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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: wooden ships who wrote (4295)	3/21/1998 8:18:00 PM
From: sea_biscuit	Read Replies (1) \| Respond to of 42834

That being said, the other day, a brief CNBC-TV snippet suggested, to recall it, that Rogers may be bullish on Uganda and Swaziland. No doubt those who profited from his blustery buy signal on black pepper several seasons ago took notice of his latest pronouncements. I am always amazed how Rogers can recommend such things to the average individual investor here in USA. I recall an investor from India telling me that with the primitive way of doing things in the Indian stock-markets, an investor has to be goddamn lucky to even survive, let alone prosper! Just to give an example, the transfer of shares from one person to another involves a "transfer deed" which has to be signed by the seller. Then the buyer sends this along with the share certificate(s) to the company to effect the transfer. The company verifies the veracity of the stock certificate, the validity of the transfer deed and the signature of the seller, and then effects the transfer to the buyer's name and mails the certificate(s) back to him. Just think of the numerous ways in which the investor can get shafted here -- (a) The share certificates may be duplicate, or bogus, (b) the transfer deed may not be "valid", i.e. it reached the company after the "date of expiry" stamped on it, (c) the signature of the seller was forged, (d) the documents were lost in the mail, either on the way up or on the way back (and determining as to which of these happened is in itself a challenge!). And so on and so forth. And all these, in addition to the challenge of buying a good stock at a reasonable price! And if this is the state of affairs in the stock-market, one can only imagine how the commodities market would look like! Also, if this is what can happen in a reasonably developed environment like India, one can only imagine how screwed-up the environment would be in all those godforsaken countries that Rogers talks about! I think it is downright irresponsible for Rogers to suggest that individual investors here can invest in salt, pepper, sugar and sundry items in obscure corners of the globe. If anyone is really bearish, I would rather suggest that they opt for a 25/75 equity/cash portfolio than follow Rogers' advice. Dipy.