(1888PressRelease)
November 27, 2008 - Denver, CO -- The stock market implosion of 2008 has millions of Americans reeling. Yet investors with some with knowledge of self directing their 401k & IRA investments into ventures outside the stock market are singing a different tune.
One such investor is Janice Stoddard, who along with her husband, Jack, owns a real estate business in Arkansas. In 2004, Janice learned about "self-directed investing" through a seminar. She got so excited about the prospect of self directed investing that she and her husband set up a self directed IRA to invest in real estate.
After a couple of years of smaller profitable self directed IRA real estate transactions, the Stoddards in 2006 discovered an opportunity to buy and then immediately re-sell 60-acres of undeveloped land at a profit. Due to the complexities of the transaction, they contacted Denver-based self directed IRA expert, Jeff Nabers for assistance.
"Jeff helped us establish a self directed Solo 401k that could be used to handle the 60-acre transaction. The Solo 401k was a key component of our funding because we were able to contribute 10 times more to it than we could to a self directed IRA," adds Janice.
With the profits generated from the 60-acre transaction in hand, the Stoddards found another gem, a 57-acre property. This property, however, exceeded the cash value within in the Stoddard's Solo 401k plan so they contacted some friends in Dallas and asked if they'd be interested in a jointly owned investment.
Nabers Group helped the Stoddard's form a Limited Liability Company for purposes of purchasing the 57-acre property through the couples' retirement accounts - the Stoddard's self directed Solo 401k plan and their friend's IRA owned the LLC.
As a result of sub-dividing the land, the appreciation and the negotiation of sole ownership of the mineral rights on the property, the LLC's asset value has swelled from $350,000 to more than $950,000 in just under two years. The Stoddards have "more than quadrupled their initial investment..." They add "and they aren't stopping there." Other property and mineral rights deals are already on the table for purchase with their Solo 401k funds.
Stoddard says, "I never hesitate to tell people to take charge of their own retirement money." She continues, "...if we had not established our self directed investment accounts, we would not have the cash available for investing that we now have. That's what allows us the ability to act fast with real estate and mineral rights opportunities. It's a lot different than helplessly watching the market, and it has absolutely changed our future."
About The Company:
Jeff Nabers is an expert on self directed investing, Solo 401ks, the future of social security, alternative IRA investment options, and other topics that are of interest to individuals at all income levels. His firm, Nabers Group, is located in Denver, Colorado. Mr. Nabers and his team can be reached at 866-253-7746 to arrange for an interview or to request photos or other background materials.
*Janice and Jack Stoddard are real people. Their names have been changed to protect their identity. Reporters interested in this story who would like to speak to the "real" Janice and Jack, can the Nabers Group directly.
Contact Information:
Jeff Nabers
The Nabers Group
600 17th Street
Suite 2800 South
Denver, Co 80202
press ( @ ) 401kdirectadvisor dot com
http://www.401kDirectAdvisor.com/
Phone: 866-253-7746
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