Robert Kiyosaki Warns About Stocks, Bonds, Mutual Funds — Says Bitcoin Best for 'Unstable Times'
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 is “very risky” advice. Kiyosaki stressed that gold, silver, and bitcoin are the best investments for “unstable times.”The author of Rich Dad Poor Dad, Robert Kiyosaki, gave some more investment advice this week. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter.
The famous author previously said: “I do not love stocks, bonds, mutual funds, or ETFs.” However, he noted that investors should invest in what they love. In April last year, he said bonds are “the riskiest investment” in a global meltdown. “Tragically, rookie investors follow rookie advice of 60 40 mix,” he opined, recommending investors buy gold, silver, and bitcoin “as insurance against morons running the world.” He also said in July last year: “I do not touch paper gold or silver ETFs.
As for mutual funds, Kiyosaki has said for several years: “I just don’t like mutual funds. I think they’re a rip-off.” He explained in 2019: “Financial planners are henchmen for banks and mutual funds. They sell you their products, take your money, charge you 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 a lot less risky than investing in gold, silver, and bitcoin. Some accused the famous author of pumping
If Kiyosaki prefers Bitcoin over 'God's money' you know it's real.🚀🐂
Hear,hear
Great to see prominent figures recognizing the potential of bitcoin in today's economic climate.
Binance Futures ARPA/USD.....so strong looking more strong
Bitcoin is unstable even in the stable times
No more words, already packed my Ownr wallet, ready for the next wave
Is he pro Crypto now?
$BTC is always the best
Isn't he correct though?
At last, you acknowledge $BTC
Mmhhmm
Well, he's right about that. But it's also best for stable times.
After FUD for short, now he in LONG way
He mostly promotes silver
Bitcoin not random Cryptos
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