5 ms·
how is this done? I looked into the rules and you can't sell options or stocks from companies you have a controlling stake in into your own Roth. Friends and fa
by onetimeusename 4y ago
how is this done? I looked into the rules and you can't sell options or stocks from companies you have a controlling stake in into your own Roth. Friends and family can't either. I feel like you would have to be in a pretty special and unlikely situation to actually pull this off not even assuming the stock price actually increases much. I could be wrong about that.
- jwie 4y agoI believe you could open a Roth, put dollars in it and buy anything your Roth broker would sell you in that tax protected container. Exotic offerings are not going to be available to regular people, but if you could get access to bespoke financial product, like some exotic swap or derivative, or something else that would increase in value 1000000% or something else crazy, and you’re all set. There are specific restrictions to what can go in a Roth, but I think all financial products are allowed. You can’t put “a lottery ticket” in the IRA and win the lottery with that ticket and have it be tax protected, but only because it’s a physical object like a collectible. If you do it through stonks though it’s fine the ways the laws are written.