Jim Rogers : great societies and great economies throughout history were based on saving and investing look at the countries that have been doing very well in Asia in the past 30 or 40 years they are countries with very high saving rates , people saved and invested and put their money into productive capacity they built for the future that's how countries they became great and successful nations , you don't become a great and successful nation based on consumption , you may have a wonderful time you may love to go to the disco every Saturday night and the beach but that's not the way to go a successful economy for the long term , even Karl Marx said to build asset you have to build capital .....
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%.
So how is the US going cope with the QE3 ?
ReplyDeleteits not worth saving your money anymore , the rate of return is almost minimal, but the cost of living goes up and up ....