Robert Kiyosaki, author of Rich Dad Poor Dad, has challenged the traditional 60/40 rule of investing, which has 60% stocks and 40% bonds. He believes that a portfolio of 75% gold, silver and Bitcoin, and 25% oil and real estate is better. He believes that if investors want to survive a crash of historic proportions, they need to change their strategy.
Kiyosaki said in an October 29 post on Twitter, “Forever and ever financial experts have promoted the idea “Smart Investors invest in 60/40 60% bonds 40% stocks. In 2024 60/40 investors will be biggest losers. Before going down with the ship consider a shift to 75% Gold, Silver, Bitcoin 25% real estate/oil stocks. This mix may allow you to survive the greatest crash in world history.”
He also noted that his first gold coin cost him $40, and today it’s worth $2,000. He suggested following a strategy of “Dollar Cost Averaging” when looking to invest, and to focus on accumulating assets.
The investor’s take on investing comes as the Bitcoin price is hovering around $34,000. Analysts believe investors will be looking for volatility during an upcoming Fed meeting and the changing geo-political environment, and predict that Bitcoin could reach highs of $125k as early as 2024.
