Jim Rogers : Invest Only in What You Know a lot About

Jim Rogers : "If gold stays up this year, this will be the 12th consecutive year that gold rises. That is extremely unusual," says Rogers. "I don't know of any asset in history that has gone up 12 years in a row without a down year. There may be some, but I don't know about it." "Gold has been correcting for 15 months. And it has been going sideways since September 2011. It would not surprise me if that correction continues," says Rogers. "If gold goes down more, I hope to buy more. If it goes down a lot, I hope to buy a lot more." "Only invest in what you know a lot about. If you don't know anything about stocks, don't invest in stocks. "It's better to do nothing. Put your money into a bank and earn 1/2 percent if that's what it takes. It's better to do that then lose 1/2 percent per year. If you don't believe me, try it for a few years."

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%.