Jim Rogers and Paige Parker
- hsmcmrp
- hsmcmrp
- hsmcmrp
- hsmcmrp
- JeffChristy
- axolotl
- axolotl
- lcha
- axolotl
- axolotl
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» JeffChristy - Re: RICI: Rogers International Commodity Index
In response to message posted by Kirk:Kirk
If you would have clicked on the first site found in the google search you would have gotten this (email and phone numbers are at the bottom of the page:
Home | Returns | Composition & Calculating Index | Links
The Rogers International Commodity Index represents the value of a compendium (or "basket") of commodities employed in the global economy, ranging from agricultural products (such as wheat, corn and cotton) and energy products (including crude oil, gasoline and natural gas) to metals and minerals (including gold, silver, aluminum and lead). As of July 31, 1998, there were thirty-five different contracts represented in the Index. The value of each component is based on monthly closing prices of the corresponding futures and/or forward contracts, each of which is valued as part of a fixed-weight portfolio. Near month contracts on international commodity markets are employed to the extent possible. The selection and weighting of the portfolio is reviewed not less than annually, and weights are assigned in the December preceding the start of each new year.
The index was developed by Jim Rogers to be an effective measure of the price action of raw materials on a worldwide basis. The broad based representation of commodities contracts is intended to provide two important characteristics: The large number of contracts and underlying raw materials represents "diversification" and the global coverage of those contracts reflects the current state of international trade and commerce. Accordingly, In many cases, allocation of a portion of an investment portfolio in a product based on the Rogers International Commodity Index may reduce overall volatility while providing the opportunity to profit, assuming the continued growth of the global economy and that such growth translates into higher prices for those commodities.
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-- posted by JeffChristy
» axolotl - Where is it???????............
The "product" that reflects the Rogers index is a mutual fund? Jimmy used to appear on the annual Barrons roundtable and he once recomended that puts on gold or silver on the Amsterdam exchange be shorted. Obviously, he once made a lot of money and apparently still has some, but I regard him as one of those investment celebrities that get invited around a lot.-- posted by axolotl
» axolotl - Rogers Index
From an investment standpoint, the lesser commodities like silk could be ignored - the thing has been around long enough to determine if perhaps the largest 10 commodities don't pretty much dominate the price determination. I think that a fund could be established, but operating expenses could be a problem. Rogers tends too much towards rosey scenarios - China, for instance, has huge infrastructure needs that will require decades of investment - China does not have monopoly on cheap labor since India and the rest of SE Asia out number China - also, political problems may develop in China = Jimmy just gets all excited and even considers raising his daughter there - Jimmy needs to get a grip on himself.-- posted by axolotl
» lcha - Re: Re: RICI: Rogers International Commodity Index
In response to message posted by Kirk:Kirk, When they DO open their regular mutual fund, let us know. Since it is a passive fund the expenses SHOULDN'T be that high. We'll see. The only other commodity fund that I know about is run by Oppenheimer and its expenses are pretty steep.
-- posted by lcha
» axolotl - What would Jimmy do......
if he was an outsider here? He probably would look at gold mining and oil stocks that would be sort of a proxy for the RICI. ADM might be a proxy for wheat, corn and other ag commodities. There might be some commodity trading corp that will benefit from rising raw material prices. I want smart investors like Jimmy to just keep it simple= Jimmy could have told us back in Oct. to buy KOPPX, a fund that is up over 125% since then, but, apparently, riding around the world and writing books about it did not give Jimmy a clue. There are stocks right now that will double over the next year - I want Jimmy or Brinker or one of the gurus to name one - maybe TLAB is one - maybe not.-- posted by axolotl
» axolotl - Jimmy's book
I read a review of book - I have no interest in reading book itself - seems Jimmy paid $500 in Africa for what he believed to be up to $70k worth of diamonds - Jimmy should remember that if it seems to be too good to be true...... Also, hope none of those Nigerian scams reach him because apparently he might be suckered. Also, Jimmy apparently tried to locate a broker in Bogota who absconded with his money when he last was in Bogota. wired.com has story on diamonds - it appears a diamond Pentium chip is probably possible, but cost may still be too much for masses, However, DeBeers could be in trouble at long last with their diamond monopoly = I say GREAT!-- posted by axolotl
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