Jim Rogers says since 1999, when he bought his first China Shares he has never sold them. Rogers believes that after ten years China stocks will still be rising, but at the same time he has sold all stocks from the other emerging market countries.
Last year in October, he bought stocks in China again. But the Chinese shares he bought were H-shares, B shares, and S shares. He has never bought A shares, since the A shares are too expensive, and perhaps one day, China's H shares, B shares, S shares and A shares will merger as one kind of stocks.
If signs of collapse appear in China's stock market, Rogers would buy more Chinese shares. He thinks this may happen in the near future, but not at the present time , because although China's stock market is making adjustment, no one is selling Chinese stocks in large quantities. Besides, China's stock market rose 80 percent in the past six months, prices have been too high," I will not buy Chinese stocks at this time. After a year or two, I would consider buying Chinese stocks again" Rogers added
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%.
Friday, September 18, 2009
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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 "
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