http://www.thespreadtrader.com A clip from live financial trading day, Jim Rogers and Vince Stanzione talk about the boom the coming boom in agricultural commodites. To learn more about how to profit from markets moving UP, DOWN or Sideways then go to www.thespreadtrader.com
Jim Rogers : You must learn , you must learn how you can do it , how van be an investor , probably the most important thing is to learn what you are good at , " I am horrible ...I am probably the world's worst trader , the world worst market timer , so far what I have done , I have found things that are cheap and with change taking place I stayed with them for long time , that works for me , Vince (Stanzione) has its own way , Vince does much shorter terms , ...if you want to be a great short term trader like Vince , do not do it unless you know how ...first thing you should learn as an investor is what you are good at and what works for you ...whatever works for you do it your way that's practically Jim Rogers advice for future investors and traders
Vince Stanzione says that one of his favorite is palm oil , it is used in processed food , and as the world gets more and more into processed food , there is more and more need for palm oil ...
Jim Rogers : in my experience just because a commodity goes up , it does not mean that the company that produces that commodity will go up for example in the seventies the oil went up ten times but a lot of of oil companies did go up at all , with companies you have to worry about the management the government the environmentalists the unions the balance sheets the pension plan , you have to worry about a hundred things , you have to get the right companies as well , the studies have shown , the academics have shown that in the past 45 years you will make three times as much , three hundred percent more investing in commodities themselves rather than commodity stocks ...Jim Rogers gives the example of Enron which was a natural gas company , Enron went to zero , but natural gas went up three times ...Vince Stanzione went on explaining that Gold is not one of his favorite commodities and that a company called ABC Gold does not necessarily have physical gold it probably just have a contract to look for gold in somewhere in Africa , so even if you see gold prices going up it does not mean that the shares of ABC Gold Company will go up ...jim Rogers ended up by telling the definition of a Gold Mine according to Marc Twain is a hole in the ground with a liar standing at the top ...LOL
Jim Rogers is great!
sh200kr 4 years ago 4
Less risk in commodities than companies, but to invest directly in a commodity, don't you have to buy a contract for a certain period, which means you have to be right on the timing?
sassylassy526 4 years ago 2