@thereal_kiyosaki: Most people think they’re diversified. They’re not. They’re de-worsified. And Warren Buffett said something about diversification that most financial planners would never repeat to your face. I’ll give it to you in a minute. Most people believe diversification protects you. Don’t put all your eggs in one basket. That’s what they told you. So you buy mutual funds. Some stocks. Some bonds. Maybe a REIT. And you feel safe. You feel diversified. Here’s the problem. It’s all the same basket. Stocks. Bonds. Mutual funds. REITs. Paper. It’s ALL paper assets. When the paper market crashes... it can all go down together. Your whole “diversified” portfolio. Same basket. Different labels. That’s not diversification. That’s de-worsification. Now... there IS a way to really diversify. The rich do it. #richdadpoordad #robertkiyosaki
That's why I focus on real estate, commodities and have recently started a business. I will not touch the 4th asset class being paper assets. I wasted 26 years of my life paying hundreds of thousands of dollars in tax to incompetent, frevilous and corrupt governments that treat tax payer money with disdain and total recklessness. Will never go back to employment again. Now my focus is on getting the business off the ground....
2026-11-01 00:52:33
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Emanuel :
[Perfect score][Perfect score][Perfect score]
2026-10-31 20:25:27
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