![]() ![]() It’s like where the heck did all my money go? And you look at these expense ratios and doesn’t it’s not all inclusive of all the He’s certainly right. Like when I had a rental property, I was making like 30% a year when I was, you know, my leverage position was good, but then you look at my like the stocks and mutual funds like you’re making, what, seven 8% a year. And that’s what really upsets me about all that retirement funds stuck in these mutual funds. ![]() We are here here for giving information and what do I know, right? I mean, I just bought some rental properties and quit my day job about 12 years later. ![]() So that’s really the role we play the role you play in the value, you know, to some degree of a self directed account. So the self and self direction means you find your own investments, you evaluate them, you do your own due diligence, and we go by and when you’re ready. All of those can be done in an IRA and for those that are looking Looking at the screen, you know, we one of the things that we make clear from the get go is we’re not advisors, we’re not tax accountants, we’re not, you know, legal professionals, we’re custodians, we’re just here to hold your account, take your direction and hold the assets that you want. But as you mentioned, kind of the Vanguard’s the Schwab’s the fidelity’s, they’re in the business of providing retirement account custody, right, just like we are, but their business is to hold investments that are traditional stocks, bonds, mutual funds, Navy just exist in the same manner to hold investments that are not stocks, bonds, mutual funds, so we’re here to provide the same level of custody, but we’re allowing you as a client to pick your own investments to include things like real property or mortgage notes, private equity, right? All the passive investments, you know, that Lane talks to you guys about all the time. And so what do we know is just individual investors, right? We’re all unfortunately left holding the bag. And, you know, I think we’re seeing that out in the market today, you know, as we see it going up and going down and I read an article that you’ve got three different companies that are in the process of filing for bankruptcy that are up over 30% you know, which conventional wisdom would tell you you get out of a stock before they file bankruptcy, not get into them. But I think we’d all agree, the financial markets as a whole are just not designed for the average retail investor unless they happen to get in and get out at the right time. And I don’t know if it’s an old wives tale or if it is reality in terms of American history and the origin of the mutual fund. Share? Well, you know, you kind of hit on something. But yeah, let’s quickly go over what the heck is a self directed IRA? And, you know, how can we use this to turbocharge our investing Less than 10 so people don’t go to sleep. ![]() How are you? Thanks for having me.Īll right, so we’ve got about nine slides here. So again, that’s slash q RP if you guys want to check out the video there, but I got a special guest today, Jason from new view trusts. Hear that? If you guys want to go to the YouTube channel you guys can check out there or I will put this up on our retirement fund account page at simple passive cash flow calm slash q Rp. Those of you guys listening on the podcast will also have a nice presentation slides. I don’t know if this is true American history here but it created this thing called the mutual fund to keep your money locked up so they could extract a gazillion hidden fees. If you guys didn’t know you guys can take your retirement account and roll it into a self directed IRA, either a Roth form or a regular IRA form, but you’re going to need to get it out of the hands of those who can say the names that the Vanguard’s fidelity’s all those like big brokerages that you know they got in cahoots with the government way back when in the 80s in the 70s. Today we are going to talk about self directed IRAs. Hey everybody, this is Lane with the simple passive casual podcast. And then one day he went try to rent them This is a story about a dude named Lane he moved to the mainland and bought one place to stay. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |