Wednesday, April 11, 2018

Invest in what you know about

"If you’re going to invest, be sure you invest in things that you know about, because there’s going to be very very difficult times and a lot of people are going to lose a lot of money, but I’m not one of them. Just stay with what you know and if you don’t know anything, just put your money in the bank and wait. Probably if you put your money in the bank you’ve got in the right currency, I happen to think the US dollar is going to be the best currency for a while. Then it’s going to turn into a nightmare by two or three years, but in the meantime, I would put money into the US dollar, in the bank, if you don’t know what else to do. But just stay with what you know, don’t listen to me."

via Finance News Network

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.