‘Rich Dad Poor Dad’ author warns stock market crash is near and touts bargains

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  • Robert Kiyosaki expects the prices of stocks, bitcoin, gold, silver and real estate to fall.
  • The ‘Rich Dad Poor Dad’ author urged investors to be bold and buy discounted assets during a crash.
  • Kiyosaki previously advised stocking up cans of tuna and baked beans to anticipate inflation.

Robert Kiyosaki sounded the alarm about an impending stock market crash and urged investors to pounce on emerging bargains, in a pair of recent tweets.

“All markets are collapsing: real estate, stocks, gold, silver, bitcoin”, Kiyosaki tweeted after the S&P 500 fell 3.4% and bitcoin fell 6% on Friday.

US housing demand has fallen as rising interest rates drive up mortgage costs, while gold and silver prices have fallen sharply over the past two weeks.

The “Rich Dad Poor Dad” author and personal finance guru noted in a tweet on Monday that he had borrowed millions of dollars to buy discounted real estate during the financial crisis. He continues to view periods when asset prices fall as the best times to get rich.

Kiyosaki diagnosed the “biggest bubble in the history of the world” last summer and predicted it would be followed by the “biggest crash in the history of the world” once the Federal Reserve raised interest rates. interest in cooling the US economy.

“THIS CRASH IS HERE,” he tweeted on Monday. “Millions will be wiped out,” he added, urging investors not to panic and instead take advantage of the discounts on offer.

The founder of Rich Dad Company and Rich Dad Global previously recommended buying gold, silver, and bitcoin when their prices fall, in an effort to profit from their recovery.

“The good news is that the best time to get rich is during a crash,” he said in December. He also described the July sale as the “BIGGEST SALE on EARTH”.

In recent months, Kiyosaki has suggested people stockpile cans of tuna and baked beans, as well as household items such as trash bags and toilet paper, to beat inflation, which has hit a 40-year high. this summer.

Read more: Goldman Sachs: Buy These 15 Slaughter Stocks That Growth Mutual Funds Are Now Loving — Even During This Heavy Market Sell-Off

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