4.2 • 680 Ratings
🗓️ 21 May 2020
⏱️ 6 minutes
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0:00.0 | Reality Radio for a really great future. |
0:08.0 | We're talking real money. |
0:10.7 | Hi, I'm Tom Cock. |
0:12.9 | Batman has the Joker, Harry Potter, Voldemort. |
0:17.5 | I guess you could say the president has CNN. |
0:20.2 | And we thankfully have a guy named Robert |
0:22.5 | Kiyosaki because, well, he keeps his silly statements in the news. Silly to myself, maybe not so |
0:32.6 | much to you. Because recently he said, and this is rich dad, poor dad guy, prepare for the worst crash ever by putting |
0:41.0 | your money in three things. He says, by the way, pray for the best, prepare for the worst. |
0:45.4 | That's very kind of it. Says put your money in gold, put your money in silver, and put your money |
0:51.4 | in Bitcoin. And most of it should go in Bitcoin, he says, because |
0:54.7 | one freaking reason, you're not part of the system. Is that positive, by the way, a system that, |
1:01.0 | again, just for the record, if you put your money in a globally diversified portfolio of stocks, |
1:07.6 | going back to 1970, made more than 12% a year. You had to deal a lot of ups and downs, |
1:14.7 | especially this year. And by the way, a 6040 portfolio, 60% in stocks, 40% in bonds, again, |
1:20.6 | going back to 1970, made over 10% a year. And really, Bitcoin? I mean, this is an investment that about three years ago |
1:30.0 | was trading at over 13,000, 13,800 is now climbed back to 9,500. Gold is kind of kept up with |
1:37.5 | inflation, et cetera, et cetera. But I think it's more important to even take a deeper dive into |
1:43.2 | the investments themselves and think |
1:44.8 | about the person that's giving you this statement. Now, Robert Kiyosaki, there is no nicer person, |
1:51.1 | truly. And he's been successful. I mean, if you believe his press releases, he's got the number |
1:57.7 | one personal finance book of all time, although I bet Susie Orman would jump up and say, |
... |
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