As the stock market has traded the worst since 2020, the financial teacher and author Robert Keusaki have seized the opportunity to warn investors of willingness to further decreases.
According to “Abi Al -Ghani” He said in one of the largest markets, and the author, the largest accident in the market in history, arrived with his previous prediction of a catastrophic event. mail On April 5.
Kyusaki stressed that the current market collapse represents the beginning of recession, with a strong possibility to escalate to complete depression.
He said: “There will be severe storms in the future. <...> She warned that the largest collapse of the stock market in history would have improved financial security for millions of investors.
The investor pointed out that this decline can destroy millions of financial security, especially the generation of children’s children.
In his note, the births are especially weak because they run out of time to recover from such a financial strike. He said that long -term investments such as stocks, bonds, investment funds and funds circulated on the Stock Exchange (ETF) are no longer viable options for this group.
Wealth protection
Regarding the protection of wealth, Keusaki recommended avoiding Wall Street and focusing on alternative assets. He called for saving gold, silver and bitcoin (BTC) for years.
It is worth noting, in recent weeks, Kiyosaki has turned into an increasing rise on silver. As the company reported, the prominent investor has argued that the white metal is more valuable than gold or bitcoin, noting its extensive industrial uses and the increased supply of silver.
Moreover, with the development of the current economic uncertainty, Kyusaki stressed that he believes that the federal reserve and the treasury will respond by printing trillion in what he calls “fake money” with the collapse of the paper market, which surpasses countless paper assets.
This, in turn, will reduce the value of the dollar further, which increases the value of concrete assets such as gold, silver and bitcoin.
Predicting of breakdowns in the market in kiyosaki
It should be noted that Kyusaki has long warned of the imminent market collapse, but he has received criticism after many of his predictions failed to achieve it.
Although the author confirms that the current market sale process is part of his previous expectations, cash may continue, because his outlook has been cited mainly with monetary policy as a reason for any collapse.
In fact, the investor’s discomfort over the global definitions of President Donald Trump has led to the current landmarks.
There are fears that the contraction will accelerate, given that Trump has reaffirmed his position on the definitions despite the Federal Reserve’s warning against increasing prices and slow economic growth.
It is worth noting that the stock market performance shows that the S&P 500 decreased 322 points (6 %), Dow Jones decreased 2,231 points (5.2 %), and wiping 6.4 trillion dollars. The Nasdaq Stock Exchange decreased by 5.8 %, and entered the bear market.
Throughout the week, the S&P 500 decreased by 9.1 %, which is the worst extension since March 2020.
Distinctive image via Cavalieria com YouTube
