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%.
ETF.com: You’re famous for looking at and investing in places
that other people aren’t talking about. Where is that right now? What
part of the world are people ignoring?
Jim Rogers :
I would start with Russia, given that it’s one of the most hated
markets in the world. Russia is very, very cheap, and it’s a very
neglected stock market with enormous natural resources. I first went
to Russia in 1966 and came away negative, and I stayed negative for
the next 46 years, so it’s been a long-term bear for me. But in recent
months I’ve started changing my views and have started buying shares
in Russia.
Another one might be Japan. I don’t know if Japan is
ignored or not, but it’s down 60-70 percent from its all-time highs,
so it’s still neglected to some extent. Sure, it’s doubled in the last
year, but its all-time high is 24 years ago!
Prime Minister
Abe is spending and printing enormous amounts of money, which in my
view will ruin Japan eventually. In 20 years, we’ll look back at Japan,
and its death knell will be what Mr. Abe did in 2012-2014. But in the
meantime, there are staggering amounts of money and spending, and
printing has to go somewhere, and I suspect a lot of it’s going to
find its way into the stock market.
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 "