Robert Kiyosaki Warns About Investment Products Vulnerable to Financial Crisis
Renowned author Robert Kiyosaki, known for his book ‘Rich Dad Poor Dad,’ has shared insights on investment products that are likely to be affected in the event of a financial crisis. In a recent post on Twitter, Kiyosaki expressed concern about the potential impact on millions of retirement accounts. Despite facing criticism for his previous predictions, Kiyosaki boldly stated that the S&P 500 would be the next casualty, putting 401(k)s and IRAs at risk.
“People are still laughing at those 1997 predictions. Watch for my next warning. The S & P is next, which will toast millions of 401ks and IRAs. Take care,” he warned.
Kiyosaki stressed the urgency of the situation by highlighting the fragile state of the U.S. banking system and advised individuals to diversify their investments into assets like gold, silver, and Bitcoin to safeguard their wealth.
Ridicule of Past Predictions
Kiyosaki drew parallels to his previous accurate predictions, such as forecasting the Lehman Brothers crash before it happened in 2008. He recalled how his warnings were met with laughter before they became reality. He also mentioned other accurate predictions from his book, ‘Rich Dad Poor Dad,’ including “Savers are losers” and “Your home is not an asset,” which came true during the 2008 financial crisis.
Potential Great Depression Incoming
Kiyosaki has also raised concerns about a potential Great Depression on the horizon. He believes that acquiring gold, silver, and Bitcoin is crucial for protection against a collapse and advises investors to seriously consider these assets. Additionally, Kiyosaki remains skeptical about the U.S. dollar, considering it to be ‘fake,’ and continues to advocate for investments in tangible, real assets as a more secure strategy.
Hot Take: Robert Kiyosaki’s Warning on Investment Vulnerability
Robert Kiyosaki, author of ‘Rich Dad Poor Dad,’ has issued a stark warning about investment products that are at risk during a financial crisis. Despite past criticism and ridicule, Kiyosaki confidently predicts that the S&P 500 will be the next casualty, potentially impacting millions of retirement accounts. To protect your wealth, Kiyosaki advises diversifying investments into gold, silver, and Bitcoin.
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