Jim Rogers on Trading
Of course Jim Rogers hasn't said this yet, but everything he does say underscores it, as Rogers isn't a trader. Let's immediately identify a trader. It's someone who moves in and out of the market trying to hit the big thing. This isn't investing, it's gambling, and an expensive form of gambling.
There was never a worst time in my investment life than when I was working for a brokerage and was bombarded with the next big thing about every 15 minutes. I was even (for a short time) caught up into doing the trading thing as the emotional swings in the office are hard to express unless you've been there, and they can pressure you immensely to do dumb things.
The reason I said in the title trading is for sissies, is because it doesn't take discipline and research to enter into a trade based for the most part on emotion and some type of "breaking tip" that you move on. Any wimp can do that.
It takes someone mature and disciplined to invest over the long haul, and Jim Rogers, others, and all research has shown this is the best way to build wealth.
Showing posts with label Jim Rogers Stocks. Show all posts
Showing posts with label Jim Rogers Stocks. Show all posts
Thursday, April 1, 2010
Tuesday, March 2, 2010
Jim Rogers: Dark Stock Age for U.S.
Dark Age for Stocks in America Very Possible say Jim Rogers
Jim Rogers recently talked about something that has been on the minds of a number of stock investors, economists and analysts around the world, and that is whether or not stocks in the U.S. could be poised to continue on into a similar dark age of performance as Japan's stocks have been for years.
Rogers stated stocks in the U.S. could overall drop in value all the way up to 2030. One metric Rogers uses for the current situation is the Dow Jones Industrial Average, which over the last 10 years has actually fallen in value by 9 percent, from 11,497 to 10,428 during that time. He says he wouldn't be surprised to see this go on for ten to twenty more years.
For Japan's part, their Nikkei experienced an all-time high of 38,957 in December 2008, and today stands at about 18,300, and not even close to beginning to recover its value.
If you don't think this could happen to the U.S., Rogers cites a period of time starting in 1964 where the stock market didn't grow at all, and was the same price through 1982. Adding the strong inflation in that time and value was diminished even further, said Rogers.
Dark Age for Stocks in America Very Possible say Jim Rogers
Jim Rogers recently talked about something that has been on the minds of a number of stock investors, economists and analysts around the world, and that is whether or not stocks in the U.S. could be poised to continue on into a similar dark age of performance as Japan's stocks have been for years.
Rogers stated stocks in the U.S. could overall drop in value all the way up to 2030. One metric Rogers uses for the current situation is the Dow Jones Industrial Average, which over the last 10 years has actually fallen in value by 9 percent, from 11,497 to 10,428 during that time. He says he wouldn't be surprised to see this go on for ten to twenty more years.
For Japan's part, their Nikkei experienced an all-time high of 38,957 in December 2008, and today stands at about 18,300, and not even close to beginning to recover its value.
If you don't think this could happen to the U.S., Rogers cites a period of time starting in 1964 where the stock market didn't grow at all, and was the same price through 1982. Adding the strong inflation in that time and value was diminished even further, said Rogers.
Dark Age for Stocks in America Very Possible say Jim Rogers
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