Results 1 to 5 of 5
  1. #1
    Member
    Join Date
    Aug 2017
    Location
    Kalamazoo, MI
    Posts
    368

    Self Directed Trusts

    Can anyone explain a Self Directed Trust vs a regular Roth or standard IRA account. My understanding is I own the trust and can put almost anything in the trust including crypto, individual real estate, peer to peer loans, standard mutual funds or ETF's, etc. Being pitched that I own it, vs a Vanguard owning my assets. I do understand I would have more options for alternative investments in the Self Directed Trust, but being told I don't own my assets, that Vanguard does ?

    Been skimming some profits off my 401 and doing the cash & gold thing lately. Looking at individual real estate, but the government involvement in the eviction freeze is a major concern.

    dvl 2700

    A little government and a little luck are necessary in life, but only a fool trusts either of them.

  2. Member
    Join Date
    Nov 2011
    Location
    Coral Springs, Florida
    Posts
    10,788
    #2
    I have a revocable trust I created and I am the trustee and invest in anything I want. What is the difference between this and a self directed trust they are pitching?

  3. Member
    Join Date
    Aug 2017
    Location
    Kalamazoo, MI
    Posts
    368
    #3
    That is the problem, I don't seem to understand, and they seem to not be able to explain the difference other than I can roll over my 401 or IRA to a "self directed trust" that I own, and I can invest in whatever I want. Web site: Equity Trust out of Ohio. Believe it is legit, just don't know if it is all they and a seperate salesperson are making it out to be.

    A little government and a little luck are necessary in life, but only a fool trusts either of them.

  4. Member
    Join Date
    Nov 2011
    Location
    Coral Springs, Florida
    Posts
    10,788
    #4
    Quote Originally Posted by dvl2700 View Post
    That is the problem, I don't seem to understand, and they seem to not be able to explain the difference other than I can roll over my 401 or IRA to a "self directed trust" that I own, and I can invest in whatever I want. Web site: Equity Trust out of Ohio. Believe it is legit, just don't know if it is all they and a seperate salesperson are making it out to be.

    A little government and a little luck are necessary in life, but only a fool trusts either of them.
    I would get a second opinion especially if it is a tax deferred account. If they can't explain it to you then I would be cautious.

  5. Member barkleyhawggitter's Avatar
    Join Date
    Feb 2010
    Location
    eddyville
    Posts
    5,548
    #5
    Never invest in anything you do not fully understand.
    Ranger Forever