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The author of “Rich Dad Poor Dad,” Robert Kiyosaki, has advised his followers on which assets he believes are preferable to acquire amid the widespread capital withdrawal from American private credit funds.
According to Kiyosaki, the private lending market is currently experiencing significant strain as investors are in a state of panic.
The largest American credit fund, Cliffwater, has encountered unprecedented capital outflows, with investors requesting redemptions on a record 14% of the fund’s shares, amounting to $33 billion. Other private lending funds are also facing critical situations. Blue Owl has restricted investors to withdrawing no more than 15% of their funds, Blackstone has for the first time experienced a net capital outflow of $82 billion, and both BlackRock and Morgan Stanley have implemented limits on withdrawals, effectively freezing a portion of investors’ funds.
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Kiyosaki asserts that this trend could extend to other major financial institutions, potentially triggering a new Great Depression. He claims that the economic climate may not only result in losses but also create new opportunities, depending on investor behavior. More seasoned investors typically accumulate assets during market downturns, while newcomers tend to be impatient and rush to sell everything, according to the author. He describes novices as behaving like “headless chickens.” The entrepreneur believes that wealth can be generated both during market excitement and downturns, but he urged his followers to exercise caution with their finances and invest wisely.
“What should you do? I continue to invest more in oil, silver, gold, Bitcoin, and Ethereum. Remember the golden rule of banking panic — money always goes somewhere. Your task is to determine where the money is flowing from banks, businesses, and jobs,” Kiyosaki wrote on social media platform X.
Recently, the author speculated that the investment firm BlackRock, which launched the largest asset-based Bitcoin exchange-traded fund, iShares Bitcoin Trust (IBIT), is headed for financial failure.
