How To Turn $2K into $5 Billion! | Using a Self-Directed IRA
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- Опубліковано 10 лип 2024
- How To Turn $2,000 Into $5 Billion Using a Self-Directed IRA!
In today's video we explore how to invest in alternative assets using a self-directed IRA using a recent example of this tax strategy by a well known entrepreneur and tech investor.
The likelihood you create these returns is highly unlikely; however the principals can be applied in the same manner!
IRS Guidance on Self-Directed IRAs and Prohibited Transactions
www.irs.gov/retirement-plans/...
0:00 Introduction
0:37 Peter, Elon, and PayPal
1:10 How He Did It
2:20 Alternative Investments in an IRA?
2:50 Roth Vs. Traditional IRA Tax Treatment
3:33 The Self Directed IRA
3:58 The Solo 401k
4:12 Regular IRA Vs. Self-Directed IRA
5:30 Advantages of The Self Directed IRA
6:45 Disadvantages of The Self Directed IRA
9:35 A Regular IRA Might Be Enough
10:26 Time To Execute
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⚡️My Recommended Self-Directed IRA Accounts
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www.mysolo401k.net/
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DISCLAIMER: I am not a financial adviser but fortunately I am a CPA :). These videos are for educational and entertainment purposes only and should not be taken as "individualized" tax advice. Should you need tax solutions I highly recommend consulting with a professional or our CPA Firm. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and/or use myself. Some of the links on this web page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing the content this channel.
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the constant zooming in and zooming out during the video stream is so annoying. Please stop doing that.
I'd definitely like to hear more about that solo 401k.
Again, thanks for dropping more knowledge!
Greta video!
Good video! Question for a trader if under a llc that would mean I would have to get a broker under the llc to then go trade ? Or how do you suggest traders to trade under a business ? Thanks btw 🤗
that is correct
@@BrianRiveraCPA thanks Brian!
What are your thoughts on the majority of people who think day traders are gamblers and lose money and are not investors in comparison to long term investors that hold stocks over many years?
Great question. I’ve seen success/failures on both sides; it all comes down to having a repeatable process with risk in check .. I’d say most quit because it’s not as easy as it looks.
Can the self directed IRA also be a Roth like Peter? Thanks for a great channel
Absolutely
@@BrianRiveraCPA Just want to add, you do a nice job on your channel. Very clean, professional, looks good.
@@robframe134 thanks for the support bro!
Hello Brian i was trying to schedule an appointment but it seems you are packed :(
I was going to do that too until I saw he's all booked up.
Right now August is booked; but i might open an additional day
@@focknfree Let's talk now 👆👆👆
I thought Thiel used a regular Roth not a self directed to buy the PayPal shares?
Cant buy non-public companies in a non SDIRA
@@BrianRiveraCPA makes sense. Thanks for the tip!