Fox Business
Expand
Browse All Video
Watch Live

You're watching...

Jim Rogers: Invest in Agriculture

Details

  • Description

    Rogers Holdings CEO Jim Rogers gives tips for investing.

  • Duration 3:58
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

We're back now -- noted investor Jim Rogers chairman and CEO of Rogers holdings and author of a gift to my children.

Speaking of your book.

What can.

Regular people do because they'll listen you know you you're short this -- -- that you -- Singapore lot of people watching this show don't have the ability to do those things would they wanna protect their kids today.

Well.

You should invest and only what you know -- you should listen to me on TV I'm leaving you on TV or your money you should only invest in things you know about.

Otherwise keep your money in cash and wait till you -- and the reason so many people lose money.

This is -- -- jumping around investing in things they don't have a clue what they're doing.

So what normal people should do is just wait.

Way -- this whole thing out weight do you -- -- -- in the corner then you go over and picking up yes you wait until they're good opportunities and they can manage it.

There's so many opportunities out there -- timing is one thing that and being able to sense what's happening what is an opportunity take for example the banks everybody says and tax about the financials until the financials don't turn around.

We can't -- recovery in the markets nothing has really changed about that about the banks since 2000 -- eight.

It should mind their plan I'm short I'm short of bank is set the thing if opportunities.

And I issue and a much content have too many friends and -- -- -- as they that it that it -- -- But don't listen that's some great opportunities of cotton is -- and cotton is going through the roof corn is making all time highs as we speak if you -- corn farmer.

You'd be saying my goodness things are great.

-- -- of opportunities out there right now invest with farmers invest in agriculture I think.

Agriculture is gonna be one of the great industries about tough if you -- to pick one commodities invested for the next ten years what would you -- agriculture.

Specifically within known and well I don't know I'm horrible market timing issue as Charles he's a good market I'm his -- you know little something about how much not much I would say -- rice.

But don't don't don't do it competitive.

Price and -- and -- -- better than -- -- -- I'm a terrible market -- but probably rice would be.

If unlike a lot of money in -- may be sugar -- you might make a huge amount of money insured.

Even been a center for at least a decade I mean -- I learned a lot -- -- genocide that so many shows -- -- news channel together it.

It was.

What do you think then -- That we just have to go through this meltdown that's unavoidable you're sort of big time bank.

And how we come out of -- how this nation be able to come out of something like that.

When we accept reality when we stop spending money we don't have.

When we go down to a lower level and we start -- which -- have histories work.

Without in the early ninety's Scandinavia gotten a terrible problem Lotta people went bankrupt -- -- horrible three years of pain horrible pain than they've had fifteen years of great.

Do we accept the fact that we won't be the preeminent nation in this in this world for much longer with the largest -- -- in the history of the world Charles.

The largest debtor nation in history of the world somebody's gotta wake up to the fact that we are no longer what we used to be.

The largest creditors and now -- China Korea Japan Taiwan Hong Kong Singapore.

They're all in Asia.

You know who the largest debtors are -- where they are now I don't like this -- an American citizen I'd vote here -- -- pay taxes here.

We got to face facts and then maybe we would deal with a prop.

Very quickly we got a rap and and we wish he had more time to give us some reason to be positive and optimistic on the US economy where -- -- fantastic opportunities in agriculture in America.

American farmers are gonna have a fantastic twenty years.

Miners in a manner that lumberjacks in America oil and and many people in America gonna have a splendid.

Twenty years.

Boston in New York maybe not maybe -- -- -- of this and it had big right does the financial network.

-- become a -- -- -- to drive a tractor.

-- oklahomans yeah my my hello have a Xeon Jim Rogers always a pleasure tonight seeing is so great having been sliding on.

Load More