Longboat Retirement Solutions LLC

Trump’s Stock Market Bubble December 10, 2017

The US stock market is continuing it’s rise beyond any rational level.  The Trump administration can probably claim some credit, but should it?  Is this a big old bubble, ready to pop any day?  Probably.  Will Trump take the credit for the crash?  Probably not.  Wether you are on the Red Team or Blue Team, you need to recognize a bubble when you see it – no matter which team is currently taking credit or blaming the other colored team.  It’s all the same.

The best way to cover your ass is to put someone in charge of your investments that has your best interest in mind – YOU.

Your stockbroker or investment manager or financial planner has their best interests in mind, not yours.  Make no mistake.

A Solo 401k enables you to invest in what you want, when you want it.  There are no fees, no waiting for permission, and no middle man.  Buy when you want, and sell when you want.

Stop paying for someone else to make decisions for you.

 

What Does a Trump Presidency Mean to Your Retirement Savings? February 22, 2017

How will the Donald Trump Presidency affect your retirement?

If you believe the big media outlets, he is going to steal your wallet and your retirement account.

I doubt that this is the case. But, how would I know?

While we are certainly overdue for a market correction in the U.S., the timing of a correction is of course the million dollar question.

I’ve said this before, but I’ll say it again; I am not in the business of predicting the stock market. I am in the business of helping people diversify their retirement savings through the set up of self directed retirement accounts.

In other words, it should not matter what the U.S. stock market does. My clients have the flexibility to move in and out of the market when ever they choose. Or, if they choose to have zero dollars in the stock market, they can do that too. If they choose to pull out of the market and hold cash, they can. If they choose to hold metals, or real estate, they can.

The point I am trying to make is that true diversification requires more than owning several stocks from different industries in the U.S. stock market. True diversification necessitates ownership of a variety of investment classes, as well as investment location diversification. When you have your retirement savings invested in stocks, bonds, real estate, foreign markets, and metals, you can call yourself diversified.

The best way to diversify your retirement savings is through a Solo 401k – accept no substitute.

Give Longboat a call or send us an email. We are not slick salesman; we are real people.

406-551-4775

 

Your 401k Stinks April 5, 2016

 

Educate Yourself About Self Directed Accounts March 22, 2016

Education is the answer

All too often I am approached by people who have never heard of a self directed IRA or a Solo 401k. These people are usually skeptical that they can use these plans or they may even question their existence.

While these retirement plan options have existed for many years, most people have never heard of them.

The reason is simple:

Large institutional investment banks will lose money when you manage your own retirement account.

When you set up a self directed retirement account, you take over the helm and make the investment choices that are in your best interest. You are no longer limited to a menu of investments offered by a particular investment bank.

With a Solo 401k, your choices are particularly powerful. Not only does it open up your options, but it also eliminates the middle man completely. There is no custodian needed with a Solo 401k; no permission to ask. You invest in anything allowed by the IRS, which includes pretty much anything other than insurance or collectibles.

Longboat Retirement Solutions can help you set up a Solo 401k quickly and painlessly.

Transferring your money out of a big bank IRA or 401k into a self directed account is not a taxable transaction, and there are no penalties.

Stop being robbed by the big banks; give us a call

Little Red Viking copy406-551-4775

 

Why You Lost Money Today February 12, 2016

When the market as a whole goes down, people who own mutual funds that are “diversified” lose money (in general).  This includes most people who have an IRA or 401k through their employer, due to the fact that most institutional IRA’s or 401k’s are invested in mutual funds.

A true self directed retirement account lets you invest in individual stocks, precious metals, real estate, foreign markets, and more.

Large institutional banks advertise that they offer self directed accounts.  This is a sham.  These supposed self directed accounts only allow you to buy products that the bank that set it up for you sells – so that they can make money off of selling that product.  To me this represents a break in fiduciary responsibilities.

A Chevy dealer does not want to sell you a new Ford, even if the new Ford has better fuel mileage, better reliability, and costs less.  The Chevy dealer will sell you a Chevy, because that’s how he makes money – he makes a commission off of every Chevy he sells.  In fact the Chevy salesman is not allowed to sell a new Ford.

Similarly, a Fidelity guy will only sell products that he makes a commission off of – Fidelity products.  There may be an investment that he knows is a better fit for you, but if he makes no commission off of that sale, he won’t sell it.  In fact the Fidelity salesman (lets call him what he is) is not allowed to sell you a competitor’s product.

You are the only person in the world who has your best interest in mind when making decisions.  You may not always be right, but at least you are not trying to skim a small percentage of your savings, under the guise of “managing” it.

 

Why Asset Allocation Doesn’t Matter In The Long Run June 27, 2015