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Robert Kiyosaki is spreading the word that many of his previous financial predictions are, sadly, coming true.
Given that many are deeply exposed to the ups and downs of the stock market through their retirement savings, a crash would be absolutely devastating for older Americans’ wealth.
In posts on X from earlier this year Kiyosaki wrote: “BABY BOOMERS BUST. Tragically biggest bubble in history will wipe out baby boomers because Boomers are the first generation with flimsy 401Ks. Stock market set to crash.” As well as “The S&P is next, which will toast millions of 401Ks and IRAs.”
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In a more recent post on the Rich Dad Blog, Robert Kiyosaki again pressed the issue of actively making your money work for you to protect your portfolio and your retirement.
“You don’t have to go out and buy a ten-unit apartment building or throw all of your money in the stock market. But, you have to do something! Learn about other options… just get started; do anything but rely on savings. Remember, savers are losers,” he wrote.
Kiyosaki recommends two types of alternative investments that can help protect your wealth from volatile markets.
Gold
Unlike fiat money, which can be printed anytime, gold can’t be spun out of thin air. This makes it a popular choice for those seeking to hedge their wealth against the ups and downs of public markets — and a top choice of Robert Kiyosaki, who has been investing in this asset class since 1972.
In October last year, Kiyosaki predicted, “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.”
With gold currently above $2,100 an ounce, it looks like his predictions are coming true again.
With gold prices so high, the average investor may worry that they don’t have the funds to break into this rising market. However, opening a gold IRA with help from American Hartford Gold can give you access to this stable commodity, and can grow your retirement fund at the same time.
A gold IRA combines the tax advantages of an IRA with the inflation-resistant properties of gold. American Hartford Gold is a leading dealer of precious metals, and offers IRAs and direct purchases of precious metals and coins. Sign up now for your free 2024 information guide to find out if a gold IRA is the right move for your retirement goals.
Read more: Rich, young Americans are ditching the stormy stock market — here are the alternative assets they’re banking on instead
Bitcoin
Though many people are wary of Bitcoin, the fact of the matter is that investing in it can lead to incredible wins for older Americans.
Especially as the value of Bitcoin continues to grow, and like his predictions for gold, Kiyosaki also has optimistic predictions for Bitcoin: When the virtual currency was testing $30,000 in October, he predicted, “Next stop Bitcoin $135,000.” If his predictions were to come true, it would result in an incredible lift of 277%.
Bitcoin recently surpassed $73,000, setting a new all-time high before retreating to its current price of just over 68,000 as of Oct. 24.
Choosing the right platform to invest in Bitcoin can be difficult, as there continues to be new, and sometimes untrustworthy, dealers in the market.
Coinbase, however, is the largest U.S. crypto exchange and the platform allows you to easily buy, sell, and store digital currencies like Bitcoin, Ethereum, and Litecoin. And with its own wallet service, you can store hundreds of different cryptocurrencies securely.
With over $269 billion in safeguarded assets and 245,000 partners in 100 countries, Coinbase is a trusted name in the crypto space.
Expert financial guidance
While financial guidance isn’t the first thing that Americans consider when trying to hedge their wealth against economic downturns, investing in personally tailored advice leads to great payoffs: in fact, research has shown that Americans who receive financial guidance from a dedicated professional can potentially add between 1.5% and 4% to their portfolio returns.
While you may be tempted to lean in fully to Kiyosaki’s advice, sometimes you need a more tailored approach.
With a dedicated financial advisor on your side, you can have them support you in any way you need, helping you carve the right path forward so you can continue padding your retirement fund, save for a big vacation, save more every year in taxes, and more.
WiserAdvisor offers a free financial advisor matching service that can help you connect with FINRA/SEC accredited financial advisors close to you. It’s free to search and to get matched, and your first consultation call is free.
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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
