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%.

Wednesday, September 7, 2011

Investors can now open bank accounts in Yuan outside of China

Jim Rogers : RMB (Chinese Yuan ) is best, the US dollar is probably good in the short term, but the absolute worst over the long term.There are various ways to get RMB exposure outside China, investors can now open bank accounts in renminbi in various cities like New York, San Francisco, Hong Kong, Singapore and others and can buy renminbi-denominated bonds in the international markets. - in CNBC



 
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%.

The Swiss Central Bank is Making a Huge Mistake

Jim Rogers  : The move will work for a while, but the market will have more money in the end than the SNB, The Swiss central bank risks losing a lot of money buying up lots of foreign currencies which they will eventually sell at a loss,
Another risk is that the central bank will "totally debase the Swiss franc trying to keep Switzerland 'competitive' which will then destroy the traditional Swiss financial industry," Rogers said.
"So this is a huge mistake for Switzerland since they are going to suffer more either way," - in CNBC


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%.

Jim Rogers : Finance is going to be a horrible place to be

Jim Rogers : Actually, Wall Street was a disaster the years I was there. And I did OK. I know Roy Neuberger who started Neuberger Berman went to Wall Street in 1929 – it couldn't have been a worse time – and yet he became wildly successful in finance. So of course it can be done. But the numbers of people who do it are going to be very few and far between going forward. You'll need to be very passionate about it, because the wind is going to be in your face. In 1958, America had 5,000 MBAs every year and the rest of the world had none. Now, America has a couple hundred thousand every year and the rest of the world has tens of thousands. So there's huge competition in finance. By the way, an MBA won't teach you about commodities or raw materials. It will teach you mainly about stocks, bonds, and options. But now there's huge competition at a time when there's staggering debt in the financial world, and politicians all over the world are coming down hard against banks, brokers, and financial institutions. Taxes, regulations, requirements. So, finance is going to be a horrible place to be, just as it was in the '50s, '60s, and '70s. I mean, almost no one went to Wall Street in the '50s, '60s, and '70s. The city of London was a wasteland in those days. And then we had the big bull market and that all changed. But now, we're going back to a period where the producers of the real goods are the ones in charge, making the money and the excitement. This has happened repeatedly throughout history. We've had long periods when the financial types were the kingpins, and we've had long periods when the producers of real goods were the kingpins. It's reversing again now, and we're just going back to what's always happened. - in The Daily Crux



 
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%.
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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