Jim's First Trades

 

Jim Rogers tries to remember his first trade and describes his early experiences on Wall Street. 

Currencies: Turmoil Will Benefit The US Dollar

 

I own a lot of US Dollars at the moment. 

The United States is the largest debtor nation in the history of the world and it's getting worse every day so you probably should say well, why do you own US Dollars? 

I own them because we're going to have more problems, turmoil in the world later this year or next year. 

During times like that people always look for a safe haven. They think the US Dollar is a safe haven. It's not but they think it is for historic reasons.

So, the US Dollar will go much higher and it might even turn into a bubble. It'll certainly get overpriced at which point i'll have to sell my dollars.

Latest Interview With The Economic Times

Recent interview with the Economic Times:

Jim Rogers’ tip for new investors: Don't let hot tips ruin you

Topics:

- Cryptocurrencies, Bitcoin regulation
- India agriculture
- Russia, China
- Stock market outlook

India Should Be A Great Agricultural Nation Again

India should be, could be and will be a great agricultural nation again if the government gets out of the way and leaves those smart farmers to do it.

It's very dangerous when the government says it is coming to help you. When the government comes to help you, leave home, go away.

Bitcoin: A Perspective (from Peter Schiff)

 Recent Peter Schiff's commentary on Bitcoin,

"Losing the private key to your Bitcoin wallet is not the same thing as forgetting where you buried your gold. When gold is lost the world loses something -- the potential use of that gold as a metal. When Bitcoin is lost the world loses nothing. Gold is wealth. Bitcoin is not."

"The fact that an ounce of #gold can be divided into grams does not make it any less scarce. That's because its the weight of gold that's scarce relative to the demand to use it as a metal. Bitcoin weighs nothing and is used for nothing. So, dividing Bitcoin reduces its scarcity."

"The reason a one-ounce gold coin is twice as valuable as a half-ounce gold coin is that you can make twice as much jewelry with an ounce of gold as you can with a half ounce. Since you can't make anything out of a Bitcoin, a full Bitcoin has no more value than half a Bitcoin."

Investing: Bear Markets, Apple, Tencent

 Here are the links for the latest media appearances:

• Jim Rogers’ tip for new investors: Don't let hot tips ruin you
• ‘If I had Apple and Tencent, I would have sold them by now,’ says Jim Rogers
• Jim Rogers predicts the next bear market will be the worst in over 70 years

Have a great trading day!

Bitcoin Looks Like A Bubble

Many cryptocurrencies have disappeared and gone to zero.

We all watch Bitcoin but there are many others that have disappeared completely. 

I do not know who is buying Bitcoin. It looks to me like a bubble. I have seen many bubbles in my life.

Every Dollar A Young Man Saves

"I came into the market with $600 in 1968 and left in 1980 with millions. I was convinced, and still am, that every dollar a young man saves, properly invested, will return him 20 over the course of his life." 

-- Jim Rogers

Gold & Silver Will Eventually Go Much Higher!

I'm waiting for the correction. 

I don't know how long that correction will last, a month or a year. 

I will buy more silver, because it is down 50 per cent from highs, gold is down 10 per cent or something. 

I will buy a lot of silver and gold sometime later, because their prices would eventually go much higher.

Investing: Do Not Listen To Hot Tips

One should only invest in what s/he knows about.

Do not listen to hot tips, or me.

Everybody wants hot tips.

Those would bankrupt you, ruin you.

The way to be successful as an investor is to do nothing until you yourself know it is going to work and is backed by your own research.

Do Not Doubt Yourself

"I remember when I first started trading in 83 with a few grand saved and not a clue what I was doing. I don't know how, but I never doubted I would be successful. And you shouldn't doubt yourself. Why? Because every person can do much more than they think they can. My guarantee."

-- Mark Minervini, Momentum stocks trader profiled in Market Wizards Series

Vaccination Will Take A While

People think that the vaccine is going to calm things down and make economies restore themselves. It may well happen but it's certainly going to take a while. It's going to take a long time for people to get the vaccine.

I live in Singapore, a country with five and a half million people and it's going to be at least two quarters, maybe three before everybody gets it here and we're a small place. So, it's going to take a while.

Setting Goals

"If you limit your goals to what you know you can achieve, you are setting the bar way too low. Remember that great expectations create great capabilities."

-- Ray Dalio, hedge fund manager

Latest Market Commentary: January 20th 2021

 Currencies /Forex: Euro can't be a reserve currency for the world instead of the US dollar. Chinese renminbi could be one in the future

Stock Market: This bubble is not complete yet. When it becomes a full bubble, it will pop and a lot of people will lose lot of money

Cryptocurrencies: Never bought any cryptocurrency; many cryptocurrencies have disappeared and gone to zero in value. If government outlaws crypto, no one is going to use it

India: I wish India opens up more because if you open up more, India will be a much greater market in the future.

Never Bought Any Cryptocurrency

Never bought any cryptocurrency; many cryptocurrencies have disappeared and gone to zero in value. If government outlaws crypto, no one is going to use it.

Bitcoin: It Looks Like A Bubble

I have never bought any cryptocurrency but I wish I had bought Bitcoin. Bitcoin to me looks like a bubble. I have seen many other cryptocurrencies disappear. I am not making maoney but I am not losing money either.