Don’t let Wall Street decide where to put your money.
The end of the year is upon us and it’s time to decide whether or not to make changes to your IRA account. For years, the wealthy have been diversifying their assets beyond stock and bonds to include gold, real estate and other alternative assets in order to hedge against investment risk. But for the average person, this often seems out of reach. Though most Americans don’t realize it, you can actually use your IRAs to invest in alternatives, as we highlighted last week.
If you’re an investor who knows what you want and wish to take control of your portfolio, consider rolling over your traditional IRA, filled with stocks and bonds, into a self-directed IRA, which allows you to fully customize your investment portfolio.
Self-directed IRAs are completely disrupting the traditional wealth management industry by taking power away from Wall Street. As more people become educated on investment alternatives, we expect to continue seeing self-directed IRAs pick up steam.
Benefits of Alternative Investments
In addition to mitigating risk, self-directed IRAs come with many tax advantages and allow your returns to compound tax-free. If all your IRA eggs are in one Wall Street basket, here are a few investment options you’re missing out on:
- Gold: Gold, and other precious metals, is one of the best investments you can make when diversifying your IRA – when the markets go under, gold prices spike. It helps to hedge against inflation and is reliable when global crisis and natural disasters strike.
- Real estate: If you want a piece of the pie when it comes to real estate, but don’t have the cash in your bank account, you can use your IRA for everything from rental properties to REITs.
- Cryptocurrency: Bitcoin and other crypto currencies are making headlines across the world. They are the new, “hot” investment option. If you want to dive in and invest in the future of currency, now you can with your IRA.
With so many options available when you choose a self-directed IRA, you’re bound to have questions. Noble Gold can help you understand everything you need to know when it comes to the oldest investment option on the books (gold) to the newest (bitcoin).