Nine investment tips from legendary investor Jim Rogers

Investment guru Jim Rogers, the author of 'Street Smarts: Adventures On the Road And In the Markets,' says commodities also fluctuate with the dollar. Sometimes they go up and sometimes down. They do not follow a particular rule.

Rogers advocates that to be successful and rich, a person should know about investments. He says if one can own the index then he/she will be definitely ahead of other investors.

Rogers says that to become a successful investor, one must research and do their homework.

Rogers encourages not only investors but everybody to invest in gold and silver as a form of protection and insurance.

'Everyone out there knows something whether it is fashion or sports or cars or something. If you want to be successful, stay with what you know. Do not listen to any expert or internet,' says Rogers.

Stressing upon the quality of risk appetite for investors, Rogers dismisses the idea of safe investing.

He says that don't make a investment decision based on someone else's advice or popular tips. Each investor's journey is different so they should find their own path.

Rogers says that one of greatest virtues of an investor is patience. He said most successful investors sit and wait.

Rogers believes the time is ripe to invest more in silver and commodities as inflation is rising and one always needs to be protected from inflation by owning real assets.