Innovation Update

Robert Kiyosaki Reveals His Current Investing Strategy

Stock quotes in this article: AAPL , BRK.A , GLD , SLV , EWM , EWS , C  

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."

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