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%.

Saturday, October 8, 2011

The mistakes that investors in commodities commonly make?

Jim Rogers : They make the same mistakes investing in anything. They use too much leverage. The great advantage of commodity investing is you can use enormous leverage. The great disaster of commodity investing is you can use enormous leverage. Everybody in the world has a story about a brother-in-law who went broke investing in soybeans. But you don’t have to invest that way. When I set up the original fund, the point was to use no leverage so that the index and the fund would give a reflection of the cost of doing business. But the main mistakes are just what people make in everything. A lot of people invested in dot-coms, but they had no clue what a dot-com was. People bought dot-coms on enormous leverage having no clue what they were doing, not understanding the risk of leverage and knowing little about dot-com businesses. - in Hard Assets Investor http://www.hardassetsinvestor.com

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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