‘God have mercy on us all’: Robert Kiyosaki warned that the economy is the ‘bigg...
source link: https://finance.yahoo.com/news/god-mercy-us-robert-kiyosaki-230000021.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Robert Kiyosaki warned that the economy is the ‘biggest bubble’ in history and urged investors to dump paper assets — here are 3 real assets he likes instead
platforms like TikTok,
2022 was tough for most investors. Stocks, bonds, and even crypto plunged.
But the worst could be yet to come according to Rich Dad Poor Dad author Robert Kiyosaki.
Don't miss
'Hold onto your money': Jeff Bezos issued a financial warning, says you might want to rethink buying a 'new automobile, refrigerator, or whatever' — here are 3 better recession-proof buys
Here's how much the average American 60-year-old holds in retirement savings — how does your nest egg compare?
Rich young Americans have lost confidence in the stock market — and are betting on these 3 assets instead. Get in now for strong long-term tailwinds
“I believe economy is the biggest bubble in world history,” he said in a tweet. “God have mercy on us all.”
Since a lot of financial assets have gotten cheaper in this market downturn, it might be tempting to buy the dip. But that’s not what Kiyosaki is doing.
“Many of you know I do not invest in equities, bonds, ETS or MFs. Please DO NOT listen to what I’m going to say next: ‘I would get out of paper assets’,” he says, adding that the world economy “is not a ‘market.’”
Instead, Kiyosaki likes three real assets for protection. Here’s a look at each one of them.
Gold and silver
Precious metals — particularly gold and silver — have been a popular hedge against inflation and uncertainty. They can’t be printed out of thin air like fiat money and their value is largely unaffected by economic events around the world.
Kiyosaki has long been a fan of gold — he first purchased the yellow metal in 1972.
“I’m not buying gold because I like gold, I’m buying gold because I don’t trust the Fed,” he said in an interview last year.
Kiyosaki likes silver, too. In fact, he tweeted “Silver best investment in Oct 2022” and “Everyone can afford $20 silver.”
To be sure, precious metals weren’t immune to the sell-off that was happening in 2022. That being said, both metals are showing promise so far in 2023 with gold and silver both up around 5% over the past three months.
- Quartz
A slaughterhouse cleaning company paid a $1.5 million fine for illegally employing more than 100 children
A food sanitation contractor illegally employed more than 100 children in hazardous jobs.
5h ago - Yahoo Finance
Marriott CEO: Human trafficking is a huge problem for hotels — here's what we're doing about it
Marriott CEO Anthony Capuano breaks down what the company is doing to thwart human trafficking in its hotels.
2h ago - MarketWatch
Blinken says U.S. believes China is now seriously considering providing Russia with arms and ammunition
"[B]ig news to me," says Senate Republican Lindsey Graham of Secretary of State Blinken's remark in NBC interview.
19h ago - 1d ago
- MarketWatch
Investors have pushed stocks into the death zone, warns Morgan Stanley’s Mike Wilson
What’s the best metaphor to describe the stock market, that has sent the S&P 500 up 16% from its October lows, and up 6% this year? Morgan Stanley strategist Mike Wilson has turned to the Jon Krakauer best-seller “Into Thin Air,” which chronicles the death of 12 mountaineers trying to scale Mount Everest. The book delves into the death zone, which starts 3,000 feet from the mountain’s summit, an altitude where oxygen pressure isn’t sufficient to sustain life for an extended period.
7h ago - Yahoo Finance
'Stop being so greedy': Netflix users lash out as password crackdown grows
More and more Netflix users are expressing their concerns (and confusion) over the streamer's crackdown on password sharing.
1d ago - Fox Business
Microsoft AI chatbot threatens to expose personal info and ruin a user's reputation
A Microsoft Bing AI user shared a threatening exchanged with the chatbot, which threatened to expose personal information and ruin his reputation.
13h ago - Investor's Business Daily
Dow Jones Futures Fall: Market Rally Holds Up; Hot Megacaps Tesla, Nvidia In Focus
The market rally is holding up., but patience and preparation are key. Tesla lithium buzz is in focus. Nvidia earnings loom.
7m ago - Bloomberg
Meta Shares Soar Most Since 2013 on Zuckerberg’s Vision
(Bloomberg) -- Meta Platforms Inc. is headed for its biggest single-day gain in almost a decade after Chief Executive Officer Mark Zuckerberg laid out plans to make the social media giant leaner, more efficient and more decisive.Most Read from BloombergUS-China Meeting Only Worsens Tensions Over Balloon, RussiaIran’s Uranium Enrichment Hits a New High, Testing DiplomacyBiden Meets Zelenskiy on Surprise Kyiv Trip Nearly Year Into WarAdani Credit Facilities Send a Chill Through ESG MarketsZuckerbe
6h ago - Bloomberg
JPMorgan Strategists Say Stock Rally Will Fade
(Bloomberg) -- Stock investors that have turned too optimistic about the economic outlook are setting up for disappointment, according to JPMorgan Chase & Co. strategists.Most Read from BloombergUS-China Meeting Only Worsens Tensions Over Balloon, RussiaIran’s Uranium Enrichment Hits a New High, Testing DiplomacyBiden Meets Zelenskiy on Surprise Kyiv Trip Nearly Year Into WarAdani Credit Facilities Send a Chill Through ESG MarketsIt’s too early to say a recession is off the table following the F
7h ago - SmartAsset
Can I Gross Up My Social Security Income?
If you're a retiree who depends on Social Security, in some cases you can gross up your Social Security income on financial paperwork. You would do this to make your income more accurately represent the equivalent amount of earned income … Continue reading → The post Can Social Security Be Grossed Up? appeared first on SmartAsset Blog.
1d ago - The Wall Street Journal
Amazon Corporate Workers Face Pay Reduction After Shares Slip
The company’s falling share price and stock-heavy compensation plan mean employees are getting paid 15% to 50% below targets.
3h ago - The Wall Street Journal
Walgreens CEO Bets on Doctors Over Drugstores in Search for Growth
Deerfield, Ill.—A year into her job as Walgreens Boots Alliance chief executive, Rosalind Brewer realized the company’s board wasn’t entirely sold on her plan to save its ailing drugstore business. Together they visited a Phoenix-area medical practice belonging to VillageMD, a chain of primary-care clinics. Walgreens months into Ms. Brewer’s tenure, doubled its stake in the chain as part of a plan to attach VillageMD clinics to hundreds of its drugstores.
1d ago - Fox Business
Markets and the Presidents Day holiday
After the market volatility of the past week, traders and investors will pause to recognize the Presidents Day holiday.
10h ago - Bloomberg
Adani Maps Comeback Strategy After $135 Billion Hindenburg Rout
(Bloomberg) -- Almost a month after a bombshell short seller report lopped off over $135 billion in market value from Gautam Adani’s empire, the Indian billionaire has hired top-shelf US crisis communication and legal teams, scrapped a $850 million coal plant purchase, reined in expenses, repaid some debt and promises to repay more.Most Read from BloombergUS-China Meeting Only Worsens Tensions Over Balloon, RussiaIran’s Uranium Enrichment Hits a New High, Testing DiplomacyBiden Meets Zelenskiy o
10h ago - Fortune
Kroger workers who quit are getting texts and emails from the company asking them to come back
A tight labor market has bosses doing something they don't generally do: Asking workers who left to please return.
16h ago - Zacks
NVIDIA's (NVDA) Q4 Earnings to be Hurt by Weak Chip Demand
NVIDIA's (NVDA) overall financial performance in the fourth quarter of fiscal 2023 is likely to have been hurt by the weakening demand for chips used in the gaming end market.
4h ago - Forkast News
Bitcoin surpasses Visa’s market cap to be 11th largest asset in the world
Bitcoin, the world’s first cryptocurrency, gained 15% in the past week to trade at US$24,885 and 7 p.m. in Hong Kong, surpassing payments giant Visa in market capitalization for the third time in history. See related article: Industry reacts: US cracks down on crypto, India calls for regulatory collaboration Fast facts See related article: Bitcoin […]
3h ago - The Wall Street Journal
A Young Couple Wants to Know: Should We Invest in More Real Estate?
Austin Laue and Megan Laue bought their first home last year in Northbrook, Ill., near Chicago. Now they’re considering whether buying more real estate is a good way to build wealth. Mr. Laue, 29, works in tech, and Mrs. Laue, 28, is an educator.
1d ago - TheStreet.com
This Pharma Is Starting to Recover Nicely
The stock trades just under eight bucks a share and sports an approximate market capitalization of $1.1 billion. Let's review some positives for Aurinia and explore a covered call idea that will have solid potential returns -- even if the shares give back a good bit of their recent gains over the option duration.
1d ago
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK