JIM ROGERS

JIM ROGERS

Sunday, September 29, 2013

Brazil : Very Exciting Country , Argentina : A Disaster

In an exclusive interview with The Brazilian EXAME.com , Jim Rogers revealed what are his preferred investments currently and made ​​criticism of the Brazilian government and warned of a possible financial collapse with the withdrawal of economic stimulus in the U.S. economy .

Check out the interview below  ( Summarily Translated from Portuguese : The Original interview could be found here : http://exame.abril.com.br/mercados/noticias/brasil-to-fora-jim-rogers-da-conselhos-e-teme-colapso?page=2 )

EXAME.com - Last week, the Fed did not announce the end of the economic stimulus program , as expected by many . As the market should react when the Fed start taking these " crutches " market ?

Jim Rogers - It has happened . They said they will not terminate the stimulus and the markets rose . Are putting more money in the financial market , but it will end eventually , and when finished will be very bad for everyone , worldwide , for the first time in history the major central banks ( Japan, Europe , England, USA ) are printing money trying to devalue their currencies . There is a large artificial lake of liquidity and we are all floating around this artificial lake, but will end . And when it's over , everyone will suffer .

EXAME.com - And when this should happen ?

Jim Rogers - I should never have started , it was a mistake, but insisting on following error. I would say that it will not end this year because Bernanke will come out in January and he did not want to have problems, you should leave for the next person . Should be complete next year or in 2015 . But it will end , can not go for so long , because the world can not continue taking this artificial impression of money . Eventually , the market will stop going to say " we will not take your money " or the Banco Central . I think the markets most likely say " we do not want more money" , but it certainly will happen in the coming years . Not this .
 Jim Rogers - No. The Brazilian government is making mistakes . It should be a wonderful place to invest , but his government follows making mistakes , putting special fares against some of your best partner , exchange control and so on . Brazil continues doing things that constrain the economy . So , I'm not investing and do not want to invest in Brazil , while they have a government anti -capitalism or anti -efficiency. While they have a government that does not understand the economy I do not want to invest there.

EXAME.com - So which countries are attractive to invest ?


Jim Rogers - I'm buying some stock in China . I am also looking actions in Russia . Myanmar has no stock exchange, but I would like to find investments there. Russia and China are the only places where I am finding investments at this time .

EXAME.com - Would you rather invest in Russia to invest in Brazil ?

Jim Rogers - I prefer to invest in Russia . Russia is not taking steps to discourage efficiency and investment and is Brazil . Russia has a floating currency , Brazil is exchange control .

EXAME.com - Which sectors are you most looking ?

Jim Rogers - I'm looking at agriculture , pollution control and water in China - China has a serious water - tourism in Asia , because for many decades the Chinese could not travel , can now . These are the industries that I'm looking in Asia and Russia , especially agriculture in Russia . I am also looking at airlines , Asian in particular. These are some of the areas I'm looking for investments .

EXAME.com - Nothing in Latin America ?

Jim Rogers - No. Argentina is a disaster , as it has been for many years . If I found something in Colombia or Peru or any other country I would invest better managed , but found nothing . Brazil is a very exciting country to be, that the government would begin to make things better for me to invest there again. At the moment I have no investment in Latin America .



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 "