Personal Finance

Jim Rogers: Become a Successful Investor

Posted by Jim Rogers - Jim Rogers Blog

on Thursday, 15 August 2013 13:08

The Way You Become A Successful Investor

“The way you become a successful investor is by investing only in what you yourself have a wealth of knowledge about. Concentrate on what you know… you will see a major change coming long before anybody.” – in Bangkok Post 
 
READ JIM ROGERS BLOG HERE –  http://jimrogers-investments.blogspot.ca
 

Reasons To Short India

“I used to own tourist companies in India at a time. India should have had the greatest tourist companies in the world. If you can only visit one country in your life, my goodness, it should be India—it is an astonishingly spectacular place to visit. There is no place that has the depth of culture that India has. Yes, I have new reasons to short India—just read its newspapers everyday and you will see why.

The government goes from one mistake to another—no matter what the controls are, no matter how much the debt keeps rising, Indian politicians are only looking for scapegoats. Look at the latest thing with gold—Indian politicians want to blame the problems of their economy on someone else, and now it is gold. Gold is not causing India problems, but it is quite the contrary. Exchange controls in India are absurd, the regulations that India puts in place result in foreigners going through 70 loops before they can invest in India. Foreigners cannot invest in commodities in India.

India should have been among the world’s greatest agriculture nations—you have the soil, the people, the weather, but it is astonishing that you have not become one—it is because Indian politicians, in their wisdom, have made it illegal for farmers to own more than five hectares of land. What the hell—can a farmer with just five hectares compete with someone in Australia or Canada? Even if you put together the land in all your family, it is still not possible to compete. Much as I love India, I am not a fan of its government. Every one year, they (Indian government) come up with more reasons for me to be less optimistic about that country.” – in Live Mint 

Related ETFs: iShares MSCI Emerging Markets (EEM)

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Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.

12-Month rise up 1.9% in July.

The Teranet–National Bank National Composite House Price Index™ rose to an all-time high in July, as did the indexes of four of the 11 metropolitan markets covered by the composite index: Hamilton, Toronto, Ottawa-Gatineau and Quebec City. However, the composite index was up only 1.9% from a year earlier. Though this was a slight acceleration from June, the 12-month gains of these two months were the smallest since November 2009.

By way of comparison, the Case-Shiller home price index of 20 U.S. metropolitan markets was up 12.1% from a year earlier in May (the latest available reading).

In Canada, the price rise over the 12 months ending in July exceeded the cross-country average in six of the 11 markets: Hamilton (6.7%), Calgary (5.9%), Quebec City (3.8%), Edmonton (3.5%), Toronto (3.4%) and Winnipeg (3.2%). It lagged the average in Halifax (1.5%), Montreal (1.1%) and Ottawa-Gatineau (0.9%).

Prices were down from a year earlier for a fifth straight month in Victoria (−4.0%) and for a 12th straight month in Vancouver (−2.0%).

…..read more HERE

And pointed to very little inflationary pressure in the economy, which could add to worries at the U.S. Federal Reserve that inflation is running too low.

The Labor Department said on Wednesday a drop in natural gas and gasoline costs held back its seasonally adjusted producer price index. Analysts polled by Reuters had expected a 0.3 percent increase.

But it was the weakness in the index outside of volatile energy and food components that will likely garner more attention at the Fed, which has recently flagged the risks posed to the economy by low inflation.

These so-called “core” prices, which are seen as indicators of trends in inflation, rose 0.1 percent during the month, below the 0.2 percent gain expected by analysts in a Reuters poll.

The report helped push yields lower on long-term U.S. government debt, suggesting investors saw it as a sign the Fed might keep a major economic stimulus program in place for longer.

….read more HERE

 

 

It is the worlds smallest country with the most billionaires per capita, where a 4 bedroom property with cost you about $26 million. 

….look at this short 1:40 video of a country that has no income tax either.

China’s real estate bubble

Posted by Danielle Park - Juggling Dynamite

on Tuesday, 13 August 2013 14:14

China’s economy has become the second largest in the world, but its rapid growth may have created the largest housing bubble in history.

imagesDuring the global consumer credit bubble from 2002-2007, China received an unprecedented surge of cash flow from our “dumb” consumer levered-spending across the developed world. What did they do with all that suddenly found wealth? What most humans do in such circumstances: they made a bunch of bad and unproductive spending choices. In 2008 when the cash flow bubble from exports finally burst, the Chinese government responded with more bad decisions, levering up to try and reignite hyper-growth in the economy. Now 5 years later, western cash flow has not come back, and the Chinese economy is slumping neck deep in a domestic debt bubble of its own making. While it was the country that rolled out the relatively largest stimulus package during the 2008 Great recession, China is not now able to rescue the global economy in the next leg of the post-credit bubble recession.