Jim Rogers Blog

Wednesday, June 22, 2016

Buying when prices are low worked well for me says Jim Rogers

I was a confused university student and once I found out about the investment world, I did not go to a law, business or medical school. I went to Wall Street as soon as I could.

It didn't take me too long to figure out that many people didn't have a clue what they were doing in the investment world. I saw other people making mistakes, and I saw that following other people usually wound up being a mistake. It was hit and miss, so I stopped listening to other people and started doing my own research and investments.

So I tried to find things that I knew or thought I knew would be successful - usually something that was cheap or had a low valuation, based on however you want to value a stock. I realized if you find something that's cheap, even if you make a mistake, you're probably not going to lose a lot of money. If you're right, it could go up a lot.

Monday, June 20, 2016

Opportunities for agriculture exists all around the world

There are many ways to invest, the best being to buy land and be a farmer. Or buy land and lease it out or get a tractor dealership some place.

Vietnam would be a great place to be a farmer! Most nations with good land, good weather, and good soil would be great to be a farmer.

Go to the Congo, go to Ethiopia, go to Angola. There are plenty of places where you can buy land and do things. Even in China you can have a 60-year lease, which isn’t great, but it is better than a 2-year lease or no lease. There are opportunities, but the best is to buy land and become a farmer. You can also open a restaurant or tractor dealership in agricultural areas that will start to do better.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Thursday, June 16, 2016

Oil reserves going lower and production is declining

There will continue to be political and other disagreements within OPEC but basically they want prices to go back up though I do not think they will want to increase production. 

And remember that oil reserves everywhere in the world are going down except for the frackers and the frackers cannot make money at these prices. So you have a situation where reserves are already in decline and production is declining.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Wednesday, June 15, 2016

Most of the Fracking in USA, Oil Sands in Canada not profitable at current oil prices

The frackers in America are going out of business and production is coming down. It will be coming down much more dramatically over the course of this year.

Deep drilling cannot be profitable at these levels. Most frackers in United States cannot be frackle at these levels. The oil stands in Canada are not profitable at these levels. Venezuela is not able to produce much at these levels. So if nothing happened, production will continue to go down and that will cause prices to continue to go up. 

They[OPEC] are ruining the people in the us who are in the fracking business. So they are doing what they said they wanted to do.

Monday, June 13, 2016

Long US dollar, long agriculture and short US stocks is a play on economic crisis

I expect very serious economic turmoil and financial market turmoil in the next five to ten years. I would expect in the next two or three years, you are going to see markets around the world being weak and maybe even collapse in some countries. 

In such a situation, I would bet on the US dollar mainly, because that is where people will go for a while, maybe some more agricultural products because agriculture is getting better and better. I would short US stocks. 

What I would do is go long in the dollar, and short the US stock market especially the Nifty-50 stocks and long agriculture.

Wednesday, June 8, 2016

Expecting Gold to go lower still

Gold went down in the last 10 days. I think people started to realize there is nothing behind it to keep it going and as I said before, central banks are going to slow down and may well raise interest rates in the next month or two. When that happens, they will take the fire out of gold.

I own gold. I have not been buying gold for some time but I own it. I still expect gold to go lower. It is not such a surprise because that is how markets work. Gold has been beaten down for four-and-a-half years now and so it is not surprising to have a rally. We have had three or four rallies like this during the past since 2011 when gold peaked. All of them petered out. I suspect that this will peter out too, but that is normal. All markets collapse, have big rallies along the way. Gold has had three or four since 2011.