JIM ROGERS BLOG: 01/30/13

Wednesday, January 30, 2013

Jim Rogers : The Euro may Collapse after the German election in 2013

Jim Rogers :...out of Europe you are going to see currency turmoil , interest rates going to the roof , bonds defaulting , bankruptcy , it is not going to be a lot of fun it might lead to an ultimate solution , there is nothing like a crisis to cause people to address issues , but often when n they have the crisis the politicians look for the easy way instead of the right way and they just make it worse down the road.

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Jim Rogers : I have my money invested mainly in natural resources and currencies

Jim Rogers : Times have always been uncertain except when people look back, so these times are no different in that regard. First, everyone should invest only in things which he understands himself. Do not look for hot tips. I have my money invested mainly in natural resources and currencies. I do own a few shares around the world which I have owned for years. I also have Japanese shares I bought mainly during the tsunami and in the fall of 2012 when it became clear they were going to drive down the yen. I am also short long-term government bonds in the US as well as a few stocks. 2008-2009 was the sub-prime crisis, it was followed by the sovereign debt crisis, followed by the Euro zone crisis. What is to follow or are we seeing the light at the end of the tunnel? I am of the view that things may get worse probably by the end of 2013 and 2014, especially more turmoil in the currency markets as well as more financial difficulties in the sovereign markets. - From cpi financial

There Is No Such Thing As A Paper Loss

"There is no such thing as a paper loss. A paper loss is a very real loss." - in Market Wizards