Sunday, January 30, 2011

Jim Rogers: My Secret To Getting Rich

"Take your money, put it in Treasury bills or a money-market fund. Just sit back, go to the beach, go to the movies, play checkers, do whatever you want to.

Then something will come along where you know it's right. Take all your money out of the money-market fund, put it in whatever it happens to be and stay with it for three or four or five or 10 years, whatever it is.

You'll know when to sell again, because you'll know more about it than anybody else. Take your money out, put it back in the money-market fund, and wait for the next thing to come along. When it does, you'll make a whole lot of money."

Jim Rogers


  1. Why are you so hung up on Rogers? His history as a trader is one of the worst out there.

    I liked the "style" of content you put on your previous website better. Since you started this one, you've taken a different direction and the same-ness of it is not as desirable.

    Hope you get back on track like the "old" Beanie.

  2. I think when it comes to general market direction, it's best to listen to what the great investors/traders are saying. After all, their research organizations have spent millions of dollars to decipher the future. They already have their highly paid chartists and fundamentalists all under one roof. What we can do with our chart and fundamental analysis as individual traders/investors can only be second best.

  3. On that point you are mistaken. We can easily do better than them since we can be so nimble. Since we can get in and out of trades faster and easier (without moving the markets), that gives us a big advantage.

    The more money you are moving, the harder it is to make high returns. Even Buffett said that. So even you have to believe it.

    But yes, we can let them do the fundamental research for us. All we need to do is look at the technicals and ride on their coattails. No need for us to pay attention to the fundamentals or them.

    The chart tells all.