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

The famous author of the best-selling book Rich Dad Poor Dad, 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 stressed that gold, silver and bitcoin are the best investments for “unstable times”.

Robert Kiyosaki’s Investment Advice

Rich Dad Poor Dad author Robert Kiyosaki offered some more investment advice this week. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages ​​in more than 109 countries.

Kiyosaki tweeted on Friday:

For years I’ve been saying, “Saving money and investing in a well-diversified portfolio of stocks, bonds, mutual funds, and ETFs is risky advice.” Today very risky advice. I still think gold, silver, bitcoin best for volatile times, even though prices will go up and down.

The famous author previously 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 bonds are “the riskiest investment” in a global meltdown. “Tragically, rookie investors follow rookie advice of a 60 (stocks) 40 (bonds) mix,” he opined, recommending investors buy gold, silver and bitcoin “as insurance against idiots running the world.” He also said last July: “I don’t touch paper gold or silver ETFs. I only want real gold or silver coins.”

Regarding mutual funds, Kiyosaki has said for years: “I just don’t like mutual funds. I think they are a rip-off.” He explained in 2019: “Financial planners are minions for banks and mutual funds. They sell you their products, take your money, charge fees and use your money to get richer.”

Many people on Twitter disagreed with Kiyosaki, telling him that a well-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 pumping BTC for his personal gain.

Kiyosaki has been recommending gold, silver and BTC for some time. He said last December that the owners of the three investments will be richer when the Federal Reserve swings and prints trillions of dollars. He predicted that by 2025 gold will be at $5,000, silver at $500 and bitcoin at $500,000. In addition, he expects gold to rise to $3,800 and silver to rise to $75 this year. Kiyosaki has previously explained that he is a bitcoin investor, not a trader, so he gets excited every time BTC hits a new low.

Moreover, the renowned author has repeatedly said that he does not trust the Biden administration, the Treasury Department, the Federal Reserve or Wall Street. He has warned many times that the Fed is destroying the economy and the US dollar. In October 2021, he tweeted: “I love bitcoin because I don’t trust the Fed, Treasury or Wall Street.” The author of Rich Dad Poor Dad recently warned that “everything will crash” and a depression is possible. In January he said we are in a global recession and warned of soaring bankruptcies, unemployment and homelessness.

What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s investment advice? Let us know in the comments section below.

Kevin Helms

A student of Austrian economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open source systems, network effects and the intersection of economics and cryptography.