The RICI Committee Adjusts Index Weights

The RICI Committee decided to delete TGE Azuki Beans (0.15% Index Weight) and to increase the Index Weight of CBOT Soybeans from 3.35 to 3.5%. These are the adjustments to the Rogers International Commodity Index® (RICI®) announced today by Jim Rogers and Beeland Interests, Inc.

These adjustments will be implemented during the June 2012 roll period, which roll period occurs at the end of June 2012, and will be re-evaluated by the RICI Committee at its next annual meeting planned for December 2012.

Jim Rogers, an advocate of commodities-based investing, created the RICI in 1997 and 1998 and is the CEO of Beeland Interests, Inc., the owner of the Index which was launched with real money on August 1, 1998. The RICI Committee, currently chaired by Jim Rogers, determines the Index components and weights.

The RICI represents the value of a compendium (or "basket") of globally traded commodities (37 commodity futures contracts, upon implementation of these changes) employed in the global economy, ranging from agricultural and energy products to metals and minerals.

The RICI and its various sub-indexes are used by many investment banks and investors throughout the world. As of the end of May 2012, the RICI had increased by over 235% since inception.

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Jim Rogers, a native of Demopolis, Alabama, is an author, financial commentator and successful international investor. He has been frequently featured in Time, The Washington Post, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times, and most publications dealing with the economy or finance.

Jim Rogers reveals the long-term profit potential of the Grain ETF

Jim Rogers, who describes himself as a "hard-core unemployed, international investor" and author of "A Gift to My Children", have invested heavily in grains, but the trend has not been a friend for shareholders in the grain ETF iPath DJ-UBS Grains TR Sub-Idx (JJG). The legendary investor is so bullish on grains and other agricultural commodities that there is a grain ETF (RJA) that tracks his investments. That is small comfort however, for shareholders of grain ETF JJG, which is down almost 13% for the last 52 weeks of market action. For the last week, JJG is down 3.3%.

If price goes down you should buy a lot of oil, advices Jim Rogers

Jim Rogers shared his view that oil is a good investment over the long haul. He explained that the price of oil may well go down for a while. The reason for that is because China is slowing down, India is slowing down, a lot of places are slowing down. But Rogers believes that over a decade the price of oil is going to go through the roof.

In his opinion, the surprise is going to be how high the price of oil stays and how high it goes. Jim Rogers insured himself with the statement that this doesn’t mean it cannot go to $70 in the meantime. But if it does, the investor advises, to buy a lot of oil. He added that if the gold goes down, he will buy more.

Jim Rogers: Consider commodities and to heck with European bailouts

Jim Rogers, the American billionaire, who preferred Asia to USA, gave his advice amid all the global economic turmoil: short stocks, consider commodities. And to heck with European bailouts. Some days after the investor defined the Spanish bailout as "absurd," he amplified on his point that letting any country go bankrupt wouldn't be the worst thing.

Rogers reminded that New York City went bankrupt, the world didn’t come to an end and also Mississippi went bankrupt once, the world hasn’t come to an end. Detroit’s bankrupt, the world hasn’t ended. So if banks in ailing Spain and Greece go bankrupt, bondholders and bankers will lose money. In his opinion, what happens is you reorganize and you start over. He shared his point of view that it’s been happening for a few thousand years and here’s nothing new about it.

Jim Rogers urges investors to buy commodities

American investor and billionaire Jim Rogers continues to urge investors to buy commodities despite a current downturn. The chairman of Rogers Holdings is long known as a commodities guru, and has been calling for a long-term commodities bull market. In his opinion, if you are very good at stock picking, you can buy stocks of commodity producers. But he pointed out that the studies show that you will be the most better-off if you buy the commodities themselves.

Rogers recommends to those with less skills to buy a commodities index or an ETF. He admitted that Index and EFT investing outperform most investors 75 or 80 percent of the time, year after year. Jim Rogers laughed at the idea that the Chinese currency is approaching fair value. He thinks that the RMB will go much higher against the dollar in the next ten or twenty years. He referred to the Japanese Yen, which has gone up 600 or 700 percent against the USD over the past few decades.

Jim Rogers sees increasing risks in China's real estate

Jim Rogers, chairman of Rogers Holdings, turned bearish on China. Keep in mind that this is a country the veteran investor loves so much that he moved to Singapore in 2007 to be close to it.

Rogers admitted recently, that he expects the U.S. and Europe to slowdown in the next couple of years, 2013 and 2014. In his opinion, when you have two of the largest economic blocks slowing down, most of China — especially those dealing with Europe and the U.S. — will also have problems.

The investor sees increasing risks in China’s real estate, as the Chinese government is reported to consider loosening property control policies to arrest further economic slowdown. Rogers is worried about the fact that Chinese government loosens interest rate and bank reserve requirement ratios too soon. The Asians did this once before, and the bubble got worse, and people will lose more money ultimately.

Jim Rogers: Wanna Get Rich? Become a farmer.

Jim Rogers, American investor and billionaire, shared his insights with all those who want to become rich in the next 20 years. The co-founder of the Quantum fund revealed one money making opportunity that should work well in the upcoming decades if people put all their efforts into making this idea reality.

According to Rogers, the one thing that everyone should do is get a land and become a farmer. The billionaire believes, that if a man is competent and motivated enough, this is going to be a great business for the next 20-30 years.

So, if you’re looking for a ground floor opportunity, the thing you should do is - buy a farm. Rogers justifies his point of view with the fact that the need for agricultural commodities will drive broadly. The reason for that is the blossoming middle class of China and other emerging nations.