Robert Kiyosaki: Want to be rich? Don’t pretend to copy Warren Buffett My Money – 6 hours ago

Jakarta, CNBC Indonesia – The author of the book Rich Dad & Poor Dad, Robert Kiyosaki, finally provides tips and tricks for investing in gold, silver and crypto. In his tweet on his personal X (formerly Twitter) social media account, Kiyosaki also stated that he was reluctant to imitate Warren Buffett’s investment strategy.

“Gold fell by US$ 10 today. Silver 14 cents. This is a real manifestation of the success (investment strategy) of Dollar Cost Averaging (DCA). Rather than pretending to be Warren Buffett who makes purchases at the bottom price, I am an ordinary investor who accumulate assets for the long term. I have been accumulating gold, silver, bitcoin and property for years. I bought my first gold coin for US$ 50, and that coin is currently worth US$ 2 thousand. You can be rich “by being an ordinary investor, who uses the DCA method to get rich. Be careful,” said Kiyosaki’s long tweet.

Maybe the word DCA is something foreign to you. For those of you who want to know more, here is the complete review.

DCA = periodic investment

DCA is a way of investing by buying assets periodically, either weekly, monthly or even in a matter of days.

By carrying out DCA, investors can get the average price of the investment assets they buy.

When the price of an asset decreases or is discounted, that is when you have the opportunity to make a purchase with an amount that suits your budget. The purchases you make will reduce your average purchase price, which will ultimately make your profits increase when the asset price returns to its fair price.

Some investment instruments that are suitable for the DCA method include gold, mutual funds and shares.

The DCA method is also often considered the opposite of the lump sum investment method or one time payment of a large amount.

DCA has also proven to be an effective way for investors with small capital to invest regularly.

[Gambas:Video CNBC]

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