What is your outlook for Indian equities in the near and long term? And what’s your view on foreign brokerages being optimistic on Indian equities. What are your preferred sectors in India?
Jim Rogers : I won’t invest in India till they open up more. It is almost impossible for me to invest in its stock, bond, commodity or land market. If I were to invest in Australia or Germany, it is so easy; it can be done on the phone. I am not optimistic on Indian equities. Yes, if the BJP wins, there will be a rally. Preferred sectors? I wouldn’t buy except to sell short. If government changes, there will be a rally, but it will be just that and won’t last.- in livemint
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%.