R. Kiyosaki warns ETFs are like ‘having a picture of a paper gun’
Robert Kiyosaki, American entrepreneur and writer, is once again urging investors to be cautious when exploring investment opportunities. Namely, in a July 25 post on X, the author of Rich Dad Poor Dad noted the limits of exchange-traded funds (ETFs), acknowledging their usefulness yet recommending more tangible assets. According to Kiyosaki, investment funds make the lives of average investors easier, likely alluding to their hands-off nature, but they are no substitute for holding the real thing, being, as he calls them, “paper assets.” “ETFs make investing easier for the average investor… so I do recommend them.… Yet an ETF is like having a picture of a gun for personal defense.” Gold, silver, and Bitcoin ETFs are all accessible options, the writer notes, especially in times of crisis, but only if you “know the differences, and how to use them.” BEWARE of PAPER I realize ETFs make investing easier for the average investor….so I do recommend ETFs for the ...