Any Good Self-Directed IRA's out There??

[April L. Williams]

I recently invested a small chunk of change in with a company to roll over into a "traditional IRA", which was then rolled over into a "self-directed IRA." However, I'm not very happy with the ethics of the company. I was told, initially, that my investment in my self-directed IRA could bring anywhere from 12-20% interest. However, I was never told that there are lag times throughout the year when I can technically invest that money into "projects", as they call it, that will get me this 12-20% interest. So, I asked my rep today, "So, during those lag times, my money just sits there not doing anything??" He slowly replied yes. Keeping mind, I was charged a hefty fee for even opening this account, and with the lag time, there's no way I will be able to make that fee up with the interest from this account. Is this typical with Self-Directed IRA's?? Are there any Self-Directed IRA's out there that do not have lag times that you can invest your money year round??? Or, are Self-Directed IRA's basically a waste?? Trying to make decision on where to cut my losses and move my money into something else or put it back into my Traditional IRA which invests in the stock market. But, just makes me uneasy investing any more of my money with them when they knew I could not invest any of the money in my Self-Directed IRA (2) days ago when they set the account up, knowing it would cost a hefty amount just to set the account up.....not happy about that. I've really had to learn over the last few months that the old saying, "your word is your bond" that used to apply to doing business back in the day does not apply today....which is truly sad....not how I like doing business with others.