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%.
Markets: Be Very Careful
The world has got this artificial situation and it can go on for a while
longer. In America there is no constraint at all in Congress and in the
Federal Reserve. And no other central bank in the world has any
constraint now. So this can go on longer than any of us can expect,
including me. But be very careful because it is artificial, The world
economy as a whole is not getting much better.
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%.
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 "
I tend to agree with Jim Rogers most of the time, but he was wrong on the tapering in Bernanke's term. If the market drops 10-15%, the FED will probably start increasing QE again.
ReplyDeletePaul van Gompel
http://www.from1kto1million.com