Stocks and your 401(k) may surge now that Fed rate hikes seem to be over, history shows
bloup @ bloup @lemmy.sdf.org Posts 2Comments 145Joined 2 yr. ago
bloup @ bloup @lemmy.sdf.org
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Uh not really… he started PayPal and then sold himself like 1 million shares at $0.001 (a tenth of a penny!) a share. Did you even read the article? Literally anyone who starts a business has to inject capital. It’s not gambling any more than any other person simply starting a business.
Also if you do read the article. You will learn it is not just Peter thiel, but many many many wealthy individuals who have done similar things. You say “the ultra wealthy would love to have Roth IRAs!” Well guess what: they do and it’s often a substantial portion of their fortune.
So what is your point now?