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Most people believe that a self-directed IRA is one within which you can pick your stocks and mutual funds within the “custodian” ecosystem. The funds that Fidelity offers for instance. WRONG
If you know about it, it is perfectly legal to take control of your IRA money and invest in what YOU want…not just options that your custodian offers. (Which almost exclusively publicly-traded stocks, bonds, and mutual funds)
Did you know that it is perfectly legal to create a specially-designed IRA that is truly managed by YOU. Within an SDIRA it’s possible to invest in private funds, real estate, cyptocurrency, and even gold and silver. I’ve had my SDIRA for 15 years and I’m invested in all of those things.