Have you ever wished that you could diversify your retirement account, not only among different assets but also among different countries? Many people think that their only options for their IRA funds are in the stock market or in cash.
Happily that is not the case. There are many opportunities out there--and they are not even limited to a single country.
Here is a partial list of investments that you are legally allowed to hold within your retirement account, whether inside or outside the U.S. For this partial list we give credit to Simon Black of the Sovereign Man newsletter.
"- Gold stored in your home
- Foreign real estate
- Gold stored securely overseas
- FOREX, hard money loans, Options, Stocks & Bonds
And of course much more…"
Simon goes on to say that the process is simple. It involves investing your IRA funds in a properly structured LLC of which you are appointed manager and you direct the activities of the LLC.
Most of us are painfully aware that we are living in an age of financial uncertainty. Diversification is one way to protect oneself financially. Not only between different banks and types of investment, but also different countries.
Simon writes a very good newsletter. Right now it is free, although I suspect it will not always be so. You can read the current issue about how to diversify your IRA, as well as back issues, at http://www.sovereignman.com/. You can even sign up for his daily newsletter there if you are interested. Simon provides information that is not easy to come by. Plus he tells you enough details about how to do it that at least you have some idea how to proceed or where to find the information that you need.
Let me know what you think.
I hope to be back in South America in mid-September.
© Arlean Kelley 08/31/2009 All rights reserved.
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