Although Robert Kiyosaki, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has not focused much on the stock market in his financial advice and investment suggestions, he has recently made comments on the Apple (NASDAQ: AAPL) stock.
Indeed, Kiyosaki commented on Apple CEO Tim Cook selling 511,000 shares of company stock valued at about $88 million in his biggest sale since 2021, as well as the KeyBanc Capital Markets Analyst Brandon Nispel downgrading the stock from ‘Overweight’ to ‘Sector Weight,’ in his X post on October 4.
According to the finance educator, the above did not diminish his love for Apple and that it might be time to buy some of the company’s stock if their price dropped below the $150 threshold, considering he did not own any at the time of writing.
As a reminder, Kiyosaki shared a pessimistic outlook for the future of the stock market back in July, arguing it was in for a severe crash, earlier recommending the highly prized Japan-native Wagyu cattle as a better investment option than stocks, as Finbold reported on April 25.
AAPL price analysis
At press time, the price of the AAPL stock stood at $173.66, which represents a 0.73% gain in the last 24 hours, an increase of 2.42% across the previous five days, but an 8.46% decline on its 30-day chart, as per data obtained by Finbold on October 5.
Earlier, Finbold reported that the artificial intelligence (AI) boom, combined with the release of the new iPhone 15, helped AAPL increase its value since the year’s turn, outperforming the S&P 500’s returns, although a drop in revenue in the third quarter caused the stock to dip 14% from its 52-week high of $198.23.
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Source: https://finbold.com/r-kiyosaki-it-may-be-time-to-buy-apple-if-shares-drop-below-150/