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Tuesday, February 21, 2017

Robert Kiyosaki: Why the Ultimate Stock Market Crash Will Begin in 2017?

if you buy a physical 1 oz gold coin (forget how much it's "worth" in dollars). Can someone tell you that it's actually 1/2 an oz? If they do you know it's not true and as long as you have it in your possession it is still 1 oz. With money that's not the case. The Fed determines how much $1 is worth, because the dollar is a derivative of gold. Not the other way around. So if an apple is a derivative of a tree, which is more important to have if you're a farmer that sells apples? Do you see where he comes from? He saves real money (gold & silver), not it's derivative.

Monday, February 20, 2017

Robert Kiyosaki: 4 Assets that make people Rich

My poor dad always told me to me go to school and get a high-paying job. That’s not creating wealth. That's a job. My rich dad on the other hand always says work for assets. There are basically 4 asset classes that makes a person rich.

Number 1 is Business. The richest young guys today start companies. Some great examples of this are Facebook, Google, Apple, etc.

Number 2 is real estate. What my rich dad taught me is the combination of being an entrepreneur in business and an entrepreneur in real estate. Now due to this combination, I pay no tax and I make a lot more money.

The 3rd asset is Paper. Savings in gold, papers like stocks bonds mutual funds are liquid. You make a mistake, you can get in and out real quick.

The last asset is Commodities and this is why I own oil because in the U.S. if you deal in oil, you get tax breaks. So oil is very profitable.

Sunday, February 19, 2017

Why Being Long The US Dollar is very Risky in 2017

Why Being Long The US Dollar Is 'very Very Dangerous' Right Now - 19 Feb 17

"The market is not buying what Janet Yellen is saying. And that is actually a very, very telling sign," Schlossberg of BK Asset Management told CNBC's " Trading Nation " last week. "When the Fed chief says, pretty much unabashedly, that she's going to go to three rate hikes, and she sort of talks up the economy, and yet the market remains skeptical, that's telling me something," he added. "That tells me that both markets remain skeptical about the continuity of this potential growth as we go forward," he said, adding that these issues are lending themselves to being long the dollar right now would be "very, very dangerous" due to such uncertainty.