JIM ROGERS

JIM ROGERS

Sunday, March 2, 2014

Jim Rogers : Holding on to Chinese Stock for my daughters



Jim Rogers may sell off his assets, but he's holding on to his Chinese stock for his daughters, the billionaire American investor said at a precious metals forum in northeastern China's Liaoning province on Friday.
The 71-year-old billionaire, co-founder of the privately owned hedge fund Quantum and one of the Chinese economy's biggest advocates, told the audience in attendance that the first time he bought Chinese shares was in 1988, and he subsequently made more purchases in 1999, 2005 and 2008, and most recently following the generational leadership change at the 18th National Congress in November 2012. He said while he may start selling off some of this other assets, he will hold on to his Chinese shares for his young daughters, 10-year-old Happy and six-year-old Baby Bee.
Rogers also remained optimistic about the future of the renminbi, which he said will only become more and more valuable and will eventually take over the US dollar as the world's primary reserve currency.
Read More @ http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140224000086&cid=1203

 
Jim Rogers
Jim Rogers


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 "