Not long after his warning that the upcoming stock market crash would particularly victimize his generation, a popular investor and author of the best-selling personal finance book „Tată bogat, tată sărac” explained why the Boomer generation retirements were going broke.
As it happens, Robert Kiyosaki pointed out that “another giant bank in China went bust” and that the same was happening in the United States “as commercial real estate, specifically office buildings go bust,” according to the X post he published on March 29.
Baby Boomers bust
Furthermore, he pointed out that the Baby Boomer generation was especially at risk due to their retirement plans containing “fake assets” through real estate investment trusts (REITs) “a.k.a. Mutual Fund ETFs for real estate,” and that “Boomer retirements are going broke as paper assets crash.”
To avert the damage caused by the imminent crash, Robert Kiyosaki has advised his followers to “get out of fake assets, including fiat, dollars and buy real gold, silver, and real Bitcoins, (…) regardless of your age,” adding that:
“I do not trust anything that can be printed. Go real… Get real.”
Robert Kiyosaki’s preparation plan
As a reminder, the famous entrepreneur with a massive following on social media earlier explained that his generation was about to suffer greatly in the upcoming “biggest stock market crash in history,” which was still coming amid the Federal Reserve, the country’s central bank, excessively printing paper money.
It is also important to note that Robert Kiyosaki has long argued that the best way to protect oneself from the fallout of this massive crash was to focus on investing in commodities and resources as the superior investment in 2024, including precious metals like gold and silver, Wagyu cattle, and maiden cryptocurrency Bitcoin (BTC).
That said, Bloomberg’s senior expert Mike McGlone has recently warned that commodities might be in trouble, preparing for a possible 30% crash under the influence of underperforming stocks and dipping government bond yield in China, the world’s top commodity consumer, as Finbold reported on March 28.
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Source: https://finbold.com/r-kiyosaki-reveals-why-boomer-retirements-are-going-broke/