Many frustrated people who have watched helplessly as their managed IRAs melted away in the stock market downturn don't realize they can take control of their money through a self-directed IRA. They can choose where to invest their money, including alternative investments such as real estate equity or mortgages. Their current custodian may offer a Self-Directed IRA, but if not there are many companies offering the program who can handle the transfer, without penalty. It's a great way to call the shots when they believe their hard-earned money is being mismanaged.
The real estate market in the United States has been one of the hardest hit sectors since the economic downturn began and the value of properties have decreased to the tune of 70% in some regions. This translates into great news for Canadian investors who, according to the U.S based National Association of Realtors, were the number one foreign purchasers of property in 2009, weighing in at 11% of all international purchases.
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