<prompt> Human: Ive recently discovered Robert Kiyosaki on Youtube, and am hooked. He basically says most people are told to do the following things from a young age, and that theyre terrible ideas:-Go to school so you can get a good job-Get a job, work hard, and pay taxes-Buy a house as it is an asset-Save money and stay debt-free-Invest money in the stock market for the long termI see his point for all of the above except the last one. Why does he think it is a bad idea to put money into the stock market for the long term? He talks a lot about Roth and IRA which are USA-specific, and Im wondering if there are tax penalties associated with these devices. Im in the UK where we have wrappers that allow you to invest money every year and pay nothing on capital gains or dividends - something Id have thought hed be in favour of.Why does he think the stock market is not a long term investment? Note that Im not asking people to persuade me why the stock market is indeed a good investment; Im already a passive investor who gets the theory and puts his money where his mouth is. But Kiyosaki is obviously an intelligent man who knows what he is talking about, so Id like to hear why he is against this idea.  <response>: Kiyosaki is, I dont think, a reputable source for financial advice. Probably the best advice he gives is sell financial advice to other people, which is how he made his money. I think he went bankrupt a bunch of times too. 