Russia is the most hated Market in the world except for Argentina

Robert Williams: So despite what’s happening, you remain steadfastly bullish on Russia.

Jim Rogers: Yeah. Obviously, the oil market drop is not good for Russia – no question about that – and it’s making the ruble go down. But, no, I see this as an opportunity. Unfortunately, I’m not very good at timing, so I don’t know when the opportunity will be.

Oil prices are not gonna stay down forever, I suspect. And Russia will rebound with oil or when they get their own act together. I mean, they’ll have to – if oil stays down at $60, they’ll have to get their act together and reorganize. But they’ve got enough resources. It’s a vastly, vastly rich country as far as resources are concerned. And it’s a very, very cheap market. I think it’s selling at half of book value right now. That’s not an expensive market.

It’s perhaps the most hated market in the world except for Argentina, I guess. And – well, not even that. Argentina’s not as hated, ’cause people are trying to raise money to invest in Argentina. So I guess Russia must be the most hated market in the world, which normally is an opportunity, Bob – normally. I mean, I emphasize normally. Who knows where the bottom is? I don’t.

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%.

Argentina is a Disaster

EXAME.com - Nothing in Latin America?

Jim Rogers - No. Argentina is a disaster, as it has been for many years. If I found something in Colombia or Peru or any other country I would invest better managed, but found nothing. Brazil is a very exciting country to be, that the government would begin to make things better for me to invest there again. At the moment I have no investment in Latin America.



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%.

Brazil : Very Exciting Country , Argentina : A Disaster

In an exclusive interview with The Brazilian EXAME.com , Jim Rogers revealed what are his preferred investments currently and made ​​criticism of the Brazilian government and warned of a possible financial collapse with the withdrawal of economic stimulus in the U.S. economy .

Check out the interview below  ( Summarily Translated from Portuguese : The Original interview could be found here : http://exame.abril.com.br/mercados/noticias/brasil-to-fora-jim-rogers-da-conselhos-e-teme-colapso?page=2 )

EXAME.com - Last week, the Fed did not announce the end of the economic stimulus program , as expected by many . As the market should react when the Fed start taking these " crutches " market ?

Jim Rogers - It has happened . They said they will not terminate the stimulus and the markets rose . Are putting more money in the financial market , but it will end eventually , and when finished will be very bad for everyone , worldwide , for the first time in history the major central banks ( Japan, Europe , England, USA ) are printing money trying to devalue their currencies . There is a large artificial lake of liquidity and we are all floating around this artificial lake, but will end . And when it's over , everyone will suffer .

EXAME.com - And when this should happen ?

Jim Rogers - I should never have started , it was a mistake, but insisting on following error. I would say that it will not end this year because Bernanke will come out in January and he did not want to have problems, you should leave for the next person . Should be complete next year or in 2015 . But it will end , can not go for so long , because the world can not continue taking this artificial impression of money . Eventually , the market will stop going to say " we will not take your money " or the Banco Central . I think the markets most likely say " we do not want more money" , but it certainly will happen in the coming years . Not this .
 Jim Rogers - No. The Brazilian government is making mistakes . It should be a wonderful place to invest , but his government follows making mistakes , putting special fares against some of your best partner , exchange control and so on . Brazil continues doing things that constrain the economy . So , I'm not investing and do not want to invest in Brazil , while they have a government anti -capitalism or anti -efficiency. While they have a government that does not understand the economy I do not want to invest there.

EXAME.com - So which countries are attractive to invest ?

Jim Rogers - I'm buying some stock in China . I am also looking actions in Russia . Myanmar has no stock exchange, but I would like to find investments there. Russia and China are the only places where I am finding investments at this time .

EXAME.com - Would you rather invest in Russia to invest in Brazil ?

Jim Rogers - I prefer to invest in Russia . Russia is not taking steps to discourage efficiency and investment and is Brazil . Russia has a floating currency , Brazil is exchange control .

EXAME.com - Which sectors are you most looking ?

Jim Rogers - I'm looking at agriculture , pollution control and water in China - China has a serious water - tourism in Asia , because for many decades the Chinese could not travel , can now . These are the industries that I'm looking in Asia and Russia , especially agriculture in Russia . I am also looking at airlines , Asian in particular. These are some of the areas I'm looking for investments .

EXAME.com - Nothing in Latin America ?

Jim Rogers - No. Argentina is a disaster , as it has been for many years . If I found something in Colombia or Peru or any other country I would invest better managed , but found nothing . Brazil is a very exciting country to be, that the government would begin to make things better for me to invest there again. At the moment I have no investment in Latin America .



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 on CNBC : Argentina a Frontier Market? 3/30/11

Famed investor Jim Rogers Chairman of Rogers Holding on CNBC 3/30/11 talking about Argentine :
Jim Rogers :" I have owned shares in Argentina at times I actually made money in Argentina at times , may be it is time for a rally in Argentina but the idea that Argentina is now the Holly Grail is beyond comprehension ....the deliveraging was forced on Argentina Investor Jim Rogers explains "they had to deliverage , it is not that these people suddenly said Oh we gonna do it right , I mean they were forced into that " " the idea that Argentina now is at a tipping point and changing for good is beyond comprehension for me " Jim Rogers added



.Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%.