🥇 First rule of investing? Know when to save! Up to 55% off InvestingPro before BLACK FRIDAYCLAIM SALE

'Rich Dad Poor Dad' Author Reveals Assets He Made Fortune On

Published 2023-12-26, 06:13 a/m
© Reuters.  'Rich Dad Poor Dad' Author Reveals Assets He Made Fortune On
AAPL
-
SI
-
BTC/USD
-

U.Today - In a recent tweet, prominent Bitcoin supporter and , famous for his classic book on personal finance management “Rich Dad Poor Dad,” revealed to his army of X/Twitter followers what assets he has made the biggest portion of his fortune on.

It was not Bitcoin, silver or gold, which he often talks about in his tweets, and not even Silicon Valley technology startups, according to his tweet.

Kiyosaki names shares he made most of his money on

Robert Kiyosaki announced that he was planning to visit VRIC – Vancouver Resources Investment Conference – in British Columbia, Canada, on Jan. 20-21, 2024. The financial guru emphasized the importance of this event since he believes that the future of stock and bond markets will depend on start-ups working with resources and not Silicon Valley technology start-ups.

Kiyosaki confessed that he has made the largest piece of his present fortune, investing into the industry of resources, not technologies. “I got my start as a startup at the VRIC 25 years ago,” he said, adding that he will certainly visit this conference this time as well. He believes that the upcoming boom in the world of investment depends exclusively on the sphere of resources and start-ups that will be working in it.

Kiyosaki promotes Apple (NASDAQ:AAPL) stock and sticks with Bitcoin

In October this year, however, the author of “Rich Dad Poor Dad” tweeted that he was considering , since the company’s chief executive Tim Cook was selling his personal stash and the Apple share price was plunging hard as Keybank had downgraded Apple.

Kiyosaki thought this was an obvious sign that those shares were worth buying should the AAPL price drop below $150 per share. Over the past half year, the lowest AAPL has gone so far was $166.89 on Oct. 26. At the time of this writing, these shares are changing hands at $193.60, showing a 4.50% increase over the past six months.

However, as safe haven assets, Kiyosaki still prefers to stick with Bitcoin, silver and gold, as he has stated in multiple recent social media posts. He believes the next stop for the flagship cryptocurrency will be $135,000.

The top precious metal will be $2,300 per ounce, and he also expects silver to reach $68 per ounce. That prediction was made in late October; back then, Bitcoin was testing the $30,000 level.

This article was originally published on U.Today

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.