Rich Dad Poor Dad hates mutual funds or ETFs: 'Do your homework..'

Core Viewpoint - The executive action by President Trump on August 7 allows 401(k) holders to invest in alternative assets, which is seen as a significant opportunity for diversification and value enhancement in retirement accounts [1][4]. Group 1: Executive Action Details - The executive order named "Democratizing Access" aims to reduce barriers for fiduciaries to include private markets, crypto, and other alternative investments in retirement plans [4]. - The Department of Labor and the SEC are encouraged to review existing rules to facilitate this inclusion [4][5]. - The initiative seeks to provide clearer guidance for plan sponsors and reduce litigation that has previously limited new offerings in retirement accounts [5]. Group 2: Investor Perspective - Robert Kiyosaki emphasizes the importance of researching and understanding investments, suggesting that those unwilling to take risks should stick with traditional mutual funds [3]. - Kiyosaki has a strong preference against mutual funds and ETFs, referring to them as tools for "losers" and advocating for nontraditional assets instead [2][6]. - He has previously encouraged followers to pursue financial freedom through alternative investments, particularly Bitcoin, which he describes as a simple and effective option [6][7].