Saturday, December 31, 2011

Jim Rogers Outlook for Emerging Markets in 2012

Jim Rogers : First of all, you ask about emerging markets. I have to set them short stock of emerging markets such as India and other countries. I am not sure about Chinese shares. Some parts of the Chinese economy are going to have a hard life. The government in two or three years has been trying to pop the bubble in real estate. So anybody who doesn´t know that Chinese real estate is going to have problems shouldn't be investing at all. They should probably just be reading the newspapers. China´s been doing their best for two or three years to slow things down in real estate. It´s going to happen. It is happening, and that will cause a hard landing in properties but the other parts of the Chinese economy are going to continue to boom. If you´re in water or agriculture or many other parts of the Chinese economy, you don´t care if a lot of real estate people in Shanghai are going bankrupt. You´re making too much money and you?re working too hard. So some parts of China will have a collapse. Some parts of China will not be affected at all. - in El Economista.es

Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

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 "