4 ms·

Can one learn this skill?

• lamontcg 5y ago
  Make a really good bet on a stock in your Roth that pops something like >10,000x. In his case it was Paypal shares. Then you have a massive tax-free investment shelter and you can be an angel investor for startups through it and seek out another >100x investment with it. It helps a lot to have better information and be more plugged into the investment culture than your average person on the street reading the NYT and trying to sort out where to invest their 401k. It also helps to be a sociopath so that all you care about is returns. There's a bit of an oversight here where the tax-free returns in a Roth shelter are completely unlimited, they probably should have been capped where massive windfalls became taxed some way, but rich people and those who carry water for them, would have flipped out.