You Have Less Than 6 Months to Prepare for What’s Coming

Summary

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

Episode Summary: "You Have Less Than 6 Months to Prepare for What’s Coming" Release Date: March 26, 2025
Host: Robert Kiyosaki
Guest: Bert Dohman, Publisher of the Wellington Letter

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Introduction

In this compelling episode of the Rich Dad Radio Show, host Robert Kiyosaki welcomes longtime friend and financial expert Bert Dohman from Hawaii. The focus of their discussion revolves around the current state of the stock market, impending economic challenges, and crucial investment strategies to safeguard financial futures.

Liquidation Bear Market

Timestamp [03:12]:
Robert Kiyosaki introduces the concept from Bert's latest Wellington Letter: "Science of a liquidation of a bear market." He seeks clarity on what a liquidation bear market entails.

Bert Dohman explains:
"A liquidation bear market is different from a standard bear market. It involves the liquidation of large stock portfolios, which began in mid-December. A pivotal moment was when Tesla reached its peak and subsequently plummeted over 50%. This period is marked by warning signs such as overvalued markets—potentially the most overvalued since 1929—and excessive leveraging with instruments like double and triple leverage ETFs and one-day options. The rampant speculation leads to massive liquidation, especially as smart insiders sell ahead of time while promoting stock purchases to the public."

Key Insights:

• Overvaluation and excessive leveraging are critical indicators of an impending liquidation bear market.
• Insider activities often precede significant market downturns, leaving average investors as "bag holders."
• The emotional aspect of investing leads many to hold onto losing stocks, exacerbating losses during bear markets.

Notable Quote [06:48]:
"Well, the masses, you know, there's an old saying, the masses are asses. The masses are always used as fools," – Bert Dohman.

COVID Vaccine Discussion

Timestamp [06:48]:
The conversation takes a controversial turn as Bert shares his critical views on the COVID vaccine. He asserts that the vaccine has caused significant harm, citing statistics and labeling it as gene therapy rather than a true vaccine.

Bert Dohman's Assertions:

• Claims that 16 million people died from the COVID vaccine.
• Argues that mRNA does not qualify as a vaccine but is instead gene therapy.
• Criticizes leading medical figures like Dr. Fauci, calling for prosecution.
• States that vaccinated individuals, particularly young men and athletes, suffer from severe long-term side effects, including "turbo cancer."

Robert Kiyosaki's Response [10:33]:
Acknowledges Bert's stance, highlighting concerns about lawsuits and the impact on young people.

Notable Quotes:

• Bert Dohman: "We kept telling people in the Wellington letter said, don't get the vaccine, don't listen to your doctor."
• Robert Kiyosaki: "A lot of good... It's a complete hatchet job on the young people with that Fauci and his vaccine."

Key Insights:

• The discussion reflects deep skepticism towards mainstream medical narratives and vaccines.
• Emphasizes the importance of independent research and questioning widely accepted information.

Retirement Concerns for Baby Boomers

Timestamp [12:37]:
Robert shifts the focus back to financial markets, expressing concern for the baby boomer generation relying on 401k and IRA plans amidst a volatile market.

Robert Kiyosaki's Concerns:

• Baby boomers, the first to utilize defined contribution plans like 401k, are facing significant losses.
• Many are unaware of the specific holdings within their retirement accounts.
• The potential for a massive stock market crash could jeopardize their retirement savings.

Bert Dohman's Advice [14:15]:
"Take charge of your own investments. Do not depend on other people that have an axe to grind. Money managers can never tell you to get out of the market or get conservative in the market or buy bonds instead of stocks. Don't touch stocks."

Key Insights:

• Encourages personal responsibility in managing retirement investments.
• Highlights the pitfalls of emotional decision-making and reliance on potentially conflicted financial advisors.
• Stresses the importance of continuous education and active management of retirement portfolios.

Death Cross and Disaster Stocks

Timestamp [18:52]:
Robert introduces two crucial terms from Bert's Wellington Letter: "death cross" and "disaster stocks," seeking Bert's expertise in explaining them.

Bert Dohman's Explanations:

• Death Cross:
  "A death cross is a technical indicator where the 50-day moving average crosses below the 200-day moving average, signaling the end of a bull market. This simple yet effective measure indicates significant market weakness."

• Disaster Stocks:
  "Disaster stocks are those that experience sudden, sharp declines (20-25%) from the previous close, locking investors into substantial losses. These stocks often continue to drop by 30%, 40%, or even 80%, leaving holders with minimal recovery prospects."

Notable Quotes:

• Bert Dohman: "Your loss is there whether you take it or not."
• Robert Kiyosaki: "If you just want to get to the point as fast as possible... how do you rate a disaster stock?"

Key Insights:

• Understanding technical indicators like the death cross can provide early warnings of market downturns.
• Identifying disaster stocks is crucial to prevent extensive financial losses.
• Emphasizes disciplined investment strategies over emotional responses to market fluctuations.

Investment Psychology

Timestamp [19:45]:
Bert discusses the psychological barriers that prevent investors from selling losing stocks, leading to deeper financial woes.

Bert Dohman's Insights:

• Emotional attachment to investments often results in holding onto losing stocks.
• Encourages investors to "shut off emotions" and approach investing with rationality.
• Advises continuous reading and education to make informed investment decisions.

Robert Kiyosaki's Reinforcement [22:57]:
Highlights the importance of educating oneself and not relying solely on traditional financial advice, which may be conflicted or uninformed.

Key Insights:

• Emotional discipline is vital in successful investing.
• Continuous education empowers investors to make strategic decisions and avoid common pitfalls.

Subscription to Wellington Letter

Timestamp [25:35]:
Robert and Bert discuss the value of Bert's Wellington Letter, detailing its content, pricing, and the unique insights it offers.

Bert Dohman's Offer:

• Subscription Cost: $69 per month for the Wellington Letter.
• Content: Two issues per month, each 20-25 pages, featuring advanced technical analysis and market forecasts.
• Benefits: Provides in-depth analysis, helps readers understand complex market dynamics, and offers actionable investment strategies.

Notable Quote [28:05]:
Bert Dohman: "Charts tell you everything you know and we tell you things that you don't know."

Key Insights:

• The Wellington Letter serves as a valuable resource for investors seeking to navigate complex market conditions.
• Offers unbiased, conflict-free advice, distinguishing it from traditional financial management services.
• Emphasizes thorough research and advanced analysis as foundations for sound investment strategies.

Conclusion

In this episode, Robert Kiyosaki and Bert Dohman deliver a powerful message about the importance of financial education, independent research, and disciplined investment strategies in the face of volatile markets and economic uncertainties. Bert's Wellington Letter emerges as a crucial tool for investors aiming to protect and grow their wealth amidst challenging times.

Final Thoughts by Robert Kiyosaki [31:42]:
"Rich Dad Radio Show does not give financial advice, but we do encourage you to get financially educated. Thank you for listening to the Rich Dad Radio Show."

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Key Takeaways:

• Financial Education: Empower yourself with knowledge through resources like the Wellington Letter.
• Market Indicators: Pay attention to technical indicators like the death cross to anticipate market shifts.
• Investment Discipline: Avoid emotional decision-making; adopt a strategic approach to managing your portfolio.
• Retirement Planning: Take active control of your retirement investments to secure your financial future.

For more insights and detailed analysis, subscribing to Bert Dohman's Wellington Letter is highly recommended.

Transcript

[Jesse Weber]

In the early hours of December 4, 2024, CEO Brian Thompson stepped out onto the streets of midtown Manhattan.

[Robert Kiyosaki]

This assailant pulls out a weapon and starts firing at him.

[Jesse Weber]

We're talking about the CEO of the biggest private health insurance corporation in the world. And the suspect he has been identified.

[Robert Kiyosaki]

As Luigi Nicholas Mangione became one of.

[Jesse Weber]

The most divisive figures in modern criminal.

[Bert Dohman]

History that was targeted, premeditated, and meant to sow terror.

[Jesse Weber]

I'm Jesse Weber, host of Luigi. Produced by Law and Crime and Twist. This is more than a true crime investigation. We explore a uniquely American moment that could change the country forever.

[Robert Kiyosaki]

He's awoken the people to a true issue.

[Unknown]

Finally, maybe this would lead rich and powerful people to acknowledge the barbaric nature of our healthcare system.

[Jesse Weber]

Listen to Law and Crime's Luigi exclusively on Wondery. You can join Wondery on the Wondery app, Spotify or Apple Podcasts.

[Unknown]

If you work in quality control at a candy factory, you know strict safety regulations come with the job. It's why you partner with Grainger. Grainger helps you find the high quality and compliant products your business needs to inspect, detect and help correct issues. And the sweetest part is everyone gets a product that's as safe to eat as it is delicious. Call 1-800-GRAINGER Click grainger.com or just stop by Grainger for the ones who get it done.

[Rich Dad Radio Show]

This is the Rich Dad Radio Show.

[Unknown]

The good news and bad news about money. Here's Robert Kiyosaki.

[Robert Kiyosaki]

Hello, hello, hello, Robert Kiyosaki, the Rich Dad Radio Show. And we have a great show. We always have great shows, but we have a old time longtime friend of the Rich dad program. His name is Bert Dohman. He and I are both from Hawaii and we're the old timers out there in Hawaii. But before I do that, I want to show you my new Trump jacket, my sequence jacket and the back of it. Make America great again. So I was out in Tulsa with Eric Trumpberg and there was so much selling. She's selling Trump, Trump stuff. She's creaming it, man. I think she did six figures in one month. She was like killing it. But it's just nice stuff. Anyway, welcome to the program again. And I want to talk about Bert's newsletter, which I subscribe to. This is the Wellington Letter. I highly suggest you read it because if you really want to get away from the fake news, the Wellington Letter will give you the straight scoop on the markets and the economy. It's micro and macro and it's essential reading. To stay abreast of what's going on in the world today. So I really respect this letter. And then Bert's headlines assign science of a liquidation of a bear market. Science of a liquidation of a bear market. So Bert, welcome to the program. And what does that mean, signs of a liquidation of a bear market?

[Bert Dohman]

Well, actually it's slightly different. It's called a liquidation bear market. That's different than a bear market because of different other factors. This is a liquidation of big stock portfolios. And it started actually in mid December. If you want to get the biggest turning point, that's when Tesla made its top, we call it that top. Two to the the exact day of Tesla is that Tesla is going to go down over 50%. We're almost there. So you know, these are warning signs. So the big portfolios were liquidated while all the shills of Wall street were on financial TV telling people to buy. And it was in an easy story because the election was won by a person who probably will be the greatest president in the history since George Washington. And so this is fantastic long term news, but in the short term, when you make an omelet, you got to break some, some eggs. And this is where we are now. And the portfolio, stock portfolios, people never look at the valuations. We had the most overvalued market probably since 1929, depending what statistics you use. And overvalued. And on top of that was over leveraged everybody. People are no longer satisfied with just a simple etf. No, they have to have double leverage and triple leverage and then they have their one day ETFs or one day options. The speculation has been insane. Absolutely. And now we're seeing the liquidation of this insane speculation. That's a lot of money to be lost. And of course the smart insiders, the big smart money, they sell ahead of time while they're encouraging the public to buy stocks. Okay? Remember, in a bear market, somebody has to hold the stocks, okay? So it's either Wall street is going to hold them or the average investor is going to hold them. And Wall street doesn't want to hold them on the way down. So they have to convenience, as Joe Granville used bottom the bag holders, okay? The average investor is the bag holder. He has to own the stocks all the way down. And at the bottom they have to be told, oh, it's, it's the end of the world. This is terrible. Everything's going to melt down. And this is where the big smart money then goes to buy. But by that time, your Stock portfolio may be down 50% or even 80%. Usually the big bear markets have resulted in one index, usually the NASDAQ, to be down 80%. People have to remember that. And you may think that you're going to rat out a bear market, but when you're down 80%, you're going to chicken out, you're going to sell at the bottom.

[Robert Kiyosaki]

So that's why I want to say this is the Wellington letter. Make sure the headline again, I strongly suggest people get it, read it, understand it. Because you have a line here that says investors who are easily swayed by the experts in media should do their own homework. And so what you're saying, the media is not as forthright as it should be.

[Bert Dohman]

Well, the masses, you know, there's an old saying, the masses are asses. The masses are always used as fools, okay? And we saw that again, not only in the stock market, but look at what happened with COVID The masses were told they gotta have that vaccine because it's so effective and it's so safe, you know, and all of that was baloney. Now we know it was totally unsafe. In fact, the latest statistics have that 16 million people died from the COVID vaccine. You know, that's incredible. 16 billion people were killed with that hoax of the vaccine. We kept telling people in the Wellington letter said, don't get the vaccine, don't listen to your doctor. Because all the doctors were either in on it or they were too dumb. They don't read and they don't. They didn't even know what MRNA was. I knew what MRNA was for over 20 years because medicine is kind of my hobby for the last 50 years. My degree is in chemistry. It's not in business, not in economics. So I know a little bit about science, although I don't claim to be Mr. Science as Dr. Fauci. Fauci is the biggest fraud that we have in the field of medicine, okay? And hopefully we'll get prosecuted. But you always have to go against the masses. When the masses are all, oh, I heard people coming to me, oh yeah, I got my third booster shot. Well, now we know from scientists, they say if you have had three booster shots, you will probably have bad side effects for the rest of your life. Or maybe even you will get turbo cancer. Tubercancer. It goes from zero cancer to deathly with stage four and cancer in about three months. That's turbo cancer. So these are all the side effects of what was considered a safe vaccine. In fact, there wasn't a vaccine at all. MRNA does not qualify as a vaccine. It's a gene therapy and we warned about it in the Wellington area. So not only do you get good economic analysis, that's contrarian good, the best investment timing advice you can get in the world, but you also get good necessary medical information. Sometimes we don't tell people, you should do this and this, take these and these pills. No, everybody has to make their own decision. But on January 26, 2020, we did our research showed exactly that. This was a Wuhan Laboratory lean. The article was from India, from a magazine India. We read a lot of the foreign press because the US press, it's propaganda, it's not worth reading. And this even had the name of the top two scientists at the Wuhan lab. And it said exactly that was gain of function research financed by the USA, by Dr. Fauci and his people and Darcy. And they even had tried to get darpa, which is the secret intelligence agency for the Defense Department. They tried to get involved in that, but it refused. So, you know, this is the kind of information that you want. You know, we do so much research, the best research money can buy, you know, and save your life, not only your portfolio.

[Robert Kiyosaki]

Yeah. So that, that's why get, get Bert's letter, because I follow what he says and you know, what's, what you said years ago is coming true now is because so many young men, young athletes who took that vaccine are now crippled. And I hate to see the lawsuits coming out on that one. Yeah. But it was a complete, complete hatchet job on the young people with that Fauci and his vaccine.

[Bert Dohman]

But you, you know, Robert, still today, even today, six month old babies are getting that, the damn vaccine. You know, it's incredible. There's a Nobel prize winning scientist, Luc Montagnier, in France. He discovered the HIV virus. So he was no dummy and he refused to call it the vaccine. He said it's the poison. He always said the poison, the poison. Because it was a poison, you know, and here our big pharma and all of our doctors and 90% of the doctors tell, oh, you got to get the vaccine. I have friends that are doctors. They told me all the time, oh, you got to get that vaccine. I said, no way, you're not going to get that poison into me, you know. And so now, of course, five years later, they say, yeah, I was wrong on that. Yeah, boy, how many people died because he was wrong, you know, but how.

[Robert Kiyosaki]

Many doctors were shut down because they tried to warn people?

[Bert Dohman]

Exactly.

[Robert Kiyosaki]

A lot of good.

[Bert Dohman]

There's a Whole list of them. Yeah. There's a Dr. Bridle and he was in San Francisco working and he got fired because his team, he and his team discovered that the vaccine causes micro clots. And he wrote an article about the micro clots. They get into the micro capillaries of your body and then they grow and they shut off the microcapillaries and then they keep on growing. And it's the blood clots that this vaccine causes. They kill you. It causes myocarditis, it causes brain cancer, glioblastoma. Right.

[Robert Kiyosaki]

Let's. Let's get back to the markets. Okay. Yeah. Because that's what the Wellington is most.

[Bert Dohman]

Sure.

[Robert Kiyosaki]

And right now we have, you know, my generation, a boomer generation, where the first ones with a 401k and you know, there's been saying that this, this market crash is going to be a big one in all this. So, you know, following the Wellington letter of advice, I was talking to several people, some relatives included, and their 401k is tanking and they can't retire now. So what would you say, what would you say to people like that who blindly trust, you know, tv? What do you call that? Financial advice or, you know, the stock market's up or stock market's down. What's going to happen to this boomer generation? The first one with a 401k or defined contribution. It's called the defined contribution pension plan. The older generation, my parents generation, had defined benefit pension plan, but the boomer generation is the first ones in 74 with a defined contribution. And I've been writing about this for a long time. I wrote this book here, Rich Dad's prophecy about the biggest stock market crash in history coming. And I think it's coming right now. So that's what I want to talk to you about. Because I talked to so many boomers who are saying, well, don't give any bad news. Well, you know, if it saves your butt, that might not be bad news. So what would you say to a boomer or anybody with a 401k or IRA or something like that who's depending upon the stock market performance to carry them into old age?

[Bert Dohman]

Well, the first thing I would say, you take charge of your own investments. Do not depend on other people that have an axe to grant. For example, money managers can never tell you to get out of the market or get conservative in the market or buy bonds instead of stocks. Don't touch stocks. No, people are greedy. We all have emotions. And when you let your emotions make your investment decisions, you're going to lose a lot of money. So you have to get the emotions out. That's the difference between smart professionals and the average investor. The smarter professional has found out over years, as I have, I've been in the markets for over 50 years. And you find out that you got to shut off your emotions. You have to read, read. I always tell my grandchildren, I've got five beautiful grandchildren and also read, read, read. If you want to be a leader, you have to be a reader.

[Robert Kiyosaki]

So when we come back again, this is the Wellington letter here. And you have here, you mentioned some words to me, which I think our leaders be, you know, because especially my generation 401 guys, you talk about a death cross. Okay, when I come back, I'm going to ask you, what is a death cross? And the other thing is you have disaster stocks in your letter here and you call them what you call them disaster stocks. So I'm going to ask you when you come back, what's a death cross? D, E, A, T, H. And why do you what makes in your category a disaster stock? We'll be right back with Bert Dohman. He's going to answer what a death cross is and what disaster stocks, how he classifies a disaster stock. We'll be right back.

[Unknown]

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[Robert Kiyosaki]

Welcome back. Robert Kiyosaki Rich dad radio show. Today our guest is a longtime friend from Hawaii, Bert Dohman. He still lives in Hawaii, homes all over the world, but also he's a publisher of this Wellington Letter, which I subscribe to. And that's because he says he should read. But the question is, what do you read? And I love the Wellington Letter because it gets to the point, it's simple, it's good enough for me to understand. But he has a couple of statements in this month's Wellington Letter called the death cross and he talks about disaster stocks. So I'm going to ask Bert, what is the death cross and why should people pay attention to disaster stocks or what classifies them in your book? Because that's what you are the best at. For 50 years you've been giving this advice out, but the average person doesn't have your expertise to analyze a good stock or a bad stock. So first of all, Brett, what's a death cross?

[Bert Dohman]

It's a very simple way to measure the weakness or strength of the stock market. You take the 50 day moving average and the 200 day moving average when they cross on the way down, that's a death cross. So that means that the bull market is over. When they cross back up again, then it means the bull market is probably in effect, it's very simplistic. Wall street likes to have terms like that. We make it a little bit more precise with our technical analysis. We use advanced technical analysis and that includes volume, not just price.

[Robert Kiyosaki]

So when you see the death cross happening, what fires off in your brain, 50 years of experience. It means more to you than a guy like me.

[Bert Dohman]

Yeah. Well, this time the death cross took place about what, three months after we gave our sell signal on the market. So you're late by three months. It's a very late signal. By that time, your portfolio is way underwater. Right now, anybody who bought stocks after the election is underwater, probably underwater with the stocks that they bought. And it's human nature not to sell any stock that they hold at a loss because as somebody on CNBC said, I Think last week he said, if you don't sell a stock you have at a loss, you don't have a loss, which is ridiculous. Your loss is there whether you take it or not. What I wrote in the Wellington letter not long ago is the first loss is your best loss. That's an old trader rule. If you're a professional trader, you say the first loss is the best one because from then on, the losses just get bigger and bigger and you never want a small loss to turn into.

[Robert Kiyosaki]

A big one again. This is the Wellington Letter. When Bert says you got to read. I'm saying, as a friend of Bert for years, this is the letter I read. If you just want to get to the point as fast as possible, because I don't have time to caruse all those magazines and things like that. So how do you rate a disaster stock? You have that little category, the disaster stocks.

[Bert Dohman]

You've seen many stocks, popular stocks, okay? Suddenly in the morning, you wake up, they open up a 20 or 25% down from the close to prior day. That, that locks in all the people who bought that stock because now they're sitting there, the day before, they had a nice gain on the stock. Now they wake up and they have big loss in the stock, okay? That locks them in. So then these people become bag holders. They hold that stock, it's down 20% now. Eventually it's down 30, down 40%, down 50%, down 80%. They hold it all the way down because they're locked in with a loss. And they take that advice from tv, don't sell, sell the stock you have at a loss because then it's not a loss. That's ridiculous.

[Robert Kiyosaki]

And you analyze it. The good thing about Bert is he analyzes the stock for you and he'll explain to you why it's a disaster stock. So I love about your, you're not just giving do this, do that. You actually analyze why a stock is a disaster. So I'm doing my best. If you're going to read this is Wellington Letter here. Fabulous, fabulous information. This is my biggest question of all, the biggest, my concern. We have so many baby boomers with a 401k, they're now approaching retirement. And if they're retirement in buy, hold and pray mythology, what would you say to them if they just, you know, they buy, hold and pray, they got 60, 40, 60% equity, 40% bonds. That's about all they know. What advice would you give them, Bert?

[Bert Dohman]

Of course, you know, I don't know what people have in their 401ks. In fact, you know, there was a time when I was asking everybody just out of curiosity, what do you have in your 401k? And I did not find one person out of maybe 100 people that I asked that knew what they had in their 401k. And I would even then ask, what is it? Stocks or something related to stocks or related to bonds. They didn't know. So this is how little attention people pay to their life's investments. With your life savings, you cannot survive that way. So right now, if I had been asleep while the market tanked over the last three months, then I would sell everything. Everything. I wouldn't even think and say, I'll hold this and I'll sell this. No, sell everything. Then you'd watch it from the sidelines. It's a lot cheaper to watch from the sidelines. And the commissions are basically zero nowadays. So it's not a matter of commission, it's just a matter of handling.

[Robert Kiyosaki]

I need to add that we don't give financial advice here. That's Bert's advice, but I'm soliciting it from him because I think he and I share the same concern. There's a lot of people if this bear market continues, got wiped out and does that, does that concern you too?

[Bert Dohman]

It's very concerning, you know, but you know, people still have a chance now. They have losses, but they can keep it at that level by selling and then they will have some way to sleep at night. But if your portfolio sinks every day, and you know, I wrote that a few months ago, I said, I've never seen such massive high volume selling in the market as we saw since the election. You know, it's incredible. And so that shows you that the big smart money was getting out. And then they generate a small rally. One day the dow is up 500 points and then everybody said, oh, bargain hunting time, you know, and you gotta buy the dips. You know, that's a favorite saying. No, don't buy the dips because you're going to be the dip. And so this is not what you want to do. Any advice that you get from tv, you should do the opposite or consider doing the opposite.

[Robert Kiyosaki]

So, Bert, I want to sell some of your letters here. How much does a Wellington letter cost? I mean, because I agree 100% with you. You should read. But there's so much to read. There's so much, you know, news, so much bs, you know, and I love it because you just break it down to the nuts and bolts. The Simple. So how much does it cost for a subscription to Wellington Letter?

[Bert Dohman]

Well, it's very inexpensive for what you get because we put so much effort into it. And this is analysis and forecast you will not find anywhere else. We use advanced technical analysis. Almost no one uses it because that's time consuming. It's very difficult. It takes you a long time to even learn it, you know, so nobody does it. It's too difficult. But $750 a year, you get two issues per month. Usually they're about 20, 25 pages in length. So that's about, you know, let's say 40, 50 pages per month, you know, and that gives you everything you need. People say, yeah, I know when I get the Wellington Letter, I got a make the next one to two hours free to read the whole thing, you know, so that's what it is. It has to be worthwhile. Many newsletters I see and I say, my God, I could write, not read, but I could write this thing in 30 minutes. Well, to do the one life takes days, you know, it's very, very hard work. Charts that you can't believe. The charts tell you everything you know and we tell you things that you don't know. Like the Federal Reserve. Everybody's watching. What will the Federal Reserve do? But the Federal Reserve. The only reason we watch what the Fed will do is because they usually screw things up. Okay, the Federal Reserve has a mission to set interest rates. That should not be their mission because they can't do it. They can't even forecast the economy. So how can they set interest rates? They say they are data dependent, which is also ridiculous. Data dependent. You know, the data that you get today will have about six months of six or 12 months delay to get into the markets. So they're always going to be behind the curve. You know, you want to be able to forecast the market like we do when liquidity shrinks. Liquidity consists of credit and the amount of money that banks are willing to lend out. When that shrinks, the stock market goes down.

[Robert Kiyosaki]

Yeah, Bert, how much again? How much for this?

[Bert Dohman]

I'm helping someone's Wellington Letter. Yeah, the Wellington letter is $69 a month auto charge. So that's the most popular option. And then we have trading services for short term traders. They cost between five and six thousand dollars per year, but they're well worth it because one trade you've got the whole one year subscription feedback.

[Robert Kiyosaki]

What I love about it, Bert, you are such an educator. I mean, you're not saying buy or sell. You're Educating the logic that you follow inside of it. So again, Rich dad, we don't give financial advice, but exactly as you say, you've got to read. And I agree 100% with you. This is what I read because it saves me a lot of time, a lot of headache, and I get through all the noise out there as fast as I can. So how do they get in touch with it? I'm really shamelessly selling it for you. Shamelessly selling it for you.

[Bert Dohman]

Let me just say this. Let me just say this, Robert, you are so good. The first I heard of you, somebody sent me your book. Rich dad, Poor Dad. That was the first book. And I read the book and he wanted me to criticize your book. I said, I can't criticize this. He says, totally right. What you said about the rich dad and the poor dad. So you are the great educator. Not maybe, but the specific stocks and stuff like that. But you have saved a lot of money and you've probably made people a lot of money indirectly. So, yeah. So how do people get it? They go to darmancapital.com and you see the loaf in the background.

[Robert Kiyosaki]

Wait, D O H m E N Capital. D O H m E N S. Yes.

[Bert Dohman]

Yeah, it's a D o h m E n. Okay. Not en e n capital.com and all the information is there. We've got the testimonials from some of the top people that you would like. Neil Cato, he wrote years ago. He said, of all the newsletters I received, Bert Donan's Wellington letter stands head and shoulders above all others. That was a nice compliment from Neil Cato. And so, you know, we have other people that. Professionals in a business that made good comments, but that comes from, you know, we don't get this information from a crystal ball. The office one time gave me a birthday present of a crystal ball, but it didn't have an on switch. So. But it looks nice on my desk. So what you want is impartial advice. If somebody manages money, forget it. He has a conflict of interest. Even if he doesn't admit it, he has a conflict. He can never say sell because that means a lot of the managed accounts he has will leave. They say, well, if it's going to be a bear market, I don't need a money manager. So it's conflicted advice. You want people who have no conflicts of interest.

[Robert Kiyosaki]

And again, Rich dad does not give financial advice. We don't tell you buy or sell, but we do encourage you to get educated. And I absolutely love Bert's newsletter here, the Wellington Letter, because I get it in concentrated form fast for like $69 a month. And it can make you millions or also save you millions. So, Bert, you know, thank you for your contribution to education, financial education, and a fellow Hawaiian. Aloha, bro.

[Bert Dohman]

Yeah, thank you very much. I wish you and to your great viewers, you know, good bear market. I think it may be a short one, maybe deep, but maybe short, because all the best policies that any human being could are being implemented right now. We have a great team. This is, I call it the dream team in Washington. And this is the first time I think I've ever used that. DJ T. Donald Trump. But he's not alone. Look at the people around him. What a cabinet he has. You know, these are people, you know, they're not in it for their own money.

[Robert Kiyosaki]

No, they don't. They don't need any more money. Hey, Bert, again, thank you for the years and years and years of friendship, support, and being one of my best teachers. So thank you, Bert. Take care.

[Bert Dohman]

Thank you very much. Okay, Robert.

[Robert Kiyosaki]

And we'll be right back with a final word from Rich Depp.

[Unknown]

Donald Trump returned to office and Republicans take control of the House and Senate. It's huge news, but the challenges we face as a nation are still here. In four years of chaos, the dollar has lost value. Inflation run rapid interest rates through the roof, and wars rage across the globe. Trump has inherited an economy that's a total mess and the burden to rebuild is huge. This isn't going to get fixed overnight, especially with the ongoing assaults of the dollar from BRICS nations and our growing national debt. Your savings are still vulnerable. Gambling with your wealth is not an option. If we've learned anything is that we need to take action and protect what we've worked so hard to earn. That's why we partner with Allegiance Gold, a company we trust to help you protect your financial future. Gold and silver are time tested ways to hedge against economic chaos. They're not just investments, they're peace of mind for your wealth. When you start your investment with Allegiance Gold today, you'll get free silver as part of their exclusive offer. Just mention Robert sent you and they'll take care of you. Don't sit on the sidelines. Act today. Secure your wealth. Go to protectwithrobert.com or call 8443. Robert. That's 844-376-2378. Let them help you get started. Protectwithrobert.com for the ones who get it done.

[Rich Dad Radio Show]

The most important part is the one you need now and the best partner is the one who can deliver. That's why millions of maintenance and repair pros trust Grainger because we have professional grade supplies for every industry, even hard to find products. And we have same day pickup and next day delivery on most orders. But most importantly, we have an unwavering commitment to help keep you up and running. Call clickgrainger.com or just stop by Grainger for the ones who get it done.

[Robert Kiyosaki]

Welcome back. I want to thank Bert Dohman and his unbelievable, informative Wellington letter. Please get it at $69 a month. And if you don't get it, well, I'll pray for you tonight. I just say this because in 1974 I was getting out of the Marine Corps and that was a year America shifted from a defined benefit DB pension plan to defined contribution pension plan or a 401k or IRA. And that's what I'm concerned about is my generation, the boom generation. Most of them have no financial access to financial education or information. And I think that's going to be one of the biggest disasters we've ever seen. So please thank you for listening to the Rich dad again. We don't give financial advice, but we do encourage you to get financially educated. So thank you from the Rich Dad Company.

[Unknown]

This podcast is a presentation of Rich Dad Media network.

[Rich Dad Radio Show]

For the ones who get it done. The most important part is the one you need now and the best partner is the one who can deliver. That's why millions of maintenance and repair pros trust Grainger because we have professional grade supplies for every industry, even hard to find products. And we have same day pickup and next day delivery on most orders. But most importantly, we have an unwavering commitment to help keep you up and running. Call clickranger.com or just stop by Granger for the ones who get it done.

[Unknown]

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