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Recessionproof, bubbleproof real estate investing with a Self-Directed IRA LLC or Solo 401k February 24, 2009

Posted by Jeff Nabers in : real estate, Self Directed IRA Solo 401k , add a comment

[youtube=http://www.youtube.com/watch?v=hyJnqiI7GG4]

So the housing market tanked. It caused many people to run away from real estate investing, but the real estate opportunities are growing. I’m not talking about the ability to buy properties for cheaply and sell them for more.

This video examines how investing for income differs from investing for gains. The two objectives carry different risks and different (more…)

Video: Financial Statements of Publicly Traded Companies. How reliable are they? September 3, 2008

Posted by Jeff Nabers in : Precious Metals, real estate, Self Directed IRA Solo 401k , add a comment

In this brief video clip, listen to CPA/CFP Eric Wikstrom relate his experience from dealing with financial statements from large corporations during his auditing years, including during his employment at Arthur Andersen before it went down with Enron.

[youtube=http://www.youtube.com/watch?v=bsf0wjj_mgY&hl=en&fs=1&rel=0&color1=0x2b405b&color2=0x6b8ab6&border=1]

Eric very politely touches on the issue of large corporations facing a difficult task in producing accurate financial statements. The unreliability of financial statements expands much further when we also consider the many outright scandals we’ve all seen in the news. Enron, Tyco, WorldCom, and that breed of scandals. Then there’s the Freddie Mac accounting scandal that misreported income several years in a row by up for $4 billion. Fannie Mae had its own debacle where $200 million of losses were shifted in order for top (more…)