Robert Kiyosaki : why Mutual funds are complete rip off

Robert Kiyosaki : mutual funds are the worst place to put your money in I would never put my money in mutual funds because of things called fees and hidden fees they do not tell you how expensive it is , the mutual funds are not there to make you rich it's to make the banks Goldman Sachs and Meryl Lynch rich just remember they just rip you apart with fees ...mutual funds companies put up zero dollar money you put up hundred percent of the money they take eighty percent of the profit you take twenty percent of the profit you take hundred percent of the risk and they take zero risk it's complete rip off and that's why I think we got to have financial education most school teachers will tell you to put your money in mutual funds that's why my book title is what schools never teach you about money because the school system is complicit of Wall Street and the banking system




Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Mutual Funds are the biggest rip offs going

 Robert Kiyosaki : “Even those that write for financial magazines. What they won’t admit is that they have to write for their advertisers. All of these mutual funds that are under indictment right now ask those guys how many of them recommended those mutual funds. All of these so-called Mutual Fund Gurus, where are they today? I have been consistent--unfortunately, mutual funds are the biggest rip offs going. You can do better in real estate. For instance, if I went to the bank and said I would like to borrow eight million dollars on mutual funds, what would they say? But, if I wanted to buy eight millions dollars of real estate, they would at least listen to me. That should tell you something. If I wanted to buy insurance on my real estate, I could buy it, but you can’t buy insurance on Mutual Funds. If I lose a million dollars in the stock market, do you know how much I can write off a year?”
in an interview with Philippe Matthews

Robert Kiyosaki - Mutual Funds

Robert Kiyosaki explains Mutual Funds