Jim Rogers: The Contrarian Commodities Trader
A contrarian investor is an individual who believes in profit rather than following popular opinions. These folks buck the conventional trends, do not adhere to the standard market perceptions, and believe that most investors are usually wrong. Jim Rogers, a man who made billions with ideas hated by Wall Street, is considered the number one contrarian investor by many people.
Mr. Rogers is also one of the most successful investors of this generation. He entered the stock market in his twenties, holding a mere $600. By the time he was 37, he retired with more cash than most of us could ever dream of, let alone spend. From 2000 to 2003, he drove through 116 countries, capturing his adventure on paper in the book, Adventure Capitalist – The Ultimate Investor’s Road Trip.
Some of this investor’s most notable conclusions to avoid investments in India and Russia, despite their technology skills and natural resources. He supports investments in Mongolia, Uruguay, China, and even Tanzania. Based on his past investment success, few tend to argue with this advice, no matter how strange it may seem.
His predictions for commodities include the belief that these will outperform equities even accounting for economic recovery. However, he does not believe that all commodities will have the same results. According to him, gold will reach $2,000 per ounce. He believes that silver is a better investment because it is far below its all-time high. There are also opportunities in agricultural commodities like rice and sugar, which are still cheap.
Anyone interested in learning more about Mr. Rogers’ thoughts should read his blog, appropriately named “It’s Better To Be A Contrarian.” For him, these words have proven to be true, especially from a financial perspective. Here’s to all those people who refuse to give in to popular belief, choosing instead to follow their own instincts.
Keep learning more:
- Peter Lynch: Invest In What You Know
- Gold Is The Only Global Currency
- Inflation is the Biggest Risk of Bond Investing
- The 3 Basic Stock Investing Strategies
- Mutual Funds 101: How to Invest in Mutual Funds
- P2P Lending: What Is Peer To Peer Lending?
Learn How to Invest
This website provides completely free investing courses for normal people so they can learn how to invest correctly, retire early, and find financial freedom and security.Enter your email below, and I'll personally email you a free course on investing in gold, a free guide to dividend stocks, and a free course on building a passive investment income.
You'll also get weekly free tutorials on financial security, getting debt free, and living a wealthy lifestyle on a limited budget.
And it's all free. Get it all right now: