...account? I'm talking about the kind of self-directed IRA that lets you buy real estate, make loans, etc., not one at a stockbroker, discount or otherwise, or at a mutual fund company. Pensco and Sunwest Trust are the only two custodians I know of that will handle this type of account. Anyone had experience with either of these, or one of their competitors? Any info and suggestions would be welcome.
Thanks,
Houyhnhnm
2007-11-01 10:41:15 · 5 answers · asked by Houyhnhnm 6 in Business & Finance ➔ Investing
If you are planning on making all the investment decisions yourself, the only considerations would be which firms will allow what you want to do and what are their fees. Since you would not be get getting any advice from them, who you choose would not particularily matter in that regard.
2007-11-01 12:08:47 · answer #1 · answered by oakhill 6 · 0⤊ 1⤋
All I can suggest is to type in real estate IRA in a search engine and see what you get. When I looked into it about 2 years ago for tax lien certificates I recall I found more than 2 custodians but I thought the annual custodial fees from all of them were ridiculously high.
2007-11-01 15:31:59 · answer #2 · answered by scow_sailor1692 3 · 1⤊ 0⤋
I have had a PENSCO account for over three years. I have been very please with their services. They have a lot of info on real estate investin, althoug I have not invested in properties. I have invested in privately offered stocks, I have an online brokerage account where I select the stocks. The only glitch I've run into is that I now would like to invest in gold, and PENSCO doesn't have facilities to store gold for account holders. So if you are considering gold as part of your portfolio, you may want to look at someone like Gold Star Trust.
Hope this helps.
2007-11-03 07:18:22 · answer #3 · answered by GA 1 · 1⤊ 0⤋
Sunwest Trust
2016-10-01 03:52:10 · answer #4 · answered by ? 4 · 0⤊ 0⤋
If you' trusted' them, (I regard the word 'trust' as a very serious state), then you obviously regarded them very highly. When they destroyed that trust, there treachery really mattered and it hurt. It hurt so much that you really never believed that it could happen, and it's very difficult to ever forget it. You can however in time forgive the friend for being so bloody stupid, but you will never forget the incident. If after this, that friend ever again make the same idiotic mistake, then not only would the friendship be terminated, but you would doubt your own judgment for ever forgiving the sod. The natural action would be to beat his head in, but this action is frowned upon in a lawful society, and you would never get the stain out of the carpet. This makes one very cautious.
2016-03-13 11:59:04 · answer #5 · answered by Irene 4 · 0⤊ 0⤋
I have an account with Millennium Trust. They have flat fees vs. asset based fees like Pensco. If you don't have much to invest, you may want to choose Pensco. If you anticipate that your assets will grow, I'd go with Millennium Trust. I have investments in a hedge fund and real estate and they've done a good job. I think Pensco is good for real estate too.... Good luck!
2007-11-05 00:11:09 · answer #6 · answered by Noonie 2 · 1⤊ 0⤋