By Jim Rogers
He’s the swashbuckling international tourist and mythical investor who made his fortune sooner than he used to be 40. Now the bestselling writer of A Bull in China, sizzling Commodities, and Adventure Capitalist stocks a heartfelt, essential consultant for his daughters (and all younger traders) to discover good fortune and happiness. In A present to My Children, Jim Rogers deals suggestion together with his trademark candor and self assurance, yet this time he provides paternal compassion, protectiveness, and love. Rogers unearths tips on how to examine from his triumphs and errors so one can in achieving a wealthy, well-lived existence. For example:
• belief your personal judgment: Rogers sensed China’s precise strength long ago within the Eighties, at a time whilst such a lot analysts have been hugely skeptical of its clients for growth.
• specialize in what you love: Rogers was once 5 while he all started amassing empty bottles at baseball video games rather than playing.
• Be continual: Coming to Yale from rural Alabama, and in over his head, Rogers by no means stopped learning and wound up with a scholarship to Oxford.
• See the area: In 1990, Rogers traveled via six continents by means of bike, gaining a world standpoint and studying easy methods to overview customers in speedily constructing nations resembling Brazil, Russia, India, and China.
• not anything is de facto new: something deemed “innovative” or “unprecedented” is mostly simply overhyped, as on the subject of the web or television, airplanes, and railroads prior to it
• and never a section off the topic, and intensely very important: Boys will want you greater than you’ll want them!
Wise and hot, available and inspiring, A present to My Children is a brilliant reward for all these simply commencing to put money into their futures.
Read or Download A Gift to My Children: A Father's Lessons for Life and Investing PDF
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Additional info for A Gift to My Children: A Father's Lessons for Life and Investing
IMITATION CHALLENGES Even though there are more than 800 ETFs, there are a limited number of them that mimic the composition of the 130 industries found in the S&P 500. Therefore, when developing industry-level portfolios, you typically have to select a stock to serve as a proxy, or representative, for that industry. I accomplish this by leveraging S&P equity analysts’ expertise by selecting a stock within each industry that has Introduction: The Key to Investment Success the highest “buy, sell, or hold” ranking based on S&P’s STARS (Stock Appreciation Ranking System).
As a result, the 10 industries that recorded the weakest results in January also recorded an unappetizingly low risk-adjusted return in the coming 12-month period on average. Finally, we see that since 1970 the 10 worst-performing industries in January posted an average annual return that beat the S&P 500 only 39% of the time. Need I say more as to why one should typically avoid the January laggards? SECTOR LEADERS Sector performance results—for both the best and worst performers in January—were consistent with the results for the best- and worst-performing industries.
8% annual return. 8% return. Not bad. 6% compound growth rate. 4. 42. What’s more, this portfolio beat the market only 50% of the time, as shown in the “Frequency of Beating the S&P 500” column. That was no better than a coin toss! As a result, I believe this portfolio’s modest additional return was not worth the substantial increase in risk. 1% annual return. That’s nearly a doubling of the market’s return each year! 7% compound growth rate—more than 600 basis points, or 6 percentage points, of annual outperformance.
A Gift to My Children: A Father's Lessons for Life and Investing by Jim Rogers