Peter Thiel's Billion-Dollar Roth-IRA: How He Did It and How You Can Too

[@CrossFit-Carnivore]

Excellent info!

[@dee24298]

Very interesting! Could you make a video on how and what platforms i can setup a roth IRA and invest in alts and pre-IPO stocks? Thanks!

[@sharonwinsmith]

Will put this on the list for future videos - thanks for watching!

[@crispisauce]

You can withdraw from roth what you contributed that year. But you'll have to pay taxes on it. This is still pretty good if you max it right away and really need to access those funds (emergency fund)

[@rayray2001111]

Yes 10% fine and taxes on the money you pull

[@tylerrowe6764]

Which custodians allow investment in startups with your IRA?

[@sharonwinsmith]

In my experience a lot of startup founders like PENSCO and Millennium Trust. In any event, you would definitely need to work with an attorney to make sure you navigate all the rules and set it up right.

[@lucycat7585]

Great video! Just wondering. If founders or early employees buy shares through a Roth IRA, they become “disqualified persons” right?? Therefore, these people are unable work on the day-to-day activities of the company?? Is that correct? So was Peter Thiel able to work at PayPal in any capacity??? Thanks for any insights.

[@KuilinLi]

Peter Thiel wasn't just a savvy investor who predicted Paypal's rise, though, he himself was a co-founder and actively helping the company during its start-up stage. How did he invest in his own company through his SDIRA? I don't see how he dodged arms-length or self-dealing or... some rule has to prohibit what he did, I feel like? Otherwise anyone can effectively spend dollars in an IRA however they want by founding a company, sending IRA dollars to said company in exchange for private equity, and then doing whatever with the money (such as hold real estate, hold cryptocurrency, host parties, pay yourself a salary...). You said yourself, in this video, that an average investor wouldn't have had access to Paypal shares at the time Peter Thiel did. Doesn't that essentially mean he's violating arms-length rules in his purchasing of the shares?

[@sharonwinsmith]

You can set this up in a way that it complies with all the rules. This is done all the time. When I say average investor in the video, I mean that I don't personally have the contacts to get to invest in a company like PayPal at the very early stages when Thiel was setting this up.

[@KuilinLi]

@@sharonwinsmith Thanks for the reply! I see, that makes sense about what you said in the video.

[@sharonwinsmith]

Thanks for watching! 🙂

[@YouGotOptions2]

My primary income is from VA disability and thus not eligible for me to invest in a Roth. I have just opened a brokerage account to dividend invest via high yeild etfs in it, would I be able to invest the after tax gains into a Roth? I just started this journey last month so I am new. Thanks

[@jamesmccoy3847]

Which brokers allow to invest in crypto through Roth IRA

[@DAIIIVA]

i wish i could marry you!

[@eclipsed4utoo]

So, let me make sure I got this... - Fund a Roth - Pick an individual company stock that's EARLY - Wait for that stock to skyrocket - ..... profit? Sure, everybody can do that. Everybody has a chance to also win the lottery.

[@sharonwinsmith]

This strategy definitely isn't for everyone. With that said, I have used this strategy myself and personally know several very wealthy startup founders. Don't know anyone who has won the lottery.

[@juniorstockinvestor6356]

She's not wrong! I currently do this in my Roth, especially with Meta when I got a 70% return! You can also buy and sell options in a Roth granted you know what you're doing? Be blessed she's saying this for free on KZbin! School and a financial advisor will never give you this strategy! I want a tax free retirement!