Yugocean
Valued Contributor
Rich Dad Poor Dad author Robert Kiyosaki is claiming that the present downturn in the market is the same economic situation that he predicted in "Rich Dad's Prediction" in 2013, which is worse than in 2008.
Although at present every market is down, real estate market, stock market, precious metals, or crypto market; all are having bears over them. However, it is hard to claim that the present condition is like 2008.
We can use the current situation for a "Buy the Dip" strategy and HODL what can go up later, because the market has a history of going up after a crash. Kiyosaki's claim will only brainwash people to not sell their assets, and this will make buying at a later date more difficult.
We may reject Kiyosaki's claim, but market expression will say that if you buy the dip and HODL till it goes up, then don't expect others to sell their assets at a lower rate.
Although at present every market is down, real estate market, stock market, precious metals, or crypto market; all are having bears over them. However, it is hard to claim that the present condition is like 2008.
We can use the current situation for a "Buy the Dip" strategy and HODL what can go up later, because the market has a history of going up after a crash. Kiyosaki's claim will only brainwash people to not sell their assets, and this will make buying at a later date more difficult.
We may reject Kiyosaki's claim, but market expression will say that if you buy the dip and HODL till it goes up, then don't expect others to sell their assets at a lower rate.
