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Posted AT 1:00 PM EST on 26/07/08

Brazil's economic boom creates new millionaires

Reuters

SAO PAULO — When Fabio Calderaro was a 23-year-old cadet at Brazil's military academy in 2000, he invested a couple of thousand dollars in the stock market. At first, the value of his investment plummeted. But as he grew more market savvy, his fortunes changed – so much so that a few years later Mr. Calderaro quit the military and started living off his gains.

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