Posted 4/3/2024, 7:34:00 PM
Kiyosaki's Crash Calls Largely Unfulfilled Despite 20 Years of Warnings
- Kiyosaki has been predicting an imminent stock market crash since at least 2002, but these predictions have consistently failed to materialize even as stocks have gone on to generate strong returns
- Specific crash predictions for October 2021 and a crash beginning in October 2022 proved false as markets rallied strongly in the subsequent 12 months
- Assets Kiyosaki has recommended to protect against crashes, like gold and silver, have mostly underperformed the stock market
- The S&P 500 has returned 290% since Kiyosaki's first warning in April 2011, dramatically outpacing assets like gold he touts as crash protection
- Kiyosaki has built an audience as a permabear, but his poor track record shows his doomsday warnings shouldn't impact investment decisions