Are You Worried About Retirement? (business coaching services)
No commentsBy Barton Simmons
Traditionally people have considered their retirement 401Ks and IRAs to be like safety nets rather than wealth builders. However, with the self directed IRA, you need not be satisfied with growth rates in the single digits. It is possible to realize phenomenal growth potential outside of the traditional IRA markets, tripling and quadrupling your IRA’s value is not uncommon, within relatively short period of time. It will not just happen, however. You have to take the reins of your retirement portfolio, put in the time and effort, and do your research. The possibilities are endless to those who are prepared to make the investment paradigm shift.
Most savvy investors, due to the ups and downs of the stock market, are frankly not as confident as they once were in the old financial planner adage that the stock market is going to go up forever. If your memory is a little foggy, then reflect back just a few short years.
Concerned that you will not retire in comfort? Put your IRA money to work and truly diversify your IRA portfolio with alternative investment vehicles. Your banker and broker will not allow you to invest in alternative investments because they want complete visibility and control over your IRA. In the meantime, they are earning fantastic returns on your money. Isn’t it time you take the driver’s seat.
Fundamentally, what do you need?
Sufficient funds in your self-directed IRA.
Intimate knowledge of a permissible alternative investing strategy for the IRA (such as real estate investing, purchasing discounted paper, private money lending, or gold investing)
A Self-Directed IRA Advisor that can share valuable information and advice.
A low fixed annual fee to pay your custodian, while you maintain full checkbook control at all times. You - not they - issue the checks for managing your investment.
Provided you satisfy IRA regulations on the type of investments allowed for your self-directed IRA funds (real estate is only one of several possibilities), you can take charge of your financial future by turning that IRA into a high-earning instrument.
The IRS’s position is clear, as defined in their publication # 590: your IRA should be a separate and distinct entity from yourself. Whatever investments you make should benefit your IRA, and not you directly. Your self directed ira advisor will be able to explain the subtleties and refinements of this IRS publication.
It’s your money. If we told you that there are about $7 trillion dollars sitting in IRAs but of that amount, only 3% are self-directed, wouldn’t you be curious about how you can be part of that 3% that unknown to most, are enjoying unheard of returns?
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Get A Business Coach To Assist You With Building Your Fortune
The Importance of a Business Plan
By Ollie Donovan
You’re excited. You have a great idea for a profitable online business. Maybe it is an original idea that has not been marketed online before. Maybe you have come up with a new spin on the ordinary. Whatever it is that has influenced you to start your online business, be sure that you have a plan before you begin. This is not the time to “pick it up as you go”. These are some basic things that should be included in your business plan.
The business summary should give a brief description of the entire business and is an integral part of the overall business plan. After you have completed the
business summary you should begin to list the objectives or the goals that you want to accomplish through the business. Next and perhaps most importantly, you should develop your marketing plan. The marketing plan will address all the specifics of the business. When developing the marketing strategy you should consider the following:
The target market. The target market is the customers that you expect to see visiting your site. For example will your product be more appealing to college
students or those who are in retirement?
Consider the competition for your product when determining the marketing strategy. Choose a product that will be seen as unique and useful. Visit sites
that are offering the same or similar products. Find out the cost, and how they are marketing their product. Finds out the pros and cons of their business and try to improve your product based on their flaws.
Research the various methods for advertising online. You should become educated about search engines and how they work since each one is different. Also be sure that you know how to submit your site to engines. You should be prepared to spend a small amount of money on advertising, but the profits that
you will gain from the advertisements will prove to be money well spent.
Think about pricing. Again, look at the competition and see what similar products are selling for. Pricing can play a big role in the success of your product since selling a product well below the average price may lead customer to think that there is a problem with the product or that it is not of the best
quality. However, pricing items too high could also detour customers.
Determine the shipping method. Be sure that you know how products will be shipped so that you can have shipping details clearly posted on your site. If you
are shipping things of great value, you should consider providing shipping insurance. Also think about shipping outside the country that you live in.
Think about the different methods of payment that you will accept. If your business does not accept credit cards, you should be ready to give up half if not more of your sales. If you decide to accept credit cards will you use a merchant account or will you use a third party credit card processing center? Both will
help you get started and the third party processing center will handle all of the business so you don”t have to. You should decide which you will use and also
if you will accept checks or money orders. It is essential to have a secure server when taking credit cards.
These few things will help your online business to become a great success and also provide you with peace of mind knowing that you have thoroughly thought about and planned for the opening of your online business.
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Monday, November 30th, 2009 at 1:15 pm and is filed under business. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
