rich dad's prophecy why the biggest stock market crash

by Mr. Deven Pouros V Published 3 years ago Updated 2 years ago

Full Answer

Is the biggest stock market crash in history still coming?

Rich Dad's Prophecy: Why the Biggest Stock Market Crash in History Is Still Coming...and How You Can Prepare Yourself and Profit from It! In the near future, the vast majority of Baby Boomers will be on the verge of retirement - and looking to cash in on their retirement plans.

What is rich dad’s prophecy?

In hindsight, the title itself seems "prophetic," as the insights and predictions in this book have played out on the world stage over the past years. Rich Dad's Prophecy will open your eyes to the issues that are affecting the retirement plans of baby boomers as well as the financial futures of their children and grandchildren.

What will happen to the stock market when baby boomers turn 70?

When the first baby boomers celebrate their 70th birthdays in 2016, according to rich dad (the author's financial mentor and father of his boyhood chum), a massive stock market crash will ensue. Joining half a dozen popular Rich Dad books, this volume continues Kiyosaki's eloquent yet simple survival instructions to investors present and future.

Is Rich Dad Poor Dad good for investing?

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing. Loading... What do you think? This book provides some good investing pointers. I actually took some notes.

Is Rich Dad Poor Dad a good investing book?

It's also a book worth reading if you're interested in money and what you should and shouldn't do with it. Be warned though. Rich Dad Poor Dad isn't a well written book. In fact it's very repetitive and most people will have the core concepts down after reading less than half the pages on offer.

What is the most important asset Rich Dad Poor Dad?

In Rich Dad Poor Dad, Robert describes how dad #1 said that his house was his biggest asset, which showed that he didn't understand what an asset actually was. That is because a house doesn't generate income unless it's being rented out, so if you live in it then it can be thought of as a liability instead of an asset.

How many sales does Rich Dad Poor Dad have?

32 million copiesThe book, written by Robert T. Kiyosaki and Sharon L. Lechter, has reportedly sold more than 32 million copies in 40 languages across 40 countries since it was published in 2002. “Rich Dad, Poor Dad” is an allegorical story about Robert Kiyosaki and his two dads, and how growing up with them shaped his financial views.

Why the Biggest Stock Market Crash in History Is Still Coming?

The biggest crash in world history is coming, and it will be due to the most powerful financial force in the financial markets – mean reversions. Every transaction in the market requires both a buyer and a seller, with the only differentiating factor being at what price the transaction occurs.

Is a house considered an asset if you have a mortgage?

Although the home loan is a liability, the home itself is generally considered an asset to the borrower. The lender maintains a lien on the property, but you are considered the owner of the home as long as you remain current on your mortgage and other obligations, like property taxes.

Why is a house not an asset?

Blueleaf's position: Your primary residence is an expense, not an asset. It's not as liquid as you think and many people hold onto their homes later or sell earlier than their plan dictates so they can try to time the real estate market.

How did Kiyosaki become rich?

In 1977, he started a company called "Rippers". The company eventually went bankrupt. Kiyosaki took a job as a sales associate for Xerox until June 1978. Kiyosaki then started a retail business that made T-shirts, hats, wallets, and bags for heavy metal rock bands.

Who owns Plata Publishing?

We are the publishers of Robert Kiyosaki's international bestseller Rich Dad Poor Dad as well as 11 other books in the Rich Dad series. Plata Publishing also publishes books by Kim Kiyosaki and the books Robert Kiyosaki co-authors with Donald Trump.

Why the rich is getting richer?

In recent decades, U.S. companies have grown their profits faster than households have increased their incomes. This result has lifted the prices of stocks, which are mostly owned by the higher-income households. For the well-positioned, the economic circle has been splendidly virtuous.

Will the stock market crash 2022?

Stocks in 2022 are off to a terrible start, with the S&P 500 down close to 20% since the start of the year as of May 23. Investors in Big Tech are growing more concerned about the economic growth outlook and are pulling back from risky parts of the market that are sensitive to inflation and rising interest rates.

Who profited from the stock market crash of 1929?

The classic way to profit in a declining market is via a short sale — selling stock you've borrowed (e.g., from a broker) in hopes the price will drop, enabling you to buy cheaper shares to pay off the loan. One famous character who made money this way in the 1929 crash was speculator Jesse Lauriston Livermore.

What is the reason of stock market crash?

Analysts believe that the persistent FII selloff, fear of aggressive rate hikes by the US Federal Reserve (US Fed) and weaker rupee was dampening investors' sentiment. Bears tightened grip on the Indian equity markets on Monday as fears of aggressive interest rate hikes spooked investors.

Robert T. Kiyosaki

Kiyosaki is best known for his book Rich Dad, Poor Dad, the #1 New York Times bestseller. Kiyosaki followed with Rich Dad's CASHFLOW Quadrant and Rich Dad's Guide to Investing.

Community Reviews

This book provides some good investing pointers. I actually took some notes. He predicts that the baby boomers retirement will cause the biggest stock market crash in history. His reasoning is mainly summed up in the changes that came with the enactment of ERISA in 1974 and the followed rise of mutual funds for uneducated investors.

From AudioFile

The premise of the authors' advice is that the demand for stocks will drop like a rock when the Baby Boomer generation retires and starts liquidating their portfolios to pay for living expenses.

About the Author

Robert T. Kiyosaki lives in Phoenix, Arizona. Sharon L. Lechter lives in San Diego, California. --This text refers to an out of print or unavailable edition of this title.

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Well one can only give this a low score based on the fact that the auther said the stock market would crash in 2017 due to the 401k retirement payment plan by the government of which has not happened! So anyone making predictions beware, you can only be discredited.

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