Why Iowa Farmers Are About
To Get Rich
by Tom Dyson
June 8, 2006
He arrived in Manhattan in 1968 with $600…
He retired a millionaire twelve years later. No one knows for sure how much money he’s made, but he’s rumored to be worth several hundred million now.
Here’s the thing... Jim Rogers made all that money in stock markets no one else has thought of. Like Botswana. Uruguay. Zambia. The more unknown the better. That’s how you get in cheap before the big boom.
Here’s an example of one his best plays:
In 1984, a manager at Creditanstalt – Austria ’s largest bank - told Rogers Austria didn’t have a stock market.
When a market is so neglected that even a high-ranking banker doesn’t know his own country has a stock market, you buy as much as you can.
For Rogers, the insight was good for 500% gains in three years...
Rogers makes this type of investing seem easy, obvious even. It’s not. He has to understand what’s going on in the world before anyone else does. And given how competitive this type of investing is - especially since the Internet came along and spread awareness – you can be sure Rogers has a very special edge.
Yesterday, I heard Jim speak at a hotel in London . To a small group of bankers and one newsletter writer, he explained the flaws in the U.S dollar, the coming collapse in government bond prices, and how commodities can keep rising until 2018.
How satisfying to hear Jim Rogers convince a room full of London bankers that coal will outperform stocks for the next decade and Iowa farmers are about to make a fortune!
He told us he owns every traded commodity including gold. He is long Japanese stocks and Canadian oil sands. He is short Fannie Mae and homebuilders. His baby girl has a bank account denominated in Swiss francs and she owns commodities but not bonds or stocks.
Jim mentioned his six favorite places with the most profit potential in the coming years. He said, “If there were six clones of Jim Rogers, I’d send one to live in each of...
...Angola… Angola is about to become Africa ’s largest oil producer... Tanzania... East Timor... Myanmar is about to open up... I’d think about South America. It’s so rich in commodities. To invest in North America, I’d go for Canada... trade surplus and balanced budget for 10 years...”
Notice his first two picks came from Africa. DailyWealth recently reported on Africa ’s emergence onto the investment map in a series of articles about the DR Congo. And in March, we even held a competition with readers to select the country with the most interesting investment story. Tanzania came out on top.
We’ll be traveling to Tanzania and the DR Congo later this year to find the best ways to play this theme…
More on real asset investing from the City of London next week.
Good investing,
Tom
