Friday, August 03, 2007

US Housing Bubble imploding? Buy China.

Bloomberg: U.S. Housing Is Among `Biggest Bubbles,' Rogers.


China is a market that Rogers isn't selling even as the fallout from subprime drag on share prices worldwide, he said. He's sold his other emerging market holdings as stock gains outstripped the prospect for earnings, Rogers added.

``China's the next great country in the world and we must learn about investing in China, because that's where fantastic fortunes are going to be made in the next century,'' Rogers said. ``I would be looking at China very carefully.''


Bloomberg Video: Jim Rogers on China.

I suggest dollar cost averaging via Matthews Asian Funds or maybe the T. Rowe Price New Asia Fund, but note that the T. Rowe Price fund has money spread around Asia, with China making up roughly 30%.


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