Why this legendary American investor moved to Singapore | Jim Rogers
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- Опубліковано 9 чер 2024
- Meet Jim Rogers, a legendary American investor with a net worth estimated at 300 million dollars. Once a partner with George Soros, he retired from trading at 38 and took a motorcycle trip around the world. And 16 years ago, Jim moved to Singapore. In our chat, he revealed why he still rents his house in Singapore, the importance of having multiple passports, and what Lee Kuan Yew told him upon his arrival. Enjoy!
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TIMESTAMPS:
00:00 INTRO
00:25 Why Singapore?
01:28 Singapore 23 years ago
02:16 Best things in Singapore
02:42 Importance of having multiple passports
03:25 First Impressions of Singapore
04:18 "Asia is the future"
05:12 First big money
05:58 Money principles
06:57 Driving around the world on a motorcycle
08:33 "I don't need posessions"
09:33 Buyng a property principles
11:37 Jim Rogers predictions
12:19 Investment mistake
12:57 The best investment
13:19 Investing tips
14:18 Life principles
16:24 How does it feel to be 80
17:22 The hardest time in life
18:42 Regrets in life
20:00 Jim Rogers advice
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#JimRogers #MaxChernov #Singapore
What other legends do you want me to interview?
Warren Buffett
Joseph Schooling, our Olympic Gold Swimmer ?
Peter Lim, the investor and soccer club owner ?
Fandi Ahmad, Soccer King ?
For sure Sir Dayson. Based in Singapore.
Eduardo Saverin
George Goh
I am in my early 60s and retired at 53. Lots of people gave me pushback because they had difficulty grasping the concept of not working if you don’t have to. I looked at my life as stages. I earned everything I have now through a lot of hard work, but I owe it to myself to “stop and smell the roses” in my final stage of life. In my case I left the country after I retired and live in Latin America. It allowed me to get away from all the negative things happening in America while appreciating my new environment. I have yet to meet anyone who regrets retirement.
Nice way to retire. For me, I believe retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My wife and I both spent same number of years in the civil service, she invested through a wealth manager and myself through the 401k. We both still earning after our retirement.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
It's unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than a million dollars by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. When I was starting out, I checked out a couple of freelance investors online, so you could do the same. I personally work with “Colleen Janie Towe”, and she's is widely recognized for her proficiency and expertise in the financial market. With a comprehensive knowledge of portfolio diversification, she is acknowledged as an authority in this field. Most likely, her deets can be found on the net, so you can confirm yourself.
This is the best interview of Jim Rogers in a long time! Congrats!
Getting Jim Rogers on your channel is a breakthrough. Congrats!
Breakthrough? lol. Rogers will accept interviews from channels of any size. I've seen him on channels with 50 subs, You clearly have no idea about Rogers' grift. He makes all of his money from PR. He's a terrible investor. And I have proven that for years.
Looking forward to learning from your investment expertise
@@avainvestmentanalytics Can you provide a link to the terrible investing he's done?
@@Caleb_Mandrake872 Why not ask Rogers to reveal his investment track record? The only way to assess his performance is based on his public recommendations which have been terrible. Check my website. I have exposed Rogers in dozens of videos and articles. He's a total fraud. The same with Peter Schiff, Harry Dent, Jim Rickards and the rest of the "experts" promoted by the media.
Incredible, you managed to interview Jim Rogers!! A wise and humble man who doesn't flaunt what he has and prefers experiences over material possessions.
I'm so impressed by his two daughters who speak perfect mandarin ... And you are also somebody yourself for Jim Rogers to grant you an interview ....congrats max
Very smart and candid advice coming from one of the richest men in the world. Wish him ling, happy and successful in years to come.
Amazing interview, I met Jim Rogers in person - in the back stage - when I was based in Singapore. He took a speech at the Raffles hotel, in 2010. Extraordinary and genuine person.
He got some wisdom. It’s better to be happy and not rich then to be rich but unhappy. So many unhappy rich people out there right now.
In a way, I liv my life like that. Happy but not rich. Never mind. I have my health, my daily meditation, my mission in life ahead of me. Life is great and wonderful when you know how to enjoy it the way your inner self wants to enjoy it. Don't listen to your mind or your body, listen to your soul.
There are way too many unhappy people in the world today because they dunno how to listen to their soul. I learnt how to listen to my soul from my enlightened master. Still learning everyday.
you are incredible! It is definitely a great experience to get to interview the legendary Jim Rogers!
Singapore:
Competent
Good to do business with
Good sense of humor
Clean, well organized
Loved your questions at the end Max and Jim's answers. Thank you for setting this up and sharing.
Our pleasure!
If Jim is reading this, don’t feel that you missed the train in China of 1984. It was just the beginning of growth. Many people got burnt even when many got rich. You could have been burnt… anyway fully enjoyed your sharing and yes indeed we have to love what we do. While many a times the decisions we made are to survive and live a life, we ought to also look to the future. The future is always bright as it is in our hands to make it good.
To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Paula David focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
I'm surprised you know her too, I've been making a lot of profit investing with her for a few month now.
You invest with Paula too? Wow that woman has been a blessing to me and my family.
I invested with Paula too, she understands every beginners intention and fix you to a trading plan that matches your capacity.
Any information on how i can reach her, i'm new at this
I was skeptical at first until i decided to try. Its huge returns are awesome, can't say much
Very wise and experienced guy.. Be happy is the most important thing in life.. Whether you are rich or poor.. I can feel what he mean..
I'm born and bred here in Singapore.
I don't have anything against the legendary investor or foreigners, so my feedback represents just general
personal thoughts as a local.
I do not represent anyone nor my country. It's possibly a touchy post but I'm unafraid. As is.
The author mentioned below there's "nothing wrong" with being a "global citizen".
Multiple passports of "global citizens" for me reek of disloyalty should anything
turn southwards in our country - they are ready to pack and just leave in a jiffy because
they don't really feel anything for our country - it's just a convenience for them and their families
and relying on the security and perks our country provides.
Foreigners who came here in the 1960s came to make their living, and to settle here.
They made Singapore home. Toiled and worked hard.
Foreigners today come here in different situations for different reasons.
There is loyalty and assimilation into our populace regardless of a person's wealth.
If they are disrespectful of our country, and behave in an entitled manner just because they are the
who's who with wealth, and are super talented, no local here gives a fart about these types - they can please
just pack and leave. These aren't welcome regardless what the government says.
If they are respectful of our country and people, and contribute in good positive manner in assimilating
into our way of life, to make Singapore their home, because they have grown to like our country and genuinely try to blend in,
to assimilate into our populace, and make their life here, a cosmopolitan citizens I believe most Singaporeans understand the issue
of foreign talent on our soil and we welcome them. We like nice, well-mannered people who add flavour and good will when here.
They want to be part of our country, to live and stay and they will support Singapore with their own blood as we would.
What we can't tolerate is the attitude of some (wealthy or otherwise) foreigners today treating our country like a holiday pad
in pompous manner just because of.... their wealth / stature / foreigners "who know it all"? We are generally a respectful, peaceful people
and most will not take to any foreigner who is rude, or behaving in entitled manner for all the perks they enjoy while here on a long stay,
regardless of their stature. They are certainly not entitled to their life here on long term basis without anchoring down and aren't welcome
if they don't mind their manners or blend in.
I have a number of foreign friends here and they are some of the nicest people I've met and I deeply enjoy their company.
Many come on work stints and some leave, others love it and stay
on to make Singapore their home. They feel for and become one with us.
So it's very much dependent on the type of foreigner on our shores. Most native people in any country
don't take to fleeting "global citizens" with multiple passports who feel entitled to enjoy the country only to fly
by night because they don't feel sense of belonging here. And that's ok, just rein in the attitude please.
Flip side : yes we have our rude citizens here as well towards well-meaning foreigners for no apparent reason, so it runs both ways.
But small %.
No one wants the attitude or trouble. Just be mindful and respectful both ways. Be loyal in thin times. Stay and help how you can
and everyone's happy.
Great interview, Max! I've enjoyed watching many of your interviews. So, you are the FIRST (and most probably the only one) vlogger I'll subscribe.
Great interview so wise 🦉!
I agree with him that you shouldn’t talk about how much things cost or how much you have.
Nice interview Max.
I met him a few years ago at a coin fair in Singapore. We were both going after North Korean gold coins. Got a book autographed by him too. I learnt alot about the world from him
A great interview.
Your best guest yet.
Great job.
Singapore is safe ..everyone reaches a stage..where besides health..safety comes first..one can enjoy one's 'wins' in comfort and feel more secure..physically, mentally, financially.
Dhanyabad (thanks ) to max and Jim from nepal 🇳🇵
Wow Jim Rogers! Glad to see this interview
Good job landing Jim Rogers 👍🏻
Yes, I'm impressed, too.
Awesome 👍🏻 Love this interview. Will share it to my family & friends. Thank you 🎉 Max
he lived a life well lived to the fullest
These interviews are awesome, thanks for that! Greetings from Brazil 🇧🇷
Thanks for watching! Brazil ♥️
Great interview.
Valuable life advise, thanks!
One of your best interviews! And nothing more fitting than with a top gun! Kudos to you Max! 🙌🏼
Love him , great advices Jim roger
Love his philosophy! Super interesting interview 👍
Great interview with pearls of wisdom!
Thanks for putting so much effort for the great video content👍👍👍
I’m loving the growth of this channel. Congratulations on the big fish
Good advice, Jim, and all the best!
Jim Rogers investing style is his insane knowledge of global geography. He knows every countries ins and outs and is able to find opportunity where others just see poverty
Knowledge is never insane. Purposeful ignorance is insane.
Insane means good in the aforementioned context.@@goedelite Like "uncanny".
Dear max I’m an avid fan of all your content and sometimes start my days with your videos to get motivated and inspired. A small request most of your videos are based on Singaporean and Malaysian expat experience. I would really love to see your take on how expats have performed in other south East Asian countries as there are hidden gems, success stories and opportunities in other cities as well.
Max, you are well connected! Well done.
I always wondered if Max would dress up (suit and tie) to interview Jim Rogers. Glad to see that he's still in his casual black T-shirt. Goes to show that he treats all his interviewees the same!
yeh, I'm not a suit type of guy haha
Insightful and interesting.. great interview!
Lving in Singapore for so many years but renting a house, a really funny legendary investor.
Yeah, if I were Jim Rogers, I would have bought a property when prices were not as exorbitant during those period as now. With the rent that he keeps paying all these years, he could have bought a property as a form of investment.
His passive income is massive and it’s other people’s money lol. As a PR he can’t buy his huge landed home unless he begs SG gov for permission, and there are advantages of renting instead of buying such as if a storm tears the roof or old pipes and wires and plumbing needs changing. He can still invest in properties by buying into REITs of anywhere in the world not just SG.
@@idoit5005 The landlord must be damn happy to have him as a tenant, 🤣🤣🤣
@@Iknowu-rs2cj i think so, and i think he will take good care of the property
He rents the house he lives in because he wanted to be in a certain school district. Perhaps he owns others and rents them to others. For all any of us know, he owns a skyscraper.
Congrats Max, you worked your way to the big fish himself!
he is the OG of the latest wave of expats coming Singapore
That's a terrible thing to say. Jim isn't that fat.
Awesome interview, much respect Max!
Solid interview! 👍
Michael Ma & now Jim Rogers! What a gem.
Thank you for the advice at timestamp 20:03, life is too short to do what we don't like for money.
Such a wise and frugal man
thank you Elmer Fudd on hunting awesomeness!
seriously, this has some serious nuggets of wisdom. Great interview Max.
so good
Thank u. I live in Singapore hope to drink coffee and talk with u
Some great advises and seemsto be a very down to earth guy. Thanks and congrats for getting this interview.
Sound advice from a very grounded man. 😊
He is Very Knowledgeable. And has morals. I would like to meet him.❤❤❤❤❤❤❤
Thanks a lot.
Very wise man
A true wiseman
In Singapore, Jim does not have to worry about crime, corruption, capital flight. For someone of his financial position, Singapore is secure, at least for now. I hope the peace dividend grows in Asia so that people in the region can continue to grow and build their families.
can you elaborate on capital flight?
@@calvin6429 Good governance in Singapore helps avert the dangers and horrors of capital flight.
@@user-fb7rf4kr5k 🤣
Best interview yet. Well done Mr.Vladivostok😂
haha
Sage advice, don’t share how much things cost. Thanks
A very good and insightful interview!!
Jim Rogers hasn't had a good prediction in the last 15 years.
🙏 👍 👍 👍 🙏 live long and prosper.
Thank you Jim! You basically change my life to the better ❤
Great interview, bro!
Thanks for it!
Only tell people want they need to know not what they want to know..Very wise attitude.
Met Jim previously in a dinner award
He said his family doesn’t talk how much things cost but his wife and daughter are on TikTok talking about their luxury goods and branded outfits 😅
what ttk names do they go by? would love to see
People invest with cash. I’m high and dry usually before the end of the month after deduction of expenses. I can save/invest maybe around 5% of my salary. More often than not, I have to dip into this 5% to make sure my bills get paid.
Save two dollars per day. Soon enough you will have 1000 dollars. Then, you can invest that.
Major W
I actually moved out here years go BECAUSE of Jim Roger's book "Investment Biker".
He's so important to me I even wrote his name in for President in the last US election I ever voted in.
wow
Agreed. His books got me into invesrment banking after reading about him. Also investing in China
I respect what he says about not talking how much things cost, but he is very old school. These days people often talk about how much things cost. Not purely out of curiosity but so we can plan and know what to expect and to be aware of prices
👍👏💪🇸🇬
Famous guy!
He was a good investor in the 90s but he hasn't being good one for a long time. If you had followed his advices in the last 2 decades, you would have missed a lot of opportunities and lost a lot of money too. But I do agree with him on invest in what you know.
Yes. Lol. He recently made some predictions which went flat wrong
0:06: 🇸🇬 Jim Rogers explains why he chose to live in Singapore and the importance of having multiple passports.
4:28: 🌍 The speaker believes that Asia is the future and emphasizes the importance of saving and investing money for the future.
8:11: 💰 The speaker discusses their views on money, possessions, and the next financial problem.
12:39: 🌍 Investing advice and life principles from an experienced investor.
16:10: 🌟 He reflects on his life, highlighting his experiences and regrets.
20:46: 🌟 The key to success and happiness in life is to figure out what you love and pursue it.
Recap by Tammy AI
You are not allowed multiple passports in SG!
@surinamesurname I have friends that holds multiple passports too, just legally in SG you’re not supposed to.
Don't listen to him about learning Mandarin (Sino-Tibetan) language just learning Tai-Kadai language instead.
You should interview Louis-Vincent Gave. Smart guy,
Is he based in Singapore?
@@MaxChernov no, Hong Kong, Vancouver. Look him up. He'll do Video. He's very smart on investing, Far East and world.
From a modern looking stand point I thought it was the best looking city in the world 25 years ago now I spent time in Miami and also got to see cruise port to this is the most beautiful modern city in the world
Max, just a suggestion here. Perhaps you can feature Leo Koguan next.
He is a Chinese-Indonesian / American choosing to reside in Singapore fairly recently.
I myself am rather curious what also makes him choose Singapore.
Now, THAT is a rather legit representative of Indonesian community there. 😊
Thanks, let me check him out
Smart person🎉❤
Yes! Hope all of u get citizenship. The 2 of u are real FTs. No BS.
Don't know how many years ago Jim Rogers was referring to, but China is now blue skies everywhere. So, your video footage there is bad. I went to Shanghai recently and it is blue skies everywhere, indeed. It has the most EV car penetration in the world! That's an amazing achievement.
Right now, things seem odd. The US dollar is losing value due to inflation, but it is strengthening in comparison to other currencies and commodities like gold and real estate. Because they believe it to be safer, people are going to the dollar. I'm concerned that the rising inflation may lead my $420,000 in retirement funds to lose value. Where else could we invest our money?
Personally, I'd advise finding a mentor. I'm not sure where you can find one with experience, but it seems like a good bet if you have little market expertise.
Since COVID, it has been more difficult to create a strong financial portfolio, thus I advise you to diversify. My coworker advised me to consult a financial advisor, and with their assistance during this market fall, I have really made over $120,000. Despite the ups and downs, they employed defensive methods to safeguard my portfolio and generate gains.
@@Carole974 That's incredible. As my portfolio is shrinking, how may I contact your Asset-Coach?
@@Dev_Miller "Andrew Glenn Adams" is my financial adviser. He is extremely skilled and knowledgeable in the financial sector. He is an expert in portfolio diversification and has vast understanding of the subject. I urge doing more study on his credentials. He has a wealth of experience and is a valuable asset for anyone attempting to navigate the financial market.
@@Carole974 Thank you for sharing. I conducted my own investigation, and your advisor seemed to be sophisticated and skilled. I wrote him an email and called him twice, but he didn't answer, so I scheduled a phone call.
Max you got the legend!
Man, thanks so much for your kind contribution again!
Mark Mobius and Stephen Skinner
Max, when Jim said being "on time" was a very important attribute, he gave you a weird look, lol. Were you late for this interview or something?
I was 30 minutes in advance haha
@@MaxChernov love it
Means Jim was implying Max came to the appointment too early lol
Lol
I think he has a very impressive daughter in NYGH who speaks phenomenal mandarin. She’s semi famous on Instagram.
Name?
@@bunnystrasse a quick search revealed the older one is hilton rogers , the younger one is beeland
How I would like to live his life.....to the fullest !
@10:30 cut away to a black and white bungalow 😂😂. Max are you tryin to tell us something?
Hey, this is really cool, I like his advice he is really smart man
Singapore is a success because of God's blessings.
Singapore is great, I've been there - BUT if you don't have a BIG income life is not so great there...
Legendary!
This is sooo fantastic I love Jim rogers more than Robert kiyosaki because he is a capitalist with a heart which I absolutely adore!!
Does Singapore 🇸🇬 require everyone to get the COVID vaccine or is it an individual’s decision? Thank you
It is an individual decision
Good question
on youtube...everyone likes to talk about money.
the least important thing in life is money.
really? how do you pay for your basic necessities then?
Granted money can be misused for evil deeds. Money is still one of the most important thing in life. Without it you might not get your next meal or your next most important goal in life.
The guy from Philippines was authoritarian for almost 3 decades and he had nothing to show for it, neither will the son running that mess.
SECRET #1: INSIDER TRADING without being CAUGHT 100%
Otherwise it would be gambling
eduardo saverin next!
Trying to get him