Why Millions Could Lose Their Retirement Next

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0:46Whole Foods Market, make your summer sizzle. This is the Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki. Hello, hello, hello. Robert Kiyosaki, the Rich Dad Radio Show. That's how old this is. Our show is Beyond Before Podcasts, so it's still called Radio. I have a good old friend and a longtime friend. I knew of him before he knew of me. It's Bert Doman. And in Hawaii, he was infamous for making calls that pissed a lot of people off. but Bert was always ahead of the markets and he is now a publisher of a thing called the Wellington Report and he is as up to date on the markets as possible and as you know we're in such, I've never seen the markets so chaotic and the reason I ask Bert on today is because my generation, the boomer generation were the first generation with what's called the Defined Contribution Pension Plan.

1:53It's called a 401k or an IRA. So that came out in 1974 with an act called ERISA, Employee Retirement Income Security Act. So in 1974, the baby boomers were the first guys where their, let's say, their retirement was not assured. See, up until 1974, if you worked for, let's say, Ford Motor Company or Hawaiian Electric and all those things, your retirement was guaranteed. But for the baby boom generation, our retirements are not guaranteed. And I wrote this book here called The Rich Dad's Prophecy, and I was predicting why the biggest stock market crash in history was coming. Now, I'm kind of guessing when I wrote this book, this book was written 10 years ago.

2:46But Bert Doman of Doman Capital Research is up to date. His finger is on the pulse every single day. His publication is The Wellington Letter. I suggest you get it to find out what he sees coming. Because even if markets crash, you can still make a lot of money. But you have to know what you're doing. so Bert the reason I want you on again is that I want you to if you were a baby boomer right now and all you had was a 401k what would you do welcome Bert well a lot of things but if you're talking about the markets I would I think education is so important most people really don't spend enough time reading.

3:42Reading is very, very important. I'm teaching my five grandchildren, and they always say, if you want to be a leader, you have to be a reader. And that is so true. So if you're not informed, you're starting out on the wrong foot right away. Right now, for example, I make it a habit. When I meet people and they ask me about the markets, and say, okay, what do you have in your 401k? What do you have in your retirement plan? They have no idea. Then I say, well, is it bonds or stocks? I really don't know. I mean, how can people have their life savings in something that they're going to depend on and they don't even know if they have bonds or stocks?

4:29Or ETFs, I say ETFs and they say, what's an ETF? You know, so I think people are not doing their homework and the markets have become very complicated and you have to learn. They don't teach you this in school. And that's what I liked in the first book that you had that I read, Rich Dad, Poor Dad. And that schools, maybe they're doing this on purpose, not educating people of what they need to know in life. You can go through even graduate school. You don't even know how to calculate the difference between buying a car or leasing a car. The money factor. People don't know what a money factor is.

5:15All these things that you should know by the time you graduate from college, and they don't know it. So you always make that point. Maybe this is intentional. They want to keep people dumb. And that's the way it is. My question is, have you ever seen the markets this high and our debt so high? I mean, and if you were 70 years old, a baby boomer, and you had no financial education, all you have is a 401k, and you got probably, let's say you're 70, you probably got 20 more years of life left, and you lose everything in a crash. I mean, is that possible from your point of view, or am I being too pessimistic?

6:01You know, I have been warning about exactly that since the beginning of the year. And I even talked about, you know, in the olden days, maybe they've changed the margin rule, but I remember the 87 crash. A lot of people that were on margin, they borrowed against their stock purchases. They lost their houses. We had dinner. Somebody came here to our town. We had lunch, I'm sorry. And he worked for a major Wall Street firm. He was VP. And he told us how much he was traveling. I said, why do you travel so much? He said, foreclosing houses. I said, foreclosing? I didn't know you were in real estate.

6:44He said, we're not. But these are people that couldn't meet their margin calls. So I don't know if that rule has changed. if you can still lose your house because of a margin call. But I would look into it if I were the average speculator. You know, right now, the speculation has gotten so crazy. ETFs, the first they came out with double leverage. Then they came out with triple leverage ETFs. We just had them coming out with five times the leverage ETFs. That means if the stocks in that ETF go down 20%, that ETF is done. It's broke. It has zero value. I mean, do people realize this? No, they don't realize this.

7:30I have met people, because we do have consultation calls, and they are short, for example. A triple leveraged ETF. The ETF is short. So you buy the ETF, triple leverage. I said, do you know how fast you can lose all your money with this? You know, even when you take some of the Bitcoin ETFs, it's incredible. You know, here the ETF, the MSTR strategy has been rising and rising. It was up, I don't know, something like 10 % for the year. but the ETF that is triple leverage for that was down 36%. So people thought they were going to make three times as much as the stock itself. No, they lost their shirt.

8:22That's what happens. People don't know how the math works on these levels of ETFs. So, you know, Bert, so we have a highly uneducated baby boom generation. I think it's the largest generation. We have Gen X, Gen Z. You know, I feel for those guys. But if you were a boomer, 70 years old, your report's a Wellington report, and you know nothing. I mean, the Wellington letter is so full of information. But can the average guy use it? I mean, that's my question. I read it, and I have a tough time. I'm a real estate guy. Do you know what I mean? But how is a boomer going to save his butt or butt? You know, if you don't understand what is in the Wellington letter, you better start educating yourself because it is written for the average person.

9:25This is not, you know, full of acronyms like economists. You hear an economist talk, and then when he's done, you don't even know what he's talking about because they use all these three-letter acronyms. No, the Wellington letter is written for people who are informed. They're not for the person who just found out the difference between the bond and the stock. Those are not our subscribers. They would be unhappy because we assume that people do know the difference between a stock and a bond. But we go from there and we explain how the Federal Reserve works, how they make the money, and how all the stuff you hear on financial TV, much of it is really a bunch of BS.

10:11It is totally without value, you know? So we show you where to look. When Wall Street wants you to look to the right, you got to look to the left, you know? Because the trap is being set for you. When they're pushing one certain sector, like you hear the last six months, oh, private equity, private credit, you got to go into that. So, yeah, that was Wall Street. trying to find buyers for the stuff that they wanted to get rid of. And they were very successful in reducing their positions in this garbage. It is garbage, total garbage, you know? I mean, these companies that they invest in or the credit has really very low value.

10:54We're seeing it now. There's some huge CR, commercial real estate ventures, going bust. You know, billions of dollars. There's one building at 77 % occupancy, which is very good. You know, but it went broke. I mean, can you imagine this? It went broke. People lost everything. So, Bert, you know, Bert, Bert, I think the guys my age or our age know something's about to happen. And the reason I want you on here is this. I would say this, that if they want to really learn what's going on, even if they know little today, they should subscribe to the Wellington Litter and start to learn. Start to learn.

11:46Start to learn. And I know you have other products you can sell them or offer them. But wouldn't you think it's about time they start to learn and learn from somebody like you who is so technical in the market? Yeah. Well, right now, what's really important to learn is that everyone is over leveraged. And I've been wondering about that for almost all year. I said, get out of leverage. Do not be leveraged. Do not have a marginal account. Do not buy leveraged ETFs. This is the most important thing. This is the highest leverage that we've ever seen in the history of the stock market. Much higher than 1929.

12:27And you have to look at some of the videos, some great videos on YouTube about the 1929 crash. Watch them. Watch those videos. Watch them several times and see what led up to it. We'll see what the emotional content was before that and so on. You will see that it's identical to what we have now. What's identical? 1929 to 2025, almost 100 years. What's identical? What do you see that's matching up? The leverage and the crazy instruments that they tell you, these have great value, like the tokens and SPACs. SPACs can't even tell you what they're going to invest the money in. All of this stuff, it's all sheer speculations, stable coins.

13:21The owners of the company get all the interest and you get nothing. you get a digital number. It's just the stuff that people are getting. I said, you can't even buy a loaf of bread with it. You're putting$100 ,000 in something. You can't even buy a loaf of bread. So I tell you, I love gold and store at this point. At this point, it's been a great year for our subscribers. We have a special program called Hedgefolios where we have model portfolios that they can replicate and we give the percentage. And we've been mostly in the pressures by the gold and silver themselves and the mining stocks. The mining stocks still look terrific from earnings point of view.

14:11Hey, Bert, we have to go to break, but ladies and gentlemen, you're listening to one of the... I knew of Bert Dorman before he ever heard of me. like he was infamous for being he'd piss a lot of people in Hawaii off because he'd say things that people did not want to hear so that's where I'm on board today his his report is called the Wellington letter and I would suggest getting educated by a man who knows what he's talking about so we come back and we're going to be talking to Bert again about what if you have If you're just starting out, how could the Wellington letter support you? How could it put you on a path of understanding the micro as well as the macro of the markets?

14:58You see, most people only have the micro. But Bert takes it all together in a technical chart and explains what's going on throughout the world. So we'll be right back with Bert Gorman. And we'll be telling you how you can get a hold of this Wellington report. I subscribe to it. I watch it. I read it because that's how I want to find out what's really going on in the world instead of what CNBC or Bubble Vision tells us. We'll be right back.

15:45insurance company and affiliates. Price and coverage match limited by state law. Not available in all states.

15:54Welcome back, Robert Kiyosaki, the Rich Dad Radio Show. That's how old this show is. We still talk about radio when it should be podcast. The Rich Dad, or Zoom Path, whatever they call it. Our guest today is Bert Doman, longtime friend. Like I said, I heard about Bert a long time before you ever heard of me. and he was always controversial in Hawaii because he'd say things that people did not want to hear. And I'd say, oh, you went to Bert to him and said, oh, that lying son of a bitch. And then he was right. So I'm going to talk about his report. It's called The Wellington Letter. And it's well worth subscribing to because it is so nutrient-rich with information.

16:38on if you're going to understand the markets from a day-to-day, week-by-week, year-to-year return, it's a great place to start if you're dedicated to sitting, reading, and understanding what Bert is saying. You see, we talked about 1929. There was 1987. There was the dot-com bust, and then there was the 2008 bust. And that's how I could write this book here, Rich Dad's Prophecy. I said, they're not fixing the problem. They're making the problem bigger. And I'm concerned with my generation, the boomer generation. They're the first generation with a defined contribution pension plan. There's no Ford Motor Company behind them or generally electric.

17:35The boomers are on their own. They have a 401k or an IRA, and they have no idea what's going on. So that's why I invited Bert on to, I encourage you to, I get nothing out of this, I encourage you to subscribe to Bert's newsletter and start getting educated. If you don't understand anything, just start. We all start with nothing. And what Bert's going to talk about is something I think is kind of interesting, is all these guys going into day trading now, and the technology has changed. Like Bert says, he doesn't do that technical trading. He has markets up and down and all this, because today you're trading against the machines, and the machines will kick your ass all day long.

18:21So, Bert, if you could start with that, how dangerous is it to trade against the machines right now? yes it's a very good topic because i used to be a short-term trader not day trader day trading i think is for fools but the short term you know for a few days to a few weeks you'd hold the stock but you can't do it anymore now the elbows and the high frequency trading they're geared to take advantage of you and that's what they do if you're a good chess player you can you can probably figure out what they're planning to do. Because chess, also, you have to know how to fool your opponent. And I used to be a very good chess player.

19:06And my brother, in fact, he was a state chess champion twice. And so we played a lot of chess. He would just lie on the floor of the living room without a board even. And I would say what my move was. And he would say what his counter move would be. He wouldn't even see what I was doing. And he would still beat me, but not even looking at a board. So he was fantastic. But anyway, with the high-friction trading, these guys, as I said before, they can enter 90 ,000 trades per second. Trades, not shares, trades. And I know someone… Hey, Bert, did you say they can do 90 ,000 trades per second? Nine-zero.

19:52Nine-zero thousand. holy how can anybody beat them yeah those are machines so they're super fast computers and so i know uh here locally uh very well a person who's known to some people as the godfather of high frequency trading and he supposedly started this whole industry and he was telling me that They would enter a lot of trades all day long. And he said, if we made it on a trade of, let's say, 10 ,000 shares, if we made six cents, something like that, we consider that very big. Because you do that a million times and it adds up to real money. That's all it's about. They do it again and again.

20:43Every time they make a few pennies and then more trades. That's how they make money. And we are the suckers, the public. The public is the suckers. They know how to fool the people. They look at where is the public position. If they're all long AI, then like we just saw in November, we see the downturn. For example, at the beginning of November, everyone was bullish because it was the start of the year and rally, supposedly, right? And I said, it's not going to happen. we're going to have a very sharp correction during November just to fool everyone because everybody's wrong now. Everybody has their own stocks ready for the year-end rally.

21:25November, December is the year-end rally. And so we were having a big correction. Even the cryptos, the cryptos, in fact, let the way down and big, big declines on those. So the one thing that didn't decline very much is the precious metals, gold and silver. And here again, here's something that has real value. You can touch and you can feel it. And for thousands of years, gold has been the store of value. So that's what I personally like. This is my gold mine here, Ticket Public on the New York Stock Exchange. Oh, that's right. Well, I don't know. ODV. Oh, okay. To do that technical trading, I signed up for, I forget his name, Alexander Elder.

22:18Welcome to my trading room. And I tried, my brain, I'm a real estate brain. I'm real slow. And so when I was doing what you were doing, I was going, I can't keep up with these guys. I mean, just my brain didn't function that way. But it doesn't negate the information that your Wellington board sends out. So even if you're 20 years old, subscribe to Bert's newsletter and start educating yourself as the ups and downs of markets. It may save your butt one day. So how much does your letter cost? How do you get a hold of it? It's 750 a year, and you get about two issues, usually about 25 pages long, single space.

23:07and that's probably the most information that you will get in any newsletter. I agree 100%. You will learn more for$750 a year or you could go to Obama's, what is it called, get your college degree and learn nothing and be in debt, what, 1.8 trillion student loan debts today and learn nothing or you can subscribe to Bernie's letters. If you're 20 years old, or you're 70 years old, I would start by reading Burr's letter on a regular basis, because it'll open the world to a whole, you know, to what's really going on in the world, because it's one of the most informative newsletters I've ever seen.

23:52That's why he's on the program here. Well, thank you for your compliment. Yeah. So again, tell us, how can they get in touch with it? How can they subscribe to the letter? Well, right in the background is Doman Capital Research. The website is domancapital.com. And all the information is right there. And also has the information on our trading services. We do have services for traders that come a couple of times a week and so on. So it's for people somewhat shorter term oriented, but not day trading. We do not do day trading. We don't even touch these. Do you know that they have options now on stocks that expire in one day?

24:36They start trading early in the morning. At the end of the day, they're gone. End of day options. I mean, it's ridiculous when you consider this. And the ETFs, for single stocks, they have ETFs. The ETF only has one stock in it. I mean, we are seeing a casino. Wall Street has become a casino. but that doesn't mean you can't make money. I still love investing. For me, it's still the best way to make money. I started when I was in college. I started with$400, and I was in graduate school, didn't have much money, and I started trading with$400. And, yeah, and then a few years later, I graduated. I went to Geneva, Switzerland, where I could trade on 10 % margin, whereas here in the U.S.

25:28it was 50 % or 70 % margin, depending on what the SEC decided. What can a person do? That's the most important question. When they study, they start studying, let's say, with Wellington Report letter. I mentioned the word technical analysis, and you think it's complicated, but I'm saying that is the secret sauce of high-frequency trading. This is what they use, and nobody knows this. I discovered that they used technical analysis from A to Z. I've never seen technical analysis work as well as it has now. You can get the downside tick and a decline immediately to the dollar, to the dollar. You can find out where it's going to stop and where it's going to start going up again.

26:18Look, regardless if you're in stocks or not, see, I'm basically a real estate, oil, and precious metal guy. Yeah. I still have to read your letter. That's what I'm saying. You know, too many people are only in stocks. You know, I make more money per month than people make in a lifetime. But it's cash flow. That's why my game is cash flow. How much income comes in, whether I work or not. That's my game. So the Wellington Report is for everybody, is what I'm trying to say, not just technical analysis and all this. And it's everything, the whole economic background. But also, we talk about how the economic numbers that are published really deceive you.

27:05They're meant to deceive you. And finally, we talk about the jobs numbers all the time. I said, all those jobs numbers are false. They're false. And finally, President Trump said, they're false. And he fired the head of the Bureau of Labor Statistics. We call it the DLS. That's the Bureau of Labor Statistics. I always call it the Bureau of Lines Statistics because they're all lies. Right. And then right now, everybody's hot on AI. Everybody's jumping on the bagwag. It's like the dot-com, the dot-com, what, 2000 or something like that. Identical. They'll always find something to hype you up, but you know nothing.

27:46It's a get-rich-quick mentality. So, Bert, I want to thank you for being part of the show. Again, how did they get in touch, how did they subscribe to the Wellington Report letter, and how much does it cost? Yeah, it's domancapital.com is the website. and the well-international$750, but the trading services go up to$6 ,000 per year. Anyway, thank you, Bert, and good luck to you, and thanks for keeping up the holding the camp. Yeah, it's so good to see you again. Okay. Thank you. All right, Rob. All the best to you. And I will wish your viewers great success in the markets, and don't be leveraged.

28:28Okay. Thank you, and we're right back for the final word. All right, bye. Thank you, Bert.

28:40Welcome back. Robert Cusack, The Rich Dad Radio Show. And I want to thank Bert Doman. I wrote this book again, Rich Dad's Prophecy. Why the biggest stock market crash in history is still coming. I think it's here. And so that's why if you're 20 years old or 70 years old and you haven't started, You know, if you have no financial education, of course I recommend Rich Dad, Poor Dad, but it's not as data-driven as the Wellington letter is. So Bert's letter is, even if you don't understand all of it at the start, please start. You know, start reading a little bit by a time. It's so packed with information.

29:23Much of it you may not be able to use, But as you get more educated, it becomes more valuable and more priceless. Because as Brett will tell you, you don't care if the market's going up or down. Because if you understand markets, you can make money going either way. So it's really tragic right now. I'll say it again. My generation in 1974 was ERISA was passed. passed, Employee Retirement Income Security Act. I knew when they said that, everything the government says, income security, I knew your income wasn't secure. And it was the first time our, you know, boomer generation had defined contribution pension plan.

30:12Defined contribution means you only get what you put in, but if it gets wiped out, He's lost everything. Whereas my father's generation, poor dad, he worked for, let's say, let's say he worked for Ford, if he did, worked for Ford Motor Company, he was guaranteed a pension anyway. The boomers don't have that luxury. So that's why Burke Doman's report, the Wellington report, is extremely important for those who want to start their financial education and know what's going on in the world. Again, rich dad, we make no recommendations. I do have gold mines. I do own a lot of gold and silver, but I've been doing this for much of my life.