Billionaire Jim Rogers: money must be invested in the East

2024 Author: Henry Conors | [email protected]. Last modified: 2024-02-12 02:48

It's strange to hear from an American that the dollar is becoming unpopular. However, Jim Rogers, a successful American investor born in B altimore, Maryland, USA, sends clear messages to the public in all his 2015 interviews that the US currency will soon come to an end, the bubble will suddenly burst, and invest in dollar is not recommended. And when asked where to direct free liquidity flows, he says that Russia, Kazakhstan, Asia are the areas and countries that are most attractive for the near future in terms of investment.

Jim Rogers is a man who loves money

These are the forecasts, very flattering for our country, given by this smartest strategist who made a multi-million dollar fortune in the financial field. Today this man is 73 years old (born October 19, 1942), he lives in Singapore (he believes that this city is very promising), teaches finance, gives comments in the media on the topic of investment,is the author of five books, a happy husband (his wife is Paige Parker) and the father of two daughters - one born in 2003, and the second - in 2008. Jim Rogers is a financier, successful businessman, husband, father, writer, philanthropist - in general, a versatile person. One of the books he wrote is structured as a list of advice for his youngest daughter and is called A Gift to My Children: A Father's Lessons For Life And Investing. The book was published in 2009.

Who wants to be a millionaire?

This is such an interesting and eventful life for a man who once started with George Soros - colleagues founded the Quantum Fund, increasing the value of his portfolio by 4200% in 10 years - the partners together earned their first millions. Jim Rogers honed his analytical mind first at Yale University, then at Oxford. He studied the future magnate politics, philosophy and economics. In 1964 and 1966, he completed his degrees and began to pursue his dreams…

Youth

While still a student, James worked at Dominic and Dominic, and it was then that his passion for what was happening on Wall Street woke up in him - stocks, currencies, securities … He groped for his path, which he never changed, and followed the thorny path of the investor by trial and error.

And after serving in the army he went to conquer the heights of the financial world. And today he hints opaquely that the state, which continuously prints its own currency, in the long run destroystheir economy and their entire country. Perhaps the American billionaire Jim Rogers, a man who made his fortune on fluctuations in prices and stocks, knows what he is talking about … His message about the currency concerns his home country. He says that the main task of an investor is to follow the events in the world, and the success of the latter in the financial field depends on how carefully what is happening and how correct the conclusion is made by the investor.

To live is to travel

The year of the Olympic Games in the USSR - 1980 has come. Jim Rogers left the business and went on a trip around the world. He took his wife with him, and on a motorcycle they traveled to different countries and assessed the standard of living of people in different countries. Their journey lasted almost two years. At the same time, Jim complained that, unfortunately, his native America was in an unsatisfactory state due to isolation from the outside world and unwillingness to improve his life and deal with economic problems. Then he was 37 years old. At the same age, he became a tenured professor at Columbia Business School.

Own measurement system

He has all of the material goods. There is no such thing that he could not buy. And in 1998, he even created his own commodity index - the Rogers International Commodities Index.

Looking East

"Don't buy the dollar, it will start to weaken soon!". This is stated by Jim Rogers, whose quotes are perceived by many beginners and experienced investors as a guide to action. He confidently says the following: “If a civil war ends somewhere in the world, do not miss the opportunity to invest in this market.” Perhaps he means precisely Russia, prophesying a calm future for her?

He himself considers the ruble, Asian currencies and… Kazakh tenge as promising currencies for long-term investment. And buys them. According to his forecasts, paper currencies, which are not backed by anything, may well find themselves in a deep crisis, and precious metals are expected to rise in price. According to him, a new economic crisis is possible in Europe and America, while the developing countries of Asia are very promising, but not yet so powerful compared to the West. Today Russia is a very serious partner. The Kremlin has undergone a reassessment of values over the past decades, and the Russian market is now attractive for financial investments - this is how Jim Rogers explained his investments in Aeroflot, the Moscow Exchange and the agro-industrial complex company.

Jim considers Russian agriculture to be the most promising. And he is slowly considering whether to invest in Kazakhstani projects. Since Astana became the capital of Kazakhstan, more than $100 billion has been attracted to the city. Jim believes that neither Europe, nor Brazil, nor even America can even come close to Astana. Today, the leadership of the Kazakh capital attracts foreign investors and works with existing financiers, creating even more attractive conditions for them to re-invest.

Advice for the future

He advises parents all over the world to teach their children Chinese. Most likely, it is China that is the future of the planet, maybe not in the coming years, but in this century for sure. The Chinese, studying and working abroad, return both knowledge and innovation to their homeland, they are interested in the development of their country. So investor Jim Rogers turns his eyes to the east, and whether he is right or wrong, time will tell.