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%.
Wednesday, April 10, 2013
Jim Rogers: I am Not Investing in the US
Jim Rogers: “I’m certainly not investing in the US, because the US is making all-time highs based on the Fed’s money printing,” he explains. “If you give me a trillion dollars, I will show you a good time too and a lot of people are having a good time. I am somewhat skeptical because I know it is going to end badly.” “The real threat to the US is concern that things like Cyprus start to impact bigger and bigger Dominoes in Europe, whether it is Italy or Spain, and messes up all the financing mechanisms we are desperately trying to arrange to keep things moving forward there,” he explains. “So it is really what Cyprus means for Europe and what Europe means for the US that is Key.”
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 "