We recently reviewed a very interesting article on Forbes.com regarding investing in the stock market. The guest writer outlined 6 reasons why he does not heavily invest in the stock market. He had some valid points about today?s stock market, as well as what changes the future may mean in terms of one?s success when investing in stocks. In the past, long-term investors have been taught that traditionally, a certain percentage of your diversified portfolio should be in stocks. While we are neither agreeing nor disagreeing with that point, we do agree the writer poses significant observations that may, in fact, affect change in the traditional frame of thought when making stock market investments. (As his article may be of interest to you, we will post the link at the end of this blog.)
The writer?s reasons as to why he doesn?t invest in the stock market culminate in the suggestion that our baseline for stock investing may be modified due not only to changes in our own country, but across the globe, as well. However, this point is hardly news to us. The stock market is fluid. Its tide ebbs and flows, dictated solely by the hopes and fears of people, based on suppositions that may or may not come true.
So, it wasn?t the lesson on the quirks of the market that interested us. What jumped off the page was the writer?s simple sentence: Invest in what you know.
And while the writer was not speaking in terms of self-directed IRAs ? this principle is the whole basis for self-directed IRAs. In fact, that sentence is a self-directed IRA administrator?s mantra. Invest in what you know.
Self-directed IRAs have the potential to build wealth in some areas with exponential returns when the investor is not simply informed, but fully educated regarding investments he or she chooses to make. The premise of a self-directed IRAs is that the investor is in complete control of the investment decisions that are made, eliminating the input that traditional investment brokers offer you.
Invest in what you know. This maxim opens your mind to things you may not have considered in the past. Take a minute and think about things you are interested in or familiar with, and expand those boundaries to include things you may always have wanted to do.
Chances are at least several items on your list are investment possibilities within a self-directed IRA. Want to breed and sell race horses? How about owning rental properties in some exotic locale? Maybe with the low cost of real estate these days you want to try your hand at rehabbing and flipping houses. You might even choose to invest in foreign exchange. Know a thing or two about precious metals and want to expand your horizons? Or perhaps you?d like to invest in tax liens and certificates, or even become a private lender. You might even decide to brush up on your knowledge of investing in the stock market and try your hand at that no matter what the critics say. The point is ? choosing to self-direct your IRA ups your ante in investment opportunities. You are able to choose a variety of alternative investments over more conventional investment methods and give your IRA the opportunity to build additional wealth for your retirement.
When you choose Advanta IRA to administrate your self-directed IRA, you gain the use of our educational tools designed to increase your knowledge of potential investments. Advanta IRA also offers free seminars, webinars and other educational curriculum that can potentially increase your chances of success. When you partner with us, it?s not just about what you know now?it?s also about what our educational tools can offer in terms of broadening your knowledge regarding future investment endeavors.
Invest in what you know?
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To read the article regarding the stock market on Forbes.com go to http://www.forbes.com/sites/ericsavitz/2012/03/21/6-reasons-why-i-dont-invest-in-the-u-s-stock-market/.
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