Robert Kiyosaki’s Investment Advice
• Famous author Robert Kiyosaki has warned that investing in a well-diversified portfolio of stocks, bonds, mutual funds and exchange-traded funds (ETFs) is „very risky“ advice.
• Kiyosaki recommends gold, silver, and bitcoin as the best investments for „unstable times“.
• He believes that financial planners are “henchmen for banks and mutual funds” and recommends avoiding paper gold or silver ETFs.
Background on Robert Kiyosaki
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has been giving investment advice for years now. His 1997 book co-authored with Sharon Lechter has been on the New York Times Best Seller List for over six years and 32 million copies have been sold in 51 languages across 109 countries.
Risky Advice to Avoid
Kiyosaki has previously said that investing in stocks, bonds, mutual funds or ETFs is “very risky” advice. He calls rookie investors who follow this advice “morons” and instead recommends buying gold, silver, or bitcoin “as insurance against morons running the world”. He also doesn’t believe in paper gold or silver ETFs because they are a ripoff. Financial advisors who recommend these investments to customers take their money and use it to get richer while charging them fees at the same time.
Predictions For 2025
Kiyosaki predicted last December that owners of gold, silver and bitcoin will get richer when the Federal Reserve pivots and prints trillions of dollars. By 2025 he predicts that gold will be at $5 000; silver at $50; and bitcoin prices will go up and down depending on market conditions.
Many people on Twitter disagreed with Kiyosaki’s views about stocks, bonds etcetera being very risky investments Some accused him of pumping Bitcoin for personal gain but he denies this claim.