Started moving IRA moneys last year.

The stock market is going on a 6 year run that has been great for my IRA accounts since I've added a lot of principle near the bottom, but dumping my liquid cash into mutual funds which are at near record highs does not seem wise at this point. 

It was held in a Self Directed IRA if it matter. 

I presently own a rental property in my Roth Self Directed IRA.

My self directed IRA wholly owns a single family residence with no liens.

I am new to BP.I have a self directed IRA which I currently haveinvested in a Tax Lien fund and a Hard Money Loan.I am wanting to find a Note "Fund" that I can invest in.Any suggestions and opinions appreciated.Thanks

The family I know that have money to lend are a) prohibited by the IRS to loan to me out of their IRA/401k and also b) financially savvy enough so that an 8% loan is not attractive to them because they know it will be taxed at ordinary income levels, when made outside a tax deferred account.  

Just to follow up on the contradicting IRA response, the gentleman is mistaken.

Rule of thumb, 7-10 percent 1st mortgages, 65 - 70% LTV12 - 16% second mortgagesYou need to understand foreclosure-repossession laws and risk to private lenders.Ill get 70% LTV for 5 yrs 1st position with people with IRA money that want some money in Wall Street and some money on Main Street!

So I'm asking the experienced investors of BP, how do I use the money in my IRA's to begin investing?