Now’s the best time, he says.
I like listening to podcasts, and recently I listened to Robert Kiyosaki’s podcast (he’s the author from the famous book Rich Dad, Poor Dad). In case you don’t know it, check it out or find a summary on YouTube!
I will not keep you curious, here are his top 2 investments:
1. Silver
Yes, silver - not gold is his preferred investment at the moment.
Here are a few reasons of why to invest in silver:
- It’s used in business, production, factories. It’s a material that’s being used in for example semiconductors, chips, machines, cars... everything.
- The demand will only keep growing, while the supply diminishes.
- Because silver has a very high conductivity, it’s used for many technological applications in solar energy and the electric automotive industry
- The price is low, in comparison to what it has been. Silver’s all-time high was $49.51 in April of 2011.
- Silver is also cheaper than gold — everyone can afford silver, but not everyone can afford gold.
- Silver now costs around $25 for 1 ounce.
- It has been a store of value for thousands of years, together with gold. It’s basically money.
- The precious metal is also seen as a safe-haven asset, similar to its sister metal gold. Safe-haven assets can protect investors in times of uncertainty (like now), and with tensions running high, they could be a good choice for those looking to preserve their wealth in difficult times.
- And many other reasons, but the ones above were the most important ones.
2. Bitcoin
Of course, what else did you expect? With everything that's going on these days?
Here are a good reasons of why Bitcoin might be a good investment these days:
- Bitcoin is decentralized, meaning it's not depending on banks, which you might want to stay away from these days... will the banks crash further, have we seen the worst yet? I prefer to be sure and take precautions.
- The dollar is not doing well.
- More and more countries are cutting ties with USA and the Dollar
- Wars keep going, and I have a feeling there are more to come
- Oil production reduction by the oil countries
- And simply: Bitcoin & other crypto's being really low in comparison to their all time high (ATH).
- High inflation: keeping dollars will LOSE you money
Combine all this knowledge, and it sounds stupid to just keep dollars in your bank account, no?
Of course, nothing is ever certain, and these investments can be volatile, so I'd always recommend you to do your own research. However, overall I really agree with Robert Kiyosaki.
Whatever you invest in... do this!
Let's say you want to buy silver. Or stocks. Or Bitcoin. Great, but it's important to know HOW to do this.
And then I'm not talking about platforms, there are tons of platforms out there that you can use (but again, make sure to do your research).
No, I'm talking about the "way to invest".
Let's say you have $1000 you want to invest. Don't just spend it all at once! Here are my tips:
- Diversify: Make a list of 3-5 things you want to invest in. For example: Bitcoin, Ethereum, Silver, Gold and an ETF (with most weight in the first 3 then).
- Spread investments: don't simply put all your money in the same asset, all at once. If you want to invest $500 in Bitcoin, then buy every week for $100.
- Take profits now and then: if Bitcoin doubles in price: don't be greedy. Just sell half of it, you've made your profits. Remember it can go down just as fast as it can go op.
Conclusion
There are many good investments in these uncertain times. Today, silver is hovering around $25 per ounce, which is a bargain if you compare it to what it has been.
Same goes for Bitcoin. It's relatively low as well, and the applications will only increase.
Also, these investments don't require lots of work. Unlike real estate, you don’t need finance skills, property management and all that stuff.
You just buy some silver, put it in a safety deposit box at a bank, and that’s it. Or buy some Bitcoin, put it on a safe, offline wallet, and keep it for a while.
Don’t miss out on this chance, Kiyosaki concludes.
-
If you find this piece interesting, please consider leaving a ❤️, or even a tip. Your support means a lot to me as a writer! You can also read more of my stories here.
