2024 has brought impressive gains to the stock and cryptocurrency market, with commodities such as silver and gold not far behind.
Famous investor and finance author Robert Kiyosaki has been firmly against fiat money, which he has called ‘fake money’ while arguing that the rich purchase and save what he referred to as ‘real assets’ with cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) as well as precious metals like gold and silver.
Kiyosaki sees these assets as fundamental countermeasures to inflation and has boasted about having these holdings in his portfolio on multiple occasions.
In light of these trends and the ‘Rich Dad Poor Dad‘ authors’ investment philosophy, Finbold conducted an analysis to calculate the current value of $1,000 invested in a Kiyosaki-like portfolio at the start of 2024, to provide insight into the potential returns of such a diversified investment strategy amid the favorable market conditions witnessed this year.
All of Kiyosaki’s holdings are in the green in 2024
Splitting $1,000 into five different investments would mean allocating $200 to each position as an essential means of diversification and risk-decreasing strategy that the author of the popular finance book ‘Rich Dad Poor Dad,’ has been employing.
Starting with the maiden crypto, which has seen the most considerable growth of 53% among all the assets, $200 invested in Bitcoin would equal 0.004528 BTC on January 1, this acquisition is now worth $307.29 on June 13.
Next among the risers is Ethereum, which has experienced an increase of 49% in 2024 so far. A $200 purchase would amount to 0.08505 ETH at the time, while growth up to June 13 would see its value increase to $298.18.
Third on the list is a popular crypto asset, Solana, which grew 48.39% during the first half of 2024. An initial investment of $200 would acquire 1.970 SOL, now worth $296.78.
Finally, the precious metals experienced more modest growth, with silver rising 22% during the first six months and gold adding 12% over the same period. Allocating $200 to each would be worth $244.91 and $223.72, respectively.
A healthy profit for those who decided to copy Kiyosaki
If a trader chose to copy Kiyosaki’s portfolio on January 1, his initial investment would increase by 37% overall, making the initial $1,000 worth $1,370.88 on June 13.
These gains were predominantly spurred by rising geopolitical tensions and fears of recession, as investors see previously mentioned assets as havens against market volatility, heightened during periods of uncertainty.
Featured image via Ben Shapiro’s YouTube.