Jim Rogers’s 5 Latest Predictions and Investments

3. Purchase Assets you Know and at a Discount

Prediction: January 2023 

Rogers is a renowned investor, having outperformed the markets by 4,200% in the 1970s even as the market faced stagflation, a similar situation in play at the moment. The co-founder of Quantum Fund believes investors should always focus on investing in assets they know and only purchase them at a discount.

“If you want to be successful, stay with what you know,” he advised. “If you don’t know anything, do nothing. Put your money in the bank and wait.”

Rogers, who started his career as a wall street analyst before moving into commodity trading, maintains that investors should avoid reacting emotionally whenever they lose money. “My best advice to people at that stage is to do nothing, close the window, and just wait, recover. Wait until you find something that you know is going to be good. Do not get emotional.”

The remarks made at the start of 2023 came at a time when the overall market was trying to bounce back after the deep sell-off in 2022. The sell-off came amid deteriorating conditions characterized by high inflation levels.

Silver was down by 70% from its all-time high, and Sugar was down by 70%. Likewise, Gold was also under pressure, trading below the $1900 an ounce level. Traders who used the opportunity to buy the commodities at the discounted levels have generated significant returns as Gold has rallied by more than 15%, with Silver up by 30% over the past 12 months.