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Re: Kiyosaki
Old 07-04-2006, 05:14 PM   #101
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Re: Kiyosaki

Hey spidey join in the foreworks.

I personally blame Bill Gates, he is a liar and a con man.

I read his book on building a progressive business and it didnít work for me, so he is a liar and is cheating people out of money. Not to mention his crappy Windows XP program.

This is the mentality?

Oh yeah, and that Ron Legrand guy, he sells books too. No one ever retires using real estate investing.
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Re: Kiyosaki
Old 07-04-2006, 05:20 PM   #102
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Re: Kiyosaki

Quote:
Originally Posted by justin
I was about to say that I agree wholeheartedly. Then I realized it's a worse situation than Kiyosaki providing no specific financial advice. He provides vague financial advice that is frequently incorrect or at the least misleading. Follow K's advice to your own detriment.
Anecdotally speaking, the only two people I've personally known to be Kiyosaki followers and take his advice had negative outcomes.
My brother's idea that only idiots go to college was reinforced by Kiyosaki's book.
Well, see, that's the problem-- they're just not following his advice in the right manner!

Quote:
Originally Posted by spideyrdpd
Nord
* *Why do you believe that RK lied about his military record ?? Oh thats right Reed posted it on the web. If you read what Reed wrote he couldnt find any evidence and therefore it must not be true. Yeah thats great logic*
There's enough excerpts from Kiyosaki's record for veterans to see that considerable "embellishment" has taken place between his actual service and his RDPD claims.

We're not in a court of law and I'm not gonna pick nits with you, Spidey, but I notice that Kiyosaki hasn't bothered to clarify his record either... that's enough for me.
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Re: Kiyosaki
Old 07-04-2006, 05:23 PM   #103
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Re: Kiyosaki

Again, putting Kiyosaki the person aside.

How are these principles wrong?

Pay off debt and invest in assets

Get an education about investing

Use due diligence in investing

Leverage debt to buy assets

Use a business or entity for tax deduction and retirement planning options

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Re: Kiyosaki
Old 07-04-2006, 05:31 PM   #104
 
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Re: Kiyosaki

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Originally Posted by PsyopRanger
Again, putting Kiyosaki the person aside.

How are these principles wrong?

Pay off debt and invest in assets

Get an education about investing

Use due diligence in investing

Leverage debt to buy assets

Use a business or entity for tax deduction and retirement planning options

These are not necessarily wrong, but then again these are not the only thing that this wacko proposes. If it was, he wouldn't have so many enemies.
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Re: Kiyosaki
Old 07-04-2006, 05:43 PM   #105
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Re: Kiyosaki

Okay, in this boards opinion, Kiyosaki is the lying anti-Christ.
I won't mention him anymore.

Who is acceptable to quote and believe then?
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Re: Kiyosaki
Old 07-04-2006, 05:53 PM   #106
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Re: Kiyosaki

Quote:
Originally Posted by PsyopRanger
Okay, in this boards opinion, Kiyosaki is the lying anti-Christ.
I won't mention him anymore.

Who is acceptable to quote and believe then?* *
Since you're new here I'll tell you -- Yourself.
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Re: Kiyosaki
Old 07-04-2006, 05:54 PM   #107
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Re: Kiyosaki

Remember that part I said about not getting pissy?

Let me finish this up.

Hitler had some good ideas too, before all those bad ones.



Even though by law, we're unable to continue due to godwins law being invoked, its an interesting dialog...
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Re: Kiyosaki
Old 07-04-2006, 06:02 PM   #108
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Re: Kiyosaki

Quote:
Originally Posted by PsyopRanger
Who is acceptable to quote and believe then?* *
Well, you're gonna have to make up your own mind about that.

Bernstein's "Four Pillars" is pretty popular for asset allocation. Bob Clyatt's "Work Less, Live More" is selling well too. Then there's the Bogle stuff, Siegel, Dimson, Gilovich, Terhorst, the Kaderlis, and even the timeless parts of Joe Dominguez' book.

The board has some active investors. We're probably outnumbered by the passive investors about 10:1, but that's also because over the last two-three decades the passive investors have noticed that their active-investing results haven't outperformed the passive investors. The active investors are doing it with plenty of work, research, hard thinking, and not a few painful learning experiences.

Go read Unclemick's ruminations about Bogle, testosterone, and the Norwegian widow's dividend investing. UM is also widely quoted.

I'm finding that I'd rather be spending time with my family and surfing than putting in the time to run an active investment portfolio. Money's nice, but enough is enough when it starts to cut into good surf...
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Re: Kiyosaki
Old 07-04-2006, 06:03 PM   #109
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Re: Kiyosaki

Quote:
Originally Posted by 2B
Since you're new here I'll tell you -- Yourself.
But my investing style has been shot down as "risky" and "market timing"

I have posted my current holdings and it is my intention to continue to update there progress.

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Re: Kiyosaki
Old 07-04-2006, 06:05 PM   #110
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Re: Kiyosaki

Quote:
Originally Posted by Cute Fuzzy Bunny

Even though by law, we're unable to continue due to godwins law being invoked, its an interesting dialog...
godwins law?
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Re: Kiyosaki
Old 07-04-2006, 06:06 PM   #111
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Re: Kiyosaki

Good points, Thanks Nords. :P
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Re: Kiyosaki
Old 07-04-2006, 06:08 PM   #112
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Re: Kiyosaki

Quote:
Originally Posted by 2B
godwins law?
As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches.
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Re: Kiyosaki
Old 07-04-2006, 06:13 PM   #113
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Re: Kiyosaki

Quote:
Originally Posted by PsyopRanger
Who is acceptable to quote and believe then?
Anyone who's not a lying sleazebag huckster with little or nothing of value to offer.

That pretty much reduces it to around six billion people, sorry Kiyosaki didn't make the cut.

In all seriousness, it sounds like you're smarter, more knowledgeable and more able in general than Kiyosaki, so I don't see why you'd even bother referring to him ...even if he did in one way or another influence you at some point. You'd be better off -- and get a better reception here -- if you sat down and wrote out a bunch of your own thoughts on the matter, then when you needed to quote or refer to somebody while posting here, you could pull out one of your own lines and pass it off as some brilliant guru who inspired you to be the man you are today.
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Re: Kiyosaki
Old 07-04-2006, 06:14 PM   #114
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Re: Kiyosaki

Quote:
Originally Posted by PsyopRanger
But my investing style has been shot down as "risky" and "market timing"
Highly volatile, risk of losing one's principal, and dependent upon price movement. *Yup, that pretty much meets the definitions of "risky" & "market timing". *Not that there's anything wrong with that, unless you've been deluded by O'Neill & RK into claiming that it's otherwise? *

Quote:
Originally Posted by PsyopRanger
I have posted my current holdings and it is my intention to continue to update there progress.
That's pretty popular:
http://early-retirement.org/forums/i...p?topic=8442.0
http://early-retirement.org/forums/i...p?topic=8190.0
http://early-retirement.org/forums/i...p?topic=7766.0
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Re: Kiyosaki
Old 07-04-2006, 06:16 PM   #115
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Re: Kiyosaki

Quote:
Originally Posted by 2B
godwins law?
http://en.wikipedia.org/wiki/Godwin's_law
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Re: Kiyosaki
Old 07-04-2006, 06:29 PM   #116
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Re: Kiyosaki

Actually it pisses me off when someone compares something trivial to the mass murder of millions
Call me crazy 8)

What do they call it when an argument gets really technical ? Like when they say the guy is a slime ball and a slease bucket?
I wonder what you guys call Suze O.
The waitress giving out professional advice ?
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Re: Kiyosaki
Old 07-04-2006, 06:33 PM   #117
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Re: Kiyosaki

Yeah, I dont think old Suze has a lot of fans around here either.

You do understand that the 'hitler/godwin' thing was a joke, right?

Basically you guys just ran into Temple with a big plate of scallops wrapped in bacon. Might be good stuff, but I wouldnt expect a lot of takers or a warm reception.
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Re: Kiyosaki
Old 07-04-2006, 06:57 PM   #118
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Re: Kiyosaki

Quote:
Originally Posted by Nords
Highly volatile, risk of losing one's principal, and dependent upon price movement. Yup, that pretty much meets the definitions of "risky" & "market timing". Not that there's anything wrong with that, unless you've been deluded by O'Neill & RK into claiming that it's otherwise?
How is my Dow Jones Titans Index Fund with a 10% stop loss risky? Anyone who loses ones principle is not stopping losses? An investment based upon price movement is risky? Isn't that what investments do, move up and down?

Do you invest in investments that do not depend upon some price moving?

I would like to learn more?
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Re: Kiyosaki
Old 07-04-2006, 07:05 PM   #119
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Re: Kiyosaki

You most of missed the post that said they only invest in things going up .
I think it had something to do with Viagra.

Is there a law that said every post will eventually have some reference to sex ?
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Re: Kiyosaki
Old 07-04-2006, 07:17 PM   #120
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Re: Kiyosaki

Quote:
Originally Posted by PsyopRanger
How is my Dow Jones Titans Index Fund with a 10% stop loss risky?* Anyone who loses ones principle is not stopping losses?* An investment based upon price movement is risky?* Isn't that what investments do, move up and down?

Do you invest in investments that do not depend upon some price moving?

I would like to learn more?
Hold your horses. Remember this board is "early retirement forum". That means a lot of the participants are retirted and are more interested in controlling risk than shooting the moon. If you like risky stuff as a means to hopefully accelerate FIRE, that's great. So do I, although I wouldn't touch 3/4 of the stuff in your portfolio with someone else's stick. If you post your portfolio stuff on "Young Dreamers", I suspect you will get a more receptive ear.
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