#790 A book「ジム・ロジャーズ大予測」(”JIM ROGERS’s big prediction”)
「ジム・ロジャーズ大予測」(”JIM ROGERS’s big prediction”)
A book store in my town reopened this week since the government restriction has been lifted recently.
I bought a book called 「ジム・ロジャーズ大予測」(”JIM ROGERS’s big prediction”). Jim Rogers is a famous investor. This book was published for his special interview about the coronavirus crisis.
He has a unique and interesting theory.
He always says “If you were a 10 years old Japanese boy, get out from Japan and buy a gun to protect yourself.”
“Invest in North Korea. Buy the land of North Korea.” blah-blah-blah
This time, I learned 3 things from this book.
You should open bank accounts in foreign countries.
Cheap yen and inflation will lower the value of Japanese yen in the future. Assets and pension will no longer be reliable. You should open bank accounts in foreign countries. If it is too much trouble, buy foreign stock, bonds or ETF.
You should definitely invest in agriculture in Japan.
Japan produces very high-quality agricultural products. It is important to increase production and promote these products to world-wide as the main marketing strategy. Farmlands in Japan are very cheap and in large supply. You should definitely invest in agriculture if you have the money to do so. The future looks bright if you can gather enough young people or foreign workers to work in this field. Retired people may also be part of the workforce.
It is actually a good thing that the Olympics is cancelled.
The Olympics is not meant to provide significant economic benefit to the general public. No country was ever saved by hosting the Olympics in the past, because of the huge debts involved. Instead of worrying about hosting the game, I think the Japanese people should worry about paying the debts afterwards.