'Rich Dad, Poor Dad' Author Robert Kiyosaki Warns This Classic Approach Will Sink Investors And Recommends These Assets To Survive 'Greatest Crash'
Portfolio Pulse from Shanthi Rexaline
Robert Kiyosaki, author of 'Rich Dad, Poor Dad', has warned investors against the conventional approach of investing 60% in bonds and 40% in stocks, predicting it will lead to significant losses in 2024. Instead, he recommends a shift to 75% in gold, silver, and Bitcoin, and 25% in real estate and oil stocks. This comes amid a setback in the equity market and a rise in gold prices. Cryptocurrencies could also see a boost if the SEC approves a spot exchange-traded fund.

October 29, 2023 | 7:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Robert Kiyosaki recommends investing in Bitcoin as part of a strategy to survive a predicted market crash. This comes as cryptocurrencies could see a boost if the SEC approves a spot exchange-traded fund.
Kiyosaki's recommendation to invest in Bitcoin, along with the potential SEC approval of a spot exchange-traded fund, could lead to increased interest and investment in Bitcoin, potentially driving up its price in the short term.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 75