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Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market Paperback – Mar 27 2007


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Product Details

  • Paperback: 272 pages
  • Publisher: Random House Trade Paperbacks; Reprint edition (March 27 2007)
  • Language: English
  • ISBN-10: 0812973712
  • ISBN-13: 978-0812973716
  • Product Dimensions: 13.1 x 1.6 x 20.3 cm
  • Shipping Weight: 204 g
  • Average Customer Review: 4.2 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Bestsellers Rank: #252,063 in Books (See Top 100 in Books)

Product Description

From Booklist

Commodity investing has gotten a bad rap. Everyone seems to have heard of someone who "lost his shirt" trading commodity futures. What are commodities? Commodities are "things," the essential raw materials that go into making everything from bread to automobiles. This includes foodstuffs such as sugar, wheat, soybeans, and coffee; the fossil fuels crude oil and natural gas; and industrial materials such as lumber, copper, lead, gold, and silver. As a group, they typically do well when stocks are doing poorly, and vice versa. But unlike stocks, the price of commodities can never go to zero. Rogers, known for his world travels, his ability to size up any market, and his contrary approach to investing, says we are in the beginning of a multiyear bull market in commodities. Although he is promoting his new commodities fund, he makes a very good case that commodities belong in any balanced portfolio, particularly now. Rogers walks us through the sometimes obscure language of commodity trading, and shows us how to get involved without "losing our shirts." David Siegfried
Copyright © American Library Association. All rights reserved --This text refers to the Hardcover edition.

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 Rogersa 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) --This text refers to the Hardcover edition.

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8 of 8 people found the following review helpful By Donald Mitchell #1 HALL OF FAMETOP 50 REVIEWER on July 15 2006
Format: Hardcover
We are accustomed to reading headlines like the above in The Wall Street Journal and in the business sections of other publications. If you are like most people, you use the information to get a general sense of what future inflation might be . . . and go back to buying and selling stocks and bonds.

Jim Rogers has a different suggestion for you. Learn enough about the commodity markets so that you can consider whether they offer an appropriate alternative for investing some of your funds. His book, Hot Commodities, is designed to help you achieve that goal.

I found Hot Commodities to be an easy-to-understand introduction to the subject that will appeal most to those who know nothing. If you were alive during the commodity-driven inflation of the 1970s and 1980s, you will find this book to be a little too simple for you. But you will probably enjoy the book, nevertheless. Mr. Rogers has a straightforward, humble approach to his writing that will appeal to most.

Some may avoid this book because they don't want to use the tremendous margin that is available with commodities. That's a mistake. Mr. Rogers is suggesting a plain vanilla index-fund approach to owning a portfolio of commodities over the long term with no trading and no financial leverage. His point: During a commodity up-cycle, many commodities will rise by ten-fold. Hitting most of the rise over a 10-18 year period will provide returns that exceed what bonds and stocks usually provide.

In addition, he shows that commodities tend to be countercyclical to stock and bond returns so commodities can be a useful diversification for part of a portfolio. Interestingly, commodities have also been less volatile than stocks in the last 25 years or so.

Mr.
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3 of 4 people found the following review helpful By E. Lalonde on March 11 2008
Format: Paperback
Jim Rogers' "Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market" provides a good overview of why and how commodities outperform and are considerably less risky than equities over the long-term. In essence, unlike equities which can plummet to values of less than zero, futures contracts will always maintain a certain inherent value. Also, given the fact that the discovery is rare and the extraction process is difficult, commodities tend to have longer bull runs. While profiting from futures trading requires a basic knowledge of basic supply and demand economics, world politics and even meteorology, Rogers provides a few key examples of rising powers in China, India and Brazil and how these affecting the exchange rates of a number of commodities.

Indeed, Rogers' analysis of oil, gold, lead, sugar and coffee are quite insightful. The tendency of OPEC countries to over-inflate their petroleum reserves means that the "End of Cheap Oil" is certainly a modern reality. While gold is "sexier" than most other commodities, Rogers is somewhat hesitant about it. In spite of the fact that humans have long recognized the potential dangers associated with lead, a larger number of automobiles in China means that more lead-acid batteries will be required. Increased need for alternatives to traditional oil will undoubtedly signify new highs in the prices of sugar. Finally, Rogers teachers us that coffee is largely an American drink, but the "Westernization" of China has brought greater interest in consumption.

In spite of the interesting analysis, Rogers evidently has a few flaws.
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Format: Paperback
If you know nothing about the commodity market, this is a good place to start. Jim lays down the foundation you need to be successful in the commodity game. Remember this, never invest in something you don't know anything about. Educate yourself and research.
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