As 2023 attracts to a detailed, it is time to assessment the portfolio of one of many best-known and considerably controversial figures in the monetary world: the seasoned investor and writer of the best-selling private finance guide ‘Rich Dad, Poor Dad’ , Robert Kiyosaki.
Indeed, in 2023, Kiyosaki has been firmly towards fiat cashcalling it “trash,” “fake money,” “toilet paper,” and different derogatory phrases in the previous, whereas arguing that the wealthy purchase and save what he referred to as “real assets,” resembling Bitcoin (BTC), silver, gold, Wagyu cattle and others.
1.Bitcoin
Specifically, it is no secret that Kiyosaki is an enormous fan of Bitcoin, having praised it a number of occasions through the years, labeling it as one of many three “hottest topics on earth”together with gold and silver, due to the more and more deteriorating worth of the US greenback (USD).
I’m always requested “What worth will gold, silver, or Bitcoin be in 2025. My reply is that could be a foolish query. More essential query is what number of gold, silver, Bitcoins do you could have TODAY? Gold, silver, Bitcoin are bargains in the present day… however not tommow. America is damaged. Buy GSBC…
— Robert Kiyosaki (@theRealKiyosaki) September 19, 2023
In truth, because the monetary writer revealed in February, he had “loaded the truck” and purchased a few of the foremost decentralized finance asset (DeFi) for itself when the worth of Bitcoin hit $6,000 after having seen it rise to $20,000 after which fall to just about nothing.
2. Gold
Next is one other of Kiyosaki’s favourite uncooked supplies, the goldwhich he has lengthy touted as having extra worth than the money he referred to as “junk,” and argued that, in addition to Bitcoin and silver, gold was ““the real money” for him, revealing in April that he would purchase extra even when it dropped to $1,000 an oz.
As he revealed, he went on the gold commonplace in 1972 when he first purchased the yellow metallic as a Navy pilot in Vietnam, “flying behind enemy lines in hopes of buying gold at a discount because the mine was in enemy hands.” ”in accordance to his tweet from December 2022.
3. Silver
Furthermore, in August, Kiyosaki suggested his followers to purchase one other treasured metallic: the silverearlier than it was offered out, because it drew consideration to the truth that silver was turning into scarcer, however its worth was nonetheless decrease than gold, making it a “best offer as a long-term investment”.
In truth, he promoted each silver and gold as “God’s money”, the previous turning into rarer due to its use as an industrial treasured metallic however nonetheless comparatively reasonably priced at its present worth. Interestingly, the investor himself first purchased it in 1964, when he was solely 17 years previous, as he revealed in December 2022.
4. Real Estate
In lots of his movies through the years, Robert Kiyosaki has shared that he and his spouse Kim had a substantial quantity of wealth in actual property, which is the cornerstone of their funding technique due to the twin reward system that consists in comparatively steady rental earnings and capital appreciation.
However, warning is critical, as he famous in April whereas discussing the state of the market at the moment with Ken McElroy, the writer of the non-public actual property investing guide ‘The ABCs of Real Estate Investing: The Secrets of Finding Hidden Benefits That Most of Investors Lose’ for The Rich Dad Channel podcast episode:
“Real estate is one of the most sophisticated investment strategies.”
5. Wagyu cattle
Finally, Kiyosaki can also be an avid investor in a much less anticipated commodity: costly Wagyu cattlethe breed native to Japan, raised in a stress-free setting, and its meat is thought for its distinctive, tender and buttery taste, with marbling wealthy in wholesome omega-3 and omega-6 acids.
In truth, throughout an interview in February, Kiyosaki stated he most popular belongings like gold, silver, Bitcoin and Wagyu cattle over shares, exchange-traded funds (ETFs) and paper cash, warning that the USD ‘faux ‘ was eroding US dominance in the worldwide economic system.
“I invest in livestock, you know? Wagyu cattle. You know why? Because every time the Wagyu bull breeds, I get semen, I mean cash flow. “I trust Wagyu cattle more than Joe Biden.”
Conclusion
Overall, Robert Kiyosaki is an skilled investor who understands the markets nicely, basing his funding methods on data and expertise. However, as he himself has identified, that doesn’t imply that anybody ought to blindly comply with his instance with out do your personal analysis.
