Rich Dad, Poor Dad Author Advises on Navigating Impending US Market Crash: Consider a Shift to....

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Financial guru and author of "Rich Dad, Poor Dad," Robert Kiyosaki, is sounding the alarm for investors, predicting a market crash in 2024. Dubbing those who adhere to traditional investment strategies as "Ship of fools," Kiyosaki took to X (formerly Twitter) to issue a warning.




In a tweet on Sunday, Kiyosaki criticized the conventional wisdom of investing in a 60/40 portfolio of 60% bonds and 40% stocks, stating that such investors will be the biggest losers in 2024. Instead, he advised allocating 75% of investments into gold, silver, and bitcoin, with the remaining 25% in real estate or oil stocks to mitigate potential losses.

Highlighting the severity of his prediction, Kiyosaki urged investors to reconsider their current investment strategies before it's too late. He emphasized the importance of diversifying assets to weather what he believes will be the greatest crash in world history.

Supporting Kiyosaki's outlook, gold bull Peter Schiffas suggested that gold may never dip below $2,000 again, indicating a bullish trend for the precious metal. Echoing Kiyosaki's sentiments, a user noted that the 60/40 advice may have been suitable in the past, but with changing times and increasing debt levels, new strategies are necessary.

Others expressed gratitude for Kiyosaki's insights, with one user mentioning their decision to invest in bitcoin after reading his book. Recognizing the wisdom in spreading investments across different asset classes, another user commented on the importance of diversification.

While some users acknowledged the significance of Kiyosaki's warning, others expressed skepticism or humor, with one user humorously noting their tendency to tune out when someone prefaces advice with "forever and ever." Nonetheless, many users seemed to heed Kiyosaki's advice, acknowledging the potential severity of the impending market crash.

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