DENVER, CO, Nov 19, 2008 (MARKET WIRE via COMTEX) -- Real estate investing in Individual Retirement Accounts will be the focus of a friendly, live Web event, open to all, as two Colorado companies collaborate to shed light on a safe and high-yielding alternative to the rollercoaster ride of financial markets.
The IRA-Real Estate Investing Webinar is set for Nov. 20 from 4-5 p.m. MST. Individual questions will be answered. Register in advance at www.newdirectionira.com or www.cmyatescapital.com.
Denver real estate entrepreneur Christopher Yates, president of CM Yates, Inc., will explain how to invest in notes secured by the deeds of trust of income properties throughout Denver. Credit partners in the firm's Private Lender program get an initial upfront bonus of 1 to 4 percent, followed by expected annual gains ranging from 12 to 15 percent. The minimum investment is $10,000.
Real estate represents a way for people to invest safely in their self-directed IRAs and diversify their holdings, said Bill Humphrey, principal officer at Entrust New Direction IRA. The Lafayette, Colo.-based firm will co-host and record the Nov. 20 Web event with Yates. An Entrust expert will outline a wide range of legally permissible IRA investing options that go beyond traditional stocks and bonds.
"It surprises a lot of people, but we have IRA clients who invest in all kinds of real estate including golf courses, motels, and marinas," said Humphrey. Also common are financial instruments secured by real estate such as those offered by CM Yates.
Entrust New Direction IRA is one of 30 affiliates of The Entrust Group, founded by tax expert and author Hubert Bromma. The firm assists clients in establishing self-directed IRAs and company-wide 401(k) plans. It provides education in investment alternatives but it does not sell specific investments or investment advice.
CM Yates, led by Christopher Yates, offers investments not only in high-yielding notes, but in individual residential properties. The company buys about 10 Denver properties per month. It specializes in acquiring foreclosure homes at steep discounts to prevailing market values. While some are offered for sale, most become part of the company's growing, incoming-producing portfolio.
Yates has been featured in national and international media. Personal Real Estate Investor magazine (November/December 2008 issue) praises his creative financing strategies in a feature titled "Assured Returns by the Numbers." A recent interview at MSNBC.com reports his views on the U.S. real estate market ( www.msnbc.msn.com/id/27518326). His expertise was sought and recently published by a prominent Russian real estate journal ( www.prodevelopment.ru/news/2321).
"Home values seem to have stabilized in certain parts of the country including Denver," said Yates. "But investing in individual properties is too tricky and time-consuming for most people. Our Private Lender program gives them a way to participate in the upside of an improving market with none of the hassles."
"That program offers exceptional out-of-the-box simplicity," said Humphrey, who has handled hundreds of real estate transactions in his Entrust office. Others are often much more complicated. To avoid losing the tax advantages of an IRA, investors must do a lot of things by the book. For example, a purchase offer must be submitted formally by the IRA, not personally by the account owner.
A self-directed IRA must be opened and administered properly by an IRS-approved custodian such as Entrust New Direction IRA. The company strives to simplify a process fraught with perilous legal and tax consequences, according to Humphrey. Like its Webinar co-sponsor, CM Yates, Inc., he said, Entrust aims ultimately to empower individual investors to succeed.
The IRA-Real Estate Investing Webinar is set for Nov. 20 from 4-5 p.m. MST. Individual questions will be answered. Register in advance at www.newdirectionIRA.com or www.cmyatescapital.com.
Disclaimer: This investment is not a security. Information provided herein is not for the purpose of soliciting a security under State or Federal regulations. This information is intended to provide alternatives to stock market investments to private investors, but it is not intended to be a solicitation of a security under SEC rules and definitions. This is intended to be a private borrowing transaction.
CONTACTS:
Bill Humphrey
Entrust New Direction IRA, Inc.
303-546-7930
Christopher Yates
CM Yates, Inc.
720-279-1260
SOURCE: CM Yates, Inc.
Copyright 2008 Market Wire, All rights reserved.
Source: http://www.marketwatch.com/news/story/For-IRA-Investors-a-Stock/story.aspx?guid=%7BC6B3B132-70EA-4102-B5E2-4089A6F42B00%7D
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Wednesday, November 19, 2008
MARKET SNAPSHOT: U.S. Stocks Fall Steeply As Financial Sector Weighs
U.S. stocks declined Wednesday after the biggest-ever drop in consumer prices and another gloomy housing report offered little cheer to investors already fretting about the fate of the Big Three automakers.
After climbing in and out of positive and negative turf, the major stock indexes fell decisively. The Dow Jones Industrial Average (DJI) slid 210.43 points, or 2.5%, to 8,214.32, with 28 of its 30 components trading lower.
Shares of General Motors Corp. (GM) paced the blue chips' decline, down 17.5%.
The chief executives of GM, Ford Motor Co. (F) and Chrysler returned to Capitol Hill for a second day to make their case for the government extending a bridge loan to their ailing industry.
"If one or more of the auto manufacturers were allowed to fail, it would likely bring additional volatility to credit, equity and foreign-exchange markets," said Alex Meister, currency analyst at Wachovia Corp.
The S&P 500 (SPX) fell 28.99 points, or 3.4%, to 830.13, and the Nasdaq Composite (RIXF) dropped 50.88 points, or 3.4%, to 1,432.39.
Financial shares fronted the losses, with shares of some of the nation's top life insurers shedding value on worries about their capital conditions as well as the status of their applications for investment from the federal government. .
Rivals Lincoln National Corp. (LNC) and Hartford Financial Services (HIG) were both slammed, with Lincoln National off 34.5% and Hartford Financial off 28.6%.
Both insurers have applied to the U.S. Office of Thrift Supervision to acquire individual S&Ls as a way of getting large capital infusions from the Treasury Department's $700 billion Troubled Asset Relief Program.
Volume on the New York Stock Exchange topped 557 million, and for every stock on the rise, nine were declining. On the Nasdaq, nearly 390 million shares traded, and decliners topped advancers more than 5 to 1.
The dollar gained, with an index (DXY) comparing the greenback against other major currencies up to 87.38 from 87.114 in late Tuesday trade. .
Oil dropped as U.S. inventory supplies increased, with crude for December delivery falling 37 cents to $54.02 a barrel. .
In other trade on the New York Mercantile Exchange, gold futures climbed, with the contract for December up $3.2 to $735.9 an ounce. .
Demand for gold coins and bars increased in recent months, even as gold futures fell far from record highs above $1,000 an ounce hit in March, according to a industry report. .
Data clouds
Earlier in the day, the Labor Department reported consumer prices dipped a record 1% in October, driven by an 8.6% drop in energy costs. .
"There's no relief in the beleaguered housing market," analysts at Action Economics said of the Commerce Department's estimate that new home construction fell to a record low in October.
And in a related report, the Mortgage Bankers Association said mortgage applications fell a seasonally adjusted 6.2% last week from the prior one, as lower interest rates on fixed-rate mortgages failed to stir prospective home buyers.
In comments early Wednesday, Federal Reserve Vice Chairman Donald Kohn said regulation is the best means of preventing another financial crisis.
At 2 p.m. EST, the Fed is slated to release the minutes from its last meeting at which the central bank cut rates by half a percentage point, with futures pricing in another cut of this size in December.
European stocks also fell, with banks getting hit for a third straight session.
In Asia, stocks closed mostly lower. .
On Tuesday, U.S. stocks ended higher after a run-up in the final hour of trade, with the Dow Jones Industrial Average striking its third advance in 10 sessions.
At Tuesday's close, the Dow Jones Industrial Average was down 9.65% in November, according to a preliminary report from the Dow Jones Indexes. Year-to- date, the blue-chip index was down 36.49%.
Source: http://money.cnn.com/news/newsfeeds/articles/djhighlights/200811191245DOWJONESDJONLINE000750.htm
After climbing in and out of positive and negative turf, the major stock indexes fell decisively. The Dow Jones Industrial Average (DJI) slid 210.43 points, or 2.5%, to 8,214.32, with 28 of its 30 components trading lower.
Shares of General Motors Corp. (GM) paced the blue chips' decline, down 17.5%.
The chief executives of GM, Ford Motor Co. (F) and Chrysler returned to Capitol Hill for a second day to make their case for the government extending a bridge loan to their ailing industry.
"If one or more of the auto manufacturers were allowed to fail, it would likely bring additional volatility to credit, equity and foreign-exchange markets," said Alex Meister, currency analyst at Wachovia Corp.
The S&P 500 (SPX) fell 28.99 points, or 3.4%, to 830.13, and the Nasdaq Composite (RIXF) dropped 50.88 points, or 3.4%, to 1,432.39.
Financial shares fronted the losses, with shares of some of the nation's top life insurers shedding value on worries about their capital conditions as well as the status of their applications for investment from the federal government. .
Rivals Lincoln National Corp. (LNC) and Hartford Financial Services (HIG) were both slammed, with Lincoln National off 34.5% and Hartford Financial off 28.6%.
Both insurers have applied to the U.S. Office of Thrift Supervision to acquire individual S&Ls as a way of getting large capital infusions from the Treasury Department's $700 billion Troubled Asset Relief Program.
Volume on the New York Stock Exchange topped 557 million, and for every stock on the rise, nine were declining. On the Nasdaq, nearly 390 million shares traded, and decliners topped advancers more than 5 to 1.
The dollar gained, with an index (DXY) comparing the greenback against other major currencies up to 87.38 from 87.114 in late Tuesday trade. .
Oil dropped as U.S. inventory supplies increased, with crude for December delivery falling 37 cents to $54.02 a barrel. .
In other trade on the New York Mercantile Exchange, gold futures climbed, with the contract for December up $3.2 to $735.9 an ounce. .
Demand for gold coins and bars increased in recent months, even as gold futures fell far from record highs above $1,000 an ounce hit in March, according to a industry report. .
Data clouds
Earlier in the day, the Labor Department reported consumer prices dipped a record 1% in October, driven by an 8.6% drop in energy costs. .
"There's no relief in the beleaguered housing market," analysts at Action Economics said of the Commerce Department's estimate that new home construction fell to a record low in October.
And in a related report, the Mortgage Bankers Association said mortgage applications fell a seasonally adjusted 6.2% last week from the prior one, as lower interest rates on fixed-rate mortgages failed to stir prospective home buyers.
In comments early Wednesday, Federal Reserve Vice Chairman Donald Kohn said regulation is the best means of preventing another financial crisis.
At 2 p.m. EST, the Fed is slated to release the minutes from its last meeting at which the central bank cut rates by half a percentage point, with futures pricing in another cut of this size in December.
European stocks also fell, with banks getting hit for a third straight session.
In Asia, stocks closed mostly lower. .
On Tuesday, U.S. stocks ended higher after a run-up in the final hour of trade, with the Dow Jones Industrial Average striking its third advance in 10 sessions.
At Tuesday's close, the Dow Jones Industrial Average was down 9.65% in November, according to a preliminary report from the Dow Jones Indexes. Year-to- date, the blue-chip index was down 36.49%.
Source: http://money.cnn.com/news/newsfeeds/articles/djhighlights/200811191245DOWJONESDJONLINE000750.htm
Oil falls below $54 a barrel
VIENNA, Austria (AP) — Oil prices slipped further Wednesday, dipping below $54 on fears of global economic weakness that have sent crude down more than 60 percent in four months.
But analysts suggested that prices might be bottoming out as they moved closer to the psychologically significant $50 mark.
Light, sweet crude for December delivery was down 77 cents at $53.62 a barrel in electronic trading on the New York Mercantile Exchange by the afternoon in Europe. The contract Tuesday fell 56 cents to settle at $54.39, the lowest since January 2007.
"Market sentiment is still bearish, but not as bearish as a week ago," said Clarence Chu, a trader with market maker Hudson Capital Energy in Singapore. "Volatility has come down and the market is consolidating a bit."
Stock markets have served for the past few months as a barometer of investor perceptions about the health of the global economy. The Dow Jones industrial average rose 1.8 percent Tuesday as Hewlett-Packard Co. said fourth quarter and 2009 results will exceed analyst expectations.
Most Asian stocks, however, fell Wednesday. Japan's benchmark Nikkei index fell 0.7 percent, Hong Kong's Hang Seng index dropped 0.5 percent and the Korea Composite Stock Price Index slid 1.9 percent. European markets also opened lower.
Oil investors have already priced in a recession in developed countries and only evidence of an especially severe or prolonged slowdown may push prices down further, Chu said.
Prices have fallen 63 percent since reaching a record $147.27 a barrel in mid-July.
"I don't see oil falling below $50," Chu said. "It should be above $60 in a couple weeks."
Investors will be watching for signs of slowing U.S. demand in the weekly oil inventories report to be released Wednesday by the U.S. Energy Department's Energy Information Administration.
The report is expected to show that oil stocks rose 1.2 million barrels last week, according to the average of estimates in a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
The Platts survey also projects that gasoline inventories rose 700,000 million barrels and distillates increased 900,000 barrels last week.
Trader and analyst Stephen Schork noted that past report patterns reflected supply outstripping demand.
"Over the last six reports stocks have bounced back by 7 1/2 percent," he wrote in his Schork Report. "Meanwhile, year-on-year demand for total oil products fell for the 41st week (out of 45) this year, i.e. 10 out of every 11 weeks."
The Organization of Petroleum Exporting Countries is holding an informal meeting later this month ahead of an official meeting next month. OPEC President Chakib Khelil has signaled the group may announce production cuts at the December meeting, but some members, such as Iran, have called for earlier cuts.
"Expect crude to nudge near $50 with moves below sure to inspire strong statements and calls for an early meeting by the hawkish OPEC members," brokerage Kim Eng said in a report.
In other Nymex trading, gasoline futures were slipped 1.51 cents to $1.1217 a gallon. Heating oil was unchanged at $1.7579, a gallon while natural gas for December delivery rose 2.8 cents to $6.544 per 1,000 cubic feet.
In London, January Brent crude fell 56 cents to $51.28 on the ICE Futures exchange.
Source: http://www.google.com/hostednews/ap/article/ALeqM5i5TtajgUpSm7KY5jf-lCJGHBB-tAD94I20M00
But analysts suggested that prices might be bottoming out as they moved closer to the psychologically significant $50 mark.
Light, sweet crude for December delivery was down 77 cents at $53.62 a barrel in electronic trading on the New York Mercantile Exchange by the afternoon in Europe. The contract Tuesday fell 56 cents to settle at $54.39, the lowest since January 2007.
"Market sentiment is still bearish, but not as bearish as a week ago," said Clarence Chu, a trader with market maker Hudson Capital Energy in Singapore. "Volatility has come down and the market is consolidating a bit."
Stock markets have served for the past few months as a barometer of investor perceptions about the health of the global economy. The Dow Jones industrial average rose 1.8 percent Tuesday as Hewlett-Packard Co. said fourth quarter and 2009 results will exceed analyst expectations.
Most Asian stocks, however, fell Wednesday. Japan's benchmark Nikkei index fell 0.7 percent, Hong Kong's Hang Seng index dropped 0.5 percent and the Korea Composite Stock Price Index slid 1.9 percent. European markets also opened lower.
Oil investors have already priced in a recession in developed countries and only evidence of an especially severe or prolonged slowdown may push prices down further, Chu said.
Prices have fallen 63 percent since reaching a record $147.27 a barrel in mid-July.
"I don't see oil falling below $50," Chu said. "It should be above $60 in a couple weeks."
Investors will be watching for signs of slowing U.S. demand in the weekly oil inventories report to be released Wednesday by the U.S. Energy Department's Energy Information Administration.
The report is expected to show that oil stocks rose 1.2 million barrels last week, according to the average of estimates in a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos.
The Platts survey also projects that gasoline inventories rose 700,000 million barrels and distillates increased 900,000 barrels last week.
Trader and analyst Stephen Schork noted that past report patterns reflected supply outstripping demand.
"Over the last six reports stocks have bounced back by 7 1/2 percent," he wrote in his Schork Report. "Meanwhile, year-on-year demand for total oil products fell for the 41st week (out of 45) this year, i.e. 10 out of every 11 weeks."
The Organization of Petroleum Exporting Countries is holding an informal meeting later this month ahead of an official meeting next month. OPEC President Chakib Khelil has signaled the group may announce production cuts at the December meeting, but some members, such as Iran, have called for earlier cuts.
"Expect crude to nudge near $50 with moves below sure to inspire strong statements and calls for an early meeting by the hawkish OPEC members," brokerage Kim Eng said in a report.
In other Nymex trading, gasoline futures were slipped 1.51 cents to $1.1217 a gallon. Heating oil was unchanged at $1.7579, a gallon while natural gas for December delivery rose 2.8 cents to $6.544 per 1,000 cubic feet.
In London, January Brent crude fell 56 cents to $51.28 on the ICE Futures exchange.
Source: http://www.google.com/hostednews/ap/article/ALeqM5i5TtajgUpSm7KY5jf-lCJGHBB-tAD94I20M00
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