If you aren’t familiar with Jim Rogers, you should be.
Jim is the guy who co-founded the Quantum fund with George Soros. In the first 10 years Soros and Rogers worked together, the fund returned 4,200%. That’s over 45% annually.
In a new interview, Rogers has warned that the current bull market will end badly, and the subsequent financial meltdown will be the worst yet.
“I would expect it to start this year or the next… and it’s going to be the worst in your lifetime and my lifetime,” Rogers said in a July interview with The Street.
Rogers also said that the only survivors of it will be those who know what they’re doing. “And the way to protect yourself is to invest in what you know,” he said.
To prepare, Rogers says he’s staying away from twenty-somethings, who he says “don’t have enough experience.”
He’s also investing in hated markets like agriculture, and Russian and Chinese stocks.
As for gold, a traditional safe haven asset, Rogers doesn’t think it’s hated enough to buy yet, “When people say, ‘I never want to invest in gold again,’ that is when I want to invest in it… When everybody is throwing it out the window that is usually a good time to buy anything including gold.”