I recommend investing in smaller ventures located closer to home, such as local businesses. I have enjoyed being an investor in my community and an entrepreneur. I developed several businesses in Colorado Springs, with the help of other investors. These businesses provide an estimated 230 jobs to the area and I take immense pride in the quality of their offerings.
How to Invest in Secure Local Ventures
For many people, these kinds of investments are made possible by self-directed IRAs. Regular IRAs typically grant investment opportunities through mutual funds and stocks chosen by a custodian, but self-directed IRAs come with far fewer restrictions. They allow for investment in anything other than what is considered tangible movable property: coins, stamps, gemstones, alcoholic drinks, collectibles, and life insurance.
You might not be able to open a self-directed IRA for antique furniture, but you could easily open one to invest in real estate or a business in your community. That is what my partners and I do. We pool our money and build projects that earn revenue. I feel this offers me benefits over conventional investment techniques.
