In fact, it might be pretty hard for him to lose money on the oil trade. He says he was in oil in the late 1990s, when crude was around $10 a barrel and most investors were wrapped up in the dot-com bubble.
He says his break-even point on oil is $60 a barrel. However, he doesn't think oil is in a bubble yet, and among recent predictions, leans more toward the side that crude will head for $200, as opposed to retreating back closer to $50. Kiyosaki is venturing further into the commodities business -- he says he is starting a copper-mining company in Vancouver. On the Market "I haven't been this bullish in years," says Kiyosaki. "What a buying opportunity. ... The stock market goes on sale, and everybody runs away." But, he's excited probably only for a short time. "When the market comes back, I go back to sleep," he says. On Apple "I'm an Apple(AAPL Quote) fanatic," Kiyosaki confesses. But, he stresses that it isn't because he likes tech per se -- he just likes Steve Jobs. He recalls wistfully that he didn't initially buy the stock when Jobs came back to the company. Since he isn't well-versed in the tech sector, he followed Berkshire Hathaway(BRKA Quote) Chairman Warren Buffett's advice: "If you don't understand it, don't invest in it." What's Next In addition to the copper mining venture, Kiyosaki says his efforts are going into the creation of a financial education franchise that spans the globe. "What the world needs now is financial education," he says. "Giving people money isn't going to solve the problem -- the problem is, people just don't know what to do with their money."- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
71.84
|
|
UP
29.55
|
UP
7.70
|
UP
21.79
|
UP
0.06
|
10 Yr
3.55%
SPDR Gold
110.24
|
|
+0.28%
|
+0.70%
|
+0.99%
|
+0.17%
|
Data delayed 20 minutes |














