I recently became eligible for 401k at work, but I’ve chosen to forgo it and just keep the money. Tangible assets are the best investment right now; even if the government wasn’t scheming to get a hold of 401k accounts, inflation alone will make all that money disappear overnight.
Not to mention that stocks are grossly inflated.
The basic idea in being part owner of a business is to make money from your share of the profits. In the stock market, the idea is to guess which stock will experience a run of people wanting it so the price gets bid up.
So, I agree wholeheartedly with your post. Tangible assets that depreciate very little and/or have value or income potential in their own right is the way to go.