That's not true. This trick only works if you have the power to value stock low, like real low, buy it with your IRA then push it through the roof to get all the tax free profits.
He didn't just invest normally.
That's a fairly unique situation. I certainly can't use an IRA to buy my company at a strike price, knowing I'll be selling or raising capital to increase its value.
> Using stock deals unavailable to most people, Thiel has taken a retirement account worth less than $2,000 in 1999 and spun it into a $5 billion windfall.
He didn't just invest normally.
That's a fairly unique situation. I certainly can't use an IRA to buy my company at a strike price, knowing I'll be selling or raising capital to increase its value.
> Using stock deals unavailable to most people, Thiel has taken a retirement account worth less than $2,000 in 1999 and spun it into a $5 billion windfall.