Re:Peter Thiel’s $5B Roth IRA Tax Haven Is the Hottest New I...
by MuffinFlavored on Monday July 05, 2021 @10:26PM
(#27743687)
Really not that exciting.
tl;dr
> Rather than dump his money into index funds or some other safe investment, Thiel spent $1,700 for 1.7 million shares of PayPal (a company he cofounded), at $.001 per share, inside his Roth. Within a year, the value of his PayPal shares skyrocketed from $1,664 to $3.8 million. Thiel then sold those shares (still within the Roth), meaning the value of his Roth became millions.
Be at the right place at the right time and have everything work out in your favor, lol
tl;dr
> Rather than dump his money into index funds or some other safe investment, Thiel spent $1,700 for 1.7 million shares of PayPal (a company he cofounded), at $.001 per share, inside his Roth. Within a year, the value of his PayPal shares skyrocketed from $1,664 to $3.8 million. Thiel then sold those shares (still within the Roth), meaning the value of his Roth became millions.
Be at the right place at the right time and have everything work out in your favor, lol