• Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has warned that investing in a portfolio of stocks, bonds, mutual funds and ETFs is “very risky”.
• He recommends investing in gold, silver and bitcoin as the best investments for “unstable times”.
• Many people disagreed with Kiyosaki on Twitter claiming that a well-diversified portfolio is less risky than investing in precious metals and cryptocurrency.
Robert Kiyosaki’s Investment Warning
Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has warned investors to be careful when it comes to diversifying their portfolios by investing in stocks, bonds, mutual funds and ETFs. According to him these investments are “very risky” during unstable times. Instead he recommends gold, silver and bitcoin as better investment options for such times.
Reasons Behind His Advice
Kiyosaki has been advising against stocks and mutual funds for quite some time now because he believes financial planners use these instruments to get richer at the expense of novice investors who lack proper knowledge about how these investments work. As for gold and silver coins he prefers them over paper or digital versions like ETFs because they are tangible assets with intrinsic value which makes them more reliable during economic downturns. Lastly his advice to invest in Bitcoin comes from the fact that its decentralized nature makes it immune to government manipulations which can affect other asset classes significantly like what happened with oil prices last year due to geopolitical tensions between Saudi Arabia and Russia.
Twitter Disagrees With Kiyosaki
Kiyosaki’s advice was met with strong criticism on Twitter by many people who disagreed with him saying that a well-diversified portfolio is much safer than investing in precious metals or cryptocurrencies since these assets have inherently high volatility which may lead to significant losses during bear markets or market corrections. Some even accused him of pumping up Bitcoin prices for his own personal gain given his long history of recommending this asset class over others consistently since 2017 when BTC experienced its first bull run leading up till now when it is trading close to its all time highs near $60k per coin.
Previous Statements On The Matter
In previous statements Kiyosaki had said that bonds are “the riskiest investment” during global meltdowns while also remarking that rookie investors should not follow rookie advice blindly when it comes to allocating their capital across different asset classes like stocks or bonds as part of a balanced portfolio strategy instead they should buy gold silver and Bitcoin as an insurance policy against any future market crashes caused by poor decision making from world governments or central banks printing money excessively which could lead to hyperinflationary consequences down the line if left unchecked for too long forcing people into poverty due to devaluation of their savings held in fiat currencies like USD or EUR etc .
Ultimately it is up to each individual investor whether they want to follow Robert Kiyosakis advice on gold silver and bitcoin being better alternative investments compared against traditional ones like stocks bonds mutual funds & ETFs but regardless every investor should evaluate their own risk tolerance before taking any positions so they can make sure they don’t get caught off guard when markets start turning volatile unexpectedly putting their capital at risk unnecessarily without any upside potential attached .