Money Master - Jimmy Rogers

!: Money Master - Jimmy Rogers

I have come into contact with this legendary investor several times in my life including a lunch or dinner here and there. First, we are dealing with a very smart man. Raised in Alabama from poor parents, he went to Yale on a scholarship and never looked back. At a very early age in his 20's, he became partners with George Soros himself. Soros ran the now famous Quantum Fund, a hedge fund years ahead of its time, and Jimmy Rogers was his equal partner.

There was a time for a period approximating 10 years or so, when Jimmy Rogers was among the best informed people in the world. As he related the story to me once, he use to read 15, 16, 17 hours per day, just sucking up information, and then relating it to investing. In the 1970's, when he ran the Quantum Fund with George Soros, they turned in a performance history that is the stuff of legends. The return was 40 times on your money in 10 years. During the same time period, the stock market was up a small fraction of that number. He retired from his day job with George Soros at the ripe old age of 37.

He has written two thoroughly entertaining and informative books for investors. You should read both of them. "Investment Biker" is one where he details his trip around the world on a motorcycle while investigating investment opportunities. The other is "Adventure Capitalist", written years later, different trip, different bike (a modified yellow Mercedes this time, same objective-investment opportunities, same objective. He would get acquainted with the world on a first hand basis, and look for investment opportunities.

Jimmy Rogers is a investor that likes primary sources for information. He's not the type that would read a Forbes magazine article on General Motors. He's the type of investor that would read government abstracts of information about car manufacturing, and figure it out for himself. In our meetings, he said a couple of things to me, which have stayed with this investor for several decades now.

He asked me if I had ever been bankrupt. I told him no. He said, "Too bad, there's something about being at the bottom, once or twice in your life, that teaches you things you can never gain any other way." As usual, Jimmy Rogers was right. You have to learn at the bottom, to know what to do at the top. It will also keep your head clear, when you are at the top, and everything from that view looks rosy and beautiful. It always looks that way before the fall from grace.

Jimmy Rogers also stated that he never uses excel spread sheets to do calculations on companies. He won't let anyone who does analysis for him use excel either. He feels there's something to be learned by doing it with pencil, eraser, and the old fashion way. It may take hours instead of minutes, but the data will have more meaning. The way the data moves when you change numbers will have more impact.

He also said that when he was investing in the old days, he would read the annual report of each company cover to cover. He said if you read the annual report you did more work than 90 out of a hundred people who are competing against you. He then said he would read the financials line by line, until he was through. You now did more work than 99 out of a hundred people. Finally, he would read each and every footnote about the company. There's not one investor in 10,000 that did this type of work. It takes discipline, focus, desire, and a real appetite to make the big bucks that are only available to the truly extraordinary investor.

Recently while on that second trip around the world, Jimmy Rogers and his wife Paige Parker traveled 152,000 miles, visited 116 countries, and took 3 years. Jimmy likes to get down and dirty when he's doing research. He has no interest in talking to the finance ministers. He wanted to know what the guy in the street was thinking. He wanted to know if the economic situation was conducive to doing business. Was it smooth or difficult?

Warren Buffett is fond of saying about himself that he is the best allocator (aka money manger) of capital in the world. He also said this only works if you are in an economic environment where such a skill is appreciated. Had he been born in East Africa, he would have been playing drums somewhere. Bill Gates prior to the age of the personal computer would be a librarian in some isolated part of Vermont trying to live up to his father's reputation.

All of this relates to Jimmy Rogers, who feels compelled to understand the world in a first hand way before he will invest in it. Take Zaire in Africa, the most fertile soil on the planet earth. You could practically throw seeds at the ground in Zaire, and they will grow. It's unbelievable that with this potential, Zaire is a net importer of food. Why you ask, the road system is in disarray, and there is very little infrastructure. The old African colonies where the white colonialists profited from the blood of Africa, has been replaced by black ruled dictatorships, with the same, precise lack of interest in their people that was reminiscent of the white colonialists.

When Jimmy Rogers travels through a country, he is able to deduce if the climate is ripe for investment. If so, he makes his bets on physical commodities. He wants to own oil, mineral companies, copper, tobacco, brewing, or something, anything that's tangible, that's real. This is because such a country must export whatever they have, to begin the wealth creation process. He believes the next major bull market will be in commodities which we are already experiencing.

Jimmy Rogers is an investor who buys when there's blood in the streets, when nobody else will touch an investment, and he has been uncannily accurate in his purchases. As a top down investor, his bets are on countries, not individual companies as a rule. His observations are always brilliant, incisive, and to the point. He is arrogant, and intolerant of small talk.

This is what he says about India as an example. He thinks China blows them away. The Indians don't know how to do business. If an Indian visits the Taj Mahal which is magnificent, he is charged 20 cents to get in. An American is charged almost . The Chinese have more than 12 times the income from tourism than do the Indians. Why, because the Chinese know how to do business, and the Indians know how to screw it up. It's this type of thinking on Rogers' part that makes him the MASTER investor that he is.

We are similar to Jimmy's thinking here at StocksAtBottom.com in that we have a bottoms-up approach to investments. We want to look at a company first, without regard for the economy and the industry. Unless the company is going to make it on its own, we have no interest. Once the company passes muster, than we look to see if the industry or economy can provide a tailwind at the company's back. If so, we are on our way, because we will have a big hit on our hands.

We did this with Walt Disney a number of years ago, and Tyco more recently. Nobody wanted to own either company. With Disney, the amusement parks were empty. With Tyco there was a massive corporate embezzlement causing institutional investors to scatter to the wind. Our performance history will show we made a killing with both stocks. For more information click here StocksAtBottom.com

Money Master - Jimmy Rogers

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Who Else Really Needs to Buck The System and Live a Longer Happier and Wealthier Life

!: Who Else Really Needs to Buck The System and Live a Longer Happier and Wealthier Life

Are you one of these people that believe fervently that there is a better way to create wealth and happiness than working longer hours for an ungrateful and uncaring boss...and although you punish your body in the gym, you realise it will take more than just physical fitness to break free.

Well, it certainly helps, and those that treat their bodies like a temple certainly do enjoy a much more illness-free existence, and relative freedom from stress.

However there is one other area that many people ignore - at their peril - and that is the stress of keeping up with 'The System' - that is working harder, getting the toys you want, then having to work harder to pay for them - in a vicious spiral.

The System?

Yes - The System...

Most people are dragged into 'The System' from a very early age, and only a very few people ever manage to escape it - less than 1% in fact...and you can always tell those who have bucked this system, and done their own thing.

The System we are talking about here is a spin-off from the Industrial Revolution where the workers were paid just enough to meet their basic needs but not enough so that any of them could actually leave and do their own thing.

This has been translated into modern day society in that we are all taught from an early age that we should go to school, get a good education, get a good job, and work all your life until it comes to retirement. At least in the early days of the Industrial Revolution, many employers provided special houses for the long serving employees, so there was a good reason to be faithful and dutiful towards their bosses.

Perhaps until 50 or 60 years ago, a similar situation was in place with all sorts of State run pension schemes and the like - but not any more. If you are still holding to that old myth, that all you have to do is what generations have done before you - work long and hard all your life- and at retirement, the State will look after your needs, well think again, as the Baby Boomer era (those born just after the Second World War) start to sap the remaining life out of pension funds.

But look what is happening on the retirement front - are governments trying to make the situation better or worse? Well, they are running scared, as they are also fully aware the effect the massive expansion in retirement needs of the Baby Boomers are going to have on the economy, and are possibly looking at billions more needed in pension payouts. With more and more people looking for a wealthier life style, this is going to cause a lot of political issues.

In many countries in the world, there is much talk about governments increasing the age to qualify for your pension, and many are opting for the time you reach 70, rather than the old established retirement age of 65.

Now, you may think that's fine - if you fancy working 'til you are old and shriveled, with no hope of an active retirement, then that's your choice. Me - I fancy having an eye still for the opposite sex in my 'retirement' years.

But - here's another not so well-known fact - recently, a major insurance company just did some research on the effect of retirement age with regard to your active life span.

Did you know that:-

If you retire at 65, the average life expectancy is 71.

If you retire at 60, the average life expectancy is 76.

If you retire at 55, the average life expectancy is 81.

How clever - if your government increases the retirement age to 70, then by following 'The System' you will all probably be dead before you start to draw any money from the State, leaving all that tax money in the government's very grateful coffers...

Well, it would seem then, the sooner you retire, the longer the lifespan you be able to grab for yourself, and not only that, this extra time will be filled with abundance and plenty, a much healthier lifestyle, and one also filled with financial freedom that you only used to dream about......

Now, how on earth does a normal person buck The System, creates their own wealthier life and become financially free of this system, that controls and rules most people's lives?

Simple. They have 'The Knowledge'. They are taught by enlightened friends, mentors, or life coaches, that the way to succeed in this life is not to work for money, but make money work for you! Let's face it; you only have 24 hours in a day, seven days a week. Once those have been 'sold' to your employer, there is nothing else available to you. You need to know how to make money work for you...

Look at anybody with expensive 'Toys' - fast boats, the best cars, beautiful properties, and seemingly endless time on their hands...

If you want to be like them, and enjoy your own wealthier life, then you have to have 'The Knowledge'. You have to know what they knew, to escape the system. To get your financial independence, you need access to on line education, you need to understand how to manipulate stocks and shares, and how to get the best returns out of property investment, all topics that The System does not tell you anything about. Why should it?

The System needs people like you to keep an orderly society going - after all, if we all knew 'The Secret' (care of Bob Proctor) then who would be around to wash our cars, clean our pools, do all the tasks in exchange for time that we don't want to do...

Now, one of the best ways of getting this knowledge, used to be by attend training courses, seminars, or spend a fortune on self-improvement courses. But this takes an inordinate amount of time and money, and is very demanding on time and travel arrangements.

According to Peter Drucker in Forbes Magazine last year ( just before his death after a very distinguished career in information management that stretched back to the 1920's) there is a much better way of getting this knowledge, that of on line learning. This on-line learning concept is earmarked to become the next massive trend on the internet, as more and more people demand this wealthier life style.

Where else are you going to get access to masses of training and learning courses from experts in property, stocks and shares, and other self-improvement courses, that you can call upon in the comfort of your own home, at time to suit you to help create your wealthier life style?

There are an increasing number of these on line learning sites appearing on the internet today, and they really represent the way forward as a means of getting 'The Knowledge' to produce your own wealthier life style and escaping from 'The System.'

Rather than spending a fortune on multitudes of courses and sometimes travelling half way round the world to attend; for a small monthly fee, you can have them all, in the comfort of your own home at a time to suit your needs. Many of them not only teach you 'The Knowledge' but the better ones also have the ability to build your own business by getting you to 'spread the word' to friends and colleagues, generating a very substantial extra income stream. Rather than committing to hours and hours of concentrated learning, just 15 minutes a day on a regular basis will usually do the trick for you and really create this magical wealthier life style.

Not only see how 'They' made it to where they are in stocks and shares, investment property, and the like, and when you have created your wealthier life, learn from them how to protect your assets. Learn from people who have escaped The System, and have managed to carve a lifestyle outside of The System that we could all become extremely jealous of.

If you are interested in this style of 'Earn and Learn' process, when you choose which company to work with, make sure they have a powerful way of helping you build up your own network of users, and also make sure the commission structure and pay plan is as simple and as uncomplicated but as rewarding as possible.

But above all, you owe it to yourself if you want this wealthier life to make the decision NOW to make sure you do not spend the rest of your life trapped in The System. After all, why not retire early, live a longer wealthier life, and make sure you have created sufficient income streams to support a life of abundance.

The alternative really is unthinkable...

Who Else Really Needs to Buck The System and Live a Longer Happier and Wealthier Life

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