Using himself as an example, Robert Kiyosaki said he acquired his first gold coin at a price of $50, and today, that same coin is worth $2,000. He said he believes in employing the Dollar Cost Averaging (DCA) method in his investments.
Dollar Cost Averaging is employed when acquiring investment assets and taking advantage of price changes in order to manage risk. Rather than buy a lump sum, one can buy the asset in tiny bits at regular intervals over a long period of time. Noting that gold and silver dropped $10 and $14 respectively, Kiyosaki said that based on DCA, now is a good time to accumulate the assets.
As a part of his ultimate investment portfolio, Robert Kiyosaki said gold, silver, real estate and Bitcoin (BTC), and using DCA for each, gives a higher probability of turning an average investor into a rich person.
With Bitcoin allegedly forming a significant part of his portfolio, he has maintained an optimistic outlook on the coin, with very bullish projections issued in recent times. As earlier by U.Today, Robert Kiyosaki recently predicted Bitcoin’s next stop is $135,000 as the growing Exchange Traded Fund (ETF) hype raises expectations across the board.
Bitcoin is at a price of $30,778.18, up by 2.07% in the past 24 hours.
This article was originally published on U.Today
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