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Local Investment

Local Money invests in Main Street not Wall Street.  This takes work initially but it’s worth it.  A very successful investor recently told me that his number-one rule is that every investor has to have a vision or point of view.  Because without a point of view, he emphasized, you will never succeed and never be happy with your investments.  You’ll be constantly stressing that you made the wrong decision, that somehow you’re being left behind, that you are failing to secure your future.

Local Investing – The Secret is the Self Directed IRA

The primary vehicle of local investment is the self-directed IRA.  Never heard of it?  That’s because your financial advisor and brokerage firm can’t make any money on it, or off you.  But it’s the ideal way to use the money you’ve saved in IRA’s (and probably kept in mutual funds to spread the risk) to invest in local enterprises or real estate.

Read how one person invests locally in organic farms

 

The short list to living local
  • Join a local credit union
  • Participate in your school board, village board or PTA
  • Invest in local businesses for the long term
  • Buy local every day, every week
  • Try to work locally by living as close to work as possible
  • Retire locally by volunteering your time and expertise