ETF.com: Chinese stocks and emerging markets in general had a great month in March. Do you like China? Where else do you see opportunity?
Jim Rogers : I own China and I haven't sold any Chinese shares at all. I will probably buy more, given the right opportunities and the right circumstances.
Other things I recently bought are short-term ruble-denominated Russian government bonds. I am also taking a look at shares in Russia, Kazakhstan, Nigeria, Angola and Iran.
But for the most part, I may not buy much of anything these days, because I'm pessimistic about the world. There's going to be serious financial market problems sometime in the next couple of years.
Everybody's going to be affected, including China. When you have Europe and America and Japan and other places with problems, everybody's affected.
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%.
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