Monday, June 3, 2019

Russian stocks look cheap

Jim Rogers prefers to buy Stocks when they are low and Russian stocks appear to be cheaper than others at the moment.

"At the moment I am mainly looking at Russia. In fact, I am buying shares in Russia right now. I own Russian government bonds in Roubles as well. The interest rates are very high there. So yes, I am interested in both. Russia is very cheap compared to markets all over the world. The main problem is stocks in much of the world are up and I prefer not to buy when things are going up and I know that there are going to be some problems in the markets in the next year or two. My hope is that when problems come to the world markets, I am smart enough to buy lots of stocks." 

via economictimes

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