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The Rich Dad Channel
570K views 3 days ago
Robert Kiyosaki and Andy Schectman discuss the current state of the economy
and potential risks that people should be aware of. They refer to three emergency
podcasts covering different topics, including the safety of people's money in banks,
the potential consequences of the US losing its petrol reserve status,
and the risks associated with the failure of Deutsche Bank.
Comments....
I'm not even kidding when I say that the market crash and high inflation
have me really stressed out and worried about retirement. I've been in the red
for a while now and although people say these crisis has it perks, I'm l
osing my mind but I get it, Investing is a long-term game, so I try to focus on the long term.
Several of the biggest market experts have been voicing their opinions
on exactly how awful they think the next downturn would be, and how far
equities may have to go, as recession draws closer and inflation continues..
well above the Fed's 2% objective. I'm trying to build a portfolio of at least
$850k by the time I'm 60. I need suggestions on what investments to make..
Correct me if I'm wrong but I imagine why they're going after Binance and
Coinbase is because they're basically becoming banks in of themselves.
Crypto is supposed to be decentralized, but these institutions are centralizing
it and are by default becoming like crypto banks. After losing so much money
on stock market I met Bernard Wong who help me to trade on cryptocurrency
after trading on crypto currency and
I made up to 15 BTC when I started at 3 BTC every week.
I'm concerned that a bank the size of SVB could fail, thus pulled $350k out of my bank,
as the FDIC only provides coverage up to $250k. I want to put my money in stock
and alternative investments as of now, but have little to no investing insight,
any ideas on how to go about this please?
