Popular market analyst and author Robert Kiyosaki believes that the global financial situation is in a “strange” situation. In that sense, he asks people not to trust anyone when investing their capital. Instead, consider that everyone should do their own research before making decisions.
To illustrate this, he tells an anecdote that he himself experienced. In a recent publication on his X account, the expert recounts an episode related to the currency market. A person close to him told him that one of the reliable investment options was Iraqi dinars.
The author states that at first he was surprised by such an exotic investment suggestion. As this assumption, he asked what were the reasons that led him to think that this was a good investment. In simpler words, why would I invest in that currency that the markets pay little attention to?
The person’s response was “weird” in line with how “weird” the financial world is now, according to Kiyosaki. The person told him that Jesus Christ appeared to him in a dream and asked him to inform everyone that the best investment at this time is the Iraqi dinar, he says.
When times get wierd….the weird turn pro.
A friend was pitched an investment in Iraqi Dinars. I do not know anything about the investment potential of Iraqi Dinars.
What was WIERD was the person pitching the deal.
She said “Jesus told me to tell everyone that Iraqi…
— Robert Kiyosaki (@theRealKiyosaki) September 30, 2024
Robert Kiyosaki and the problem of trusting investment advice
The author of the bestseller “Rich Dad, Poor Dad” implies that personal investments are an extremely private matter. In that sense, people should not trust third-party investment opinions, especially in times like the current one.
Continuing with his anecdote, Robert Kiyosaki and his interlocutor probably did not reach an agreement. The author, upon learning that it was Jesus who recommended the investment, responded “I never said that” in a sarcastic tone.
Although this message can be considered one of the many anecdotes that an investor may have along the way, its lessons are enormous. There are people who make risky investments in certain assets, which end badly. To correct their mistake, they want other people to also buy the asset to try to inflate it.
This happens regularly in sectors such as cryptocurrencies. Some investors who place capital in low-cap tokens tend to turn to so-called influencers to try to inflate the value of the asset and redeem their capital. In this way, the teaching of the anecdote of Kiyosaki, Jesus and the Iraqi dinars is that investment advice should not be fully trusted.
According to this financial analyst, any type of investment recommendations should not be assumed lightly. One must remain skeptical, even if the one who recommends is Jesus himself, he says.
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