As we all know, the world changed drastically on Sept. 11, 2001, when the twin towers of the World Trade Center fell. This year, on the eve of Sept. 11, the twin towers of Fannie Mae and Freddie Mac crumbled. Then, on Sept. 15, Lehman Brothers and Merrill Lynch disappeared. ...
https://www.richdad.com/as-capitalism-crumbles
12/8/2014 2:17:30 PM
Most financial advisors say you can't predict the future. These experts claim you can't pick a market's top or bottom. And since you (or they) can't predict the future, they advise that you just leave your money with them for the long term. For most people, this is good advi...
https://www.richdad.com/future-tense
12/8/2014 2:17:35 PM
The Sunday, Sept. 30, edition of the New York Times featured two articles that should be cause for alarm. "What Makes a Monk Mad" was about civil unrest in Myanmar, formerly Burma, led by Buddhist monks. This past summer, the monks led huge demonstrations in part because the...
https://www.richdad.com/turbulent-times
12/8/2014 2:17:35 PM
As you know, in early August of this year the Dow dropped nearly 400 points. Within hours, I received phone calls from producers at Fox News, CNN, and Bloomberg asking for my perspective on the near-crash. The first question they asked was, "Are you still investing?" I answe...
https://www.richdad.com/squeeze-is-on
12/8/2014 2:17:37 PM
Years ago, when I was just starting my real estate investing career, I came across a property with a for-sale sign on it. I called the broker and asked, "What can you tell me about the property, and how much does it cost?" The broker politely and patiently said, "It's a comm...
https://www.richdad.com/thinking-big
12/8/2014 2:17:38 PM
During the height of the real estate bubble, I wrote a column saying that the crash was coming and suggested selling any piece of real estate that was overpriced, questionable, or non-performing. As expected, I received angry replies. Today, I'm predicting the next crash, wh...
https://www.richdad.com/booms-go-bust
12/8/2014 2:17:40 PM
Sometimes life just isn't fair. When I was growing up in the 1960s, my parents said to me, "Listen to your elders. You need to learn to respect their wisdom. Someday when you're older, young people will listen to you." So I listened to my parents and grew up respecting the wi...
https://www.richdad.com/keeping-business-ideas
12/8/2014 2:17:41 PM
A few weeks ago I was talking with Tom Wheelwright, a CPA and business owner, about why people play the lottery. His comparison of the lottery to investing in mutual funds is worth sharing. Even though he's not an investment advisor and never presents himself as one, clients...
https://www.richdad.com/mutual-fund-lottery
12/8/2014 2:17:42 PM
Wall Street recently paid out billions in bonuses to its employees. Those bonuses came from investors who believe investing is risky. In other words, there's a giant industry built around investor fears. The more fear, the bigger the bonuses. A recent Time magazine article c...
https://www.richdad.com/fear-can-cost-you
12/8/2014 2:17:47 PM
Ken Lay, the disgraced former chairman of Enron, found a way to escape his legal problems: He died after being convicted of fraud and conspiracy charges. His onetime CEO and partner in crime, Jeffrey Skilling, wasn't so "lucky": He was sentenced to 24 years in prison last mon...
https://www.richdad.com/financial-predators
12/8/2014 2:17:50 PM
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