Last Tuesday I visited an investing seminar by Jim Rogers. Although investing isn’t the main focus of my blog, it has always been one of my interests. When I was accidentally signed up for this seminar, I hesitated a bit, but realized it would be a very interesting evening. Many of you may know Jim Rogers of his investing strategies and books. He made his money with one of the first hedge funds and spends much time traveling the world.
When such a person speaks, one couldn’t feel to stop and listen. His main message during the evening was to invest in China and commodities. He showed how commodities have a traditional cycle of increasing prices of about 15 to 20 years followed by a same period of declining prices. We are currently in an up cycle. He finds stocks and bonds to be less interesting, though owns stock at the Chinese stock market.
He did the prediction that investing in commodities would be as big as investing in mutual funds is currently. 30 years ago nobody had heard about them and know everybody invests in them, for instance through pension funds and mortgages. He predicted we would need an arena to house everybody who would interested in a seminar likes this. At the end of the lecture he allowed questions for about 40 minutes which underscored his accessibility and directness.
All in all a good evening, a change of perspective is always good.