Friday 2 September 2011

Refresh ideas from Robert Kiyosaki

It's been a while since I read a Robert Kiyosaki book. The last one was his online book Conspiracy Of The Rich when he was publishing with ongoing feedback from readers. I have to admit that I still find his ideas very insightful. However I do recognise that many people don't like his ideas.

His book An Unfair Advantage revisits many of his earlier themes but updates it to the recent events up to 2010. Again he shares his successes and emphasizes the need for financial education. An example is how he compares the 401(k) plans in US to the superannuation plans in Australia, warning that blindly giving ones savings to strangers is a recipe for bad to mediocre investment results.

He also cautions against the belief that simply investing in gold and silver will give us exceptional returns. Inexperienced investors can still lose money if they pay too much or are ripped off!