Thanx for the information. I just opened a roth ira in robinhood options trading. started with 1,000 and now have 1500 in only a week. I want to put in the other 5500( I am 57) . I am trading 3x etf like tqqq and sqqq just in and out. What about capital gains? if I deposit the max of 6500 and by the end of the year I have 25 or 35 grand in the account.... do I not have to pay capitol gains? I have no intention of removing any money at all for at least 5 years min. probably long after that. can you clear this up for me please. I did not spell check
Thanx for the information. I just opened a roth ira in robinhood options trading. started with 1,000 and now have 1500 in only a week. I want to put in the other 5500( I am 57) . I am trading 3x etf like tqqq and sqqq just in and out. What about capital gains? if I deposit the max of 6500 and by the end of the year I have 25 or 35 grand in the account.... do I not have to pay capitol gains? I have no intention of removing any money at all for at least 5 years min. probably long after that. can you clear this up for me please. I did not spell check