Tangible means maintenance too...which is a problem. Not to mention insurance, taxes, and all the other costs associated.At least with real estate, you have something tangible that you control.
With a stock, you are depending upon someone's judgment. I picked up many of my Apple shares when Scully was still CEO. The company had gone from high flier to doomed. Apple's HQ building at 1 Infinite Loop had a Computer Literacy bookstore and other businesses in the parking lot to defer expenses. Even then the parking lot was 1/2 empty. Former Apple workers at the company I worked for had stock options at $13 which was considerably over the market price.
No one is talking about one stock. If you buy the market, you have no single stock risk and you’ll do great over time. The end.
Buying one house is a huge risk because it’s generally a large portion of a person’s net worth. And you’re also betting your judgement was good, which is questionable.