Quote:
Originally Posted by Rain Man
I remain intrigued by the concept of investing my IRA in alternates to financial markets, like buying investment real estate. Anyone here doing that, and how's it working for you?
(Note that I'm not talking about real estate instead of an IRA. I'm talking about real estate within an IRA.)
|
I think real estate is a shaky investment this time, at least in most markets. Not only could the real estate market collapse again, dealing with renters is nothing short of a nightmare. I've had several friends buy properties to rent, only to get out as soon as possible due the massive headaches that renters bring.
There is no safe haven for your money at this time. CD's and MMA's are your best bet until the worldwide economy has settled down. With all the unrest in Europe and the US, it's impossible to see the future. My advice would be hang onto your money as tightly as you can for the time being.