Robert Kiyosaki Warns About Stocks, Bonds, Mutual Funds — Says Bitcoin Best for ‘Unstable Times’ – Markets and Prices Bitcoin News

The well-known creator 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 burdened that gold, silver, and bitcoin are the perfect investments for “unstable occasions.”

Robert Kiyosaki’s Funding Recommendation

The creator 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 Occasions Finest Vendor Checklist for over six years. Greater than 32 million copies of the e-book have been offered in over 51 languages throughout greater than 109 international locations.

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 this time very dangerous recommendation. I nonetheless imagine gold, silver, bitcoin finest for unstable occasions, though costs will go up and down.

The well-known creator beforehand mentioned: “I don’t love shares, bonds, mutual funds, or ETFs.” Nevertheless, he famous that traders ought to spend money on 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 working 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 quite a bit much less dangerous than investing in gold, silver, and bitcoin. Some accused the well-known creator of pumping BTC for his private acquire.

Kiyosaki has been recommending gold, silver, and BTC for fairly a while. He mentioned final December that house owners of the three investments will get richer when the Federal Reserve pivots and prints trillions of {dollars}. He predicted that by 2025, gold might 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 each time BTC hits a brand new backside.

Furthermore, the famend creator has repeatedly mentioned that he doesn’t belief the Biden administration, the Treasury Division, the Federal Reserve, or Wall Road. He has warned many occasions that the Fed is destroying the economy and the U.S. dollar. 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 creator just lately cautioned that “everything will crash” and a despair is feasible. In January, he mentioned we’re in a global recession, warning of hovering bankruptcies, unemployment, and homelessness.

What do you consider Wealthy Dad Poor Dad creator Robert Kiyosaki’s funding recommendation? Tell us within the feedback part under.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source programs, community results and the intersection between economics and cryptography.