Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Tuesday, June 14, 2011

Jim Rogers : US Should have been downgraded long time ago

Legendary Investor and commodities investment guru Jim Rogers told The Indian Economic Times on Monday that the US should have been downgraded a long time ago
Jim Rogers : "...What is Fitch talking about? What are they waiting for? America already should be downgraded. They should have been downgraded years ago. The rating agencies have gotten it wrong for 10-15 years now. America is bankrupt. What are they talking about? " and regarding the US Dollar Jim Rogers says that he is longing the US Dollar "At the moment, I happen to be long US dollar . because everybody is so pessimistic about it, including me. So when I see that 95 or 98% of the people are bearish on something, I stepped in and bought. I own the US dollar. I do not know how long I will own it. If it goes up, I am sure I would sell it. If it goes down, I would probably sell it and take my losses. But it is only because there are too many bears at the moment. "





Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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