Wednesday, July 8, 2015

What Jim Rogers is buying right now

Things I'm buying now are those that are down. Russia's a very hated stock market, Japan is down 50 per cent from its all time highs, China is down 30 or 35 per cent from its all-time highs.

I started investing in Japan about three years ago, Russia two years ago, for instance.

I bought Zimbabwe shares two weeks ago. That's new, I didn't buy a lot. I haven't bought shares in Zimbabwe for about 25 years. It's a disaster but therefore cheap. What instigated me to start investing there again was that they completely abolished their old currency and started using US dollars.

The real new future in Zimbabwe will happen when President Robert Mugabe leaves. He's an old man and he will leave some day, and that will be the real change.

 VIA Straitstimes 

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.