October 23, 2012

Jim Rogers: Disaster Awaits the Markets in 2013

Jim Rogers was recently interviewed by the National television and said: "...first of all we have taxes increases in January first but secondly David we had recessions every 4 to 6 years since the beginning of the republic next year it's 4 to 6 years we are overdue , they always happen for different reasons now may be you know it's different this time , in Washington and in Fox Business News they tell you it is a recovery , 6 years from 2007 it is 2013 , we always had one next one it is going to be worse ..." says Jim Rogers

James Rogers also popularly known as Jim Rogers was born on October 19th in 1942. He was raised in a small town in Demopolis, Alabama. Jim Rogers found his feet in the stock market industry by starting off with a mere 600$ in the year 1968. Rogers was able to open the Quantum Fund with his stock market earnings and struck up a partnership with the legendary George Soros. With all his initial success, he was able to happily retire as a multi-millionaire at the age of 37. The Quantum Fund saw an overall increase in return by an astounding 4,200% in the ten years that they ran the fund together. In contrast, the S&P reported a rise of only 47%. Soros and Rogers ran the world's first truly macro hedge funds that had a worldwide scope. Rogers landed his first job in the year 1964 at Wall Street in a company called Dominick & Dominick in the year he had before he went on to Yale University from High School. That same year he moved on to his second job and that is where he met George Soros. The Quantum Fund inspired a lot of variations of macro trading. Jim Rogers is quoted in the "Money Masters of Our Time" as saying that his work was the most important thing to him in his life. Rogers didn't take a single holiday for ten consecutive years and this reflects the true level of professionalism. With the success he gained in his macro trading business, he was able to peacefully retire in 1980 with a fortune to his name. Ever since his retirement, he has taken on different media roles and has spent most of his time travelling and being a philanthropist. He is also known as a media commentator and remains active in investing.

Rogers was once quoted as saying that Jim Rogers "the 19th century was the century of the UK, the 20th century was the century of the US, the 21st century is going to be the century of China"

Jim Rogers is an great investor, author and respected financial commentator. He is a regular guest on different TV programs like these of Barron's, FT, Wall Street Journal, New York Times, Fortune and CNBC. Rogers is the president of Rogers Holdings and Beeland Interests.