4 ms·
It’s a useless tip. If you have the ability to pick a $5bil winner you don’t need an ira. Just keep picking yourself $5bil winners in a regular taxable account
by xref 5y ago
It’s a useless tip. If you have the ability to pick a $5bil winner you don’t need an ira. Just keep picking yourself $5bil winners in a regular taxable account and you’ll be fine.
- perl4ever 5y ago> If you have the ability to pick a $5bil winner Nobody here thinks people can do that. I asserted the tip is meaningful even assuming people can't pick winners. The universe of available stocks contains different companies, with different market capitalizations, and different historical volatilities. Assuming you can't select the best performing ones, you can still select the ones that are smaller and more volatile. Do you have an issue with the assertion that owning foreign stocks, mutual funds, ETFs, etc (for a US person) is best done in a taxable account and not an IRA? Or does market efficiency indicate to you that shouldn't matter?