Podcast appearances and mentions of Jim Rogers

Tue, 01 Apr 2025 17:03:00 +0000 https://jungeanleger.podigee.io/2133-kapitalmarkt-stimme-at-daily-voice-91-365-jim-rogers-spoilerte-wer-die-wiener-borse-im-q1-dann-echt-wachgekusst-hat 7f16d17d769f8c969081387a73922d8a kapitalmarkt-stimme.at daily voice 91/365: In der Silvesterfolge (Deuber / Matejka / Drastil) spielten wir ein Jim Rogers Sample ein, der meinte, irgendwann wird wieder jemand kommen und die Wiener Börse (wie er 1985) wachküssen, im Q1 gab es da einen kleinen Doppeleffekt dazu, man hat ja zwei Wangen, Gunter Deuber und ich lösen auf. Langversion: Folge 12 des Rendezvous unter https://audio-cd.at/search/rendezvous Unser Ziel: Kapitalmarkt is coming home. Täglich zwischen 19 und 20 Uhr. kapitalmarkt-stimme.at daily voice Playlist auf spotify: http://www.kapitalmarkt-stimme.at/spotify http://www.kapitalmarkt-stimme.at Musik: Steve Kalen: https://open.spotify.com/artist/6uemLvflstP1ZerGCdJ7YU Playlist 30x30 (min.) Finanzwissen pur: http://www.audio-cd.at/30x30 Bewertungen bei Apple (oder auch Spotify) machen mir Freude: http://www.audio-cd.at/apple http://www.audio-cd.at/spotify 2133 full no Christian Drastil Comm.

Jim Rogers gives his outlook on currencies and the economy. He is giving a warning to act now and to not wait any longer in understanding what precious are and owning them. Learn about capital gains tax-free Britannia coins: https://www.silverbullion.com.sg/uk

 That is the Question of most of us…Many people think that their kids will later care for them when they are old.And then they want children.My Grandmother would say:  “ It is easier for a father to care for 5 kids than 5 kids care for a father”Because later your children have a family and have to work hard to sustain them … And you are just a burden or somebody who will give them money and support them... And your kids hope to get a big heritage from you… If you love to be together with kids, then get own children…What is if you are an Omega? An Omega is driven from his missions, hobbies or work and his family is not important to him…. Even Omegas loves sex and for some time love their spouse, afterward, his mission is again his first priority. A. Robbins says our Spouse should be priority Number 1, our kid's Number 2 and then the profession… Most women identify intentionally the Omegas… and they want only a short adventure and that is good so…. What is if you are a female?Women have the privilege to create new lives and even don't need a man. Because they can go to a sperm bank… Women can only create kids until their menopause. The female nature is programmed to create kids. If she doesn't do so she will suffer later.What is if you are a male?Our Fantasias are creating always these fancy dreams to be married to our dream partner and have kids with her… Recently I picked up a taxi with an Indian driver in Kuala Lumpur. I asked him how many kids he has… And he told me that his wife and he doesn't have kids. Because he doesn't want always to think about money, and a family has never enough…  When a father is working hard for his family and he loves his kids…. His spouse is blackmailing him with the kids and in a difficult situation, she is playing out the kids against him… That is so normal… What happens after a separation with kids…? Don't tell me that this will never happen…Men are more flexibleMales can choose to have kids with a young female even in their old age. Jim Rogers (one of the most successful hedge-fund manager) thought that he will never have kids because that is stupid. And today, at his age he decided that it is awesome to have two daughters … My Video: Children or no Children? https://youtu.be/M8GDWsLFrxoMy Audio: https://divinesuccess.net/wp-content/uploads/2021/Podcast.B/Children-or-no-Children.mp3

Legendary investor Jim Rogers joins me to discuss why he's growing cautious, selling stocks, and increasing his gold and silver holdings. We cover the recent gold price surge, market risks, inflation, and the challenges posed by rising debt. Jim also shares his outlook on the global economy and what investors should watch for in the months ahead.#Gold #Stocks #inflation

Jason Hartman starts this episode of The Creating Wealth Show with a candid discussion about some internal workings in his business, properties in Indianapolis and Memphis. The disastrous political policies that lead Detroit into economic devastation and high crime rates. Jason Hartman interviews Keith Fitz-Gerald, the Chairman of The Fitz-Gerald Group and Chief Investment Strategist at Money Map Press. A bestselling financial author, Keith's investment perspective is a daily feature for more than 500,000 Money Morning subscribers in 35 countries. A frequent commentator for financial news outlets including Fox Business, Bloomberg, CNBC Asia, Cavuto, Varney & Company, BNN, MarketWatch, and others, Keith Fitz-Gerald is among an elite handful of world-recognized experts on global investing. Keith tours constantly on the financial lecture circuit alongside other legendary investor analysts including Jim Rogers, Steve Forbes, and Dr. Mark Faber and was lauded as a "Business Visionary" on the recent Forbes.com list. His engaging style and remarkable predictive record resonates with his audiences in North America, Europe, and Asia; investors and business leaders eager for Keith's insights into how colossal global economic, social, and political trends are disrupting the paradigms of the last 50 years to create the most extraordinary investment opportunities of our lifetimes. The investment community praised Keith's recent book Fiscal Hangover (Wiley) as "Essential reading for every serious investor" and "A brilliant, spirited explanation of the origins of the current mess and more importantly how you can cleverly turn the chaos to your advantage.". His upcoming book Tomorrow (Sutton Hart 2012) spotlights today's global trends and offers a road map for business leaders and investors to profitably navigate the turbulent waters of unprecedented global change.     Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class:  Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com

Thu, 02 Jan 2025 18:30:00 +0000 https://jungeanleger.podigee.io/1898-kapitalmarkt-stimme-at-daily-voice-2-365-jim-rogers-entdeckte-1985-die-wiener-borse-und-spricht-40-jahre-spater-wieder de152165f73f528e2fdef19492ee79c3 Episode 2/365 der kapitalmarkt-stimme.at daily voice auf audio-cd.at. US-Investor Jim Rogers küsste 1985 die Wiener Börse wach (so sagt man es heute am liebsten) und spricht 40 Jahre später wieder zu uns. Gecheckt hat mir das Podcastkollegin Julia "Geldmeisterin" Kistner, die Jim von uns allen am besten kennt. Hört Euch den 2025er-Sager des Entdeckers an. Ziel: Kapitalmarkt`s coming home. kapitalmarkt-stimme.at daily voice Playlist auf spotify: https://open.spotify.com/playlist/3VWXsoiJlXZ5fhCjg1YqUV? http://www.kapitalmarkt-stimme.at Musik: Steve Kalen: https://open.spotify.com/artist/6uemLvflstP1ZerGCdJ7YU Playlist 30x30 (min.) Finanzwissen pur: http://www.audio-cd.at/30x30 Bewertungen bei Apple (oder auch Spotify) machen mir Freude: http://www.audio-cd.at/apple http://www.audio-cd.at/spotify 1898 full no

Während viele Börsianer optimistisch in das Börsenjahr 2025 blicken rechnet Hedgefonds-Legende Jim Rogers schon demnächst mit sehr heftigen Aktienkorrekturen. Er selbst sei so gut wie nicht mehr in Aktien investiert und überlege jetzt Aktien zu shorten, also auf fallende Kurse zu setzen. Jim Rogers ist nicht die einzige Investmentgröße, die 2024 Aktien im großen Stil verkaufte und momentan mit Cash auf den nächsten Crash wartet. Auch Starinvestor Warren Buffett saß 2024 auf bis zu 325 Milliarden US-Dollar Cash-Reserven. Beide haben dadurch 2024 über 30-prozentigee Gewinne liegen lassen , Buffett etwa bei Apple oder Bank of America. Ich rechne 2025 zwar auch nicht mehr zweistelligen Kursgewinnen im Aktiendepot, aber fünf bis sechs Prozent könnten es werden, was reicht, um Vermögen aufzubauen. Ich befürchte, dass Trump viel Staub an der Börse aufwirbeln und damit die Kapitalmarktentwicklung unüberschaubarer machen wird. Rücksetzer von zehn bis 20 Prozent unmittelbar nach Trumps Ernennung zum 47. US-Präsidenten am 20. Januar 2025 sind möglich. Um mich darauf vorzubereiten habe ich über die Feiertage etwas mehr als in den boomenden Vorjahren mein Portfolio durchkämmt und teilweise in den USA Gewinne mitgenommen. Ich habe dafür auch den Verlusttopf genutzt – das geht in Österreich bloß bis zum 31.12., da man nur die Verluste und Gewinne im selbenJahr gegenrechnen kann. Liebe deutsche Hörerinnen, ihr könnt Aktienverluste noch ins nächste Jahr mitnehmen. Mehr dazu in der letzten GELDMEISTERIN-Folge. Ich habe Aktien mit Verlusten aus meinem Portfolio geschmissen (darunter Renckit Benchiser, Mayr Melnhof), um diese den hohen Gewinnen in 2024 gegenzurechnen. Aktien, an deren Geschäftsmodell ich weiterhin glaube habe ich auch mit Verlust verkauft , um sie anschließend teilweise auch wieder um den gleichen Betrag günstig zurückzukaufen (z.B. Nestlé, Andritz, BASF). Auch habe ich den 20%-igen Rücksetzer beim Pharmakonzern Novo Nordisk genutzt, um meine Position aufzustocken. Generell schaue ich, dass ich die Einzelpositionen in meinem Portfolio reduziere und die langfristigen Hoffnungsträger aufstocke. Ich diversifiziere andererseits mehr, in dem ich meine Kerninvestments in breit gestreute Welt-ETFS aufstocke. Rüstungsaktien bleiben für mich auch 2025 ein No Go, auch wenn ich hier mit Kursanstiegen rechne. Ein bisschen mehr in Cash bin ich schon gegangen, um Kursrückschläge in ersten Quartal 2025 nutzen zu können, aber wirklich nur ein bisschen.  Denn was die Vergangenheit  meiner Meinung nach gezeigt hat ist, lieber Jim, dass Angst ebenso wenig wie Gier ein guter Ratgeber ist und es auch ertragsmäßig schlecht war, längere Zeit nicht investiert zu sein. In diesem Sinne hören wir uns Jim Rogers als pessimistische Gegenstimme an. Prosit Neujahr wünscht allen Geldmeisterinnen Julia Kistner Und noch ein Neuigkeit in eigener Sache: Ab 2025 wird es das große Interview nur noch auf dem Podcast-Kanal GELDMEISTERIN geben – überall wo es Podcasts gibt – und nicht mehr parallel auch auf meinem Kanal BÖRSENMINUTE. Dort  gehe ich „back to he roots“ und starte für alle Einsteigerinnen wieder wöchentlich mit dem Börsen-Einmal-Eins. Wir werden uns von Folge zu Folge mit immer komplexeren, aktuell wichtigen Wissen für den Börsenalltag beschäftigen. Reinhören lohnt sich auch für Börsenkenner, weil man ohnehin viel Basiswissen im Laufe der Zeit vergisst. Ich hoffe also wir hören uns 2025 wieder auf beiden Kanälen – DIE BÖRSENMINUTE und GELDMEISTERIN. Ps.: Solltet ihr Euch für Silvester noch nichts vorgenommen haben, so lädt Euch mein geschätzter Kollege @ChristianDrastil zu einer Silvester-Börseparty auf seinem Podcast-Kanal Audio-CD ein. Musik- & Soundrechte: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.geldmeisterin.com/index.php/musik-und-soundrechte/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Risikohinweis: Dies sind keine Anlageempfehlungen. Julia Kistner und ihr Podcast-Gast übernehmen keinerlei Haftung.

Während viele Börsianer optimistisch in das Börsenjahr 2025 blicken rechnet Hedgefonds-Legende Jim Rogers schon demnächst mit sehr heftigen Aktienkorrekturen. Er selbst sei so gut wie nicht mehr in Aktien investiert und überlege jetzt Aktien zu shorten, also auf fallende Kurse zu setzen. Jim Rogers ist nicht die einzige Investmentgröße, die 2024 Aktien im großen Stil verkaufte und momentan mit Cash auf den nächsten Crash wartet. Auch Starinvestor Warren Buffett saß 2024 auf bis zu 325 Milliarden US-Dollar Bargeld. Beide haben dadurch 2024 über 30-prozentigee Gewinne liegen lassen , Buffett etwa bei Apple oder Bank of America. Ich rechne 2025 zwar auch nicht mehr zweistelligen Kursgewinnen im Aktiendepot, aber fünf bis sechs Prozent könnten es werden, was reicht, um Vermögen aufzubauen. Ich befürchte, dass Trump viel Staub an der Börse aufwirbeln und damit die Kapitalmarktentwicklung unüberschaubarer machen wird. Rücksetzer von zehn bis 20 Prozent unmittelbar nach Trumps Ernennung zum 47. US-Präsidenten am 20. Januar 2025 sind möglich. Um mich darauf vorzubereiten habe ich über die Feiertage etwas mehr als in den boomenden Vorjahren mein Portfolio durchkämmt und teilweise in den USA Gewinne mitgenommen. Ich habe dafür auch den Verlusttopf genutzt – das geht in Österreich bloß bis zum 31.12., da man nur die Verluste und Gewinne im selbenJahr gegenrechnen kann. Liebe deutsche Hörerinnen, ihr könnt Aktienverluste noch ins nächste Jahr mitnehmen. Mehr dazu in der letzten GELDMEISTERIN-Folge. Ich habe Aktien mit Verlusten aus meinem Portfolio geschmissen (darunter Renckit Benchiser, Mayr Melnhof), um diese den hohen Gewinnen in 2024 gegenzurechnen. Aktien, an deren Geschäftsmodell ich weiterhin glaube habe ich auch mit Verlust verkauft , um sie anschließend teilweise auch wieder um den gleichen Betrag günstig zurückzukaufen (z.B. Nestlé, Andritz, BASF). Auch habe ich den 20%-igen Rücksetzer beim Pharmakonzern Novo Nordisk genutzt, um meine Position aufzustocken. Generell schaue ich, dass ich die Einzelpositionen in meinem Portfolio reduziere und die langfristigen Hoffnungsträger aufstocke. Ich diversifiziere andererseits mehr, in dem ich meine Kerninvestments in breit gestreute Welt-ETFS aufstocke. Rüstungsaktien bleiben für mich auch 2025 ein No Go, auch wenn ich hier mit Kursanstiegen rechne. Ein bisschen mehr in Cash bin ich schon gegangen, um Kursrückschläge in ersten Quartal 2025 nutzen zu können, aber wirklich nur ein bisschen.  Denn was die Vergangenheit  meiner Meinung nach gezeigt hat ist, lieber Jim, dass Angst ebenso wenig wie Gier ein guter Ratgeber ist und es auch ertragsmäßig schlecht war, längere Zeit nicht investiert zu sein. In diesem Sinne hören wir uns Jim Rogers als pessimistische Gegenstimme an. Prosit Neujahr wünscht allen Geldmeisterinnen Julia Kistner Und noch ein Neuigkeit in eigener Sache: Ab 2025 wird es das große Interview nur noch auf dem Podcast-Kanal GELDMEISTERIN geben – überall wo es Podcasts gibt – und nicht mehr parallel auch auf meinem Kanal BÖRSENMINUTE. Dort  gehe ich „back to he roots“ und starte für alle Einsteigerinnen wieder wöchentlich mit dem Börsen-Einmal-Eins. Wir werden uns von Folge zu Folge mit immer komplexeren, aktuell wichtigen Wissen für den Börsenalltag beschäftigen. Reinhören lohnt sich auch für Börsenkenner, weil man ohnehin viel Basiswissen im Laufe der Zeit vergisst. Ich hoffe also wir hören uns 2025 wieder auf beiden Kanälen – DIE BÖRSENMINUTE und GELDMEISTERIN. Ps.: Solltet ihr Euch für Silvester noch nichts vorgenommen haben, so lädt Euch mein geschätzter Kollege Christian Drastil zu einer Silvester-Börseparty auf seinem Podcast-Kanal Audio-CD ein. Musik- & Soundrechte: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://www.geldmeisterin.com/index.php/musik-und-soundrechte/⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Risikohinweis: Dies sind keine Anlageempfehlungen. Julia Kistner und ihr Podcast-Gast übernehmen keinerlei Haftung.

Legendary investor Jim Rogers, co-founder of the Quantum Fund with George Soros and author of multiple bestselling books including "Street Smarts" and "Investment Biker," returns to the Julia La Roche Show (Ep. 215) with a stark warning about America's debt crisis and market euphoria. Speaking from Singapore, Rogers shares why he's recently cut back his positions "enormously," explains his continued investments in China and Uzbekistan, and offers a sobering perspective on America's $200+ trillion in total obligations (this includes off-balance sheet debt). While not yet shorting markets, Rogers cautions that current market complacency reminds him of previous peaks, and explains why he's holding U.S. dollars despite long-term concerns about America's financial future. ✨ This episode is sponsored by Public.com. https://public.com/julia ✨ Paid endorsement for Public Investing, Inc. Not investment advice. All investing involves the risk of loss, including loss of principal. Brokerage services for US-listed, registered securities, options and bonds in a self-directed account are offered by Public Investing, Inc., member FINRA & SIPC. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.  Treasury accounts offering 6 months T-Bills are offered by Jiko Securities, Inc.,member FINRA & SIPC. Securities in your account are protected up to $500,000. For details: www.sipc.org. Banking services and the Bank Accounts are provided by Jiko Bank, a division of Mid- Central National Bank. For U.S. Investments in T-bills: Not FDIC Insured; No Bank Guarantee; May Lose Value. Treasuries risk disclosures, see https://jiko.io/docs/treasuries_risk_disclosure.pdf. See public.com/#disclosures-main  A Bond Account is a self-directed brokerage account with Public Investing, member FINRA/SIPC and includes 10 investment-grade and high-yield bonds. As of [11/08/24], the average, annualized yield to worst (YTW) across all ten bonds is greater than 6%. A bond's YTW is not “locked in” until the bond is purchased and is not guaranteed; you may receive less than the YTW of the bonds in the Bond Account if you sell any of the bonds before maturity or if the issuer defaults on the bond. While corporate bond yields should fall in reaction to a Federal Reserve rate cut, there is no way to know whether that will be true of the bonds in the Bond Account, how quickly bond yields will respond, or by how much they will decline. Bond Accounts are not recommendations of individual bonds or default allocations. The bonds in the Bond Account have not been selected based on your needs or risk profile. All investing involves risk. Public Investing charges a markup on each bond trade. Visit public.com/bond-account to learn more Timestamps: 00:03 Introduction and welcome Jim Rogers 00:56 Big picture view on markets and economy 02:31 Discussion of market bubble conditions 03:22 Recent portfolio reductions 04:27 China and Uzbekistan investments 07:36 China market outlook 09:24 Signs of market hysteria to watch for 11:37 Reaction to election and market complacency 14:04 U.S. debt situation ($200T+ including off-balance sheet) 17:11 U.S. dollar outlook and safe havens 19:03 Views on Bitcoin and cryptocurrencies 20:50 Gold vs. silver investment thesis 22:29 Bond market outlook and inflation 24:27 Federal Reserve rate cuts discussion 26:36 Long-term investment trends 29:26 Discussion of new tariff proposals 31:06 Department of Government Efficiency outlook 33:29 Final thoughts and personal debt warning

Today we are introducing you to Jim Rogers, who, in amongst a wild and vibrant life, has been diagnosed with younger-onset dementia. So generous, and such an amazing storyteller, Jim tells us the three acts of his life, so far. The grief of losing his first love, the surprise of his second, and the shock of a dementia diagnosis at 55, this conversation left Hugh, Ryan, and Josh with an invigorated sense for the preciousness of life, love, and family. In Jim's words, dementia strips you of the most important things: your memory and recognition of your loved ones, as well as your ability to make choices for your own wellbeing. Dementia affects the lives of more than 421,000 individual Australians, and countless family members, loved ones and carers. There is no known cure for dementia, however there are treatments for many of the symptoms. This episode is heart-breaking and heart-warming in the same breath, and we know you're about to fall in love with Jim, just like we did. Special thanks to Hamish Macdonald, and the Dementia Australia team, who introduced us to Jim. To watch this full episode on YouTube, follow this link: https://youtu.be/MUk5ED2Ppug 

Interview recorded - 19th of November, 2024On this episode of the WTFinance podcast I had the pleasure of welcoming back Jim Rogers. Jim is a legend in the investing world, author, financial commentator and more! After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership.Jim talks further about his current thoughts on the economy, what this means for the market, whether inflation will return, will Trump be good for the economy, China & Uzbekistan, De-dollarisation, current geopolitical strategy and more. I hope you enjoy!0:00 - Introduction1:17 - Current outlook for the economy?2:26 - Why could things go bad?3:24 - How have markets changed?5:25 - Inflation to return?7:17 - Trump good for the economy?10:17 - China & Uzbekistan12:30 - Resolutions to debt trajectory?14:42 - US industry onshoring?16:02 - De-dollarisation18:07 - US still the best investment?21:32 - Current geopolitical situation?24:19 - Investment strategy25:42 - One message to takeaway?Jim Rogers is an author, financial commentator and international investor.After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37. Continuing to manage his own portfolio, Rogers kept busy serving as a full professor of finance at Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS's ‘The Dreyfus Roundtable' and FNN's ‘The Profit Motive with Jim Rogers'.From 1990-92, Jim Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records. As a private investor, he constantly analysed the countries through which he travelled for investment ideas. He chronicled his one-of-a-kind journey in “Investment Biker: On the Road with Jim Rogers”. Rogers also embarked on a Millennium Adventure in 1999. He travelled for 3 years on his round-the-world, Guinness World Record journey. It was his 3rd Guinness Record. Passing through 116 countries, he covered more than 245,000 kilometres, which he recounted in his book “Adventure Capitalist: The Ultimate Road Trip”.His book, “Hot Commodities: How Anyone Can Invest Profitably In The World's Best Market”, was published in 2004. Another of his books “A Bull in China” describes his experiences in China as well as the changes and opportunities there. His most recent book “A Gift to My Children” was a heartfelt, indispensable guide for his daughters (as well as for all adults and children) to find success and happiness. His latest memoir “Street Smarts: Adventures on the Road and in the Markets” was published in 2013.Jim Rogers -Website - https://www.jimrogers.com/WTFinance -Instagram - https://www.instagram.com/wtfinancee/Spotify - https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfniTunes - https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4Twitter - https://twitter.com/AnthonyFatseas

Jim Rogers speaks about his father who served in World War II.

Jim Rogers is President of the Elmwood Cemetery board of directors and interim superintendent.

Scott Bessent is the CEO and CIO of Key Square Group and a renowned global macro investor. His 40-year investment career has included two stints at Soros Fund Management, the first for a decade under Stan Druckenmiller and the second for five as CIO. In between, Scott launched a hedge fund, retired, and joined me at Protégé Partners when he learned retirement wasn't for him.   Following his second tour at Soros, Scott started Key Square with $4.5 billion, one of the largest hedge fund launches in history. Scott has been profiled in two best-selling investment books, Steve Drobny's Inside the House of Money and Sebastian Mallaby's More Money than God.   Our conversation covers Scott's investment path learning research from Jim Rogers, short selling from Jim Chanos, global macro investing from George Soros and Stan Druckenmiller, and twice hanging his own shingle. We discuss high-conviction ideas, asymmetric asset selection, position sizing, risk management, a hub and spoke approach, and core challenges of the global macro hedge fund business.    I once told Scott that he could read the newspaper six months ahead of time because I had never encountered someone with his ability to connect dots and imagine investments others had not considered. His interest in improving the country's economic picture has led him to shed his publicity-shy nature, and I'm grateful for the opportunity to share his story. Take Capital Allocators Audience Engagement Survey Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership

“America has gone the longest in our history without a recession. History would say we're getting closer to a problem,” warns legendary investor Jim Rogers, chairman of Beeland Interests and co-founder of the Quantum Fund and Soros Fund Management. Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcast or Call 866-349-3310

BigTentUSA hosted a "must listen" special discussion on election protection with Joanna Lydgate, President & CEO of States United, Steve Bullock, former Governor and Attorney General of Montana, and Cisco Aguilar, the Nevada Secretary of State and moderated by Samantha Bee. This dynamic group discussed what to expect during an election season that may be long, how state officials are preparing, and reassured us about the coming weeks.ABOUT OUR SPEAKERSJOANNA LYDGATE is Co-Founder and Chief Executive Officer of the States United Democracy Center, a nonpartisan organization dedicated to protecting free, fair, and secure elections. Since 2020, States United has provided legal, research, policy, and communications support to state officials who run elections. Before launching States United, Joanna served as Chief Deputy Attorney General of Massachusetts. In that role, she coordinated multi-state litigation and worked with a bipartisan team of colleagues from across the country to uphold shared values, protect civil liberties, and defend the rule of law. She also oversaw criminal enforcement, coordinating daily with local, state, and federal law enforcement partners. Joanna has served as an Assistant Attorney General in the Civil Rights Division of the Massachusetts Attorney General's Office, was a law clerk to Judge Norman H. Stahl on the First Circuit Court of Appeals, and worked in nonprofit legal services in New York City. She is a graduate of Yale University and the University of California, Berkeley, School of Law.STEVE BULLOCK served as Montana's attorney general from 2009-2013. As attorney general, Bullock defended Montana's hundred-year ban on corporate campaign spending, gaining national prominence for leading the challenge to the Supreme Court's Citizens United decision.Bullock was elected Montana's 24th Governor, serving from 2013-2021. He worked with a Republican-majority legislature to improve access to health care, kick dark money out of state elections, make record investments in education, protect access to public lands, invest in infrastructure, and strengthen Montana's economy. Bullock brought diverse interests together to address challenging issues, from sage grouse and forest management to the Main Street Montana Project. Nationally, Bullock was elected Chair of the National Governors Association, Western Governors Association and Democratic Governors Association.Since leaving public office, Bullock has been involved with a number of corporate and nonprofit boards and organizations, as well as serving as the court-appointed Independent Monitor over Purdue Pharma.  And he opened his own taphouse.FRANCISCO “CISCO” AGUILAR was elected as Nevada Secretary of State in 2022 and assumed office on January 2, 2023. Prior to being elected, Secretary Aguilar served twelve years as General Counsel for Agassi Graf, the management company for Andre Agassi and Stefanie Graf, and the Andre Agassi Foundation for Education. In this role, he was responsible for communications and media, marketing and brand management, strategic partnerships, legal and government affairs. The Secretary also served as Special Counsel to the Chancellor of the Nevada System of Higher Education, Jim Rogers, and as a lawyer for the parent company of the Las Vegas and Reno NBC affiliates, KSNV Channel 3 and KRNV Channel 4, and 15 other NBC affiliates. Secretary Aguilar is the Founding Chairman of Cristo Rey St. Viator College Preparatory High School. Cristo Rey serves students in one of Las Vegas' most vulnerable neighborhoods, and provides an innovative work-study program designed to prepare them for future careers.MODERATORSAMANTHA BEE received global recognition from the success of her weekly late-night comedy series, Full Frontal with Samantha Bee, which was nominated for 70 awards and ran for seven seasons on TBS. Bee also served as a correspondent on Comedy Central's The Daily Show Bee from 2003-2015. She is the author of the essay collection I Know I Am, But What Are You? and has been featured in TIME 100: The Most Influential People. She is also the host of Lemonada Media's podcast Choice Words. YOUTUBE RECORDING HEREAnd then Go… This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit bigtentnews.substack.com

In this week's edition of Wealthion's Weekly Market Recap, Andrew Brill highlights key insights from our expert guests: Legendary investor Jim Rogers discusses why silver is a better investment than gold, the rising risk of global conflict, and gives crucial advice to young investors. Rick Rule explains why gold could hit $9,000, while addressing political and jurisdictional risks in precious metals investing. Larry McDonald highlights parallels between the current economy and the 1968-1981 period, discussing inflation, fiscal policy, and the potential market impact of the U.S. elections. Jared Dillian focuses on the Fed's rate cuts, the yield curve, and commodities, particularly those needed for the rebuilding of war-torn countries. Investment Concerns? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/4dX0tw1 Hard Assets Alliance - The Best Way to Invest in Gold and Silver: https://www.hardassetsalliance.com/?aff=WTH Chapters: 00:00 - Introduction 00:21 - Jim Rogers Interview Highlights | Full Interview: https://youtu.be/vy-5oOMvy_c 10:08 - Rick Rule Interview Highlights | Full Interview: https://youtu.be/mNZR2FF04e0 20:21 - Larry McDonald Interview Highlights | Full Interview: https://youtu.be/RmQsFJCrLAY 31:17 - Jared Dillian Interview Highlights | Full Interview: https://youtu.be/JycaFRnHuFY Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Finance #Economy #Investing #Wealth #InvestmentAdvice #MarketTrends #MarketInsights #MarketRecap #GlobalEconomy #Geopolitics #Markets #BondMarket #Commodities #PreciousMetals #Gold #Silver #RickRule #JimRogers #LarryMcDonald #JaredDillian #Fed #Wealthion Learn more about your ad choices. Visit megaphone.fm/adchoices

Jim Rogers, legendary investor, best-selling author, and co-founder of the Quantum Fund, joins Anthony Scaramucci for an insightful conversation on why today's market euphoria signals danger. With most global markets near all-time highs, Jim draws on his 60 years of investing experience to explain why things will take a turn for the worse. He discusses how human behavior drives bubbles and why now may be the time to protect your wealth by reconsidering your exposure to overvalued markets. Rogers also shares his thoughts on gold, silver, the value of travel, advice for young investors, today's geopolitical tensions, and why he believes Asia will dominate the 21st century. Investment Concerns? Get a free portfolio review with Wealthion's endorsed financial advisors at https://bit.ly/4hfzUVB Chapters: 0:33 - Remembering Ghost Bikes: Anthony's Uncle's Motorcycle Shop 3:30 - Jim Rogers' Early Career 4:51 - Meeting George Soros 6:28 - Key Lessons from 60 Years of Investing 7:30 - The Future of Asia  8:44 - Geopolitical Tensions and Risk of Global Conflict 10:19 - Why Jim Rogers is Selling Shares in Most Markets 11:39 - Market Euphoria and How Bubbles Form 13:12 - Advice for Young Investors: Avoid Hot Tips 15:20 - U.S.-China Relations and Economic Clash Risks 18:23 - The Value of Traveling for Investors 20:37 - Jim Rogers' Thoughts on Gold and Silver 22:05 - Thoughts on Bitcoin and Cryptocurrencies 22:47 - Audience Question: Is Argentina Now Investable? 24:29 - Audience Question: How to Invest in Agriculture? 26:14 - Audience Question: Jim Rogers on Writing 27:10 - The 1987 Market Crash: Jim's Best Birthday Ever 28:23 - Audience Question: Biggest Mistakes and Lessons from Jim's Career 30:41- Audience Question: How Travel Has Shaped Jim Rogers' Life and Investing 31:56 - Audience Question: Advice for Young Investors Connect with us online: Website: https://www.wealthion.com X: https://www.x.com/wealthion Instagram: https://www.instagram.com/wealthionofficial/ LinkedIn: https://www.linkedin.com/company/wealthion/ #Wealth #Finance #Wealthion #JimRogers #Investing #MarketEuphoria #Gold #Silver #GlobalMarkets #Asia #Geopolitics #InvestmentAdvice #WealthManagement #SpeakUp #AnthonyScaramucci #QuantumFund #Travel #Markets #StockMarket Learn more about your ad choices. Visit megaphone.fm/adchoices

The past few years have been full of surprises, often going the exact opposite way that Wall Street expected at the start of each year. Well, as we prepare to enter 2025, and with it a new US presidential administration I might add, it helps to tap the expertise of those investors who have been around the longest and been the most successful. High on that list is Jim Rogers, legendary international investor, financial commentator and author of several best-selling books on wealth-building. Jim is concerned that history is clear about the path we're taking. First, the debt starts to run out of control. That leads governments to try to contain the contagion with currency exchange controls. As those fail, countries fall into a full-blown debt crisis. And ultimately, that results in a currency crisis that wipes out purchasing power. Will we avoid that fate? WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com #debtcrisis #commodities #goldprice --- Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support

The Impending Economic Meltdown w/Investor Legend Jim Rogers, Alexander Mercouris & Glenn Diesen

Think Globally When Looking for Stocks to Invest In w/ Meb Faber AZ TRT 2.0 Flashback S05 EP32 8-18-2024   Things We Learned This Week Investment Plan – write it down and stick to it, give yourself rules and guard rails Allocation – Global Stocks, Global Bonds, Global Assets (Real Estate, Commodities, etc) Talmud Portfolio – 2000 year old strategy – 1/3 of $ in land, business, reserves Invest With the House – monitor the 13F of big investors to get ideas Market Cycles – importance of identifying them, to know where you are at when investing to avoid Bubbles and Mania   Guest: Meb Faber at Cambria Investments https://www.cambriainvestments.com/ Website / Blog / Books: https://mebfaber.com/ Twitter: https://twitter.com/mebfaber Book Recs / Investing Info: https://mebfaber.com/reading-list/     Meb Faber takes us on an in depth discussion on investing, doing your research, Quant investing, and looking at stocks outside the US to diversify your portfolio. Why following the big investors 13Fs, aka Invest with the House, can reap benefits and ideas. He is a historian on investing and always crunches the numbers and data. Mr. Faber is a co-founder and the Chief Investment Officer of Cambria Investment Management. Faber is the manager of Cambria's ETFs and separate accounts. Mr. Faber is the host of The Meb Faber Show podcast and has authored numerous white papers and leather-bound books. He is a frequent speaker and writer on investment strategies and has been featured in Barron's, The New York Times, and The New Yorker. Mr. Faber graduated from the University of Virginia with a double major in Engineering Science and Biology. He has written multiple Books on Investing – Global Asset Allocation, Global Value, Invest With the House, Shareholder Yield, Ivy League Portfolio, The Best Investment Writing You can Download some for Free here: https://mebfaber.com/books/   Notes: Written Investment Plan, and stick to that plan Learn thru experience what your real risk tolerance is when you actually lose $ Do you have the fortitude to stick to your investing plan, when the stock has a 50% draw down Investment Market History – over a 200 year period to give you guide posts Expectations of returns that are more realistic, to avoid disappointment   Market Cycles – living thru cycles to identify them Long Term Investment Horizon - 10 to 20 years, downturns in stocks, bonds, gold can last years Example – you expect to stay in your house for 10 – 20 years Short term leads to chasing returns and bad behaviors   Deep Research on Investments, Quant analysis and review the numbers to avoid biases Allocation – Global Stocks, Global Bonds, Global Assets (Real Estate, Commodities, etc) Meb book rec: Triumph of the Optimists – historical review of market returns, also Jim Rogers books Home Country Bias – most people in US invest 80% in US stocks, look globally ( and allot 50% to US)   Diversify Worldwide – research European or Japanese stock market for ideas Biggest Stocks hit a size that will have trouble going forward growing bigger (got from $1 tril, to $10 tril size), also have a target on your back, biggest stocks over time will underperform the index   ETFs – worldwide and foreign markets   Invest with the House – monitor the 13F of big investors for ideas, institutional investors with $100 mil in assets must do a quarterly filing of stocks they hold (45 days after)   Analysis Paralysis – Simplicity is important, have an easy strategy Talmud Portfolio – 2000 year old strategy – let every man invest 1/3 of $ in land, business, reserves Meb modern translation – stocks, real assets, cash & bonds Hard to beat strategy, can buy ETFs at low cost, and re-balance Monitor details of taxes and fees, be defensive - Diversify your net worth to business, land, etc.   Start investing at a young age, save $ and stay invested, focus on low fees Then Advanced Strategies of Value Investing, Trend Following, Tail Risk, etc.     Investing Topic: https://brt-show.libsyn.com/category/Investing-Stocks-Bonds-Retirement     ‘Best Of' Topic: https://brt-show.libsyn.com/category/Best+of+BRT     Thanks for Listening. Please Subscribe to the BRT Podcast.     AZ Tech Roundtable 2.0 with Matt Battaglia The show where Entrepreneurs, Top Executives, Founders, and Investors come to share insights about the future of business.  AZ TRT 2.0 looks at the new trends in business, & how classic industries are evolving.  Common Topics Discussed: Startups, Founders, Funds & Venture Capital, Business, Entrepreneurship, Biotech, Blockchain / Crypto, Executive Comp, Investing, Stocks, Real Estate + Alternative Investments, and more…    AZ TRT Podcast Home Page: http://aztrtshow.com/ ‘Best Of' AZ TRT Podcast: Click Here Podcast on Google: Click Here Podcast on Spotify: Click Here                    More Info: https://www.economicknight.com/azpodcast/ KFNX Info: https://1100kfnx.com/weekend-featured-shows/   Disclaimer: The views and opinions expressed in this program are those of the Hosts, Guests and Speakers, and do not necessarily reflect the views or positions of any entities they represent (or affiliates, members, managers, employees or partners), or any Station, Podcast Platform, Website or Social Media that this show may air on. All information provided is for educational and entertainment purposes. Nothing said on this program should be considered advice or recommendations in: business, legal, real estate, crypto, tax accounting, investment, etc. Always seek the advice of a professional in all business ventures, including but not limited to: investments, tax, loans, legal, accounting, real estate, crypto, contracts, sales, marketing, other business arrangements, etc.    

We're currently in the longest bull market in U.S. history as the government continues to print trillions of dollars. With this unprecedented situation, continued inflation and rising interest rates is unavoidable. Depending on what happens, it's possible that rates can go as high as the high teens, like they did in the 80's. This scenario will spur a declining stock market and depreciation on most assets. Jim Rogers, renown six-decade investor, author, and commentator, predicts choppy waters ahead and suggests that we take precaution. Jim was the co-founder of the Quantum Fund and Soros Fund Management with legendary investor George Soros. 

  In this episode of the Market Call Show, we're discussing mastering long-term investing and balancing risk and return through strategies like adjusting asset allocation over time. With large-cap sell offs recently, we highlight opportunities in small-cap stocks and look at the fundamental analysis of these businesses.  Drawing my experience as a portfolio manager, I'll share some of the tools I've used, like quantitative analysis that can help safeguard your hard-earned capital before uncovering economic sectors with untapped potential, such as property and casualty insurance.  Wrapping up, we dive into way you can optimize outcomes by staying grounded in market turbulence, making increment adjustments, and embracing diversification across sectors and investment styles for stability.    SHOW HIGHLIGHTS I discuss the importance of long-term compounding and protecting investments during market volatility, advocating for a balance between steadier and more volatile investments in portfolios. We talk about recent market trends indicate an overvaluation of large-cap companies, suggesting that small caps may offer promising opportunities for investors. Emphasizing the significance of risk management, I draw on insights from my book, The Financial Freedom Blueprint, to highlight the necessity of sound economic principles and fundamental analysis. Investment expert Jim Rogers is cited, stressing that no single asset class is perfect and that a thorough risk assessment is essential for aligning investment goals with risk tolerance. I explore the strategic investment approach within the property and casualty insurance sector, recommending a blend of active and passive strategies for a diversified, all-weather portfolio. The importance of probabilistic thinking and incremental strategy adjustments is highlighted as a means to navigate the financial landscape successfully. Small-cap companies are identified as having rising potential, with quantitative analysis being a useful tool for building well-balanced portfolios. Fundamental metrics and scoring methodologies are recommended for better investment decision-making, rather than relying solely on indexing. I stress the need for a steady pace in investing, focusing on long-term fundamentals rather than reacting to market volatility.   PLUS: Whenever you're ready... here are three ways I can help you prepare for retirement:  1.  Listen to the Market Call Show Podcast or Watch on Youtube One of my favorite things to do is to talk with smart people about investing, financial planning, and how to live a full life.  I share this on my podcast the Market Call Show.  To watch on Youtube  – Click here   2.  Read the Financial Freedom Blueprint:  7 Steps to Accelerate Your Path to Prosperity If you're ready to accelerate your path to prosperity, the Financial Freedom Blueprint lays out a proven system for planning and investing to secure your financial independence. You can get a personalized signed hardcover copy – Click here 3.  Work with me one-on-one If you would like to talk with me about planning and investing for your future. – Click here       TRANSCRIPT (This AI transcript is provided for reference and may contain errors) Louis Louis Llanes. Here I am going to be discussing and riffing on something that I haven't talked about in a while, and that's protecting your money. Today I was looking at the market and we saw a pretty good sell-off one of the worst sell-offs we've seen in quite a while and actually what's happening is to be expected. It's something that I've been talking about. I've been talking about how the valuation of the larger cap companies many of the companies that have been the darlings have really gotten out of whack, really, and we're starting to see a correction. I was talking to a friend of mine and I was telling him about how I saw small caps being a relatively good opportunity. I think there's a lot of skepticism out there sometimes when you have these big locations in the market, and it's understandable, because it's easier to follow the crowd. Following the crowd is something that we naturally have an instinct to do, especially when it comes to investing. One of the worst things that we ever want to do is to be in a situation where we feel like we're missing out or kind of the phone feelings that we can have that really create a feeling of angst when we see certain investments going up One of the things that's interesting about the investment world, at least in the public markets, is that you see marking up and increases in values happening slowly, and then, whenever you have a correction, it tends to be quicker and some people feel surprised by that. So, as a long-term investor who is focused on the economics of investments for the long run, based on cash flows, we can have periods of time where there's a dislocation or there's a disconnect between what we're seeing in the markets and what sound fundamental analysis would indicate you should be doing, and during those times it can be very challenging for investors because it's very easy to make decisions that are not based upon the long term. And in fact, many times, as a professional investment manager, we feel pressure, and I feel pressure from clients who are saying wow, maybe you're out of touch or maybe you don't understand what's happening. Maybe you're out of touch or maybe you don't understand what's happening, and you have to explain that these things are not one to one, but over time.  Good, sound investing requires for you to compound over time and to think rational, long term, and I think we're in a position right now where many investors have just been indexing, which is something I've been talking about, kind of ad nauseum indexing, which is something I've been talking about, kind of ad nauseum, and whenever you have a situation where indexing seems to be the best and only thing to do, inevitably it is not the best thing to do in my opinion. Now, I have nothing against indexing. I think indexing has its place and should be part of a strategy. But, on the other hand, if you want to have above average rate of returns or if you want to have returns that on a risk adjusted basis that can weather a lot of different environments, it's better to have a fundamental approach where you're really looking at the economics and the cash flow to the economics and the cash flow. So I wanted to talk a little bit about stuff that's been on my desk and how it relates to, I think, what many high net worth investors are dealing with right now in terms of just making decisions for capital that are coming in from various sources and being in a position to protect your money.  So in my book, the Financial Freedom Blueprint, in chapter four, I wrote a chapter called Protecting your Money and one of the things I say on there and I just kind of quoted Benjamin Graham who says Wall Street has a few prudent principles. The trouble is that they are always forgotten when they are most needed. That is probably one of the reminders I think that we need right now is what's most needed right now in terms of a principle is that the value of an investment is the present value of its future cash flows over time, and if you get too far away from that, then you will tend to have problems, and we've lost sight of that, I think, as investors you know because of for many different reasons. So, in the world of finance, risk management separates the winners from the losers, and it's more important to really, now more than ever, that you select your investments based on the fundamentals, and risk management requires you to have rules to size your investments. So I'm going to talk a little bit about sizing investments for high net worth investors and what that means to you, and thinking about your positioning. The most important thing is that your exits when you exit an investment or reduce your positions, your exits when you exit investment or reduce your positions and when you actually are attempted to break rules how to get your mind in a position where you can really work for the long run and be focused on the long run and redirecting your attention, and you know, we all want to say that we're rational, we all want to believe that we are rational creatures, but we really are emotional creatures, no matter who you are. So the biggest challenge is to stay rational.  One of the ways that you can look at risk is volatility, which is just basically how much movement up and down various investments have. That is a it's a useful way of thinking about risk when you're coming from a fundamental standpoint. It's really not the risk that is the most important. The most important risk would be the chance of losing money based on the difference between where the market is pricing an investment now versus where its intrinsic value is its underlying value based on cash flows. The problem with the concept of intrinsic value is it's not a science, it's not something that you know with 100% certainty, so it's really something that you have to estimate within range and within reasonableness. So it's really more about reasoning, and when you have something that is obvious, or more obvious, that there's a difference between price and value, that's when you should be concerned, and so that's one of the things that I wanted to talk out.  So the question is does buy and hold make sense? Well, I think buy and hold does make sense as long as you're owning investments where the quality is such that there's a strong competitive advantage. So for most importantly with stocks. So if you have a company that has a strong competitive advantage with their competitors high return on capital then obviously that buy and hold is a good thing to do. It can get ahead of itself and be above intrinsic value and maybe you wanna not invest as much future capital into it. And then times when they come down in value those high quality investments that have good competitor advantage then you want to add to those and it takes discipline to do that.  So one of the things that a gentleman by the name of Jim Rogers you may have heard of him. He used to work for George Soros. He worked in the George Soros' fund as an analyst. He was a very solid analyst. He said do not buy the hype from Wall Street and the press that stocks always go up. There are long periods of time when stocks do nothing and other investments are better.  So there is no perfect asset class. I had a conversation with another friend of mine who really likes real estate and I always say that when I'm talking to her because I hear about how great real estate is, and I'm just thinking about all the times that certain real estate projects can be problematic and so there is no perfect asset class. It goes down to valuation. So protecting your resources, I think, is really important right now. Making up a loss that is big, it's harder to recoup because percentage losses you have to gain more on a percent basis to make up a certain loss. So, for example, if you're down 50% on an investment, then you have to go up 100% just to break even. So part of the idea of long-term compounding is having investments that have more steadiness to them over the long term. Or, if you have investments that are more volatile, to have them sized in a way to their impact, so their impact is smaller to the portfolio.  So in my book, one of the things that I say is that there's a few risk principles that I found to be very true. Number one is never take more risk than your finances can withstand. And the second rule is never to take more risk than you cannot psychologically endure. In other words, if you're going to capitulate when an investment is not doing well because you've taken an investment that you psychologically whatever your makeup is you just can't deal with it, then you're gonna surely lose money because you'll sell out at the wrong time. And my third rule is always to match your goals to your risk tolerance. In other words, whatever goal that you've set for yourself, make sure that it incorporates what your risk tolerance really is and match that.  So when I look at a risk profile, it's kind of like a triangle, where at the top of the triangle there's your tolerance for risk that's really psychology and then on one side you have your risk requirements. So you might have a minimum amount of risk that you have to take in order to get a return that you need to make, and that's something that is just about rock bottom minimum risk that you must take. And a lot of people sometimes get in a situation where the minimum risk that they need to take in order to achieve a certain return you know they're not unwilling to take. And what I mean by the risk in this context is just short-term movements, temporary movements. You know you have to be able to think long-term in terms of that. And then you on the other side of this triangle is risk capacity, and that is kind of the maximum risk that your finances can actually withstand. So you know, having some kind of a sense about those three things can really help you when you're exploring your risk profile and protecting your capital.  So step one is to perform a risk assessment really and look at what kind of risk profile you really truly have. And once you've done that, your risk capacity rule is never to take more risks than your finances can withstand. And then your risk tolerance rule number two is to never take more risks than your finances can withstand. And then your risk tolerance rule number two is to never take more risks than you could psychologically endure, which I had talked about. And then your risk requirement mismatch rule is if your risk tolerance is lower than your risk requirement, you should consider adjusting your goals to be more realistic. So once you've kind of assessed your risk, then I really think about really determining your key metrics that you want to look at in terms of risk.  And for me as an investor, when I'm thinking long term, I'm thinking about the types of investments that I want to hold that are likely to have the risk characteristics that I'm willing to hold on to and in order to achieve a good return. And to me, a good return is where you're able to return above the inflation rate and you're able to be compensated for the amount of risk that you're taking, but also to have more of an understanding about the economics of the business, makes sense, and so when all of those things are together, well then you can feel more comfortable in what you're doing. So there's all sorts of statistical things that you could do with risk analysis if you will, and there's all sorts of programs that people will show and all that, but when you really look at it from a long-term perspective, you cannot untie the economics of the underlying investment cash flows. You can't untie that from your risk profile. Really. That's really how it's really related to so when you construct portfolios.  And so why am I talking about all this stuff? Mainly because I think we have lost sight of the long-term fundamental analysis and we're starting to see that correction happen, where investments are moving into more industrial companies, into some of the tech companies that are more solid, or some of the companies that are in other financial industries that make some sense, even international companies. We're starting to see that happening. So it all boils down to the economics of these investments. So I was just thinking about how that ties into various stock strategies. So one of the things we do for high net worth clients is we invest in a wide variety of investments, but in the smaller cap realm that has been of more interest lately because of the valuations and there are a lot of small companies that are not making profits right now, so you have to avoid those. So buying the small cap indexes are not quite as attractive then as being selective, in my opinion, and that's really basically always the case. But in particular, there's a lot of opportunity in smaller companies.  One of the things that I do is I do quantitative analysis, where, through powerful software packages, we could look at the various ways to construct portfolios using fundamental analysis and we can look at a lot of different factors and look at different ways and simulate different portfolio strategies to see the impact on portfolio results. And one of the things that we see consistently is when you apply fundamental metrics on more inefficient areas in the market, like smaller and mid-cap companies, you tend to have outsized returns. You tend to have returns over the longer term that are better than buying kind of the tried and true that everybody knows and so you know over the long run. That is something to keep in mind and in fact, if you want to have outsized returns, I think it's really important to be able to not always be looking where everybody else is looking. You have to be looking in places where they're not, where most people are not looking, and I was just looking at various factors in the smaller cap area that have been doing well.  I always take a lot of notes when I'm doing these things and because my goal is for our clients to compound over time and not to stick our neck out right, there's always movement in stocks, but when you look at the factors that make the most sense, one of the things that always comes up has to do with earnings. Basically, you know what are earnings doing and you know. One of the areas that I like to look at because it really, you know, historically has contributed a lot to returns is what's happening with the revisions of earnings. So companies that are tending to do better right now the earnings are being revised upwards, and so we have ways that we can actually scorecard and do what's called factor analysis and look at ways to actually identify companies where their earnings are being revised up and also that we're seeing that there's a surprise in the earnings. So the earnings were expected to be, say, $1 a share, but they're coming at $1.20 a share. That would be an upward surprise. But they're coming at $1.20 a share. That would be an upward surprise. A revision would be the analysts are saying, okay, well, we thought they were going to earn $1, but now we think they're going to earn $1.20. So they're starting to move them up.  So those factors can help as well. As the variation in the earnings estimates is a valuable indicator. So if too many analysts are all over the map, somebody thinks a company is going to earn a dollar a share, no one thinks it's going to earn 10 cents a share and there's a lot of variation. You know that is actually, should be, actually. You should actually, I guess, handicap for that if there's a lot of variation there. So somebody's calling me right now, so I'm not going to answer it obviously, because I'm doing a podcast right now. So those factors tend to have a lot of value when you're looking at developing strategies.  And another, it just has to do with the quality of companies, you know, and there's various angles that you can look at. One angle you can look at would have to do with the profitability of a company. You know. Are their gross margins strong compared to their assets? Are their gross margins strong compared to their peers? Are your capital efficiency ratios strong? In other words, for every dollar of capital that we invest in this company, that the company invests, how much revenue or profits are they able to generate? So if it's a highly capital intensive company, you know you'd want to handicap that company versus another company. So having high capital efficiency, high profit margins and then having those a solid growth plan or growth profile like I had mentioned, the revisions and the upgrades and the low variability and estimates things like that that tends to help companies. In particular, if you compare how companies that have these characteristics do with larger companies compared to smaller companies, there is a spread historically that you've seen between the performance of these types of investments. So you know how many positions you own and how you construct a portfolio is a huge part of your success as well. But it all starts out with what are you going to invest in.  So one of the things that I like to look at are companies that have this competitive advantage that we talk about and you know it's kind of a cliche, but it is a very real, important part of stock investing and company investing. But the idea of competitive advantages is are they earning above average returns on capital compared to their peers? Do they have some moat around their business that is going to allow them to maintain that? Or there's some preferential client or customer preference that is allowing them to keep that? Or do they have some other barrier to entry or something like that that's going to keep their margins solid? No company has an infinite competitive advantage.  But recently I've been thinking about companies in the property and casualty insurance. They're able to raise their prices in an environment like now and it's been a very good investment as of late, and there's times when people just kind of forget about them, but then you know they all of a sudden. It's like wow, okay, yeah, these are. That's a great business, you know being in the property and casualty insurance business, but anyhow. So the reason why I'm bringing this up is because when you're focused on these types of factors and not just indexing per se, I think you have an advantage and if you have a definite way, one of the things I like to do is to have a kind of a ranking or scoring methodology based on these factors, and the more attractive these factors are the more you invest in a particular investment are the more you invest in a particular investment. And there's various ways that you could do this.  But having more investment in those more attractive companies and making your weights more related to the fundamentals, in other words, having more or less based on the fundamentals, you know, allocating more or less capital based on that versus just a market cap weight. Just, you know, market cap weight is very efficient because it's kind of the collective wisdom of the entire marketplace moving the relative weights. And that's one of the beautiful things about indexing. And whenever you have a very rip roaring bull market, it's very difficult to beat an index mathematically, just because of the efficiency of the way it's calculated. So I have no problem with that. There's a time and place for that, I think, when you have more challenging times.  Being selective is more important and you can in my way of investing, and what I usually recommend as a reasonable way to think about it is to have an active component to your investment strategy as well as a passive component, but not to get overly enamored with passive investing or active investing. If you're going to err on being over enamored, I think it's better to be overly enamored with diversification and strategy. Diversification in a way that is kind of all weather, so that you can invest across various styles. So you know it's interesting because when I was thinking about another conversation I was having with a client and you know there are always many people want to have this definite kind of view. They want you to have a definite view about a specific outcome and I think probabilistic thinking is hard for some people. But I think that is the right way to think about investing and saying it's like handicapping, it's like handicapping horses or if you're into handicapping football teams or baseball players, it's the same kind of concept. It's like money ball. So you basically are working at the probabilities and when you have something that is a fat pitch and that really makes a lot of sense right now, it's important to really allocate priced for perfection right now.  But getting back to these factors, and the reason why I'm bringing this up again is because this is about protecting capital and one of the ways you can protect capital is not by being super defensive with all of your money and throwing it all under the mattress, but you want to keep your money compounding right and accept the fact that you're going to have variability in investments. It's really important because if ever, if you always want to lower your variability right after something has gone down, you're definitely going to be losing and you're not going to do as well as you should. But having more of a steady pace and then to think, make your investment decisions not based upon the vicissitudes of up and down, but more about the fundamentals, then you wind up doing a lot better. And sometimes it doesn't feel good when you're doing that, because there's a difference between what everybody is saying in the media versus what you have to do as a solid investor for the long run. So, as I'm looking at these various strategies, the thing I wanted to bring up was the smaller companies tends to do well. So, as I'm looking at these various strategies, the thing I wanted to bring up was the smaller companies tends to do well.  So many investors are all in the same stuff. They're in the NVIDIAs of the world and all that, and maybe not enough in some of the smaller names that make more economic sense. And then also many people are in large companies that don't have enough competitive advantage. These companies, maybe they're on a tear right now, but they have no competitive advantage. There's other entrants that are coming in, and it's a commoditized business. It's just a business that right now is doing well for some reason, but it's likely to be cyclical and to likely not do well in an economic downturn. And so many.  I think it's important to emphasize more large, larger, medium-sized companies that have a wide boat around their business that you can take reasonable investments in rather than just owning the indexes. And then the other thing I would point out is that there's other investments that are really not related in the fixed income market I think that you can take advantage of, and having some dry powder does make some sense. And just because when you're making these strategy adjustments, it's good to do things incrementally, not to just make massive, drastic changes. So obviously it depends on where you are, but if you are in a situation where you know maybe you just need to do some tweaking to the portfolio so that you could have a better outcome in the long run, and I've been telling people that right now it's time for us to you know, financial planning is important, but right now is a good time to be thinking just about your investments. Get down, roll up your sleeves and get in deep with the investments, not just kind of precursory. You know this. Here's my little pie chart and I'm going to have this.  No, I'm saying what makes economic sense and think bottom up and think diversification and think about, not defense. You want to be on offense all the time but you want to manage the risk as you play offense in a market really always because the key is to keep money compounded, because it's very difficult for you to time a bottom and one of the biggest parts of the returns happen after you've had a drop. The acceleration after a drop is usually much higher than as you're kind of easing your way up and most people miss out on those accelerations because they are trying to time things or they get too aggressive after a move has already been up. So we've had a big move in the equity markets recently, and it wasn't that long ago when we had a little bit of a downdraft and there was nervousness everywhere.  So my challenge for investors today is to stay level-headed and stay focused on allocating your capital based on the economics of what's going on with your investments, and staying with that and not being really about it and thinking more like Benjamin Graham talks about Mr Market. Mr Market is sometimes going to be your friend and it's going to hand you an investment on a platter with a great price and it's a good company. And then other times, and usually when everybody is super excited, mr Mark is going to be over exuberant and be just bidding up stocks and you should be trimming back from those companies and putting them into other things. And that's really the message that I have today, and I really think it's a timely message because, you know, based on not only today's market action but the fact that we've been seeing these trends, you know getting fairly frothy for a while, so it's time to really get back to basics, and so I guess that would be really the title of this presentation here, this podcast, is to get back to basics and to make economic rational decisions for your allocation of capital and not be in a position where you're chasing anything.  All right, that's it for today. I'm in Texas right now and I'll be here for a while just wrapping up some things here, but be back in Denver soon. This is Louis Llanes signing out for the Market Call Show and we'll talk to you later, take care.  For the latest episode of the Market Call Show. Make sure to like, subscribe and follow us on X, formerly- known as Twitter and YouTube.   

Asset prices are near all-time highs for almost everything: real estate, stocks, gold, bitcoin, and more. This is because in a wave of high inflation, investors chase yields. Legendary investor Jim Rogers joins us. Jim gives dire warnings about US debt levels. Meet me and one of our Investment Coaches in-person at FreedomFest in Las Vegas, July 10th to 13th.  I put $1T into perspective. A trillion seconds ago was 31,700 years ago. That's when neanderthals roamed the plains of Europe.  The dollar is a monopoly. The US government has no competition for their product, the dollar. Jim Rogers believes that higher inflation and interest rates are here to stay.  He says: “Before this is over, interest rates in the US are going to go much, much higher.” Resources mentioned: For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Keith Weinhold (00:00:01) -  Welcome to GRE. I'm your host, Keith Weinhold. I'll tell you about a chance to meet me in person. Then we're joined by a renowned and legendary investor for his sage like wisdom on how you should respond to record US debt levels for forecast the future direction of inflation and interest rates, plus a taste of the Singapore real estate market today and get rich education.   Robert Syslo (00:00:27) -  Since 2014, the powerful Get Rich Education podcast has created more passive income for people than nearly any other show in the world. This show teaches you how to earn strong returns from passive real estate, investing in the best markets without losing your time being a flipper or landlord. Show host Keith Weinhold writes for both Forbes and Rich Dad Advisors, and delivers a new show every week. Since 2014, there's been millions of listeners downloads and 188 world nations. He has A-list show guests include top selling personal finance author Robert Kiyosaki. Get Rich Education can be heard on every podcast platform, plus has had its own dedicated Apple and Android listener. Phone apps.   Robert Syslo (00:01:02) -  Build wealth on the go with the Get Rich Education podcast. Sign up now for the get Rich education podcast or visit get Rich education.com.   Corey Coates (00:01:13) -  You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Keith Weinhold (00:01:29) -  Welcome to GRE. From Sydney, Australia, to Sydney, Nova Scotia, Canada, and across 188 nations worldwide. I'm Keith Weinhold and you're listening to Get Rich Education. Why are our values of almost every asset so high? Well, one reason is because we've had that high wave of inflation. When that happens, savvy investors, people just like you, they ensure that money must flow into assets. And that's because you seek a real return above and beyond inflation. If inflation were low, investors wouldn't have to chase yields this way. I've got more on asset values in a moment. But first, on today's guest, legendary investor Jim Rogers, who will hear from as a returning guest here soon in early 2019. So more than five years ago, he told us right here on the show that interest rates are going to go much, much, much higher over the next few decades and that is going to ruin a lot of people.   Keith Weinhold (00:02:32) -  In fact, let's listen into that. Here it is. This is from get Rich education podcast episode 224, which you heard here in January 2019. This is Jim Rogers.   Jim Rogers (00:02:43) -  And interest rates are going to go go much, much, much higher over the next few decades. And it's going to ruin a lot of people.   Keith Weinhold (00:02:50) -  And then from there, he went on to tell us at that time, rising interest rates will set in for a long time. And this was back when the fed funds rate was just half of what it is today in mortgage rates were 4.5% back there in early 2019. So Jim Rogers made that firm prediction even before we knew about Covid. Then. And on that episode, we talked about getting your debt and locking it in. And then two years later in 2021, he was back here on the show to warn us to expect high inflation. Well, we sure got that too. And as you listen to Jim Rogers on today's episode, consider that, you know, he just often speaks with this sort of, I suppose, nonchalance that I think can make it easy to dismiss what he says.   Keith Weinhold (00:03:46) -  But don't do that because countless people have benefited from his guidance for decades. Just like I hope that you do today in the real estate world. Now, agencies agree that the national year over year home price appreciation rate is 6%. That's today per the FHFA, the NAR and Case-Shiller 6% home price appreciation. What about rents? Today, Single-Family rents are up 5%. Nationally, multifamily rents up 2.7%. So why are Single-Family rents growing faster than multifamily rents? Well, it's partly because 2023 saw the biggest surge in new apartment supply since 1987. Yes, that's back when Madonna was the hottest music artist and Reagan met with Gorbachev. But there's less apartment construction this year, so expect a lot of that to get absorbed. Available inventory of Single-Family Rentals is going to stay more scarce than apartments for quite some time, but long term they both expect to be in really great shape. Residential rental demand is sustainable now. Back in 2022, available single family home inventory that was an astoundingly paltry one quarter of what was needed.   Keith Weinhold (00:05:20) -  Well, now it's up to half. Some inventory has definitely been added. In fact, I was recently on television being asked about that. But this still means that demand handily exceeds supply. There's not nearly enough housing, especially on the single family end. And what about those perpetually just around the corner, always, constantly just around the corner, fed interest rate cuts. They keep getting delayed beyond a lot of people's expectations. Well, per the CME's Fed Watch tool, here is the chance given of when the first rate cut will occur by the end of July. 10% September 60th 4%. November 70th 7% December 90th 3%. You know, personally, I think the chances are lower than all of those currently inflation's at 3.3%. But here's the thing. Even when it hits the Fed's target of 2%, that doesn't mean that rates must be cut. All right. That's a reality that a lot of people seem to forget. Now here on the show, not after every quarter, but sometimes when a quarter ends, just like one did a week ago, we take a quick look at other asset class moves outside of real estate in order to get a relative perspective.   Keith Weinhold (00:06:43) -  Some comparison here. If you're listening to this episode ten years from now, this is really going to help mark this era for you to is we do have many listeners that listen to every single episode. The 30 year mortgage rate is near 7%. Now, all these next figures are year to date through the first half of the year. So this is just the performance of the first half. Stocks have soared. The S&P is up 15%. One way that US stocks changed last quarter is the trades are now going to settle faster. Investors will see their purchases and sales finalized in just one day instead of two. Gold is up 13% to over 2300 bucks. Bitcoin up 44%, oil up 16% to $82. And again, that's performance for just the first half of this year. The world's three largest companies Apple, Microsoft and Nvidia have a combined value of over $9 trillion. Now, a company's total value is known as its market cap, and that is simply found by multiplying share price and shares outstanding. By comparison, all the gold in the world is worth 15 trillion.   Keith Weinhold (00:07:54) -  Hey, if you're familiar with an event called Freedom Fest, I have some cool news for you. It's an annual conference that. How would I describe it? Well, I haven't attended it before, but there you can learn to expect more about free thinking and ideas about the size of government. Well, it starts in two days. It's July 10th to 13th in Las Vegas. You can meet one of Gre's investment coaches in person there and you can also meet me. Yes, we'll both be there. If you see us, be sure to say hi. We'd both like to meet you. Hashtag IRL in real life, some of the Freedom Fest speakers include our frequent great guest, Robert Kiyosaki, as well as some other guests that you've heard with me here on the show. Also, Steve Forbes, Iced Tea, the comedian Rob Schneider, Nevada Governor Joe Lombardo, Whole Foods founder John Mackey and the congressman that wants to end the fed, Thomas Massie and more. They're all speaking. So yes, not a lot of notice, but if you're going, it's a way to meet me in real life, perhaps just in a casual way, in two days at Freedom Fest.   Keith Weinhold (00:09:08) -  Well, it is public information that the net worth of this week's guest is $300 million. He's been influential for a long time. Let's talk to legendary investor Jim Rogers. This week's guest needs a little introduction. He is a legendary business and investing mogul of our time. He's a Yale educated, prolific author. He co-founded the Quantum Fund, and he even has his own commodities index and ETF. He's also a prolific traveler. He wrote a very well known book about his world travels, visiting some 116 nations. Hey, welcome back to gray. It's Jim Rogers.   Jim Rogers (00:09:51) -  I'm delighted to be here. Okay, let's get rich. I need to get rich. I want to get rich.   Keith Weinhold (00:09:56) -  Hey. Well, your guidance helps us do that. That's why you're here. And Jim is joining us remotely from his home nation city of Singapore today. And it's always interesting syncing up our times of day here. Jim, where to begin? You've been with us here. I think this is the fourth time you're here and about the last five years, and we're at a time when asset prices of seemingly everything are near their all time highs, maybe even in their inflation adjusted all time highs in some cases.   Keith Weinhold (00:10:25) -  What are your thoughts with asset price levels?   Jim Rogers (00:10:29) -  Keith. You it's very perceptive of you and insightful. Yes. This is one of the few times in world history that I know about where nearly everything is making new eyes. I think China is probably the only country. It's not making new eyes, but nearly everything else is. Now it's wonderful. It's great. A lot of people are having a lot of fun, but unfortunately, I've been around long enough to know that when things get this good, when everybody's having so much fun, we're getting closer to the end. I am not selling short or anything yet, but I see the signs that this is going to come to an end, as it always does, and it's going to be a mess. And the reason this is going to be a big mess this time. You remember what happened in 2008 because of too much debt each. That's 2009. The debt everywhere has skyrocketed. I mean, even China has a lot of debt now. China bailed us out before, but everybody has a lot of debt now.   Jim Rogers (00:11:31) -  Maybe not North Korea, but everybody else does.   Keith Weinhold (00:11:34) -  And that sure includes us. I mean, we have these asset prices at all time highs. Yet here we are, still the largest detonation in the history of the world in the United States now at 35 trillion. And we're spending dollars on others wars, something that we couldn't say when you and I talked a few years ago. The biggest line item of our national budget anymore is about $1 trillion in annual interest payments alone in. Jim, we're really on this course now where soon the US annual tax receipts won't even cover the interest payments on our debt, and we may have to borrow just to pay the interest. So where do we reach the breaking point here? With this world in debt led by the United States?   Jim Rogers (00:12:20) -  You one makes some very good points. Unfortunately. I wish you didn't. I wish you couldn't make those points right. It's simple arithmetic. Just look at the numbers. And the numbers you recite are just what they admit, what they write.   Jim Rogers (00:12:34) -  There's a lot of off balance sheet debt that they don't even talk about. I mean, the numbers, if you try to get out of pencil on a piece of paper, you will realize that the market can never pay this debt. Never. Countries that have gotten into this situation in the past have had big problems. Now it's a good time to be an old American. I don't have to worry about all this for too many years, but I have young children. Oh my gosh. The problem is that their country is going to face in their lifetime. I was staggering. You look back at previous countries that have done this kind of thing. In the 19 to 100 years ago, Britain was the richest, most powerful country in the world. 50 years later, it was bankrupt. IMF had to fly to London and pay their bills. It wasn't fun. It was terrible what Britain went through. But other countries have done the same thing. Maybe we don't like what I'm saying or what's happening, but just read the history and you will see how it winds up.   Jim Rogers (00:13:38) -  I certainly don't like it, but I have to deal with facts. If I don't deal with facts, I'll go bankrupt. To which I don't want to do.   Keith Weinhold (00:13:48) -  Yeah, sometimes let's laugh to keep from crying. Right? When you talk about how certain government figures are just what the government is willing to admit to, I think that's the right lens to look through. When you look at any government figures. Well, at least that's the part that they're willing to admit to. It's interesting that they're willing to admit to this is interesting that they're willing to admit to 9% inflation like we peaked at two years ago. But when you talk about the future and this huge debt load and children or grandchildren, could austerity be part of it, something that's very politically unpopular. But if we lived in an austere state, wouldn't that really be sort of like the downfall of the American empire at that point?   Jim Rogers (00:14:30) -  Well, that's what happened to the British. As I said 100 years ago, they were the richest, most powerful country in the world.   Jim Rogers (00:14:36) -  There was no number two. Then if two years later, completely bankrupt, I happened to be in England during part of that time and it was a mess. Wretched. So I don't like saying any of this, but I have to deal with the reality and the numbers you cite or what they admit. You know, the numbers are much worse. I don't know if anybody in Washington really knows. I don't even know if they care enough to check to see how bad things are. But every time a someone from Washington, a politician or a bureaucrat says something, they say, don't worry, everything's okay. We have a Janet Yellen who's a secretary of the Treasury. Are you or two ago said, don't worry, we have everything under control.   Keith Weinhold (00:15:20) -  Reassuring isn't it? Not really.   Jim Rogers (00:15:22) -  Oh my gosh. He's got a couple of fancy Ivy League degrees, but she still says, don't worry, it's okay. Well, I worry, I'm probably not as smart as she is, but I worry.   Keith Weinhold (00:15:36) -  Well, it's interesting that you bring up the fact about the things that we don't know and these numbers, these debt levels and even the deficit gets so big, we're just throwing around this word trillion anymore.   Keith Weinhold (00:15:48) -  For some perspective, I happen to know that 1,000,000,000,000 seconds is 31,700 years. In order to help put this into perspective, well, 31,700 years ago, that's just about as far back as when the planes of Europe were being roamed by Neanderthals. That's 1,000,000,000,000 seconds ago. And again, we are $35 trillion in debt, and we have a deficit of at least $1 trillion. The annual thing.   Jim Rogers (00:16:21) -  I'm glad you're putting some perspective on this, but I don't need it. I know it's a staggering whatever number you want to look at, whether it's the one they report or the one that's they hide whatever it is, I know, because I can add and subtract. I know that America has a gigantic problem that is going to end up like every other country that's done this sort of thing. It's going to end up badly. America is going to lose its status, not this month. Don't worry. July is okay. But no, I can read, I can add, I can subtract. I know how it's going to wind up.   Jim Rogers (00:17:02) -  It's not good for young Americans.   Keith Weinhold (00:17:06) -  I mean, we think of the fall of the Roman Empire. You bring up the UK. The UK is still part of the G7, but they're no longer the one predominant power in the world. Jim, when I look at history and I think about sort of the powers that be and how they create and debase the currency, and how those problems percolate into so many parts of the society. I think if the United States is basically they have a monopoly on creating currency, and I just wonder if that's part of the problem. Lennar builds houses, but they have competition from KB homes. John Deere makes tractors and they have competition from New Holland. Heinz makes ketchup and they have competition from hunts. See, when there's competition, there's sort of this incentive to produce quality and provide others with value. But since the U.S. has no substantial competition to the dollar, I wonder if we can think of this as a de facto monopoly from its dilution of the purchasing power of the dollar.   Keith Weinhold (00:18:06) -  Its quality is suffering because the dollar doesn't have any substantial competition. So I guess what I'm leading up to, what I'm getting at, is we think about currency creation as a de facto US monopoly. I mean, does the government have to be the exclusive money printer where all this just ends up in the debt column here?   Jim Rogers (00:18:24) -  You raise some very good points. But back to the first main point. The main point is there is no way that America can ever pay these debts except by default, Which is one horrible way. Or by printing gigantic amounts of money, which is another horrible way. This is not the first time countries have done this. If you just go back and look, it is never ended well. Never ended well. Yes, England is still there, but nobody thinks about England the way they did 100 years ago. And nobody in England lives like they did 100 years ago, and many people left. I don't know what's going to happen to the US, except I know it's not going to end well because I can add and you can add and subtract.   Jim Rogers (00:19:15) -  I wish we could subtract. There's nothing to subtract because the debt just keeps high and higher and higher. And the numbers are very simple. If you get out the amount of debt we have and see the possible income, it just doesn't work. If you have fifth grade education, fifth grade arithmetic, you know it doesn't work.   Keith Weinhold (00:19:39) -  Jim, I don't know if you remember this, but the first time you were with us, it was January of 2019. That was more than five years ago. And at that time you said interest rates are going to go much, much, much higher. That was your direct quote, three matches. And you said that it's going to ruin a lot of people. And here we are with a lot of people ruined in the commercial real estate world and the apartment syndication world and so on. So if you continue to think there's going to be more currency creation to make it easier to pay back our debt, does that mean you believe that higher interest rates and higher inflation are going to be a persistent condition, say, just till the end of this decade, which is about another five years? What do you think about inflation and interest rates for these next five years?   Jim Rogers (00:20:27) -  I know that in Washington they will print money.   Jim Rogers (00:20:31) -  That's all they know. They want to keep their jobs. They don't care about you. I don't care about any of us. They care about keeping their job. And they will do whatever they have to to keep their job the easy way. Now, the proper way, of course, is to buckle up, buckle down, and start doing something about the rendus situation we were in. They don't care. They think they'll be gone by the time those times come, if they're ever coming, and they will say, but we're America. We cannot have problems like that. Well, that's what the British said, too. Once upon a time. And as I say, there was no number two to the British. They were that power. They were that much on top. It's not that I don't like saying. I don't like thinking it. I don't like living with it. But I do hope I can prepare so that I don't go down the tubes like some other people will. But I may just do the arithmetic.   Jim Rogers (00:21:32) -  It's very simple. The numbers just cannot work. I didn't say the numbers do not work. I said they cannot work because the situation is that dire. They can hold it off for a while by printing money. Great. But then not for you and me. Certainly not for our children.   Keith Weinhold (00:21:51) -  I think that's all they're going to keep doing. That's the most expedient way to do it, to keep printing any politician that proposes austerity. And you having soup for breakfast, lunch and dinner is not very likely to get re-elected. Does that mean in the next five years you foresee historically elevated interest rates and inflation, which is basically where we actually still are now?   Jim Rogers (00:22:14) -  Well, of course I do. I mean, there's the market. The problem is right now the central banks still think they're in control, and they pretty much are. But there will come a time. And there always has in history when the market says, wait a minute, we know you're lying. We know this cannot work. And then when the market takes over and the market starts setting interest rates and other conditions, that's called disaster.   Jim Rogers (00:22:41) -  That's a real, real serious problem. The market will know how bad things are, and the Treasury secretary can sit there and say all day long, don't worry, don't worry. We have it under control. And the Marquis will say, thanks, but we know better.   Keith Weinhold (00:22:59) -  Well, we've got more coming up with Jim, including. He spent some 60 plus years abroad. I want to learn more about what he thinks with living and traveling so much about the United States. You're listening to get Rich education. Our guest is legendary investor Jim Rogers. When we come back, I'm your host, Keith White. Hope your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4%, you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk. Your cash generates up to an 8% return with compound interest year in and year out. 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Start at Ridge Lending group.com Ridge lending group.com.   Speaker 5 (00:25:08) -  This is The Real World Network's Kathy Petke, and you are listening to the always valuable get Rich education with Keith Reinhold.   Keith Weinhold (00:25:26) -  Welcome back to get Rich. university. So we're talking with investing mogul legendary Jim Rogers.   Keith Weinhold (00:25:32) -  He's joining us from Singapore today. He's joined us a few times over the past five years. And with what he said in what's coming, he's really been remarkably accurate. Sometimes he just gives a pretty casual delivery, but you really want to listen in to what he's saying. A lot of people have hung on his every word for decades here. And Jim, part of that is all your worldly experience. From so many of your travels and visiting over 100 nations. I've only visited about 35 so far myself. What do you think that we can learn about the United States from living and traveling abroad?   Jim Rogers (00:26:07) -  First of all, I used to tell you I have made many mistakes in my life. I don't think I don't know how to get things wrong. I have many times. But yes, living abroad, I certainly even traveling abroad is an eye opening experience. It's a fabulous education. Rudyard Kipling, who won the Nobel Prize for literature, once had a line and a poem. The name of the poem was The English flag and the lion was.   Jim Rogers (00:26:36) -  What can he know of England? Who only England knows. One is you'll know a lot about your own country if you know about the rest of the world. And you will you. If you go to country X and you see they eat different food or wear different clothes, it'll make you realize a lot about America. So my point is it's a fabulous education to see other places. I don't know if it's helped me. I in my view, it has helped me a lot to understand the world and to understand other people.   Keith Weinhold (00:27:11) -  Now, in my international travels, which are a fraction of yours, a lot of times I get a reminder that life in the United States is still pretty clean and efficient. We have an abundance of potable water all the way to an amenity like fast Wi-Fi. And you know if someone abroad is traveling in the United States, they get to experience those things, and they probably don't even realize or understand that we're the greatest detonation in the history of the world. It's actually pretty difficult to know.   Jim Rogers (00:27:40) -  There are signs that even those travelers will see. If you go to JFK airport, you will see the huge difference in JFK and say, the Japanese Narita Airport. You know your intuitive world when you visit some international airports outside of the US. But it's not just that America. Five star hotels do not compare with five star hotels in other countries. Listen, I don't like any of this because I have to live it. But the facts are. Yes. And you make a very good point that most people do not notice or does not affect them much at all if it affects them at all. But that just makes the eventual problem worse, because it hits us out of the blue and we don't know what happened. At least if we're worried, we can prepare. But you know, if you ride down the highway, most people think everything. It's okay. This is a nice interstate layout of potholes. They think everything is great. I hope that this all changes. I hope I'm wrong, but I have seen enough to dough that it's not going to end well.   Keith Weinhold (00:28:55) -  Tell us about where you've lived for a long time. I mean, you come from the United States, but you've lived abroad for a long time. You've been there in Singapore for a while. Singapore, which is a place I haven't traveled to, has a reputation for being prosperous and enterprising in a really clean place. So will you tell us a little bit more about why Singapore is prosperous, including what its real estate markets like?   Jim Rogers (00:29:20) -  Singapore is a tiny country. There are only 5 or 6 million people here. So yes, it has been a remarkable success story. It's probably been one of the greatest success stories in the world in the past 40 or 50 years. It still amazes me to see how efficient and how well everything works here. And they don't have yet the getting debt now, but they don't have the staggering debts that some other countries do. I mean, Japan, America. You look at some of the great success stories that come to people's minds. Japan did it by borrowing staggering amounts of money.   Jim Rogers (00:29:57) -  Every day, the Bank of Japan borrows huge amounts of money it's going to have a problem to someday. I mean, it's just very simple. I don't want it to sound like some crazy fear monger, but I can read. And I know how this is always wound up. Now there's some very exciting and successful places in the world. And if you go to some parts of the United States, you say, oh my gosh, what a wonderful place. And it is. But underneath seems to me that there are problems developing. If you come to Singapore, you'll say, oh my gosh, and I'm not the only one who knows it all. The international surveys show that Singapore is one of the very top.   Keith Weinhold (00:30:42) -  Now in Singapore, is it more of an owner society where most of the residents own the home they live in or like you find in a lot of urban areas? Is there a disproportionately high amount of renters there in Singapore?   Jim Rogers (00:30:55) -  Over 80% of the people at Singapore own their own home.   Jim Rogers (00:31:00) -  The guy who set out to build Singapore new and he especially because in his lifetime there had been a lot of riots in Asia. And he somehow knew that if people own their own home, they had a huge stake in the country, right? Had a reason to make sure, to try to make sure everything went well. So in this country, over 80% of the people own their own home. Yeah, he may have a mortgage, but still they own their own home. That's part of the reason for the success. I mean, for what it's worth, I'll also tell you he was a huge believer in education. He made sure that everybody spoke at least two languages. I mean, he knew what it took to be successful and he did it. Yeah.   Keith Weinhold (00:31:49) -  Homeownership is generally good for communities like you touched on. You just have more of a stake in making sure your neighborhood stays quiet. Or you might show more interested enthusiasm in new clean mass transit coming into your area. You're more likely to be a voter when you own your home, and so on.   Keith Weinhold (00:32:06) -  So sure, that gives the residents a more vested stake in their own community, which is good for everybody. Does Singapore have one problem that we have here with United States housing? Do you have any idea if there's a substantial housing shortage there in Singapore, like we're seeing in so many places?   Jim Rogers (00:32:21) -  Do not shortage in the sense that you probably mean it? Yes. At times prices go high because there's not an abundance of housing and people keep moving to Singapore because it has been a successful place. So no, it's not like many places that we both know, but there are more immigrants coming here. The population is rising and they got a little somewhere. Yes, people are building homes and so it's not a gigantic problem at the moment. Can it be? Yes, of course it can be. And maybe it will be someday, but not at the moment. One thing I'll quickly say. Many societies, many countries, have a saying that families go from rags to rags and three generations. And there are many reasons for that.   Jim Rogers (00:33:11) -  So social reasons. I will point out that Singapore is now on its fourth new government. So maybe if human wisdom is correct, maybe Singapore is going to have some problems in the future. You don't see them now. They might though.   Keith Weinhold (00:33:28) -  Well, that's an interesting way to think about it. We've talked about problems in a few nations, Jim. I wonder, do you see there being a bright next up, incoming nation because you have this relative perspective from all your travels.   Jim Rogers (00:33:43) -  There are places that are trying to change and do better. Yet, Nam is a perfect example. I mean, what a nightmare it was 40 or 50 years ago. Right now it's on the rise. South Korea is one of the most successful, prosperous nations in the world. And in 1970, North Korea was richer than South Korea. That, of course, is not true anymore. So countries can change and can develop. And it has worked. I'm interested in Uzbekistan now, in Central Asia. It was ruined by the communists.   Jim Rogers (00:34:20) -  over 600 years ago. Uzbekistan conquered a lot of the world. I mean, then the communists came along and ruined it. But now they're changing again. So there's always somebody on the rise, and I'll be somebody on the decline. That's key, of course, is to be in the place where things are getting better, not getting worse.   Keith Weinhold (00:34:42) -  With that in mind is we're about to wrap up here. Jim, you know, I like an actionable takeaway for the audience. And before I ask you that, if I can share with you what we do here in a nation and a world of expanding debt, Grey's take on debt here is the way that we can borrow large amounts prudently and get our own debt is to buy income producing real estate. If you borrow more, you can only control more and both inflation and tenants passively debase your mortgage debt for you, which enriches that borrower as long as they can control their cash flow. So really, that's one thing that we're doing to play things here in a world of inflation.   Keith Weinhold (00:35:25) -  What are your thoughts with that? Or if you think that there's something else that the everyday person can really do to protect themselves in the future.   Jim Rogers (00:35:33) -  It's pretty clear that there have been, if you understand that and if you manage it properly, oh my gosh, you can become unbelievably successful and unbelievably rich. The proper words are though, if you handle it properly. History also showed that many people have been ruined by debt, so I hope that everybody understands that debt is not as simple as it looks, but if you handle it properly, oh my gosh, the returns and the rewards are huge. And yes, there are many, many throughout history, throughout the world, many people that made gigantic fortunes from property, from real estate. So I hope you're doing it right. I hope all of your viewers are doing it right. It's not as easy as it looks, but it can lead to great success and great disaster. So yes. Don't stop. Make sure that everybody understands the potential problems and the potential rewards and they don't get overextended.   Jim Rogers (00:36:37) -  Oh my gosh, you'll be very, very rich.   Keith Weinhold (00:36:40) -  Yeah, that's a little bit like fire. If used inappropriately, could burn down your house. But if you know how to use fire, you can cook meals for the rest of your life. Do you have any last thoughts overall, anything you'd like to share? Anything we really want to know?   Jim Rogers (00:36:54) -  I will tell you again that before this is over, interest rates in the US are going to go much, much higher. The debt is staggering. It is just whenever I look at the numbers and think about them, it shocks me, stuns me because I know it's going to lead to huge, huge, huge problems. But the people who are aware and understand what's happening and thrive. So this is not some kind of disaster for everybody, but some people will do extremely well. I hope that everybody you know does extremely well.   Keith Weinhold (00:37:31) -  Well, Jim Rogers, it's been a pleasure hearing from you again. As always. Thanks so much for coming out of the show.   Jim Rogers (00:37:37) -  My pleasure. I hope we can do it again sometime.   Keith Weinhold (00:37:45) -  Oh yes. It's good to get the bigger picture. Sage like wisdom. I'm not sure if you caught it early in the interview, but Jim is not selling short. That means he's not betting that stocks are about to take a big fall. He expects even higher interest rates when it comes to America's swelling debt. Most agree that they're just going to keep inflating their way out of it, rather than default on it. I do, too, but consider that the US actually does have a history of defaulting, like in 1971 when we told the world that you can no longer redeem our debt, IOUs for your gold, that there was defaulting on a promise, we weren't going to give them the gold anymore. Singapore is still growing fast. In fact, it's averaged about 2% annual growth over the last decade. If you discard pandemic aberrations, the value of the median Singapore condo is $1.7 million, and it is 1000ft² in size. That sort of makes you think about New York City real estate.   Keith Weinhold (00:38:52) -  And in fact, I had a trip planned to Singapore in February 2020. It was a cruise, but I didn't go. That part of the itinerary got cancelled. If you remember, Covid heated up in Southeast Asia early on, so I ended up spending more of that trip in India and Dubai. As it turned out, with our accelerated expansion of the supply of dollars that have been created since 2020. Here's one result today, more than 43% of Americans have been forced to cut back over the past year, and nearly 20% have had to borrow from family or friends in order to make ends meet. And you know when politicians brag about government funding. Just remember this. They're actually expecting you to give them credit for spending your money. That's what that means. And unfortunately, no one is immune from Congress's spending, which can be reckless at times. If you don't pay for something with taxes, then you pay for it with inflation. And that's exactly the type of issue that we expect to study on at Freedom Fest, where I might be fortunate enough to meet you in two days.   Keith Weinhold (00:40:10) -  Big thanks to the iconic Jim Rogers today. His website is Jim rogers.com. Coming up on the show here in future episodes soon, we're going to discuss a few components that add value to your residential real estate that really don't get discussed very often. Garages and also the vacant land that your property sits on. Also, the King of Commercial real estate is set to make his Get Rich Education debut. We'll learn about commercial real estate turmoil and the commercial sectors that higher interest rates have blown up. Well, hey, do you have family or friends that are into investing or real estate? I love it when you hit the share button on your podcasting device or whatever platform you're listening on. Everything that we do here is free, and the share button really helps the show. And be sure to follow or subscribe to the get Rich educational podcast yourself if you haven't already. Until next week, I'm your host, Keith Reinhold. Don't quit your daydream.   Speaker 6 (00:41:19) -  Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice.   Speaker 6 (00:41:29) -  Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss the host is operating on behalf of get Rich education LLC exclusively.   Keith Weinhold (00:41:47) -  The preceding program was brought to you by your home for wealth building. Get Rich education.com.

In this episode of our podcast, Jaime Hunt is joined by Patricia Maben and Jim Rogers from 3 Enrollment Marketing to discuss the transformative power of the experience economy within higher education. Patricia and Jim provide actionable advice for institutions to reimagine their approach to student engagement, emphasizing the importance of every interaction on campus from the classroom to extracurricular activities.Topics discussed in this episode include:how institutions can create memorable and effective experiences that go beyond traditional recruitment methods.innovative strategies to enhance campus tours, engage students, and ultimately, increase retention and success rates. examples of schools that excel in creating dynamic environments that captivate students.the challenges and opportunities presented by the current shifts in higher education, including the need for schools to adapt to the rising expectations of the experience economy. Guest Names:Patricia Maben, President and Co-Founder of 3Enrollment MarketingJim Rogers, CEO and Co-Founder of 3Enrollment MarketingGuest Social: Patricia Maben - https://www.linkedin.com/in/patriciamaben/Jim Rogers - https://www.linkedin.com/in/jamesrogers2022/Guest Bios: Patricia Maben - With 30 years of professional experience in higher education, it is Patricia Maben's passion to support colleges and universities through the success of their students from recruitment to graduation. Her career in enrollment management has been fueled by the recognition, experience, and satisfaction that higher education has a transformational impact on individuals, communities, and society. She has served as an on-campus enrollment practitioner, an enrollment marketing consultant, and as a builder of innovative enrollment marketing solutions. Patricia is a subject matter expert in recruitment marketing. She co-founded 3 Enrollment Marketing to address the need she saw for a better solution in helping enrollment leaders meet student needs while also managing the growing complexities of recruitment.Jim Rogers - James (Jim) Rogers brings three decades of experience in modern marketing strategy and execution to the helm of 3 Enrollment Marketing. He has a unique ability to foresee future trends and evolve with technology—while always keeping it connected to core goals and strategy. Jim is passionate about the power of higher education to transform individual lives and society, and he brings his experience in harnessing the power of modern marketing to advance the cause of higher ed. - - - -Connect With Our Host:Jaime Hunthttps://www.linkedin.com/in/jaimehunt/https://twitter.com/JaimeHuntIMCAbout The Enrollify Podcast Network:Confessions of a Higher Ed CMO is a part of the Enrollify Podcast Network. If you like this podcast, chances are you'll like other Enrollify shows too! Some of our favorites include Talking Tactics and Higher Ed Pulse. Enrollify is made possible by Element451 — the next-generation AI student engagement platform helping institutions create meaningful and personalized interactions with students. Learn more at element451.com. Connect with Us at the Engage Summit:Exciting news — Jaime will be at the 2024 Engage Summit in Raleigh, NC, on June 25 and 26, and we'd love to meet you there! Sessions will focus on cutting-edge AI applications that are reshaping student outreach, enhancing staff productivity, and offering deep insights into ROI. Use the discount code Enrollify50 at checkout, and you can register for just $200! Learn more and register at engage.element451.com — we can't wait to see you there!

Markets , Economics and Insights Looking to learn from one of the greats – GOAT! This episode's guest: Jim Rogers - The Investment Biker Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator, adventurer, and successful international investor.  He has been frequently featured in Time, The Washington Post, The New York Times, Barron's, Forbes, Fortune, The Wall Street Journal, The Financial Times, The Business Times, The Straits Times and many media outlets worldwide.  He has also appeared as a regular commentator and columnist in various media and has been a professor at Columbia University. After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership.  During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%.  Rogers then decided to retire – at age 37.  Continuing to manage his own portfolio, Rogers kept busy serving as a full professor of finance at the Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS's 'The Dreyfus Roundtable' and FNN's 'The Profit Motive with Jim Rogers'. In 1990-1992, Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records.  As a private investor, he constantly analyzed the countries through which he traveled for investment ideas.  He chronicled his one-of-a-kind journey in Investment Biker: On the Road with Jim Rogers.  Jim also embarked on a Millennium Adventure in 1999.  He traveled for 3 years on his round-the-world, Guinness World Record journey. It was his 3rd Guinness Record.  Passing through 116 countries, he covered more than 245,000 kilometers, which he recounted in his book Adventure Capitalist: The Ultimate Road Trip.   Check this out and find out more at: http://www.interactivebrokers.com/ Follow @andrewhorowitz Looking for style diversification? More information on the TDI Managed Growth Strategy - HERE Stocks mentioned in this episode: (SPY)

Investment Legend Jim Rogers joins us on Soar Financially for a riveting conversation about geopolitics, market predictions & timing, gold pushing silver to new all-time highs, agriculture investments & much more. #silver #gold #investing ------------ Thank you to our #sponsor MONEY METALS. Make sure to pay them a visit: https://bit.ly/BUYGoldSilver ------------ Guest: JIM ROGERS Recording date: June 5th, 2024 ---------------------

In this episode of Money Tales, our guest is Graham Rowan. In the 1990s when Graham's career was taking off, he started accumulating wealth and not having the time to manage it. A colleague referred him to a financial advisor. Graham trusted this advisor, who promised to navigate the complexities of the market on his behalf. As the dot-com bubble swelled, so did Graham's investments, which were concentrated in the euphoria of the NASDAQ wave. As Graham tells us, he would go to bed at night and wake up richer. As the market continued to rise, Graham questioned his advisor's approach to his portfolio, only to be reassured of the market's invincibility. "Don't you recognize a minor correction in a raging bull market when you see one?" the advisor quipped. The tide turned and Graham found himself adrift, as his portfolio was hemorrhaging value. And just like that, the advisor cut Graham loose because his portfolio dwindled below the firm's minimum required amount. Graham is an international speaker, TV presenter and author who has worked with high net worth investors and family offices for more than a decade.  His mission is to enable private investors to cut through the noise and misinformation prevalent in the financial services world so that they can create and protect multi-generational wealth. In recent years his mission has seen him speak at the United Nations in New York, Harvard Business School in Boston and both houses of Parliament in the UK. At the World Wealth Creation Conference in Singapore Graham shared the stage with billionaire investor Jim Rogers and business guru Brian Tracy. Graham chairs Beaufort Private Equity, a global network of over 500 high net worth investors and family offices in 37 countries. As well as providing educational content and market analysis its members, the Beaufort team provides direct equity investment opportunities in fast growing privately held companies and a mix of bonds and loan notes combining above market returns with strong asset-backed security.  He also sits on the advisory boards of a digital assets hedge fund and an international digital marketing agency. Graham has fronted three series on Sky TV, Make Your Money Work, Finding Financial Freedom and Money & Me. In March 2024 he will publish his fourth investment book, Diary of a High Net Worth Investor. During 2024 he will speak at events in Dubai, Singapore, London, New York, the Cayman Islands and Riyadh.

Today on The Jay Martin Show, Jay is joined by Jim Rogers, a world-famous investor, best-selling author, and Guinness Book of World Records holder. Jim shares his unique perspectives on the current global conflicts and their impact on investment opportunities. With decades of experience traveling and investing worldwide, Jim discusses where he sees emerging opportunities, the future of the US dollar, and his views on commodities like gold, silver, and agricultural products. He also touches on the economic outlook for China, the potential of countries like Uzbekistan and Indonesia, and the importance of perseverance in investing. Jay Martin University: http://jaymartinuniversity.com/ Sign up for my free weekly newsletter at https://jaymartin.substack.com/subscribe Be part of our online investment community: https://cambridgehouse.com https://twitter.com/JayMartinBC https://www.instagram.com/jaymartinbc https://www.facebook.com/TheJayMartinShow https://www.linkedin.com/company/cambridge-house-international Copyright © 2024 Cambridge House International Inc. All rights reserved.

This week, RLA Radio features an interview with investor and author Jim Rogers, where he talks with your host, Dennis Tubbergen, about his views on the global economy, suggesting that the current economic boom, fueled by massive borrowing and government spending worldwide, will not last forever. He expressed concern about the staggering amount of debt…

Gregor Gregersen founder of Silver Bullion Pte. Ltd. in Singapore has a candid conversation with renowned investor Jim Rogers. The two expats which call Singapore home openly talk about the problems with global currencies, the U.S.debt, and about wealth protection. This and more coming to you from The Reserve and in what might be the world's largest silver vault!

► Download our App to invest in innovation: https://optothemes.onelink.me/BZDG/ti2lb2fdToday, we are privileged to welcome Jim Rogers, investing legend and co-founder of the Quantum Fund, which famously returned 4200% over just 10 years.In this episode, Jim discusses the overexuberance that he believes is ramping up in global markets in 2024. One exception to this trend is China, which is going through a period of “despair” following its real estate bubble.Jim also mentions why he's investing in countries like Uzbekistan before sharing insights into his long/short investment strategy and the key qualities of a successful investor.  Enjoy! ► Disclaimer: https://optothemes.com/disclosures

¿Quién es Jim Rogers?Se trata de uno de los inversores más exitosos de la historia.Parte de tu reconocimiento viene por su vinculación con George Soros para la creación del reputado Quantum Fund, donde lograron una rentabilidad del 4.200 % en siete años.En este vídeo, conocerás todos los detalles sobre su infancia, educación y vida laboral, la cual se inició en la prestigiosa firma de inversión Dominick & Dominick LLC.Más adelante, este poco conocido y, a la vez, interesante inversor originó el famoso Rogers International Commodity Index (RICI), que se trata de un índice internacional de materias primas.En realidad, “se trataba”, pues hoy en día ya no está disponible.Jim Rogers también es famoso por sus viajes en moto por todo el mundo.¡Incluso batiendo un récord Guinness!¡Te encantará descubrir todos los entresijos de su historia, la cual es verdaderamente inspiradora para muchos!¿Te gustaría saber cómo descubrí yo misma a Jim Rogers?Lo hice a través del libro que precisamente te resumo en este vídeo:    •

Jim Rogers, a well-known investor, author, and financial commentator. He is the co-founder of the Quantum Fund, a hedge fund that achieved an impressive record of returns, and the author of “The Investment Biker”. In this episode, you will learn:

Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Get on the waiting list and join us for the next Nomad Capitalist Live: https://nomadcapitalist.com/live/ Are you ready to uncover the next big investment opportunity? Join us as we dive into the dynamic world of Uzbekistan, a Central Asian nation captivating the attention of investors worldwide. In this video, we explore the insights shared by legendary investor Jim Rogers and examine why Uzbekistan is gaining momentum as the ultimate frontier market. Whether you're considering stock investments, real estate ventures, or entrepreneurial endeavors, Uzbekistan offers a wealth of opportunities waiting to be explored. Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home. Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We've also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far. If you're looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson's Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

Sign-up for my free 20-day devotional, The Word Before Work Foundations, at http://TWBWFoundations.com--Series: The Most Excellent WayDevotional: 2 of 5I will show you the most excellent way…love is kind. (1 Corinthians 12:31, 13:4)If you had to describe Fred Rogers (of Mister Rogers' Neighborhood fame) in a single word, it would likely be kindness—a virtue he learned from his father.According to Fred's biographer, Maxwell King, Jim Rogers made it a habit to “walk through the rows of manufacturing machines,” in his businesses, “addressing each employee by name, inquiring about their work and about their welfare.” Those inquiries helped Jim Rogers discover financial pain in the lives of his employees, which he frequently offered to alleviate. When Jim died, his journal recorded “thousands of ‘loans' that were never collected.”The kindness of Fred Rogers's father led to extraordinary acts of kindness of his own—stories of which have literally filled many books. So it should be with us. As we meditate on the kindness of our Heavenly Father, it should lead us to model that same kindness to those we work with as this is part of “the most excellent way” Paul is calling us to in 1 Corinthians 12-13.We know what kindness looks like. The challenge for us busy professionals is seeing the needs of those who need kindness the most. How can we spot opportunities to show God's kindness to those we work with? Here are three ideas.#1: Ask co-workers about their welfare—not just their work. See Jim Rogers as Exhibit A.#2: Schedule one-on-ones where work is the only thing not on the agenda. If you're a leader in your organization, consider borrowing this practice from my friend Sean Kouplen, CEO of one of the fastest growing banks in America. As Sean shared on my podcast, managers at his bank are required to spend 30 minutes with every direct report every week just to check-in on them personally. These meetings are crazy costly by the world's standards, but crazy valuable by God's, as they unearth tons of opportunities to show kindness to those in need.#3: Refuse to hurry. It's impossible to show kindness without first seeing a need for kindness. And it's impossible to see a need for kindness when you're constantly in a rush (see Jesus, Jairus, and the hemorrhaging woman as case-in-point in Mark 5:21-43). Want to spot opportunities to show kindness to your co-workers? Budget plenty of margin into your day.Jesus said the world will know that we are his disciples, not by what we say we believe, but by our love for one another (see John 13:35). Find one opportunity to show your love of Jesus by demonstrating uncommon lovingkindness to a co-worker today!

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It's the Friday news roundup! Attorneys released police body camera and cell phone footage from the night Pittsburgh police officers repeatedly tased Jim Rogers in 2021. The 54 year old died shortly after. City Council is proposing a tiny home village as one possible solution to houselessness, and the city's free spay and neuter program is being paused because of suburbanites. Plus, there's a new full-time emergency medical training program for city residents that pays homage to the city's past. We always cite our sources: Jim Rogers was 54 in October 2021 when he died shortly after an interaction with police, which led to several officers receiving disciplinary action, and a few firings, though a few have since returned to work. The city settled a lawsuit with the family for $8 million. A law firm representing the Rogers' family released body camera and cell phone footage this week. WESA's Kiley Koscinski explains why that's so unusual, and why it may not happen again.  Also in 2021, WHYY reported that “While Pennsylvania's restrictions on police footage aren't necessarily worse than other states, advocates say access could and should be improved.” All states have right-to-know laws, but here in PA, there's a carve out for law enforcement footage under Act 22.  There's a proposal for tiny homes as a solution for homelessness in the works, and Pittsburgh City Council members showed off a prototype of what a home could look like. Wondering what tiny homes look like in other cities? Here's how a large community has impacted homelessness in Austin. In November, a bill was introduced in Council that would create a zoning use called a “Temporary Managed Community” to allow for proposals like this, under certain conditions. Mayor Gainey announced a new EMT training program earlier this month. Freedom House EMT Training is named in honor of Freedom House Ambulance Service, which was primarily staffed by Black paramedics and set the standards for EMT care we now. Interested in becoming an EMT? Apply to the EMT training program on the City of Pittsburgh's career website; the deadline is February 22.  Listen to our past pod about how Black Pittsburgh revolutionized emergency healthcare services. Pittsburgh is pausing the free spay and neuter program after learning that pet owners from the suburbs have been accessing services meant for city residents. Become a member of City Cast Pittsburgh at membership.citycast.fm. Want more Pittsburgh news? Sign up for our daily morning Hey Pittsburgh newsletter. We're also on Instagram @CityCastPgh! Interested in advertising with City Cast? Find more info here. Learn more about your ad choices. Visit megaphone.fm/adchoices

Become a Client: https://nomadcapitalist.com/apply/ Get our free Weekly Rundown newsletter and be the first to hear about breaking news and offers: https://nomadcapitalist.com/email Get on the waiting list and join us for the next Nomad Capitalist Live: https://nomadcapitalist.com/live/ Unlock the invaluable financial insights of Jim Rogers, a well-respected American investor and finance guru, through this sneak peek of an interview. Here, we've condensed some of Rogers' top tips and tricks, giving you a glimpse into his savvy strategies for investing smart and thriving in today's fast-paced global economy. Nomad Capitalist has served as the “architect” and “general contractor” for 1,500+ clients who wanted one company to manage their holistic plans. We help these clients keep more of their wealth, increase their personal freedom, and protect their families and wealth against current and future threats at home. Our in-house team of researchers, strategists, and executioners know more about these strategies than just about anyone. We've also spent more than a decade building a trusted network of attorneys, accountants, real estate agents, and others to assist our clients. As a result, our approach is not only holistic, but agnostic; we offer our clients advice on and options in 90+ countries, more than any other firm by far. If you're looking to diversify internationally, whether for lower taxes or as a “Plan B”, trust the industry pioneers at Nomad Capitalist and our experience serving the needs of globally-minded entrepreneurs and investors. Become Our Client: https://nomadcapitalist.com/apply/ Our Website: http://www.nomadcapitalist.com/ About Our Company: https://nomadcapitalist.com/about/ Buy Mr. Henderson's Book: https://nomadcapitalist.com/book/ DISCLAIMER: The information in this video should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Nomad Capitalist can and does not provide advice unless/until engaged by you.

“When should I sell my business?” is a common question asked by business owners, and one that today's guest is often answering. Dave Bookbinder goes Behind The Numbers with Jim Rogers, Managing Partner at Haefele Flanagan. Jim's areas of expertise include audit, private business consulting, succession planning, mergers and acquisitions, litigation support and forensic accounting. A licensed CPA in Pennsylvania, New Jersey, New York and Delaware, Jim works primarily in the not-for- profit, real estate development, construction, service, manufacturing and leasing industries. He serves on the Board of Directors for the Building Industry Association of Philadelphia and Holy Redeemer Health System. In this episode we're discussing how to overcome the emotional challenges related to selling your business; maximizing valuation; managing the proceeds of a sale; and more! About Our Sponsor: Haefele Flanagan (HFCO) is a full-service accounting firm that's been serving clients since 1967.  Not your typical accounting firm,HFCO's services extend well beyond tax and audit to include valuation services, strategic and succession planning, leadership development, and more.  When you work with Haefele Flanagan, we help you realize your long-term goals.  Please visit them at www.hfco.com. About the Host: Dave Bookbinder is the person that clients reach out to when they need to know what their most important assets are worth. He's a corporate finance executive with a focus on business and intellectual property valuation. Known as a collaborative adviser, Dave has served thousands of client companies of all sizes and industries.  Dave is the author of two #1 best-selling books about the impact of human capital (PEOPLE!) on the valuation of a business enterprise called The NEW ROI: Return On Individuals & The NEW ROI: Going Behind The Numbers.  He's on a mission to change the conversation about how the accounting world recognizes the value of people's contributions to a business enterprise, and to quantify what every CEO on the planet claims: “Our people are this company's most valuable asset.”

The past few years have been full of surprises, often going the exact opposite way that Wall Street expected at the start of each year. Well, as we prepare to enter 2024, it may help to tap the expertise of those investors who have been around the longest and been the most successful. High on that list is James Rogers, legendary international investor, financial commentator and author of several best-selling books on wealth-building. In this interview, Jim explains why he believes the next market correction will be the worst of his lifetime, and why he sees higher inflation and higher interest rates ahead, as well. LAST CHANCE! SUBSCRIBE to Adam's new Substack at https://adamtaggart.substack.com/ to get his Adam's Notes for all the recent experts who have appeared on this channel. But do so before the price increases on Jan 1st 2024! #inflation #interestrates #bearmarket

Join Wealthion host James Connor in an exclusive conversation with renowned investor Jim Rogers. In this episode, Rogers shares his insights on the current economic landscape, discussing the unprecedented levels of inflation, where he see currently thinks investors should be buying value and selling in hysteria, the ahead challenges presented by social and political unrest and more! More about Jim Rogers: Jim Rogers, co-founder of the Quantum Fund with George Soros in 1973, achieved significant acclaim for steering the fund to a remarkable 4,200% gain from 1973 to 1980. Retiring at the age of 37, having amassed substantial wealth, Rogers continued to manage his portfolio and diversified into various ventures. His global motorcycle journey across six continents, covering over 100,000 miles, earned him a place in the Guinness Book of World Records and inspired his best-selling book, "Investment Biker." Rogers, an active investor and commodities expert, founded the Rogers International Commodity Index in 1998 to monitor commodity futures contracts on international exchanges. t Wealthion, we show you how to protect and build your wealth by learning from the world's top experts on finance and money. Each week we add new videos that provide you with access to the foremost specialists in investing, economics, the stock market, real estate and personal finance. We offer exceptional interviews and explainer videos that dive deep into the trends driving today's markets, the economy, and your own net worth. We give you strategies for financial security, practical answers to questions like “how to grow my investments?”, and effective solutions for wealth building tailored to 'regular' investors just like you. There's no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead? SCHEDULE YOUR FREE WEALTH CONSULTATION with Wealthion's endorsed financial advisors here: https://www.wealthion.com/ Subscribe to our YouTube channel https://www.youtube.com/channel/UCKMeK-HGHfUFFArZ91rzv5A?sub_confirmation=1 Follow us on Twitter https://twitter.com/wealthion Follow us on Facebook https://www.facebook.com/Wealthion-109680281218040 ____________________________________ IMPORTANT NOTE: The information, opinions, and insights expressed by our guests do not necessarily reflect the views of Wealthion. They are intended to provide a diverse perspective on the economy, investing, and other relevant topics to enrich your understanding of these complex fields. While we value and appreciate the insights shared by our esteemed guests, they are to be viewed as personal opinions and not as official investment advice or recommendations from Wealthion. These opinions should not replace your own due diligence or the advice of a professional financial advisor. We strongly encourage all of our audience members to seek out the guidance of a financial advisor who can provide advice based on your individual circumstances and financial goals. Wealthion has a distinguished network of advisors who are available to guide you on your financial journey. However, should you choose to seek guidance elsewhere, we respect and support your decision to do so. The world of finance and investment is intricate and diverse. It's our mission at Wealthion to provide you with a variety of insights and perspectives to help you navigate it more effectively. We thank you for your understanding and your trust.

Soy Checkoff: https://www.unitedsoybean.org/More About Jim Rogers: https://www.jimrogers.com/Today's episode features Jim Rogers. I will first admit that this episode is pretty selfish. I found Jim's books, particularly “Investment Biker” “Adventure Capitalist” and “Hot Commodities” in college when I was trying to figure out where my interests were and where I might like to start my career. I already had an interest in agriculture, international travel, and investing, so they had a huge impact on me. In fact, I decided to start my career in commodities in no small part because of his writing. So, when I had the chance to interview him on his thoughts about the world generally, I jumped at it. This one might be a bit different from our normal content because Jim is looking at broader economic and geopolitical drivers from an investor perspective and not so much as a “ag person” but I think his perspective is extremely valuable. The other reason this one might be a little bit different is I couldn't help but become starstruck by him. He really had that big of an impact on me at a formative age. If you weren't a wannabe investment geek in college like I was, let me give you some biographical background. Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator and successful international investor. After attending Yale and Oxford University, Rogers co-founded the Quantum Fund, a global-investment partnership. During the next 10 years, the portfolio gained 4200%, while the S&P rose less than 50%. Rogers then decided to retire – at age 37. Continuing to manage his own portfolio, Rogers kept busy serving as a full professor of finance at Columbia University Graduate School of Business, and, in 1989 and 1990, as the moderator of WCBS's ‘The Dreyfus Roundtable' and FNN's ‘The Profit Motive with Jim Rogers'.From 1990-92, Jim Rogers fulfilled his lifelong dream: motorcycling 100,000 miles across six continents, a feat that landed him in the Guinness Book of World Records. As a private investor, he constantly analysed the countries through which he travelled for investment ideas. He chronicled his one-of-a-kind journey in “Investment Biker: On the Road with Jim Rogers”. Rogers also embarked on a Millennium Adventure in 1999. He travelled for 3 years on his round-the-world, Guinness World Record journey. It was his 3rd Guinness Record. Passing through 116 countries, he covered more than 245,000 kilometres, which he recounted in his book “Adventure Capitalist: The Ultimate Road Trip”. His book, “Hot Commodities: How Anyone Can Invest Profitably In The World's Best Market”, was published in 2004. Another of his books “A Bull in China” describes his experiences in China as well as the changes and opportunities there.

Peter St. Onge joins Bob to discuss his latest piece at Mises.org on "China's Doom Loop." They cover a wide range of topics, including the contrast in leadership between Xi Jinping and Deng Xiaoping, the dollar as global reserve currency, the Belt and Road Initiative, and Jim Rogers' prediction that the 21st century would belong to the Chinese empire. Peter's Article on China: Mises.org/HAP410a   Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime. Use Code "HA23" for $45 off admission: Mises.org/Nashville23]]>

Peter St. Onge joins Bob to discuss his latest piece at Mises.org on "China's Doom Loop." They cover a wide range of topics, including the contrast in leadership between Xi Jinping and Deng Xiaoping, the dollar as global reserve currency, the Belt and Road Initiative, and Jim Rogers' prediction that the 21st century would belong to the Chinese empire. Peter's Article on China: Mises.org/HAP410a Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime. Use Code "HA23" for $45 off admission: Mises.org/Nashville23

Peter St. Onge joins Bob to discuss his latest piece at Mises.org on "China's Doom Loop." They cover a wide range of topics, including the contrast in leadership between Xi Jinping and Deng Xiaoping, the dollar as global reserve currency, the Belt and Road Initiative, and Jim Rogers' prediction that the 21st century would belong to the Chinese empire. Peter's Article on China: Mises.org/HAP410a Join us in Nashville on September 23rd for a no-holds-barred discussion against the regime. Use Code "HA23" for $45 off admission: Mises.org/Nashville23

When I see instability and uncertainty in the economy, there is one person I need to call… And that's Jim Rogers, international businessman and author with remarkable market experience, who has been tracking market patterns for decades. Today, Jim and I get to the root of what has been causing US interest rates to surge and inflation to persist. We've been witnessing a bull market for one of the longest periods in US history… But unfortunately, that signals to Jim that there are worse times ahead. Money printing fuels inflation and the US has been exponentially increasing the dollar output… Which marks the historical pattern that it will get worse before it gets better… With higher interest rates and inflation still to come. As rates climb, investors will move to safer investment options and caution is advised. The best advice is to learn as much as you can and avoid hot tips or trends… Basically, invest in what you know so you understand the market and trends. So if you want to figure out what the economy is headed for and what you can do to protect your wealth, tune in to today's episode! Take control,  Hunter Thompson Resources mentioned in the podcast: Jim Rodgers Website Interested in investing with Asym Capital? Check out our webinar.   Please note that investing in private placement securities entails a high degree of risk, including illiquidity of the investment and loss of principal. Please refer to the subscription agreement for a discussion of risk factors. Tired of scrambling for capital?  Check out our new FREE webinar -  How to Ensure You Never Scramble for Capital Again (The 3 Capital-Raising Secrets). Click Here to register.   CFC Podcast Facebook Group

Are starter homes a thing of the past? Did the Fed just win? I provide commentary and perspective on both. Hear clips from: Donald Trump, Jamie Dimon, and Jerome Powell. Then, I answer four listener questions: Should I make my first real estate investment a new development from raw land? Does it make sense to sell some rental properties, pay off others, and make my life easier? My returns are down because my property repair bills are higher than expected. What should I do? Since the government has high debt, won't they keep printing dollars? If you have a listener question, ask it here: GetRichEducation.com/Contact Timestamps: The state of the real estate economy [00:00:01] Home prices and housing supply [00:01:33] Analysis of home prices reaching new highs, the decrease in new listings, and the impact on housing supply. Mortgage rates and the future of interest rates [00:03:54] Insights on the direction of mortgage rates, the unlikelihood of rates returning to the 3% range, and the opinions of Lawrence Yun, the chief economist at the NAR. The Fed's Soft Landing [00:10:31] Discussion on the Federal Reserve's efforts to control inflation and maintain economic stability. Building Development as a First Investment [00:12:49] Advice on whether it is a good idea for beginners to invest in land development and the challenges involved. Acquiring More Property or Paying Down Debt [00:19:02] Advice on whether to continue acquiring properties or pay off existing debt and downsize for a more enjoyable life. The philosophy of debt [00:21:11] Debt can be beneficial and indicate wealth, as seen in examples of successful individuals with high levels of debt. Managing repair costs for rental properties [00:24:18] Charging tenants for the first portion of repair bills can incentivize them to make minor repairs themselves and reduce long-term repair costs. Inflation and government debt [00:30:12] Inflation can debase government debt, reducing its value, similar to how it affects personal debt. The US government's ability to print money allows for easier repayment of debt. The housing supply and marketplace [00:31:30] Discussion on the historically low US housing supply and the importance of staying up to date with the inventory and other elements in the real estate market. Resources mentioned: Show Notes: www.GetRichEducation.com/459 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1 (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. First, I'll discuss the surprising state of the real estate economy. Then I answer your listener question Should I develop and build property myself? How do I keep my rental properties repair bill down? And two questions about real estate debt all today on Get Rich Education with real estate capital Jacksonville. Real estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor since 2013. JTB is ready to help your money make money and to make it easy for everyday investors. Get started at JWB Real Estate.   Speaker 2 (00:01:01) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is get rich education.   Speaker 1 (00:01:24) - Welcome to the area from Warsaw, Poland, to Warsaw, Indiana, and across 188 nations worldwide. And Keith Weinhold in your listening to Get Rich Education.   Speaker 1 (00:01:33) - Earlier this month, CNBC reported that home prices have hit new highs again, another up just slightly year over year, though the popular sentiment is that by now people have gotten used to paying 7% or even more than 7% mortgage rates and higher rates. That puts the squeeze on housing supply. I mean, gosh, within this era of already paltry supply, I mean, we're talking about direly few homes in some markets here. Nationally, new listings are down 25% from a year ago. All right. Now, that's all national stuff. But look now, just over half of the nation's 50 largest housing markets and they're mostly in the Midwest and Northeast. They have either returned to their prior price peaks or they have set new all time highs. Annual home prices are still weaker out west, but even some of the Western markets has slumped. They're now seeing month over month gains. Yes, we're talking about gains now even in San Jose, San Diego, Los Angeles, San Francisco and Seattle. Now, look, our starter homes, a thing of the past.   Speaker 1 (00:02:47) - Some now think so with these higher prices. Just listen to this from an NAR survey, 40% of millennials who bought homes last year, they plan to stay in them 16 years or more. And for Gen Z, that number jumps up to 48%. Now, who knows if they'll really stay in those homes at that long. But see, what's going on here is just affirmation that so many buyers don't plan to trade in their starter home for a move up home. They got their starter homes when rates were low, though starter homes are not coming onto the market, potential sellers have ghosted the market, making for fewer listings and those fewer listings. That's what's fueling the price growth. So yes, starter homes could largely be a thing of the past, but of course not completely. Now, just two weeks ago here on the show, Jim Rogers told us why long term, he thinks interest rates will go much higher and opinions can be all over the place. So I don't want to get too bogged down in that.   Speaker 1 (00:03:54) - But shorter term, one prominent commentator, he is now emphatic that mortgage rates have hit their top, like, for example, hit their top for perhaps this year and next year. Lawrence Yun, chief economist at the NAR on the direction of mortgage rates. He says, quote, This is the top. It will begin to move down. But you can also says if you're a US home buyer waiting for a return to super low mortgage rates, don't hold your breath. The short lived era of 3% interest rates for 30 year fixed mortgages, that is over, and they are unlikely to return anytime soon, perhaps for decades. He goes on to say that one can never truly predict the future but don't see mortgage rates returning back to the 3% range in the remainder of my lifetime. That is all of what Yun said. Okay. The remainder of Lawrence Hoon's lifetime, he looks pretty healthy and that might be 40 years, 40 plus years. Did we see rates that low again, according to him? Now, did you see this? We posted this in our Instagram stories as our curious article of the week last week.   Speaker 1 (00:05:07) - The Washington Post get a hold of this title. They published an article and it was titled The Housing Market Recession is Already Ending. My preeminent thought is the housing market recession is already ending. That's a curious headline. What housing market recession? I don't get it. And the subtitle doesn't help. It's subtitled Last year's downturn in the housing market didn't last even with higher interest rates. Now prices are stabilizing. Is supply chains have eased up. All right. Well, even with actually reading the complete article, I don't know what they mean by a housing market recession last year. I guess that national home prices stopped appreciating last year and they just stabilized. But I don't know how the heck you get a recession out of that. Maybe with low housing supply, there were fewer transactions and that was being considered a recession. Now, look, I'm going to posit something really unpopular here in today's climate, but I think that this is a question that you really need to ask yourself today, and that is, did Jerome Powell just win? I told you it was unpopular.   Speaker 1 (00:06:20) - He's not a very well liked. Person in a lot of circles. But with CPI inflation at 9% last year and 3% now. Yet throughout this spin, we had a few banks that broke but no recession. Is it possible that Jerome Powell has engineered a soft landing? I've got more on that in a moment. But the actual person of one, Donald, John Trump, made some quick remarks about the economy this month. Let's listen in.   Speaker 3 (00:06:52) - We've never had an economy like we had just three years ago. It was unbelievable. And frankly, this economy is not doing well. But the reason it's doing okay is it's running on the fumes of what we built. But those fumes are running out and they're running out fast. And it's not going to be a pretty picture.   Speaker 1 (00:07:11) - Yeah, I don't know about that. When we look at the broader US economy, let's get something more substantive. And speaking of people that aren't well liked, Jamie Dimon had some great perspective. I think you know that he's the billionaire business exec and the banker that's led JPMorgan Chase since 2005.   Speaker 1 (00:07:30) - To put it another way. This man runs the largest bank in America.   Speaker 4 (00:07:36) - It's the other way around. America has the best hand ever dealt of any country on this planet today ever. Okay. And Americans don't fully appreciate what I'm about to say. We have peaceful, wonderful neighbors in Canada and Mexico. We've got the biggest military barriers ever built called the Atlantic and the Pacific. We have all the food, water and energy we will ever need. Okay. We have the best military on the planet, and we will for as long as we have the best economy. And if you're a liberal, listen closely to me in that one, okay? Because the Chinese would love to have our economy. We have the best universities on the planet. There are great ones elsewhere. But these are the best. We still educate most most of the kids who start businesses around the world. We have a rule of law which is exceptional. If you don't believe me and we talk about Britain, Brazil, Russia, India, Venezuela, Argentina, China, India, believe me, it's not quite there.   Speaker 4 (00:08:29) - We have a magnificent work ethic. We have innovation from the core of our bones. You can ask anyone in this room what you can do to be more productive. Ask your assistants, factory floors, redo it. It's not just the Steve Jobs. It's this broad death with the wires and deepest financial markets the world's ever seen. Okay. And if you. I just made a list of these things and maybe I miss something. It's extraordinary. It's extraordinary. And we have it today. Yes, we have problems. But, you know, when I hear people down, if you travel around the world, I mean, get an airplane, travel around the world and go to all these other countries and tell me what you think.   Speaker 1 (00:09:02) - Yeah, Jamie Dimon really bringing up a lot of those geographic advantages like Peterson and I discuss in depth here Diamond's remarks. They're not new remarks. Those weren't recent ones. And by the way, I don't really care for him calling out liberals, just like labeling people conservatives.   Speaker 1 (00:09:20) - That's counterproductive. I like the quality of ideas as soon as we start labeling things left or right, that quickly becomes more divisive than it does unifying. Don't do left right politics. I do. Up, down, up is integrity. The quality of your ideas concepts means for getting things done and track record. That's what matters. But anyway, coming off Jamie Dimon waxing poetic with American optimism and exceptionalism. Yeah, it is time to ask if the Fed is winning. And first, let's understand something fundamental The fact that high inflation occurred for two years that is irreparable. Let's not overlook that. I mean, you're Trader Joe's grocery store prices. They're not coming back down even if the rate of inflation has slowed. I mean, that is a big fat L, That is a loss. It came from printing all those dollars to paper over the pandemic, which created the high inflation with everything from the paycheck protection program to Stemi checks to the Cares Act. And yes, the executive branch created some of that too.   Speaker 1 (00:10:31) - But my point is, make the irresponsible people that don't have any savings feel some pain once in a while. If you just make money fall from the sky every time there's a crisis, then people are going to learn to not have any reserves or any cash flowing investments during the next crisis. Yes, supply chain constraints are part of the problem too. But since you tried to paper over the pain, see then creating that inflation that results, that makes everyone feel the pain that's middle class or below. All right. But after that understanding, is Jerome Powell now winning by landing the inflation softly without crashing the economy and keeping GDP rising a little in keeping unemployment low in see even the producers price index that's forward looking that measures this change. In selling prices of goods and services producers. That's falling out, right? That leading indicator for consumer price inflation. And that's why inflation expectations are finally dropping. And that doesn't mean that I like the Fed or the system at all. But by now you've at least got to begin to wonder if the Fed can get their soft landing.   Speaker 1 (00:11:47) - They've dropped down from 30,000 foot cruising altitude. There's no turbulence, and they're below, call it, 10,000ft. Now, for the first time in two years, wages are finally rising faster than prices.   Speaker 4 (00:12:01) - We at the Fed remain squarely focused on.   Speaker 1 (00:12:04) - Our dual mandate.   Speaker 4 (00:12:05) - To promote.   Speaker 1 (00:12:05) - Maximum employment and stable.   Speaker 4 (00:12:06) - Prices for the American people.   Speaker 1 (00:12:08) - Yes, sir. That is your job after all. Well, I want to turn to your listener questions here for the remainder of the show. And if you've got a question for me, you can always reach out at Get Rich education, slash contact. The first question comes from Tina in Monroe, Louisiana. She says, Keith, I love your show. Just started listening last month. Tina asks Keith, I have the idea of buying land and I want to know if this is a good idea to build new rentals on. Like for Plex's, I've already formed an LLC and hope to open a business line of credit, but this would be my first ever real estate investment.   Speaker 1 (00:12:49) - Okay, Tina, thanks for finding the show here. Welcome in. I expect that you'll have years of profitable listening ahead to start a new development from digging raw dirt all the way through to procuring your certificates of occupancy and have that be your very first investment for almost anyone. I have got to say no because there is just so much to development. Development is going to rely on your experience and your ability to build a team. You're going to need general contractors and subcontractors and vendors, suppliers and experience dealing with regulators and a municipality and bankers and perhaps investors. And legal development is risky for beginners. You're purchasing something that doesn't yet exist. You've got to be sure that you're buying the right land in the right place. And that means studying everything from geotechnical reports and Perc tests to understanding the demographics, whether you plan to buy that land there in Monroe, Louisiana, or wherever else it is, and then your exit strategy. And while it might not actually be to exit, but it's going to be either to sell your completed development or for you to hold it for rental income, you have really got to know what you're doing.   Speaker 1 (00:14:13) - I am not a developer, but I talked to a lot of them, especially build to rent developers. Now, the reason that I say that the answer is no for development as your first real estate investment for almost anyone. Well, I say almost because if you have a remarkable mentor, someone that's going to go out in the field with you almost every day, then it's a possibility. And even then that mentor should have a proven track record. You need approvals and subdivision and plans drawn and bringing in drainage and utilities and entitlement mean instead of all that for a beginner and really even for most veteran investors, it is substantially easier to buy something that's already built, that has a history of rental occupancy and income. And then the team that you have to build a so much smaller with that primary long term team member as your property manager. But thank you for the question, Tina, because I think a lot of real estate investors wonder about building themselves from raw land. And it seems that even more investors right in here wondering about, you know, just building one individual single family rental home or duplex or fourplex.   Speaker 1 (00:15:25) - And even then, if it's successfully done, it usually takes longer than you think. And then once you're done, the property is vacant and you need to find tenants. So it might be a few more months before it even cash flows. So buy property that's already built, learn investing that way. And what you've done is you've outsourced all of the development unknowns to someone else and they bring you the known and completed development project that is better for more than 99% of people. And then look into being a developer yourself when you've got sufficient experience. If that remains interesting to you, a great mentor with a proven track record or both, if you'd like to ask a question and potentially have me answer it on air here again, go ahead and reach out through get ratification smash contact because that's where you can either leave a voice message or a written one. I am just. Getting started with listener questions. I'm back with more of them. Straight ahead. I'm Keith Reinhold in You're listening to episode 459 of Get Rich Education.   Speaker 1 (00:16:30) - If you want some really passive income, listen to this. You know, I'll just tell you, for the most passive part of my real estate investing personally, I put my own dollars with freedom family investments because their funds pay me a stream of regular cash flow in. Returns are better than a bank savings account up to 12%. Their minimums are as low as 25. K. You don't even need to be accredited. For some of them. It's all backed by real estate and I kind of love how the tax benefit of doing this can offset capital gains in your W-2, jobs, income. And they've always given me exactly their stated return paid on time. So it's steady income, no surprises while I'm sleeping or just doing the things I love. For a little insider tip, I've invested in their power fund to get going on that text family to 668660, and this isn't a solicitation If you want to invest where I do, just go ahead and text family to six six, 866. Jerry listeners can't stop talking about their service from Ridge Lending Group and MLS 42056.   Speaker 1 (00:17:43) - They've provided our tribe with more loans than anyone. They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four Plex's. So start your pre-qualification and you can chat with President Charlie Ridge personally, though, even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group.   Speaker 5 (00:18:12) - This is Jerry Operations lead Andrea Newburn. Listen to Get Rich Education with Keith Reinhold and don't put your daydream.   Speaker 1 (00:18:29) - You're listening to the show. It's created more financial freedom for busy people just like you than nearly any show in the world. This is guitarist Education. I'm your host, Keith Reinhold. The next question comes from Adam. He is a real estate agent in Seattle. And Adam asks this. Hi, Keith. I've been an avid listener and follower of yours for years now. Like you, the Little Purple Book changed my life early on and I was able to semi retire at age 35. The book that he's talking about, by the way, is that Poor Dad, I am 42 now and back working as a realtor because I love it.   Speaker 1 (00:19:02) - And then after he wrote I Love It in parentheses, he put well, sorta. So I don't know that he loves it too much and I am at a crossroad in my life. Do I keep acquiring more property and more debt or do I start paying down the properties I do have? I have seven properties now and with a mindset of less is more as I want to enjoy my life a bit more and I'm honestly getting tired of managing my three in state properties. Therefore I've been thinking about selling one to pay off the loan of two other properties and really start to downsize and truly be debt free. Life is too short and I want to enjoy the rest of my life. Do you have any advice or opinions for me? Thank you in advance. Okay. Adam. Well, since you've listened for years, you probably already understand that I don't pay off any of my properties, though I could. I don't want to. I'd lose leverage in all that. You probably understand that I don't self manage.   Speaker 1 (00:20:01) - You said that you self-manage three of your seven properties there in Washington state. So since you probably already understand all that, yes, I would acquire more property, more debt and outsource the property management. That way you can enjoy life if the property is in your home state, don't have high rents in proportion to their values. In a lot of places around Seattle, they don't have a high ratio there. Well then it's probably worth 1030 running into out of state property. Or if you really like those Washington properties, then find a property manager there in state and to find a suitable 1031 exchange facilitator with a proven track record, check the resources tab at GRI marketplace.com. That same website will help you find out-of-state properties if you like. You can also contact our coaches to help walk you through that at marketplace.com/coach. That is a free coaching service by the way. Now as far as keeping the instate Washington properties, if you decide that you do want to do that, the bigger Pockets forums can help you vet a qualified property manager there.   Speaker 1 (00:21:11) - Now, Adam, you did say something about the possibility of downsizing and becoming truly debt free, as you put it. But my question is, what's the problem with debt if someone else reliably pays it all for you? Of course your tenant pays a principal and interest and hopefully a little on top of that called cash flow. All right. In that case, all of that debt is outsourced. Now, let me get a little philosophical for a minute. I don't know the name of the person that's the biggest debtor in the entire world. But you know what? He is probably really wealthy or she all circle back to why in a second. Here's a fun way to understand this. The quarterback threw the most interceptions of all time. Oh, you must think that guy is a total loser. Well, you know what? The quarterback that's thrown the most interceptions all time by far is in fact, a Hall of Famer Brett Farve. Oh, well, how can that be? Well, it's because he got so many chances to play.   Speaker 1 (00:22:17) - He must have been a pretty good quarterback for the coach to put him on the field. Then often year after year, the baseball pitcher that lost the most ever games for his team all time, he is named Cy Young. Well, Cy Young also won the most games all time in Major League Baseball. He was one of the very first inductees into the Hall of Fame. And there's even an award given each year. Still, the most outstanding Major League Baseball player called the Cy Young Award. Yet he lost the most games and say, did you meet a guy on the street there where you live and you learn that he has $20 million in debt? I don't even need to know anything else right there. That tells me that he's probably a financial winner to have that much debt because, see, he would need to be highly credit worthy to even get all that debt in the first place. See, you're only looking at the $20 million debt side of his balance sheet. His asset side might be $50 million.   Speaker 1 (00:23:16) - Hey, that's a $30 million net worth. Even with high inflation, $30 million is fairly wealthy today and mad as Mark Zuckerberg is one of the wealthiest people in the world, he has a net worth. North of $100 billion. And the Zuckerbergs, they took a loan for their home even though they could pay cash for it many times over. And yet when Zuckerberg and his wife bought their home, they took out a loan for the leverage and the arbitrage. The wealthiest people in the world have the most debt AI model that you can model that I personally look to increase my debt as time goes on. And then simultaneously, I expect the asset side to increase faster than the debt side. The asset side increases faster because I've got the debt, hence the leverage. So this is why I have an aversion to being debt free. I hope there's both some helpful resources and a philosophical component for you to chew on there as well. Adam The next listener question comes from Heiko in Utica, New York. Sorry if I mispronounce your name.   Speaker 1 (00:24:18) - It's spelled at Jaakko. Maybe it's Jocko, but I'm going to go with Jocko. He asks. I've held my first ever purchase of a rental single family home for a little over a year. It's located in Holladay, Florida, though my property was projected to provide a cash on cash return of 6%, it only produced 3% because repairs cost more than expected On this 1978 built property. I use a local property manager that's been pretty communicative. I always anticipate reading my monthly email statement from him, just wondering how to manage costs over time. Signed Jocko. Okay. Jocko And by the way, I own rental single family homes myself, just about five miles from Holladay, Florida. And these areas are just north of Tampa. Well, Co only getting 3% rather than a projected 6%. It's actually not a terrible miss. Now, it would be if that were your only revenue source or your only return from an investment. But of course, this 3% cash on cash return is one of your five profit sources from income property.   Speaker 1 (00:25:28) - But suffice to say, one great long term strategy to keep myriad repair costs down over time. And it's something that Ken McElroy told me about, and that is charge the tenant for the first $50 in repairs or maybe charge the tenant for the first $100 of repairs. That way they're going to think twice before bugging you or bugging your manager. Now, this can have the desired effect of keeping your long term repair bill down in a few different ways, but yet ensure that you're still serving the tenant. All right. First of all, the first 50 or $100 a repair bill, it's really not that burdensome to most tenants, but yet they will think twice before calling you or it's calling your manager, in this case, Jocko, before calling about something ticky tacky and minor like the kitchen cabinet doors got a little loose on their hinges again. Now you want to provide clean, safe, affordable, functional housing. That is a core concept in mission here. At first, this might incentivize the tenant to make a 10 or 15 minute repair themselves so that you never even hear from them.   Speaker 1 (00:26:43) - And that also prevents, say, a $75 service call from being made in the first place. Now, if it's a repair that's beyond the tenants expertise or expectations to take care of themselves, say it's something like a kitchen faucet that just leaks a little, well, okay, you want to see that that's taken care of for them. But if they have to pay the first small portion of repairs themselves, then that incentivizes the tenant to report a number of small things in one batch. All right. Well, now, that makes it more efficient for you or for your property managers handyman. That makes for fewer service calls, fewer runs to Home Depot and a real reduction in your repair cost. See? Hello. The work from home movement. That's being good for us as residential real estate investors. But there is one downside to that. A few more tenants spend all day at home and there are more components that can wear out sooner. Or there's this more time that tenants spend at home to notice little things that are amiss.   Speaker 1 (00:27:47) - So that's why the time in the real estate market is right to charge the first portion of repair bills to the tenant. That's why this makes sense now. Now, there are a couple caveats around this. Hello. When the tenant first moves in, I'll go ahead and give them a week to bring you any findings and then those things should be taken care of without charging the tenant anything at all. Right? I mean, the tenant shouldn't have to inherit any problems. And the other caveat is that your tenant has to be communicative about items in disrepair that could create long term damage, like a leaky drain, because you don't want that to ruin your subfloor over. Time. So the short answer on how to lower your long term repair bills, especially in a work from home world, is to have it in the lease that the tenant pays for, say, the first $50 to $100 of repairs. Also, you may have heard it just ten episodes ago on episode 449, I discussed 12 ways that you can raise the red in add value to your property.   Speaker 1 (00:28:52) - There's a good bit of related content there to help you keep profitable and get your cash on cash return up. Now, plenty of properties. In fact, probably most properties have exceeded their return projections over the last three years, and that is primarily due to rapid appreciation. But see, you don't get the lessons from the winds, you get the lessons from the underperformers. And that's why I wanted to answer your question for everyone's benefit today. Taco Tacos question was microeconomics. Let's flip it to macroeconomics with this. Next question from Dave in Atlanta, Georgia. Davis This one a while ago. First, here's the remarkable part on the listener question form in the how did you hear about a section, Dave? You simply wrote, I've been listening to you from the very beginning. Gosh, Dave, this is so supremely appreciated. I know we've got a lot of great devotees and I'm incredibly grateful for it. Dave asks With the US government, 30 trillion in debt and there's some rounding there and if inflation is say 10% over a few years, doesn't inflation debase the government's debt just like it does ours, taking it from 30 trillion down to $27 trillion in this case? Yeah, that stays.   Speaker 1 (00:30:12) - Question That's right, Dave. You've 100% got it. I've talked about this in some prior episodes. Since we get to borrow our mortgage loans in the currency that's denominated in the units of the biggest detonation in the history of the world, the dollar in the USA, then they want to print Dave, just like you. If you had $1 million in debt but you couldn't pay it back right now and you had the ability to print dollars ad infinitum, then sure, the easiest way for you to pay back your debt is to print your own dollars, just like America is doing. And that is just another benefit of you keeping high debt on your properties. In fact, the true definition of inflation is an expansion of the money supply. It's not the result, which is a decline in purchasing power. Technically, if the same Chipotle burrito costs $10 last year at $11 this year, that's not inflation. That's the result of inflation. So the USA wants inflation for this reason and other reasons. I've said it before, the surest been investing is that the dollar is going to continue to decline in purchasing power and that's exactly why we are debtors rather than savers.   Speaker 1 (00:31:30) - Take the sure thing. Thanks for the listenership and thanks for the question, Dave. That's all for listener questions. I encourage you to help yourself out. No one's looking out for you more than you amiss. Historically low US housing supply. Gerri Marketplace is where the inventory actually is, and it's the right inventory. The properties that make the best rentals. Real estate pays five ways style. And the selection changes, of course, based on inventory and other elements. So stay up to date. And if you haven't lately, go ahead and log in. There are free coaching service is becoming popular as well in why not it's like your own concierge personal one on one if you want that it is all there for you at gray marketplace.com. I'll be here with you to run it back next week. I'm your host Keith Wayne a little bit. Don't quit your day dream.   Speaker 6 (00:32:35) - Nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice.   Speaker 6 (00:32:45) - Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:33:03) - The preceding program was brought to you by your home for wealth building. Get rich education.    

Get our newsletter free here or text “GRE” to 66866. Higher interest rates are cracking the economy—failing banks and failing commercial RE loans. With many expecting rates to go much higher, what else will break? Keith Weinhold, the host of the Get Rich Education podcast, discusses the current state of interest rates and their potential future trajectory.  Jim Rogers, legendary investor with an estimated $300M net worth, returns. He shares his insights on interest rates and inflation.  We discuss the impact of inflation on various asset classes, including real estate, and the potential for higher interest rates in the future.  The conversation also touches on topics such as agricultural real estate, the oil market, central bank digital currencies, and the role of gold and bitcoin as alternative forms of wealth storage.  Overall, the episode provides valuable insights into the current economic landscape and its implications for investors. Title [00:01:56] Introduction and overview of the current state of interest rates and market distortions. Title [00:05:03] Discussion on the unpredictability of interest rate predictions and the acknowledgment of inflation by Jerome Powell. Title [00:08:28] Explanation of the historical trend of interest rates, the recent rise in rates, and predictions for future rate movements. Title [00:12:09] Jim Rogers on Borrowing Money and Interest Rates Discussion on the benefits of borrowing money at low interest rates and the prediction of interest rates going higher. Title [00:14:27] Jerome Powell and the Possibility of a Soft Landing Questioning whether Jerome Powell can raise interest rates enough to control inflation without causing an economic crash. Title [00:18:41] Inflation, Interest Rates, and Real Estate Exploring the impact of inflation and interest rates on real estate investments and the potential risks for property owners. Topic 1: Agricultural Real Estate [00:22:21] Discussion on the opportunities in agricultural real estate due to erratic weather patterns and reduced yields in various crops. Topic 2: Oil Market [00:24:16] Conversation about the current state of the oil market, the decline in known reserves, and the potential for higher energy prices. Topic 3: Central Bank Digital Currencies (CBDCs) [00:26:04] Exploration of the proliferation of CBDCs and the implications of a digital currency controlled by central authorities, including potential restrictions on spending and increased government control. Title [00:32:06] History of Money and Gold Standard Discussion on the different forms of money throughout history and the transition from silver to gold as the basis for the US currency. Title [00:32:47] The Diminishing Value of the Dollar The prediction that the value of the dollar will continue to diminish over time and the suggestion to invest in real estate instead of saving in dollars. Title [00:33:33] Invest in What You Know Advice for investors to only invest in what they know about and not rely on advice from others, emphasizing the importance of knowledge and understanding in investment decisions. Resources mentioned: Show Notes: www.GetRichEducation.com/457 Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Find cash-flowing Jacksonville property at: www.JWBrealestate.com/GRE Invest with Freedom Family Investments. You get paid first: Text ‘FAMILY' to 66866 Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  Top Properties & Providers: GREmarketplace.com Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Keith's personal Instagram: @keithweinhold   Complete episode transcript:   Speaker 1 (00:00:01) - Welcome to GRE. I'm your host, Keith Weinhold. Interest rates rose fast last year, but a lot of experts think that they're going to go substantially higher from today's level, including our guest today, who is a legendary investor. How much higher will rates go and what's driving them higher today on get rich education.   Taxes are your biggest expense. The best way to reduce your burden is real estate. Increase your income with amazing returns and reduce your taxable income with real estate write offs. As an employee with a high salary, you're devastated by taxes. Lighten your tax burden. With real estate incentives, you can offset your income from a W-2 job and from capital gains freedom. Family Investments is the experience partner you've been looking for. The Real Estate Insider Fund is that vehicle. This fund invests in real estate projects that make an impact, and you can join with as little as $50,000. Insiders get preferred returns of 10 to 12%. This means you get paid first. Insiders enjoy cash flow on a quarterly basis, and the tax benefits are life changing.   Speaker 1 (00:01:10) - Join the Freedom Family and become a real estate insider. Start on your path to financial freedom through passive income. Text Family to 66866. This is not a solicitation and is for accredited investors only. Please text family to 66866 for complete details.   Speaker 2 (00:01:33) - You're listening to the show that has created more financial freedom than nearly any show in the world. This is Get rich education.   Speaker 1 (00:01:56) - Welcome to GRE! From Mount Washington, New Hampshire to Mount Whitney, California, and across 188 nations worldwide. I'm Keith Whitefield and you are listening to Get Rich Education. Hey, it's great to have you back. Interest rates are not high today. They're just moderate by historic standards. But of course, the rapid rate of increases last year was faster than it's ever been in our lives. And that's what introduces market distortions. Today's guest is going to talk about that with us later. That's the legendary Jim Rogers. And it's public information that he has an estimated $300 million net worth. When Jim talks, people listen. When he was here with us in 2019, he was emphatic that interest rates were going to go much higher.   Speaker 1 (00:02:43) - He was completely correct. And few others were saying that then. In fact, when he's with us here shortly, all recite the interest rate quote that he stated here on this show back then and get his forecast from this point on as well before discussing interest rates a quarter recently ended. So let's whip around the asset classes as we do here at times, because you need to be able to compare real estate with other investments. The first half of this year, the S&P 500 was up a fat 17%. I'm just running to the nearest whole percent here. The tech heavy Nasdaq index had its best first half of the year in four decades. Gold was up 6%. Oil was down 34%. Bitcoin up an astounding 84% the first six months of the year. And that's partly because it really bottomed out near the beginning of this year per Freddie Mac. The 30 year fixed mortgage began the year at 6.5%, and now it's up to 6.7 for real estate. Since it lags, we've got a realtor.com year over year figure.   Speaker 1 (00:03:48) - The median listing price was up 1% to 440 K financial institutions aced their Fed stress test that they call it that measures how banks are holding up during a downturn. Q1 GDP was revised way higher than they previously calculated, so the economy is doing even better than many thought. And the number of Americans that are filing for new unemployment claims that fell the most in 20 months. So therefore, the economy is still hot by a lot of measures. Well, that puts more upward pressure on interest rates. Well, an interest rate that can be thought of as your cost of money, and they can even affect factors beyond the economic world. For example, in demographics, I mean, historically high interest rates, they've actually been a mild impediment to people's very migration and mobility. Understand the Fed's interest rate predictions and really all of their predictions have been awful, just awful. A long line of them. Fed Chair Jerome Powell's inflation is transitory. I mean, this is the latest notable one. He said that in 2021.   Speaker 1 (00:05:03) - I mean, though, look on your phones weather app, you don't trust the weather forecast ten days into the future. So I don't know why we would listen so intently, even reverentially to what the Fed economists predict for the next month or the next year. I mean, the economy can have as many or more variables than the weather. I'm going to assume. And these people know nothing Volcker, Greenspan, Bernanke, Yellen, Powell. They know nothing but see, they act like they know. So I just sort of wish they'd say we don't know more often. And by the way, this is why I do not predict interest rates like virtually everyone else. I know nothing on that. I joke around and I say I will let someone else be wrong and go ahead and predict interest rates. It's really hard to do now. A little credit to Jerome Powell later on, though, he did acknowledge that they ought to stop calling inflation transitory. So I think the word transitory has different meanings to different people.   Speaker 1 (00:06:08) - To many, it carries.   Speaker 3 (00:06:09) - A time, a sense of of short lived. We tend to to to use it to mean that that it won't leave a permanent mark in the form of higher inflation. I think it's it's probably a good time to retire that that word and try to explain more clearly what we mean.   Speaker 1 (00:06:26) - Another credit to Powell in today's Fed is that they'll tell you what interest rate decisions they plan to make at upcoming meetings, which is certainly a welcome departure from the opaque Alan Greenspan where you needed to try to translate his Fed speak. So if the Fed rate goes higher, then you can generally expect other rates to go higher. The prime rate mortgage rates, credit card interest rates, automobile loans and more. Jim Grant. Who's been running the interest rate observer since 1983. He recently said that we are embarking into a long era of higher interest rates. He says that that's due to inflation and asset price speculation and of course rates wouldn't move up in some sort of straight line from here. During recessions, interest rates fall.   Speaker 1 (00:07:14) - Well, in that case, if you had recessions during a longer term up spell, where you'd have is higher interest rate lows in a recession. Now, starting in 1958, something strange happened in America. In a recession, prices did not fall into many. This marked the beginning of the age of inflation. That was 65 years ago. So you're pretty used to that. If there is a recession, prices don't fall. All right. Well, after that period, rates went up, up, up until they peaked in 1981. And then they went down. Rates fell from 1981 until 2021, and now they have begun to rise again. Well, because artificially low rates that were set to deal with Covid, because they're still recent, I mean, many people have this sort of muscle memory of zero zero interest rate policy. Maybe you do, too. And it was an all you can eat buffet table of credit. And that buffet table was open for business for ten years. Well, now that we've hiked up the Fed funds rate from 0 to 5%.   Speaker 1 (00:08:28) - All right. Well, back on June 28th, Powell said that more restrictive policy is still the COB because they're continuing to fight inflation. And that includes the likelihood of quarter point interest rate hikes at consecutive meetings and two or more increases by the end of this year. Now, our frequent macro economist contributor here on the show, Richard Duncan. He says there is an unusual divergence between weak credit growth and solid economic growth. And that was probably brought about by the surge in savings from people's government checks during the pandemic. Well, if that divergence persists, then the Fed might have to raise rates even more than the half percent plus that they suggested is necessary by the end of this year. And Duncan says that the stock market is not prepared for the Fed rate to go from 5% today up to 6%. And if it does, the stock market could be in for a painful correction in the months ahead. Now, to my point about interest rates being hard to predict, some economists think that rates will generally fall after this year as well.   Speaker 1 (00:09:34) - So some people see it that way, but I think there are more now predicting that they will rise rather than fall. As the legendary investor that predicted that interest rates were going to go way higher when he was back here with us in 2019 is he joins us soon. We could have some challenging audio quality on this remote to Singapore, but people really hang on what Jim has to say. That's next. I'm Keith Wild. You're listening to episode 457 of Get Rich Education. With real estate capital Jacksonville. Real estate has outperformed the stock market by 44% over the last 20 years. It's proven to be a more stable asset, especially during recessions. Their vertically integrated strategy has led to 79% more home price appreciation compared to the average Jacksonville investor since 2013. Genevieve is ready to help your money make money and to make it easy for everyday investors. Get started at GWB real Estate. Agree that's GWB Real estate agree Jerry Listeners can't stop talking about their service from Ridge Lending Group and MLS 42056. They've provided our tribe with more loans than anyone.   Speaker 1 (00:10:49) - They're truly a top lender for beginners and veterans. It's where I go to get my own loans for single family rental property up to four plex. So start your pre-qualification and you can chat with President Charlie Ridge personally, though, even deliver your custom plan for growing your real estate portfolio. Start at Ridge Lending Group. Hi, this is Russell Gray, co-host of the Real Estate Guys radio show. And you're listening to Get Rich Education with Keith Reinhold. Don't Quit Your Day Dreams. Today's guest is one of the most esteemed celebrated and legendary business moguls, investors and financial commentators of our time. He co-founded the Quantum Fund, one of the world's first truly global funds. He's created his own commodities index, his own ETF, and he is a popular author of a great many books. Welcome back. For your third appearance on Jim Rogers case. There's no reason to go into all that. I'm just a simple Earth. That's why people like listening to you, because you rather plain spoken on what some people deem to be some pretty complex concepts.   Speaker 1 (00:12:09) - So it's good to have you here joining remotely from where you live in Singapore. You were here with us in both 2019 and 2021 and in 2019 here on the show you said and I've got the quote right here, if you can borrow a lot of money for a long period of time at low interest rates, rush out and do it right now, That's what you said. That was prescient. And also in 2019 here on the show, you said, and I quote again, interest rates are going to go much, much, much higher over the next few decades and it is going to ruin a lot of people. And here we are today. So what are your thoughts with regard to interest rates and inflation here? Jim.   Speaker 4 (00:12:52) - You make many mistake. Please. It's made many, many mistakes and I'm sure hope I live long enough to make many, many more mistakes. Yes, interest rates are up. They're up substantially. It sent them, but it is not over yet. Interest rates will go much, much higher because we have friend, not just we, but central banks everywhere have printed huge amounts of money.   Speaker 4 (00:13:17) - And whenever you print lots of money, inflation, college interest rates go higher and the usual amount of money inflation gets very high. And that always leads to central banks having to raise interest rates too high level because they don't know what else to do. In 1980, before you were born, interest rates on central US government Treasury bills, 90 day Treasury bills, interest rates were over 21%. Gosh, that's not a typo. 21% because inflation was out of control and we had to take drastic measures, which meant you have to do something like that again.   Speaker 1 (00:13:58) - That would be interesting. So to bring us up to where we are right now, the federal funds rate is basically gone from 0 to 5% since last year. Mortgage rates rose from 3% to 7% just last year alone. And a lot of nations are jacking up interest rates. Turkey just decided that they are going to raise interest rates 6.5% all at once. And some people don't think that is enough. So here we are. I mean, you talked about what happened about 40 years ago.   Speaker 1 (00:14:27) - Can Jerome Powell engineer a soft landing? Does he have any chance of doing that where he can raise rates enough to quell inflation but yet not crash the economy?   Speaker 4 (00:14:37) - No, of course not. First of all, in 1980, America was still a creditor nation. Now with the largest detonation in the history of the world. Yeah, that's staggering. And they go up every week, and the amount of money that's been printed is beyond comprehension. I don't know how they can solve this problem without really getting drastic and taking interest rates to very high levels back in 1980. The Federal Reserve had the support of the president. The president told him to do whatever you have to do because the head of the central bank was all over. It was a smart man. He knew what he had to do, but he made sure he had political support before he did it. Now, the president did not get reelected because Volcker did what had to be done. We don't have as smart a central bank head now as we did then.   Speaker 4 (00:15:31) - And the amount of money that's been printed is overwhelming. And America's debt with the largest detonation in the history of the world and we were a creditor then. So there are things that are different. So he would be worried if I were you. In fact, I am worried, so I'll leave it to you. But I'm more.   Speaker 1 (00:15:50) - Well, that's right. Carter was a one term president. We'll see if Jerome Powell ends up breaking too many things. If Biden only ends up being a one term president, then as well, whether it's his fault or not, oftentimes the onus could fall on him. You bring up all this debt, the greatest detonation in the history of the world. And maybe the first time you and I spoke back in 2019, I don't know what our debt was then. Maybe it was 25 trillion. Now it's more than $32 trillion. Maybe just as concerning. More our debt to GDP ratio is about 121%. So I guess really what I'm getting at, Jim, is how will we know that things break and things are already breaking in a world of higher interest rates with failing banks and more stress in the commercial real estate market.   Speaker 1 (00:16:37) - So what else is going to break?   Speaker 4 (00:16:40) - Jimmy Carter did say to go do whatever you have to do and I will go you. I doubt Biden would say to the central bank, do whatever you have to do without or you. And I doubt if the central bank Powell, the head of the central bank, now really comprehend what he's gotten us into. You know, he kept saying all along, oh, don't worry, everything is under control. The secretary of the Treasury, Janet Yellen, he's got Ivy League degrees, also kept saying, don't worry, everything is under control. We know what we're doing. We do have different people this time, not many Paul Volcker's that comes along in history. To me, the indications are going to get worse. They will not solve the problem until we have a very, very serious problem. I'm not optimistic. Having said that, if I'm not selling short or anything else at the moment, I'm worried about the markets in a year or two. But at the moment, since nobody seems to understand what they're doing at the Reserve or in the presidency, we can have okay times for a while, but the ultimate problem gets worse and worse and worse unless you deal with it.   Speaker 1 (00:17:56) - I don't know whether the economy has been slowed down enough yet or not. So in the midst of higher interest rates, we continue to create an awful lot of jobs. But there's a greater body of work that shows a lot of these jobs are just jobs that have recovered, that were lost in the pandemic.   Speaker 4 (00:18:13) - The economy is not bad in the US, economy is still strong. You mentioned office. You'll have a lot of jobs. ET cetera. Yes, we have inflation, but inflation is not as bad as it was in the 70s. And you look out the window and everything seems okay. At the moment. I'm just worried about what's coming down the road because I know that some throughout history, if you print a huge amount of money, you create big problems.   Speaker 1 (00:18:41) - We are avid real estate investors here directly investing in real estate. And as we have this chat about inflation and interest rates is real estate investors, ideally we would have low interest rates and high inflation. However, those two are positively correlated.   Speaker 1 (00:18:57) - You typically have both high interest rates and high inflation or low interest rates in low inflation. That positive correlation.   Speaker 4 (00:19:05) - Inflation always in the history has led to higher interest rates for a variety of reasons, which I'm sure you understand. If history is any guide, interest rates are going to go much, much higher eventually. And then you know very well I interest rates are not good for property, not good for real estate investors. They never have that. Even if you don't have any big debt and you don't have that problem or mortgage problems or anything, maybe your neighbors do. And if your neighbors have problems, that means their property prices will go down and that's going to affect you because you're nearby and everybody will say, oh, that property is collapsing. What about teeth? And teeth can say, Oh, no, don't worry about me. I don't have any debt. They'll say, okay, you don't have any debt, but we can buy property in your neighborhood. Very cheap because your neighbors have problems.   Speaker 4 (00:20:06) - That gives you a problem.   Speaker 1 (00:20:08) - That's right. Fortunately, Americans have plenty of protective equity in their properties despite these higher rates. You know, residential real estate here in the second half of 2023 is still doing just fine, probably because there's still a scarce supply of residential real estate. You've got more people working from home driving demand for residential real estate. But of course, office real estate has probably been hit the worst, crunched by high interest rates and the work from home trend both. So really that's where we've seen so many of the cracks in the real estate world, especially around the office space. Where else might we see cracks as interest rates continue to go higher like you think they will?   Speaker 4 (00:20:46) - Well, again, throughout history, when interest rates go higher and it attracts investors and money and people take their money out of property or stocks or whatever with their money and say yielding is you can buy the Treasury bills at 21%. That's attractive to a lot of people. And that's, you know, risk free and it's very high return.   Speaker 4 (00:21:12) - So as interest rates go higher in attracts money from other investment classes in other areas, it's very simple. People are not that dumb. We know that if we can get high interest rates safe, they will do it. And we have to take a risk and the stock market or something else for that spike to do.   Speaker 1 (00:21:33) - Sure. Higher rates just incentivize a few more people to be savers as they can now safely get above 4% in these online bank accounts today, where they are getting pretty close to 0% just a couple years ago. We talk about real estate investment. Oftentimes here we talk about improved property on a piece of land. But of course, the more traditional use of real estate is growing crops on a piece of land. And I know you've been a long time agricultural investing enthusiast and a thought leader in agricultural real estate investing. What are your thoughts about agricultural real estate, since in these past few years really we've seen more of these erratic weather patterns that have resulted in things like reduced peach yields in Georgia and reduced ores yields in Florida.   Speaker 1 (00:22:21) - Something else, Jim, we've seen reduced coffee yield in Panama, that last one, that's sort of a fractional ownership investment that we featured on the show here. Fractional ownership investment in coffee farm parcels in Panama. That's created some problems with their yield. Of course, you can see that reflected in the low levels of the Panama Canal as well that looks to threaten the economy. But what are your thoughts about agricultural real estate in this erratic weather that we've had? Perhaps that's an opportunity if that's reflected in lower agricultural real estate prices?   Speaker 4 (00:22:52) - I'm optimistic about agricultural land prices because, you know, for a long time, nobody wants to be a farmer. The average age of farmers in America is 58. The average age in Japan is 66. Mean, I can go on and on. Although the highest rate of bankruptcy in the UK is in agriculture. So agricultural disaster worldwide for a long time and disaster usually leads to great opportunities. If you know how to drive a tractor, if you should go buy yourself some farmland and become a farmer, if you like getting hot and sweaty every day, it can be a very exciting way to live.   Speaker 4 (00:23:38) - I just see I know from history when something gets very bad for a long time, it usually leads to a great opportunity.   Speaker 1 (00:23:48) - Well, you are so experienced in commodities trading in the number one, the most traded commodity in the world is oil. And it seems that the oil price really isn't very high now, especially when you adjust that for all the inflation that we've had the past few years and of course the oil market and the oil price drives the prices of so many other downstream products. So what are your thoughts with regard to the oil market and where we're headed there? Jim.   Speaker 4 (00:24:16) - I know that known reserves of oil have peaked and are in decline just about worldwide. Does it mean it has to continue going up? But unless somebody finds a lot of oil quickly in accessible areas, the price of energy undoubtedly will go higher. The price of energy is going to stay high. Oil and natural gas, whether we like it or not, and I know we don't like it, but unless you wave a magic wand and you know, in Washington, they keep doing things that they don't help the supply of energy, they they damage it because they put restrictions and controls on energy.   Speaker 4 (00:24:55) - So unless something happens somewhere in the world pretty quickly, energy is not going to be cheap.   Speaker 1 (00:25:01) - Renewables like solar and wind may be the future, but oil has a high degree of energy density that a lot of those renewables still don't. We're talking with legendary investor Jim Rogers. He's joining us from Singapore. You talked about all this dollar printing, which has created inflation. And in order for central governments and central banks to get more control over people, discussion with Cbdcs central bank digital currencies has really percolated quite a bit in the past few years here. And with your international perspective, your world view. I'd like to know what your thoughts are on Cbdcs, whether you see a proliferation of it, where you see it starting for those that aren't aware of it. Central bank, digital currencies. That gives a government central control where all money is digital issued by the central authority, where your money can be stored digitally on your phone so that a central authority like a bank or a government can have control over you.   Speaker 1 (00:26:04) - For example, if your local economy is sagging, well, the government could tell you through your cbdc, your central bank, digital currency, for example, that you need to spend 30% of your income within a ten mile radius or else your money expires. Or this would give central authorities power to do something like say, you know, there's a curfew so you can't spend any of your money after 9 p.m. or this is where they could push ESG, environmental, social and governance agendas through targeting your spending or targeting your spending through diversity, equity and inclusion and getting more control that way through Cbdc. So what are your thoughts with the proliferation potentially of Cbdcs, Jim?   Speaker 4 (00:26:44) - We're all going to have digital money in the future, whether we like it or not. It already happened and China's way ahead of it. You can't take a tax in China with money. You have to have your digital money. Your own money. Yeah. And the ice cream in China with money. So it is happening. And nearly every country is working on computer money.   Speaker 4 (00:27:06) - Let's call it whatever you want to put your money. And governments love computer money is cheaper. It's easier. They don't have to transport it all they love. But mainly they love it because they've complete control over all of us. As you point out, they know everything you do. They'll call you up one day and say, Keith, you've had too much coffee this month. Stop drinking so much. Whatever it is, they love control and they love knowledge. I don't, but they do. So this is the world we're coming to. None of us will have money in our pockets except on our own. And yes, that's the new world. It's not far away in 2023. Okay. Anything that's not good for the citizen, Washington will catch up very fast if it's good for them. So no money is coming.   Speaker 1 (00:28:00) - Yeah. Let's hope the cbdcs don't turn up the coffee for anybody. This might make one wonder, you know, what can they do about it is you see more cbdc sentiment building in other nations with them potentially doing something like this.   Speaker 1 (00:28:15) - Is it a smart thing then for someone rather than store dollars, to instead borrow dollars by having loans on real estate? Or is it better to just completely be out of the government system of currency issuance or at least park more of your prosperity outside of the government system of dollars and euros and pesos and riyals and yen, and instead into a non governmental alternative like gold or Bitcoin. Would that be a better path? What are your thoughts there?   Speaker 4 (00:28:44) - When the government says, okay, now this is money, they're not going to say, okay, but if you want to use that money over there, use their money. We don't care. Governments love control and they love Monopoly, especially when it comes to money. So there may be competing types of money that you dollars now anyway. I guess you and I could swap gold coins or seashells or something if we wanted to. Most of the people in the US use government money and that's the way it's going to be. Whether we like it or not, the government has the monopoly.   Speaker 4 (00:29:22) - They have the guns. And if you can say, All right, I'm not going to use government money, I'll say, okay, but you're not going to be able to pay your taxes, then you're money. You're not going to be able to buy a driver's license or pay your other fees with other money. You're going to have to use government approved money.   Speaker 1 (00:29:42) - Well, the government tried to shut down ownership of gold like they did previously or Bitcoin, which would be unprecedented. I'm talking about the United States government, especially in this case or other developed economies.   Speaker 4 (00:29:54) - But when the US took away the right to go in 30s, that was gold was the basis for. Monetary system. It is much, much, much more important to the world economy. Then gold is not that important in the world's economy now. It's important, but so is right. So a lot of stuff. So I doubt if they will take gold away again. I don't see them outlawing digital money currency unless it becomes very successful and competitive to the government.   Speaker 4 (00:30:30) - Then they'll do. They always have.   Speaker 1 (00:30:33) - Bitcoin's market cap is still under $1 trillion, but increasingly you do have more and more politicians that own Bitcoin and there are a few advocates for Bitcoin there in Congress. So if that's the change you want to see, maybe you want to vote in people that are promoting the holding of prosperity outside of US dollars really by being Bitcoin advocates in Congress there. That's one thing that you can possibly do. But we talk about gold and silver. You know, I really like the fact that it is scarce. Just like Bitcoin has scarcity. There will never be more than 21 million Bitcoin. And of course gold and silver have a finite supply.   Speaker 4 (00:31:14) - Well, but first of all, please remember many digital currencies, not Bitcoin, but many have already disappeared and gone to zero.   Speaker 1 (00:31:23) - And there are some Bitcoin critics out there that say something like, well, there have been more than 20,000 cryptocurrencies. So what makes Bitcoin any better? Well, I think the fact that a lot of these cryptocurrencies that have little or no utility or mean coins, so if they come by and then they die, I don't think that should diminish Bitcoin in its utility in any way.   Speaker 1 (00:31:42) - Just like there have been over 20,000 stocks in history. And if a new stock comes by that doesn't have any value or any fundamentals and it fails, it doesn't diminish the market cap leader Apple one bit at all. So I don't think it's a valid comparison to say that just because a new cryptocurrency comes and goes that shouldn't diminish or knock Bitcoin at all, just like it shouldn't Apple, if a flashy new stock comes by and dies?   Speaker 4 (00:32:06) - Well, throughout history, money has come and gone. People use seashells, people use cows, People use lots of things, glass beads all over the world. You know, the US was founded on a silver standard at 1792. Silver was the basis for the US currency that later changed to gold.   Speaker 1 (00:32:27) - What's so interesting, Jim, written in our United States Constitution, it stated that gold and silver shall be money, but of course it's not. In Nixon completely departed the last vestige of that in 1971. Yet there was no amendment written to the Constitution to supersede it.   Speaker 1 (00:32:47) - Gold and silver shall be money when it comes to currency and how one measures the prosperity in the United States. It is the dollar. We know it's going to continue to be the dollar for some period of time yet, and you can't get too many certainties in investing. And really the second near certainty we can get is that the dollar is going to continue to diminish in value. So that's why rather than save it, we borrow for real estate. Jim, wrap it up here. In this world of higher inflation, though, it's come down in higher interest rates where you tend to think they will keep going higher. What should one do, maybe especially a younger person today, You know, any direction that you would have for a younger person, a younger investor, or maybe that's even investing in themselves and developing skills themselves. So what are your thoughts?   Speaker 4 (00:33:33) - They're all investors. Young, old, whatever should invest only in what they themselves know a lot about. If you want to be successful, don't listen to somebody on the TV or in the magazine or even on the Internet.   Speaker 4 (00:33:48) - You know your program. They should invest only in what they know about you. Listen to somebody and she said, Buy X and you buy x and x goes up. You don't know what to do because you don't know why you bought it. Right? X goes down, you don't know what to do because you don't know why you bought it. So if you want to be successful, just stay with what you yourself know a lot about. You might say that's boring. Be boring If you want to be successful, be boring. You know, invest in what you know. And I cannot tell you how important that is for all investors, young or old.   Speaker 1 (00:34:31) - Yeah, well, to sum it up on rates, Jim Rogers said that governments have debt, therefore governments will keep printing. So then governments will raise rates to keep inflation in check. Remember, just last year, a lot of people didn't think that Powell would have the guts to raise rates so high. Well, he sure did. Who else did I ask about how high interest rates will go? Will, I asked you on our get Recession Instagram poll, the majority of you think.   Speaker 1 (00:35:01) - That the Fed rate will exceed 6%. And again, it's about 5% now. All right. Well, then with mortgage rates around six and three quarters now, perhaps they'd go up to about 8%. But of course, mortgage rates don't track the Fed rate in lockstep. They more closely follow the yield on the ten year note. Now, this is really interesting for real estate investors when inflation is low. So interest rates, well, in those environments, real estate people seem to love that. But you know what? Those two things pretty much cancel out. Well, since we're big borrowers as real estate investors, you get less benefit from low inflation and more benefit from low interest rates, just like high inflation and high interest rates cancel out because now you've got your debt being debase faster and a greater interest expense to pay. So really it's a wash either way. If for some reason real estate investors seem to be more concerned about high interest than they are thinking about the benefits of the high inflation and in fact, real estate investors, hey, we can totally have our cake and eat it too, because when inflation goes high, well, you can stay fixed on your low interest rates.   Speaker 1 (00:36:16) - And then when inflation and rates go low, you can refinance. So savvy real estate investors then in fact benefit from the inflation and interest rate dance. This kind of tango that they do where they stay together. If you enjoy the show here each week, do you mind doing something as a give back that takes less than two minutes of your time? Leave a podcast rating and review. The fastest way to do this is just perform a search. Either search how to leave in Apple Podcasts Review, or how to leave a Spotify podcast review. I'd be grateful that helps others find the show. And we've got a bunch of terrific episodes coming up for you here on Gray, providing you with free content and reliably showing up for you every week. I would greatly appreciate your podcast rating in review. Again, it's easiest to simply search how to leave an Apple Podcasts Review or how to leave a Spotify podcast review until next week. I'm your host, Keith Weintraub. Don't quit, dude. Adrian.   Speaker 5 (00:37:24) - Nothing on this show should be considered specific, personal or professional advice.   Speaker 5 (00:37:28) - Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC exclusively.   Speaker 1 (00:37:52) - The preceding program was brought to you by your home for wealth building Get rich education.com.