That meltdown was supposed to happen last year. Instead, the bull market raged on: It will be eight years old in March, if measured by the bottom.

Kiyosaki has drawn some flak along the way. Baby boomers still need to start drawing money in , he notes: There were nearly 75 million Boomers in , according to Pew Research. Early in , when stocks posted their worst January since , it looked like Kiyosaki might be right about the market.

Stocks recovered only to slide on Brexit last summer and then fall briefly in an autumn pre-election dip.

Why ‘Rich Dad’ author Robert Kiyosaki still thinks the market is about to crash - MarketWatch

While stocks were already up about 4. The Dow industrials DJIA, At the most recent Fed meeting in early February, the Federal Reserve voted to keep federal funds in a range of 0. Kiyosaki said he expected crude US: The index recorded its first closing above that all-time high in late January before pulling back, but has maintained that level for much of February.

Barbara Kollmeyer is an editor for MarketWatch in Madrid. Follow her on Twitter bkollmeyer. By using this site you agree to the Terms of Service , Privacy Policy , and Cookie Policy. Intraday Data provided by SIX Financial Information and subject to terms of use.

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‘Rich Dad’ author Robert Kiyosaki: If you’re investing for the long term, ‘you’re crazy’ - MarketWatch

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