Product Description

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 best–selling books Investment Biker and Adventure Capitalist, he was one of the world’s most successful investors. He co–founded 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 low–down on the most lucrative markets for today and tomorrow. In late 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 copper, 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 colourful and accessible, 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 aluminium, which are some of the commodities Rogers says could be as rewarding for investors.

Product Details

• Amazon Sales Rank: #66072 in Books
• Published on: 2007-03-30
• Original language: English
• Binding: Paperback
• 272 pages

Review
"Hot Commodities, published this year, is a testament to his bullish outlook on the [commodities] sector" (Financial Times, 21 December 2005)

"...a great book for anyone looking for an easy–to–understand treatise on commodities..." (TheMotleyFool.co.uk, February 2005)

"...[Jim Rogers′s] commodities book is first class and one that I would strongly recommend, ..." (The Independent, 5th February 2005) 

"Hot Commodities is an easy–to–read introduction to the world of commodity investing." (Professional Investor, September 2006)

The Independent, 5th Feb 2005
"...[Jim Rogers's] commodities book is first class and one that I would strongly recommend, ..."

Financial Times, 21st Dec 05
"...Hot Commodities, published this year, is a testament to his bullish outlook on the [commodities] sector..."

Customer Reviews

Anyone can invest profitably in the world's best markets
In his book `Hot Commodities", Jim Rogers gives us an account why he thinks investors should stop ignoring commodities as these potentially offer a better rate of return than running after stocks, bonds, real estate, some currencies or timber (that's an interesting one).

The first four chapters of the book give you the nuts and bolts of investing in commodities accompanied by plenty of anecdotes from Rogers' own investment activities. Of this first half of the book, chapter 4 is by far the most important. You need to know this information inside out, otherwise there is little point in investing in the futures market.

In the second part of the book - chapters five to the end - Rogers explains why China is likely to drive commodity prices in future largely based on where it is going economy-wise and even though there are certain long-term risks with regards to China's political stability, this is unlikely to dent much the country's demand for raw resources. Rogers follows this up with looking at five commodities, namely, oil, gold, lead, sugar and coffee. Some of his thoughts are quite convincing, but at the end of the day you will have to make up your own mind. In fact Rogers mentions on more than one occasion that every investor must do his own research before committing his money.
In his conclusion, Rogers again urges the investor to look `deeply' into commodities if only that it should make any investor a better investor even if he only ever invests in stocks and bonds.

I also urge you to read the appendix. You will find the information given here quite useful.

This book was published in December 2004 but this does not make it history as many of the underlying fundamentals of commodities are little changed.

Excellent advice for the beginner
A study of the history of supply and demand of the commodities is essential reading for nayone wanting to trade. But don't forget the basics that apply to ALL trading, namely CUT YOUR LOSSES! Obviously commodities is more about supply and demand than stocks and bonds, so when the spot price is higher than the futures price, current demand is greater than supply and price will rise. Great book which should be part of every traders library.

The next big thing is, things.
THIS BOOK PUTS FORWARD A STRONG CASE FOR DIVERSIFICATION AWAY FROM STOCKS AND INTO COMMODITIES. GIVEN THE CHANGES IN THE SUPPLY AND DEMAND DYNAMIC DUE TO UNDERINVESTMENT AND THE RISE OF CHINA AND TO A LESSER EXTENT INDIA, WE ARE IN THE MIDST OF A COMMODITIES BULL RUN WHICH COULD CARRY ON WELL INTO THE NEXT DECADE. THE AUTHOR ALSO POINTS OUT THAT IN THE PAST, THE COMMODITIES MARKET HAS HAD AN INVERSE RELATIONSHIP WITH THE STOCKMARKET. RECOMMENDED.