Market Review and Trends
A Reader’s Review on Jim Rogers’ seminar – 2015 Market Outlook and Strategies
By Derek  •  June 10, 2015
I held a contest in March to win a ticket to attend Jim Roger's seminar. Here is the winning entry:
Hi Derek It is great to come across your blog and it is fantastic to know that you are willing to let go the seminar complimentary ticket for free! I have been following Jim Rogers for years and I have read up all his books. He is one of the legendary investors which I admire most (the other is Marc Faber) as i am very impressed with his long term fundamental view and perspective in precious metals and agriculture. He may not be too great in timing the market (he admitted that in the public nevertheless) but in term of long term analysis, it worths listening to him. I have met him once during end March 2014 in singapore international coin fair. I managed to take a picture with him even we did not interact much as he was busy running around. :) I wish to learn and listen to his macro view of the market. I believe it will provide great insights to me as a stock market, options and bullions investor/part time trader. If I am the winner, I will be more than happy to meet up with you post seminar to summarize you what has been shared by this legendary investor if you are keen. I am also glad to pass you the notes that I jot down during the seminar. Lastly, regardless of your final selection, I thank you for your generousity. Thanks!!
And here is his review of the event:
Hey Derek, thanks again for your generosity in giving out the ticket! As promise, here is my write up of the event. As it is a paid seminar, I will try not to be too detail but I will share Jim’s insight against the global financial market and highlight few areas that he spent more time explaining. The seminar was in the form of dialog where the host posted all the questions above to Jim and he answered all in detail. It was then followed by Q&A session with audience. Jim began the session by inviting his younger daughter baby bee to recite Chinese poem on stage. The main idea was to show the important of mandarin in 21st century. His daughter speaks very good mandarin. Jim believed in buying low and selling high rather than buying high and selling higher. He shared a few markets that he has invested or currently looking into, such as China, Russia and North Korea. While China is booming, he urged the audience to be watchful as Shanghai Composite Index is moving up too fast in a short period of time. He reckoned that it is not yet a bubble but be vigilance to monitor the market. His view on balancing portfolio was different from the conventional wisdom, he proposed to put all eggs in one basket if want to get rich. Do not diversify with limited resources because that will not make you rich. However, you must know it very well and you must monitor it closely. If you are right, you will be very rich. This idea sounds very aggressive at face value but if we deep dive to understand the way he invests, we would not say he is too aggressive. He always pick multi-year low investment opportunity which provides a great level of margin of safety. This strategy combines with his understanding of the markets and his analytical skill does provide him great returns over the years. He did admit that he was bad in timing the market and hence the investment horizon for him is very long term. As for his outlook on gold price, he predicted that the gold price will continue to correct this year and will go off the roof in the next few years. As for the oil price, his view was that the oil price will make a bottom this year and should not go under $30 per barrel.
I will like to thank the reader and given the opportunity, I will hold similar contest in future.
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By Derek
Derek is an investor who follows Peter Lynch style of investing. He prefers to use simple and straight forward information for stock analysis. He started TheFinance.sg with the intention to bring together all bloggers and professionals who are interested or already in the area of Finance and Investing, and to create a community where everyone is free to write and to share their articles, experience and opinions.
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