Robert Kiyosaki, the famous author of the bestseller “Rich Dad, Poor Dad,” warns that investing in a diversified portfolio of stocks, bonds, mutual funds and exchange-traded funds (ETFs) is “very dangerous” advice. Kiyosaki stressed that gold, silver, and bitcoin are the best investments for “volatile times.”
Robert Kiyosaki’s Investment Advice
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” continued his investment advice this week. Rich Dad, Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Rector. It has been on the New York Times bestseller list for more than six years. More than 32 million copies of the book have been sold in over 109 countries and in more than 51 languages.
Kiyosaki tweeted Friday.
For years I have said, ‘Saving money& investing in a well diversified portfolio of stocks, bonds and mutual funds&is risky advice. I have said, ‘ETFs are risky advice. Today it is very risky advice. Prices will go up and down, but I still believe that gold, silver, and bitcoin are the best bet in times of instability.’
A famous writer once said.” I don’t love stocks, bonds, mutual funds, or ETFs.” However, he noted that investors should invest in what they love. Last April, he said that bonds were the “riskiest investment” in the global meltdown.” Tragically, he opined that “rookie investors follow the rookie advice of a 60/40 (bond) mix,” and recommended that investors buy gold, silver, and bitcoin “as insurance against the idiots who run the world. He said this last July. ‘I don’t touch paper gold or silver ETFs. I just want real gold and silver coins.”
As for mutual funds, Kiyosaki has said for several years.
“I don’t like mutual funds. I think they are a rip-off.” He explained in 2019, “Financial planners are the children of banks and mutual funds. They sell you their products, take your money, charge you commissions, and get rich off your money.”
Many on Twitter disagreed with Kiyosaki, saying that a diversified portfolio of stocks, bonds, mutual funds, and ETFs is much less risky than investing in gold, silver, and bitcoin. Some accused the famous author of trading bitcoin for personal purposes; others accused him of pumping BTCfor personal gain.
Kiyosaki has been recommending gold, silver, and BTC for quite some timeand has been recommending BTCfor quite some time. He said last December that owners of these three investments will get richer when the Federal Reserve pivots and prints trillions of dollars. He predicted that by 2025 gold will be $5,000, silver $500, and bitcoin $500,000. He also expects gold to soar to $3,800 and silver to $75 this year.
Furthermore, this prominent author has repeatedly stated that he does not trust the Biden administration, Treasury D
