(Newswire.net — August 22, 2020) —
Most people look at toward their retirement future with confusion and uncertainty. They want to retire with a healthy portfolio and believe the best way to accomplish this is through a 401(k) investment manager or financial advisor. They feel secure in knowing that a licensed pro will manage their accounts and ultimately delivery financial security and freedom to live how they choose during their golden years.
Tim Schmidt, an online entrepreneur in Florida, decided enough is enough and he took matters into his own hands. In his early 30s, he took action and changed his mindset. He realized that traditional retirement investing isn’t all it’s cracked up to be. He saw the writing on the wall during the stock market and housing crash in late 2008.
Schmidt realized how many retirees lost half of their retirement nest eggs or more. He wasn’t willing to risk his and his family’s future on an advisor or manager who gets paid commissions whether his portfolio succeeds or fails. So he changed his traditional investing mentality and focused on building retirement wealth with a self-directed IRA instead.
Tim Schmidt’s entrepreneurial drive developed at a young age before turning 10 years old. He started working shoveling driveways, cutting grass, and working odd jobs as a youngster in Minnesota’s Twin Cities area. And his entrepreneurial spirit continued to flourish. In college, Schmidt upped his game and earned money selling custom CDs, promoted parties, and even dripped his toe into internet marketing selling term papers online.
After graduation, Schmidt found himself in an interesting position. As the economy grinded to a halt Tim’s forthcoming job with Accenture, a position he secured before finishing college, was postponed for 2 years. Tim had a choice. He could wait patiently for enough time to pass until his position opened up, or he could grab life by the throat and rekindle his entrepreneurial spirit. In what seemed like the blink of an eye, Tim packed his bags and took off for sunny Miami, Florida. He became a sales consultant for an SEO agency and never looked back.
Fast forward a bit, and through hard work and dedication, Tim ends up building a multi-million dollar business and earns serious street cred in the digital marketing space. And he did it all from his condo in Miami Beach, rocking throwback baseball jerseys and surfing shorts while living life on his terms.
Eventually Tim contacted his friend and college roommate, the head of a New York Life office in the Midwest, for financial advice. Tim started investing for retirement with his friend and he still manages the college fund for Tim’s son, but Tim decided to throw caution to the wind and focused more on making his own investment choices.
Based on info shared on Tim’s website IRAInvesting.com, he opened a self-directed IRA to invest in precious metals, cryptocurrency, and real estate. He also mentions frequently trading in the equities markets, and loves actively managing his retirement accounts.
When asked to comment, Tim said, “The best thing about self-directed IRA investing is I have the control to invest when and how I want. I can invest non-traditionally, or focus my investments on my areas of expertise. My partnership with Graze, a Food Hall based in the North Loop of Minnesota, is one such investment. I became a ground floor investor because of the flexibility of my self-directed IRA. This is a creative opportunity I never would have discovered as a traditional retirement investor.”
Schmidt diligently discusses the ups and downs of the gold investing market on website from his home in South Florida. He even shares his thoughts on the Covid-19 pandemic and how it has changed the world and world financial markets.
“My main goal is to always act with total transparency. Our website guest writers and I share our investment strategies and choices with our readership. Sometimes we win. Other times we lose. Some investments go nowhere. But we let you know what’s happening either way.”
Tim’s choice to manage his own money shouldn’t surprise us. He wrote and published his Amazon bestseller “Amplifying Average” last year. His book has a chapter about risk. “Every person who’s accomplished something monumental–in business or in life–had to take a big risk at some point. You simply can’t achieve remarkable success and huge financial gains by playing it safe…”
No one knows what the future holds. Schmidt’s retirement portfolio management may have a fairytale ending, or not. Follow along on his website in real time to keep up with his progress.