Robert Kiyosaki warns against stocks, bonds and mutual funds and says bitcoin is the best solution for “unstable times”

Best-selling author of 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 advice “very risky“. Kiyosaki pointed out that gold, silver and bitcoin are the best investments for “unstable times“.

Robert Kiyosaki’s investment advice

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

Robert Kiyosaki tweeted on Friday:

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

The famous author once said, “I don’t like stocks, bonds, mutual funds or ETFs.“However, he noted that investors should invest in what they like. In April of last year, he said that bonds are “the riskiest investment” in a global collapse. “Tragically, rookie investors are following the advice of rookies in the 60 (stocks) 40 (bonds) mix“, he opined, recommending that investors buy gold, silver and bitcoin “as insurance against the morons who run the world.“He also stated in July of last year, “I don’t touch paper gold or silver ETFs. I only want real gold or silver coins“.

As for mutual funds, Robert Kiyosaki has said for several years, “I just don’t like mutual funds. I think they are a scam.“He explains 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 rich.

Many people on Twitter disagreed with Robert 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 have accused the famous author of pumping BTC for personal gain.

Robert Kiyosaki has recommended gold, silver and white gold and BTC for some time. He said last December that owners of these three investments will get rich when the Federal Reserve pivots and prints trillions of dollars. He predicted that by 2025, gold will be $5,000, silver $500 and bitcoin $500,000. In addition, he expects gold to reach $3,800 and silver $75 this year. Kiyosaki previously explained that he is a bitcoin investor, not a trader, so he gets excited whenever bitcoin is mentioned.

In addition, Robert Kiyosaki has repeatedly stated that he does not trust the Biden administration, the Treasury Department, the Federal Reserve or Wall Street. He has repeatedly warned that the Fed is destroying the economy and the U.S. dollar. In October 2021, he tweeted, “I like bitcoin because I don’t trust the Fed, Treasury or Wall Street“. The author of Rich Dad Poor Dad recently warned that “everything will fall apart” and that a depression is possible. In January, he declared that we were in a global recession, warning of soaring bankruptcies, unemployment and homelessness.

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