1 min read
Sources:
Kevin's account, his own videos
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Short answer
Real estate, bought with no debt, for this phase of the cycle. His reasoning: yields are near a peak, so real estate is bottoming, while stocks may be topping the way they did in 2000, when the Nasdaq fell over 80% and housing barely moved. Paid-off property can later be borrowed against at fixed rates to buy more after a crash. His company is the position: about 85% real estate, about 2.5% stocks. For most people he still says cheap index funds first. 1
His tilt: Real estate (no debt, for now)
Reinvest mix: 85% / 2.5% (real estate / public securities)
For most people: Index first (QQQM and SPYM)
His view
Kevin’s account
I am mostly exposed to real estate because I believe real estate is bottoming around the country as we enter an era of peak yields, while the stock market may be in a topping cycle, much like the dot-com bubble, where the Nasdaq 100 fell over 80% while real estate fell at most about 1%. That is why I am bullish on acquiring real estate now with no debt, so that if the market does crash, that paid-off real estate could be piggy-banked open and leveraged into long-term fixed-rate loans to buy substantially more after rates fall. 1
The company as the trade
Reinvest is that view in corporate form: 38 properties at June 2026, carried at $63.1 million net, no mortgage on any of them, and about $1 million in public securities. The 2021 campaign page has his companion thesis, that California’s permitting failures keep supply scarce, which is why the portfolio concentrates there.
What he tells everyone else
Index funds first. Concentrated bets, including real estate, only when the rest of your money is diversified.
In his own videos
September 2, 2026: the company is 85% real estate and about 12% to 13% cash. 2
Real estate now, with no mortgage, so the next crash is a shopping trip. He says it is a cycle call, not a rule. 1
Simply put
✅ Why real estate
➡️ Rates have peaked, so property prices have bottomed, he thinks.
➡️ Stocks look like 2000 to him. Houses did not crash in 2000.
✅ Why no debt
➡️ So a crash cannot take the buildings.
➡️ After the crash, borrow cheap against them and buy more.
✅ Not for everyone
➡️ His advice for most people is still to start with index funds.
Sources
Kevin's account, The bear-bull scale: “I'm bullish on acquiring real estate now with no debt, so that if the market does crash, that paid-off real estate could be piggy-banked open and leveraged into long-term fixed-rate loans to buy substantially more after rates fall.” Read the excerpt
Kevin on YouTube, "AVOID the TRAP in these AI Stocks: The Earnings Divide." (2026-09-02), at 13:43: “our company is 85% real estate. And like 12% cash or 13% cash.” Watch from 13:43
