike, what assignment would settle at after the premium, and an estimated chance of finishing in the money. The warning distance is yours to set, at the top of the tab, and it is saved to your account rather than to the browser, so it follows you to another device. An assignment is flagged for you to confirm, never guessed, since guessing would corrupt the underlying's average price.
Beside each open series, once strike and underlying are in, two bells create alerts on the underlying: 🔔 for it crossing the strike the way that hurts the position, ⚠️ for it coming within the warning distance. Hover a bell for the alert's status and the last price seen; a red dot marks a bell whose level the price is past right now. When the series is no longer open, the alerts it created are removed.
The message names the series and the operation; the warning bell's says the distance to the strike, not the level it was set at.
On the expiry day itself a series is still open, since it can be exercised until the close; it is settled the day after, with the result dated on the expiry.
Under the open series, Projected adds up what they bring if every one of them expires worthless, split by strategy, and the monthly chart hatches those months ahead; an exercise or a buyback changes it, so it is never counted as result.
A closed series says how it ended, from the underlying's close on the expiry day against the strike: out of the money expired worthless; in the money was exercised automatically at B3 and is booked for you, the shares at the strike with the premium folded in (cost minus premium on an assigned put, sale plus premium on an assigned call, taxed as an options gain). A matching trade already in your data is taken as that exercise rather than duplicated, and the row lets you overrule the verdict.
The Candidates button on the Opções tab shortlists which of your held stocks read as spots to write a put or a call, from the same valuation-percentile and RSI the Opportunity Map uses: cheap against its own history is a cash-secured put, dear and already held a covered call. It never sees the premium, so it suggests a strike near delta 0.20 to 0.30 (a 20 to 30% chance of being exercised) and leaves whether the premium is worth it to you.
The Reading column says forte when RSI backs the valuation (below 50 for a put, above 50 for a call) and vale olhar when RSI leans the other way; the Volatility column reads the underlying's own volatility (high, normal or low), and a small line notes whether today's move is pushing the premium up or down. You can also type a ticker you do not own to evaluate entering it via a put, with a good, neutral or dear entry read. The modal has a Legenda that spells all of this out.
A series can have a warning distance of its own, in the Warning column; the select at the top is the default for the rest. When a distance changes, the warning bells that follow it are set again at the new one; a bell that could not be shows a red exclamation mark: switch it off and on.
What is the "Projected" segment in the income chart?
Future coupons from fixed income and Tesouro Direto, drawn in its own hatched colour so it is never mistaken for money that is committed. "To receive" is an announced payment: the issuer has declared it. "Projected" is our estimate of a coupon that has not been announced yet, built from the paper's cadence and the amount of its last real payment. It never counts in any total, average or goal - only announced and received money does. A paper appears here once you set its interest payment (Tesouro states it in its own name) and after it has paid at least once, since that first payment is what anchors the amount. It covers the next six months, or the maturity if that comes sooner: a longer tail of small bars crowds out the history you actually came to read, and six months always still shows the next coupon of a monthly or half-yearly payer. Inflation-linked coupons grow with IPCA between payments; CDI and fixed-rate coupons stay flat, which is what they really pay. Open options join it under option premiums: what each series brings if it expires worthless, on its expiry month, the same figure the Opções tab projects.
What does the Saída column show?
One question, asked of every position: what stands between you and leaving this at a fair price? The answer is not the same kind of thing for every asset, so the column reports whichever one actually applies, and each class names its unit on its own group line.
For shares, FIIs, ETFs and BDRs it is the average daily traded value - how much changes hands, which decides whether you could really sell in a hurry. For fixed income it is the maturity, with how long is left, unless the paper can be redeemed on any business day, in which case it says so: the date has stopped being what holds you. For Tesouro Direto it is also the maturity, but the Treasury buys these back every business day, so that date bounds how much the price can swing before it rather than blocking the exit - which is why it is never flagged as a deadline. For a fund it is the redemption period in business days, which you enter yourself when adding the fund, because no public source publishes it.
Where a class has no source at all - crypto and international positions today - the cell stays empty rather than showing a zero. Empty means not known here, never nothing to worry about. Sorting the column compares positions only within their own class, so a date and a traded value are never ranked against each other.
What do the small symbols beside a position mean?
They mark part of a holding that is not fully yours to sell right now. All three answer the same question - how much of this could I actually dispose of today - and they are separate symbols because the reason differs and so does what you can do about it.
🔒 is stock lent out (aluguel de ações): it has left your custody with the borrower and earns you a fee until it comes back. 🛡️ is stock you still hold that is already promised to a call you sold, so it can be taken at the strike if the series is assigned. 🔐 is fixed income or shares pledged as collateral in a margin account, tied there to guarantee your operations.
The pledged one is the easiest to misread on a fixed-income paper. It is not a redemption and no money moved: the paper is still yours, still accruing at its rate, still maturing on its date. It simply cannot be redeemed or sold until the broker releases it - so a paper with daily liquidity, while pledged, is not liquid at all. Hovering over the symbol shows how much is tied up and how much is left free.
How do I set the rate of my fixed-income papers?
B3's files do not carry each paper's contracted rate. Click the ✎ on a fixed-income position to record issuer, indexer, rate and maturity - the wallet then accrues its value over time. An amber ✎! marks papers where filling the rate would unlock the estimate. Papers that pay periodic interest through B3 do not need a rate: their gains come from the payments, and accruing on top would double count. These details survive re-imports.
What do the ⚠️ flags on positions mean?
"history_incomplete": the imported files show more sold than bought for that asset - usually the export period starts after your first buys; re-export from 2019 onwards. "bonus_unpriced": a bonus share arrived without a declared value, so it entered at zero cost and the average price reads lower than reality. Flags are advisories about data limits, not calculation errors.
Can I add assets that are not in B3's files?
Yes - use + Add entry for crypto, US stocks and REITs, international ETFs, investment funds and fixed income held at other institutions. International assets are entered in US dollars and converted at the PTAX rate of the transaction date - the same treatment used for taxes; funds are carried at cost. Manual entries can be edited or deleted and live alongside the imported data, untouched by re-imports.
How does the portfolio distribution (class targets) work?
Set the desired percentage per asset class in Summary, under Distribution - they must sum to 100%. The summary and allocation views then show actual vs. target: green inside the band, red outside, with an arrow for which side it fell out on. The band follows the 5/25 rule by default - a class is off-target once it drifts 5 percentage points of the portfolio or 25% of its own target, whichever is tighter - so a 35% target may sit anywhere from 30% to 40%, while a 5% target is held to 3.75%-6.25%. A margin in percentage points alone is why that matters: 5 points around a 5% target spans 0% to 10%, so the class could double and still read as balanced. Both limits are editable under Rebalancing margin, either can be cleared to use only the other, and any class can carry its own relative margin - which is how a volatile class gets a longer leash than Tesouro. In the same dialog, each class can be expanded to set per-ticker weights (relative numbers, normalized automatically - no need to sum to 100) - the contribution simulator and the Distribution column use them. Ticker weights are shares of their own class, so they inherit the same relative margin, with their own fixed one measured against the class rather than the portfolio. Targets are display-only and survive imports.
How does the contribution simulator (Aporte) work?
In Summary, next to Distribution, click Contribution. Type how much new money you want to invest (or a target wealth) and pick the basis: market value or invested amount. The simulator fills each class's gap toward its target - buy-only, it never suggests selling - and, where per-ticker weights are set, breaks the class amount down per ticker with approximate quantities at the current price. It mirrors the distribution you configured; it is not a recommendation of what to buy. Ticking "Prioritise the most discounted" tilts the split between the tickers of a class toward the ones trading cheap against their own valuation history (P/L for stocks, P/VP for FIIs, plus RSI) - only inside stocks and FIIs, and only between tickers. How much each class receives never changes: that follows the gap to your target, which already skips whatever has run up. A holding with no valuation history keeps its weight rather than being penalised for it, and no holding can lose more than half its weight to the tilt.
What are the wallet goals (Metas)?
The Goals tab tracks four kinds of targets: total wealth, value per asset class, average monthly income (12M), and retirement. Retirement has two modes: by income (your distributions cover your cost of living - projections use only dividends and interest, never asset sales) and by wealth (reach a chosen amount to convert into income assets later). Projections can follow the live CDI, inflation defaults to current IPCA, and yields default to your wallet's own measured numbers. Reached goals keep the date they were first achieved, even if the market later pulls them back below target. Class allocation targets are separate and live in the Summary tab under Distribution.
Does the wallet calculate taxes?
The Taxes tab estimates the monthly DARF on realized gains (with the R$ 20k stock and R$ 35k crypto monthly exemptions and per-bucket loss carryforward), shows the IR provision embedded in fixed income and Tesouro Direto accrued gains (due only at redemption), and prepares the DIRPF numbers: year-end positions at cost plus the exempt and exclusively-taxed income totals. Dividends, FII income and the interest of LCI, LCA, CRI, CRA and debêntures incentivadas go to the exempt line; JCP, CDB and other taxable fixed income, Tesouro coupons and stock lending fees go to the exclusively-taxed line. Fixed-income ETFs are excluded because their tax is withheld at source. Values are estimates to support your filing, not fiscal advice.
Is there automatic integration with B3?
There is no live connection to B3: you stay in control by importing the extract files you download yourself from B3's Área do Investidor (negociação and movimentação). The import covers stocks, FIIs, ETFs, BDRs, units, options, subscription rights, bonus shares, stock lending, Tesouro Direto and bank fixed income (LCI, LCA, CDB and similar). Bank fixed income is carried at cost until you set its rate, and its interest payments are shown as income. Debêntures, CRI and CRA can be added as manual entries. Your files are processed into your account only.
How does the average price import (B3 or Investidor10) work?
This feature updates your Average Prices in Garimpo from official files. B3 (recommended): upload the two Excel exports from the Área do Investidor (Negociação and Movimentação); Garimpo reconstructs your trades, handles splits, subscriptions and securities lending, prices bonificações at the company-declared value, and cross-checks quantities against B3's own statement. Investidor10: upload the IRPF Excel (.xlsx) export. In both cases only assets already in your Garimpo portfolio are matched, you review an editable preview before confirming, and only the Average Price field is updated - no tickers are added automatically.
How do Alerts work?
Alerts are configured per user and per ticker. You set condition, target, timeframe, optional end time, cooldown minutes, and where the alert is delivered.
`Above/Below` checks the current state; `Crosses above`, `Crosses below` and `Crosses either way` trigger on the transition. The two directional ones also ring once on their first check when the price is already past the level, so an alert set late is not silent; `either way` has no direction on a first reading and waits for a real cross.
`Repeating` can trigger multiple times with a cooldown (minutes). `Daily/Weekly/Monthly/One-time` trigger once per period.
Cooldown applies only to `Repeating`. Default is 15 minutes; set 0 to disable.
Each alert shows a status: Watching (the price has not reached the level), Triggered (the price is past it; a crossing alert rings again only after the price comes back and crosses once more), Expired, Disabled, Waiting for the first check (a new alert, until the next pass, within a minute) or No quote yet (the ticker has no price), together with the last price seen and how long ago it was checked.
Two destinations: in this browser while a Garimpo tab is open, with an optional system popup and sound, and push to the phone app, which reaches you with Garimpo closed. In the browser the message stays on screen until you close it, and a tab in the background shows it once you come back to it. Being shown is not being read: it counts as read only when you open the Alerts list, so the unread mark survives the toast, on the phone app too. Push needs the mobile app opened once so the phone gets registered.
If browser notifications are not enabled, native popups will not appear; new alerts remain visible via the bell icon indicator.
Account and privacy
I forgot my password, how do I recover it?
Use Forgot Password? on the login screen: enter the email you signed up with and you will receive a link to set a new password. The link expires, so use it soon after it arrives. If it never shows up, check the spam folder or write to support.
Are inactive accounts deleted?
Yes. To keep the system lightweight, accounts that remain inactive (no login) for more than 90 days may be removed.
Is my personal data safe?
Garimpo stores what its features need: your email, your tickers and average prices, the B3 statements you import, manual entries, alerts, support tickets with their attachments and, if you use the phone app, its push registration. Broker credentials never reach Garimpo, and card details, when paid plans are on, are handled by Stripe. The Privacy Policy describes retention and your rights, and you can delete your account at any time.
How do I delete my account?
Log in, open the preferences menu and use
Delete account: your data goes with it. If you can no longer sign in, use the
account deletion page to send a written request.
Can I share my account with others?
No. Accounts are personal and credentials must not be shared. Sharing logins may trigger security checks and can lead to session revocation or account restrictions.
Limits and policy
Usage Policy and Abuse
The system is public and we count on everyone's collaboration. Avoid abusive use. If we detect activities that compromise stability, we may terminate the account and/or block the IP without prior notice.
Is there a limit on the number of tickers?
Yes. To protect the system from abuse, we have a safe limit of 50 tickers per user. If you need to increase this value, please raise a ticket via Feedback/Support explaining the reasons.
Support
How does Feedback/Support work?
After logging in, use the
Feedback/Support button on the top bar to open a ticket (bug, suggestion or request). You can track tickets in
My tickets and also at
/support.
