Self Directed IRA
By: Jennifer Bailey
In a self-directed IRA, you have complete control over funds in your Individual Retirement Account. This allows you to make the best use of your savings. People who are not covered by any other pension plan can go for a self-directed IRA.
That means an individual opens an IRA and starts making regular contributions to this account. And if he wants to invest the money deposited in an IRA, then he may be free to do so according to his choice.
The advantage is that any gains from these investments are not going to be taxed. So one can say that a self-directed IRA is another way of saving money for the future, and provides a good investment opportunity also.
Many persons prefer to be custodians of their own account, but it may not be a feasible option for all.
If you are not sure whether you want to operate a self-directed IRA or you want to know how to do it, you can search for guidelines, tips and advise on the Internet, or go to a self-directed IRA advisor.
Those who are going for self-directed IRAs should be aware of the rules and regulations governing such accounts. There might be certain amendments in these rules at regular intervals, as deemed fit by the government departments concerned. So it is advisable to keep in touch with your financial advisor so that you are updated about any such changes. If you are covered by some other retirement plans also, you may not be able to enjoy certain benefits of a self-directed IRA. A detailed discussion with a self-directed IRA advisor can help you to make the right decisions in such cases.
IRA provides detailed information on IRA, Roth IRA, Traditional IRA, Self Directed IRA and more. IRA is affiliated with Roth IRA Contributions
Tell your friends about this site! This blog is provided by Denise Michaels. To see more blogs by Denise to go http://GreatIdeasForWomenOver40.com.Denise Michaels is author of the myth-shattering book, “Testosterone-Free Marketing” for women business owners. Go to http://MarketingForHer.com and click on “Get the Book!”
posted by Denise Michaels @ 11:05 AM
Basics of Investment Planning
By: Mika Hamilton
In today's current investment markets, there has been an increase in the number of individuals deciding and adhering to an investment plan. Perhaps this is caused by the drastic increases in the cost of living or the profound insecurity about the future of social security, and retirement funds. Many families are looking for investments plans which help them build two funds – one for the future and one for the present. Most people are not interested in purchasing stocks and bonds. This is both time consuming and complicated.
Investment plans essential allow the an investor to buy a set number of stocks, bonds, and securities. Purchasing is done on a regular and consistent basis. Funds for the investment are taking directly from a check, savings, or money market accounts automatically. These money is used to buy stocks and bonds that were pre-decided upon. For the most part you can change any of variables at anytime. These variables include amount, frequency, and what stocks are bought. There may be fees associated with changes. Make sure these fees are known before you sign your contract with your broker. However, if you are looking for more freedom most online investments firms allow you to change your variables anytime for free.
The next important step in an investment plan is figure out how much money you would like to invest.
It is a good idea to have a household budget. This will allow you to clearly analyze how much extra money is available for investing. Due to the long term nature of investment plans, you would suffer a financial lost if you had pull out early because you invested more money then you could afford. Make sure the amount you pick is readily available for each time the investment comes up. Remember just because you have extra money now does not mean in the future you will. Many investors come up short several months after starting their investments plans because they did not budget for an emergency fun. If you do feel you are at point where you can not no longer make a regular investment more investment companies will allow you to reduce or hold the next schedule investment.
Now you know how an investment plan works and you have the money to invest. The next question is how do you decide what to invest in. Research is the key component to this step. It does take time to decide but it is well worth the effort. Make sure you find stocks that have a history of performing well in the long term. At the time of purchase they may be expensive however they will probably also continue to increases which will directly benefit you. As you feel more and more comfortable with investing feel free to add more stocks and bonds to your portfolios. Many financial experts believe that diversification is a great way to increase your investment profits.
Investment plans are a great for the casual investor to make safe, low risk investments which will lead, in the long term, to increased profit and financial stability.
Visit the Global Investment Institute and signup for our free Investing For Beginners E-Course at http://www.Global-Investment-Institute.com
Investment webmasters or publishers, please feel free to use this article provided this reference is included and all links remain active.
Tell your friends about this site! This blog is provided by Denise Michaels. To see more blogs by Denise to go http://GreatIdeasForWomenOver40.com.Denise Michaels is author of the myth-shattering book, “Testosterone-Free Marketing” for women business owners. Go to http://MarketingForHer.com and click on “Get the Book!”
posted by Denise Michaels @ 12:52 PM
Personal Finance - A Quick Introduction To Three Money Generating Instruments
By: J. Teo
Most people when asked today are either floundering in debt or asset rich and cash poor. This is because most of the funds and plans that people invest in are usually capital appreciation instruments. This means that you can make money due to the difference in the buying and selling price of the instrument. So while you are invested in the instruments, you do not make much with the exception of dividends issued either once or twice a year.
This article will therefore introduce you to three common cash flow generating instruments which can help you generate such cash for your investment portfolio.
REITS also known as Real Estate Investment Trusts are basically instruments which allow individuals to get a stream of income from the rental income of the properties after the management companies deduct their operating expenses to manage the properties. Yields may vary between classes of properties and you buy the shares in the REITs and have a share of the rental income. Spend time looking at the return of the REIT and the properties portfolio to decide if that REIT is for you to invest in. Avoid REITs with overly high management fees since its not in your best interest.
Forex Managed Accounts represent another income stream if you are not into Forex Trading yourself. Some banks and large financial institutions have Forex Traders trading on your behalf and they can give you certain fixed monthly returns each month. Look for companies that have good money management strategies and look at some of their returns before investing in these companies. But that said in Forex the risk comes with great reward so do consider Forex Managed Accounts a possible investment alternative.
Oil Trusts work like real estate investment trusts, except that the amount that you get is dependent on the price of oil. You are basically sharing the oil proceeds with the oil field and each month they calculate the price of oil sold and you get a share of that. This means that you will earn more in a month where the price of oil is high. Thus the best time to invest in these more exotic investments is when the price of oil is low and you can purchase more shares of the oil field at a lower price.
In conclusion, its not all and gloom in investment land. Spend some time looking and shopping around for cash flow generating money making investments to balance your investment portfolio so that you will not end up asset rich and income poor. Even better, take your capital gained from your other instruments and then slowly place them into real estate of you own and generate even more cash each month to spend. Take massive action today and reach your financial destiny earlier rather than later!
Copyright © 2006 J. Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)
Joel Teo is the successful Webmaster of http://www.RealEstateInvestment101.info Learn how you can make money in real estate with our real estate success series today and start generating a positive monthly cashflow from your property investments.
Tell your friends about this site! This blog is provided by Denise Michaels. To see more blogs by Denise to go http://GreatIdeasForWomenOver40.com.Denise Michaels is author of the myth-shattering book, “Testosterone-Free Marketing” for women business owners. Go to http://MarketingForHer.com and click on “Get the Book!”
posted by Denise Michaels @ 11:05 AM
Use A Mortgage Calculator When Investing Your Capital
By: Karen Kirby
Being a private mortgage lender and investing your capital in other people's mortgages can be a very satisfying as well as profitable business.
However, when you start to look at a foreclosure loss type of mortgage calculator, then things are not going so well, and your investment is in jeopardy.
Unless you allow the mortgage to go into too much arrears before foreclosure, you should still make a profit on it. By using a mortgage calculator that calculates many variables you can ensure that you don't lose too many months of interest and therefore accrue less profit.
If your investment does pay off, however, should you continue to invest your capital or prepay your mortgage?
Figuring out whether to invest or to pay down debts is tricky. A mortgage calculator can show you how much your monthly payments would change if you replaced several debts with either a home equity loan or a new mortgage. If you have a large amount of debt, then refinancing to get control of debt should probably be your first move.
Whichever way you look at it, using your capital in some form of investment account or as prepayment against your mortgage, you are putting your money to work.
A mortgage calculator, specifically a prepayment versus investment calculator, will help you decide which method works most efficiently for your situation.
Karen Kirby has over 25 years' experience in the computer industry, an MS in Computer Science, and a BA in Honors English. She has been helping people with Internet marketing since 1995. For more information on mortgage calculators for investment and prepayment see http://mortgagecalculator.eworldresponder.com/mortgage-calculator-decision-to-prepay-or-invest.htm -- be sure to get a free copy of the "Internet Marketer's Guide to Free Traffic" at http://www.aimbright.com/ebook/
Copyright 2006 - Karen Kirby. All Rights Reserved Worldwide.
Tell your friends about this site! This blog is provided by Denise Michaels. To see more blogs by Denise to go http://GreatIdeasForWomenOver40.com.Denise Michaels is author of the myth-shattering book, “Testosterone-Free Marketing” for women business owners. Go to http://MarketingForHer.com and click on “Get the Book!”
posted by Denise Michaels @ 11:42 AM
|
