Market Report: Bitcoin, Crude Oil, Sector Investing

Crude Oil: Known Reserves, Fracking, Price 

In my view, crude oil is making a bottom. It's a complicated bottom. We will look back someday and say, in 2014-2018 crude oil made its bottom. Known reserves of oil everywhere continue to decline except for fracking but the fracking bubble burst a few years ago. Now people know that fracking is not magic and that people can lose money in fracking. 

Bitcoin and Cryptocurrencies:

I repeat what I said about IBM and computers, the people who invent something do not necessarily become the ones who succeed but we do you that the world has a money problem. 

Quote of the Day:

"Historically, you buy stocks when they're yielding 6 percent and selling at eight times earnings. You sell them when they're at 22 times earnings and yielding 2 percent." - Jim Rogers 

Sector Investing: Agriculture

The agriculture sector has been a disaster for 35 years. Things are so bad. The average age of an American farmer is 58, the average age in Japan is 68. And do you know that the highest suicide rate in the UK is in the agricultural sector?

The importance of having a second passport:

“Over the next 20 years, being trapped with only one passport, you could suffer very badly.” - Jim Rogers speaking at the 11th Residence and Citizenship by Investment Conference in Hong Kong 

Crude Oil: Price Outlook, Fracking

In my view, crude oil is making a bottom. It's a complicated bottom. We will look back someday and say, in 2014-2018 crude oil made its bottom. Known reserves of oil everywhere continue to decline except for fracking but the fracking bubble burst a few years ago. 

Now people know that fracking is not magic and that people can lose money in fracking. (Nymex Crude Oil futures, Energy Select Sector SPDR ETF (XLE), Exxon Mobil (XOM), Marathon Oil (MRO), ConocoPhillips (COP))

Second Passport: A Must-Have Luxury Item

Jim Rogers believes that high net worth individuals should have a backup plan and he explains why he thinks why it will be so important to get a second passport over the coming years.

“Over the next 20 years, being trapped with only one passport, you could suffer very badly.”

The Future of Bitcoin

In this short video interview Jim Rogers discusses the futures of Bitcoin, internet and money.

This is what Jim Rogers had to answer when asked if Bitcoin will be the dominant cryptocurrency going forward:

"I repeat what I said about IBM and computers, the people who invent something do not necessarily become the ones who succeed. We do you that the world has a money problem."

Stocks: When To Buy, When To Sell

An old stock market quote from the archives, 

"Historically, you buy stocks when they're yielding 6 percent and selling at eight times earnings. You sell them when they're at 22 times earnings and yielding 2 percent." 

 -Jim Rogers

Related trading instruments: SPDR S&P 500 ETF Trust (SPY), Russell 2000 Index ETF (IWM), SPDR Dow Jones Industrial Average ETF (DIA), iShares MSCI Emerging Markets Index ETF (EEM)

Bullish on Agriculture

Jim Rogers has recently shared his thoughts on the agriculture sector and explain why he is so bullish on agricultural commodities:

"No one wants to be a farmer anymore, as compared to the past, when farmers were like masters of the universe for a long period of time."

"The agriculture sector has been a disaster for 35 years. Things are so bad. The average age of an American farmer is 58, the average age in Japan is 68. And do you know that the highest suicide rate in the UK is in the agricultural sector?"

Related trading instruments: PowerShares DB Agriculture Fund (DBA)

Agriculture: The Sector Has Been a Disaster For 35 Years

Jim Rogers talked agricultural commodities with Money Morning recently and he shared some very interesting stats and facts about the industry:

"The agriculture sector has been a disaster for 35 years. Things are so bad. The average age of an American farmer is 58, the average age in Japan is 68. And do you know that the highest suicide rate in the UK is in the agricultural sector?"

Related trading instruments: PowerShares DB Agriculture Fund (DBA), Mosaic Co (NYSE:MOS), Potash Corporation of Saskatchewan (USA) (NYSE:POT), John Deere (DE)