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Jim Rogers Teams Up With Macquarie To Create New Index
Investing icon Jim Rogers and Australia’s Macquarie Funds Group have teamed up to create an agricultural-commodities index that will help investors profit from shifting patterns of food consumption in the burgeoning market of Mainland China.
The Macquarie and Rogers China Agriculture Index is an investable index that will track price changes of the market “basket” of the agricultural commodities most commonly consumed in China. Macquarie Funds is the asset management arm of Australia’s Macquarie Group.
Macquarie actually created the product in November, and continued to operate it in December, when the China agricultural index posted a return of better than 11% – outperforming most…
28Jan2009 | Money Morning | 0 comments | ContinuedJim Rogers Says Buy These
“Historically, the way you make money in times like these is that you find things where the fundamentals are unimpaired.” – Jim Rogers
That sounds easy enough, right? Just find unimpaired companies, buy them, and wait. In essence, there couldn’t be better advice right now.
Of course, the question then is, “When should I buy unimpaired assets and businesses?”
For instance, Google (NASDAQ:GOOG) is going to be a mainstay on the Internet for years to come. Its market share is growing and its competition is fading.
And it’s making all the right moves during a downturn. It’s cutting expenses. It’s socking away cash (as much…
20Jan2009 | Q1 Publishing | 0 comments | ContinuedJim Rogers: $700 Billion Banking Bailout is ‘Horrible Economics’
Ask investing icon Jim Rogers about the $700 billion U.S. banking bailout, and he’ll tell you that it’s nothing but “horrible economics.”
And with good reason: Most of the major U.S. banks are already bankrupt.
“Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt,” Rogers said in a recent teleconference at the Reuters Investment Outlook 2009 Summit. “What is outrageous economically and is outrageous morally is that normally in times like this, people who are competent and who saw it coming and who kept their powder dry go and take over the assets from the…
3Jan2009 | Money Morning | 0 comments | ContinuedInvestment Guru Jim Rogers Says Commodities are the ‘Place to Be’ Despite Their Decline
Commodity prices have plunged from the record highs they hit earlier this year, but in a recent interview with Bloomberg, investing guru Jim Rogers said he is still bullish on commodities, which he expects to take off as soon as the clouds of the global recession lift.
The Reuters/Jefferies CRB Index of 19 commodities has fallen more than 54% from its July peak and is now at its lowest level in six years. Oil spearheaded the decline, with light, sweet crude for January delivery dropping $2.36, or 5.4%, to settle at $41.31 a barrel on the New York Mercantile Exchange…
8Dec2008 | Money Morning | 0 comments | ContinuedJim Rogers: Commodities only unimpaired asset class
Bloomberg
Nigel Stevenson and Brett Foley
The fundamentals of commodities are “unimpaired” and prices will rebound when a lack of new supply leads to shortages, said Jim Rogers, chairman of Rogers Holdings.
“Commodities will be the place to be if and when we come out of” the downturn, Rogers said yesterday in an interview from Miami. “The only thing where fundamentals are unimpaired are commodities. Farmers cannot get loans for fertilizer now. Nobody can get a loan to open a zinc mine. So we are going to have some serious, serious supply problems before too much longer.”
The Reuters/Jefferies CRB Index of 19…
8Dec2008 | The Real Deal | 0 comments | Continued
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