Jim Rogers: (if you have cash ) first of all make sure that that cash is the right cash because if you put your cash in the wrong place ...few years ago many people put their money in the Icelandic Krona they were very safe they had sound currency they were earning high rates of interests and of course the krona collapsed and some of these people lost all their money , so make sure you are in the right cash , first of all I own various currencies , what I do with my money ? I own commodities and currencies and I am short stocks I am short American technology stocks I am short European stocks I am short emerging markets stocks that's what I am doing , who knows if i am right .....the main currencies I am long are the Yen and the Swiss franc i do own some Euros I do own some US Dollars , I better by the Swiss Franc if I had to buy something today
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, December 8, 2011
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 "