Quoted:
Quoted: I converted my IRA to a self directed IRA. My IRA now owns an Investment LLC that I am the manager of. Go to checkbookIRA.com EZ and low cost |
i've been attempting to learn more about finance lately, can you tell me the reason you did this, thanks, joe |
I wanted control on how to invest my Federal IRA. (TSP)
Rather than mandated Gubment' T- bills or Stock Funds to choose from
I preferred to have control on what I can invest in.
I chose Real Estate. You must adhere to IRS guidelines to avoid any self dealing.
Its not that complicated. I bought some small land parcels in Arkansas and Alabama.
My speculation is in 10 years these parcels should (I hope) will yield me at least
20- 70% on my return as opposed to 5-6% on the T- bills.
If they don't, I pissed away $100K
Talking to people who know the game helps. Thats how I learned.
Over the years I was fortunate enough to come in contact with the right people.
Good luck.