Published: February 04, 2025 at 8:51 am
Updated on February 04, 2025 at 8:51 am
Robert Kiyosaki, the guy behind “Rich Dad Poor Dad”, is back at it again with his thoughts on the market. He’s saying we might be headed for a crash soon, and you know what that means, right? Time to look for safer havens like gold, silver, and Bitcoin. This is classic Kiyosaki, and while he’s got quite a following, I can’t help but take his predictions with a grain of salt. Have they really panned out in the past?
Let’s look at history. Kiyosaki’s predictions have sometimes seemed off. In 2016, he called for a stock market crash, but instead, we had a bull run. He warned about real estate crashes in 2017 and 2020, but those also didn’t happen. Those who listened to him missed out on some serious cash in traditional markets. But now, he’s saying downturns are the best time to invest.
So what does that mean for gold and silver? Well, they tend to do pretty decent during market downturns, but Bitcoin’s still figuring things out. It’s been volatile, and we haven’t really seen how it performs in a recession yet. Maybe it’ll do well, maybe it won’t. Who knows?
If you’re new to this whole thing, there’s a way to play it smart. Diversify your investments, so you’re not all in on one crypto. Keep your position sizes small, and use stop-loss orders to protect yourself. Maybe try dollar-cost averaging to smooth out the bumps. And for the love of everything, don’t let your emotions drive your decisions.
Kiyosaki’s all about gold, silver, and Bitcoin, but there are other options out there. U.S. Treasury securities are super low-risk and should keep your money safe during a crash. Real estate could also be a good bet, and there are options strategies out there that can cushion you against market losses. Inverse ETFs, for instance, can make money when markets go down.
So in short, Kiyosaki has some interesting takes, but I’m not sure how well they hold up. He says market downturns are where the money is, but his track record isn’t exactly perfect. If you’re in the know, you might be better off looking at the bigger picture and having a solid strategy. We’ll see how this all plays out.
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