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Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market Paperback – March 27, 2007
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Rogers also offers practical advice and information for beginners, including the best resources, how to read the commodities reports in the newspaper or on television, the various ways to open an account, information on index funds (such as Rogers' own index fund that he started in 1998), mechanisms, terminology, and other vital details people must know before investing. Clearly written and entertaining, Hot Commodities offers a solid introduction to investments that many people, including financial advisors, fail to give the proper respect. --Shawn Carkonen --This text refers to an out of print or unavailable edition of this title.
Copyright © American Library Association. All rights reserved --This text refers to an out of print or unavailable edition of this title.
Top Customer Reviews
So the message to buy commodities is not new in this book, but in this book he gives you some basic information on commodites, nothing new here. In the middle of the book, however, he breaks the commodities down, and makes an individual case for each of them, based on fundamentals and history. This, in my opinion, is the strength of the book and what makes it worth the price.
What I enjoy most about Rogers is the fact that's he's produced consistent results throughout his career. He made a fortune with George Soros in the 70's at the Quantum Fund (up 4,000% in the decade). He made huge calls about the crash of '87, the crash in the Nikkei, forecasts of emerging bull markets in Austria, Botswana, and numerous other countries. His move into commodities in 1998 was another great coup.
No investor is going to be perfect. No one will get it right 100% of the time (he's been overly bearish on the US since at least the early 90's). But I believe Rogers core philosophies will get you much further than anything else you hear in the mainstream media and by the talking heads on TV. They haven't made fortunes in the market for the past 30 years.
"Hot Commodities" is a good introductory guide to the world of commodity investing and more importantly, contrarian investing. Fortunes are made by thinking independently from the crowd, looking for opportunities that no one else sees and making sound, logical investment decisions. Rogers takes you down that thought process beautifully.
I knocked a star off because he could have discussed options and other ways of buying commodities in more depth. Some may see the book as a giant ad for his own commodities fund. More balance would have been nice.
All in all, some great insights from an investing legend.
If you are looking for hot tips as to what commodity to invest in do not waste your money buying this book. He does not offer any "hot" tips. I personally believe if any one person had "hot" tips to make tons of money, why would they tell other people? It does not make sense. Anyhow this book does not have any formulas, and actually the author points out that most technical analysis traders loose money, it is the people who write the book on technical analysis that make money.
The book however is well written, and makes basic arguements based on facts, namely suppy and demand. Jim Rogers as you can tell from his book is a fundamentalist. His arguements are clear and concise, and make perfect sense. You will not be disappointed in this book, and even if you are technical trader, you could still use many concepts in this book to help with your trading, or if you just want some information on the fundamental side.
This is one of the best books I have bought in a long time. It will sit with my arsenal of other books, so that I can use this to help make better judgements into what commodities to invest into.
He also makes some nice parallels with the stock market and commodities market.
You will not be disappointed, and the price is not bad at all.