Re:Peter Thiel’s $5B Roth IRA Tax Haven Is the Hottest New I...
by perl4ever on Tuesday July 06, 2021 @12:34AM
(#27744248)
> 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?
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?