By J.P. Dahdah, Founder & CEO of Vantage
It’s not what you know, but who you know
Sure, having access to influential investors can help uncover potentially profitable opportunities not readily available to the average Joe. However, in my experience, you don’t need to look very far to find beneficial relationships that can improve your ability to supercharge your Self-Directed IRA savings.
Instead of asking yourself, “Who do I know that can help me gain access to lucrative opportunities?” ask yourself, “Who do I know that needs money?”
Given the negative financial impact that COVID-19 has had on many Americans, I am confident that people’s list of the second question will be much larger. Why is this a better question? It’s simple. A Vantage Self-Directed IRA can be utilized to lend money to others in need of capital on your terms. Savvy investors redirect additional funds from their publicly traded stock market holdings, producing lower than desired yields, to more stable alternative fixed income investments (i.e., Secured Notes, Trust Deeds, Convertible Notes, and more)
Many Americans seek to borrow money to cover their living expenses.
That translates into a larger number of potential borrowers having a willingness to pay higher interest rates for that capital. Which, of course, means higher returns for your IRA. In fact, many borrowers will perceive a private loan from you at an interest rate of 12% to be a better deal compared to charging more money on their credit cards. These credit cards can have interest rates as high as 28%.
Self-directed investors make it their business to find what I like to call “financial friends.” People they trust, who are not related parties to their IRA, and who have a financial need. Your Vantage Self-Directed IRA can be that solution!!!
Happy alternative investing!
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