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%.

Tuesday, December 9, 2014

Jim Rogers Great Secret of How to Make Money




Concentrate on what you know and any changes you see – you will see a major change coming long before I ever will, long before anybody on Wall Street will, because care are your passion; they are what you are sitting around reading about all the time.

Learn to think in the appropriate terms; this is something new; this is something different; this is a shift in direction. Anything new or different leads to consequences down the road.

You have to learn to think around corners. You will know before anybody on Wall Street when something good is happening. You will also know when to sell, because you will see before anybody else that the great change you noticed a few years ago is starting to reverse itself – someone is building a cheaper product, the competition has intensified.

Let's say you have done that. After ten years you have made ten times your money. Now is when you are most vulnerable. You think: I have to find something else. I have to do it again. This is wonderful. This is so easy.

It is the great mistake people make.

Now and then a time comes when doing nothing is the wisest course.

Most successful investors, in fact, do nothing most of the time. You bought that stock ten years ago, and you did nothing for the next ten years – you did nothing but watch what was going on, nothing but watch for changes.

That is how you make money.  - excerpts from Jim Rogers' book  "Street Smarts"






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 "
Related Posts Plugin for WordPress, Blogger...