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Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market | |||
Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market |
Before Jim Rogers hit the road to write his best–selling books Investment Biker and Adventure Capitalist, he was one of the world’s most successful investors. He co–founded the Quantum Fund and made so much money that he never needed to work again. Yet despite his success, Rogers has never written a book of practical investment advice – until now.
In Hot Commodities, Rogers offers the low–down on the most lucrative markets for today and tomorrow. In late 1998, gliding under the radar, a bull market in commodities began. Rogers thinks it’s going to continue for at least fifteen years – and he’s put his money where his mouth is: In 1998, he started his own commodities index fund. It’s up 165% since then, with more than $200 million invested, and it’s the single–best performing index fund in the world in any asset class. Less risky than stocks and less sluggish than bonds, commodities are where the money is – and will be in the years ahead.
Rogers’s strategies are simple and straightforward. You can start small – a few thousand dollars will suffice. It’s all about putting your money into stuff you understand, the basic materials of everyday life, like copper, sugar, cotton, corn, or crude oil. Once you recognize the cyclical and historical trading patterns outlined here, you’ll be on your way.
In language that is both colourful and accessible, Rogers explains why the world of commodity investing can be one of the simplest of all – and how commodities are the bases by which investors can value companies, markets, and whole economies. To be a truly great investor is to know something about commodities.
For small investors and high rollers alike, Hot Commodities is as good as gold . . . or lead, or aluminium, which are some of the commodities Rogers says could be as rewarding for investors.
作者简介 JIM ROGERS co–founded the Quantum Fund and retired at age thirty–seven. Since then, he has served as a sometime professor of finance at Columbia University’s business school, and as a media commentator worldwide. Rogers is the author of Adventure Capitalist and Investment Biker. He lives in New York City.
编辑推荐 Amazon.com Review
According to Jim Rogers, "commodities get no respect." Here are a few reasons why he thinks they should: they are easier to comprehend and study than stocks and behave more rationally since they are subject to the basic laws of supply and demand; they have outperformed many other investment options in recent years; it is foolish to ignore an entire sector of the marketplace; and a bull market is currently under way in commodities--a trend that Rogers expects to last for a least a decade longer. Further, Rogers believes that you cannot be a successful investor in stocks, bonds, or currencies without an understanding of commodities. Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market is designed to introduce the novice to the basics of investing in commodities as well as explain what they are and why they are important. In doing so, he shatters some myths about the relative risks of commodities, explains the relationship between the stock and commodities markets, and provides a succinct analysis and history of the global oil, gold, lead, sugar, and coffee markets.
Rogers also offers practical advice and information for beginners, including the best resources, how to read the commodities reports in the newspaper or on television, the various ways to open an account, information on index funds (such as Rogers' own index fund that he started in 1998), mechanisms, terminology, and other vital details people must know before investing. Clearly written and entertaining, Hot Commodities offers a solid introduction to investments that many people, including financial advisors, fail to give the proper respect. --Shawn Carkonen --This text refers to the Hardcover edition.
From Booklist
Commodity investing has gotten a bad rap. Everyone seems to have heard of someone who "lost his shirt" trading commodity futures. What are commodities? Commodities are "things," the essential raw materials that go into making everything from bread to automobiles. This includes foodstuffs such as sugar, wheat, soybeans, and coffee; the fossil fuels crude oil and natural gas; and industrial materials such as lumber, copper, lead, gold, and silver. As a group, they typically do well when stocks are doing poorly, and vice versa. But unlike stocks, the price of commodities can never go to zero. Rogers, known for his world travels, his ability to size up any market, and his contrary approach to investing, says we are in the beginning of a multiyear bull market in commodities. Although he is promoting his new commodities fund, he makes a very good case that commodities belong in any balanced portfolio, particularly now. Rogers walks us through the sometimes obscure language of commodity trading, and shows us how to get involved without "losing our shirts." David Siegfried
Copyright © American Library Association. All rights reserved --This text refers to the Hardcover edition.