Tips on Setting Up a Self Directed IRA

That free and easy setup self directed IRA might not be a good choice. I looked at the company’s offering that deal. The additional fees that they charge are numerous and the services they offer are limited. Remember to always shop around before you make a final decision.

A self-directed account is a good idea, because, generally speaking, you have more options, but the company’s that are offering free set up are brokerages. Maybe you only want to invest in stocks, bonds and money market funds, but they are charging high fees for each transaction.

A better choice is a company that charges a reasonable set-up fee and an annual fee, but no transaction fees. Of course, you’ll always have to pay a fee for trading stocks or foreign currencies online, but as long as you stick with standard stock market investments, some companies do not charge an extra fee.

Instead of a free and easy setup self directed IRA, you may want to consider a little more diversification. There are a number of allowed investment types that are not related to the stock or money markets.

Some of them can yield very high returns. Others are yield less, but you have to go with the investment types that you understand.

For example, one investor that I know of is a music teacher. His students and others were interested in renting musical instruments. He used funds from his self-directed account to buy a number of instruments and began renting them out.

In less than a year, the rental income paid for the initial investment. So, after two years, he doubled his initial investment and the account will continue to grow in this way for as long as the instruments hold up. With proper maintenance, they could last for a hundred years or more.

With one of the free and easy setup self directed IRA accounts, he could have never made that type of investment, because it’s not allowed by the custodian. Even though, it is allowed under the tax law. But, there is one investment type that anyone can make and the profits can be very high.

Holding real estate in a retirement account is allowed and some advisers encourage it. Real estate is typically not affected by the volatility of the stock market.

You can find an easy setup self directed IRA custodian [http://smart-ira-investing.com/] that allows real estate transactions, but set up is not “free”. It costs about $50. But, custodians that charge for setting up the account may not charge transaction fees or percentages on un-invested cash balances. That’s good, because you need cash balances to invest in real estate.

All of the costs, including the purchase price, must come from the account. All rental income or other profits must be returned to it. There are certain prohibited transactions and rules you need to learn before you get started, but the real estate market can help you secure your future faster than you ever dreamed possible.

Choose the right easy setup self directed IRA and look for some good advisers. Help is available, if you know where to look.

Major Player in the Field of Sports Marketing

With the Winter Olympics and Super Bowl just around the corner and with the World Cup taking center stage this summer, sponsors are taking a new and different approach to advertising their brands. They are scrambling to invest more in social media campaigns and less on expensive TV and print advertisements. Aside from the obvious cost savings, the big question is why social media? The answer is two-fold. Social media is personal and it builds relationships. Advertisers are fast recognizing that to build brand loyalty they need to connect with their consumers in new ways through online direct response marketing. What better way than through sports marketing where fans identify with athletes and their national teams.

Social media is playing a critical part in presenting brands and athletes in a manner that interacts with fans on a worldwide basis. It creates anticipation and excitement for fans that can communicate directly with their favorite athlete and connect with them on a more personal level. Social media is enabling brands to create lasting relationships with people around the globe that isn’t possible with television and print media.

The Crossover to the New Media

NBC, who has exclusive broadcast rights to air the Vancouver Olympics, is making a big play with online marketing as a major part of their promotions to achieve web success. It has partnered with the social media firm The Swarm Collective to produce Olympic Pulse, a place where visitors can look up tweets from athletes, Olympic blogs and top trending stories. The Super Bowl promotions have also been very active in social media on Twitter, Facebook and blogging. Athletes and teams are scrambling to hype the event and gain more followers.

In order to prep for the World Cup in the coming months, the corporate partners of FIFA, football’s world governing body, are moving away from the use of traditional TV and billboard campaigns. Instead they are trying out social networking sites to promote their brands, to sell their pitch and build their business online. Calum MacDougall, director of global marketing partnerships at Sony Ericsson, says 2010 will be the first “social networking World Cup.”

Changing the Way the Game Is Played

What makes social media so attractive to powerhouse companies is the realization that more and more people are resorting to popular social destinations like YouTube, Facebook and Twitter to get their daily dose of their favorite brands and athletes. In addition to this, these sites come with major audiences and give brands a huge boost and a way to reach millions of consumers. As an added bonus, these sites give brands the viral, online hype that they’ve been searching for in their audiences and their markets. In addition to this, it’s cheaper than spending millions on TV, billboard and print campaigns, and they can get real-time results in relation to how many people are engaging in these sites and taking advantage of their promotional offers.

The consumer has changed and companies have finally recognized that they need to be where the consumers are most responsive. Is social media the advertising vehicle of the future, replacing more traditional media? Probably not, but it may run an effective second.

Entrepreneurs: Family Laundry is HUGE Market

Technology entrepreneurs are always looking for a huge “need” in the marketplace and then coming up with a new product that “fills that need”. Maybe laundry isn’t exciting, but if you are an entrepreneur looking for that huge market, consider this: every second of the day approximately 1000 loads of laundry are started in the world. An enterprising marketer, with a plan and a respectable networking machine only needs to capture a small fraction of less than 1% of this market to create a powerful business for themselves. If they have a large, established network, then huge fortunes can easily be made. Environmentalists love this too, because this system can potentially reduce anywhere from 25,000-30,000 gallons of phosphate laden rinse water back into our environment every second of the day. An amazing new technology has just hit the market that is revolutionizing the way families have historically washed their clothes. What a paradigm shift!!

This is a WIN-WIN situation- cleaner clothes and cleaner environment. Clothes aren’t just cleaned; they are sanitized and deodorized with this system. Because cold water is used, colors and whites can be mixed. Colors are more vibrant. Fabrics are softer and fluffier. Because detergents are eliminated there are no chemical skin sensitivities. Use the existing washer in most cases. Your time doing family laundry is reduced.

This is not a toy, or a gimmick. It is a rugged system that simply attaches to the washing machine. It has undergone 2 years of field testing. This is not a start-up company; they have a history of bringing high quality innovative technology to the market that works, and is affordable. There is a proven marketing plan in place and training and support is already available. The company controls manufacturing in their own U.S. facilities.

BCB Associates is a group of individuals, professionals and companies working together to disseminate information and supply products and services that address air, water, nutritional and environmental issues in today’s home and workplace. We are interested in establishing and maintaining communication with individuals, qualified local professionals and companies involved in indoor environmental issues and appreciate your comments and input.