WEIRD Investments you can make with a Self-Directed IRA
May 9, 2024
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Explore unique investment opportunities with a self-directed IRA, from owning cattle to investing in Mexican soccer teams and racehorses. Discover alternative options like cryptocurrency, NFTs, precious metals, and equipment finance leases. Learn about upcoming alt asset summits and the importance of compliance with IRS rules for unconventional investments.
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Quick takeaways
Self-Directed IRAs offer diverse investment opportunities beyond traditional assets like racehorses and Mexican soccer teams.
Investors should focus on aligning unique investment choices with personal interests and expertise to optimize returns.
Deep dives
Exploring Unique Investments for Retirement Accounts
Thinking beyond traditional stocks, bonds, and mutual funds, this podcast delves into unique investment opportunities for IRAs and 401(k)s. Encouraging listeners to consider self-directing their accounts, the discussion highlights unconventional investments like rental properties and extends to more creative ventures such as investing in cows for a livestock LLC inspired by the 'Yellowstone' series.
Navigating Investment Challenges and Opportunities
Addressing the challenges investors face when seeking unique investment options, the podcast emphasizes the importance of finding opportunities that align with individual interests and expertise. Insights shared include starting with small investments to educate family members and exploring diverse options like equipment finance lending, angel investing, and real estate ventures.
Diversifying with Cryptocurrency and Blockchain Technology
Delving into the world of cryptocurrency and blockchain technology, the podcast showcases the potential for investing in digital assets like Bitcoin and Ethereum within retirement accounts. It also touches on innovative opportunities such as mining crypto in an LLC and investing in non-collectible NFTs for gaming enthusiasts.
Dissecting Precious Metals and Forex Trading
The discussion extends to investing in precious metals like gold, silver, platinum, and palladium within retirement accounts, emphasizing the importance of meeting fineness requirements and storing assets with approved custodians. Additionally, the podcast explores forex trading as a viable option for diversifying investment portfolios and engaging in foreign currency exchanges.
At Directed IRA, we've witnessed individuals harnessing Self-Directed IRAs for unique investments. The possibilities are endless, from buying cattle to acquiring Mexican soccer teams and even investing in racehorses.