Posted on 01/19/2009 6:34:59 PM PST by Golddigger3
This guy predicted the crisis and has made lots.
ping
Also he’s lost a lot since commodities and Asian stock and real estate markets collapsed. I think he’ll eventually be right on the USD and US stocks.
I like Jim Rodgers, however the only thing that gets me about him is that he is a former confidant and business partner of George Soros. Rodgers doesn’t come off as a lefty at all, but I have always questioned that association.
I don’t know him, but he did say in the video:
1) He made a lot of money shorting American stocks, including financials.
2) His long buys are for the long term, and in the long term he thinks the fundamentals for commodities and Asia are great.
Show the obamabots that we’re stayin’ and we’re fightin’ back!
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He’s basically betting that the orient will leapfrog america. He even said he’s teaching his daughters chinese.
He says he’s the worst short-term trader and he doesn’t try to time markets. His long positions are for the long run.
He’s raising his 2 daughters in China.
I just started looking at his videos, but so far I’ve seen them back to 2007.
I’s say he’s pretty confident that china will be numero uno in his daughters’ lifetime. Otherwise he wouldn’t be doing that.
So he’s not worried about the demographics of China?
Half the population over 60, and the other half 2/3 men and 1/3 women? You would think something like that would cause problems.....
He is not the only one saying that. If you look at some of the largest publicly traded mutual fund companies, you’ll see that many of the international long funds are heavy Asia and US, and short Euro.
Where the difference comes in, is how long will it take the credit markets to recover. Some say early to mid ‘09. I think that’s way too “HOPE-ful”. It will most likely be into early 2010 before we see steady consistent growth again.
However, it definitely is time to be dollar cost averaging in, depending on your investment horizon. If you have more than 5 year time-span and you are sitting on cash, get some gold and DCA back into the equity markets, because once everything sorts out, it should tear it up again.
Probably make his daughters really really valuable.
dollar cost averaging
~~~~~~~~~
How bout a quick 5 cent lesson on what this is?
Buy low, hope it doesn't go lower.
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