Robert Kiyosaki, the influential author of Rich Dad Poor Dad, recently issued a stark warning to his followers about the current investment climate on X (formerly Twitter).

He characterized the current era as becoming “weird” and advised individuals to exercise caution when considering advice from ostensibly credible sources. Kiyosaki’s message is unequivocal: not all advice is beneficial, particularly in a market where eccentricity can result in investments that are misguided.

Kiyosaki: The Perils Of Misleading Advice

The cautionary tale of Kiyosaki is based on a personal anecdote concerning Iraqi dinars. He described how a woman approached a friend and recommended investing in these dinars, asserting that “Jesus told me to tell everyone that Iraqi Dinars are the safest and the finest.”

This unconventional endorsement prompted Kiyosaki to underscore the significance of evaluating the source of financial advice. In uncertain times, even well-meaning advice can lead investors astray, as he stated, “Be extra careful” about whom you attend to.

Many individuals who are currently navigating an increasingly intricate financial landscape will find his comments to be resonant. Consequently, the likelihood of succumbing to fraudulent recommendations increases as a growing number of individuals utilize social media platforms to obtain investment advice.

Kiyosaki’s cautionary tale serves as a reminder that mere assertions of divine inspiration do not necessarily imply that the advice they offer is sound.

BTCUSD trading at $61,713 on the daily chart: TradingView.com

A Change In Investment Strategy

But he still urges for a systemic change in investments, using these cautionary tales. He thinks the old 60/40 stock-to-bond formula is outdated and flawed.

He recommends that investors should invest 75% of their portfolios in gold, silver, and Bitcoin while keeping the remaining 25% in real estate and oil stocks. His motive is to make a cushion against what he believes is going to be one of the worst financial catastrophes in history with this diversification.

Robert Kiyosaki. Image: New Trader U

What is unique about Kiyosaki’s belief in Bitcoin is that he feels it will hit $1 million per coin by 2030. He wants his followers to begin stockpiling Bitcoin and accumulating precious metals now. He argues that such assets will act like a safe haven when the national currencies decline.

Preparing For Uncertain Times

Kiyosaki cautions that the future may be bleak for money as we know it. He emphasizes the potential impact of advancements in artificial intelligence on global finance. He believes that AI has the potential to significantly disrupt traditional financial systems and contribute to economic upheaval.

Kiyosaki advises against investing in bonds or storing money in anticipation of this impending turmoil. Rather, he suggests that one concentrate on tangible assets, such as genuine gold and silver coins, which could be utilized as cash during times of crisis. His perspective is indicative of the increasing sentiment among investors who are seeking stability in the face of uncertainty.

Featured image from Early Christian Texts, chart from TradingView



Read the full article here

Share.

Leave A Reply

Your road to financial

freedom starts here

With our platform as your starting point, you can confidently navigate the path to financial independence and embrace a brighter future.

Registered address:

First Floor, SVG Teachers Credit Union Uptown Building, Kingstown, St. Vincent and the Grenadines

CFDs are complex instruments and have a high risk of loss due to leverage and are not recommended for the general public. Before trading, consider your level of experience, relevant knowledge, and investment objectives and seek financial advice. Vittaverse does not accept clients from OFAC sanctioned jurisdictions. Also, read our legal documents and make sure you fully understand the risks involved before making any trading decision