Kiyosaki Issues Cease-and-Desist After Impersonator Gives Investment Advice

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Robert Kiyosaki Clarifies Investment Posts After His Attorney Sends Cease-and-Desist

I saw that Robert Kiyosaki had to send a legal notice because someone was falsely claiming he endorsed specific investments. He’s clarified that he talks about *what* he invests in – things like gold, silver, Bitcoin, Ethereum, oil, and even cattle – but he doesn’t actually give anyone financial advice. It’s good he’s protecting his name and making that clear to everyone.

Key Takeaways:

  • Kiyosaki said someone or a group used his name to present investment recommendations.
  • His legal notice highlights his effort to separate personal holdings from investment advice.
  • Future posts will still disclose his assets, but readers must decide independently.

Kiyosaki Separates His Holdings From Investment Advice

On May 18th, Robert Kiyosaki announced on X (formerly Twitter) that his lawyer had sent a legal notice to someone falsely using his name to give investment advice. Kiyosaki, author of *Rich Dad Poor Dad*, clarified that he doesn’t offer financial advice and that the unauthorized use of his name was misleading.

This announcement came after Kiyosaki stated someone was falsely using his name to give investment advice. This led to a legal warning and caused the financial author to be more careful about distinguishing between sharing his own investments and telling others what to purchase. Kiyosaki emphasized:

Just so you know, I’m not a professional financial advisor. However, I’ll always be open about my own investments and explain my reasoning behind them.

The clarification follows years of repeated economic warnings from the investing author. He has repeatedly predicted major market crashes, a possible depression, and severe financial strain for millions of Americans, particularly baby boomers. Those forecasts have become a recurring theme across his public commentary on debt, inflation, retirement systems, and the broader U.S. economy.

Gold, Bitcoin, and Ethereum Remain Central Holdings

The well-known author clarified that he wants to clearly separate talking about his own investments from giving investment advice to others. He apologized for any confusion and promised to be more cautious with his wording. He explained that sharing details about his personal investments online could be misinterpreted as recommendations to his followers. Kiyosaki added:

“To be clear… I invest in gold, silver, ethereum, bitcoin, oil and cattle. I have done so for years.”

The investor also said he “did not have a 401(k) or IRA” and does not invest in publicly traded stocks or bonds. That places his stated portfolio outside conventional retirement accounts, equities, and fixed income. His stated holdings include precious metals, energy, livestock, BTC, and ETH.

The author, known for his success, stated he’ll keep sharing his investments and explaining why he makes those choices. However, he emphasized that people shouldn’t consider his investments as recommendations, and that everyone should make financial decisions with their own financial advisors.

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2026-05-20 03:27