From: utzoo!decvax!ucbvax!ucbcad:tektronix!tekmdp!mikem
Newsgroups: net.invest
Title: Re: Need help with self-directed IRA
Article-I.D.: tekmdp.1930
Posted: Thu Apr 28 11:59:48 1983
Received: Fri Apr 29 10:33:03 1983
References: cbosgd.3475

You have one basic flaw in your original premise:

You don't need to worry about when interest is paid on a self directed IRA;
that is why you have an IRA, to protect from taxes any income your
investment may make. All income, whether it is interest, capital gains, 
distributions, dividends, or whatever, must be paid to the IRA, and are only
taxable when the funds are withdrawn; and the taxes are based on treating those
withdrwals as ordinary income, provided you wait until you are 59 1/2, or 
whatever that age was.

The best info I have seen in one place on IRAs, is the IRA annual put out by
MONEY Magazine, available on newstands everywhere for $2.95 (tax-decuctable
investment expense).

For weird IRA investments, consult a recent back issue of Business Week; in the
Personal Business section is mention of someone offering a booklet containing
"weird" or unconventional ideas, and how to do it.

All of the stock brokers are basically right, if its not traded, they usually
don't know about it. Just remember that a broker will always try to sell
you something to make a commission. If a broker opens an IRA for you,
he must make some money somehow; either thru the commissions on the 
transactions, or on the maintenance fees as custodian of the account.

A question I have, is whether brokerage commissions and fees related to an
IRA in a self directed account, are deductable in the tax year done, or do
they just subtract from the funds in the account.

As for finding a custodian for your idea for an IRA...
Check with a bank, or with a firm called ADP ( a dataprocessing payroll 
service). Locally, in the Portland, OR area, there is a firm offering
medical factoring that pays 30% interest on funds invested. Someone
from the local ADP place offers a custodian service for self directed'
IRAs, which in turn are being opened by people wanting IRAs 
invested in the medical factoring investment. Medical factoring
is a mechanism of buying accounts receivables from doctors awaiting
payment of claims from insurance companies. The return results in the
payback on the discounted sale of the account. These are
"unregistered", unsecured, unregulated transactions; caveat emptor.

DISCLAIMER time:

I am not an investment advisor; all information gleaned from
magazines, newspapers, etc. I am not trained in financial matters.
I will be glad to answer any questions that might come to mind after
reading this. None of this has anything to do with what I do at
Tektronix, where I am in engineering.

Mike Mihalik
MDP Engineering
Tektronix Inc.
...tektronix!tekmdp!mikem