JIM ROGERS

JIM ROGERS

Friday, November 9, 2012

Jim Rogers Expects Equities doing nothing, Commodities going through the roof & Bonds going down


ET Now: People who can probably buy or have positions in the emerging market equities, many people talk about how with the liquidity pushes that will be coming in, there will be burst of liquidity-fuelled rallies in the emerging markets. Do you think that is a possibility in the near term and thereby emerging market equities per se, not US equities, emerging market equities, do they present an opportunity as well?


Jim Rogers: Not for me. I am putting my money into real assets because I do not know world economy is going to get better with all the debt. The debt is going up in Europe, it is going up in America and that is going to lead to more problems in the world economy. In the 1970s we had a period like this, but commodities went through the roof. I expect there will be a period like the 70s -- equities doing nothing, commodities going through the roof and bonds going down.



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%.





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 "