Jim Rogers : Bank of America will not go bankrupt

Jim Rogers : If you find a country that’s cheap and depressed and where you think that positive changes are taking place, then you find a way to invest. Normally you have to have an account and I go to one of the largest firms in a country. It is unlikely that Bank of America will go bankrupt – well, it is unlikely that you as an individual with an account there will lose everything. That may not be the case if you are investing in some hot shot smaller firm. I never ask these guys for advice – in fact, I don’t want their advice. All I want is someone to execute an order, or change money, or whatever mechanical things are necessary. - in The Motley Fool



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%.