CHARLOTTE, NC / ACCESSWIRE / July 7, 2020 / The coronavirus has dominated the headlines this winter, and there is no reason to expect it will not continue throughout the spring. That’s why American IRA, a Self-Directed IRA administration firm based in North Carolina, recently took to its blog to address how investors with a Self-Directed IRA might think about the coronavirus and the potential impact it can have on the economy.
The post does not try to project what the virus-known as COVID-19-is going to do, saying that predictions and prognostications of that nature are best left to the health experts. However, the post does talk about how Self-Directed IRA investors can establish their strategy to withstand even wild swings caused by uncertainty from news stories like COVID-19.
The post points out three key strategies that Self-Directed IRA investors often turn to: diversification, risk management, and hedging. These strategies also sometimes overlap. As the post explains, diversification and risk management often go hand-in-hand, with diversification spreading out the risk. But as the post notes, diversifying out of the stock market and into real estate assets also has the effect of hedging, because the cost of housing tends to go up with inflation.
Overall, the post recommends taking things from a long-term perspective while still understanding the inherent risks posed by COVID-19. Although American IRA is a Self-Directed IRA administration firm and does not give specific investment advice, it can help inform investors about how a Self-Directed IRA can fit into a retirement portfolio. And a strong retirement portfolio should be able to withstand short-term threats like COVID-19, especially related to the threats it poses to the stock market.
“Investors know that a financial crisis can always happen, which is why it’s important to be prepared for a number of scenarios,” said Jim Hitt, CEO of American IRA. “Those investors who diversify with a Self-Directed IRA are uniquely positioned to feel good about their financial security.”
“American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals and much more.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties or agreements made by any such person or entity and do not provide any recommendation on the quality profitability or reputability of any investment, individual or company. The term “they” refers to American IRA, located in Asheville and Charlotte, NC and Atlanta, GA.”
SOURCE: American IRA, LLC
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