ASHEVILLE, NC / ACCESSWIRE / February 5, 2021 / Has the COVID-19 pandemic changed the way investors approach retirement? That is the subject of a recent post at American IRA, a Self-Directed IRA administration firm out of Asheville, NC. The post sought to examine how Self-Directed IRA investors may have changed perceptions, especially in the wake of the COVID-19 pandemic.
It is not difficult to see that many investors may have shifted perspectives after this unprecedented event. When the stock market crashed in early 2020, many people who had stocks in a retirement portfolio were justifiably worried about future retirement prospects.
The post looked at some distinct trends that may follow whether investors are changing behaviors. One of the most important trends was the trend of seeking out diversification. Linking to an article in Seeking Alpha, the post noted that "in the wake of COVID, which showed just how quickly the stock market can change and potentially rattled investors, it's clear that some investors may see the need for diversification."
This means investors who want diversification beyond the stock market have to turn to other asset classes, such as precious metals and real estate, to avoid the kind of vulnerability that comes with putting every retirement egg in the same basket.
"With this post, we wanted to point out that there are many different approaches to investing," said Jim Hitt. "And we wanted to track how many investors might be changing their thinking in the wake of this pandemic-and even as the pandemic is going. It's important for investors to understand these trends and have a look at the broader market."
According to Jim Hitt, many investors like Self-Directed IRAs for the diversification possible through directing one's own IRA.
American IRA regularly includes information on its blog related to Self-Directed IRAs. For more information about this post, visit the blog at www.AmericanIRA.com. Interested parties may also contact American IRA by dialing 866-7500-IRA.
About:
"American IRA, LLC was established in 2004 by Jim Hitt, CEO in Asheville, NC.
The mission of American IRA is to provide the highest level of customer service in the self-directed retirement industry. Jim Hitt and his team have grown the company to over $400 million in assets under administration by educating the public that their Self-Directed IRA account can invest in a variety of assets such as real estate, private lending, limited liability companies, precious metals, and much more.
As a Self-Directed IRA administrator, they are a neutral third party. They do not make any recommendations to any person or entity associated with investments of any type (including financial representatives, investment promoters or companies, or employees, agents, or representatives associated with these firms). They are not responsible for and are not bound by any statements, representations, warranties, or agreements made by any such person or entity and do not provide any recommendation on the quality profitability, or reputability of any investment, individual, or company. The term "they" refers to American IRA, located in Asheville and Charlotte, NC and Atlanta, GA."
SOURCE: American IRA, LLC