Thursday, July 4, 2013
JIM ROGERS : The Assets right now are in Asia
Where do you see opportunity in frontier developing markets?
JIM ROGERS : Well, the assets right now are in Asia. The largest creditor nations in the world are China, Korea, Japan, Hong Kong, Singapore, and Taiwan. This is where the money is. Malaysia has big reserves for its size. A lot of countries have big reserves in Asia. You do not have gigantic debts in Asia. If you look out the window, you can see where the debts are. Go East or West, depends on which way you want to go, and you will see a lot of debts in Europe and America. I moved to Asia because I want my children to grow up in Asia because this is the century of Asia and I want them to be here. Now there are some great opportunities. Many of the ASEAN countries are going through big changes, Malaysia, Indonesia, Myanmar, my goodness what is going on in Myanmar. So most of the good opportunities will be in Asia. Korea I find very exciting, or what is happening in South Korea anyway. Russia to my astonishment. I was bearish on Russia between 1966 up until recently. So there are plenty of opportunities. In Angola there are great things happening, Tanzania, and Ethiopia. There are places in the world where things are getting better, but unfortunately for the world, the largest economies in the world are having problems, and that means everybody will suffer. - in zawya
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