Saturday, August 30, 2008

Jim Rogers Shows that Asia is the next Big Thing

In my personal opinion, Jim Rogers is really an investor who walks the talk.

In 2007, Jim Rogers sold his mansion in New York City and moved to Singapore. This was due to his belief that this the investment opportunity and potential in the Asian markets are there. Roger's daughter is also being tutored in Mandarin to prepare her for the future.

To quote Rogers: "Moving to Singapore and Dubai now is like moving to New York City in 1908," he said. Also, he is quoted to say: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia." In an CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in Asia are extremely motivated and driven, and he wants to be in that type of environment to be himself motivated and driven. He said during that interview that, this is how America and Europe used to be. He chose not to move to Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his daughter.

I first read about Jim Rogers through his book hot commodities. Rogers had correctly predicted the current bull market in commodities and in Hot Commodities, had advised people to invest in commodities to ride the next bull market. This book was written a few years before the actual bull run in commodities that we are facing today.

To prove his belief in commodities, Jim Rogers also set up the Rogers International Commodities Index which I believe was also launched in Singapore recently.

Upon reading his book, I also placed a certain amount of my portfolio into commodity related funds. Though of course this was not the best option as Jim Rogers had opined that the greatest profits to be earned was not in commodity stocks but in commodities itself.

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