Wednesday, April 27, 2016

Young people should follow their passions and it will reward you in the long term

You have to figure out what you love. When I was in university I didn’t have a clue what I wanted to be. Thank goodness I found the investment world, because that was my passion. I wanted to get involved with the world and know about the world, and all of a sudden I found a place where you could do that and get paid. 

People need to figure out what they love and do it. No matter how ridiculous other people think it is. Those are the kinds of people who are most successful because they are passionate about what they do. If they don’t become rich they don’t care because they’re so happy.

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.

Monday, April 25, 2016

Emerging markets such as China, Myanmar will suffer small setbacks similar to what US experienced in its historic growth

Everything has setbacks. In America in the 19th century as we were rising to become the greatest country in the world we had a horrible civil war, 15 depressions, terrible human rights, massacres in the streets, we were a mess. And yet we did okay. If you bought the collapses in the US you came out way ahead. 

Look at China, they started opening up in 1978, and there have been plenty of bad things happening in China between then and now. 

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.

Some countries don't want North and South Korea to become one

North Korea is opening up very rapidly and very dramatically. There are 13 free trade zones now; you can go participate in international marathons and wrestling matches. You can take bicycle tours of North Korea, art tours and movie tours too.

On the possibility of North and South Korea re-unifying

America is against it and Japan is against it. Japan would not be able to compete with a unified Korea. America wants to keep 30,000 troops on the Chinese border. There will always be people against everything. There were people against the unification of Germany. I think this would be great for Korea, northeast Asia, and the world.

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, April 20, 2016

Fed will do anything to save us

Every time we start having problems in the markets, people call the Fed and say, "You must save Western civilization; it's going to end."
Janet Yellen
The Fed, which is made up of bureaucrats and academics who don't know what they're doing, then panics. They're going to do whatever they can to save us again, so interest rates might have one more down leg, but it's the end.

The bond market is making a top and has been making a top for a while. The market is just not going to take it too much longer. You might have a temporary spike down, but don't pay too much attention to it. I'm not short Treasurys, but I am short junk bonds in the U.S.

Monday, April 18, 2016

We humans are not good at keeping secrets

I have heard a theory that the world is conspiring to drive down the price of gold so that the Chinese can buy a lot of gold and then everybody is going to drive the price of gold through the roof once the Chinese have enough so that they are equal to others. I have heard a lot of conspiracy theories in my day, and most I don’t buy. It would just take too many people to do this. 

These are conspiracy theories I have heard about gold and silver for years now. Well, if it were true it would take thousands of people around the world to drive down the price of gold and keep it down. Somebody would’ve talked by now. Some evidence would’ve come out because you would have all these central banks and bureaucracies conspiring. Humans are not that good with secrets.

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, April 14, 2016

Economic problems coming due to absurd US government policies

Japan is already in recession and some parts of Europe are in recession. Many countries in the world are already in recession.

But the problems usually start with a marginal country or company or industry which people aren't paying attention to. Last time around it was Iceland; all of a sudden Iceland went bankrupt, which led to more and more problem areas, including the American housing market.

These things usually start with where we're not looking. Certainly places like Venezuela are a disaster, so something could happen there. Another culprit is the American government. They're the ones that have printed a staggering amount of money and have run up these huge debts, which are now going to drag us all down.

We're all going to suffer. Very few people will escape the next financial problems or economic problems. It's been seven or eight years since the last economic problem in the world. That doesn't mean we have to have one, but we're overdue, and one is probably coming because of these absurd policies from Washington, D.C.

Wednesday, April 13, 2016

History shows that commodities may be about to rally

Back in 1987, stocks went down 40 to 80%. Many people said the bull market in stocks was over. It turns out, that was nothing more than a correction. They said the same thing in 1989, and a few other times during that long bull market.

If this was a bear market for commodities, in my view, it's come to an end. If it was just a long correction in a bull market, it's also come to an end―especially in agriculture.

Tuesday, April 12, 2016

ETFs are one of the best ways to invest for many investors

I use ETFs extensively now because I'm lazy and they're simple and efficient in every way. They're great and absolutely one of the best things that's ever happened in the financial world.

Jim Rogers is an American investor and author who co-founded the Quantum Fund with George Soros in 1973. 10 years later the fund gained more than 4000 percent.

Monday, April 11, 2016

Better opportunity to buy Gold in next 2 or 3 years

I own gold, but I've not bought gold for several years. 

I think investors will get a chance to buy gold lower in the next couple of years. If that happens I hope I'm smart enough to buy more. If it doesn't happen, I own some gold, I will make some money. But I'm still waiting for my another opportunity.

Crude oil prices, on the other hand, are in the process of making a complicated bottom. What normally happens is you have a big drop, then you have a dead-cat bounce, and then you test the lows. There could be developments across the globe that could see oil prices spike down but after that, I do see oil recovering. 

Wednesday, April 6, 2016

Markets have more money than the central banks

The US central bank has said they will not raise interest rates more this year — not more than once or twice. I think they have panicked, like before. When things looked a little troublesome, they panicked and didn’t know what they’re doing. They want to again flood the world with money. 

As a result, the markets have gone up. Eventually, market sentiment is going to overpower them, as the markets will not be able to take in more money. The markets, I believe, have more money than the central banks.

Monday, April 4, 2016

It may be a good time to short global markets | Huge problems ahead in few years

Central banks have again loosened their purses and put in more money. All that money has come into the markets and that’s all there is to this rally. I am not optimistic about the global economy for the next couple of years. Japan is already in recession and some parts of Europe are suffering. All this will get worse, as there is nothing to make the world get better. I expect a downside just about everywhere.

I like agriculture as an asset class and believe it is a good time to short global markets. There will be problems worldwide in financial markets in the next few years. I expect wild stock market swings, interest rate increases, currency swings and bankruptcies to impact world economies over the next couple of years.

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