JIM ROGERS

JIM ROGERS

Tuesday, July 2, 2013

Jim Rogers: The Only Protection is Owning Real Assets


Safe to say he’s not on Bernanke’s Christmas card list. Jim Rogers, the co-founder of the Quantum Fund with George Soros and author of Hot Commodities sat down for an interview with the Bull Market Thinking blog.
He spoke at length at the economic calamity he sees coming and remarked on the collapse in gold prices in recent weeks. He sees the collapse in prices and the bearish stories as a sort of negative feedback loop that feeds of itself. He goes on in saying that he doesn’t pay attention to other people.
That doesn’t mean the gold correction is necessarily over, but he is sticking to it when it comes to gold.
He encourages investors to follow his lead and pay attention to what is happening around them, not on what others are saying. In effect he is referring to the idea the Fed will be unable to gracefully exit the marketplace with its QE program.
In the past couple of years, Jim Rogers has been on the record talking about the opportunity to short US treasuries. With the talk of tapering giving the bond market enough volatility to make a penny stock blush, Rogers is grappling if he should cover.
Ge says he is short junk bonds the most in the theory that if the bond market goes, thos get hit the hardest and the fastest. So right now, he’s in a wait and see mode as he tries to position himself for the best possible exit.
Deeper into the interview, Jim Rogers was asked on the Fed’s ability to control the bond market. He responded that it one of two things will happen, Either the central banks are going to stop with the money printing, or the market will force them to stop. Rogers take now is that we may have a mixture of both at this point. Talk of a taper, and the bond market finally saying this is insane that QE has lasted this long. - in tradethenewsroom

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 "