Hot Commodities

Hot Commodities

How Anyone Can Invest Profitably in the World's Best Market

Book - 2004 | 1st ed.
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The next bull market is here. It's not in stocks. It's not in bonds. It's in commodities --and some smart investors will be riding that bull to record returns in the next decade. Before Jim Rogers hit the road to write his bestselling books Investment Biker and Adventure Capitalist, he was one of the world's most successful investors. He cofounded the Quantum Fund and made so much money that he never needed to work again. Yet despite his success, Rogers has never written a book of practical investment advice--until now. In Hot Commodities, Rogers offers the lowdown on the most lucrative markets for today and tomorrow. In 1998, gliding under the radar, a bull market in commodities began. Rogers thinks it's going to continue for at least fifteen years--and he's put his money where his mouth is: In 1998, he started his own commodities index fund. It's up 165% since then, with more than $200 million invested, and it's the single-best performing index fund in the world in any asset class. Less risky than stocks and less sluggish than bonds,, commodities are where the money is--and will be in the years ahead. Rogers's strategies are simple and straightforward. You can start small--a few thousand dollars will suffice. It's all about putting your money into stuff you understand, the basic materials of everyday life, like coal, sugar, cotton, corn, or crude oil. Once you recognize the cyclical and historical trading patterns outlined here, you'll be on your way. In language that is both colorful and accessible, but Rogers explains why the world of commodity investing can be one of the simplest of all--and how commodities are the bases by which investors can value companies, markets, and whole economies. To be a truly great investor is to know something about commodities. For small investors and high rollers alike, Hot Commodities is as good as gold . . . or lead, or aluminum, which are some of the commodities Rogers says could be as rewarding for investors.
Publisher: New York : Random House, c2004.
Edition: 1st ed.
ISBN: 9781400063376
140006337X
Branch Call Number: 332.6328 R727
Characteristics: xix, 250 p. : ill. ; 25 cm.

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r
ricardohdz
Mar 15, 2018

A short book that covers the basics of commodities and explains them through its fundamental measure: supply and demand. The author also puts commodities in historical context so the reader can learn and discern about commodities cycles. A good introduction to this market as it only covers the most known and traded commodities (oil, gold, lead, sugar, coffee); not recommended for advance studies.

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1aa
Jan 24, 2018

Although books on investing can date easily (much like current affairs books), this one dates quite well. His examples are dated, as by necessity they have to be, but the principles and concepts he advocates and deploys are certainly worth serious consideration. The explanatory early chapters are clearly written, especially the explanation of shorting, buying on margin, the codes (like the letter codes for months), trading (those that close at the end of the trading day), and types of entry into investing (the type of account) ; the book as a whole is written rather informally. I found the two most interesting chapters those on sugar and coffee (of all things!). Apart from numerous mentions of the CRB Commodities Yearbook, the other relevant works are mentioned only in the text: there is no bibliography. The best aspect of the book is lengthy appendix.

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