Robert Kiyosaki, the author of Rich Dad Poor Dad, expressed enthusiasm for the August 7 executive action by President Donald Trump that allows 401(k)holders to invest in various alternative assets like real estate, private equity, crypto, and precious metals.
Kiyosaki referred to it as “BIG NEWS” in a post on X, clarifying that it will make the alternatives he uses in his retirement accounts, like gold, silver, and Bitcoin, “more valuable.”
Kiyosaki explained that the new changes have been brought to his attention by his friend Andy Schectman, who treats investors “like adults”. It allowed for “smarter” and more “sophisticated” savers to diversify their accounts with alternative investments rather than mutual funds and ETFs.
“As some of you know, I do not invest in mutual funds or ETFs. To me, Mutual funds and ETFS are for ‘losers,’ Kiyosaki joked, as he reiterated his known objection to retirement tools.
He encouraged investors to research and do their “homework”. If they are not willing to take on risk, he added, they should stick with “vanilla” funds.
As reported earlier, the executive order named Democratizing Access was signed by President Trump to allow alternative investments for 401(k) investors. It encourages the Department of Labor and the SEC to review existing rules. The purpose is to create fewer barriers for fiduciaries to add private markets, crypto, and other alternatives to retirement plans.
They also prod regulators to revise ERISA fiduciary guidance. Plan sponsors would receive a clearer lay of the land and potential safe harbors. The aim is to reduce litigation that has curbed new offerings by retirement accounts.
The White House said millions of Americans are being left behind as 401(k) savers have been limited to mutual funds and public equities.
In the past, Kiyosaki urged his followers to pursue financial freedom using nontraditional assets. He suggested that anyone who wants to become a millionaire by way of Bitcoin should consider the “Pure Genius” design.
On an Aug. 6 post on X, Kiyosaki then praised Bitcoin’s simplicity, and told investors to “set it and forget it,” or as many in the crypto community would say – HODL.
Edited by: Mehab Qureshi
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This story was originally reported by TheStreet on Sep 17, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.