Jim Rogers: what to buy now

Commodities will shine again, says professional investor Jim Rogers – but there are still some equity markets worth putting your money into.

By
published
in Features

924_MW_P14_Guru

55232934
(Image credit: 2008 China Photos)

Jim Rogers,author and investor

"It is the time to buy commodities again. I would say to you, write it down commodities are going to do better than stocks." Jim Rogers, who worked with George Soros on the Quantum Fund in the 1970s, has long been a fan of "real assets", yet most raw-materials prices peaked in 2011 and have since struggled to regain the lost ground. But with US stocks and the tech sector now on the slide, and interest rates rising, Rogers reckons now is the time for the sector to shine, he tells Remy Blaire at Sprott Media.

However, not all stockmarkets are heading for further falls, reckons Rogers. Smart investors need to "buy low and sell high". It may sound like obvious advice, but Rogers points to a number of markets that are well below their all-time highs yet remain out of favour with investors. "China's down 60% from its all-time high. Japan's down 50%... Russia is hated I own Russian shares; I own Russian bonds; I own the currency."

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Rogers made his reputation as an adventurous investor his book Investment Bikerwas all about a post-Quantum Fund gap year spent touring emerging markets and he hasn't changed. On his radar now? Zimbabwe. With former dictator Robert Mugabe no longer in power, Rogers reckons "things are going to change. They may get worse, but I would suspect Zimbabwe is now an interesting place to look". But do your research. "If you can't find Zimbabwe on a map... please do not invest... Only invest in what you, yourself, know a lot about."

MoneyWeek
Latest