• Discounts and special offers
  • Subscriber-only articles and interviews
  • Breaking news and trending topics

Already a subscriber?

By signing up, you accept Moneywise's Terms of Use, Subscription Agreement, and Privacy Policy.

Not interested ?

‘Crazy stocks’

Rogers points out that the stock market welcomed a lot of new participants. But these new investors didn’t take the traditional route.

“New investors are coming in. They have discovered this new thing called the stock market, it is fun and one can make money and they are betting on crazy stocks,” he says, adding that “crazy stocks are going through the roof.”

He also mentions the euphoria we previously saw around special purpose acquisition companies (SPACs).

“Everybody comes in betting on SPACs, But SPACs have been around for years. It has all happened before.”

The lesson here, as Rogers explains, is that “usually towards the end, stocks go crazy.”

Elevate Your Investments with Moby

Gain a competitive edge with Moby's expert investing insights. Our data-driven analysis and personalized recommendations empower you to make smarter investment decisions. Enhance your portfolio and stay ahead of market trends. Start your journey to financial success today at Moby.

Get Started

Commodities to the rescue?

One of the surest signs of inflation is the rally in commodity prices we saw earlier this year.

In fact, commodity prices are commonly believed to be a leading indicator of inflation. When the cost of raw materials goes up, that eventually gets reflected in the price of final products — and consumer prices go up.

Rogers knows the importance of commodities. He created the Rogers International Commodity Index in 1998. The fund that tracks the index — Elements Rogers International Commodity Index-Total Return ETN (RJI) — is up 12% year to date.

He’s also holding commodities himself.

“I own commodities and commodities certainly are going to do well because of supply constraints that are developing and the central banks will print more money eventually because that is all they know to do,” he says.

“When we have a recession, they will panic and print more money and when there is a lot of money printing, the main thing to own are real assets.”

Long and short

When asked what he would go long on for the next three years, Rogers’ response was simple: “First, silver, maybe agriculture.”

As a precious metal, silver can act as a store of value — it can’t be printed out of thin air like fiat money.

Of course, gold has the same function, but Rogers actually favors the grey metal for now.

“Silver is down something like 70 or 80% from its all-time high and gold is 15% below its all-time high,” he says. “I will buy both at the right price but at the moment, I would prefer silver to gold.

Agriculture has been another favorite sector for Rogers, and for a good reason: No matter how big the next crash is, no one is crossing “food” out of their budget.

Investing in agriculture is also becoming more accessible these days, even if you know nothing about farming.

The host also asked Rogers what he would short for the next three years.

“The one thing I would sell would be the American stock market, the FAANGs, the technology stocks in America,” he says.

Tech stocks have already plunged. Meta (formerly known as Facebook), Apple, Amazon, Netflix, and Alphabet (formerly known as Google) — which make up the FAANG — are all deep in the red year to date.

Sponsored

This 2 Minute Move Could Knock $500/Year off Your Car Insurance in 2024

Saving money on car insurance with BestMoney is a simple way to reduce your expenses. You’ll often get the same, or even better, insurance for less than what you’re paying right now.

There’s no reason not to at least try this free service. Check out BestMoney today, and take a turn in the right direction.

Jing Pan Investment Reporter

Jing is an investment reporter for MoneyWise. He is an avid advocate of investing for passive income. Despite the ups and downs he’s been through with the markets, Jing believes that you can generate a steadily increasing income stream by investing in high quality companies.

Disclaimer

The content provided on Moneywise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.