August 9, 2008
If the investment options for your IRA are limited, you should consider setting up a self-directed IRA. This is legal. It's relatively easy.
To learn more about this option, go here:
Rob Clayton is a CPA.
He does not offer investment advice. He will help you take control over your IRA.
Warning: with respect to the long-term return on American stocks, you have heard that they increase by 7% per annum. No, scratch that: 10% per annum. "Buy and hold. It's a no-brainer."
It surely is. As an alternative, I recommend brains.
The Standard & Poor's 500 index peaked in March 2000 at 1,527. Today, it is around 1,300. Meanwhile, consumer prices have risen by 21%. Buy and hold stocks? Only if you've got no brains.
In February 2000 and again in March, I warned my subscribers that the stock market was close to a peak and to get out. I hope they did.
In this century, the U.S. stock market has been a losing proposition. Anyone who says otherwise is blowing smoke in your ear, to match the sweet nothings he is whispering in your other ear. He is probably working on commission.
For retirement portfolio alternatives, click here:
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