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A Kindergarten Lesson In Using Your Self-Directed IRA November 18, 2010

Posted by Jeff Nabers in : Uncategorized , 10comments

Well, first off, if you haven’t seen this video yet, check it out here:

[WARNING: There are two instances of cursing. If you are easily upset by cursing or a minor, don't watch this video]

If you already know how ridiculously bad the Federal Reserve is for you and I, that video is probably a source of comedy. Or maybe you’ll say, “Finally something I can share with my friends who actually believe what the TV and newspapers say.”

But if you didn’t already know about the money game that is currently doing its best to destroy the economy of the wealthiest country in the world, then that probably wasn’t funny at all. It was probably eye opening.

Either way, that video is 90% accurate and its message is important.

You see, we learn and forget over and over that the crowd is wrong. Most people in the crowd lost their shirt in the real estate bubble (especially Self-Directed IRA & Solo 401k investors). Many of those exact same people lost their shirt in the tech stock bubble in 2000. Chances are you know at least one person who always ends up in the crowd and gets financially shafted by these kinds of things.

The trick here is to not forget. Remember that the crowds almost always lose in investing.

And what has the crowd done in the past few years?

“My goodness! Things are going crazy! I’m going to seek the safety of cash. Cash is king. I’m pulling all my money out of stocks and putting it money market accounts or even just a savings account.”

Now try remembering.

Okay, that’s the move the crowd made, so cash is what’s going to blow up and crash next, right?

Right.

——

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The Most Elusive & Dangerous Self-Directed IRA Practice – Part 2 November 16, 2010

Posted by Jeff Nabers in : Business Start-Ups, Money, Personal Enjoyment, Personal Productivity, real estate, Self Directed IRA Solo 401k, Small Business Lending , 7comments

In the last post, you learned about how doing an active “entrepreneurship-ish” deal inside your IRA is an open invitation for the IRS to tax the hell out of you.

In this post, you’ll learn the solution.

The solution is to structure both your active entrepreneurship and your passive investment activity in a way that that puts you in the most control. Put another way, avoid giving the IRS an open invitation to tax attack you.

I bet you can guess where this is going (one commenter had a pretty good (more…)

The Most Elusive & Dangerous Self-Directed IRA Practice November 14, 2010

Posted by Jeff Nabers in : Business Start-Ups, Personal Enjoyment, real estate, Self Directed IRA Solo 401k , 11comments

There’s something that most “successful” Self-Directed IRA investors do that can spin them out of control and get them into trouble.

I say “successful” in quotation marks because I’m talking about the particular kind of Self-Directed IRA success that is sexy enough to be frequently written about.

What is this dirty deed that leads to massive profits and the potential implosion the very same Self-Directed IRA that got those profits?

Entrepreneurship.

Bad Entrepreneur!

Yep. Entrepreneurship is so powerful that it seems to be the source of all aggressive wealth creation. So where’s the danger?

Let me explain. Some of the most [initially] profitable Self-Directed IRA stories sounds something like this…

Joe, a Self-Directed IRA investor, knows how to work real estate deals into profits. So he buys and sells real estate in his Self-Directed IRA. Sometimes he involves bank financing. Sometimes he involves private financing and partnering.

But one thing is for sure: Once Joe purchases a property, the work has just begun. He has a system. He only buys properties that meet a certain criteria. After the closing, he usually has repairs and/or remodeling work done.

And his system works. He’ll put $30k or $40k of his Self-Directed IRA money into a deal and get $80k to $100k out, often less than a year or two later.

First, applaud Joe for (more…)