A lot of us previously understand about regular gold IRAs accounts and roll-over IRA accounts at the time we drop or depart a work. But few find out about self-directed IRA accounts. These are typically accounts in which you immediate a good IRA business to invest in alternate investments for instance gold, actual estate and futures. This post will focus on futures – these are simple to enter and simple to grasp and set-up from a layman’s viewpoint.
Futures might be commodities for example oil, corn, soybeans along with the like. It can be silver or gold. It could even be cattle. But I would want to inform you about index futures that mimick the massive Income Dow you see on Tv set or the Huge S&P 500 index you hear about as a benchmark for returns in the stock market or mutual funds. This is what I trade normally and can also be traded in a self-directed IRA account. You need to contact a self-directed IRA firm, established up an account and also open a futures brokerage account with a brokerage firm such as MIRUS Futures. After the funds are sent more than to the brokerage firm from the self-directed IRA company, they can open an account for you and can begin trading futures within about a month.
This is a great alternate to stocks – with futures you are trading the market, with stocks; you are trading a stock against the market in hopes of making a gain! How often have you bought a stock and it went down on bad news as the overall market went up? All too often right. Well the substitute is getting into futures and trading the true market – go long or short on in as little as an hours notice. Can you do this with stocks? Of course not! You also have 24 hour access to a trading desk with futures. With stocks, you have little access after the market closes. See the large differences?
To trade futures in a self-directed IRA account, you need as little as $7500.00 to trade one contract and make $1500.00 to $2000.00 a month profit when using a trading service
that sells trading signals to professional traders and novice traders alike. Some services even offer auto traded accounts for as little as $10,000.00 to get in and have it traded automatically for you.
And you can transfer funds from your traditional roll-over IRA account! Financial advisors suggest that you have 5% to 10% of your overall portfolio in alternate investments which include gold, real estate or futures. True estate currently in 2011 is severely depressed. Do you really want to be a landlord with tenant headaches and its expensive to get into true estate these days to generate a dollars flow – generate a monthly hard cash flow with futures today and leave the headaches behind!