JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
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 : I wouldn't buy Bonds because I expect Interest Rates everywhere will be going Higher. I'm not optimistic about bonds long-term, although short-term they'll probably be OK.
I'd rather buy the renminbi directly. Even the Chinese are starting to loosen up their interest-rate structure; they have to. So interest rates in China are headed higher.- in Barron's
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%.
"Bonds and stocks frequently go in different directions. They don`t have to go the same way every month, every quarter, every year.
I can remember days when the Federal Reserve was raising interest rates and stocks would continue to go up."
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 comments on the coming correction for the Bond market.
Not this month, but it's certainly going to go back into a bear market. . . . It's going to go on for a long time, and it's going to be extremely painful for a lot of people."
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%.
“I would urge you if you own bonds, bonds in nearly any country, to go home and sell them, unless they’re special situation bonds, or unless they’re some kind of short-term bonds,” Jim Rogers said Thursday to the 2011 Seoul Global Financial Conference at the Shilla Hotel .
“If any of you happen to be bond portfolio managers, I would get another job, because you’re in the wrong place at the wrong time,” he added . Rogers said that his own portfolio contains few stocks, instead favoring commodities and foreign currencies. via The Korea Herald www.koreaherald.com
Investment guru Jim Rogers warns stock markets could collapse if the global recovery fails to reignite and is urging investors to turn to commodities.
jim-rogers
Rogers, who launched the pioneering Quantum fund with George Soros in 1970, believes the commodity market could continue to thrive irrespective of the eventual path of the world economy. read article >>>>
Jim Rogers, CEO of Roger Holdings, interviewed by NDTV shares his perspective.
Jim Rogers : there has been a crash but thge markets have been very weak , in the past two to three months nearly everywhere in the world and markets have been going down , they gone up a whole lot in 2009 and first part of 2010 now they are having a correction , the question of course is this correction gets worse or is it just a simple term correction . in my view we have seen the worse yet for the markets in the US market and the European markets get into trouble that's going to affect everybody remember the European and American markets are huge markets huge economies compared to the rest of the world , we cannot avoid what's happening in the west whether we like it or not ...
I happen to have short shares in the United States because I do expect markets around the world to be weak for a while I own commodities on the long side I am short stocks on the short side and I own some currencies that's how I am playing the world economy as we set here .....
anything could happen , all i know is I am short stocks right now I have no idea if and when I will cover my shorts but I do expect stocks to be a bad place to be for most investors around the world at least at the moment and going forward , i do not see much that can turn that around because we had such an exuberant year or so ...
mainly I am long agriculture because agriculture is still very very depressed ..., My view of the world is : if the world economy gets better I am going to make money in commodities because shortages afe developing if the world does not get better i still want to own commodities because then governments around the world are going to print a lot of money , and throughout history when governments printed money the only way to protect yourself and to make money is to own real assets whether that's silver or rice or natural gas , you got to own real assets , I happen to think agriculture as a class is more depressed than anything else but they're all they're all going to do well....
I am a terrible market timer i am a terrible trader I buy the Rogers indexes because that way I can invest in everything but if you're going to invest in individual commodities and if you know a lot about them , I would start with the things that are most depressed , rice is extremely depressed natural gas is extremely depressed , if you look at metals , silver is very depressed compared to its historic highs platinum palladium are very depressed , gold is making all time highs , I when I look at individual companies or commodities I usually start with the things that are depressed i mentioned three that happened to be very depressed whether you should buy them or not , I do not have a clue ...
I do not see any bubbles in commodities gold is at all time high coco tea there are few things that are near all time high these things are very depressed over any long term period of time , Gold is making an al time high but if you adjust gold for inflation gold should be well over $2000 per ounce right now , coco made its previous high in 1977 if you adjust the price for inflation it should be much much higher , so none of the commodities are very expensive on a historic basis if you look at inflation and cost of production
...I have no position in (US) bonds in my view that is a bubble which is forming but bubbles can go much higher than anybody could expect , I cannot conceive of anybody lending money to the United States Government for thirty years in US dollars at 3 , 4 , 5 or 6% interest , but there are people doing it , I am short bonds yet , I hope I smart enough to do it someday obviously I should long bonds instead of just watching and waiting for a short but its a bubble in formation ...etc...
(This Transcript was made manually and hence should not be taken literally )
In a recent interview with ET Now (India economic Times www.economictimes.indiatimes.com ) dated 10 Aug 2010 Investment guru Jim Rogers from Singapore spoke about a variety of topics including the bonds bubble , the financial reform agricultural commodities and the Indian equities among others.... Jim Rogers :"Bonds never go down. Bonds have been going up in the United States for about 30 years now. There have been a few corrections but very few, and yields in the United States are very, very low on any historic basis anywhere in the world. This is just not normal. The government bonds yield this little and especially in a country which is the largest debtor nation in the history of the world and with gigantic amounts of bonds yet to come. In my view too, there is going to be much more inflation which will cause yields to go higher and higher. I am not sure about bonds yet, have not been for long time, but I see a bubble building. Eventually, I hope I am small enough to sell them short."
"It's weird from my own experience , I knew that investing in commodities was no more risky than investing in stocks or bonds - and at certain times in the business circle commodities were a much better investment that most anything around . Some investors made money investing in commodities when when it was virtually impossible to make money investing in the stock market . Some made money investing in commodities when the economy was booming and when the economy was going in reverse . And when I pointed out to people that their technology stocks have been more volatile than virtually any commodity over time , they nodded politely and kept looking for the next new thing in equities" Jim Rogers from his book Hot Commodities : How Anyone Can Invest Profitably in the World's Best Market
Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver
“The only bubble I see forming in the Western world is in the U.S. government bond market,” Jim Rogers told Bloomberg.
“Other than that I don’t see any bubbles going on.” “They’re certainly all up a lot, and maybe they’re too high,” he said. “But being too high is not a bubble. . I’m not buying any stock market around the world right now. They’ve all gone up a lot.”
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 "
