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About Warren Boroson
Expertise
Author of "Keys to Investing in Mutual Funds" (Barrons) and "Ultimate Mutual Fund Guide" (Probus). Columnist for Gannett News Service.

Experience
Author of 20 books; winner of 1996 Personal Finance award from Investment Company Institute and Washington University. Formerly on staffs of Money and Sylvia Porter's Magazine. Had a radio program (on WEVD)about mutual funds and a newsletter, FundDigest.

You are here: Experts > People/Relationships > Retirement Planning > Mutual Funds > Robert T Kiyosaki on Mutual Funds

Topic: Mutual Funds

Expert: Warren Boroson
Date: 12/2/2007
Subject: Robert T Kiyosaki on Mutual Funds

Question
Hi Warren,

What are your thoughts about the famous Rich Dad Poor Dad author Robert T Kiyosaki saying that mutual funds are for "losers"

can check http://en.wikipedia.org/wiki/Robert_Kiyosaki its quoted about 3/4 down the pg.

Regards,

Jim

Answer
Hi Jim:

Kiyosaki ia not only a fool, but a dangerous fool.

Wikipedia does a good job of exposing him, but to suggest that the estimable John Bogle agrees with his views is absurd.

Keep investing in (good) mutual funds and keep investing in your 401(k) plan.

Warren

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