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%.

Thursday, December 29, 2011

Jim Rogers on The Financial Stocks

Jim Rogers : Bank of America has been in trouble the last couple of years and will continue to be in trouble, yes. Bank of America´s made a lot of premature decisions in the past five, ten years, and now they should go bankrupt. I think American bank stocks are going to continue to have serious difficulty. The stocks are not going to do much. They may continue to trade in training ranges. They´ll go up down, up down, up down, but they´re not going to go anywhere for a long time. America made a really terrible mistake in finance in the past 20 years, we?re going to pay for them. Those stocks will not be a good place to be for a long time to come. I have sold short one large American bank. I would not think about buying, unless somebody´s a good trader . I would not think about buying American banks including Bank of America. Now, again, it could trade from five to eight or five to ten. But as far as going up a lot it´s not going to happen with Bank of America or other bank stocks.- in Eleconomista.es

Jim Rogers outlook for the Emerging Markets in 2012

Jim Rogers : First of all, you ask about emerging markets. I have to set them short stock of emerging markets such as India and other countries. I am not sure about Chinese shares. Some parts of the Chinese economy are going to have a hard life. The government in two or three years has been trying to pop the bubble in real estate. So anybody who doesn´t know that Chinese real estate is going to have problems shouldn't be investing at all. They should probably just be reading the newspapers. China´s been doing their best for two or three years to slow things down in real estate. It´s going to happen. It is happening, and that will cause a hard landing in properties but the other parts of the Chinese economy are going to continue to boom. If you´re in water or agriculture or many other parts of the Chinese economy, you don´t care if a lot of real estate people in Shanghai are going bankrupt. You´re making too much money and you?re working too hard. So some parts of China will have a collapse. Some parts of China will not be affected at all.- in Eleconomista.es

Expecting Precious Metals to continue to correct

Jim Rogers : Well, I´m not selling my precious metals, my own precious metals. I´m just expecting them to continue to correct, and if they correct I´m going to buy more. The lower they´ll go the more I buy more and more. But I´m most optimistic about agriculture. Agriculture is extremely depressed on an annual basis. We have shortages of everything developing. Many farmers are very old. The average age of a farmer is 58. In Japan the average age of farmers is 66. In Australia the average age is 58. I mean we´ve had our share of serious, serious problems in agriculture very serious shortages developing. Agriculture is going to be one of the most exciting areas of the world economies in 10, 20, 30 years.
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 "
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