Jim Rogers : Only Invest in what you know a lot about

Jim Rogers : "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." - in a recent interview with Kitco


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%.