Most successful investor do nothing most of the time. you will see a major change coming long before anybody on Wall Street will.ĥ. The way you become a successful investor is by investing only in what you yourself have a wealth of knowledge about. it teaches you how much you do not know.Ĥ. Do it early and it is not the end of the world. But if you are going to do it, do it early in your career. It is good to lose money, to go broke at least once, and preferably twice. But the bull market still has several years to go.ģ. Like all bull markets, it will end in a bubble. We are in a long secular bull market in commodities worldwide. And if you are smart at the start of the 21st century, you will find your way to Asia.Ģ. If you were smart at the start of the 20th century, you moved to New York. If you were smart at the start of the 19th century, you made your way to London. Below are some tips and thoughts from his new book, Street Smarts:ġ. Rogers offers surprising and provocative observations on how the world works, and what trends he sees in the future. Rogers’ book is a summation of his rewarding life as both a traveler and an investor. If the latter option sounds more adventurous, more lively and worth your time, then you just might get along with legendary investor Jim Rogers, author of the new book Street Smarts: Adventures on the Road and in the Markets. Maybe you’d be inspired to chronicle the journey, turn it into a benchmark for global investing, and then do it all over again when the world changes a decade later, this time in a custom built car. You might be inspired to literally ride a motorcycle around the world, observing and learning about the planet earth while doing so. Perhaps you could create a lifelong journey, over the course of which making the whole world your backyard. Resting with riches might be as lifeless as a phone booth. Would you take care of friends and family, and chase your dream of being famous? Would there be art collecting and land opportunities for you? Right now, in your head, are you considering the possibilities of kicking your heels up, relaxing in your new mansion while looking ahead to a future of recreation and fun? If you were an investor and become a millionaire or even a billionaire by the age of 37, what would you do?
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