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Subject:  Re: "Rich Dad's Prophesy" Date:  5/30/2005  7:52 PM
Author:  AnswerSeeker Number:  6873 of 6881

I have some idea of the theory that Mr. Kiyosaki has written about. However, I have only skimmed portions of the book "Rich Dad Prophecy". Mr. Kiyosaki seems like a sort of "Chicken Little" to me. He says that the "sky is falling" (stock market is in trouble). I would disagree with him and say that it is more likely that the overheated real estate market, which Mr. Kiyosaki used to make his riches, is more likely to have a fallout than the stock market will in the next decade.

And even if the stock market falls some because of more people cashing in their 401k plans, it will be a great opportunity to buy in at historically low p/e ratios until equilibrium between sellers and buyers occurs.

Just my two cents.

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