Promising interest in Mitt Romney’s Holdings

Mitt Romney’s IRA holdings are in the range of 60 million and are beginning to create interest in non-traditional investment options. He is diverting interest in assets such as private equity and real estate towards IRA’s.  The downside of IRA’s is they are difficult to value, causing many custodians to back away from such assets. The overall shift in investment trends is benefiting the specialty custodians that are only involved in non-traditional assets.

The custody rules have gotten stricter ever since the Madoff scam.  Investments with high moral hazard will always be a bit of a wild card in the investment world. Giving money to someone that has no responsibility for the outcome other than personal reputation can be a bit of an issue.

Various trust companies are using news of the IRA’s increased popularity to tell investors how non-traditional, high ROI assets can help IRA’s grow. Over the last 5 years we have seen a huge tightening of regulation on these type of investments. Mainly because of scandals, scams and preventative measures for market crashes. The downside is that as regulations on these investments tightens they become less lucrative.

The Creation of Invest aBit

So yesterday was officially the birth of what hopefully will become the authority on internet investments.  The vision of CEO and founder Ryan Parent is to create a site that make investments easy and affordable.  ”We want an investor site that 10 year olds can understand, use and learn from.  Even if you only have 1 penny we have options for you.”  Says CEO Ryan Parent.  January 25th, 2012 marks a very important day in the future of internet investments.  Simplicity and affordability will be the foundation of our site.  The vision of the site is to also offer an extremely wide range of portfolio options.  We will have world wide options in various stock exchanges, real estate markets, gold, natural resources and human development.