Robert Kiyosaki Accuses Financial Planners of Dishonesty
Renowned author and financial educator Robert Kiyosaki has criticized American financial planners, accusing them of promoting a conventional investment strategy that may no longer be effective. In a video published on The Rich Dad Channel, Kiyosaki questioned the 60/40 strategy, which suggests maintaining a diversified portfolio with 60% in stocks and 40% in bonds.
“They talked about the billions of the 60/40 – 60% stocks, 40% bonds, and any idiot following the financial planner’s mantra of 60/40 is being crushed today,” said Kiyosaki.
Kiyosaki believes that this rule is ineffective, particularly due to the devaluation of the dollar. He recommends exploring alternative investment products as a more suitable option.
Preferred Investment Products
Kiyosaki expressed his preference for alternative assets and tangible investments. He saves gold and silver because he considers them to be “God’s money.” Additionally, he invests in Bitcoin as an outsider to the traditional financial system.
This perspective aligns with Kiyosaki’s longstanding criticism of the traditional financial system and his belief in tangible assets as a hedge against economic downturns.
Kiyosaki has previously advised against adhering to the 60/40 rule and has offered his own recommended mix for surviving a financial downturn. He predicts that investors following this mix will be the biggest losers by 2024 and suggests shifting to 75% gold, silver, and Bitcoin, with 25% invested in real estate or oil stocks.
Bitcoin’s Potential Rise to $120k
Kiyosaki believes that precious metals and Bitcoin are well-positioned to withstand crises and experience future price growth. He predicts that Bitcoin will reach a new all-time high of $120,000 by 2024. He also suggests that the current valuation of these assets in 2023 can be seen as a bargain.
Hot Take: Robert Kiyosaki Challenges Conventional Investment Strategies
Robert Kiyosaki, author of “Rich Dad Poor Dad,” has called out American financial planners for promoting the 60/40 investment strategy. According to Kiyosaki, this approach is no longer effective due to the devaluation of the dollar. He recommends exploring alternative assets such as gold, silver, and Bitcoin as a hedge against economic downturns.
By
By
By
By
By