Thursday, August 7, 2014

No such thing as safe investment

There is no such thing as safe, if you ask me. In the investment world, there is always a risk of everything even if one holds cash. You need to put your money in the right asset.

I certainly would think that anything in Africa, South America or even parts of Asia might be safe or considered less dangerous than parts of West Asia. I don’t expect geopolitical problems in Asia but who knows? The future remains uncertain.

Politicians, as history suggest, have done very foolish things and probably will continue to do foolish things. So, some parts of Africa and South America appear less dangerous — but no place is absolutely safe.

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.