Robert Kiyosaki, author of the bestseller ‘Rich Dad, Poor Dad’ and noted critic of the financial system, faced repercussions after sharing his updated view on the best portfolio allocation for investors on his official X account (Twitter).
Kiyosaki challenges the convention and condemns the traditional 60/40 model, where 60% of investments go to bonds and 40% to stocks. According to him, investors who follow this model could be the biggest biggest losers in 2024.
“SHIP OF FOOLS. Forever and ever, financial experts have promoted the idea: “Smart investors invest 60/40, 60% in bonds and 40% in stocks. In 2024, the 60/40 investor will be the biggest loser.” he said Kiyosaki.
The new model proposed by Robert Kiyosaki
Instead of conventional, Kiyosaki proposes a twist: 75% investment in Bitcoin, Gold and Silverand the remaining 25% divided between real estate and oil stocks.
Kiyosaki believes these divisions could provide more robust protection against inflation and possible economic crashes, which he believes are imminent.
Bitcoin and gold in particular are seen by many experts as assets that naturally increase in value during periods of economic instability. Gold has played this role for centuries and Bitcoin has been seen as a worthy rival since its inception.
“Before the ship sinks (global financial crash), consider a switch to 75% gold, silver and Bitcoin. 25% real estate/oil stocks. This mix will help you survive the biggest crash in world history. Good luck. Be careful.” – Rounded.
SHIP OF FOOLS. Forever and ever, financial experts have promoted the idea: ‘Smart investors invest in 60/40, 60% bonds and 40% stocks. In 2024, 60/40 investors will be the biggest losers. Before you go down with the ship, consider a shift to 75% gold, silver, Bitcoin, 25% real estate/oil…
— Robert Kiyosaki (@theRealKiyosaki) October 29, 2023
Kiyosaki reiterates his unwavering confidence in Bitcoin and believes the digital currency could soon reach a value of $135,000, a significant increase from the current price of $34,333.
It is worth noting that over the years the author has consistently recommended both Bitcoin and gold in his investment suggestions.
The change in Kiyosaki’s position and recommendations reinforces the dynamism and unpredictability of the financial markets, indicating the importance of staying up-to-date and open to different investment strategies.
Robert Kiyosaki recommends DCA
In another post published on Twitter, Kiyosaki expressed his position on the recent decline in gold and silver prices, emphasizing the importance of the dollar-cost averaging (DCA) strategy.
Widely adopted by long-term investors, this tactic involves the constant and periodic acquisition of assets regardless of price fluctuations.
The author shared a personal example to illustrate his approach. He revealed that his first gold coin was purchased for $50. Now that same coin is worth a whopping $2,000.
According to Kiyosaki, the remarkable appreciation was not the result of a single high-risk gamble, but rather patience and consistency in buying hedge assets.
Kiyosaki said gold fell by $10 and silver by $14 in one day, but instead of focusing on the short term, he emphasizes the benefit of continually building safe assets over the years.
For Kiyosaki, “righting the market” by choosing the perfect time to invest, à la Warren Buffet, may not be the ideal approach for everyone. Instead, he describes himself as an “average investor” who has managed to build wealth over time through persistent accumulation.
Gold fell $10 today. Silver 14 cents. This is where ‘Dollar Cost Averaging’ pays off. Rather than aiming to pick Warren Buffet’s bottom, I’m an average investor who “accumulates” the assets I want for the long term. I have collected gold, silver, BC and real estate…
— Robert Kiyosaki (@theRealKiyosaki) October 23, 2023
Finally, Kiyosaki emphasizes that it is not necessary to be a financial genius to accumulate money. A disciplined, patient, and consistent approach, such as dollar-cost averaging, can be an effective path to financial success.
His words remind us that sometimes the simplest strategies can be the most efficient.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
