Jim Rogers outlines his 2023 survival strategy for investors in his recent interview.
“The way to survive is not to listen to me, or other people, just stay with what you know,” he said.
“If you want to be successful, please stay with what you know. If you don’t know anything, do nothing and leave the money in the bank,” he said.
Jim Rogers is known as the Indiana Jones of the investing world. He would travel around the world in search of cheap investments.
“If you want to be successful, please stay with what you know. If you don’t know anything, do nothing and leave the money in the bank”
Jim Rogers outlines his 2023 survival strategy with Asia being in focus
He said if you were smart, in the eighteen hundreds, you would move to London. In the early nineteen hundreds, you would move to New York, and if you were smart, in the two thousands, you would move to Asia.
“Whether we like it or not, the 21st century is going to be the century of Asia,” he said.
Jim Rogers outlines his 2023 survival strategy by omitting Europe
You would think that after two devastating wars on the European continent last century, the same mistakes would not be repeated in the next century. But Europe is a melting pot of mediaeval tribes with axes to grind, and its people can’t stop killing each other.
So Europe is a minefield of high risk for investors in 2023 with the ongoing Ukraine war. Frankly, until a conclusion to the Ukraine war is known, it is difficult to remain optimistic about European assets.
“Whether we like it or not, the 21st century is going to be the century of Asia”
Jim Rogers sees opportunities for investors in Asia, particularly China
The changes in Asia are astonishing, he said. “A lot of money is flocking to Asia, China has the largest foreign currency reserves in the world, Japan is number two, and Korea has huge numbers,” he said.
China is forecasted to have the world’s largest economy around 2035. India is expected to have the world’s second-largest economy by 2075, according to a Goldman Sachs report.
“When countries get over-extended they usually go into a decline” – Jim Rogers
Jim Rogers thinks China and India’s economy is likely to surpass the US economy in less time.
Moreover, China’s Xi is working to set up energy trade with the Saudis in Yuan, which would chip away at the US dollar’s grip on international trade.
“The US is the largest debtor state in the world, forty years ago, it was a creditor nation. So changes are taking place, ” said Jim Rogers.
“When countries get over-extended they usually go into a decline,” he said.
Waning Empires have itchy fingers.
He thinks America is in a cyclical decline, and he is worried about a global conflict. America has been around since 1776, every year except 15 of those years, and America has been at war somewhere.
Jim Rogers outlines his 2023 survival strategy; invest in MIC stocks they will do well.
Jim Rogers’s best currency to short is GBP as he believes the UK has a lot of problems .
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