Jim Rogeters Investor Success Story- For those of you who want to become a successful investor, you can see the journey of Jim Rogers. He was one of the most successful investors of his time with a fantastic wealth of assets. Then what about the story and the beginning of his career until he became a billionaire? We will review his biography below.
Rogers was born in Baltimore, Maryland and raised in Demopolis, Alabama. He started his business at the age of five by selling peanuts. He also often picks up empty bottles left by spectators at baseball stadiums. He got his first job in Wall Street, Dominick’s section, after graduating with a bachelor’s degree from Yale University in 1964. Rogers then earned a BA in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966.
In the investment world, Rogers aware that the world market is full of uncertainty. So, he anticipates all bad possibilities by investing the profits he can in one sector, namely commodities.
He had said that commodities will probably be the highest investment sector in the coming years, and investors should consider taking some of their investment funds and including them in investment priorities.
“If I’m going to buy something, I’m going to buy the agricultural commodities sector,” he said. “I think buying anything, including agriculture, has big drawbacks. But I think that sector will be a big investment in the next 10-20 years,” he said.
And if you ask about gold, Rogers will say, “I’m not surprised if gold is going to be at $1,200. But if the price goes down, I’ll put my funds there. Gold has been up in 11 years and it deserves a substantial correction. ”
Rogers had served as chairman Rogers Holdings and Beeland Interests, Inc. He is also the former chairman of the Quantum Fund and the founder of the Rogers International Commodities Index (RICI). Rogers was one of the proponents of a free market.
In 1970, Rogers joined the company Arnhold and S. Bleichroder. In 1973 Rogers co-founded the Quantum Fund with George Soros. Over the next 10 years, the portfolio under management rose 420% while the S&P index rose 47%. The Quantum Fund was the first major international financial company to exist. Since then, he has been a visiting professor of financial studies at Columbia University Graduate School of Business.
As one of the most successful investors in the world, Jim Rogers has had a lot of experience. In 1980, Rogers decided to “retire”, and spent part of his time traveling by motorcycle around the world.