The well-known writer of the best-selling e-book Wealthy Dad Poor Dad, Robert Kiyosaki, has warned that investing in a well-diversified portfolio of shares, bonds, mutual funds, and exchange-traded funds (ETFs) is “very dangerous” recommendation. Kiyosaki pressured that gold, silver, and bitcoin are the very best investments for “unstable instances.”
Robert Kiyosaki’s Funding Recommendation
The writer of Wealthy Dad Poor Dad, Robert Kiyosaki, gave some extra funding recommendation this week. Wealthy Dad Poor Dad is a 1997 e-book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Instances Greatest Vendor Listing for over six years. Greater than 32 million copies of the e-book have been bought in over 51 languages throughout greater than 109 nations.
Kiyosaki tweeted Friday:
For years, I’ve been saying, ‘Saving cash & investing in a well-diversified portfolio of shares, bonds, mutual funds & ETFs is dangerous recommendation.’ At present very dangerous recommendation. I nonetheless imagine gold, silver, bitcoin greatest for unstable instances, though costs will go up and down.
The well-known writer beforehand mentioned: “I don’t love shares, bonds, mutual funds, or ETFs.” Nonetheless, he famous that traders ought to put money into what they love. In April final 12 months, he mentioned bonds are “the riskiest funding” in a worldwide meltdown. “Tragically, rookie traders comply with rookie recommendation of 60 (shares) 40 (bonds) combine,” he opined, recommending traders purchase gold, silver, and bitcoin “as insurance coverage in opposition to morons operating the world.” He additionally mentioned in July final 12 months: “I don’t contact paper gold or silver ETFs. I solely need actual gold or silver cash.”
As for mutual funds, Kiyosaki has mentioned for a number of years: “I simply don’t like mutual funds. I feel they’re a rip-off.” He defined in 2019: “Monetary planners are henchmen for banks and mutual funds. They promote you their merchandise, take your cash, cost you charges, and use your cash to get richer.”
Many individuals on Twitter disagreed with Kiyosaki, telling him {that a} well-diversified portfolio of shares, bonds, mutual funds, and ETFs is loads much less dangerous than investing in gold, silver, and bitcoin. Some accused the well-known writer of pumping BTC for his private acquire.
Kiyosaki has been recommending gold, silver, and BTC for fairly a while. He mentioned final December that homeowners of the three investments will get richer when the Federal Reserve pivots and prints trillions of {dollars}. He predicted that by 2025, gold will likely be at $5,000, silver at $500, and bitcoin at $500,000. As well as, he expects gold to soar to $3,800 and silver to rise to $75 this 12 months. Kiyosaki beforehand defined that he’s a bitcoin investor, not a dealer, so he will get excited at any time when BTC hits a brand new backside.
Furthermore, the famend writer has repeatedly mentioned that he doesn’t belief the Biden administration, the Treasury Division, the Federal Reserve, or Wall Road. He has warned many instances that the Fed is destroying the economic system and the U.S. greenback. In October 2021, he tweeted: “I really like bitcoin as a result of I don’t belief Fed, Treasury, or Wall Road.” The Wealthy Dad Poor Dad writer lately cautioned that “all the things will crash” and a melancholy is feasible. In January, he mentioned we’re in a worldwide recession, warning of hovering bankruptcies, unemployment, and homelessness.
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