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2
Mar

Buffett Investment News/Fact
Did you know that if you invested $10,000 with Warren Buffett in 1965 your investment would be worth roughly around $80 million today.

19
Feb

Mortgage Loan Mods Gaining Traction?

Making Home Affordable Program (HAMP) is "gaining traction" based on figures released by the Treasury Department and HUD. As of the end of January, over 116,000 permanent loan modifications had been signed, nearly double the 66,000 reported at the end of December, and an additional 76,000 had been extended permanent modification offers but had not yet returned the paperwork. 830,000 borrowers are still in some stage of the required three month trial period required by the program guidelines. Mortgage News Daily pointed out, however, that over 57% of loan modifications have been borrowers who are out of work or are underemployed. If those borrowers are unable to get work, those loans might end up defaulting anyway.

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Education Center

Self-Directed IRA's Replacing Bank Loans?

Posted by: Administrator in Pensco Trust Company, myblog, Education Center, Brooklyn Troy on Mar 03, 2009

Yes, it is true Self-Directed IRA's are replacing many Bank Lenders through the investments of IRA investors. These investors are the lenders for developers, rehabbers/investors, and start-up businesses. With the markets is complete disarray investors are looking for alternative investments to salvage their retirement accounts. ''The frustrating thing is that after all the money my advisor has made off of me over the years, he has neglected to inform me of this investment vehicle.'' say Helen Hellmouth, an investor who has seen here retirement account plummet over 70% since September of 2008. ''It seems as though self-directed IRA options are far less lucrative for brokers, which in turn leads to the lack of advise for their clients.''

Investors don't just aren't informed/educated on their options. The investment opportunities right now are unprecedented. There are homes that can be purchased far below the cost to build. In Stockton, CA we just rolled a clients 401k into a rental property that sold at $54 a square foot. The cost to build the home was $87 a square foot back in 2006. Many other options exist and really the only thing holding investors back is the lack of knowledge about these investments. For more information investors can visit our Education Center or at the nation's largest Self-Directed custodian, Pensco Trust Company.

Regardless of which company you use or where you invest, there are opportunities out there right now that will never be seen again in our lifetime.

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Self-Directed IRA's Replacing Bank Loans?

401k rollover