Finances the teacher is Investor Robert Kiyosaki has revealed that his biggest investment mistake was letting stock prices dictate his buying and selling decisions.
According to Kiyosaki, investment decisions should be based on the state of the economy and the surrounding stock market rather than its current value, he said in X. post on June 20.
The Rich Dad Poor Dad the author noted that understanding the issue has become more important than reacting to temporary price changes.
His comments provided insight into the strategy he is currently using as he continues to look for opportunities to buy real estate, precious metals, and precious metals. crypto currency.
Kiyosaki said he learned that price alone is not a sufficient reason to buy or sell a stock, instead focusing on economic and long-term needs.
“One mistake I’ve made (and I’ve made a lot) is letting the price determine the reasons for buying or selling anything. I’ve learned to understand the “product” or the place where the property is ….not the price. For example, if the price of real estate is falling, I look at the growth of activity, up or down, and the area around the property,” said Kiyosaki.
Appearance of other products
He added that his opinion gold and silver it is created by the actions of political leaders and bankers.
Concerned about the state of the global economy, Kiyosaki said he is monitoring Bitcoin prices (BTCEthereum (The price of ETH), gold, and silver as they await technical signs that their recent decline has ended.
At the same time, the investor pointed out that the technical charts show that gold and silver could be set for a major rally.
While he didn’t say he was buying at the moment, he said he was waiting for a price update before increasing his exposure to the stock.
His latest comments come as he recently he predicted that gold could reach $35,000 by 2035. The statement is in line with Kiyosaki’s long-term interest in hard assets and crypto currency as a hedge against economic uncertainty, inflation, and weakness in the old financial system.
He also says these factors could protect the economy amid what he has repeatedly warned could be a historic stock market crash.
