Has your IRA taken a beating?
Did you know that while 56% of Americans own stocks in some form, only about 15% of Americans own individual stocks directly these days? The rest mostly own stock as part of pooled investment funds like mutual funds or ETFs in IRAs, 401(k)s and other accounts. It’s a far cry from 1999 and the dotcom bubble when it seemed like just about everyone was playing the stock market – with individual stocks! Cab drivers and bartenders were full of the latest stock tips, waiting for the latest and hottest IPO…
That bust and the housing crash of 2008 made Americans quite a bit more risk averse. It’s not just that we don’t want to put all our eggs in one basket. We want our eggs broken up, scrambled, and divided up amongst ALL the baskets.
Diversification is the name of the game these days.
The problem is, while most Americans have been diversifying across sectors and investment instruments, they forgot one very important piece of the puzzle: Diversification out of the dollar.
A Precious Metals IRA is a Self Directed IRA backed by the fortifying power of physical precious metals. Choose from eligible GOLD, SILVER and PLATINUM coins or bars. In addition, for qualifying accounts we also offer:
- Up to $15,000 in Bonus Precious Metals*
- FREE IRA Set Up
- FREE 1st Year Storage
- Price Match Guarantee
- 24 Hour Guarantee
If you have retirement accounts that hold index funds, ETFs, mutual funds, etc. you might think you are well-diversified. But those assets are still denominated in dollars. If the dollar falls, so do they. So does just about everything else.
And even broad-based investment instruments have been volatile and mostly sinking lately. It’s not just individual stocks here and there that are down – it’s the whole market.
How to Diversify out of the Dollar?
If you want to truly diversify and balance your risk, you need something solid, something that tends to move opposite the dollar. Something that retains the purchasing power of your savings. For centuries, gold has held value as fiat currencies come and go. Who knows? Maybe one day the US dollar will go the way of the Chilean Escudo…
For your retirement accounts, why not consider moving some assets from weaker performing stocks and funds into a precious metals backed IRA? Did you know that’s possible? Easy, even? You can either start a brand new IRA or rollover an existing IRA and convert a dollar amount into gold and silver. Lear Capital can help you with every step of the process and make it easy. It involves a few simple forms to fill out and about 10 minutes of your time. You choose from eligible bullion coins and bars. You designate a custodian where your metals will be held in your name. And then you sleep a little more soundly, knowing you’re just a little less vulnerable to the dollar’s fluctuations.
Many experts recommend holding 5-15% of your portfolio in precious metals. Considering that, do you have a properly diversified and balanced portfolio? Have you covered ALL your risks?
Call us today to discuss. We have some of the most knowledgeable and informed account executives in the industry waiting to take your call.
*Based on qualifying purchase amounts. Your account representative can explain in more detail.