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June 27, 2005
Rich Dad's Investor Workshop
I had the opportunity to meet a lot of really great people this weekend at Rich Dad's Investment Workshop here in Dallas. I am told there were more than 1500 people in attendance at the event and if I shook one hand I shook a thousand.
The attendees ranged from a very impressive 10-year-old named John Paul who had read every single one of the Rich Dad books and could tell you the definition of an LLC or debate with you the pros and cons of licensing to 60 and 70 year olds who were just looking for a better way to manage their retirement assets.
I did one presentation with Robert Kiyosaki from the main stage in the morning in which I quickly made three main points. They were: 1) avoid permanent losses like the plague; 2) cash flow is superior to capital appreciation; and 3) the so-called "experts" are best at making themselves rich, not you.
I followed that up with two longer programs during the concurrent sessions which covered basically the same points but in much more detail. In those programs I showed the attendees another way of looking at the riskiness of the stock market, the real power of consistent returns, why your maximum rate of withdrawal from a retirement portfolio is so small, and a way to increase the growth and or withdrawal rate in a portfolio with about the same level of risk as an investment-grade bond portfolio.
I hope everyone who attended really enjoyed the show and learned a lot. For those who were unable to attend - you missed a great educational opportunity. My thanks to Kim and Robert Kiyosaki for inviting me to be a part of their workshop and to KRLD for putting the whole event together.
Kim Snider, Kim Snider Financial Communications, Chronim Investments and/or Snider Advisors make no representation that the information and opinions expressed are accurate, complete or current. The opinions expressed should not be construed as financial, legal, tax, or other advice and are provided for informational purposes only. Call 866-952-0100 to request the Snider Investment Method™ Owner's Manual, which includes a description of the Snider Investment Method, investment objectives, risks, suitability and other information. Please read and consider carefully before investing. All investments are subject to risk including possible loss of principal.
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Focus of This Blog
Kim Snider is an author, speaker and host of Financial Success Coaching, Saturdays at noon, on KRLD Newsradio 1080, Dallas - Fort Worth. This blog is primarily devoted to empowering individual investors with information to help them be good stewards of their money. Above all, it is about achieving true financial success. Kim's book, How To Be the Family CFO: Four Simple Steps to Put Your Financial House in Order is in bookstores now. Order yours from Amazon or other fine booksellers today.
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