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      What are some prohibited investments in a self-directed account?

      According to the IRS, investments that cannot be held by any type of Individual Retirement Account include

      • Life insurance policies
      • Collectibles (including works of art, gems, rugs, antiques, stamps and alcoholic beverages)
      • Certain metals and coins (see 26 USC 408[m][3] for some exceptions)
      • Stock in an S corporation (as defined in 26 USC 1361)