Rich Dad's Prophecy (Rich Dad)

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Rich Dad's Prophecy (Rich Dad)
by Sharon L. Lechter, Robert T. Kiyosaki
from Time Warner Paperbacks

Customer Reviews:

• Avg. Customer Rating: 3.5 / 5.0

• You ignore this at your own peril
  In his latest book "Prophecy", Robert T. Kiyosaki predicts a major stock market crash in the near future. This, he says, is a result of the baby boomers (mostly) saving for their retirement via stock investments and given that a large number of them will retire from 2016 onwards their investments will have to be cashed in as it will be needed and as a result the market will fall if not crash. Apart from that, RK says, that most baby boomers may not actually see their money ever again as more often than not... more info

• Interesting view point, a little flawed
  The premise of the phrophecy is that the baby boomers will pretty much take their money out of the stock market suddenly and cause it to crash. I suspect the market is far more vast than considered and the baby boomers' 401ks combined represents only a few drops in the bucket. If the market crashes, it won't be because of this prophecy's premise.

• This book does what it's author intended.
  Robert Kiyosaki is a motivational speaker that also happens to sell books. If you are looking for a "How To", then you're in the wrong place. The Rich Dad, Poor Dad author seems to always strive to make you think about your financial future, and Rich Dad's Prophecy is no different.
  Using scare tactics to elicit a response from you, this book strives to tell you that the stock market is a bad place to invest your money, and presents reasons for this opinion. However, looking historically, this has not... more info

• A little light on advice
  Kiyosaki does a great job explaining the decline to come. Par for the course, the author is less than clear with his advice. If you have not read "The Second Great Depression" or other books like it I do highly recommend this volume. However, your money may be better spent on a more technical manual on how to profit during a declining market.

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