Renowned author and financial educator Robert Kiyosaki, known for his groundbreaking book “Rich Dad Poor Dad,” has made serious accusations against American financial planners. In a recent video posted on The Rich Dad Channel, Kiyosaki challenged the traditional 60/40 investment strategy often advocated by financial experts. According to him, the strategy that recommends a diversified portfolio of 60 percent stocks and 40 percent bonds is no longer valid in today’s economic environment. He pointed to the leading cryptocurrency Bitcoin and precious metals for a good portfolio.
Kiyosaki criticized the financial system: The pioneer prefers cryptocurrency
In harsh words, Kiyosaki accused American financial planners of fraud and called them “liars”. He emphasized that blindly following the 60/40 strategy could lead to financial ruin in the current economic environment. The author of the best-selling books noted the ineffectiveness of this once reliable approach, especially in light of the ongoing devaluation of the dollar. Kiyosaki’s criticism stems from his belief that the traditional 60/40 strategy is no longer suitable for investors given improving economic conditions.
As a result, he urged individuals to explore alternative investment options to protect their wealth. In addition to criticizing traditional strategies, Kiyosaki also outlined his preferred investment products. He expressed a strong preference for alternative assets such as gold and silver, which he called “God’s money.” Kiyosaki also explained his interest in Bitcoin, emphasizing that he sees these alternative investments as a way to stay outside the boundaries of the traditional financial system.
Kiyosaki has long advocated precious metals
Kiyosaki’s advocacy for precious metals dovetails with his long-standing belief in tangible assets as a hedge against economic downturns. This perspective has been a consistent theme in his financial teachings, encouraging individuals to consider alternative assets beyond the conventional wisdom of the 60/40 strategy.
Robert Kiyosaki’s latest insights into investment strategies continue to challenge the status quo. As he predicts a significant financial downturn, his recommendation to invest in 75% gold, silver and Bitcoin and 25% real estate/oil stocks is intended to provide investors with a survival guide during what he predicts will be the biggest crash in the world. Amid economic uncertainty, Kiyosaki’s unconventional approach leads to a reevaluation of traditional investment advice.
From Kiyosaki’s perspective, precious metals, along with Bitcoin (BTC), are well positioned to withstand the crisis and are poised for future price growth. For example, he argued that Bitcoin would reach an all-time high of $120,000 in 2024 and cited Bitcoin as the preferred investment option at a time when America is struggling with high inflation.
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