Your IRA Can Improve the U.S. Economy
By J.P. Dahdah, Vantage CEO
Interest rates are still at historical lows. The U.S. government is printing a lot of money and purchasing bonds at an alarming rate in an effort to stimulate the economy. We all can debate whether or not these strategies will work or if they are just putting us in greater risk of worse things to come.
John F. Kennedy once said, “Ask not what your country can do for you, but what you can do for your country.” My spin on this is “what can my IRA do for my country?” Yes, I know it is not your personal financial responsibility to improve the U.S. economy, but the truth is that your investment activity does have a direct impact on the overall state of the economy. The economy and companies grow when we consume goods, not when we save money.
It’s an interesting catch 22 for the government that can at times lead them to send mixed messages. On one end they want us to save money, be fiscally responsible and make more informed financial decisions, but on the other, they need us to spend freely and fuel the economic engine. Well, my suggestion is to fuel the economic engine by investing in real estate and real estate based private companies that are poised for growth, rather than by spending your way out of the problem. As companies obtain the needed capital to invest in better technology, equipment and people, it improves the local economy, decreases unemployment rates and leads to a sequence of positive factors that strengthen economic statistics on a comprehensive basis.
As an AZREIA member, you have the ability to meet fellow members and companies that are seeking capital to grow their business. Providing private lending notes to a fix and flipper, for example, could enable that company to increase their volume of properties, hire more contractors, purchase more materials at Home Depot, etc.
There is a positive trickle effect to your IRA investing! It could be time to inquire about their capital needs and explore whether an investment from your Vantage Self-Directed IRA could provide a win-win situation for both parties.
For more information about Real Estate IRAs, please visit www.VantageIRAs.com/AZREIA