Jim Rogers is back on the China train as the Shanghai index has fallen a significant amount. In previous interviews, Jim Rogers has been quoted saying “Selling China in 2008 would be like selling America in 1908, you might have looked good in the short tern, even fore a year or two but who cares, you would of looked like an idiot for the next 60 or 80 years.”
China is slowing but “some parts of the Chinese economy will be totally unaffected by what happens in the West,” Rogers said in an interview in Hong Kong. “I started buying in October again. I never sold any Chinese shares.”
Source: http://www.bloomberg.com/apps/news?pid=20601087&sid=ai3In.fKJtSM&refer=home
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January 2nd, 2009 at 8:44 pm
Do we have any idea of what companies he’s buying? Water companies I think food companies. Anybody have any list of what he likes in China, what the symbols are and can you provide citations/references verifying your sources? Also I only buy Chinese ADRs right now because I’m not savy. Are folks buying using Etrade to get to foreign stock exchanges and currencies exchanges. Is that the only/best way to go? Is Etrade reliable and safe? Or is there a better way. Fidelity doesn’t do foreign exchanges unfortunately and that’s who I bank with. Anyhow any responses would be great. Thanks!
January 2nd, 2009 at 8:56 pm
Most of your answers could be found in Jim’s China Book. Also, you could have multiple brokerage accounts other than Fidelity
January 2nd, 2009 at 9:13 pm
I’ve read his China book but I was hoping there was some way to watch what he was currently buying. I have no good way to research non-U.S. stocks on my own as of yet. I get most of my info from NAIC (Betterinvesting.com) and from S&P data, which isn’t helpful. Where can I get earnings per share, debt info, pe, and all that on Chinese shares. Any good sources? I like the idea of picking companies from Jim R.’s book and then doing my own research. But …. any good sources for this info?
Thanks,
James B.
January 3rd, 2009 at 8:26 pm
Unless your a Chinese citizen living in China, its pretty tough. Don’t get TOO caught up in following Jim into China, there are other places like oil where U.S investors have the whole pie to eat. For oil, take a look at USO, DXO, DTO, etc..
January 4th, 2009 at 2:08 am
Thanks, that’s what I’m finding I can’t properly research the Chinese stocks with the readily available info. So yeah I haven’t been able to follow him there much except through the ADRs (listed on that American exchanges.) But yeah I’m into oil and will buy more soon (RJN, DWSN, Fidelity Select Energy, etc.). I lost a lot on the way down, but as Rogers says it can only go up…. and my research agrees with that.
January 5th, 2009 at 8:31 pm
I’m considerung buying palladium because it really reached a dramatic low now. You guys have any idea on how to do that?
When examining ETFS Metal securities, I stumbled over something in http://www.rns-pdf.londonstockexchange.com/rns/3761C_1-2008-8-29.pdf that effectively looks to me as a 350m US$ loan/credit swap between the issuer and its parent company. What the hell does that mean?? Do their metal securities include credit default risks???