It's Time to Get Rich

By Christopher Ruddy
 

Sell high and buy low. Makes sense, right? You would think that such a simple idea would be impossible to forget. Nevertheless, as investor and best-selling author of "Rich Dad, Poor Dad" Robert Kiyosaki points out, millions of people regularly fail to understand this.

You might even say, predictably.

"If you're serious about getting rich, now is the time," Kiyosaki writes in his column.

"We've entered a period of mass-produced pessimism, when bad news is everywhere; and the best time to invest is when optimists become pessimists."

Kiyosaki mentions what for many can seem like an unreliable indicator: a young grocery store cashier.

One day not long ago, the girl who checks out his groceries handed Kiyosaki her real estate business card. At that moment, he instinctively knew it was time to sell his real estate holdings.

That's because if ordinary people think they are going to get rich quick on something, it's very likely too late.

It works both ways, Kiyosaki says. They get in too late, and they fail to get in early, when the upside is massive.

"As the market remains bearish, the optimists become pessimists, quit the profession, and return to their day jobs. This is when the real professional investors re-enter the market. That's what's happening now," he writes.

Sound familiar?

You might recall Warren Buffett's famous dictum, to be fearful when others are greedy, and greedy when they are fearful. The same principle is at work right now.

For instance, as Kiyosaki points out, the 1987 stock market crash was harsh for everyone. It wiped out the savings-and-loan industry.

Things looked dark, but what happened next was most instructive. The government mopped up the mess and essentially gave away real estate at bargain basement prices.

For example, the S&L crisis helped make fortunes for those who snapped up commercial real estate on the cheap.

Two decades later, we are again heading through what can seem, in the very short term, like a horrible time to invest in anything.

Certainly, if you read just the headlines, it sounds bad. People have pulled millions out of the markets. Fear is all around.

But remember, buy low. Be greedy. Be smart. Be contrarian.

It was in 1987, Kiyosaki says, that he told his wife it was time for her to get rich in real estate. She bought a small house with a few thousand dollars down. It immediately created a small but real cash flow.

"Today, she owns over 1,400 units and — because more people are renting than buying — she earns hundreds of thousands a year in positive cash flow," Kiyosaki says.

A similar opportunity is ahead of us now, he maintains.

"You have about two years to get into position. Opportunities this big don't come along often, so this is your time to get rich," says Kiyosaki.

Like Kiyosaki, we at Moneynews and Newsmax believe that the best way to invest is privately. Why? Because studies show that private investments perform better than public investments.

There are several reasons to explain this, but the important thing to know is that the most sophisticated and successful investors invest privately.

To open up our readers to these private investing opportunities, Newsmax and MoneyNews have launched the “Private Opportunities Club” — a no fee membership organization that provides you with a newsletter, meetings, and other forums to find out how high net worth investors can seek maximum returns in private investments.

Our Club newsletter reveals important information on how to navigate the waters of private investing, and how avoid some of the pitfalls.

Our first edition dealt with the dangers of hedge fund investing and the most recent version addresses solid asset management and high income opportunities available in turbulent market conditions.

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