Kiyosaki "I didn't give investment advice"...Declares war on fake advisors

▲ Robert Kiyosaki, Bitcoin (BTC), Ethereum (ETH), Gold/AI generated image

Robert Kiyosaki, author of the bestseller 'Rich Dad Poor Dad,' has drawn a line regarding the controversy surrounding investment recommendations using his name. Kiyosaki stated that his lawyers have sent cease and desist letters to individuals or organizations using his name for investment solicitations, emphasizing that he is not a financial advisor.

According to NewsBitcoin on May 19 (local time), Kiyosaki announced on May 18 via X (formerly Twitter) that his lawyers had sent cease and desist letters to those who promoted investment recommendations using his name. He clarified the distinction between disclosing his asset holdings and giving investment advice to prevent his public statements from being misinterpreted as investment recommendations.

Kiyosaki stated, 'I am not a financial advisor. I will continue to share what I invest in and why, but I am not giving investment advice.' NewsBitcoin reported that this clarification aims to distinguish between mentioning personal asset holdings and recommending specific trades to followers.

Kiyosaki stated that he invests in gold, silver, Ethereum (ETH), Bitcoin (BTC), crude oil, and cattle. He explained that he has been investing in these assets for many years. He also mentioned that he does not hold 401(k)s or IRAs, nor does he invest in publicly traded stocks or bonds.

His statements once again highlighted a portfolio that distances itself from traditional investment methods centered around typical retirement accounts, stocks, and bonds. NewsBitcoin explained that Kiyosaki's holdings consist of precious metals, energy, livestock, Bitcoin, and Ethereum.

Kiyosaki stated that he would continue to disclose the assets he holds and the reasons behind them in the future. However, he emphasized that readers should not interpret his investment activities as personal investment advice. He also conveyed his intention to be more cautious with his expressions in the future due to the confusion caused by his public statements.

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