Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Thursday, January 7, 2010

Jim Rogers on The Housing Bubble

Jim Rogers
"Housing is already too expenssive to be much of an investment , at least in those places where you would be willing to live . (You have even missed the real-estate booms in the UK Spain Australia , New Zealand and other countries where prices have accelerated beyond theit historical average rates of increase ) US housing prices have been rising faster than the rate of inflation for more than eight years ; home-equity values may be inflated by as much as 20 30 per cent . In New York and Southern California , housing prices have doubled in the past five years . A massive speculative bubble in the US Housing market seems to be floating from coast to coast , and when it burst (as bubbles always do ) some seriouse pain is in store for millions of Americans who have been borrowing against their home equity at record rates...." Jim Rogers wrote in Hot Commodities, How Anyone Can Invest Profitably In the World's Best Market
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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