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Invest based on highest yield: investment guru

Investors should put their money on one investment product that gives the strongest yield, rather than allocating their assets in different areas, said investment guru Jim Rogers yesterday.

Rogers made the remarks while meeting President Ma Ying-jeou at the Presidential Office, accompanied by Taishin Financial Holding Chairman Wu Tung-liang and Taishin Asset Management Chairman Chen Chiung-tsan.

Rogers has a special fondness of Asia. He once sold his home in New York and moved his whole family to Singapore.

He also expressed his love for Taiwan, which he said was an economically healthy country and a close friend to China, the United States and Japan.

He said Taiwan should embrace openness — both in economy and in attitude — and should not fear the negative impact of openness.

He advised investors not to put their money in different investment products. Rather, those who wish to succeed should put all their money in one single product that makes the strongest yield, he said.

Over-diversification of assets may cause investors to lose money, he said, adding people should put all eggs in one basket and monitor that basket closely to make sure nothing happens to it.

According to Taishin Asset Management head Chen, Rogers is a master at investing and is especially strong at identifying trends. Warren Buffet has described Rogers as someone whose ability to pinpoint trends is unmatched, Chen said.

Rogers is concerned with the global raw materials market and has come up with a stock index tracking top-notch agricultural and mine companies.

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Investment guru Jim Rogers, left, shakes hands with President Ma Ying-jeou yesterday at the Presidential Office, where the two had a chat on various economic issues. (CNA)

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