Oil prices hit bottom a few months ago and now they are going up again because low prices bring high prices. Producers cut production, others go bankrupt and people consume more so prices go back up. Prices will be much higher in 2 or 3 years. (United States Oil Fund LP ETF (USO), Energy Select Sector SPDR ETF (XLE), Nymex Crude Oil futures, Exxon Mobil (XOM), Marathon Oil (MRO))
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.
Wednesday, August 24, 2016
Emerging Markets: Some Are Great, Some Are A Disaster
There is no such thing as emerging economies. There are some great ones, some mediocre ones and some disaster ones, so do not put them all together.
I am optimistic about things like Kazakhstan now, Nigeria, I am looking at Iran and I am wildly bullish on North Korea. I am bullish on China but I am not buying China. China is going to be the next great country in the world. ( iShares MSCI Emerging Markets Index ETF (EEM), iShares FTSE/Xinhua China 25 Index ETF (FXI))
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.
I am optimistic about things like Kazakhstan now, Nigeria, I am looking at Iran and I am wildly bullish on North Korea. I am bullish on China but I am not buying China. China is going to be the next great country in the world. ( iShares MSCI Emerging Markets Index ETF (EEM), iShares FTSE/Xinhua China 25 Index ETF (FXI))
Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.
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